GUARANTOR AND NON-GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)

6 Months Ended

Jun. 30, 2011

Condensed Consolidating Balance Sheet

June 30, 2011

(in thousands of U.S. dollars)


Assets	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Current assets:
Cash and cash equivalents	$	84,913		$	5,480	$	28,569		$	—		$	118,962
Accounts receivable, net		114,688			273,820		22,915			—			411,423
Inventories		30,941			8,275		3			—			39,219
Prepaid expenses and other (including intercompany)		1,008,120			1,047,338		1,712			(1,994,548	)		62,622

Total current assets		1,238,662			1,334,913		53,199			(1,994,548	)		632,226


Property, plant and equipment, net		26,154			134,415		1,830			—			162,399
Goodwill and other intangible assets, net		42,735			814,253		6,989			—			863,977
Investments		399,493			21,137		—			(417,566	)		3,064
Intercompany note receivable (payable)		(73,639	)		86,187		(12,548	)		—			—
Other assets		10,478			2,948		1,083			—			14,509

Total assets	$	1,643,883		$	2,393,853	$	50,553		$	(2,412,114	)	$	1,676,175


Liabilities and Stockholders’ Equity	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Current liabilities:
Current portion, long-term debt	$	15,000		$	—	$	—		$	—		$	15,000
Accounts payable and intercompany payable		464,676			1,840,636		9,429			(1,994,548	)		320,193
Progress billings		14,800			14,170		15,645			—			44,615
Accrued expenses		42,876			35,601		7,112			—			85,589

Total current liabilities		537,352			1,890,407		32,186			(1,994,548	)		465,397


Long-term debt		595,060			—		—			—			595,060
Deferred income taxes		(3,616	)		87,614		(3,995	)		—			80,003
Other non-current liabilities		25,202			18,377		2,251			—			45,830

Total liabilities		1,153,998			1,996,398		30,442			(1,994,548	)		1,186,290
Stockholders’ equity		489,885			397,455		20,111			(417,566	)		489,885

Total liabilities and stockholders’ equity	$	1,643,883		$	2,393,853	$	50,553		$	(2,412,114	)	$	1,676,175

Condensed Consolidating Balance Sheet

December 31, 2010

(in thousands of U.S. dollars)


Assets	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Current assets:
Cash and cash equivalents	$	211,933		$	8,026		$	25,976		$	—		$	245,935
Accounts receivable, net		175,115			259,001			25,836			—			459,952
Inventories		33,305			8,679			3			—			41,987
Prepaid expenses and other (including intercompany)		278,489			630,972			2,083			(872,887	)		38,657

Total current assets		698,842			906,678			53,898			(872,887	)		786,531


Property, plant and equipment, net		31,475			142,006			2,086			—			175,567
Goodwill and other intangible assets, net		42,745			820,554			6,989			—			870,288
Investments		400,404			12,486			—			(409,744	)		3,146
Intercompany note receivable (payable)		479,365			(460,369	)		(18,996	)		—			—
Other assets		6,982			3,130			14			—			10,126

Total assets	$	1,659,813		$	1,424,485		$	43,991		$	(1,282,631	)	$	1,845,658


Liabilities and Stockholders’ Equity	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Current liabilities:
Current portion, long-term debt	$	7,058		$	—		$	—		$	—		$	7,058
Accounts payable and intercompany payable		323,277			866,614			12,598			(872,887	)		329,602
Progress billings		26,353			11,751			14,897			—			53,001
Accrued expenses		51,035			41,300			7,277			—			99,612

Total current liabilities		407,723			919,665			34,772			(872,887	)		489,273


Long-term debt		699,169			—			—			—			699,169
Deferred income taxes		(4,044	)		86,804			(3,996	)		—			78,764
Other non-current liabilities		28,081			19,575			1,912			—			49,568

Total liabilities		1,130,929			1,026,044			32,688			(872,887	)		1,316,774
Stockholders’ equity		528,884			398,441			11,303			(409,744	)		528,884

Total liabilities and stockholders’ equity	$	1,659,813		$	1,424,485		$	43,991		$	(1,282,631	)	$	1,845,658

Condensed consolidating statement of income

Condensed Consolidating Statement of Income

Three Months Ended June 30, 2011

(in thousands of U.S. dollars)


	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	200,589		$	444,629		$	20,281		$	(100,247	)	$	565,252

Cost and expenses:
Cost of sales		168,597			286,880			13,973			(51,410	)		418,040
Selling, general and administrative		21,461			104,561			3,646			(48,837	)		80,831
Amortization expense		5			3,150			—			—			3,155

Total costs and expenses		190,063			394,591			17,619			(100,247	)		502,026

Earnings from operations		10,526			50,038			2,662			—			63,226


Other expenses and income:
Interest expense		11,726			—			—			—			11,726
Interest income		(96	)		—			(26	)		—			(122	)
Intercompany interest		(3,157	)		2,995			162			—			—
Loss on extinguishment of debt		2,966			—			—			—			2,966
Other income, net		9			(1,481	)		36			—			(1,436	)

Total other expenses, net		11,448			1,514			172			—			13,134

Earnings (loss) before income taxes		(922	)		48,524			2,490			—			50,092
Income tax expense		241			18,844			755			—			19,840
Equity in net earnings of subsidiaries		31,415			1,735			—			(33,150	)		—

Net earnings	$	30,252		$	31,415		$	1,735		$	(33,150	)	$	30,252

Condensed Consolidating Statement of Income

Three Months Ended June 30, 2010

(in thousands of U.S. dollars)


	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	210,345		$	375,691		$	19,016		$	(25,102	)	$	579,950

Cost and expenses:
Cost of sales		164,074			271,879			12,914			(25,102	)		423,765
Selling, general and administrative		36,274			52,619			3,770			—			92,663
Amortization expense		5			3,150			—			—			3,155

Total costs and expenses		200,353			327,648			16,684			(25,102	)		519,583

Earnings from operations		9,992			48,043			2,332			—			60,367


Other expenses and income:
Interest expense		17,837			—			—			—			17,837
Interest income		(230	)		1			(19	)		—			(248	)
Intercompany interest		(16,298	)		16,186			112			—			—
Loss on extinguishment of debt		23,873			—			—			—			23,873
Other income, net		280			(860	)		19			—			(561	)

Total other expenses (income), net		25,462			15,327			112			—			40,901

Earnings (loss) before income taxes		(15,470	)		32,716			2,220			—			19,466
Income tax (benefit) expense		(3,325	)		10,906			780			—			8,361
Equity in net earnings of subsidiaries		23,250			1,440			—			(24,690	)		—

Net earnings	$	11,105		$	23,250		$	1,440		$	(24,690	)	$	11,105

Condensed Consolidating Statement of Income

Six Months Ended June 30, 2011

(in thousands of U.S. dollars)


	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	398,755		$	873,897		$	37,650		$	(198,071	)	$	1,112,231

Cost and expenses:
Cost of sales		334,934			564,712			26,292			(99,321	)		826,617
Selling, general and administrative		45,975			204,939			7,094			(98,750	)		159,258
Amortization expense		11			6,300			—			—			6,311

Total costs and expenses		380,920			775,951			33,386			(198,071	)		992,186

Earnings from operations		17,835			97,946			4,264			—			120,045


Other expenses and income:
Interest expense		21,501			—			—			—			21,501
Interest income		(214	)		—			(47	)		—			(261	)
Intercompany interest		(14,354	)		14,192			162			—			—
Loss on extinguishment of debt		16,318			—			—			—			16,318
Other income, net		(218	)		(2,270	)		176			—			(2,312	)

Total other expenses, net		23,033			11,922			291			—			35,246

Earnings (loss) before income taxes		(5,198	)		86,024			3,973			—			84,799
Income tax expense		566			31,308			1,262			—			33,136
Equity in net earnings of subsidiaries		57,427			2,711			—			(60,138	)		—

Net earnings	$	51,663		$	57,427		$	2,711		$	(60,138	)	$	51,663

Condensed Consolidating Statement of Income

Six Months Ended June 30, 2010

(in thousands of U.S. dollars)


	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Total
Revenues	$	404,373		$	737,009		$	36,956		$	(48,386	)	$	1,129,952

Cost and expenses:
Cost of sales		312,663			537,913			24,964			(48,386	)		827,154
Selling, general and administrative		72,194			104,290			7,137			—			183,621
Amortization expense		11			6,300			—			—			6,311

Total costs and expenses		384,868			648,503			32,101			(48,386	)		1,017,086

Gain from litigation settlement, net		490,085			—			—			—			490,085

Earnings from operations		509,590			88,506			4,855			—			602,951


Other expenses and income:
Interest expense		37,993			—			—			—			37,993
Interest income		(373	)		3			(24	)		—			(394	)
Intercompany interest		(33,544	)		33,432			112			—			—
Loss on extinguishment of debt		23,873			—			—			—			23,873
Other income, net		(813	)		(1,416	)		(122	)		—			(2,351	)

Total other expenses (income), net		27,136			32,019			(34	)		—			59,121

Earnings before income taxes		482,454			56,487			4,889			—			543,830
Income tax expense		188,743			20,178			1,276			—			210,197
Equity in net earnings of subsidiaries		39,922			3,613			—			(43,535	)		—

Net earnings	$	333,633		$	39,922		$	3,613		$	(43,535	)	$	333,633

Condensed consolidating statement of cash flows

Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2011

(in thousands of U.S. dollars)


	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by (used in) operating activities	$	134,756		$	(45,665	)	$	1,942		$	—	$	91,033

Cash flows from investing activities:
Additions to property, plant and equipment		(7,124	)		(4,428	)		(74	)		—		(11,626	)
Proceeds from sale of property, plant and equipment		20			—			—			—		20
Proceeds from sale of available-for-sale securities		1,494			—			—			—		1,494

Net cash used in investing activities		(5,610	)		(4,428	)		(74	)		—		(10,112	)


Cash flows from financing activities:
Cash provided by (used in) intercompany activity		(47,547	)		47,547			—			—		—
Borrowings of long-term debt		610,000			—			—			—		610,000
Repayments of long-term debt		(706,169	)		—			—			—		(706,169	)
Debt issuance costs		(11,266	)		—			—			—		(11,266	)
Repurchases of common stock		(105,856	)		—			—			—		(105,856	)
Proceeds from issuance of common stock		4,672			—			—			—		4,672

Net cash provided (used in) by financing activities		(256,166	)		47,547			—			—		(208,619	)

Effect of exchange rate changes on cash and cash equivalents		—			—			725			—		725
Net increase (decrease) in cash and cash equivalents		(127,020	)		(2,546	)		2,593			—		(126,973	)
Cash and cash equivalents at beginning of period		211,933			8,026			25,976			—		245,935

Cash and cash equivalents at end of period	$	84,913		$	5,480		$	28,569		$	—	$	118,962

Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2010

(in thousands of U.S. dollars)


	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Total
Net cash provided by operating activities	$	339,620		$	86,971		$	7,315		$	—	$	433,906

Cash flows from investing activities:
Additions to property, plant and equipment		(5,393	)		(2,861	)		(147	)		—		(8,401	)
Proceeds from sale of property, plant and equipment		36			—			—			—		36

Net cash used in investing activities		(5,357	)		(2,861	)		(147	)		—		(8,365	)


Cash flows from financing activities:
Cash provided by (used in) intercompany activity		90,923			(90,923	)		—			—		—
Repayments of long-term debt		(301,312	)		—			—			—		(301,312	)
Repurchase of common stock		(54,623	)		—			—			—		(54,623	)
Proceeds from issuance of common stock		30,433			—			—			—		30,433

Net cash provided by (used in) financing activities		(234,579	)		(90,923	)		—			—		(325,502	)

Effect of exchange rate changes on cash and cash equivalents		—			—			(1,177	)		—		(1,177	)

Net increase (decrease) in cash and cash equivalents		99,684			(6,813	)		5,991			—		98,862
Cash and cash equivalents at beginning of period		104,477			7,614			17,755			—		129,846

Cash and cash equivalents at end of period	$	204,161		$	801		$	23,746		$	—	$	228,708