SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)
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3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 30, 2011
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Sep. 30, 2011
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Jun. 30, 2011
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Mar. 31, 2011
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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Sep. 30, 2008
Convertible senior notes due 2013
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Dec. 31, 2012
Convertible senior notes due 2013
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Jun. 30, 2009
Convertible senior notes due 2014
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Dec. 31, 2012
Convertible senior notes due 2014
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Revenue Recognition | |||||||||||||||
Estimated Life of an AIR MILES Reward Mile | 42 months | ||||||||||||||
Estimated unredeemed percentage of AIR MILES | 27.00% | 27.00% | 28.00% | ||||||||||||
Period beyond which interest and fee income accrue on credit card accounts | 90 days | ||||||||||||||
Period for which interest and fee income accrue until balance, interest and fees paid or charged off | 180 days | ||||||||||||||
Amortization term of direct loan amortization costs | 1 year | ||||||||||||||
Numerator | |||||||||||||||
Income from continuing operations | $ 422,256,000 | $ 315,286,000 | $ 195,638,000 | ||||||||||||
Loss from discontinued operations | (1,901,000) | ||||||||||||||
Net income | 83,661,000 | 119,545,000 | 103,821,000 | 115,229,000 | 65,906,000 | 93,981,000 | 69,023,000 | 86,376,000 | 422,256,000 | 315,286,000 | 193,737,000 | ||||
Denominator | |||||||||||||||
Weighted average shares, basic | 50,008,000 | 50,687,000 | 52,534,000 | ||||||||||||
Weighted average effect of dilutive securities: | |||||||||||||||
Shares from assumed conversion of convertible senior notes | 8,645,000 | 4,641,000 | 1,835,000 | ||||||||||||
Shares from assumed conversion of convertible note warrants | 4,702,000 | 1,510,000 | |||||||||||||
Net effect of dilutive stock options and unvested restricted stock (in shares) | 788,000 | 966,000 | 1,341,000 | ||||||||||||
Denominator for diluted calculations (in shares) | 64,143,000 | 57,804,000 | 55,710,000 | ||||||||||||
Basic: | |||||||||||||||
Income from continuing operations per share | $ 8.44 | $ 6.22 | $ 3.72 | ||||||||||||
Loss from discontinued operations per share | $ (0.03) | ||||||||||||||
Net income per share (in dollars per share) | $ 1.68 | $ 2.39 | $ 2.07 | $ 2.30 | $ 1.31 | $ 1.86 | $ 1.35 | $ 1.69 | $ 8.44 | $ 6.22 | $ 3.69 | ||||
Diluted: | |||||||||||||||
Income from continuing operations per share | $ 6.58 | $ 5.45 | $ 3.51 | ||||||||||||
Loss from discontinued operations per share | $ (0.03) | ||||||||||||||
Net income per share (in dollars per share) | $ 1.27 | $ 1.84 | $ 1.63 | $ 1.86 | $ 1.11 | $ 1.60 | $ 1.19 | $ 1.56 | $ 6.58 | $ 5.45 | $ 3.48 | ||||
Prepaid forward contracts (in shares) | 1,857,400 | ||||||||||||||
Anti-dilutive warrants excluded from the calculation of net income per share (in shares) | 10,300,000 | 17,500,000 | |||||||||||||
Currency Translation | |||||||||||||||
Foreign currency (losses) gains recognized | 600,000 | (2,700,000) | 3,000,000 | ||||||||||||
Advertising Costs | |||||||||||||||
Advertising expenses | 166,100,000 | 129,000,000 | 115,500,000 | ||||||||||||
Debt | |||||||||||||||
Amount borrowed | $ 805,000,000 | $ 805,000,000 | $ 345,000,000 | $ 345,000,000 |
X | ||||||||||
- Definition
Represents the amortization term of direct loan origination costs on credit card receivables. No definition available.
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X | ||||||||||
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X | ||||||||||
- Definition
The estimated number of months an AIR MILES reward mile remains active and unused. No definition available.
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X | ||||||||||
- Definition
Estimated percentage of AIR MILES that will not be redeemed by the collector base. No definition available.
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X | ||||||||||
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X | ||||||||||
- Definition
Represents the number of days beyond which the entity continues to accrue interest and fee income on all credit card accounts until the credit card account balance and all related interest and other fees are paid or charged off. No definition available.
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X | ||||||||||
- Definition
Represents the typical number of days delinquent at which a credit card account balance and all related interest and other fees are paid or charged off. No definition available.
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X | ||||||||||
- Definition
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Increase of additional borrowings on existing and new debt instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The maximum number of shares that could be issued to net share settle a contract, if applicable. If a contract does not have a fixed or determinable maximum number of shares that may be required to be issued, disclose the fact that a potentially infinite number of shares could be issued to settle the contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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