Adjustments To Previously Reported Amounts

9 Months Ended

Sep. 30, 2015

Accounting Changes And Error Corrections [Abstract]

Adjustments To Previously Reported Amounts

Note 15– Adjustments to Previously Reported Amounts

During the third quarter of 2015, management identified and recorded acorrection of an immaterial error related to the remeasurement of a foreign-currency-denominated receivable at one of the Company’s foreign locations. Management evaluated the materiality of the error from qualitative and quantitative perspectives and determined the error to be immaterial to the consolidated financial statements for the current and prior periods. The Company has revised its previously reported 2014 historical consolidated financial statements as published herein to reflect the correction of this immaterial error. The effect on certain line items in the December 31, 2014 condensed consolidated balance sheet was as follows:

		December 31, 2014
	(as previously
(in thousands)		reported)		(as revised)
Prepaids and other assets	$	30,453	$	29,018
Income taxes payable		5,470		5,450
Retained earnings	$	645,500	$	644,085

The effect on certain line items in the condensed consolidated statements of income as previously reported was as follows:

			Three Months Ended			Nine Months Ended
			September 30, 2014			September 30, 2014
		(as previously				(as previously
(in thousands)			reported)	(as revised)			reported)	(as revised)
Other expense		$	(1,105)	$	(1,359)	$	(980)	$	(1,517)
Income tax expense			3,695		3,691		12,355		12,346
Net income		$	17,156	$	16,906	$	58,431	$	57,903
Earnings per share:
	Basic	$	0.32	$	0.32	$	1.09	$	1.08
	Diluted	$	0.32	$	0.31	$	1.07	$	1.06

The effect on certain line items in the condensed consolidated statements of cash flows as previously reported was as follows:

		September 30, 2014
	(as previously
(in thousands)		reported)		(as revised)
Net cash provided by operations	$	113,905	$	113,368
Effect of exchange rate changes	$	(1,448)	$	(911)