Rollins (ROL) 10-Q 30 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 15, 2015
Document And Entity Information
Entity Registrant Name	ROLLINS INC
Entity Central Index Key	84839
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		218,640,608
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
ASSETS
Cash and cash equivalents	$93,389	$108,372
Trade receivables, net of allowance for doubtful accounts of $10,049 and $10,944, respectively	76,523	77,854
Financed receivables, short-term, net of allowance for doubtful accounts of $1,716 and $1,748, respectively	11,964	12,234
Materials and supplies	13,766	14,078
Deferred income taxes, net	40,749	42,764
Other current assets	18,840	28,656
Total Current Assets	255,231	283,958
Equipment and property, net	105,448	101,669
Goodwill	269,375	255,563
Customer contracts and other intangible assets, net	136,635	133,472
Deferred income taxes, net	8,912	7,881
Financed receivables, long-term, net of allowance for doubtful accounts of $1,434 and $1,402, respectively	11,650	11,787
Other assets	14,011	13,832
Total Assets	801,262	808,162
LIABILITIES
Accounts payable	21,426	22,878
Accrued insurance	24,888	24,204
Accrued compensation and related liabilities	60,217	74,090
Unearned revenues	100,104	94,056
Other current liabilities	37,822	37,451
Total current liabilities	244,457	252,679
Accrued insurance, less current portion	31,231	30,946
Accrued pension	26,051	29,558
Long-term accrued liabilities	32,543	32,303
Total Liabilities	334,282	345,486
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock, without par value; 500,000 shares authorized, zero shares issued
Common stock, par value $1 per share; 250,000,000 shares authorized, 218,840,608 and 218,482,907 shares issued and outstanding, respectively	218,841	218,483
Treasury Stock, par value $1 per share; 200,000 and 200,000 shares, respectively	-200	-200
Paid in capital	61,681	62,839
Accumulated other comprehensive loss	-72,637	-65,488
Retained earnings	259,295	247,042
Total Stockholders' Equity	466,980	462,676
Total Liabilities and Stockholders' Equity	$801,262	$808,162

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Trade receivables, short-term, allowance for doubtful accounts (in dollars)	$10,049	$10,944
Financed receivables, short-term, allowance for doubtful accounts (in dollars)	1,716	1,748
Financed receivables, long-term, allowance for doubtful accounts (in dollars)	$1,434	$1,402
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, no par value (in dollars per share)
Common stock, par value (in dollars per share)	$1	$1
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	218,840,608	218,482,907
Common stock, shares outstanding	218,840,608	218,482,907
Treasury Stock, par value	$1	$1
Treasury Stock, Shares	200,000	200,000

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES
Customer services	$330,909	$313,388
COSTS AND EXPENSES
Cost of services provided	168,043	161,308
Depreciation and amortization	10,781	10,214
Sales, general and administrative	105,575	100,832
Gain on sale of assets, net	-55	-248
Interest income, net	-47	-76
INCOME BEFORE INCOME TAXES	46,612	41,358
PROVISION FOR INCOME TAXES	16,331	15,592
NET INCOME	$30,281	$25,766
NET INCOME PER SHARE - BASIC AND DILUTED (in dollars per share)	$0.14	$0.12
DIVIDENDS PAID PER SHARE (in dollars per share)	$0.08	$0.07
Weighted average participating shares outstanding - basic and diluted (in shares)	218,541,000	218,986,000

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
NET INCOME	$30,281	$25,766
Other comprehensive earnings (loss), net of tax
Foreign currency translation adjustments	-7,149	1,534
Other comprehensive earnings (loss)	-7,149	1,534
Comprehensive earnings	$23,132	$27,300

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)		Common Stock [Member]	Treasury Stock	Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total
In Thousands, except Share data
Balance at Dec. 31, 2013		$218,797		$53,765	($31,771)	$197,464	$438,255
Balance (in shares) at Dec. 31, 2013		218,797,000
Net Income						137,664	137,664
Pension Liability Adjustment					-25,575		-25,575
Foreign Currency Translation Adjustments					-8,142		-8,142
Cash Dividends						-75,750	-75,750
Common Stock Issued for Acquisitions		585	290	15,831		-292	16,414
Common Stock Issued for Acquisitions (in shares)		585,000	290,000
Common Stock Purchased	[1]	-920	-590	-15,831		-12,004	-29,345
Common Stock Purchased (in shares)	[1]	-920,000	-590,000
Three-For-Two Stock Split		-100	100
Three-For-Two Stock Split (in shares)		-100,000	100,000
Stock Compensation		439		10,286		-146	10,579
Stock Compensation (in shares)		439,000
Employee Stock Buybacks and Common Stock Options Exercised		-318		-5,956		106	-6,168
Employee Stock Buybacks and Common Stock Options Exercised (in shares)		-318,000
Excess Tax Benefit on Restricted Stock, Dividend Compensation and Non-Qualified Stock Options				4,744			4,744
Balance at Dec. 31, 2014		218,483	-200	62,839	-65,488	247,042	462,676
Balance (in shares) at Dec. 31, 2014		218,483,000	-200,000
Net Income						30,281	30,281
Foreign Currency Translation Adjustments					-7,149		-7,149
Cash Dividends						-17,483	-17,483
Common Stock Purchased		-19				-416	-435
Common Stock Purchased (in shares)		-19,000					19,000
Stock Compensation		648		2,436		-219	2,865
Stock Compensation (in shares)		648,000
Employee Stock Buybacks and Common Stock Options Exercised		-271		-5,875		90	-6,056
Employee Stock Buybacks and Common Stock Options Exercised (in shares)		-271,000
Excess Tax Benefit on Restricted Stock, Dividend Compensation and Non-Qualified Stock Options				2,281			2,281
Balance at Mar. 31, 2015		$218,841	($200)	$61,681	($72,637)	$259,295	$466,980
Balance (in shares) at Mar. 31, 2015		218,841,000	-200,000
[1]	Charges to Retained Earnings are from purchases of the Company's Common Stock.

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES
Net Income	$30,281	$25,766
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,781	10,214
Provision for deferred income taxes	1,479	1,542
Provision for bad debts	1,502	1,301
Stock based compensation expense	2,865	2,765
Excess tax benefits from share-based payments	-2,281	-3,386
Other, net	-136	-590
Changes in operating assets and liabilities	-437	3,570
Net cash provided by operating activities	44,054	41,182
INVESTING ACTIVITIES
Cash used for acquisitions of companies, net of cash acquired	-28,245	-53,575
Purchases of equipment and property	-8,311	-5,156
Cash from sale of franchises	120	90
Other	269	446
Net cash used in investing activities	-36,167	-58,195
FINANCING ACTIVITIES
Cash paid for common stock purchased	-6,491	-6,640
Dividends paid	-17,483	-15,301
Excess tax benefits from share-based payments	2,281	3,386
Net cash used in financing activities	-21,693	-18,555
Effect of exchange rate changes on cash	-1,177	481
Net decrease in cash and cash equivalents	-14,983	-35,087
Cash and cash equivalents at beginning of period	108,372	118,216
Cash and cash equivalents at end of period	$93,389	$83,129

BASIS_OF_PREPARATION_AND_OTHER

BASIS OF PREPARATION AND OTHER	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PREPARATION AND OTHER	NOTE 1.      BASIS OF PREPARATION AND OTHER
	Basis of Preparation -The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. There has been no material change in the information disclosed in the notes to the consolidated financial statements included in the Annual Report on Form 10-K of Rollins, Inc. (the “Company”) for the year ended December 31, 2014. Accordingly, the quarterly condensed consolidated financial statements and related disclosures herein should be read in conjunction with the 2014 Annual Report on Form 10-K.
	The preparation of interim financial statements requires management to make estimates and assumptions for the amounts reported in the condensed consolidated financial statements. Specifically, the Company makes estimates in its interim condensed consolidated financial statements for the termite accrual which includes future costs including termiticide life expectancy and government regulations, the insurance accrual which includes self insurance and worker’s compensation, inventory adjustments, discounts and volume incentives earned, among others.
	In the opinion of management, all adjustments necessary for a fair presentation of the Company’s financial results for the interim periods have been made. These adjustments are of a normal recurring nature. The results of operations for the three month period ended March 31, 2015 are not necessarily indicative of results for the entire year.
	The Company has only one reportable segment, its pest and termite control business. The Company’s results of operations and its financial condition are not reliant upon any single customer, or a few customers, or the Company’s foreign operations.
	Three-for-two stock split-The Board of Directors at its quarterly meeting on January 27, 2015, authorized a three-for-two stock split by the issuance on March 10, 2015 of one additional common share for each two common shares held of record at February 10, 2015.
	All share and per share information has been restated for the three-for-two stock split effective March 10, 2015 for shareholders of record February 10, 2015.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 2.      RECENT ACCOUNTING PRONOUNCEMENTS
	New Accounting Standards
	Recently issued accounting standards to be adopted 2015 or later
	In April 2014, the FASB issued ASU 2014-08, (Topic 205 and 360): Reporting Discontinued Operations and Disclosure of Disposals of Components of an Entity. ASU 2014-08 amends the definition for what types of asset disposals are to be considered discontinued operations, and amends the required disclosures for discontinued operations and assets held for sale. ASU 2014-08 also enhances the convergence of the FASB’s and the International Accounting Standard Board’s reporting requirements for discontinued operations. The amendments in this update are effective for fiscal periods beginning on or after December 15, 2014, and interim periods within annual periods beginning on or after December 15, 2015. The Company is currently evaluating the impact of this standard on its consolidated financial statements. We do not expect this standard to have a material impact on the Company’s reported results of operations or financial position.
	In May 2014, the FASB issued Accounting Standards Update ASU No. 2014-09, (Topic 606): Revenue from Contracts with Customers (ASU 2014-09) supersedes the revenue recognition requirements in “Topic 605, Revenue Recognition” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective retrospectively for annual or interim reporting periods beginning after December 15, 2016, with early application not permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements. We do not expect this standard to have a material impact on the Company’s reported results of operations or financial position.
	In January 2015, the FASB issued Accounting Standards Update ASU No. 2015-01, Income Statement-Extraordinary and Unusual Items (Topic 225): Income Statement-Extraordinary and Unusual Items ASU 2015-01 eliminate the GAAP concept of extraordinary items. The new guidance eliminates the separate presentation of extraordinary items, net of tax and the related earnings per share, but does not affect the requirement to disclose material items that are unusual in nature or infrequently occurring. The amendments in this update are effective for fiscal periods beginning on or after December 15, 2015, and interim periods within annual periods beginning on or after December 15, 2015. The Company is currently evaluating the impact of this standard on its consolidated financial statements. We do not expect this standard to have a material impact on the Company’s reported results of operations or financial position.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 3.      EARNINGS PER SHARE
	The Company follows ASC 260, Earnings Per Share (ASC 260) that requires the reporting of both basic and diluted earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period.
	Basic and diluted earnings per share attributable to common and restricted shares of common stock for the period were as follows:
		Three Months Ended
		March 31,
		2015		2014
	Basic earnings per share
	Common stock	$	0.14	$	0.12
	Restricted shares of common stock	$	0.14	$	0.11

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 4.  CONTINGENCIES
	In the normal course of business, certain of the Company’s subsidiaries are defendants in a number of lawsuits, claims or arbitrations which allege that the subsidiaries’ services caused damage.  In addition, the Company defends employment related cases and claims from time to time. We are involved in certain environmental matters primarily arising in the normal course of business. We are actively contesting each of these matters.
	Presently, the Company and a subsidiary, The Industrial Fumigant Company, LLC, are named defendants in Severn Peanut Co. and Meherrin Agriculture & Chemical Co. v. Industrial Fumigant Co., et al.  The Severn lawsuit, a matter related to a fumigation service, has been filed in the United States District Court for the Eastern District of North Carolina.  The court dismissed plaintiffs’ claim for breach of contract on March 15, 2014, and it dismissed plaintiffs’ only remaining claim (negligence) on December 15, 2014. Plaintiffs have appealed the rulings.
	On April 29, 2014, Foster Poultry Farms sued Orkin, LLC and Orkin Services of California, Inc., for breach of contract, breach of covenant of good faith and fair dealing, and negligence.  The lawsuit is pending in the United States District Court for the Northern District of California.  Foster Farms is seeking damages related to pest control services performed at its chicken processing facility during a nine month period. The Company intends to defend this matter vigorously.
	On December 2, 2014, Plaintiff Killian Pest Control sued Rollins, Inc., and its subsidiary HomeTeam Pest Defense, and alleged that HomeTeam’s exclusive use of its “tubes in the walls” system violates the federal Sherman Antitrust Act, and California’s Cartwright Act and Business and Professions Code. Plaintiffs seek a declaratory judgment that the alleged misconduct violates the Sherman and Cartwright Acts, and the Business and Professions Code; a permanent injunction against continuing alleged violations; and monetary damages. The lawsuit is pending in the United States District Court, Northern District of California. The Company cannot currently estimate the reasonably possible loss, if any, because the lawsuit is at an early stage and involves unresolved issues of law and fact. The Company intends to defend this matter vigorously.
	On December 2, 2014, Plaintiff Jose Luis Garnica, on behalf of himself and a class of similarly situated customers, sued Rollins, Inc., its subsidiary HomeTeam Pest Defense, and alleged that HomeTeam’s exclusive use of its “tubes in the walls” system violates the federal Sherman Antitrust Act. The Plaintiff seeks a declaratory judgment that the alleged misconduct violates the Sherman Act; a permanent injunction against continuing violations; and monetary damages. The lawsuit is pending in the United States District Court, Northern District of California. The Company cannot currently estimate the reasonably possible loss, if any, because the lawsuit is at an early stage and involves unresolved issues of law and fact. The Company intends to defend this matter vigorously.
	Management does not believe that any pending claim, proceeding or litigation, either alone or in the aggregate will have a material adverse effect on the Company’s financial position, results of operations or liquidity; however, it is possible that an unfavorable outcome of some or all of the matters, however unlikely, could result in a charge that might be material to the results of an individual quarter or year.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 5.      FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company’s financial instruments consist of cash and cash equivalents, short-term investments, trade receivables, notes receivable, accounts payable and other short-term liabilities. The carrying amounts of these financial instruments approximate their fair values.  The Company has a Revolving Credit Agreement with SunTrust Bank and Bank of America, N.A. for an unsecured line of credit of up to $175.0 million, which includes a $75.0 million letter of credit subfacility and a $25.0 million swingline subfacility. There were no outstanding borrowings at March 31, 2015 and December 31, 2014.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 6.      STOCKHOLDERS’ EQUITY
	During the three months ended March 31, 2015 the Company paid $17.5 million or $0.08 per share in cash dividends compared to $15.3 million or $0.07 per share during the same period in 2014.
	During the first quarter ended March 31, 2015, the Company repurchased from the open market approximately 19 thousand shares of its $1 par value common stock at a weighted average price of $22.42 per share compared to approximately 50 thousand shares purchased at a weighted average price of $18.15 during the same period in 2014.
	The Company repurchased $6.1 million of common stock for the three months ended March 31, 2015 and $5.7 million for the same period in 2014, from employees for the payment of taxes on vesting restricted shares.
	As more fully discussed in Note 14 of the Company’s notes to the consolidated financial statements in its 2014 Annual Report on Form 10-K, stock options, time lapse restricted shares (TLRS’s) and restricted stock units have been issued to officers and other management employees under the Company’s Employee Stock Incentive Plans.  The Company issues new shares from its authorized but unissued share pool. At March 31, 2015, approximately 5.0 million shares of the Company’s common stock were reserved for issuance.
	Time Lapse Restricted Shares and Restricted Stock Units
	The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense:
		Three Months Ended
		March 31,
	(in thousands)	2015			2014
	Time lapse restricted stock:
	Pre-tax compensation expense	$	2,865		$	2,765
	Tax benefit		(1,109	)		(1,065	)
	Restricted stock expense, net of tax	$	1,756		$	1,700
	The Company recognized a deferred tax benefit of approximately $2.3 million, $3.4 million and $4.7 million during the first quarters ended March 31, 2015 and 2014 and the year ended December 31, 2014, respectively, related to the vesting of restricted shares which have been recorded as increases to paid-in capital.
	The following table summarizes information on unvested restricted stock outstanding as of March 31, 2015:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Unvested Restricted Stock Units at December 31, 2014		3,100		$	14.44
	Forfeited		(35	)		14.84
	Vested		(856	)		11.77
	Granted		682			22.43
	Unvested Restricted Stock Units at March 31, 2015		2,891		$	17.11
	At March 31, 2015 and December 31, 2014, the Company had $41.3 million and $29.4 million of total unrecognized compensation cost, respectively, related to time-lapse restricted shares that are expected to be recognized over a weighted average period of approximately 4.3 years and 3.7 years, respectively.

PENSION_AND_POST_RETIREMENT_BE

PENSION AND POST RETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 31, 2015
Pension and Other Postretirement Benefit Expense [Abstract]
PENSION AND POST RETIREMENT BENEFIT PLANS	NOTE 7.      PENSION AND POST RETIREMENT BENEFIT PLANS
	The following table represents the net periodic pension benefit costs and related components in accordance with FASB ASC 715 “Compensation - Retirement Benefits”:
	Components of Net Pension Benefit Gain
		Three Months Ended
		March 31,
	(in thousands)	2015			2014
	Interest and service cost	$	2,250		$	2,375
	Expected return on plan assets		(3,197	)		(3,108	)
	Amortization of net loss		940			610
	Net periodic benefit loss/(benefit)	$	(7	)	$	(123	)
	During the three months ended March 31, 2015 and 2014 the Company made $3.5 million and $3.3 million in contributions, respectively, to its defined benefit retirement plans (the “Plans”). The Company made $5.3 million in contributions for the year ended December 31, 2014. The Company is not planning on making further contributions to the Plans during the fiscal year ending December 31, 2015.

BUSINESS_COMBINATIONS

BUSINESS COMBINATIONS	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
BUSINESS COMBINATIONS	NOTE 8.      BUSINESS COMBINATIONS
	The Company made seven acquisitions during the three month periods ended March 31, 2015 and 2014, respectively.
	Acquisition of Critter Control – The Company completed the acquisition of Critter Control on February 27, 2015. Critter Control was established by Kevin Clark in 1983 and is headquartered in Traverse City, Michigan. The business is 100% franchised with 115 franchises operating in 40 states and two Canadian provinces. It is the largest wildlife control company in the United States.
	Acquisition of Allpest WA (“Allpest”) – The Company completed the acquisition of Allpest on February 17, 2014. This was the Company’s first acquisition outside of North America and placed the Company as the number one pest control provider in Western Australia.
	Acquisition of Wilco Enterprises, Inc. (sole holder of PermaTreat Exterminating Company, Inc. d/b/a PermaTreat Pest Control, Inc.) (“PermaTreat”) – The Company completed the acquisition of PermaTreat effective August 1, 2014. PermaTreat is a leading pest control company located in Central and Northern Virginia and was founded in 1967. The Company issued 873,349 shares of its $1 par value common stock valued at $18.79 per share to Joseph R. Wilson and Jack Broome.
	Total cash purchase price for the Company’s acquisitions for the three months ended March 31, 2015 was $28.2 million.
	The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, which will be adjusted during the valuation period, are included in the reconciliation of the total consideration as follows (in thousands):
	Accounts receivable, net	$	1,281
	Materials and supplies		57
	Prepaid expenses		(40	)
	Equipment and property		512
	Goodwill		17,858
	Customer contracts		4,223
	Other intangible assets		5,219
	Current liabilities		(948	)
	Other assets and liabilities, net		83
	Total cash purchase price	$	28,245
	Goodwill from acquisitions represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $269.4 million and $255.6 million at March 31, 2015 and December 31, 2014, respectively. Goodwill generally changes due to the timing of acquisitions, finalization of allocation of purchase prices of previous acquisitions and foreign currency translations. The carrying amount of goodwill in foreign countries was $39.2 million at March 31, 2015 and $42.7 million at December 31, 2014.
	The Company completed its most recent annual impairment analyses as of September 30, 2014. Based upon the results of these analyses, the Company has concluded that no impairment of its goodwill or other intangible assets was indicated.
	The carrying amount of customer contracts and other intangible assets was $102.8 million and $33.8 million, respectively, at March 31, 2015 and $104.7 million and $28.8 million, respectively at December 31, 2014. The carrying amount of customer contracts and other intangible assets in foreign countries was $17.5 million and $4.7 million, respectively, at March 31, 2015 and $16.8 million and $4.1 million, respectively, at December 31, 2014.
	Customer contracts and other amortizable intangible assets are amortized on a straight-line basis over their economic useful lives. The following table sets forth the components of intangible assets as of March 31, 2015 (in thousands):
		Carrying			Usefull Life
	Intangible Asset	Value			in Years
	Customer contracts	$	102,804			3 - 12.5
	Trademarks and tradenames		18,431			0 - 20
	Non-compete agreements		7,103			3 - 20
	Patents		3,555			15
	Other assets		2,354			10
	Internet domains		2,227			n/a
	Know how		161			10
	Total customer contracts and other intangible assets	$	136,635

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9.      SUBSEQUENT EVENTS
	On April 28, 2015, the Company announced that the Board of Directors declared a regular quarterly cash dividend on its common stock of $0.08 per share payable June 10, 2015 to shareholders of record as of May 8, 2015.
	On April 28, 2015, the Company also announced that the Board of Directors elected Eddie Northen as the Company’s Chief Financial Officer and Treasurer, effective May 1, 2015. Mr. Northen will replace Harry Cynkus, Senior Vice President, Chief Financial Officer and Treasurer, who previously announced his plans to retire after 17 years with the Company.

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	Basic and diluted earnings per share attributable to common and restricted shares of common stock for the period were as follows:
		Three Months Ended
		March 31,
		2015		2014
	Basic earnings per share
	Common stock	$	0.14	$	0.12
	Restricted shares of common stock	$	0.14	$	0.11

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Components of the stock-based compensation programs recorded as expense	The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense:
		Three Months Ended
		March 31,
	(in thousands)	2015			2014
	Time lapse restricted stock:
	Pre-tax compensation expense	$	2,865		$	2,765
	Tax benefit		(1,109	)		(1,065	)
	Restricted stock expense, net of tax	$	1,756		$	1,700
Summarized information on unvested restricted stock units outstanding	The following table summarizes information on unvested restricted stock outstanding as of March 31, 2015:
		Number of Shares			Weighted-Average Grant-Date Fair Value
	Unvested Restricted Stock Units at December 31, 2014		3,100		$	14.44
	Forfeited		(35	)		14.84
	Vested		(856	)		11.77
	Granted		682			22.43
	Unvested Restricted Stock Units at March 31, 2015		2,891		$	17.11

PENSION_AND_POST_RETIREMENT_BE1

PENSION AND POST RETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2015
Pension and Other Postretirement Benefit Expense [Abstract]
Schedule of Net Pension Benefit Gain	Components of Net Pension Benefit Gain
		Three Months Ended
		March 31,
	(in thousands)	2015			2014
	Interest and service cost	$	2,250		$	2,375
	Expected return on plan assets		(3,197	)		(3,108	)
	Amortization of net loss		940			610
	Net periodic benefit loss/(benefit)	$	(7	)	$	(123	)

BUSINESS_COMBINATIONS_Tables

BUSINESS COMBINATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule of purchase price allocation	The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, which will be adjusted during the valuation period, are included in the reconciliation of the total consideration as follows (in thousands):
	Accounts receivable, net	$	1,281
	Materials and supplies		57
	Prepaid expenses		(40	)
	Equipment and property		512
	Goodwill		17,858
	Customer contracts		4,223
	Other intangible assets		5,219
	Current liabilities		(948	)
	Other assets and liabilities, net		83
	Total cash purchase price	$	28,245
Schedule of components of intangible assets	Customer contracts and other amortizable intangible assets are amortized on a straight-line basis over their economic useful lives. The following table sets forth the components of intangible assets as of March 31, 2015 (in thousands):
		Carrying			Usefull Life
	Intangible Asset	Value			in Years
	Customer contracts	$	102,804			3 - 12.5
	Trademarks and tradenames		18,431			0 - 20
	Non-compete agreements		7,103			3 - 20
	Patents		3,555			15
	Other assets		2,354			10
	Internet domains		2,227			n/a
	Know how		161			10
	Total customer contracts and other intangible assets	$	136,635

BASIS_OF_PREPARATION_AND_OTHER1

BASIS OF PREPARATION AND OTHER (Details Narrative)	3 Months Ended
	Mar. 31, 2015
	Number
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Reportable Segment	1

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Common Stock [Member]
Total shares of common stock, basic (in dollars per share)	$0.14	$0.12
Restricted Stock [Member]
Total shares of common stock, basic (in dollars per share)	$0.14	$0.11

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Line of Credit [Member]
Short-term Debt [Line Items]
Line of credit maximum borrowing capacity	$175,000
Outstanding borrowings	0	0
Letter of Credit [Member]
Short-term Debt [Line Items]
Line of credit maximum borrowing capacity	75,000
Swingline Credit Facility [Member]
Short-term Debt [Line Items]
Line of credit maximum borrowing capacity	$25,000

STOCKHOLDERS_EQUITY_Details_Na

STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend paid	$17,483	$15,301
Cash dividend per share (in dollars per share)	$0.08	$0.07
Number of shares repurchased (in shares)	19,000	50,000
Par value of common stock (in dollars per share)	$1		$1
Weighted average stock price of shares repurchased (in dollars per share)	$22.42	$18.15
Repurchase of common stock from employees	6,100	5,700
Common stock reserved for issuance upon exercise of stock options (in shares)	5,000,000
Tax benefits from share-based payments	2,300	3,400	4,700
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$41,300	$29,400
Unrecognized compensation cost, period for recognition	4 years 3 months 18 days		3 years 8 months 12 days

STOCKHOLDERS_EQUITY_Details_1

STOCKHOLDERS' EQUITY (Details 1) (Time Lapse Restricted Shares and Restricted Stock Units, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Time Lapse Restricted Shares and Restricted Stock Units
Pre-tax compensation expense	$2,865	$2,765
Tax benefit	-1,109	-1,065
Restricted stock expense, net of tax	$1,756	$1,700

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (Restricted Stock Units (RSUs) [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Stock Units (RSUs) [Member]
Unvested restricted stock activity
Balance outstanding at the beginning of the period (in shares)	3,100
Forfeited (in shares)	-35
Vested (in shares)	-856
Granted (in shares)	682
Balance outstanding at the end of the period (in shares)	2,891
Weighted-Average Grant-Date Fair Value
Balance at the beginning of the period (in dollars per share)	$14.44
Forfeited (in dollars per share)	$14.84
Vested (in dollars per share)	$11.77
Granted (in dollars per share)	$22.43
Balance at the end of the period (in dollars per share)	$17.11

PENSION_AND_POST_RETIREMENT_BE2

PENSION AND POST RETIREMENT BENEFIT PLANS (Details Narrative) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Pension And Post Retirement Benefit Plans Details Narrative
Contribution by employer	$3,500	$3,300
Further contributions to defined benefit retirement plan during the fiscal year			$5,300

PENSION_AND_POST_RETIREMENT_BE3

PENSION AND POST RETIREMENT BENEFIT PLANS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Components of net periodic pension benefit Gain
Interest and service cost	$2,250	$2,375
Expected return on plan assets	-3,197	-3,108
Amortization of net loss	940	610
Net periodic loss/(benefit)	($7)	($123)

BUSINESS_COMBINATIONS_Details_

BUSINESS COMBINATIONS (Details Narrative) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Number	Number
Business Acquisition [Line Items]
Number of material acquisitions	7	7
Carrying amount of goodwill	$269,375		$255,563
Carrying amount of goodwill in foreign countries	39,200		42,700
Carrying amount of finite lived intangible assets	136,635		133,472
Allpest WA
Business Acquisition [Line Items]
Acquisition date	17-Feb-14
Joseph R. Wilson and Jack Broome [Member]
Business Acquisition [Line Items]
Shares issued (in shares)	873,349
Fair value of common stock issued (per share)	$18.79
Acquisition [Member]
Business Acquisition [Line Items]
Total cash purchase price	59,660
Carrying amount of goodwill	17,858
Customer contracts
Business Acquisition [Line Items]
Carrying amount of finite lived intangible assets	102,800		104,700
Carrying amount of finite lived intangible assets in foreign countries	17,500		16,800
Other intangible assets
Business Acquisition [Line Items]
Carrying amount of finite lived intangible assets	33,800		28,800
Carrying amount of finite lived intangible assets in foreign countries	$4,700		$4,100

BUSINESS_COMBINATIONS_Details

BUSINESS COMBINATIONS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Business Acquisition [Line Items]
Goodwill	$269,375	$255,563
Acquisition [Member]
Business Acquisition [Line Items]
Accounts receivable, net	1,281
Materials and supplies	57
Prepaid expenses	-40
Equipment and property	512
Goodwill	17,858
Customer contracts	4,223
Other intangible assets	5,219
Current liabilities	-948
Other assets and liabilities, net	83
Total consideration paid	$28,245

BUSINESS_COMBINATIONS_Details_1

BUSINESS COMBINATIONS (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Business Acquisition [Line Items]
Finite lived intangible assets fair value	$136,635
Internet domains
Business Acquisition [Line Items]
Infinite lived intangible assets fair value	2,227
Customer contracts
Business Acquisition [Line Items]
Finite lived intangible assets fair value	102,804
Customer contracts | Minimum
Business Acquisition [Line Items]
Finite lived intangible assets useful life	3 years
Customer contracts | Maximum
Business Acquisition [Line Items]
Finite lived intangible assets useful life	12 years 6 months
Trademarks and tradenames
Business Acquisition [Line Items]
Finite lived intangible assets fair value	18,431
Trademarks and tradenames | Minimum
Business Acquisition [Line Items]
Finite lived intangible assets useful life	0 years
Trademarks and tradenames | Maximum
Business Acquisition [Line Items]
Finite lived intangible assets useful life	20 years
Non-compete agreements
Business Acquisition [Line Items]
Finite lived intangible assets fair value	7,103
Non-compete agreements | Minimum
Business Acquisition [Line Items]
Finite lived intangible assets useful life	3 years
Non-compete agreements | Maximum
Business Acquisition [Line Items]
Finite lived intangible assets useful life	20 years
Patents
Business Acquisition [Line Items]
Finite lived intangible assets fair value	3,555
Finite lived intangible assets useful life	15 years
Other Assets
Business Acquisition [Line Items]
Finite lived intangible assets fair value	2,354
Finite lived intangible assets useful life	15 years
Know How [Member]
Business Acquisition [Line Items]
Finite lived intangible assets fair value	$161
Finite lived intangible assets useful life	10 years

SUBSEQUENT_EVENTS_Details_Narr

SUBSEQUENT EVENTS (Details Narrative) (Subsequent Event [Member], USD $)	0 Months Ended
	Apr. 28, 2015
Subsequent Event [Member]
Dividend declared quarterly (in dollars per share)	$0.08