Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Tabular disclosure of advertising costs

Years ended December 31, 

    

2021

    

2020

    

2019

(in thousands)

Advertising

$

91,879

$

86,314

$

81,174

Schedule of cash held in foreign banks accounts

At December 31, 

    

2021

    

2020

    

2019

(in thousands) (in US dollars)

Cash held in foreign bank accounts

$

78,102

$

71,330

$

74,094

Schedule of depreciation expense

Years ended December 31, 

    

2021

    

2020

    

2019

(in thousands)

  

  

  

Depreciation

$

40,592

$

40,623

$

36,646

Basic and diluted earnings per share

Years Ended December 31, 

    

2021

    

2020

    

2019

Net income available to stockholders

$

350,687

$

260,824

$

203,347

Less dividends paid:

 

  

 

  

 

  

Common stock

 

(207,482)

 

(159,524)

 

(152,793)

Restricted shares of common stock

 

(1,174)

 

(963)

 

(1,042)

Undistributed earnings for the period

$

142,031

$

100,337

$

49,512

Allocation of undistributed earnings:

 

  

 

  

 

  

Common stock

 

141,224

 

99,676

 

49,144

Restricted shares of common stock

 

807

 

661

 

368

Basic and diluted shares outstanding:

 

  

 

  

 

  

Common stock

 

489,259

 

488,364

 

487,569

Restricted shares of common stock

 

2,795

 

3,240

 

3,647

 

492,054

 

491,604

 

491,216

Basic and diluted earnings per share:

 

  

 

  

 

  

Common stock:

 

  

 

  

 

  

Distributed earnings

$

0.42

$

0.33

$

0.31

Undistributed earnings

 

0.29

 

0.20

 

0.10

$

0.71

$

0.53

$

0.41

Restricted shares of common stock:

 

  

 

  

 

  

Distributed earnings

$

0.42

$

0.30

$

0.29

Undistributed earnings

 

0.29

 

0.20

 

0.10

$

0.71

$

0.50

$

0.39