Business Segment Information

6 Months Ended

Jun. 30, 2012

Business Segment Information

Business Segment Information

The Company is organized functionally in geographic operating segments. Accordingly, management focuses its attention on revenues, net revenues, operating income, identifiable assets, capital expenditures, depreciation and amortization and equity generated in each of these geographical areas when evaluating the effectiveness of geographic management. The Company charges its subsidiaries and affiliates for services rendered in the United States on a cost recovery basis. Transactions among the Company’s various offices are conducted using the same arms-length pricing methodologies the Company uses when its offices transact business with independent agents.

Financial information regarding the Company’s operations by geographic area are as follows:

(in thousands)	UNITED STATES		OTHER NORTH AMERICA	LATIN AMERICA	ASIA PACIFIC	EUROPE and AFRICA	MIDDLE EAST and INDIA	ELIMI- NATIONS		CONSOLI- DATED
Three months ended June 30, 2012:
Revenues from unaffiliated customers	$	379,126	49,802	21,366	780,858	202,301	71,499	—		1,504,952
Transfers between geographic areas	22,504		2,466	4,791	11,038	9,603	4,670	(55,072	)	—
Total revenues	$	401,630	52,268	26,157	791,896	211,904	76,169	(55,072	)	1,504,952
Net revenues	$	182,291	25,115	14,724	135,908	71,497	24,116	—		453,651
Operating income	$	49,193	8,085	4,118	51,768	12,951	6,288	—		132,403
Identifiable assets at quarter end	$	1,597,543	93,374	52,019	687,586	412,752	152,754	(3,656	)	2,992,372
Capital expenditures	$	5,236	153	400	2,602	1,111	312	—		9,814
Depreciation and amortization	$	5,756	181	207	1,645	1,430	451	—		9,670
Equity	$	1,295,963	51,248	31,903	462,123	144,659	94,892	(30,731	)	2,050,057
Three months ended June 30, 2011:
Revenues from unaffiliated customers	$	390,806	47,816	21,136	816,350	229,724	75,536	—		1,581,368
Transfers between geographic areas	25,973		2,783	5,220	10,170	11,355	4,500	(60,001	)	—
Total revenues	$	416,779	50,599	26,356	826,520	241,079	80,036	(60,001	)	1,581,368
Net revenues	$	181,603	21,581	15,157	150,616	78,828	24,776	—		472,561
Operating income	$	57,752	5,761	4,486	61,542	16,877	5,857	—		152,275
Identifiable assets at quarter end	$	1,411,881	91,678	58,396	678,668	479,852	155,503	2,026		2,878,004
Capital expenditures	$	3,350	448	144	4,622	7,881	665	—		17,110
Depreciation and amortization	$	4,926	277	264	1,847	1,416	527	—		9,257
Equity	$	1,123,482	52,814	33,784	420,962	184,252	94,447	(30,591	)	1,879,150

(in thousands)	UNITED STATES		OTHER NORTH AMERICA	LATIN AMERICA	ASIA PACIFIC	EUROPE  and AFRICA	MIDDLE EAST and INDIA	ELIMI- NATIONS		CONSOLI- DATED
Six months ended June 30, 2012:
Revenues from unaffiliated customers	$	756,428	99,756	40,635	1,468,928	408,572	142,003	—		2,916,322
Transfers between geographic areas	44,712		4,931	9,870	22,010	19,070	9,321	(109,914	)	—
Total revenues	$	801,140	104,687	50,505	1,490,938	427,642	151,324	(109,914	)	2,916,322
Net revenues	$	363,766	47,357	29,559	267,722	143,030	48,788	—		900,222
Operating income	$	94,718	14,454	8,880	99,006	27,198	13,418	—		257,674
Identifiable assets at quarter end	$	1,597,543	93,374	52,019	687,586	412,752	152,754	(3,656	)	2,992,372
Capital expenditures	$	14,995	329	655	7,889	2,053	981	—		26,902
Depreciation and amortization	$	11,378	368	424	3,269	2,834	942	—		19,215
Equity	$	1,295,963	51,248	31,903	462,123	144,659	94,892	(30,731	)	2,050,057
Six months ended June 30, 2011:
Revenues from unaffiliated customers	$	767,911	91,663	41,469	1,544,480	443,335	153,358	—		3,042,216
Transfers between geographic areas	49,938		5,465	10,841	19,353	22,062	8,709	(116,368	)	—
Total revenues	$	817,849	97,128	52,310	1,563,833	465,397	162,067	(116,368	)	3,042,216
Net revenues	$	359,537	42,282	30,260	292,104	152,753	49,540	—		926,476
Operating income	$	111,486	11,550	9,249	120,980	34,584	11,656	—		299,505
Identifiable assets at quarter end	$	1,411,881	91,678	58,396	678,668	479,852	155,503	2,026		2,878,004
Capital expenditures	$	7,380	608	300	9,334	19,587	1,026	—		38,235
Depreciation and amortization	$	9,911	580	533	3,816	2,526	1,065	—		18,431
Equity	$	1,123,482	52,814	33,784	420,962	184,252	94,447	(30,591	)	1,879,150