XML 101 R82.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental guarantor financial information (Condensed consolidating statements of income) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Condensed Consolidating Statement of Income [Abstract]                      
Revenue $ 366,426 $ 355,144 $ 346,274 $ 349,752 $ 351,488 $ 367,633 $ 347,996 $ 335,120 $ 1,417,596 $ 1,402,237 $ 1,344,195
Total cost of goods sold                 493,402 488,419 504,782
Gross Profit 236,512 [1] 232,506 [2] 225,587 [3] 229,589 [4] 224,805 [5] 246,200 [6] 226,056 [7] 216,757 [8] 924,194 913,818 839,413
Selling, general and administrative expense, including net restructuring charges                 652,050 632,274 623,924
Asset impairment charges 1,196               1,196 0 24,900
Net gain on sale of facility                 (110) 0 0
Operating Income                 271,058 281,544 190,589
(Loss) gain on early extinguishment of debt                 (6,995) 0 9,834
Interest expense                 (47,797) (44,165) (46,280)
Other (expense) income                 (182) (1,430) 878
Income Before Income Taxes                 216,084 235,949 155,021
Income tax (benefit) provision                 71,489 82,554 55,656
(Loss) Income From Continuing Operations Before Equity In Earnings Of Consolidated Subsidiaries                 144,595 153,395 99,365
Equity In Earnings Of Consolidated Subsidiaries                 0 0 0
Income From Continuing Operations                 144,595 153,395 99,365
Net Loss From Discontinued Operations                 0 (771) 0
Net Income 39,831 [1] 36,735 [2] 35,473 [3] 32,556 [4] 34,826 [5] 50,800 [6] 33,614 [7] 33,384 [8] 144,595 152,624 99,365
Deluxe Corporation [Member]
                     
Condensed Consolidating Statement of Income [Abstract]                      
Revenue                 9,409 9,145 24,184
Total cost of goods sold                 0 0 0
Gross Profit                 9,409 9,145 24,184
Selling, general and administrative expense, including net restructuring charges                 9,323 5,663 8,816
Asset impairment charges                     0
Operating Income                 86 3,482 15,368
(Loss) gain on early extinguishment of debt                 (6,995)   9,834
Interest expense                 (47,629) (44,061) (46,166)
Other (expense) income                 8,534 4,992 3,398
Income Before Income Taxes                 (46,004) (35,587) (17,566)
Income tax (benefit) provision                 (22,143) (16,952) (13,685)
(Loss) Income From Continuing Operations Before Equity In Earnings Of Consolidated Subsidiaries                 (23,861) (18,635) (3,881)
Equity In Earnings Of Consolidated Subsidiaries                 168,456 171,259 103,246
Income From Continuing Operations                 144,595 152,624 99,365
Net Loss From Discontinued Operations                 0 0 0
Net Income                 144,595 152,624 99,365
Guarantor Subsidiaries [Member]
                     
Condensed Consolidating Statement of Income [Abstract]                      
Revenue                 1,276,898 1,270,480 1,209,475
Total cost of goods sold                 459,119 454,374 470,835
Gross Profit                 817,779 816,106 738,640
Selling, general and administrative expense, including net restructuring charges                 569,957 551,519 541,135
Asset impairment charges                     24,900
Operating Income                 246,736 264,587 172,605
(Loss) gain on early extinguishment of debt                     0
Interest expense                 (8,561) (6,365) (4,091)
Other (expense) income                 907 (58) 885
Income Before Income Taxes                 239,082 258,164 169,399
Income tax (benefit) provision                 86,489 92,691 68,203
(Loss) Income From Continuing Operations Before Equity In Earnings Of Consolidated Subsidiaries                 152,593 165,473 101,196
Equity In Earnings Of Consolidated Subsidiaries                 15,863 6,557 2,050
Income From Continuing Operations                 168,456 172,030 103,246
Net Loss From Discontinued Operations                 0 (771) 0
Net Income                 168,456 171,259 103,246
Non-Guarantor Subsidiaries [Member]
                     
Condensed Consolidating Statement of Income [Abstract]                      
Revenue                 272,994 270,279 271,367
Total cost of goods sold                 159,589 162,473 167,635
Gross Profit                 113,405 107,806 103,732
Selling, general and administrative expense, including net restructuring charges                 89,169 94,331 101,116
Asset impairment charges                     0
Operating Income                 24,236 13,475 2,616
(Loss) gain on early extinguishment of debt                     0
Interest expense                 (1,190) (930) (768)
Other (expense) income                 (40) 827 1,340
Income Before Income Taxes                 23,006 13,372 3,188
Income tax (benefit) provision                 7,143 6,815 1,138
(Loss) Income From Continuing Operations Before Equity In Earnings Of Consolidated Subsidiaries                 15,863 6,557 2,050
Equity In Earnings Of Consolidated Subsidiaries                 0 0 0
Income From Continuing Operations                 15,863 6,557 2,050
Net Loss From Discontinued Operations                 0 0 0
Net Income                 15,863 6,557 2,050
Eliminations [Member]
                     
Condensed Consolidating Statement of Income [Abstract]                      
Revenue                 (141,705) (147,667) (160,831)
Total cost of goods sold                 (125,306) (128,428) (133,688)
Gross Profit                 (16,399) (19,239) (27,143)
Selling, general and administrative expense, including net restructuring charges                 (16,399) (19,239) (27,143)
Asset impairment charges                     0
Operating Income                 0 0 0
(Loss) gain on early extinguishment of debt                     0
Interest expense                 9,583 7,191 4,745
Other (expense) income                 (9,583) (7,191) (4,745)
Income Before Income Taxes                 0 0 0
Income tax (benefit) provision                 0 0 0
(Loss) Income From Continuing Operations Before Equity In Earnings Of Consolidated Subsidiaries                 0 0 0
Equity In Earnings Of Consolidated Subsidiaries                 (184,319) (177,816) (105,296)
Income From Continuing Operations                 (184,319) (177,816) (105,296)
Net Loss From Discontinued Operations                 0 0 0
Net Income                 $ (184,319) $ (177,816) $ (105,296)
[1] 2011 fourth quarter results included net pre-tax restructuring charges of $3,045 related to our cost reduction initiatives and an asset impairment charge of $1,196 related to a vacant facility which is held for sale.
[2] 2011 third quarter results included net pre-tax restructuring charges of $4,598 related to our cost reduction initiatives.
[3] 2011 second quarter results include net pre-tax restructuring charges of $4,604 related to our cost reduction initiatives.
[4] 2011 first quarter results include net pre-tax restructuring charges of $1,474 related to our cost reduction initiatives.
[5] 2010 fourth quarter results include net pre-tax restructuring charges of $7,754 related to our cost reduction initiatives.
[6] 2010 third quarter results include a $1,482 reduction in income tax expense for discrete items, primarily adjustments to accruals for uncertain tax positions.
[7] 2010 second quarter results include net pre-tax restructuring charges of $2,093 related to our cost reduction initiatives. Results also include a $1,384 reduction in income tax expense for discrete items, primarily reductions in accruals for uncertain tax positions.
[8] 2010 first quarter results include tax expense of $3,662 for discrete items, primarily the impact of recent health care legislation on deferred income taxes.