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Stockholders Equity
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholders' Equity
Stockholders' Equity
Changes in stockholders' equity for the nine months ended September 30, 2016 and 2015 were as follows:
 
 
Common
Stock
 
Common
Stock,
Held in
Treasury
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive 
Income (Loss)
 
Noncontrolling
Interests
 
Total
Balances at December 31, 2015
 
$
1,347

 
$
(258,312
)
 
$
542,148

 
$
3,109,987

 
$
(129,292
)
 
$
296,053

 
$
3,561,931

Net income
 

 

 

 
299,914

 

 
14,656

 
314,570

Other comprehensive income,
   net of income taxes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and other post-
   retirement benefits
   liability
 

 

 

 

 
409

 

 
409

Foreign currency
   translation adjustments
 

 

 

 

 
15,758

 

 
15,758

Net unrealized holding
   gains on investments
 

 

 

 

 
4,999

 

 
4,999

Common stock repurchased
 

 
(66,725
)
 

 

 

 

 
(66,725
)
Shares issued—stock-
   based compensation
 

 
5,057

 
(3,407
)
 

 

 

 
1,650

Stock-based compensation,
   net of tax on stock options
   exercised
 

 

 
7,778

 

 

 

 
7,778

Dividends paid
 

 

 

 
(71,933
)
 

 

 
(71,933
)
Distributions to noncontrolling
   interests
 

 

 

 

 

 
(12,300
)
 
(12,300
)
Noncontrolling interest in
   acquired business
 

 

 

 

 

 
68,000

 
68,000

Balances at September 30, 2016
 
$
1,347

 
$
(319,980
)
 
$
546,519

 
$
3,337,968

 
$
(108,126
)
 
$
366,409

 
$
3,824,137

 
 
Common
Stock
 
Common
Stock,
Held in
Treasury
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive 
Income (Loss)
 
Noncontrolling
Interests
 
Total
Balances at December 31, 2014
 
$
1,347

 
$
(96,372
)
 
$
530,441

 
$
2,555,528

 
$
(79,433
)
 
$
290,377

 
$
3,201,888

Net income
 

 

 

 
535,041

 

 
13,847

 
548,888

Other comprehensive income
   (loss), net of income taxes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and other post-
   retirement benefits
   liability
 

 

 

 

 
1,190

 

 
1,190

Foreign currency
   translation adjustments
 

 

 

 

 
(43,746
)
 

 
(43,746
)
Net unrealized holding
   gains on investments
 

 

 

 

 
124

 

 
124

Common stock repurchased
 

 
(122,249
)
 

 

 

 

 
(122,249
)
Shares issued—stock-
   based compensation
 

 
1,079

 
(95
)
 

 

 

 
984

Stock-based compensation,
   net of tax on stock options
   exercised
 

 

 
9,996

 

 

 

 
9,996

Dividends paid
 

 

 

 
(67,852
)
 

 

 
(67,852
)
Distributions to noncontrolling
   interests
 

 

 

 

 

 
(10,982
)
 
(10,982
)
Noncontrolling interest in
   acquired business
 

 

 

 

 

 
1,597

 
1,597

Balances at September 30, 2015
 
$
1,347

 
$
(217,542
)
 
$
540,342

 
$
3,022,717

 
$
(121,865
)
 
$
294,839

 
$
3,519,838


Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2016 and 2015 were as follows:
 
 
Benefits
Liability,
Net of Tax
 
Cumulative
Foreign
Currency
Exchange,
Net of Tax
 
Net Unrealized
Holding Gains
(Losses) on
Investments,
Net of Tax (1)
 
Total
Balances at December 31, 2015
 
$
(8,607
)
 
$
(115,690
)
 
$
(4,995
)
 
$
(129,292
)
Other comprehensive (loss) income before
   reclassifications
 
(252
)
 
15,758

 
57,550

 
73,056

Amounts reclassified from accumulated other
   comprehensive loss (income)
 
661

 

 
(52,551
)
 
(51,890
)
Net other comprehensive income for the period
 
409

 
15,758

 
4,999

 
21,166

Balances at September 30, 2016
 
$
(8,198
)
 
$
(99,932
)
 
$
4

 
$
(108,126
)

_____________
(1)
Includes other comprehensive income from equity method investment.

 
 
Benefits
Liability,
Net of Tax
 
Cumulative
Foreign
Currency
Exchange,
Net of Tax
 
Net Unrealized
Holding Gains
on Investments,
Net of Tax
 
Total
Balances at December 31, 2014
 
$
(23,442
)
 
$
(56,224
)
 
$
233

 
$
(79,433
)
Other comprehensive (loss) income before
   reclassifications
 
(128
)
 
(43,746
)
 
2,556

 
(41,318
)
Amounts reclassified from accumulated other
   comprehensive loss (income)
 
1,318

 

 
(2,432
)
 
(1,114
)
Net other comprehensive income (loss) for the period
 
1,190

 
(43,746
)
 
124

 
(42,432
)
Balances at September 30, 2015
 
$
(22,252
)
 
$
(99,970
)
 
$
357

 
$
(121,865
)

The following table provides the details of the amounts reclassified from accumulated other comprehensive income (loss) into net income in the consolidated statements of operations for the nine months ended September 30, 2016 and 2015:
Details about Accumulated
   Other Comprehensive
   Income (Loss) Components
 
Location of Reclassification
(Income (Expense)) in
Consolidated Statements
of Operations
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Amortization of pension and
   other post-retirement items
 
 
 
 
 
 
 
 
 
 
Net loss
 
(1)
 
$
(369
)
 
$
(692
)
 
$
(1,072
)
 
$
(2,019
)
 
 
Provision for
   income taxes
 
141

 
241

 
411

 
701

 
 
 
 
(228
)
 
(451
)
 
(661
)
 
(1,318
)
Net unrealized gains on
   available-for-sale
   investments
 
 
 
 
 
 
 
 
 
 
Realized gain on
   available-for-sale
   investments
 
Other income, net
 
52,401

 

 
53,720

 
3,795

 
 
Provision for
   income taxes
 
(696
)
 

 
(1,169
)
 
(1,363
)
 
 
 
 
51,705

 

 
52,551

 
2,432

Total reclassifications for
   the period
 
 
 
$
51,477

 
$
(451
)
 
$
51,890

 
$
1,114

_____________
(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. For additional information, please read Note 11 (Employee Benefits) to the financial statements included in the 2015 Form 10-K.