Annual report pursuant to Section 13 and 15(d)

THREE-FOR-TWO STOCK SPLIT (Tables)

v2.4.1.9
THREE-FOR-TWO STOCK SPLIT (Tables)
 12 Months Ended
Dec. 31, 2014
Three-for-two Stock Split Tables  
Schedule of Pro Forma Effect of Stock Split on Shareholder's Equity
            December 31, 2014
    December 31, 2014   Adjustment   (Pro forma)
(in thousands)   (Audited)   (Unaudited)   (Unaudited)
STOCKHOLDERS’ EQUITY                        
Preferred stock, without par value; 500,000 authorized, zero shares issued   $ —       $ —       $ —    
Common stock, par value $1 per share; 250,000,000 shares authorized,                        
218,482,907 shares issued(1)   $ 145,722     $ 72,761     $ 218,483  
Treasury Stock, par value $1 per share ; 200,000 and 0 shares, respectively     (200 )     —         (200 )
Paid-in-capital     62,839       —         62,839  
Accumulated other comprehensive loss     (65,488 )     —         (65,488 )
Retained earnings     319,803       (72,761 )     247,042  
Total stockholders’ equity   $ 462,676     $ —       $ 462,676  

 
Schedule of Pro Forma Effect of Stock Split on Earning Per Share
            December 31, 2014
    December 31, 2014   Adjustment   (Pro forma)
(in thousands, except per share amounts)   (Audited)   (Unaudited)   (Unaudited)
Net Income   $ 137,664     $ —       $ 137,664  
                         
Basic Earnings Per Share   $ 0.94     $ (0.31 )   $ 0.63  
Diluted Earnings Per Share   $ 0.94     $ (0.31 )   $ 0.63  
                         
Shares used for computation:                        
Basic     145,796       72,899       218,695  
Diluted     145,796       72,899       218,695