Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of advertising costs expensed
Years ended December 31,
2017
 
2016
 
2015
(in thousands)
 
 
 
 
 
Advertising
$
66,115

 
$
61,258

 
$
57,705

Schedule of cash and cash equivalents
At December 31,
2017
 
2016
(in thousands) (in US dollars)
 
 
 
Cash held in foreign bank accounts
$
57,790

 
$
54,424

Schedule of depreciation
Years ended December 31,
2017
 
2016
 
2015
(in thousands)
 
 
 
 
 
Depreciation
$
27,381

 
$
24,725

 
$
19,354

Reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock (participating securities)
A reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock (participating securities) is as follows (in thousands except per share data). All share and per share information in the following chart are restated for the stock split effective March 10, 2015:
Years Ended December 31,
2017
 
2016
 
2015
Net income available to stockholders
$
179,124

 
$
167,369

 
$
152,149

Less:  Dividends paid
 

 
 

 
 

Common Stock
(120,930
)
 
(107,880
)
 
(90,631
)
Restricted shares of common stock
(1,087
)
 
(1,122
)
 
(1,124
)
Undistributed earnings for the period
$
57,107

 
$
58,367

 
$
60,394

Allocation of undistributed earnings:
 

 
 

 
 

Common stock
$
56,567

 
$
57,722

 
$
59,611

Restricted shares of common stock
540

 
645

 
783

Basic and diluted shares outstanding:
 

 
 

 
 

Common stock
215,927

 
215,831

 
215,749

Restricted shares of common stock
2,061

 
2,413

 
2,834

 
217,988

 
218,244

 
218,583

Basic and diluted earnings per share:
 

 
 

 
 

Common stock:
 

 
 

 
 

Distributed earnings
$
0.56

 
$
0.50

 
$
0.42

Undistributed earnings
0.26

 
0.27

 
0.28

 
$
0.82

 
$
0.77

 
$
0.70

Restricted shares of common stock
 

 
 

 
 

Distributed earnings
$
0.53

 
$
0.46

 
$
0.40

Undistributed earnings
0.26

 
0.27

 
0.28

 
$
0.79

 
$
0.73

 
$
0.68