XML 36 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segment Information
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
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 is 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 March 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from unaffiliated customers
$
371,719

 
51,729

 
19,864

 
694,095

 
202,487

 
70,591

 
—

 
1,410,485

Transfers between geographic areas
20,026

 
2,544

 
4,876

 
10,630

 
8,880

 
4,327

 
(51,283
)
 
—

Total revenues
$
391,745

 
54,273

 
24,740

 
704,725

 
211,367

 
74,918

 
(51,283
)
 
1,410,485

Net revenues
$
177,688

 
23,781

 
14,411

 
135,507

 
70,589

 
23,308

 
—

 
445,284

Operating income
$
47,353

 
6,612

 
4,089

 
52,884

 
11,926

 
5,654

 
—

 
128,518

Identifiable assets at quarter end
$
1,502,795

 
96,555

 
53,935

 
795,946

 
406,801

 
158,569

 
3,198

 
3,017,799

Capital expenditures
$
5,379

 
187

 
259

 
2,552

 
1,198

 
493

 
—

 
10,068

Depreciation and amortization
$
6,757

 
207

 
241

 
1,988

 
1,629

 
456

 
—

 
11,278

Equity
$
1,231,424

 
62,267

 
32,638

 
568,609

 
165,014

 
79,434

 
(34,765
)
 
2,104,621

Three months ended March 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from unaffiliated customers
$
377,302

 
49,954

 
19,269

 
688,070

 
206,271

 
70,504

 
—

 
1,411,370

Transfers between geographic areas
22,208

 
2,465

 
5,079

 
10,972

 
9,467

 
4,651

 
(54,842
)
 
—

Total revenues
$
399,510

 
52,419

 
24,348

 
699,042

 
215,738

 
75,155

 
(54,842
)
 
1,411,370

Net revenues
$
181,475

 
22,242

 
14,835

 
131,814

 
71,533

 
24,672

 
—

 
446,571

Operating income
$
45,525

 
6,369

 
4,762

 
47,238

 
14,247

 
7,130

 
—

 
125,271

Identifiable assets at quarter end
$
1,590,900

 
96,312

 
52,214

 
708,528

 
404,839

 
149,416

 
(986
)
 
3,001,223

Capital expenditures
$
9,759

 
176

 
255

 
5,287

 
942

 
669

 
—

 
17,088

Depreciation and amortization
$
5,622

 
187

 
217

 
1,624

 
1,404

 
491

 
—

 
9,545

Equity
$
1,315,321

 
56,341

 
31,060

 
471,498

 
164,165

 
93,282

 
(29,633
)
 
2,102,034