2014 Q4 Form 10-K Financial Statement

#000105628815000005 Filed on February 20, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $217.9M $214.7M $211.9M
YoY Change 1.46% -12.3% -11.16%
Cost Of Revenue $5.700M $9.200M $9.700M
YoY Change -38.04% 41.54% -222.78%
Gross Profit $212.1M $205.5M $202.2M
YoY Change 3.21% -13.76% -17.9%
Gross Profit Margin 97.36% 95.71% 95.44%
Selling, General & Admin $143.9M $139.9M $136.9M
YoY Change 2.86% -5.73% -7.75%
% of Gross Profit 67.85% 68.08% 67.71%
Research & Development $6.464M
YoY Change -1.04%
% of Gross Profit 3.2%
Depreciation & Amortization $2.700M $2.700M $2.700M
YoY Change 0.0% 8.0% 3.85%
% of Gross Profit 1.27% 1.31% 1.34%
Operating Expenses $150.5M $145.8M $6.464M
YoY Change 3.22% -5.39% -1.04%
Operating Profit $61.63M $59.76M $57.76M
YoY Change 3.14% -28.17% -35.85%
Interest Expense $500.0K $5.100M $3.900M
YoY Change -90.2% 537.5% 1850.0%
% of Operating Profit 0.81% 8.53% 6.75%
Other Income/Expense, Net $0.00 -$600.0K $788.0K
YoY Change -100.0% -80.65% 451.05%
Pretax Income $62.20M $64.20M $58.55M
YoY Change -3.12% -20.64% -35.08%
Income Tax $22.60M $22.00M $20.92M
% Of Pretax Income 36.33% 34.27% 35.73%
Net Earnings $39.61M $41.07M $37.70M
YoY Change -3.55% -17.16% -32.4%
Net Earnings / Revenue 18.18% 19.13% 17.8%
Basic Earnings Per Share
Diluted Earnings Per Share $393.6K $407.7K $374.4K
COMMON SHARES
Basic Shares Outstanding 100.7M shares
Diluted Shares Outstanding 100.7M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.3M $292.2M $350.5M
YoY Change 1.75% 12.99% 56.26%
Cash & Equivalents $115.3M $104.4M $78.26M
Short-Term Investments $182.1M $187.7M $272.3M
Other Short-Term Assets $3.821M $4.960M $5.190M
YoY Change -22.96% 14.6% 207.28%
Inventory
Prepaid Expenses $12.93M $12.86M $12.15M
Receivables $27.97M $29.32M $27.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $342.1M $339.3M $394.9M
YoY Change 0.81% 13.08% -4.63%
LONG-TERM ASSETS
Property, Plant & Equipment $38.64M $40.09M $41.00M
YoY Change -3.62% 3.02% 4.92%
Goodwill $658.8M $658.7M $649.0M
YoY Change 0.01% 1.53% 0.55%
Intangibles
YoY Change
Long-Term Investments $600.0K
YoY Change -91.3%
Other Assets $25.98M $21.05M $21.03M
YoY Change 23.44% -9.4% -20.88%
Total Long-Term Assets $798.5M $796.5M $788.2M
YoY Change 0.25% 0.82% -0.34%
TOTAL ASSETS
Total Short-Term Assets $342.1M $339.3M $394.9M
Total Long-Term Assets $798.5M $796.5M $788.2M
Total Assets $1.141B $1.136B $1.183B
YoY Change 0.42% 4.2% -1.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.90M $36.40M $40.70M
YoY Change -4.12% -19.65% -8.33%
Accrued Expenses $75.70M $70.30M $54.00M
YoY Change 7.68% 3.08% -3.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.50M $77.90M $60.20M
YoY Change -67.27% 83.29% 41.65%
Total Short-Term Liabilities $149.3M $214.2M $176.2M
YoY Change -30.29% 18.26% 5.99%
LONG-TERM LIABILITIES
Long-Term Debt $216.8M $198.3M $226.7M
YoY Change 9.33% -28.23% -20.98%
Other Long-Term Liabilities $20.25M $20.20M $22.78M
YoY Change 0.27% -31.15% -32.35%
Total Long-Term Liabilities $377.8M $339.7M $366.5M
YoY Change 11.22% -16.11% -11.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.3M $214.2M $176.2M
Total Long-Term Liabilities $377.8M $339.7M $366.5M
Total Liabilities $527.2M $553.9M $542.7M
YoY Change -4.83% -5.49% -6.67%
SHAREHOLDERS EQUITY
Retained Earnings $505.4M $1.023B $1.018B
YoY Change -50.58% 3.87% -9.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $165.3M $751.2M $755.9M
YoY Change -78.0% -1.16% -1.85%
Treasury Stock Shares 4.587M shares 24.72M shares 24.92M shares
Shareholders Equity $609.5M $566.1M $550.2M
YoY Change
Total Liabilities & Shareholders Equity $1.141B $1.136B $1.183B
YoY Change 0.42% 4.2% -1.82%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $39.61M $41.07M $37.70M
YoY Change -3.55% -17.16% -32.4%
Depreciation, Depletion And Amortization $2.700M $2.700M $2.700M
YoY Change 0.0% 8.0% 3.85%
Cash From Operating Activities $80.80M $138.8M $54.70M
YoY Change -41.79% 81.68% -65.07%
INVESTING ACTIVITIES
Capital Expenditures -$4.600M -$1.500M -$2.800M
YoY Change 206.67% -31.82% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$2.100M $10.80M -$33.30M
YoY Change -119.44% 350.0% 113.46%
Cash From Investing Activities -$6.600M $9.300M -$36.10M
YoY Change -170.97% 4550.0% 95.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -49.30M -121.9M -27.70M
YoY Change -59.56% -36.68% -30.58%
NET CHANGE
Cash From Operating Activities 80.80M 138.8M 54.70M
Cash From Investing Activities -6.600M 9.300M -36.10M
Cash From Financing Activities -49.30M -121.9M -27.70M
Net Change In Cash 24.90M 26.20M -9.100M
YoY Change -4.96% -122.61% -109.27%
FREE CASH FLOW
Cash From Operating Activities $80.80M $138.8M $54.70M
Capital Expenditures -$4.600M -$1.500M -$2.800M
Free Cash Flow $85.40M $140.3M $57.50M
YoY Change -39.13% 78.5% -63.93%

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54791000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57430000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
8612000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2937000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1208000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1662000 USD
CY2012 us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
225529000 USD
CY2013 us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
222487000 USD
CY2014 us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
213136000 USD
CY2012 us-gaap Advertising Expense
AdvertisingExpense
2700000 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
2900000 USD
CY2014 us-gaap Advertising Expense
AdvertisingExpense
2200000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
59000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34000 USD
CY2012 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
7465000 USD
CY2013 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
9153000 USD
CY2014 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
12699000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2600000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000 USD
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
247000 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
43000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27000 shares
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3000000 USD
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3731000 USD
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2013Q4 us-gaap Assets
Assets
1135797000 USD
CY2014Q4 us-gaap Assets
Assets
1140519000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
339318000 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
342055000 USD
CY2013Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
292337000 USD
CY2014Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
297383000 USD
CY2013Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
796479000 USD
CY2014Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
798464000 USD
CY2013 us-gaap Available For Sale Equity Securities Gross Unrealized Gain
AvailableForSaleEquitySecuritiesGrossUnrealizedGain
3209000 USD
CY2014 us-gaap Available For Sale Equity Securities Gross Unrealized Gain
AvailableForSaleEquitySecuritiesGrossUnrealizedGain
1326000 USD
CY2013 us-gaap Available For Sale Equity Securities Gross Unrealized Loss
AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
-605000 USD
CY2014 us-gaap Available For Sale Equity Securities Gross Unrealized Loss
AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
-3104000 USD
CY2013Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
129413000 USD
CY2014Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
143190000 USD
CY2013Q4 us-gaap Available For Sale Securities Equity Securities Current
AvailableForSaleSecuritiesEquitySecuritiesCurrent
126809000 USD
CY2014Q4 us-gaap Available For Sale Securities Equity Securities Current
AvailableForSaleSecuritiesEquitySecuritiesCurrent
144968000 USD
CY2012 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
793000 USD
CY2013 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
941000 USD
CY2014 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1589000 USD
CY2013Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
6489000 USD
CY2014Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1909000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49273000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
67585000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104443000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
115267000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
104443000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
115267000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
18312000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
36858000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10824000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.47
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.98
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.00
CY2012 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
25716000 USD
CY2013 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
25801000 USD
CY2014 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
25794000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
193763000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
163906000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
148782000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
9472000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3120000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-23000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
203088000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
173855000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
149368000 USD
CY2012 us-gaap Cost Of Services Depreciation
CostOfServicesDepreciation
8100000 USD
CY2013 us-gaap Cost Of Services Depreciation
CostOfServicesDepreciation
9100000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
633113000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
626622000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
67916000 USD
CY2014 us-gaap Cost Of Services Depreciation
CostOfServicesDepreciation
10000000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7430000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6849000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4574000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
621301000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
78422000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
66408000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
63266000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
190000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
76000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
85858000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
73447000 USD
CY2013Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.03646
CY2014Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.02462
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
23143000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
18220000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20497000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-354000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
201000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
25025000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19213000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
21614000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1878000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1347000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
916000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
35586000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
36325000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
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-118415000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-138625000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
18857000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
19101000 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17017000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17620000 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5729000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5206000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
12840000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
13499000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16729000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17224000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
137272000 USD
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.79
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.41
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.39
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
157726000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
112923000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
134841000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
121203000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
140849000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3755000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1604000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
8770000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
8319000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4200000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4400000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4600000 USD
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10445000 USD
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10435000 USD
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10704000 USD
CY2014Q4 us-gaap Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
127500000 USD
CY2014Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.03521
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.36
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.39
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.55
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.34
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.36
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.38
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.42
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.359
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.358
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.374
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2012 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.012
CY2013 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.004
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.010
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.013
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
70272000 USD
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
75661000 USD
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
72000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P6Y
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7600000 USD
CY2013Q4 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
600000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2974000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7700000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8100000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
3700000 USD
CY2012Q4 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
3000000 USD
CY2013Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
3100000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40326000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1973000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2666000 USD
CY2013Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
100000 USD
CY2014Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
35000 USD
CY2013Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
300000 USD
CY2014Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
100000 USD
CY2012 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
11799000 USD
CY2013 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
12610000 USD
CY2014 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
10902000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42453000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1400000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
500000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
600000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
600000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48560000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
44466000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6107000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4140000 USD
CY2014 us-gaap Finite Lived Intangible Assets Period Increase Decrease
FiniteLivedIntangibleAssetsPeriodIncreaseDecrease
-4100000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5093000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
14950000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
6514000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
658743000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
658837000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
308511000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
259015000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
239352000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110883000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
92660000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89530000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
79817000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
72196000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
66733000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7727000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-9698000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
709000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4543000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6853000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
6250000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3578000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1675000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-136000 USD
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2552000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
4906000 USD
CY2014 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1821000 USD
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CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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us-gaap Insurance Recoveries
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20200000 USD
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CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2013 us-gaap Interest And Debt Expense
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CY2013 us-gaap Interest Paid Net
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CY2014 us-gaap Interest Paid Net
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7300000 USD
CY2013 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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6500000 USD
CY2014 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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4700000 USD
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425000 USD
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
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CY2014Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
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425000 USD
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6590000 USD
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P5Y
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553936000 USD
CY2014Q4 us-gaap Liabilities
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527170000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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1135797000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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1140519000 USD
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214205000 USD
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149321000 USD
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12670000 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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4313000 USD
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339731000 USD
CY2014Q4 us-gaap Liabilities Noncurrent
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377849000 USD
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200000000 USD
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200000000 USD
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255000000 USD
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276250000 USD
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242250000 USD
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77917000 USD
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25500000 USD
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25500000 USD
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110000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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55800000 USD
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25500000 USD
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25500000 USD
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216750000 USD
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37000000 USD
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6911000 USD
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16986000 USD
CY2014 us-gaap Marketable Securities Gain Loss
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4972000 USD
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13413000 USD
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15094000 USD
CY2014 us-gaap Marketing And Advertising Expense
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13330000 USD
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225000 USD
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158000 USD
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0.495
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0.505
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11375000 USD
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260972000 USD
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586000 USD
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179688000 USD
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156112000 USD
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143413000 USD
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179688000 USD
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156112000 USD
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143413000 USD
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253445000 USD
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212901000 USD
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CY2013 us-gaap Nonoperating Income Expense
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7272000 USD
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1403000 USD
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24828000 USD
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26301000 USD
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29968000 USD
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57758000 USD
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59758000 USD
CY2013 us-gaap Operating Income Loss
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251743000 USD
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12800000 USD
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12700000 USD
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12700000 USD
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13200000 USD
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48700000 USD
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11500000 USD
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11800000 USD
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14800000 USD
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45000 USD
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
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5339000 USD
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0 USD
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5460000 USD
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7500000 USD
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5675000 USD
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1729000 USD
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-454000 USD
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2020000 USD
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6237000 USD
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2624000 USD
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4179000 USD
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25494000 USD
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OtherIncome
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1120000 USD
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1979000 USD
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20195000 USD
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20250000 USD
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CY2013 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2013 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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CY2014 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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2100000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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6633000 USD
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12995000 USD
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27239000 USD
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104840000 USD
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256750000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
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102515000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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14064000 USD
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8524000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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9697000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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8675000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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10316000 USD
CY2012 us-gaap Payments To Acquire Available For Sale Securities
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58284000 USD
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91866000 USD
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84988000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8850000 USD
CY2012 us-gaap Payments To Minority Shareholders
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21460000 USD
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88682000 USD
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12402000 USD
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12860000 USD
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12931000 USD
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1604000 USD
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108595000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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87117000 USD
CY2012 us-gaap Professional Fees
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37082000 USD
CY2014 us-gaap Professional Fees
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30216000 USD
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3840000 USD
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503000 USD
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15517000 USD
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3697000 USD
CY2012 us-gaap Repayments Of Bank Debt
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42500000 USD
CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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1545000 USD
CY2013 us-gaap Proceeds From Minority Shareholders
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21671000 USD
CY2014 us-gaap Proceeds From Minority Shareholders
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12129000 USD
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CY2013 us-gaap Proceeds From Payments For Other Financing Activities
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-500000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
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CY2012 us-gaap Proceeds From Payments For Trading Securities
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66403000 USD
CY2013 us-gaap Proceeds From Payments For Trading Securities
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66246000 USD
CY2014 us-gaap Proceeds From Payments For Trading Securities
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-2580000 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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92398000 USD
CY2013 us-gaap Repayments Of Bank Debt
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42500000 USD
CY2014 us-gaap Repayments Of Bank Debt
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34000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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1022608000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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505394000 USD
CY2012 us-gaap Revenues
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CY2013Q1 us-gaap Revenues
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227972000 USD
CY2013Q2 us-gaap Revenues
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223806000 USD
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2046000 USD
CY2012 us-gaap Proceeds From Minority Shareholders
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14070000 USD
CY2013Q1 us-gaap Profit Loss
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44688000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
41861000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
37629000 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
42176000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
166355000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
35645000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
37314000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
37259000 USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
39605000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
149822000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
94879000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
96068000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40088000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38638000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4132374 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
30.42
CY2013Q3 us-gaap Revenues
Revenues
211866000 USD
CY2013Q4 us-gaap Revenues
Revenues
214722000 USD
CY2013 us-gaap Revenues
Revenues
878365000 USD
CY2014Q1 us-gaap Revenues
Revenues
211496000 USD
CY2014Q2 us-gaap Revenues
Revenues
212981000 USD
CY2014Q3 us-gaap Revenues
Revenues
216915000 USD
CY2014Q4 us-gaap Revenues
Revenues
217858000 USD
CY2014 us-gaap Revenues
Revenues
859250000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
20135000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
20560000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
21711000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
-20417 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.19
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1015273 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
989050 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1057981 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.06
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.25
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
27.43
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4290928 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
21.67
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.74
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-879010 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
14100000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
18500000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
24400000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
23.40
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
27100000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4100000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
36000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.81
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
30000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
-10500 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
100000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
52500 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.18
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.81
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
100000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
36000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
33.81
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.50
CY2013Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
21831000 USD
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y6M
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y6M
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-6000 shares
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22351000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
23617000 USD
CY2014Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
31393000 USD
CY2012 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-215000 USD
CY2013 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
5771000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
26308000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
566119000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
609494000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
542677000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
496676000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
566344000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
609652000 USD
CY2012 us-gaap Stockholders Equity Other
StockholdersEquityOther
12000 USD
CY2013 us-gaap Stockholders Equity Other
StockholdersEquityOther
-195000 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
58300000 USD
CY2014Q4 us-gaap Trading Securities
TradingSecurities
38900000 USD
CY2013Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
36491000 USD
CY2014Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
7488000 USD
CY2014 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
0 USD
CY2012 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
12838000 USD
CY2013 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
13671000 USD
CY2014 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
13219000 USD
CY2014 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
24715473 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4586809 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
751239000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
165258000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6334000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14186000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26881000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
0 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
25800000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
100000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
8900000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
6000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
40800000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
0 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1600000 USD
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
2700000 USD
CY2013Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
38400000 USD
CY2014Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
27700000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100313000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100669000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100723000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100313000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100668000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100721000 shares
CY2014 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">(r) Advertising Costs</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federated generally expenses the cost of all advertising and promotional activities as incurred. Certain printed matter, however, such as sales brochures, are accounted for as prepaid supplies and are included in </font><font style="font-family:inherit;font-size:10pt;">Other current assets</font><font style="font-family:inherit;font-size:10pt;"> on the Consolidated Balance Sheets until they are distributed or are no longer expected to be used, at which time their costs are expensed. Federated expensed advertising costs of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.2 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.7 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;">, respectively, which were included in </font><font style="font-family:inherit;font-size:10pt;">Advertising and promotional</font><font style="font-family:inherit;font-size:10pt;"> expense on the Consolidated Statements of Income.</font></div></div>
CY2014 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">(b) Basis of Presentation</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates, and such differences may be material to the Consolidated Financial Statements.</font></div></div>
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(b) Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 28, 2014, the FASB issued as final, ASU 2014-09, Revenue from Contracts with Customers (Topic 606) which supersedes virtually all existing revenue recognition guidance under GAAP. The update's core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The update is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2016 and prohibits early adoption. The update allows for the use of either the retrospective or modified retrospective approach of adoption. Management is currently evaluating the available transition methods and the potential impact of adoption on Federated's Consolidated Financial Statements. </font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(c) Consolidation</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February&#160;18, 2015, the FASB issued as final, ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, which affects reporting organizations that are required to evaluate whether they should consolidate certain legal entities. The update is effective for interim and annual reporting periods in fiscal years beginning after December&#160;15, 2015. Early adoption is permitted, including adoption in an interim period. The update allows for the use of either a full retrospective or a modified retrospective adoption approach. Management is currently evaluating the available transition methods and the potential impact of adoption on Federated's Consolidated Financial Statements.</font></div></div>
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">(a) Nature of Operations</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federated Investors, Inc. and its consolidated subsidiaries (collectively, Federated) provides investment advisory, administrative, distribution and other services primarily to the Federated Funds and Separate Accounts in both domestic and international markets. For presentation purposes in the Consolidated Financial Statements, the Federated-sponsored mutual funds are considered to be affiliates of Federated.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of Federated&#8217;s revenue is derived from investment advisory services provided to the Federated Funds and Separate Accounts through various subsidiaries pursuant to investment advisory contracts. These subsidiaries are registered as investment advisers under the Advisers Act or operate in similar capacities under applicable jurisdictional&#160;law.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federated's U.S.-domiciled mutual funds are distributed by a wholly owned subsidiary registered as a broker/dealer under the 1934 Act and under applicable state laws. Federated's non-U.S.-domiciled products are distributed by wholly owned subsidiaries and a third-party distribution firm which are registered under applicable jurisdictional law. Federated&#8217;s investment products are primarily distributed within the wealth management and trust, broker/dealer, institutional and international markets.</font></div></div>
CY2014 us-gaap Reclassifications
Reclassifications
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">(c) Reclassification of Prior Period Financial Statements</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items previously reported have been reclassified to conform with the current year&#8217;s presentation.</font></div></div>

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