|
|
|
|
| |
  |
| |
 |
 |
 |
| |
In thousands except share data |
|
|
|
|
|
| |
December 31, |
|
2003 |
|
2002 |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
Current Assets: |
|
|
|
|
|
| |
Cash and cash equivalents |
$ |
295,832 |
|
211,859 |
|
| |
Short-term investments |
|
82 |
|
87 |
|
| |
Accounts receivable, less allowance for doubtful accounts |
|
|
|
|
|
| |
|
of $11,978 in 2003 and $12,135 in 2002 |
|
448,324 |
|
385,864 |
|
| |
Other |
|
17,941 |
|
7,676 |
|
|
|
| |
|
Total current assets |
|
762,179 |
|
605,486 |
|
|
|
| |
|
|
|
|
|
|
| |
Property and Equipment: |
|
|
|
|
|
| |
Buildings and leasehold improvements |
|
129,325 |
|
112,512 |
|
| |
Furniture, fixtures, equipment and purchased software |
|
138,154 |
|
120,487 |
|
| |
Vehicles |
|
4,281 |
|
3,514 |
|
|
|
| |
|
|
271,760 |
|
236,513 |
|
| |
Less accumulated depreciation and amortization |
|
140,066 |
|
113,683 |
|
|
|
| |
|
|
131,694 |
|
122,830 |
|
| |
Land |
|
110,008 |
|
82,136 |
|
|
|
| |
Net property and equipment |
|
241,702 |
|
204,966 |
|
| |
Goodwill, net |
|
7,774 |
|
5,299 |
|
| |
Other intangibles, net |
|
11,163 |
|
9,720 |
|
| |
Deferred Federal and state income taxes |
|
4,589 |
|
11,008 |
|
| |
Other assets, net |
|
13,440 |
|
43,469 |
|
|
|
| |
|
$ |
1,040,847 |
|
879,948 |
|
|
|
| |
|
|
|
|
|
|
| |
Current Liabilities: |
|
|
|
|
|
| |
Short-term debt |
$ |
217 |
|
1,319 |
|
| |
Accounts payable |
|
296,895 |
|
248,302 |
|
| |
Accrued expenses, primarily salaries and related costs |
|
74,905 |
|
78,277 |
|
| |
Deferred Federal and state income taxes |
|
9,964 |
|
9,678 |
|
| |
Federal, state, and foreign income taxes |
|
10,141 |
|
16,990 |
|
|
|
| |
|
Total current liabilities |
|
392,122 |
|
354,566 |
|
|
|
| |
|
|
|
|
|
|
| |
Minority interest |
|
3,224 |
|
1,570 |
|
| |
|
|
|
|
|
|
| |
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 105,056,454 shares |
|
|
|
|
|
| |
|
at December 31, 2003 and 104,220,940 shares |
|
|
|
|
|
| |
|
at December 31, 2002 |
|
1,051 |
|
1,042 |
|
| |
Additional paid-in capital |
|
25,491 |
|
21,701 |
|
| |
Retained earnings |
|
617,216 |
|
512,036 |
|
| |
Accumulated other comprehensive income (loss) |
|
1,743 |
|
(10,967 |
) |
|
|
| |
|
Total shareholders‘ equity |
|
645,501 |
|
523,812 |
|
|
|
| |
|
|
|
|
|
|
| |
Commitments and contingencies |
|
|
|
|
|
| |
|
$ |
1,040,847 |
|
879,948 |
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
See accompanying notes to consolidated financial statements. |
| |
|
| |
Certain 2002 amounts have been reclassified to conform to the
2003 presentation. |
|
|
|
|
 |
|
