| |
Three months ended
March 31, |
| |
2001 |
2000 |
| Net revenues |
$676,949 |
$541,004 |
| Operating charges: |
|
|
| Salaries, wages and benefits |
268282 |
210863 |
| Other operating expenses |
150906 |
116937 |
| Supplies expense |
89368 |
73912 |
| Provision for doubtful accounts |
55227 |
44980 |
| Depreciation and amortization |
29795 |
27644 |
| Lease and rental expense |
12640 |
11949 |
| Interest expense, net |
8456 |
7328 |
| |
614674 |
493613 |
| Income before minority interests, effect of foreign exchange and derivative transactions and income taxes |
62275 |
47391 |
| Minority interests in earnings of consolidated entities |
3925 |
3143 |
| Losses on foreign exchange and derivative transactions |
1427 |
0 |
| Income before income taxes |
56923 |
44248 |
| Provision for income taxes |
20752 |
15619 |
| Net income |
$36,171 |
$28,629 |
| Earnings per common share - basic |
$1.21 |
$0.94 |
| Earnings per common share - diluted |
$1.14 |
$0.92 |
| Weighted average number of common shares - basic |
29914 |
30591 |
| Weighted average number of common share equivalents |
3660 |
464 |
| Weighted average number of common shares and equiv. - diluted |
33574 |
31055 |
| |
|
|
| EARNINGS PER SHARE CALCULATION |
|
|
| Net income |
$36,171 |
$28,629 |
| Add: Debenture interest, net of taxes |
1,970 |
--- |
| Adjusted net income |
$38,141 |
$28,629 |
| Weighted average number of common shares - basic |
29,914 |
30,591 |
| Add: Shares for conversion of convertible debentures |
3,289 |
--- |
| Other share equivalents |
371 |
464 |
| Weighted average number of common shares and equiv. - diluted |
33,574 |
31,055 |
| Earnings per common share - diluted |
$1.14 |
$0.92 |
