GUARANTOR AND NON-GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2011

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

December 31, 2011

(in thousands of U.S. dollars)

Assets	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Current assets:
Cash and cash equivalents	$	68,887		$	7,543		$	25,541		$	—		$	101,971
Accounts receivable, net		123,558			302,096			22,666			—			448,320
Inventories		32,159			8,958			3			—			41,120
Prepaid expenses and other (including intercompany)		1,157,263			1,993,450			23,217			(3,136,275	)		37,655
Total current assets		1,381,867			2,312,047			71,427			(3,136,275	)		629,066
Property, plant and equipment, net		24,790			122,565			1,550			—			148,905
Goodwill		23,584			605,898			6,989			—			636,471
Other intangible assets, net		11,558			202,055			—			—			213,613
Investments		547,366			21,385			—			(565,261	)		3,490
Intercompany note receivable (payable)		359,649			(333,683	)		(25,966	)		—			—
Other assets		9,710			5,271			(2,079	)		—			12,902
Total assets	$	2,358,524		$	2,935,538		$	51,921		$	(3,701,536	)	$	1,644,447
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion, long-term debt	$	15,000		$	—		$	—		$	—		$	15,000
Accounts payable and intercompany payable		1,210,296			2,246,381			13,976			(3,136,275	)		334,378
Progress billings		15,952			10,358			13,665			—			39,975
Accrued expenses		52,675			38,543			7,191			—			98,409
Total current liabilities		1,293,923			2,295,282			34,832			(3,136,275	)		487,762
Long-term debt		587,560			—			—			—			587,560
Deferred income taxes		(2,840	)		74,241			(3,997	)		—			67,404
Other non-current liabilities		30,347			20,887			953			—			52,187
Total liabilities		1,908,990			2,390,410			31,788			(3,136,275	)		1,194,913
Stockholders’ equity		449,534			545,128			20,133			(565,261	)		449,534
Total liabilities and stockholders’ equity	$	2,358,524		$	2,935,538		$	51,921		$	(3,701,536	)	$	1,644,447

Condensed Consolidating Balance Sheet

December 31, 2010

(in thousands of U.S. dollars)

Assets	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Current assets:
Cash and cash equivalents	$	211,933		$	8,026		$	25,976		$	—		$	245,935
Accounts receivable, net		175,115			259,001			25,836			—			459,952
Inventories		33,305			8,679			3			—			41,987
Prepaid expenses and other (including intercompany)		278,489			630,972			2,083			(872,887	)		38,657
Total current assets		698,842			906,678			53,898			(872,887	)		786,531
Property, plant and equipment, net		31,475			142,006			2,086			—			175,567
Goodwill		23,584			605,898			6,989			—			636,471
Other intangible assets, net		19,161			214,656			—			—			233,817
Investments		400,404			12,486			—			(409,744	)		3,146
Intercompany note receivable (payable)		479,365			(460,369	)		(18,996	)		—			—
Other assets		6,982			3,130			14			—			10,126
Total assets	$	1,659,813		$	1,424,485		$	43,991		$	(1,282,631	)	$	1,845,658
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion, long-term debt	$	7,058		$	—		$	—		$	—		$	7,058
Accounts payable and intercompany payable		323,277			866,614			12,598			(872,887	)		329,602
Progress billings		26,353			11,751			14,897			—			53,001
Accrued expenses		51,035			41,300			7,277			—			99,612
Total current liabilities		407,723			919,665			34,772			(872,887	)		489,273
Long-term debt		699,169			—			—			—			699,169
Deferred income taxes		(4,044	)		86,804			(3,996	)		—			78,764
Other non-current liabilities		28,081			19,575			1,912			—			49,568
Total liabilities		1,130,929			1,026,044			32,688			(872,887	)		1,316,774
Stockholders’ equity		528,884			398,441			11,303			(409,744	)		528,884
Total liabilities and stockholders’ equity	$	1,659,813		$	1,424,485		$	43,991		$	(1,282,631	)	$	1,845,658

Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income

Year Ended December 31, 2011

(in thousands of U.S. dollars)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	779,494		$	1,787,530		$	73,202		$	(404,267	)	$	2,235,959
Cost and expenses:
Cost of sales		667,389			1,153,832			52,458			(203,408	)		1,670,271
Selling, general and administrative		107,112			408,853			13,954			(200,859	)		329,060
Amortization expense		23			12,601			—			—			12,624
Total costs and expenses		774,524			1,575,286			66,412			(404,267	)		2,011,955
Earnings from operations		4,970			212,244			6,790			—			224,004
Other expenses and income:
Interest expense, net		35,432			—			(108	)		—			35,324
Intercompany interest		(26,331	)		26,012			319			—			—
Loss on extinguishment of debt		16,318			—			—			—			16,318
Other (income) expense, net		(2,919	)		(4,657	)		194			—			(7,382	)
Total other expenses, net		22,500			21,355			405			—			44,260
Earnings before income taxes		(17,530	)		190,889			6,385			—			179,744
Income tax expense		398			63,798			2,118			—			66,314
Equity in net earnings of subsidiaries		131,358			4,267			—			(135,625	)		—
Net earnings	$	113,430		$	131,358		$	4,267		$	(135,625	)	$	113,430

Condensed Consolidating Statement of Income

Year Ended December 31, 2010

(in thousands of U.S. dollars)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	946,595		$	1,596,392		$	70,498		$	(279,973	)	$	2,333,512
Cost and expenses:
Cost of sales		765,807			1,097,018			49,343			(187,562	)		1,724,606
Selling, general and administrative		153,294			295,677			14,704			(92,411	)		371,264
Amortization expense		23			12,601			—			—			12,624
Total costs and expenses		919,124			1,405,296			64,047			(279,973	)		2,108,494
Gain from litigation settlement, net		490,085			—			—			—			490,085
Earnings from operations		517,556			191,096			6,451			—			715,103
Other expenses and income:
Interest expense, net		64,315			3			(67	)		—			64,251
Intercompany interest		(56,786	)		56,553			233			—			—
Loss on extinguishment of debt		23,873			—			—			—			23,873
Other income, net		(2,217	)		(3,244	)		(215	)		—			(5,676	)
Total other expenses, net		29,185			53,312			(49	)		—			82,448
Earnings before income taxes		488,371			137,784			6,500			—			632,655
Income tax expense		196,948			48,208			2,094			—			247,250
Equity in net earnings of subsidiaries		93,982			4,406			—			(98,388	)		—
Net earnings	$	385,405		$	93,982		$	4,406		$	(98,388	)	$	385,405

Condensed Consolidating Statement of Income

Year Ended December 31, 2009

(in thousands of U.S. dollars)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	801,219		$	1,473,551		$	69,595		$	(100,117	)	$	2,244,248
Cost and expenses:
Cost of sales		632,619			1,111,526			49,624			(100,117	)		1,693,652
Selling, general and administrative		126,695			214,364			13,874			—			354,933
Amortization expense		23			12,601			—			—			12,624
Total costs and expenses		759,337			1,338,491			63,498			(100,117	)		2,061,209
Earnings from operations		41,882			135,060			6,097			—			183,039
Other expenses and income:
Interest expense, net		86,574			(12	)		(67	)		—			86,495
Intercompany interest		(69,556	)		69,241			315			—			—
Gain on extinguishment of debt		(10,028	)		—			—			—			(10,028	)
Other (income) expense, net		(1,931	)		(3,337	)		897			—			(4,371	)
Total other expenses, net		5,059			65,892			1,145			—			72,096
Earnings before income taxes		36,823			69,168			4,952			—			110,943
Income tax expense		18,430			24,506			1,239			—			44,175
Equity in net earnings of subsidiaries		48,375			3,713			—			(52,088	)		—
Net earnings	$	66,768		$	48,375		$	3,713		$	(52,088	)	$	66,768

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2011

(in thousands of U.S. dollars)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by operating activities	$	65,619		$	134,266		$	356		$	—	$	200,241
Cash flows from investing activities:
Additions to property, plant and equipment		(12,696	)		(8,793	)		(231	)		—		(21,720	)
Proceeds from sale of property, plant and equipment		66			134			—			—		200
Proceeds from sale of available-for-sale securities		1,494			—			—			—		1,494
Net cash used in investing activities		(11,136	)		(8,659	)		(231	)		—		(20,026	)
Cash flows from financing activities:
Cash provided by (used in) intercompany activity		126,090			(126,090	)		—			—		—
Borrowings of long-term debt		610,000			—			—			—		610,000
Repayments of long-term debt		(713,667	)		—			—			—		(713,667	)
Debt issuance costs		(11,695	)		—			—			—		(11,695	)
Repurchases of common stock		(215,071	)		—			—			—		(215,071	)
Proceeds from issuance of common stock		6,814			—			—			—		6,814
Net cash used in financing activities		(197,529	)		(126,090	)		—			—		(323,619	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(560	)		—		(560	)
Net decrease in cash and cash equivalents		(143,046	)		(483	)		(435	)		—		(143,964	)
Cash and cash equivalents at beginning of period		211,933			8,026			25,976			—		245,935
Cash and cash equivalents at end of period	$	68,887		$	7,543		$	25,541		$	—	$	101,971

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2010

(in thousands of U.S. dollars)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by operating activities	$	315,019		$	139,822		$	8,485		$	—	$	463,326
Cash flows from investing activities:
Additions to property, plant and equipment		(12,282	)		(14,064	)		(332	)		—		(26,678	)
Additions to intangible assets		(7,582	)		—			—			—		(7,582	)
Proceeds from sale of property, plant and equipment		99			—			—			—		99
Proceeds from sale of available-for-sale securities		465			—			—			—		465
Net cash used in investing activities		(19,300	)		(14,064	)		(332	)		—		(33,696	)
Cash flows from financing activities:
Cash provided by (used in) intercompany activity		125,346			(125,346	)		—			—		—
Repayments of long-term debt		(304,845	)		—			—			—		(304,845	)
Repurchases of common stock		(58,225	)		—			—			—		(58,225	)
Proceeds from issuance of common stock		49,461			—			—			—		49,461
Net cash used in financing activities		(188,263	)		(125,346	)		—			—		(313,609	)
Effect of exchange rate changes on cash and cash equivalents		—			—			68			—		68
Net increase in cash and cash equivalents		107,456			412			8,221			—		116,089
Cash and cash equivalents at beginning of year		104,477			7,614			17,755			—		129,846
Cash and cash equivalents at end of year	$	211,933		$	8,026		$	25,976		$	—	$	245,935

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2009

(in thousands of U.S. dollars)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided (used in) by operating activities	$	60,031		$	138,884		$	(1,502	)	$	—	$	197,413
Cash flows from investing activities:
Additions to property, plant and equipment		(7,321	)		(11,028	)		(755	)		—		(19,104	)
Proceeds from sales of property, plant and equipment		—			96			—			—		96
Net cash used in investing activities		(7,321	)		(10,932	)		(755	)		—		(19,008	)
Cash flows from financing activities:
Cash provided by (used in) intercompany activity		126,275			(126,275	)		—			—		—
Borrowings of long-term debt		20,000			—			—			—		20,000
Repayments of long-term debt		(200,134	)		—			—			—		(200,134	)
Debt issuance costs		(1,335	)		—			—			—		(1,335	)
Proceeds from issuance of common stock		4,520			—			—			—		4,520
Net cash used in financing activities		(50,674	)		(126,275	)		—			—		(176,949	)
Effect of exchange rate changes on cash and cash equivalents		—			—			1,834			—		1,834
Net increase (decrease) in cash and cash equivalents		2,036			1,677			(423	)		—		3,290
Cash and cash equivalents at beginning of the year		102,441			5,937			18,178			—		126,556
Cash and cash equivalents at end of the year	$	104,477		$	7,614		$	17,755		$	—	$	129,846