In thousands
except share data
|
|
 |
|
December 31, |
2002 |
|
 |
|
2001 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
 |
|
|
|
| Current Assets: |
|
|
|
|
|
|
| Cash and cash equivalents |
$ |
211,859 |
|
|
218,677 |
|
| Short-term investments |
|
87 |
|
|
57 |
|
| Accounts receivable, less allowance for doubtful |
|
|
|
|
|
|
| |
accounts of $12,135 in 2002 and $10,410 in 2001 |
|
385,864 |
|
|
283,414 |
|
| Other |
|
7,676 |
|
|
9,109 |
|
|
|
|
|
|
|
|
| |
Total current assets |
|
605,486 |
|
|
511,257 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Property and Equipment: |
|
|
|
|
|
|
| Buildings and leasehold improvements |
|
112,512 |
|
|
89,179 |
|
| Furniture, fixtures, equipment and purchased software |
|
120,487 |
|
|
111,585 |
|
| Vehicles |
|
3,514 |
|
|
3,685 |
|
|
|
|
|
|
|
|
| |
|
236,513 |
|
|
204,449 |
|
| Less accumulated depreciation and amortization |
|
113,683 |
|
|
100,611 |
|
|
|
|
|
|
|
|
| |
|
122,830 |
|
|
103,838 |
|
| Land |
|
82,136 |
|
|
20,007 |
|
|
|
|
|
|
|
|
| Net property and equipment |
|
204,966 |
|
|
123,845 |
|
| Goodwill, net |
|
5,299 |
|
|
5,299 |
|
| Deferred Federal and state income taxes |
|
11,008 |
|
|
12,156 |
|
| Other assets, net |
|
53,189 |
|
|
35,880 |
|
|
|
|
|
|
|
|
| |
$ |
879,948 |
|
|
688,437 |
|
| |
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
|
| Short-term debt |
$ |
1,319 |
|
|
1,706 |
|
| Accounts payable |
|
248,302 |
|
|
195,826 |
|
| Accrued expenses, primarily salaries and related costs |
|
79,847 |
|
|
59,843 |
|
| Deferred Federal and state income taxes |
|
9,678 |
|
|
7,651 |
|
| Federal, state, and foreign income taxes |
|
16,990 |
|
|
8,788 |
|
|
|
|
|
|
|
|
| |
Total current liabilities |
|
356,136 |
|
|
273,814 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Shareholders Equity: |
|
|
|
|
|
|
| Preferred stock, par value $.01 per share |
|
|
|
|
|
|
| |
Authorized 2,000,000 shares; none issued |
|
|
|
|
|
|
| Common stock, par value $.01 per share |
|
|
|
|
|
|
| |
Authorized 320,000,000 shares; |
|
|
|
|
|
|
| |
issued and outstanding 104,220,940 shares |
|
|
|
|
|
|
| |
at December 31, 2002 and 103,223,708 shares |
|
|
|
|
|
|
| |
at December 31, 2001 |
|
|
|
|
|
|
| |
|
1,042 |
|
|
1,032 |
|
| Additional paid-in capital |
|
21,701 |
|
|
15,588 |
|
| Retained earnings |
|
512,036 |
|
|
411,992 |
|
| Accumulated other comprehensive loss |
|
(10,967 |
) |
|
(13,989 |
) |
|
|
|
|
|
|
|
| |
|
Total shareholders equity |
|
523,812 |
|
|
414,623 |
|
|
|
|
|
|
|
|
| Commitments and contingencies |
|
|
|
|
|
|
| |
$ |
879,948 |
|
|
688,437 |
|
| |
|
|
|
|
|
|
Note: All share and per share amounts have been adjusted to reflect a 2-for-1 stock split effected in June 2002.
See accompanying notes to consolidated financial statements.
|