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Components of Equity
 9 Months Ended
Sep. 30, 2013
Stockholders' Equity Note [Abstract]  
Components of Equity
Components of Equity
The components of equity for the nine months ended September 30, 2013 and 2012 are as follows:
 
Shareholders’
equity
 
Noncontrolling
interest
 
Total
equity
Balance at December 31, 2012
$
2,027,699

 
4,871

 
2,032,570

Exercise of stock options
28,115

 
—

 
28,115

Issuance of shares under stock purchase plan
23,977

 
—

 
23,977

Shares repurchased under provisions of stock repurchase plans
(125,206
)
 
—

 
(125,206
)
Stock compensation expense
33,060

 
—

 
33,060

Tax benefits from stock plans, net
1,280

 
—

 
1,280

Net earnings
265,030

 
972

 
266,002

Other comprehensive loss
(11,970
)
 
(305
)
 
(12,275
)
Dividends paid ($.30 per share)
(61,899
)
 
—

 
(61,899
)
Purchase of noncontrolling interest
(507
)
 
(3,226
)
 
(3,733
)
Distributions to noncontrolling interest
—

 
(1,161
)
 
(1,161
)
Balance at September 30, 2013
$
2,179,579

 
1,151

 
2,180,730

 
 
 
 
 
 
Balance at December 31, 2011
$
2,003,638

 
6,431

 
2,010,069

Exercise of stock options
21,610

 
—

 
21,610

Issuance of shares under stock purchase plan
23,391

 
—

 
23,391

Shares repurchased under provisions of stock repurchase plans
(193,493
)
 
—

 
(193,493
)
Stock compensation expense
32,846

 
—

 
32,846

Tax benefits from stock plans, net
4,000

 
—

 
4,000

Net earnings
249,152

 
318

 
249,470

Other comprehensive income
8,231

 
110

 
8,341

Dividends paid ($.28 per share)
(59,358
)
 
—

 
(59,358
)
Distributions to noncontrolling interest
—

 
(1,177
)
 
(1,177
)
Balance at September 30, 2012
$
2,090,017

 
5,682

 
2,095,699


Accumulated other comprehensive (loss) income consisted entirely of foreign currency translation adjustments, net of related income tax effects, for all the periods presented.
On May 1, 2013, the Board of Directors declared a semi-annual cash dividend of $.30 per share payable on June 17, 2013 to shareholders of record as of June 3, 2013. On May 2, 2012, the Board of Directors declared a semi-annual cash dividend of $.28 per share payable on June 15, 2012 to shareholders of record as of June 1, 2012.
Subsequent to the end of the third quarter, on November 4, 2013, the Board of Directors declared a semi-annual cash dividend of $.30 per share payable on December 16, 2013 to shareholders of record as of December 2, 2013.