XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents $ 285,159 $ 114,804
Restricted cash 55,762 62,341
Accounts receivable (less allowance for doubtful accounts of $15,315 and $14,256, respectively) 481,791 260,163
Securitized accounts receivable-restricted for securitization investors 280,000 144,000
Prepaid expenses and other current assets 15,416 33,191
Deferred income taxes 4,797 4,484
Total current assets 1,122,925 618,983
Property and equipment 93,380 83,013
Less accumulated depreciation and amortization (60,656) (56,195)
Net property and equipment 32,724 26,818
Goodwill 823,549 601,666
Other intangibles, net 299,460 193,861
Other assets 45,834 42,790
Total assets 2,324,492 1,484,118
Liabilities and stockholders' equity    
Accounts payable 478,882 177,644
Accrued expenses 42,242 49,176
Customer deposits 180,269 78,685
Securitization facility 280,000 [1] 144,000 [1]
Current portion of notes payable and other obligations 140,354 11,617
Total current liabilities 1,121,747 461,122
Notes payable and other obligations, less current portion 278,429 313,796
Deferred income taxes 112,880 83,255
Total noncurrent liabilities 391,309 397,051
Commitments and contingencies      
Stockholders' equity:    
Preferred stock, $0.001 par value; 25,000,000 shares authorized and no shares issued and outstanding at December 31, 2011 and 2010      
Common stock, $0.001 par value; 475,000,000 shares authorized, 113,741,883 shares issued and 81,860,213 shares outstanding at December 31, 2011; and 111,522,354 shares issued and 79,655,213 shares outstanding at December 31, 2010 114 112
Additional paid-in capital 466,203 421,991
Retained earnings 534,498 387,163
Accumulated other comprehensive loss (13,716) (8,101)
Less treasury stock (31,881,670 shares at December 31, 2011 and 31,867,141 shares at December 31, 2010) (175,663) (175,220)
Total stockholders' equity 811,436 625,945
Total liabilities and stockholders' equity $ 2,324,492 $ 1,484,118
[1] The Company is party to a receivables purchase agreement (Securitization Facility) that was amended and restated for the fourth time as of October 29, 2007 and which has been amended seven times since then to add or remove purchasers, extend the facility termination date and remove all financial covenants. The current purchase limit under the securitization facility is $500 million. The facility was amended for the seventh time on February 6, 2012 to add a new purchaser and extend the facility termination date to February 4, 2013. There is a program fee equal to the Commercial Paper Rate of 0.34%, plus 0.90% as of December 31, 2011. The unused facility fee is payable at a rate of 0.50% per annum as of December 31, 2011. The Securitization Facility provides for certain termination events, which includes nonpayment, upon the occurrence of which the administrator may declare the facility termination date to have occurred, may exercise certain enforcement rights with respect to the receivables, and may appoint a successor servicer, among other things.