SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Tabular disclosure of advertising costs

Years ended December 31,	2021		2020		2019
(in thousands)
Advertising	$	91,879	$	86,314	$	81,174

Schedule of cash held in foreign banks accounts

At December 31,	2021		2020		2019
(in thousands) (in US dollars)
Cash held in foreign bank accounts	$	78,102	$	71,330	$	74,094

Schedule of depreciation expense

Years ended December 31,	2021		2020		2019
(in thousands)
Depreciation	$	40,592	$	40,623	$	36,646

Basic and diluted earnings per share

Years Ended December 31,	2021		2020		2019
Net income available to stockholders	$	350,687	$	260,824	$	203,347
Less dividends paid:
Common stock		(207,482)		(159,524)		(152,793)
Restricted shares of common stock		(1,174)		(963)		(1,042)
Undistributed earnings for the period	$	142,031	$	100,337	$	49,512
Allocation of undistributed earnings:
Common stock		141,224		99,676		49,144
Restricted shares of common stock		807		661		368
Basic and diluted shares outstanding:
Common stock		489,259		488,364		487,569
Restricted shares of common stock		2,795		3,240		3,647
		492,054		491,604		491,216
Basic and diluted earnings per share:
Common stock:
Distributed earnings	$	0.42	$	0.33	$	0.31
Undistributed earnings		0.29		0.20		0.10
	$	0.71	$	0.53	$	0.41
Restricted shares of common stock:
Distributed earnings	$	0.42	$	0.30	$	0.29
Undistributed earnings		0.29		0.20		0.10
	$	0.71	$	0.50	$	0.39