| Schedule of advertising costs expensed |
AdvertisingAdvertising
costs are charged to sales, general and administrative expense during the year in which they are incurred.
| Years ended December 31, |
|
2013 |
|
2012 |
|
2011 |
| (in thousands) |
|
|
|
|
|
|
| Advertising |
|
$ |
55,282 |
|
|
$ |
48,909 |
|
|
$ |
46,081 |
|
|
| Schedule of cash and cash equivalents |
Rollins maintains adequate liquidity and capital
resources without regard to its foreign deposits that are directed to finance domestic operations and obligations and to fund expansion
of its domestic business for the foreseeable future.
| At December 31, |
|
2013 |
|
2012 |
| (in thousands) |
|
|
|
|
| Cash held in foreign bank accounts |
|
$ |
51,012 |
|
|
$ |
40,933 |
|
|
| Schedule of depreciation and amortization expense |
The annual provisions for depreciation, below,
have been reflected in the Consolidated Statements of Income in the line item entitled Depreciation and Amortization.
| |
|
Years ended December 31, |
| (in thousands) |
|
2013 |
|
2012 |
|
2011 |
| Depreciation |
|
$ |
14,415 |
|
|
$ |
15,212 |
|
|
$ |
15,112 |
|
|
| 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):
| Years Ended December 31, |
|
2013 |
|
2012 |
|
2011 |
| Net income |
|
$ |
123,330 |
|
|
$ |
111,332 |
|
|
$ |
100,711 |
|
| Less: Dividends paid |
|
|
|
|
|
|
|
|
|
|
|
|
| Common Stock |
|
|
(64,571 |
) |
|
|
(63,120 |
) |
|
|
(40,383 |
) |
| Restricted shares of common stock |
|
|
(1,087 |
) |
|
|
(1,162 |
) |
|
|
(727 |
) |
| Undistributed earnings for the period |
|
$ |
57,672 |
|
|
$ |
47,050 |
|
|
$ |
59,601 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of undistributed earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
$ |
56,663 |
|
|
$ |
46,150 |
|
|
$ |
58,497 |
|
| Restricted shares of common stock |
|
|
1,009 |
|
|
|
900 |
|
|
|
1,104 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted allocation of undistributed earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
$ |
56,663 |
|
|
$ |
46,150 |
|
|
$ |
58,498 |
|
| Restricted shares of common stock |
|
|
1,009 |
|
|
|
900 |
|
|
|
1,103 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
|
143,526 |
|
|
|
143,499 |
|
|
|
144,162 |
|
| Restricted shares of common stock |
|
|
2,555 |
|
|
|
2,800 |
|
|
|
2,720 |
|
| |
|
|
146,081 |
|
|
|
146,299 |
|
|
|
146,882 |
|
| Diluted shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
|
143,526 |
|
|
|
143,499 |
|
|
|
144,162 |
|
| Dilutive effect of stock options |
|
|
|
|
|
|
7 |
|
|
|
64 |
|
| |
|
|
143,526 |
|
|
|
143,506 |
|
|
|
144,226 |
|
| Restricted shares of common stock |
|
|
2,555 |
|
|
|
2,800 |
|
|
|
2,720 |
|
| |
|
|
146,081 |
|
|
|
146,306 |
|
|
|
146,946 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.45 |
|
|
$ |
0.44 |
|
|
$ |
0.28 |
|
| Undistributed earnings |
|
|
0.39 |
|
|
|
0.32 |
|
|
|
0.41 |
|
| |
|
$ |
0.84 |
|
|
$ |
0.76 |
|
|
$ |
0.69 |
|
| Restricted shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.43 |
|
|
$ |
0.42 |
|
|
$ |
0.27 |
|
| Undistributed earnings |
|
|
0.39 |
|
|
|
0.32 |
|
|
|
0.41 |
|
| |
|
$ |
0.82 |
|
|
$ |
0.74 |
|
|
$ |
0.68 |
|
| Total shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.45 |
|
|
$ |
0.44 |
|
|
$ |
0.28 |
|
| Undistributed earnings |
|
|
0.39 |
|
|
|
0.32 |
|
|
|
0.41 |
|
| |
|
$ |
0.84 |
|
|
$ |
0.76 |
|
|
$ |
0.69 |
|
| Diluted earning per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.45 |
|
|
$ |
0.44 |
|
|
$ |
0.28 |
|
| Undistributed earnings |
|
|
0.39 |
|
|
|
0.32 |
|
|
|
0.41 |
|
| |
|
$ |
0.84 |
|
|
$ |
0.76 |
|
|
$ |
0.69 |
|
| Restricted shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.43 |
|
|
$ |
0.42 |
|
|
$ |
0.27 |
|
| Undistributed earnings |
|
|
0.39 |
|
|
|
0.32 |
|
|
|
0.41 |
|
| |
|
$ |
0.82 |
|
|
$ |
0.74 |
|
|
$ |
0.68 |
|
| Total shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.45 |
|
|
$ |
0.44 |
|
|
$ |
0.28 |
|
| Undistributed earnings |
|
|
0.39 |
|
|
|
0.32 |
|
|
|
0.41 |
|
| |
|
$ |
0.84 |
|
|
$ |
0.76 |
|
|
$ |
0.69 |
|
|