XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Financial Position, Classified (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 255,579 $ 285,159
Restricted cash 50,127 55,762
Accounts receivable (less allowance for doubtful accounts of $17,959 and $15,315, respectively) 545,796 481,791
Securitized accounts receivable-restricted for securitization investors 325,000 280,000
Prepaid expenses and other current assets 17,505 15,416
Deferred income taxes 4,310 4,797
Total current assets 1,198,317 1,122,925
Property and equipment 101,875 93,380
Less accumulated depreciation and amortization (66,198) (60,656)
Net property and equipment 35,677 32,724
Goodwill 775,749 760,872
Other intangibles, net 408,731 379,907
Other assets 86,215 45,834
Total assets 2,504,689 2,342,262
Current liabilities:    
Accounts payable 474,837 478,882
Accrued expenses 34,857 41,565
Customer deposits 170,640 180,269
Securitization facility 325,000 [1] 280,000 [1]
Current portion of notes payable and other obligations 129,873 140,354
Total current liabilities 1,135,207 1,121,070
Notes payable and other obligations, less current portion 285,950 278,429
Deferred income taxes 141,612 131,327
Total noncurrent liabilities 427,562 409,756
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.001 par value; 475,000,000 shares authorized, 115,390,487 shares issued and 83,508,817 shares outstanding at June 30, 2012; and 475,000,000 shares authorized, 113,741,883 shares issued and 81,860,213 shares outstanding at December 31, 2011 115 114
Additional paid-in capital 500,331 466,203
Retained earnings 630,978 534,498
Accumulated other comprehensive loss (13,841) (13,716)
Less treasury stock (31,881,670 shares at June 30, 2012 and December 31, 2011) (175,663) (175,663)
Total stockholders' equity 941,920 811,436
Total liabilities and stockholders' equity $ 2,504,689 $ 2,342,262
[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 Securitization 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 0.28%, plus 0.75% as of June 30, 2012. The unused facility fee is payable at a rate of 0.35% per annum as of June 30, 2012. 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.