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Components of Equity and Comprehensive Income
 6 Months Ended
Jun. 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 six months ended June 30, 2011 and 2010 are as follows:
 
 
Shareholders’
equity
 
Non controlling
interest
 
Total
equity
Balance at December 31, 2010
$
1,740,906


 
7,248


 
1,748,154


Exercise of stock options
23,625


 
—


 
23,625


Shares repurchased under provisions of stock repurchase plans
(65,274
)
 
—


 
(65,274
)
Stock compensation expense
20,708


 
—


 
20,708


Tax benefits from stock plans
4,531


 
—


 
4,531


Comprehensive income:
 
 
 
 


Net earnings
186,232


 
(5
)
 
186,227


Foreign currency translation adjustments, net of tax of $7,855
14,334


 
(141
)
 
14,193


Total comprehensive income
200,566


 
(146
)
 
200,420


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


 
(53,014
)
Balance at June 30, 2011
$
1,872,048


 
7,102


 
1,879,150


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


 
8,340


 
1,561,347


Exercise of stock options
23,240


 
—


 
23,240


Shares repurchased under provisions of stock repurchase plans
(71,668
)
 
—


 
(71,668
)
Stock compensation expense
22,201


 
—


 
22,201


Tax benefits from stock plans
8,119


 
—


 
8,119


Comprehensive income:
 
 
 
 
 
Net earnings
151,565


 
154


 
151,719


Foreign currency translation adjustments, net of tax of $9,681
(17,647
)
 
(106
)
 
(17,753
)
Total comprehensive income
133,918


 
48


 
133,966


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


 
(42,397
)
Balance at June 30, 2010
$
1,626,420


 
8,388


 
1,634,808




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.


The components of total comprehensive income for interim periods are as follows:
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2011
 
2010
 
2011
 
2010
Net earnings
$
95,020


 
$
90,409


 
$
186,227


 
$
151,719


Foreign currency translation adjustments, net of tax of $3,014 and $7,970 for the three months ended June 30, 2011 and 2010, and $7,855 and $9,681 for the six months ended June 30, 2011 and 2010
5,372


 
(14,621
)
 
14,193


 
(17,753
)
Comprehensive income
100,392


 
75,788


 
200,420


 
133,966


Less: comprehensive (loss) income attributable to the noncontrolling interest
(109
)
 
(1
)
 
(146
)
 
48


Comprehensive income attributable to shareholders
$
100,501


 
$
75,789


 
$
200,566


 
$
133,918