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

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Dec. 31, 2011

Condensed consolidating balance sheet

Condensed Consolidating Balance Sheet

June 30, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Assets
Current assets:
Cash and cash equivalents	$	54,185		$	4,379		$	16,673		$	—		$	75,237
Accounts receivable, net	98,314			259,624			20,768			—			378,706
Inventories	22,968			7,395			3			—			30,366
Prepaid expenses and other (including intercompany)	1,253,998			2,744,699			1,451			(3,945,879		)	54,269
Total current assets	1,429,465			3,016,097			38,895			(3,945,879		)	538,578
Property, plant and equipment, net	20,184			116,763			1,123			—			138,070
Goodwill	23,699			598,198			6,989			—			628,886
Other intangible assets, net	11,546			213,120			—			—			224,666
Investments	615,571			15,328			—			(627,303		)	3,596
Intercompany note receivable (payable)	346,383			(342,912		)	(3,471		)	—			—
Other assets	8,721			2,881			14			—			11,616
Total assets	$	2,455,569		$	3,619,475		$	43,550		$	(4,573,182	)	$	1,545,412

Liabilities and Stockholders’ Equity
Current liabilities:
Current portion, long-term debt	$	15,000		$	—		$	—		$	—		$	15,000
Accounts payable and intercompany payable	1,324,569			2,865,584			12,798			(3,945,879		)	257,072
Progress billings	14,529			10,892			13,875						39,296
Accrued expenses	50,708			33,552			5,997						90,257
Total current liabilities	1,404,806			2,910,028			32,670			(3,945,879		)	401,625
Long-term debt	580,061			—			—			—			580,061
Deferred income taxes	(3,446		)	74,241			(3,997		)	—			66,798
Other non-current liabilities	30,243			22,314			466			—			53,023
Total liabilities	2,011,664			3,006,583			29,139			(3,945,879		)	1,101,507
Stockholders’ equity	443,905			612,892			14,411			(627,303		)	443,905
Total liabilities and stockholders’ equity	$	2,455,569		$	3,619,475		$	43,550		$	(4,573,182	)	$	1,545,412

Condensed Consolidating Balance Sheet

December 31, 2011

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Assets
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 statement of comprehensive income

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	171,537		$	457,664		$	14,504		$	(103,467	)	$	540,238
Costs and expenses:
Cost of sales	145,141			294,725			13,616			(49,755		)	403,727
Selling, general and administrative	33,439			100,689			3,107			(53,712		)	83,523
Amortization expense	5			3,151			—			—			3,156
Goodwill impairment	3,985			3,600			—			—			7,585
Total costs and expenses	182,570			402,165			16,723			(103,467		)	497,991
Earnings from operations	(11,033		)	55,499			(2,219		)	—			42,247
Other expenses and income:
Interest expense	6,755			—			—			—			6,755
Interest income	(38		)	—			(32		)	—			(70		)
Intercompany interest	(1,788		)	1,741			47			—			—
Other expenses (income), net	129			(107		)	(99		)	—			(77		)
Total other expenses (income), net	5,058			1,634			(84		)	—			6,608
Earnings before income taxes	(16,091		)	53,865			(2,135		)	—			35,639
Income tax expense	(5,005		)	18,548			389			—			13,932
Equity in net earnings of subsidiaries	32,793			(2,524		)	—			(30,269		)	—
Net earnings (loss)	$	21,707		$	32,793		$	(2,524	)	$	(30,269	)	$	21,707
Other comprehensive income (loss)	(372		)	203			203			(406		)	(372		)
Comprehensive income (loss)	$	21,335		$	32,996		$	(2,321	)	$	(30,675	)	$	21,335

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2011

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	200,589		$	444,629		$	20,281		$	(100,247	)	$	565,252
Costs and expenses:
Cost of sales	168,597			286,880			13,973			(51,410		)	418,040
Selling, general and administrative	21,461			104,561			3,646			(48,837		)	80,831
Amortization expense	5			3,150			—			—			3,155
Total costs and expenses	190,063			394,591			17,619			(100,247		)	502,026
Earnings from operations	10,526			50,038			2,662			—			63,226
Other expenses and income:
Interest expense	11,726			—			—			—			11,726
Interest income	(96		)	—			(26		)	—			(122		)
Intercompany interest	(3,157		)	2,995			162			—			—
Loss on extinguishment of debt	2,966			—			—			—			2,966
Other expenses (income), net	9			(1,481		)	36			—			(1,436		)
Total other expenses, net	11,448			1,514			172			—			13,134
Earnings (loss) before income taxes	(922		)	48,524			2,490			—			50,092
Income tax expense	241			18,844			755			—			19,840
Equity in net earnings of subsidiaries	31,415			1,735			—			(33,150		)	—
Net earnings	$	30,252		$	31,415		$	1,735		$	(33,150	)	$	30,252
Other comprehensive income (loss)	2,120			(58		)	(58		)	116			2,120
Comprehensive income	$	32,372		$	31,357		$	1,677		$	(33,034	)	$	32,372

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	171,537		$	457,664		$	14,504		$	(103,467	)	$	540,238
Costs and expenses:
Cost of sales	145,141			294,725			13,616			(49,755		)	403,727
Selling, general and administrative	33,439			100,689			3,107			(53,712		)	83,523
Amortization expense	5			3,151			—			—			3,156
Goodwill impairment	3,985			3,600			—			—			7,585
Total costs and expenses	182,570			402,165			16,723			(103,467		)	497,991
Earnings from operations	(11,033		)	55,499			(2,219		)	—			42,247
Other expenses and income:
Interest expense	6,755			—			—			—			6,755
Interest income	(38		)	—			(32		)	—			(70		)
Intercompany interest	(1,788		)	1,741			47			—			—
Other expenses (income), net	129			(107		)	(99		)	—			(77		)
Total other expenses (income), net	5,058			1,634			(84		)	—			6,608
Earnings before income taxes	(16,091		)	53,865			(2,135		)	—			35,639
Income tax expense	(5,005		)	18,548			389			—			13,932
Equity in net earnings of subsidiaries	32,793			(2,524		)	—			(30,269		)	—
Net earnings (loss)	$	21,707		$	32,793		$	(2,524	)	$	(30,269	)	$	21,707
Other comprehensive income (loss)	(372		)	203			203			(406		)	(372		)
Comprehensive income (loss)	$	21,335		$	32,996		$	(2,321	)	$	(30,675	)	$	21,335

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2011

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	200,589		$	444,629		$	20,281		$	(100,247	)	$	565,252
Costs and expenses:
Cost of sales	168,597			286,880			13,973			(51,410		)	418,040
Selling, general and administrative	21,461			104,561			3,646			(48,837		)	80,831
Amortization expense	5			3,150			—			—			3,155
Total costs and expenses	190,063			394,591			17,619			(100,247		)	502,026
Earnings from operations	10,526			50,038			2,662			—			63,226
Other expenses and income:
Interest expense	11,726			—			—			—			11,726
Interest income	(96		)	—			(26		)	—			(122		)
Intercompany interest	(3,157		)	2,995			162			—			—
Loss on extinguishment of debt	2,966			—			—			—			2,966
Other expenses (income), net	9			(1,481		)	36			—			(1,436		)
Total other expenses, net	11,448			1,514			172			—			13,134
Earnings (loss) before income taxes	(922		)	48,524			2,490			—			50,092
Income tax expense	241			18,844			755			—			19,840
Equity in net earnings of subsidiaries	31,415			1,735			—			(33,150		)	—
Net earnings	$	30,252		$	31,415		$	1,735		$	(33,150	)	$	30,252
Other comprehensive income (loss)	2,120			(58		)	(58		)	116			2,120
Comprehensive income	$	32,372		$	31,357		$	1,677		$	(33,034	)	$	32,372

Condensed Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	342,828		$	887,678		$	31,886		$	(203,569	)	$	1,058,823
Costs and expenses:
Cost of sales	290,283			577,820			25,544			(101,026		)	792,621
Selling, general and administrative	53,809			203,483			6,391			(102,543		)	161,140
Amortization expense	11			6,301			—			—			6,312
Goodwill impairment	3,985			3,600			—			—			7,585
Total costs and expenses	348,088			791,204			31,935			(203,569		)	967,658
Earnings from operations	(5,260		)	96,474			(49		)	—			91,165
Other expenses and income:
Interest expense	13,809			—			—			—			13,809
Interest income	(60		)	—			(68		)	—			(128		)
Intercompany interest	(10,755		)	10,708			47			—			—
Other income, net	(15		)	(723		)	(36		)	—			(774		)
Total other expenses (income), net	2,979			9,985			(57		)	—			12,907
Earnings (loss) before income taxes	(8,239		)	86,489			8			—			78,258
Income tax expense (benefit)	(2,587		)	31,908			809			—			30,130
Equity in net earnings (loss) of subsidiaries	53,780			(801		)	—			(52,979		)	—
Net earnings (loss)	$	48,128		$	53,780		$	(801	)	$	(52,979	)	$	48,128
Other comprehensive income (loss)	(426		)	553			553			(1,106		)	(426		)
Comprehensive income (loss)	$	47,702		$	54,333		$	(248	)	$	(54,085	)	$	47,702

Condensed Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2011

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	398,755		$	873,897		$	37,650		$	(198,071	)	$	1,112,231
Costs and expenses:
Cost of sales	334,934			564,712			26,292			(99,321		)	826,617
Selling, general and administrative	45,975			204,939			7,094			(98,750		)	159,258
Amortization expense	11			6,300			—			—			6,311
Total costs and expenses	380,920			775,951			33,386			(198,071		)	992,186
Earnings from operations	17,835			97,946			4,264			—			120,045
Other expenses and income:
Interest expense	21,501			—			—			—			21,501
Interest income	(214		)	—			(47		)	—			(261		)
Intercompany interest	(14,354		)	14,192			162			—			—
Loss on extinguishment of debt	16,318			—			—			—			16,318
Other expenses (income), net	(218		)	(2,270		)	176			—			(2,312		)
Total other expenses, net	23,033			11,922			291			—			35,246
Earnings (loss) before income taxes	(5,198		)	86,024			3,973			—			84,799
Income tax expense	566			31,308			1,262			—			33,136
Equity in net earnings of subsidiaries	57,427			2,711			—			(60,138		)	—
Net earnings	$	51,663		$	57,427		$	2,711		$	(60,138	)	$	51,663
Other comprehensive income	3,477			807			807			(1,614		)	3,477
Comprehensive income	$	55,140		$	58,234		$	3,518		$	(61,752	)	$	55,140

Condensed consolidating statement of cash flows

Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by (used in) operating activities	$	113,898		$	(34,935	)	$	(9,160	)	$	—	$	69,803
Cash flows from investing activities:
Additions to property, plant and equipment	(3,419		)	(8,164		)	(187		)	—		(11,770		)
Digital acquisitions, net of cash acquired	—			(18,362		)	—			—		(18,362		)
Proceeds from sale of property, plant and equipment	211			—			6			—		217
Net cash used in investing activities	(3,208		)	(26,526		)	(181		)	—		(29,915		)
Cash flows from financing activities:
Cash provided by (used in) intercompany activity	(58,297		)	58,297			—			—		—
Repayments of long-term debt	(7,500		)	—			—			—		(7,500		)
Repurchases of common stock	(65,900		)	—			—			—		(65,900		)
Proceeds from issuance of common stock	6,305			—			—			—		6,305
Net cash provided by (used in) by financing activities	(125,392		)	58,297			—			—		(67,095		)
Effect of exchange rate changes on cash and cash equivalents	—			—			473			—		473
Net decrease in cash and cash equivalents	(14,702		)	(3,164		)	(8,868		)	—		(26,734		)
Cash and cash equivalents at beginning of period	68,887			7,543			25,541			—		101,971
Cash and cash equivalents at end of period	$	54,185		$	4,379		$	16,673		$	—	$	75,237

Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2011

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by (used in) operating activities	$	134,756		$	(45,665	)	$	1,942		$	—	$	91,033
Cash flows from investing activities:
Additions to property, plant and equipment	(7,124		)	(4,428		)	(74		)	—		(11,626		)
Proceeds from sale of property, plant and equipment	20			—			—			—		20
Proceeds from sale of available-for-sale securities	1,494			—			—			—		1,494
Net cash used in investing activities	(5,610		)	(4,428		)	(74		)	—		(10,112		)
Cash flows from financing activities:
Cash provided by (used in) intercompany activity	(47,547		)	47,547			—			—		—
Borrowings of long-term debt	610,000			—			—			—		610,000
Repayments of long-term debt	(706,169		)	—			—			—		(706,169		)
Debt issuance costs	(11,266		)	—			—			—		(11,266		)
Repurchases of common stock	(105,856		)	—			—			—		(105,856		)
Proceeds from issuance of common stock	4,672			—			—			—		4,672
Net cash provided by (used in) financing activities	(256,166		)	47,547			—			—		(208,619		)
Effect of exchange rate changes on cash and cash equivalents	—			—			725			—		725
Net increase (decrease) in cash and cash equivalents	(127,020		)	(2,546		)	2,593			—		(126,973		)
Cash and cash equivalents at beginning of period	211,933			8,026			25,976			—		245,935
Cash and cash equivalents at end of period	$	84,913		$	5,480		$	28,569		$	—	$	118,962