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

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Condensed Consolidating Balance Sheet

December 31, 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	$	62,836		$	10,745		$	21,130		—			$	94,711
Accounts receivable, net	116,821			287,230			22,848			—			426,899
Inventories	35,421			7,829			3			—			43,253
Prepaid expenses and other (including intercompany)	1,520,526			3,706,682			1,998			(5,192,617		)	36,589
Total current assets	1,735,604			4,012,486			45,979			(5,192,617		)	601,452
Property, plant and equipment, net	19,159			105,667			1,006			—			125,832
Goodwill	23,699			601,750			6,989			—			632,438
Other intangible assets, net	11,534			203,637			—			—			215,171
Investments	645,411			15,375			—			(658,355		)	2,431
Intercompany note receivable (payable)	364,921			(360,830		)	(4,091		)	—			—
Other assets	7,543			4,157			11			—			11,711
Total assets	$	2,807,871		$	4,582,242		$	49,894		$	(5,850,972	)	$	1,589,035

Liabilities and Stockholders’ Equity
Current liabilities:
Current portion, long-term debt	$	22,500		$	—		$	—		$	—		$	22,500
Accounts payable and intercompany payable	1,653,928			3,804,209			15,800			(5,192,617		)	281,320
Progress billings	16,459			7,758			15,378			—			39,595
Accrued expenses	61,741			38,878			6,848			—			107,467
Total current liabilities	1,754,628			3,850,845			38,026			(5,192,617		)	450,882
Long-term debt	565,061			—			—			—			565,061
Deferred income taxes	(4,131		)	65,398			(4,009		)	—			57,258
Other non-current liabilities	18,750			22,722			799			—			42,271
Total liabilities	2,334,308			3,938,965			34,816			(5,192,617		)	1,115,472
Stockholders’ equity	473,563			643,277			15,078			(658,355		)	473,563
Total liabilities and stockholders’ equity	$	2,807,871		$	4,582,242		$	49,894		$	(5,850,972	)	$	1,589,035

Consolidating Balance Sheet

December 31, 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	$	62,836		$	10,745		$	21,130		—			$	94,711
Accounts receivable, net	116,821			287,230			22,848			—			426,899
Inventories	35,421			7,829			3			—			43,253
Prepaid expenses and other (including intercompany)	1,520,526			3,706,682			1,998			(5,192,617		)	36,589
Total current assets	1,735,604			4,012,486			45,979			(5,192,617		)	601,452
Property, plant and equipment, net	19,159			105,667			1,006			—			125,832
Goodwill	23,699			601,750			6,989			—			632,438
Other intangible assets, net	11,534			203,637			—			—			215,171
Investments	645,411			15,375			—			(658,355		)	2,431
Intercompany note receivable (payable)	364,921			(360,830		)	(4,091		)	—			—
Other assets	7,543			4,157			11			—			11,711
Total assets	$	2,807,871		$	4,582,242		$	49,894		$	(5,850,972	)	$	1,589,035

Liabilities and Stockholders’ Equity
Current liabilities:
Current portion, long-term debt	$	22,500		$	—		$	—		$	—		$	22,500
Accounts payable and intercompany payable	1,653,928			3,804,209			15,800			(5,192,617		)	281,320
Progress billings	16,459			7,758			15,378			—			39,595
Accrued expenses	61,741			38,878			6,848			—			107,467
Total current liabilities	1,754,628			3,850,845			38,026			(5,192,617		)	450,882
Long-term debt	565,061			—			—			—			565,061
Deferred income taxes	(4,131		)	65,398			(4,009		)	—			57,258
Other non-current liabilities	18,750			22,722			799			—			42,271
Total liabilities	2,334,308			3,938,965			34,816			(5,192,617		)	1,115,472
Stockholders’ equity	473,563			643,277			15,078			(658,355		)	473,563
Total liabilities and stockholders’ equity	$	2,807,871		$	4,582,242		$	49,894		$	(5,850,972	)	$	1,589,035

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

Consolidating Statement of Comprehensive Income

Year Ended December 31, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	708,242		$	1,791,307		$	60,867		$	(398,332	)	$	2,162,084
Costs and expenses:
Cost of sales	594,732			1,175,245			46,425			(206,263		)	1,610,139
Selling, general and administrative	82,057			414,795			12,474			(192,069		)	317,257
Amortization expense	23			13,783			—			—			13,806
Goodwill impairment	7,585			—			—			—			7,585
Total costs and expenses	684,397			1,603,823			58,899			(398,332		)	1,948,787
Earnings from operations	23,845			187,484			1,968			—			213,297
Other expenses and income:
Interest expense, net	28,561			5			(105		)	—			28,461
Intercompany interest	(21,906		)	21,859			47			—			—
Other expenses (income), net	240			(871		)	601			—			(30		)
Total other expenses, net	6,895			20,993			543			—			28,431
Earnings before income taxes	16,950			166,491			1,425			—			184,866
Income tax expense (benefit)	(4,622		)	69,441			1,062			—			65,881
Equity in net earnings of subsidiaries	97,413			363			—			(97,776		)	—
Net earnings	$	118,985		$	97,413		$	363		$	(97,776	)	$	118,985
Other comprehensive income	799			1,496			1,496			(2,992		)	799
Comprehensive income	$	119,784		$	98,909		$	1,859		$	(100,768	)	$	119,784

Consolidating Statement of Comprehensive 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
Costs 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 expenses (income), net	(2,919		)	(4,657		)	194			—			(7,382		)
Total other expenses, net	22,500			21,355			405			—			44,260
Earnings (loss) 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
Other comprehensive loss	(524		)	(331		)	(331		)	662			(524		)
Comprehensive income	$	112,906		$	131,027		$	3,936		$	(134,963	)	$	112,906

Consolidating Statement of Comprehensive Income

Year Ended December 31, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	708,242		$	1,791,307		$	60,867		$	(398,332	)	$	2,162,084
Costs and expenses:
Cost of sales	594,732			1,175,245			46,425			(206,263		)	1,610,139
Selling, general and administrative	82,057			414,795			12,474			(192,069		)	317,257
Amortization expense	23			13,783			—			—			13,806
Goodwill impairment	7,585			—			—			—			7,585
Total costs and expenses	684,397			1,603,823			58,899			(398,332		)	1,948,787
Earnings from operations	23,845			187,484			1,968			—			213,297
Other expenses and income:
Interest expense, net	28,561			5			(105		)	—			28,461
Intercompany interest	(21,906		)	21,859			47			—			—
Other expenses (income), net	240			(871		)	601			—			(30		)
Total other expenses, net	6,895			20,993			543			—			28,431
Earnings before income taxes	16,950			166,491			1,425			—			184,866
Income tax expense (benefit)	(4,622		)	69,441			1,062			—			65,881
Equity in net earnings of subsidiaries	97,413			363			—			(97,776		)	—
Net earnings	$	118,985		$	97,413		$	363		$	(97,776	)	$	118,985
Other comprehensive income	799			1,496			1,496			(2,992		)	799
Comprehensive income	$	119,784		$	98,909		$	1,859		$	(100,768	)	$	119,784

Condensed Consolidating Statement of Comprehensive 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
Costs 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 expenses (income), net	(2,919		)	(4,657		)	194			—			(7,382		)
Total other expenses, net	22,500			21,355			405			—			44,260
Earnings (loss) 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
Other comprehensive loss	(524		)	(331		)	(331		)	662			(524		)
Comprehensive income	$	112,906		$	131,027		$	3,936		$	(134,963	)	$	112,906

Condensed Consolidating Statement of Comprehensive 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
Costs 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 (income), 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
Other comprehensive income	7,568			6			6			(12		)	7,568
Comprehensive income	$	392,973		$	93,988		$	4,412		$	(98,400	)	$	392,973

Condensed consolidating statement of cash flows

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2012

(in thousands of U.S. dollars)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by operating activities	$	47,942		$	95,691		$	2,406		$	—	$	146,039
Cash flows from investing activities:
Additions to property, plant and equipment	(6,388		)	(14,494		)	(312		)	—		(21,194		)
Digital acquisitions, net of cash acquired	—			(18,653		)	—			—		(18,653		)
Proceeds from sale of property, plant and equipment	250			5			6			—		261
Net cash used in investing activities	(6,138		)	(33,142		)	(306		)	—		(39,586		)
Cash flows from financing activities:
Cash provided by (used in) intercompany activity	67,305			(59,347		)	(7,958		)	—		—
Repayments of long-term debt	(15,000		)	—			—			—		(15,000		)
Repurchases of common stock	(111,962		)	—			—			—		(111,962		)
Proceeds from issuance of common stock	11,802			—			—			—		11,802
Net cash used in financing activities	(47,855		)	(59,347		)	(7,958		)	—		(115,160		)
Effect of exchange rate changes on cash and cash equivalents	—			—			1,447			—		1,447
Net increase (decrease) in cash and cash equivalents	(6,051		)	3,202			(4,411		)	—		(7,260		)
Cash and cash equivalents at beginning of period	68,887			7,543			25,541			—		101,971
Cash and cash equivalents at end of period	$	62,836		$	10,745		$	21,130		$	—	$	94,711

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 decrease in cash and cash equivalents	107,456			412			8,221			—		116,089
Cash and cash equivalents at beginning of period	104,477			7,614			17,755			—		129,846
Cash and cash equivalents at end of period	$	211,933		$	8,026		$	25,976		$	—	$	245,935