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Components of Equity and Comprehensive Income
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements [Abstract] 
Components of Equity and Comprehensive Income
Components of Equity and Comprehensive Income
The components of equity for the nine months ended September 30, 2011 and 2010 are as follows:
 
 
Shareholders’
equity
 
Noncontrolling
interest
 
Total
equity
Balance at December 31, 2010
$
1,740,906

 
7,248

 
1,748,154

Exercise of stock options
30,367

 
—

 
30,367

Issuance of shares under stock purchase plan
24,224

 
—

 
24,224

Shares repurchased under provisions of stock repurchase plans
(108,572
)
 
—

 
(108,572
)
Stock compensation expense
33,446

 
—

 
33,446

Tax benefits from stock plans
5,068

 
—

 
5,068

Comprehensive income:
 
 
 
 

Net earnings
292,836

 
267

 
293,103

Foreign currency translation adjustments, net of tax of $5,621
(10,160
)
 
(354
)
 
(10,514
)
Reclassification adjustments for foreign currency realized losses, net of tax of $391
618

 
—

 
618

Total comprehensive income
283,294

 
(87
)
 
283,207

Dividends paid ($.25 per share)
(53,014
)
 
—

 
(53,014
)
Distributions to noncontrolling interest
—

 
(822
)
 
(822
)
Balance at September 30, 2011
$
1,955,719

 
6,339

 
1,962,058

 
 
 
 
 
 
Balance at December 31, 2009
$
1,553,007

 
8,340

 
1,561,347

Exercise of stock options
40,408

 
—

 
40,408

Issuance of shares under stock purchase plan
20,550

 
—

 
20,550

Shares repurchased under provisions of stock repurchase plans
(139,450
)
 
—

 
(139,450
)
Stock compensation expense
33,047

 
—

 
33,047

Tax benefits from stock plans
11,589

 
—

 
11,589

Comprehensive income:
 
 
 
 
 
Net earnings
247,670

 
87

 
247,757

Foreign currency translation adjustments, net of tax of $2,303
4,198

 
32

 
4,230

Total comprehensive income
251,868

 
119

 
251,987

Dividends paid ($.20 per share)
(42,397
)
 
—

 
(42,397
)
Distributions to noncontrolling interest
—

 
(963
)
 
(963
)
Balance at September 30, 2010
$
1,728,622

 
7,496

 
1,736,118


On May 4, 2011, the Board of Directors declared a semi-annual cash dividend of $.25 per share payable on June 15, 2011 to shareholders of record as of June 1, 2011. On May 5, 2010, the Board of Directors declared a semi-annual cash dividend of $.20 per share payable on June 15, 2010 to shareholders of record as of June 1, 2010.
Subsequent to the end of the quarter, on October 31, 2011, the board of Directors declared a semi-annual cash dividend of $.25 per share payable on December 15, 2011 to shareholders of record as of December 1, 2011.

The components of total comprehensive income for interim periods are as follows:
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
Net earnings
$
106,876

 
$
96,038

 
$
293,103

 
$
247,757

Foreign currency translation adjustments, net of tax of $13,476 and $11,984 for the three months ended September 30, 2011 and 2010, and $5,621 and $2,303 for the nine months ended September 30, 2011 and 2010
(24,707
)
 
21,983

 
(10,514
)
 
4,230

Reclassification adjustments for foreign currency realized losses, net of tax of $391 for the three months and nine months ended September 30, 2011
618

 
—

 
618

 
—

Comprehensive income
82,787

 
118,021

 
283,207

 
251,987

Less: comprehensive income (loss) attributable to the noncontrolling interest
59

 
71

 
(87
)
 
119

Comprehensive income attributable to shareholders
$
82,728

 
$
117,950

 
$
283,294

 
$
251,868