Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Advertising Cost Expensed [Table Text Block]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)
Years ended December 31,   2020     2019     2018  
(in thousands)                  
Advertising   $ 86,314     $ 81,174     $ 69,875  
Schedule Of Cash And Cash Equivalents Held In Foreign Bank Accounts [Table Text Block]

Disclosure- Summary Of Significant Accounting Policies (Details 2)
At December 31,   2020     2019     2018  
(in thousands) (in US dollars)                  
Cash held in foreign bank accounts   $ 71,330     $ 74,094     $ 53,613  
Schedule Of Depreciation And Amortization Expense [Table Text Block]

 

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3
Years ended December 31,   2020     2019     2018  
(in thousands)                  
Depreciation   $ 40,623     $ 36,646     $ 30,364  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)
Years Ended December 31,   2020     2019     2018  
Net income available to stockholders   $ 260,824     $ 203,347     $ 231,663  
Less dividends paid:                        
Common stock     (159,524 )     (152,793 )     (151,458 )
Restricted shares of common stock     (963 )     (1,042 )     (1,284 )
Undistributed earnings for the period   $ 100,337     $ 49,512     $ 78,921  
Allocation of undistributed earnings:                        
Common stock     99,676       49,144       78,255  
Restricted shares of common stock     661       368       666  
Basic and diluted shares outstanding:                        
Common stock     488,365       487,569       486,794  
Restricted shares of common stock     3,240       3,647       4,143  
      491,605       491,216       490,937  
Basic and diluted earnings per share:                        
Common stock:                        
Distributed earnings   $ 0.33     $ 0.31     $ 0.31  
Undistributed earnings     0.20       0.10     $ 0.16  
    $ 0.53     $ 0.41     $ 0.47  
Restricted shares of common stock:                        
Distributed earnings   $ 0.30     $ 0.29     $ 0.31  
Undistributed earnings     0.20       0.10       0.16  
    $ 0.50     $ 0.39     $ 0.47  
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

 

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5)
    Allowance for Expected Credit Losses  
    Trade
Receivables
    Financed
Receivables
    Total
Receivables
 
Balance at January 1, 2020   $ 16,699     $ 2,959     $ 19,658  
Adoption of ASC 326     (3,330 )           (3,330 )
Adjusted balance at January 1, 2020     13,369       2,959       16,328  
Provision for expected credit losses     14,699       2,837       17,536  
Write-offs charged against the allowance     (18,228 )     (2,565 )     (20,793 )
Recoveries collected     7,014             7,014  
Balance at December 31, 2020   $ 16,854     $ 3,231     $ 20,085