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0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 205.18339843750005 m 558.5 205.18339843750005 l s q 0 0 1 rg BT 548.50 206.52 Td (92) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.10 740.25 Td (SPECIAL) Tj ET Q q 0 0 0 rg BT 191.89 740.25 Td ( NOTE REGARDING FOR) Tj ET Q q 0 0 0 rg BT 310.72 740.25 Td (W) Tj ET Q q 0 0 0 rg BT 319.61 740.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 407.49 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 413.97 740.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.50 718.35 Td (This ) Tj ET Q q 0 0 0 rg BT 117.04 718.35 Td (Annual ) Tj ET Q q 0 0 0 rg BT 150.02 718.35 Td (Report ) Tj ET Q q 0 0 0 rg BT 180.79 718.35 Td (on ) Tj ET Q q 0 0 0 rg BT 194.33 718.35 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 242.60 718.35 Td (and ) Tj ET Q q 0 0 0 rg BT 260.58 718.35 Td (the ) Tj ET Q q 0 0 0 rg BT 276.34 718.35 Td (documents ) Tj ET Q q 0 0 0 rg BT 323.21 718.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 377.29 718.35 Td (herein ) Tj ET Q q 0 0 0 rg BT 405.82 718.35 Td (by ) Tj ET Q q 0 0 0 rg BT 419.37 718.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 460.09 718.35 Td (contains ) Tj ET Q q 0 0 0 rg BT 496.96 718.35 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.12 706.35 Td (within ) Tj ET Q q 0 0 0 rg BT 120.09 706.35 Td (the ) Tj ET Q q 0 0 0 rg BT 133.72 706.35 Td (meaning ) Tj ET Q q 0 0 0 rg BT 169.56 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 179.30 706.35 Td (Section27A) Tj ET Q q 0 0 0 rg BT 228.46 706.35 Td ( ) Tj ET Q q 0 0 0 rg BT 229.88 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 239.62 706.35 Td (the ) Tj ET Q q 0 0 0 rg BT 253.24 706.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 293.77 706.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 309.62 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 319.36 706.35 Td (1933, ) Tj ET Q q 0 0 0 rg BT 343.27 706.35 Td (as ) Tj ET Q q 0 0 0 rg BT 353.01 706.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 393.02 706.35 Td (and ) Tj ET Q q 0 0 0 rg BT 408.87 706.35 Td (Section21E ) Tj ET Q q 0 0 0 rg BT 458.88 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 468.62 706.35 Td (the ) Tj ET Q q 0 0 0 rg BT 482.25 706.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 523.09 706.35 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.07 694.35 Td (of ) Tj ET Q q 0 0 0 rg BT 76.53 694.35 Td (1934, ) Tj ET Q q 0 0 0 rg BT 101.16 694.35 Td (as ) Tj ET Q q 0 0 0 rg BT 111.62 694.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 152.35 694.35 Td (which ) Tj ET Q q 0 0 0 rg BT 178.92 694.35 Td (are ) Tj ET Q q 0 0 0 rg BT 193.26 694.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 223.71 694.35 Td (to ) Tj ET Q q 0 0 0 rg BT 233.62 694.35 Td (the ) Tj ET Q q 0 0 0 rg BT 247.97 694.35 Td (safe ) Tj ET Q q 0 0 0 rg BT 270.64 694.35 Td (harbor ) Tj ET Q q 0 0 0 rg BT 303.31 694.35 Td (created ) Tj ET Q q 0 0 0 rg BT 334.30 694.35 Td (by ) Tj ET Q q 0 0 0 rg BT 346.43 694.35 Td (those ) Tj ET Q q 0 0 0 rg BT 369.67 694.35 Td (sections. ) Tj ET Q q 0 0 0 rg BT 406.37 694.35 Td (These ) Tj ET Q q 0 0 0 rg BT 432.38 694.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 476.72 694.35 Td (relate ) Tj ET Q q 0 0 0 rg BT 501.05 694.35 Td (to ) Tj ET Q q 0 0 0 rg BT 510.96 694.35 Td (future ) Tj ET Q q 0 0 0 rg BT 536.97 694.35 Td (events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.35 Td (or ) Tj ET Q q 0 0 0 rg BT 60.59 682.35 Td (our ) Tj ET Q q 0 0 0 rg BT 76.67 682.35 Td (future ) Tj ET Q q 0 0 0 rg BT 103.30 682.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.04 682.35 Td (performance. ) Tj ET Q q 0 0 0 rg BT 196.82 682.35 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 267.34 682.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 312.31 682.35 Td (may ) Tj ET Q q 0 0 0 rg BT 332.28 682.35 Td (include ) Tj ET Q q 0 0 0 rg BT 364.47 682.35 Td (words ) Tj ET Q q 0 0 0 rg BT 391.67 682.35 Td (such ) Tj ET Q q 0 0 0 rg BT 412.75 682.35 Td (as ) Tj ET Q q 0 0 0 rg BT 423.84 682.35 Td (may) Tj ET Q q 0 0 0 rg BT 444.84 682.35 Td (, ) Tj ET Q q 0 0 0 rg BT 454.54 682.35 Td (will, ) Tj ET Q q 0 0 0 rg BT 484.23 682.35 Td (should, ) Tj ET Q q 0 0 0 rg BT 525.03 682.35 Td (expect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.35 Td (plan, ) Tj ET Q q 0 0 0 rg BT 80.54 670.35 Td (intend, ) Tj ET Q q 0 0 0 rg BT 119.37 670.35 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 172.06 670.35 Td (believe, ) Tj ET Q q 0 0 0 rg BT 214.76 670.35 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 261.91 670.35 Td (predict, ) Tj ET Q q 0 0 0 rg BT 303.50 670.35 Td (potential, ) Tj ET Q q 0 0 0 rg BT 352.32 670.35 Td (continue ) Tj ET Q q 0 0 0 rg BT 398.08 670.35 Td (or ) Tj ET Q q 0 0 0 rg BT 408.86 670.35 Td (other ) Tj ET Q q 0 0 0 rg BT 431.85 670.35 Td (wording ) Tj ET Q q 0 0 0 rg BT 467.63 670.35 Td (indicating ) Tj ET Q q 0 0 0 rg BT 510.07 670.35 Td (future ) Tj ET Q q 0 0 0 rg BT 536.40 670.35 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.35 Td (or ) Tj ET Q q 0 0 0 rg BT 59.42 658.35 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 113.49 658.35 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 182.85 658.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.66 658.35 Td (are ) Tj ET Q q 0 0 0 rg BT 240.46 658.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.37 658.35 Td (to ) Tj ET Q q 0 0 0 rg BT 279.74 658.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 300.23 658.35 Td (and ) Tj ET Q q 0 0 0 rg BT 316.26 658.35 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 371.44 658.35 Td (and ) Tj ET Q q 0 0 0 rg BT 387.47 658.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 412.93 658.35 Td (events ) Tj ET Q q 0 0 0 rg BT 440.07 658.35 Td (or ) Tj ET Q q 0 0 0 rg BT 449.99 658.35 Td (results ) Tj ET Q q 0 0 0 rg BT 477.69 658.35 Td (may ) Tj ET Q q 0 0 0 rg BT 496.50 658.35 Td (dif) Tj ET Q q 0 0 0 rg BT 507.43 658.35 Td (fer ) Tj ET Q q 0 0 0 rg BT 520.12 658.35 Td (materially) Tj ET Q q 0 0 0 rg BT 560.01 658.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.35 Td (Factors ) Tj ET Q q 0 0 0 rg BT 81.11 646.35 Td (that ) Tj ET Q q 0 0 0 rg BT 98.27 646.35 Td (could ) Tj ET Q q 0 0 0 rg BT 122.65 646.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 147.03 646.35 Td (our ) Tj ET Q q 0 0 0 rg BT 162.52 646.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 188.56 646.35 Td (results ) Tj ET Q q 0 0 0 rg BT 216.84 646.35 Td (to ) Tj ET Q q 0 0 0 rg BT 226.78 646.35 Td (dif) Tj ET Q q 0 0 0 rg BT 237.71 646.35 Td (fer ) Tj ET Q q 0 0 0 rg BT 250.98 646.35 Td (materially ) Tj ET Q q 0 0 0 rg BT 293.68 646.35 Td (include, ) Tj ET Q q 0 0 0 rg BT 327.78 646.35 Td (but ) Tj ET Q q 0 0 0 rg BT 342.73 646.35 Td (are ) Tj ET Q q 0 0 0 rg BT 357.10 646.35 Td (not ) Tj ET Q q 0 0 0 rg BT 372.04 646.35 Td (limited ) Tj ET Q q 0 0 0 rg BT 402.54 646.35 Td (to, ) Tj ET Q q 0 0 0 rg BT 414.99 646.35 Td (those ) Tj ET Q q 0 0 0 rg BT 438.26 646.35 Td (discussed ) Tj ET Q q 0 0 0 rg BT 478.76 646.35 Td (under ) Tj ET Q q 0 0 0 rg BT 503.70 646.35 Td (Risk ) Tj ET Q q 0 0 0 rg BT 528.64 646.35 Td (Factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.35 Td (in ) Tj ET Q q 0 0 0 rg BT 59.47 634.35 Td (this ) Tj ET Q q 0 0 0 rg BT 76.11 634.35 Td (report. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.52 634.35 Td (W) Tj ET Q q 0 0 0 rg BT 113.15 634.35 Td (e ) Tj ET Q q 0 0 0 rg BT 119.78 634.35 Td (also ) Tj ET Q q 0 0 0 rg BT 138.08 634.35 Td (face ) Tj ET Q q 0 0 0 rg BT 156.92 634.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 178.00 634.35 Td (and ) Tj ET Q q 0 0 0 rg BT 194.63 634.35 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 247.90 634.35 Td (relating ) Tj ET Q q 0 0 0 rg BT 280.64 634.35 Td (to ) Tj ET Q q 0 0 0 rg BT 290.60 634.35 Td (our ) Tj ET Q q 0 0 0 rg BT 306.12 634.35 Td (business ) Tj ET Q q 0 0 0 rg BT 342.21 634.35 Td (including: ) Tj ET Q q 0 0 0 rg BT 384.95 634.35 Td (outages ) Tj ET Q q 0 0 0 rg BT 417.68 634.35 Td (and ) Tj ET Q q 0 0 0 rg BT 434.31 634.35 Td (other ) Tj ET Q q 0 0 0 rg BT 457.05 634.35 Td (system ) Tj ET Q q 0 0 0 rg BT 487.02 634.35 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 540.31 634.35 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 634.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 71.23 622.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 91.85 622.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 129.69 622.35 Td (service, ) Tj ET Q q 0 0 0 rg BT 163.35 622.35 Td (our ) Tj ET Q q 0 0 0 rg BT 179.53 622.35 Td (hosted ) Tj ET Q q 0 0 0 rg BT 208.49 622.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 256.89 622.35 Td (software ) Tj ET Q q 0 0 0 rg BT 294.16 622.35 Td (and ) Tj ET Q q 0 0 0 rg BT 311.45 622.35 Td (any ) Tj ET Q q 0 0 0 rg BT 328.74 622.35 Td (related ) Tj ET Q q 0 0 0 rg BT 358.79 622.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 388.85 622.35 Td (on ) Tj ET Q q 0 0 0 rg BT 401.70 622.35 Td (our ) Tj ET Q q 0 0 0 rg BT 417.88 622.35 Td (reputation; ) Tj ET Q q 0 0 0 rg BT 464.05 622.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 514.11 622.35 Td (in ) Tj ET Q q 0 0 0 rg BT 524.74 622.35 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (lending ) Tj ET Q q 0 0 0 rg BT 82.20 610.35 Td (volume; ) Tj ET Q q 0 0 0 rg BT 117.68 610.35 Td (the ) Tj ET Q q 0 0 0 rg BT 132.60 610.35 Td (volume ) Tj ET Q q 0 0 0 rg BT 165.30 610.35 Td (of ) Tj ET Q q 0 0 0 rg BT 176.34 610.35 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 220.70 610.35 Td (originated ) Tj ET Q q 0 0 0 rg BT 263.94 610.35 Td (by ) Tj ET Q q 0 0 0 rg BT 276.65 610.35 Td (our ) Tj ET Q q 0 0 0 rg BT 292.68 610.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 340.94 610.35 Td (users; ) Tj ET Q q 0 0 0 rg BT 366.97 610.35 Td (the ) Tj ET Q q 0 0 0 rg BT 381.89 610.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 411.81 610.35 Td (of ) Tj ET Q q 0 0 0 rg BT 422.84 610.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 457.76 610.35 Td (in ) Tj ET Q q 0 0 0 rg BT 468.24 610.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 508.71 610.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 540.85 610.35 Td (rates; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.29 598.35 Td (in ) Tj ET Q q 0 0 0 rg BT 94.66 598.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 135.01 598.35 Td (originator) Tj ET Q q 0 0 0 rg BT 174.05 598.35 Td (, ) Tj ET Q q 0 0 0 rg BT 179.13 598.35 Td (lender) Tj ET Q q 0 0 0 rg BT 203.72 598.35 Td (, ) Tj ET Q q 0 0 0 rg BT 208.81 598.35 Td (investor ) Tj ET Q q 0 0 0 rg BT 243.61 598.35 Td (or ) Tj ET Q q 0 0 0 rg BT 254.53 598.35 Td (service ) Tj ET Q q 0 0 0 rg BT 285.43 598.35 Td (provider ) Tj ET Q q 0 0 0 rg BT 321.90 598.35 Td (behavior ) Tj ET Q q 0 0 0 rg BT 359.47 598.35 Td (and ) Tj ET Q q 0 0 0 rg BT 376.50 598.35 Td (any ) Tj ET Q q 0 0 0 rg BT 393.52 598.35 Td (related ) Tj ET Q q 0 0 0 rg BT 423.31 598.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 453.11 598.35 Td (on ) Tj ET Q q 0 0 0 rg BT 465.70 598.35 Td (the ) Tj ET Q q 0 0 0 rg BT 480.51 598.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 524.74 598.35 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.35 Td (industry; ) Tj ET Q q 0 0 0 rg BT 86.70 586.35 Td (our ) Tj ET Q q 0 0 0 rg BT 101.67 586.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 128.86 586.35 Td (to ) Tj ET Q q 0 0 0 rg BT 138.28 586.35 Td (accurately ) Tj ET Q q 0 0 0 rg BT 181.00 586.35 Td (forecast ) Tj ET Q q 0 0 0 rg BT 214.29 586.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 251.46 586.35 Td (and ) Tj ET Q q 0 0 0 rg BT 267.54 586.35 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 322.49 586.35 Td (plan ) Tj ET Q q 0 0 0 rg BT 341.35 586.35 Td (our ) Tj ET Q q 0 0 0 rg BT 356.32 586.35 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 396.84 586.35 Td (the ) Tj ET Q q 0 0 0 rg BT 410.70 586.35 Td (number ) Tj ET Q q 0 0 0 rg BT 442.88 586.35 Td (of ) Tj ET Q q 0 0 0 rg BT 452.85 586.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 500.04 586.35 Td (users, ) Tj ET Q q 0 0 0 rg BT 524.73 586.35 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.35 Td (contracted ) Tj ET Q q 0 0 0 rg BT 94.36 574.35 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 117.58 574.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 166.35 574.35 Td (users; ) Tj ET Q q 0 0 0 rg BT 192.90 574.35 Td (the ) Tj ET Q q 0 0 0 rg BT 208.34 574.35 Td (ef) Tj ET Q q 0 0 0 rg BT 215.93 574.35 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 263.58 574.35 Td (of ) Tj ET Q q 0 0 0 rg BT 275.13 574.35 Td (our ) Tj ET Q q 0 0 0 rg BT 291.68 574.35 Td (marketing ) Tj ET Q q 0 0 0 rg BT 335.44 574.35 Td (and ) Tj ET Q q 0 0 0 rg BT 353.10 574.35 Td (sales ) Tj ET Q q 0 0 0 rg BT 375.76 574.35 Td (ef) Tj ET Q q 0 0 0 rg BT 383.35 574.35 Td (forts ) Tj ET Q q 0 0 0 rg BT 404.90 574.35 Td (to ) Tj ET Q q 0 0 0 rg BT 415.90 574.35 Td (attract ) Tj ET Q q 0 0 0 rg BT 444.11 574.35 Td (new ) Tj ET Q q 0 0 0 rg BT 463.99 574.35 Td (and ) Tj ET Q q 0 0 0 rg BT 481.65 574.35 Td (retain ) Tj ET Q q 0 0 0 rg BT 507.63 574.35 Td (existing ) Tj ET Q q 0 0 0 rg BT 542.52 574.35 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.38 562.35 Td (users ) Tj ET Q q 0 0 0 rg BT 120.26 562.35 Td (and ) Tj ET Q q 0 0 0 rg BT 137.03 562.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 158.24 562.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 178.34 562.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 215.66 562.35 Td (participants; ) Tj ET Q q 0 0 0 rg BT 267.42 562.35 Td (transaction ) Tj ET Q q 0 0 0 rg BT 313.62 562.35 Td (volume ) Tj ET Q q 0 0 0 rg BT 345.95 562.35 Td (on ) Tj ET Q q 0 0 0 rg BT 358.28 562.35 Td (the ) Tj ET Q q 0 0 0 rg BT 372.83 562.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 394.04 562.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 414.14 562.35 Td (Network; ) Tj ET Q q 0 0 0 rg BT 454.24 562.35 Td (the ) Tj ET Q q 0 0 0 rg BT 468.78 562.35 Td (level ) Tj ET Q q 0 0 0 rg BT 490.55 562.35 Td (of ) Tj ET Q q 0 0 0 rg BT 501.21 562.35 Td (demand ) Tj ET Q q 0 0 0 rg BT 535.20 562.35 Td (for ) Tj ET Q q 0 0 0 rg BT 549.19 562.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.21 550.35 Td (Docs ) Tj ET Q q 0 0 0 rg BT 121.93 550.35 Td (Solution ) Tj ET Q q 0 0 0 rg BT 159.00 550.35 Td (and ) Tj ET Q q 0 0 0 rg BT 176.61 550.35 Td (other ) Tj ET Q q 0 0 0 rg BT 200.32 550.35 Td (services ) Tj ET Q q 0 0 0 rg BT 235.70 550.35 Td (we ) Tj ET Q q 0 0 0 rg BT 250.52 550.35 Td (of) Tj ET Q q 0 0 0 rg BT 258.67 550.35 Td (fer; ) Tj ET Q q 0 0 0 rg BT 275.72 550.35 Td (the ) Tj ET Q q 0 0 0 rg BT 291.10 550.35 Td (level ) Tj ET Q q 0 0 0 rg BT 313.70 550.35 Td (of ) Tj ET Q q 0 0 0 rg BT 325.20 550.35 Td (adoption ) Tj ET Q q 0 0 0 rg BT 363.37 550.35 Td (of ) Tj ET Q q 0 0 0 rg BT 374.86 550.35 Td (our ) Tj ET Q q 0 0 0 rg BT 391.13 550.35 Td (T) Tj ET Q q 0 0 0 rg BT 396.54 550.35 Td (otal ) Tj ET Q q 0 0 0 rg BT 414.71 550.35 Td (Quality ) Tj ET Q q 0 0 0 rg BT 447.87 550.35 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 474.08 550.35 Td (or ) Tj ET Q q 0 0 0 rg BT 485.35 550.35 Td (TQL, ) Tj ET Q q 0 0 0 rg BT 510.46 550.35 Td (program; ) Tj ET Q q 0 0 0 rg BT 550.28 550.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.35 Td (timing ) Tj ET Q q 0 0 0 rg BT 77.78 538.35 Td (of ) Tj ET Q q 0 0 0 rg BT 88.27 538.35 Td (the ) Tj ET Q q 0 0 0 rg BT 102.66 538.35 Td (introduction ) Tj ET Q q 0 0 0 rg BT 153.70 538.35 Td (and ) Tj ET Q q 0 0 0 rg BT 170.31 538.35 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 216.32 538.35 Td (of ) Tj ET Q q 0 0 0 rg BT 226.82 538.35 Td (new ) Tj ET Q q 0 0 0 rg BT 245.64 538.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 266.69 538.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 286.62 538.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 323.78 538.35 Td (of) Tj ET Q q 0 0 0 rg BT 331.93 538.35 Td (ferings ) Tj ET Q q 0 0 0 rg BT 361.86 538.35 Td (and ) Tj ET Q q 0 0 0 rg BT 378.47 538.35 Td (new ) Tj ET Q q 0 0 0 rg BT 397.29 538.35 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 444.44 538.35 Td (services; ) Tj ET Q q 0 0 0 rg BT 481.59 538.35 Td (our ) Tj ET Q q 0 0 0 rg BT 497.09 538.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 524.81 538.35 Td (to ) Tj ET Q q 0 0 0 rg BT 534.75 538.35 Td (protect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.35 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 526.35 Td (confidential ) Tj ET Q q 0 0 0 rg BT 115.34 526.35 Td (information ) Tj ET Q q 0 0 0 rg BT 165.48 526.35 Td (of ) Tj ET Q q 0 0 0 rg BT 176.75 526.35 Td (our ) Tj ET Q q 0 0 0 rg BT 193.01 526.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 241.49 526.35 Td (users, ) Tj ET Q q 0 0 0 rg BT 267.47 526.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 289.29 526.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 309.99 526.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 347.91 526.35 Td (participants ) Tj ET Q q 0 0 0 rg BT 397.49 526.35 Td (and ) Tj ET Q q 0 0 0 rg BT 414.86 526.35 Td (their ) Tj ET Q q 0 0 0 rg BT 436.12 526.35 Td (respective ) Tj ET Q q 0 0 0 rg BT 479.58 526.35 Td (customers; ) Tj ET Q q 0 0 0 rg BT 525.84 526.35 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.35 Td (renewal ) Tj ET Q q 0 0 0 rg BT 83.73 514.35 Td (and ) Tj ET Q q 0 0 0 rg BT 100.76 514.35 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 135.56 514.35 Td (rates; ) Tj ET Q q 0 0 0 rg BT 159.80 514.35 Td (the ) Tj ET Q q 0 0 0 rg BT 174.61 514.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 214.95 514.35 Td (time, ) Tj ET Q q 0 0 0 rg BT 237.82 514.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 256.51 514.35 Td (and ) Tj ET Q q 0 0 0 rg BT 273.54 514.35 Td (complexity ) Tj ET Q q 0 0 0 rg BT 321.12 514.35 Td (that ) Tj ET Q q 0 0 0 rg BT 338.71 514.35 Td (may ) Tj ET Q q 0 0 0 rg BT 358.51 514.35 Td (be ) Tj ET Q q 0 0 0 rg BT 370.54 514.35 Td (required ) Tj ET Q q 0 0 0 rg BT 406.44 514.35 Td (to ) Tj ET Q q 0 0 0 rg BT 416.81 514.35 Td (successfully ) Tj ET Q q 0 0 0 rg BT 468.28 514.35 Td (tar) Tj ET Q q 0 0 0 rg BT 478.64 514.35 Td (get ) Tj ET Q q 0 0 0 rg BT 493.45 514.35 Td (lar) Tj ET Q q 0 0 0 rg BT 503.82 514.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 519.17 514.35 Td (customers; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 66.04 502.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 94.79 502.35 Td (to ) Tj ET Q q 0 0 0 rg BT 105.78 502.35 Td (scale ) Tj ET Q q 0 0 0 rg BT 128.97 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 145.50 502.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.36 502.35 Td (and ) Tj ET Q q 0 0 0 rg BT 208.01 502.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 243.97 502.35 Td (productivity ) Tj ET Q q 0 0 0 rg BT 296.06 502.35 Td (to ) Tj ET Q q 0 0 0 rg BT 307.04 502.35 Td (support ) Tj ET Q q 0 0 0 rg BT 340.24 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 356.78 502.35 Td (existing ) Tj ET Q q 0 0 0 rg BT 391.65 502.35 Td (and ) Tj ET Q q 0 0 0 rg BT 409.29 502.35 Td (growing ) Tj ET Q q 0 0 0 rg BT 445.83 502.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 485.69 502.35 Td (base; ) Tj ET Q q 0 0 0 rg BT 509.44 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 525.98 502.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.74 502.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.35 Td (successfully ) Tj ET Q q 0 0 0 rg BT 100.83 490.35 Td (manage ) Tj ET Q q 0 0 0 rg BT 134.38 490.35 Td (our ) Tj ET Q q 0 0 0 rg BT 150.17 490.35 Td (growth ) Tj ET Q q 0 0 0 rg BT 180.95 490.35 Td (and ) Tj ET Q q 0 0 0 rg BT 197.84 490.35 Td (any ) Tj ET Q q 0 0 0 rg BT 214.74 490.35 Td (future ) Tj ET Q q 0 0 0 rg BT 241.07 490.35 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 291.30 490.35 Td (of ) Tj ET Q q 0 0 0 rg BT 302.08 490.35 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 349.26 490.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 387.83 490.35 Td (or ) Tj ET Q q 0 0 0 rg BT 398.62 490.35 Td (technologies; ) Tj ET Q q 0 0 0 rg BT 454.39 490.35 Td (the ) Tj ET Q q 0 0 0 rg BT 469.07 490.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 486.52 490.35 Td (that ) Tj ET Q q 0 0 0 rg BT 503.97 490.35 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 490.35 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.35 Td (benefits ) Tj ET Q q 0 0 0 rg BT 84.05 478.35 Td (and ) Tj ET Q q 0 0 0 rg BT 101.38 478.35 Td (growth ) Tj ET Q q 0 0 0 rg BT 132.61 478.35 Td (prospects ) Tj ET Q q 0 0 0 rg BT 173.27 478.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 211.70 478.35 Td (from ) Tj ET Q q 0 0 0 rg BT 234.04 478.35 Td (the ) Tj ET Q q 0 0 0 rg BT 249.15 478.35 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 310.92 478.35 Td (and ) Tj ET Q q 0 0 0 rg BT 327.62 478.35 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 363.29 478.35 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 410.07 478.35 Td (may ) Tj ET Q q 0 0 0 rg BT 430.18 478.35 Td (not ) Tj ET Q q 0 0 0 rg BT 445.85 478.35 Td (be ) Tj ET Q q 0 0 0 rg BT 458.19 478.35 Td (fully ) Tj ET Q q 0 0 0 rg BT 479.97 478.35 Td (realized ) Tj ET Q q 0 0 0 rg BT 514.51 478.35 Td (or ) Tj ET Q q 0 0 0 rg BT 525.73 478.35 Td (may ) Tj ET Q q 0 0 0 rg BT 545.84 478.35 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.35 Td (longer ) Tj ET Q q 0 0 0 rg BT 76.81 466.35 Td (to ) Tj ET Q q 0 0 0 rg BT 86.35 466.35 Td (realize ) Tj ET Q q 0 0 0 rg BT 114.76 466.35 Td (than ) Tj ET Q q 0 0 0 rg BT 133.74 466.35 Td (expected; ) Tj ET Q q 0 0 0 rg BT 173.81 466.35 Td (the ) Tj ET Q q 0 0 0 rg BT 187.79 466.35 Td (timing ) Tj ET Q q 0 0 0 rg BT 215.67 466.35 Td (of ) Tj ET Q q 0 0 0 rg BT 225.77 466.35 Td (future ) Tj ET Q q 0 0 0 rg BT 251.41 466.35 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 300.95 466.35 Td (of ) Tj ET Q q 0 0 0 rg BT 311.04 466.35 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 357.53 466.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 395.41 466.35 Td (or ) Tj ET Q q 0 0 0 rg BT 405.50 466.35 Td (technologies ) Tj ET Q q 0 0 0 rg BT 457.81 466.35 Td (and ) Tj ET Q q 0 0 0 rg BT 474.01 466.35 Td (new ) Tj ET Q q 0 0 0 rg BT 492.44 466.35 Td (product ) Tj ET Q q 0 0 0 rg BT 524.75 466.35 Td (launches; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.35 Td (the ) Tj ET Q q 0 0 0 rg BT 65.37 454.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 96.23 454.35 Td (of ) Tj ET Q q 0 0 0 rg BT 108.21 454.35 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 149.06 454.35 Td (domestic ) Tj ET Q q 0 0 0 rg BT 188.81 454.35 Td (and ) Tj ET Q q 0 0 0 rg BT 206.90 454.35 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 253.31 454.35 Td (economic ) Tj ET Q q 0 0 0 rg BT 295.83 454.35 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 343.65 454.35 Td (including ) Tj ET Q q 0 0 0 rg BT 385.07 454.35 Td (the ) Tj ET Q q 0 0 0 rg BT 400.94 454.35 Td (resulting ) Tj ET Q q 0 0 0 rg BT 439.58 454.35 Td (ef) Tj ET Q q 0 0 0 rg BT 447.17 454.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.80 454.35 Td (on ) Tj ET Q q 0 0 0 rg BT 479.45 454.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 524.75 454.35 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.35 Td (volumes; ) Tj ET Q q 0 0 0 rg BT 89.44 442.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 124.93 442.35 Td (in ) Tj ET Q q 0 0 0 rg BT 135.98 442.35 Td (government ) Tj ET Q q 0 0 0 rg BT 187.03 442.35 Td (regulation ) Tj ET Q q 0 0 0 rg BT 230.85 442.35 Td (af) Tj ET Q q 0 0 0 rg BT 238.43 442.35 Td (fecting ) Tj ET Q q 0 0 0 rg BT 269.47 442.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 291.63 442.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 312.68 442.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 350.95 442.35 Td (participants ) Tj ET Q q 0 0 0 rg BT 400.88 442.35 Td (or ) Tj ET Q q 0 0 0 rg BT 412.48 442.35 Td (our ) Tj ET Q q 0 0 0 rg BT 429.09 442.35 Td (business, ) Tj ET Q q 0 0 0 rg BT 468.76 442.35 Td (and ) Tj ET Q q 0 0 0 rg BT 486.48 442.35 Td (potential ) Tj ET Q q 0 0 0 rg BT 524.75 442.35 Td (structural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.49 430.35 Td (in ) Tj ET Q q 0 0 0 rg BT 93.04 430.35 Td (the ) Tj ET Q q 0 0 0 rg BT 107.04 430.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 126.60 430.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 170.03 430.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 209.58 430.35 Td (industry; ) Tj ET Q q 0 0 0 rg BT 246.91 430.35 Td (the ) Tj ET Q q 0 0 0 rg BT 260.91 430.35 Td (attraction ) Tj ET Q q 0 0 0 rg BT 300.45 430.35 Td (and ) Tj ET Q q 0 0 0 rg BT 316.67 430.35 Td (retention ) Tj ET Q q 0 0 0 rg BT 353.99 430.35 Td (of ) Tj ET Q q 0 0 0 rg BT 364.10 430.35 Td (qualified ) Tj ET Q q 0 0 0 rg BT 401.42 430.35 Td (employees ) Tj ET Q q 0 0 0 rg BT 445.96 430.35 Td (and ) Tj ET Q q 0 0 0 rg BT 462.18 430.35 Td (key ) Tj ET Q q 0 0 0 rg BT 478.40 430.35 Td (personnel; ) Tj ET Q q 0 0 0 rg BT 521.84 430.35 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 430.35 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.35 Td (to ) Tj ET Q q 0 0 0 rg BT 59.68 418.35 Td (compete ) Tj ET Q q 0 0 0 rg BT 95.95 418.35 Td (ef) Tj ET Q q 0 0 0 rg BT 103.54 418.35 Td (fectively ) Tj ET Q q 0 0 0 rg BT 140.92 418.35 Td (in ) Tj ET Q q 0 0 0 rg BT 151.10 418.35 Td (a ) Tj ET Q q 0 0 0 rg BT 157.94 418.35 Td (highly ) Tj ET Q q 0 0 0 rg BT 185.89 418.35 Td (competitive ) Tj ET Q q 0 0 0 rg BT 235.50 418.35 Td (market ) Tj ET Q q 0 0 0 rg BT 265.66 418.35 Td (and ) Tj ET Q q 0 0 0 rg BT 282.50 418.35 Td (adapt ) Tj ET Q q 0 0 0 rg BT 306.56 418.35 Td (to ) Tj ET Q q 0 0 0 rg BT 316.73 418.35 Td (technological ) Tj ET Q q 0 0 0 rg BT 373.00 418.35 Td (changes; ) Tj ET Q q 0 0 0 rg BT 410.39 418.35 Td (our ) Tj ET Q q 0 0 0 rg BT 426.12 418.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 454.07 418.35 Td (to ) Tj ET Q q 0 0 0 rg BT 464.25 418.35 Td (enhance ) Tj ET Q q 0 0 0 rg BT 499.40 418.35 Td (the ) Tj ET Q q 0 0 0 rg BT 514.02 418.35 Td (features ) Tj ET Q q 0 0 0 rg BT 548.06 418.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.35 Td (functionality ) Tj ET Q q 0 0 0 rg BT 102.83 406.35 Td (of ) Tj ET Q q 0 0 0 rg BT 113.39 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 128.96 406.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 176.74 406.35 Td (software ) Tj ET Q q 0 0 0 rg BT 213.40 406.35 Td (and ) Tj ET Q q 0 0 0 rg BT 230.07 406.35 Td (the ) Tj ET Q q 0 0 0 rg BT 244.52 406.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 265.63 406.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 285.64 406.35 Td (Network; ) Tj ET Q q 0 0 0 rg BT 325.64 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 341.20 406.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 368.99 406.35 Td (to ) Tj ET Q q 0 0 0 rg BT 379.00 406.35 Td (protect ) Tj ET Q q 0 0 0 rg BT 408.99 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 424.56 406.35 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 471.21 406.35 Td (property) Tj ET Q q 0 0 0 rg BT 504.44 406.35 Td (, ) Tj ET Q q 0 0 0 rg BT 509.17 406.35 Td (including ) Tj ET Q q 0 0 0 rg BT 549.18 406.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.35 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 96.37 394.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 144.37 394.35 Td (software; ) Tj ET Q q 0 0 0 rg BT 184.02 394.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 206.47 394.35 Td (associated ) Tj ET Q q 0 0 0 rg BT 250.01 394.35 Td (with ) Tj ET Q q 0 0 0 rg BT 270.24 394.35 Td (defending ) Tj ET Q q 0 0 0 rg BT 312.67 394.35 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 359.54 394.35 Td (property ) Tj ET Q q 0 0 0 rg BT 395.87 394.35 Td (infringement ) Tj ET Q q 0 0 0 rg BT 449.96 394.35 Td (and ) Tj ET Q q 0 0 0 rg BT 466.85 394.35 Td (other ) Tj ET Q q 0 0 0 rg BT 489.84 394.35 Td (claims; ) Tj ET Q q 0 0 0 rg BT 521.17 394.35 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 394.35 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.35 Td (to ) Tj ET Q q 0 0 0 rg BT 58.80 382.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 95.32 382.35 Td (ef) Tj ET Q q 0 0 0 rg BT 102.91 382.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 131.64 382.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 163.70 382.35 Td (controls ) Tj ET Q q 0 0 0 rg BT 197.45 382.35 Td (and ) Tj ET Q q 0 0 0 rg BT 213.41 382.35 Td (the ) Tj ET Q q 0 0 0 rg BT 227.15 382.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 243.68 382.35 Td (of ) Tj ET Q q 0 0 0 rg BT 253.54 382.35 Td (natural ) Tj ET Q q 0 0 0 rg BT 282.83 382.35 Td (and ) Tj ET Q q 0 0 0 rg BT 298.79 382.35 Td (man-made ) Tj ET Q q 0 0 0 rg BT 342.52 382.35 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 392.35 382.35 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 444.98 382.35 Td (to ) Tj ET Q q 0 0 0 rg BT 454.29 382.35 Td (our ) Tj ET Q q 0 0 0 rg BT 469.14 382.35 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.54 382.35 Td ( ) Tj ET Q q 0 0 0 rg BT 507.06 382.35 Td ( ) Tj ET Q q 0 0 0 rg BT 508.48 382.35 Td (W) Tj ET Q q 0 0 0 rg BT 517.11 382.35 Td (e ) Tj ET Q q 0 0 0 rg BT 523.08 382.35 Td (undertake ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.35 Td (no ) Tj ET Q q 0 0 0 rg BT 61.99 370.35 Td (obligation ) Tj ET Q q 0 0 0 rg BT 105.04 370.35 Td (to ) Tj ET Q q 0 0 0 rg BT 115.31 370.35 Td (revise ) Tj ET Q q 0 0 0 rg BT 141.68 370.35 Td (or ) Tj ET Q q 0 0 0 rg BT 152.50 370.35 Td (update ) Tj ET Q q 0 0 0 rg BT 181.65 370.35 Td (any ) Tj ET Q q 0 0 0 rg BT 198.58 370.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 266.61 370.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 311.31 370.35 Td (to ) Tj ET Q q 0 0 0 rg BT 321.58 370.35 Td (reflect ) Tj ET Q q 0 0 0 rg BT 349.61 370.35 Td (any ) Tj ET Q q 0 0 0 rg BT 366.54 370.35 Td (event ) Tj ET Q q 0 0 0 rg BT 390.69 370.35 Td (or ) Tj ET Q q 0 0 0 rg BT 401.51 370.35 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 456.75 370.35 Td (that ) Tj ET Q q 0 0 0 rg BT 474.24 370.35 Td (arises ) Tj ET Q q 0 0 0 rg BT 499.50 370.35 Td (after ) Tj ET Q q 0 0 0 rg BT 520.31 370.35 Td (the ) Tj ET Q q 0 0 0 rg BT 535.02 370.35 Td (date ) Tj ET Q q 0 0 0 rg BT 554.17 370.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.35 Td (this ) Tj ET Q q 0 0 0 rg BT 66.45 358.35 Td (report, ) Tj ET Q q 0 0 0 rg BT 95.33 358.35 Td (or ) Tj ET Q q 0 0 0 rg BT 106.16 358.35 Td (to ) Tj ET Q q 0 0 0 rg BT 116.43 358.35 Td (conform ) Tj ET Q q 0 0 0 rg BT 152.81 358.35 Td (such ) Tj ET Q q 0 0 0 rg BT 173.64 358.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 218.35 358.35 Td (to ) Tj ET Q q 0 0 0 rg BT 228.63 358.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 255.00 358.35 Td (results ) Tj ET Q q 0 0 0 rg BT 283.61 358.35 Td (or ) Tj ET Q q 0 0 0 rg BT 294.44 358.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 329.15 358.35 Td (in ) Tj ET Q q 0 0 0 rg BT 339.43 358.35 Td (our ) Tj ET Q q 0 0 0 rg BT 355.26 358.35 Td (expectations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.50 336.45 Td (In ) Tj ET Q q 0 0 0 rg BT 107.12 336.45 Td (this ) Tj ET Q q 0 0 0 rg BT 123.85 336.45 Td (report, ) Tj ET Q q 0 0 0 rg BT 152.52 336.45 Td (references ) Tj ET Q q 0 0 0 rg BT 195.88 336.45 Td (to ) Tj ET Q q 0 0 0 rg BT 205.95 336.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 231.55 336.45 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 258.55 336.45 Td (the ) Tj ET Q q 0 0 0 rg BT 277.49 336.45 Td (Company) Tj ET Q q 0 0 0 rg BT 315.73 336.45 Td (, ) Tj ET Q q 0 0 0 rg BT 324.95 336.45 Td (we, ) Tj ET Q q 0 0 0 rg BT 350.28 336.45 Td (our ) Tj ET Q q 0 0 0 rg BT 374.77 336.45 Td (or ) Tj ET Q q 0 0 0 rg BT 385.39 336.45 Td (us ) Tj ET Q q 0 0 0 rg BT 405.45 336.45 Td (refer ) Tj ET Q q 0 0 0 rg BT 426.60 336.45 Td (to ) Tj ET Q q 0 0 0 rg BT 436.67 336.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 457.84 336.45 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 480.39 336.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 497.95 336.45 Td (together ) Tj ET Q q 0 0 0 rg BT 533.00 336.45 Td (with ) Tj ET Q q 0 0 0 rg BT 553.07 336.45 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.45 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 101.72 324.45 Td (unless ) Tj ET Q q 0 0 0 rg BT 129.22 324.45 Td (the ) Tj ET Q q 0 0 0 rg BT 143.93 324.45 Td (context ) Tj ET Q q 0 0 0 rg BT 175.87 324.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 210.57 324.45 Td (otherwise.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 292.65 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 292.65 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 292.65 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 292.65 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 271.83 Td (ITEM1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 271.83 Td (BUSINESS) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 241.35 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 241.35 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 241.35 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 224.95 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 224.95 Td (e ) Tj ET Q q 0 0 0 rg BT 87.95 224.95 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.54 224.95 Td (a ) Tj ET Q q 0 0 0 rg BT 109.35 224.95 Td (leading ) Tj ET Q q 0 0 0 rg BT 141.16 224.95 Td (provider ) Tj ET Q q 0 0 0 rg BT 177.42 224.95 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 224.95 Td (innovative ) Tj ET Q q 0 0 0 rg BT 232.71 224.95 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.08 224.95 Td (software ) Tj ET Q q 0 0 0 rg BT 316.88 224.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 355.38 224.95 Td (and ) Tj ET Q q 0 0 0 rg BT 372.19 224.95 Td (services ) Tj ET Q q 0 0 0 rg BT 406.78 224.95 Td (for ) Tj ET Q q 0 0 0 rg BT 420.81 224.95 Td (the ) Tj ET Q q 0 0 0 rg BT 435.41 224.95 Td (residential ) Tj ET Q q 0 0 0 rg BT 479.43 224.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.57 224.95 Td (industry ) Tj ET Q q 0 0 0 rg BT 554.73 224.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.95 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 212.95 Td (United ) Tj ET Q q 0 0 0 rg BT 94.46 212.95 Td (States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.35 212.95 Td (. ) Tj ET Q q 0 0 0 rg BT 123.62 212.95 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.93 212.95 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 188.01 212.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 236.33 212.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 276.85 212.95 Td (management ) Tj ET Q q 0 0 0 rg BT 330.71 212.95 Td (solution ) Tj ET Q q 0 0 0 rg BT 365.70 212.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 402.90 212.95 Td (one ) Tj ET Q q 0 0 0 rg BT 420.11 212.95 Td (system ) Tj ET Q q 0 0 0 rg BT 450.65 212.95 Td (of ) Tj ET Q q 0 0 0 rg BT 461.75 212.95 Td (record ) Tj ET Q q 0 0 0 rg BT 490.05 212.95 Td (that ) Tj ET Q q 0 0 0 rg BT 507.81 212.95 Td (allows ) Tj ET Q q 0 0 0 rg BT 536.68 212.95 Td (banks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.68 200.95 Td (unions ) Tj ET Q q 0 0 0 rg BT 105.77 200.95 Td (and ) Tj ET Q q 0 0 0 rg BT 123.62 200.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 164.80 200.95 Td (lenders ) Tj ET Q q 0 0 0 rg BT 197.10 200.95 Td (to ) Tj ET Q q 0 0 0 rg BT 208.29 200.95 Td (originate ) Tj ET Q q 0 0 0 rg BT 247.25 200.95 Td (and ) Tj ET Q q 0 0 0 rg BT 265.11 200.95 Td (fund ) Tj ET Q q 0 0 0 rg BT 286.85 200.95 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 331.93 200.95 Td (and ) Tj ET Q q 0 0 0 rg BT 349.78 200.95 Td (improve ) Tj ET Q q 0 0 0 rg BT 386.52 200.95 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 438.53 200.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 459.16 200.95 Td (quality ) Tj ET Q q 0 0 0 rg BT 490.35 200.95 Td (and ) Tj ET Q q 0 0 0 rg BT 508.21 200.95 Td (ef) Tj ET Q q 0 0 0 rg BT 515.80 200.95 Td (ficiency) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.35 200.95 Td (. ) Tj ET Q q 0 0 0 rg BT 552.51 200.95 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 188.95 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 188.95 Td (, ) Tj ET Q q 0 0 0 rg BT 133.08 188.95 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.34 188.95 Td (109,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.84 188.95 Td ( ) Tj ET Q q 0 0 0 rg BT 228.34 188.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 268.61 188.95 Td (professionals ) Tj ET Q q 0 0 0 rg BT 323.88 188.95 Td (used ) Tj ET Q q 0 0 0 rg BT 344.71 188.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 392.75 188.95 Td (for ) Tj ET Q q 0 0 0 rg BT 406.91 188.95 Td (their ) Tj ET Q q 0 0 0 rg BT 427.74 188.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 468.00 188.95 Td (management ) Tj ET Q q 0 0 0 rg BT 521.59 188.95 Td (solution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 172.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.51 172.55 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 138.51 172.55 Td (software ) Tj ET Q q 0 0 0 rg BT 175.39 172.55 Td (is ) Tj ET Q q 0 0 0 rg BT 184.52 172.55 Td (an ) Tj ET Q q 0 0 0 rg BT 196.41 172.55 Td (all-in-one, ) Tj ET Q q 0 0 0 rg BT 240.24 172.55 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 303.23 172.55 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 345.10 172.55 Td (solution ) Tj ET Q q 0 0 0 rg BT 379.79 172.55 Td (that ) Tj ET Q q 0 0 0 rg BT 397.24 172.55 Td (handles ) Tj ET Q q 0 0 0 rg BT 430.24 172.55 Td (most ) Tj ET Q q 0 0 0 rg BT 452.14 172.55 Td (of ) Tj ET Q q 0 0 0 rg BT 462.93 172.55 Td (the ) Tj ET Q q 0 0 0 rg BT 477.60 172.55 Td (functions ) Tj ET Q q 0 0 0 rg BT 517.27 172.55 Td (involved ) Tj ET Q q 0 0 0 rg BT 554.72 172.55 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.55 Td (running ) Tj ET Q q 0 0 0 rg BT 84.48 160.55 Td (the ) Tj ET Q q 0 0 0 rg BT 100.56 160.55 Td (business ) Tj ET Q q 0 0 0 rg BT 138.33 160.55 Td (of ) Tj ET Q q 0 0 0 rg BT 150.53 160.55 Td (originating ) Tj ET Q q 0 0 0 rg BT 198.28 160.55 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 243.80 160.55 Td (including: ) Tj ET Q q 0 0 0 rg BT 288.22 160.55 Td (customer ) Tj ET Q q 0 0 0 rg BT 328.75 160.55 Td (relationship ) Tj ET Q q 0 0 0 rg BT 379.83 160.55 Td (management; ) Tj ET Q q 0 0 0 rg BT 437.57 160.55 Td (loan ) Tj ET Q q 0 0 0 rg BT 458.65 160.55 Td (processing; ) Tj ET Q q 0 0 0 rg BT 508.07 160.55 Td (underwriting; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.55 Td (preparation ) Tj ET Q q 0 0 0 rg BT 96.77 148.55 Td (of ) Tj ET Q q 0 0 0 rg BT 106.85 148.55 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 146.35 148.55 Td (applications, ) Tj ET Q q 0 0 0 rg BT 198.92 148.55 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 241.20 148.55 Td (agreements ) Tj ET Q q 0 0 0 rg BT 288.48 148.55 Td (and ) Tj ET Q q 0 0 0 rg BT 304.66 148.55 Td (closing ) Tj ET Q q 0 0 0 rg BT 335.29 148.55 Td (documents; ) Tj ET Q q 0 0 0 rg BT 383.13 148.55 Td (funding ) Tj ET Q q 0 0 0 rg BT 415.98 148.55 Td (and ) Tj ET Q q 0 0 0 rg BT 432.17 148.55 Td (closing ) Tj ET Q q 0 0 0 rg BT 462.79 148.55 Td (the ) Tj ET Q q 0 0 0 rg BT 476.75 148.55 Td (loan ) Tj ET Q q 0 0 0 rg BT 495.71 148.55 Td (for ) Tj ET Q q 0 0 0 rg BT 509.11 148.55 Td (the ) Tj ET Q q 0 0 0 rg BT 523.07 148.55 Td (borrower; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.55 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.04 136.55 Td (with ) Tj ET Q q 0 0 0 rg BT 118.28 136.55 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 161.83 136.55 Td (and ) Tj ET Q q 0 0 0 rg BT 178.72 136.55 Td (investor ) Tj ET Q q 0 0 0 rg BT 213.40 136.55 Td (requirements ) Tj ET Q q 0 0 0 rg BT 268.05 136.55 Td (and ) Tj ET Q q 0 0 0 rg BT 284.95 136.55 Td (overall ) Tj ET Q q 0 0 0 rg BT 315.17 136.55 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 357.05 136.55 Td (management ) Tj ET Q q 0 0 0 rg BT 410.59 136.55 Td (that ) Tj ET Q q 0 0 0 rg BT 428.04 136.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 464.94 136.55 Td (one ) Tj ET Q q 0 0 0 rg BT 481.83 136.55 Td (system ) Tj ET Q q 0 0 0 rg BT 512.07 136.55 Td (of ) Tj ET Q q 0 0 0 rg BT 522.85 136.55 Td (record ) Tj ET Q q 0 0 0 rg BT 550.85 136.55 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.55 Td (loans. ) Tj ET Q q 0 0 0 rg BT 76.17 124.55 Td (Delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.22 124.55 Td (of ) Tj ET Q q 0 0 0 rg BT 125.61 124.55 Td (our ) Tj ET Q q 0 0 0 rg BT 142.01 124.55 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 190.62 124.55 Td (software ) Tj ET Q q 0 0 0 rg BT 228.11 124.55 Td (in ) Tj ET Q q 0 0 0 rg BT 238.95 124.55 Td (an ) Tj ET Q q 0 0 0 rg BT 251.45 124.55 Td (on-demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.44 124.55 Td ( ) Tj ET Q q 0 0 0 rg BT 299.50 124.55 Td (Software-as-a-Service, ) Tj ET Q q 0 0 0 rg BT 393.90 124.55 Td (or ) Tj ET Q q 0 0 0 rg BT 405.30 124.55 Td (SaaS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.86 124.55 Td (environment ) Tj ET Q q 0 0 0 rg BT 484.47 124.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 521.97 124.55 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.55 Td (with ) Tj ET Q q 0 0 0 rg BT 70.53 112.55 Td (the ) Tj ET Q q 0 0 0 rg BT 86.00 112.55 Td (added ) Tj ET Q q 0 0 0 rg BT 113.13 112.55 Td (benefits ) Tj ET Q q 0 0 0 rg BT 148.04 112.55 Td (of ) Tj ET Q q 0 0 0 rg BT 159.62 112.55 Td (lower ) Tj ET Q q 0 0 0 rg BT 185.64 112.55 Td (up ) Tj ET Q q 0 0 0 rg BT 198.89 112.55 Td (front ) Tj ET Q q 0 0 0 rg BT 221.58 112.55 Td (implementation ) Tj ET Q q 0 0 0 rg BT 287.60 112.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.85 112.55 Td (and ) Tj ET Q q 0 0 0 rg BT 328.54 112.55 Td (reduced ) Tj ET Q q 0 0 0 rg BT 363.44 112.55 Td (need ) Tj ET Q q 0 0 0 rg BT 385.56 112.55 Td (for ) Tj ET Q q 0 0 0 rg BT 400.48 112.55 Td (an ) Tj ET Q q 0 0 0 rg BT 413.17 112.55 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 470.28 112.55 Td (of ) Tj ET Q q 0 0 0 rg BT 481.86 112.55 Td (servers, ) Tj ET Q q 0 0 0 rg BT 515.94 112.55 Td (storage ) Tj ET Q q 0 0 0 rg BT 548.06 112.55 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.55 Td (network ) Tj ET Q q 0 0 0 rg BT 84.13 100.55 Td (devices. ) Tj ET Q q 0 0 0 rg BT 118.47 100.55 Td ( ) Tj ET Q q 0 0 0 rg BT 120.33 100.55 Td (Moreover) Tj ET Q q 0 0 0 rg BT 159.36 100.55 Td (, ) Tj ET Q q 0 0 0 rg BT 163.72 100.55 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 185.58 100.55 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 232.99 100.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 269.28 100.55 Td (access ) Tj ET Q q 0 0 0 rg BT 296.68 100.55 Td (to ) Tj ET Q q 0 0 0 rg BT 306.32 100.55 Td (the ) Tj ET Q q 0 0 0 rg BT 320.39 100.55 Td (most ) Tj ET Q q 0 0 0 rg BT 341.70 100.55 Td (current ) Tj ET Q q 0 0 0 rg BT 371.88 100.55 Td (version ) Tj ET Q q 0 0 0 rg BT 403.17 100.55 Td (of ) Tj ET Q q 0 0 0 rg BT 413.36 100.55 Td (software, ) Tj ET Q q 0 0 0 rg BT 452.15 100.55 Td (including ) Tj ET Q q 0 0 0 rg BT 491.78 100.55 Td (periodic ) Tj ET Q q 0 0 0 rg BT 526.41 100.55 Td (upgrades ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.55 Td (and ) Tj ET Q q 0 0 0 rg BT 66.98 88.55 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 111.11 88.55 Td (updates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.66 88.55 Td (. ) Tj ET Q q 0 0 0 rg BT 146.98 88.55 Td (W) Tj ET Q q 0 0 0 rg BT 155.62 88.55 Td (e ) Tj ET Q q 0 0 0 rg BT 163.10 88.55 Td (also ) Tj ET Q q 0 0 0 rg BT 182.25 88.55 Td (host ) Tj ET Q q 0 0 0 rg BT 201.96 88.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.22 88.55 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 239.14 88.55 Td (Mae ) Tj ET Q q 0 0 0 rg BT 259.95 88.55 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.94 88.55 Td (, ) Tj ET Q q 0 0 0 rg BT 300.48 88.55 Td (a ) Tj ET Q q 0 0 0 rg BT 307.96 88.55 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 355.43 88.55 Td (electronic ) Tj ET Q q 0 0 0 rg BT 397.89 88.55 Td (platform ) Tj ET Q q 0 0 0 rg BT 435.36 88.55 Td (that ) Tj ET Q q 0 0 0 rg BT 453.40 88.55 Td (allows ) Tj ET Q q 0 0 0 rg BT 482.55 88.55 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 531.13 88.55 Td (users ) Tj ET Q q 0 0 0 rg BT 554.73 88.55 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.55 Td (conduct ) Tj ET Q q 0 0 0 rg BT 83.66 76.55 Td (electronic ) Tj ET Q q 0 0 0 rg BT 125.57 76.55 Td (business ) Tj ET Q q 0 0 0 rg BT 161.97 76.55 Td (transactions ) Tj ET Q q 0 0 0 rg BT 212.23 76.55 Td (with ) Tj ET Q q 0 0 0 rg BT 232.51 76.55 Td (investors ) Tj ET Q q 0 0 0 rg BT 271.12 76.55 Td (and ) Tj ET Q q 0 0 0 rg BT 288.05 76.55 Td (service ) Tj ET Q q 0 0 0 rg BT 318.87 76.55 Td (providers ) Tj ET Q q 0 0 0 rg BT 359.14 76.55 Td (they ) Tj ET Q q 0 0 0 rg BT 378.86 76.55 Td (work ) Tj ET Q q 0 0 0 rg BT 401.91 76.55 Td (with ) Tj ET Q q 0 0 0 rg BT 422.19 76.55 Td (in ) Tj ET Q q 0 0 0 rg BT 432.46 76.55 Td (order ) Tj ET Q q 0 0 0 rg BT 456.06 76.55 Td (to ) Tj ET Q q 0 0 0 rg BT 466.34 76.55 Td (process ) Tj ET Q q 0 0 0 rg BT 498.83 76.55 Td (and ) Tj ET Q q 0 0 0 rg BT 515.77 76.55 Td (fund ) Tj ET Q q 0 0 0 rg BT 536.60 76.55 Td (loans.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 528.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 114.10 528.30 Td (originators ) Tj ET Q q 0 0 0 rg BT 160.14 528.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 177.30 528.30 Td (for ) Tj ET Q q 0 0 0 rg BT 191.68 528.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 214.39 528.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 262.66 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 273.16 528.30 Td (one ) Tj ET Q q 0 0 0 rg BT 290.31 528.30 Td (of ) Tj ET Q q 0 0 0 rg BT 301.36 528.30 Td (two ) Tj ET Q q 0 0 0 rg BT 319.08 528.30 Td (models: ) Tj ET Q q 0 0 0 rg BT 353.47 528.30 Td (recurring ) Tj ET Q q 0 0 0 rg BT 392.83 528.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 428.88 528.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 480.49 528.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 499.31 528.30 Td (or ) Tj ET Q q 0 0 0 rg BT 510.36 528.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 546.41 528.30 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.30 Td (based ) Tj ET Q q 0 0 0 rg BT 75.26 516.30 Td (on ) Tj ET Q q 0 0 0 rg BT 88.24 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.45 516.30 Td (number ) Tj ET Q q 0 0 0 rg BT 136.98 516.30 Td (of ) Tj ET Q q 0 0 0 rg BT 148.30 516.30 Td (licensed ) Tj ET Q q 0 0 0 rg BT 184.05 516.30 Td (users ) Tj ET Q q 0 0 0 rg BT 207.59 516.30 Td (and ) Tj ET Q q 0 0 0 rg BT 225.01 516.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 269.66 516.30 Td (funded. ) Tj ET Q q 0 0 0 rg BT 302.91 516.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 321.45 516.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 364.43 516.30 Td (services ) Tj ET Q q 0 0 0 rg BT 399.62 516.30 Td (are ) Tj ET Q q 0 0 0 rg BT 414.82 516.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 435.02 516.30 Td (on ) Tj ET Q q 0 0 0 rg BT 448.01 516.30 Td (a ) Tj ET Q q 0 0 0 rg BT 455.44 516.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 507.31 516.30 Td (or ) Tj ET Q q 0 0 0 rg BT 518.63 516.30 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.34 504.30 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 108.88 504.30 Td (and ) Tj ET Q q 0 0 0 rg BT 125.66 504.30 Td (service ) Tj ET Q q 0 0 0 rg BT 156.32 504.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 196.42 504.30 Td (participating ) Tj ET Q q 0 0 0 rg BT 249.30 504.30 Td (in ) Tj ET Q q 0 0 0 rg BT 259.42 504.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.97 504.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 295.19 504.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 315.30 504.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.29 504.30 Td ( ) Tj ET Q q 0 0 0 rg BT 352.63 504.30 Td (also ) Tj ET Q q 0 0 0 rg BT 371.08 504.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 387.85 504.30 Td (us ) Tj ET Q q 0 0 0 rg BT 399.08 504.30 Td (fees, ) Tj ET Q q 0 0 0 rg BT 420.02 504.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 459.56 504.30 Td (on ) Tj ET Q q 0 0 0 rg BT 471.90 504.30 Td (a ) Tj ET Q q 0 0 0 rg BT 478.68 504.30 Td (per ) Tj ET Q q 0 0 0 rg BT 493.79 504.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 540.00 504.30 Td (basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.30 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 492.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 113.92 492.30 Td (processed ) Tj ET Q q 0 0 0 rg BT 155.85 492.30 Td (through ) Tj ET Q q 0 0 0 rg BT 189.46 492.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.18 492.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 225.56 492.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 245.83 492.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.82 492.30 Td ( ) Tj ET Q q 0 0 0 rg BT 283.32 492.30 Td (from ) Tj ET Q q 0 0 0 rg BT 305.26 492.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 353.30 492.30 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 470.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 101.20 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 116.31 470.40 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 152.80 470.40 Td (brand, ) Tj ET Q q 0 0 0 rg BT 181.78 470.40 Td (our ) Tj ET Q q 0 0 0 rg BT 198.83 470.40 Td (research ) Tj ET Q q 0 0 0 rg BT 235.84 470.40 Td (and ) Tj ET Q q 0 0 0 rg BT 254.00 470.40 Td (reference ) Tj ET Q q 0 0 0 rg BT 294.89 470.40 Td (products ) Tj ET Q q 0 0 0 rg BT 333.04 470.40 Td (include ) Tj ET Q q 0 0 0 rg BT 366.19 470.40 Td (single ) Tj ET Q q 0 0 0 rg BT 393.79 470.40 Td (and ) Tj ET Q q 0 0 0 rg BT 411.94 470.40 Td (multifamily ) Tj ET Q q 0 0 0 rg BT 462.87 470.40 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 518.23 470.40 Td (& ) Tj ET Q q 0 0 0 rg BT 529.73 470.40 Td (insuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.40 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 92.70 458.40 Td (as ) Tj ET Q q 0 0 0 rg BT 103.13 458.40 Td (well ) Tj ET Q q 0 0 0 rg BT 122.44 458.40 Td (as ) Tj ET Q q 0 0 0 rg BT 132.87 458.40 Td (libraries ) Tj ET Q q 0 0 0 rg BT 167.73 458.40 Td (of ) Tj ET Q q 0 0 0 rg BT 178.15 458.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 208.00 458.40 Td (and ) Tj ET Q q 0 0 0 rg BT 224.54 458.40 Td (state ) Tj ET Q q 0 0 0 rg BT 244.96 458.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 265.38 458.40 Td (and ) Tj ET Q q 0 0 0 rg BT 281.92 458.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 330.95 458.40 Td (and ) Tj ET Q q 0 0 0 rg BT 347.48 458.40 Td (we ) Tj ET Q q 0 0 0 rg BT 361.24 458.40 Td (are ) Tj ET Q q 0 0 0 rg BT 375.54 458.40 Td (the ) Tj ET Q q 0 0 0 rg BT 389.86 458.40 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 429.72 458.40 Td (electronic ) Tj ET Q q 0 0 0 rg BT 471.23 458.40 Td (publisher ) Tj ET Q q 0 0 0 rg BT 510.54 458.40 Td (of ) Tj ET Q q 0 0 0 rg BT 520.97 458.40 Td (the ) Tj ET Q q 0 0 0 rg BT 535.28 458.40 Td (Fannie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 71.28 446.40 Td (and ) Tj ET Q q 0 0 0 rg BT 89.72 446.40 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 124.28 446.40 Td (Mac ) Tj ET Q q 0 0 0 rg BT 146.06 446.40 Td (Single ) Tj ET Q q 0 0 0 rg BT 175.62 446.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.07 446.40 Td (Multi-Family ) Tj ET Q q 0 0 0 rg BT 251.97 446.40 Td (Seller/Servicer ) Tj ET Q q 0 0 0 rg BT 315.39 446.40 Td (Guides ) Tj ET Q q 0 0 0 rg BT 347.73 446.40 Td (and ) Tj ET Q q 0 0 0 rg BT 365.89 446.40 Td (The ) Tj ET Q q 0 0 0 rg BT 385.45 446.40 Td (Federal ) Tj ET Q q 0 0 0 rg BT 419.44 446.40 Td (Home ) Tj ET Q q 0 0 0 rg BT 447.89 446.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 472.44 446.40 Td (Banks) Tj ET Q q 0 0 0 rg BT 500.03 446.40 Td ( ) Tj ET Q q 0 0 0 rg BT 504.04 446.40 Td (MPF ) Tj ET Q q 0 0 0 rg BT 528.06 446.40 Td (Program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.40 Td (Guidelines. ) Tj ET Q q 0 0 0 rg BT 98.74 434.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 117.71 434.40 Td (educational ) Tj ET Q q 0 0 0 rg BT 167.21 434.40 Td (division, ) Tj ET Q q 0 0 0 rg BT 204.60 434.40 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 240.04 434.40 Td (Academy) Tj ET Q q 0 0 0 rg BT 277.70 434.40 Td (, ) Tj ET Q q 0 0 0 rg BT 283.62 434.40 Td (of) Tj ET Q q 0 0 0 rg BT 291.77 434.40 Td (fers ) Tj ET Q q 0 0 0 rg BT 310.17 434.40 Td (courses ) Tj ET Q q 0 0 0 rg BT 343.58 434.40 Td (related ) Tj ET Q q 0 0 0 rg BT 374.19 434.40 Td (to ) Tj ET Q q 0 0 0 rg BT 385.38 434.40 Td (the ) Tj ET Q q 0 0 0 rg BT 401.02 434.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 442.19 434.40 Td (industry) Tj ET Q q 0 0 0 rg BT 474.32 434.40 Td (, ) Tj ET Q q 0 0 0 rg BT 480.24 434.40 Td (including ) Tj ET Q q 0 0 0 rg BT 521.43 434.40 Td (self-paced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.40 Td (training, ) Tj ET Q q 0 0 0 rg BT 86.44 422.40 Td (instructor) Tj ET Q q 0 0 0 rg BT 124.56 422.40 Td (-led ) Tj ET Q q 0 0 0 rg BT 143.45 422.40 Td (online ) Tj ET Q q 0 0 0 rg BT 171.78 422.40 Td (courses, ) Tj ET Q q 0 0 0 rg BT 207.60 422.40 Td (webinars ) Tj ET Q q 0 0 0 rg BT 247.03 422.40 Td (or ) Tj ET Q q 0 0 0 rg BT 258.70 422.40 Td (live ) Tj ET Q q 0 0 0 rg BT 277.03 422.40 Td (classroom ) Tj ET Q q 0 0 0 rg BT 320.91 422.40 Td (training ) Tj ET Q q 0 0 0 rg BT 355.35 422.40 Td (and ) Tj ET Q q 0 0 0 rg BT 373.12 422.40 Td (certified ) Tj ET Q q 0 0 0 rg BT 409.77 422.40 Td (continuing ) Tj ET Q q 0 0 0 rg BT 455.88 422.40 Td (education ) Tj ET Q q 0 0 0 rg BT 498.08 422.40 Td (classes ) Tj ET Q q 0 0 0 rg BT 529.19 422.40 Td (for ) Tj ET Q q 0 0 0 rg BT 544.18 422.40 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.40 Td (licensed ) Tj ET Q q 0 0 0 rg BT 84.09 410.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 123.67 410.40 Td (originators. ) Tj ET Q q 0 0 0 rg BT 171.32 410.40 Td (In ) Tj ET Q q 0 0 0 rg BT 181.47 410.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 218.57 410.40 Td (through ) Tj ET Q q 0 0 0 rg BT 251.50 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.14 410.40 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 299.74 410.40 Td (brand, ) Tj ET Q q 0 0 0 rg BT 326.83 410.40 Td (we ) Tj ET Q q 0 0 0 rg BT 340.31 410.40 Td (of) Tj ET Q q 0 0 0 rg BT 348.46 410.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 361.38 410.40 Td (documentation ) Tj ET Q q 0 0 0 rg BT 422.64 410.40 Td (and ) Tj ET Q q 0 0 0 rg BT 438.90 410.40 Td (learning ) Tj ET Q q 0 0 0 rg BT 473.48 410.40 Td (management ) Tj ET Q q 0 0 0 rg BT 526.40 410.40 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.40 Td (to ) Tj ET Q q 0 0 0 rg BT 59.47 398.40 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 96.64 398.40 Td (our ) Tj ET Q q 0 0 0 rg BT 112.16 398.40 Td (customer) Tj ET Q q 0 0 0 rg BT 149.19 398.40 Td () Tj ET Q q 0 0 0 rg BT 151.97 398.40 Td (s ) Tj ET Q q 0 0 0 rg BT 158.05 398.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 198.01 398.40 Td (lending ) Tj ET Q q 0 0 0 rg BT 230.19 398.40 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 280.97 398.40 Td (as ) Tj ET Q q 0 0 0 rg BT 291.50 398.40 Td (well ) Tj ET Q q 0 0 0 rg BT 310.91 398.40 Td (as ) Tj ET Q q 0 0 0 rg BT 321.43 398.40 Td (data ) Tj ET Q q 0 0 0 rg BT 340.28 398.40 Td (and ) Tj ET Q q 0 0 0 rg BT 356.91 398.40 Td (analytics ) Tj ET Q q 0 0 0 rg BT 394.64 398.40 Td (services ) Tj ET Q q 0 0 0 rg BT 429.04 398.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 461.78 398.40 Td (to ) Tj ET Q q 0 0 0 rg BT 471.75 398.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 506.16 398.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 525.56 398.40 Td (products.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 96.43 372.10 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 350.20 Td (Founded ) Tj ET Q q 0 0 0 rg BT 110.30 350.20 Td (in ) Tj ET Q q 0 0 0 rg BT 120.89 350.20 Td (1997 ) Tj ET Q q 0 0 0 rg BT 143.69 350.20 Td (as ) Tj ET Q q 0 0 0 rg BT 154.83 350.20 Td (a ) Tj ET Q q 0 0 0 rg BT 162.07 350.20 Td (California ) Tj ET Q q 0 0 0 rg BT 205.41 350.20 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 256.81 350.20 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 278.50 350.20 Td (Mae ) Tj ET Q q 0 0 0 rg BT 299.07 350.20 Td (was ) Tj ET Q q 0 0 0 rg BT 317.43 350.20 Td (reincorporated ) Tj ET Q q 0 0 0 rg BT 378.53 350.20 Td (as ) Tj ET Q q 0 0 0 rg BT 389.67 350.20 Td (a ) Tj ET Q q 0 0 0 rg BT 396.91 350.20 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 438.02 350.20 Td (corporation ) Tj ET Q q 0 0 0 rg BT 486.92 350.20 Td (in ) Tj ET Q q 0 0 0 rg BT 497.50 350.20 Td (November ) Tj ET Q q 0 0 0 rg BT 542.51 350.20 Td (2009 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 338.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 110.17 338.20 Td (its ) Tj ET Q q 0 0 0 rg BT 121.90 338.20 Td (initial ) Tj ET Q q 0 0 0 rg BT 147.52 338.20 Td (public ) Tj ET Q q 0 0 0 rg BT 174.81 338.20 Td (of) Tj ET Q q 0 0 0 rg BT 182.96 338.20 Td (fering ) Tj ET Q q 0 0 0 rg BT 209.12 338.20 Td (of ) Tj ET Q q 0 0 0 rg BT 219.74 338.20 Td (its ) Tj ET Q q 0 0 0 rg BT 231.48 338.20 Td (common ) Tj ET Q q 0 0 0 rg BT 268.76 338.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 292.16 338.20 Td (in ) Tj ET Q q 0 0 0 rg BT 301.72 338.20 Td (April ) Tj ET Q q 0 0 0 rg BT 325.12 338.20 Td (201) Tj ET Q q 0 0 0 rg BT 339.75 338.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 349.54 338.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 367.38 338.20 Td (mailing ) Tj ET Q q 0 0 0 rg BT 400.22 338.20 Td (address ) Tj ET Q q 0 0 0 rg BT 432.50 338.20 Td (and ) Tj ET Q q 0 0 0 rg BT 449.23 338.20 Td (executive ) Tj ET Q q 0 0 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(the ) Tj ET Q q 0 0 0 rg BT 379.95 89.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 420.08 89.20 Td (loan. ) Tj ET Q q 0 0 0 rg BT 441.64 89.20 Td (According ) Tj ET Q q 0 0 0 rg BT 486.22 89.20 Td (to ) Tj ET Q q 0 0 0 rg BT 496.37 89.20 Td (NMLS, ) Tj ET Q q 0 0 0 rg BT 529.02 89.20 Td (which ) Tj ET Q q 0 0 0 rg BT 555.83 89.20 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 77.20 Td (sole ) Tj ET Q q 0 0 0 rg BT 81.64 77.20 Td (system ) Tj ET Q q 0 0 0 rg BT 111.33 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 121.57 77.20 Td (licensure ) Tj ET Q q 0 0 0 rg BT 159.57 77.20 Td (for ) Tj ET Q q 0 0 0 rg BT 173.14 77.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 212.81 77.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 257.48 77.20 Td (for ) Tj ET Q q 0 0 0 rg BT 271.05 77.20 Td (57 ) Tj ET Q q 0 0 0 rg BT 282.96 77.20 Td (state ) Tj ET Q q 0 0 0 rg BT 303.19 77.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 339.52 77.20 Td (and ) Tj ET Q q 0 0 0 rg BT 355.87 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 369.99 77.20 Td (sole ) Tj ET Q q 0 0 0 rg BT 388.01 77.20 Td (system ) Tj ET Q q 0 0 0 rg BT 417.70 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 427.94 77.20 Td (licensure ) Tj ET Q q 0 0 0 rg BT 465.94 77.20 Td (for ) Tj ET Q q 0 0 0 rg BT 479.51 77.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.18 77.20 Td (originators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.20 Td (for ) Tj ET Q q 0 0 0 rg BT 63.13 65.20 Td (60 ) Tj ET Q q 0 0 0 rg BT 75.10 65.20 Td (state ) Tj ET Q q 0 0 0 rg BT 95.39 65.20 Td (and ) Tj ET Q q 0 0 0 rg BT 111.80 65.20 Td (territorial ) Tj ET Q q 0 0 0 rg BT 151.53 65.20 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 190.42 65.20 Td (there ) Tj ET Q q 0 0 0 rg BT 212.38 65.20 Td (were ) Tj ET Q q 0 0 0 rg BT 233.77 65.20 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 65.20 Td (516,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 65.20 Td ( ) Tj ET Q q 0 0 0 rg BT 327.97 65.20 Td (state ) Tj ET Q q 0 0 0 rg BT 348.27 65.20 Td (licensed ) Tj ET Q q 0 0 0 rg BT 383.00 65.20 Td (or ) Tj ET Q q 0 0 0 rg BT 393.30 65.20 Td (federally ) Tj ET Q q 0 0 0 rg BT 430.80 65.20 Td (registered ) Tj ET Q q 0 0 0 rg BT 472.19 65.20 Td (individuals ) Tj ET Q q 0 0 0 rg BT 518.61 65.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 65.20 Td (26,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 65.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 53.20 Td (licensed ) Tj ET Q q 0 0 0 rg BT 84.62 53.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 129.74 53.20 Td (or ) Tj ET Q q 0 0 0 rg BT 140.43 53.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 170.54 53.20 Td (institutions ) Tj ET Q q 0 0 0 rg BT 217.36 53.20 Td (engaged ) Tj ET Q q 0 0 0 rg BT 253.03 53.20 Td (in ) Tj ET Q q 0 0 0 rg BT 263.17 53.20 Td (originating ) Tj ET Q q 0 0 0 rg BT 309.41 53.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 353.42 53.20 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 397.43 53.20 Td (across ) Tj ET Q q 0 0 0 rg BT 424.78 53.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.35 53.20 Td (United ) Tj ET Q q 0 0 0 rg BT 468.93 53.20 Td (States ) Tj ET Q q 0 0 0 rg BT 495.17 53.20 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.75 53.20 Td (September30, ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 740.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 72.00 744.63 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.25 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.17 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 121.96 740.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 169.21 740.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 208.11 740.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 225.36 740.10 Td (into ) Tj ET Q q 0 0 0 rg BT 244.83 740.10 Td (one ) Tj ET Q q 0 0 0 rg BT 263.19 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.44 740.10 Td (three ) Tj ET Q q 0 0 0 rg BT 299.34 740.10 Td (categories: ) Tj ET Q q 0 0 0 rg BT 346.57 740.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 372.14 740.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 407.44 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 431.90 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 473.58 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 506.38 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 740.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (brokerages.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 711.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 711.70 Td (Mega ) Tj ET Q q 0 0 0 rg BT 110.34 711.70 Td (Lenders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.13 711.70 Td (Mega ) Tj ET Q q 0 0 0 rg BT 171.96 711.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 202.91 711.70 Td (are ) Tj ET Q q 0 0 0 rg BT 217.18 711.70 Td (lar) Tj ET Q q 0 0 0 rg BT 227.55 711.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 239.05 711.70 Td (commercial ) Tj ET Q q 0 0 0 rg BT 288.32 711.70 Td (banks ) Tj ET Q q 0 0 0 rg BT 313.72 711.70 Td (that ) Tj ET Q q 0 0 0 rg BT 330.78 711.70 Td (have ) Tj ET Q q 0 0 0 rg BT 351.73 711.70 Td (both ) Tj ET Q q 0 0 0 rg BT 371.57 711.70 Td (a ) Tj ET Q q 0 0 0 rg BT 378.08 711.70 Td (retail ) Tj ET Q q 0 0 0 rg BT 400.69 711.70 Td (channel ) Tj ET Q q 0 0 0 rg BT 433.85 711.70 Td (in ) Tj ET Q q 0 0 0 rg BT 443.70 711.70 Td (which ) Tj ET Q q 0 0 0 rg BT 470.20 711.70 Td (they ) Tj ET Q q 0 0 0 rg BT 489.49 711.70 Td (work ) Tj ET Q q 0 0 0 rg BT 512.11 711.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 544.72 711.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 699.70 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 128.50 699.70 Td (to ) Tj ET Q q 0 0 0 rg BT 138.75 699.70 Td (originate ) Tj ET Q q 0 0 0 rg BT 176.75 699.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.32 699.70 Td (and ) Tj ET Q q 0 0 0 rg BT 217.22 699.70 Td (a ) Tj ET Q q 0 0 0 rg BT 224.12 699.70 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 266.57 699.70 Td (channel ) Tj ET Q q 0 0 0 rg BT 300.13 699.70 Td (in ) Tj ET Q q 0 0 0 rg BT 310.37 699.70 Td (which ) Tj ET Q q 0 0 0 rg BT 337.27 699.70 Td (they ) Tj ET Q q 0 0 0 rg BT 356.95 699.70 Td (buy ) Tj ET Q q 0 0 0 rg BT 374.41 699.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 397.98 699.70 Td (originated ) Tj ET Q q 0 0 0 rg BT 440.98 699.70 Td (by ) Tj ET Q q 0 0 0 rg BT 453.45 699.70 Td (other ) Tj ET Q q 0 0 0 rg BT 476.46 699.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 516.68 699.70 Td (originators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 687.70 Td (such ) Tj ET Q q 0 0 0 rg BT 106.33 687.70 Td (as ) Tj ET Q q 0 0 0 rg BT 117.16 687.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 157.42 687.70 Td (banks, ) Tj ET Q q 0 0 0 rg BT 185.75 687.70 Td (smaller ) Tj ET Q q 0 0 0 rg BT 217.69 687.70 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 251.56 687.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 276.83 687.70 Td (unions ) Tj ET Q q 0 0 0 rg BT 306.00 687.70 Td (and ) Tj ET Q q 0 0 0 rg BT 322.94 687.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 363.20 687.70 Td (brokerages.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 671.30 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 671.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 130.51 671.30 Td (Lenders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.73 671.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 212.18 671.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 246.63 671.30 Td (other ) Tj ET Q q 0 0 0 rg BT 272.75 671.30 Td (than ) Tj ET Q q 0 0 0 rg BT 295.53 671.30 Td (mega ) Tj ET Q q 0 0 0 rg BT 322.76 671.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 357.21 671.30 Td (include ) Tj ET Q q 0 0 0 rg BT 392.21 671.30 Td (non-depository ) Tj ET Q q 0 0 0 rg BT 458.33 671.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 501.67 671.30 Td (banks, ) Tj ET Q q 0 0 0 rg BT 533.07 671.30 Td (smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 659.30 Td (commercial ) Tj ET Q q 0 0 0 rg BT 135.84 659.30 Td (banks, ) Tj ET Q q 0 0 0 rg BT 164.82 659.30 Td (thrifts ) Tj ET Q q 0 0 0 rg BT 191.85 659.30 Td (and ) Tj ET Q q 0 0 0 rg BT 209.44 659.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 235.35 659.30 Td (unions. ) Tj ET Q q 0 0 0 rg BT 267.43 659.30 Td (These ) Tj ET Q q 0 0 0 rg BT 294.46 659.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 340.37 659.30 Td (source ) Tj ET Q q 0 0 0 rg BT 369.61 659.30 Td (and ) Tj ET Q q 0 0 0 rg BT 387.20 659.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 408.67 659.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 432.93 659.30 Td (and ) Tj ET Q q 0 0 0 rg BT 450.51 659.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 490.86 659.30 Td (sell ) Tj ET Q q 0 0 0 rg BT 507.89 659.30 Td (most ) Tj ET Q q 0 0 0 rg BT 530.49 659.30 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 659.30 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 647.30 Td (funded ) Tj ET Q q 0 0 0 rg BT 115.77 647.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 139.38 647.30 Td (to ) Tj ET Q q 0 0 0 rg BT 149.66 647.30 Td (mega ) Tj ET Q q 0 0 0 rg BT 173.81 647.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 205.19 647.30 Td (or ) Tj ET Q q 0 0 0 rg BT 216.02 647.30 Td (other ) Tj ET Q q 0 0 0 rg BT 239.06 647.30 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 630.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 630.90 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 127.14 630.90 Td (Br) Tj ET Q q 0 0 0 rg BT 136.77 630.90 Td (okerages) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.87 630.90 Td (.Mortgage ) Tj ET Q q 0 0 0 rg BT 218.95 630.90 Td (brokerages ) Tj ET Q q 0 0 0 rg BT 265.01 630.90 Td (are ) Tj ET Q q 0 0 0 rg BT 279.42 630.90 Td (independent ) Tj ET Q q 0 0 0 rg BT 330.50 630.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 352.13 630.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 397.10 630.90 Td (that ) Tj ET Q q 0 0 0 rg BT 414.30 630.90 Td (originate ) Tj ET Q q 0 0 0 rg BT 452.04 630.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 475.35 630.90 Td (for ) Tj ET Q q 0 0 0 rg BT 489.21 630.90 Td (multiple ) Tj ET Q q 0 0 0 rg BT 524.74 630.90 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 618.90 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 119.20 618.90 Td (They ) Tj ET Q q 0 0 0 rg BT 142.24 618.90 Td (process ) Tj ET Q q 0 0 0 rg BT 174.73 618.90 Td (and ) Tj ET Q q 0 0 0 rg BT 191.67 618.90 Td (submit ) Tj ET Q q 0 0 0 rg BT 221.40 618.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 241.12 618.90 Td (files ) Tj ET Q q 0 0 0 rg BT 260.83 618.90 Td (to ) Tj ET Q q 0 0 0 rg BT 271.11 618.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 311.37 618.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 342.75 618.90 Td (or ) Tj ET Q q 0 0 0 rg BT 353.58 618.90 Td (mega ) Tj ET Q q 0 0 0 rg BT 377.74 618.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 409.11 618.90 Td (that, ) Tj ET Q q 0 0 0 rg BT 429.11 618.90 Td (in ) Tj ET Q q 0 0 0 rg BT 439.39 618.90 Td (turn, ) Tj ET Q q 0 0 0 rg BT 460.50 618.90 Td (fund ) Tj ET Q q 0 0 0 rg BT 481.33 618.90 Td (the ) Tj ET Q q 0 0 0 rg BT 496.04 618.90 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 602.50 Td (Based ) Tj ET Q q 0 0 0 rg BT 99.17 602.50 Td (on ) Tj ET Q q 0 0 0 rg BT 111.40 602.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 150.84 602.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 188.61 602.50 Td (by ) Tj ET Q q 0 0 0 rg BT 200.84 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 215.29 602.50 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 256.39 602.50 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 290.90 602.50 Td (Association, ) Tj ET Q q 0 0 0 rg BT 342.85 602.50 Td (there ) Tj ET Q q 0 0 0 rg BT 365.06 602.50 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.72 602.50 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 406.45 602.50 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 433.67 607.03 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.92 602.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 602.50 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 461.38 602.50 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 602.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.33 602.50 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 513.06 602.50 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.28 602.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 602.50 Td ($1.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.72 590.50 Td ( ) Tj ET Q q 0 0 0 rg BT 78.70 590.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.13 590.50 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 114.61 590.50 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 141.83 595.03 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.08 590.50 Td ( ) Tj ET Q q 0 0 0 rg BT 147.06 590.50 Td (in ) Tj ET Q q 0 0 0 rg BT 156.82 590.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 179.91 590.50 Td (originated ) Tj ET Q q 0 0 0 rg BT 222.44 590.50 Td (for ) Tj ET Q q 0 0 0 rg BT 236.08 590.50 Td (1- ) Tj ET Q q 0 0 0 rg BT 246.39 590.50 Td (to ) Tj ET Q q 0 0 0 rg BT 256.15 590.50 Td (4-family ) Tj ET Q q 0 0 0 rg BT 292.57 590.50 Td (homes ) Tj ET Q q 0 0 0 rg BT 320.66 590.50 Td (during ) Tj ET Q q 0 0 0 rg BT 348.75 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 362.95 590.50 Td (years ) Tj ET Q q 0 0 0 rg BT 386.03 590.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 411.89 590.50 Td (December ) Tj ET Q q 0 0 0 rg BT 454.96 590.50 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.44 590.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.44 590.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.92 590.50 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.92 590.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.40 590.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.40 590.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.89 590.50 Td (201) Tj ET Q q 0 0 0 rg BT 557.52 590.50 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.52 590.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 578.50 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 578.50 Td (, ) Tj ET Q q 0 0 0 rg BT 91.44 578.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 139.10 578.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 562.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 100.21 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 113.47 562.10 Td (information ) Tj ET Q q 0 0 0 rg BT 163.95 562.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 202.76 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.03 562.10 Td (Inside ) Tj ET Q q 0 0 0 rg BT 243.74 562.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 285.88 562.10 Td (Finance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.30 562.10 Td (36.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.13 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.40 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.99 562.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 408.92 562.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 452.72 562.10 Td (nationwide ) Tj ET Q q 0 0 0 rg BT 500.42 562.10 Td (during ) Tj ET Q q 0 0 0 rg BT 529.80 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 562.10 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (months ) Tj ET Q q 0 0 0 rg BT 80.87 550.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 106.67 550.10 Td (September ) Tj ET Q q 0 0 0 rg BT 151.35 550.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.77 550.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.77 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.70 550.10 Td (were ) Tj ET Q q 0 0 0 rg BT 209.05 550.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 238.74 550.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 271.20 550.10 Td (through ) Tj ET Q q 0 0 0 rg BT 304.23 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.37 550.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 340.83 550.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 377.74 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.99 550.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 411.57 550.10 Td (lenders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.44 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.36 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.72 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.86 550.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.33 550.10 Td (63.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.16 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.08 550.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 80.06 538.10 Td (through ) Tj ET Q q 0 0 0 rg BT 113.95 538.10 Td (other ) Tj ET Q q 0 0 0 rg BT 137.29 538.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 180.06 538.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 220.33 538.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 260.88 538.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 292.54 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.77 538.10 Td (brokerages.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.14 542.63 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.39 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.17 538.10 Td (For ) Tj ET Q q 0 0 0 rg BT 378.85 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.86 538.10 Td (years ) Tj ET Q q 0 0 0 rg BT 417.74 538.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.62 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.41 538.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.41 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.19 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.42 538.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.42 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.71 538.10 Td (this ) Tj ET Q q 0 0 0 rg BT 526.94 538.10 Td (split ) Tj ET Q q 0 0 0 rg BT 546.96 538.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (39.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 526.10 Td (/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.11 526.10 Td (61.0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 108.94 530.63 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.19 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.69 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.63 526.10 Td (43.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.46 526.10 Td (/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 526.10 Td (56.5%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 191.06 530.63 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.31 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.31 526.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 246.98 526.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 499.80 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 499.80 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 110.61 499.80 Td (Origination ) Tj ET Q q 0 0 0 rg BT 161.46 499.80 Td (Process) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 483.40 Td (Originating ) Tj ET Q q 0 0 0 rg BT 121.61 483.40 Td (a ) Tj ET Q q 0 0 0 rg BT 129.06 483.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 173.72 483.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 214.50 483.40 Td (involves ) Tj ET Q q 0 0 0 rg BT 251.39 483.40 Td (multiple ) Tj ET Q q 0 0 0 rg BT 287.73 483.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 317.40 483.40 Td (and ) Tj ET Q q 0 0 0 rg BT 334.85 483.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 370.07 483.40 Td (a ) Tj ET Q q 0 0 0 rg BT 377.51 483.40 Td (complex ) Tj ET Q q 0 0 0 rg BT 414.96 483.40 Td (series ) Tj ET Q q 0 0 0 rg BT 440.74 483.40 Td (of ) Tj ET Q q 0 0 0 rg BT 452.08 483.40 Td (data-laden ) Tj ET Q q 0 0 0 rg BT 496.73 483.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 547.50 483.40 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.40 Td (must ) Tj ET Q q 0 0 0 rg BT 70.83 471.40 Td (be ) Tj ET Q q 0 0 0 rg BT 82.15 471.40 Td (handled ) Tj ET Q q 0 0 0 rg BT 115.69 471.40 Td (accurately ) Tj ET Q q 0 0 0 rg BT 158.65 471.40 Td (under ) Tj ET Q q 0 0 0 rg BT 183.30 471.40 Td (tight ) Tj ET Q q 0 0 0 rg BT 203.51 471.40 Td (time ) Tj ET Q q 0 0 0 rg BT 223.17 471.40 Td (constraints. ) Tj ET Q q 0 0 0 rg BT 270.87 471.40 Td (By ) Tj ET Q q 0 0 0 rg BT 284.43 471.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.52 471.40 Td (time ) Tj ET Q q 0 0 0 rg BT 318.18 471.40 Td (a ) Tj ET Q q 0 0 0 rg BT 324.50 471.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 364.14 471.40 Td (has ) Tj ET Q q 0 0 0 rg BT 379.35 471.40 Td (been ) Tj ET Q q 0 0 0 rg BT 400.11 471.40 Td (funded, ) Tj ET Q q 0 0 0 rg BT 432.26 471.40 Td (the ) Tj ET Q q 0 0 0 rg BT 446.36 471.40 Td (typical ) Tj ET Q q 0 0 0 rg BT 475.45 471.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 494.55 471.40 Td (package ) Tj ET Q q 0 0 0 rg BT 529.19 471.40 Td (contains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.40 Td (over ) Tj ET Q q 0 0 0 rg BT 69.78 459.40 Td (one ) Tj ET Q q 0 0 0 rg BT 86.74 459.40 Td (thousand ) Tj ET Q q 0 0 0 rg BT 125.36 459.40 Td (pages ) Tj ET Q q 0 0 0 rg BT 150.65 459.40 Td (of ) Tj ET Q q 0 0 0 rg BT 161.49 459.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 207.34 459.40 Td (that ) Tj ET Q q 0 0 0 rg BT 224.85 459.40 Td (come ) Tj ET Q q 0 0 0 rg BT 249.02 459.40 Td (from ) Tj ET Q q 0 0 0 rg BT 270.97 459.40 Td (over ) Tj ET Q q 0 0 0 rg BT 291.26 459.40 Td (a ) Tj ET Q q 0 0 0 rg BT 298.21 459.40 Td (dozen ) Tj ET Q q 0 0 0 rg BT 324.61 459.40 Td (dif) Tj ET Q q 0 0 0 rg BT 335.53 459.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 361.36 459.40 Td (entities, ) Tj ET Q q 0 0 0 rg BT 395.26 459.40 Td (usually ) Tj ET Q q 0 0 0 rg BT 426.67 459.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 466.95 459.40 Td (on ) Tj ET Q q 0 0 0 rg BT 479.46 459.40 Td (disparate ) Tj ET Q q 0 0 0 rg BT 518.07 459.40 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.78 447.40 Td (and ) Tj ET Q q 0 0 0 rg BT 100.83 447.40 Td (databases. ) Tj ET Q q 0 0 0 rg BT 144.06 447.40 Td (T) Tj ET Q q 0 0 0 rg BT 149.82 447.40 Td (raditionally) Tj ET Q q 0 0 0 rg BT 195.27 447.40 Td (, ) Tj ET Q q 0 0 0 rg BT 200.38 447.40 Td (much ) Tj ET Q q 0 0 0 rg BT 225.20 447.40 Td (of ) Tj ET Q q 0 0 0 rg BT 236.14 447.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.97 447.40 Td (data ) Tj ET Q q 0 0 0 rg BT 270.23 447.40 Td (used ) Tj ET Q q 0 0 0 rg BT 291.17 447.40 Td (to ) Tj ET Q q 0 0 0 rg BT 301.56 447.40 Td (prepare ) Tj ET Q q 0 0 0 rg BT 334.14 447.40 Td (these ) Tj ET Q q 0 0 0 rg BT 357.30 447.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 403.23 447.40 Td (has ) Tj ET Q q 0 0 0 rg BT 419.17 447.40 Td (been ) Tj ET Q q 0 0 0 rg BT 440.66 447.40 Td (gathered ) Tj ET Q q 0 0 0 rg BT 477.69 447.40 Td (manually) Tj ET Q q 0 0 0 rg BT 514.25 447.40 Td (, ) Tj ET Q q 0 0 0 rg BT 519.36 447.40 Td (rather ) Tj ET Q q 0 0 0 rg BT 545.28 447.40 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.40 Td (electronically) Tj ET Q q 0 0 0 rg BT 103.26 435.40 Td (, ) Tj ET Q q 0 0 0 rg BT 108.53 435.40 Td (with ) Tj ET Q q 0 0 0 rg BT 129.08 435.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 175.17 435.40 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 220.70 435.40 Td (among ) Tj ET Q q 0 0 0 rg BT 250.68 435.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.67 435.40 Td (many ) Tj ET Q q 0 0 0 rg BT 290.65 435.40 Td (participants ) Tj ET Q q 0 0 0 rg BT 340.07 435.40 Td (by ) Tj ET Q q 0 0 0 rg BT 352.84 435.40 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 394.76 435.40 Td (courier ) Tj ET Q q 0 0 0 rg BT 425.84 435.40 Td (or ) Tj ET Q q 0 0 0 rg BT 436.94 435.40 Td (mail. ) Tj ET Q q 0 0 0 rg BT 459.78 435.40 Td (The ) Tj ET Q q 0 0 0 rg BT 478.10 435.40 Td (entire ) Tj ET Q q 0 0 0 rg BT 503.63 435.40 Td (process ) Tj ET Q q 0 0 0 rg BT 536.39 435.40 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.40 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 423.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.49 423.40 Td (duplicative ) Tj ET Q q 0 0 0 rg BT 151.42 423.40 Td (ef) Tj ET Q q 0 0 0 rg BT 159.01 423.40 Td (forts, ) Tj ET Q q 0 0 0 rg BT 182.34 423.40 Td (time ) Tj ET Q q 0 0 0 rg BT 202.62 423.40 Td (delays, ) Tj ET Q q 0 0 0 rg BT 233.17 423.40 Td (errors, ) Tj ET Q q 0 0 0 rg BT 261.49 423.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 283.99 423.40 Td (and ) Tj ET Q q 0 0 0 rg BT 300.93 423.40 Td (redundant ) Tj ET Q q 0 0 0 rg BT 343.42 423.40 Td (paper ) Tj ET Q q 0 0 0 rg BT 368.12 423.40 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 432.55 423.40 Td (and ) Tj ET Q q 0 0 0 rg BT 449.49 423.40 Td (often ) Tj ET Q q 0 0 0 rg BT 472.54 423.40 Td (exposes ) Tj ET Q q 0 0 0 rg BT 506.70 423.40 Td (borrower ) Tj ET Q q 0 0 0 rg BT 545.86 423.40 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.40 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 411.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 97.27 411.40 Td (privacy ) Tj ET Q q 0 0 0 rg BT 129.75 411.40 Td (and ) Tj ET Q q 0 0 0 rg BT 146.69 411.40 Td (security ) Tj ET Q q 0 0 0 rg BT 180.85 411.40 Td (breaches.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 151.40 Td (________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 131.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 131.47 Td (NMLS, ) Tj ET Q q 0 0 0 rg BT 100.28 131.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 141.66 131.47 Td (Industry ) Tj ET Q q 0 0 0 rg BT 177.49 131.47 Td (Report ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 207.21 131.47 Td (\(2014 ) Tj ET Q q 0 0 0 rg BT 233.04 131.47 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 267.76 131.47 Td (3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.09 131.47 Td (, ) Tj ET Q q 0 0 0 rg BT 281.09 131.47 Td (Released ) Tj ET Q q 0 0 0 rg BT 319.68 131.47 Td (December ) Tj ET Q q 0 0 0 rg BT 363.27 131.47 Td (12, ) Tj ET Q q 0 0 0 rg BT 378.27 131.47 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 116.47 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 116.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 108.88 116.47 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 143.87 116.47 Td (Association, ) Tj ET Q q 0 0 0 rg BT 195.81 116.47 Td (MBA) Tj ET Q q 0 0 0 rg BT 218.32 116.47 Td ( ) Tj ET Q q 0 0 0 rg BT 220.54 116.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 261.92 116.47 Td (Finance ) Tj ET Q q 0 0 0 rg BT 296.07 116.47 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 332.45 116.47 Td (as ) Tj ET Q q 0 0 0 rg BT 343.28 116.47 Td (of ) Tj ET Q q 0 0 0 rg BT 354.11 116.47 Td (February ) Tj ET Q q 0 0 0 rg BT 392.71 116.47 Td (20, ) Tj ET Q q 0 0 0 rg BT 407.71 116.47 Td (2015. ) Tj ET Q q 0 0 0 rg BT 432.71 116.47 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 475.77 116.47 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 101.47 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 108.88 101.47 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 143.87 101.47 Td (Association, ) Tj ET Q q 0 0 0 rg BT 195.81 101.47 Td (MBA) Tj ET Q q 0 0 0 rg BT 218.32 101.47 Td ( ) Tj ET Q q 0 0 0 rg BT 220.54 101.47 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 261.36 101.47 Td (Origination ) Tj ET Q q 0 0 0 rg BT 309.96 101.47 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 351.34 101.47 Td (as ) Tj ET Q q 0 0 0 rg BT 362.17 101.47 Td (of ) Tj ET Q q 0 0 0 rg BT 373.00 101.47 Td (January ) Tj ET Q q 0 0 0 rg BT 406.60 101.47 Td (14, ) Tj ET Q q 0 0 0 rg BT 421.60 101.47 Td (2014. ) Tj ET Q q 0 0 0 rg BT 446.60 101.47 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 489.66 101.47 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 86.47 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 86.47 Td (Inside ) Tj ET Q q 0 0 0 rg BT 94.44 86.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 135.82 86.47 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 172.47 86.47 Td (November ) Tj ET Q q 0 0 0 rg BT 217.18 86.47 Td (28, ) Tj ET Q q 0 0 0 rg BT 232.18 86.47 Td (2014, ) Tj ET Q q 0 0 0 rg BT 257.18 86.47 Td (p.5, ) Tj ET Q q 0 0 0 rg BT 274.59 86.47 Td (T) Tj ET Q q 0 0 0 rg BT 280.26 86.47 Td (op ) Tj ET Q q 0 0 0 rg BT 292.41 86.47 Td (Retail ) Tj ET Q q 0 0 0 rg BT 318.79 86.47 Td (Originators: ) Tj ET Q q 0 0 0 rg BT 369.61 86.47 Td (9M2014, ) Tj ET Q q 0 0 0 rg BT 408.51 86.47 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 451.56 86.47 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 71.47 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 71.47 Td (Inside ) Tj ET Q q 0 0 0 rg BT 94.44 71.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 135.82 71.47 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 172.47 71.47 Td (February ) Tj ET Q q 0 0 0 rg BT 211.07 71.47 Td (28, ) Tj ET Q q 0 0 0 rg BT 226.07 71.47 Td (2014, ) Tj ET Q q 0 0 0 rg BT 251.07 71.47 Td (p. ) Tj ET Q q 0 0 0 rg BT 261.07 71.47 Td (5, ) Tj ET Q q 0 0 0 rg BT 270.98 71.47 Td (T) Tj ET Q q 0 0 0 rg BT 276.65 71.47 Td (op ) Tj ET Q q 0 0 0 rg BT 288.80 71.47 Td (Retail ) Tj ET Q q 0 0 0 rg BT 315.18 71.47 Td (Originators: ) Tj ET Q q 0 0 0 rg BT 366.01 71.47 Td (12M2013, ) Tj ET Q q 0 0 0 rg BT 409.90 71.47 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 452.95 71.47 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 56.47 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 56.47 Td (Inside ) Tj ET Q q 0 0 0 rg BT 94.44 56.47 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 135.82 56.47 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 172.47 56.47 Td (February ) Tj ET Q q 0 0 0 rg BT 211.07 56.47 Td (22, ) Tj ET Q q 0 0 0 rg BT 226.07 56.47 Td (2013, ) Tj ET Q q 0 0 0 rg BT 251.07 56.47 Td (p. ) Tj ET Q q 0 0 0 rg BT 261.07 56.47 Td (5, ) Tj ET Q q 0 0 0 rg BT 270.89 56.47 Td (T) Tj ET Q q 0 0 0 rg BT 276.30 56.47 Td (op ) Tj ET Q q 0 0 0 rg BT 288.62 56.47 Td (Wholesale/Correspondent ) Tj ET Q q 0 0 0 rg BT 394.98 56.47 Td (Channels: ) Tj ET Q q 0 0 0 rg BT 437.47 56.47 Td (12M2012, ) Tj ET Q q 0 0 0 rg BT 481.36 56.47 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 524.42 56.47 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.24 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.32 740.10 Td (diagram ) Tj ET Q q 0 0 0 rg BT 169.28 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.81 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.22 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 237.18 740.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 284.25 740.10 Td (process ) Tj ET Q q 0 0 0 rg BT 317.44 740.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 355.07 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.71 740.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 409.77 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.62 740.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 484.47 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.88 740.10 Td (complexity ) Tj ET Q q 0 0 0 rg BT 548.07 740.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (inef) Tj ET Q q 0 0 0 rg BT 64.87 728.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 99.57 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.40 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.12 728.10 Td (process ) Tj ET Q q 0 0 0 rg BT 157.61 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.54 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.26 728.10 Td (need ) Tj ET Q q 0 0 0 rg BT 210.64 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.80 728.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 268.95 728.10 Td (solutions.) Tj ET Q /GS0 gs q 450.00 0 0 255.75 81.00 457.44 cm /I23 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 435.55 Td (In ) Tj ET Q q 0 0 0 rg BT 82.87 435.55 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.69 435.55 Td (to ) Tj ET Q q 0 0 0 rg BT 127.51 435.55 Td (the ) Tj ET Q q 0 0 0 rg BT 141.77 435.55 Td (challenges ) Tj ET Q q 0 0 0 rg BT 186.02 435.55 Td (involved ) Tj ET Q q 0 0 0 rg BT 223.06 435.55 Td (in ) Tj ET Q q 0 0 0 rg BT 232.88 435.55 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.69 435.55 Td (loans, ) Tj ET Q q 0 0 0 rg BT 303.34 435.55 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 343.15 435.55 Td (originators ) Tj ET Q q 0 0 0 rg BT 388.52 435.55 Td (must ) Tj ET Q q 0 0 0 rg BT 410.01 435.55 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 438.16 435.55 Td (a ) Tj ET Q q 0 0 0 rg BT 444.64 435.55 Td (multitude ) Tj ET Q q 0 0 0 rg BT 485.02 435.55 Td (of ) Tj ET Q q 0 0 0 rg BT 495.39 435.55 Td (federal, ) Tj ET Q q 0 0 0 rg BT 527.69 435.55 Td (state ) Tj ET Q q 0 0 0 rg BT 548.06 435.55 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.55 Td (local ) Tj ET Q q 0 0 0 rg BT 71.84 423.55 Td (regulations ) Tj ET Q q 0 0 0 rg BT 119.17 423.55 Td (and ) Tj ET Q q 0 0 0 rg BT 136.51 423.55 Td (address ) Tj ET Q q 0 0 0 rg BT 169.40 423.55 Td (basic ) Tj ET Q q 0 0 0 rg BT 192.85 423.55 Td (business ) Tj ET Q q 0 0 0 rg BT 229.65 423.55 Td (needs, ) Tj ET Q q 0 0 0 rg BT 257.82 423.55 Td (including ) Tj ET Q q 0 0 0 rg BT 298.49 423.55 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 344.44 423.55 Td (sales, ) Tj ET Q q 0 0 0 rg BT 369.28 423.55 Td (product ) Tj ET Q q 0 0 0 rg BT 402.72 423.55 Td (fulfillment, ) Tj ET Q q 0 0 0 rg BT 450.89 423.55 Td (customer ) Tj ET Q q 0 0 0 rg BT 490.45 423.55 Td (support, ) Tj ET Q q 0 0 0 rg BT 525.85 423.55 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.55 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 411.55 Td (general ) Tj ET Q q 0 0 0 rg BT 99.22 411.55 Td (management ) Tj ET Q q 0 0 0 rg BT 153.24 411.55 Td (functions. ) Tj ET Q q 0 0 0 rg BT 195.89 411.55 Td (Historically) Tj ET Q q 0 0 0 rg BT 242.46 411.55 Td (, ) Tj ET Q q 0 0 0 rg BT 247.89 411.55 Td (most ) Tj ET Q q 0 0 0 rg BT 270.27 411.55 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 310.96 411.55 Td (originators ) Tj ET Q q 0 0 0 rg BT 357.22 411.55 Td (have ) Tj ET Q q 0 0 0 rg BT 379.02 411.55 Td (operated ) Tj ET Q q 0 0 0 rg BT 416.38 411.55 Td (their ) Tj ET Q q 0 0 0 rg BT 437.64 411.55 Td (businesses ) Tj ET Q q 0 0 0 rg BT 482.79 411.55 Td (using ) Tj ET Q q 0 0 0 rg BT 507.39 411.55 Td (separate ) Tj ET Q q 0 0 0 rg BT 543.08 411.55 Td (task-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.55 Td (specific ) Tj ET Q q 0 0 0 rg BT 82.48 399.55 Td (software ) Tj ET Q q 0 0 0 rg BT 118.80 399.55 Td (applications ) Tj ET Q q 0 0 0 rg BT 169.02 399.55 Td (that ) Tj ET Q q 0 0 0 rg BT 185.90 399.55 Td (were ) Tj ET Q q 0 0 0 rg BT 207.22 399.55 Td (interconnected, ) Tj ET Q q 0 0 0 rg BT 270.47 399.55 Td (if ) Tj ET Q q 0 0 0 rg BT 278.47 399.55 Td (at ) Tj ET Q q 0 0 0 rg BT 287.58 399.55 Td (all, ) Tj ET Q q 0 0 0 rg BT 301.96 399.55 Td (through ) Tj ET Q q 0 0 0 rg BT 334.96 399.55 Td (customized ) Tj ET Q q 0 0 0 rg BT 382.40 399.55 Td (integrations. ) Tj ET Q q 0 0 0 rg BT 433.86 399.55 Td (This ) Tj ET Q q 0 0 0 rg BT 453.53 399.55 Td (often ) Tj ET Q q 0 0 0 rg BT 475.97 399.55 Td (resulted ) Tj ET Q q 0 0 0 rg BT 509.52 399.55 Td (in ) Tj ET Q q 0 0 0 rg BT 519.19 399.55 Td (constraints ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.55 Td (on ) Tj ET Q q 0 0 0 rg BT 62.13 387.55 Td (ef) Tj ET Q q 0 0 0 rg BT 69.71 387.55 Td (fective ) Tj ET Q q 0 0 0 rg BT 99.54 387.55 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 154.93 387.55 Td (among ) Tj ET Q q 0 0 0 rg BT 184.77 387.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.16 387.55 Td (departments, ) Tj ET Q q 0 0 0 rg BT 279.16 387.55 Td (limited ) Tj ET Q q 0 0 0 rg BT 310.11 387.55 Td (ability ) Tj ET Q q 0 0 0 rg BT 338.29 387.55 Td (to ) Tj ET Q q 0 0 0 rg BT 348.70 387.55 Td (monitor ) Tj ET Q q 0 0 0 rg BT 382.99 387.55 Td (the ) Tj ET Q q 0 0 0 rg BT 397.83 387.55 Td (business ) Tj ET Q q 0 0 0 rg BT 434.35 387.55 Td (comprehensively) Tj ET Q q 0 0 0 rg BT 502.01 387.55 Td (, ) Tj ET Q q 0 0 0 rg BT 507.13 387.55 Td (increased ) Tj ET Q q 0 0 0 rg BT 547.51 387.55 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.55 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 375.55 Td (error ) Tj ET Q q 0 0 0 rg BT 82.55 375.55 Td (due ) Tj ET Q q 0 0 0 rg BT 99.63 375.55 Td (to ) Tj ET Q q 0 0 0 rg BT 110.06 375.55 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 160.48 375.55 Td (data, ) Tj ET Q q 0 0 0 rg BT 182.28 375.55 Td (failure ) Tj ET Q q 0 0 0 rg BT 211.02 375.55 Td (to ) Tj ET Q q 0 0 0 rg BT 221.44 375.55 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 269.62 375.55 Td (current ) Tj ET Q q 0 0 0 rg BT 300.58 375.55 Td (regulations ) Tj ET Q q 0 0 0 rg BT 347.66 375.55 Td (into ) Tj ET Q q 0 0 0 rg BT 365.86 375.55 Td (work ) Tj ET Q q 0 0 0 rg BT 389.06 375.55 Td (flows, ) Tj ET Q q 0 0 0 rg BT 416.42 375.55 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 462.38 375.55 Td (security ) Tj ET Q q 0 0 0 rg BT 496.68 375.55 Td (and ) Tj ET Q q 0 0 0 rg BT 513.77 375.55 Td (control ) Tj ET Q q 0 0 0 rg BT 544.74 375.55 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.55 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 363.55 Td (process ) Tj ET Q q 0 0 0 rg BT 96.71 363.55 Td (and ) Tj ET Q q 0 0 0 rg BT 113.65 363.55 Td (expensive ) Tj ET Q q 0 0 0 rg BT 156.13 363.55 Td (technical ) Tj ET Q q 0 0 0 rg BT 194.72 363.55 Td (integration ) Tj ET Q q 0 0 0 rg BT 240.54 363.55 Td (and ) Tj ET Q q 0 0 0 rg BT 257.48 363.55 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 310.51 363.55 Td (costs.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 337.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 82.33 337.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 124.83 337.25 Td (Industry ) Tj ET Q q 0 0 0 rg BT 162.34 337.25 Td (T) Tj ET Q q 0 0 0 rg BT 168.08 337.25 Td (rends ) Tj ET Q q 0 0 0 rg BT 193.36 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.42 337.25 Td (Developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 320.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.38 320.85 Td (residential ) Tj ET Q q 0 0 0 rg BT 134.37 320.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 174.47 320.85 Td (industry ) Tj ET Q q 0 0 0 rg BT 209.58 320.85 Td (continues ) Tj ET Q q 0 0 0 rg BT 250.24 320.85 Td (to ) Tj ET Q q 0 0 0 rg BT 260.36 320.85 Td (evolve ) Tj ET Q q 0 0 0 rg BT 289.35 320.85 Td (and ) Tj ET Q q 0 0 0 rg BT 306.12 320.85 Td (under) Tj ET Q q 0 0 0 rg BT 328.71 320.85 Td (go ) Tj ET Q q 0 0 0 rg BT 341.04 320.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 385.59 320.85 Td (changes. ) Tj ET Q q 0 0 0 rg BT 422.46 320.85 Td (There ) Tj ET Q q 0 0 0 rg BT 448.12 320.85 Td (are ) Tj ET Q q 0 0 0 rg BT 462.66 320.85 Td (five ) Tj ET Q q 0 0 0 rg BT 480.54 320.85 Td (major ) Tj ET Q q 0 0 0 rg BT 506.20 320.85 Td (trends ) Tj ET Q q 0 0 0 rg BT 532.97 320.85 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 320.85 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.09 308.85 Td (impacting ) Tj ET Q q 0 0 0 rg BT 130.58 308.85 Td (the ) Tj ET Q q 0 0 0 rg BT 145.30 308.85 Td (residential ) Tj ET Q q 0 0 0 rg BT 189.45 308.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 229.71 308.85 Td (industry) Tj ET Q q 0 0 0 rg BT 261.84 308.85 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 282.55 Td (Incr) Tj ET Q q 0 0 0 rg BT 67.79 282.55 Td (eased ) Tj ET Q q 0 0 0 rg BT 93.06 282.55 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 139.26 282.55 Td (Affecting ) Tj ET Q q 0 0 0 rg BT 177.86 282.55 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 212.58 282.55 Td (and ) Tj ET Q q 0 0 0 rg BT 230.08 282.55 Td (Investors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 266.15 Td (Many ) Tj ET Q q 0 0 0 rg BT 98.49 266.15 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 142.24 266.15 Td (reforms ) Tj ET Q q 0 0 0 rg BT 175.99 266.15 Td (have ) Tj ET Q q 0 0 0 rg BT 197.52 266.15 Td (been ) Tj ET Q q 0 0 0 rg BT 219.06 266.15 Td (introduced ) Tj ET Q q 0 0 0 rg BT 264.48 266.15 Td (or ) Tj ET Q q 0 0 0 rg BT 275.46 266.15 Td (proposed ) Tj ET Q q 0 0 0 rg BT 314.78 266.15 Td (in ) Tj ET Q q 0 0 0 rg BT 325.21 266.15 Td (recent ) Tj ET Q q 0 0 0 rg BT 352.29 266.15 Td (years ) Tj ET Q q 0 0 0 rg BT 376.05 266.15 Td (to ) Tj ET Q q 0 0 0 rg BT 386.48 266.15 Td (ensure ) Tj ET Q q 0 0 0 rg BT 415.24 266.15 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 463.44 266.15 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 510.53 266.15 Td (by ) Tj ET Q q 0 0 0 rg BT 523.19 266.15 Td (lenders ) Tj ET Q q 0 0 0 rg BT 554.72 266.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.15 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 96.40 254.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 138.01 254.15 Td (transparency ) Tj ET Q q 0 0 0 rg BT 192.96 254.15 Td (and ) Tj ET Q q 0 0 0 rg BT 211.26 254.15 Td (objectivity ) Tj ET Q q 0 0 0 rg BT 257.88 254.15 Td (of ) Tj ET Q q 0 0 0 rg BT 270.07 254.15 Td (settlement ) Tj ET Q q 0 0 0 rg BT 315.03 254.15 Td (services ) Tj ET Q q 0 0 0 rg BT 351.10 254.15 Td (and ) Tj ET Q q 0 0 0 rg BT 369.40 254.15 Td (greater ) Tj ET Q q 0 0 0 rg BT 401.01 254.15 Td (accountability ) Tj ET Q q 0 0 0 rg BT 461.51 254.15 Td (of ) Tj ET Q q 0 0 0 rg BT 473.70 254.15 Td (lenders ) Tj ET Q q 0 0 0 rg BT 506.44 254.15 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 254.15 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.15 Td (originators. ) Tj ET Q q 0 0 0 rg BT 97.83 242.15 Td (Many ) Tj ET Q q 0 0 0 rg BT 123.66 242.15 Td (of ) Tj ET Q q 0 0 0 rg BT 134.49 242.15 Td (the ) Tj ET Q q 0 0 0 rg BT 149.20 242.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 193.91 242.15 Td (changes ) Tj ET Q q 0 0 0 rg BT 228.62 242.15 Td (in ) Tj ET Q q 0 0 0 rg BT 238.90 242.15 Td (regulations ) Tj ET Q q 0 0 0 rg BT 285.83 242.15 Td (were ) Tj ET Q q 0 0 0 rg BT 307.76 242.15 Td (issued ) Tj ET Q q 0 0 0 rg BT 335.26 242.15 Td (in ) Tj ET Q q 0 0 0 rg BT 345.54 242.15 Td (2013 ) Tj ET Q q 0 0 0 rg BT 368.04 242.15 Td (and ) Tj ET Q q 0 0 0 rg BT 384.98 242.15 Td (2014, ) Tj ET Q q 0 0 0 rg BT 409.98 242.15 Td (including ) Tj ET Q q 0 0 0 rg BT 450.25 242.15 Td (material ) Tj ET Q q 0 0 0 rg BT 485.51 242.15 Td (changes ) Tj ET Q q 0 0 0 rg BT 520.22 242.15 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 225.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 225.75 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 131.78 225.75 Td (Z ) Tj ET Q q 0 0 0 rg BT 140.29 225.75 Td (of ) Tj ET Q q 0 0 0 rg BT 151.02 225.75 Td (the ) Tj ET Q q 0 0 0 rg BT 165.46 225.75 Td (T) Tj ET Q q 0 0 0 rg BT 171.22 225.75 Td (ruth ) Tj ET Q q 0 0 0 rg BT 189.72 225.75 Td (in ) Tj ET Q q 0 0 0 rg BT 199.90 225.75 Td (Lending ) Tj ET Q q 0 0 0 rg BT 235.09 225.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 251.93 225.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.66 225.75 Td (1968, ) Tj ET Q q 0 0 0 rg BT 287.56 225.75 Td (as ) Tj ET Q q 0 0 0 rg BT 298.29 225.75 Td (amended, ) Tj ET Q q 0 0 0 rg BT 339.28 225.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.84 225.75 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.61 225.75 Td (, ) Tj ET Q q 0 0 0 rg BT 377.50 225.75 Td (by ) Tj ET Q q 0 0 0 rg BT 389.90 225.75 Td (the ) Tj ET Q q 0 0 0 rg BT 404.52 225.75 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 448.03 225.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.64 225.75 Td (Protection ) Tj ET Q q 0 0 0 rg BT 531.14 225.75 Td (Bureau, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 213.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.86 213.75 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.32 213.75 Td (, ) Tj ET Q q 0 0 0 rg BT 126.85 213.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.66 213.75 Td (an ) Tj ET Q q 0 0 0 rg BT 160.13 213.75 Td (ef) Tj ET Q q 0 0 0 rg BT 167.72 213.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.95 213.75 Td (date ) Tj ET Q q 0 0 0 rg BT 217.63 213.75 Td (for ) Tj ET Q q 0 0 0 rg BT 232.32 213.75 Td (applications ) Tj ET Q q 0 0 0 rg BT 283.67 213.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 308.36 213.75 Td (on ) Tj ET Q q 0 0 0 rg BT 321.39 213.75 Td (or ) Tj ET Q q 0 0 0 rg BT 332.75 213.75 Td (after ) Tj ET Q q 0 0 0 rg BT 354.09 213.75 Td (January ) Tj ET Q q 0 0 0 rg BT 388.22 213.75 Td (10, ) Tj ET Q q 0 0 0 rg BT 403.75 213.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 429.28 213.75 Td (in ) Tj ET Q q 0 0 0 rg BT 440.09 213.75 Td (which ) Tj ET Q q 0 0 0 rg BT 467.56 213.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 213.75 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.27 213.75 Td ( ) Tj ET Q q 0 0 0 rg BT 510.30 213.75 Td (implemented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 201.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 138.86 201.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.26 201.75 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.47 201.75 Td ( ) Tj ET Q q 0 0 0 rg BT 174.29 201.75 Td (made ) Tj ET Q q 0 0 0 rg BT 198.77 201.75 Td (by ) Tj ET Q q 0 0 0 rg BT 211.59 201.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.62 201.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 278.12 201.75 Td (W) Tj ET Q q 0 0 0 rg BT 286.76 201.75 Td (all ) Tj ET Q q 0 0 0 rg BT 299.58 201.75 Td (Street ) Tj ET Q q 0 0 0 rg BT 325.72 201.75 Td (Reform ) Tj ET Q q 0 0 0 rg BT 359.09 201.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.35 201.75 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 420.27 201.75 Td (Protection ) Tj ET Q q 0 0 0 rg BT 463.57 201.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 483.33 201.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.48 201.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 545.56 201.75 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 201.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 189.75 Td (to ) Tj ET Q q 0 0 0 rg BT 95.95 189.75 Td (require ) Tj ET Q q 0 0 0 rg BT 126.93 189.75 Td (that ) Tj ET Q q 0 0 0 rg BT 144.59 189.75 Td (creditors ) Tj ET Q q 0 0 0 rg BT 182.24 189.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 224.89 189.75 Td (a ) Tj ET Q q 0 0 0 rg BT 232.00 189.75 Td (consumer) Tj ET Q q 0 0 0 rg BT 271.25 189.75 Td () Tj ET Q q 0 0 0 rg BT 274.02 189.75 Td (s ) Tj ET Q q 0 0 0 rg BT 280.58 189.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 308.80 189.75 Td (to ) Tj ET Q q 0 0 0 rg BT 319.25 189.75 Td (repay ) Tj ET Q q 0 0 0 rg BT 344.12 189.75 Td (a ) Tj ET Q q 0 0 0 rg BT 351.23 189.75 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 391.66 189.75 Td (before ) Tj ET Q q 0 0 0 rg BT 419.86 189.75 Td (making ) Tj ET Q q 0 0 0 rg BT 452.53 189.75 Td (a ) Tj ET Q q 0 0 0 rg BT 459.63 189.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 479.52 189.75 Td (and ) Tj ET Q q 0 0 0 rg BT 496.62 189.75 Td (to ) Tj ET Q q 0 0 0 rg BT 507.07 189.75 Td (establish ) Tj ET Q q 0 0 0 rg BT 544.73 189.75 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 177.75 Td (minimum ) Tj ET Q q 0 0 0 rg BT 126.20 177.75 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 165.77 177.75 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 219.23 177.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 258.81 177.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.06 177.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 314.63 177.75 Td (for ) Tj ET Q q 0 0 0 rg BT 328.10 177.75 Td (complying ) Tj ET Q q 0 0 0 rg BT 372.68 177.75 Td (with ) Tj ET Q q 0 0 0 rg BT 392.27 177.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.30 177.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 433.66 177.75 Td (to ) Tj ET Q q 0 0 0 rg BT 443.24 177.75 Td (repay ) Tj ET Q q 0 0 0 rg BT 467.26 177.75 Td (requirement ) Tj ET Q q 0 0 0 rg BT 517.38 177.75 Td (by ) Tj ET Q q 0 0 0 rg BT 529.18 177.75 Td (defining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 165.75 Td (a ) Tj ET Q q 0 0 0 rg BT 92.44 165.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 134.92 165.75 Td (mortgage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 149.35 Td (both ) Tj ET Q q 0 0 0 rg BT 106.16 149.35 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 152.92 149.35 Td (X ) Tj ET Q q 0 0 0 rg BT 163.03 149.35 Td (of ) Tj ET Q q 0 0 0 rg BT 174.24 149.35 Td (the ) Tj ET Q q 0 0 0 rg BT 189.34 149.35 Td (Real ) Tj ET Q q 0 0 0 rg BT 210.55 149.35 Td (Estate ) Tj ET Q q 0 0 0 rg BT 237.86 149.35 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 283.51 149.35 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 330.19 149.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 347.51 149.35 Td (of ) Tj ET Q q 0 0 0 rg BT 358.72 149.35 Td (1974 ) Tj ET Q q 0 0 0 rg BT 381.60 149.35 Td (as ) Tj ET Q q 0 0 0 rg BT 392.82 149.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 434.29 149.35 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.51 149.35 Td (RESP) Tj ET Q q 0 0 0 rg BT 468.49 149.35 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.71 149.35 Td (, ) Tj ET Q q 0 0 0 rg BT 481.09 149.35 Td (and ) Tj ET Q q 0 0 0 rg BT 498.41 149.35 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 545.18 149.35 Td (Z ) Tj ET Q q 0 0 0 rg BT 554.17 149.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 137.35 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.27 137.35 Td (, ) Tj ET Q q 0 0 0 rg BT 114.52 137.35 Td (with ) Tj ET Q q 0 0 0 rg BT 136.06 137.35 Td (an ) Tj ET Q q 0 0 0 rg BT 149.25 137.35 Td (ef) Tj ET Q q 0 0 0 rg BT 156.84 137.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 187.79 137.35 Td (date ) Tj ET Q q 0 0 0 rg BT 208.21 137.35 Td (for ) Tj ET Q q 0 0 0 rg BT 223.62 137.35 Td (applications ) Tj ET Q q 0 0 0 rg BT 275.70 137.35 Td (taken ) Tj ET Q q 0 0 0 rg BT 301.11 137.35 Td (on ) Tj ET Q q 0 0 0 rg BT 314.86 137.35 Td (or ) Tj ET Q q 0 0 0 rg BT 326.95 137.35 Td (after ) Tj ET Q q 0 0 0 rg BT 349.02 137.35 Td (January ) Tj ET Q q 0 0 0 rg BT 383.87 137.35 Td (10, ) Tj ET Q q 0 0 0 rg BT 400.12 137.35 Td (2014, ) Tj ET Q q 0 0 0 rg BT 426.38 137.35 Td (in ) Tj ET Q q 0 0 0 rg BT 437.91 137.35 Td (which ) Tj ET Q q 0 0 0 rg BT 466.11 137.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.08 137.35 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.54 137.35 Td ( ) Tj ET Q q 0 0 0 rg BT 510.29 137.35 Td (implemented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 125.35 Td (amendments ) Tj ET Q q 0 0 0 rg BT 138.31 125.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.36 125.35 Td (RESP) Tj ET Q q 0 0 0 rg BT 171.34 125.35 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.01 125.35 Td ( ) Tj ET Q q 0 0 0 rg BT 180.28 125.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.82 125.35 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.04 125.35 Td ( ) Tj ET Q q 0 0 0 rg BT 221.31 125.35 Td (made ) Tj ET Q q 0 0 0 rg BT 245.23 125.35 Td (by ) Tj ET Q q 0 0 0 rg BT 257.50 125.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.98 125.35 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 322.63 125.35 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.07 125.35 Td ( ) Tj ET Q q 0 0 0 rg BT 339.34 125.35 Td (to ) Tj ET Q q 0 0 0 rg BT 349.38 125.35 Td (expand ) Tj ET Q q 0 0 0 rg BT 380.53 125.35 Td (the ) Tj ET Q q 0 0 0 rg BT 395.01 125.35 Td (types ) Tj ET Q q 0 0 0 rg BT 418.39 125.35 Td (of ) Tj ET Q q 0 0 0 rg BT 428.99 125.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 469.02 125.35 Td (loans ) Tj ET Q q 0 0 0 rg BT 492.40 125.35 Td (that ) Tj ET Q q 0 0 0 rg BT 509.66 125.35 Td (are ) Tj ET Q q 0 0 0 rg BT 524.13 125.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 125.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 113.35 Td (the ) Tj ET Q q 0 0 0 rg BT 100.54 113.35 Td (protections ) Tj ET Q q 0 0 0 rg BT 147.80 113.35 Td (of ) Tj ET Q q 0 0 0 rg BT 158.96 113.35 Td (the ) Tj ET Q q 0 0 0 rg BT 174.00 113.35 Td (Home ) Tj ET Q q 0 0 0 rg BT 201.27 113.35 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 247.97 113.35 Td (and ) Tj ET Q q 0 0 0 rg BT 265.24 113.35 Td (Equity ) Tj ET Q q 0 0 0 rg BT 294.73 113.35 Td (Protection ) Tj ET Q q 0 0 0 rg BT 338.04 113.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 355.30 113.35 Td (of ) Tj ET Q q 0 0 0 rg BT 366.46 113.35 Td (1994, ) Tj ET Q q 0 0 0 rg BT 391.78 113.35 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.94 113.35 Td (HOEP) Tj ET Q q 0 0 0 rg BT 428.13 113.35 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.36 113.35 Td (, ) Tj ET Q q 0 0 0 rg BT 440.68 113.35 Td (by ) Tj ET Q q 0 0 0 rg BT 453.51 113.35 Td (revising ) Tj ET Q q 0 0 0 rg BT 488.55 113.35 Td (and ) Tj ET Q q 0 0 0 rg BT 505.82 113.35 Td (expanding ) Tj ET Q q 0 0 0 rg BT 550.30 113.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 101.35 Td (triggers ) Tj ET Q q 0 0 0 rg BT 118.79 101.35 Td (for ) Tj ET Q q 0 0 0 rg BT 133.20 101.35 Td (coverage ) Tj ET Q q 0 0 0 rg BT 172.03 101.35 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.55 101.35 Td (HOEP) Tj ET Q q 0 0 0 rg BT 222.74 101.35 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.96 101.35 Td (, ) Tj ET Q q 0 0 0 rg BT 235.21 101.35 Td (and ) Tj ET Q q 0 0 0 rg BT 252.39 101.35 Td (to ) Tj ET Q q 0 0 0 rg BT 262.92 101.35 Td (impose ) Tj ET Q q 0 0 0 rg BT 294.55 101.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 337.29 101.35 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 384.47 101.35 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.22 101.35 Td (HOEP) Tj ET Q q 0 0 0 rg BT 422.41 101.35 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.08 101.35 Td ( ) Tj ET Q q 0 0 0 rg BT 431.83 101.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 472.34 101.35 Td (loans, ) Tj ET Q q 0 0 0 rg BT 498.69 101.35 Td (including ) Tj ET Q q 0 0 0 rg BT 539.21 101.35 Td (a ) Tj ET Q q 0 0 0 rg BT 546.40 101.35 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 89.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 105.22 89.35 Td (counseling ) Tj ET Q q 0 0 0 rg BT 151.04 89.35 Td (requirement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 72.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 72.95 Td (both ) Tj ET Q q 0 0 0 rg BT 105.63 72.95 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 151.86 72.95 Td (X ) Tj ET Q q 0 0 0 rg BT 161.43 72.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.11 72.95 Td (RESP) Tj ET Q q 0 0 0 rg BT 195.09 72.95 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.76 72.95 Td ( ) Tj ET Q q 0 0 0 rg BT 204.11 72.95 Td (and ) Tj ET Q q 0 0 0 rg BT 220.90 72.95 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 267.13 72.95 Td (Z ) Tj ET Q q 0 0 0 rg BT 275.58 72.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.09 72.95 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.86 72.95 Td (, ) Tj ET Q q 0 0 0 rg BT 313.71 72.95 Td (with ) Tj ET Q q 0 0 0 rg BT 333.84 72.95 Td (an ) Tj ET Q q 0 0 0 rg BT 345.62 72.95 Td (ef) Tj ET Q q 0 0 0 rg BT 353.21 72.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 382.76 72.95 Td (date ) Tj ET Q q 0 0 0 rg BT 401.77 72.95 Td (for ) Tj ET Q q 0 0 0 rg BT 415.77 72.95 Td (applications ) Tj ET Q q 0 0 0 rg BT 466.44 72.95 Td (taken ) Tj ET Q q 0 0 0 rg BT 490.45 72.95 Td (on ) Tj ET Q q 0 0 0 rg BT 502.80 72.95 Td (or ) Tj ET Q q 0 0 0 rg BT 513.47 72.95 Td (after ) Tj ET Q q 0 0 0 rg BT 533.62 72.95 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 60.95 Td (1, ) Tj ET Q q 0 0 0 rg BT 94.77 60.95 Td (2015, ) Tj ET Q q 0 0 0 rg BT 119.04 60.95 Td (in ) Tj ET Q q 0 0 0 rg BT 128.58 60.95 Td (which ) Tj ET Q q 0 0 0 rg BT 154.79 60.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.77 60.95 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 219.03 60.95 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.47 60.95 Td ( ) Tj ET Q q 0 0 0 rg BT 235.24 60.95 Td (directs ) Tj ET Q q 0 0 0 rg BT 263.66 60.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.64 60.95 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.11 60.95 Td ( ) Tj ET Q q 0 0 0 rg BT 303.87 60.95 Td (to ) Tj ET Q q 0 0 0 rg BT 313.42 60.95 Td (issue ) Tj ET Q q 0 0 0 rg BT 335.19 60.95 Td (proposed ) Tj ET Q q 0 0 0 rg BT 373.62 60.95 Td (rules ) Tj ET Q q 0 0 0 rg BT 394.82 60.95 Td (and ) Tj ET Q q 0 0 0 rg BT 411.03 60.95 Td (forms ) Tj ET Q q 0 0 0 rg BT 436.13 60.95 Td (that ) Tj ET Q q 0 0 0 rg BT 452.89 60.95 Td (combine ) Tj ET Q q 0 0 0 rg BT 489.09 60.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 518.06 60.95 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 48.95 Td (that ) Tj ET Q q 0 0 0 rg BT 103.56 48.95 Td (consumers ) Tj ET Q q 0 0 0 rg BT 149.39 48.95 Td (receive ) Tj ET Q q 0 0 0 rg BT 181.32 48.95 Td (in ) Tj ET Q q 0 0 0 rg BT 192.17 48.95 Td (connection ) Tj ET Q q 0 0 0 rg BT 239.10 48.95 Td (with ) Tj ET Q q 0 0 0 rg BT 259.95 48.95 Td (applying ) Tj ET Q q 0 0 0 rg BT 298.01 48.95 Td (for ) Tj ET Q q 0 0 0 rg BT 312.73 48.95 Td (and ) Tj ET Q q 0 0 0 rg BT 330.24 48.95 Td (closing ) Tj ET Q q 0 0 0 rg BT 362.19 48.95 Td (on ) Tj ET Q q 0 0 0 rg BT 375.25 48.95 Td (a ) Tj ET Q q 0 0 0 rg BT 382.76 48.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 423.59 48.95 Td (loan. ) Tj ET Q q 0 0 0 rg BT 446.37 48.95 Td (In ) Tj ET Q q 0 0 0 rg BT 457.77 48.95 Td (addition ) Tj ET Q q 0 0 0 rg BT 493.60 48.95 Td (to ) Tj ET Q q 0 0 0 rg BT 504.45 48.95 Td (combining ) Tj ET Q q 0 0 0 rg BT 550.29 48.95 Td (the ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 120.60 740.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 164.59 740.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 220.23 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.11 740.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 297.10 740.10 Td (new ) Tj ET Q q 0 0 0 rg BT 317.20 740.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 372.84 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.06 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.72 740.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 451.28 740.10 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.72 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 471.66 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.31 740.10 Td (final ) Tj ET Q q 0 0 0 rg BT 509.08 740.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 528.07 740.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 728.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 125.76 728.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 164.36 728.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 205.17 728.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 253.76 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.04 728.10 Td (those ) Tj ET Q q 0 0 0 rg BT 297.65 728.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 711.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 711.70 Td (section ) Tj ET Q q 0 0 0 rg BT 116.38 711.70 Td (15G ) Tj ET Q q 0 0 0 rg BT 136.15 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 147.04 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 161.80 711.70 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 203.22 711.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 220.21 711.70 Td (\(15. ) Tj ET Q q 0 0 0 rg BT 238.59 711.70 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 268.10 711.70 Td (78o-1) Tj ET Q q 0 0 0 rg BT 291.06 711.70 Td (1\), ) Tj ET Q q 0 0 0 rg BT 304.44 711.70 Td (as ) Tj ET Q q 0 0 0 rg BT 315.32 711.70 Td (added ) Tj ET Q q 0 0 0 rg BT 341.75 711.70 Td (by ) Tj ET Q q 0 0 0 rg BT 354.30 711.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.07 711.70 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 419.95 711.70 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.38 711.70 Td (, ) Tj ET Q q 0 0 0 rg BT 439.44 711.70 Td (with ) Tj ET Q q 0 0 0 rg BT 459.77 711.70 Td (an ) Tj ET Q q 0 0 0 rg BT 471.76 711.70 Td (ef) Tj ET Q q 0 0 0 rg BT 479.35 711.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 509.10 711.70 Td (date ) Tj ET Q q 0 0 0 rg BT 528.31 711.70 Td (one ) Tj ET Q q 0 0 0 rg BT 545.30 711.70 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 699.70 Td (from ) Tj ET Q q 0 0 0 rg BT 107.41 699.70 Td (publication ) Tj ET Q q 0 0 0 rg BT 154.87 699.70 Td (in ) Tj ET Q q 0 0 0 rg BT 165.12 699.70 Td (the ) Tj ET Q q 0 0 0 rg BT 179.81 699.70 Td (Federal ) Tj ET Q q 0 0 0 rg BT 212.26 699.70 Td (Register) Tj ET Q q 0 0 0 rg BT 245.19 699.70 Td (, ) Tj ET Q q 0 0 0 rg BT 250.16 699.70 Td (in ) Tj ET Q q 0 0 0 rg BT 260.41 699.70 Td (which ) Tj ET Q q 0 0 0 rg BT 287.32 699.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.00 699.70 Td (Federal ) Tj ET Q q 0 0 0 rg BT 334.46 699.70 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 369.14 699.70 Td (Board, ) Tj ET Q q 0 0 0 rg BT 398.55 699.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.23 699.70 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 436.54 699.70 Td (and ) Tj ET Q q 0 0 0 rg BT 453.45 699.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.14 699.70 Td (Department ) Tj ET Q q 0 0 0 rg BT 517.81 699.70 Td (of ) Tj ET Q q 0 0 0 rg BT 528.62 699.70 Td (Housing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 687.70 Td (and ) Tj ET Q q 0 0 0 rg BT 101.79 687.70 Td (Urban ) Tj ET Q q 0 0 0 rg BT 128.63 687.70 Td (Development ) Tj ET Q q 0 0 0 rg BT 184.36 687.70 Td (implement ) Tj ET Q q 0 0 0 rg BT 228.98 687.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 253.59 687.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 270.45 687.70 Td (retention ) Tj ET Q q 0 0 0 rg BT 307.84 687.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 361.89 687.70 Td (for ) Tj ET Q q 0 0 0 rg BT 375.41 687.70 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 428.34 687.70 Td (securities. ) Tj ET Q q 0 0 0 rg BT 470.32 687.70 Td (The ) Tj ET Q q 0 0 0 rg BT 487.72 687.70 Td (final ) Tj ET Q q 0 0 0 rg BT 507.90 687.70 Td (rule ) Tj ET Q q 0 0 0 rg BT 525.30 687.70 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 675.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 120.31 675.70 Td (securitizers ) Tj ET Q q 0 0 0 rg BT 168.44 675.70 Td (in ) Tj ET Q q 0 0 0 rg BT 178.81 675.70 Td (both ) Tj ET Q q 0 0 0 rg BT 199.19 675.70 Td (public ) Tj ET Q q 0 0 0 rg BT 226.79 675.70 Td (and ) Tj ET Q q 0 0 0 rg BT 243.82 675.70 Td (private ) Tj ET Q q 0 0 0 rg BT 274.19 675.70 Td (securitization ) Tj ET Q q 0 0 0 rg BT 330.65 675.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 381.02 675.70 Td (to ) Tj ET Q q 0 0 0 rg BT 391.39 675.70 Td (retain ) Tj ET Q q 0 0 0 rg BT 416.76 675.70 Td (not ) Tj ET Q q 0 0 0 rg BT 432.13 675.70 Td (less ) Tj ET Q q 0 0 0 rg BT 449.73 675.70 Td (than ) Tj ET Q q 0 0 0 rg BT 469.55 675.70 Td (5% ) Tj ET Q q 0 0 0 rg BT 485.48 675.70 Td (of ) Tj ET Q q 0 0 0 rg BT 496.41 675.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.22 675.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 536.59 675.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 554.19 675.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 100.31 663.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.24 663.70 Td (collateralizing ) Tj ET Q q 0 0 0 rg BT 186.03 663.70 Td (any ) Tj ET Q q 0 0 0 rg BT 203.06 663.70 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 256.75 663.70 Td (security ) Tj ET Q q 0 0 0 rg BT 291.00 663.70 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 329.78 663.70 Td (The ) Tj ET Q q 0 0 0 rg BT 347.93 663.70 Td (final ) Tj ET Q q 0 0 0 rg BT 368.85 663.70 Td (rule ) Tj ET Q q 0 0 0 rg BT 386.99 663.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 422.91 663.70 Td (a ) Tj ET Q q 0 0 0 rg BT 429.95 663.70 Td (variety ) Tj ET Q q 0 0 0 rg BT 460.31 663.70 Td (of ) Tj ET Q q 0 0 0 rg BT 471.24 663.70 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 519.94 663.70 Td (from ) Tj ET Q q 0 0 0 rg BT 541.97 663.70 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 651.70 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 144.71 651.70 Td (including ) Tj ET Q q 0 0 0 rg BT 187.00 651.70 Td (an ) Tj ET Q q 0 0 0 rg BT 200.94 651.70 Td (exemption ) Tj ET Q q 0 0 0 rg BT 247.67 651.70 Td (for ) Tj ET Q q 0 0 0 rg BT 263.83 651.70 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 319.43 651.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 361.70 651.70 Td (that ) Tj ET Q q 0 0 0 rg BT 381.21 651.70 Td (are ) Tj ET Q q 0 0 0 rg BT 397.92 651.70 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 456.29 651.70 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 506.34 651.70 Td (by ) Tj ET Q q 0 0 0 rg BT 520.85 651.70 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 639.70 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 129.12 639.70 Td (that ) Tj ET Q q 0 0 0 rg BT 146.09 639.70 Td (qualify ) Tj ET Q q 0 0 0 rg BT 176.38 639.70 Td (as ) Tj ET Q q 0 0 0 rg BT 186.68 639.70 Td (qualified ) Tj ET Q q 0 0 0 rg BT 228.63 639.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 272.24 639.70 Td (mortgages." ) Tj ET Q q 0 0 0 rg BT 322.31 639.70 Td (The ) Tj ET Q q 0 0 0 rg BT 339.82 639.70 Td (final ) Tj ET Q q 0 0 0 rg BT 360.11 639.70 Td (rule) Tj ET Q q 0 0 0 rg BT 378.44 639.70 Td (s ) Tj ET Q q 0 0 0 rg BT 384.30 639.70 Td (definition ) Tj ET Q q 0 0 0 rg BT 425.15 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 435.45 639.70 Td ("qualified ) Tj ET Q q 0 0 0 rg BT 477.04 639.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 520.66 639.70 Td (mortgage" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 627.70 Td (is ) Tj ET Q q 0 0 0 rg BT 94.67 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.39 627.70 Td (same ) Tj ET Q q 0 0 0 rg BT 132.43 627.70 Td (as ) Tj ET Q q 0 0 0 rg BT 143.26 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.98 627.70 Td (definition ) Tj ET Q q 0 0 0 rg BT 199.36 627.70 Td (of ) Tj ET Q q 0 0 0 rg BT 210.19 627.70 Td (qualified ) Tj ET Q q 0 0 0 rg BT 252.67 627.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 297.38 627.70 Td (under ) Tj ET Q q 0 0 0 rg BT 322.64 627.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.36 627.70 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.82 627.70 Td () Tj ET Q q 0 0 0 rg BT 364.60 627.70 Td (s ) Tj ET Q q 0 0 0 rg BT 370.99 627.70 Td (ability-to-repay ) Tj ET Q q 0 0 0 rg BT 435.69 627.70 Td (rules.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 611.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 611.30 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 131.95 611.30 Td (C ) Tj ET Q q 0 0 0 rg BT 141.18 611.30 Td (to ) Tj ET Q q 0 0 0 rg BT 151.52 611.30 Td (implement ) Tj ET Q q 0 0 0 rg BT 196.85 611.30 Td (amendments ) Tj ET Q q 0 0 0 rg BT 249.96 611.30 Td (to ) Tj ET Q q 0 0 0 rg BT 260.30 611.30 Td (the ) Tj ET Q q 0 0 0 rg BT 275.08 611.30 Td (Home ) Tj ET Q q 0 0 0 rg BT 302.08 611.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 343.52 611.30 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 388.29 611.30 Td (Act ) Tj ET Q q 0 0 0 rg BT 405.29 611.30 Td (with ) Tj ET Q q 0 0 0 rg BT 425.63 611.30 Td (a ) Tj ET Q q 0 0 0 rg BT 432.63 611.30 Td (comment ) Tj ET Q q 0 0 0 rg BT 472.41 611.30 Td (period ) Tj ET Q q 0 0 0 rg BT 500.52 611.30 Td (ending ) Tj ET Q q 0 0 0 rg BT 530.30 611.30 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 599.30 Td (29, ) Tj ET Q q 0 0 0 rg BT 100.04 599.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 124.57 599.30 Td (in ) Tj ET Q q 0 0 0 rg BT 134.39 599.30 Td (which ) Tj ET Q q 0 0 0 rg BT 160.86 599.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.11 599.30 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 225.58 599.30 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.02 599.30 Td ( ) Tj ET Q q 0 0 0 rg BT 242.06 599.30 Td (directs ) Tj ET Q q 0 0 0 rg BT 270.75 599.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.00 599.30 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.46 599.30 Td ( ) Tj ET Q q 0 0 0 rg BT 311.50 599.30 Td (to ) Tj ET Q q 0 0 0 rg BT 321.32 599.30 Td (add ) Tj ET Q q 0 0 0 rg BT 337.79 599.30 Td (several ) Tj ET Q q 0 0 0 rg BT 368.14 599.30 Td (new ) Tj ET Q q 0 0 0 rg BT 386.84 599.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 425.53 599.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 479.77 599.30 Td (and ) Tj ET Q q 0 0 0 rg BT 496.24 599.30 Td (to ) Tj ET Q q 0 0 0 rg BT 506.06 599.30 Td (clarify ) Tj ET Q q 0 0 0 rg BT 534.19 599.30 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 587.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 119.45 587.30 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 176.27 587.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.10 587.30 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.57 587.30 Td ( ) Tj ET Q q 0 0 0 rg BT 220.85 587.30 Td (is ) Tj ET Q q 0 0 0 rg BT 229.81 587.30 Td (also ) Tj ET Q q 0 0 0 rg BT 248.20 587.30 Td (proposing ) Tj ET Q q 0 0 0 rg BT 290.49 587.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 324.98 587.30 Td (to ) Tj ET Q q 0 0 0 rg BT 335.04 587.30 Td (institutional ) Tj ET Q q 0 0 0 rg BT 385.11 587.30 Td (and ) Tj ET Q q 0 0 0 rg BT 401.83 587.30 Td (transactional ) Tj ET Q q 0 0 0 rg BT 455.20 587.30 Td (coverage ) Tj ET Q q 0 0 0 rg BT 493.57 587.30 Td (under ) Tj ET Q q 0 0 0 rg BT 518.63 587.30 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 575.30 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 558.90 Td (In ) Tj ET Q q 0 0 0 rg BT 83.63 558.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 119.21 558.90 Td (to ) Tj ET Q q 0 0 0 rg BT 129.79 558.90 Td (the ) Tj ET Q q 0 0 0 rg BT 144.81 558.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 188.71 558.90 Td (reforms ) Tj ET Q q 0 0 0 rg BT 222.61 558.90 Td (that ) Tj ET Q q 0 0 0 rg BT 240.41 558.90 Td (have ) Tj ET Q q 0 0 0 rg BT 262.08 558.90 Td (been ) Tj ET Q q 0 0 0 rg BT 283.76 558.90 Td (introduced ) Tj ET Q q 0 0 0 rg BT 329.33 558.90 Td (or ) Tj ET Q q 0 0 0 rg BT 340.46 558.90 Td (proposed, ) Tj ET Q q 0 0 0 rg BT 382.43 558.90 Td (other ) Tj ET Q q 0 0 0 rg BT 405.78 558.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 450.79 558.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 485.80 558.90 Td (in ) Tj ET Q q 0 0 0 rg BT 496.38 558.90 Td (regulations ) Tj ET Q q 0 0 0 rg BT 543.62 558.90 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.90 Td (been ) Tj ET Q q 0 0 0 rg BT 70.80 546.90 Td (implemented ) Tj ET Q q 0 0 0 rg BT 125.43 546.90 Td (since ) Tj ET Q q 0 0 0 rg BT 148.40 546.90 Td (2008 ) Tj ET Q q 0 0 0 rg BT 170.82 546.90 Td (that ) Tj ET Q q 0 0 0 rg BT 188.24 546.90 Td (are ) Tj ET Q q 0 0 0 rg BT 202.87 546.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 233.62 546.90 Td (to ) Tj ET Q q 0 0 0 rg BT 243.82 546.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 287.34 546.90 Td (enforcement, ) Tj ET Q q 0 0 0 rg BT 342.23 546.90 Td (including ) Tj ET Q q 0 0 0 rg BT 382.43 546.90 Td (material ) Tj ET Q q 0 0 0 rg BT 417.61 546.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 452.24 546.90 Td (to ) Tj ET Q q 0 0 0 rg BT 462.45 546.90 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 508.75 546.90 Td (Z ) Tj ET Q q 0 0 0 rg BT 517.28 546.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.86 546.90 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.08 546.90 Td ( ) Tj ET Q q 0 0 0 rg BT 552.50 546.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 534.90 Td (Federal ) Tj ET Q q 0 0 0 rg BT 96.60 534.90 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 131.26 534.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 158.14 534.90 Td (to ) Tj ET Q q 0 0 0 rg BT 168.37 534.90 Td (protect ) Tj ET Q q 0 0 0 rg BT 198.58 534.90 Td (consumers ) Tj ET Q q 0 0 0 rg BT 243.80 534.90 Td (in ) Tj ET Q q 0 0 0 rg BT 254.03 534.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.69 534.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 308.90 534.90 Td (market ) Tj ET Q q 0 0 0 rg BT 339.12 534.90 Td (from ) Tj ET Q q 0 0 0 rg BT 361.00 534.90 Td (unfair ) Tj ET Q q 0 0 0 rg BT 387.33 534.90 Td (or ) Tj ET Q q 0 0 0 rg BT 398.11 534.90 Td (abusive ) Tj ET Q q 0 0 0 rg BT 431.10 534.90 Td (lending ) Tj ET Q q 0 0 0 rg BT 463.55 534.90 Td (practices ) Tj ET Q q 0 0 0 rg BT 501.53 534.90 Td (that ) Tj ET Q q 0 0 0 rg BT 518.97 534.90 Td (could ) Tj ET Q q 0 0 0 rg BT 543.64 534.90 Td (arise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.90 Td (from ) Tj ET Q q 0 0 0 rg BT 71.31 522.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 100.89 522.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 120.48 522.90 Td (originator ) Tj ET Q q 0 0 0 rg BT 162.29 522.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 220.21 522.90 Td (practices ) Tj ET Q q 0 0 0 rg BT 258.11 522.90 Td (by ) Tj ET Q q 0 0 0 rg BT 270.49 522.90 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 317.30 522.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 358.00 522.90 Td (to ) Tj ET Q q 0 0 0 rg BT 368.16 522.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 387.75 522.90 Td (originators ) Tj ET Q q 0 0 0 rg BT 433.45 522.90 Td (based ) Tj ET Q q 0 0 0 rg BT 458.59 522.90 Td (on ) Tj ET Q q 0 0 0 rg BT 470.97 522.90 Td (the ) Tj ET Q q 0 0 0 rg BT 485.56 522.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 510.15 522.90 Td (or ) Tj ET Q q 0 0 0 rg BT 520.85 522.90 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 510.90 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 510.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 121.42 510.90 Td (other ) Tj ET Q q 0 0 0 rg BT 144.47 510.90 Td (than ) Tj ET Q q 0 0 0 rg BT 164.18 510.90 Td (the ) Tj ET Q q 0 0 0 rg BT 178.90 510.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 211.39 510.90 Td (of ) Tj ET Q q 0 0 0 rg BT 222.22 510.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 247.49 510.90 Td (extended.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 494.50 Td (These ) Tj ET Q q 0 0 0 rg BT 98.40 494.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 141.52 494.50 Td (reforms ) Tj ET Q q 0 0 0 rg BT 174.65 494.50 Td (further ) Tj ET Q q 0 0 0 rg BT 203.88 494.50 Td (complicate ) Tj ET Q q 0 0 0 rg BT 249.78 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.02 494.50 Td (process ) Tj ET Q q 0 0 0 rg BT 296.04 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 312.50 494.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 347.28 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 361.52 494.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 393.54 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.90 494.50 Td (documentation ) Tj ET Q q 0 0 0 rg BT 465.36 494.50 Td (required ) Tj ET Q q 0 0 0 rg BT 500.70 494.50 Td (to ) Tj ET Q q 0 0 0 rg BT 510.50 494.50 Td (originate ) Tj ET Q q 0 0 0 rg BT 548.07 494.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.33 482.50 Td (residential ) Tj ET Q q 0 0 0 rg BT 114.48 482.50 Td (mortgages.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 456.20 Td (Incr) Tj ET Q q 0 0 0 rg BT 67.79 456.20 Td (eased ) Tj ET Q q 0 0 0 rg BT 93.06 456.20 Td (Quality ) Tj ET Q q 0 0 0 rg BT 125.55 456.20 Td (Standar) Tj ET Q q 0 0 0 rg BT 156.85 456.20 Td (ds ) Tj ET Q q 0 0 0 rg BT 168.24 456.20 Td (Imposed ) Tj ET Q q 0 0 0 rg BT 204.63 456.20 Td (by ) Tj ET Q q 0 0 0 rg BT 216.56 456.20 Td (Regulators, ) Tj ET Q q 0 0 0 rg BT 265.45 456.20 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 300.17 456.20 Td (and ) Tj ET Q q 0 0 0 rg BT 317.67 456.20 Td (Investors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 439.80 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 108.11 439.80 Td (have ) Tj ET Q q 0 0 0 rg BT 130.38 439.80 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 175.99 439.80 Td (many ) Tj ET Q q 0 0 0 rg BT 201.61 439.80 Td (high-risk ) Tj ET Q q 0 0 0 rg BT 241.12 439.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 261.73 439.80 Td (product ) Tj ET Q q 0 0 0 rg BT 295.68 439.80 Td (of) Tj ET Q q 0 0 0 rg BT 303.83 439.80 Td (ferings ) Tj ET Q q 0 0 0 rg BT 335.00 439.80 Td (and ) Tj ET Q q 0 0 0 rg BT 352.84 439.80 Td (significantly ) Tj ET Q q 0 0 0 rg BT 406.23 439.80 Td (tightened ) Tj ET Q q 0 0 0 rg BT 446.84 439.80 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 501.89 439.80 Td (and ) Tj ET Q q 0 0 0 rg BT 519.73 439.80 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.80 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 105.74 427.80 Td (Similarly) Tj ET Q q 0 0 0 rg BT 142.32 427.80 Td (, ) Tj ET Q q 0 0 0 rg BT 146.36 427.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 184.01 427.80 Td (seek ) Tj ET Q q 0 0 0 rg BT 203.32 427.80 Td (higher) Tj ET Q q 0 0 0 rg BT 228.67 427.80 Td (-quality) Tj ET Q q 0 0 0 rg BT 259.12 427.80 Td (, ) Tj ET Q q 0 0 0 rg BT 263.16 427.80 Td (lower) Tj ET Q q 0 0 0 rg BT 285.73 427.80 Td (-risk ) Tj ET Q q 0 0 0 rg BT 305.60 427.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 328.25 427.80 Td (in ) Tj ET Q q 0 0 0 rg BT 337.57 427.80 Td (which ) Tj ET Q q 0 0 0 rg BT 363.55 427.80 Td (to ) Tj ET Q q 0 0 0 rg BT 372.87 427.80 Td (invest. ) Tj ET Q q 0 0 0 rg BT 400.80 427.80 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 444.57 427.80 Td (with ) Tj ET Q q 0 0 0 rg BT 463.89 427.80 Td (these ) Tj ET Q q 0 0 0 rg BT 485.98 427.80 Td (tightened ) Tj ET Q q 0 0 0 rg BT 524.73 427.80 Td (standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.80 Td (and ) Tj ET Q q 0 0 0 rg BT 65.71 415.80 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 119.95 415.80 Td (lenders ) Tj ET Q q 0 0 0 rg BT 150.60 415.80 Td (and ) Tj ET Q q 0 0 0 rg BT 166.80 415.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 204.68 415.80 Td (are ) Tj ET Q q 0 0 0 rg BT 218.65 415.80 Td (demanding ) Tj ET Q q 0 0 0 rg BT 264.85 415.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 304.37 415.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 329.46 415.80 Td (of ) Tj ET Q q 0 0 0 rg BT 339.56 415.80 Td (documentation ) Tj ET Q q 0 0 0 rg BT 400.75 415.80 Td (of ) Tj ET Q q 0 0 0 rg BT 410.85 415.80 Td (the ) Tj ET Q q 0 0 0 rg BT 424.83 415.80 Td (data ) Tj ET Q q 0 0 0 rg BT 443.26 415.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 465.02 415.80 Td (which ) Tj ET Q q 0 0 0 rg BT 491.23 415.80 Td (a ) Tj ET Q q 0 0 0 rg BT 497.43 415.80 Td (lending ) Tj ET Q q 0 0 0 rg BT 529.19 415.80 Td (decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.80 Td (will ) Tj ET Q q 0 0 0 rg BT 66.97 403.80 Td (be ) Tj ET Q q 0 0 0 rg BT 78.32 403.80 Td (based, ) Tj ET Q q 0 0 0 rg BT 105.50 403.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.16 403.80 Td (use ) Tj ET Q q 0 0 0 rg BT 160.41 403.80 Td (of ) Tj ET Q q 0 0 0 rg BT 170.65 403.80 Td (third-party ) Tj ET Q q 0 0 0 rg BT 215.32 403.80 Td (services ) Tj ET Q q 0 0 0 rg BT 249.44 403.80 Td (to ) Tj ET Q q 0 0 0 rg BT 259.13 403.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 286.04 403.80 Td (unbiased ) Tj ET Q q 0 0 0 rg BT 323.50 403.80 Td (and ) Tj ET Q q 0 0 0 rg BT 339.85 403.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 390.63 403.80 Td (verification ) Tj ET Q q 0 0 0 rg BT 438.63 403.80 Td (of ) Tj ET Q q 0 0 0 rg BT 448.87 403.80 Td (borrowers) Tj ET Q q 0 0 0 rg BT 492.00 403.80 Td ( ) Tj ET Q q 0 0 0 rg BT 493.91 403.80 Td (creditworthiness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 79.59 391.80 Td (proof ) Tj ET Q q 0 0 0 rg BT 103.59 391.80 Td (of ) Tj ET Q q 0 0 0 rg BT 114.26 391.80 Td (the ) Tj ET Q q 0 0 0 rg BT 128.82 391.80 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 168.91 391.80 Td (of ) Tj ET Q q 0 0 0 rg BT 179.58 391.80 Td (the ) Tj ET Q q 0 0 0 rg BT 194.13 391.80 Td (collateral ) Tj ET Q q 0 0 0 rg BT 233.67 391.80 Td (securing ) Tj ET Q q 0 0 0 rg BT 269.89 391.80 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 313.88 391.80 Td (and ) Tj ET Q q 0 0 0 rg BT 330.66 391.80 Td (strict ) Tj ET Q q 0 0 0 rg BT 352.99 391.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 401.42 391.80 Td (with ) Tj ET Q q 0 0 0 rg BT 421.54 391.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 464.97 391.80 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 521.84 391.80 Td (This ) Tj ET Q q 0 0 0 rg BT 541.96 391.80 Td (trend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.80 Td (further ) Tj ET Q q 0 0 0 rg BT 80.36 379.80 Td (increases ) Tj ET Q q 0 0 0 rg BT 120.66 379.80 Td (the ) Tj ET Q q 0 0 0 rg BT 136.53 379.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 170.18 379.80 Td (of ) Tj ET Q q 0 0 0 rg BT 182.16 379.80 Td (documentation ) Tj ET Q q 0 0 0 rg BT 245.25 379.80 Td (and ) Tj ET Q q 0 0 0 rg BT 263.34 379.80 Td (number ) Tj ET Q q 0 0 0 rg BT 297.54 379.80 Td (of ) Tj ET Q q 0 0 0 rg BT 309.52 379.80 Td (services ) Tj ET Q q 0 0 0 rg BT 345.38 379.80 Td (required ) Tj ET Q q 0 0 0 rg BT 382.35 379.80 Td (to ) Tj ET Q q 0 0 0 rg BT 393.79 379.80 Td (originate ) Tj ET Q q 0 0 0 rg BT 432.98 379.80 Td (and ) Tj ET Q q 0 0 0 rg BT 451.07 379.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 473.06 379.80 Td (residential ) Tj ET Q q 0 0 0 rg BT 518.36 379.80 Td (mortgages. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.80 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.65 367.80 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 141.46 367.80 Td (by ) Tj ET Q q 0 0 0 rg BT 153.30 367.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 182.90 367.80 Td (and ) Tj ET Q q 0 0 0 rg BT 199.18 367.80 Td (state ) Tj ET Q q 0 0 0 rg BT 219.35 367.80 Td (regulators ) Tj ET Q q 0 0 0 rg BT 261.18 367.80 Td (continues ) Tj ET Q q 0 0 0 rg BT 301.34 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 310.96 367.80 Td (encourage ) Tj ET Q q 0 0 0 rg BT 353.89 367.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 393.50 367.80 Td (originators ) Tj ET Q q 0 0 0 rg BT 438.66 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 448.28 367.80 Td (explore ) Tj ET Q q 0 0 0 rg BT 480.11 367.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 526.39 367.80 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.80 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 355.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 100.04 355.80 Td (adequate ) Tj ET Q q 0 0 0 rg BT 138.07 355.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 172.79 355.80 Td (and ) Tj ET Q q 0 0 0 rg BT 189.73 355.80 Td (policy ) Tj ET Q q 0 0 0 rg BT 217.22 355.80 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 269.70 355.80 Td (to ) Tj ET Q q 0 0 0 rg BT 279.97 355.80 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 317.45 355.80 Td (originating ) Tj ET Q q 0 0 0 rg BT 363.83 355.80 Td (compliant ) Tj ET Q q 0 0 0 rg BT 406.32 355.80 Td (loans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 329.50 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.24 329.50 Td (eater ) Tj ET Q q 0 0 0 rg BT 85.29 329.50 Td (Focus ) Tj ET Q q 0 0 0 rg BT 112.23 329.50 Td (on ) Tj ET Q q 0 0 0 rg BT 124.73 329.50 Td (Operational ) Tj ET Q q 0 0 0 rg BT 176.11 329.50 Td (Efficiencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 313.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 114.24 313.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 160.43 313.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 211.59 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.90 313.10 Td ($2,263 ) Tj ET Q q 0 0 0 rg BT 249.26 313.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 284.88 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.52 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.60 313.10 Td (average ) Tj ET Q q 0 0 0 rg BT 344.55 313.10 Td (total ) Tj ET Q q 0 0 0 rg BT 365.19 313.10 Td (production ) Tj ET Q q 0 0 0 rg BT 411.37 313.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 430.35 313.10 Td (per ) Tj ET Q q 0 0 0 rg BT 445.98 313.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 468.56 313.10 Td (from ) Tj ET Q q 0 0 0 rg BT 490.86 313.10 Td ($3,685 ) Tj ET Q q 0 0 0 rg BT 521.23 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.87 313.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 554.73 313.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td ($5,948 ) Tj ET Q q 0 0 0 rg BT 79.50 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.78 301.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.28 305.63 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.53 305.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.15 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.65 301.10 Td (During ) Tj ET Q q 0 0 0 rg BT 150.48 301.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.20 301.10 Td (third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.09 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.59 301.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 217.40 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.23 301.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.23 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.95 301.10 Td (average ) Tj ET Q q 0 0 0 rg BT 301.53 301.10 Td (total ) Tj ET Q q 0 0 0 rg BT 321.81 301.10 Td (production ) Tj ET Q q 0 0 0 rg BT 367.63 301.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 386.24 301.10 Td (per ) Tj ET Q q 0 0 0 rg BT 401.51 301.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 421.23 301.10 Td (was ) Tj ET Q q 0 0 0 rg BT 439.28 301.10 Td ($6,769) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 466.78 305.63 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.03 301.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.53 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.46 301.10 Td (we ) Tj ET Q q 0 0 0 rg BT 503.63 301.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 532.22 301.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 554.72 301.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.56 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.97 289.10 Td (be ) Tj ET Q q 0 0 0 rg BT 109.04 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.10 289.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 160.94 289.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 217.44 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.73 289.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 272.12 289.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 318.08 289.10 Td (due ) Tj ET Q q 0 0 0 rg BT 335.14 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.55 289.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 387.61 289.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 428.00 289.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 471.17 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.23 289.10 Td (heightened ) Tj ET Q q 0 0 0 rg BT 534.73 289.10 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.27 277.10 Td (. ) Tj ET Q q 0 0 0 rg BT 91.95 277.10 Td (As ) Tj ET Q q 0 0 0 rg BT 105.86 277.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.10 277.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 140.61 277.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 181.17 277.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 227.30 277.10 Td (have ) Tj ET Q q 0 0 0 rg BT 248.97 277.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 278.44 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.01 277.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 324.57 277.10 Td (their ) Tj ET Q q 0 0 0 rg BT 345.69 277.10 Td (ef) Tj ET Q q 0 0 0 rg BT 353.28 277.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 388.28 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.51 277.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 434.96 277.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 458.30 277.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 499.70 277.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 531.93 277.10 Td (them ) Tj ET Q q 0 0 0 rg BT 554.72 277.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (explore ) Tj ET Q q 0 0 0 rg BT 81.67 265.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 128.29 265.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 166.59 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.56 265.10 Td (automate ) Tj ET Q q 0 0 0 rg BT 215.39 265.10 Td (their ) Tj ET Q q 0 0 0 rg BT 235.90 265.10 Td (business ) Tj ET Q q 0 0 0 rg BT 271.98 265.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 312.48 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.00 265.10 Td (well ) Tj ET Q q 0 0 0 rg BT 342.40 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.92 265.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 388.99 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.95 265.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 423.35 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.87 265.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 462.70 265.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 500.98 265.10 Td (that ) Tj ET Q q 0 0 0 rg BT 518.16 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 532.55 265.10 Td (not ) Tj ET Q q 0 0 0 rg BT 547.52 265.10 Td (tied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 253.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 93.92 253.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 138.63 253.10 Td (activities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 226.80 Td (Customers ) Tj ET Q q 0 0 0 rg BT 96.60 226.80 Td (Adopting ) Tj ET Q q 0 0 0 rg BT 135.77 226.80 Td (Multi-Channel ) Tj ET Q q 0 0 0 rg BT 197.15 226.80 Td (Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 210.40 Td (Customers ) Tj ET Q q 0 0 0 rg BT 118.64 210.40 Td (are ) Tj ET Q q 0 0 0 rg BT 134.22 210.40 Td (developing ) Tj ET Q q 0 0 0 rg BT 182.02 210.40 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 240.92 210.40 Td (strategies ) Tj ET Q q 0 0 0 rg BT 282.05 210.40 Td (beyond ) Tj ET Q q 0 0 0 rg BT 314.85 210.40 Td (a ) Tj ET Q q 0 0 0 rg BT 322.66 210.40 Td (single ) Tj ET Q q 0 0 0 rg BT 349.91 210.40 Td (retail, ) Tj ET Q q 0 0 0 rg BT 376.32 210.40 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 436.33 210.40 Td (or ) Tj ET Q q 0 0 0 rg BT 448.02 210.40 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 491.38 210.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 532.50 210.40 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.40 Td (channel ) Tj ET Q q 0 0 0 rg BT 83.79 198.40 Td (in ) Tj ET Q q 0 0 0 rg BT 94.76 198.40 Td (order ) Tj ET Q q 0 0 0 rg BT 119.05 198.40 Td (to ) Tj ET Q q 0 0 0 rg BT 130.02 198.40 Td (grow ) Tj ET Q q 0 0 0 rg BT 153.77 198.40 Td (their ) Tj ET Q q 0 0 0 rg BT 175.29 198.40 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 222.97 198.40 Td (The ) Tj ET Q q 0 0 0 rg BT 241.71 198.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 297.11 198.40 Td (of ) Tj ET Q q 0 0 0 rg BT 308.63 198.40 Td (these ) Tj ET Q q 0 0 0 rg BT 332.37 198.40 Td (dif) Tj ET Q q 0 0 0 rg BT 343.30 198.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 369.81 198.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 407.98 198.40 Td (vary ) Tj ET Q q 0 0 0 rg BT 428.95 198.40 Td (and ) Tj ET Q q 0 0 0 rg BT 446.58 198.40 Td (in ) Tj ET Q q 0 0 0 rg BT 457.55 198.40 Td (order ) Tj ET Q q 0 0 0 rg BT 481.84 198.40 Td (to ) Tj ET Q q 0 0 0 rg BT 492.81 198.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 531.00 198.40 Td (a ) Tj ET Q q 0 0 0 rg BT 538.63 198.40 Td (single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.76 186.40 Td (system, ) Tj ET Q q 0 0 0 rg BT 122.54 186.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 165.59 186.40 Td (must ) Tj ET Q q 0 0 0 rg BT 187.54 186.40 Td (use ) Tj ET Q q 0 0 0 rg BT 203.37 186.40 Td (a ) Tj ET Q q 0 0 0 rg BT 210.31 186.40 Td (robust ) Tj ET Q q 0 0 0 rg BT 237.81 186.40 Td (system ) Tj ET Q q 0 0 0 rg BT 268.08 186.40 Td (with ) Tj ET Q q 0 0 0 rg BT 288.36 186.40 Td (customizable ) Tj ET Q q 0 0 0 rg BT 343.62 186.40 Td (functionality) Tj ET Q q 0 0 0 rg BT 394.07 186.40 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 130.40 Td (____________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 106.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 105.22 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 143.59 105.22 Td (Association, ) Tj ET Q q 0 0 0 rg BT 195.26 105.22 Td (Annual Mortgage Bankers Performance Report 2013 Data, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.52 105.22 Td (Net Loan Pr) Tj ET Q q 0 0 0 rg BT 482.60 105.22 Td (oduction Income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 95.21 Td (and Expense, $ per loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.42 95.21 Td (Copyright May 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 81.07 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 80.22 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 143.59 80.22 Td (Association, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 195.81 80.22 Td (Independent Mortgage Bankers Pr) Tj ET Q q 0 0 0 rg BT 334.57 80.22 Td (ofits Dr) Tj ET Q q 0 0 0 rg BT 365.04 80.22 Td (op Slightly Despite Higher V) Tj ET Q q 0 0 0 rg BT 479.47 80.22 Td (olume in the Thir) Tj ET Q q 0 0 0 rg BT 548.26 80.22 Td (d ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 70.21 Td (Quarter of 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 70.21 Td (, December 4, 2014.) 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ET Q q 0 0 0 rg BT 185.87 493.20 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 234.12 493.20 Td (of) Tj ET Q q 0 0 0 rg BT 242.27 493.20 Td (fering, ) Tj ET Q q 0 0 0 rg BT 271.90 493.20 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.49 493.20 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 306.75 493.20 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.30 493.20 Td (, ) Tj ET Q q 0 0 0 rg BT 358.06 493.20 Td (the ) Tj ET Q q 0 0 0 rg BT 373.54 493.20 Td (customer ) Tj ET Q q 0 0 0 rg BT 413.46 493.20 Td (does ) Tj ET Q q 0 0 0 rg BT 435.05 493.20 Td (not ) Tj ET Q q 0 0 0 rg BT 451.09 493.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 468.78 493.20 Td (the ) Tj ET Q q 0 0 0 rg BT 484.26 493.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 529.73 493.20 Td (up-front ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 481.20 Td (licensing ) Tj ET Q q 0 0 0 rg BT 88.82 481.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 103.25 481.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 146.57 481.20 Td (with ) Tj ET Q q 0 0 0 rg BT 166.57 481.20 Td (our ) Tj ET Q q 0 0 0 rg BT 182.12 481.20 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 229.32 481.20 Td (license ) Tj ET Q q 0 0 0 rg BT 259.31 481.20 Td (software ) Tj ET Q q 0 0 0 rg BT 295.96 481.20 Td (but ) Tj ET Q q 0 0 0 rg BT 310.96 481.20 Td (rather ) Tj ET Q q 0 0 0 rg BT 336.49 481.20 Td (pays ) Tj ET Q q 0 0 0 rg BT 357.04 481.20 Td (a ) Tj ET Q q 0 0 0 rg BT 363.70 481.20 Td (monthly ) Tj ET Q q 0 0 0 rg BT 399.26 481.20 Td (base ) Tj ET Q q 0 0 0 rg BT 419.25 481.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 433.67 481.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 452.56 481.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 494.78 481.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 513.09 481.20 Td (based ) Tj ET Q q 0 0 0 rg BT 538.08 481.20 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 481.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 469.20 Td (number ) Tj ET Q q 0 0 0 rg BT 83.62 469.20 Td (of ) Tj ET Q q 0 0 0 rg BT 94.53 469.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 118.22 469.20 Td (they ) Tj ET Q q 0 0 0 rg BT 138.01 469.20 Td (fund, ) Tj ET Q q 0 0 0 rg BT 161.42 469.20 Td (or ) Tj ET Q q 0 0 0 rg BT 172.33 469.20 Td (success ) Tj ET Q q 0 0 0 rg BT 204.89 469.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 229.97 469.20 Td (which ) Tj ET Q q 0 0 0 rg BT 256.99 469.20 Td (we ) Tj ET Q q 0 0 0 rg BT 271.22 469.20 Td (refer ) Tj ET Q q 0 0 0 rg BT 292.67 469.20 Td (to ) Tj ET Q q 0 0 0 rg BT 303.02 469.20 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.93 469.20 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 375.94 469.20 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.82 469.20 Td (. ) Tj ET Q q 0 0 0 rg BT 409.71 469.20 Td (W) Tj ET Q q 0 0 0 rg BT 418.35 469.20 Td (e ) Tj ET Q q 0 0 0 rg BT 425.37 469.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 456.82 469.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.61 469.20 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 533.62 469.20 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 469.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 457.20 Td (model ) Tj ET Q q 0 0 0 rg BT 78.61 457.20 Td (is ) Tj ET Q q 0 0 0 rg BT 88.39 457.20 Td (particularly ) Tj ET Q q 0 0 0 rg BT 137.59 457.20 Td (attractive ) Tj ET Q q 0 0 0 rg BT 177.90 457.20 Td (in ) Tj ET Q q 0 0 0 rg BT 188.79 457.20 Td (the ) Tj ET Q q 0 0 0 rg BT 204.12 457.20 Td (present ) Tj ET Q q 0 0 0 rg BT 236.11 457.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 280.87 457.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 321.74 457.20 Td (origination ) Tj ET Q q 0 0 0 rg BT 368.74 457.20 Td (market ) Tj ET Q q 0 0 0 rg BT 399.61 457.20 Td (as ) Tj ET Q q 0 0 0 rg BT 411.05 457.20 Td (it ) Tj ET Q q 0 0 0 rg BT 419.72 457.20 Td (aligns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.72 457.20 Td (customers) Tj ET Q q 0 0 0 rg BT 489.86 457.20 Td ( ) Tj ET Q q 0 0 0 rg BT 492.97 457.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 534.41 457.20 Td (for ) Tj ET Q q 0 0 0 rg BT 549.18 457.20 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 445.20 Td (software ) Tj ET Q q 0 0 0 rg BT 86.68 445.20 Td (solutions ) Tj ET Q q 0 0 0 rg BT 124.55 445.20 Td (with ) Tj ET Q q 0 0 0 rg BT 144.08 445.20 Td (their ) Tj ET Q q 0 0 0 rg BT 164.16 445.20 Td (own ) Tj ET Q q 0 0 0 rg BT 183.14 445.20 Td (receipts ) Tj ET Q q 0 0 0 rg BT 215.98 445.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.07 445.20 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 445.20 Td (. ) Tj ET Q q 0 0 0 rg BT 265.73 445.20 Td (This ) Tj ET Q q 0 0 0 rg BT 285.26 445.20 Td (business ) Tj ET Q q 0 0 0 rg BT 320.91 445.20 Td (model ) Tj ET Q q 0 0 0 rg BT 347.65 445.20 Td (also ) Tj ET Q q 0 0 0 rg BT 365.52 445.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 403.91 445.20 Td (the ) Tj ET Q q 0 0 0 rg BT 417.88 445.20 Td (ef) Tj ET Q q 0 0 0 rg BT 425.47 445.20 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 459.43 445.20 Td (of ) Tj ET Q q 0 0 0 rg BT 469.51 445.20 Td (our ) Tj ET Q q 0 0 0 rg BT 484.59 445.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 505.78 445.20 Td (and ) Tj ET Q q 0 0 0 rg BT 521.98 445.20 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 433.20 Td (ef) Tj ET Q q 0 0 0 rg BT 58.09 433.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 78.88 433.20 Td (by ) Tj ET Q q 0 0 0 rg BT 91.34 433.20 Td (allowing ) Tj ET Q q 0 0 0 rg BT 128.80 433.20 Td (us ) Tj ET Q q 0 0 0 rg BT 140.15 433.20 Td (to ) Tj ET Q q 0 0 0 rg BT 150.40 433.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 166.74 433.20 Td (multiple ) Tj ET Q q 0 0 0 rg BT 202.54 433.20 Td (products ) Tj ET Q q 0 0 0 rg BT 239.44 433.20 Td (and ) Tj ET Q q 0 0 0 rg BT 256.34 433.20 Td (services, ) Tj ET Q q 0 0 0 rg BT 293.51 433.20 Td (including ) Tj ET Q q 0 0 0 rg BT 333.74 433.20 Td (our ) Tj ET Q q 0 0 0 rg BT 349.54 433.20 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 372.00 433.20 Td (version ) Tj ET Q q 0 0 0 rg BT 403.90 433.20 Td (of ) Tj ET Q q 0 0 0 rg BT 414.69 433.20 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 465.20 433.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 513.21 433.20 Td (CenterW) Tj ET Q q 0 0 0 rg BT 548.90 433.20 Td (ise, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 421.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.37 421.20 Td (Docs ) Tj ET Q q 0 0 0 rg BT 121.25 421.20 Td (Solution, ) Tj ET Q q 0 0 0 rg BT 159.98 421.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 207.85 421.20 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 258.50 421.20 Td (Service ) Tj ET Q q 0 0 0 rg BT 290.81 421.20 Td (and ) Tj ET Q q 0 0 0 rg BT 307.57 421.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 355.45 421.20 Td (Product ) Tj ET Q q 0 0 0 rg BT 388.88 421.20 Td (and ) Tj ET Q q 0 0 0 rg BT 405.65 421.20 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 436.86 421.20 Td (Service, ) Tj ET Q q 0 0 0 rg BT 471.67 421.20 Td (to ) Tj ET Q q 0 0 0 rg BT 481.78 421.20 Td (our ) Tj ET Q q 0 0 0 rg BT 497.43 421.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 537.52 421.20 Td (lender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 409.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.55 409.20 Td (in ) Tj ET Q q 0 0 0 rg BT 103.83 409.20 Td (a ) Tj ET Q q 0 0 0 rg BT 110.76 409.20 Td (single ) Tj ET Q q 0 0 0 rg BT 137.15 409.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 159.09 409.20 Td (ef) Tj ET Q q 0 0 0 rg BT 166.68 409.20 Td (fort.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 387.30 Td (Sell ) Tj ET Q q 0 0 0 rg BT 90.02 387.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 133.67 387.30 Td (pr) Tj ET Q q 0 0 0 rg BT 142.19 387.30 Td (oducts ) Tj ET Q q 0 0 0 rg BT 170.83 387.30 Td (and ) Tj ET Q q 0 0 0 rg BT 188.35 387.30 Td (services ) Tj ET Q q 0 0 0 rg BT 223.09 387.30 Td (to ) Tj ET Q q 0 0 0 rg BT 233.40 387.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 281.48 387.30 Td (users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.59 387.30 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.09 387.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.09 387.30 Td (By ) Tj ET Q q 0 0 0 rg BT 329.29 387.30 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 365.15 387.30 Td (our ) Tj ET Q q 0 0 0 rg BT 381.01 387.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 444.07 387.30 Td (suite ) Tj ET Q q 0 0 0 rg BT 465.49 387.30 Td (of ) Tj ET Q q 0 0 0 rg BT 476.35 387.30 Td (bundled ) Tj ET Q q 0 0 0 rg BT 511.09 387.30 Td (products ) Tj ET Q q 0 0 0 rg BT 548.06 387.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 375.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.14 375.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 129.62 375.30 Td (avoid ) Tj ET Q q 0 0 0 rg BT 153.78 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.93 375.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 184.86 375.30 Td (and ) Tj ET Q q 0 0 0 rg BT 201.24 375.30 Td (ef) Tj ET Q q 0 0 0 rg BT 208.82 375.30 Td (fort ) Tj ET Q q 0 0 0 rg BT 225.20 375.30 Td (of ) Tj ET Q q 0 0 0 rg BT 235.46 375.30 Td (cobbling ) Tj ET Q q 0 0 0 rg BT 272.39 375.30 Td (together ) Tj ET Q q 0 0 0 rg BT 307.09 375.30 Td (two ) Tj ET Q q 0 0 0 rg BT 324.03 375.30 Td (or ) Tj ET Q q 0 0 0 rg BT 334.29 375.30 Td (more ) Tj ET Q q 0 0 0 rg BT 356.77 375.30 Td (solutions ) Tj ET Q q 0 0 0 rg BT 394.83 375.30 Td (from ) Tj ET Q q 0 0 0 rg BT 416.20 375.30 Td (our ) Tj ET Q q 0 0 0 rg BT 431.47 375.30 Td (competing ) Tj ET Q q 0 0 0 rg BT 475.61 375.30 Td (vendors. ) Tj ET Q q 0 0 0 rg BT 511.57 375.30 Td (T) Tj ET Q q 0 0 0 rg BT 516.98 375.30 Td (o ) Tj ET Q q 0 0 0 rg BT 523.91 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 538.06 375.30 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 363.30 Td (users ) Tj ET Q q 0 0 0 rg BT 73.33 363.30 Td (do ) Tj ET Q q 0 0 0 rg BT 85.62 363.30 Td (not ) Tj ET Q q 0 0 0 rg BT 100.68 363.30 Td (subscribe ) Tj ET Q q 0 0 0 rg BT 140.73 363.30 Td (to ) Tj ET Q q 0 0 0 rg BT 150.79 363.30 Td (our ) Tj ET Q q 0 0 0 rg BT 166.40 363.30 Td (bundled ) Tj ET Q q 0 0 0 rg BT 200.90 363.30 Td (of) Tj ET Q q 0 0 0 rg BT 209.05 363.30 Td (fering, ) Tj ET Q q 0 0 0 rg BT 237.71 363.30 Td (we ) Tj ET Q q 0 0 0 rg BT 251.65 363.30 Td (intend ) Tj ET Q q 0 0 0 rg BT 278.93 363.30 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 363.30 Td (encourage ) Tj ET Q q 0 0 0 rg BT 332.36 363.30 Td (use ) Tj ET Q q 0 0 0 rg BT 347.97 363.30 Td (of ) Tj ET Q q 0 0 0 rg BT 358.59 363.30 Td (more ) Tj ET Q q 0 0 0 rg BT 381.42 363.30 Td (of ) Tj ET Q q 0 0 0 rg BT 392.03 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 363.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 454.36 363.30 Td (services ) Tj ET Q q 0 0 0 rg BT 488.85 363.30 Td (we ) Tj ET Q q 0 0 0 rg BT 502.79 363.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 541.17 363.30 Td (of) Tj ET Q q 0 0 0 rg BT 549.32 363.30 Td (fer) Tj ET Q q 0 0 0 rg BT 560.01 363.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 351.30 Td (such ) Tj ET Q q 0 0 0 rg BT 71.55 351.30 Td (as ) Tj ET Q q 0 0 0 rg BT 82.61 351.30 Td (document ) Tj ET Q q 0 0 0 rg BT 124.76 351.30 Td (preparation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.52 351.30 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.74 351.30 Td (, ) Tj ET Q q 0 0 0 rg BT 202.97 351.30 Td (compliance ) Tj ET Q q 0 0 0 rg BT 251.78 351.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 289.21 351.30 Td (product ) Tj ET Q q 0 0 0 rg BT 322.48 351.30 Td (and ) Tj ET Q q 0 0 0 rg BT 339.64 351.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 370.69 351.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 408.12 351.30 Td (flood ) Tj ET Q q 0 0 0 rg BT 431.95 351.30 Td (services ) Tj ET Q q 0 0 0 rg BT 466.88 351.30 Td (and ) Tj ET Q q 0 0 0 rg BT 484.05 351.30 Td (website ) Tj ET Q q 0 0 0 rg BT 517.32 351.30 Td (hosting. ) Tj ET Q q 0 0 0 rg BT 551.39 351.30 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 339.30 Td (our ) Tj ET Q q 0 0 0 rg BT 66.65 339.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 110.02 339.30 Td (opt ) Tj ET Q q 0 0 0 rg BT 125.62 339.30 Td (for ) Tj ET Q q 0 0 0 rg BT 140.10 339.30 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 196.24 339.30 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 244.05 339.30 Td (software ) Tj ET Q q 0 0 0 rg BT 281.30 339.30 Td (and ) Tj ET Q q 0 0 0 rg BT 298.56 339.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 336.09 339.30 Td (we ) Tj ET Q q 0 0 0 rg BT 350.57 339.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 387.25 339.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 430.06 339.30 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 470.92 339.30 Td ( ) Tj ET Q q 0 0 0 rg BT 473.54 339.30 Td (These ) Tj ET Q q 0 0 0 rg BT 500.24 339.30 Td (are ) Tj ET Q q 0 0 0 rg BT 515.27 339.30 Td (services ) Tj ET Q q 0 0 0 rg BT 550.29 339.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 327.30 Td (lender ) Tj ET Q q 0 0 0 rg BT 78.20 327.30 Td (must ) Tj ET Q q 0 0 0 rg BT 100.37 327.30 Td (use ) Tj ET Q q 0 0 0 rg BT 116.42 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 126.92 327.30 Td (originate ) Tj ET Q q 0 0 0 rg BT 165.18 327.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 189.00 327.30 Td (and ) Tj ET Q q 0 0 0 rg BT 206.16 327.30 Td (by ) Tj ET Q q 0 0 0 rg BT 218.88 327.30 Td (encouraging ) Tj ET Q q 0 0 0 rg BT 271.02 327.30 Td (our ) Tj ET Q q 0 0 0 rg BT 287.07 327.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 330.34 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 340.83 327.30 Td (use ) Tj ET Q q 0 0 0 rg BT 356.88 327.30 Td (these ) Tj ET Q q 0 0 0 rg BT 380.15 327.30 Td (through ) Tj ET Q q 0 0 0 rg BT 413.98 327.30 Td (the ) Tj ET Q q 0 0 0 rg BT 428.91 327.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 477.18 327.30 Td (platform ) Tj ET Q q 0 0 0 rg BT 514.33 327.30 Td (we ) Tj ET Q q 0 0 0 rg BT 528.71 327.30 Td (can ) Tj ET Q q 0 0 0 rg BT 545.30 327.30 Td (help ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 315.30 Td (of) Tj ET Q q 0 0 0 rg BT 58.65 315.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 72.44 315.30 Td (the ) Tj ET Q q 0 0 0 rg BT 87.35 315.30 Td (lender ) Tj ET Q q 0 0 0 rg BT 115.03 315.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 145.47 315.30 Td (ef) Tj ET Q q 0 0 0 rg BT 153.06 315.30 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 187.95 315.30 Td (and ) Tj ET Q q 0 0 0 rg BT 205.08 315.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.88 315.30 Td (savings ) Tj ET Q q 0 0 0 rg BT 256.58 315.30 Td (and ) Tj ET Q q 0 0 0 rg BT 273.71 315.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.83 315.30 Td (to ) Tj ET Q q 0 0 0 rg BT 321.30 315.30 Td (drive ) Tj ET Q q 0 0 0 rg BT 344.54 315.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 387.22 315.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.56 315.30 Td (per ) Tj ET Q q 0 0 0 rg BT 437.02 315.30 Td (user) Tj ET Q q 0 0 0 rg BT 453.13 315.30 Td (. ) Tj ET Q q 0 0 0 rg BT 458.13 315.30 Td (W) Tj ET Q q 0 0 0 rg BT 466.76 315.30 Td (e ) Tj ET Q q 0 0 0 rg BT 473.89 315.30 Td (also ) Tj ET Q q 0 0 0 rg BT 492.69 315.30 Td (intend ) Tj ET Q q 0 0 0 rg BT 520.38 315.30 Td (to ) Tj ET Q q 0 0 0 rg BT 530.85 315.30 Td (develop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 303.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.99 303.30 Td (products ) Tj ET Q q 0 0 0 rg BT 129.93 303.30 Td (and ) Tj ET Q q 0 0 0 rg BT 146.87 303.30 Td (services ) Tj ET Q q 0 0 0 rg BT 181.57 303.30 Td (to ) Tj ET Q q 0 0 0 rg BT 191.85 303.30 Td (sell ) Tj ET Q q 0 0 0 rg BT 208.24 303.30 Td (to ) Tj ET Q q 0 0 0 rg BT 218.52 303.30 Td (our ) Tj ET Q q 0 0 0 rg BT 234.35 303.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 282.39 303.30 Td (users.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 281.40 Td (Expand ) Tj ET Q q 0 0 0 rg BT 105.89 281.40 Td (the ) Tj ET Q q 0 0 0 rg BT 120.94 281.40 Td (use ) Tj ET Q q 0 0 0 rg BT 137.11 281.40 Td (of ) Tj ET Q q 0 0 0 rg BT 147.73 281.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 191.11 281.40 Td (services ) Tj ET Q q 0 0 0 rg BT 226.15 281.40 Td (on ) Tj ET Q q 0 0 0 rg BT 238.99 281.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 254.04 281.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 275.77 281.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 296.37 281.40 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.26 281.40 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 332.76 281.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.76 281.40 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.14 281.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 382.86 281.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 403.47 281.40 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.46 281.40 Td ( ) Tj ET Q q 0 0 0 rg BT 441.30 281.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 478.58 281.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.18 281.40 Td (originators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 269.40 Td (electronic ) Tj ET Q q 0 0 0 rg BT 92.44 269.40 Td (access ) Tj ET Q q 0 0 0 rg BT 120.50 269.40 Td (to ) Tj ET Q q 0 0 0 rg BT 130.80 269.40 Td (many ) Tj ET Q q 0 0 0 rg BT 155.54 269.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.40 269.40 Td (the ) Tj ET Q q 0 0 0 rg BT 181.14 269.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 219.77 269.40 Td (and ) Tj ET Q q 0 0 0 rg BT 236.73 269.40 Td (mega ) Tj ET Q q 0 0 0 rg BT 260.91 269.40 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 294.81 269.40 Td (and ) Tj ET Q q 0 0 0 rg BT 311.77 269.40 Td (most ) Tj ET Q q 0 0 0 rg BT 333.75 269.40 Td (of ) Tj ET Q q 0 0 0 rg BT 344.60 269.40 Td (the ) Tj ET Q q 0 0 0 rg BT 359.34 269.40 Td (service ) Tj ET Q q 0 0 0 rg BT 390.18 269.40 Td (providers, ) Tj ET Q q 0 0 0 rg BT 432.97 269.40 Td (that ) Tj ET Q q 0 0 0 rg BT 450.49 269.40 Td (they ) Tj ET Q q 0 0 0 rg BT 470.23 269.40 Td (need ) Tj ET Q q 0 0 0 rg BT 491.63 269.40 Td (to ) Tj ET Q q 0 0 0 rg BT 501.93 269.40 Td (interact ) Tj ET Q q 0 0 0 rg BT 534.43 269.40 Td (with ) Tj ET Q q 0 0 0 rg BT 554.74 269.40 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 257.40 Td (order ) Tj ET Q q 0 0 0 rg BT 73.74 257.40 Td (to ) Tj ET Q q 0 0 0 rg BT 83.67 257.40 Td (process ) Tj ET Q q 0 0 0 rg BT 115.80 257.40 Td (and ) Tj ET Q q 0 0 0 rg BT 132.39 257.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 152.86 257.40 Td (loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.61 257.40 Td (During) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.94 257.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.44 257.40 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.44 257.40 Td ( ) Tj ET Q q 0 0 0 rg BT 231.59 257.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.17 257.40 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.17 257.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.82 257.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 320.51 257.40 Td (users ) Tj ET Q q 0 0 0 rg BT 343.21 257.40 Td (employed ) Tj ET Q q 0 0 0 rg BT 384.79 257.40 Td (the ) Tj ET Q q 0 0 0 rg BT 399.15 257.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 420.17 257.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 440.09 257.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 477.22 257.40 Td (to ) Tj ET Q q 0 0 0 rg BT 487.15 257.40 Td (process ) Tj ET Q q 0 0 0 rg BT 519.28 257.40 Td (on ) Tj ET Q q 0 0 0 rg BT 531.43 257.40 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 245.40 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.26 245.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.13 245.40 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.80 245.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.68 245.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 176.32 245.40 Td (per ) Tj ET Q q 0 0 0 rg BT 191.96 245.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 212.06 245.40 Td (file) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.38 245.40 Td (. ) Tj ET Q q 0 0 0 rg BT 230.55 245.40 Td (These ) Tj ET Q q 0 0 0 rg BT 257.30 245.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 307.94 245.40 Td (included ) Tj ET Q q 0 0 0 rg BT 345.25 245.40 Td (electronic ) Tj ET Q q 0 0 0 rg BT 387.55 245.40 Td (ordering ) Tj ET Q q 0 0 0 rg BT 424.30 245.40 Td (of ) Tj ET Q q 0 0 0 rg BT 435.51 245.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 461.15 245.40 Td (reports ) Tj ET Q q 0 0 0 rg BT 491.79 245.40 Td (and ) Tj ET Q q 0 0 0 rg BT 509.11 245.40 Td (accessing ) Tj ET Q q 0 0 0 rg BT 550.30 245.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 233.40 Td (automatic ) Tj ET Q q 0 0 0 rg BT 91.61 233.40 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 144.94 233.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 178.29 233.40 Td (of ) Tj ET Q q 0 0 0 rg BT 188.30 233.40 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 217.19 233.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 236.64 233.40 Td (and ) Tj ET Q q 0 0 0 rg BT 252.76 233.40 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 284.98 233.40 Td (Mac. ) Tj ET Q q 0 0 0 rg BT 306.93 233.40 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 349.70 233.40 Td (interaction ) Tj ET Q q 0 0 0 rg BT 394.14 233.40 Td (over ) Tj ET Q q 0 0 0 rg BT 413.58 233.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.48 233.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 448.04 233.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 467.49 233.40 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.48 233.40 Td ( ) Tj ET Q q 0 0 0 rg BT 504.16 233.40 Td (is ) Tj ET Q q 0 0 0 rg BT 512.50 233.40 Td (less ) Tj ET Q q 0 0 0 rg BT 529.18 233.40 Td (frequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 221.40 Td (with ) Tj ET Q q 0 0 0 rg BT 71.21 221.40 Td (other ) Tj ET Q q 0 0 0 rg BT 94.70 221.40 Td (service ) Tj ET Q q 0 0 0 rg BT 125.95 221.40 Td (providers, ) Tj ET Q q 0 0 0 rg BT 169.15 221.40 Td (such ) Tj ET Q q 0 0 0 rg BT 190.42 221.40 Td (as ) Tj ET Q q 0 0 0 rg BT 201.69 221.40 Td (appraisers ) Tj ET Q q 0 0 0 rg BT 245.16 221.40 Td (and ) Tj ET Q q 0 0 0 rg BT 262.53 221.40 Td (title ) Tj ET Q q 0 0 0 rg BT 281.02 221.40 Td (and ) Tj ET Q q 0 0 0 rg BT 298.40 221.40 Td (flood ) Tj ET Q q 0 0 0 rg BT 322.44 221.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 362.03 221.40 Td (companies. ) Tj ET Q q 0 0 0 rg BT 410.02 221.40 Td (W) Tj ET Q q 0 0 0 rg BT 418.66 221.40 Td (e ) Tj ET Q q 0 0 0 rg BT 426.03 221.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 457.84 221.40 Td (this ) Tj ET Q q 0 0 0 rg BT 475.22 221.40 Td (usage ) Tj ET Q q 0 0 0 rg BT 500.93 221.40 Td (is ) Tj ET Q q 0 0 0 rg BT 510.53 221.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 536.24 221.40 Td (in ) Tj ET Q q 0 0 0 rg BT 546.95 221.40 Td (part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 209.40 Td (because ) Tj ET Q q 0 0 0 rg BT 85.07 209.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 128.54 209.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 160.34 209.40 Td (that ) Tj ET Q q 0 0 0 rg BT 178.25 209.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.40 209.40 Td (electronic ) Tj ET Q q 0 0 0 rg BT 235.74 209.40 Td (solutions ) Tj ET Q q 0 0 0 rg BT 274.78 209.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 313.25 209.40 Td (by ) Tj ET Q q 0 0 0 rg BT 326.17 209.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 370.20 209.40 Td (service ) Tj ET Q q 0 0 0 rg BT 401.44 209.40 Td (entities ) Tj ET Q q 0 0 0 rg BT 433.24 209.40 Td (do ) Tj ET Q q 0 0 0 rg BT 446.17 209.40 Td (not ) Tj ET Q q 0 0 0 rg BT 461.87 209.40 Td (of) Tj ET Q q 0 0 0 rg BT 470.02 209.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 484.04 209.40 Td (electronic ) Tj ET Q q 0 0 0 rg BT 526.38 209.40 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 197.40 Td (superior ) Tj ET Q q 0 0 0 rg BT 85.84 197.40 Td (to ) Tj ET Q q 0 0 0 rg BT 96.18 197.40 Td (traditional ) Tj ET Q q 0 0 0 rg BT 139.85 197.40 Td (processes. ) Tj ET Q q 0 0 0 rg BT 183.05 197.40 Td (W) Tj ET Q q 0 0 0 rg BT 191.69 197.40 Td (e ) Tj ET Q q 0 0 0 rg BT 198.69 197.40 Td (intend ) Tj ET Q q 0 0 0 rg BT 226.26 197.40 Td (to ) Tj ET Q q 0 0 0 rg BT 236.60 197.40 Td (encourage ) Tj ET Q q 0 0 0 rg BT 280.25 197.40 Td (providers ) Tj ET Q q 0 0 0 rg BT 320.59 197.40 Td (of ) Tj ET Q q 0 0 0 rg BT 331.49 197.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 375.15 197.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 412.43 197.40 Td (such ) Tj ET Q q 0 0 0 rg BT 433.32 197.40 Td (as ) Tj ET Q q 0 0 0 rg BT 444.22 197.40 Td (title ) Tj ET Q q 0 0 0 rg BT 462.34 197.40 Td (reports ) Tj ET Q q 0 0 0 rg BT 492.68 197.40 Td (and ) Tj ET Q q 0 0 0 rg BT 509.68 197.40 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 554.74 197.40 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 185.40 Td (deliver ) Tj ET Q q 0 0 0 rg BT 80.76 185.40 Td (these ) Tj ET Q q 0 0 0 rg BT 103.81 185.40 Td (services ) Tj ET Q q 0 0 0 rg BT 138.52 185.40 Td (electronically ) Tj ET Q q 0 0 0 rg BT 195.43 185.40 Td (through ) Tj ET Q q 0 0 0 rg BT 229.04 185.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.76 185.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 265.14 185.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 285.41 185.40 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.40 185.40 Td ( ) Tj ET Q q 0 0 0 rg BT 322.90 185.40 Td (as ) Tj ET Q q 0 0 0 rg BT 333.73 185.40 Td (such ) Tj ET Q q 0 0 0 rg BT 354.56 185.40 Td (solutions ) Tj ET Q q 0 0 0 rg BT 393.18 185.40 Td (improve ) Tj ET Q q 0 0 0 rg BT 429.00 185.40 Td (over ) Tj ET Q q 0 0 0 rg BT 449.27 185.40 Td (traditional ) Tj ET Q q 0 0 0 rg BT 492.87 185.40 Td (processes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 163.50 Td (Sell ) Tj ET Q q 0 0 0 rg BT 91.15 163.50 Td (enhanced ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 133.12 163.50 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 155.66 163.50 Td (Mae ) Tj ET Q q 0 0 0 rg BT 177.09 163.50 Td (Network) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 210.97 163.50 Td ( ) Tj ET Q q 0 0 0 rg BT 214.63 163.50 Td (offerings ) Tj ET Q q 0 0 0 rg BT 253.84 163.50 Td (to ) Tj ET Q q 0 0 0 rg BT 265.28 163.50 Td (investors, ) Tj ET Q q 0 0 0 rg BT 307.54 163.50 Td (lenders ) Tj ET Q q 0 0 0 rg BT 340.64 163.50 Td (and ) Tj ET Q q 0 0 0 rg BT 359.29 163.50 Td (service ) Tj ET Q q 0 0 0 rg BT 391.26 163.50 Td (pr) Tj ET Q q 0 0 0 rg BT 399.78 163.50 Td (oviders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.72 163.50 Td (W) Tj ET Q q 0 0 0 rg BT 450.36 163.50 Td (e ) Tj ET Q q 0 0 0 rg BT 458.46 163.50 Td (intend ) Tj ET Q q 0 0 0 rg BT 487.11 163.50 Td (to ) Tj ET Q q 0 0 0 rg BT 498.54 163.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 536.63 163.50 Td (to ) Tj ET Q q 0 0 0 rg BT 548.07 163.50 Td (add ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 151.50 Td (functionality ) Tj ET Q q 0 0 0 rg BT 104.09 151.50 Td (and ) Tj ET Q q 0 0 0 rg BT 121.02 151.50 Td (services ) Tj ET Q q 0 0 0 rg BT 155.72 151.50 Td (to ) Tj ET Q q 0 0 0 rg BT 165.99 151.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.70 151.50 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 202.07 151.50 Td (Mae ) Tj ET Q q 0 0 0 rg BT 222.33 151.50 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.32 151.50 Td ( ) Tj ET Q q 0 0 0 rg BT 259.81 151.50 Td (so ) Tj ET Q q 0 0 0 rg BT 271.20 151.50 Td (investors, ) Tj ET Q q 0 0 0 rg BT 312.30 151.50 Td (lenders ) Tj ET Q q 0 0 0 rg BT 343.67 151.50 Td (and ) Tj ET Q q 0 0 0 rg BT 360.60 151.50 Td (service ) Tj ET Q q 0 0 0 rg BT 391.40 151.50 Td (providers ) Tj ET Q q 0 0 0 rg BT 431.66 151.50 Td (can ) Tj ET Q q 0 0 0 rg BT 448.03 151.50 Td (more ) Tj ET Q q 0 0 0 rg BT 471.07 151.50 Td (ef) Tj ET Q q 0 0 0 rg BT 478.66 151.50 Td (fectively ) Tj ET Q q 0 0 0 rg BT 516.13 151.50 Td (do ) Tj ET Q q 0 0 0 rg BT 528.62 151.50 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 139.50 Td (with ) Tj ET Q q 0 0 0 rg BT 70.91 139.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 111.31 139.50 Td (originators ) Tj ET Q q 0 0 0 rg BT 157.27 139.50 Td (using ) Tj ET Q q 0 0 0 rg BT 181.57 139.50 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 232.06 139.50 Td (W) Tj ET Q q 0 0 0 rg BT 240.70 139.50 Td (e ) Tj ET Q q 0 0 0 rg BT 247.77 139.50 Td (introduced ) Tj ET Q q 0 0 0 rg BT 293.17 139.50 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.94 139.50 Td (TQL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.01 139.50 Td ( ) Tj ET Q q 0 0 0 rg BT 330.64 139.50 Td (program ) Tj ET Q q 0 0 0 rg BT 367.15 139.50 Td (in ) Tj ET Q q 0 0 0 rg BT 377.56 139.50 Td (201) Tj ET Q q 0 0 0 rg BT 392.19 139.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 399.82 139.50 Td (and ) Tj ET Q q 0 0 0 rg BT 416.90 139.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 453.96 139.50 Td (to ) Tj ET Q q 0 0 0 rg BT 464.37 139.50 Td (work ) Tj ET Q q 0 0 0 rg BT 487.56 139.50 Td (to ) Tj ET Q q 0 0 0 rg BT 497.97 139.50 Td (add ) Tj ET Q q 0 0 0 rg BT 515.04 139.50 Td (more ) Tj ET Q q 0 0 0 rg BT 538.22 139.50 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 139.50 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 127.50 Td (lender ) Tj ET Q q 0 0 0 rg BT 78.57 127.50 Td (and ) Tj ET Q q 0 0 0 rg BT 96.08 127.50 Td (investor ) Tj ET Q q 0 0 0 rg BT 131.38 127.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 175.01 127.50 Td (to ) Tj ET Q q 0 0 0 rg BT 185.87 127.50 Td (this ) Tj ET Q q 0 0 0 rg BT 203.39 127.50 Td (program. ) Tj ET Q q 0 0 0 rg BT 242.85 127.50 Td ( ) Tj ET Q q 0 0 0 rg BT 245.93 127.50 Td (Investors ) Tj ET Q q 0 0 0 rg BT 285.67 127.50 Td (and ) Tj ET Q q 0 0 0 rg BT 303.19 127.50 Td (lenders ) Tj ET Q q 0 0 0 rg BT 335.15 127.50 Td (can ) Tj ET Q q 0 0 0 rg BT 352.10 127.50 Td (populate ) Tj ET Q q 0 0 0 rg BT 389.62 127.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 430.46 127.50 Td (originators) Tj ET Q q 0 0 0 rg BT 476.38 127.50 Td ( ) Tj ET Q q 0 0 0 rg BT 479.46 127.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 528.08 127.50 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 115.50 Td (with ) Tj ET Q q 0 0 0 rg BT 71.17 115.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 105.15 115.50 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 156.63 115.50 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 211.17 115.50 Td (and ) Tj ET Q q 0 0 0 rg BT 228.50 115.50 Td (documentation ) Tj ET Q q 0 0 0 rg BT 290.82 115.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 345.91 115.50 Td (for ) Tj ET Q q 0 0 0 rg BT 360.46 115.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 384.46 115.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 406.79 115.50 Td (to ) Tj ET Q q 0 0 0 rg BT 417.46 115.50 Td (delivery ) Tj ET Q q 0 0 0 rg BT 453.11 115.50 Td (in ) Tj ET Q q 0 0 0 rg BT 463.78 115.50 Td (order ) Tj ET Q q 0 0 0 rg BT 487.77 115.50 Td (to ) Tj ET Q q 0 0 0 rg BT 498.43 115.50 Td (screen ) Tj ET Q q 0 0 0 rg BT 526.86 115.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 550.86 115.50 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 103.50 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.77 103.50 Td (and ) Tj ET Q q 0 0 0 rg BT 97.71 103.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 141.31 103.50 Td (compliance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 81.60 Td (Acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 81.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 153.74 81.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 190.26 81.60 Td (is ) Tj ET Q q 0 0 0 rg BT 200.67 81.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 229.97 81.60 Td (fragmented, ) Tj ET Q q 0 0 0 rg BT 281.74 81.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.92 81.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.32 81.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 347.94 81.60 Td (there ) Tj ET Q q 0 0 0 rg BT 371.66 81.60 Td (are ) Tj ET Q q 0 0 0 rg BT 387.61 81.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 425.23 81.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 481.74 81.60 Td (available ) Tj ET Q q 0 0 0 rg BT 521.57 81.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.09 81.60 Td (acquire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 69.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 95.42 69.60 Td (software ) Tj ET Q q 0 0 0 rg BT 132.56 69.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 178.03 69.60 Td (or ) Tj ET Q q 0 0 0 rg BT 189.06 69.60 Td (software ) Tj ET Q q 0 0 0 rg BT 226.20 69.60 Td (providers ) Tj ET Q q 0 0 0 rg BT 266.68 69.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.38 69.60 Td (of) Tj ET Q q 0 0 0 rg BT 292.53 69.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 306.33 69.60 Td (related ) Tj ET Q q 0 0 0 rg BT 336.24 69.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 376.72 69.60 Td (origination ) Tj ET Q q 0 0 0 rg BT 423.31 69.60 Td (functionality ) Tj ET Q q 0 0 0 rg BT 477.11 69.60 Td (that ) Tj ET Q q 0 0 0 rg BT 494.81 69.60 Td (will ) Tj ET Q q 0 0 0 rg BT 513.08 69.60 Td (complement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 57.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.82 57.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 101.46 57.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.56 57.60 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 171.86 57.60 Td (of ) Tj ET Q q 0 0 0 rg BT 182.07 57.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.28 57.60 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.40 57.60 Td (. ) Tj ET Q q 0 0 0 rg BT 237.78 57.60 Td (For ) Tj ET Q q 0 0 0 rg BT 253.56 57.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 291.81 57.60 Td (in ) Tj ET Q q 0 0 0 rg BT 301.47 57.60 Td (October ) Tj ET Q q 0 0 0 rg BT 335.56 57.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 359.94 57.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.49 57.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 409.79 57.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 462.23 57.60 Td (all ) Tj ET Q q 0 0 0 rg BT 474.10 57.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.20 57.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 513.42 57.60 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.75 57.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.63 57.60 Td (Mortgage ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 740.10 Td (Resource ) Tj ET Q q 0 0 0 rg BT 89.39 740.10 Td (Center) Tj ET Q q 0 0 0 rg BT 115.64 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.82 740.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 139.27 740.10 Td (dba) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.71 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.01 740.10 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.79 740.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.97 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.09 740.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 233.64 740.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.97 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 740.10 Td (research ) Tj ET Q q 0 0 0 rg BT 278.64 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.75 740.10 Td (reference, ) Tj ET Q q 0 0 0 rg BT 336.11 740.10 Td (education, ) Tj ET Q q 0 0 0 rg BT 379.17 740.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 440.27 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.39 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 474.72 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.84 740.10 Td (analytics ) Tj ET Q q 0 0 0 rg BT 528.06 740.10 Td (products ) Tj ET Q BT 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Tj ET Q q 0 0 0 rg BT 531.40 728.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 716.10 Td (product ) Tj ET Q q 0 0 0 rg BT 83.34 716.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 128.96 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.70 716.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 185.76 716.10 Td (new ) Tj ET Q q 0 0 0 rg BT 204.72 716.10 Td (products ) Tj ET Q q 0 0 0 rg BT 241.45 716.10 Td (related ) Tj ET Q q 0 0 0 rg BT 270.95 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.03 716.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 316.93 716.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 365.31 716.10 Td (management ) Tj ET Q q 0 0 0 rg BT 418.70 716.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 452.67 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.40 716.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 488.92 716.10 Td (product ) Tj ET Q q 0 0 0 rg BT 521.76 716.10 Td (eligibility) Tj ET Q q 0 0 0 rg BT 560.00 716.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 716.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 704.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 100.40 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 107.44 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.76 704.10 Td (January ) Tj ET Q q 0 0 0 rg BT 155.40 704.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 182.45 704.10 Td (we ) Tj ET Q q 0 0 0 rg BT 198.65 704.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 237.61 704.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 292.71 704.10 Td (all ) Tj ET Q q 0 0 0 rg BT 307.24 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.00 704.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.87 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.74 704.10 Td (ARG ) Tj ET Q q 0 0 0 rg BT 389.40 704.10 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 439.19 704.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 462.61 704.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 484.92 704.10 Td (MortgageCEO\), ) Tj ET Q q 0 0 0 rg BT 554.17 704.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 692.10 Td (MortgageCEO, ) Tj ET Q q 0 0 0 rg BT 114.91 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.38 692.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 145.40 692.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.09 692.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 235.88 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.69 692.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 286.37 692.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 336.61 692.10 Td (management ) Tj ET Q q 0 0 0 rg BT 390.73 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.20 692.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 451.77 692.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 490.92 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.61 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.86 692.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 680.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 90.76 680.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.89 680.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 658.20 Td (Investment ) Tj ET Q q 0 0 0 rg BT 118.32 658.20 Td (in ) Tj ET Q q 0 0 0 rg BT 128.60 658.20 Td (our ) Tj ET Q q 0 0 0 rg BT 145.00 658.20 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 658.20 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 182.50 658.20 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 658.20 Td (W) Tj ET Q q 0 0 0 rg BT 201.14 658.20 Td (e ) Tj ET Q q 0 0 0 rg BT 208.08 658.20 Td (are ) Tj ET Q q 0 0 0 rg BT 222.79 658.20 Td (investing ) Tj ET Q q 0 0 0 rg BT 261.96 658.20 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 314.45 658.20 Td (in ) Tj ET Q q 0 0 0 rg BT 324.74 658.20 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 366.68 658.20 Td (that ) Tj ET Q q 0 0 0 rg BT 384.18 658.20 Td (we ) Tj ET Q q 0 0 0 rg BT 398.34 658.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 429.72 658.20 Td (will ) Tj ET Q q 0 0 0 rg BT 447.78 658.20 Td (help ) Tj ET Q q 0 0 0 rg BT 467.50 658.20 Td (us ) Tj ET Q q 0 0 0 rg BT 478.90 658.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 515.84 658.20 Td (to ) Tj ET Q q 0 0 0 rg BT 526.12 658.20 Td (grow ) Tj ET Q q 0 0 0 rg BT 549.18 658.20 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 646.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 88.66 646.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 123.76 646.20 Td (our ) Tj ET Q q 0 0 0 rg BT 138.86 646.20 Td (products ) Tj ET Q q 0 0 0 rg BT 175.08 646.20 Td (and ) Tj ET Q q 0 0 0 rg BT 191.29 646.20 Td (services ) Tj ET Q q 0 0 0 rg BT 225.27 646.20 Td (and ) Tj ET Q q 0 0 0 rg BT 241.48 646.20 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 284.90 646.20 Td (our ) Tj ET Q q 0 0 0 rg BT 300.01 646.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 348.99 646.20 Td (advantage ) Tj ET Q q 0 0 0 rg BT 391.29 646.20 Td (while ) Tj ET Q q 0 0 0 rg BT 415.28 646.20 Td (bringing ) Tj ET Q q 0 0 0 rg BT 450.94 646.20 Td (sustainable, ) Tj ET Q q 0 0 0 rg BT 499.65 646.20 Td (long-term ) Tj ET Q q 0 0 0 rg BT 540.85 646.20 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 634.20 Td (to ) Tj ET Q q 0 0 0 rg BT 59.79 634.20 Td (our ) Tj ET Q q 0 0 0 rg BT 74.63 634.20 Td (customers. ) Tj ET Q q 0 0 0 rg BT 119.18 634.20 Td (During ) Tj ET Q q 0 0 0 rg BT 149.02 634.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 173.03 634.20 Td (we ) Tj ET Q q 0 0 0 rg BT 186.20 634.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 225.46 634.20 Td (our ) Tj ET Q q 0 0 0 rg BT 240.30 634.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 289.58 634.20 Td (in ) Tj ET Q q 0 0 0 rg BT 298.87 634.20 Td (our ) Tj ET Q q 0 0 0 rg BT 313.71 634.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.66 634.20 Td (and ) Tj ET Q q 0 0 0 rg BT 350.60 634.20 Td (client ) Tj ET Q q 0 0 0 rg BT 374.32 634.20 Td (services ) Tj ET Q q 0 0 0 rg BT 408.04 634.20 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 460.08 634.20 Td (research ) Tj ET Q q 0 0 0 rg BT 494.90 634.20 Td (and ) Tj ET Q q 0 0 0 rg BT 510.85 634.20 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 622.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 622.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 113.37 622.20 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 169.23 622.20 Td (to ) Tj ET Q q 0 0 0 rg BT 179.01 622.20 Td (support ) Tj ET Q q 0 0 0 rg BT 211.01 622.20 Td (our ) Tj ET Q q 0 0 0 rg BT 226.34 622.20 Td (user ) Tj ET Q q 0 0 0 rg BT 245.00 622.20 Td (additions ) Tj ET Q q 0 0 0 rg BT 283.66 622.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.10 622.20 Td (overall ) Tj ET Q q 0 0 0 rg BT 329.87 622.20 Td (business ) Tj ET Q q 0 0 0 rg BT 365.76 622.20 Td (growth. ) Tj ET Q q 0 0 0 rg BT 398.44 622.20 Td (These ) Tj ET Q q 0 0 0 rg BT 424.32 622.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 474.09 622.20 Td (include ) Tj ET Q q 0 0 0 rg BT 505.52 622.20 Td (expanding ) Tj ET Q q 0 0 0 rg BT 549.18 622.20 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 610.20 Td (talent ) Tj ET Q q 0 0 0 rg BT 74.48 610.20 Td (across ) Tj ET Q q 0 0 0 rg BT 101.25 610.20 Td (the ) Tj ET Q q 0 0 0 rg BT 115.24 610.20 Td (or) Tj ET Q q 0 0 0 rg BT 123.39 610.20 Td (ganization ) Tj ET Q q 0 0 0 rg BT 166.81 610.20 Td (by ) Tj ET Q q 0 0 0 rg BT 178.58 610.20 Td (hiring ) Tj ET Q q 0 0 0 rg BT 204.24 610.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 246.00 610.20 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 289.02 610.20 Td (T) Tj ET Q q 0 0 0 rg BT 294.43 610.20 Td (o ) Tj ET Q q 0 0 0 rg BT 301.21 610.20 Td (support ) Tj ET Q q 0 0 0 rg BT 332.98 610.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 375.30 610.20 Td (and ) Tj ET Q q 0 0 0 rg BT 391.51 610.20 Td (further ) Tj ET Q q 0 0 0 rg BT 420.49 610.20 Td (dif) Tj ET Q q 0 0 0 rg BT 431.42 610.20 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 470.94 610.20 Td (ourselves, ) Tj ET Q q 0 0 0 rg BT 512.98 610.20 Td (we ) Tj ET Q q 0 0 0 rg BT 526.41 610.20 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 598.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 92.90 598.20 Td (that ) Tj ET Q q 0 0 0 rg BT 111.42 598.20 Td (throughout ) Tj ET Q q 0 0 0 rg BT 158.84 598.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 182.37 598.20 Td (we ) Tj ET Q q 0 0 0 rg BT 197.56 598.20 Td (will ) Tj ET Q q 0 0 0 rg BT 216.65 598.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 254.61 598.20 Td (to ) Tj ET Q q 0 0 0 rg BT 265.92 598.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 302.20 598.20 Td (our ) Tj ET Q q 0 0 0 rg BT 319.06 598.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 366.48 598.20 Td (in ) Tj ET Q q 0 0 0 rg BT 377.79 598.20 Td (key ) Tj ET Q q 0 0 0 rg BT 395.75 598.20 Td (areas ) Tj ET Q q 0 0 0 rg BT 419.82 598.20 Td (such ) Tj ET Q q 0 0 0 rg BT 441.68 598.20 Td (as ) Tj ET Q q 0 0 0 rg BT 453.54 598.20 Td (research ) Tj ET Q q 0 0 0 rg BT 490.38 598.20 Td (and ) Tj ET Q q 0 0 0 rg BT 508.35 598.20 Td (development, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 586.20 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 92.77 586.20 Td (sales, ) Tj ET Q q 0 0 0 rg BT 117.55 586.20 Td (services, ) Tj ET Q q 0 0 0 rg BT 155.10 586.20 Td (technical ) Tj ET Q q 0 0 0 rg BT 194.03 586.20 Td (support, ) Tj ET Q q 0 0 0 rg BT 229.37 586.20 Td (security ) Tj ET Q q 0 0 0 rg BT 263.87 586.20 Td (and ) Tj ET Q q 0 0 0 rg BT 281.15 586.20 Td (data ) Tj ET Q q 0 0 0 rg BT 300.65 586.20 Td (center ) Tj ET Q q 0 0 0 rg BT 327.92 586.20 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 386.92 586.20 Td (W) Tj ET Q q 0 0 0 rg BT 395.56 586.20 Td (e ) Tj ET Q q 0 0 0 rg BT 402.84 586.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 441.78 586.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 483.49 586.20 Td (that ) Tj ET Q q 0 0 0 rg BT 501.33 586.20 Td (this ) Tj ET Q q 0 0 0 rg BT 518.62 586.20 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 574.20 Td (will ) Tj ET Q q 0 0 0 rg BT 68.85 574.20 Td (include ) Tj ET Q q 0 0 0 rg BT 101.07 574.20 Td (development ) Tj ET Q q 0 0 0 rg BT 155.51 574.20 Td (of ) Tj ET Q q 0 0 0 rg BT 166.63 574.20 Td (our ) Tj ET Q q 0 0 0 rg BT 182.75 574.20 Td (next ) Tj ET Q q 0 0 0 rg BT 202.76 574.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 247.75 574.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 296.09 574.20 Td (platform, ) Tj ET Q q 0 0 0 rg BT 335.81 574.20 Td (which ) Tj ET Q q 0 0 0 rg BT 363.04 574.20 Td (will ) Tj ET Q q 0 0 0 rg BT 381.39 574.20 Td (be ) Tj ET Q q 0 0 0 rg BT 393.62 574.20 Td (incrementally ) Tj ET Q q 0 0 0 rg BT 451.39 574.20 Td (introduced ) Tj ET Q q 0 0 0 rg BT 496.94 574.20 Td (over ) Tj ET Q q 0 0 0 rg BT 517.50 574.20 Td (the ) Tj ET Q q 0 0 0 rg BT 532.51 574.20 Td (coming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 562.20 Td (quarters ) Tj ET Q q 0 0 0 rg BT 84.52 562.20 Td (and ) Tj ET Q q 0 0 0 rg BT 100.78 562.20 Td (throughout ) Tj ET Q q 0 0 0 rg BT 146.48 562.20 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.66 562.20 Td (W) Tj ET Q q 0 0 0 rg BT 179.30 562.20 Td (e ) Tj ET Q q 0 0 0 rg BT 185.55 562.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 213.46 562.20 Td (the ) Tj ET Q q 0 0 0 rg BT 227.50 562.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 249.31 562.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 292.22 562.20 Td (with ) Tj ET Q q 0 0 0 rg BT 311.81 562.20 Td (these ) Tj ET Q q 0 0 0 rg BT 334.18 562.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 383.77 562.20 Td (to ) Tj ET Q q 0 0 0 rg BT 393.36 562.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 427.93 562.20 Td (our ) Tj ET Q q 0 0 0 rg BT 443.07 562.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 461.00 562.20 Td (of ) Tj ET Q q 0 0 0 rg BT 471.14 562.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 508.50 562.20 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 562.20 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 550.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 89.10 550.20 Td (as ) Tj ET Q q 0 0 0 rg BT 99.93 550.20 Td (a ) Tj ET Q q 0 0 0 rg BT 106.87 550.20 Td (percentage ) Tj ET Q q 0 0 0 rg BT 152.67 550.20 Td (of ) Tj ET Q q 0 0 0 rg BT 163.50 550.20 Td (our ) Tj ET Q q 0 0 0 rg BT 179.33 550.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 217.37 550.20 Td (in ) Tj ET Q q 0 0 0 rg BT 227.64 550.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.64 550.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 523.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 523.90 Td (oducts ) Tj ET Q q 0 0 0 rg BT 90.15 523.90 Td (and ) Tj ET Q q 0 0 0 rg BT 108.77 523.90 Td (Services) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 507.50 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 491.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.61 491.10 Td (is ) Tj ET Q q 0 0 0 rg BT 129.84 491.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.73 491.10 Td (proprietary) Tj ET Q q 0 0 0 rg BT 189.50 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 194.56 491.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 257.65 491.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 297.98 491.10 Td (management ) Tj ET Q q 0 0 0 rg BT 351.63 491.10 Td (software ) Tj ET Q q 0 0 0 rg BT 388.62 491.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 423.40 491.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.96 491.10 Td (combines ) Tj ET Q q 0 0 0 rg BT 481.84 491.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 501.62 491.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 548.06 491.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 92.37 479.10 Td (management ) Tj ET Q q 0 0 0 rg BT 146.90 479.10 Td (software ) Tj ET Q q 0 0 0 rg BT 184.77 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.88 479.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 241.08 479.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 287.85 479.10 Td (into ) Tj ET Q q 0 0 0 rg BT 306.85 479.10 Td (an ) Tj ET Q q 0 0 0 rg BT 319.74 479.10 Td (all-in-one ) Tj ET Q q 0 0 0 rg BT 362.05 479.10 Td (system, ) Tj ET Q q 0 0 0 rg BT 395.77 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.66 479.10 Td (also ) Tj ET Q q 0 0 0 rg BT 433.21 479.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 471.09 479.10 Td (seamless ) Tj ET Q q 0 0 0 rg BT 510.08 479.10 Td (access ) Tj ET Q q 0 0 0 rg BT 539.06 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 479.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 90.12 467.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 121.02 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.47 467.10 Td (service ) Tj ET Q q 0 0 0 rg BT 167.80 467.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 207.59 467.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.60 467.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 467.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 254.73 467.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 274.52 467.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.51 467.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.02 467.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 361.58 467.10 Td (helps ) Tj ET Q q 0 0 0 rg BT 384.71 467.10 Td (users ) Tj ET Q q 0 0 0 rg BT 407.28 467.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 444.28 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.73 467.10 Td (streamline ) Tj ET Q q 0 0 0 rg BT 504.40 467.10 Td (their ) Tj ET Q q 0 0 0 rg BT 524.74 467.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 97.20 455.10 Td (process ) Tj ET Q q 0 0 0 rg BT 131.02 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.28 455.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 191.97 455.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 248.55 455.10 Td (among ) Tj ET Q q 0 0 0 rg BT 279.59 455.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 313.95 455.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 366.65 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.80 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.06 455.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 428.64 455.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 476.35 455.10 Td (company) Tj ET Q q 0 0 0 rg BT 512.35 455.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.68 455.10 Td (It ) Tj ET Q q 0 0 0 rg BT 528.61 455.10 Td (supports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 443.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 91.93 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.35 443.10 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 145.26 443.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 187.89 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.97 443.10 Td (verifying ) Tj ET Q q 0 0 0 rg BT 244.27 443.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 284.68 443.10 Td (related ) Tj ET Q q 0 0 0 rg BT 314.52 443.10 Td (data ) Tj ET Q q 0 0 0 rg BT 333.82 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.90 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.32 443.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 404.51 443.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 440.46 443.10 Td (documentation. ) Tj ET Q q 0 0 0 rg BT 505.03 443.10 Td (It ) Tj ET Q q 0 0 0 rg BT 513.78 443.10 Td (also ) Tj ET Q q 0 0 0 rg BT 532.53 443.10 Td (enables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 102.64 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.15 431.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 136.76 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.37 431.10 Td (business ) Tj ET Q q 0 0 0 rg BT 191.43 431.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 230.14 431.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 268.86 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.81 431.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 309.08 431.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 329.47 431.10 Td (quality) Tj ET Q q 0 0 0 rg BT 356.59 431.10 Td (, ) Tj ET Q q 0 0 0 rg BT 362.27 431.10 Td (adherence ) Tj ET Q q 0 0 0 rg BT 405.96 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.91 431.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 462.86 431.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 503.80 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.41 431.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (compliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 397.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.55 397.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 157.49 397.20 Td (the ) Tj ET Q q 0 0 0 rg BT 172.20 397.20 Td (following ) Tj ET Q q 0 0 0 rg BT 213.59 397.20 Td (features ) Tj ET Q q 0 0 0 rg BT 247.73 397.20 Td (and ) Tj ET Q q 0 0 0 rg BT 264.67 397.20 Td (benefits:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 362.79999999999995 m 187 362.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 362.79999999999995 m 201 362.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 362.79999999999995 m 563 362.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 362.79999999999995 m 187 362.79999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 367.48 Td (Feature) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 367.48 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 353.37 Td (Customer Acquisition and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 343.37 Td (Relationship Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 353.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 353.37 Td (Sales and marketing tools to help acquire and grow new business and pre-qualify) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 343.37 Td (prospective borrowers, while also allowing users to manage contacts, leads and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 333.37 Td (marketing campaigns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 318.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 318.37 Td (Integration to custom branded websites to help attract new borrowers and create new) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 308.37 Td (loans through an online application that flows directly into the Encompass loan pipeline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 293.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 293.37 Td (Integration to a self-service portal where borrowers can research and apply for a loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 283.37 Td (online. Automatic lead follow-up and customer retention through campaign management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 273.37 Td (capabilities that allow design and execution of multi-step marketing campaigns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 258.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 258.37 Td (Pre-qualification tools to start loan applications, access integrated pricing engines and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 248.37 Td (easily find appropriate loan products and prices for a borrower.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 233.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 233.37 Td (Automatic status updates posted to a branded website to keep customers and their real) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 223.37 Td (estate and other designated agents informed throughout the loan process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 208.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 208.37 Td (Tools used to track the effectiveness of marketing and relationship building activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 193.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 178.37 Td (Processing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 178.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 178.37 Td (Configurable pipeline, forms and workflow enable faster loan processing, reduced errors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 168.37 Td (and more efficient business operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 153.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 153.37 Td (Support for multiple business channels using configurable workflows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 138.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 138.37 Td (Alert management allows focus on urgent and relevant issues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 123.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 123.37 Td (Collaboration tools keep stakeholders informed and reduce need to manually notify) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 113.37 Td (other employees, partners and borrowers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 98.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 98.37 Td (Seamless access to EDM simplifies document handling and increases data security.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 73.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 73.37 Td () Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (8) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.5 m 187 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 731.5 m 201 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 731.5 m 563 731.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 736.18 Td (Feature) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 736.18 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 722.07 Td (Risk Management and Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 712.07 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 722.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 722.07 Td (Centralization of all business data and electronic images.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 697.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 697.07 Td (Built-in rules and safeguards to set and enforce business practices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 682.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 682.07 Td (Management dashboards highlighting key performance indicators.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 667.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 667.07 Td (Predefined reports provide out-of-the-box intelligence and can be modified with a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 657.07 Td (custom report writer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 642.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 642.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.07 Td (Connectivity, Personalization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 617.07 Td (and Integration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 627.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 627.07 Td (Seamless and secure connections to thousands of service providers and investors on the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 617.07 Td (Ellie Mae Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 601.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 601.62 Td (Workflow management to define customer-specific business processes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 586.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 586.62 Td (User-defined experience through a personalized homepage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 566.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 571.62 Td (Integration with third-party applications through a software development kit to leverage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 561.62 Td (existing technology investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 532.07 Td (Underwriting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 526.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 531.62 Td (Ability to collaborate with all origination team members and respond effectively to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 521.62 Td (underwriting requests and track underwriting conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 501.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 506.62 Td (Ability to communicate loan conditions, request and receive mortgage documents and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 496.62 Td (track conditions and documents in a single system.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 476.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 481.62 Td (Access to electronic copies of borrower documents within the loan file and compare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 471.62 Td (them with actual loan data to reduce risk of data inconsistencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 457.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 442.07 Td (Secondary Marketing and Trade) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 432.07 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 436.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 436.62 Td (Ability to manage lock requests and accurately track buy-side and sell-side pricing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 411.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 416.62 Td (Ability to allocate loans that qualify for trades, track progress and capture key trade) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 406.62 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 391.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 391.62 Td (Ability to receive deadline-notification alerts to help avoid late-delivery fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 377.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 362.07 Td (Closing and Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 356.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 361.62 Td (Ability to enter closing data, perform audits and order closing documents all within a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 351.62 Td (single loan file.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 331.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 336.62 Td (Automatic population of closing data on funding worksheets, helping to reduce errors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 326.62 Td (and enable faster funding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 312.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 297.07 Td (Post-Closing, Shipping and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.07 Td (Delivery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 291.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 291.62 Td (Comprehensive tracking, fulfillment and shipping of loan package.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 271.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 271.62 Td (Tools to manage interim servicing before selling loans to investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 257.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 242.07 Td (Advanced Customization and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 232.07 Td (Business Rule Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 236.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 241.62 Td (Enterprise-level functionality for higher level security, more granular control of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 231.62 Td (processes and flexible customization of the software.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 216.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 216.62 Td (Comprehensive control over workflow, business rules, processes and user groups.) 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BT 98.22 178.10 Td (Internet. ) Tj ET Q q 0 0 0 rg BT 134.50 178.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 176.08 178.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 222.10 178.10 Td (using ) Tj ET Q q 0 0 0 rg BT 246.46 178.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 269.16 178.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 317.40 178.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 334.53 178.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 370.56 178.10 Td (per) Tj ET Q q 0 0 0 rg BT 383.13 178.10 Td (-user ) Tj ET Q q 0 0 0 rg BT 405.82 178.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 457.40 178.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 476.19 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.22 178.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 506.01 178.10 Td (based ) Tj ET Q q 0 0 0 rg BT 531.48 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 544.17 178.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 85.13 166.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 104.65 166.10 Td (volume, ) Tj ET Q q 0 0 0 rg BT 139.44 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 99.01 670.20 Td (CenterW) Tj ET Q q 0 0 0 rg BT 134.01 670.20 Td (ise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.11 670.20 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.85 670.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 201.36 670.20 Td (CenterW) Tj ET Q q 0 0 0 rg BT 237.05 670.20 Td (ise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.16 670.20 Td ( ) Tj ET Q q 0 0 0 rg BT 252.12 670.20 Td (is ) Tj ET Q q 0 0 0 rg BT 262.75 670.20 Td (a ) Tj ET Q q 0 0 0 rg BT 271.14 670.20 Td (bundled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.32 670.20 Td (of) Tj ET Q q 0 0 0 rg BT 315.47 670.20 Td (fering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.35 670.20 Td ( ) Tj ET Q q 0 0 0 rg BT 343.31 670.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.59 670.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 404.81 670.20 Td (W) Tj ET Q q 0 0 0 rg BT 413.45 670.20 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.55 670.20 Td ( ) Tj ET Q q 0 0 0 rg BT 453.50 670.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.90 670.20 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.45 670.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.41 670.20 Td (Electronic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.20 Td (Document ) Tj ET Q q 0 0 0 rg BT 93.66 658.20 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.86 658.20 Td ( ) Tj ET Q q 0 0 0 rg BT 148.36 658.20 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.69 658.20 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.91 658.20 Td (\).) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 67.5 634.9669921875 m 159.998046875 634.9669921875 l s q 0 0 0 rg BT 67.50 636.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 115.27 636.30 Td (W) Tj ET Q q 0 0 0 rg BT 123.90 636.30 Td (ebCenter) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 159.998046875 634.9669921875 m 162.498046875 634.9669921875 l s q 0 0 0 rg BT 160.00 636.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 636.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.89 636.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 212.66 636.30 Td (W) Tj ET Q q 0 0 0 rg BT 221.29 636.30 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.39 636.30 Td ( ) Tj ET Q q 0 0 0 rg BT 259.78 636.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 296.61 636.30 Td (the ) Tj ET Q q 0 0 0 rg BT 311.22 636.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 339.17 636.30 Td (to ) Tj ET Q q 0 0 0 rg BT 349.34 636.30 Td (create ) Tj ET Q q 0 0 0 rg BT 375.59 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 392.42 636.30 Td (customize ) Tj ET Q q 0 0 0 rg BT 435.36 636.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 486.63 636.30 Td (websites ) Tj ET Q q 0 0 0 rg BT 523.46 636.30 Td (for ) Tj ET Q q 0 0 0 rg BT 537.51 636.30 Td (lender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 624.30 Td (headquarters, ) Tj ET Q q 0 0 0 rg BT 123.72 624.30 Td (branches ) Tj ET Q q 0 0 0 rg BT 161.89 624.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 190.08 624.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 209.93 624.30 Td (of) Tj ET Q q 0 0 0 rg BT 218.08 624.30 Td (ficers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.42 624.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 293.42 624.30 Td (W) Tj ET Q q 0 0 0 rg BT 302.06 624.30 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 624.30 Td ( ) Tj ET Q q 0 0 0 rg BT 340.79 624.30 Td (helps ) Tj ET Q q 0 0 0 rg BT 364.53 624.30 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 402.14 624.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.00 624.30 Td (interaction ) Tj ET Q q 0 0 0 rg BT 462.39 624.30 Td (of ) Tj ET Q q 0 0 0 rg BT 473.36 624.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 521.54 624.30 Td (users ) Tj ET Q q 0 0 0 rg BT 544.73 624.30 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 612.30 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 113.44 612.30 Td (allowing ) Tj ET Q q 0 0 0 rg BT 151.34 612.30 Td (prospective ) Tj ET Q q 0 0 0 rg BT 200.33 612.30 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 243.77 612.30 Td (to ) Tj ET Q q 0 0 0 rg BT 254.45 612.30 Td (initiate ) Tj ET Q q 0 0 0 rg BT 285.12 612.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.24 612.30 Td (applications ) Tj ET Q q 0 0 0 rg BT 356.46 612.30 Td (online. ) Tj ET Q q 0 0 0 rg BT 386.86 612.30 Td (If ) Tj ET Q q 0 0 0 rg BT 396.42 612.30 Td (an ) Tj ET Q q 0 0 0 rg BT 408.75 612.30 Td (application ) Tj ET Q q 0 0 0 rg BT 456.08 612.30 Td (is ) Tj ET Q q 0 0 0 rg BT 465.65 612.30 Td (initiated ) Tj ET Q q 0 0 0 rg BT 501.32 612.30 Td (online, ) Tj ET Q q 0 0 0 rg BT 531.72 612.30 Td (it ) Tj ET Q q 0 0 0 rg BT 540.18 612.30 Td (is ) Tj ET Q q 0 0 0 rg BT 549.75 612.30 Td (fed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 600.30 Td (into ) Tj ET Q q 0 0 0 rg BT 84.90 600.30 Td (the ) Tj ET Q q 0 0 0 rg BT 98.96 600.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 118.02 600.30 Td (originator) Tj ET Q q 0 0 0 rg BT 157.82 600.30 Td () Tj ET Q q 0 0 0 rg BT 160.60 600.30 Td (s ) Tj ET Q q 0 0 0 rg BT 166.34 600.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 213.73 600.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 232.79 600.30 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.40 600.30 Td (pipeline. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.96 600.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 361.21 600.30 Td (W) Tj ET Q q 0 0 0 rg BT 369.85 600.30 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.94 600.30 Td ( ) Tj ET Q q 0 0 0 rg BT 407.79 600.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 444.07 600.30 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 486.45 600.30 Td (and ) Tj ET Q q 0 0 0 rg BT 502.74 600.30 Td (their ) Tj ET Q q 0 0 0 rg BT 522.90 600.30 Td (real ) Tj ET Q q 0 0 0 rg BT 539.73 600.30 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 588.30 Td (agents ) Tj ET Q q 0 0 0 rg BT 95.55 588.30 Td (real-time ) Tj ET Q q 0 0 0 rg BT 134.14 588.30 Td (24/7 ) Tj ET Q q 0 0 0 rg BT 154.41 588.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 174.13 588.30 Td (status ) Tj ET Q q 0 0 0 rg BT 199.41 588.30 Td (updates.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 67.5 565.0669921875 m 113.046875 565.0669921875 l s q 0 0 0 rg BT 67.50 566.40 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 113.046875 565.0669921875 m 116.60791015625 565.0669921875 l s q 0 0 0 rg BT 113.05 566.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 116.60791015625 565.0669921875 m 258.67626953125 565.0669921875 l s q 0 0 0 rg BT 116.61 566.40 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 161.26 566.40 Td (Document ) Tj ET Q q 0 0 0 rg BT 206.47 566.40 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.68 566.40 Td (. ) Tj ET Q q 0 0 0 rg BT 264.74 566.40 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.85 566.40 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.07 566.40 Td ( ) Tj ET Q q 0 0 0 rg BT 339.63 566.40 Td (gives ) Tj ET Q q 0 0 0 rg BT 364.30 566.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 413.41 566.40 Td (users ) Tj ET Q q 0 0 0 rg BT 437.52 566.40 Td (the ) Tj ET Q q 0 0 0 rg BT 453.30 566.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 482.41 566.40 Td (to ) Tj ET Q q 0 0 0 rg BT 493.75 566.40 Td (go ) Tj ET Q q 0 0 0 rg BT 507.31 566.40 Td (paperless ) Tj ET Q q 0 0 0 rg BT 548.08 566.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 554.40 Td (receive, ) Tj ET Q q 0 0 0 rg BT 102.28 554.40 Td (store, ) Tj ET Q q 0 0 0 rg BT 127.63 554.40 Td (manage ) Tj ET Q q 0 0 0 rg BT 162.14 554.40 Td (documents, ) Tj ET Q q 0 0 0 rg BT 211.38 554.40 Td (as ) Tj ET Q q 0 0 0 rg BT 223.13 554.40 Td (well ) Tj ET Q q 0 0 0 rg BT 243.76 554.40 Td (as ) Tj ET Q q 0 0 0 rg BT 255.51 554.40 Td (deliver ) Tj ET Q q 0 0 0 rg BT 286.68 554.40 Td (any ) Tj ET Q q 0 0 0 rg BT 304.54 554.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 351.28 554.40 Td (electronically ) Tj ET Q q 0 0 0 rg BT 409.11 554.40 Td (and ) Tj ET Q q 0 0 0 rg BT 426.96 554.40 Td (securely ) Tj ET Q q 0 0 0 rg BT 463.69 554.40 Td (to ) Tj ET Q q 0 0 0 rg BT 474.89 554.40 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 521.35 554.40 Td (real ) Tj ET Q q 0 0 0 rg BT 539.75 554.40 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 542.40 Td (agents, ) Tj ET Q q 0 0 0 rg BT 98.71 542.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 130.74 542.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.34 542.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 192.59 542.40 Td (service ) Tj ET Q q 0 0 0 rg BT 224.07 542.40 Td (providers. ) Tj ET Q q 0 0 0 rg BT 267.49 542.40 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.20 542.40 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.42 542.40 Td ( ) Tj ET Q q 0 0 0 rg BT 341.58 542.40 Td (creates ) Tj ET Q q 0 0 0 rg BT 372.49 542.40 Td (virtual ) Tj ET Q q 0 0 0 rg BT 401.75 542.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 422.13 542.40 Td (folders, ) Tj ET Q q 0 0 0 rg BT 455.55 542.40 Td (or ) Tj ET Q q 0 0 0 rg BT 467.04 542.40 Td (eFolders, ) Tj ET Q q 0 0 0 rg BT 507.14 542.40 Td (containing ) Tj ET Q q 0 0 0 rg BT 552.51 542.40 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 530.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 115.81 530.40 Td (involved ) Tj ET Q q 0 0 0 rg BT 155.80 530.40 Td (in ) Tj ET Q q 0 0 0 rg BT 168.57 530.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.77 530.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 207.98 530.40 Td (process ) Tj ET Q q 0 0 0 rg BT 242.96 530.40 Td (including ) Tj ET Q q 0 0 0 rg BT 285.72 530.40 Td (those ) Tj ET Q q 0 0 0 rg BT 311.82 530.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 355.67 530.40 Td (by ) Tj ET Q q 0 0 0 rg BT 370.66 530.40 Td (the ) Tj ET Q q 0 0 0 rg BT 387.87 530.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 438.41 530.40 Td (software, ) Tj ET Q q 0 0 0 rg BT 480.33 530.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 528.64 530.40 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 518.40 Td (electronically ) Tj ET Q q 0 0 0 rg BT 126.63 518.40 Td (and ) Tj ET Q q 0 0 0 rg BT 145.79 518.40 Td (paper ) Tj ET Q q 0 0 0 rg BT 172.72 518.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 220.77 518.40 Td (that ) Tj ET Q q 0 0 0 rg BT 240.48 518.40 Td (are ) Tj ET Q q 0 0 0 rg BT 257.41 518.40 Td (digitized ) Tj ET Q q 0 0 0 rg BT 297.12 518.40 Td (using ) Tj ET Q q 0 0 0 rg BT 323.51 518.40 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 367.38 518.40 Td (document ) Tj ET Q q 0 0 0 rg BT 411.54 518.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 461.80 518.40 Td (and ) Tj ET Q q 0 0 0 rg BT 480.96 518.40 Td (scanner ) Tj ET Q q 0 0 0 rg BT 516.22 518.40 Td (technology) Tj ET Q q 0 0 0 rg BT 560.00 518.40 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 506.40 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.22 506.40 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.44 506.40 Td ( ) Tj ET Q q 0 0 0 rg BT 139.61 506.40 Td (gives ) Tj ET Q q 0 0 0 rg BT 162.90 506.40 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 205.61 506.40 Td (the ) Tj ET Q q 0 0 0 rg BT 220.00 506.40 Td (option ) Tj ET Q q 0 0 0 rg BT 247.73 506.40 Td (to ) Tj ET Q q 0 0 0 rg BT 257.68 506.40 Td (eSign ) Tj ET Q q 0 0 0 rg BT 282.63 506.40 Td (or ) Tj ET Q q 0 0 0 rg BT 293.13 506.40 Td (wet ) Tj ET Q q 0 0 0 rg BT 309.75 506.40 Td (sign ) Tj ET Q q 0 0 0 rg BT 328.59 506.40 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 377.70 506.40 Td (Once ) Tj ET Q q 0 0 0 rg BT 400.97 506.40 Td (a ) Tj ET Q q 0 0 0 rg BT 407.58 506.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 426.97 506.40 Td (is ) Tj ET Q q 0 0 0 rg BT 435.82 506.40 Td (funded, ) Tj ET Q q 0 0 0 rg BT 468.26 506.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 489.31 506.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 509.25 506.40 Td (servers ) Tj ET Q q 0 0 0 rg BT 539.75 506.40 Td (retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 494.40 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 494.40 Td (virtual ) Tj ET Q q 0 0 0 rg BT 110.82 494.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 130.54 494.40 Td (folder ) Tj ET Q q 0 0 0 rg BT 156.91 494.40 Td (for ) Tj ET Q q 0 0 0 rg BT 171.07 494.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 213.01 494.40 Td (storage ) Tj ET Q q 0 0 0 rg BT 244.38 494.40 Td (and ) Tj ET Q q 0 0 0 rg BT 261.32 494.40 Td (compliance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 472.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.44 472.50 Td (TPO ) Tj ET Q q 0 0 0 rg BT 116.73 472.50 Td (W) Tj ET Q q 0 0 0 rg BT 124.14 472.50 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.80 472.50 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.97 472.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 211.81 472.50 Td (TPO ) Tj ET Q q 0 0 0 rg BT 231.99 472.50 Td (W) Tj ET Q q 0 0 0 rg BT 240.63 472.50 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.72 472.50 Td ( ) Tj ET Q q 0 0 0 rg BT 278.12 472.50 Td (is ) Tj ET Q q 0 0 0 rg BT 286.18 472.50 Td (a ) Tj ET Q q 0 0 0 rg BT 292.01 472.50 Td (web-based ) Tj ET Q q 0 0 0 rg BT 336.16 472.50 Td (extension ) Tj ET Q q 0 0 0 rg BT 375.88 472.50 Td (of ) Tj ET Q q 0 0 0 rg BT 385.60 472.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 432.54 472.50 Td (that ) Tj ET Q q 0 0 0 rg BT 448.93 472.50 Td (enables ) Tj ET Q q 0 0 0 rg BT 480.31 472.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 498.92 472.50 Td (level ) Tj ET Q q 0 0 0 rg BT 519.75 472.50 Td (interaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.50 Td (between ) Tj ET Q q 0 0 0 rg BT 85.56 460.50 Td (a ) Tj ET Q q 0 0 0 rg BT 92.74 460.50 Td (third-party ) Tj ET Q q 0 0 0 rg BT 138.24 460.50 Td (originator) Tj ET Q q 0 0 0 rg BT 177.28 460.50 Td (, ) Tj ET Q q 0 0 0 rg BT 182.52 460.50 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.39 460.50 Td (TPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.28 460.50 Td (, ) Tj ET Q q 0 0 0 rg BT 217.52 460.50 Td (and ) Tj ET Q q 0 0 0 rg BT 234.70 460.50 Td (a ) Tj ET Q q 0 0 0 rg BT 241.88 460.50 Td (lender) Tj ET Q q 0 0 0 rg BT 266.32 460.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.56 460.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 319.65 460.50 Td (TPO ) Tj ET Q q 0 0 0 rg BT 341.09 460.50 Td (W) Tj ET Q q 0 0 0 rg BT 349.72 460.50 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.82 460.50 Td ( ) Tj ET Q q 0 0 0 rg BT 388.56 460.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 425.74 460.50 Td (a ) Tj ET Q q 0 0 0 rg BT 432.92 460.50 Td (secure, ) Tj ET Q q 0 0 0 rg BT 463.70 460.50 Td (synchronized ) Tj ET Q q 0 0 0 rg BT 519.75 460.50 Td (web-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.50 Td (environment ) Tj ET Q q 0 0 0 rg BT 101.92 448.50 Td (for ) Tj ET Q q 0 0 0 rg BT 115.47 448.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.43 448.50 Td (TPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.32 448.50 Td ( ) Tj ET Q q 0 0 0 rg BT 150.20 448.50 Td (to ) Tj ET Q q 0 0 0 rg BT 159.86 448.50 Td (upload ) Tj ET Q q 0 0 0 rg BT 188.96 448.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 208.06 448.50 Td (files ) Tj ET Q q 0 0 0 rg BT 227.16 448.50 Td (and ) Tj ET Q q 0 0 0 rg BT 243.48 448.50 Td (supporting ) Tj ET Q q 0 0 0 rg BT 288.14 448.50 Td (documentation ) Tj ET Q q 0 0 0 rg BT 349.45 448.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 381.88 448.50 Td (to ) Tj ET Q q 0 0 0 rg BT 391.54 448.50 Td (the ) Tj ET Q q 0 0 0 rg BT 405.64 448.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 453.07 448.50 Td (software ) Tj ET Q q 0 0 0 rg BT 489.38 448.50 Td (used ) Tj ET Q q 0 0 0 rg BT 509.59 448.50 Td (by ) Tj ET Q q 0 0 0 rg BT 521.47 448.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.57 448.50 Td (lender) Tj ET Q q 0 0 0 rg BT 560.01 448.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.50 Td (As ) Tj ET Q q 0 0 0 rg BT 63.30 436.50 Td (the ) Tj ET Q q 0 0 0 rg BT 78.21 436.50 Td (lender ) Tj ET Q q 0 0 0 rg BT 105.88 436.50 Td (confirms ) Tj ET Q q 0 0 0 rg BT 144.12 436.50 Td (locks, ) Tj ET Q q 0 0 0 rg BT 170.42 436.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 205.31 436.50 Td (milestones ) Tj ET Q q 0 0 0 rg BT 250.78 436.50 Td (and ) Tj ET Q q 0 0 0 rg BT 267.91 436.50 Td (adds ) Tj ET Q q 0 0 0 rg BT 288.92 436.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 335.78 436.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.49 436.50 Td (TPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.38 436.50 Td ( ) Tj ET Q q 0 0 0 rg BT 372.07 436.50 Td (sees ) Tj ET Q q 0 0 0 rg BT 391.42 436.50 Td (what ) Tj ET Q q 0 0 0 rg BT 413.55 436.50 Td (is ) Tj ET Q q 0 0 0 rg BT 422.91 436.50 Td (happening ) Tj ET Q q 0 0 0 rg BT 467.25 436.50 Td (in ) Tj ET Q q 0 0 0 rg BT 477.72 436.50 Td (real-time ) Tj ET Q q 0 0 0 rg BT 516.50 436.50 Td (through ) Tj ET Q q 0 0 0 rg BT 550.30 436.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.37 424.50 Td (TPO ) Tj ET Q q 0 0 0 rg BT 118.58 424.50 Td (W) Tj ET Q q 0 0 0 rg BT 127.21 424.50 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.91 424.50 Td (, ) Tj ET Q q 0 0 0 rg BT 167.91 424.50 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 215.96 424.50 Td (back ) Tj ET Q q 0 0 0 rg BT 237.33 424.50 Td (and ) Tj ET Q q 0 0 0 rg BT 254.27 424.50 Td (forth ) Tj ET Q q 0 0 0 rg BT 276.21 424.50 Td (emails ) Tj ET Q q 0 0 0 rg BT 304.81 424.50 Td (and ) Tj ET Q q 0 0 0 rg BT 321.75 424.50 Td (faxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.27 402.60 Td (Docs ) Tj ET Q q 0 0 0 rg BT 122.04 402.60 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.37 402.60 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.37 402.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 210.13 402.60 Td (Docs ) Tj ET Q q 0 0 0 rg BT 233.90 402.60 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.80 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 271.01 402.60 Td (is ) Tj ET Q q 0 0 0 rg BT 280.90 402.60 Td (an ) Tj ET Q q 0 0 0 rg BT 293.55 402.60 Td (integrated, ) Tj ET Q q 0 0 0 rg BT 339.25 402.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 403.00 402.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 429.55 402.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 473.31 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.97 402.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 523.07 402.60 Td (document ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 97.55 390.60 Td (solution ) Tj ET Q q 0 0 0 rg BT 132.30 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 149.82 390.60 Td (electronically ) Tj ET Q q 0 0 0 rg BT 206.76 390.60 Td (generates ) Tj ET Q q 0 0 0 rg BT 247.03 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.77 390.60 Td (dozens ) Tj ET Q q 0 0 0 rg BT 292.06 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 302.91 390.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 348.76 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.72 390.60 Td (borrower ) Tj ET Q q 0 0 0 rg BT 394.89 390.60 Td (must ) Tj ET Q q 0 0 0 rg BT 416.86 390.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 448.25 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.21 390.60 Td (sign ) Tj ET Q q 0 0 0 rg BT 484.40 390.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 506.36 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 516.66 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 390.60 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.63 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 67.87 378.60 Td (loan. ) Tj ET Q q 0 0 0 rg BT 90.38 378.60 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 120.40 378.60 Td (other ) Tj ET Q q 0 0 0 rg BT 143.75 378.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 189.31 378.60 Td (document ) Tj ET Q q 0 0 0 rg BT 231.54 378.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 279.87 378.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 317.38 378.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 357.94 378.60 Td (originators ) Tj ET Q q 0 0 0 rg BT 404.07 378.60 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.54 378.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 476.88 378.60 Td (Docs ) Tj ET Q q 0 0 0 rg BT 500.23 378.60 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.13 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 536.93 378.60 Td (do ) Tj ET Q q 0 0 0 rg BT 549.73 378.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (have ) Tj ET Q q 0 0 0 rg BT 71.36 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 82.13 366.60 Td (move ) Tj ET Q q 0 0 0 rg BT 107.33 366.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 127.53 366.60 Td (data ) Tj ET Q q 0 0 0 rg BT 147.17 366.60 Td (from ) Tj ET Q q 0 0 0 rg BT 169.59 366.60 Td (their ) Tj ET Q q 0 0 0 rg BT 190.90 366.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 211.10 366.60 Td (origination ) Tj ET Q q 0 0 0 rg BT 257.97 366.60 Td (system ) Tj ET Q q 0 0 0 rg BT 288.73 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.50 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 306.92 366.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 342.66 366.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 374.53 366.60 Td (system. ) Tj ET Q q 0 0 0 rg BT 407.58 366.60 Td (The ) Tj ET Q q 0 0 0 rg BT 426.11 366.60 Td (data, ) Tj ET Q q 0 0 0 rg BT 448.25 366.60 Td (calculations ) Tj ET Q q 0 0 0 rg BT 498.99 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.42 366.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (tests ) Tj ET Q q 0 0 0 rg BT 70.69 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 86.30 354.60 Td (all ) Tj ET Q q 0 0 0 rg BT 99.70 354.60 Td (within ) Tj ET Q q 0 0 0 rg BT 128.67 354.60 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 179.37 354.60 Td (As ) Tj ET Q q 0 0 0 rg BT 193.89 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 201.73 354.60 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.86 354.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 278.81 354.60 Td (Docs ) Tj ET Q q 0 0 0 rg BT 302.77 354.60 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.67 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.08 354.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 380.13 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.75 354.60 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 434.68 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.53 354.60 Td (ef) Tj ET Q q 0 0 0 rg BT 460.12 354.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 495.72 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 507.46 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.09 354.60 Td (document ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 97.53 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 107.81 342.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 139.20 342.60 Td (process.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 320.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.33 320.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 149.93 320.70 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.36 320.70 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.41 320.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 234.24 320.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 285.84 320.70 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.82 320.70 Td ( ) Tj ET Q q 0 0 0 rg BT 319.10 320.70 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 356.80 320.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 397.84 320.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 418.34 320.70 Td (data ) Tj ET Q q 0 0 0 rg BT 438.27 320.70 Td (for ) Tj ET Q q 0 0 0 rg BT 453.21 320.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 502.57 320.70 Td (with ) Tj ET Q q 0 0 0 rg BT 523.63 320.70 Td (consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.70 Td (protection ) Tj ET Q q 0 0 0 rg BT 92.15 308.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 112.59 308.70 Td (and ) Tj ET Q q 0 0 0 rg BT 129.14 308.70 Td (institutionally ) Tj ET Q q 0 0 0 rg BT 186.81 308.70 Td (mandated ) Tj ET Q q 0 0 0 rg BT 227.79 308.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 275.99 308.70 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.71 308.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 359.37 308.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 409.80 308.70 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.78 308.70 Td ( ) Tj ET Q q 0 0 0 rg BT 441.89 308.70 Td (can ) Tj ET Q q 0 0 0 rg BT 457.88 308.70 Td (automatically ) Tj ET Q q 0 0 0 rg BT 514.42 308.70 Td (run ) Tj ET Q q 0 0 0 rg BT 529.86 308.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 549.18 308.70 Td (file ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.70 Td (checks ) Tj ET Q q 0 0 0 rg BT 79.14 296.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 114.89 296.70 Td (times ) Tj ET Q q 0 0 0 rg BT 138.99 296.70 Td (during ) Tj ET Q q 0 0 0 rg BT 167.52 296.70 Td (processing, ) Tj ET Q q 0 0 0 rg BT 215.22 296.70 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 271.80 296.70 Td (closing ) Tj ET Q q 0 0 0 rg BT 303.12 296.70 Td (or ) Tj ET Q q 0 0 0 rg BT 313.88 296.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 347.41 296.70 Td (a ) Tj ET Q q 0 0 0 rg BT 354.28 296.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 373.93 296.70 Td (to ) Tj ET Q q 0 0 0 rg BT 384.13 296.70 Td (check ) Tj ET Q q 0 0 0 rg BT 409.88 296.70 Td (against ) Tj ET Q q 0 0 0 rg BT 440.63 296.70 Td (a ) Tj ET Q q 0 0 0 rg BT 447.50 296.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 510.46 296.70 Td (set ) Tj ET Q q 0 0 0 rg BT 523.99 296.70 Td (of ) Tj ET Q q 0 0 0 rg BT 534.75 296.70 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.17 284.70 Td (state ) Tj ET Q q 0 0 0 rg BT 86.72 284.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 107.28 284.70 Td (and ) Tj ET Q q 0 0 0 rg BT 123.94 284.70 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 173.11 284.70 Td (Quick ) Tj ET Q q 0 0 0 rg BT 199.77 284.70 Td (results ) Tj ET Q q 0 0 0 rg BT 228.11 284.70 Td (analysis ) Tj ET Q q 0 0 0 rg BT 262.55 284.70 Td (and ) Tj ET Q q 0 0 0 rg BT 279.22 284.70 Td (review ) Tj ET Q q 0 0 0 rg BT 308.66 284.70 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 356.42 284.70 Td (help ) Tj ET Q q 0 0 0 rg BT 375.87 284.70 Td (identify ) Tj ET Q q 0 0 0 rg BT 409.20 284.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 457.51 284.70 Td (problems ) Tj ET Q q 0 0 0 rg BT 496.96 284.70 Td (or ) Tj ET Q q 0 0 0 rg BT 507.52 284.70 Td (data ) Tj ET Q q 0 0 0 rg BT 526.40 284.70 Td (that ) Tj ET Q q 0 0 0 rg BT 543.62 284.70 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.70 Td (correcting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.86 272.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 142.73 272.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 193.38 272.70 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.36 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 225.69 272.70 Td (is ) Tj ET Q q 0 0 0 rg BT 234.68 272.70 Td (integrated ) Tj ET Q q 0 0 0 rg BT 276.99 272.70 Td (with ) Tj ET Q q 0 0 0 rg BT 297.09 272.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 344.97 272.70 Td (but ) Tj ET Q q 0 0 0 rg BT 360.07 272.70 Td (can ) Tj ET Q q 0 0 0 rg BT 376.27 272.70 Td (be ) Tj ET Q q 0 0 0 rg BT 388.04 272.70 Td (used ) Tj ET Q q 0 0 0 rg BT 408.69 272.70 Td (with ) Tj ET Q q 0 0 0 rg BT 428.80 272.70 Td (other ) Tj ET Q q 0 0 0 rg BT 451.67 272.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 471.21 272.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 517.42 272.70 Td (software ) Tj ET Q q 0 0 0 rg BT 554.17 272.70 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.70 Td (well.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 238.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.36 238.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 105.99 238.80 Td (oduct ) Tj ET Q q 0 0 0 rg BT 129.51 238.80 Td (and ) Tj ET Q q 0 0 0 rg BT 145.82 238.80 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 177.12 238.80 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.55 238.80 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.63 238.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 257.49 238.80 Td (Product ) Tj ET Q q 0 0 0 rg BT 289.90 238.80 Td (and ) Tj ET Q q 0 0 0 rg BT 305.65 238.80 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 335.84 238.80 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.83 238.80 Td ( ) Tj ET Q q 0 0 0 rg BT 367.14 238.80 Td (allows ) Tj ET Q q 0 0 0 rg BT 394.55 238.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 441.41 238.80 Td (users ) Tj ET Q q 0 0 0 rg BT 463.27 238.80 Td (to ) Tj ET Q q 0 0 0 rg BT 472.35 238.80 Td (automatically ) Tj ET Q q 0 0 0 rg BT 528.08 238.80 Td (compare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.80 Td (qualified ) Tj ET Q q 0 0 0 rg BT 88.12 226.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 108.41 226.80 Td (products ) Tj ET Q q 0 0 0 rg BT 145.93 226.80 Td (with ) Tj ET Q q 0 0 0 rg BT 166.78 226.80 Td (current ) Tj ET Q q 0 0 0 rg BT 198.17 226.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 229.57 226.80 Td (and ) Tj ET Q q 0 0 0 rg BT 247.09 226.80 Td (easily ) Tj ET Q q 0 0 0 rg BT 273.49 226.80 Td (pinpoint ) Tj ET Q q 0 0 0 rg BT 309.90 226.80 Td (the ) Tj ET Q q 0 0 0 rg BT 325.19 226.80 Td (best ) Tj ET Q q 0 0 0 rg BT 344.38 226.80 Td (program ) Tj ET Q q 0 0 0 rg BT 381.33 226.80 Td (for ) Tj ET Q q 0 0 0 rg BT 396.07 226.80 Td (a ) Tj ET Q q 0 0 0 rg BT 403.58 226.80 Td (borrower) Tj ET Q q 0 0 0 rg BT 439.68 226.80 Td (. ) Tj ET Q q 0 0 0 rg BT 445.26 226.80 Td (Seamless ) Tj ET Q q 0 0 0 rg BT 485.55 226.80 Td (two-way ) Tj ET Q q 0 0 0 rg BT 523.62 226.80 Td (workflow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.80 Td (sends ) Tj ET Q q 0 0 0 rg BT 75.08 214.80 Td (information ) Tj ET Q q 0 0 0 rg BT 125.64 214.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 159.54 214.80 Td (from ) Tj ET Q q 0 0 0 rg BT 182.33 214.80 Td (the ) Tj ET Q q 0 0 0 rg BT 197.90 214.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 218.47 214.80 Td (file ) Tj ET Q q 0 0 0 rg BT 235.15 214.80 Td (to ) Tj ET Q q 0 0 0 rg BT 246.28 214.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.85 214.80 Td (product ) Tj ET Q q 0 0 0 rg BT 295.75 214.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.54 214.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 345.22 214.80 Td (engine ) Tj ET Q q 0 0 0 rg BT 375.23 214.80 Td (and ) Tj ET Q q 0 0 0 rg BT 393.02 214.80 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 440.26 214.80 Td (information ) Tj ET Q q 0 0 0 rg BT 490.82 214.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 524.72 214.80 Td (back ) Tj ET Q q 0 0 0 rg BT 546.95 214.80 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.80 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 100.05 202.80 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 156.42 202.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 176.14 202.80 Td (of) Tj ET Q q 0 0 0 rg BT 184.29 202.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 205.10 202.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 263.14 202.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 311.73 202.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 333.67 202.80 Td (into ) Tj ET Q q 0 0 0 rg BT 351.73 202.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 371.44 202.80 Td (pricing.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 180.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.32 180.90 Td (4506-T) Tj ET Q q 0 0 0 rg BT 126.03 180.90 Td ( ) Tj ET Q q 0 0 0 rg BT 128.31 180.90 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.73 180.90 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.51 180.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.78 180.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 210.60 180.90 Td (4506-T) Tj ET Q q 0 0 0 rg BT 239.86 180.90 Td ( ) Tj ET Q q 0 0 0 rg BT 242.13 180.90 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.11 180.90 Td (, ) Tj ET Q q 0 0 0 rg BT 276.89 180.90 Td (which ) Tj ET Q q 0 0 0 rg BT 303.60 180.90 Td (we ) Tj ET Q q 0 0 0 rg BT 317.53 180.90 Td (license ) Tj ET Q q 0 0 0 rg BT 347.56 180.90 Td (from ) Tj ET Q q 0 0 0 rg BT 369.28 180.90 Td (a ) Tj ET Q q 0 0 0 rg BT 375.99 180.90 Td (third ) Tj ET Q q 0 0 0 rg BT 397.14 180.90 Td (party) Tj ET Q q 0 0 0 rg BT 417.04 180.90 Td (, ) Tj ET Q q 0 0 0 rg BT 421.81 180.90 Td (is ) Tj ET Q q 0 0 0 rg BT 430.76 180.90 Td (an ) Tj ET Q q 0 0 0 rg BT 442.47 180.90 Td (integrated ) Tj ET Q q 0 0 0 rg BT 484.72 180.90 Td (income ) Tj ET Q q 0 0 0 rg BT 516.42 180.90 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.90 Td (solution ) Tj ET Q q 0 0 0 rg BT 84.22 168.90 Td (that ) Tj ET Q q 0 0 0 rg BT 101.71 168.90 Td (allows ) Tj ET Q q 0 0 0 rg BT 130.31 168.90 Td (users ) Tj ET Q q 0 0 0 rg BT 153.35 168.90 Td (to ) Tj ET Q q 0 0 0 rg BT 163.62 168.90 Td (electronically ) Tj ET Q q 0 0 0 rg BT 220.53 168.90 Td (order ) Tj ET Q q 0 0 0 rg BT 244.12 168.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.83 168.90 Td (return ) Tj ET Q q 0 0 0 rg BT 285.20 168.90 Td (data ) Tj ET Q q 0 0 0 rg BT 304.35 168.90 Td (from ) Tj ET Q q 0 0 0 rg BT 326.28 168.90 Td (the ) Tj ET Q q 0 0 0 rg BT 340.99 168.90 Td (Internal ) Tj ET Q q 0 0 0 rg BT 374.58 168.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 412.05 168.90 Td (Service, ) Tj ET Q q 0 0 0 rg BT 447.03 168.90 Td (quickly ) Tj ET Q q 0 0 0 rg BT 479.52 168.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 510.87 168.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 541.14 168.90 Td (back, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 156.90 Td (compare ) Tj ET Q q 0 0 0 rg BT 103.36 156.90 Td (and ) Tj ET Q q 0 0 0 rg BT 120.30 156.90 Td (validate ) Tj ET Q q 0 0 0 rg BT 154.45 156.90 Td (the ) Tj ET Q q 0 0 0 rg BT 169.17 156.90 Td (income ) Tj ET Q q 0 0 0 rg BT 201.10 156.90 Td (stated ) Tj ET Q q 0 0 0 rg BT 226.93 156.90 Td (on ) Tj ET Q q 0 0 0 rg BT 239.43 156.90 Td (the ) Tj ET Q q 0 0 0 rg BT 254.14 156.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 273.86 156.90 Td (application ) Tj ET Q q 0 0 0 rg BT 320.79 156.90 Td (with ) Tj ET Q q 0 0 0 rg BT 341.07 156.90 Td (the ) Tj ET Q q 0 0 0 rg BT 355.78 156.90 Td (borrower) Tj ET Q q 0 0 0 rg BT 392.81 156.90 Td () Tj ET Q q 0 0 0 rg BT 395.58 156.90 Td (s ) Tj ET Q q 0 0 0 rg BT 401.98 156.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 428.35 156.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 443.06 156.90 Td (returns.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 135.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.77 135.00 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 140.15 135.00 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.57 135.00 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 172.35 135.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.28 135.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 223.11 135.00 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 264.92 135.00 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.90 135.00 Td (, ) Tj ET Q q 0 0 0 rg BT 300.33 135.00 Td (which ) Tj ET Q q 0 0 0 rg BT 327.70 135.00 Td (we ) Tj ET Q q 0 0 0 rg BT 342.29 135.00 Td (license ) Tj ET Q q 0 0 0 rg BT 372.98 135.00 Td (from ) Tj ET Q q 0 0 0 rg BT 395.35 135.00 Td (a ) Tj ET Q q 0 0 0 rg BT 402.72 135.00 Td (third ) Tj ET Q q 0 0 0 rg BT 424.54 135.00 Td (party) Tj ET Q q 0 0 0 rg BT 444.43 135.00 Td (, ) Tj ET Q q 0 0 0 rg BT 449.86 135.00 Td (enables ) Tj ET Q q 0 0 0 rg BT 482.78 135.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 531.25 135.00 Td (users ) Tj ET Q q 0 0 0 rg BT 554.74 135.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.00 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 95.32 123.00 Td (order) Tj ET Q q 0 0 0 rg BT 116.02 123.00 Td (, ) Tj ET Q q 0 0 0 rg BT 121.02 123.00 Td (track ) Tj ET Q q 0 0 0 rg BT 143.51 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 160.44 123.00 Td (retrieve ) Tj ET Q q 0 0 0 rg BT 193.47 123.00 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 232.07 123.00 Td (reports ) Tj ET Q q 0 0 0 rg BT 262.33 123.00 Td (from ) Tj ET Q q 0 0 0 rg BT 284.27 123.00 Td (within ) Tj ET Q q 0 0 0 rg BT 312.33 123.00 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 362.87 123.00 Td (Users ) Tj ET Q q 0 0 0 rg BT 388.15 123.00 Td (can ) Tj ET Q q 0 0 0 rg BT 404.52 123.00 Td (manage ) Tj ET Q q 0 0 0 rg BT 438.12 123.00 Td (their ) Tj ET Q q 0 0 0 rg BT 458.94 123.00 Td (own ) Tj ET Q q 0 0 0 rg BT 478.66 123.00 Td (panel ) Tj ET Q q 0 0 0 rg BT 502.81 123.00 Td (of ) Tj ET Q q 0 0 0 rg BT 513.64 123.00 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.00 Td (appraisers ) Tj ET Q q 0 0 0 rg BT 92.54 111.00 Td (or ) Tj ET Q q 0 0 0 rg BT 103.37 111.00 Td (work ) Tj ET Q q 0 0 0 rg BT 126.42 111.00 Td (with ) Tj ET Q q 0 0 0 rg BT 146.70 111.00 Td (one ) Tj ET Q q 0 0 0 rg BT 163.64 111.00 Td (of ) Tj ET Q q 0 0 0 rg BT 174.47 111.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 195.85 111.00 Td (Mae) Tj ET Q q 0 0 0 rg BT 216.39 111.00 Td (s ) Tj ET Q q 0 0 0 rg BT 222.79 111.00 Td (integrated ) Tj ET Q q 0 0 0 rg BT 265.27 111.00 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 303.86 111.00 Td (management ) Tj ET Q q 0 0 0 rg BT 357.45 111.00 Td (companies.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.58 89.10 Td (Flood ) Tj ET Q q 0 0 0 rg BT 123.99 89.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.41 89.10 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 156.19 89.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 89.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 206.79 89.10 Td (Flood ) Tj ET Q q 0 0 0 rg BT 232.65 89.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.63 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.66 89.10 Td (which ) Tj ET Q q 0 0 0 rg BT 294.62 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 308.81 89.10 Td (license ) Tj ET Q q 0 0 0 rg BT 339.09 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.06 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.02 89.10 Td (third ) Tj ET Q q 0 0 0 rg BT 389.43 89.10 Td (party) Tj ET Q q 0 0 0 rg BT 409.33 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 414.35 89.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 442.99 89.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 491.06 89.10 Td (users ) Tj ET Q q 0 0 0 rg BT 514.13 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.44 89.10 Td (order ) Tj ET Q q 0 0 0 rg BT 548.06 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 81.87 77.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 104.25 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.52 77.10 Td (life-of-loan ) Tj ET Q q 0 0 0 rg BT 167.88 77.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 190.83 77.10 Td (zone ) Tj ET Q q 0 0 0 rg BT 211.54 77.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 268.90 77.10 Td (electronically) Tj ET Q q 0 0 0 rg BT 322.67 77.10 Td (. ) Tj ET Q q 0 0 0 rg BT 327.00 77.10 Td (Documentation ) Tj ET Q q 0 0 0 rg BT 390.48 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.76 77.10 Td (data ) Tj ET Q q 0 0 0 rg BT 425.24 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.28 77.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 465.55 77.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 521.81 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.30 77.10 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 65.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 101.16 65.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 133.27 65.10 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.90 740.10 Td (CRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.01 740.10 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.79 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.64 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 170.03 740.10 Td (CRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.27 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.62 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 222.90 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 236.41 740.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 272.69 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.31 740.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 328.04 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.66 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.73 740.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 422.46 740.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 470.69 740.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 505.86 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.15 740.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 532.89 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.07 740.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.13 728.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 110.86 728.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 133.50 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.69 728.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 180.99 728.10 Td (users ) Tj ET Q q 0 0 0 rg BT 204.73 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.70 728.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 249.98 728.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 288.44 728.10 Td (leads ) Tj ET Q q 0 0 0 rg BT 312.18 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.81 728.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 373.54 728.10 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 419.49 728.10 Td (within ) Tj ET Q q 0 0 0 rg BT 448.24 728.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 499.48 728.10 Td (It ) Tj ET Q q 0 0 0 rg BT 508.78 728.10 Td (also ) Tj ET Q q 0 0 0 rg BT 528.08 728.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.01 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.31 716.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 138.38 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.90 716.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 194.30 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.60 716.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 231.90 716.10 Td (ef) Tj ET Q q 0 0 0 rg BT 239.48 716.10 Td (forts. ) Tj ET Q q 0 0 0 rg BT 262.04 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.67 716.10 Td (e ) Tj ET Q q 0 0 0 rg BT 276.97 716.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 296.05 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.68 716.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 345.30 716.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 398.26 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.56 716.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 445.29 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.37 716.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 506.76 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.95 716.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 74.23 704.10 Td (over ) Tj ET Q q 0 0 0 rg BT 94.50 704.10 Td (time.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 682.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.31 682.20 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 142.67 682.20 Td (Dir) Tj ET Q q 0 0 0 rg BT 156.19 682.20 Td (ect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.85 682.20 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.88 682.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 222.68 682.20 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 267.05 682.20 Td (Direct) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.03 682.20 Td (, ) Tj ET Q q 0 0 0 rg BT 297.79 682.20 Td (which ) Tj ET Q q 0 0 0 rg BT 325.48 682.20 Td (was ) Tj ET Q q 0 0 0 rg BT 344.29 682.20 Td (first ) Tj ET Q q 0 0 0 rg BT 363.65 682.20 Td (made ) Tj ET Q q 0 0 0 rg BT 388.56 682.20 Td (available ) Tj ET Q q 0 0 0 rg BT 427.90 682.20 Td (to ) Tj ET Q q 0 0 0 rg BT 438.93 682.20 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 462.19 682.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 510.99 682.20 Td (users ) Tj ET Q q 0 0 0 rg BT 534.80 682.20 Td (in ) Tj ET Q q 0 0 0 rg BT 545.83 682.20 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 75.41 670.20 Td (is ) Tj ET Q q 0 0 0 rg BT 85.49 670.20 Td (a ) Tj ET Q q 0 0 0 rg BT 93.33 670.20 Td (storefront ) Tj ET Q q 0 0 0 rg BT 135.62 670.20 Td (for ) Tj ET Q q 0 0 0 rg BT 150.69 670.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 191.86 670.20 Td (originators, ) Tj ET Q q 0 0 0 rg BT 241.09 670.20 Td (providing ) Tj ET Q q 0 0 0 rg BT 283.39 670.20 Td (a ) Tj ET Q q 0 0 0 rg BT 291.23 670.20 Td (self-service ) Tj ET Q q 0 0 0 rg BT 340.73 670.20 Td (model ) Tj ET Q q 0 0 0 rg BT 369.13 670.20 Td (for ) Tj ET Q q 0 0 0 rg BT 384.20 670.20 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 430.65 670.20 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 480.71 670.20 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 524.66 670.20 Td (will ) Tj ET Q q 0 0 0 rg BT 543.63 670.20 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.20 Td (around ) Tj ET Q q 0 0 0 rg BT 79.96 658.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.86 658.20 Td (clock ) Tj ET Q q 0 0 0 rg BT 119.20 658.20 Td (access ) Tj ET Q q 0 0 0 rg BT 147.43 658.20 Td (to ) Tj ET Q q 0 0 0 rg BT 157.90 658.20 Td (individualized ) Tj ET Q q 0 0 0 rg BT 217.79 658.20 Td (rates, ) Tj ET Q q 0 0 0 rg BT 241.86 658.20 Td (be ) Tj ET Q q 0 0 0 rg BT 253.98 658.20 Td (able ) Tj ET Q q 0 0 0 rg BT 273.33 658.20 Td (to ) Tj ET Q q 0 0 0 rg BT 283.79 658.20 Td (request ) Tj ET Q q 0 0 0 rg BT 315.36 658.20 Td (more ) Tj ET Q q 0 0 0 rg BT 338.59 658.20 Td (information ) Tj ET Q q 0 0 0 rg BT 388.49 658.20 Td (or ) Tj ET Q q 0 0 0 rg BT 399.51 658.20 Td (be ) Tj ET Q q 0 0 0 rg BT 411.64 658.20 Td (able ) Tj ET Q q 0 0 0 rg BT 430.98 658.20 Td (to ) Tj ET Q q 0 0 0 rg BT 441.45 658.20 Td (complete ) Tj ET Q q 0 0 0 rg BT 480.78 658.20 Td (a ) Tj ET Q q 0 0 0 rg BT 487.91 658.20 Td (guided, ) Tj ET Q q 0 0 0 rg BT 520.32 658.20 Td (interactive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.20 646.20 Td (application. ) Tj ET Q q 0 0 0 rg BT 138.06 646.20 Td ( ) Tj ET Q q 0 0 0 rg BT 139.99 646.20 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 174.13 646.20 Td (receive ) Tj ET Q q 0 0 0 rg BT 204.93 646.20 Td (fully ) Tj ET Q q 0 0 0 rg BT 225.75 646.20 Td (complete, ) Tj ET Q q 0 0 0 rg BT 266.83 646.20 Td (quality ) Tj ET Q q 0 0 0 rg BT 296.54 646.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 336.24 646.20 Td (applications ) Tj ET Q q 0 0 0 rg BT 386.49 646.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 418.97 646.20 Td (in ) Tj ET Q q 0 0 0 rg BT 428.68 646.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 476.16 646.20 Td (with ) Tj ET Q q 0 0 0 rg BT 495.87 646.20 Td (a ) Tj ET Q q 0 0 0 rg BT 502.24 646.20 Td (high ) Tj ET Q q 0 0 0 rg BT 521.96 646.20 Td (likelihood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.20 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 634.20 Td (closing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 634.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 141.77 634.20 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 185.21 634.20 Td (Direct) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.19 634.20 Td ( ) Tj ET Q q 0 0 0 rg BT 212.53 634.20 Td (keeps ) Tj ET Q q 0 0 0 rg BT 237.63 634.20 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 280.51 634.20 Td (informed ) Tj ET Q q 0 0 0 rg BT 319.50 634.20 Td (throughout ) Tj ET Q q 0 0 0 rg BT 365.72 634.20 Td (the ) Tj ET Q q 0 0 0 rg BT 380.27 634.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 399.82 634.20 Td (process ) Tj ET Q q 0 0 0 rg BT 432.14 634.20 Td (of ) Tj ET Q q 0 0 0 rg BT 442.81 634.20 Td (the ) Tj ET Q q 0 0 0 rg BT 457.36 634.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 476.91 634.20 Td (status, ) Tj ET Q q 0 0 0 rg BT 504.52 634.20 Td (and ) Tj ET Q q 0 0 0 rg BT 521.29 634.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 558.06 634.20 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.20 Td (secure ) Tj ET Q q 0 0 0 rg BT 77.54 622.20 Td (portal ) Tj ET Q q 0 0 0 rg BT 103.36 622.20 Td (for ) Tj ET Q q 0 0 0 rg BT 117.52 622.20 Td (sending ) Tj ET Q q 0 0 0 rg BT 151.13 622.20 Td (and ) Tj ET Q q 0 0 0 rg BT 168.07 622.20 Td (receiving ) Tj ET Q q 0 0 0 rg BT 207.77 622.20 Td (documentation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 595.90 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 595.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 90.05 595.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 110.88 595.90 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 571.90 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 571.90 Td ( ) Tj ET Q q 0 0 0 rg BT 59.24 571.90 Td (key ) Tj ET Q q 0 0 0 rg BT 76.76 571.90 Td (component ) Tj ET Q q 0 0 0 rg BT 124.26 571.90 Td (of ) Tj ET Q q 0 0 0 rg BT 135.67 571.90 Td (our ) Tj ET Q q 0 0 0 rg BT 152.07 571.90 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 175.14 571.90 Td (version ) Tj ET Q q 0 0 0 rg BT 207.66 571.90 Td (of ) Tj ET Q q 0 0 0 rg BT 219.06 571.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 267.68 571.90 Td (is ) Tj ET Q q 0 0 0 rg BT 277.42 571.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.72 571.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 314.67 571.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 335.51 571.90 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 571.90 Td (, ) Tj ET Q q 0 0 0 rg BT 376.08 571.90 Td (which ) Tj ET Q q 0 0 0 rg BT 403.59 571.90 Td (enables ) Tj ET Q q 0 0 0 rg BT 436.65 571.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 477.49 571.90 Td (originators ) Tj ET Q q 0 0 0 rg BT 523.88 571.90 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 571.90 Td (choose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 559.90 Td (from, ) Tj ET Q q 0 0 0 rg BT 74.34 559.90 Td (and ) Tj ET Q q 0 0 0 rg BT 91.68 559.90 Td (connect ) Tj ET Q q 0 0 0 rg BT 125.68 559.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 138.86 559.90 Td (a ) Tj ET Q q 0 0 0 rg BT 146.20 559.90 Td (broad ) Tj ET Q q 0 0 0 rg BT 171.87 559.90 Td (array ) Tj ET Q q 0 0 0 rg BT 195.31 559.90 Td (of ) Tj ET Q q 0 0 0 rg BT 206.54 559.90 Td (investors, ) Tj ET Q q 0 0 0 rg BT 248.05 559.90 Td (mega ) Tj ET Q q 0 0 0 rg BT 272.61 559.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 304.38 559.90 Td (and ) Tj ET Q q 0 0 0 rg BT 321.72 559.90 Td (third-party ) Tj ET Q q 0 0 0 rg BT 367.39 559.90 Td (service ) Tj ET Q q 0 0 0 rg BT 398.61 559.90 Td (providers ) Tj ET Q q 0 0 0 rg BT 439.28 559.90 Td (essential ) Tj ET Q q 0 0 0 rg BT 476.61 559.90 Td (to ) Tj ET Q q 0 0 0 rg BT 487.29 559.90 Td (the ) Tj ET Q q 0 0 0 rg BT 502.41 559.90 Td (processing ) Tj ET Q q 0 0 0 rg BT 548.08 559.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 83.11 547.90 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 547.90 Td (loans. ) Tj ET Q q 0 0 0 rg BT 120.05 547.90 Td (Key ) Tj ET Q q 0 0 0 rg BT 139.21 547.90 Td (functions ) Tj ET Q q 0 0 0 rg BT 178.92 547.90 Td (of ) Tj ET Q q 0 0 0 rg BT 189.75 547.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.47 547.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 225.85 547.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 246.12 547.90 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.11 547.90 Td ( ) Tj ET Q q 0 0 0 rg BT 283.61 547.90 Td (include ) Tj ET Q q 0 0 0 rg BT 315.54 547.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.26 547.90 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 531.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 531.50 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 127.08 531.50 Td (originators ) Tj ET Q q 0 0 0 rg BT 173.12 531.50 Td (can ) Tj ET Q q 0 0 0 rg BT 189.70 531.50 Td (electronically ) Tj ET Q q 0 0 0 rg BT 246.82 531.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.97 531.50 Td (securely ) Tj ET Q q 0 0 0 rg BT 299.99 531.50 Td (submit ) Tj ET Q q 0 0 0 rg BT 329.93 531.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 349.85 531.50 Td (files ) Tj ET Q q 0 0 0 rg BT 369.77 531.50 Td (to ) Tj ET Q q 0 0 0 rg BT 380.26 531.50 Td (the ) Tj ET Q q 0 0 0 rg BT 395.19 531.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 434.00 531.50 Td (and ) Tj ET Q q 0 0 0 rg BT 451.15 531.50 Td (mega ) Tj ET Q q 0 0 0 rg BT 475.51 531.50 Td (lenders ) Tj ET Q q 0 0 0 rg BT 507.09 531.50 Td (to ) Tj ET Q q 0 0 0 rg BT 517.58 531.50 Td (whom ) Tj ET Q q 0 0 0 rg BT 545.29 531.50 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 519.50 Td (intend ) Tj ET Q q 0 0 0 rg BT 113.00 519.50 Td (to ) Tj ET Q q 0 0 0 rg BT 123.27 519.50 Td (sell ) Tj ET Q q 0 0 0 rg BT 139.66 519.50 Td (them, ) Tj ET Q q 0 0 0 rg BT 164.66 519.50 Td (in ) Tj ET Q q 0 0 0 rg BT 174.93 519.50 Td (order ) Tj ET Q q 0 0 0 rg BT 198.53 519.50 Td (to ) Tj ET Q q 0 0 0 rg BT 208.81 519.50 Td (have ) Tj ET Q q 0 0 0 rg BT 230.19 519.50 Td (the ) Tj ET Q q 0 0 0 rg BT 244.90 519.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 268.51 519.50 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 322.11 519.50 Td (and ) Tj ET Q q 0 0 0 rg BT 339.04 519.50 Td (priced ) Tj ET Q q 0 0 0 rg BT 366.53 519.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.47 519.50 Td (to ) Tj ET Q q 0 0 0 rg BT 393.75 519.50 Td (have ) Tj ET Q q 0 0 0 rg BT 415.12 519.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 434.84 519.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 456.22 519.50 Td (locked.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 503.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 503.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 127.52 503.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 173.99 503.10 Td (can ) Tj ET Q q 0 0 0 rg BT 191.01 503.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 248.57 503.10 Td (order ) Tj ET Q q 0 0 0 rg BT 272.81 503.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 317.05 503.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 354.90 503.10 Td (including ) Tj ET Q q 0 0 0 rg BT 395.82 503.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 424.23 503.10 Td (title, ) Tj ET Q q 0 0 0 rg BT 445.42 503.10 Td (appraisal, ) Tj ET Q q 0 0 0 rg BT 487.16 503.10 Td (flood, ) Tj ET Q q 0 0 0 rg BT 513.91 503.10 Td (compliance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 491.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 125.76 491.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 169.08 491.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 192.68 491.10 Td (detection ) Tj ET Q q 0 0 0 rg BT 231.83 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.77 491.10 Td (other ) Tj ET Q q 0 0 0 rg BT 271.81 491.10 Td (reports.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 474.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.70 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 126.68 474.70 Td (mega ) Tj ET Q q 0 0 0 rg BT 150.35 474.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 181.25 474.70 Td (and ) Tj ET Q q 0 0 0 rg BT 197.71 474.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 240.82 474.70 Td (service ) Tj ET Q q 0 0 0 rg BT 271.16 474.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 310.95 474.70 Td (can ) Tj ET Q q 0 0 0 rg BT 326.84 474.70 Td (gain ) Tj ET Q q 0 0 0 rg BT 346.08 474.70 Td (instant ) Tj ET Q q 0 0 0 rg BT 374.76 474.70 Td (electronic ) Tj ET Q q 0 0 0 rg BT 416.20 474.70 Td (access ) Tj ET Q q 0 0 0 rg BT 443.76 474.70 Td (to ) Tj ET Q q 0 0 0 rg BT 453.55 474.70 Td (a ) Tj ET Q q 0 0 0 rg BT 460.01 474.70 Td (lar) Tj ET Q q 0 0 0 rg BT 470.38 474.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 481.84 474.70 Td (number ) Tj ET Q q 0 0 0 rg BT 514.40 474.70 Td (of ) Tj ET Q q 0 0 0 rg BT 524.75 474.70 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.70 Td (originators, ) Tj ET Q q 0 0 0 rg BT 133.03 462.70 Td (potentially ) Tj ET Q q 0 0 0 rg BT 177.50 462.70 Td (increasing ) Tj ET Q q 0 0 0 rg BT 220.30 462.70 Td (their ) Tj ET Q q 0 0 0 rg BT 240.33 462.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.67 462.70 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 328.15 462.70 Td (and ) Tj ET Q q 0 0 0 rg BT 344.29 462.70 Td (lowering ) Tj ET Q q 0 0 0 rg BT 381.54 462.70 Td (their ) Tj ET Q q 0 0 0 rg BT 401.57 462.70 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 446.32 462.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 465.24 462.70 Td (processing ) Tj ET Q q 0 0 0 rg BT 509.71 462.70 Td (and ) Tj ET Q q 0 0 0 rg BT 525.85 462.70 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 450.70 Td (support ) Tj ET Q q 0 0 0 rg BT 118.00 450.70 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 434.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 434.30 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 127.85 434.30 Td (mega ) Tj ET Q q 0 0 0 rg BT 152.70 434.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 184.77 434.30 Td (and ) Tj ET Q q 0 0 0 rg BT 202.40 434.30 Td (service ) Tj ET Q q 0 0 0 rg BT 233.91 434.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 274.88 434.30 Td (can ) Tj ET Q q 0 0 0 rg BT 291.95 434.30 Td (access ) Tj ET Q q 0 0 0 rg BT 320.68 434.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 363.29 434.30 Td (and ) Tj ET Q q 0 0 0 rg BT 380.92 434.30 Td (real-time ) Tj ET Q q 0 0 0 rg BT 420.20 434.30 Td (marketing ) Tj ET Q q 0 0 0 rg BT 463.94 434.30 Td (and ) Tj ET Q q 0 0 0 rg BT 481.57 434.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 512.54 434.30 Td (enforcement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 422.30 Td (services ) Tj ET Q q 0 0 0 rg BT 120.21 422.30 Td (that ) Tj ET Q q 0 0 0 rg BT 137.70 422.30 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 175.18 422.30 Td (business ) Tj ET Q q 0 0 0 rg BT 211.57 422.30 Td (interactions ) Tj ET Q q 0 0 0 rg BT 260.72 422.30 Td (with ) Tj ET Q q 0 0 0 rg BT 281.00 422.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 321.26 422.30 Td (originators.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 400.40 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 114.27 400.40 Td (mega ) Tj ET Q q 0 0 0 rg BT 138.53 400.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 170.01 400.40 Td (and ) Tj ET Q q 0 0 0 rg BT 187.06 400.40 Td (service ) Tj ET Q q 0 0 0 rg BT 217.98 400.40 Td (providers ) Tj ET Q q 0 0 0 rg BT 258.35 400.40 Td (enter ) Tj ET Q q 0 0 0 rg BT 280.95 400.40 Td (into ) Tj ET Q q 0 0 0 rg BT 299.11 400.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 337.81 400.40 Td (with ) Tj ET Q q 0 0 0 rg BT 358.19 400.40 Td (us ) Tj ET Q q 0 0 0 rg BT 369.69 400.40 Td (that ) Tj ET Q q 0 0 0 rg BT 387.29 400.40 Td (allow ) Tj ET Q q 0 0 0 rg BT 412.12 400.40 Td (their ) Tj ET Q q 0 0 0 rg BT 433.05 400.40 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 480.08 400.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 520.45 400.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 554.72 400.40 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.40 Td (inter) Tj ET Q q 0 0 0 rg BT 67.63 388.40 Td (-operate ) Tj ET Q q 0 0 0 rg BT 102.56 388.40 Td (with ) Tj ET Q q 0 0 0 rg BT 122.53 388.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.93 388.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 157.99 388.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 177.94 388.40 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.94 388.40 Td (. ) Tj ET Q q 0 0 0 rg BT 217.62 388.40 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 252.01 388.40 Td (and ) Tj ET Q q 0 0 0 rg BT 268.63 388.40 Td (service ) Tj ET Q q 0 0 0 rg BT 299.13 388.40 Td (providers ) Tj ET Q q 0 0 0 rg BT 339.08 388.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 378.47 388.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 395.09 388.40 Td (us ) Tj ET Q q 0 0 0 rg BT 406.17 388.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 424.45 388.40 Td (on ) Tj ET Q q 0 0 0 rg BT 436.64 388.40 Td (a ) Tj ET Q q 0 0 0 rg BT 443.26 388.40 Td (per ) Tj ET Q q 0 0 0 rg BT 458.21 388.40 Td (transaction ) Tj ET Q q 0 0 0 rg BT 504.27 388.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 526.45 388.40 Td (when ) Tj ET Q q 0 0 0 rg BT 550.30 388.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 90.34 376.40 Td (originator ) Tj ET Q q 0 0 0 rg BT 132.84 376.40 Td (orders ) Tj ET Q q 0 0 0 rg BT 160.91 376.40 Td (these ) Tj ET Q q 0 0 0 rg BT 184.53 376.40 Td (services ) Tj ET Q q 0 0 0 rg BT 219.81 376.40 Td (through ) Tj ET Q q 0 0 0 rg BT 253.99 376.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.28 376.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 291.24 376.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 312.08 376.40 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.07 376.40 Td (. ) Tj ET Q q 0 0 0 rg BT 352.42 376.40 Td (The ) Tj ET Q q 0 0 0 rg BT 371.04 376.40 Td (table ) Tj ET Q q 0 0 0 rg BT 393.55 376.40 Td (below ) Tj ET Q q 0 0 0 rg BT 421.06 376.40 Td (describes ) Tj ET Q q 0 0 0 rg BT 461.34 376.40 Td (some ) Tj ET Q q 0 0 0 rg BT 485.53 376.40 Td (of ) Tj ET Q q 0 0 0 rg BT 496.93 376.40 Td (the ) Tj ET Q q 0 0 0 rg BT 512.22 376.40 Td (services ) Tj ET Q q 0 0 0 rg BT 547.50 376.40 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.76 364.40 Td (originators ) Tj ET Q q 0 0 0 rg BT 135.59 364.40 Td (may ) Tj ET Q q 0 0 0 rg BT 155.31 364.40 Td (order ) Tj ET Q q 0 0 0 rg BT 178.90 364.40 Td (during ) Tj ET Q q 0 0 0 rg BT 207.51 364.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.23 364.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 262.49 364.40 Td (origination ) Tj ET Q q 0 0 0 rg BT 308.88 364.40 Td (process.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 33.60 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 732.5 m 187 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 732.5 m 563 732.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 737.23 Td (Type) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 737.23 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 723.07 Td (Credit Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 723.07 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 723.07 Td ( ) Tj ET Q q 0 0 0 rg BT 202.86 723.07 Td (report ) Tj ET Q q 0 0 0 rg BT 229.43 723.07 Td (verifying ) Tj ET Q q 0 0 0 rg BT 268.78 723.07 Td (a ) Tj ET Q q 0 0 0 rg BT 275.91 723.07 Td (loan ) Tj ET Q q 0 0 0 rg BT 295.82 723.07 Td (applicant) Tj ET Q q 0 0 0 rg BT 335.52 723.07 Td (s ) Tj ET Q q 0 0 0 rg BT 341.83 723.07 Td (credit ) Tj ET Q q 0 0 0 rg BT 367.28 723.07 Td (standing ) Tj ET Q q 0 0 0 rg BT 403.86 723.07 Td (to ) Tj ET Q q 0 0 0 rg BT 414.33 723.07 Td (statistically ) Tj ET Q q 0 0 0 rg BT 462.57 723.07 Td (predict ) Tj ET Q q 0 0 0 rg BT 493.03 723.07 Td (the ) Tj ET Q q 0 0 0 rg BT 507.94 723.07 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 551.18 723.07 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 713.07 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 713.07 Td (applicant ) Tj ET Q q 0 0 0 rg BT 247.37 713.07 Td (repaying ) Tj ET Q q 0 0 0 rg BT 284.85 713.07 Td (future ) Tj ET Q q 0 0 0 rg BT 311.23 713.07 Td (debts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 694.07 Td (Product Eligibility and Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 684.07 Td (Engine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 694.07 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 694.07 Td ( ) Tj ET Q q 0 0 0 rg BT 202.22 694.07 Td (service ) Tj ET Q q 0 0 0 rg BT 232.59 694.07 Td (that ) Tj ET Q q 0 0 0 rg BT 249.64 694.07 Td (allows ) Tj ET Q q 0 0 0 rg BT 277.80 694.07 Td (a ) Tj ET Q q 0 0 0 rg BT 284.29 694.07 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 324.10 694.07 Td (originator ) Tj ET Q q 0 0 0 rg BT 365.59 694.07 Td (to ) Tj ET Q q 0 0 0 rg BT 375.42 694.07 Td (compare ) Tj ET Q q 0 0 0 rg BT 411.90 694.07 Td (loans ) Tj ET Q q 0 0 0 rg BT 435.06 694.07 Td (of) Tj ET Q q 0 0 0 rg BT 443.30 694.07 Td (fered ) Tj ET Q q 0 0 0 rg BT 465.80 694.07 Td (by ) Tj ET Q q 0 0 0 rg BT 477.85 694.07 Td (dif) Tj ET Q q 0 0 0 rg BT 488.87 694.07 Td (ferent ) Tj ET Q q 0 0 0 rg BT 514.14 694.07 Td (lenders ) Tj ET Q q 0 0 0 rg BT 545.07 694.07 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 684.07 Td (investors ) Tj ET Q q 0 0 0 rg BT 232.11 684.07 Td (to ) Tj ET Q q 0 0 0 rg BT 242.39 684.07 Td (determine ) Tj ET Q q 0 0 0 rg BT 284.87 684.07 Td (the ) Tj ET Q q 0 0 0 rg BT 299.58 684.07 Td (best ) Tj ET Q q 0 0 0 rg BT 318.19 684.07 Td (product ) Tj ET Q q 0 0 0 rg BT 351.24 684.07 Td (and ) Tj ET Q q 0 0 0 rg BT 368.18 684.07 Td (price ) Tj ET Q q 0 0 0 rg BT 390.66 684.07 Td (available ) Tj ET Q q 0 0 0 rg BT 429.25 684.07 Td (to ) Tj ET Q q 0 0 0 rg BT 439.53 684.07 Td (a ) Tj ET Q q 0 0 0 rg BT 446.47 684.07 Td (particular ) Tj ET Q q 0 0 0 rg BT 487.28 684.07 Td (borrower) Tj ET Q q 0 0 0 rg BT 523.65 684.07 Td (.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 422.07 Td (Document Preparation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 422.07 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 422.07 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 422.07 Td (service ) Tj ET Q q 0 0 0 rg BT 233.25 422.07 Td (that ) Tj ET Q q 0 0 0 rg BT 250.63 422.07 Td (automates ) Tj ET Q q 0 0 0 rg BT 293.55 422.07 Td (the ) Tj ET Q q 0 0 0 rg BT 308.15 422.07 Td (process ) Tj ET Q q 0 0 0 rg BT 340.53 422.07 Td (of ) Tj ET Q q 0 0 0 rg BT 351.24 422.07 Td (preparing ) Tj ET Q q 0 0 0 rg BT 391.94 422.07 Td (the ) Tj ET Q q 0 0 0 rg BT 406.54 422.07 Td (legal ) Tj ET Q q 0 0 0 rg BT 428.35 422.07 Td (documents ) Tj ET Q q 0 0 0 rg BT 474.06 422.07 Td (required ) Tj ET Q q 0 0 0 rg BT 509.76 422.07 Td (for ) Tj ET Q q 0 0 0 rg BT 523.80 422.07 Td (closing ) Tj ET Q q 0 0 0 rg BT 555.07 422.07 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 412.07 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 393.07 Td (Mortgage Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 393.07 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 234.60 393.07 Td (that ) Tj ET Q q 0 0 0 rg BT 251.83 393.07 Td (protects ) Tj ET Q q 0 0 0 rg BT 285.71 393.07 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 325.71 393.07 Td (lenders ) Tj ET Q q 0 0 0 rg BT 356.82 393.07 Td (against ) Tj ET Q q 0 0 0 rg BT 387.37 393.07 Td (loss ) Tj ET Q q 0 0 0 rg BT 405.17 393.07 Td (in ) Tj ET Q q 0 0 0 rg BT 415.17 393.07 Td (the ) Tj ET Q q 0 0 0 rg BT 429.62 393.07 Td (event ) Tj ET Q q 0 0 0 rg BT 453.51 393.07 Td (of ) Tj ET Q q 0 0 0 rg BT 464.07 393.07 Td (default ) Tj ET Q q 0 0 0 rg BT 494.07 393.07 Td (by ) Tj ET Q q 0 0 0 rg BT 506.30 393.07 Td (the ) Tj ET Q q 0 0 0 rg BT 520.75 393.07 Td (borrower) Tj ET Q q 0 0 0 rg BT 557.20 393.07 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 383.07 Td (which ) Tj ET Q q 0 0 0 rg BT 220.44 383.07 Td (can ) Tj ET Q q 0 0 0 rg BT 236.82 383.07 Td (allow ) Tj ET Q q 0 0 0 rg BT 261.53 383.07 Td (lenders ) Tj ET Q q 0 0 0 rg BT 292.91 383.07 Td (to ) Tj ET Q q 0 0 0 rg BT 303.19 383.07 Td (originate ) Tj ET Q q 0 0 0 rg BT 341.23 383.07 Td (loans ) Tj ET Q q 0 0 0 rg BT 364.84 383.07 Td (with ) Tj ET Q q 0 0 0 rg BT 385.12 383.07 Td (lower ) Tj ET Q q 0 0 0 rg BT 410.38 383.07 Td (down ) Tj ET Q q 0 0 0 rg BT 435.11 383.07 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.07 Td (Income, Identity and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.07 Td (Employment Verifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 364.07 Td (Services ) Tj ET Q q 0 0 0 rg BT 232.56 364.07 Td (that ) Tj ET Q q 0 0 0 rg BT 252.73 364.07 Td (automate ) Tj ET Q q 0 0 0 rg BT 294.56 364.07 Td (the ) Tj ET Q q 0 0 0 rg BT 311.95 364.07 Td (verification ) Tj ET Q q 0 0 0 rg BT 363.22 364.07 Td (of ) Tj ET Q q 0 0 0 rg BT 376.73 364.07 Td (each ) Tj ET Q q 0 0 0 rg BT 400.22 364.07 Td (of ) Tj ET Q q 0 0 0 rg BT 413.73 364.07 Td (a ) Tj ET Q q 0 0 0 rg BT 423.35 364.07 Td (borrower) Tj ET Q q 0 0 0 rg BT 460.37 364.07 Td () Tj ET Q q 0 0 0 rg BT 463.15 364.07 Td (s ) Tj ET Q q 0 0 0 rg BT 472.22 364.07 Td (income, ) Tj ET Q q 0 0 0 rg BT 509.33 364.07 Td (identity ) Tj ET Q q 0 0 0 rg BT 545.06 364.07 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 354.07 Td (employment ) Tj ET Q q 0 0 0 rg BT 246.98 354.07 Td (through ) Tj ET Q q 0 0 0 rg BT 281.57 354.07 Td (a ) Tj ET Q q 0 0 0 rg BT 289.49 354.07 Td (variety ) Tj ET Q q 0 0 0 rg BT 320.74 354.07 Td (of ) Tj ET Q q 0 0 0 rg BT 332.56 354.07 Td (sources, ) Tj ET Q q 0 0 0 rg BT 368.53 354.07 Td (including ) Tj ET Q q 0 0 0 rg BT 409.79 354.07 Td (the ) Tj ET Q q 0 0 0 rg BT 425.49 354.07 Td (Internal ) Tj ET Q q 0 0 0 rg BT 460.07 354.07 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 498.54 354.07 Td (Service, ) Tj ET Q q 0 0 0 rg BT 534.51 354.07 Td (Social ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 344.07 Td (Security ) Tj ET Q q 0 0 0 rg BT 228.77 344.07 Td (Administration ) Tj ET Q q 0 0 0 rg BT 291.83 344.07 Td (and ) Tj ET Q q 0 0 0 rg BT 308.76 344.07 Td (other ) Tj ET Q q 0 0 0 rg BT 331.81 344.07 Td (third ) Tj ET Q q 0 0 0 rg BT 353.20 344.07 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 312.70 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 290.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.00 290.80 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 125.28 290.80 Td (product ) Tj ET Q q 0 0 0 rg BT 158.33 290.80 Td (line ) Tj ET Q q 0 0 0 rg BT 175.82 290.80 Td (is ) Tj ET Q q 0 0 0 rg BT 184.99 290.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 225.25 290.80 Td (into ) Tj ET Q q 0 0 0 rg BT 243.31 290.80 Td (four ) Tj ET Q q 0 0 0 rg BT 262.47 290.80 Td (categories ) Tj ET Q q 0 0 0 rg BT 305.50 290.80 Td (as ) Tj ET Q q 0 0 0 rg BT 316.33 290.80 Td (follows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 268.95 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 83.08 268.95 Td (Academy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.72 268.95 Td (: ) Tj ET Q q 0 0 0 rg BT 124.98 268.95 Td (Through ) Tj ET Q q 0 0 0 rg BT 161.50 268.95 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 196.35 268.95 Td (Academy) Tj ET Q q 0 0 0 rg BT 234.02 268.95 Td (, ) Tj ET Q q 0 0 0 rg BT 239.19 268.95 Td (we ) Tj ET Q q 0 0 0 rg BT 253.52 268.95 Td (of) Tj ET Q q 0 0 0 rg BT 261.67 268.95 Td (fer ) Tj ET Q q 0 0 0 rg BT 275.43 268.95 Td (courses ) Tj ET Q q 0 0 0 rg BT 308.09 268.95 Td (related ) Tj ET Q q 0 0 0 rg BT 337.96 268.95 Td (to ) Tj ET Q q 0 0 0 rg BT 348.41 268.95 Td (the ) Tj ET Q q 0 0 0 rg BT 363.30 268.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 403.73 268.95 Td (industry) Tj ET Q q 0 0 0 rg BT 435.86 268.95 Td (. ) Tj ET Q q 0 0 0 rg BT 443.52 268.95 Td (Customers ) Tj ET Q q 0 0 0 rg BT 488.97 268.95 Td (can ) Tj ET Q q 0 0 0 rg BT 505.52 268.95 Td (choose ) Tj ET Q q 0 0 0 rg BT 535.95 268.95 Td (from ) Tj ET Q q 0 0 0 rg BT 558.06 268.95 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.95 Td (variety ) Tj ET Q q 0 0 0 rg BT 79.72 256.95 Td (of ) Tj ET Q q 0 0 0 rg BT 90.52 256.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 125.74 256.95 Td (options, ) Tj ET Q q 0 0 0 rg BT 160.15 256.95 Td (including ) Tj ET Q q 0 0 0 rg BT 200.38 256.95 Td (self-paced ) Tj ET Q q 0 0 0 rg BT 243.93 256.95 Td (training, ) Tj ET Q q 0 0 0 rg BT 279.99 256.95 Td (instructor) Tj ET Q q 0 0 0 rg BT 318.12 256.95 Td (-led ) Tj ET Q q 0 0 0 rg BT 336.13 256.95 Td (online ) Tj ET Q q 0 0 0 rg BT 363.58 256.95 Td (courses, ) Tj ET Q q 0 0 0 rg BT 398.53 256.95 Td (webinars, ) Tj ET Q q 0 0 0 rg BT 439.59 256.95 Td (or ) Tj ET Q q 0 0 0 rg BT 450.38 256.95 Td (live ) Tj ET Q q 0 0 0 rg BT 467.84 256.95 Td (classroom ) Tj ET Q q 0 0 0 rg BT 510.85 256.95 Td (training.Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.95 Td (courses ) Tj ET Q q 0 0 0 rg BT 82.31 244.95 Td (allow ) Tj ET Q q 0 0 0 rg BT 107.34 244.95 Td (our ) Tj ET Q q 0 0 0 rg BT 123.49 244.95 Td (customers ) Tj ET Q q 0 0 0 rg BT 166.86 244.95 Td (to ) Tj ET Q q 0 0 0 rg BT 177.46 244.95 Td (meet ) Tj ET Q q 0 0 0 rg BT 199.71 244.95 Td (continuing ) Tj ET Q q 0 0 0 rg BT 245.30 244.95 Td (education ) Tj ET Q q 0 0 0 rg BT 286.99 244.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 342.01 244.95 Td (for ) Tj ET Q q 0 0 0 rg BT 356.49 244.95 Td (state-licensed ) Tj ET Q q 0 0 0 rg BT 413.73 244.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 454.31 244.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 474.35 244.95 Td (originators, ) Tj ET Q q 0 0 0 rg BT 522.99 244.95 Td (as ) Tj ET Q q 0 0 0 rg BT 534.14 244.95 Td (well ) Tj ET Q q 0 0 0 rg BT 554.18 244.95 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.95 Td (certification ) Tj ET Q q 0 0 0 rg BT 100.31 232.95 Td (programs ) Tj ET Q q 0 0 0 rg BT 140.57 232.95 Td (for ) Tj ET Q q 0 0 0 rg BT 154.73 232.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 195.00 232.95 Td (industry ) Tj ET Q q 0 0 0 rg BT 230.28 232.95 Td (professionals.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 211.05 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 82.73 211.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 92.36 211.05 Td (ofessional ) Tj ET Q q 0 0 0 rg BT 135.05 211.05 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.37 211.05 Td (: ) Tj ET Q q 0 0 0 rg BT 173.12 211.05 Td (W) Tj ET Q q 0 0 0 rg BT 181.76 211.05 Td (e ) Tj ET Q q 0 0 0 rg BT 188.33 211.05 Td (of) Tj ET Q q 0 0 0 rg BT 196.48 211.05 Td (fer ) Tj ET Q q 0 0 0 rg BT 209.71 211.05 Td (standard ) Tj ET Q q 0 0 0 rg BT 245.72 211.05 Td (and ) Tj ET Q q 0 0 0 rg BT 262.29 211.05 Td (custom ) Tj ET Q q 0 0 0 rg BT 293.31 211.05 Td (documentation ) Tj ET Q q 0 0 0 rg BT 354.87 211.05 Td (services ) Tj ET Q q 0 0 0 rg BT 389.20 211.05 Td (that ) Tj ET Q q 0 0 0 rg BT 406.33 211.05 Td (allow ) Tj ET Q q 0 0 0 rg BT 430.68 211.05 Td (our ) Tj ET Q q 0 0 0 rg BT 446.14 211.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 488.82 211.05 Td (to ) Tj ET Q q 0 0 0 rg BT 498.73 211.05 Td (manage ) Tj ET Q q 0 0 0 rg BT 531.95 211.05 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.05 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.25 199.05 Td (lending ) Tj ET Q q 0 0 0 rg BT 121.23 199.05 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 171.66 199.05 Td (W) Tj ET Q q 0 0 0 rg BT 180.30 199.05 Td (e ) Tj ET Q q 0 0 0 rg BT 186.73 199.05 Td (also ) Tj ET Q q 0 0 0 rg BT 204.82 199.05 Td (manage ) Tj ET Q q 0 0 0 rg BT 237.90 199.05 Td (our ) Tj ET Q q 0 0 0 rg BT 253.22 199.05 Td (customers) Tj ET Q q 0 0 0 rg BT 296.35 199.05 Td ( ) Tj ET Q q 0 0 0 rg BT 298.34 199.05 Td (document ) Tj ET Q q 0 0 0 rg BT 339.76 199.05 Td (and ) Tj ET Q q 0 0 0 rg BT 356.18 199.05 Td (guideline ) Tj ET Q q 0 0 0 rg BT 395.38 199.05 Td (publishing ) Tj ET Q q 0 0 0 rg BT 439.59 199.05 Td (with ) Tj ET Q q 0 0 0 rg BT 459.36 199.05 Td (private ) Tj ET Q q 0 0 0 rg BT 489.11 199.05 Td (label ) Tj ET Q q 0 0 0 rg BT 510.53 199.05 Td (branding ) Tj ET Q q 0 0 0 rg BT 548.06 199.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.55 187.05 Td (custom ) Tj ET Q q 0 0 0 rg BT 113.93 187.05 Td (training ) Tj ET Q q 0 0 0 rg BT 147.54 187.05 Td (and ) Tj ET Q q 0 0 0 rg BT 164.48 187.05 Td (learning ) Tj ET Q q 0 0 0 rg BT 199.74 187.05 Td (management ) Tj ET Q q 0 0 0 rg BT 253.33 187.05 Td (solutions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 165.15 Td (Data ) Tj ET Q q 0 0 0 rg BT 73.09 165.15 Td (& ) Tj ET Q q 0 0 0 rg BT 84.20 165.15 Td (Analytics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.41 165.15 Td (: ) Tj ET Q q 0 0 0 rg BT 127.52 165.15 Td (W) Tj ET Q q 0 0 0 rg BT 136.16 165.15 Td (e ) Tj ET Q q 0 0 0 rg BT 144.19 165.15 Td (track ) Tj ET Q q 0 0 0 rg BT 167.76 165.15 Td (and ) Tj ET Q q 0 0 0 rg BT 185.79 165.15 Td (make ) Tj ET Q q 0 0 0 rg BT 211.04 165.15 Td (available ) Tj ET Q q 0 0 0 rg BT 250.72 165.15 Td (information ) Tj ET Q q 0 0 0 rg BT 301.52 165.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 343.42 165.15 Td (investor ) Tj ET Q q 0 0 0 rg BT 379.23 165.15 Td (loan ) Tj ET Q q 0 0 0 rg BT 400.04 165.15 Td (products ) Tj ET Q q 0 0 0 rg BT 438.07 165.15 Td (from ) Tj ET Q q 0 0 0 rg BT 461.10 165.15 Td (many ) Tj ET Q q 0 0 0 rg BT 486.90 165.15 Td (dif) Tj ET Q q 0 0 0 rg BT 497.83 165.15 Td (ferent ) Tj ET Q q 0 0 0 rg BT 524.74 165.15 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.15 Td (investors. ) Tj ET Q q 0 0 0 rg BT 91.34 153.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 110.12 153.15 Td (product ) Tj ET Q q 0 0 0 rg BT 143.19 153.15 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 179.20 153.15 Td (Market ) Tj ET Q q 0 0 0 rg BT 211.31 153.15 Td (Clarity ) Tj ET Q q 0 0 0 rg BT 249.91 153.15 Td (enables ) Tj ET Q q 0 0 0 rg BT 283.13 153.15 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 324.12 153.15 Td (originators ) Tj ET Q q 0 0 0 rg BT 370.68 153.15 Td (to ) Tj ET Q q 0 0 0 rg BT 381.69 153.15 Td (search ) Tj ET Q q 0 0 0 rg BT 410.46 153.15 Td (across ) Tj ET Q q 0 0 0 rg BT 438.68 153.15 Td (these ) Tj ET Q q 0 0 0 rg BT 462.46 153.15 Td (numerous ) Tj ET Q q 0 0 0 rg BT 505.13 153.15 Td (loan ) Tj ET Q q 0 0 0 rg BT 525.57 153.15 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (allowing ) Tj ET Q q 0 0 0 rg BT 87.00 141.15 Td (them ) Tj ET Q q 0 0 0 rg BT 109.49 141.15 Td (to ) Tj ET Q q 0 0 0 rg BT 119.77 141.15 Td (select ) Tj ET Q q 0 0 0 rg BT 145.03 141.15 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 193.06 141.15 Td (loan ) Tj ET Q q 0 0 0 rg BT 212.78 141.15 Td (programs ) Tj ET Q q 0 0 0 rg BT 253.05 141.15 Td (for ) Tj ET Q q 0 0 0 rg BT 267.21 141.15 Td (their ) Tj ET Q q 0 0 0 rg BT 288.04 141.15 Td (borrowers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 119.25 Td (Resear) Tj ET Q q 0 0 0 rg BT 76.90 119.25 Td (ch ) Tj ET Q q 0 0 0 rg BT 87.81 119.25 Td (& ) Tj ET Q q 0 0 0 rg BT 97.06 119.25 Td (Refer) Tj ET Q q 0 0 0 rg BT 118.34 119.25 Td (ence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.66 119.25 Td (: ) Tj ET Q q 0 0 0 rg BT 140.80 119.25 Td (W) Tj ET Q q 0 0 0 rg BT 149.44 119.25 Td (e ) Tj ET Q q 0 0 0 rg BT 155.35 119.25 Td (of) Tj ET Q q 0 0 0 rg BT 163.50 119.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 176.07 119.25 Td (access ) Tj ET Q q 0 0 0 rg BT 203.08 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.33 119.25 Td (a ) Tj ET Q q 0 0 0 rg BT 218.24 119.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 280.25 119.25 Td (online ) Tj ET Q q 0 0 0 rg BT 306.71 119.25 Td (database ) Tj ET Q q 0 0 0 rg BT 342.61 119.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 384.64 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.44 119.25 Td (thousands ) Tj ET Q q 0 0 0 rg BT 435.91 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.71 119.25 Td (government ) Tj ET Q q 0 0 0 rg BT 494.95 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.86 119.25 Td (conventional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 81.90 107.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 125.40 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.24 107.25 Td (forms, ) Tj ET Q q 0 0 0 rg BT 170.48 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 181.21 107.25 Td (well ) Tj ET Q q 0 0 0 rg BT 200.83 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 211.56 107.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 241.72 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.56 107.25 Td (state ) Tj ET Q q 0 0 0 rg BT 279.29 107.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 300.02 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.86 107.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 366.02 107.25 Td (W) Tj ET Q q 0 0 0 rg BT 374.66 107.25 Td (e ) Tj ET Q q 0 0 0 rg BT 381.50 107.25 Td (also ) Tj ET Q q 0 0 0 rg BT 400.01 107.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 432.96 107.25 Td (access ) Tj ET Q q 0 0 0 rg BT 460.90 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.08 107.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 501.24 107.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 548.08 107.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 74.55 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.72 95.25 Td (state ) Tj ET Q q 0 0 0 rg BT 110.76 95.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 158.58 95.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 198.06 95.25 Td (including ) Tj ET Q q 0 0 0 rg BT 237.56 95.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 271.50 95.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 314.88 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.04 95.25 Td (email ) Tj ET Q q 0 0 0 rg BT 354.98 95.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 387.25 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.41 95.25 Td (we ) Tj ET Q q 0 0 0 rg BT 416.79 95.25 Td (are ) Tj ET Q q 0 0 0 rg BT 430.73 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.67 95.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 484.15 95.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 525.30 95.25 Td (publisher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.03 83.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 106.24 83.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 127.00 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.43 83.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 177.97 83.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 198.73 83.25 Td (Single ) Tj ET Q q 0 0 0 rg BT 227.28 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.71 83.25 Td (Multi-Family ) Tj ET Q q 0 0 0 rg BT 301.59 83.25 Td (Seller/Servicer ) Tj ET Q q 0 0 0 rg BT 364.01 83.25 Td (Guides ) Tj ET Q q 0 0 0 rg BT 395.33 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.76 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.97 83.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 460.95 83.25 Td (Home ) Tj ET Q q 0 0 0 rg BT 488.38 83.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 511.92 83.25 Td (Banks) Tj ET Q q 0 0 0 rg BT 539.50 83.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.50 83.25 Td (MPF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.25 Td (Program ) Tj ET Q q 0 0 0 rg BT 86.44 71.25 Td (Guidelines.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Sales, ) Tj ET Q q 0 0 0 rg BT 76.17 740.25 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 124.22 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.84 740.25 Td (Customer) Tj ET Q q 0 0 0 rg BT 184.87 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.37 740.25 Td (Support) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 718.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.04 718.35 Td (sales ) Tj ET Q q 0 0 0 rg BT 113.47 718.35 Td (force ) Tj ET Q q 0 0 0 rg BT 137.00 718.35 Td (consists ) Tj ET Q q 0 0 0 rg BT 171.67 718.35 Td (of ) Tj ET Q q 0 0 0 rg BT 182.99 718.35 Td (four ) Tj ET Q q 0 0 0 rg BT 202.64 718.35 Td (distinct ) Tj ET Q q 0 0 0 rg BT 235.08 718.35 Td (teams ) Tj ET Q q 0 0 0 rg BT 261.39 718.35 Td (who ) Tj ET Q q 0 0 0 rg BT 281.61 718.35 Td (are ) Tj ET Q q 0 0 0 rg BT 296.81 718.35 Td (deployed ) Tj ET Q q 0 0 0 rg BT 336.45 718.35 Td (across ) Tj ET Q q 0 0 0 rg BT 364.44 718.35 Td (the ) Tj ET Q q 0 0 0 rg BT 379.65 718.35 Td (country ) Tj ET Q q 0 0 0 rg BT 413.18 718.35 Td (in ) Tj ET Q q 0 0 0 rg BT 423.96 718.35 Td (Sales ) Tj ET Q q 0 0 0 rg BT 448.06 718.35 Td (Development, ) Tj ET Q q 0 0 0 rg BT 507.42 718.35 Td (New ) Tj ET Q q 0 0 0 rg BT 528.63 718.35 Td (Account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.35 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 100.43 706.35 Td (Solution ) Tj ET Q q 0 0 0 rg BT 136.08 706.35 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 186.72 706.35 Td (and ) Tj ET Q q 0 0 0 rg BT 202.53 706.35 Td (Account ) Tj ET Q q 0 0 0 rg BT 238.17 706.35 Td (Management. ) Tj ET Q q 0 0 0 rg BT 294.50 706.35 Td (These ) Tj ET Q q 0 0 0 rg BT 320.14 706.35 Td (teams ) Tj ET Q q 0 0 0 rg BT 345.23 706.35 Td (manage ) Tj ET Q q 0 0 0 rg BT 378.09 706.35 Td (our ) Tj ET Q q 0 0 0 rg BT 393.18 706.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 431.59 706.35 Td (accounts ) Tj ET Q q 0 0 0 rg BT 468.34 706.35 Td (and ) Tj ET Q q 0 0 0 rg BT 484.54 706.35 Td (focus ) Tj ET Q q 0 0 0 rg BT 507.96 706.35 Td (on ) Tj ET Q q 0 0 0 rg BT 519.73 706.35 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.35 Td (to ) Tj ET Q q 0 0 0 rg BT 59.91 694.35 Td (expand ) Tj ET Q q 0 0 0 rg BT 91.42 694.35 Td (the ) Tj ET Q q 0 0 0 rg BT 106.27 694.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 145.56 694.35 Td (base. ) Tj ET Q q 0 0 0 rg BT 168.46 694.35 Td ( ) Tj ET Q q 0 0 0 rg BT 170.91 694.35 Td (They ) Tj ET Q q 0 0 0 rg BT 194.09 694.35 Td (encourage ) Tj ET Q q 0 0 0 rg BT 237.80 694.35 Td (adoption ) Tj ET Q q 0 0 0 rg BT 275.43 694.35 Td (of ) Tj ET Q q 0 0 0 rg BT 286.39 694.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.24 694.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 322.76 694.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 343.16 694.35 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 694.35 Td (, ) Tj ET Q q 0 0 0 rg BT 383.29 694.35 Td (manage ) Tj ET Q q 0 0 0 rg BT 417.01 694.35 Td (new ) Tj ET Q q 0 0 0 rg BT 436.31 694.35 Td (product ) Tj ET Q q 0 0 0 rg BT 469.49 694.35 Td (introductions ) Tj ET Q q 0 0 0 rg BT 524.89 694.35 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 694.35 Td (cross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.35 Td (sell ) Tj ET Q q 0 0 0 rg BT 65.89 682.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 104.50 682.35 Td (added ) Tj ET Q q 0 0 0 rg BT 130.88 682.35 Td (to ) Tj ET Q q 0 0 0 rg BT 141.16 682.35 Td (our ) Tj ET Q q 0 0 0 rg BT 156.99 682.35 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 194.49 682.35 Td (as ) Tj ET Q q 0 0 0 rg BT 205.32 682.35 Td (a ) Tj ET Q q 0 0 0 rg BT 212.25 682.35 Td (result ) Tj ET Q q 0 0 0 rg BT 236.97 682.35 Td (of ) Tj ET Q q 0 0 0 rg BT 247.80 682.35 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 660.45 Td (T) Tj ET Q q 0 0 0 rg BT 77.91 660.45 Td (o ) Tj ET Q q 0 0 0 rg BT 85.51 660.45 Td (build ) Tj ET Q q 0 0 0 rg BT 108.66 660.45 Td (brand ) Tj ET Q q 0 0 0 rg BT 134.02 660.45 Td (awareness ) Tj ET Q q 0 0 0 rg BT 177.71 660.45 Td (and ) Tj ET Q q 0 0 0 rg BT 194.74 660.45 Td (generate ) Tj ET Q q 0 0 0 rg BT 231.20 660.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 253.23 660.45 Td (leads, ) Tj ET Q q 0 0 0 rg BT 278.87 660.45 Td (we ) Tj ET Q q 0 0 0 rg BT 293.13 660.45 Td (conduct ) Tj ET Q q 0 0 0 rg BT 327.38 660.45 Td (direct ) Tj ET Q q 0 0 0 rg BT 352.74 660.45 Td (marketing ) Tj ET Q q 0 0 0 rg BT 395.87 660.45 Td (campaigns, ) Tj ET Q q 0 0 0 rg BT 443.73 660.45 Td (web-based ) Tj ET Q q 0 0 0 rg BT 489.09 660.45 Td (workshops, ) Tj ET Q q 0 0 0 rg BT 537.52 660.45 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.45 Td (relations ) Tj ET Q q 0 0 0 rg BT 86.02 648.45 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 130.87 648.45 Td (and ) Tj ET Q q 0 0 0 rg BT 147.40 648.45 Td (media ) Tj ET Q q 0 0 0 rg BT 173.92 648.45 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 222.79 648.45 Td (W) Tj ET Q q 0 0 0 rg BT 231.43 648.45 Td (e ) Tj ET Q q 0 0 0 rg BT 237.95 648.45 Td (attend ) Tj ET Q q 0 0 0 rg BT 264.47 648.45 Td (and ) Tj ET Q q 0 0 0 rg BT 281.00 648.45 Td (sponsor ) Tj ET Q q 0 0 0 rg BT 314.20 648.45 Td (many ) Tj ET Q q 0 0 0 rg BT 338.50 648.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 378.36 648.45 Td (and ) Tj ET Q q 0 0 0 rg BT 394.88 648.45 Td (banking ) Tj ET Q q 0 0 0 rg BT 429.19 648.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 464.05 648.45 Td (conferences ) Tj ET Q q 0 0 0 rg BT 513.88 648.45 Td (and ) Tj ET Q q 0 0 0 rg BT 530.41 648.45 Td (host ) Tj ET Q q 0 0 0 rg BT 549.17 648.45 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.45 Td (own ) Tj ET Q q 0 0 0 rg BT 69.22 636.45 Td (user ) Tj ET Q q 0 0 0 rg BT 88.38 636.45 Td (summit ) Tj ET Q q 0 0 0 rg BT 120.89 636.45 Td (to ) Tj ET Q q 0 0 0 rg BT 131.17 636.45 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 175.32 636.45 Td (our ) Tj ET Q q 0 0 0 rg BT 191.15 636.45 Td (brand ) Tj ET Q q 0 0 0 rg BT 216.42 636.45 Td (and ) Tj ET Q q 0 0 0 rg BT 233.36 636.45 Td (broaden ) Tj ET Q q 0 0 0 rg BT 268.06 636.45 Td (the ) Tj ET Q q 0 0 0 rg BT 282.78 636.45 Td (business ) Tj ET Q q 0 0 0 rg BT 319.17 636.45 Td (within ) Tj ET Q q 0 0 0 rg BT 347.23 636.45 Td (our ) Tj ET Q q 0 0 0 rg BT 363.06 636.45 Td (customer ) Tj ET Q q 0 0 0 rg BT 402.21 636.45 Td (base.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 614.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.88 614.55 Td (implementation ) Tj ET Q q 0 0 0 rg BT 156.47 614.55 Td (and ) Tj ET Q q 0 0 0 rg BT 173.73 614.55 Td (support ) Tj ET Q q 0 0 0 rg BT 206.56 614.55 Td (teams ) Tj ET Q q 0 0 0 rg BT 232.71 614.55 Td (promote ) Tj ET Q q 0 0 0 rg BT 268.86 614.55 Td (best ) Tj ET Q q 0 0 0 rg BT 287.80 614.55 Td (practices-based ) Tj ET Q q 0 0 0 rg BT 352.25 614.55 Td (implementations ) Tj ET Q q 0 0 0 rg BT 421.73 614.55 Td (to ) Tj ET Q q 0 0 0 rg BT 432.34 614.55 Td (allow ) Tj ET Q q 0 0 0 rg BT 457.38 614.55 Td (customers ) Tj ET Q q 0 0 0 rg BT 500.75 614.55 Td (to ) Tj ET Q q 0 0 0 rg BT 511.36 614.55 Td (support ) Tj ET Q q 0 0 0 rg BT 544.19 614.55 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.55 Td (preferred ) Tj ET Q q 0 0 0 rg BT 87.45 602.55 Td (work ) Tj ET Q q 0 0 0 rg BT 109.31 602.55 Td (flows ) Tj ET Q q 0 0 0 rg BT 132.85 602.55 Td (and ) Tj ET Q q 0 0 0 rg BT 148.60 602.55 Td (integrate ) Tj ET Q q 0 0 0 rg BT 184.89 602.55 Td (with ) Tj ET Q q 0 0 0 rg BT 203.98 602.55 Td (other ) Tj ET Q q 0 0 0 rg BT 225.84 602.55 Td (critical ) Tj ET Q q 0 0 0 rg BT 254.91 602.55 Td (systems ) Tj ET Q q 0 0 0 rg BT 287.89 602.55 Td (while ) Tj ET Q q 0 0 0 rg BT 311.42 602.55 Td (improving ) Tj ET Q q 0 0 0 rg BT 354.40 602.55 Td (productivity ) Tj ET Q q 0 0 0 rg BT 404.60 602.55 Td (and ) Tj ET Q q 0 0 0 rg BT 420.35 602.55 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 456.10 602.55 Td (that ) Tj ET Q q 0 0 0 rg BT 472.41 602.55 Td (they ) Tj ET Q q 0 0 0 rg BT 490.93 602.55 Td (remain ) Tj ET Q q 0 0 0 rg BT 520.01 602.55 Td (compliant. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.32 590.55 Td (support ) Tj ET Q q 0 0 0 rg BT 99.59 590.55 Td (and ) Tj ET Q q 0 0 0 rg BT 116.29 590.55 Td (training ) Tj ET Q q 0 0 0 rg BT 149.67 590.55 Td (teams ) Tj ET Q q 0 0 0 rg BT 175.26 590.55 Td (of) Tj ET Q q 0 0 0 rg BT 183.41 590.55 Td (fer ) Tj ET Q q 0 0 0 rg BT 196.78 590.55 Td (live ) Tj ET Q q 0 0 0 rg BT 214.04 590.55 Td (and ) Tj ET Q q 0 0 0 rg BT 230.75 590.55 Td (online ) Tj ET Q q 0 0 0 rg BT 258.01 590.55 Td (technical ) Tj ET Q q 0 0 0 rg BT 296.37 590.55 Td (support ) Tj ET Q q 0 0 0 rg BT 328.63 590.55 Td (and ) Tj ET Q q 0 0 0 rg BT 345.34 590.55 Td (product ) Tj ET Q q 0 0 0 rg BT 378.15 590.55 Td (training. ) Tj ET Q q 0 0 0 rg BT 414.03 590.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 431.85 590.55 Td (product ) Tj ET Q q 0 0 0 rg BT 464.66 590.55 Td (training ) Tj ET Q q 0 0 0 rg BT 498.03 590.55 Td (catalog ) Tj ET Q q 0 0 0 rg BT 529.17 590.55 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.55 Td (a ) Tj ET Q q 0 0 0 rg BT 56.40 578.55 Td (variety ) Tj ET Q q 0 0 0 rg BT 86.63 578.55 Td (of ) Tj ET Q q 0 0 0 rg BT 97.43 578.55 Td (training ) Tj ET Q q 0 0 0 rg BT 131.00 578.55 Td (programs ) Tj ET Q q 0 0 0 rg BT 171.23 578.55 Td (including ) Tj ET Q q 0 0 0 rg BT 211.47 578.55 Td (product ) Tj ET Q q 0 0 0 rg BT 244.49 578.55 Td (certification ) Tj ET Q q 0 0 0 rg BT 295.26 578.55 Td (programs, ) Tj ET Q q 0 0 0 rg BT 337.99 578.55 Td (in-field ) Tj ET Q q 0 0 0 rg BT 369.89 578.55 Td (custom ) Tj ET Q q 0 0 0 rg BT 401.24 578.55 Td (seminars ) Tj ET Q q 0 0 0 rg BT 439.26 578.55 Td (for ) Tj ET Q q 0 0 0 rg BT 453.38 578.55 Td (lar) Tj ET Q q 0 0 0 rg BT 463.75 578.55 Td (ger ) Tj ET Q q 0 0 0 rg BT 478.98 578.55 Td (groups ) Tj ET Q q 0 0 0 rg BT 508.67 578.55 Td (of ) Tj ET Q q 0 0 0 rg BT 519.47 578.55 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.55 Td (live ) Tj ET Q q 0 0 0 rg BT 67.26 566.55 Td (or ) Tj ET Q q 0 0 0 rg BT 78.36 566.55 Td (recorded ) Tj ET Q q 0 0 0 rg BT 116.10 566.55 Td (on-line ) Tj ET Q q 0 0 0 rg BT 147.20 566.55 Td (webinars ) Tj ET Q q 0 0 0 rg BT 186.06 566.55 Td (to ) Tj ET Q q 0 0 0 rg BT 196.61 566.55 Td (assist ) Tj ET Q q 0 0 0 rg BT 221.05 566.55 Td (customers ) Tj ET Q q 0 0 0 rg BT 264.36 566.55 Td (in ) Tj ET Q q 0 0 0 rg BT 274.91 566.55 Td (conducting ) Tj ET Q q 0 0 0 rg BT 322.11 566.55 Td (a ) Tj ET Q q 0 0 0 rg BT 329.31 566.55 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 369.84 566.55 Td (business ) Tj ET Q q 0 0 0 rg BT 406.50 566.55 Td (in ) Tj ET Q q 0 0 0 rg BT 417.05 566.55 Td (general ) Tj ET Q q 0 0 0 rg BT 449.24 566.55 Td (and ) Tj ET Q q 0 0 0 rg BT 466.45 566.55 Td (in ) Tj ET Q q 0 0 0 rg BT 476.99 566.55 Td (using ) Tj ET Q q 0 0 0 rg BT 501.43 566.55 Td (our ) Tj ET Q q 0 0 0 rg BT 517.53 566.55 Td (products ) Tj ET Q q 0 0 0 rg BT 554.73 566.55 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.55 Td (particular) Tj ET Q q 0 0 0 rg BT 87.41 554.55 Td (, ) Tj ET Q q 0 0 0 rg BT 92.41 554.55 Td (and ) Tj ET Q q 0 0 0 rg BT 109.35 554.55 Td (in-product ) Tj ET Q q 0 0 0 rg BT 153.50 554.55 Td (and ) Tj ET Q q 0 0 0 rg BT 170.44 554.55 Td (training ) Tj ET Q q 0 0 0 rg BT 204.05 554.55 Td (videos ) Tj ET Q q 0 0 0 rg BT 232.65 554.55 Td (to ) Tj ET Q q 0 0 0 rg BT 242.93 554.55 Td (allow ) Tj ET Q q 0 0 0 rg BT 267.65 554.55 Td (training ) Tj ET Q q 0 0 0 rg BT 301.25 554.55 Td (on ) Tj ET Q q 0 0 0 rg BT 313.75 554.55 Td (demand.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 528.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 528.25 Td (echnology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 506.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.55 506.35 Td (technology ) Tj ET Q q 0 0 0 rg BT 137.49 506.35 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 193.85 506.35 Td (supports ) Tj ET Q q 0 0 0 rg BT 230.24 506.35 Td (all ) Tj ET Q q 0 0 0 rg BT 242.73 506.35 Td (of ) Tj ET Q q 0 0 0 rg BT 253.56 506.35 Td (our ) Tj ET Q q 0 0 0 rg BT 269.39 506.35 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 316.88 506.35 Td (products ) Tj ET Q q 0 0 0 rg BT 353.82 506.35 Td (and ) Tj ET Q q 0 0 0 rg BT 370.76 506.35 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 480.05 Td (Data ) Tj ET Q q 0 0 0 rg BT 74.00 480.05 Td (Centers ) Tj ET Q q 0 0 0 rg BT 107.61 480.05 Td (and ) Tj ET Q q 0 0 0 rg BT 125.11 480.05 Td (Network ) Tj ET Q q 0 0 0 rg BT 161.31 480.05 Td (Access) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 463.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.06 463.65 Td (primary ) Tj ET Q q 0 0 0 rg BT 125.73 463.65 Td (data ) Tj ET Q q 0 0 0 rg BT 145.39 463.65 Td (centers ) Tj ET Q q 0 0 0 rg BT 176.71 463.65 Td (are ) Tj ET Q q 0 0 0 rg BT 191.93 463.65 Td (hosted ) Tj ET Q q 0 0 0 rg BT 221.05 463.65 Td (by ) Tj ET Q q 0 0 0 rg BT 234.06 463.65 Td (a ) Tj ET Q q 0 0 0 rg BT 241.51 463.65 Td (leading ) Tj ET Q q 0 0 0 rg BT 273.95 463.65 Td (SOC ) Tj ET Q q 0 0 0 rg BT 296.41 463.65 Td (1/SSAE-16 ) Tj ET Q q 0 0 0 rg BT 344.76 463.65 Td (T) Tj ET Q q 0 0 0 rg BT 350.17 463.65 Td (ype ) Tj ET Q q 0 0 0 rg BT 367.62 463.65 Td (II ) Tj ET Q q 0 0 0 rg BT 377.29 463.65 Td (certified ) Tj ET Q q 0 0 0 rg BT 413.61 463.65 Td (provider ) Tj ET Q q 0 0 0 rg BT 450.50 463.65 Td (of ) Tj ET Q q 0 0 0 rg BT 461.84 463.65 Td (hosting ) Tj ET Q q 0 0 0 rg BT 494.29 463.65 Td (services ) Tj ET Q q 0 0 0 rg BT 529.51 463.65 Td (in ) Tj ET Q q 0 0 0 rg BT 540.30 463.65 Td (Santa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.65 Td (Clara, ) Tj ET Q q 0 0 0 rg BT 76.04 451.65 Td (California ) Tj ET Q q 0 0 0 rg BT 118.96 451.65 Td (and ) Tj ET Q q 0 0 0 rg BT 135.78 451.65 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 173.99 451.65 Td (Illinois. ) Tj ET Q q 0 0 0 rg BT 206.68 451.65 Td (All ) Tj ET Q q 0 0 0 rg BT 221.85 451.65 Td (applications ) Tj ET Q q 0 0 0 rg BT 272.55 451.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 310.48 451.65 Td (by ) Tj ET Q q 0 0 0 rg BT 322.86 451.65 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 344.13 451.65 Td (Mae ) Tj ET Q q 0 0 0 rg BT 364.28 451.65 Td (will ) Tj ET Q q 0 0 0 rg BT 382.22 451.65 Td (run ) Tj ET Q q 0 0 0 rg BT 397.93 451.65 Td (actively ) Tj ET Q q 0 0 0 rg BT 431.96 451.65 Td (in ) Tj ET Q q 0 0 0 rg BT 442.12 451.65 Td (either ) Tj ET Q q 0 0 0 rg BT 467.27 451.65 Td (of ) Tj ET Q q 0 0 0 rg BT 477.98 451.65 Td (these ) Tj ET Q q 0 0 0 rg BT 500.91 451.65 Td (two ) Tj ET Q q 0 0 0 rg BT 518.30 451.65 Td (sites ) Tj ET Q q 0 0 0 rg BT 538.46 451.65 Td (at ) Tj ET Q q 0 0 0 rg BT 548.06 451.65 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.65 Td (time. ) Tj ET Q q 0 0 0 rg BT 73.12 439.65 Td (During ) Tj ET Q q 0 0 0 rg BT 104.80 439.65 Td (2012, ) Tj ET Q q 0 0 0 rg BT 130.65 439.65 Td (we ) Tj ET Q q 0 0 0 rg BT 145.65 439.65 Td (performed ) Tj ET Q q 0 0 0 rg BT 190.65 439.65 Td (a ) Tj ET Q q 0 0 0 rg BT 198.43 439.65 Td (complete ) Tj ET Q q 0 0 0 rg BT 238.43 439.65 Td (refresh ) Tj ET Q q 0 0 0 rg BT 269.53 439.65 Td (of ) Tj ET Q q 0 0 0 rg BT 281.21 439.65 Td (our ) Tj ET Q q 0 0 0 rg BT 297.89 439.65 Td (data ) Tj ET Q q 0 0 0 rg BT 317.89 439.65 Td (centers ) Tj ET Q q 0 0 0 rg BT 349.55 439.65 Td (and ) Tj ET Q q 0 0 0 rg BT 367.34 439.65 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 424.55 439.65 Td (to ) Tj ET Q q 0 0 0 rg BT 435.67 439.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 471.78 439.65 Td (reliability) Tj ET Q q 0 0 0 rg BT 510.00 439.65 Td (, ) Tj ET Q q 0 0 0 rg BT 515.85 439.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 538.63 439.65 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.65 Td (scalability ) Tj ET Q q 0 0 0 rg BT 92.33 427.65 Td (needs ) Tj ET Q q 0 0 0 rg BT 116.82 427.65 Td (and ) Tj ET Q q 0 0 0 rg BT 132.99 427.65 Td (support ) Tj ET Q q 0 0 0 rg BT 164.72 427.65 Td (the ) Tj ET Q q 0 0 0 rg BT 178.66 427.65 Td (product ) Tj ET Q q 0 0 0 rg BT 210.93 427.65 Td (roadmap ) Tj ET Q q 0 0 0 rg BT 247.65 427.65 Td (going ) Tj ET Q q 0 0 0 rg BT 272.15 427.65 Td (forward. ) Tj ET Q q 0 0 0 rg BT 307.91 427.65 Td (This ) Tj ET Q q 0 0 0 rg BT 327.41 427.65 Td (ef) Tj ET Q q 0 0 0 rg BT 335.00 427.65 Td (fort ) Tj ET Q q 0 0 0 rg BT 351.17 427.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 402.88 427.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 442.37 427.65 Td (overall ) Tj ET Q q 0 0 0 rg BT 471.86 427.65 Td (systems ) Tj ET Q q 0 0 0 rg BT 505.25 427.65 Td (capacity ) Tj ET Q q 0 0 0 rg BT 540.29 427.65 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.65 Td (adopting ) Tj ET Q q 0 0 0 rg BT 86.33 415.65 Td (industry ) Tj ET Q q 0 0 0 rg BT 120.94 415.65 Td (standard ) Tj ET Q q 0 0 0 rg BT 156.64 415.65 Td (certified ) Tj ET Q q 0 0 0 rg BT 191.79 415.65 Td (design ) Tj ET Q q 0 0 0 rg BT 219.72 415.65 Td (which ) Tj ET Q q 0 0 0 rg BT 245.99 415.65 Td (is ) Tj ET Q q 0 0 0 rg BT 254.50 415.65 Td (independently ) Tj ET Q q 0 0 0 rg BT 312.98 415.65 Td (audited ) Tj ET Q q 0 0 0 rg BT 344.24 415.65 Td (for ) Tj ET Q q 0 0 0 rg BT 357.73 415.65 Td (security ) Tj ET Q q 0 0 0 rg BT 391.22 415.65 Td (and ) Tj ET Q q 0 0 0 rg BT 407.49 415.65 Td (scalability) Tj ET Q q 0 0 0 rg BT 447.94 415.65 Td (. ) Tj ET Q q 0 0 0 rg BT 452.14 415.65 Td (W) Tj ET Q q 0 0 0 rg BT 460.77 415.65 Td (e ) Tj ET Q q 0 0 0 rg BT 467.04 415.65 Td (continued ) Tj ET Q q 0 0 0 rg BT 508.31 415.65 Td (to ) Tj ET Q q 0 0 0 rg BT 517.92 415.65 Td (add ) Tj ET Q q 0 0 0 rg BT 534.19 415.65 Td (servers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 403.65 Td (storage ) Tj ET Q q 0 0 0 rg BT 97.82 403.65 Td (capacity ) Tj ET Q q 0 0 0 rg BT 133.63 403.65 Td (during ) Tj ET Q q 0 0 0 rg BT 162.23 403.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 184.73 403.65 Td (and ) Tj ET Q q 0 0 0 rg BT 201.67 403.65 Td (2014 ) Tj ET Q q 0 0 0 rg BT 224.17 403.65 Td (and ) Tj ET Q q 0 0 0 rg BT 241.11 403.65 Td (we ) Tj ET Q q 0 0 0 rg BT 255.27 403.65 Td (have ) Tj ET Q q 0 0 0 rg BT 276.65 403.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 321.36 403.65 Td (updates ) Tj ET Q q 0 0 0 rg BT 354.41 403.65 Td (planned ) Tj ET Q q 0 0 0 rg BT 388.56 403.65 Td (for ) Tj ET Q q 0 0 0 rg BT 402.72 403.65 Td (both ) Tj ET Q q 0 0 0 rg BT 423.00 403.65 Td (data ) Tj ET Q q 0 0 0 rg BT 442.16 403.65 Td (centers ) Tj ET Q q 0 0 0 rg BT 472.97 403.65 Td (during ) Tj ET Q q 0 0 0 rg BT 501.58 403.65 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 381.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 381.75 Td (data ) Tj ET Q q 0 0 0 rg BT 109.32 381.75 Td (centers ) Tj ET Q q 0 0 0 rg BT 139.94 381.75 Td (host ) Tj ET Q q 0 0 0 rg BT 158.92 381.75 Td (all ) Tj ET Q q 0 0 0 rg BT 171.23 381.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.86 381.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.39 381.75 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 217.58 381.75 Td (Mae ) Tj ET Q q 0 0 0 rg BT 237.66 381.75 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 381.75 Td ( ) Tj ET Q q 0 0 0 rg BT 274.96 381.75 Td (services ) Tj ET Q q 0 0 0 rg BT 309.47 381.75 Td (and ) Tj ET Q q 0 0 0 rg BT 326.22 381.75 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 348.53 381.75 Td (versions ) Tj ET Q q 0 0 0 rg BT 384.17 381.75 Td (of ) Tj ET Q q 0 0 0 rg BT 394.80 381.75 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 444.99 381.75 Td (The ) Tj ET Q q 0 0 0 rg BT 462.85 381.75 Td (data ) Tj ET Q q 0 0 0 rg BT 481.81 381.75 Td (centers ) Tj ET Q q 0 0 0 rg BT 512.44 381.75 Td (are ) Tj ET Q q 0 0 0 rg BT 526.95 381.75 Td (designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.75 Td (with ) Tj ET Q q 0 0 0 rg BT 70.46 369.75 Td (fault ) Tj ET Q q 0 0 0 rg BT 91.96 369.75 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 131.78 369.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 175.50 369.75 Td (for ) Tj ET Q q 0 0 0 rg BT 190.33 369.75 Td (all ) Tj ET Q q 0 0 0 rg BT 203.51 369.75 Td (layers ) Tj ET Q q 0 0 0 rg BT 230.56 369.75 Td (of ) Tj ET Q q 0 0 0 rg BT 242.07 369.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.46 369.75 Td (platform ) Tj ET Q q 0 0 0 rg BT 295.08 369.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.69 369.75 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 372.23 369.75 Td (including ) Tj ET Q q 0 0 0 rg BT 413.18 369.75 Td (routers, ) Tj ET Q q 0 0 0 rg BT 446.63 369.75 Td (switches, ) Tj ET Q q 0 0 0 rg BT 486.75 369.75 Td (load ) Tj ET Q q 0 0 0 rg BT 507.14 369.75 Td (balancers ) Tj ET Q q 0 0 0 rg BT 548.07 369.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.75 Td (firewalls, ) Tj ET Q q 0 0 0 rg BT 89.74 357.75 Td (as ) Tj ET Q q 0 0 0 rg BT 100.83 357.75 Td (well ) Tj ET Q q 0 0 0 rg BT 120.81 357.75 Td (as ) Tj ET Q q 0 0 0 rg BT 131.89 357.75 Td (the ) Tj ET Q q 0 0 0 rg BT 146.87 357.75 Td (web ) Tj ET Q q 0 0 0 rg BT 166.29 357.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.48 357.75 Td (application ) Tj ET Q q 0 0 0 rg BT 230.67 357.75 Td (services ) Tj ET Q q 0 0 0 rg BT 265.63 357.75 Td (and ) Tj ET Q q 0 0 0 rg BT 282.83 357.75 Td (backend ) Tj ET Q q 0 0 0 rg BT 318.90 357.75 Td (database ) Tj ET Q q 0 0 0 rg BT 356.08 357.75 Td (connections. ) Tj ET Q q 0 0 0 rg BT 409.11 357.75 Td (In ) Tj ET Q q 0 0 0 rg BT 420.19 357.75 Td (the ) Tj ET Q q 0 0 0 rg BT 435.17 357.75 Td (event ) Tj ET Q q 0 0 0 rg BT 459.58 357.75 Td (of ) Tj ET Q q 0 0 0 rg BT 470.67 357.75 Td (a ) Tj ET Q q 0 0 0 rg BT 477.87 357.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 517.27 357.75 Td (site ) Tj ET Q q 0 0 0 rg BT 533.92 357.75 Td (failure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.75 Td (such ) Tj ET Q q 0 0 0 rg BT 70.15 345.75 Td (as ) Tj ET Q q 0 0 0 rg BT 80.80 345.75 Td (may ) Tj ET Q q 0 0 0 rg BT 100.34 345.75 Td (occur ) Tj ET Q q 0 0 0 rg BT 124.87 345.75 Td (in ) Tj ET Q q 0 0 0 rg BT 134.97 345.75 Td (the ) Tj ET Q q 0 0 0 rg BT 149.51 345.75 Td (event ) Tj ET Q q 0 0 0 rg BT 173.49 345.75 Td (of ) Tj ET Q q 0 0 0 rg BT 184.14 345.75 Td (a ) Tj ET Q q 0 0 0 rg BT 190.90 345.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 225.98 345.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 256.07 345.75 Td (disaster) Tj ET Q q 0 0 0 rg BT 286.22 345.75 Td (, ) Tj ET Q q 0 0 0 rg BT 291.04 345.75 Td (all ) Tj ET Q q 0 0 0 rg BT 303.35 345.75 Td (of ) Tj ET Q q 0 0 0 rg BT 314.01 345.75 Td (the ) Tj ET Q q 0 0 0 rg BT 328.55 345.75 Td (services ) Tj ET Q q 0 0 0 rg BT 363.07 345.75 Td (in ) Tj ET Q q 0 0 0 rg BT 373.17 345.75 Td (a ) Tj ET Q q 0 0 0 rg BT 379.93 345.75 Td (site ) Tj ET Q q 0 0 0 rg BT 396.14 345.75 Td (can ) Tj ET Q q 0 0 0 rg BT 412.34 345.75 Td (be ) Tj ET Q q 0 0 0 rg BT 424.10 345.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 465.84 345.75 Td (to ) Tj ET Q q 0 0 0 rg BT 475.94 345.75 Td (the ) Tj ET Q q 0 0 0 rg BT 490.48 345.75 Td (other ) Tj ET Q q 0 0 0 rg BT 513.35 345.75 Td (site ) Tj ET Q q 0 0 0 rg BT 529.55 345.75 Td (as ) Tj ET Q q 0 0 0 rg BT 540.21 345.75 Td (a ) Tj ET Q q 0 0 0 rg BT 546.97 345.75 Td (part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 333.75 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 333.75 Td (disaster ) Tj ET Q q 0 0 0 rg BT 109.21 333.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 146.68 333.75 Td (strategy) Tj ET Q q 0 0 0 rg BT 177.69 333.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 307.45 Td (Network ) Tj ET Q q 0 0 0 rg BT 87.89 307.45 Td (Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 291.05 Td (All ) Tj ET Q q 0 0 0 rg BT 88.45 291.05 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 126.62 291.05 Td (data ) Tj ET Q q 0 0 0 rg BT 146.45 291.05 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 194.61 291.05 Td (over ) Tj ET Q q 0 0 0 rg BT 215.56 291.05 Td (public ) Tj ET Q q 0 0 0 rg BT 243.73 291.05 Td (networks ) Tj ET Q q 0 0 0 rg BT 283.56 291.05 Td (is ) Tj ET Q q 0 0 0 rg BT 293.40 291.05 Td (encrypted ) Tj ET Q q 0 0 0 rg BT 336.00 291.05 Td (using ) Tj ET Q q 0 0 0 rg BT 360.84 291.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 396.80 291.05 Td (standardencryption ) Tj ET Q q 0 0 0 rg BT 479.11 291.05 Td (protocols ) Tj ET Q q 0 0 0 rg BT 519.50 291.05 Td (in ) Tj ET Q q 0 0 0 rg BT 530.45 291.05 Td (order ) Tj ET Q q 0 0 0 rg BT 554.73 291.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.05 Td (protect ) Tj ET Q q 0 0 0 rg BT 80.03 279.05 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 117.79 279.05 Td (data ) Tj ET Q q 0 0 0 rg BT 137.22 279.05 Td (against ) Tj ET Q q 0 0 0 rg BT 168.31 279.05 Td (third-party ) Tj ET Q q 0 0 0 rg BT 213.84 279.05 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 257.16 279.05 Td (in ) Tj ET Q q 0 0 0 rg BT 267.70 279.05 Td (transit. ) Tj ET Q q 0 0 0 rg BT 297.96 279.05 Td (Servers ) Tj ET Q q 0 0 0 rg BT 333.22 279.05 Td (and ) Tj ET Q q 0 0 0 rg BT 350.43 279.05 Td (network ) Tj ET Q q 0 0 0 rg BT 385.96 279.05 Td (components ) Tj ET Q q 0 0 0 rg BT 437.06 279.05 Td (are ) Tj ET Q q 0 0 0 rg BT 452.03 279.05 Td (secured ) Tj ET Q q 0 0 0 rg BT 485.34 279.05 Td (with ) Tj ET Q q 0 0 0 rg BT 505.88 279.05 Td (access ) Tj ET Q q 0 0 0 rg BT 534.19 279.05 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.05 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 101.57 267.05 Td (and ) Tj ET Q q 0 0 0 rg BT 118.64 267.05 Td (protected ) Tj ET Q q 0 0 0 rg BT 158.48 267.05 Td (by ) Tj ET Q q 0 0 0 rg BT 171.11 267.05 Td (hardened ) Tj ET Q q 0 0 0 rg BT 210.39 267.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 245.80 267.05 Td (standard ) Tj ET Q q 0 0 0 rg BT 282.31 267.05 Td (firewalls, ) Tj ET Q q 0 0 0 rg BT 322.43 267.05 Td (virus ) Tj ET Q q 0 0 0 rg BT 345.07 267.05 Td (protection ) Tj ET Q q 0 0 0 rg BT 388.25 267.05 Td (and ) Tj ET Q q 0 0 0 rg BT 405.32 267.05 Td (intrusion ) Tj ET Q q 0 0 0 rg BT 443.51 267.05 Td (prevention/detection ) Tj ET Q q 0 0 0 rg BT 528.34 267.05 Td (systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.05 Td (Security ) Tj ET Q q 0 0 0 rg BT 84.67 255.05 Td (services ) Tj ET Q q 0 0 0 rg BT 118.72 255.05 Td (are ) Tj ET Q q 0 0 0 rg BT 132.78 255.05 Td (monitored ) Tj ET Q q 0 0 0 rg BT 175.73 255.05 Td (and ) Tj ET Q q 0 0 0 rg BT 192.01 255.05 Td (updated ) Tj ET Q q 0 0 0 rg BT 225.51 255.05 Td (in ) Tj ET Q q 0 0 0 rg BT 235.13 255.05 Td (order ) Tj ET Q q 0 0 0 rg BT 258.08 255.05 Td (to ) Tj ET Q q 0 0 0 rg BT 267.70 255.05 Td (address ) Tj ET Q q 0 0 0 rg BT 299.54 255.05 Td (emer) Tj ET Q q 0 0 0 rg BT 319.34 255.05 Td (ging ) Tj ET Q q 0 0 0 rg BT 338.97 255.05 Td (vulnerabilities. ) Tj ET Q q 0 0 0 rg BT 400.52 255.05 Td (Even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.91 255.05 Td (with ) Tj ET Q q 0 0 0 rg BT 442.54 255.05 Td (our ) Tj ET Q q 0 0 0 rg BT 457.71 255.05 Td (robust ) Tj ET Q q 0 0 0 rg BT 484.56 255.05 Td (security ) Tj ET Q q 0 0 0 rg BT 518.06 255.05 Td (monitoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.15 243.05 Td (detection ) Tj ET Q q 0 0 0 rg BT 105.02 243.05 Td (systems, ) Tj ET Q q 0 0 0 rg BT 141.40 243.05 Td (we ) Tj ET Q q 0 0 0 rg BT 155.28 243.05 Td (cannotguarantee ) Tj ET Q q 0 0 0 rg BT 225.51 243.05 Td (that ) Tj ET Q q 0 0 0 rg BT 242.72 243.05 Td (our ) Tj ET Q q 0 0 0 rg BT 258.26 243.05 Td (security ) Tj ET Q q 0 0 0 rg BT 292.13 243.05 Td (measures ) Tj ET Q q 0 0 0 rg BT 331.55 243.05 Td (will ) Tj ET Q q 0 0 0 rg BT 349.32 243.05 Td (prevent ) Tj ET Q q 0 0 0 rg BT 381.52 243.05 Td (security ) Tj ET Q q 0 0 0 rg BT 415.39 243.05 Td (breaches ) Tj ET Q q 0 0 0 rg BT 452.58 243.05 Td (and ) Tj ET Q q 0 0 0 rg BT 469.24 243.05 Td (we ) Tj ET Q q 0 0 0 rg BT 483.11 243.05 Td (may ) Tj ET Q q 0 0 0 rg BT 502.54 243.05 Td (need ) Tj ET Q q 0 0 0 rg BT 523.63 243.05 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 243.05 Td (expend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.37 231.05 Td (resources ) Tj ET Q q 0 0 0 rg BT 136.78 231.05 Td (to ) Tj ET Q q 0 0 0 rg BT 148.21 231.05 Td (protect ) Tj ET Q q 0 0 0 rg BT 179.63 231.05 Td (against ) Tj ET Q q 0 0 0 rg BT 211.61 231.05 Td (and ) Tj ET Q q 0 0 0 rg BT 229.71 231.05 Td (remedy ) Tj ET Q q 0 0 0 rg BT 263.35 231.05 Td (any ) Tj ET Q q 0 0 0 rg BT 281.44 231.05 Td (potential ) Tj ET Q q 0 0 0 rg BT 320.08 231.05 Td (security ) Tj ET Q q 0 0 0 rg BT 355.39 231.05 Td (breaches ) Tj ET Q q 0 0 0 rg BT 394.02 231.05 Td (and ) Tj ET Q q 0 0 0 rg BT 412.12 231.05 Td (their ) Tj ET Q q 0 0 0 rg BT 434.10 231.05 Td (consequences.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.57 231.05 Td ( ) Tj ET Q q 0 0 0 rg BT 495.23 231.05 Td (New ) Tj ET Q q 0 0 0 rg BT 517.76 231.05 Td (threats ) Tj ET Q q 0 0 0 rg BT 548.07 231.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.05 Td (vulnerabilities ) Tj ET Q q 0 0 0 rg BT 109.21 219.05 Td (are ) Tj ET Q q 0 0 0 rg BT 123.91 219.05 Td (identified ) Tj ET Q q 0 0 0 rg BT 164.73 219.05 Td (frequently ) Tj ET Q q 0 0 0 rg BT 208.33 219.05 Td (and ) Tj ET Q q 0 0 0 rg BT 225.27 219.05 Td (there ) Tj ET Q q 0 0 0 rg BT 247.75 219.05 Td (are ) Tj ET Q q 0 0 0 rg BT 262.46 219.05 Td (often ) Tj ET Q q 0 0 0 rg BT 285.51 219.05 Td (time ) Tj ET Q q 0 0 0 rg BT 305.78 219.05 Td (lags ) Tj ET Q q 0 0 0 rg BT 324.39 219.05 Td (before ) Tj ET Q q 0 0 0 rg BT 352.42 219.05 Td (our ) Tj ET Q q 0 0 0 rg BT 368.25 219.05 Td (vendors ) Tj ET Q q 0 0 0 rg BT 402.42 219.05 Td (deploy ) Tj ET Q q 0 0 0 rg BT 432.13 219.05 Td (mitigations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 192.75 Td (Resear) Tj ET Q q 0 0 0 rg BT 78.75 192.75 Td (ch ) Tj ET Q q 0 0 0 rg BT 91.25 192.75 Td (and ) Tj ET Q q 0 0 0 rg BT 109.87 192.75 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 176.35 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 176.35 Td (e ) Tj ET Q q 0 0 0 rg BT 87.40 176.35 Td (devote ) Tj ET Q q 0 0 0 rg BT 115.88 176.35 Td (substantial ) Tj ET Q q 0 0 0 rg BT 160.48 176.35 Td (resources ) Tj ET Q q 0 0 0 rg BT 200.06 176.35 Td (to ) Tj ET Q q 0 0 0 rg BT 209.66 176.35 Td (enhance ) Tj ET Q q 0 0 0 rg BT 244.24 176.35 Td (the ) Tj ET Q q 0 0 0 rg BT 258.28 176.35 Td (features ) Tj ET Q q 0 0 0 rg BT 291.75 176.35 Td (and ) Tj ET Q q 0 0 0 rg BT 308.01 176.35 Td (functionality ) Tj ET Q q 0 0 0 rg BT 360.93 176.35 Td (of ) Tj ET Q q 0 0 0 rg BT 371.09 176.35 Td (our ) Tj ET Q q 0 0 0 rg BT 386.24 176.35 Td (of) Tj ET Q q 0 0 0 rg BT 394.39 176.35 Td (ferings ) Tj ET Q q 0 0 0 rg BT 423.98 176.35 Td (as ) Tj ET Q q 0 0 0 rg BT 434.14 176.35 Td (well ) Tj ET Q q 0 0 0 rg BT 453.18 176.35 Td (as ) Tj ET Q q 0 0 0 rg BT 463.33 176.35 Td (developing ) Tj ET Q q 0 0 0 rg BT 509.59 176.35 Td (new ) Tj ET Q q 0 0 0 rg BT 528.07 176.35 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.35 Td (and ) Tj ET Q q 0 0 0 rg BT 67.11 164.35 Td (services. ) Tj ET Q q 0 0 0 rg BT 104.76 164.35 Td (W) Tj ET Q q 0 0 0 rg BT 113.40 164.35 Td (e ) Tj ET Q q 0 0 0 rg BT 121.01 164.35 Td (are ) Tj ET Q q 0 0 0 rg BT 136.39 164.35 Td (developing ) Tj ET Q q 0 0 0 rg BT 184.00 164.35 Td (the ) Tj ET Q q 0 0 0 rg BT 199.39 164.35 Td (next ) Tj ET Q q 0 0 0 rg BT 219.78 164.35 Td (generation ) Tj ET Q q 0 0 0 rg BT 265.15 164.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.87 164.35 Td (platform, ) Tj ET Q q 0 0 0 rg BT 353.98 164.35 Td (mobile ) Tj ET Q q 0 0 0 rg BT 384.92 164.35 Td (applications ) Tj ET Q q 0 0 0 rg BT 436.42 164.35 Td (and ) Tj ET Q q 0 0 0 rg BT 454.03 164.35 Td (other ) Tj ET Q q 0 0 0 rg BT 477.75 164.35 Td (products, ) Tj ET Q q 0 0 0 rg BT 517.86 164.35 Td (and ) Tj ET Q q 0 0 0 rg BT 535.47 164.35 Td (we ) Tj ET Q q 0 0 0 rg BT 550.30 164.35 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.35 Td (investing ) Tj ET Q q 0 0 0 rg BT 88.93 152.35 Td (in ) Tj ET Q q 0 0 0 rg BT 99.47 152.35 Td (the ) Tj ET Q q 0 0 0 rg BT 114.46 152.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 162.77 152.35 Td (CRM ) Tj ET Q q 0 0 0 rg BT 187.76 152.35 Td (and ) Tj ET Q q 0 0 0 rg BT 204.97 152.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 253.28 152.35 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 297.15 152.35 Td (Direct ) Tj ET Q q 0 0 0 rg BT 324.90 152.35 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 366.29 152.35 Td (In ) Tj ET Q q 0 0 0 rg BT 377.38 152.35 Td (2015, ) Tj ET Q q 0 0 0 rg BT 402.65 152.35 Td (we ) Tj ET Q q 0 0 0 rg BT 417.07 152.35 Td (currently ) Tj ET Q q 0 0 0 rg BT 455.93 152.35 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 497.56 152.35 Td (that ) Tj ET Q q 0 0 0 rg BT 515.32 152.35 Td (a ) Tj ET Q q 0 0 0 rg BT 522.53 152.35 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 152.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.35 Td (our ) Tj ET Q q 0 0 0 rg BT 66.33 140.35 Td (research ) Tj ET Q q 0 0 0 rg BT 103.13 140.35 Td (and ) Tj ET Q q 0 0 0 rg BT 121.07 140.35 Td (development ) Tj ET Q q 0 0 0 rg BT 176.21 140.35 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 230.81 140.35 Td (will ) Tj ET Q q 0 0 0 rg BT 249.86 140.35 Td (be ) Tj ET Q q 0 0 0 rg BT 262.80 140.35 Td (tar) Tj ET Q q 0 0 0 rg BT 273.16 140.35 Td (geted ) Tj ET Q q 0 0 0 rg BT 298.32 140.35 Td (towards ) Tj ET Q q 0 0 0 rg BT 333.47 140.35 Td (preparation ) Tj ET Q q 0 0 0 rg BT 382.50 140.35 Td (for ) Tj ET Q q 0 0 0 rg BT 397.41 140.35 Td (TILA-RESP) Tj ET Q q 0 0 0 rg BT 446.49 140.35 Td (A) Tj ET Q q 0 0 0 rg BT 453.16 140.35 Td ( ) Tj ET Q q 0 0 0 rg BT 456.66 140.35 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 500.69 140.35 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 546.95 140.35 Td (rule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.21 128.35 Td (which ) Tj ET Q q 0 0 0 rg BT 111.15 128.35 Td (take ) Tj ET Q q 0 0 0 rg BT 130.30 128.35 Td (ef) Tj ET Q q 0 0 0 rg BT 137.89 128.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 155.37 128.35 Td (in ) Tj ET Q q 0 0 0 rg BT 165.10 128.35 Td (August ) Tj ET Q q 0 0 0 rg BT 196.49 128.35 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 111.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.19 111.95 Td (research ) Tj ET Q q 0 0 0 rg BT 127.64 111.95 Td (and ) Tj ET Q q 0 0 0 rg BT 145.22 111.95 Td (development ) Tj ET Q q 0 0 0 rg BT 200.01 111.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 239.26 111.95 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.61 111.95 Td ($28.2 ) Tj ET Q q 0 0 0 rg BT 295.25 111.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.14 111.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.79 111.95 Td ($24.7 ) Tj ET Q q 0 0 0 rg BT 355.43 111.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.32 111.95 Td ( ) Tj ET Q q 0 0 0 rg BT 387.46 111.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.04 111.95 Td ($18.1 ) Tj ET Q q 0 0 0 rg BT 430.68 111.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.58 111.95 Td ( ) Tj ET Q q 0 0 0 rg BT 462.72 111.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.64 111.95 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.64 111.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.28 111.95 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.28 111.95 Td ( ) Tj ET Q q 0 0 0 rg BT 522.42 111.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 111.95 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 111.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 99.95 Td (.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 100.33 740.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 110.69 740.25 Td (operty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.50 723.85 Td (success ) Tj ET Q q 0 0 0 rg BT 120.94 723.85 Td (depends ) Tj ET Q q 0 0 0 rg BT 155.16 723.85 Td (in ) Tj ET Q q 0 0 0 rg BT 164.39 723.85 Td (lar) Tj ET Q q 0 0 0 rg BT 174.76 723.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 185.64 723.85 Td (part ) Tj ET Q q 0 0 0 rg BT 202.64 723.85 Td (on ) Tj ET Q q 0 0 0 rg BT 214.09 723.85 Td (our ) Tj ET Q q 0 0 0 rg BT 228.87 723.85 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 274.75 723.85 Td (products ) Tj ET Q q 0 0 0 rg BT 310.63 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 326.52 723.85 Td (technology ) Tj ET Q q 0 0 0 rg BT 372.41 723.85 Td (for ) Tj ET Q q 0 0 0 rg BT 385.52 723.85 Td (which ) Tj ET Q q 0 0 0 rg BT 411.41 723.85 Td (we ) Tj ET Q q 0 0 0 rg BT 424.52 723.85 Td (seek ) Tj ET Q q 0 0 0 rg BT 443.74 723.85 Td (protection ) Tj ET Q q 0 0 0 rg BT 485.73 723.85 Td (from ) Tj ET Q q 0 0 0 rg BT 506.62 723.85 Td (a ) Tj ET Q q 0 0 0 rg BT 512.50 723.85 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 59.37 711.85 Td (patent, ) Tj ET Q q 0 0 0 rg BT 87.85 711.85 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 130.22 711.85 Td (trademark ) Tj ET Q q 0 0 0 rg BT 172.29 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 188.27 711.85 Td (trade ) Tj ET Q q 0 0 0 rg BT 209.80 711.85 Td (secret ) Tj ET Q q 0 0 0 rg BT 234.66 711.85 Td (laws ) Tj ET Q q 0 0 0 rg BT 254.53 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 270.52 711.85 Td (other ) Tj ET Q q 0 0 0 rg BT 292.61 711.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 339.68 711.85 Td (with ) Tj ET Q q 0 0 0 rg BT 359.00 711.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 403.31 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 419.29 711.85 Td (third ) Tj ET Q q 0 0 0 rg BT 439.72 711.85 Td (parties. ) Tj ET Q q 0 0 0 rg BT 470.31 711.85 Td (W) Tj ET Q q 0 0 0 rg BT 478.94 711.85 Td (e ) Tj ET Q q 0 0 0 rg BT 484.93 711.85 Td (require ) Tj ET Q q 0 0 0 rg BT 514.78 711.85 Td (our ) Tj ET Q q 0 0 0 rg BT 529.66 711.85 Td (of) Tj ET Q q 0 0 0 rg BT 537.81 711.85 Td (ficers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 96.61 699.85 Td (and ) Tj ET Q q 0 0 0 rg BT 115.39 699.85 Td (consultants ) Tj ET Q q 0 0 0 rg BT 164.73 699.85 Td (to ) Tj ET Q q 0 0 0 rg BT 176.85 699.85 Td (enter ) Tj ET Q q 0 0 0 rg BT 201.18 699.85 Td (into ) Tj ET Q q 0 0 0 rg BT 221.08 699.85 Td (standard ) Tj ET Q q 0 0 0 rg BT 259.30 699.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 309.18 699.85 Td (containing ) Tj ET Q q 0 0 0 rg BT 355.73 699.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 401.75 699.85 Td (requiring ) Tj ET Q q 0 0 0 rg BT 442.75 699.85 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 505.40 699.85 Td (of ) Tj ET Q q 0 0 0 rg BT 518.08 699.85 Td (proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.85 Td (information ) Tj ET Q q 0 0 0 rg BT 98.72 687.85 Td (and ) Tj ET Q q 0 0 0 rg BT 115.17 687.85 Td (assignment ) Tj ET Q q 0 0 0 rg BT 162.18 687.85 Td (to ) Tj ET Q q 0 0 0 rg BT 171.97 687.85 Td (us ) Tj ET Q q 0 0 0 rg BT 182.87 687.85 Td (of ) Tj ET Q q 0 0 0 rg BT 193.22 687.85 Td (all ) Tj ET Q q 0 0 0 rg BT 205.22 687.85 Td (inventions ) Tj ET Q q 0 0 0 rg BT 248.90 687.85 Td (made ) Tj ET Q q 0 0 0 rg BT 272.57 687.85 Td (during ) Tj ET Q q 0 0 0 rg BT 300.69 687.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.92 687.85 Td (course ) Tj ET Q q 0 0 0 rg BT 343.03 687.85 Td (of ) Tj ET Q q 0 0 0 rg BT 353.37 687.85 Td (their ) Tj ET Q q 0 0 0 rg BT 373.70 687.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 425.71 687.85 Td (or ) Tj ET Q q 0 0 0 rg BT 436.05 687.85 Td (consulting ) Tj ET Q q 0 0 0 rg BT 479.72 687.85 Td (relationship. ) Tj ET Q q 0 0 0 rg BT 531.30 687.85 Td (W) Tj ET Q q 0 0 0 rg BT 539.94 687.85 Td (e ) Tj ET Q q 0 0 0 rg BT 546.39 687.85 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.85 Td (enter ) Tj ET Q q 0 0 0 rg BT 71.97 675.85 Td (into ) Tj ET Q q 0 0 0 rg BT 90.02 675.85 Td (nondisclosure ) Tj ET Q q 0 0 0 rg BT 148.06 675.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 196.08 675.85 Td (with ) Tj ET Q q 0 0 0 rg BT 216.35 675.85 Td (our ) Tj ET Q q 0 0 0 rg BT 232.17 675.85 Td (commercial ) Tj ET Q q 0 0 0 rg BT 281.85 675.85 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 340.98 675.85 Td (and ) Tj ET Q q 0 0 0 rg BT 357.91 675.85 Td (limit ) Tj ET Q q 0 0 0 rg BT 379.29 675.85 Td (access ) Tj ET Q q 0 0 0 rg BT 407.32 675.85 Td (to, ) Tj ET Q q 0 0 0 rg BT 420.08 675.85 Td (and ) Tj ET Q q 0 0 0 rg BT 437.01 675.85 Td (distribution ) Tj ET Q q 0 0 0 rg BT 485.61 675.85 Td (of, ) Tj ET Q q 0 0 0 rg BT 498.93 675.85 Td (our ) Tj ET Q q 0 0 0 rg BT 514.75 675.85 Td (confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 641.95 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 641.95 Td (e ) Tj ET Q q 0 0 0 rg BT 88.07 641.95 Td (are ) Tj ET Q q 0 0 0 rg BT 102.77 641.95 Td (committed ) Tj ET Q q 0 0 0 rg BT 148.03 641.95 Td (to ) Tj ET Q q 0 0 0 rg BT 158.30 641.95 Td (developing ) Tj ET Q q 0 0 0 rg BT 205.22 641.95 Td (and ) Tj ET Q q 0 0 0 rg BT 222.15 641.95 Td (protecting ) Tj ET Q q 0 0 0 rg BT 265.19 641.95 Td (our ) Tj ET Q q 0 0 0 rg BT 281.01 641.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 327.92 641.95 Td (property ) Tj ET Q q 0 0 0 rg BT 364.29 641.95 Td (and, ) Tj ET Q q 0 0 0 rg BT 383.72 641.95 Td (where ) Tj ET Q q 0 0 0 rg BT 410.64 641.95 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 461.17 641.95 Td (file ) Tj ET Q q 0 0 0 rg BT 476.98 641.95 Td (patent ) Tj ET Q q 0 0 0 rg BT 503.91 641.95 Td (applications ) Tj ET Q q 0 0 0 rg BT 554.72 641.95 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.95 Td (protect ) Tj ET Q q 0 0 0 rg BT 79.67 629.95 Td (our ) Tj ET Q q 0 0 0 rg BT 95.41 629.95 Td (technology) Tj ET Q q 0 0 0 rg BT 139.20 629.95 Td (. ) Tj ET Q q 0 0 0 rg BT 143.93 629.95 Td (W) Tj ET Q q 0 0 0 rg BT 152.57 629.95 Td (e ) Tj ET Q q 0 0 0 rg BT 159.41 629.95 Td (currently ) Tj ET Q q 0 0 0 rg BT 197.92 629.95 Td (hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.10 629.95 Td (nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.32 629.95 Td ( ) Tj ET Q q 0 0 0 rg BT 237.73 629.95 Td (United ) Tj ET Q q 0 0 0 rg BT 267.35 629.95 Td (States, ) Tj ET Q q 0 0 0 rg BT 296.15 629.95 Td (or ) Tj ET Q q 0 0 0 rg BT 306.89 629.95 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 329.58 629.95 Td (patents, ) Tj ET Q q 0 0 0 rg BT 362.81 629.95 Td (with ) Tj ET Q q 0 0 0 rg BT 383.00 629.95 Td (five ) Tj ET Q q 0 0 0 rg BT 400.96 629.95 Td (patent ) Tj ET Q q 0 0 0 rg BT 427.80 629.95 Td (applications ) Tj ET Q q 0 0 0 rg BT 478.53 629.95 Td (pending. ) Tj ET Q q 0 0 0 rg BT 515.48 629.95 Td (The ) Tj ET Q q 0 0 0 rg BT 533.44 629.95 Td (term ) Tj ET Q q 0 0 0 rg BT 554.17 629.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.95 Td (any ) Tj ET Q q 0 0 0 rg BT 66.34 617.95 Td (issued ) Tj ET Q q 0 0 0 rg BT 93.74 617.95 Td (patent ) Tj ET Q q 0 0 0 rg BT 120.57 617.95 Td (in ) Tj ET Q q 0 0 0 rg BT 130.75 617.95 Td (the ) Tj ET Q q 0 0 0 rg BT 145.37 617.95 Td (United ) Tj ET Q q 0 0 0 rg BT 174.98 617.95 Td (States ) Tj ET Q q 0 0 0 rg BT 201.27 617.95 Td (is ) Tj ET Q q 0 0 0 rg BT 210.34 617.95 Td (generally ) Tj ET Q q 0 0 0 rg BT 249.94 617.95 Td (20 ) Tj ET Q q 0 0 0 rg BT 262.34 617.95 Td (years ) Tj ET Q q 0 0 0 rg BT 285.84 617.95 Td (from ) Tj ET Q q 0 0 0 rg BT 307.68 617.95 Td (its ) Tj ET Q q 0 0 0 rg BT 319.53 617.95 Td (filing ) Tj ET Q q 0 0 0 rg BT 343.59 617.95 Td (date ) Tj ET Q q 0 0 0 rg BT 362.65 617.95 Td (and ) Tj ET Q q 0 0 0 rg BT 379.49 617.95 Td (if ) Tj ET Q q 0 0 0 rg BT 387.99 617.95 Td (our ) Tj ET Q q 0 0 0 rg BT 403.72 617.95 Td (applications ) Tj ET Q q 0 0 0 rg BT 454.44 617.95 Td (are ) Tj ET Q q 0 0 0 rg BT 469.05 617.95 Td (pending ) Tj ET Q q 0 0 0 rg BT 503.67 617.95 Td (for ) Tj ET Q q 0 0 0 rg BT 517.73 617.95 Td (a ) Tj ET Q q 0 0 0 rg BT 524.57 617.95 Td (long ) Tj ET Q q 0 0 0 rg BT 544.74 617.95 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.95 Td (period, ) Tj ET Q q 0 0 0 rg BT 80.64 605.95 Td (we ) Tj ET Q q 0 0 0 rg BT 95.39 605.95 Td (may ) Tj ET Q q 0 0 0 rg BT 115.69 605.95 Td (have ) Tj ET Q q 0 0 0 rg BT 137.66 605.95 Td (a ) Tj ET Q q 0 0 0 rg BT 145.19 605.95 Td (correspondingly ) Tj ET Q q 0 0 0 rg BT 213.26 605.95 Td (shorter ) Tj ET Q q 0 0 0 rg BT 244.12 605.95 Td (term ) Tj ET Q q 0 0 0 rg BT 265.54 605.95 Td (for ) Tj ET Q q 0 0 0 rg BT 280.29 605.95 Td (any ) Tj ET Q q 0 0 0 rg BT 297.82 605.95 Td (patent ) Tj ET Q q 0 0 0 rg BT 325.34 605.95 Td (that ) Tj ET Q q 0 0 0 rg BT 343.42 605.95 Td (may ) Tj ET Q q 0 0 0 rg BT 363.73 605.95 Td (issue. ) Tj ET Q q 0 0 0 rg BT 389.32 605.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 410.19 605.95 Td (Patent ) Tj ET Q q 0 0 0 rg BT 438.28 605.95 Td (Nos.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 464.05 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 464.05 Td (e ) Tj ET Q q 0 0 0 rg BT 87.75 464.05 Td (hold ) Tj ET Q q 0 0 0 rg BT 107.70 464.05 Td (a ) Tj ET Q q 0 0 0 rg BT 114.31 464.05 Td (number ) Tj ET Q q 0 0 0 rg BT 147.03 464.05 Td (of ) Tj ET Q q 0 0 0 rg BT 157.53 464.05 Td (registered ) Tj ET Q q 0 0 0 rg BT 199.13 464.05 Td (and ) Tj ET Q q 0 0 0 rg BT 215.74 464.05 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 267.33 464.05 Td (trademarks, ) Tj ET Q q 0 0 0 rg BT 316.43 464.05 Td (service ) Tj ET Q q 0 0 0 rg BT 346.91 464.05 Td (names ) Tj ET Q q 0 0 0 rg BT 374.63 464.05 Td (and ) Tj ET Q q 0 0 0 rg BT 391.24 464.05 Td (domain ) Tj ET Q q 0 0 0 rg BT 423.41 464.05 Td (names ) Tj ET Q q 0 0 0 rg BT 451.13 464.05 Td (that ) Tj ET Q q 0 0 0 rg BT 468.30 464.05 Td (are ) Tj ET Q q 0 0 0 rg BT 482.67 464.05 Td (used ) Tj ET Q q 0 0 0 rg BT 503.18 464.05 Td (in ) Tj ET Q q 0 0 0 rg BT 513.13 464.05 Td (our ) Tj ET Q q 0 0 0 rg BT 528.63 464.05 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.05 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 452.05 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 452.05 Td (United ) Tj ET Q q 0 0 0 rg BT 104.21 452.05 Td (States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 425.75 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 409.35 Td (The ) Tj ET Q q 0 0 0 rg BT 90.79 409.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.30 409.35 Td (origination ) Tj ET Q q 0 0 0 rg BT 177.93 409.35 Td (software ) Tj ET Q q 0 0 0 rg BT 215.11 409.35 Td (market ) Tj ET Q q 0 0 0 rg BT 245.62 409.35 Td (is ) Tj ET Q q 0 0 0 rg BT 255.03 409.35 Td (highly ) Tj ET Q q 0 0 0 rg BT 283.34 409.35 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 335.59 409.35 Td (There ) Tj ET Q q 0 0 0 rg BT 361.65 409.35 Td (are ) Tj ET Q q 0 0 0 rg BT 376.61 409.35 Td (many ) Tj ET Q q 0 0 0 rg BT 401.57 409.35 Td (software ) Tj ET Q q 0 0 0 rg BT 438.75 409.35 Td (providers ) Tj ET Q q 0 0 0 rg BT 479.26 409.35 Td (catering ) Tj ET Q q 0 0 0 rg BT 514.21 409.35 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 409.35 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.35 Td (brokerages ) Tj ET Q q 0 0 0 rg BT 97.74 397.35 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 397.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 158.70 397.35 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 194.46 397.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.39 397.35 Td (current ) Tj ET Q q 0 0 0 rg BT 247.08 397.35 Td (principal ) Tj ET Q q 0 0 0 rg BT 287.00 397.35 Td (software ) Tj ET Q q 0 0 0 rg BT 325.80 397.35 Td (competitors ) Tj ET Q q 0 0 0 rg BT 377.39 397.35 Td (include: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.98 397.35 Td (Byte ) Tj ET Q q 0 0 0 rg BT 437.25 397.35 Td (Software ) Tj ET Q q 0 0 0 rg BT 477.72 397.35 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 499.87 397.35 Td (a ) Tj ET Q q 0 0 0 rg BT 508.68 397.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 554.17 397.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.35 Td (CBCInnovis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.51 385.35 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.75 385.35 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 132.85 385.35 Td (T) Tj ET Q q 0 0 0 rg BT 138.26 385.35 Td (echnology) Tj ET Q q 0 0 0 rg BT 179.27 385.35 Td (, ) Tj ET Q q 0 0 0 rg BT 185.23 385.35 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.50 385.35 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.74 385.35 Td (DH ) Tj ET Q q 0 0 0 rg BT 224.65 385.35 Td (Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.98 385.35 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.22 385.35 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 321.56 385.35 Td (Builder ) Tj ET Q q 0 0 0 rg BT 355.02 385.35 Td (Software, ) Tj ET Q q 0 0 0 rg BT 397.08 385.35 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 418.32 385.35 Td (a ) Tj ET Q q 0 0 0 rg BT 426.22 385.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 470.79 385.35 Td (of ) Tj ET Q q 0 0 0 rg BT 481.82 385.35 Td (Altisource ) Tj ET Q q 0 0 0 rg BT 526.94 385.35 Td (Portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.35 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 89.89 373.35 Td (SA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.68 373.35 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.06 373.35 Td (Black ) Tj ET Q q 0 0 0 rg BT 133.99 373.35 Td (Knight ) Tj ET Q q 0 0 0 rg BT 164.38 373.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 204.20 373.35 Td (Services, ) Tj ET Q q 0 0 0 rg BT 243.18 373.35 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 267.17 373.35 Td (a ) Tj ET Q q 0 0 0 rg BT 274.22 373.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 317.93 373.35 Td (of ) Tj ET Q q 0 0 0 rg BT 328.87 373.35 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 362.59 373.35 Td (National ) Tj ET Q q 0 0 0 rg BT 399.63 373.35 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 441.95 373.35 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.22 373.35 Td (; ) Tj ET Q q 0 0 0 rg BT 462.60 373.35 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 504.08 373.35 Td (Cadence ) Tj ET Q q 0 0 0 rg BT 541.12 373.35 Td (LLC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.35 Td (a ) Tj ET Q q 0 0 0 rg BT 56.06 361.35 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 99.28 361.35 Td (of ) Tj ET Q q 0 0 0 rg BT 109.26 361.35 Td (Accenture ) Tj ET Q q 0 0 0 rg BT 152.47 361.35 Td (PLC; ) Tj ET Q q 0 0 0 rg BT 175.70 361.35 Td (and ) Tj ET Q q 0 0 0 rg BT 192.11 361.35 Td (W) Tj ET Q q 0 0 0 rg BT 201.14 361.35 Td (ipro ) Tj ET Q q 0 0 0 rg BT 219.37 361.35 Td (Gallagher ) Tj ET Q q 0 0 0 rg BT 260.91 361.35 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 303.32 361.35 Td (which ) Tj ET Q q 0 0 0 rg BT 329.88 361.35 Td (is ) Tj ET Q q 0 0 0 rg BT 338.66 361.35 Td (owned ) Tj ET Q q 0 0 0 rg BT 367.44 361.35 Td (by ) Tj ET Q q 0 0 0 rg BT 379.41 361.35 Td (W) Tj ET Q q 0 0 0 rg BT 388.44 361.35 Td (ipro, ) Tj ET Q q 0 0 0 rg BT 409.17 361.35 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 427.68 361.35 Td (Some ) Tj ET Q q 0 0 0 rg BT 452.57 361.35 Td (of ) Tj ET Q q 0 0 0 rg BT 463.02 361.35 Td (these ) Tj ET Q q 0 0 0 rg BT 485.69 361.35 Td (software ) Tj ET Q q 0 0 0 rg BT 522.23 361.35 Td (providers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.35 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.77 349.35 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 115.98 349.35 Td (T) Tj ET Q q 0 0 0 rg BT 121.39 349.35 Td (echnology) Tj ET Q q 0 0 0 rg BT 162.40 349.35 Td (, ) Tj ET Q q 0 0 0 rg BT 167.40 349.35 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.66 349.35 Td (, ) Tj ET Q q 0 0 0 rg BT 187.66 349.35 Td (also ) Tj ET Q q 0 0 0 rg BT 206.27 349.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 239.32 349.35 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 291.25 349.35 Td (between ) Tj ET Q q 0 0 0 rg BT 327.06 349.35 Td (their ) Tj ET Q q 0 0 0 rg BT 347.89 349.35 Td (software ) Tj ET Q q 0 0 0 rg BT 384.82 349.35 Td (users ) Tj ET Q q 0 0 0 rg BT 407.87 349.35 Td (and ) Tj ET Q q 0 0 0 rg BT 424.81 349.35 Td (lenders ) Tj ET Q q 0 0 0 rg BT 456.18 349.35 Td (and ) Tj ET Q q 0 0 0 rg BT 473.12 349.35 Td (service ) Tj ET Q q 0 0 0 rg BT 503.94 349.35 Td (providers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 320.95 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 320.95 Td (Competition ) Tj ET Q q 0 0 0 rg BT 103.94 320.95 Td (with ) Tj ET Q q 0 0 0 rg BT 123.67 320.95 Td (Softwar) Tj ET Q q 0 0 0 rg BT 154.42 320.95 Td (e ) Tj ET Q q 0 0 0 rg BT 161.36 320.95 Td (Pr) Tj ET Q q 0 0 0 rg BT 170.98 320.95 Td (oviders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 304.55 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 304.55 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 304.55 Td (compete ) Tj ET Q q 0 0 0 rg BT 124.45 304.55 Td (against ) Tj ET Q q 0 0 0 rg BT 155.27 304.55 Td (software ) Tj ET Q q 0 0 0 rg BT 192.20 304.55 Td (providers ) Tj ET Q q 0 0 0 rg BT 232.47 304.55 Td (based ) Tj ET Q q 0 0 0 rg BT 257.74 304.55 Td (on ) Tj ET Q q 0 0 0 rg BT 270.24 304.55 Td (our ) Tj ET Q q 0 0 0 rg BT 286.07 304.55 Td (ability ) Tj ET Q q 0 0 0 rg BT 314.12 304.55 Td (to ) Tj ET Q q 0 0 0 rg BT 324.40 304.55 Td (provide:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 288.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 288.15 Td (a ) Tj ET Q q 0 0 0 rg BT 93.75 288.15 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 158.09 288.15 Td (software ) Tj ET Q q 0 0 0 rg BT 196.33 288.15 Td (solution ) Tj ET Q q 0 0 0 rg BT 232.37 288.15 Td (that ) Tj ET Q q 0 0 0 rg BT 251.17 288.15 Td (provides ) Tj ET Q q 0 0 0 rg BT 289.42 288.15 Td (all ) Tj ET Q q 0 0 0 rg BT 303.23 288.15 Td (business-critical ) Tj ET Q q 0 0 0 rg BT 372.02 288.15 Td (functions ) Tj ET Q q 0 0 0 rg BT 413.04 288.15 Td (including ) Tj ET Q q 0 0 0 rg BT 454.63 288.15 Td (customer ) Tj ET Q q 0 0 0 rg BT 495.09 288.15 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 545.28 288.15 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 276.15 Td (processing, ) Tj ET Q q 0 0 0 rg BT 134.09 276.15 Td (task ) Tj ET Q q 0 0 0 rg BT 153.53 276.15 Td (management, ) Tj ET Q q 0 0 0 rg BT 210.44 276.15 Td (communication ) Tj ET Q q 0 0 0 rg BT 275.97 276.15 Td (with ) Tj ET Q q 0 0 0 rg BT 297.08 276.15 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 340.94 276.15 Td (and ) Tj ET Q q 0 0 0 rg BT 358.71 276.15 Td (other ) Tj ET Q q 0 0 0 rg BT 382.58 276.15 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 423.67 276.15 Td (origination ) Tj ET Q q 0 0 0 rg BT 470.88 276.15 Td (participants, ) Tj ET Q q 0 0 0 rg BT 523.35 276.15 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 264.15 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 129.09 264.15 Td (compliance ) Tj ET Q q 0 0 0 rg BT 177.68 264.15 Td (and ) Tj ET Q q 0 0 0 rg BT 194.62 264.15 Td (general ) Tj ET Q q 0 0 0 rg BT 226.54 264.15 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 268.47 264.15 Td (management;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 247.75 Td (solutions ) Tj ET Q q 0 0 0 rg BT 124.98 247.75 Td (that ) Tj ET Q q 0 0 0 rg BT 143.35 247.75 Td (create ) Tj ET Q q 0 0 0 rg BT 170.58 247.75 Td (ef) Tj ET Q q 0 0 0 rg BT 178.16 247.75 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 219.84 247.75 Td (in ) Tj ET Q q 0 0 0 rg BT 230.99 247.75 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 274.62 247.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 317.97 247.75 Td (and ) Tj ET Q q 0 0 0 rg BT 335.77 247.75 Td (verifying ) Tj ET Q q 0 0 0 rg BT 375.80 247.75 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 447.46 247.75 Td (data ) Tj ET Q q 0 0 0 rg BT 467.48 247.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.29 247.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 529.20 247.75 Td (accurate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 235.75 Td (documentation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 219.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 219.35 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 134.48 219.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 174.60 219.35 Td (that ) Tj ET Q q 0 0 0 rg BT 193.60 219.35 Td (reduce ) Tj ET Q q 0 0 0 rg BT 224.24 219.35 Td (the ) Tj ET Q q 0 0 0 rg BT 240.46 219.35 Td (need ) Tj ET Q q 0 0 0 rg BT 263.33 219.35 Td (for ) Tj ET Q q 0 0 0 rg BT 278.99 219.35 Td (IT) Tj ET Q q 0 0 0 rg BT 288.25 219.35 Td ( ) Tj ET Q q 0 0 0 rg BT 292.25 219.35 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 350.11 219.35 Td (and ) Tj ET Q q 0 0 0 rg BT 368.55 219.35 Td (overhead ) Tj ET Q q 0 0 0 rg BT 409.20 219.35 Td (while ) Tj ET Q q 0 0 0 rg BT 435.41 219.35 Td (providing ) Tj ET Q q 0 0 0 rg BT 478.30 219.35 Td (the ) Tj ET Q q 0 0 0 rg BT 494.52 219.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 524.07 219.35 Td (to ) Tj ET Q q 0 0 0 rg BT 535.84 219.35 Td (update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 207.35 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 133.54 207.35 Td (and ) Tj ET Q q 0 0 0 rg BT 150.48 207.35 Td (adopt ) Tj ET Q q 0 0 0 rg BT 175.19 207.35 Td (new ) Tj ET Q q 0 0 0 rg BT 194.35 207.35 Td (regulations ) Tj ET Q q 0 0 0 rg BT 241.29 207.35 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 207.35 Td (a ) Tj ET Q q 0 0 0 rg BT 258.50 207.35 Td (timely ) Tj ET Q q 0 0 0 rg BT 286.55 207.35 Td (manner; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 190.95 Td (customizable ) Tj ET Q q 0 0 0 rg BT 140.02 190.95 Td (business ) Tj ET Q q 0 0 0 rg BT 175.67 190.95 Td (rules ) Tj ET Q q 0 0 0 rg BT 196.87 190.95 Td (to ) Tj ET Q q 0 0 0 rg BT 206.41 190.95 Td (automate ) Tj ET Q q 0 0 0 rg BT 244.83 190.95 Td (processes, ) Tj ET Q q 0 0 0 rg BT 287.41 190.95 Td (promote ) Tj ET Q q 0 0 0 rg BT 322.50 190.95 Td (accountability ) Tj ET Q q 0 0 0 rg BT 380.90 190.95 Td (and ) Tj ET Q q 0 0 0 rg BT 397.10 190.95 Td (enforce ) Tj ET Q q 0 0 0 rg BT 428.84 190.95 Td (business ) Tj ET Q q 0 0 0 rg BT 464.49 190.95 Td (practices ) Tj ET Q q 0 0 0 rg BT 501.79 190.95 Td (that ) Tj ET Q q 0 0 0 rg BT 518.54 190.95 Td (help ) Tj ET Q q 0 0 0 rg BT 537.52 190.95 Td (assure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 178.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 105.22 178.95 Td (quality ) Tj ET Q q 0 0 0 rg BT 135.49 178.95 Td (and ) Tj ET Q q 0 0 0 rg BT 152.43 178.95 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 196.02 178.95 Td (compliance;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 162.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 162.55 Td (a ) Tj ET Q q 0 0 0 rg BT 92.27 162.55 Td (database ) Tj ET Q q 0 0 0 rg BT 129.03 162.55 Td (architecture ) Tj ET Q q 0 0 0 rg BT 178.55 162.55 Td (designed ) Tj ET Q q 0 0 0 rg BT 216.43 162.55 Td (to ) Tj ET Q q 0 0 0 rg BT 226.54 162.55 Td (reduce ) Tj ET Q q 0 0 0 rg BT 255.52 162.55 Td (data ) Tj ET Q q 0 0 0 rg BT 274.51 162.55 Td (errors ) Tj ET Q q 0 0 0 rg BT 300.16 162.55 Td (and ) Tj ET Q q 0 0 0 rg BT 316.93 162.55 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 354.24 162.55 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 409.33 162.55 Td (among ) Tj ET Q q 0 0 0 rg BT 438.88 162.55 Td (departments ) Tj ET Q q 0 0 0 rg BT 490.09 162.55 Td (within ) Tj ET Q q 0 0 0 rg BT 517.98 162.55 Td (a ) Tj ET Q q 0 0 0 rg BT 524.75 162.55 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 150.55 Td (origination ) Tj ET Q q 0 0 0 rg BT 131.88 150.55 Td (company ) Tj ET Q q 0 0 0 rg BT 171.04 150.55 Td (and ) Tj ET Q q 0 0 0 rg BT 187.98 150.55 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 251.01 150.55 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 297.95 150.55 Td (of ) Tj ET Q q 0 0 0 rg BT 308.78 150.55 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 150.55 Td (business ) Tj ET Q q 0 0 0 rg BT 359.89 150.55 Td (of ) Tj ET Q q 0 0 0 rg BT 370.72 150.55 Td (the ) Tj ET Q q 0 0 0 rg BT 385.44 150.55 Td (entire ) Tj ET Q q 0 0 0 rg BT 410.70 150.55 Td (enterprise;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 134.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 134.15 Td (attractive ) Tj ET Q q 0 0 0 rg BT 125.05 134.15 Td (pricing ) Tj ET Q q 0 0 0 rg BT 155.73 134.15 Td (options, ) Tj ET Q q 0 0 0 rg BT 190.03 134.15 Td (such ) Tj ET Q q 0 0 0 rg BT 210.71 134.15 Td (as ) Tj ET Q q 0 0 0 rg BT 221.40 134.15 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.08 134.15 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 298.86 134.15 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.75 134.15 Td ( ) Tj ET Q q 0 0 0 rg BT 330.10 134.15 Td (model, ) Tj ET Q q 0 0 0 rg BT 359.95 134.15 Td (allowing ) Tj ET Q q 0 0 0 rg BT 397.30 134.15 Td (customers ) Tj ET Q q 0 0 0 rg BT 440.20 134.15 Td (to ) Tj ET Q q 0 0 0 rg BT 450.33 134.15 Td (time ) Tj ET Q q 0 0 0 rg BT 470.46 134.15 Td (payments ) Tj ET Q q 0 0 0 rg BT 511.14 134.15 Td (to ) Tj ET Q q 0 0 0 rg BT 521.27 134.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 541.39 134.15 Td (flow;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 117.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 117.75 Td (an ) Tj ET Q q 0 0 0 rg BT 96.82 117.75 Td (integrated ) Tj ET Q q 0 0 0 rg BT 138.68 117.75 Td (network ) Tj ET Q q 0 0 0 rg BT 173.33 117.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.99 117.75 Td (submit ) Tj ET Q q 0 0 0 rg BT 212.10 117.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 231.20 117.75 Td (files ) Tj ET Q q 0 0 0 rg BT 250.30 117.75 Td (electronically ) Tj ET Q q 0 0 0 rg BT 306.59 117.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.91 117.75 Td (securely ) Tj ET Q q 0 0 0 rg BT 358.11 117.75 Td (to ) Tj ET Q q 0 0 0 rg BT 367.77 117.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 398.53 117.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.85 117.75 Td (electronically ) Tj ET Q q 0 0 0 rg BT 471.14 117.75 Td (order ) Tj ET Q q 0 0 0 rg BT 494.12 117.75 Td (all ) Tj ET Q q 0 0 0 rg BT 506.00 117.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.21 117.75 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 117.75 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 105.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 126.87 105.75 Td (to ) Tj ET Q q 0 0 0 rg BT 137.15 105.75 Td (originate ) Tj ET Q q 0 0 0 rg BT 175.19 105.75 Td (a ) Tj ET Q q 0 0 0 rg BT 182.13 105.75 Td (loan; ) Tj ET Q q 0 0 0 rg BT 204.62 105.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 89.35 Td (security) Tj ET Q q 0 0 0 rg BT 116.51 89.35 Td (, ) Tj ET Q q 0 0 0 rg BT 121.51 89.35 Td (reliability ) Tj ET Q q 0 0 0 rg BT 162.88 89.35 Td (and ) Tj ET Q q 0 0 0 rg BT 179.82 89.35 Td (data ) Tj ET Q q 0 0 0 rg BT 198.98 89.35 Td (security) Tj ET Q q 0 0 0 rg BT 229.98 89.35 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (14) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 101.44 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.17 740.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 153.09 740.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 162.72 740.10 Td (oviders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.70 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 723.70 Td (e ) Tj ET Q q 0 0 0 rg BT 87.92 723.70 Td (only ) Tj ET Q q 0 0 0 rg BT 108.04 723.70 Td (of) Tj ET Q q 0 0 0 rg BT 116.19 723.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 129.63 723.70 Td (our ) Tj ET Q q 0 0 0 rg BT 145.30 723.70 Td (other ) Tj ET Q q 0 0 0 rg BT 168.19 723.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 216.08 723.70 Td (software ) Tj ET Q q 0 0 0 rg BT 252.85 723.70 Td (services ) Tj ET Q q 0 0 0 rg BT 287.40 723.70 Td (to ) Tj ET Q q 0 0 0 rg BT 297.53 723.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 345.42 723.70 Td (users. ) Tj ET Q q 0 0 0 rg BT 370.64 723.70 Td (There ) Tj ET Q q 0 0 0 rg BT 396.30 723.70 Td (are ) Tj ET Q q 0 0 0 rg BT 410.85 723.70 Td (many ) Tj ET Q q 0 0 0 rg BT 435.41 723.70 Td (other ) Tj ET Q q 0 0 0 rg BT 458.30 723.70 Td (service ) Tj ET Q q 0 0 0 rg BT 488.96 723.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 529.07 723.70 Td (that ) Tj ET Q q 0 0 0 rg BT 546.40 723.70 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.70 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 711.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 71.25 711.70 Td (our ) Tj ET Q q 0 0 0 rg BT 87.08 711.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 135.13 711.70 Td (users ) Tj ET Q q 0 0 0 rg BT 158.18 711.70 Td (competing ) Tj ET Q q 0 0 0 rg BT 202.89 711.70 Td (software ) Tj ET Q q 0 0 0 rg BT 239.82 711.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 277.02 711.70 Td (including:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 689.80 Td (Borr) Tj ET Q q 0 0 0 rg BT 91.02 689.80 Td (ower) Tj ET Q q 0 0 0 rg BT 110.82 689.80 Td (-facing ) Tj ET Q q 0 0 0 rg BT 141.65 689.80 Td (W) Tj ET Q q 0 0 0 rg BT 149.06 689.80 Td (ebsites) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 689.80 Td (.) Tj ET Q q 0 0 0 rg BT 181.10 689.80 Td (W) Tj ET Q q 0 0 0 rg BT 189.73 689.80 Td (e ) Tj ET Q q 0 0 0 rg BT 196.67 689.80 Td (compete ) Tj ET Q q 0 0 0 rg BT 233.05 689.80 Td (against ) Tj ET Q q 0 0 0 rg BT 263.88 689.80 Td (providers ) Tj ET Q q 0 0 0 rg BT 304.15 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 314.98 689.80 Td (borrower) Tj ET Q q 0 0 0 rg BT 351.43 689.80 Td (-facing ) Tj ET Q q 0 0 0 rg BT 382.25 689.80 Td (websites ) Tj ET Q q 0 0 0 rg BT 419.19 689.80 Td (for ) Tj ET Q q 0 0 0 rg BT 433.35 689.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 473.62 689.80 Td (originators, ) Tj ET Q q 0 0 0 rg BT 521.95 689.80 Td (including: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.80 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 677.80 Td (la ) Tj ET Q q 0 0 0 rg BT 66.16 677.80 Td (mode, ) Tj ET Q q 0 0 0 rg BT 93.37 677.80 Td (inc.; ) Tj ET Q q 0 0 0 rg BT 113.37 677.80 Td (DH ) Tj ET Q q 0 0 0 rg BT 130.31 677.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 181.14 677.80 Td (and ) Tj ET Q q 0 0 0 rg BT 198.07 677.80 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 239.45 677.80 Td (Internet ) Tj ET Q q 0 0 0 rg BT 272.86 677.80 Td (T) Tj ET Q q 0 0 0 rg BT 278.27 677.80 Td (echnologies, ) Tj ET Q q 0 0 0 rg BT 331.04 677.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 348.81 677.80 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 369.08 677.80 Td (vLender) Tj ET Q q 0 0 0 rg BT 401.84 677.80 Td (.Com\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 655.90 Td (Document ) Tj ET Q q 0 0 0 rg BT 115.78 655.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 125.41 655.90 Td (eparation ) Tj ET Q q 0 0 0 rg BT 166.48 655.90 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.79 655.90 Td (.) Tj ET Q q 0 0 0 rg BT 204.61 655.90 Td (W) Tj ET Q q 0 0 0 rg BT 213.25 655.90 Td (e ) Tj ET Q q 0 0 0 rg BT 219.87 655.90 Td (compete ) Tj ET Q q 0 0 0 rg BT 255.93 655.90 Td (against ) Tj ET Q q 0 0 0 rg BT 286.44 655.90 Td (document ) Tj ET Q q 0 0 0 rg BT 328.05 655.90 Td (preparation ) Tj ET Q q 0 0 0 rg BT 375.77 655.90 Td (service ) Tj ET Q q 0 0 0 rg BT 406.26 655.90 Td (providers, ) Tj ET Q q 0 0 0 rg BT 448.72 655.90 Td (including: ) Tj ET Q q 0 0 0 rg BT 491.45 655.90 Td (DigitalDocs, ) Tj ET Q q 0 0 0 rg BT 544.46 655.90 Td (Inc.; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.90 Td (DocMagic ) Tj ET Q q 0 0 0 rg BT 93.75 643.90 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 113.83 643.90 Td (LenderLive ) Tj ET Q q 0 0 0 rg BT 162.51 643.90 Td (Network, ) Tj ET Q q 0 0 0 rg BT 202.04 643.90 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 222.12 643.90 Td (MRG ) Tj ET Q q 0 0 0 rg BT 246.95 643.90 Td (Document ) Tj ET Q q 0 0 0 rg BT 290.49 643.90 Td (T) Tj ET Q q 0 0 0 rg BT 295.90 643.90 Td (echnologies; ) Tj ET Q q 0 0 0 rg BT 348.48 643.90 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 389.40 643.90 Td (Banking ) Tj ET Q q 0 0 0 rg BT 425.32 643.90 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 463.20 643.90 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 483.29 643.90 Td (and ) Tj ET Q q 0 0 0 rg BT 499.62 643.90 Td (W) Tj ET Q q 0 0 0 rg BT 508.26 643.90 Td (olters ) Tj ET Q q 0 0 0 rg BT 532.51 643.90 Td (Kluwer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 631.90 Td (Services, ) Tj ET Q q 0 0 0 rg BT 128.09 631.90 Td (Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 610.00 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 123.61 610.00 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.92 610.00 Td (.) Tj ET Q q 0 0 0 rg BT 161.74 610.00 Td (W) Tj ET Q q 0 0 0 rg BT 170.38 610.00 Td (e ) Tj ET Q q 0 0 0 rg BT 177.60 610.00 Td (compete ) Tj ET Q q 0 0 0 rg BT 214.25 610.00 Td (against ) Tj ET Q q 0 0 0 rg BT 245.36 610.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 294.23 610.00 Td (software ) Tj ET Q q 0 0 0 rg BT 331.44 610.00 Td (service ) Tj ET Q q 0 0 0 rg BT 362.53 610.00 Td (providers, ) Tj ET Q q 0 0 0 rg BT 405.58 610.00 Td (including: ) Tj ET Q q 0 0 0 rg BT 448.91 610.00 Td (Interthinx, ) Tj ET Q q 0 0 0 rg BT 493.63 610.00 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 514.18 610.00 Td (a ) Tj ET Q q 0 0 0 rg BT 521.40 610.00 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.63 598.00 Td (First ) Tj ET Q q 0 0 0 rg BT 82.93 598.00 Td (American ) Tj ET Q q 0 0 0 rg BT 126.15 598.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 167.16 598.00 Td (Corporation; ) Tj ET Q q 0 0 0 rg BT 222.06 598.00 Td (LogicEase ) Tj ET Q q 0 0 0 rg BT 268.07 598.00 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 309.65 598.00 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 331.22 598.00 Td (an ) Tj ET Q q 0 0 0 rg BT 344.46 598.00 Td (investee ) Tj ET Q q 0 0 0 rg BT 381.02 598.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.15 598.00 Td (Corelogic, ) Tj ET Q q 0 0 0 rg BT 438.88 598.00 Td (and ) Tj ET Q q 0 0 0 rg BT 456.84 598.00 Td (W) Tj ET Q q 0 0 0 rg BT 465.48 598.00 Td (olters ) Tj ET Q q 0 0 0 rg BT 491.50 598.00 Td (Kluwer ) Tj ET Q q 0 0 0 rg BT 525.29 598.00 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.00 Td (Services, ) Tj ET Q q 0 0 0 rg BT 88.38 586.00 Td (Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 564.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.13 564.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 108.82 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.30 564.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 162.77 564.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.08 564.10 Td (.) Tj ET Q q 0 0 0 rg BT 200.90 564.10 Td (W) Tj ET Q q 0 0 0 rg BT 209.54 564.10 Td (e ) Tj ET Q q 0 0 0 rg BT 218.45 564.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 256.80 564.10 Td (against ) Tj ET Q q 0 0 0 rg BT 289.60 564.10 Td (product ) Tj ET Q q 0 0 0 rg BT 324.62 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.54 564.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 376.34 564.10 Td (service ) Tj ET Q q 0 0 0 rg BT 409.13 564.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 453.87 564.10 Td (including:Insight ) Tj ET Q q 0 0 0 rg BT 529.17 564.10 Td (Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 92.29 552.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 112.83 552.10 Td (Mortech, ) Tj ET Q q 0 0 0 rg BT 151.71 552.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 171.98 552.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.92 552.10 Td (Zillow ) Tj ET Q q 0 0 0 rg BT 208.08 552.10 Td (business; ) Tj ET Q q 0 0 0 rg BT 247.25 552.10 Td (LoanLogics ) Tj ET Q q 0 0 0 rg BT 297.52 552.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 335.00 552.10 Td (NYLX, ) Tj ET Q q 0 0 0 rg BT 367.78 552.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 385.54 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.48 552.10 Td (Optimal ) Tj ET Q q 0 0 0 rg BT 437.76 552.10 Td (Blue, ) Tj ET Q q 0 0 0 rg BT 461.64 552.10 Td (LLC. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 530.20 Td (Electr) Tj ET Q q 0 0 0 rg BT 96.56 530.20 Td (onic ) Tj ET Q q 0 0 0 rg BT 115.75 530.20 Td (Document ) Tj ET Q q 0 0 0 rg BT 158.81 530.20 Td (Management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.52 530.20 Td () Tj ET Q q 0 0 0 rg BT 215.84 530.20 Td (W) Tj ET Q q 0 0 0 rg BT 224.48 530.20 Td (e ) Tj ET Q q 0 0 0 rg BT 230.88 530.20 Td (compete ) Tj ET Q q 0 0 0 rg BT 266.72 530.20 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.02 530.20 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.24 530.20 Td ( ) Tj ET Q q 0 0 0 rg BT 321.21 530.20 Td (providers, ) Tj ET Q q 0 0 0 rg BT 363.44 530.20 Td (including: ) Tj ET Q q 0 0 0 rg BT 405.96 530.20 Td (Encomia ) Tj ET Q q 0 0 0 rg BT 443.47 530.20 Td (LP; ) Tj ET Q q 0 0 0 rg BT 459.89 530.20 Td (SigniaDocs, ) Tj ET Q q 0 0 0 rg BT 510.46 530.20 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 530.34 530.20 Td (V) Tj ET Q q 0 0 0 rg BT 536.96 530.20 Td (irPack ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 100.33 518.20 Td (and ) Tj ET Q q 0 0 0 rg BT 117.26 518.20 Td (Xerox ) Tj ET Q q 0 0 0 rg BT 144.75 518.20 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 186.13 518.20 Td (Services, ) Tj ET Q q 0 0 0 rg BT 225.01 518.20 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 496.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 496.30 Td (e ) Tj ET Q q 0 0 0 rg BT 88.55 496.30 Td (compete ) Tj ET Q q 0 0 0 rg BT 125.39 496.30 Td (against ) Tj ET Q q 0 0 0 rg BT 156.68 496.30 Td (these ) Tj ET Q q 0 0 0 rg BT 180.20 496.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 220.94 496.30 Td (not ) Tj ET Q q 0 0 0 rg BT 236.69 496.30 Td (only ) Tj ET Q q 0 0 0 rg BT 257.44 496.30 Td (based ) Tj ET Q q 0 0 0 rg BT 283.18 496.30 Td (on ) Tj ET Q q 0 0 0 rg BT 296.15 496.30 Td (the ) Tj ET Q q 0 0 0 rg BT 311.33 496.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 342.08 496.30 Td (of ) Tj ET Q q 0 0 0 rg BT 353.38 496.30 Td (the ) Tj ET Q q 0 0 0 rg BT 368.56 496.30 Td (service ) Tj ET Q q 0 0 0 rg BT 399.85 496.30 Td (we ) Tj ET Q q 0 0 0 rg BT 414.48 496.30 Td (of) Tj ET Q q 0 0 0 rg BT 422.63 496.30 Td (fer) Tj ET Q q 0 0 0 rg BT 433.33 496.30 Td (, ) Tj ET Q q 0 0 0 rg BT 438.80 496.30 Td (but ) Tj ET Q q 0 0 0 rg BT 454.55 496.30 Td (also ) Tj ET Q q 0 0 0 rg BT 473.63 496.30 Td (on ) Tj ET Q q 0 0 0 rg BT 486.60 496.30 Td (integration ) Tj ET Q q 0 0 0 rg BT 532.89 496.30 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 496.30 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.29 484.30 Td (service ) Tj ET Q q 0 0 0 rg BT 114.31 484.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 152.56 484.30 Td (within ) Tj ET Q q 0 0 0 rg BT 180.81 484.30 Td (Encompass) Tj ET Q q 0 0 0 rg BT 229.14 484.30 Td (s ) Tj ET Q q 0 0 0 rg BT 235.73 484.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 266.19 484.30 Td (workflow) Tj ET Q q 0 0 0 rg BT 304.43 484.30 Td (. ) Tj ET Q q 0 0 0 rg BT 309.43 484.30 Td (This ) Tj ET Q q 0 0 0 rg BT 329.91 484.30 Td (enhances ) Tj ET Q q 0 0 0 rg BT 369.26 484.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 409.72 484.30 Td (originators) Tj ET Q q 0 0 0 rg BT 455.63 484.30 Td ( ) Tj ET Q q 0 0 0 rg BT 458.33 484.30 Td (control ) Tj ET Q q 0 0 0 rg BT 489.36 484.30 Td (over ) Tj ET Q q 0 0 0 rg BT 509.83 484.30 Td (the ) Tj ET Q q 0 0 0 rg BT 524.74 484.30 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.30 Td (origination ) Tj ET Q q 0 0 0 rg BT 95.88 472.30 Td (process ) Tj ET Q q 0 0 0 rg BT 128.37 472.30 Td (and ) Tj ET Q q 0 0 0 rg BT 145.31 472.30 Td (reduces ) Tj ET Q q 0 0 0 rg BT 178.35 472.30 Td (errors ) Tj ET Q q 0 0 0 rg BT 204.17 472.30 Td (and ) Tj ET Q q 0 0 0 rg BT 221.11 472.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.61 472.30 Td (through ) Tj ET Q q 0 0 0 rg BT 277.21 472.30 Td (the ) Tj ET Q q 0 0 0 rg BT 291.93 472.30 Td (seamless ) Tj ET Q q 0 0 0 rg BT 329.98 472.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 370.23 472.30 Td (of ) Tj ET Q q 0 0 0 rg BT 381.06 472.30 Td (data ) Tj ET Q q 0 0 0 rg BT 400.22 472.30 Td (across ) Tj ET Q q 0 0 0 rg BT 427.71 472.30 Td (applications ) Tj ET Q q 0 0 0 rg BT 478.53 472.30 Td (and ) Tj ET Q q 0 0 0 rg BT 495.47 472.30 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 446.00 Td (Competition ) Tj ET Q q 0 0 0 rg BT 103.44 446.00 Td (Regar) Tj ET Q q 0 0 0 rg BT 127.51 446.00 Td (ding ) Tj ET Q q 0 0 0 rg BT 147.79 446.00 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 162.51 446.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 183.89 446.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 204.16 446.00 Td (Network) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 429.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.46 429.60 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 111.75 429.60 Td (Mae ) Tj ET Q q 0 0 0 rg BT 131.92 429.60 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 429.60 Td ( ) Tj ET Q q 0 0 0 rg BT 169.32 429.60 Td (is ) Tj ET Q q 0 0 0 rg BT 178.40 429.60 Td (only ) Tj ET Q q 0 0 0 rg BT 198.59 429.60 Td (available ) Tj ET Q q 0 0 0 rg BT 237.09 429.60 Td (to ) Tj ET Q q 0 0 0 rg BT 247.27 429.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 287.44 429.60 Td (originators ) Tj ET Q q 0 0 0 rg BT 333.18 429.60 Td (using ) Tj ET Q q 0 0 0 rg BT 357.26 429.60 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 407.54 429.60 Td (The ) Tj ET Q q 0 0 0 rg BT 425.49 429.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.44 429.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 513.62 429.60 Td (to ) Tj ET Q q 0 0 0 rg BT 523.81 429.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.43 429.60 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 429.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.17 417.60 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 85.51 417.60 Td (Mae ) Tj ET Q q 0 0 0 rg BT 105.73 417.60 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.72 417.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.17 417.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 177.28 417.60 Td (traditional ) Tj ET Q q 0 0 0 rg BT 220.83 417.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 257.17 417.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.96 417.60 Td (exchanging ) Tj ET Q q 0 0 0 rg BT 316.50 417.60 Td (data ) Tj ET Q q 0 0 0 rg BT 335.61 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.51 417.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 398.28 417.60 Td (among ) Tj ET Q q 0 0 0 rg BT 427.95 417.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 468.17 417.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 503.40 417.60 Td (participants ) Tj ET Q q 0 0 0 rg BT 552.51 417.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.60 Td (email, ) Tj ET Q q 0 0 0 rg BT 77.72 405.60 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 120.39 405.60 Td (phone, ) Tj ET Q q 0 0 0 rg BT 150.84 405.60 Td (courier ) Tj ET Q q 0 0 0 rg BT 182.67 405.60 Td (and ) Tj ET Q q 0 0 0 rg BT 200.62 405.60 Td (mail. ) Tj ET Q q 0 0 0 rg BT 224.40 405.60 Td (In ) Tj ET Q q 0 0 0 rg BT 236.24 405.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 275.03 405.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 326.31 405.60 Td (comes ) Tj ET Q q 0 0 0 rg BT 355.37 405.60 Td (from ) Tj ET Q q 0 0 0 rg BT 378.32 405.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 419.60 405.60 Td (originators ) Tj ET Q q 0 0 0 rg BT 466.43 405.60 Td (using ) Tj ET Q q 0 0 0 rg BT 491.62 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 499.57 405.60 Td (standalone ) Tj ET Q q 0 0 0 rg BT 545.84 405.60 Td (web ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.60 Td (browser ) Tj ET Q q 0 0 0 rg BT 84.91 393.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.89 393.60 Td (go ) Tj ET Q q 0 0 0 rg BT 109.09 393.60 Td (individually ) Tj ET Q q 0 0 0 rg BT 160.62 393.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.60 393.60 Td (each ) Tj ET Q q 0 0 0 rg BT 193.12 393.60 Td (investor) Tj ET Q q 0 0 0 rg BT 224.93 393.60 Td (, ) Tj ET Q q 0 0 0 rg BT 230.64 393.60 Td (lender) Tj ET Q q 0 0 0 rg BT 255.22 393.60 Td (, ) Tj ET Q q 0 0 0 rg BT 260.92 393.60 Td (or ) Tj ET Q q 0 0 0 rg BT 272.45 393.60 Td (service ) Tj ET Q q 0 0 0 rg BT 303.97 393.60 Td (provider) Tj ET Q q 0 0 0 rg BT 338.22 393.60 Td () Tj ET Q q 0 0 0 rg BT 340.99 393.60 Td (s ) Tj ET Q q 0 0 0 rg BT 348.09 393.60 Td (website ) Tj ET Q q 0 0 0 rg BT 381.83 393.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.47 393.60 Td (then ) Tj ET Q q 0 0 0 rg BT 419.89 393.60 Td (manually ) Tj ET Q q 0 0 0 rg BT 460.30 393.60 Td (upload ) Tj ET Q q 0 0 0 rg BT 490.72 393.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.14 393.60 Td (data ) Tj ET Q q 0 0 0 rg BT 530.99 393.60 Td (or ) Tj ET Q q 0 0 0 rg BT 542.52 393.60 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.60 Td (information ) Tj ET Q q 0 0 0 rg BT 98.59 381.60 Td (into ) Tj ET Q q 0 0 0 rg BT 116.03 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.13 381.60 Td (website. ) Tj ET Q q 0 0 0 rg BT 165.06 381.60 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 205.82 381.60 Td (originators ) Tj ET Q q 0 0 0 rg BT 251.03 381.60 Td (may ) Tj ET Q q 0 0 0 rg BT 270.13 381.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 306.44 381.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.10 381.60 Td (use ) Tj ET Q q 0 0 0 rg BT 331.32 381.60 Td (these ) Tj ET Q q 0 0 0 rg BT 353.75 381.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 389.51 381.60 Td (due ) Tj ET Q q 0 0 0 rg BT 405.84 381.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.50 381.60 Td (habit, ) Tj ET Q q 0 0 0 rg BT 439.87 381.60 Td (personal ) Tj ET Q q 0 0 0 rg BT 475.63 381.60 Td (business ) Tj ET Q q 0 0 0 rg BT 511.41 381.60 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.60 Td (or ) Tj ET Q q 0 0 0 rg BT 59.86 369.60 Td (for ) Tj ET Q q 0 0 0 rg BT 73.55 369.60 Td (other ) Tj ET Q q 0 0 0 rg BT 96.12 369.60 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 130.64 369.60 Td (despite ) Tj ET Q q 0 0 0 rg BT 160.99 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.24 369.60 Td (disadvantages ) Tj ET Q q 0 0 0 rg BT 233.36 369.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.72 369.60 Td (duplicative ) Tj ET Q q 0 0 0 rg BT 290.17 369.60 Td (ef) Tj ET Q q 0 0 0 rg BT 297.76 369.60 Td (forts, ) Tj ET Q q 0 0 0 rg BT 320.62 369.60 Td (time ) Tj ET Q q 0 0 0 rg BT 340.42 369.60 Td (delays, ) Tj ET Q q 0 0 0 rg BT 370.49 369.60 Td (errors ) Tj ET Q q 0 0 0 rg BT 395.84 369.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.31 369.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 436.84 369.60 Td (redundant ) Tj ET Q q 0 0 0 rg BT 478.85 369.60 Td (paper ) Tj ET Q q 0 0 0 rg BT 503.08 369.60 Td (documentation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 357.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 103.93 357.60 Td (privacy ) Tj ET Q q 0 0 0 rg BT 136.41 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.35 357.60 Td (security ) Tj ET Q q 0 0 0 rg BT 187.51 357.60 Td (breaches.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 335.70 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 106.66 335.70 Td (and ) Tj ET Q q 0 0 0 rg BT 123.05 335.70 Td (service ) Tj ET Q q 0 0 0 rg BT 153.32 335.70 Td (providers, ) Tj ET Q q 0 0 0 rg BT 195.54 335.70 Td (including ) Tj ET Q q 0 0 0 rg BT 235.27 335.70 Td (those ) Tj ET Q q 0 0 0 rg BT 258.33 335.70 Td (who ) Tj ET Q q 0 0 0 rg BT 277.50 335.70 Td (participate ) Tj ET Q q 0 0 0 rg BT 321.66 335.70 Td (on ) Tj ET Q q 0 0 0 rg BT 333.61 335.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.78 335.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 368.61 335.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 388.33 335.70 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.33 335.70 Td (, ) Tj ET Q q 0 0 0 rg BT 427.78 335.70 Td (can ) Tj ET Q q 0 0 0 rg BT 443.61 335.70 Td (and ) Tj ET Q q 0 0 0 rg BT 460.00 335.70 Td (do ) Tj ET Q q 0 0 0 rg BT 471.95 335.70 Td (connect ) Tj ET Q q 0 0 0 rg BT 505.00 335.70 Td (with ) Tj ET Q q 0 0 0 rg BT 524.73 335.70 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 94.90 323.70 Td (that ) Tj ET Q q 0 0 0 rg BT 111.97 323.70 Td (are ) Tj ET Q q 0 0 0 rg BT 126.25 323.70 Td (not ) Tj ET Q q 0 0 0 rg BT 141.10 323.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.72 323.70 Td (users ) Tj ET Q q 0 0 0 rg BT 211.34 323.70 Td (in ) Tj ET Q q 0 0 0 rg BT 221.19 323.70 Td (a ) Tj ET Q q 0 0 0 rg BT 227.70 323.70 Td (variety ) Tj ET Q q 0 0 0 rg BT 257.54 323.70 Td (of ) Tj ET Q q 0 0 0 rg BT 267.94 323.70 Td (ways, ) Tj ET Q q 0 0 0 rg BT 293.07 323.70 Td (including ) Tj ET Q q 0 0 0 rg BT 332.91 323.70 Td (through ) Tj ET Q q 0 0 0 rg BT 366.09 323.70 Td (other ) Tj ET Q q 0 0 0 rg BT 388.71 323.70 Td (networks ) Tj ET Q q 0 0 0 rg BT 427.45 323.70 Td (between ) Tj ET Q q 0 0 0 rg BT 462.83 323.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 502.67 323.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 548.07 323.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 80.88 311.70 Td (and ) Tj ET Q q 0 0 0 rg BT 97.82 311.70 Td (service ) Tj ET Q q 0 0 0 rg BT 128.63 311.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 168.90 311.70 Td (such ) Tj ET Q q 0 0 0 rg BT 189.73 311.70 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.56 311.70 Td (Black ) Tj ET Q q 0 0 0 rg BT 226.38 311.70 Td (Knight ) Tj ET Q q 0 0 0 rg BT 256.66 311.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 296.38 311.70 Td (Services, ) Tj ET Q q 0 0 0 rg BT 335.25 311.70 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 359.14 311.70 Td (a ) Tj ET Q q 0 0 0 rg BT 366.08 311.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 409.69 311.70 Td (of ) Tj ET Q q 0 0 0 rg BT 420.52 311.70 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 454.13 311.70 Td (National ) Tj ET Q q 0 0 0 rg BT 491.06 311.70 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 533.27 311.70 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 289.80 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 289.80 Td (e ) Tj ET Q q 0 0 0 rg BT 88.36 289.80 Td (compete ) Tj ET Q q 0 0 0 rg BT 125.01 289.80 Td (with ) Tj ET Q q 0 0 0 rg BT 145.57 289.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 176.66 289.80 Td (to ) Tj ET Q q 0 0 0 rg BT 187.22 289.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.22 289.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 223.88 289.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 244.43 289.80 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.42 289.80 Td ( ) Tj ET Q q 0 0 0 rg BT 282.20 289.80 Td (based ) Tj ET Q q 0 0 0 rg BT 307.74 289.80 Td (on ) Tj ET Q q 0 0 0 rg BT 320.52 289.80 Td (of) Tj ET Q q 0 0 0 rg BT 328.67 289.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 355.33 289.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 395.87 289.80 Td (originators ) Tj ET Q q 0 0 0 rg BT 441.98 289.80 Td (accessibility ) Tj ET Q q 0 0 0 rg BT 494.19 289.80 Td (to ) Tj ET Q q 0 0 0 rg BT 504.75 289.80 Td (a ) Tj ET Q q 0 0 0 rg BT 511.96 289.80 Td (critical ) Tj ET Q q 0 0 0 rg BT 542.50 289.80 Td (mass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 60.58 277.80 Td (investors, ) Tj ET Q q 0 0 0 rg BT 101.94 277.80 Td (lenders ) Tj ET Q q 0 0 0 rg BT 133.57 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 150.76 277.80 Td (service ) Tj ET Q q 0 0 0 rg BT 181.83 277.80 Td (providers ) Tj ET Q q 0 0 0 rg BT 222.35 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 239.54 277.80 Td (enabling ) Tj ET Q q 0 0 0 rg BT 276.72 277.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 317.24 277.80 Td (originators ) Tj ET Q q 0 0 0 rg BT 363.31 277.80 Td (to ) Tj ET Q q 0 0 0 rg BT 373.84 277.80 Td (transact ) Tj ET Q q 0 0 0 rg BT 407.69 277.80 Td (all ) Tj ET Q q 0 0 0 rg BT 420.44 277.80 Td (aspects ) Tj ET Q q 0 0 0 rg BT 452.06 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 463.15 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 478.11 277.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 518.63 277.80 Td (origination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.80 Td (process ) Tj ET Q q 0 0 0 rg BT 82.65 265.80 Td (over ) Tj ET Q q 0 0 0 rg BT 103.58 265.80 Td (the ) Tj ET Q q 0 0 0 rg BT 118.96 265.80 Td (network. ) Tj ET Q q 0 0 0 rg BT 157.40 265.80 Td (In ) Tj ET Q q 0 0 0 rg BT 168.89 265.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 207.33 265.80 Td (we ) Tj ET Q q 0 0 0 rg BT 222.15 265.80 Td (compete ) Tj ET Q q 0 0 0 rg BT 259.18 265.80 Td (with ) Tj ET Q q 0 0 0 rg BT 280.13 265.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 311.60 265.80 Td (to ) Tj ET Q q 0 0 0 rg BT 322.55 265.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.93 265.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 359.97 265.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 380.90 265.80 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.89 265.80 Td ( ) Tj ET Q q 0 0 0 rg BT 419.06 265.80 Td (by ) Tj ET Q q 0 0 0 rg BT 432.22 265.80 Td (providing ) Tj ET Q q 0 0 0 rg BT 474.27 265.80 Td (investors, ) Tj ET Q q 0 0 0 rg BT 516.04 265.80 Td (lenders ) Tj ET Q q 0 0 0 rg BT 548.08 265.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.80 Td (service ) Tj ET Q q 0 0 0 rg BT 81.68 253.80 Td (providers ) Tj ET Q q 0 0 0 rg BT 123.32 253.80 Td (with ) Tj ET Q q 0 0 0 rg BT 144.97 253.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 176.59 253.80 Td (access ) Tj ET Q q 0 0 0 rg BT 205.99 253.80 Td (to ) Tj ET Q q 0 0 0 rg BT 217.64 253.80 Td (the ) Tj ET Q q 0 0 0 rg BT 233.72 253.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 275.35 253.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 323.10 253.80 Td (community) Tj ET Q q 0 0 0 rg BT 368.01 253.80 Td (, ) Tj ET Q q 0 0 0 rg BT 374.37 253.80 Td (which ) Tj ET Q q 0 0 0 rg BT 402.68 253.80 Td (enables ) Tj ET Q q 0 0 0 rg BT 436.53 253.80 Td (them ) Tj ET Q q 0 0 0 rg BT 460.40 253.80 Td (to ) Tj ET Q q 0 0 0 rg BT 472.04 253.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.66 253.80 Td (their ) Tj ET Q q 0 0 0 rg BT 530.86 253.80 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.80 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 98.67 241.80 Td (and ) Tj ET Q q 0 0 0 rg BT 115.60 241.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 140.87 241.80 Td (the ) Tj ET Q q 0 0 0 rg BT 155.59 241.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 174.20 241.80 Td (of ) Tj ET Q q 0 0 0 rg BT 185.03 241.80 Td (marketing ) Tj ET Q q 0 0 0 rg BT 228.07 241.80 Td (and ) Tj ET Q q 0 0 0 rg BT 245.01 241.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 284.16 241.80 Td (support.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 219.90 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 219.90 Td (e ) Tj ET Q q 0 0 0 rg BT 88.46 219.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.21 219.90 Td (we ) Tj ET Q q 0 0 0 rg BT 134.75 219.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.83 219.90 Td (compete ) Tj ET Q q 0 0 0 rg BT 211.59 219.90 Td (favorably ) Tj ET Q q 0 0 0 rg BT 252.78 219.90 Td (with ) Tj ET Q q 0 0 0 rg BT 273.44 219.90 Td (our ) Tj ET Q q 0 0 0 rg BT 289.65 219.90 Td (competitors; ) Tj ET Q q 0 0 0 rg BT 342.52 219.90 Td (however) Tj ET Q q 0 0 0 rg BT 376.55 219.90 Td (, ) Tj ET Q q 0 0 0 rg BT 381.93 219.90 Td (some ) Tj ET Q q 0 0 0 rg BT 405.92 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 417.13 219.90 Td (our ) Tj ET Q q 0 0 0 rg BT 433.34 219.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 460.10 219.90 Td (and ) Tj ET Q q 0 0 0 rg BT 477.42 219.90 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.29 219.90 Td (competitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.90 Td (enjoy ) Tj ET Q q 0 0 0 rg BT 74.06 207.90 Td (substantial ) Tj ET Q q 0 0 0 rg BT 119.17 207.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 168.72 207.90 Td (advantages ) Tj ET Q q 0 0 0 rg BT 215.49 207.90 Td (over ) Tj ET Q q 0 0 0 rg BT 235.60 207.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 249.33 207.90 Td (such ) Tj ET Q q 0 0 0 rg BT 270.00 207.90 Td (as ) Tj ET Q q 0 0 0 rg BT 280.67 207.90 Td (longer ) Tj ET Q q 0 0 0 rg BT 308.56 207.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.67 207.90 Td (histories ) Tj ET Q q 0 0 0 rg BT 384.89 207.90 Td (and ) Tj ET Q q 0 0 0 rg BT 401.67 207.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 454.00 207.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 484.10 207.90 Td (financial, ) Tj ET Q q 0 0 0 rg BT 523.92 207.90 Td (technical, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.90 Td (marketing ) Tj ET Q q 0 0 0 rg BT 92.54 195.90 Td (and ) Tj ET Q q 0 0 0 rg BT 109.48 195.90 Td (other ) Tj ET Q q 0 0 0 rg BT 132.53 195.90 Td (resources.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 169.60 Td (Government ) Tj ET Q q 0 0 0 rg BT 105.88 169.60 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 153.20 Td (The ) Tj ET Q q 0 0 0 rg BT 90.41 153.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 110.55 153.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 150.67 153.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.81 153.20 Td (is ) Tj ET Q q 0 0 0 rg BT 194.84 153.20 Td (heavily ) Tj ET Q q 0 0 0 rg BT 226.63 153.20 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 268.70 153.20 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 309.93 153.20 Td (originators, ) Tj ET Q q 0 0 0 rg BT 358.12 153.20 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 391.86 153.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 430.32 153.20 Td (and ) Tj ET Q q 0 0 0 rg BT 447.12 153.20 Td (service ) Tj ET Q q 0 0 0 rg BT 477.80 153.20 Td (providers ) Tj ET Q q 0 0 0 rg BT 517.93 153.20 Td (with ) Tj ET Q q 0 0 0 rg BT 538.06 153.20 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.20 Td (we ) Tj ET Q q 0 0 0 rg BT 62.74 141.20 Td (do ) Tj ET Q q 0 0 0 rg BT 74.31 141.20 Td (business ) Tj ET Q q 0 0 0 rg BT 109.78 141.20 Td (are ) Tj ET Q q 0 0 0 rg BT 123.56 141.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 153.46 141.20 Td (to ) Tj ET Q q 0 0 0 rg BT 162.82 141.20 Td (federal, ) Tj ET Q q 0 0 0 rg BT 194.65 141.20 Td (state ) Tj ET Q q 0 0 0 rg BT 214.55 141.20 Td (and ) Tj ET Q q 0 0 0 rg BT 230.57 141.20 Td (local ) Tj ET Q q 0 0 0 rg BT 251.58 141.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 271.48 141.20 Td (that ) Tj ET Q q 0 0 0 rg BT 288.05 141.20 Td (regulate ) Tj ET Q q 0 0 0 rg BT 321.83 141.20 Td (and ) Tj ET Q q 0 0 0 rg BT 337.85 141.20 Td (restrict ) Tj ET Q q 0 0 0 rg BT 367.19 141.20 Td (the ) Tj ET Q q 0 0 0 rg BT 380.98 141.20 Td (manner ) Tj ET Q q 0 0 0 rg BT 412.54 141.20 Td (in ) Tj ET Q q 0 0 0 rg BT 421.89 141.20 Td (which ) Tj ET Q q 0 0 0 rg BT 447.91 141.20 Td (they ) Tj ET Q q 0 0 0 rg BT 466.70 141.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 497.70 141.20 Td (in ) Tj ET Q q 0 0 0 rg BT 507.06 141.20 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 141.20 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.41 129.20 Td (industry) Tj ET Q q 0 0 0 rg BT 121.54 129.20 Td (, ) Tj ET Q q 0 0 0 rg BT 126.18 129.20 Td (including ) Tj ET Q q 0 0 0 rg BT 166.09 129.20 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 212.12 129.20 Td (X ) Tj ET Q q 0 0 0 rg BT 221.48 129.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.96 129.20 Td (RESP) Tj ET Q q 0 0 0 rg BT 254.94 129.20 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.16 129.20 Td (, ) Tj ET Q q 0 0 0 rg BT 266.80 129.20 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 312.83 129.20 Td (Z ) Tj ET Q q 0 0 0 rg BT 321.08 129.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.40 129.20 Td (TILA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.16 129.20 Td (, ) Tj ET Q q 0 0 0 rg BT 358.81 129.20 Td (the ) Tj ET Q q 0 0 0 rg BT 373.17 129.20 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 414.19 129.20 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 459.10 129.20 Td (Improvement ) Tj ET Q q 0 0 0 rg BT 514.64 129.20 Td (Act, ) Tj ET Q q 0 0 0 rg BT 533.72 129.20 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 129.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.20 Td (Secure ) Tj ET Q q 0 0 0 rg BT 79.44 117.20 Td (and ) Tj ET Q q 0 0 0 rg BT 96.60 117.20 Td (Fair ) Tj ET Q q 0 0 0 rg BT 115.44 117.20 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 169.81 117.20 Td (for ) Tj ET Q q 0 0 0 rg BT 184.20 117.20 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 225.81 117.20 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 267.37 117.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 284.54 117.20 Td (of ) Tj ET Q q 0 0 0 rg BT 295.60 117.20 Td (2008, ) Tj ET Q q 0 0 0 rg BT 320.83 117.20 Td (as ) Tj ET Q q 0 0 0 rg BT 331.89 117.20 Td (amended. ) Tj ET Q q 0 0 0 rg BT 373.21 117.20 Td (In ) Tj ET Q q 0 0 0 rg BT 384.27 117.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 422.27 117.20 Td (the ) Tj ET Q q 0 0 0 rg BT 437.22 117.20 Td (passage ) Tj ET Q q 0 0 0 rg BT 471.05 117.20 Td (of ) Tj ET Q q 0 0 0 rg BT 482.11 117.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.05 117.20 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 548.06 117.20 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 117.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.20 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 105.20 Td (increased, ) Tj ET Q q 0 0 0 rg BT 109.08 105.20 Td (and ) Tj ET Q q 0 0 0 rg BT 126.52 105.20 Td (will ) Tj ET Q q 0 0 0 rg BT 145.07 105.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 182.50 105.20 Td (to ) Tj ET Q q 0 0 0 rg BT 193.28 105.20 Td (increase, ) Tj ET Q q 0 0 0 rg BT 231.53 105.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 275.07 105.20 Td (of ) Tj ET Q q 0 0 0 rg BT 286.40 105.20 Td (the ) Tj ET Q q 0 0 0 rg BT 301.61 105.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 342.38 105.20 Td (industry) Tj ET Q q 0 0 0 rg BT 374.50 105.20 Td (, ) Tj ET Q q 0 0 0 rg BT 380.00 105.20 Td (including: ) Tj ET Q q 0 0 0 rg BT 423.55 105.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.75 105.20 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 511.19 105.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 543.07 105.20 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.20 Td (making ) Tj ET Q q 0 0 0 rg BT 82.11 93.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 126.38 93.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 166.75 93.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 190.48 93.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 218.09 93.20 Td (a ) Tj ET Q q 0 0 0 rg BT 225.14 93.20 Td (good ) Tj ET Q q 0 0 0 rg BT 247.76 93.20 Td (faith ) Tj ET Q q 0 0 0 rg BT 268.70 93.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 326.85 93.20 Td (is ) Tj ET Q q 0 0 0 rg BT 336.14 93.20 Td (made ) Tj ET Q q 0 0 0 rg BT 360.41 93.20 Td (of ) Tj ET Q q 0 0 0 rg BT 371.35 93.20 Td (a ) Tj ET Q q 0 0 0 rg BT 378.40 93.20 Td (borrower) Tj ET Q q 0 0 0 rg BT 415.43 93.20 Td () Tj ET Q q 0 0 0 rg BT 418.20 93.20 Td (s ) Tj ET Q q 0 0 0 rg BT 424.71 93.20 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 493.42 93.20 Td (based ) Tj ET Q q 0 0 0 rg BT 518.80 93.20 Td (on ) Tj ET Q q 0 0 0 rg BT 531.42 93.20 Td (verified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.15 81.20 Td (documented ) Tj ET Q q 0 0 0 rg BT 117.23 81.20 Td (information; ) Tj ET Q q 0 0 0 rg BT 169.43 81.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 208.30 81.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.73 81.20 Td (CFPB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.19 81.20 Td ( ) Tj ET Q q 0 0 0 rg BT 249.40 81.20 Td (to ) Tj ET Q q 0 0 0 rg BT 259.39 81.20 Td (enact ) Tj ET Q q 0 0 0 rg BT 282.70 81.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 329.34 81.20 Td (to ) Tj ET Q q 0 0 0 rg BT 339.33 81.20 Td (help ) Tj ET Q q 0 0 0 rg BT 358.76 81.20 Td (assure ) Tj ET Q q 0 0 0 rg BT 385.96 81.20 Td (that ) Tj ET Q q 0 0 0 rg BT 403.16 81.20 Td (consumers ) Tj ET Q q 0 0 0 rg BT 448.14 81.20 Td (are ) Tj ET Q q 0 0 0 rg BT 462.56 81.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 500.32 81.20 Td (with ) Tj ET Q q 0 0 0 rg BT 520.31 81.20 Td (timely ) Tj ET Q q 0 0 0 rg BT 548.07 81.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.20 Td (understandable ) Tj ET Q q 0 0 0 rg BT 111.99 69.20 Td (information ) Tj ET Q q 0 0 0 rg BT 161.17 69.20 Td (about ) Tj ET Q q 0 0 0 rg BT 185.35 69.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 228.96 69.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 268.68 69.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 291.75 69.20 Td (that ) Tj ET Q q 0 0 0 rg BT 308.71 69.20 Td (protect ) Tj ET Q q 0 0 0 rg BT 338.44 69.20 Td (them ) Tj ET Q q 0 0 0 rg BT 360.39 69.20 Td (against ) Tj ET Q q 0 0 0 rg BT 390.68 69.20 Td (unfair) Tj ET Q q 0 0 0 rg BT 414.16 69.20 Td (, ) Tj ET Q q 0 0 0 rg BT 418.62 69.20 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 458.89 69.20 Td (and ) Tj ET Q q 0 0 0 rg BT 475.29 69.20 Td (abusive ) Tj ET Q q 0 0 0 rg BT 507.80 69.20 Td (practices; ) Tj ET Q q 0 0 0 rg BT 548.07 69.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 57.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 88.70 57.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 119.00 57.20 Td (regulators ) Tj ET Q q 0 0 0 rg BT 161.52 57.20 Td (to ) Tj ET Q q 0 0 0 rg BT 171.84 57.20 Td (establish ) Tj ET Q q 0 0 0 rg BT 209.38 57.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 250.82 57.20 Td (national ) Tj ET Q q 0 0 0 rg BT 285.57 57.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 339.77 57.20 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 383.42 57.20 Td (for ) Tj ET Q q 0 0 0 rg BT 397.62 57.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 441.81 57.20 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 486.01 57.20 Td (that ) Tj ET Q q 0 0 0 rg BT 503.55 57.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 534.97 57.20 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 57.20 Td (be ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 83.44 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.51 740.10 Td (securitize ) Tj ET Q q 0 0 0 rg BT 134.11 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.84 740.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 167.01 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.08 740.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 222.13 740.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 260.53 740.10 Td (without ) Tj ET Q q 0 0 0 rg BT 293.38 740.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 331.21 740.10 Td (any ) Tj ET Q q 0 0 0 rg BT 347.94 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.56 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.06 740.10 Td (loans) Tj ET Q q 0 0 0 rg BT 396.76 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.05 740.10 Td (default ) Tj ET Q q 0 0 0 rg BT 429.10 740.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 448.38 740.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 488.45 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 502.40 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.90 740.10 Td (not ) Tj ET Q q 0 0 0 rg BT 531.96 740.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 79.91 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.78 728.10 Td (these ) Tj ET Q q 0 0 0 rg BT 112.42 728.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 132.84 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.36 728.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 198.39 728.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 232.68 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.55 728.10 Td (these ) Tj ET Q q 0 0 0 rg BT 265.18 728.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 285.60 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.13 728.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 348.65 728.10 Td (could ) Tj ET Q q 0 0 0 rg BT 372.96 728.10 Td (broaden ) Tj ET Q q 0 0 0 rg BT 407.25 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.56 728.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 446.42 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.84 728.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 485.58 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.00 728.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 534.19 728.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.89 716.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 103.04 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.09 716.10 Td (require ) Tj ET Q q 0 0 0 rg BT 151.01 716.10 Td (us ) Tj ET Q q 0 0 0 rg BT 162.52 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.90 716.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 205.51 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 225.90 716.10 Td (their ) Tj ET Q q 0 0 0 rg BT 246.83 716.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 296.38 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.42 716.10 Td (new ) Tj ET Q q 0 0 0 rg BT 332.69 716.10 Td (products ) Tj ET Q q 0 0 0 rg BT 369.74 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.79 716.10 Td (services ) Tj ET Q q 0 0 0 rg BT 421.61 716.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 465.31 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.92 716.10 Td (us ) Tj ET Q q 0 0 0 rg BT 489.42 716.10 Td (may ) Tj ET Q q 0 0 0 rg BT 509.25 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 521.30 716.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 552.23 716.10 Td (to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 81.71 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.99 704.10 Td (reflect, ) Tj ET Q q 0 0 0 rg BT 122.52 704.10 Td (these ) Tj ET Q q 0 0 0 rg BT 145.56 704.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 166.39 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 177.22 704.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 682.20 Td (In ) Tj ET Q q 0 0 0 rg BT 83.13 682.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.70 682.20 Td (we ) Tj ET Q q 0 0 0 rg BT 134.66 682.20 Td (are ) Tj ET Q q 0 0 0 rg BT 149.16 682.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.78 682.20 Td (to ) Tj ET Q q 0 0 0 rg BT 189.86 682.20 Td (general ) Tj ET Q q 0 0 0 rg BT 221.58 682.20 Td (business ) Tj ET Q q 0 0 0 rg BT 257.77 682.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 278.40 682.20 Td (and ) Tj ET Q q 0 0 0 rg BT 295.13 682.20 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 344.36 682.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 391.09 682.20 Td (governing ) Tj ET Q q 0 0 0 rg BT 433.94 682.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 463.99 682.20 Td (contractors ) Tj ET Q q 0 0 0 rg BT 510.71 682.20 Td (and ) Tj ET Q q 0 0 0 rg BT 527.45 682.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 682.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 97.50 670.20 Td (specifically ) Tj ET Q q 0 0 0 rg BT 147.15 670.20 Td (governing ) Tj ET Q q 0 0 0 rg BT 191.26 670.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.04 670.20 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 244.20 670.20 Td (such ) Tj ET Q q 0 0 0 rg BT 266.09 670.20 Td (as ) Tj ET Q q 0 0 0 rg BT 277.98 670.20 Td (those ) Tj ET Q q 0 0 0 rg BT 302.66 670.20 Td (covering ) Tj ET Q q 0 0 0 rg BT 341.21 670.20 Td (taxation, ) Tj ET Q q 0 0 0 rg BT 379.48 670.20 Td (tarif) Tj ET Q q 0 0 0 rg BT 395.96 670.20 Td (fs, ) Tj ET Q q 0 0 0 rg BT 409.24 670.20 Td (user ) Tj ET Q q 0 0 0 rg BT 429.46 670.20 Td (privacy) Tj ET Q q 0 0 0 rg BT 458.80 670.20 Td (, ) Tj ET Q q 0 0 0 rg BT 464.86 670.20 Td (data ) Tj ET Q q 0 0 0 rg BT 485.08 670.20 Td (protection, ) Tj ET Q q 0 0 0 rg BT 531.69 670.20 Td (pricing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.20 Td (content, ) Tj ET Q q 0 0 0 rg BT 85.33 658.20 Td (copyrights, ) Tj ET Q q 0 0 0 rg BT 133.94 658.20 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 186.45 658.20 Td (electronic ) Tj ET Q q 0 0 0 rg BT 229.77 658.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 269.76 658.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.09 658.20 Td (other ) Tj ET Q q 0 0 0 rg BT 312.54 658.20 Td (communications, ) Tj ET Q q 0 0 0 rg BT 385.03 658.20 Td (consumer ) Tj ET Q q 0 0 0 rg BT 427.81 658.20 Td (protection, ) Tj ET Q q 0 0 0 rg BT 474.74 658.20 Td (broadband ) Tj ET Q q 0 0 0 rg BT 520.85 658.20 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.20 Td (Internet ) Tj ET Q q 0 0 0 rg BT 83.09 646.20 Td (access ) Tj ET Q q 0 0 0 rg BT 111.13 646.20 Td (and ) Tj ET Q q 0 0 0 rg BT 128.07 646.20 Td (the ) Tj ET Q q 0 0 0 rg BT 142.79 646.20 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 202.47 646.20 Td (and ) Tj ET Q q 0 0 0 rg BT 219.41 646.20 Td (quality ) Tj ET Q q 0 0 0 rg BT 249.69 646.20 Td (of ) Tj ET Q q 0 0 0 rg BT 260.52 646.20 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 619.90 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 603.50 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.76 603.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 147.11 603.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.11 603.50 Td (, ) Tj ET Q q 0 0 0 rg BT 173.87 603.50 Td (we ) Tj ET Q q 0 0 0 rg BT 189.79 603.50 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.49 603.50 Td (640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.49 603.50 Td ( ) Tj ET Q q 0 0 0 rg BT 227.75 603.50 Td (full-time ) Tj ET Q q 0 0 0 rg BT 267.00 603.50 Td (employees, ) Tj ET Q q 0 0 0 rg BT 316.53 603.50 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.56 603.50 Td (1) Tj ET Q q 0 0 0 rg BT 363.19 603.50 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.19 603.50 Td ( ) Tj ET Q q 0 0 0 rg BT 377.45 603.50 Td (in ) Tj ET Q q 0 0 0 rg BT 389.49 603.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 413.19 603.50 Td (and ) Tj ET Q q 0 0 0 rg BT 431.89 603.50 Td (marketing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.19 603.50 Td (453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.19 603.50 Td ( ) Tj ET Q q 0 0 0 rg BT 498.45 603.50 Td (in ) Tj ET Q q 0 0 0 rg BT 510.49 603.50 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 603.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.50 Td (development ) Tj ET Q q 0 0 0 rg BT 103.72 591.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.73 591.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 167.73 591.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.73 591.50 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.73 591.50 Td ( ) Tj ET Q q 0 0 0 rg BT 197.30 591.50 Td (in ) Tj ET Q q 0 0 0 rg BT 207.65 591.50 Td (general ) Tj ET Q q 0 0 0 rg BT 239.64 591.50 Td (and ) Tj ET Q q 0 0 0 rg BT 256.65 591.50 Td (administrative ) Tj ET Q q 0 0 0 rg BT 316.42 591.50 Td (functions. ) Tj ET Q q 0 0 0 rg BT 358.71 591.50 Td (None ) Tj ET Q q 0 0 0 rg BT 382.94 591.50 Td (of ) Tj ET Q q 0 0 0 rg BT 393.84 591.50 Td (our ) Tj ET Q q 0 0 0 rg BT 409.73 591.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 455.07 591.50 Td (are ) Tj ET Q q 0 0 0 rg BT 469.84 591.50 Td (covered ) Tj ET Q q 0 0 0 rg BT 504.06 591.50 Td (by ) Tj ET Q q 0 0 0 rg BT 516.62 591.50 Td (a ) Tj ET Q q 0 0 0 rg BT 523.63 591.50 Td (collective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.50 Td (bar) Tj ET Q q 0 0 0 rg BT 62.09 579.50 Td (gaining ) Tj ET Q q 0 0 0 rg BT 94.58 579.50 Td (agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 553.20 Td (Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 536.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.83 536.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 129.37 536.80 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 182.24 536.80 Td (are ) Tj ET Q q 0 0 0 rg BT 196.23 536.80 Td (located ) Tj ET Q q 0 0 0 rg BT 226.88 536.80 Td (in ) Tj ET Q q 0 0 0 rg BT 236.44 536.80 Td (Pleasanton, ) Tj ET Q q 0 0 0 rg BT 284.05 536.80 Td (California, ) Tj ET Q q 0 0 0 rg BT 328.87 536.80 Td (in ) Tj ET Q q 0 0 0 rg BT 338.43 536.80 Td (two ) Tj ET Q q 0 0 0 rg BT 355.21 536.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 391.43 536.80 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.76 536.80 Td (54,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.26 536.80 Td ( ) Tj ET Q q 0 0 0 rg BT 453.04 536.80 Td (square ) Tj ET Q q 0 0 0 rg BT 480.92 536.80 Td (feet, ) Tj ET Q q 0 0 0 rg BT 500.19 536.80 Td (under ) Tj ET Q q 0 0 0 rg BT 524.74 536.80 Td (subleases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.80 Td (expiring ) Tj ET Q q 0 0 0 rg BT 85.89 524.80 Td (in ) Tj ET Q q 0 0 0 rg BT 96.06 524.80 Td (April ) Tj ET Q q 0 0 0 rg BT 120.23 524.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 145.57 524.80 Td (W) Tj ET Q q 0 0 0 rg BT 154.21 524.80 Td (e ) Tj ET Q q 0 0 0 rg BT 161.71 524.80 Td (also ) Tj ET Q q 0 0 0 rg BT 180.88 524.80 Td (have ) Tj ET Q q 0 0 0 rg BT 202.82 524.80 Td (field-based ) Tj ET Q q 0 0 0 rg BT 250.31 524.80 Td (staf) Tj ET Q q 0 0 0 rg BT 264.57 524.80 Td (f ) Tj ET Q q 0 0 0 rg BT 270.96 524.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 311.79 524.80 Td (in ) Tj ET Q q 0 0 0 rg BT 322.63 524.80 Td (several ) Tj ET Q q 0 0 0 rg BT 354.01 524.80 Td (areas ) Tj ET Q q 0 0 0 rg BT 377.61 524.80 Td (around ) Tj ET Q q 0 0 0 rg BT 408.45 524.80 Td (the ) Tj ET Q q 0 0 0 rg BT 423.73 524.80 Td (country) Tj ET Q q 0 0 0 rg BT 453.62 524.80 Td (, ) Tj ET Q q 0 0 0 rg BT 459.19 524.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 499.46 524.80 Td (based ) Tj ET Q q 0 0 0 rg BT 525.30 524.80 Td (in ) Tj ET Q q 0 0 0 rg BT 536.14 524.80 Td (Irvine, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.80 Td (California; ) Tj ET Q q 0 0 0 rg BT 95.64 512.80 Td (Calabasas, ) Tj ET Q q 0 0 0 rg BT 140.94 512.80 Td (California; ) Tj ET Q q 0 0 0 rg BT 187.08 512.80 Td (San ) Tj ET Q q 0 0 0 rg BT 204.90 512.80 Td (Diego, ) Tj ET Q q 0 0 0 rg BT 234.65 512.80 Td (California; ) Tj ET Q q 0 0 0 rg BT 280.79 512.80 Td (Eagan, ) Tj ET Q q 0 0 0 rg BT 311.09 512.80 Td (Minnesota; ) Tj ET Q q 0 0 0 rg BT 358.90 512.80 Td (Omaha, ) Tj ET Q q 0 0 0 rg BT 393.10 512.80 Td (Nebraska; ) Tj ET Q q 0 0 0 rg BT 436.45 512.80 Td (and ) Tj ET Q q 0 0 0 rg BT 453.71 512.80 Td (Parsippany) Tj ET Q q 0 0 0 rg BT 497.50 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 502.82 512.80 Td (New ) Tj ET Q q 0 0 0 rg BT 524.51 512.80 Td (Jersey) Tj ET Q q 0 0 0 rg BT 548.86 512.80 Td (. ) Tj ET Q q 0 0 0 rg BT 554.17 512.80 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.80 Td (July ) Tj ET Q q 0 0 0 rg BT 68.94 500.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 94.20 500.80 Td (we ) Tj ET Q q 0 0 0 rg BT 108.63 500.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 140.82 500.80 Td (into ) Tj ET Q q 0 0 0 rg BT 159.14 500.80 Td (a ) Tj ET Q q 0 0 0 rg BT 166.35 500.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 189.10 500.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 233.50 500.80 Td (for ) Tj ET Q q 0 0 0 rg BT 247.93 500.80 Td (105,000 ) Tj ET Q q 0 0 0 rg BT 283.20 500.80 Td (square ) Tj ET Q q 0 0 0 rg BT 312.06 500.80 Td (feet ) Tj ET Q q 0 0 0 rg BT 329.81 500.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.91 500.80 Td (of) Tj ET Q q 0 0 0 rg BT 349.06 500.80 Td (fice ) Tj ET Q q 0 0 0 rg BT 366.81 500.80 Td (space ) Tj ET Q q 0 0 0 rg BT 391.78 500.80 Td (in ) Tj ET Q q 0 0 0 rg BT 402.33 500.80 Td (Pleasanton, ) Tj ET Q q 0 0 0 rg BT 450.92 500.80 Td (California ) Tj ET Q q 0 0 0 rg BT 494.23 500.80 Td (that ) Tj ET Q q 0 0 0 rg BT 511.99 500.80 Td (will ) Tj ET Q q 0 0 0 rg BT 530.31 500.80 Td (serve ) Tj ET Q q 0 0 0 rg BT 554.18 500.80 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.80 Td (our ) Tj ET Q q 0 0 0 rg BT 64.94 488.80 Td (future ) Tj ET Q q 0 0 0 rg BT 90.92 488.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 130.79 488.80 Td (headquarters. ) Tj ET Q q 0 0 0 rg BT 186.33 488.80 Td (The ) Tj ET Q q 0 0 0 rg BT 203.98 488.80 Td (term ) Tj ET Q q 0 0 0 rg BT 224.41 488.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.85 488.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.18 488.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 271.27 488.80 Td (commences ) Tj ET Q q 0 0 0 rg BT 320.58 488.80 Td (on ) Tj ET Q q 0 0 0 rg BT 332.23 488.80 Td (April ) Tj ET Q q 0 0 0 rg BT 355.44 488.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 365.05 488.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 387.16 488.80 Td (and ) Tj ET Q q 0 0 0 rg BT 403.71 488.80 Td (has ) Tj ET Q q 0 0 0 rg BT 419.14 488.80 Td (an ) Tj ET Q q 0 0 0 rg BT 430.69 488.80 Td (initial ) Tj ET Q q 0 0 0 rg BT 456.13 488.80 Td (term ) Tj ET Q q 0 0 0 rg BT 476.56 488.80 Td (of ) Tj ET Q q 0 0 0 rg BT 487.00 488.80 Td (1) Tj ET Q q 0 0 0 rg BT 491.63 488.80 Td (17 ) Tj ET Q q 0 0 0 rg BT 503.74 488.80 Td (months ) Tj ET Q q 0 0 0 rg BT 535.30 488.80 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.80 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 476.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 476.80 Td (2024.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 441.98 Td (ITEM 1A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 441.98 Td (RISK FACTORS) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 421.40 Td (Y) Tj ET Q q 0 0 0 rg BT 78.14 421.40 Td (ou ) Tj ET Q q 0 0 0 rg BT 90.25 421.40 Td (should ) Tj ET Q q 0 0 0 rg BT 119.02 421.40 Td (car) Tj ET Q q 0 0 0 rg BT 131.98 421.40 Td (efully ) Tj ET Q q 0 0 0 rg BT 156.30 421.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 192.84 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 207.16 421.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 228.16 421.40 Td (described ) Tj ET Q q 0 0 0 rg BT 269.14 421.40 Td (below ) Tj ET Q q 0 0 0 rg BT 295.13 421.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.24 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 326.56 421.40 Td (other ) Tj ET Q q 0 0 0 rg BT 349.77 421.40 Td (information ) Tj ET Q q 0 0 0 rg BT 399.10 421.40 Td (in ) Tj ET Q q 0 0 0 rg BT 408.98 421.40 Td (this ) Tj ET Q q 0 0 0 rg BT 425.54 421.40 Td (r) Tj ET Q q 0 0 0 rg BT 429.06 421.40 Td (eport. ) Tj ET Q q 0 0 0 rg BT 454.77 421.40 Td (If ) Tj ET Q q 0 0 0 rg BT 462.98 421.40 Td (any ) Tj ET Q q 0 0 0 rg BT 479.53 421.40 Td (of ) Tj ET Q q 0 0 0 rg BT 489.41 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 503.73 421.40 Td (following ) Tj ET Q q 0 0 0 rg BT 543.62 421.40 Td (risks ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 409.40 Td (materialize, ) Tj ET Q q 0 0 0 rg BT 99.65 409.40 Td (our ) Tj ET Q q 0 0 0 rg BT 116.19 409.40 Td (business ) Tj ET Q q 0 0 0 rg BT 152.74 409.40 Td (could ) Tj ET Q q 0 0 0 rg BT 177.61 409.40 Td (be ) Tj ET Q q 0 0 0 rg BT 189.70 409.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 233.45 409.40 Td (harmed, ) Tj ET Q q 0 0 0 rg BT 269.16 409.40 Td (and ) Tj ET Q q 0 0 0 rg BT 286.81 409.40 Td (our ) Tj ET Q q 0 0 0 rg BT 303.36 409.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.56 409.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 381.99 409.40 Td (and ) Tj ET Q q 0 0 0 rg BT 399.64 409.40 Td (r) Tj ET Q q 0 0 0 rg BT 403.16 409.40 Td (esults ) Tj ET Q q 0 0 0 rg BT 428.59 409.40 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 409.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.45 409.40 Td (could ) Tj ET Q q 0 0 0 rg BT 509.32 409.40 Td (be ) Tj ET Q q 0 0 0 rg BT 521.41 409.40 Td (materially ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 397.40 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 397.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.28 397.40 Td (affected. ) Tj ET Q q 0 0 0 rg BT 145.16 397.40 Td (The ) Tj ET Q q 0 0 0 rg BT 162.89 397.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 184.51 397.40 Td (described ) Tj ET Q q 0 0 0 rg BT 226.12 397.40 Td (below ) Tj ET Q q 0 0 0 rg BT 252.74 397.40 Td (ar) Tj ET Q q 0 0 0 rg BT 261.26 397.40 Td (e ) Tj ET Q q 0 0 0 rg BT 268.43 397.40 Td (not ) Tj ET Q q 0 0 0 rg BT 283.94 397.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.88 397.40 Td (only ) Tj ET Q q 0 0 0 rg BT 318.83 397.40 Td (ones ) Tj ET Q q 0 0 0 rg BT 339.89 397.40 Td (facing ) Tj ET Q q 0 0 0 rg BT 367.62 397.40 Td (us. ) Tj ET Q q 0 0 0 rg BT 381.54 397.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 426.50 397.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 448.12 397.40 Td (not ) Tj ET Q q 0 0 0 rg BT 463.63 397.40 Td (curr) Tj ET Q q 0 0 0 rg BT 480.48 397.40 Td (ently ) Tj ET Q q 0 0 0 rg BT 502.64 397.40 Td (known ) Tj ET Q q 0 0 0 rg BT 531.48 397.40 Td (to ) Tj ET Q q 0 0 0 rg BT 541.99 397.40 Td (us ) Tj ET Q q 0 0 0 rg BT 553.62 397.40 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 385.40 Td (that ) Tj ET Q q 0 0 0 rg BT 67.56 385.40 Td (we ) Tj ET Q q 0 0 0 rg BT 81.17 385.40 Td (curr) Tj ET Q q 0 0 0 rg BT 98.02 385.40 Td (ently ) Tj ET Q q 0 0 0 rg BT 119.95 385.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 150.76 385.40 Td (ar) Tj ET Q q 0 0 0 rg BT 159.28 385.40 Td (e ) Tj ET Q q 0 0 0 rg BT 166.22 385.40 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 212.61 385.40 Td (may ) Tj ET Q q 0 0 0 rg BT 231.77 385.40 Td (also ) Tj ET Q q 0 0 0 rg BT 250.94 385.40 Td (impair ) Tj ET Q q 0 0 0 rg BT 280.11 385.40 Td (our ) Tj ET Q q 0 0 0 rg BT 296.50 385.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 335.39 385.40 Td (r) Tj ET Q q 0 0 0 rg BT 338.91 385.40 Td (esults ) Tj ET Q q 0 0 0 rg BT 364.19 385.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.47 385.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 422.24 385.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.30 385.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 500.57 385.40 Td (and ) Tj ET Q q 0 0 0 rg BT 518.07 385.40 Td (liquidity) Tj ET Q q 0 0 0 rg BT 550.85 385.40 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 364.40 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 364.40 Td (e ) Tj ET Q q 0 0 0 rg BT 64.36 364.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 116.05 364.40 Td (a ) Tj ET Q q 0 0 0 rg BT 123.32 364.40 Td (system ) Tj ET Q q 0 0 0 rg BT 152.81 364.40 Td (outage ) Tj ET Q q 0 0 0 rg BT 182.86 364.40 Td (in ) Tj ET Q q 0 0 0 rg BT 193.47 364.40 Td (March ) Tj ET Q q 0 0 0 rg BT 223.52 364.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 245.79 364.40 Td (that ) Tj ET Q q 0 0 0 rg BT 264.18 364.40 Td (prevented ) Tj ET Q q 0 0 0 rg BT 306.44 364.40 Td (some ) Tj ET Q q 0 0 0 rg BT 329.82 364.40 Td (of ) Tj ET Q q 0 0 0 rg BT 340.42 364.40 Td (our ) Tj ET Q q 0 0 0 rg BT 357.14 364.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 401.08 364.40 Td (from ) Tj ET Q q 0 0 0 rg BT 423.35 364.40 Td (being ) Tj ET Q q 0 0 0 rg BT 448.40 364.40 Td (able ) Tj ET Q q 0 0 0 rg BT 467.89 364.40 Td (to ) Tj ET Q q 0 0 0 rg BT 477.94 364.40 Td (access ) Tj ET Q q 0 0 0 rg BT 506.31 364.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.46 364.40 Td (of ) Tj ET Q q 0 0 0 rg BT 548.06 364.40 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 352.40 Td (services. ) Tj ET Q q 0 0 0 rg BT 88.19 352.40 Td (This ) Tj ET Q q 0 0 0 rg BT 110.51 352.40 Td (system ) Tj ET Q q 0 0 0 rg BT 141.71 352.40 Td (interruption ) Tj ET Q q 0 0 0 rg BT 195.71 352.40 Td (and ) Tj ET Q q 0 0 0 rg BT 215.25 352.40 Td (future ) Tj ET Q q 0 0 0 rg BT 244.79 352.40 Td (system ) Tj ET Q q 0 0 0 rg BT 275.99 352.40 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 333.88 352.40 Td (that ) Tj ET Q q 0 0 0 rg BT 353.98 352.40 Td (impair ) Tj ET Q q 0 0 0 rg BT 385.19 352.40 Td (access ) Tj ET Q q 0 0 0 rg BT 415.27 352.40 Td (to ) Tj ET Q q 0 0 0 rg BT 427.03 352.40 Td (the ) Tj ET Q q 0 0 0 rg BT 443.79 352.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 467.21 352.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 489.52 352.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 528.50 352.40 Td (or ) Tj ET Q q 0 0 0 rg BT 541.38 352.40 Td (SaaS ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 340.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 99.23 340.40 Td (could ) Tj ET Q q 0 0 0 rg BT 124.51 340.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 159.23 340.40 Td (our ) Tj ET Q q 0 0 0 rg BT 176.18 340.40 Td (reputation ) Tj ET Q q 0 0 0 rg BT 221.47 340.40 Td (and ) Tj ET Q q 0 0 0 rg BT 239.53 340.40 Td (brand ) Tj ET Q q 0 0 0 rg BT 266.48 340.40 Td (and ) Tj ET Q q 0 0 0 rg BT 284.54 340.40 Td (may ) Tj ET Q q 0 0 0 rg BT 304.26 340.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 359.00 340.40 Td (harm ) Tj ET Q q 0 0 0 rg BT 383.73 340.40 Td (our ) Tj ET Q q 0 0 0 rg BT 400.68 340.40 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 319.40 Td (The ) Tj ET Q q 0 0 0 rg BT 92.62 319.40 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 142.29 319.40 Td (performance, ) Tj ET Q q 0 0 0 rg BT 198.88 319.40 Td (reliability ) Tj ET Q q 0 0 0 rg BT 241.33 319.40 Td (and ) Tj ET Q q 0 0 0 rg BT 259.34 319.40 Td (availability ) Tj ET Q q 0 0 0 rg BT 307.90 319.40 Td (of ) Tj ET Q q 0 0 0 rg BT 319.81 319.40 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 343.38 319.40 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 395.00 319.40 Td (the ) Tj ET Q q 0 0 0 rg BT 410.79 319.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 433.25 319.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 454.59 319.40 Td (Network, ) Tj ET Q q 0 0 0 rg BT 495.65 319.40 Td (our ) Tj ET Q q 0 0 0 rg BT 512.55 319.40 Td (website, ) Tj ET Q q 0 0 0 rg BT 549.17 319.40 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 86.06 307.40 Td (including ) Tj ET Q q 0 0 0 rg BT 125.69 307.40 Td (our ) Tj ET Q q 0 0 0 rg BT 140.87 307.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.27 307.40 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 238.44 307.40 Td (Service, ) Tj ET Q q 0 0 0 rg BT 272.78 307.40 Td (and ) Tj ET Q q 0 0 0 rg BT 289.07 307.40 Td (our ) Tj ET Q q 0 0 0 rg BT 304.26 307.40 Td (network ) Tj ET Q q 0 0 0 rg BT 338.88 307.40 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 394.59 307.40 Td (are ) Tj ET Q q 0 0 0 rg BT 408.65 307.40 Td (critical ) Tj ET Q q 0 0 0 rg BT 438.26 307.40 Td (to ) Tj ET Q q 0 0 0 rg BT 447.90 307.40 Td (our ) Tj ET Q q 0 0 0 rg BT 463.08 307.40 Td (reputation ) Tj ET Q q 0 0 0 rg BT 505.47 307.40 Td (and ) Tj ET Q q 0 0 0 rg BT 521.77 307.40 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 307.40 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.40 Td (to ) Tj ET Q q 0 0 0 rg BT 60.46 295.40 Td (attract ) Tj ET Q q 0 0 0 rg BT 88.63 295.40 Td (and ) Tj ET Q q 0 0 0 rg BT 106.26 295.40 Td (retain ) Tj ET Q q 0 0 0 rg BT 132.21 295.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 154.27 295.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 175.23 295.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 213.40 295.40 Td (participants ) Tj ET Q q 0 0 0 rg BT 263.24 295.40 Td (and ) Tj ET Q q 0 0 0 rg BT 280.86 295.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 329.60 295.40 Td (users. ) Tj ET Q q 0 0 0 rg BT 355.84 295.40 Td (Because ) Tj ET Q q 0 0 0 rg BT 392.34 295.40 Td (our ) Tj ET Q q 0 0 0 rg BT 408.85 295.40 Td (service ) Tj ET Q q 0 0 0 rg BT 440.35 295.40 Td (is ) Tj ET Q q 0 0 0 rg BT 450.21 295.40 Td (complex ) Tj ET Q q 0 0 0 rg BT 487.83 295.40 Td (and ) Tj ET Q q 0 0 0 rg BT 505.45 295.40 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 558.06 295.40 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.40 Td (variety ) Tj ET Q q 0 0 0 rg BT 78.73 283.40 Td (of ) Tj ET Q q 0 0 0 rg BT 88.54 283.40 Td (hardware ) Tj ET Q q 0 0 0 rg BT 127.20 283.40 Td (and ) Tj ET Q q 0 0 0 rg BT 143.11 283.40 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 189.01 283.40 Td (and ) Tj ET Q q 0 0 0 rg BT 204.92 283.40 Td (third-party ) Tj ET Q q 0 0 0 rg BT 249.15 283.40 Td (software, ) Tj ET Q q 0 0 0 rg BT 287.55 283.40 Td (our ) Tj ET Q q 0 0 0 rg BT 302.35 283.40 Td (service ) Tj ET Q q 0 0 0 rg BT 332.14 283.40 Td (may ) Tj ET Q q 0 0 0 rg BT 350.83 283.40 Td (have ) Tj ET Q q 0 0 0 rg BT 371.18 283.40 Td (errors ) Tj ET Q q 0 0 0 rg BT 395.97 283.40 Td (or ) Tj ET Q q 0 0 0 rg BT 405.77 283.40 Td (defects ) Tj ET Q q 0 0 0 rg BT 435.56 283.40 Td (that ) Tj ET Q q 0 0 0 rg BT 452.02 283.40 Td (could ) Tj ET Q q 0 0 0 rg BT 475.71 283.40 Td (result ) Tj ET Q q 0 0 0 rg BT 499.40 283.40 Td (in ) Tj ET Q q 0 0 0 rg BT 508.65 283.40 Td (unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.40 Td (downtime ) Tj ET Q q 0 0 0 rg BT 92.61 271.40 Td (for ) Tj ET Q q 0 0 0 rg BT 107.39 271.40 Td (our ) Tj ET Q q 0 0 0 rg BT 123.84 271.40 Td (subscribers. ) Tj ET Q q 0 0 0 rg BT 174.45 271.40 Td (Internet-based ) Tj ET Q q 0 0 0 rg BT 234.76 271.40 Td (services ) Tj ET Q q 0 0 0 rg BT 270.09 271.40 Td (frequently ) Tj ET Q q 0 0 0 rg BT 314.30 271.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 346.86 271.40 Td (undetected ) Tj ET Q q 0 0 0 rg BT 393.29 271.40 Td (errors ) Tj ET Q q 0 0 0 rg BT 419.72 271.40 Td (when ) Tj ET Q q 0 0 0 rg BT 444.50 271.40 Td (first ) Tj ET Q q 0 0 0 rg BT 463.73 271.40 Td (introduced ) Tj ET Q q 0 0 0 rg BT 509.61 271.40 Td (or ) Tj ET Q q 0 0 0 rg BT 521.06 271.40 Td (when ) Tj ET Q q 0 0 0 rg BT 545.84 271.40 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.40 Td (versions ) Tj ET Q q 0 0 0 rg BT 85.31 259.40 Td (or ) Tj ET Q q 0 0 0 rg BT 96.12 259.40 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 155.25 259.40 Td (are ) Tj ET Q q 0 0 0 rg BT 169.94 259.40 Td (released, ) Tj ET Q q 0 0 0 rg BT 207.67 259.40 Td (and ) Tj ET Q q 0 0 0 rg BT 224.59 259.40 Td (we ) Tj ET Q q 0 0 0 rg BT 238.73 259.40 Td (have ) Tj ET Q q 0 0 0 rg BT 260.09 259.40 Td (from ) Tj ET Q q 0 0 0 rg BT 282.01 259.40 Td (time ) Tj ET Q q 0 0 0 rg BT 302.27 259.40 Td (to ) Tj ET Q q 0 0 0 rg BT 312.53 259.40 Td (time ) Tj ET Q q 0 0 0 rg BT 332.78 259.40 Td (found ) Tj ET Q q 0 0 0 rg BT 358.60 259.40 Td (defects ) Tj ET Q q 0 0 0 rg BT 389.39 259.40 Td (in ) Tj ET Q q 0 0 0 rg BT 399.65 259.40 Td (our ) Tj ET Q q 0 0 0 rg BT 415.47 259.40 Td (service ) Tj ET Q q 0 0 0 rg BT 446.26 259.40 Td (and ) Tj ET Q q 0 0 0 rg BT 463.18 259.40 Td (new ) Tj ET Q q 0 0 0 rg BT 482.33 259.40 Td (errors ) Tj ET Q q 0 0 0 rg BT 508.13 259.40 Td (in ) Tj ET Q q 0 0 0 rg BT 518.39 259.40 Td (our ) Tj ET Q q 0 0 0 rg BT 534.20 259.40 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.40 Td (may ) Tj ET Q q 0 0 0 rg BT 69.35 247.40 Td (be ) Tj ET Q q 0 0 0 rg BT 81.43 247.40 Td (detected ) Tj ET Q q 0 0 0 rg BT 117.38 247.40 Td (in ) Tj ET Q q 0 0 0 rg BT 127.80 247.40 Td (the ) Tj ET Q q 0 0 0 rg BT 142.65 247.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 171.67 247.40 Td (In ) Tj ET Q q 0 0 0 rg BT 182.64 247.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 220.55 247.40 Td (our ) Tj ET Q q 0 0 0 rg BT 236.52 247.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 279.70 247.40 Td (may ) Tj ET Q q 0 0 0 rg BT 299.56 247.40 Td (use ) Tj ET Q q 0 0 0 rg BT 315.52 247.40 Td (our ) Tj ET Q q 0 0 0 rg BT 331.49 247.40 Td (service ) Tj ET Q q 0 0 0 rg BT 362.45 247.40 Td (in ) Tj ET Q q 0 0 0 rg BT 372.86 247.40 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 429.37 247.40 Td (ways ) Tj ET Q q 0 0 0 rg BT 452.56 247.40 Td (that ) Tj ET Q q 0 0 0 rg BT 470.19 247.40 Td (may ) Tj ET Q q 0 0 0 rg BT 490.05 247.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 514.89 247.40 Td (a ) Tj ET Q q 0 0 0 rg BT 521.97 247.40 Td (disruption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.40 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 235.40 Td (service ) Tj ET Q q 0 0 0 rg BT 90.59 235.40 Td (for ) Tj ET Q q 0 0 0 rg BT 104.75 235.40 Td (other ) Tj ET Q q 0 0 0 rg BT 127.80 235.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 170.85 235.40 Td (attempting ) Tj ET Q q 0 0 0 rg BT 216.12 235.40 Td (to ) Tj ET Q q 0 0 0 rg BT 226.39 235.40 Td (access ) Tj ET Q q 0 0 0 rg BT 254.43 235.40 Td (their ) Tj ET Q q 0 0 0 rg BT 275.26 235.40 Td (data. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 214.40 Td (Moreover) Tj ET Q q 0 0 0 rg BT 112.53 214.40 Td (, ) Tj ET Q q 0 0 0 rg BT 117.52 214.40 Td (we ) Tj ET Q q 0 0 0 rg BT 131.67 214.40 Td (have ) Tj ET Q q 0 0 0 rg BT 153.04 214.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 203.83 214.40 Td (and ) Tj ET Q q 0 0 0 rg BT 220.76 214.40 Td (may ) Tj ET Q q 0 0 0 rg BT 240.47 214.40 Td (in ) Tj ET Q q 0 0 0 rg BT 250.74 214.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.45 214.40 Td (future ) Tj ET Q q 0 0 0 rg BT 291.82 214.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 328.74 214.40 Td (to ) Tj ET Q q 0 0 0 rg BT 339.01 214.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 384.81 214.40 Td (temporary ) Tj ET Q q 0 0 0 rg BT 428.39 214.40 Td (system ) Tj ET Q q 0 0 0 rg BT 458.66 214.40 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 514.76 214.40 Td (either ) Tj ET Q q 0 0 0 rg BT 540.01 214.40 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 214.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 70.96 202.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 91.31 202.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 128.89 202.40 Td (or ) Tj ET Q q 0 0 0 rg BT 139.80 202.40 Td (to ) Tj ET Q q 0 0 0 rg BT 150.16 202.40 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 172.74 202.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 220.87 202.40 Td (hosting ) Tj ET Q q 0 0 0 rg BT 252.90 202.40 Td (locations, ) Tj ET Q q 0 0 0 rg BT 294.09 202.40 Td (for ) Tj ET Q q 0 0 0 rg BT 308.33 202.40 Td (a ) Tj ET Q q 0 0 0 rg BT 315.35 202.40 Td (variety ) Tj ET Q q 0 0 0 rg BT 345.69 202.40 Td (of ) Tj ET Q q 0 0 0 rg BT 356.61 202.40 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 391.68 202.40 Td (including ) Tj ET Q q 0 0 0 rg BT 432.03 202.40 Td (network ) Tj ET Q q 0 0 0 rg BT 467.38 202.40 Td (failures, ) Tj ET Q q 0 0 0 rg BT 502.45 202.40 Td (power ) Tj ET Q q 0 0 0 rg BT 530.02 202.40 Td (failures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.40 Td (software ) Tj ET Q q 0 0 0 rg BT 86.63 190.40 Td (errors, ) Tj ET Q q 0 0 0 rg BT 115.15 190.40 Td (problems ) Tj ET Q q 0 0 0 rg BT 155.07 190.40 Td (with ) Tj ET Q q 0 0 0 rg BT 175.55 190.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 223.80 190.40 Td (and ) Tj ET Q q 0 0 0 rg BT 240.95 190.40 Td (other ) Tj ET Q q 0 0 0 rg BT 264.19 190.40 Td (third-party ) Tj ET Q q 0 0 0 rg BT 309.66 190.40 Td (firmware ) Tj ET Q q 0 0 0 rg BT 349.01 190.40 Td (updates, ) Tj ET Q q 0 0 0 rg BT 384.76 190.40 Td (as ) Tj ET Q q 0 0 0 rg BT 395.79 190.40 Td (well ) Tj ET Q q 0 0 0 rg BT 415.71 190.40 Td (as ) Tj ET Q q 0 0 0 rg BT 426.74 190.40 Td (an ) Tj ET Q q 0 0 0 rg BT 438.88 190.40 Td (overwhelming ) Tj ET Q q 0 0 0 rg BT 499.35 190.40 Td (number ) Tj ET Q q 0 0 0 rg BT 532.60 190.40 Td (of ) Tj ET Q q 0 0 0 rg BT 543.63 190.40 Td (Ellie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 69.85 178.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 107.42 178.40 Td (participants ) Tj ET Q q 0 0 0 rg BT 156.66 178.40 Td (and ) Tj ET Q q 0 0 0 rg BT 173.68 178.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 221.80 178.40 Td (users ) Tj ET Q q 0 0 0 rg BT 244.94 178.40 Td (trying ) Tj ET Q q 0 0 0 rg BT 271.41 178.40 Td (to ) Tj ET Q q 0 0 0 rg BT 281.77 178.40 Td (access ) Tj ET Q q 0 0 0 rg BT 309.89 178.40 Td (our ) Tj ET Q q 0 0 0 rg BT 325.80 178.40 Td (network ) Tj ET Q q 0 0 0 rg BT 361.15 178.40 Td (during ) Tj ET Q q 0 0 0 rg BT 389.84 178.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 421.86 178.40 Td (of ) Tj ET Q q 0 0 0 rg BT 432.77 178.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 460.35 178.40 Td (demand. ) Tj ET Q q 0 0 0 rg BT 497.09 178.40 Td (For ) Tj ET Q q 0 0 0 rg BT 513.57 178.40 Td (example, ) Tj ET Q q 0 0 0 rg BT 552.52 178.40 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.40 Td (March ) Tj ET Q q 0 0 0 rg BT 78.21 166.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 93.32 166.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 118.44 166.40 Td (we ) Tj ET Q q 0 0 0 rg BT 132.71 166.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 183.62 166.40 Td (a ) Tj ET Q q 0 0 0 rg BT 190.67 166.40 Td (system ) Tj ET Q q 0 0 0 rg BT 221.06 166.40 Td (outage ) Tj ET Q q 0 0 0 rg BT 250.33 166.40 Td (that ) Tj ET Q q 0 0 0 rg BT 267.94 166.40 Td (prevented ) Tj ET Q q 0 0 0 rg BT 309.97 166.40 Td (some ) Tj ET Q q 0 0 0 rg BT 333.69 166.40 Td (of ) Tj ET Q q 0 0 0 rg BT 344.64 166.40 Td (our ) Tj ET Q q 0 0 0 rg BT 360.58 166.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 403.74 166.40 Td (from ) Tj ET Q q 0 0 0 rg BT 425.79 166.40 Td (being ) Tj ET Q q 0 0 0 rg BT 450.62 166.40 Td (able ) Tj ET Q q 0 0 0 rg BT 469.89 166.40 Td (to ) Tj ET Q q 0 0 0 rg BT 480.28 166.40 Td (access ) Tj ET Q q 0 0 0 rg BT 508.43 166.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 538.24 166.40 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 166.40 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.40 Td (services ) Tj ET Q q 0 0 0 rg BT 83.64 154.40 Td (until ) Tj ET Q q 0 0 0 rg BT 103.90 154.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.04 154.40 Td (system ) Tj ET Q q 0 0 0 rg BT 147.75 154.40 Td (was ) Tj ET Q q 0 0 0 rg BT 165.23 154.40 Td (restored ) Tj ET Q q 0 0 0 rg BT 199.37 154.40 Td (on ) Tj ET Q q 0 0 0 rg BT 210.87 154.40 Td (April ) Tj ET Q q 0 0 0 rg BT 233.91 154.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 243.34 154.40 Td (2014. ) Tj ET Q q 0 0 0 rg BT 267.77 154.40 Td (Since ) Tj ET Q q 0 0 0 rg BT 291.91 154.40 Td (our ) Tj ET Q q 0 0 0 rg BT 307.17 154.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 349.65 154.40 Td (use ) Tj ET Q q 0 0 0 rg BT 364.90 154.40 Td (our ) Tj ET Q q 0 0 0 rg BT 380.16 154.40 Td (service ) Tj ET Q q 0 0 0 rg BT 410.41 154.40 Td (for ) Tj ET Q q 0 0 0 rg BT 424.00 154.40 Td (important ) Tj ET Q q 0 0 0 rg BT 464.81 154.40 Td (aspects ) Tj ET Q q 0 0 0 rg BT 495.61 154.40 Td (of ) Tj ET Q q 0 0 0 rg BT 505.87 154.40 Td (their ) Tj ET Q q 0 0 0 rg BT 526.13 154.40 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.40 Td (any ) Tj ET Q q 0 0 0 rg BT 66.07 142.40 Td (errors, ) Tj ET Q q 0 0 0 rg BT 94.03 142.40 Td (defects, ) Tj ET Q q 0 0 0 rg BT 126.98 142.40 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 173.57 142.40 Td (in ) Tj ET Q q 0 0 0 rg BT 183.48 142.40 Td (service ) Tj ET Q q 0 0 0 rg BT 213.93 142.40 Td (or ) Tj ET Q q 0 0 0 rg BT 224.40 142.40 Td (other ) Tj ET Q q 0 0 0 rg BT 247.08 142.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 299.74 142.40 Td (problems ) Tj ET Q q 0 0 0 rg BT 339.09 142.40 Td (could ) Tj ET Q q 0 0 0 rg BT 363.45 142.40 Td (result ) Tj ET Q q 0 0 0 rg BT 387.80 142.40 Td (in ) Tj ET Q q 0 0 0 rg BT 397.72 142.40 Td (negative ) Tj ET Q q 0 0 0 rg BT 433.72 142.40 Td (publicity) Tj ET Q q 0 0 0 rg BT 468.63 142.40 Td (, ) Tj ET Q q 0 0 0 rg BT 473.26 142.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 506.49 142.40 Td (our ) Tj ET Q q 0 0 0 rg BT 521.96 142.40 Td (reputation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.40 Td (and ) Tj ET Q q 0 0 0 rg BT 65.71 130.40 Td (brand, ) Tj ET Q q 0 0 0 rg BT 92.76 130.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 121.18 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 136.28 130.40 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 172.20 130.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 206.73 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 221.84 130.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 261.38 130.40 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 301.75 130.40 Td (negatively ) Tj ET Q q 0 0 0 rg BT 345.17 130.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 374.16 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 389.27 130.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 416.59 130.40 Td (to ) Tj ET Q q 0 0 0 rg BT 426.15 130.40 Td (run ) Tj ET Q q 0 0 0 rg BT 441.25 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 456.36 130.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 494.52 130.40 Td (hinder ) Tj ET Q q 0 0 0 rg BT 521.84 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 130.40 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.40 Td (to ) Tj ET Q q 0 0 0 rg BT 59.70 118.40 Td (enroll ) Tj ET Q q 0 0 0 rg BT 85.45 118.40 Td (new ) Tj ET Q q 0 0 0 rg BT 104.53 118.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 147.49 118.40 Td (and ) Tj ET Q q 0 0 0 rg BT 164.35 118.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 188.98 118.40 Td (us ) Tj ET Q q 0 0 0 rg BT 200.29 118.40 Td (to ) Tj ET Q q 0 0 0 rg BT 210.49 118.40 Td (lose ) Tj ET Q q 0 0 0 rg BT 229.02 118.40 Td (current ) Tj ET Q q 0 0 0 rg BT 259.76 118.40 Td (customers, ) Tj ET Q q 0 0 0 rg BT 305.23 118.40 Td (all ) Tj ET Q q 0 0 0 rg BT 317.64 118.40 Td (of ) Tj ET Q q 0 0 0 rg BT 328.39 118.40 Td (which ) Tj ET Q q 0 0 0 rg BT 355.25 118.40 Td (could ) Tj ET Q q 0 0 0 rg BT 379.89 118.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 432.86 118.40 Td (harm ) Tj ET Q q 0 0 0 rg BT 455.83 118.40 Td (our ) Tj ET Q q 0 0 0 rg BT 471.58 118.40 Td (business ) Tj ET Q q 0 0 0 rg BT 507.89 118.40 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 118.40 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.40 Td (results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 85.40 Td (In ) Tj ET Q q 0 0 0 rg BT 83.82 85.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.08 85.40 Td (our ) Tj ET Q q 0 0 0 rg BT 136.40 85.40 Td (two ) Tj ET Q q 0 0 0 rg BT 153.38 85.40 Td (primary ) Tj ET Q q 0 0 0 rg BT 187.03 85.40 Td (data ) Tj ET Q q 0 0 0 rg BT 205.67 85.40 Td (centers, ) Tj ET Q q 0 0 0 rg BT 238.47 85.40 Td (located ) Tj ET Q q 0 0 0 rg BT 269.33 85.40 Td (in ) Tj ET Q q 0 0 0 rg BT 279.10 85.40 Td (Santa ) Tj ET Q q 0 0 0 rg BT 303.30 85.40 Td (Clara, ) Tj ET Q q 0 0 0 rg BT 329.44 85.40 Td (California ) Tj ET Q q 0 0 0 rg BT 371.97 85.40 Td (and ) Tj ET Q q 0 0 0 rg BT 388.40 85.40 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 426.21 85.40 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 459.03 85.40 Td (are ) Tj ET Q q 0 0 0 rg BT 473.23 85.40 Td (hosted ) Tj ET Q q 0 0 0 rg BT 501.32 85.40 Td (by ) Tj ET Q q 0 0 0 rg BT 513.31 85.40 Td (a ) Tj ET Q q 0 0 0 rg BT 519.74 85.40 Td (third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.40 Td (service ) Tj ET Q q 0 0 0 rg BT 80.90 73.40 Td (provider ) Tj ET Q q 0 0 0 rg BT 117.87 73.40 Td (over ) Tj ET Q q 0 0 0 rg BT 138.73 73.40 Td (which ) Tj ET Q q 0 0 0 rg BT 166.25 73.40 Td (we ) Tj ET Q q 0 0 0 rg BT 181.00 73.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 219.08 73.40 Td (regular ) Tj ET Q q 0 0 0 rg BT 250.48 73.40 Td (oversight ) Tj ET Q q 0 0 0 rg BT 290.79 73.40 Td (but ) Tj ET Q q 0 0 0 rg BT 306.66 73.40 Td (have ) Tj ET Q q 0 0 0 rg BT 328.62 73.40 Td (little ) Tj ET Q q 0 0 0 rg BT 350.04 73.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 375.89 73.40 Td (control. ) Tj ET Q q 0 0 0 rg BT 409.58 73.40 Td (W) Tj ET Q q 0 0 0 rg BT 418.22 73.40 Td (e ) Tj ET Q q 0 0 0 rg BT 425.75 73.40 Td (depend ) Tj ET Q q 0 0 0 rg BT 457.71 73.40 Td (on ) Tj ET Q q 0 0 0 rg BT 470.80 73.40 Td (this ) Tj ET Q q 0 0 0 rg BT 488.34 73.40 Td (third-party ) Tj ET Q q 0 0 0 rg BT 534.19 73.40 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.40 Td (provider ) Tj ET Q q 0 0 0 rg BT 86.36 61.40 Td (to ) Tj ET Q q 0 0 0 rg BT 97.13 61.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 130.66 61.40 Td (continuous ) Tj ET Q q 0 0 0 rg BT 177.54 61.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.96 61.40 Td (uninterrupted ) Tj ET Q q 0 0 0 rg BT 251.82 61.40 Td (access ) Tj ET Q q 0 0 0 rg BT 280.35 61.40 Td (to ) Tj ET Q q 0 0 0 rg BT 291.11 61.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.32 61.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 328.19 61.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 348.94 61.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 386.92 61.40 Td (and ) Tj ET Q q 0 0 0 rg BT 404.35 61.40 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 427.33 61.40 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 478.37 61.40 Td (If ) Tj ET Q q 0 0 0 rg BT 488.01 61.40 Td (for ) Tj ET Q q 0 0 0 rg BT 502.66 61.40 Td (any ) Tj ET Q q 0 0 0 rg BT 520.09 61.40 Td (reason ) Tj ET Q q 0 0 0 rg BT 549.17 61.40 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.40 Td (relationship ) Tj ET Q q 0 0 0 rg BT 99.28 49.40 Td (with ) Tj ET Q q 0 0 0 rg BT 119.62 49.40 Td (this ) Tj ET Q q 0 0 0 rg BT 136.63 49.40 Td (third ) Tj ET Q q 0 0 0 rg BT 158.08 49.40 Td (party ) Tj ET Q q 0 0 0 rg BT 181.19 49.40 Td (were ) Tj ET Q q 0 0 0 rg BT 203.18 49.40 Td (to ) Tj ET Q q 0 0 0 rg BT 213.52 49.40 Td (end ) Tj ET Q q 0 0 0 rg BT 230.53 49.40 Td (unexpectedly) Tj ET Q q 0 0 0 rg BT 283.19 49.40 Td (, ) Tj ET Q q 0 0 0 rg BT 288.25 49.40 Td (it ) Tj ET Q q 0 0 0 rg BT 296.37 49.40 Td (could ) Tj ET Q q 0 0 0 rg BT 321.15 49.40 Td (require ) Tj ET Q q 0 0 0 rg BT 352.03 49.40 Td (a ) Tj ET Q q 0 0 0 rg BT 359.03 49.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 403.81 49.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.37 49.40 Td (of ) Tj ET Q q 0 0 0 rg BT 447.26 49.40 Td (time ) Tj ET Q q 0 0 0 rg BT 467.60 49.40 Td (to ) Tj ET Q q 0 0 0 rg BT 477.94 49.40 Td (transition ) Tj ET Q q 0 0 0 rg BT 518.27 49.40 Td (the ) Tj ET Q q 0 0 0 rg BT 533.05 49.40 Td (hosting ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.76 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.02 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 93.61 740.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 123.85 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.56 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.93 740.10 Td (new ) Tj ET Q q 0 0 0 rg BT 158.52 740.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 203.21 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 233.46 740.10 Td (provider) Tj ET Q q 0 0 0 rg BT 266.78 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 271.07 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 279.71 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 286.08 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.22 740.10 Td (also ) Tj ET Q q 0 0 0 rg BT 318.26 740.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 348.51 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.22 740.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 411.25 740.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 442.62 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 457.88 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.25 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.51 740.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 534.21 740.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (provider) Tj ET Q q 0 0 0 rg BT 83.75 728.10 Td () Tj ET Q q 0 0 0 rg BT 86.53 728.10 Td (s ) Tj ET Q q 0 0 0 rg BT 93.75 728.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 127.91 728.10 Td (such ) Tj ET Q q 0 0 0 rg BT 149.57 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 161.23 728.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 209.01 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.67 728.10 Td (congestion ) Tj ET Q q 0 0 0 rg BT 267.33 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.44 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.99 728.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 330.10 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.76 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.31 728.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 391.73 728.10 Td (linking ) Tj ET Q q 0 0 0 rg BT 423.40 728.10 Td (us ) Tj ET Q q 0 0 0 rg BT 435.62 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.73 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.39 728.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 509.77 728.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 535.32 728.10 Td (we ) Tj ET Q q 0 0 0 rg BT 550.31 728.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.71 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.83 716.10 Td (third ) Tj ET Q q 0 0 0 rg BT 128.84 716.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 158.62 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.40 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.73 716.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 254.62 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.18 716.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 325.82 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.27 716.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 367.60 716.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 399.59 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.04 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.49 716.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 462.28 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.84 716.10 Td (because ) Tj ET Q q 0 0 0 rg BT 514.61 716.10 Td (some ) Tj ET Q q 0 0 0 rg BT 538.84 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 716.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (causes ) Tj ET Q q 0 0 0 rg BT 77.74 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.20 704.10 Td (system ) Tj ET Q q 0 0 0 rg BT 118.12 704.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 171.36 704.10 Td (may ) Tj ET Q q 0 0 0 rg BT 190.72 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.29 704.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 233.32 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.78 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.25 704.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 292.21 704.10 Td (we ) Tj ET Q q 0 0 0 rg BT 306.01 704.10 Td (may ) Tj ET Q q 0 0 0 rg BT 325.37 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.28 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.86 704.10 Td (able ) Tj ET Q q 0 0 0 rg BT 370.65 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.57 704.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 412.69 704.10 Td (such ) Tj ET Q q 0 0 0 rg BT 433.16 704.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 486.40 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.32 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.89 704.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 530.58 704.10 Td (manner) Tj ET Q q 0 0 0 rg BT 560.02 704.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.96 683.10 Td (future ) Tj ET Q q 0 0 0 rg BT 97.31 683.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 152.87 683.10 Td (will ) Tj ET Q q 0 0 0 rg BT 170.66 683.10 Td (be ) Tj ET Q q 0 0 0 rg BT 182.88 683.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 211.79 683.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 256.79 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.14 683.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.38 683.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 315.72 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.29 683.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 365.19 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.76 683.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 405.21 683.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 429.12 683.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 479.14 683.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 523.59 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.94 683.10 Td (grow ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.66 671.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.16 671.10 Td (new ) Tj ET Q q 0 0 0 rg BT 130.33 671.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 179.50 671.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 650.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 650.10 Td (o ) Tj ET Q q 0 0 0 rg BT 87.31 650.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 125.70 650.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.42 650.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 173.57 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.30 650.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 231.74 650.10 Td (we ) Tj ET Q q 0 0 0 rg BT 246.79 650.10 Td (must ) Tj ET Q q 0 0 0 rg BT 269.64 650.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 305.79 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.41 650.10 Td (number ) Tj ET Q q 0 0 0 rg BT 355.35 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.08 650.10 Td (users ) Tj ET Q q 0 0 0 rg BT 391.03 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.75 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.48 650.10 Td (software ) Tj ET Q q 0 0 0 rg BT 457.31 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.14 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.76 650.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 537.46 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 650.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.08 638.10 Td (users ) Tj ET Q q 0 0 0 rg BT 108.78 638.10 Td (who ) Tj ET Q q 0 0 0 rg BT 128.14 638.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 158.06 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.54 638.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 220.67 638.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 242.82 638.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 290.51 638.10 Td (of) Tj ET Q q 0 0 0 rg BT 298.66 638.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 327.19 638.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.77 638.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.36 638.10 Td (we ) Tj ET Q q 0 0 0 rg BT 389.17 638.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 425.18 638.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 455.08 638.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 492.76 638.10 Td (than ) Tj ET Q q 0 0 0 rg BT 512.13 638.10 Td (from ) Tj ET Q q 0 0 0 rg BT 533.71 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 549.19 638.10 Td (on-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (premise ) Tj ET Q q 0 0 0 rg BT 83.80 626.10 Td (license ) Tj ET Q q 0 0 0 rg BT 114.20 626.10 Td (of) Tj ET Q q 0 0 0 rg BT 122.35 626.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 148.87 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.17 626.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.25 626.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.55 626.10 Td (will ) Tj ET Q q 0 0 0 rg BT 222.75 626.10 Td (no ) Tj ET Q q 0 0 0 rg BT 235.39 626.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 263.57 626.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 296.76 626.10 Td (software ) Tj ET Q q 0 0 0 rg BT 333.83 626.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 368.12 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 379.09 626.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 417.82 626.10 Td (support ) Tj ET Q q 0 0 0 rg BT 450.46 626.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 493.09 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.51 626.10 Td (May ) Tj ET Q q 0 0 0 rg BT 524.48 626.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.48 626.10 Td (. ) Tj ET Q q 0 0 0 rg BT 549.43 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 626.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 78.49 614.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 119.68 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.34 614.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 182.66 614.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 204.99 614.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 236.00 614.10 Td (, ) Tj ET Q q 0 0 0 rg BT 240.83 614.10 Td (including ) Tj ET Q q 0 0 0 rg BT 280.93 614.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.59 614.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 358.35 614.10 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.24 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.57 614.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 419.40 614.10 Td (will ) Tj ET Q q 0 0 0 rg BT 437.29 614.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 474.05 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.16 614.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.93 614.10 Td (successful. ) Tj ET Q q 0 0 0 rg BT 541.86 614.10 Td (If ) Tj ET Q q 0 0 0 rg BT 550.85 614.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 602.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 93.36 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.64 602.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 138.89 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.61 602.10 Td (number ) Tj ET Q q 0 0 0 rg BT 186.66 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.49 602.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 219.99 602.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 268.04 602.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 313.58 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.41 602.10 Td (business ) Tj ET Q q 0 0 0 rg BT 365.80 602.10 Td (may ) Tj ET Q q 0 0 0 rg BT 385.52 602.10 Td (be ) Tj ET Q q 0 0 0 rg BT 397.46 602.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 440.50 602.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 481.31 602.10 Td (af) Tj ET Q q 0 0 0 rg BT 488.90 602.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 581.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.45 581.10 Td (success ) Tj ET Q q 0 0 0 rg BT 123.85 581.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.81 581.10 Td (depend, ) Tj ET Q q 0 0 0 rg BT 175.58 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.77 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.61 581.10 Td (lar) Tj ET Q q 0 0 0 rg BT 202.97 581.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 214.81 581.10 Td (extent, ) Tj ET Q q 0 0 0 rg BT 244.15 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.55 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.17 581.10 Td (willingness ) Tj ET Q q 0 0 0 rg BT 319.13 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.86 581.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 370.03 581.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 401.31 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.49 581.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 448.32 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.50 581.10 Td (accept ) Tj ET Q q 0 0 0 rg BT 486.44 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.06 581.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 523.46 581.10 Td (model ) Tj ET Q q 0 0 0 rg BT 550.86 581.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 92.73 569.10 Td (software ) Tj ET Q q 0 0 0 rg BT 129.85 569.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 180.86 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 198.54 569.10 Td (they ) Tj ET Q q 0 0 0 rg BT 218.45 569.10 Td (view ) Tj ET Q q 0 0 0 rg BT 240.58 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.60 569.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 282.05 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.51 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.42 569.10 Td (success ) Tj ET Q q 0 0 0 rg BT 340.10 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.12 569.10 Td (their ) Tj ET Q q 0 0 0 rg BT 372.13 569.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 411.21 569.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 429.46 569.10 Td (success ) Tj ET Q q 0 0 0 rg BT 462.14 569.10 Td (will ) Tj ET Q q 0 0 0 rg BT 480.38 569.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 533.62 569.10 Td (depend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.88 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.60 557.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 105.53 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.70 557.10 Td (convince ) Tj ET Q q 0 0 0 rg BT 154.18 557.10 Td (enterprises ) Tj ET Q q 0 0 0 rg BT 199.88 557.10 Td (using ) Tj ET Q q 0 0 0 rg BT 223.93 557.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 271.30 557.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 313.11 557.10 Td (software ) Tj ET Q q 0 0 0 rg BT 349.92 557.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 388.42 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.58 557.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 424.86 557.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 469.45 557.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 510.71 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.54 557.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 89.57 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.66 545.10 Td (migrate ) Tj ET Q q 0 0 0 rg BT 132.51 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.60 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.24 545.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 180.55 545.10 Td (of) Tj ET Q q 0 0 0 rg BT 188.70 545.10 Td (fering. ) Tj ET Q q 0 0 0 rg BT 217.39 545.10 Td (It ) Tj ET Q q 0 0 0 rg BT 225.81 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 234.79 545.10 Td (dif) Tj ET Q q 0 0 0 rg BT 245.72 545.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 269.13 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.22 545.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 309.30 545.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 348.26 545.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 385.57 545.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 406.76 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.51 545.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 457.47 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 471.45 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.09 545.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 524.10 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 545.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.77 533.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.70 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.09 533.10 Td (size ) Tj ET Q q 0 0 0 rg BT 134.58 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.85 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.01 533.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 183.96 533.10 Td (market ) Tj ET Q q 0 0 0 rg BT 214.67 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.94 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.10 533.10 Td (entry ) Tj ET Q q 0 0 0 rg BT 264.59 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.87 533.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 326.02 533.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 379.57 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 398.06 533.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 429.34 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.61 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.77 533.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 478.72 533.10 Td (market ) Tj ET Q q 0 0 0 rg BT 509.42 533.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 545.14 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 558.08 533.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (number ) Tj ET Q q 0 0 0 rg BT 82.84 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.97 521.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 126.47 521.10 Td (including ) Tj ET Q q 0 0 0 rg BT 167.04 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.05 521.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 203.45 521.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 256.77 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.00 521.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 315.66 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 340.11 521.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 383.99 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 404.57 521.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 427.36 521.10 Td (of) Tj ET Q q 0 0 0 rg BT 435.51 521.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 468.57 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.70 521.10 Td (well ) Tj ET Q q 0 0 0 rg BT 499.71 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.83 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.84 521.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.19 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 71.81 509.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 116.89 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.98 509.10 Td (address ) Tj ET Q q 0 0 0 rg BT 159.28 509.10 Td (security ) Tj ET Q q 0 0 0 rg BT 193.24 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.99 509.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 242.29 509.10 Td (concerns. ) Tj ET Q q 0 0 0 rg BT 282.64 509.10 Td (If ) Tj ET Q q 0 0 0 rg BT 291.61 509.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.47 509.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 336.78 509.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 376.86 509.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 422.47 509.10 Td (security ) Tj ET Q q 0 0 0 rg BT 456.43 509.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 497.35 509.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 515.22 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.86 509.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 71.99 497.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 119.78 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.89 497.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 166.99 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.66 497.10 Td (other ) Tj ET Q q 0 0 0 rg BT 202.54 497.10 Td (problems, ) Tj ET Q q 0 0 0 rg BT 245.59 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 497.10 Td (market ) Tj ET Q q 0 0 0 rg BT 292.25 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.24 497.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 330.58 497.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 382.24 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.90 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.68 497.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 431.95 497.10 Td (including ) Tj ET Q q 0 0 0 rg BT 473.06 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.73 497.10 Td (own ) Tj ET Q q 0 0 0 rg BT 510.29 497.10 Td (products ) Tj ET Q q 0 0 0 rg BT 548.06 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 86.97 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 106.95 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 119.16 485.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 163.57 485.10 Td (af) Tj ET Q q 0 0 0 rg BT 171.16 485.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 200.85 485.10 Td (If ) Tj ET Q q 0 0 0 rg BT 210.28 485.10 Td (there ) Tj ET Q q 0 0 0 rg BT 233.03 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.46 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.66 485.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 290.19 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.74 485.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 335.16 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.58 485.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 372.35 485.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 402.32 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 415.08 485.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 471.72 485.10 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 519.18 485.10 Td (weakening ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 91.91 473.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 139.62 473.10 Td (security ) Tj ET Q q 0 0 0 rg BT 174.81 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.68 473.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 220.21 473.10 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 261.79 473.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 307.54 473.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 361.62 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.60 473.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 420.08 473.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 461.92 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.24 473.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 514.53 473.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 554.18 473.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 93.38 461.10 Td (it ) Tj ET Q q 0 0 0 rg BT 101.43 461.10 Td (could ) Tj ET Q q 0 0 0 rg BT 126.15 461.10 Td (result ) Tj ET Q q 0 0 0 rg BT 150.87 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.15 461.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 203.06 461.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 241.10 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.04 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.87 461.10 Td (business ) Tj ET Q q 0 0 0 rg BT 310.26 461.10 Td (could ) Tj ET Q q 0 0 0 rg BT 334.97 461.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.91 461.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 387.73 461.10 Td (af) Tj ET Q q 0 0 0 rg BT 395.32 461.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.16 440.10 Td (order ) Tj ET Q q 0 0 0 rg BT 87.58 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.56 440.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 122.33 440.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.98 440.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 180.70 440.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.01 440.10 Td (must ) Tj ET Q q 0 0 0 rg BT 218.23 440.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 251.43 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.41 440.10 Td (use ) Tj ET Q q 0 0 0 rg BT 284.50 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.04 440.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 340.90 440.10 Td (services ) Tj ET Q q 0 0 0 rg BT 376.31 440.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 392.58 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.34 440.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 448.98 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.96 440.10 Td (number ) Tj ET Q q 0 0 0 rg BT 500.40 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.93 440.10 Td (transactions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 428.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 84.01 428.10 Td (through, ) Tj ET Q q 0 0 0 rg BT 122.37 428.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.64 428.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 159.59 428.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 180.42 428.10 Td (Network) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.42 428.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 407.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 407.10 Td (o ) Tj ET Q q 0 0 0 rg BT 87.13 407.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 110.90 407.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.45 407.10 Td (base ) Tj ET Q q 0 0 0 rg BT 148.43 407.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.98 407.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 182.08 407.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 203.07 407.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.06 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.27 407.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 293.64 407.10 Td (we ) Tj ET Q q 0 0 0 rg BT 308.52 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.18 407.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 370.49 407.10 Td (service ) Tj ET Q q 0 0 0 rg BT 402.03 407.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 443.01 407.10 Td (must ) Tj ET Q q 0 0 0 rg BT 465.68 407.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 503.33 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.33 407.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 550.30 407.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (features ) Tj ET Q q 0 0 0 rg BT 84.46 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.21 395.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 156.62 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.26 395.10 Td (of) Tj ET Q q 0 0 0 rg BT 176.41 395.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 207.50 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.59 395.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 244.40 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.71 395.10 Td (In ) Tj ET Q q 0 0 0 rg BT 259.35 395.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 297.94 395.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 342.34 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.87 395.10 Td (number ) Tj ET Q q 0 0 0 rg BT 391.73 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.38 395.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 447.79 395.10 Td (service ) Tj ET Q q 0 0 0 rg BT 479.42 395.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 530.49 395.10 Td (ef) Tj ET Q q 0 0 0 rg BT 538.08 395.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (through ) Tj ET Q q 0 0 0 rg BT 82.97 383.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.54 383.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 118.79 383.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 138.92 383.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.91 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.27 383.10 Td (will ) Tj ET Q q 0 0 0 rg BT 194.18 383.10 Td (depend, ) Tj ET Q q 0 0 0 rg BT 227.92 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.06 383.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 258.46 383.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.82 383.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 314.28 383.10 Td (service ) Tj ET Q q 0 0 0 rg BT 344.96 383.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 385.09 383.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 428.54 383.10 Td (their ) Tj ET Q q 0 0 0 rg BT 449.22 383.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 487.67 383.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 538.07 383.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 371.10 Td (lar) Tj ET Q q 0 0 0 rg BT 69.04 371.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 88.75 371.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 120.69 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.52 371.10 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 350.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 350.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.26 350.10 Td (must ) Tj ET Q q 0 0 0 rg BT 113.39 350.10 Td (also ) Tj ET Q q 0 0 0 rg BT 133.18 350.10 Td (convince ) Tj ET Q q 0 0 0 rg BT 172.95 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.07 350.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 212.52 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.53 350.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.20 350.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 285.77 350.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 307.22 350.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.21 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.89 350.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 398.72 350.10 Td (including ) Tj ET Q q 0 0 0 rg BT 440.17 350.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 481.62 350.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 516.68 350.10 Td (originators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 93.02 338.10 Td (service ) Tj ET Q q 0 0 0 rg BT 123.77 338.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 163.96 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.82 338.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 204.91 338.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 238.71 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.46 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.11 338.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 298.19 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.94 338.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 350.79 338.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 397.10 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.96 338.10 Td (network ) Tj ET Q q 0 0 0 rg BT 449.15 338.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 502.12 338.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.87 338.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.72 338.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 93.10 326.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 133.36 326.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 179.74 326.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 216.13 326.10 Td (including ) Tj ET Q q 0 0 0 rg BT 256.40 326.10 Td (paper) Tj ET Q q 0 0 0 rg BT 278.21 326.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.21 326.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 324.86 326.10 Td (courier) Tj ET Q q 0 0 0 rg BT 352.78 326.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.78 326.10 Td (mail ) Tj ET Q q 0 0 0 rg BT 378.05 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.99 326.10 Td (email.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 305.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.29 305.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 118.66 305.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 160.23 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 177.94 305.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.98 305.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 215.58 305.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 236.06 305.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.05 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.76 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.91 305.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.17 305.10 Td (service ) Tj ET Q q 0 0 0 rg BT 345.20 305.10 Td (of) Tj ET Q q 0 0 0 rg BT 353.35 305.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 383.83 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.10 305.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 435.34 305.10 Td (market ) Tj ET Q q 0 0 0 rg BT 465.82 305.10 Td (acceptance. ) Tj ET Q q 0 0 0 rg BT 514.88 305.10 Td (In ) Tj ET Q q 0 0 0 rg BT 525.92 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.85 305.10 Td (event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 293.10 Td (ef) Tj ET Q q 0 0 0 rg BT 80.13 293.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 100.96 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.67 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 130.95 293.10 Td (successful, ) Tj ET Q q 0 0 0 rg BT 177.05 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.88 293.10 Td (business ) Tj ET Q q 0 0 0 rg BT 229.27 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.21 293.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 277.04 293.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 317.31 293.10 Td (would ) Tj ET Q q 0 0 0 rg BT 344.81 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.75 293.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 397.56 293.10 Td (af) Tj ET Q q 0 0 0 rg BT 405.15 293.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.44 272.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 100.48 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.52 272.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 143.10 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.14 272.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 211.85 272.10 Td (information ) Tj ET Q q 0 0 0 rg BT 264.57 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.16 272.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.88 272.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 344.37 272.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 371.80 272.10 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.52 272.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 412.22 272.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 433.82 272.10 Td (Network) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.82 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.08 272.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 524.24 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.06 272.10 Td (their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.53 260.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 136.70 260.10 Td (could ) Tj ET Q q 0 0 0 rg BT 161.98 260.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 196.70 260.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.65 260.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 258.94 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.00 260.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 303.95 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.01 260.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 376.75 260.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 401.48 260.10 Td (our ) Tj ET Q q 0 0 0 rg BT 418.44 260.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 239.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 105.56 239.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 155.95 239.10 Td (information ) Tj ET Q q 0 0 0 rg BT 205.79 239.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 238.96 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.37 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.33 239.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.51 239.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 339.19 239.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 239.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 376.66 239.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 397.06 239.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.68 239.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 483.96 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.02 239.10 Td (their ) Tj ET Q q 0 0 0 rg BT 521.98 239.10 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.24 227.10 Td (resides ) Tj ET Q q 0 0 0 rg BT 122.20 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.39 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.92 227.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 194.87 227.10 Td (hosted ) Tj ET Q q 0 0 0 rg BT 223.17 227.10 Td (data ) Tj ET Q q 0 0 0 rg BT 242.02 227.10 Td (center ) Tj ET Q q 0 0 0 rg BT 268.64 227.10 Td (servers ) Tj ET Q q 0 0 0 rg BT 299.15 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.78 227.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.64 227.10 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 371.82 227.10 Td (over ) Tj ET Q q 0 0 0 rg BT 391.79 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.31 227.10 Td (network. ) Tj ET Q q 0 0 0 rg BT 444.61 227.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.25 227.10 Td (e ) Tj ET Q q 0 0 0 rg BT 459.88 227.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 477.62 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.81 227.10 Td (encryption ) Tj ET Q q 0 0 0 rg BT 534.77 227.10 Td (as ) Tj ET Q q 0 0 0 rg BT 545.29 227.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.39 215.10 Td (authentication ) Tj ET Q q 0 0 0 rg BT 121.59 215.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 169.58 215.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 205.90 215.10 Td (from ) Tj ET Q q 0 0 0 rg BT 228.89 215.10 Td (third ) Tj ET Q q 0 0 0 rg BT 251.33 215.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 281.55 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.88 215.10 Td (ef) Tj ET Q q 0 0 0 rg BT 300.47 215.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 319.01 215.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 348.10 215.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 402.22 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.10 215.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 465.42 215.10 Td (information ) Tj ET Q q 0 0 0 rg BT 516.19 215.10 Td (over ) Tj ET Q q 0 0 0 rg BT 537.51 215.10 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (networks, ) Tj ET Q q 0 0 0 rg BT 91.04 203.10 Td (including ) Tj ET Q q 0 0 0 rg BT 131.19 203.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 167.44 203.10 Td (information ) Tj ET Q q 0 0 0 rg BT 217.03 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.85 203.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 258.99 203.10 Td (card ) Tj ET Q q 0 0 0 rg BT 278.58 203.10 Td (numbers. ) Tj ET Q q 0 0 0 rg BT 317.72 203.10 Td (These ) Tj ET Q q 0 0 0 rg BT 343.98 203.10 Td (security ) Tj ET Q q 0 0 0 rg BT 378.01 203.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 417.59 203.10 Td (may ) Tj ET Q q 0 0 0 rg BT 437.19 203.10 Td (be ) Tj ET Q q 0 0 0 rg BT 449.01 203.10 Td (breached ) Tj ET Q q 0 0 0 rg BT 487.47 203.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.18 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.99 203.10 Td (result ) Tj ET Q q 0 0 0 rg BT 529.59 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.29 203.10 Td (third-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (party ) Tj ET Q q 0 0 0 rg BT 72.64 191.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 102.17 191.10 Td (including ) Tj ET Q q 0 0 0 rg BT 142.54 191.10 Td (intentional ) Tj ET Q q 0 0 0 rg BT 187.91 191.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 236.61 191.10 Td (by ) Tj ET Q q 0 0 0 rg BT 249.21 191.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 289.57 191.10 Td (hackers, ) Tj ET Q q 0 0 0 rg BT 325.20 191.10 Td (service ) Tj ET Q q 0 0 0 rg BT 356.11 191.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 392.59 191.10 Td (error) Tj ET Q q 0 0 0 rg BT 411.61 191.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.71 191.10 Td (malfeasance ) Tj ET Q q 0 0 0 rg BT 468.72 191.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.64 191.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 523.62 191.10 Td (Customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.44 179.10 Td (or ) Tj ET Q q 0 0 0 rg BT 79.05 179.10 Td (our ) Tj ET Q q 0 0 0 rg BT 94.66 179.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 144.70 179.10 Td (information ) Tj ET Q q 0 0 0 rg BT 194.19 179.10 Td (may ) Tj ET Q q 0 0 0 rg BT 213.69 179.10 Td (be ) Tj ET Q q 0 0 0 rg BT 225.41 179.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 242.14 179.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.76 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.48 179.10 Td (result ) Tj ET Q q 0 0 0 rg BT 283.97 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.59 179.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 335.74 179.10 Td (error ) Tj ET Q q 0 0 0 rg BT 357.45 179.10 Td (or ) Tj ET Q q 0 0 0 rg BT 368.06 179.10 Td (malfeasance. ) Tj ET Q q 0 0 0 rg BT 422.25 179.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 440.09 179.10 Td (servers ) Tj ET Q q 0 0 0 rg BT 470.69 179.10 Td (may ) Tj ET Q q 0 0 0 rg BT 490.19 179.10 Td (also ) Tj ET Q q 0 0 0 rg BT 508.58 179.10 Td (be ) Tj ET Q q 0 0 0 rg BT 520.30 179.10 Td (vulnerable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.07 167.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 98.63 167.10 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 131.25 167.10 Td (break-ins ) Tj ET Q q 0 0 0 rg BT 170.25 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.48 167.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 216.04 167.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 262.28 167.10 Td (from ) Tj ET Q q 0 0 0 rg BT 283.51 167.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 337.51 167.10 Td (tampering ) Tj ET Q q 0 0 0 rg BT 379.84 167.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.41 167.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.53 167.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 454.09 167.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 490.05 167.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.28 167.10 Td (could ) Tj ET Q q 0 0 0 rg BT 540.29 167.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.28 155.10 Td (someone ) Tj ET Q q 0 0 0 rg BT 100.83 155.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 142.61 155.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 198.81 155.10 Td (access ) Tj ET Q q 0 0 0 rg BT 228.35 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.14 155.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.47 155.10 Td (customers) Tj ET Q q 0 0 0 rg BT 300.60 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.61 155.10 Td (data ) Tj ET Q q 0 0 0 rg BT 325.27 155.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.60 155.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.93 155.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 378.09 155.10 Td (including ) Tj ET Q q 0 0 0 rg BT 419.87 155.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.20 155.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 485.63 155.10 Td (property ) Tj ET Q q 0 0 0 rg BT 523.51 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.95 155.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 99.23 143.10 Td (business ) Tj ET Q q 0 0 0 rg BT 135.10 143.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 186.79 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 197.09 143.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.40 143.10 Td (IT) Tj ET Q q 0 0 0 rg BT 221.66 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.63 143.10 Td (systems. ) Tj ET Q q 0 0 0 rg BT 259.78 143.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 295.07 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.26 143.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 354.00 143.10 Td (used ) Tj ET Q q 0 0 0 rg BT 374.30 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.06 143.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 411.03 143.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 465.20 143.10 Td (access ) Tj ET Q q 0 0 0 rg BT 492.72 143.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 504.97 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.27 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.03 143.10 Td (sabotage, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.64 131.10 Td (change ) Tj ET Q q 0 0 0 rg BT 114.43 131.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 158.00 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.91 131.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.59 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.27 131.10 Td (not ) Tj ET Q q 0 0 0 rg BT 244.52 131.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 290.85 131.10 Td (until ) Tj ET Q q 0 0 0 rg BT 311.66 131.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 350.23 131.10 Td (against ) Tj ET Q q 0 0 0 rg BT 381.03 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.94 131.10 Td (tar) Tj ET Q q 0 0 0 rg BT 398.30 131.10 Td (get, ) Tj ET Q q 0 0 0 rg BT 415.49 131.10 Td (we ) Tj ET Q q 0 0 0 rg BT 429.63 131.10 Td (may ) Tj ET Q q 0 0 0 rg BT 449.32 131.10 Td (be ) Tj ET Q q 0 0 0 rg BT 461.23 131.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 490.36 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.61 131.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 541.95 131.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 95.84 119.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.75 119.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 154.10 119.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 193.21 119.10 Td (preventative ) Tj ET Q q 0 0 0 rg BT 246.21 119.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 289.24 119.10 Td (The ) Tj ET Q q 0 0 0 rg BT 308.36 119.10 Td (possession ) Tj ET Q q 0 0 0 rg BT 354.72 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.74 119.10 Td (use ) Tj ET Q q 0 0 0 rg BT 389.65 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.56 119.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 439.02 119.10 Td (information ) Tj ET Q q 0 0 0 rg BT 489.81 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.17 119.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 549.18 119.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (business ) Tj ET Q q 0 0 0 rg BT 85.18 107.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 115.28 107.10 Td (us ) Tj ET Q q 0 0 0 rg BT 125.96 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.52 107.10 Td (legislative ) Tj ET Q q 0 0 0 rg BT 178.40 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.63 107.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 237.50 107.10 Td (burdens ) Tj ET Q q 0 0 0 rg BT 270.95 107.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.73 107.10 Td (may ) Tj ET Q q 0 0 0 rg BT 306.73 107.10 Td (require ) Tj ET Q q 0 0 0 rg BT 336.83 107.10 Td (notification ) Tj ET Q q 0 0 0 rg BT 384.71 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.27 107.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 436.60 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.16 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.16 107.10 Td (event ) Tj ET Q q 0 0 0 rg BT 483.60 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.72 107.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.94 107.10 Td (security ) Tj ET Q q 0 0 0 rg BT 533.38 107.10 Td (breach, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 79.76 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.59 95.10 Td (use ) Tj ET Q q 0 0 0 rg BT 111.42 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.25 95.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 158.63 95.10 Td (information ) Tj ET Q q 0 0 0 rg BT 208.34 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.28 95.10 Td (hinder ) Tj ET Q q 0 0 0 rg BT 253.33 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.16 95.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 297.21 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.49 95.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 339.41 95.10 Td (new ) Tj ET Q q 0 0 0 rg BT 358.57 95.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 401.62 95.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.45 95.10 Td (market ) Tj ET Q q 0 0 0 rg BT 442.71 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.99 95.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 487.16 95.10 Td (customers.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.84 740.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 117.77 740.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 158.90 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 176.16 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.75 740.10 Td (security ) Tj ET Q q 0 0 0 rg BT 225.68 740.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 265.15 740.10 Td (will ) Tj ET Q q 0 0 0 rg BT 282.97 740.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 315.23 740.10 Td (security ) Tj ET Q q 0 0 0 rg BT 349.15 740.10 Td (breaches. ) Tj ET Q q 0 0 0 rg BT 388.39 740.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 407.88 740.10 Td (such ) Tj ET Q q 0 0 0 rg BT 428.48 740.10 Td (compromise ) Tj ET Q q 0 0 0 rg BT 480.18 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.78 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 506.37 740.10 Td (security ) Tj ET Q q 0 0 0 rg BT 540.29 740.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 83.43 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.60 728.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 142.98 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.26 728.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 185.86 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.14 728.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 233.75 728.10 Td (us ) Tj ET Q q 0 0 0 rg BT 245.48 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.10 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.37 728.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 281.21 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.38 728.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 310.78 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.95 728.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 360.89 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.06 728.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 415.99 728.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 447.16 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.44 728.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 502.26 728.10 Td (liability) Tj ET Q q 0 0 0 rg BT 532.72 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.06 728.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.00 716.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 130.05 716.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 153.09 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.92 716.10 Td (business ) Tj ET Q q 0 0 0 rg BT 205.31 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.24 716.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.51 716.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 293.43 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.07 716.10 Td (e ) Tj ET Q q 0 0 0 rg BT 309.00 716.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.72 716.10 Td (need ) Tj ET Q q 0 0 0 rg BT 350.09 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.37 716.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 391.74 716.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 436.45 716.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 476.71 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.99 716.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 517.25 716.10 Td (against ) Tj ET Q q 0 0 0 rg BT 548.07 716.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 81.99 704.10 Td (any ) Tj ET Q q 0 0 0 rg BT 98.92 704.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 136.41 704.10 Td (security ) Tj ET Q q 0 0 0 rg BT 170.57 704.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 208.04 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.98 704.10 Td (their ) Tj ET Q q 0 0 0 rg BT 245.81 704.10 Td (consequences.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 683.10 Td (e ) Tj ET Q q 0 0 0 rg BT 63.86 683.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 93.98 683.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 138.52 683.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 168.62 683.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 220.97 683.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 255.52 683.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.19 683.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 301.86 683.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 323.64 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.97 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.53 683.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.08 683.10 Td (these ) Tj ET Q q 0 0 0 rg BT 407.96 683.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.74 683.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.73 683.10 Td (have ) Tj ET Q q 0 0 0 rg BT 469.95 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.29 683.10 Td (our ) Tj ET Q q 0 0 0 rg BT 498.52 683.10 Td (future ) Tj ET Q q 0 0 0 rg BT 525.85 683.10 Td (revenues ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 671.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 109.51 671.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 650.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.10 650.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 133.70 650.10 Td (have ) Tj ET Q q 0 0 0 rg BT 154.63 650.10 Td (no ) Tj ET Q q 0 0 0 rg BT 166.68 650.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 209.28 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.11 650.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 245.59 650.10 Td (their ) Tj ET Q q 0 0 0 rg BT 265.97 650.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 320.79 650.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.51 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.89 650.10 Td (service ) Tj ET Q q 0 0 0 rg BT 380.25 650.10 Td (after ) Tj ET Q q 0 0 0 rg BT 400.62 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.89 650.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 457.48 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.86 650.10 Td (their ) Tj ET Q q 0 0 0 rg BT 488.24 650.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 513.62 650.10 Td (subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 79.79 638.10 Td (which ) Tj ET Q q 0 0 0 rg BT 106.48 638.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 134.82 638.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.51 638.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.95 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.19 638.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.22 638.10 Td (five ) Tj ET Q q 0 0 0 rg BT 201.01 638.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.11 638.10 Td (. ) Tj ET Q q 0 0 0 rg BT 226.69 638.10 Td (They ) Tj ET Q q 0 0 0 rg BT 249.48 638.10 Td (may ) Tj ET Q q 0 0 0 rg BT 268.95 638.10 Td (also ) Tj ET Q q 0 0 0 rg BT 287.30 638.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 317.32 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.34 638.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 354.02 638.10 Td (their ) Tj ET Q q 0 0 0 rg BT 374.59 638.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 429.61 638.10 Td (at ) Tj ET Q q 0 0 0 rg BT 439.07 638.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 464.09 638.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 492.16 638.10 Td (In ) Tj ET Q q 0 0 0 rg BT 502.74 638.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 540.26 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 638.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (first ) Tj ET Q q 0 0 0 rg BT 68.35 626.10 Td (year ) Tj ET Q q 0 0 0 rg BT 88.31 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.39 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.57 626.10 Td (subscription, ) Tj ET Q q 0 0 0 rg BT 160.70 626.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 204.00 626.10 Td (often ) Tj ET Q q 0 0 0 rg BT 227.29 626.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 265.57 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.76 626.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 301.05 626.10 Td (level ) Tj ET Q q 0 0 0 rg BT 323.23 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.31 626.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 385.93 626.10 Td (services ) Tj ET Q q 0 0 0 rg BT 420.89 626.10 Td (than ) Tj ET Q q 0 0 0 rg BT 440.85 626.10 Td (they ) Tj ET Q q 0 0 0 rg BT 460.81 626.10 Td (do ) Tj ET Q q 0 0 0 rg BT 473.56 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.08 626.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 518.48 626.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 544.22 626.10 Td (As ) Tj ET Q q 0 0 0 rg BT 558.08 626.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.68 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 94.47 614.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 123.48 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.72 614.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 158.73 614.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.86 614.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 213.42 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.66 614.10 Td (part ) Tj ET Q q 0 0 0 rg BT 243.67 614.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.13 614.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 301.13 614.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 348.47 614.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.92 614.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 448.16 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.06 614.10 Td (services ) Tj ET Q q 0 0 0 rg BT 501.73 614.10 Td (after ) Tj ET Q q 0 0 0 rg BT 523.51 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 614.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 102.05 602.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 126.28 602.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.92 602.10 Td (e ) Tj ET Q q 0 0 0 rg BT 143.02 602.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 173.34 602.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 218.09 602.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 249.52 602.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 284.83 602.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 307.37 602.10 Td (given ) Tj ET Q q 0 0 0 rg BT 333.25 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.25 602.10 Td (varied ) Tj ET Q q 0 0 0 rg BT 378.90 602.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 419.22 602.10 Td (base ) Tj ET Q q 0 0 0 rg BT 440.66 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.76 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.65 602.10 Td (number ) Tj ET Q q 0 0 0 rg BT 508.86 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 602.10 Td (multi-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.09 590.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 140.39 590.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.65 590.10 Td (customers) Tj ET Q q 0 0 0 rg BT 200.78 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.49 590.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 235.84 590.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.42 590.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.35 590.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 305.92 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.96 590.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 352.64 590.10 Td (because ) Tj ET Q q 0 0 0 rg BT 386.00 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.03 590.10 Td (several ) Tj ET Q q 0 0 0 rg BT 426.05 590.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 457.46 590.10 Td (including ) Tj ET Q q 0 0 0 rg BT 496.94 590.10 Td (their ) Tj ET Q q 0 0 0 rg BT 516.97 590.10 Td (satisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.61 578.10 Td (dissatisfaction ) Tj ET Q q 0 0 0 rg BT 120.60 578.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.16 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.26 578.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 194.75 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.74 578.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 236.40 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.51 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.62 578.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 301.10 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.10 578.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.75 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.86 578.10 Td (services ) Tj ET Q q 0 0 0 rg BT 388.85 578.10 Td (of) Tj ET Q q 0 0 0 rg BT 397.00 578.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 420.31 578.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.09 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.20 578.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 499.19 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.30 578.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 554.73 578.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.36 566.10 Td (customers) Tj ET Q q 0 0 0 rg BT 109.50 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.03 566.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 152.68 566.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 179.54 566.10 Td (due ) Tj ET Q q 0 0 0 rg BT 197.51 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.82 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.57 566.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 291.96 566.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 346.04 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 357.90 566.10 Td (other ) Tj ET Q q 0 0 0 rg BT 381.98 566.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 415.23 566.10 Td (If ) Tj ET Q q 0 0 0 rg BT 425.42 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.28 566.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 486.37 566.10 Td (do ) Tj ET Q q 0 0 0 rg BT 499.90 566.10 Td (not ) Tj ET Q q 0 0 0 rg BT 516.21 566.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 544.17 566.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 104.49 554.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.36 554.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.90 554.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 170.82 554.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 197.46 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.68 554.10 Td (less ) Tj ET Q q 0 0 0 rg BT 226.89 554.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 266.85 554.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 291.28 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.82 554.10 Td (do ) Tj ET Q q 0 0 0 rg BT 314.04 554.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.03 554.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 366.78 554.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 408.98 554.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 463.97 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.51 554.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 511.43 554.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.97 554.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 542.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 92.27 542.10 Td (more ) Tj ET Q q 0 0 0 rg BT 115.32 542.10 Td (slowly ) Tj ET Q q 0 0 0 rg BT 144.49 542.10 Td (than ) Tj ET Q q 0 0 0 rg BT 164.20 542.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 202.23 542.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.06 542.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 244.44 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.38 542.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.21 542.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 327.47 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.41 542.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 368.03 542.10 Td (mar) Tj ET Q q 0 0 0 rg BT 383.39 542.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 398.67 542.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 444.47 542.10 Td (may ) Tj ET Q q 0 0 0 rg BT 464.19 542.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.13 542.10 Td (harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 92.29 521.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 126.19 521.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 158.98 521.10 Td (was ) Tj ET Q q 0 0 0 rg BT 177.33 521.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 231.23 521.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 256.79 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.92 521.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 290.71 521.10 Td (than ) Tj ET Q q 0 0 0 rg BT 312.40 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.53 521.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 348.82 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.17 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 387.17 521.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 425.50 521.10 Td (further ) Tj ET Q q 0 0 0 rg BT 457.74 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.87 521.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 491.65 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.00 521.10 Td (future ) Tj ET Q q 0 0 0 rg BT 538.35 521.10 Td (years, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.01 509.10 Td (would ) Tj ET Q q 0 0 0 rg BT 104.52 509.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 148.68 509.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 189.50 509.10 Td (af) Tj ET Q q 0 0 0 rg BT 197.64 509.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 215.13 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.08 509.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 488.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 114.67 488.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 146.96 488.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 179.25 488.10 Td (was ) Tj ET Q q 0 0 0 rg BT 197.09 488.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 249.38 488.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 274.44 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.51 488.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 306.81 488.10 Td (than ) Tj ET Q q 0 0 0 rg BT 326.32 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.39 488.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 361.18 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.92 488.10 Td (may ) Tj ET Q q 0 0 0 rg BT 397.43 488.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 434.14 488.10 Td (further ) Tj ET Q q 0 0 0 rg BT 463.64 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.71 488.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 496.00 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.74 488.10 Td (future ) Tj ET Q q 0 0 0 rg BT 538.91 488.10 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 80.61 476.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.28 476.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 137.27 476.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 166.16 476.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 205.60 476.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 237.27 476.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 272.83 476.10 Td (include ) Tj ET Q q 0 0 0 rg BT 303.94 476.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 346.71 476.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 386.15 476.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 417.25 476.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 440.31 476.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 473.63 476.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 514.18 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.29 476.10 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.27 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.05 464.10 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 143.33 464.10 Td (more ) Tj ET Q q 0 0 0 rg BT 165.99 464.10 Td (stringent ) Tj ET Q q 0 0 0 rg BT 203.10 464.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 256.88 464.10 Td (guidelines, ) Tj ET Q q 0 0 0 rg BT 302.60 464.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 344.13 464.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 380.14 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.04 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.37 464.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 447.03 464.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 486.91 464.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 519.29 464.10 Td (high ) Tj ET Q q 0 0 0 rg BT 539.19 464.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.89 452.10 Td (unemployment, ) Tj ET Q q 0 0 0 rg BT 126.44 452.10 Td (high ) Tj ET Q q 0 0 0 rg BT 147.28 452.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 173.67 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.06 452.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 227.00 452.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 249.78 452.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 275.61 452.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 317.55 452.10 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 366.97 452.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 402.24 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.08 452.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 428.36 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.86 452.10 Td (other ) Tj ET Q q 0 0 0 rg BT 469.47 452.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 513.62 452.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 550.29 452.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (number ) Tj ET Q q 0 0 0 rg BT 82.55 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.38 440.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 127.54 440.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 171.70 440.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 204.19 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.35 440.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 266.38 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.32 440.10 Td (other ) Tj ET Q q 0 0 0 rg BT 306.37 440.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 372.72 440.10 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.43 440.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 419.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 115.09 419.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.24 419.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 168.83 419.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.75 419.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 228.67 419.10 Td (by ) Tj ET Q q 0 0 0 rg BT 241.38 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.53 419.10 Td (number ) Tj ET Q q 0 0 0 rg BT 281.79 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.84 419.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 325.26 419.10 Td (including ) Tj ET Q q 0 0 0 rg BT 365.75 419.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 406.22 419.10 Td (policy) Tj ET Q q 0 0 0 rg BT 430.57 419.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.59 419.10 Td (The ) Tj ET Q q 0 0 0 rg BT 453.85 419.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 486.55 419.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 521.47 419.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 545.29 419.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 71.32 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.49 407.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 117.19 407.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 142.35 407.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 162.78 407.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.17 407.10 Td (would ) Tj ET Q q 0 0 0 rg BT 218.11 407.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 243.83 407.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 268.99 407.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 309.70 407.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 342.07 407.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 363.90 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.62 407.10 Td (rise. ) Tj ET Q q 0 0 0 rg BT 394.51 407.10 Td (Increases ) Tj ET Q q 0 0 0 rg BT 434.65 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.37 407.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 486.08 407.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 518.46 407.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 540.28 407.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 78.15 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.36 395.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 124.36 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.69 395.10 Td (new ) Tj ET Q q 0 0 0 rg BT 153.35 395.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 197.00 395.10 Td (originated, ) Tj ET Q q 0 0 0 rg BT 242.04 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.82 395.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 292.13 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.35 395.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 338.34 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.67 395.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 388.43 395.10 Td (refinancings. ) Tj ET Q q 0 0 0 rg BT 441.92 395.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 491.82 395.10 Td (, ) Tj ET Q q 0 0 0 rg BT 496.32 395.10 Td (because ) Tj ET Q q 0 0 0 rg BT 529.96 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.18 395.10 Td (ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.81 383.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 110.12 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.88 383.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 147.41 383.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 170.50 383.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 207.47 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 216.12 383.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 245.86 383.10 Td (with ) Tj ET Q q 0 0 0 rg BT 265.62 383.10 Td (refinancings ) Tj ET Q q 0 0 0 rg BT 317.02 383.10 Td (than ) Tj ET Q q 0 0 0 rg BT 336.22 383.10 Td (with ) Tj ET Q q 0 0 0 rg BT 355.98 383.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 393.50 383.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 419.09 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.52 383.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 466.93 383.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 503.33 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.09 383.10 Td (refinancings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.37 371.10 Td (result ) Tj ET Q q 0 0 0 rg BT 102.46 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.11 371.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 138.74 371.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 179.38 371.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 230.57 371.10 Td (per ) Tj ET Q q 0 0 0 rg BT 246.21 371.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 276.86 371.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 299.44 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.32 371.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 327.41 371.10 Td (we ) Tj ET Q q 0 0 0 rg BT 341.94 371.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 378.67 371.10 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.66 371.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 424.41 371.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 445.05 371.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.04 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.91 371.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 521.32 371.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 371.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (application ) Tj ET Q q 0 0 0 rg BT 96.70 359.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 131.95 359.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 175.26 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.36 359.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 221.33 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.32 359.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 256.30 359.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.74 359.10 Td (eventually ) Tj ET Q q 0 0 0 rg BT 310.16 359.10 Td (funded, ) Tj ET Q q 0 0 0 rg BT 343.19 359.10 Td (this ) Tj ET Q q 0 0 0 rg BT 360.41 359.10 Td (may ) Tj ET Q q 0 0 0 rg BT 380.39 359.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 417.59 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.14 359.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 472.56 359.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 502.54 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 518.63 359.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 347.10 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 327.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 327.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.89 327.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 127.29 327.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 162.92 327.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.22 327.10 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.98 327.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.29 327.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.62 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.93 327.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.02 327.10 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.35 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.66 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.30 327.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.94 327.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.79 327.10 Td (have ) Tj ET Q q 0 0 0 rg BT 376.97 327.10 Td (some ) Tj ET Q q 0 0 0 rg BT 400.39 327.10 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 443.81 327.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.90 327.10 Td (volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.90 327.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.54 327.10 Td (T) Tj ET Q q 0 0 0 rg BT 493.95 327.10 Td (o ) Tj ET Q q 0 0 0 rg BT 501.26 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.78 327.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 542.53 327.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.21 315.10 Td (an ) Tj ET Q q 0 0 0 rg BT 69.69 315.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 111.73 315.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 148.18 315.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.00 315.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 201.70 315.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 241.50 315.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 277.43 315.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.25 315.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.25 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.29 315.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 350.76 315.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.58 315.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.58 315.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.12 315.10 Td (we ) Tj ET Q q 0 0 0 rg BT 398.83 315.10 Td (would ) Tj ET Q q 0 0 0 rg BT 425.87 315.10 Td (need ) Tj ET Q q 0 0 0 rg BT 446.79 315.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.61 315.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 491.41 315.10 Td (our ) Tj ET Q q 0 0 0 rg BT 506.78 315.10 Td (user ) Tj ET Q q 0 0 0 rg BT 525.48 315.10 Td (base ) Tj ET Q q 0 0 0 rg BT 545.29 315.10 Td (and/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.22 303.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.94 303.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 109.98 303.10 Td (per ) Tj ET Q q 0 0 0 rg BT 125.13 303.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 144.74 303.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 186.56 303.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.95 303.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.67 303.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 257.61 303.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.78 303.10 Td (order ) Tj ET Q q 0 0 0 rg BT 291.27 303.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.43 303.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 338.81 303.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.53 303.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.90 303.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 447.14 303.10 Td (W) Tj ET Q q 0 0 0 rg BT 455.78 303.10 Td (e ) Tj ET Q q 0 0 0 rg BT 462.61 303.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 491.66 303.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 532.91 303.10 Td (we ) Tj ET Q q 0 0 0 rg BT 546.96 303.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 291.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 105.04 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.32 291.10 Td (these ) Tj ET Q q 0 0 0 rg BT 138.36 291.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.95 291.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 169.28 291.10 Td (which ) Tj ET Q q 0 0 0 rg BT 196.22 291.10 Td (could ) Tj ET Q q 0 0 0 rg BT 220.94 291.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 263.97 291.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 304.79 291.10 Td (af) Tj ET Q q 0 0 0 rg BT 312.38 291.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 329.86 291.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.69 291.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 279.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.07 279.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.17 279.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 156.94 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.62 279.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 206.28 279.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 252.05 279.10 Td (volume, ) Tj ET Q q 0 0 0 rg BT 286.44 279.10 Td (such ) Tj ET Q q 0 0 0 rg BT 306.67 279.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.90 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.01 279.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 375.12 279.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 395.34 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.02 279.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 444.68 279.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 476.57 279.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.46 279.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 530.33 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.01 279.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (could ) Tj ET Q q 0 0 0 rg BT 73.93 267.10 Td (also ) Tj ET Q q 0 0 0 rg BT 92.25 267.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 136.11 267.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.53 267.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.07 267.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 226.33 267.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 263.54 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.53 267.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.17 267.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 320.15 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.69 267.10 Td (their ) Tj ET Q q 0 0 0 rg BT 351.23 267.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 398.98 267.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 424.25 267.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 480.34 267.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.33 267.10 Td (other ) Tj ET Q q 0 0 0 rg BT 523.09 267.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 554.17 267.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (cessation ) Tj ET Q q 0 0 0 rg BT 88.66 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.49 255.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 146.14 255.10 Td (If ) Tj ET Q q 0 0 0 rg BT 155.30 255.10 Td (any ) Tj ET Q q 0 0 0 rg BT 172.24 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.07 255.10 Td (these ) Tj ET Q q 0 0 0 rg BT 206.12 255.10 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 237.21 255.10 Td (it ) Tj ET Q q 0 0 0 rg BT 245.27 255.10 Td (could ) Tj ET Q q 0 0 0 rg BT 269.99 255.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 313.03 255.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 353.84 255.10 Td (af) Tj ET Q q 0 0 0 rg BT 361.43 255.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 378.91 255.10 Td (our ) Tj ET Q q 0 0 0 rg BT 394.74 255.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 229.60 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 229.60 Td (e ) Tj ET Q q 0 0 0 rg BT 64.47 229.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 92.94 229.60 Td (a ) Tj ET Q q 0 0 0 rg BT 100.32 229.60 Td (number ) Tj ET Q q 0 0 0 rg BT 134.92 229.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.63 229.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 176.34 229.60 Td (to ) Tj ET Q q 0 0 0 rg BT 186.50 229.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 212.21 229.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.04 229.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 270.86 229.60 Td (results ) Tj ET Q q 0 0 0 rg BT 300.47 229.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.63 229.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 349.67 229.60 Td (on ) Tj ET Q q 0 0 0 rg BT 362.61 229.60 Td (a ) Tj ET Q q 0 0 0 rg BT 369.99 229.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 410.14 229.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.08 229.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 459.92 229.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 485.36 229.60 Td (which ) Tj ET Q q 0 0 0 rg BT 512.75 229.60 Td (may ) Tj ET Q q 0 0 0 rg BT 532.35 229.60 Td (make ) Tj ET Q q 0 0 0 rg BT 556.94 229.60 Td (it ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 217.60 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 217.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 84.59 217.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.87 217.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 125.70 217.60 Td (our ) Tj ET Q q 0 0 0 rg BT 142.65 217.60 Td (future ) Tj ET Q q 0 0 0 rg BT 170.71 217.60 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 196.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.33 196.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.15 196.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.87 196.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 185.91 196.60 Td (results ) Tj ET Q q 0 0 0 rg BT 214.30 196.60 Td (have ) Tj ET Q q 0 0 0 rg BT 235.46 196.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.52 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 196.60 Td (past ) Tj ET Q q 0 0 0 rg BT 278.40 196.60 Td (varied ) Tj ET Q q 0 0 0 rg BT 305.67 196.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.39 196.60 Td (could ) Tj ET Q q 0 0 0 rg BT 346.88 196.60 Td (in ) Tj ET Q q 0 0 0 rg BT 356.94 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.44 196.60 Td (future ) Tj ET Q q 0 0 0 rg BT 397.60 196.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 417.65 196.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 469.92 196.60 Td (from ) Tj ET Q q 0 0 0 rg BT 491.63 196.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 519.75 196.60 Td (-to-quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.68 184.60 Td (year) Tj ET Q q 0 0 0 rg BT 83.69 184.60 Td (-to-year ) Tj ET Q q 0 0 0 rg BT 118.08 184.60 Td (because ) Tj ET Q q 0 0 0 rg BT 152.47 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.54 184.60 Td (a ) Tj ET Q q 0 0 0 rg BT 170.73 184.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 201.23 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.31 184.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 244.76 184.60 Td (many ) Tj ET Q q 0 0 0 rg BT 269.72 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.79 184.60 Td (which ) Tj ET Q q 0 0 0 rg BT 307.98 184.60 Td (are ) Tj ET Q q 0 0 0 rg BT 322.93 184.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 354.56 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 365.63 184.60 Td (our ) Tj ET Q q 0 0 0 rg BT 381.71 184.60 Td (control. ) Tj ET Q q 0 0 0 rg BT 414.67 184.60 Td (As ) Tj ET Q q 0 0 0 rg BT 428.53 184.60 Td (a ) Tj ET Q q 0 0 0 rg BT 435.71 184.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 463.17 184.60 Td (comparing ) Tj ET Q q 0 0 0 rg BT 508.68 184.60 Td (our ) Tj ET Q q 0 0 0 rg BT 524.75 184.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.60 Td (results ) Tj ET Q q 0 0 0 rg BT 78.07 172.60 Td (on ) Tj ET Q q 0 0 0 rg BT 90.54 172.60 Td (a ) Tj ET Q q 0 0 0 rg BT 97.44 172.60 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 165.43 172.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 187.90 172.60 Td (may ) Tj ET Q q 0 0 0 rg BT 207.58 172.60 Td (not ) Tj ET Q q 0 0 0 rg BT 222.82 172.60 Td (be ) Tj ET Q q 0 0 0 rg BT 234.72 172.60 Td (indicative ) Tj ET Q q 0 0 0 rg BT 276.61 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.41 172.60 Td (future ) Tj ET Q q 0 0 0 rg BT 313.75 172.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 353.97 172.60 Td (results. ) Tj ET Q q 0 0 0 rg BT 385.04 172.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.51 172.60 Td (In ) Tj ET Q q 0 0 0 rg BT 398.30 172.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 433.54 172.60 Td (to ) Tj ET Q q 0 0 0 rg BT 443.78 172.60 Td (other ) Tj ET Q q 0 0 0 rg BT 466.79 172.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 484.25 172.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 513.92 172.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 554.72 172.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.60 Td (this ) Tj ET Q q 0 0 0 rg BT 66.45 160.60 Td (section, ) Tj ET Q q 0 0 0 rg BT 99.77 160.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 129.48 160.60 Td (that ) Tj ET Q q 0 0 0 rg BT 146.98 160.60 Td (may ) Tj ET Q q 0 0 0 rg BT 166.69 160.60 Td (contribute ) Tj ET Q q 0 0 0 rg BT 209.73 160.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.01 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.73 160.60 Td (variability ) Tj ET Q q 0 0 0 rg BT 278.33 160.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.16 160.60 Td (our ) Tj ET Q q 0 0 0 rg BT 304.99 160.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 343.58 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.52 160.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 389.68 160.60 Td (results ) Tj ET Q q 0 0 0 rg BT 418.28 160.60 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 143.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 143.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 143.60 Td (number ) Tj ET Q q 0 0 0 rg BT 153.31 143.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 143.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 212.19 143.60 Td (users;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 126.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 126.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 152.76 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.59 126.60 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 207.75 126.60 Td (originated ) Tj ET Q q 0 0 0 rg BT 250.79 126.60 Td (by ) Tj ET Q q 0 0 0 rg BT 263.29 126.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 311.34 126.60 Td (users, ) Tj ET Q q 0 0 0 rg BT 336.89 126.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 379.37 126.60 Td (users ) Tj ET Q q 0 0 0 rg BT 402.42 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 414.92 126.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.75 126.60 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 492.68 126.60 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.57 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 524.07 126.60 Td (model;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 109.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 109.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 151.92 109.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 184.42 109.60 Td (on ) Tj ET Q q 0 0 0 rg BT 196.92 109.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.63 109.60 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 233.02 109.60 Td (Mae ) Tj ET Q q 0 0 0 rg BT 253.28 109.60 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.27 109.60 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 92.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 92.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 155.26 92.60 Td (in ) Tj ET Q q 0 0 0 rg BT 165.54 92.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 205.80 92.60 Td (lending ) Tj ET Q q 0 0 0 rg BT 238.30 92.60 Td (volume;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 75.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 75.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 152.75 75.60 Td (mix ) Tj ET Q q 0 0 0 rg BT 170.80 75.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.63 75.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 219.67 75.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.61 75.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 276.30 75.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 308.80 75.60 Td (handled ) Tj ET Q q 0 0 0 rg BT 342.95 75.60 Td (by ) Tj ET Q q 0 0 0 rg BT 355.45 75.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 403.50 75.60 Td (users;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 58.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 58.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 58.60 Td (level ) Tj ET Q q 0 0 0 rg BT 142.20 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 153.03 58.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 187.19 58.60 Td (for ) Tj ET Q q 0 0 0 rg BT 201.35 58.60 Td (our ) Tj ET Q q 0 0 0 rg BT 217.18 58.60 Td (services;) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 740.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 148.88 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.71 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.43 740.10 Td (introduction ) Tj ET Q q 0 0 0 rg BT 225.81 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.75 740.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 289.09 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.93 740.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 321.31 740.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 341.58 740.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.57 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.07 740.10 Td (of) Tj ET Q q 0 0 0 rg BT 387.22 740.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 417.48 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.42 740.10 Td (new ) Tj ET Q q 0 0 0 rg BT 453.58 740.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 501.07 740.10 Td (services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 723.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 723.10 Td (any ) Tj ET Q q 0 0 0 rg BT 123.05 723.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 176.10 723.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.94 723.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.22 723.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.93 723.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.32 723.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.71 723.10 Td (property ) Tj ET Q q 0 0 0 rg BT 291.65 723.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.15 723.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 354.42 723.10 Td (or ) Tj ET Q q 0 0 0 rg BT 365.81 723.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 408.86 723.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 435.25 723.10 Td (as ) Tj ET Q q 0 0 0 rg BT 446.64 723.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.14 723.10 Td (result ) Tj ET Q q 0 0 0 rg BT 479.42 723.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.81 723.10 Td (our ) Tj ET Q q 0 0 0 rg BT 507.20 723.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 554.14 723.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 711.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 151.93 711.10 Td (activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 694.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 128.05 694.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 171.64 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.92 694.10 Td (defending ) Tj ET Q q 0 0 0 rg BT 234.41 694.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 281.33 694.10 Td (property ) Tj ET Q q 0 0 0 rg BT 317.71 694.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 371.86 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.80 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 411.84 694.10 Td (claims; ) Tj ET Q q 0 0 0 rg BT 443.23 694.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 677.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.26 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.54 677.10 Td (government ) Tj ET Q q 0 0 0 rg BT 200.80 677.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 243.84 677.10 Td (af) Tj ET Q q 0 0 0 rg BT 251.43 677.10 Td (fecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.69 677.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 303.07 677.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 323.34 677.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.33 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.83 677.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 409.98 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 420.81 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.64 677.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 656.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 92.41 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.44 656.10 Td (these ) Tj ET Q q 0 0 0 rg BT 125.23 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.92 656.10 Td (other ) Tj ET Q q 0 0 0 rg BT 164.71 656.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 196.67 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.25 656.10 Td (future ) Tj ET Q q 0 0 0 rg BT 238.37 656.10 Td (results ) Tj ET Q q 0 0 0 rg BT 266.73 656.10 Td (may ) Tj ET Q q 0 0 0 rg BT 286.20 656.10 Td (not ) Tj ET Q q 0 0 0 rg BT 301.22 656.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 325.12 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.69 656.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 373.49 656.10 Td (projections. ) Tj ET Q q 0 0 0 rg BT 422.67 656.10 Td (In ) Tj ET Q q 0 0 0 rg BT 433.25 656.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 470.77 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.35 656.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.36 656.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.72 656.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.81 644.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 107.69 644.10 Td (may ) Tj ET Q q 0 0 0 rg BT 127.34 644.10 Td (not ) Tj ET Q q 0 0 0 rg BT 142.56 644.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 164.43 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.08 644.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 231.50 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.26 644.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 280.81 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.58 644.10 Td (public ) Tj ET Q q 0 0 0 rg BT 319.01 644.10 Td (market ) Tj ET Q q 0 0 0 rg BT 349.21 644.10 Td (analysts ) Tj ET Q q 0 0 0 rg BT 383.86 644.10 Td (who ) Tj ET Q q 0 0 0 rg BT 403.52 644.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 432.06 644.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.83 644.10 Td (company) Tj ET Q q 0 0 0 rg BT 483.84 644.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.77 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 515.65 644.10 Td (could ) Tj ET Q q 0 0 0 rg BT 540.30 644.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 632.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 88.84 632.10 Td (price ) Tj ET Q q 0 0 0 rg BT 111.28 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.51 632.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 152.83 632.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 183.61 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.50 632.10 Td (significantly) Tj ET Q q 0 0 0 rg BT 249.84 632.10 Td (. ) Tj ET Q q 0 0 0 rg BT 254.61 632.10 Td (The ) Tj ET Q q 0 0 0 rg BT 272.61 632.10 Td (results ) Tj ET Q q 0 0 0 rg BT 301.17 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.95 632.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.84 632.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 350.73 632.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 389.27 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.06 632.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 429.16 632.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 461.05 632.10 Td (should ) Tj ET Q q 0 0 0 rg BT 490.17 632.10 Td (not ) Tj ET Q q 0 0 0 rg BT 505.40 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.29 632.10 Td (relied ) Tj ET Q q 0 0 0 rg BT 542.51 632.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 620.10 Td (indications ) Tj ET Q q 0 0 0 rg BT 106.71 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.54 620.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.37 620.10 Td (future ) Tj ET Q q 0 0 0 rg BT 159.75 620.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.01 620.10 Td (performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.34 599.10 Td (part ) Tj ET Q q 0 0 0 rg BT 93.07 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.46 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.97 599.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 142.03 599.10 Td (ef) Tj ET Q q 0 0 0 rg BT 149.62 599.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 170.57 599.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.96 599.10 Td (targeted ) Tj ET Q q 0 0 0 rg BT 221.34 599.10 Td (at ) Tj ET Q q 0 0 0 rg BT 231.18 599.10 Td (larger ) Tj ET Q q 0 0 0 rg BT 258.24 599.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 304.47 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.98 599.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 343.04 599.10 Td (cycle ) Tj ET Q q 0 0 0 rg BT 365.63 599.10 Td (may ) Tj ET Q q 0 0 0 rg BT 384.91 599.10 Td (become ) Tj ET Q q 0 0 0 rg BT 418.06 599.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 446.79 599.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.41 599.10 Td (more ) Tj ET Q q 0 0 0 rg BT 487.58 599.10 Td (expensive, ) Tj ET Q q 0 0 0 rg BT 532.13 599.10 Td (we ) Tj ET Q q 0 0 0 rg BT 545.29 599.10 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 93.50 587.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 125.28 587.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 162.61 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.50 587.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 247.28 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.17 587.10 Td (customization ) Tj ET Q q 0 0 0 rg BT 324.73 587.10 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 373.45 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.34 587.10 Td (we ) Tj ET Q q 0 0 0 rg BT 404.78 587.10 Td (may ) Tj ET Q q 0 0 0 rg BT 424.32 587.10 Td (have ) Tj ET Q q 0 0 0 rg BT 446.09 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.20 587.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 480.18 587.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 515.28 587.10 Td (recognition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.22 575.10 Td (some ) Tj ET Q q 0 0 0 rg BT 87.83 575.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 124.76 575.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 180.33 575.10 Td (all ) Tj ET Q q 0 0 0 rg BT 193.39 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.22 575.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.73 575.10 Td (could ) Tj ET Q q 0 0 0 rg BT 257.01 575.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 281.74 575.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.69 575.10 Td (business ) Tj ET Q q 0 0 0 rg BT 336.21 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.27 575.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 396.22 575.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 558.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 91.99 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.69 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 118.40 558.60 Td (business ) Tj ET Q q 0 0 0 rg BT 154.67 558.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 188.71 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.75 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.91 558.60 Td (tar) Tj ET Q q 0 0 0 rg BT 218.28 558.60 Td (get ) Tj ET Q q 0 0 0 rg BT 232.87 558.60 Td (lar) Tj ET Q q 0 0 0 rg BT 243.24 558.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 258.38 558.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 298.52 558.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 329.78 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 347.15 558.60 Td (handle ) Tj ET Q q 0 0 0 rg BT 376.19 558.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 406.32 558.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 442.58 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.29 558.60 Td (loans. ) Tj ET Q q 0 0 0 rg BT 478.75 558.60 Td (As ) Tj ET Q q 0 0 0 rg BT 492.24 558.60 Td (we ) Tj ET Q q 0 0 0 rg BT 506.28 558.60 Td (tar) Tj ET Q q 0 0 0 rg BT 516.65 558.60 Td (get ) Tj ET Q q 0 0 0 rg BT 531.24 558.60 Td (more ) Tj ET Q q 0 0 0 rg BT 554.17 558.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.09 546.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 86.79 546.60 Td (ef) Tj ET Q q 0 0 0 rg BT 94.38 546.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 114.97 546.60 Td (at ) Tj ET Q q 0 0 0 rg BT 124.45 546.60 Td (lar) Tj ET Q q 0 0 0 rg BT 134.81 546.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 149.84 546.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 195.15 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 209.07 546.60 Td (could ) Tj ET Q q 0 0 0 rg BT 233.55 546.60 Td (face ) Tj ET Q q 0 0 0 rg BT 252.45 546.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 282.47 546.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 307.23 546.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 335.04 546.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 356.74 546.60 Td (cycles ) Tj ET Q q 0 0 0 rg BT 383.98 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.68 546.60 Td (less ) Tj ET Q q 0 0 0 rg BT 417.94 546.60 Td (predictability ) Tj ET Q q 0 0 0 rg BT 473.52 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 483.56 546.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 530.81 546.60 Td (some ) Tj ET Q q 0 0 0 rg BT 554.18 546.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.40 534.60 Td (sales. ) Tj ET Q q 0 0 0 rg BT 89.90 534.60 Td (In ) Tj ET Q q 0 0 0 rg BT 100.80 534.60 Td (this ) Tj ET Q q 0 0 0 rg BT 117.81 534.60 Td (market, ) Tj ET Q q 0 0 0 rg BT 150.64 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.42 534.60 Td (customer) Tj ET Q q 0 0 0 rg BT 202.45 534.60 Td () Tj ET Q q 0 0 0 rg BT 205.23 534.60 Td (s ) Tj ET Q q 0 0 0 rg BT 211.69 534.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 247.58 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 257.92 534.60 Td (use ) Tj ET Q q 0 0 0 rg BT 273.82 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 289.71 534.60 Td (products ) Tj ET Q q 0 0 0 rg BT 326.72 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.72 534.60 Td (services ) Tj ET Q q 0 0 0 rg BT 378.49 534.60 Td (may ) Tj ET Q q 0 0 0 rg BT 398.28 534.60 Td (be ) Tj ET Q q 0 0 0 rg BT 410.28 534.60 Td (an ) Tj ET Q q 0 0 0 rg BT 422.29 534.60 Td (enterprise-wide ) Tj ET Q q 0 0 0 rg BT 487.04 534.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 522.94 534.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 542.44 534.60 Td (if ) Tj ET Q q 0 0 0 rg BT 551.11 534.60 Td (so, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (this ) Tj ET Q q 0 0 0 rg BT 66.05 522.60 Td (type ) Tj ET Q q 0 0 0 rg BT 85.37 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 95.80 522.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 113.45 522.60 Td (could ) Tj ET Q q 0 0 0 rg BT 137.77 522.60 Td (require ) Tj ET Q q 0 0 0 rg BT 168.19 522.60 Td (us ) Tj ET Q q 0 0 0 rg BT 179.18 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.06 522.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 221.71 522.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 251.57 522.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 276.99 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.42 522.60 Td (education ) Tj ET Q q 0 0 0 rg BT 328.40 522.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 368.82 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.14 522.60 Td (use ) Tj ET Q q 0 0 0 rg BT 398.57 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.11 522.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 448.87 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 474.73 522.60 Td (products ) Tj ET Q q 0 0 0 rg BT 511.27 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.81 522.60 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.08 510.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 97.61 510.60 Td (lar) Tj ET Q q 0 0 0 rg BT 107.97 510.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 123.00 510.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 165.79 510.60 Td (may ) Tj ET Q q 0 0 0 rg BT 185.26 510.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 219.17 510.60 Td (more ) Tj ET Q q 0 0 0 rg BT 241.97 510.60 Td (customization, ) Tj ET Q q 0 0 0 rg BT 302.82 510.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 367.84 510.60 Td (services ) Tj ET Q q 0 0 0 rg BT 402.30 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.99 510.60 Td (features. ) Tj ET Q q 0 0 0 rg BT 454.89 510.60 Td (As ) Tj ET Q q 0 0 0 rg BT 468.26 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 474.95 510.60 Td (result ) Tj ET Q q 0 0 0 rg BT 499.42 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.00 510.60 Td (these ) Tj ET Q q 0 0 0 rg BT 532.80 510.60 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (these ) Tj ET Q q 0 0 0 rg BT 71.78 498.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 92.96 498.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 147.47 498.60 Td (may ) Tj ET Q q 0 0 0 rg BT 166.42 498.60 Td (require ) Tj ET Q q 0 0 0 rg BT 196.48 498.60 Td (us ) Tj ET Q q 0 0 0 rg BT 207.11 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.62 498.60 Td (devote ) Tj ET Q q 0 0 0 rg BT 245.01 498.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 274.51 498.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 295.68 498.60 Td (support ) Tj ET Q q 0 0 0 rg BT 327.42 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.59 498.60 Td (professional ) Tj ET Q q 0 0 0 rg BT 394.21 498.60 Td (services ) Tj ET Q q 0 0 0 rg BT 428.15 498.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 467.65 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.17 498.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 519.45 498.60 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (driving ) Tj ET Q q 0 0 0 rg BT 80.85 486.60 Td (up ) Tj ET Q q 0 0 0 rg BT 93.31 486.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.78 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.68 486.60 Td (time ) Tj ET Q q 0 0 0 rg BT 152.92 486.60 Td (required ) Tj ET Q q 0 0 0 rg BT 188.69 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.94 486.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 238.05 486.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 259.95 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.85 486.60 Td (diverting ) Tj ET Q q 0 0 0 rg BT 315.42 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 331.21 486.60 Td (own ) Tj ET Q q 0 0 0 rg BT 350.90 486.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 372.80 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.70 486.60 Td (professional ) Tj ET Q q 0 0 0 rg BT 441.04 486.60 Td (services ) Tj ET Q q 0 0 0 rg BT 475.71 486.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 515.94 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.18 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 533.08 486.60 Td (smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (number ) Tj ET Q q 0 0 0 rg BT 82.56 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.41 474.60 Td (lar) Tj ET Q q 0 0 0 rg BT 103.78 474.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 119.06 474.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 171.84 474.60 Td (while ) Tj ET Q q 0 0 0 rg BT 196.57 474.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 241.86 474.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 281.03 474.60 Td (us ) Tj ET Q q 0 0 0 rg BT 292.44 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.73 474.60 Td (delayrevenue ) Tj ET Q q 0 0 0 rg BT 361.05 474.60 Td (recognition ) Tj ET Q q 0 0 0 rg BT 409.11 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 421.62 474.60 Td (some ) Tj ET Q q 0 0 0 rg BT 445.25 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.09 474.60 Td (these ) Tj ET Q q 0 0 0 rg BT 479.16 474.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 529.44 474.60 Td (until ) Tj ET Q q 0 0 0 rg BT 550.29 474.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.09 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 98.92 462.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 164.18 462.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 218.88 462.60 Td (have ) Tj ET Q q 0 0 0 rg BT 240.26 462.60 Td (been ) Tj ET Q q 0 0 0 rg BT 261.64 462.60 Td (met.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Supporting ) Tj ET Q q 0 0 0 rg BT 98.46 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.75 437.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 150.80 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.19 437.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 205.92 437.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 246.53 437.10 Td (base ) Tj ET Q q 0 0 0 rg BT 267.69 437.10 Td (could ) Tj ET Q q 0 0 0 rg BT 293.30 437.10 Td (strain ) Tj ET Q q 0 0 0 rg BT 320.03 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.31 437.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 380.70 437.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 425.48 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.87 437.10 Td (if ) Tj ET Q q 0 0 0 rg BT 452.81 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 466.74 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.90 437.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 514.07 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.68 437.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 548.06 437.10 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 95.34 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.40 425.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 150.34 425.10 Td (productivity) Tj ET Q q 0 0 0 rg BT 198.85 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 203.85 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 217.46 425.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.18 425.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.02 425.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.95 425.10 Td (able ) Tj ET Q q 0 0 0 rg BT 284.67 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.95 425.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 346.89 425.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 392.72 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.67 425.10 Td (business ) Tj ET Q q 0 0 0 rg BT 447.19 425.10 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 408.60 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 408.60 Td (e ) Tj ET Q q 0 0 0 rg BT 90.05 408.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 127.95 408.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.20 408.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 185.97 408.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 231.65 408.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 263.46 408.60 Td (in ) Tj ET Q q 0 0 0 rg BT 274.70 408.60 Td (our ) Tj ET Q q 0 0 0 rg BT 291.50 408.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 331.63 408.60 Td (base, ) Tj ET Q q 0 0 0 rg BT 355.37 408.60 Td (which ) Tj ET Q q 0 0 0 rg BT 383.28 408.60 Td (has ) Tj ET Q q 0 0 0 rg BT 400.08 408.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 429.64 408.60 Td (a ) Tj ET Q q 0 0 0 rg BT 437.55 408.60 Td (strain ) Tj ET Q q 0 0 0 rg BT 463.24 408.60 Td (on ) Tj ET Q q 0 0 0 rg BT 476.71 408.60 Td (our ) Tj ET Q q 0 0 0 rg BT 493.51 408.60 Td (management ) Tj ET Q q 0 0 0 rg BT 548.07 408.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.60 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 112.17 396.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 160.10 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 177.50 396.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.44 396.60 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 274.11 396.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 319.84 396.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 370.57 396.60 Td (in ) Tj ET Q q 0 0 0 rg BT 381.31 396.60 Td (our ) Tj ET Q q 0 0 0 rg BT 397.59 396.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 463.31 396.60 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 511.81 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 529.21 396.60 Td (research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.49 384.60 Td (development ) Tj ET Q q 0 0 0 rg BT 118.69 384.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.68 384.60 Td (general ) Tj ET Q q 0 0 0 rg BT 165.65 384.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.64 384.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 240.39 384.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 278.05 384.60 Td (will ) Tj ET Q q 0 0 0 rg BT 295.16 384.60 Td (be ) Tj ET Q q 0 0 0 rg BT 306.14 384.60 Td (required ) Tj ET Q q 0 0 0 rg BT 341.01 384.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.34 384.60 Td (scale ) Tj ET Q q 0 0 0 rg BT 371.87 384.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.75 384.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.96 384.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.94 384.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 480.25 384.60 Td (productivity) Tj ET Q q 0 0 0 rg BT 528.48 384.60 Td (, ) Tj ET Q q 0 0 0 rg BT 532.53 384.60 Td (address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.25 372.60 Td (needs ) Tj ET Q q 0 0 0 rg BT 87.55 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.41 372.60 Td (our ) Tj ET Q q 0 0 0 rg BT 112.27 372.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 156.85 372.60 Td (further ) Tj ET Q q 0 0 0 rg BT 185.59 372.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 218.78 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.75 372.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 269.04 372.60 Td (our ) Tj ET Q q 0 0 0 rg BT 283.90 372.60 Td (products ) Tj ET Q q 0 0 0 rg BT 319.87 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.84 372.60 Td (services ) Tj ET Q q 0 0 0 rg BT 369.58 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.55 372.60 Td (scale ) Tj ET Q q 0 0 0 rg BT 407.07 372.60 Td (with ) Tj ET Q q 0 0 0 rg BT 426.38 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.13 372.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 469.42 372.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 499.29 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.15 372.60 Td (our ) Tj ET Q q 0 0 0 rg BT 524.01 372.60 Td (company) Tj ET Q q 0 0 0 rg BT 560.02 372.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 356.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.92 356.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 123.28 356.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 175.24 356.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 213.03 356.10 Td (such ) Tj ET Q q 0 0 0 rg BT 234.45 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.86 356.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 311.71 356.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 349.51 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 364.80 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.32 356.10 Td (key ) Tj ET Q q 0 0 0 rg BT 389.85 356.10 Td (aspect ) Tj ET Q q 0 0 0 rg BT 417.92 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.33 356.10 Td (on-boarding ) Tj ET Q q 0 0 0 rg BT 481.30 356.10 Td (new ) Tj ET Q q 0 0 0 rg BT 501.04 356.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 546.95 356.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.92 344.10 Td (process ) Tj ET Q q 0 0 0 rg BT 147.58 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.91 344.10 Td (complicated ) Tj ET Q q 0 0 0 rg BT 208.44 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.54 344.10 Td (we ) Tj ET Q q 0 0 0 rg BT 239.86 344.10 Td (will ) Tj ET Q q 0 0 0 rg BT 258.07 344.10 Td (need ) Tj ET Q q 0 0 0 rg BT 279.61 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.05 344.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 312.70 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.69 344.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 376.89 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.33 344.10 Td (this ) Tj ET Q q 0 0 0 rg BT 404.44 344.10 Td (area ) Tj ET Q q 0 0 0 rg BT 423.74 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.18 344.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 456.28 344.10 Td (future ) Tj ET Q q 0 0 0 rg BT 482.82 344.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 517.12 344.10 Td (tar) Tj ET Q q 0 0 0 rg BT 527.49 344.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 548.76 344.10 Td (If ) Tj ET Q q 0 0 0 rg BT 558.08 344.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.11 332.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.74 332.10 Td (not ) Tj ET Q q 0 0 0 rg BT 111.48 332.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 146.77 332.10 Td (with ) Tj ET Q q 0 0 0 rg BT 166.50 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.68 332.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 210.41 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 332.10 Td (work ) Tj ET Q q 0 0 0 rg BT 243.21 332.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 286.82 332.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.78 332.10 Td (us ) Tj ET Q q 0 0 0 rg BT 309.63 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.92 332.10 Td (with ) Tj ET Q q 0 0 0 rg BT 339.66 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.83 332.10 Td (type ) Tj ET Q q 0 0 0 rg BT 373.01 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.30 332.10 Td (services ) Tj ET Q q 0 0 0 rg BT 417.47 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.76 332.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 465.83 332.10 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 507.49 332.10 Td (then ) Tj ET Q q 0 0 0 rg BT 526.67 332.10 Td (we ) Tj ET Q q 0 0 0 rg BT 540.29 332.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.45 320.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 114.85 320.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.26 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.44 320.10 Td (address ) Tj ET Q q 0 0 0 rg BT 179.84 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.46 320.10 Td (situation, ) Tj ET Q q 0 0 0 rg BT 233.81 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.43 320.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 298.61 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.34 320.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.75 320.10 Td (work ) Tj ET Q q 0 0 0 rg BT 349.70 320.10 Td (might ) Tj ET Q q 0 0 0 rg BT 375.44 320.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.29 320.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 427.74 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.58 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.21 320.10 Td (customer) Tj ET Q q 0 0 0 rg BT 496.23 320.10 Td () Tj ET Q q 0 0 0 rg BT 499.01 320.10 Td (s ) Tj ET Q q 0 0 0 rg BT 505.31 320.10 Td (dissatisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (with ) Tj ET Q q 0 0 0 rg BT 68.82 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.69 308.10 Td (products ) Tj ET Q q 0 0 0 rg BT 119.67 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.64 308.10 Td (services ) Tj ET Q q 0 0 0 rg BT 169.39 308.10 Td (could ) Tj ET Q q 0 0 0 rg BT 193.15 308.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 225.78 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.65 308.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 267.74 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.06 308.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 303.59 308.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 345.12 308.10 Td (work ) Tj ET Q q 0 0 0 rg BT 367.21 308.10 Td (from ) Tj ET Q q 0 0 0 rg BT 388.19 308.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.73 308.10 Td (customer) Tj ET Q q 0 0 0 rg BT 440.83 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 444.87 308.10 Td (In ) Tj ET Q q 0 0 0 rg BT 454.74 308.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 491.55 308.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 526.96 308.10 Td (publicity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.29 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.65 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.57 296.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 140.81 296.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 196.00 296.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 238.12 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.04 296.10 Td (its ) Tj ET Q q 0 0 0 rg BT 259.07 296.10 Td (accuracy) Tj ET Q q 0 0 0 rg BT 293.95 296.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.03 296.10 Td (may ) Tj ET Q q 0 0 0 rg BT 316.83 296.10 Td (further ) Tj ET Q q 0 0 0 rg BT 345.63 296.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 378.31 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.22 296.10 Td (business ) Tj ET Q q 0 0 0 rg BT 428.70 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 440.29 296.10 Td (af) Tj ET Q q 0 0 0 rg BT 447.87 296.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 477.22 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.14 296.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 519.28 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.64 296.10 Td (compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 284.10 Td (new ) Tj ET Q q 0 0 0 rg BT 82.82 284.10 Td (business ) Tj ET Q q 0 0 0 rg BT 119.21 284.10 Td (with ) Tj ET Q q 0 0 0 rg BT 139.49 284.10 Td (current ) Tj ET Q q 0 0 0 rg BT 170.31 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.24 284.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 235.84 284.10 Td (customers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.75 263.10 Td (business ) Tj ET Q q 0 0 0 rg BT 106.35 263.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 141.14 263.10 Td (will ) Tj ET Q q 0 0 0 rg BT 158.72 263.10 Td (place ) Tj ET Q q 0 0 0 rg BT 182.96 263.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 229.43 263.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 268.68 263.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.82 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.85 263.10 Td (management ) Tj ET Q q 0 0 0 rg BT 354.76 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.90 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.93 263.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 450.31 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.45 263.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.03 263.10 Td (require ) Tj ET Q q 0 0 0 rg BT 518.61 263.10 Td (significant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 104.78 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.84 251.10 Td (resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 234.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.94 234.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 126.48 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.69 234.60 Td (growing ) Tj ET Q q 0 0 0 rg BT 173.91 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.12 234.60 Td (business ) Tj ET Q q 0 0 0 rg BT 226.90 234.60 Td (has ) Tj ET Q q 0 0 0 rg BT 243.11 234.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 272.09 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.41 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 309.52 234.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 346.83 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 357.50 234.60 Td (place ) Tj ET Q q 0 0 0 rg BT 381.48 234.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 426.57 234.60 Td (demands ) Tj ET Q q 0 0 0 rg BT 465.00 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 477.89 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.10 234.60 Td (management ) Tj ET Q q 0 0 0 rg BT 548.08 234.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.61 222.60 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 128.09 222.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 175.85 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.07 222.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.82 222.60 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 289.35 222.60 Td (As ) Tj ET Q q 0 0 0 rg BT 303.24 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 319.35 222.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 363.78 222.60 Td (grow ) Tj ET Q q 0 0 0 rg BT 387.11 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.67 222.60 Td (size, ) Tj ET Q q 0 0 0 rg BT 418.49 222.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 444.04 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.25 222.60 Td (complexity) Tj ET Q q 0 0 0 rg BT 505.59 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 510.87 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 525.31 222.60 Td (will ) Tj ET Q q 0 0 0 rg BT 543.64 222.60 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.24 210.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 94.52 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.92 210.60 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 145.09 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 160.38 210.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 194.01 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.40 210.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 268.73 210.60 Td (including ) Tj ET Q q 0 0 0 rg BT 308.46 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.75 210.60 Td (data ) Tj ET Q q 0 0 0 rg BT 342.36 210.60 Td (centers ) Tj ET Q q 0 0 0 rg BT 372.64 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.04 210.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.98 210.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 464.59 210.60 Td (systems. ) Tj ET Q q 0 0 0 rg BT 500.58 210.60 Td (These ) Tj ET Q q 0 0 0 rg BT 526.41 210.60 Td (upgrades ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.75 198.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 124.78 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 138.80 198.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 179.49 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.08 198.60 Td (order ) Tj ET Q q 0 0 0 rg BT 211.99 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.59 198.60 Td (of) Tj ET Q q 0 0 0 rg BT 229.74 198.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 242.65 198.60 Td (an ) Tj ET Q q 0 0 0 rg BT 253.91 198.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 296.81 198.60 Td (number ) Tj ET Q q 0 0 0 rg BT 329.18 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 339.32 198.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 381.68 198.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 421.25 198.60 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 461.69 198.60 Td (features ) Tj ET Q q 0 0 0 rg BT 495.15 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.40 198.60 Td (functionality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 186.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 105.32 186.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 147.25 186.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 185.28 186.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 220.00 186.60 Td (over ) Tj ET Q q 0 0 0 rg BT 240.27 186.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.75 186.60 Td (reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 170.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.76 170.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 122.96 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.11 170.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 181.58 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.84 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.10 170.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 243.70 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.07 170.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 317.86 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.22 170.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 395.36 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.07 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.33 170.10 Td (products ) Tj ET Q q 0 0 0 rg BT 459.70 170.10 Td (will ) Tj ET Q q 0 0 0 rg BT 478.18 170.10 Td (require ) Tj ET Q q 0 0 0 rg BT 509.43 170.10 Td (us ) Tj ET Q q 0 0 0 rg BT 521.25 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.95 170.10 Td (commit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 95.04 158.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 135.29 158.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 183.04 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.25 158.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 239.10 158.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 279.63 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.18 158.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 325.70 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.80 158.10 Td (any ) Tj ET Q q 0 0 0 rg BT 354.01 158.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 400.64 158.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.17 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.71 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.70 158.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 494.46 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.56 158.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 544.72 158.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (no ) Tj ET Q q 0 0 0 rg BT 61.58 146.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 102.53 146.10 Td (that ) Tj ET Q q 0 0 0 rg BT 119.61 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 146.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 165.99 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.40 146.10 Td (business ) Tj ET Q q 0 0 0 rg BT 212.37 146.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.79 146.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.20 146.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 275.82 146.10 Td (will ) Tj ET Q q 0 0 0 rg BT 293.46 146.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 327.19 146.10 Td (increase. ) Tj ET Q q 0 0 0 rg BT 364.53 146.10 Td (For ) Tj ET Q q 0 0 0 rg BT 380.50 146.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 418.96 146.10 Td (during ) Tj ET Q q 0 0 0 rg BT 447.15 146.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 471.73 146.10 Td (we ) Tj ET Q q 0 0 0 rg BT 485.47 146.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 523.65 146.10 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.26 134.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.69 134.10 Td (will ) Tj ET Q q 0 0 0 rg BT 100.02 134.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 135.54 134.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.64 134.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 198.29 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.84 134.10 Td (research ) Tj ET Q q 0 0 0 rg BT 244.91 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.12 134.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 319.04 134.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 361.23 134.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 385.94 134.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 423.41 134.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 462.27 134.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 497.54 134.10 Td (security ) Tj ET Q q 0 0 0 rg BT 531.96 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 134.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.77 122.10 Td (center ) Tj ET Q q 0 0 0 rg BT 95.82 122.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 154.80 122.10 Td (including ) Tj ET Q q 0 0 0 rg BT 195.19 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.59 122.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 252.08 122.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.47 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.31 122.10 Td (development ) Tj ET Q q 0 0 0 rg BT 341.58 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.53 122.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.48 122.10 Td (next ) Tj ET Q q 0 0 0 rg BT 388.31 122.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 433.13 122.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 481.30 122.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 520.85 122.10 Td (Continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.75 110.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.89 110.10 Td (also ) Tj ET Q q 0 0 0 rg BT 124.92 110.10 Td (strain ) Tj ET Q q 0 0 0 rg BT 150.06 110.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.31 110.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 194.79 110.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.49 110.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 243.40 110.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 276.30 110.10 Td (service ) Tj ET Q q 0 0 0 rg BT 307.54 110.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 333.79 110.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.37 110.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.62 110.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 410.59 110.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 445.17 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.53 110.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 498.78 110.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.03 110.10 Td (operational, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.87 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.70 98.10 Td (management ) Tj ET Q q 0 0 0 rg BT 160.19 98.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 198.29 98.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 234.44 98.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.16 98.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 291.21 98.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 326.27 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.11 98.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 391.37 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.20 98.10 Td (recruit, ) Tj ET Q q 0 0 0 rg BT 441.18 98.10 Td (train ) Tj ET Q q 0 0 0 rg BT 462.90 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.73 98.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 506.89 98.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 535.84 98.10 Td (skilled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (personnel.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 116.15 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.58 740.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 162.01 740.10 Td (will ) Tj ET Q q 0 0 0 rg BT 179.67 740.10 Td (require ) Tj ET Q q 0 0 0 rg BT 210.09 740.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 254.40 740.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 307.60 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.14 740.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 365.67 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.10 740.10 Td (valuable ) Tj ET Q q 0 0 0 rg BT 412.08 740.10 Td (management ) Tj ET Q q 0 0 0 rg BT 465.27 740.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 507.48 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 516.11 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 522.65 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 740.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 102.53 728.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 129.47 728.10 Td (talent ) Tj ET Q q 0 0 0 rg BT 154.72 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.55 728.10 Td (all ) Tj ET Q q 0 0 0 rg BT 178.59 728.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 202.18 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.55 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.93 728.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 269.37 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 296.85 728.10 Td (has ) Tj ET Q q 0 0 0 rg BT 313.23 728.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 366.27 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 407.07 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.45 728.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 465.09 728.10 Td (If ) Tj ET Q q 0 0 0 rg BT 474.80 728.10 Td (we ) Tj ET Q q 0 0 0 rg BT 489.50 728.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 505.88 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.70 728.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 550.28 728.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 90.12 716.10 Td (level ) Tj ET Q q 0 0 0 rg BT 111.31 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.40 716.10 Td (ef) Tj ET Q q 0 0 0 rg BT 128.99 716.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 162.95 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.48 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 187.57 716.10 Td (or) Tj ET Q q 0 0 0 rg BT 195.72 716.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 239.13 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.21 716.10 Td (it ) Tj ET Q q 0 0 0 rg BT 256.53 716.10 Td (grows, ) Tj ET Q q 0 0 0 rg BT 285.23 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.31 716.10 Td (business ) Tj ET Q q 0 0 0 rg BT 335.96 716.10 Td (would ) Tj ET Q q 0 0 0 rg BT 362.72 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.92 716.10 Td (harmed. ) Tj ET Q q 0 0 0 rg BT 408.03 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 416.67 716.10 Td (e ) Tj ET Q q 0 0 0 rg BT 422.86 716.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 472.38 716.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 506.34 716.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 533.65 716.10 Td (replace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (various ) Tj ET Q q 0 0 0 rg BT 81.60 704.10 Td (software ) Tj ET Q q 0 0 0 rg BT 118.69 704.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 153.02 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.46 704.10 Td (support ) Tj ET Q q 0 0 0 rg BT 196.12 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.11 704.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 245.60 704.10 Td (including ) Tj ET Q q 0 0 0 rg BT 286.03 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.02 704.10 Td (new ) Tj ET Q q 0 0 0 rg BT 321.34 704.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 363.42 704.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 399.95 704.10 Td (planning, ) Tj ET Q q 0 0 0 rg BT 440.11 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.10 704.10 Td (ERP) Tj ET Q q 0 0 0 rg BT 468.33 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 473.49 704.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 506.43 704.10 Td (Unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 89.11 692.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 131.50 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.11 692.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 211.27 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.99 692.10 Td (these ) Tj ET Q q 0 0 0 rg BT 244.93 692.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 279.00 692.10 Td (could ) Tj ET Q q 0 0 0 rg BT 303.61 692.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 356.00 692.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 391.15 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.76 692.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 459.25 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.08 692.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 516.23 692.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 554.72 692.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 74.25 680.10 Td (divert ) Tj ET Q q 0 0 0 rg BT 99.83 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.30 680.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 151.55 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.14 680.10 Td (management ) Tj ET Q q 0 0 0 rg BT 215.48 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.18 680.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 254.98 680.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.56 680.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 309.21 680.10 Td (If ) Tj ET Q q 0 0 0 rg BT 318.13 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.60 680.10 Td (implementations ) Tj ET Q q 0 0 0 rg BT 401.51 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.10 680.10 Td (new ) Tj ET Q q 0 0 0 rg BT 431.01 680.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 481.59 680.10 Td (are ) Tj ET Q q 0 0 0 rg BT 496.05 680.10 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 531.90 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.49 680.10 Td (if ) Tj ET Q q 0 0 0 rg BT 550.85 680.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 90.29 668.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 135.52 668.10 Td (problem ) Tj ET Q q 0 0 0 rg BT 170.20 668.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.34 668.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.04 668.10 Td (new ) Tj ET Q q 0 0 0 rg BT 222.06 668.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 255.09 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.78 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.92 668.10 Td (migrating ) Tj ET Q q 0 0 0 rg BT 314.17 668.10 Td (away ) Tj ET Q q 0 0 0 rg BT 336.63 668.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.43 668.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.12 668.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 405.15 668.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 454.83 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.63 668.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 506.17 668.10 Td (our ) Tj ET Q q 0 0 0 rg BT 520.86 668.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 656.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 110.32 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.60 656.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 154.19 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.02 656.10 Td (business ) Tj ET Q q 0 0 0 rg BT 206.41 656.10 Td (could ) Tj ET Q q 0 0 0 rg BT 231.13 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.07 656.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 287.22 656.10 Td (impacted.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (Integrating ) Tj ET Q q 0 0 0 rg BT 99.40 635.10 Td (future ) Tj ET Q q 0 0 0 rg BT 128.18 635.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 180.85 635.10 Td (could ) Tj ET Q q 0 0 0 rg BT 206.85 635.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 238.97 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.64 635.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 297.37 635.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 322.82 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.49 635.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.94 635.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 423.05 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.83 635.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 484.50 635.10 Td (results ) Tj ET Q q 0 0 0 rg BT 514.94 635.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.05 635.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 553.61 635.10 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.32 623.10 Td (af) Tj ET Q q 0 0 0 rg BT 98.46 623.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.95 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.23 623.10 Td (price ) Tj ET Q q 0 0 0 rg BT 154.28 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.11 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.06 623.10 Td (common ) Tj ET Q q 0 0 0 rg BT 220.12 623.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 602.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.49 602.10 Td (success ) Tj ET Q q 0 0 0 rg BT 123.91 602.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.90 602.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 173.21 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.42 602.10 Td (part ) Tj ET Q q 0 0 0 rg BT 201.41 602.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.84 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.60 602.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 257.59 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.80 602.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 299.11 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.88 602.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 353.43 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.30 602.10 Td (services ) Tj ET Q q 0 0 0 rg BT 404.94 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.82 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.03 602.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 455.01 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.78 602.10 Td (business ) Tj ET Q q 0 0 0 rg BT 507.10 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.32 602.10 Td (response ) Tj ET Q q 0 0 0 rg BT 554.74 602.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 88.42 590.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 143.73 590.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 182.65 590.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 220.46 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.17 590.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 286.64 590.10 Td (pressures. ) Tj ET Q q 0 0 0 rg BT 328.62 590.10 Td (In ) Tj ET Q q 0 0 0 rg BT 339.21 590.10 Td (some ) Tj ET Q q 0 0 0 rg BT 362.59 590.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 423.99 590.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.92 590.10 Td (may ) Tj ET Q q 0 0 0 rg BT 457.40 590.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 486.33 590.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 516.92 590.10 Td (through ) Tj ET Q q 0 0 0 rg BT 550.30 590.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.56 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.07 578.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 173.45 578.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 221.35 578.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 260.64 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.15 578.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 325.87 578.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 352.37 578.10 Td (than ) Tj ET Q q 0 0 0 rg BT 372.76 578.10 Td (through ) Tj ET Q q 0 0 0 rg BT 407.05 578.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 440.77 578.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 498.10 578.10 Td (For ) Tj ET Q q 0 0 0 rg BT 515.17 578.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 554.72 578.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (October ) Tj ET Q q 0 0 0 rg BT 84.26 566.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 94.32 566.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 119.38 566.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.60 566.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 170.58 566.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 223.69 566.10 Td (all ) Tj ET Q q 0 0 0 rg BT 236.24 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.02 566.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 276.90 566.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.23 566.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.79 566.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 329.23 566.10 Td (Resource ) Tj ET Q q 0 0 0 rg BT 368.99 566.10 Td (Center) Tj ET Q q 0 0 0 rg BT 395.25 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 400.30 566.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 420.63 566.10 Td (dba) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.07 566.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.06 566.10 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.84 566.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.90 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.89 566.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 518.33 566.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.66 566.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.21 566.10 Td (research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 554.10 Td (reference, ) Tj ET Q q 0 0 0 rg BT 109.04 554.10 Td (education, ) Tj ET Q q 0 0 0 rg BT 153.12 554.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 215.26 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.41 554.10 Td (data ) Tj ET Q q 0 0 0 rg BT 251.77 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.92 554.10 Td (analytics ) Tj ET Q q 0 0 0 rg BT 307.17 554.10 Td (products ) Tj ET Q q 0 0 0 rg BT 344.32 554.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 377.57 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.05 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.98 554.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 443.45 554.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.58 554.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.79 554.10 Td (In ) Tj ET Q q 0 0 0 rg BT 491.83 554.10 Td (January ) Tj ET Q q 0 0 0 rg BT 525.64 554.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 550.85 554.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 87.29 542.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 141.21 542.10 Td (all ) Tj ET Q q 0 0 0 rg BT 154.58 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.16 542.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 196.86 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.81 542.10 Td (ARG ) Tj ET Q q 0 0 0 rg BT 232.29 542.10 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 280.91 542.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 303.17 542.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 324.30 542.10 Td (MortgageCEO\), ) Tj ET Q q 0 0 0 rg BT 392.38 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.19 542.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 423.55 542.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.58 542.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 514.70 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.85 542.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 99.21 530.10 Td (management ) Tj ET Q q 0 0 0 rg BT 152.80 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.74 530.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 212.78 530.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 251.40 530.10 Td (for ) Tj ET Q q 0 0 0 rg BT 265.56 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.28 530.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 324.43 530.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 364.69 530.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.82 530.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.36 509.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 146.99 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.63 509.10 Td (suitable ) Tj ET Q q 0 0 0 rg BT 191.05 509.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 237.25 509.10 Td (candidates ) Tj ET Q q 0 0 0 rg BT 281.76 509.10 Td (can ) Tj ET Q q 0 0 0 rg BT 297.95 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 309.70 509.10 Td (dif) Tj ET Q q 0 0 0 rg BT 320.63 509.10 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 346.55 509.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 413.85 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.60 509.10 Td (costly) Tj ET Q q 0 0 0 rg BT 453.84 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 458.65 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.41 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 489.38 509.10 Td (may ) Tj ET Q q 0 0 0 rg BT 508.91 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 524.00 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.75 509.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.72 509.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 88.60 497.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 138.83 497.10 Td (successfully) Tj ET Q q 0 0 0 rg BT 187.06 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.01 497.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 231.04 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.99 497.10 Td (if ) Tj ET Q q 0 0 0 rg BT 244.55 497.10 Td (such ) Tj ET Q q 0 0 0 rg BT 265.33 497.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 315.56 497.10 Td (require ) Tj ET Q q 0 0 0 rg BT 346.33 497.10 Td (us ) Tj ET Q q 0 0 0 rg BT 357.67 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.90 497.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 388.12 497.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 430.57 497.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 450.24 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.02 497.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 488.47 497.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 531.18 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 545.30 497.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.45 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 76.05 485.10 Td (able ) Tj ET Q q 0 0 0 rg BT 94.88 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.82 485.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 131.99 485.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.48 485.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 192.42 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.58 485.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 228.97 485.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 268.89 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.84 485.10 Td (us ) Tj ET Q q 0 0 0 rg BT 289.90 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 300.39 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 309.78 485.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 323.96 485.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 376.69 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.29 485.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 443.24 485.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 475.40 485.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 517.00 485.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 538.06 485.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 90.59 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.53 473.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 133.90 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.62 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.12 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.95 473.10 Td (results ) Tj ET Q q 0 0 0 rg BT 220.55 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.38 473.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 278.04 473.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 117.53 452.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 127.25 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.08 452.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 175.00 452.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.83 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 211.66 452.10 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 431.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 431.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 122.99 431.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.47 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.41 431.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.67 431.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 224.06 431.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 267.66 431.10 Td (with ) Tj ET Q q 0 0 0 rg BT 287.94 431.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 324.86 431.10 Td (customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 410.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 410.10 Td (unknown ) Tj ET Q q 0 0 0 rg BT 125.22 410.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 164.94 410.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 208.53 410.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.81 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.53 410.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 280.45 410.10 Td (businesses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 389.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 141.87 389.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 180.47 389.10 Td (related ) Tj ET Q q 0 0 0 rg BT 210.17 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.45 389.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 257.37 389.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 304.30 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.24 389.10 Td (its ) Tj ET Q q 0 0 0 rg BT 333.19 389.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 379.01 389.10 Td (into ) Tj ET Q q 0 0 0 rg BT 397.07 389.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 431.23 389.10 Td (technology;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 130.78 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.06 368.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.89 368.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.94 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.22 368.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 236.58 368.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 270.72 368.10 Td (from ) Tj ET Q q 0 0 0 rg BT 292.66 368.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 329.59 368.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 365.39 368.10 Td (revenue;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 347.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 347.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 137.44 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.39 347.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 207.44 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.29 347.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 254.69 347.10 Td (related ) Tj ET Q q 0 0 0 rg BT 284.41 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.70 347.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 331.64 347.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 374.15 347.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 402.50 347.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 425.56 347.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 451.41 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.36 347.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 504.18 347.10 Td (compensation; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 335.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 314.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 314.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.54 314.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 133.25 314.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 190.73 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.56 314.10 Td (any ) Tj ET Q q 0 0 0 rg BT 218.50 314.10 Td (such ) Tj ET Q q 0 0 0 rg BT 239.33 314.10 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 293.10 Td (For ) Tj ET Q q 0 0 0 rg BT 90.43 293.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 129.83 293.10 Td (during ) Tj ET Q q 0 0 0 rg BT 158.97 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.22 293.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 201.70 293.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 233.04 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.41 293.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 269.94 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 284.64 293.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 322.65 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 330.12 293.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 369.25 293.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 418.38 293.10 Td (char) Tj ET Q q 0 0 0 rg BT 435.41 293.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 447.88 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.69 293.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 501.72 293.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 528.08 293.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 281.10 Td (MortgageCEO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 260.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 97.11 260.10 Td (if ) Tj ET Q q 0 0 0 rg BT 106.29 260.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.01 260.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 172.96 260.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 212.67 260.10 Td (an ) Tj ET Q q 0 0 0 rg BT 225.18 260.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 274.63 260.10 Td (we ) Tj ET Q q 0 0 0 rg BT 289.35 260.10 Td (may ) Tj ET Q q 0 0 0 rg BT 309.64 260.10 Td (not ) Tj ET Q q 0 0 0 rg BT 325.48 260.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.99 260.10 Td (able ) Tj ET Q q 0 0 0 rg BT 357.71 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.55 260.10 Td (assimilate ) Tj ET Q q 0 0 0 rg BT 411.61 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.12 260.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 467.16 260.10 Td (ef) Tj ET Q q 0 0 0 rg BT 474.75 260.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 512.80 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.08 260.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 88.05 248.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 143.25 248.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 184.03 248.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 212.01 248.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 253.05 248.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.54 248.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 309.85 248.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 358.10 248.10 Td (if ) Tj ET Q q 0 0 0 rg BT 366.37 248.10 Td (key ) Tj ET Q q 0 0 0 rg BT 382.96 248.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 424.00 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.49 248.10 Td (an ) Tj ET Q q 0 0 0 rg BT 446.08 248.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 482.66 248.10 Td (company ) Tj ET Q q 0 0 0 rg BT 521.48 248.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 549.73 248.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.00 236.10 Td (work ) Tj ET Q q 0 0 0 rg BT 83.28 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.67 236.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 111.59 236.10 Td (W) Tj ET Q q 0 0 0 rg BT 120.23 236.10 Td (e ) Tj ET Q q 0 0 0 rg BT 127.39 236.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.33 236.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 189.48 236.10 Td (dif) Tj ET Q q 0 0 0 rg BT 200.41 236.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 229.24 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.75 236.10 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 296.34 236.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 333.49 236.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 386.76 236.10 Td (into ) Tj ET Q q 0 0 0 rg BT 405.04 236.10 Td (our ) Tj ET Q q 0 0 0 rg BT 421.10 236.10 Td (service ) Tj ET Q q 0 0 0 rg BT 452.14 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.31 236.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 519.80 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 236.10 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.37 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 108.47 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 123.78 224.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 166.87 224.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.75 224.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.19 224.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 230.06 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.60 224.10 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 293.74 224.10 Td (In ) Tj ET Q q 0 0 0 rg BT 305.17 224.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 343.55 224.10 Td (we ) Tj ET Q q 0 0 0 rg BT 358.31 224.10 Td (may ) Tj ET Q q 0 0 0 rg BT 378.63 224.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 401.73 224.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 422.05 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.48 224.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 461.58 224.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 502.45 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.33 224.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 553.08 224.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 98.38 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 125.32 212.10 Td (could ) Tj ET Q q 0 0 0 rg BT 150.04 212.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 175.31 212.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.14 212.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 244.28 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.78 212.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 290.94 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.87 212.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 348.69 212.10 Td (af) Tj ET Q q 0 0 0 rg BT 356.28 212.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.76 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.48 212.10 Td (price ) Tj ET Q q 0 0 0 rg BT 410.96 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.79 212.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.63 212.10 Td (common ) Tj ET Q q 0 0 0 rg BT 475.12 212.10 Td (stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (Events ) Tj ET Q q 0 0 0 rg BT 80.25 191.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 112.13 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.88 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.63 191.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 174.37 191.10 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 207.91 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.23 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.98 191.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 281.29 191.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 323.15 191.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 360.03 191.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.12 191.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 418.76 191.10 Td (from ) Tj ET Q q 0 0 0 rg BT 441.73 191.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 464.71 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.46 191.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 498.44 191.10 Td (could ) Tj ET Q q 0 0 0 rg BT 524.19 191.10 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.65 179.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.13 179.10 Td (our ) Tj ET Q q 0 0 0 rg BT 92.09 179.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 158.10 Td (From ) Tj ET Q q 0 0 0 rg BT 97.45 158.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 119.73 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.79 158.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 154.57 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.06 158.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 214.11 158.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 239.15 158.10 Td (market ) Tj ET Q q 0 0 0 rg BT 269.20 158.10 Td (was ) Tj ET Q q 0 0 0 rg BT 287.03 158.10 Td (severely ) Tj ET Q q 0 0 0 rg BT 322.62 158.10 Td (disrupted ) Tj ET Q q 0 0 0 rg BT 362.12 158.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.40 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.89 158.10 Td (global ) Tj ET Q q 0 0 0 rg BT 416.17 158.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.43 158.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 476.81 158.10 Td (due ) Tj ET Q q 0 0 0 rg BT 493.53 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.59 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 158.10 Td (precipitous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 67.54 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.47 146.10 Td (sub-prime ) Tj ET Q q 0 0 0 rg BT 123.61 146.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 164.97 146.10 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 223.55 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.59 146.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 280.18 146.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 309.88 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.80 146.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 363.17 146.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 395.08 146.10 Td (by ) Tj ET Q q 0 0 0 rg BT 408.68 146.10 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 456.43 146.10 Td (including ) Tj ET Q q 0 0 0 rg BT 497.81 146.10 Td (these ) Tj ET Q q 0 0 0 rg BT 521.95 146.10 Td (sub-prime ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (mortgages. ) Tj ET Q q 0 0 0 rg BT 95.70 134.10 Td (This ) Tj ET Q q 0 0 0 rg BT 115.68 134.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 138.99 134.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 172.85 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.83 134.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 217.24 134.10 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 248.89 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.87 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.29 134.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 317.14 134.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 357.11 134.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 392.09 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.73 134.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 438.15 134.10 Td (many ) Tj ET Q q 0 0 0 rg BT 462.57 134.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 502.53 134.10 Td (originators) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 545.86 134.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 548.06 134.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.31 122.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 112.33 122.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 147.36 122.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 196.27 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.31 122.10 Td (go ) Tj ET Q q 0 0 0 rg BT 218.57 122.10 Td (out ) Tj ET Q q 0 0 0 rg BT 233.60 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.19 122.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 282.84 122.10 Td (If ) Tj ET Q q 0 0 0 rg BT 291.76 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.24 122.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 350.14 122.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 390.17 122.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 425.20 122.10 Td (were ) Tj ET Q q 0 0 0 rg BT 446.89 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.93 122.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 502.49 122.10 Td (another ) Tj ET Q q 0 0 0 rg BT 534.73 122.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 92.00 110.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 118.65 110.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.48 110.10 Td (business ) Tj ET Q q 0 0 0 rg BT 170.87 110.10 Td (could ) Tj ET Q q 0 0 0 rg BT 195.59 110.10 Td (be ) Tj ET Q q 0 0 0 rg BT 207.53 110.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 250.56 110.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 291.38 110.10 Td (af) Tj ET Q q 0 0 0 rg BT 298.97 110.10 Td (fected.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.43 740.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 114.60 740.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 156.31 740.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.04 740.25 Td (is ) Tj ET Q q 0 0 0 rg BT 202.53 740.25 Td (heavily ) Tj ET Q q 0 0 0 rg BT 234.79 740.25 Td (regulated ) Tj ET Q q 0 0 0 rg BT 276.50 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.89 740.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 331.61 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.78 740.25 Td (current ) Tj ET Q q 0 0 0 rg BT 376.16 740.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 421.77 740.25 Td (or ) Tj ET Q q 0 0 0 rg BT 433.49 740.25 Td (new ) Tj ET Q q 0 0 0 rg BT 452.99 740.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 498.60 740.25 Td (could ) Tj ET Q q 0 0 0 rg BT 524.20 740.25 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.65 728.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.13 728.25 Td (our ) Tj ET Q q 0 0 0 rg BT 92.09 728.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 707.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 91.50 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.78 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.50 707.25 Td (r) Tj ET Q q 0 0 0 rg BT 120.02 707.25 Td (egulations ) Tj ET Q q 0 0 0 rg BT 164.18 707.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.24 707.25 Td (govern ) Tj ET Q q 0 0 0 rg BT 212.51 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 228.90 707.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 271.95 707.25 Td (could ) Tj ET Q q 0 0 0 rg BT 296.67 707.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 337.48 707.25 Td (affect ) Tj ET Q q 0 0 0 rg BT 362.19 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.58 707.25 Td (business.) 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0 rg BT 84.80 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.68 548.25 Td (make ) Tj ET Q q 0 0 0 rg BT 118.43 548.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 148.30 548.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 180.95 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.83 548.25 Td (Encompass, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.97 548.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 288.62 548.25 Td (Product ) Tj ET Q q 0 0 0 rg BT 321.83 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.37 548.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 369.35 548.25 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.34 548.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.94 548.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 451.58 548.25 Td (Docs ) Tj ET Q q 0 0 0 rg BT 474.24 548.25 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.13 548.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.58 548.25 Td (TQL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 548.25 Td ( ) Tj ET Q q 0 0 0 rg BT 533.75 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 548.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 69.75 536.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 88.89 536.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.88 536.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.25 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.40 536.25 Td (address, ) Tj ET Q q 0 0 0 rg BT 168.26 536.25 Td (among ) Tj ET Q q 0 0 0 rg BT 196.84 536.25 Td (other ) Tj ET Q q 0 0 0 rg BT 218.76 536.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 247.08 536.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 292.88 536.25 Td (that ) Tj ET Q q 0 0 0 rg BT 309.25 536.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 338.38 536.25 Td (consumers ) Tj ET Q q 0 0 0 rg BT 382.52 536.25 Td (against ) Tj ET Q q 0 0 0 rg BT 412.21 536.25 Td (unfair) Tj ET Q q 0 0 0 rg BT 435.69 536.25 Td (, ) Tj ET Q q 0 0 0 rg BT 439.56 536.25 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 479.24 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.05 536.25 Td 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535.55 524.25 Td (A) Tj ET Q q 0 0 0 rg BT 541.66 524.25 Td (TR, ) Tj ET Q q 0 0 0 rg BT 559.72 524.25 Td (/ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 89.56 512.25 Td (Mortgage, ) Tj ET Q q 0 0 0 rg BT 133.24 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 143.87 512.25 Td (QM, ) Tj ET Q q 0 0 0 rg BT 164.79 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.53 512.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 213.82 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 230.56 512.25 Td (State ) Tj ET Q q 0 0 0 rg BT 252.85 512.25 Td (High ) Tj ET Q q 0 0 0 rg BT 275.15 512.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 295.79 512.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 317.53 512.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.83 512.25 Td (became ) Tj ET Q q 0 0 0 rg BT 367.66 512.25 Td (ef) Tj ET Q q 0 0 0 rg BT 375.25 512.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 404.75 512.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.83 512.25 Td (January ) Tj ET Q q 0 0 0 rg BT 448.23 512.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.23 512.25 Td (. ) Tj ET Q q 0 0 0 rg BT 473.04 512.25 Td (In ) Tj ET Q q 0 0 0 rg BT 483.67 512.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.24 512.25 Td (we ) Tj ET Q q 0 0 0 rg BT 535.20 512.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 512.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (updating ) Tj ET Q q 0 0 0 rg BT 87.28 500.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 117.26 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.37 500.25 Td (our ) Tj ET Q q 0 0 0 rg BT 144.48 500.25 Td (products ) Tj ET Q q 0 0 0 rg BT 181.70 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.26 500.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 225.03 500.25 Td (with ) Tj ET Q q 0 0 0 rg BT 245.59 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.39 500.25 Td (TILA-RESP) Tj ET Q q 0 0 0 rg BT 309.47 500.25 Td (A) Tj ET Q q 0 0 0 rg BT 316.14 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.92 500.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 362.24 500.25 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 407.79 500.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 426.11 500.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 461.10 500.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.88 500.25 Td (take ) Tj ET Q q 0 0 0 rg BT 498.31 500.25 Td (ef) Tj ET Q q 0 0 0 rg BT 505.90 500.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 523.67 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 533.61 500.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 488.25 Td (. ) Tj ET Q q 0 0 0 rg BT 74.50 488.25 Td (These ) Tj ET Q q 0 0 0 rg BT 101.06 488.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 140.42 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.55 488.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 190.79 488.25 Td (have ) Tj ET Q q 0 0 0 rg BT 212.35 488.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 242.25 488.25 Td (us ) Tj ET Q q 0 0 0 rg BT 253.83 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.30 488.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 287.54 488.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 332.44 488.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 369.84 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.97 488.25 Td (future ) Tj ET Q q 0 0 0 rg BT 413.53 488.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 446.77 488.25 Td (will ) Tj ET Q q 0 0 0 rg BT 465.02 488.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 490.48 488.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 528.72 488.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 553.62 488.25 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.14 476.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 83.56 476.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 128.64 476.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 166.21 476.25 Td (In ) Tj ET Q q 0 0 0 rg BT 177.41 476.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 215.54 476.25 Td (if ) Tj ET Q q 0 0 0 rg BT 224.52 476.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.72 476.25 Td (products ) Tj ET Q q 0 0 0 rg BT 278.02 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.33 476.25 Td (services ) Tj ET Q q 0 0 0 rg BT 330.40 476.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 346.59 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 357.23 476.25 Td (address ) Tj ET Q q 0 0 0 rg BT 390.09 476.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 425.16 476.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 446.36 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.66 476.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 513.46 476.25 Td (we ) Tj ET Q q 0 0 0 rg BT 527.99 476.25 Td (could ) Tj ET Q q 0 0 0 rg BT 553.07 476.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.52 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.99 464.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 119.79 464.25 Td (by ) Tj ET Q q 0 0 0 rg BT 132.49 464.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.51 464.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 191.76 464.25 Td (that ) Tj ET Q q 0 0 0 rg BT 209.45 464.25 Td (we ) Tj ET Q q 0 0 0 rg BT 223.80 464.25 Td (have ) Tj ET Q q 0 0 0 rg BT 245.37 464.25 Td (breached ) Tj ET Q q 0 0 0 rg BT 284.15 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.07 464.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 337.30 464.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 381.66 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.14 464.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.16 464.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 447.51 464.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 488.80 464.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 511.50 464.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 540.30 464.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (result ) Tj ET Q q 0 0 0 rg BT 73.62 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 83.31 452.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 127.99 452.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.89 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.24 452.25 Td (we ) Tj ET Q q 0 0 0 rg BT 179.80 452.25 Td (could ) Tj ET Q q 0 0 0 rg BT 203.92 452.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 226.38 452.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 269.95 452.25 Td (or ) Tj ET Q q 0 0 0 rg BT 280.18 452.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 302.07 452.25 Td (into ) Tj ET Q q 0 0 0 rg BT 319.54 452.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 366.43 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.67 452.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 404.68 452.25 Td (that ) Tj ET Q q 0 0 0 rg BT 421.58 452.25 Td (could ) Tj ET Q q 0 0 0 rg BT 445.70 452.25 Td (have ) Tj ET Q q 0 0 0 rg BT 466.48 452.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.83 452.25 Td (material ) Tj ET Q q 0 0 0 rg BT 507.49 452.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.94 452.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 452.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 440.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 440.25 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 89.11 419.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 132.07 419.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 168.35 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 179.08 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.25 419.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 214.43 419.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 260.15 419.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 301.43 419.25 Td (industry) Tj ET Q q 0 0 0 rg BT 334.96 419.25 Td (, ) Tj ET Q q 0 0 0 rg BT 339.85 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.58 419.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 394.09 419.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 418.71 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.88 419.25 Td (diminish ) Tj ET Q q 0 0 0 rg BT 467.40 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.56 419.25 Td (role ) Tj ET Q q 0 0 0 rg BT 501.06 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.78 419.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 544.18 419.25 Td (Mae ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 407.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 102.28 407.25 Td (Mac, ) Tj ET Q q 0 0 0 rg BT 125.61 407.25 Td (could ) Tj ET Q q 0 0 0 rg BT 150.89 407.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 182.29 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.57 407.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 243.40 407.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 284.79 407.25 Td (market ) Tj ET Q q 0 0 0 rg BT 316.17 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.24 407.25 Td (have ) Tj ET Q q 0 0 0 rg BT 356.17 407.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.67 407.25 Td (material ) Tj ET Q q 0 0 0 rg BT 400.62 407.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 434.22 407.25 Td (ef) Tj ET Q q 0 0 0 rg BT 441.80 407.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.29 407.25 Td (on ) Tj ET Q q 0 0 0 rg BT 472.35 407.25 Td (our ) Tj ET Q q 0 0 0 rg BT 489.30 407.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 386.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 102.95 386.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 122.95 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.63 386.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 172.41 386.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 192.41 386.25 Td (play ) Tj ET Q q 0 0 0 rg BT 211.86 386.25 Td (a ) Tj ET Q q 0 0 0 rg BT 218.53 386.25 Td (very ) Tj ET Q q 0 0 0 rg BT 238.53 386.25 Td (important ) Tj ET Q q 0 0 0 rg BT 279.65 386.25 Td (role ) Tj ET Q q 0 0 0 rg BT 297.43 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.44 386.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 348.56 386.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 381.81 386.25 Td (, ) Tj ET Q q 0 0 0 rg BT 386.54 386.25 Td (stability ) Tj ET Q q 0 0 0 rg BT 421.00 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.67 386.25 Td (af) Tj ET Q q 0 0 0 rg BT 445.26 386.25 Td (fordability ) Tj ET Q q 0 0 0 rg BT 489.70 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.71 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.16 386.25 Td (current ) Tj ET Q q 0 0 0 rg BT 544.71 386.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.77 374.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 134.16 374.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 167.04 374.25 Td (In ) Tj ET Q q 0 0 0 rg BT 177.99 374.25 Td (particular) Tj ET Q q 0 0 0 rg BT 215.90 374.25 Td (, ) Tj ET Q q 0 0 0 rg BT 221.02 374.25 Td (they ) Tj ET Q q 0 0 0 rg BT 240.86 374.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 285.68 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.08 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.92 374.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 354.08 374.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 394.46 374.25 Td (market ) Tj ET Q q 0 0 0 rg BT 424.84 374.25 Td (by ) Tj ET Q q 0 0 0 rg BT 437.47 374.25 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 483.96 374.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 524.35 374.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 548.08 374.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 120.55 362.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 161.07 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.48 362.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 222.12 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.31 362.25 Td (by ) Tj ET Q q 0 0 0 rg BT 252.06 362.25 Td (issuing ) Tj ET Q q 0 0 0 rg BT 283.16 362.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 329.77 362.25 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 400.82 362.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 443.84 362.25 Td (In ) Tj ET Q q 0 0 0 rg BT 454.92 362.25 Td (February ) Tj ET Q q 0 0 0 rg BT 493.78 362.25 Td (201) Tj ET Q q 0 0 0 rg BT 508.41 362.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 518.66 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.63 362.25 Td (Obama ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 109.94 350.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 149.82 350.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.93 350.25 Td (report ) Tj ET Q q 0 0 0 rg BT 183.48 350.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.93 350.25 Td (Congress ) Tj ET Q q 0 0 0 rg BT 233.83 350.25 Td (which ) Tj ET Q q 0 0 0 rg BT 260.94 350.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 300.27 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.16 350.25 Td (winding ) Tj ET Q q 0 0 0 rg BT 350.61 350.25 Td (down ) Tj ET Q q 0 0 0 rg BT 375.51 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.51 350.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 416.40 350.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 436.84 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.96 350.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 487.18 350.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 507.62 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 350.25 Td (shrinking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.44 338.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 94.92 338.25 Td (government) Tj ET Q q 0 0 0 rg BT 145.47 338.25 Td (s ) Tj ET Q q 0 0 0 rg BT 152.09 338.25 Td (role ) Tj ET Q q 0 0 0 rg BT 170.36 338.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.86 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.81 338.25 Td (housing ) Tj ET Q q 0 0 0 rg BT 230.21 338.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 263.00 338.25 Td (This ) Tj ET Q q 0 0 0 rg BT 283.50 338.25 Td (proposal ) Tj ET Q q 0 0 0 rg BT 320.67 338.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 356.72 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.67 338.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 419.38 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.44 338.25 Td (government ) Tj ET Q q 0 0 0 rg BT 480.93 338.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 526.41 338.25 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (available ) Tj ET Q q 0 0 0 rg BT 88.21 326.25 Td (for ) Tj ET Q q 0 0 0 rg BT 102.49 326.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.32 326.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 176.59 326.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.32 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.38 326.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 261.10 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.94 326.25 Td (down ) Tj ET Q q 0 0 0 rg BT 300.78 326.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 337.83 326.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 392.66 326.25 Td (for ) Tj ET Q q 0 0 0 rg BT 406.94 326.25 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 452.61 326.25 Td (both ) Tj ET Q q 0 0 0 rg BT 473.01 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.96 326.25 Td (which ) Tj ET Q q 0 0 0 rg BT 511.02 326.25 Td (could ) Tj ET Q q 0 0 0 rg BT 535.86 326.25 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.97 314.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 122.67 314.25 Td (volume. ) Tj ET Q q 0 0 0 rg BT 157.87 314.25 Td (In ) Tj ET Q q 0 0 0 rg BT 168.91 314.25 Td (February ) Tj ET Q q 0 0 0 rg BT 207.72 314.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 232.92 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.85 314.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 280.54 314.25 Td (Housing ) Tj ET Q q 0 0 0 rg BT 317.14 314.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 350.90 314.25 Td (Agency ) Tj ET Q q 0 0 0 rg BT 384.70 314.25 Td (sent ) Tj ET Q q 0 0 0 rg BT 403.52 314.25 Td (Congress ) Tj ET Q q 0 0 0 rg BT 443.45 314.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.59 314.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 487.17 314.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 507.09 314.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.58 314.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 540.29 314.25 Td (down ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 79.25 302.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 99.55 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.52 302.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 149.59 302.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 169.89 302.25 Td (over ) Tj ET Q q 0 0 0 rg BT 190.19 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.94 302.25 Td (next ) Tj ET Q q 0 0 0 rg BT 224.69 302.25 Td (several ) Tj ET Q q 0 0 0 rg BT 255.53 302.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 281.48 302.25 Td (This ) Tj ET Q q 0 0 0 rg BT 301.79 302.25 Td (proposal ) Tj ET Q q 0 0 0 rg BT 338.76 302.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 374.61 302.25 Td (building ) Tj ET Q q 0 0 0 rg BT 410.48 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.45 302.25 Td (new ) Tj ET Q q 0 0 0 rg BT 436.64 302.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 493.03 302.25 Td (for ) Tj ET Q q 0 0 0 rg BT 507.22 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 302.25 Td (secondary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.33 290.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 121.65 290.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 166.49 290.25 Td (to ) Tj ET Q q 0 0 0 rg BT 176.33 290.25 Td (shrink ) Tj ET Q q 0 0 0 rg BT 203.39 290.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 232.67 290.25 Td (Mae) Tj ET Q q 0 0 0 rg BT 253.22 290.25 Td (s ) Tj ET Q q 0 0 0 rg BT 259.18 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.68 290.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 308.29 290.25 Td (Mac) Tj ET Q q 0 0 0 rg BT 328.83 290.25 Td (s ) Tj ET Q q 0 0 0 rg BT 334.79 290.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 378.51 290.25 Td (by ) Tj ET Q q 0 0 0 rg BT 390.57 290.25 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 438.18 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.46 290.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 477.29 290.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 510.46 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 290.25 Td (mortgages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 278.25 Td (shifting ) Tj ET Q q 0 0 0 rg BT 99.80 278.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 140.21 278.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 165.63 278.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 183.28 278.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.71 278.25 Td (private ) Tj ET Q q 0 0 0 rg BT 224.12 278.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 262.88 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.97 278.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 330.39 278.25 Td (foreclosure ) Tj ET Q q 0 0 0 rg BT 378.02 278.25 Td (prevention ) Tj ET Q q 0 0 0 rg BT 423.44 278.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 462.19 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.28 278.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 504.69 278.25 Td (availability) Tj ET Q q 0 0 0 rg BT 549.03 278.25 Td (. ) Tj ET Q q 0 0 0 rg BT 554.18 278.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (August ) Tj ET Q q 0 0 0 rg BT 81.88 266.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 107.87 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.57 266.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 144.84 266.25 Td (Department ) Tj ET Q q 0 0 0 rg BT 195.53 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.35 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.80 266.25 Td (T) Tj ET Q q 0 0 0 rg BT 228.56 266.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 261.48 266.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 308.28 266.25 Td (it ) Tj ET Q q 0 0 0 rg BT 317.32 266.25 Td (would ) Tj ET Q q 0 0 0 rg BT 345.81 266.25 Td (require ) Tj ET Q q 0 0 0 rg BT 377.61 266.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 408.32 266.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 429.58 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.50 266.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 481.54 266.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 502.79 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.06 266.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 544.19 266.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.75 254.25 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 139.00 254.25 Td (more ) Tj ET Q q 0 0 0 rg BT 162.92 254.25 Td (quickly) Tj ET Q q 0 0 0 rg BT 192.27 254.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.13 254.25 Td (at ) Tj ET Q q 0 0 0 rg BT 208.72 254.25 Td (an ) Tj ET Q q 0 0 0 rg BT 221.53 254.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 251.55 254.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 269.90 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.60 254.25 Td (15% ) Tj ET Q q 0 0 0 rg BT 303.30 254.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 332.22 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.80 254.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 385.61 254.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.96 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.66 254.25 Td (10%. ) Tj ET Q q 0 0 0 rg BT 439.86 254.25 Td (In ) Tj ET Q q 0 0 0 rg BT 451.56 254.25 Td (June ) Tj ET Q q 0 0 0 rg BT 473.26 254.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 499.13 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.71 254.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 535.86 254.25 Td (Senate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.25 Td (introduced ) Tj ET Q q 0 0 0 rg BT 95.53 242.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.24 242.25 Td (bill ) Tj ET Q q 0 0 0 rg BT 119.84 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.88 242.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 154.15 242.25 Td (down ) Tj ET Q q 0 0 0 rg BT 179.64 242.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 210.12 242.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 231.16 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.86 242.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 282.67 242.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 303.71 242.25 Td (over ) Tj ET Q q 0 0 0 rg BT 324.74 242.25 Td (five ) Tj ET Q q 0 0 0 rg BT 343.56 242.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 370.19 242.25 Td (This ) Tj ET Q q 0 0 0 rg BT 391.23 242.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 436.16 242.25 Td (would ) Tj ET Q q 0 0 0 rg BT 464.43 242.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 496.55 242.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 527.04 242.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 548.07 242.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 83.32 230.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 104.36 230.25 Td (with ) Tj ET Q q 0 0 0 rg BT 125.42 230.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.13 230.25 Td (new ) Tj ET Q q 0 0 0 rg BT 153.06 230.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 186.32 230.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 228.47 230.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 270.61 230.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 322.21 230.25 Td (that ) Tj ET Q q 0 0 0 rg BT 340.48 230.25 Td (would ) Tj ET Q q 0 0 0 rg BT 368.76 230.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 406.46 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.52 230.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 459.65 230.25 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 507.08 230.25 Td (but ) Tj ET Q q 0 0 0 rg BT 523.13 230.25 Td (only ) Tj ET Q q 0 0 0 rg BT 544.19 230.25 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (private ) Tj ET Q q 0 0 0 rg BT 79.59 218.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.56 218.25 Td (absorbs ) Tj ET Q q 0 0 0 rg BT 141.44 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.98 218.25 Td (first ) Tj ET Q q 0 0 0 rg BT 174.41 218.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 195.06 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.71 218.25 Td (any ) Tj ET Q q 0 0 0 rg BT 222.48 218.25 Td (losses. ) Tj ET Q q 0 0 0 rg BT 251.19 218.25 Td (In ) Tj ET Q q 0 0 0 rg BT 261.84 218.25 Td (July ) Tj ET Q q 0 0 0 rg BT 280.84 218.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 305.66 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.20 218.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 340.31 218.25 Td (House ) Tj ET Q q 0 0 0 rg BT 368.18 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.83 218.25 Td (Representatives ) Tj ET Q q 0 0 0 rg BT 444.47 218.25 Td (also ) Tj ET Q q 0 0 0 rg BT 462.90 218.25 Td (unveiled ) Tj ET Q q 0 0 0 rg BT 499.66 218.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 520.86 218.25 Td (legislation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.75 206.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 97.76 206.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 120.23 206.25 Td (down ) Tj ET Q q 0 0 0 rg BT 144.92 206.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 174.60 206.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 194.84 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.75 206.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 244.76 206.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 265.00 206.25 Td (over ) Tj ET Q q 0 0 0 rg BT 285.23 206.25 Td (a ) Tj ET Q q 0 0 0 rg BT 292.14 206.25 Td (five ) Tj ET Q q 0 0 0 rg BT 310.15 206.25 Td (year ) Tj ET Q q 0 0 0 rg BT 329.83 206.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 360.34 206.25 Td (In ) Tj ET Q q 0 0 0 rg BT 371.14 206.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 396.11 206.25 Td (four ) Tj ET Q q 0 0 0 rg BT 415.23 206.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 444.92 206.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 465.15 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.06 206.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 515.07 206.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 535.31 206.25 Td (reform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 88.31 194.25 Td (were ) Tj ET Q q 0 0 0 rg BT 109.34 194.25 Td (active ) Tj ET Q q 0 0 0 rg BT 134.81 194.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.19 194.25 Td (Congress: ) Tj ET Q q 0 0 0 rg BT 185.79 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.61 194.25 Td (Senate) Tj ET Q q 0 0 0 rg BT 229.04 194.25 Td (s ) Tj ET Q q 0 0 0 rg BT 234.53 194.25 Td (Johnson-Crapo ) Tj ET Q q 0 0 0 rg BT 296.68 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.72 194.25 Td (Corker) Tj ET Q q 0 0 0 rg BT 340.29 194.25 Td (-W) Tj ET Q q 0 0 0 rg BT 352.26 194.25 Td (arner) Tj ET Q q 0 0 0 rg BT 372.40 194.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.50 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.54 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.35 194.25 Td (House) Tj ET Q q 0 0 0 rg BT 434.68 194.25 Td (s ) Tj ET Q q 0 0 0 rg BT 440.18 194.25 Td (P) Tj ET Q q 0 0 0 rg BT 444.82 194.25 Td (A) Tj ET Q q 0 0 0 rg BT 450.93 194.25 Td (TH ) Tj ET Q q 0 0 0 rg BT 465.51 194.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 481.55 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.59 194.25 Td (HOME ) Tj ET Q q 0 0 0 rg BT 528.63 194.25 Td (Forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 69.19 182.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.70 182.25 Td (ef) Tj ET Q q 0 0 0 rg BT 95.29 182.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 117.13 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.42 182.25 Td (these ) Tj ET Q q 0 0 0 rg BT 151.93 182.25 Td (proposals, ) Tj ET Q q 0 0 0 rg BT 195.73 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.91 182.25 Td (passage ) Tj ET Q q 0 0 0 rg BT 244.97 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.26 182.25 Td (either ) Tj ET Q q 0 0 0 rg BT 281.99 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.28 182.25 Td (these ) Tj ET Q q 0 0 0 rg BT 316.80 182.25 Td (bills ) Tj ET Q q 0 0 0 rg BT 336.99 182.25 Td (into ) Tj ET Q q 0 0 0 rg BT 355.51 182.25 Td (law ) Tj ET Q q 0 0 0 rg BT 372.91 182.25 Td (or ) Tj ET Q q 0 0 0 rg BT 384.20 182.25 Td (any ) Tj ET Q q 0 0 0 rg BT 401.60 182.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 446.78 182.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 487.51 182.25 Td (change ) Tj ET Q q 0 0 0 rg BT 518.79 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.53 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.71 182.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 94.95 170.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 136.51 170.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 173.08 170.25 Td (may ) Tj ET Q q 0 0 0 rg BT 194.10 170.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 220.10 170.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 266.11 170.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 310.47 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.04 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.06 170.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 383.50 170.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 425.06 170.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 459.13 170.25 Td (If ) Tj ET Q q 0 0 0 rg BT 469.58 170.25 Td (we ) Tj ET Q q 0 0 0 rg BT 485.04 170.25 Td (are ) Tj ET Q q 0 0 0 rg BT 501.05 170.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 531.50 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.07 170.25 Td (react ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 158.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 94.57 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.51 158.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 144.00 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.28 158.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 188.99 158.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.27 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.98 158.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 258.13 158.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 298.40 158.25 Td (industry) Tj ET Q q 0 0 0 rg BT 330.53 158.25 Td (, ) Tj ET Q q 0 0 0 rg BT 335.53 158.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.36 158.25 Td (business ) Tj ET Q q 0 0 0 rg BT 387.75 158.25 Td (could ) Tj ET Q q 0 0 0 rg BT 412.46 158.25 Td (be ) Tj ET Q q 0 0 0 rg BT 424.40 158.25 Td (harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 137.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.94 137.25 Td (may ) Tj ET Q q 0 0 0 rg BT 85.01 137.25 Td (be ) Tj ET Q q 0 0 0 rg BT 97.29 137.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 128.48 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.67 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.29 137.25 Td (way ) Tj ET Q q 0 0 0 rg BT 174.25 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.44 137.25 Td (which ) Tj ET Q q 0 0 0 rg BT 213.30 137.25 Td (we ) Tj ET Q q 0 0 0 rg BT 227.26 137.25 Td (market ) Tj ET Q q 0 0 0 rg BT 259.00 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.30 137.25 Td (business ) Tj ET Q q 0 0 0 rg BT 314.17 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 325.91 137.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 364.31 137.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 399.93 137.25 Td (by ) Tj ET Q q 0 0 0 rg BT 412.22 137.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 432.85 137.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 464.58 137.25 Td (law ) Tj ET Q q 0 0 0 rg BT 481.88 137.25 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 530.86 137.25 Td (referral ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.10 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 78.94 125.25 Td (real ) Tj ET Q q 0 0 0 rg BT 97.55 125.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 123.37 125.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 178.94 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.00 125.25 Td (if ) Tj ET Q q 0 0 0 rg BT 205.61 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 219.22 125.25 Td (are ) Tj ET Q q 0 0 0 rg BT 235.05 125.25 Td (found ) Tj ET Q q 0 0 0 rg BT 262.00 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.28 125.25 Td (be ) Tj ET Q q 0 0 0 rg BT 284.22 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.06 125.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 333.67 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.50 125.25 Td (such ) Tj ET Q q 0 0 0 rg BT 366.46 125.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 387.30 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 400.91 125.25 Td (would ) Tj ET Q q 0 0 0 rg BT 428.42 125.25 Td (be ) Tj ET Q q 0 0 0 rg BT 440.35 125.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 471.74 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.02 125.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.42 125.25 Td (liability) Tj ET Q q 0 0 0 rg BT 559.15 125.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 104.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 96.48 104.25 Td (A) Tj ET Q q 0 0 0 rg BT 103.15 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.80 104.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.65 104.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 183.86 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.72 104.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 235.81 104.25 Td (or ) Tj ET Q q 0 0 0 rg BT 246.79 104.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 276.64 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 104.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 306.36 104.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.34 104.25 Td (any ) Tj ET Q q 0 0 0 rg BT 334.43 104.25 Td (other ) Tj ET Q q 0 0 0 rg BT 357.63 104.25 Td (thing ) Tj ET Q q 0 0 0 rg BT 380.83 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.81 104.25 Td (value ) Tj ET Q q 0 0 0 rg BT 416.11 104.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.42 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.29 104.25 Td (referral ) Tj ET Q q 0 0 0 rg BT 477.35 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.33 104.25 Td (business ) Tj ET Q q 0 0 0 rg BT 524.87 104.25 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 104.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.65 92.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 101.02 92.25 Td (real ) Tj ET Q q 0 0 0 rg BT 118.72 92.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 144.20 92.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 188.01 92.25 Td (service ) Tj ET Q q 0 0 0 rg BT 219.04 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.19 92.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 274.47 92.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 289.39 92.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 317.09 92.25 Td (or ) Tj ET Q q 0 0 0 rg BT 328.14 92.25 Td (splits ) Tj ET Q q 0 0 0 rg BT 351.97 92.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 92.25 Td (unearned ) Tj ET Q q 0 0 0 rg BT 402.38 92.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 421.19 92.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.68 92.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 478.27 92.25 Td (with ) Tj ET Q q 0 0 0 rg BT 498.76 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.69 92.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 554.19 92.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 80.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 108.54 80.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 157.08 80.25 Td (software ) Tj ET Q q 0 0 0 rg BT 194.51 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.95 80.25 Td (services ) Tj ET Q q 0 0 0 rg BT 247.16 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.59 80.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.81 80.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 301.69 80.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 322.46 80.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.45 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.45 80.25 Td (were ) Tj ET Q q 0 0 0 rg BT 382.88 80.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 421.42 80.25 Td (with ) Tj ET Q q 0 0 0 rg BT 442.20 80.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 479.63 80.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 516.52 80.25 Td (that ) Tj ET Q q 0 0 0 rg BT 534.52 80.25 Td (are ) Tj ET Q q 0 0 0 rg BT 549.72 80.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.56 68.25 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 132.64 68.25 Td (by ) Tj ET Q q 0 0 0 rg BT 145.61 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.79 68.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 208.20 68.25 Td (under ) Tj ET Q q 0 0 0 rg BT 233.94 68.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 256.92 68.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 269.61 68.25 Td (Nonetheless, ) Tj ET Q q 0 0 0 rg BT 323.96 68.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 346.94 68.25 Td (A) Tj ET Q q 0 0 0 rg BT 353.61 68.25 Td ( ) Tj ET Q q 0 0 0 rg BT 356.58 68.25 Td (may ) Tj ET Q q 0 0 0 rg BT 376.77 68.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 407.50 68.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.80 68.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 452.33 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.08 68.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 486.03 68.25 Td (into ) Tj ET Q q 0 0 0 rg BT 504.56 68.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 548.07 68.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 98.17 56.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 154.59 56.25 Td (with ) Tj ET Q q 0 0 0 rg BT 174.92 56.25 Td (third ) Tj ET Q q 0 0 0 rg BT 196.36 56.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 225.57 56.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.79 56.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 274.01 56.25 Td (or ) Tj ET Q q 0 0 0 rg BT 284.89 56.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 311.89 56.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 355.54 56.25 Td (products ) Tj ET Q q 0 0 0 rg BT 392.53 56.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.52 56.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 446.78 56.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 495.43 56.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.76 56.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.53 56.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.52 56.25 Td (that ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (such ) Tj ET Q q 0 0 0 rg BT 69.54 740.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 125.11 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 144.04 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.18 740.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 210.18 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.22 740.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 260.26 740.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 300.30 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.67 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.59 740.10 Td (referral ) Tj ET Q q 0 0 0 rg BT 358.71 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.75 740.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 412.11 740.10 Td (real ) Tj ET Q q 0 0 0 rg BT 428.81 740.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 453.28 740.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 496.09 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 526.11 740.10 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.32 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 121.18 728.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 174.15 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.35 728.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 207.33 728.10 Td (A) Tj ET Q q 0 0 0 rg BT 214.00 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.42 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.18 728.10 Td (court ) Tj ET Q q 0 0 0 rg BT 250.14 728.10 Td (opinions ) Tj ET Q q 0 0 0 rg BT 287.01 728.10 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 336.09 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.73 728.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 394.82 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.57 728.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 428.55 728.10 Td (A) Tj ET Q q 0 0 0 rg BT 435.22 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.64 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.06 728.10 Td (result ) Tj ET Q q 0 0 0 rg BT 479.70 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.90 728.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 536.76 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 728.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.35 716.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 117.33 716.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 156.25 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 167.12 716.10 Td (any ) Tj ET Q q 0 0 0 rg BT 184.09 716.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 242.17 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.70 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.57 716.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 312.54 716.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 348.97 716.10 Td (have ) Tj ET Q q 0 0 0 rg BT 370.38 716.10 Td (been ) Tj ET Q q 0 0 0 rg BT 391.80 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.77 716.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 447.41 716.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.15 716.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 493.01 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.33 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 716.10 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.36 704.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 97.35 704.10 Td (A, ) Tj ET Q q 0 0 0 rg BT 109.17 704.10 Td (could ) Tj ET Q q 0 0 0 rg BT 133.48 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 154.45 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.99 704.10 Td (material ) Tj ET Q q 0 0 0 rg BT 195.84 704.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 228.48 704.10 Td (ef) Tj ET Q q 0 0 0 rg BT 236.06 704.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 253.14 704.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.24 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.67 704.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 319.15 704.10 Td (If ) Tj ET Q q 0 0 0 rg BT 327.91 704.10 Td (we ) Tj ET Q q 0 0 0 rg BT 341.67 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 363.19 704.10 Td (found ) Tj ET Q q 0 0 0 rg BT 388.62 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.49 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.03 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.90 704.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 457.55 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.98 704.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 490.96 704.10 Td (A) Tj ET Q q 0 0 0 rg BT 497.63 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.73 704.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 523.76 704.10 Td (we ) Tj ET Q q 0 0 0 rg BT 537.52 704.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 692.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 96.71 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.99 692.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 151.70 692.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 189.19 692.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 222.80 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 240.29 692.10 Td (could ) Tj ET Q q 0 0 0 rg BT 265.01 692.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.38 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.32 692.10 Td (material ) Tj ET Q q 0 0 0 rg BT 328.58 692.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 361.62 692.10 Td (ef) Tj ET Q q 0 0 0 rg BT 369.21 692.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 386.69 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.19 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.02 692.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 458.06 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.00 692.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 671.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.27 671.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 97.90 671.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.65 671.10 Td (key ) Tj ET Q q 0 0 0 rg BT 128.71 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 671.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 176.76 671.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 206.61 671.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 250.36 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.32 671.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 295.06 671.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.70 671.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 353.40 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.14 671.10 Td (if ) Tj ET Q q 0 0 0 rg BT 381.44 671.10 Td (we ) Tj ET Q q 0 0 0 rg BT 395.73 671.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.25 671.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 443.77 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.74 671.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 482.37 671.10 Td (our ) Tj ET Q q 0 0 0 rg BT 500.01 671.10 Td (current ) Tj ET Q q 0 0 0 rg BT 533.76 671.10 Td (or ) Tj ET Q q 0 0 0 rg BT 545.84 671.10 Td (hire ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.67 659.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 139.24 659.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.19 659.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.24 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.52 659.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 228.11 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.17 659.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 298.11 659.10 Td (market ) Tj ET Q q 0 0 0 rg BT 329.50 659.10 Td (our ) Tj ET Q q 0 0 0 rg BT 346.45 659.10 Td (business ) Tj ET Q q 0 0 0 rg BT 383.97 659.10 Td (could ) Tj ET Q q 0 0 0 rg BT 409.25 659.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.18 659.10 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 638.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 638.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.96 638.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.22 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.93 638.10 Td (future ) Tj ET Q q 0 0 0 rg BT 166.20 638.10 Td (success ) Tj ET Q q 0 0 0 rg BT 199.57 638.10 Td (will ) Tj ET Q q 0 0 0 rg BT 218.51 638.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 250.78 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.94 638.10 Td (lar) Tj ET Q q 0 0 0 rg BT 272.31 638.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 285.13 638.10 Td (part ) Tj ET Q q 0 0 0 rg BT 304.06 638.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 327.45 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.16 638.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 373.10 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.26 638.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 412.63 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.45 638.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 456.60 638.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 485.54 638.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 515.59 638.10 Td (managerial, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (technical, ) Tj ET Q q 0 0 0 rg BT 90.62 626.10 Td (finance, ) Tj ET Q q 0 0 0 rg BT 125.08 626.10 Td (creative ) Tj ET Q q 0 0 0 rg BT 159.25 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.22 626.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 198.19 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.16 626.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 258.23 626.10 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 302.14 626.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 341.17 626.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.20 626.10 Td (we ) Tj ET Q q 0 0 0 rg BT 360.39 626.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 391.80 626.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.32 626.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.19 626.10 Td (future ) Tj ET Q q 0 0 0 rg BT 451.59 626.10 Td (success ) Tj ET Q q 0 0 0 rg BT 484.12 626.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.32 626.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 521.41 626.10 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.76 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.24 614.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 131.27 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.86 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.45 614.10 Td (named ) Tj ET Q q 0 0 0 rg BT 186.36 614.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 226.93 614.10 Td (of) Tj ET Q q 0 0 0 rg BT 235.08 614.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 261.55 614.10 Td (All ) Tj ET Q q 0 0 0 rg BT 276.59 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.18 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.77 614.10 Td (of) Tj ET Q q 0 0 0 rg BT 310.92 614.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 335.39 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.08 614.10 Td (other ) Tj ET Q q 0 0 0 rg BT 374.89 614.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 419.91 614.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.38 614.10 Td (at-will ) Tj ET Q q 0 0 0 rg BT 462.74 614.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 510.27 614.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.97 614.10 Td (means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (they ) Tj ET Q q 0 0 0 rg BT 69.47 602.10 Td (may ) Tj ET Q q 0 0 0 rg BT 89.44 602.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 129.95 602.10 Td (their ) Tj ET Q q 0 0 0 rg BT 151.02 602.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 203.77 602.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 253.73 602.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.26 602.10 Td (us ) Tj ET Q q 0 0 0 rg BT 285.90 602.10 Td (at ) Tj ET Q q 0 0 0 rg BT 295.87 602.10 Td (any ) Tj ET Q q 0 0 0 rg BT 313.06 602.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 336.08 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.27 602.10 Td (their ) Tj ET Q q 0 0 0 rg BT 374.35 602.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 420.98 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.06 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.14 602.10 Td (business ) Tj ET Q q 0 0 0 rg BT 484.79 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.98 602.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.51 602.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.27 590.10 Td (extremely ) Tj ET Q q 0 0 0 rg BT 103.58 590.10 Td (dif) Tj ET Q q 0 0 0 rg BT 114.50 590.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 137.94 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 590.10 Td (replace. ) Tj ET Q q 0 0 0 rg BT 181.74 590.10 Td (In ) Tj ET Q q 0 0 0 rg BT 192.40 590.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 230.00 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.54 590.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 262.43 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.09 590.10 Td (any ) Tj ET Q q 0 0 0 rg BT 289.86 590.10 Td (key ) Tj ET Q q 0 0 0 rg BT 306.63 590.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.72 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.38 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.93 590.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 412.59 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.69 590.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 450.00 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.66 590.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 485.75 590.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 523.63 590.10 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.29 578.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 98.52 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 578.10 Td (development ) Tj ET Q q 0 0 0 rg BT 167.53 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.54 578.10 Td (introduction ) Tj ET Q q 0 0 0 rg BT 236.00 578.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 249.40 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.41 578.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 289.53 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.44 578.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 333.56 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.91 578.10 Td (sell, ) Tj ET Q q 0 0 0 rg BT 362.87 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.78 578.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 417.47 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.48 578.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 457.60 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.39 578.10 Td (market) Tj ET Q q 0 0 0 rg BT 502.93 578.10 Td (s ) Tj ET Q q 0 0 0 rg BT 509.40 578.10 Td (perception ) Tj ET Q q 0 0 0 rg BT 554.17 578.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 63.15 566.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 115.41 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.32 566.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 167.12 566.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 208.26 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 217.18 566.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 265.53 566.10 Td (intense ) Tj ET Q q 0 0 0 rg BT 296.11 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.15 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.62 566.10 Td (San ) Tj ET Q q 0 0 0 rg BT 337.88 566.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 379.01 566.10 Td (Bay ) Tj ET Q q 0 0 0 rg BT 396.88 566.10 Td (Area, ) Tj ET Q q 0 0 0 rg BT 421.07 566.10 Td (where ) Tj ET Q q 0 0 0 rg BT 447.75 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.34 566.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 516.68 566.10 Td (are ) Tj ET Q q 0 0 0 rg BT 531.15 566.10 Td (located. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 90.32 554.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 137.82 554.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.08 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.92 554.10 Td (high ) Tj ET Q q 0 0 0 rg BT 184.75 554.10 Td (demand, ) Tj ET Q q 0 0 0 rg BT 221.97 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.46 554.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.18 554.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.45 554.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 298.05 554.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 343.32 554.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 366.38 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.21 554.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 405.25 554.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 430.58 554.10 Td (W) Tj ET Q q 0 0 0 rg BT 439.22 554.10 Td (e ) Tj ET Q q 0 0 0 rg BT 446.72 554.10 Td (may ) Tj ET Q q 0 0 0 rg BT 466.99 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.48 554.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 509.20 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.03 554.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 548.07 554.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 74.93 542.10 Td (suitably ) Tj ET Q q 0 0 0 rg BT 109.26 542.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 147.46 542.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 194.57 542.10 Td (who ) Tj ET Q q 0 0 0 rg BT 214.45 542.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.32 542.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 262.52 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.51 542.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 308.39 542.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.38 542.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 360.38 542.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 384.98 542.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 432.62 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.72 542.10 Td (managerial ) Tj ET Q q 0 0 0 rg BT 496.81 542.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 554.17 542.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.07 530.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.86 530.10 Td (required ) Tj ET Q q 0 0 0 rg BT 116.52 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.65 530.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.44 530.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 183.54 530.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 241.43 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 530.10 Td (order ) Tj ET Q q 0 0 0 rg BT 275.01 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.14 530.10 Td (do ) Tj ET Q q 0 0 0 rg BT 297.49 530.10 Td (so. ) Tj ET Q q 0 0 0 rg BT 311.23 530.10 Td (If ) Tj ET Q q 0 0 0 rg BT 320.24 530.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.25 530.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.81 530.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 377.81 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.94 530.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 415.27 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.06 530.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 457.18 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.74 530.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 509.63 530.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 550.86 530.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (need ) Tj ET Q q 0 0 0 rg BT 70.88 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.16 518.10 Td (succeed, ) Tj ET Q q 0 0 0 rg BT 117.80 518.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.63 518.10 Td (business ) Tj ET Q q 0 0 0 rg BT 170.02 518.10 Td (will ) Tj ET Q q 0 0 0 rg BT 188.08 518.10 Td (suf) Tj ET Q q 0 0 0 rg BT 200.12 518.10 Td (fer) Tj ET Q q 0 0 0 rg BT 210.67 518.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 497.10 Td (V) Tj ET Q q 0 0 0 rg BT 79.43 497.10 Td (olatility ) Tj ET Q q 0 0 0 rg BT 113.05 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.88 497.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 143.04 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.88 497.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 206.90 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.19 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 233.02 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.63 497.10 Td (price ) Tj ET Q q 0 0 0 rg BT 279.13 497.10 Td (may ) Tj ET Q q 0 0 0 rg BT 298.85 497.10 Td (also ) Tj ET Q q 0 0 0 rg BT 317.46 497.10 Td (af) Tj ET Q q 0 0 0 rg BT 325.05 497.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.54 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.37 497.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 386.43 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.71 497.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 424.20 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.14 497.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 466.41 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.25 497.10 Td (key ) Tj ET Q q 0 0 0 rg BT 499.19 497.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 546.96 497.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (named ) Tj ET Q q 0 0 0 rg BT 78.83 485.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 119.81 485.10 Td (of) Tj ET Q q 0 0 0 rg BT 127.96 485.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 152.84 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 167.72 485.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 195.94 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.39 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.50 485.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 258.95 485.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 291.61 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.62 485.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 326.40 485.10 Td (options ) Tj ET Q q 0 0 0 rg BT 358.52 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.63 485.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 428.82 485.10 Td (share ) Tj ET Q q 0 0 0 rg BT 452.59 485.10 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.91 485.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.09 485.10 Td (Employees ) Tj ET Q q 0 0 0 rg BT 533.19 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 553.08 485.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (more ) Tj ET Q q 0 0 0 rg BT 72.31 473.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 97.35 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.40 473.10 Td (leave ) Tj ET Q q 0 0 0 rg BT 130.76 473.10 Td (us ) Tj ET Q q 0 0 0 rg BT 141.92 473.10 Td (if ) Tj ET Q q 0 0 0 rg BT 150.29 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.78 473.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 192.04 473.10 Td (they ) Tj ET Q q 0 0 0 rg BT 211.52 473.10 Td (own ) Tj ET Q q 0 0 0 rg BT 231.01 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.61 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.09 473.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.35 473.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 328.94 473.10 Td (their ) Tj ET Q q 0 0 0 rg BT 349.53 473.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 377.35 473.10 Td (options ) Tj ET Q q 0 0 0 rg BT 409.06 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 430.21 473.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 482.46 473.10 Td (appreciated ) Tj ET Q q 0 0 0 rg BT 530.81 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.85 473.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.43 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.17 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.33 461.10 Td (original ) Tj ET Q q 0 0 0 rg BT 142.39 461.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 180.88 461.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 207.71 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.00 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.17 461.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.11 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.39 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.56 461.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 324.27 461.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 351.10 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.38 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.55 461.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 406.05 461.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 440.95 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.24 461.10 Td (if ) Tj ET Q q 0 0 0 rg BT 461.30 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.47 461.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 512.17 461.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 539.00 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 461.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (options ) Tj ET Q q 0 0 0 rg BT 80.82 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.69 449.10 Td (they ) Tj ET Q q 0 0 0 rg BT 116.79 449.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 136.44 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.52 449.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 202.39 449.10 Td (above ) Tj ET Q q 0 0 0 rg BT 228.14 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.23 449.10 Td (market ) Tj ET Q q 0 0 0 rg BT 271.87 449.10 Td (price ) Tj ET Q q 0 0 0 rg BT 293.73 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.93 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.14 449.10 Td (common ) Tj ET Q q 0 0 0 rg BT 356.01 449.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 381.49 449.10 Td (If ) Tj ET Q q 0 0 0 rg BT 390.03 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 403.56 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 417.64 449.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 446.17 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.83 449.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 480.47 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 495.67 449.10 Td (named ) Tj ET Q q 0 0 0 rg BT 524.20 449.10 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 437.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 82.36 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.19 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 116.23 437.10 Td (key ) Tj ET Q q 0 0 0 rg BT 133.17 437.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 180.94 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.77 437.10 Td (business ) Tj ET Q q 0 0 0 rg BT 233.16 437.10 Td (will ) Tj ET Q q 0 0 0 rg BT 251.21 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 263.15 437.10 Td (harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 416.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.19 416.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.84 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.29 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.39 416.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 142.62 416.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 191.37 416.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 224.86 416.10 Td (which ) Tj ET Q q 0 0 0 rg BT 251.97 416.10 Td (could ) Tj ET Q q 0 0 0 rg BT 276.85 416.10 Td (make ) Tj ET Q q 0 0 0 rg BT 301.17 416.10 Td (it ) Tj ET Q q 0 0 0 rg BT 308.84 416.10 Td (dif) Tj ET Q q 0 0 0 rg BT 319.76 416.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 343.53 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.86 416.10 Td (us ) Tj ET Q q 0 0 0 rg BT 369.42 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.30 416.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 408.07 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.74 416.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 452.29 416.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 501.62 416.10 Td (users ) Tj ET Q q 0 0 0 rg BT 525.40 416.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.07 416.10 Td (Ellie ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 70.33 404.10 Td (Network) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.33 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.83 404.10 Td (participants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.98 383.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 130.68 383.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 176.50 383.10 Td (software ) Tj ET Q q 0 0 0 rg BT 212.86 383.10 Td (market ) Tj ET Q q 0 0 0 rg BT 242.56 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.17 383.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 278.66 383.10 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 330.16 383.10 Td (There ) Tj ET Q q 0 0 0 rg BT 355.41 383.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.55 383.10 Td (many ) Tj ET Q q 0 0 0 rg BT 393.70 383.10 Td (software ) Tj ET Q q 0 0 0 rg BT 430.07 383.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 472.27 383.10 Td (such ) Tj ET Q q 0 0 0 rg BT 492.54 383.10 Td (as: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.58 383.10 Td (Byte ) Tj ET Q q 0 0 0 rg BT 526.40 383.10 Td (Software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 70.60 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 78.37 371.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 122.81 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.47 371.10 Td (CBCInnovis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.48 371.10 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.59 371.10 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 217.57 371.10 Td (T) Tj ET Q q 0 0 0 rg BT 222.98 371.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 263.98 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.82 371.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.08 371.10 Td (; ) Tj ET Q q 0 0 0 rg BT 291.19 371.10 Td (DH ) Tj ET Q q 0 0 0 rg BT 308.97 371.10 Td (Corporation; ) Tj ET Q q 0 0 0 rg BT 363.40 371.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 405.61 371.10 Td (Builder ) Tj ET Q q 0 0 0 rg BT 438.94 371.10 Td (Software, ) Tj ET Q q 0 0 0 rg BT 480.87 371.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 501.97 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.74 371.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 554.18 371.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (Altisource ) Tj ET Q q 0 0 0 rg BT 92.93 359.10 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 130.27 359.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 169.84 359.10 Td (SA; ) Tj ET Q q 0 0 0 rg BT 187.18 359.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 227.83 359.10 Td (Cadence ) Tj ET Q q 0 0 0 rg BT 264.04 359.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 287.20 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.42 359.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 336.31 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.02 359.10 Td (Accenture ) Tj ET Q q 0 0 0 rg BT 388.88 359.10 Td (PLC; ) Tj ET Q q 0 0 0 rg BT 411.78 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.87 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 436.91 359.10 Td (ipro ) Tj ET Q q 0 0 0 rg BT 454.79 359.10 Td (Gallagher ) Tj ET Q q 0 0 0 rg BT 496.00 359.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 538.06 359.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.60 347.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 89.69 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 102.87 347.10 Td (W) Tj ET Q q 0 0 0 rg BT 111.91 347.10 Td (ipro, ) Tj ET Q q 0 0 0 rg BT 133.95 347.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 156.26 347.10 Td (that ) Tj ET Q q 0 0 0 rg BT 174.69 347.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 211.99 347.10 Td (with ) Tj ET Q q 0 0 0 rg BT 233.19 347.10 Td (us ) Tj ET Q q 0 0 0 rg BT 245.52 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.94 347.10 Td (of) Tj ET Q q 0 0 0 rg BT 267.09 347.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 294.40 347.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 315.05 347.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 362.36 347.10 Td (software ) Tj ET Q q 0 0 0 rg BT 400.21 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.42 347.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 452.62 347.10 Td (originators. ) Tj ET Q q 0 0 0 rg BT 501.87 347.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 528.08 347.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 93.49 335.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.99 335.10 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 162.34 335.10 Td (T) Tj ET Q q 0 0 0 rg BT 167.75 335.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 208.75 335.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.98 335.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.25 335.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.47 335.10 Td (also ) Tj ET Q q 0 0 0 rg BT 256.31 335.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 290.58 335.10 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 343.73 335.10 Td (between ) Tj ET Q q 0 0 0 rg BT 380.77 335.10 Td (their ) Tj ET Q q 0 0 0 rg BT 402.82 335.10 Td (software ) Tj ET Q q 0 0 0 rg BT 440.98 335.10 Td (users ) Tj ET Q q 0 0 0 rg BT 465.26 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.42 335.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 516.02 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.19 335.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (providers. ) Tj ET Q q 0 0 0 rg BT 92.00 323.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 116.99 323.10 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 168.65 323.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 216.97 323.10 Td (are ) Tj ET Q q 0 0 0 rg BT 231.40 323.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 269.18 323.10 Td (by ) Tj ET Q q 0 0 0 rg BT 281.40 323.10 Td (services ) Tj ET Q q 0 0 0 rg BT 315.84 323.10 Td (such ) Tj ET Q q 0 0 0 rg BT 336.40 323.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.96 323.10 Td (Black ) Tj ET Q q 0 0 0 rg BT 372.51 323.10 Td (Knight ) Tj ET Q q 0 0 0 rg BT 402.52 323.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 441.96 323.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 480.56 323.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 504.18 323.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.84 323.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 554.18 323.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 82.88 311.10 Td (National ) Tj ET Q q 0 0 0 rg BT 119.59 311.10 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 161.57 311.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.84 311.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.61 311.10 Td (which ) Tj ET Q q 0 0 0 rg BT 208.32 311.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 249.45 311.10 Td (service ) Tj ET Q q 0 0 0 rg BT 280.04 311.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 320.08 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.13 311.10 Td (make ) Tj ET Q q 0 0 0 rg BT 354.05 311.10 Td (available ) Tj ET Q q 0 0 0 rg BT 392.41 311.10 Td (such ) Tj ET Q q 0 0 0 rg BT 413.01 311.10 Td (services ) Tj ET Q q 0 0 0 rg BT 447.49 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.54 311.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 497.57 311.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 531.05 311.10 Td (W) Tj ET Q q 0 0 0 rg BT 539.69 311.10 Td (e ) Tj ET Q q 0 0 0 rg BT 546.40 311.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 87.39 299.10 Td (with ) Tj ET Q q 0 0 0 rg BT 109.19 299.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 159.29 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.75 299.10 Td (document ) Tj ET Q q 0 0 0 rg BT 221.20 299.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 270.75 299.10 Td (service ) Tj ET Q q 0 0 0 rg BT 303.09 299.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 344.87 299.10 Td (that ) Tj ET Q q 0 0 0 rg BT 363.89 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.11 299.10 Td (more ) Tj ET Q q 0 0 0 rg BT 404.68 299.10 Td (established ) Tj ET Q q 0 0 0 rg BT 453.13 299.10 Td (than ) Tj ET Q q 0 0 0 rg BT 474.36 299.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 489.48 299.10 Td (There ) Tj ET Q q 0 0 0 rg BT 516.81 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.50 299.10 Td (vigorous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 99.57 287.10 Td (among ) Tj ET Q q 0 0 0 rg BT 129.09 287.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 169.17 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.80 287.10 Td (these ) Tj ET Q q 0 0 0 rg BT 202.65 287.10 Td (services ) Tj ET Q q 0 0 0 rg BT 237.17 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.91 287.10 Td (we ) Tj ET Q q 0 0 0 rg BT 267.87 287.10 Td (may ) Tj ET Q q 0 0 0 rg BT 287.40 287.10 Td (not ) Tj ET Q q 0 0 0 rg BT 302.48 287.10 Td (succeed ) Tj ET Q q 0 0 0 rg BT 336.43 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.51 287.10 Td (convincing ) Tj ET Q q 0 0 0 rg BT 393.25 287.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 430.54 287.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 473.40 287.10 Td (using ) Tj ET Q q 0 0 0 rg BT 497.37 287.10 Td (other ) Tj ET Q q 0 0 0 rg BT 520.22 287.10 Td (services ) Tj ET Q q 0 0 0 rg BT 554.73 287.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (switch ) Tj ET Q q 0 0 0 rg BT 78.34 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.85 275.10 Td (ours. ) Tj ET Q q 0 0 0 rg BT 111.31 275.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 137.37 275.10 Td (service ) Tj ET Q q 0 0 0 rg BT 168.42 275.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 208.92 275.10 Td (connect ) Tj ET Q q 0 0 0 rg BT 242.75 275.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 276.03 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.54 275.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 327.03 275.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 373.09 275.10 Td (without ) Tj ET Q q 0 0 0 rg BT 406.38 275.10 Td (using ) Tj ET Q q 0 0 0 rg BT 430.79 275.10 Td (any ) Tj ET Q q 0 0 0 rg BT 447.96 275.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 467.91 275.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 514.52 275.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 554.19 275.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.68 263.10 Td (some ) Tj ET Q q 0 0 0 rg BT 111.70 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.93 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.17 263.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 189.29 263.10 Td (are ) Tj ET Q q 0 0 0 rg BT 204.40 263.10 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 261.19 263.10 Td (which ) Tj ET Q q 0 0 0 rg BT 288.54 263.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 330.31 263.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 360.97 263.10 Td (cross-selling ) Tj ET Q q 0 0 0 rg BT 414.42 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.66 263.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 463.27 263.10 Td (which ) Tj ET Q q 0 0 0 rg BT 490.62 263.10 Td (could ) Tj ET Q q 0 0 0 rg BT 515.74 263.10 Td (weaken ) Tj ET Q q 0 0 0 rg BT 549.19 263.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.87 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.47 251.10 Td (dif) Tj ET Q q 0 0 0 rg BT 99.40 251.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 139.97 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.13 251.10 Td (of) Tj ET Q q 0 0 0 rg BT 164.28 251.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 190.97 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.58 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.61 251.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 249.70 251.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 275.30 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.45 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.61 251.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 352.64 251.10 Td (also ) Tj ET Q q 0 0 0 rg BT 371.57 251.10 Td (of) Tj ET Q q 0 0 0 rg BT 379.72 251.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 393.64 251.10 Td (services ) Tj ET Q q 0 0 0 rg BT 428.67 251.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.49 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.75 251.10 Td (per ) Tj ET Q q 0 0 0 rg BT 464.34 251.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 492.71 251.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 512.75 251.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 538.07 251.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.84 239.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 116.28 239.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 146.62 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.96 239.10 Td (ef) Tj ET Q q 0 0 0 rg BT 169.55 239.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 217.10 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.55 239.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.01 239.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 307.56 239.10 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.45 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.57 239.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 374.35 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 389.14 239.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 433.36 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.70 239.10 Td (number ) Tj ET Q q 0 0 0 rg BT 482.37 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.83 239.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.95 239.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.52 227.10 Td (If ) Tj ET Q q 0 0 0 rg BT 105.16 227.10 Td (we ) Tj ET Q q 0 0 0 rg BT 119.80 227.10 Td (are ) Tj ET Q q 0 0 0 rg BT 134.98 227.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 189.05 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.81 227.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 245.00 227.10 Td (ef) Tj ET Q q 0 0 0 rg BT 252.58 227.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 290.54 227.10 Td (by ) Tj ET Q q 0 0 0 rg BT 303.52 227.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 345.38 227.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 385.55 227.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 436.00 227.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.48 227.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 481.11 227.10 Td (service ) Tj ET Q q 0 0 0 rg BT 512.40 227.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.71 227.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 550.84 227.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 215.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 92.83 215.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 126.99 215.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 175.04 215.10 Td (users ) Tj ET Q q 0 0 0 rg BT 198.09 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.37 215.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.20 215.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 273.91 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.85 215.10 Td (our ) Tj ET Q q 0 0 0 rg BT 306.68 215.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 334.73 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.01 215.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 372.49 215.10 Td (new ) Tj ET Q q 0 0 0 rg BT 391.65 215.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 439.70 215.10 Td (users ) Tj ET Q q 0 0 0 rg BT 462.75 215.10 Td (could ) Tj ET Q q 0 0 0 rg BT 487.46 215.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.40 215.10 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 194.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 194.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.47 194.10 Td (only ) Tj ET Q q 0 0 0 rg BT 108.14 194.10 Td (of) Tj ET Q q 0 0 0 rg BT 116.29 194.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 129.28 194.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.51 194.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 191.95 194.10 Td (services ) Tj ET Q q 0 0 0 rg BT 226.05 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.72 194.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 283.16 194.10 Td (users. ) Tj ET Q q 0 0 0 rg BT 307.97 194.10 Td (There ) Tj ET Q q 0 0 0 rg BT 333.18 194.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.28 194.10 Td (many ) Tj ET Q q 0 0 0 rg BT 371.39 194.10 Td (other ) Tj ET Q q 0 0 0 rg BT 393.83 194.10 Td (service ) Tj ET Q q 0 0 0 rg BT 424.04 194.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 463.70 194.10 Td (that ) Tj ET Q q 0 0 0 rg BT 480.59 194.10 Td (of) Tj ET Q q 0 0 0 rg BT 488.74 194.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 501.73 194.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.95 194.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (users ) Tj ET Q q 0 0 0 rg BT 72.05 182.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 116.26 182.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 152.97 182.10 Td (including ) Tj ET Q q 0 0 0 rg BT 192.74 182.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 229.19 182.10 Td (-facing ) Tj ET Q q 0 0 0 rg BT 259.51 182.10 Td (websites, ) Tj ET Q q 0 0 0 rg BT 298.45 182.10 Td (document ) Tj ET Q q 0 0 0 rg BT 339.88 182.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 387.41 182.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 424.12 182.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 472.21 182.10 Td (services ) Tj ET Q q 0 0 0 rg BT 506.41 182.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.85 182.10 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.07 182.10 Td (. ) Tj ET Q q 0 0 0 rg BT 549.43 182.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 182.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (may ) Tj ET Q q 0 0 0 rg BT 68.93 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.58 170.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 133.89 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.89 170.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 188.87 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.86 170.10 Td (dif) Tj ET Q q 0 0 0 rg BT 209.79 170.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 249.75 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.30 170.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.06 170.10 Td (service ) Tj ET Q q 0 0 0 rg BT 343.59 170.10 Td (of) Tj ET Q q 0 0 0 rg BT 351.74 170.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 381.72 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.71 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.14 170.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 432.79 170.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 473.87 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.86 170.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.45 170.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 528.64 170.10 Td (compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 158.10 Td (some ) Tj ET Q q 0 0 0 rg BT 83.39 158.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.22 158.10 Td (all ) Tj ET Q q 0 0 0 rg BT 106.71 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.54 158.10 Td (these ) Tj ET Q q 0 0 0 rg BT 140.59 158.10 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 137.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.71 137.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 113.26 137.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 133.69 137.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.68 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.34 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.68 137.10 Td (only ) Tj ET Q q 0 0 0 rg BT 201.12 137.10 Td (available ) Tj ET Q q 0 0 0 rg BT 239.87 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.31 137.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 290.74 137.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 336.73 137.10 Td (using ) Tj ET Q q 0 0 0 rg BT 361.06 137.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 411.58 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 429.79 137.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 468.00 137.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 512.86 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.30 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.18 137.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 137.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 125.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 87.17 125.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 108.23 125.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.22 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.50 125.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.79 125.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 208.62 125.10 Td (users ) Tj ET Q q 0 0 0 rg BT 232.46 125.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 267.40 125.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 311.79 125.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 348.96 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.57 125.10 Td (exchanging ) Tj ET Q q 0 0 0 rg BT 409.95 125.10 Td (data ) Tj ET Q q 0 0 0 rg BT 429.90 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.62 125.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 494.23 125.10 Td (among ) Tj ET Q q 0 0 0 rg BT 524.73 125.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.72 113.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 135.81 113.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.26 113.10 Td (email, ) Tj ET Q q 0 0 0 rg BT 177.41 113.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 220.00 113.10 Td (phone, ) Tj ET Q q 0 0 0 rg BT 250.38 113.10 Td (courier ) Tj ET Q q 0 0 0 rg BT 282.14 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.02 113.10 Td (mail. ) Tj ET Q q 0 0 0 rg BT 323.74 113.10 Td (In ) Tj ET Q q 0 0 0 rg BT 335.51 113.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 374.23 113.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 415.43 113.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 462.20 113.10 Td (may ) Tj ET Q q 0 0 0 rg BT 482.86 113.10 Td (use ) Tj ET Q q 0 0 0 rg BT 499.63 113.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 545.84 113.10 Td (web ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (browsers ) Tj ET Q q 0 0 0 rg BT 88.71 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.60 101.10 Td (go ) Tj ET Q q 0 0 0 rg BT 112.70 101.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 164.14 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.02 101.10 Td (each ) Tj ET Q q 0 0 0 rg BT 196.45 101.10 Td (investor) Tj ET Q q 0 0 0 rg BT 228.26 101.10 Td (, ) Tj ET Q q 0 0 0 rg BT 233.87 101.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 261.96 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.40 101.10 Td (service ) Tj ET Q q 0 0 0 rg BT 304.82 101.10 Td (provider) Tj ET Q q 0 0 0 rg BT 339.07 101.10 Td () Tj ET Q q 0 0 0 rg BT 341.85 101.10 Td (s ) Tj ET Q q 0 0 0 rg BT 348.85 101.10 Td (website ) Tj ET Q q 0 0 0 rg BT 382.50 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.05 101.10 Td (then ) Tj ET Q q 0 0 0 rg BT 420.37 101.10 Td (manually ) Tj ET Q q 0 0 0 rg BT 460.69 101.10 Td (upload ) Tj ET Q q 0 0 0 rg BT 491.01 101.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.34 101.10 Td (data ) Tj ET Q q 0 0 0 rg BT 531.10 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.54 101.10 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.59 89.10 Td (into ) Tj ET Q q 0 0 0 rg BT 116.03 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.13 89.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 165.06 89.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 205.82 89.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 251.03 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 270.13 89.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 306.44 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.10 89.10 Td (use ) Tj ET Q q 0 0 0 rg BT 331.32 89.10 Td (these ) Tj ET Q q 0 0 0 rg BT 353.75 89.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 389.51 89.10 Td (due ) Tj ET Q q 0 0 0 rg BT 405.84 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.50 89.10 Td (habit, ) Tj ET Q q 0 0 0 rg BT 439.87 89.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 475.63 89.10 Td (business ) Tj ET Q q 0 0 0 rg BT 511.41 89.10 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.12 77.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 103.62 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.46 77.10 Td (success ) Tj ET Q q 0 0 0 rg BT 153.74 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.37 77.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.87 77.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 200.05 77.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 220.11 77.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.39 77.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 292.45 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.74 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.36 77.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 348.21 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.28 77.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 391.10 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.83 77.10 Td (of) Tj ET Q q 0 0 0 rg BT 415.98 77.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 429.37 77.10 Td (access ) Tj ET Q q 0 0 0 rg BT 457.20 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.27 77.10 Td (both ) Tj ET Q q 0 0 0 rg BT 487.34 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.85 77.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 531.90 77.10 Td (mass ) Tj ET Q q 0 0 0 rg BT 554.19 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 90.99 65.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 122.75 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.07 65.10 Td (service ) Tj ET Q q 0 0 0 rg BT 171.27 65.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 211.92 65.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 253.67 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.33 65.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 292.19 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.51 65.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 335.16 65.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 375.81 65.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 422.01 65.10 Td (using ) Tj ET Q q 0 0 0 rg BT 446.56 65.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 494.99 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 507.88 65.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.98 65.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.74 65.10 Td (Mae ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.35 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.65 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.72 740.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 146.34 740.10 Td (mass ) Tj ET Q q 0 0 0 rg BT 168.20 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.39 740.10 Td (active ) Tj ET Q q 0 0 0 rg BT 204.12 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 243.75 740.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 288.93 740.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 329.66 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.29 740.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 366.13 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.43 740.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 407.05 740.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 447.52 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 478.26 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.56 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 524.73 740.10 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 728.10 Td (network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 98.93 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.91 707.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.89 707.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 152.41 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.49 707.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.13 707.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 256.99 707.10 Td (have ) Tj ET Q q 0 0 0 rg BT 278.52 707.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 306.72 707.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.13 707.10 Td (histories ) Tj ET Q q 0 0 0 rg BT 383.66 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.75 707.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 453.39 707.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 483.79 707.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 523.92 707.10 Td (technical, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 92.86 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.12 695.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.49 695.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 174.07 695.10 Td (than ) Tj ET Q q 0 0 0 rg BT 194.11 695.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.59 695.10 Td (do ) Tj ET Q q 0 0 0 rg BT 221.41 695.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 241.17 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.32 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.58 695.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 287.12 695.10 Td (these ) Tj ET Q q 0 0 0 rg BT 310.49 695.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 356.07 695.10 Td (may ) Tj ET Q q 0 0 0 rg BT 376.11 695.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.37 695.10 Td (able ) Tj ET Q q 0 0 0 rg BT 407.85 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.45 695.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 452.93 695.10 Td (more ) Tj ET Q q 0 0 0 rg BT 476.30 695.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 509.11 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.71 695.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.74 695.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.96 683.10 Td (new ) Tj ET Q q 0 0 0 rg BT 118.14 683.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 171.21 683.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.06 683.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 221.24 683.10 Td (demands, ) Tj ET Q q 0 0 0 rg BT 261.81 683.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.66 683.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 301.84 683.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.12 683.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 372.40 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.70 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.44 683.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 454.12 683.10 Td (promotion ) Tj ET Q q 0 0 0 rg BT 498.30 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.27 683.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 533.34 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 683.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (software ) Tj ET Q q 0 0 0 rg BT 85.86 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.24 671.10 Td (services ) Tj ET Q q 0 0 0 rg BT 136.38 671.10 Td (than ) Tj ET Q q 0 0 0 rg BT 155.54 671.10 Td (we ) Tj ET Q q 0 0 0 rg BT 169.13 671.10 Td (can. ) Tj ET Q q 0 0 0 rg BT 187.44 671.10 Td (In ) Tj ET Q q 0 0 0 rg BT 197.71 671.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 234.92 671.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.52 671.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.67 671.10 Td (face ) Tj ET Q q 0 0 0 rg BT 286.25 671.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 325.94 671.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 375.65 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.91 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.29 671.10 Td (result ) Tj ET Q q 0 0 0 rg BT 416.44 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 671.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 471.41 671.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 506.13 671.10 Td (consolidation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.81 659.10 Td (as: ) Tj ET Q q 0 0 0 rg BT 86.02 659.10 Td (Altisource ) Tj ET Q q 0 0 0 rg BT 131.66 659.10 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 171.20 659.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 212.97 659.10 Td (SA) Tj ET Q q 0 0 0 rg BT 224.64 659.10 Td () Tj ET Q q 0 0 0 rg BT 227.42 659.10 Td (s ) Tj ET Q q 0 0 0 rg BT 235.29 659.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 283.16 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.47 659.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 338.33 659.10 Td (Builder ) Tj ET Q q 0 0 0 rg BT 372.30 659.10 Td (Software, ) Tj ET Q q 0 0 0 rg BT 414.88 659.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 434.13 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.89 659.10 Td (July ) Tj ET Q q 0 0 0 rg BT 466.54 659.10 Td (2014; ) Tj ET Q q 0 0 0 rg BT 492.42 659.10 Td (Accenture ) Tj ET Q q 0 0 0 rg BT 537.49 659.10 Td (PLC) Tj ET Q q 0 0 0 rg BT 558.61 659.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.94 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.82 647.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 148.25 647.10 Td (Cadence ) Tj ET Q q 0 0 0 rg BT 185.23 647.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 206.67 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.44 647.10 Td (August ) Tj ET Q q 0 0 0 rg BT 247.88 647.10 Td (2013; ) Tj ET Q q 0 0 0 rg BT 273.21 647.10 Td (DH ) Tj ET Q q 0 0 0 rg BT 290.21 647.10 Td (Corporation) Tj ET Q q 0 0 0 rg BT 341.31 647.10 Td (s ) Tj ET Q q 0 0 0 rg BT 347.76 647.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 398.09 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.97 647.10 Td (Harland ) Tj ET Q q 0 0 0 rg BT 443.73 647.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 483.50 647.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 523.84 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.61 647.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 74.09 635.10 Td (Mortgagebot ) Tj ET Q q 0 0 0 rg BT 127.83 635.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 148.81 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.21 635.10 Td (April ) Tj ET Q q 0 0 0 rg BT 181.41 635.10 Td (201) Tj ET Q q 0 0 0 rg BT 196.04 635.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 203.13 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.20 635.10 Td (A) Tj ET Q q 0 0 0 rg BT 225.67 635.10 Td (vista ) Tj ET Q q 0 0 0 rg BT 246.65 635.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 289.03 635.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 306.38 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.25 635.10 Td (May ) Tj ET Q q 0 0 0 rg BT 336.67 635.10 Td (2012; ) Tj ET Q q 0 0 0 rg BT 361.54 635.10 Td (Optimal ) Tj ET Q q 0 0 0 rg BT 396.40 635.10 Td (Blue, ) Tj ET Q q 0 0 0 rg BT 419.88 635.10 Td (Inc.) Tj ET Q q 0 0 0 rg BT 437.92 635.10 Td (s ) Tj ET Q q 0 0 0 rg BT 443.90 635.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 489.87 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.29 635.10 Td (LoanSifter) Tj ET Q q 0 0 0 rg BT 542.66 635.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.25 635.10 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.38 623.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.57 623.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 127.68 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.22 623.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 179.44 623.10 Td (National ) Tj ET Q q 0 0 0 rg BT 216.97 623.10 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 259.79 623.10 Td (Inc.) Tj ET Q q 0 0 0 rg BT 277.84 623.10 Td (s ) Tj ET Q q 0 0 0 rg BT 284.83 623.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 331.82 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.25 623.10 Td (Lender ) Tj ET Q q 0 0 0 rg BT 374.67 623.10 Td (Processing ) Tj ET Q q 0 0 0 rg BT 421.11 623.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 460.59 623.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 478.96 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.85 623.10 Td (January ) Tj ET Q q 0 0 0 rg BT 524.05 623.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 549.43 623.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 623.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.05 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.72 611.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 132.94 611.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 179.27 611.10 Td (market ) Tj ET Q q 0 0 0 rg BT 209.49 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.72 611.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 256.61 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.84 611.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 294.27 611.10 Td (new ) Tj ET Q q 0 0 0 rg BT 313.39 611.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 363.05 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.94 611.10 Td (there ) Tj ET Q q 0 0 0 rg BT 402.38 611.10 Td (can ) Tj ET Q q 0 0 0 rg BT 418.71 611.10 Td (be ) Tj ET Q q 0 0 0 rg BT 430.61 611.10 Td (no ) Tj ET Q q 0 0 0 rg BT 443.06 611.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 484.38 611.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.83 611.10 Td (we ) Tj ET Q q 0 0 0 rg BT 515.94 611.10 Td (will ) Tj ET Q q 0 0 0 rg BT 533.95 611.10 Td (be ) Tj ET Q q 0 0 0 rg BT 545.85 611.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.82 599.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 96.23 599.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 147.65 599.10 Td (against ) Tj ET Q q 0 0 0 rg BT 178.51 599.10 Td (current ) Tj ET Q q 0 0 0 rg BT 209.37 599.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.24 599.10 Td (future ) Tj ET Q q 0 0 0 rg BT 246.66 599.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 296.41 599.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.28 599.10 Td (that ) Tj ET Q q 0 0 0 rg BT 324.82 599.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 374.56 599.10 Td (pressures ) Tj ET Q q 0 0 0 rg BT 414.32 599.10 Td (we ) Tj ET Q q 0 0 0 rg BT 428.52 599.10 Td (face ) Tj ET Q q 0 0 0 rg BT 447.70 599.10 Td (will ) Tj ET Q q 0 0 0 rg BT 465.80 599.10 Td (not ) Tj ET Q q 0 0 0 rg BT 481.12 599.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 524.20 599.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 587.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 587.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 587.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.18 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.52 566.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 118.86 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.20 566.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 187.32 566.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 223.77 566.10 Td (may ) Tj ET Q q 0 0 0 rg BT 243.55 566.10 Td (render ) Tj ET Q q 0 0 0 rg BT 273.33 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.35 566.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 337.91 566.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 373.80 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.25 566.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 423.35 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.69 566.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 497.36 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.25 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.26 566.10 Td (solutions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 554.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.73 554.10 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 533.10 Td (If ) Tj ET Q q 0 0 0 rg BT 83.85 533.10 Td (new ) Tj ET Q q 0 0 0 rg BT 104.20 533.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 140.67 533.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 182.13 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.26 533.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 239.48 533.10 Td (emer) Tj ET Q q 0 0 0 rg BT 259.29 533.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 274.91 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.93 533.10 Td (if ) Tj ET Q q 0 0 0 rg BT 296.73 533.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 347.64 533.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 389.09 533.10 Td (new ) Tj ET Q q 0 0 0 rg BT 409.44 533.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 449.25 533.10 Td (embodying ) Tj ET Q q 0 0 0 rg BT 497.93 533.10 Td (new ) Tj ET Q q 0 0 0 rg BT 518.29 533.10 Td (services ) Tj ET Q q 0 0 0 rg BT 554.18 533.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 105.50 521.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 154.01 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.42 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.60 521.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 208.44 521.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 229.17 521.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.16 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.13 521.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 314.52 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.70 521.10 Td (become ) Tj ET Q q 0 0 0 rg BT 368.76 521.10 Td (obsolete. ) Tj ET Q q 0 0 0 rg BT 407.55 521.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.06 521.10 Td (future ) Tj ET Q q 0 0 0 rg BT 452.90 521.10 Td (success ) Tj ET Q q 0 0 0 rg BT 485.85 521.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.37 521.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 536.21 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 521.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.55 509.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 492.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 492.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 140.80 492.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.63 492.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 190.80 492.10 Td (solutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 475.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 475.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 139.30 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.84 475.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 200.71 475.10 Td (license ) Tj ET Q q 0 0 0 rg BT 230.57 475.10 Td (new ) Tj ET Q q 0 0 0 rg BT 249.33 475.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 287.55 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.09 475.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 356.73 475.10 Td (that ) Tj ET Q q 0 0 0 rg BT 373.83 475.10 Td (address ) Tj ET Q q 0 0 0 rg BT 405.92 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.23 475.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 445.10 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.53 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.96 475.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 519.15 475.10 Td (customers; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 463.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 446.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 446.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 139.71 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.99 446.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 184.70 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.97 446.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 230.25 446.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 270.52 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.46 446.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 325.49 446.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.99 446.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.93 446.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 371.96 446.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 401.66 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.60 446.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 446.65 446.10 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.76 425.10 Td (must ) Tj ET Q q 0 0 0 rg BT 112.39 425.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 150.01 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.98 425.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 196.92 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.32 425.10 Td (features ) Tj ET Q q 0 0 0 rg BT 247.15 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.77 425.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 319.06 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.57 425.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 381.80 425.10 Td (other ) Tj ET Q q 0 0 0 rg BT 405.53 425.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 454.27 425.10 Td (services ) Tj ET Q q 0 0 0 rg BT 489.66 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.28 425.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.68 425.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.75 425.10 Td (Mae ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.56 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.89 413.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.47 413.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 145.45 413.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 201.25 413.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 242.90 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.11 413.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 307.87 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.98 413.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 369.80 413.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 418.12 413.10 Td (services ) Tj ET Q q 0 0 0 rg BT 453.10 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.32 413.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.31 413.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.97 413.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 413.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 413.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 105.09 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.03 401.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 148.53 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.04 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.10 401.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 215.37 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.54 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.61 401.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 273.89 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.40 401.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 310.11 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.29 401.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 350.78 401.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 398.06 401.10 Td (users ) Tj ET Q q 0 0 0 rg BT 420.34 401.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.52 401.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 457.13 401.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 476.63 401.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.62 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.35 401.10 Td (participants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.46 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 72.41 389.10 Td (do ) Tj ET Q q 0 0 0 rg BT 84.71 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 99.78 389.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 136.51 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.59 389.10 Td (make ) Tj ET Q q 0 0 0 rg BT 170.54 389.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 220.61 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.69 389.10 Td (product ) Tj ET Q q 0 0 0 rg BT 263.53 389.10 Td (development ) Tj ET Q q 0 0 0 rg BT 317.48 389.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 336.71 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.34 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.07 389.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 381.08 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 391.71 389.10 Td (due ) Tj ET Q q 0 0 0 rg BT 408.45 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.52 389.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.36 389.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 476.15 389.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 491.77 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.85 389.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 529.12 389.10 Td (new ) Tj ET Q q 0 0 0 rg BT 548.08 389.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 73.95 377.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 107.31 377.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 146.76 377.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 194.28 377.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 227.34 377.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 265.14 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.27 377.10 Td (service ) Tj ET Q q 0 0 0 rg BT 311.27 377.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 353.23 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.58 377.10 Td (may ) Tj ET Q q 0 0 0 rg BT 385.49 377.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 403.28 377.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.64 377.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 457.21 377.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 476.67 377.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.66 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.35 377.10 Td (participants, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.40 365.10 Td (could ) Tj ET Q q 0 0 0 rg BT 103.07 365.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 156.52 365.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 194.40 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.07 365.10 Td (value ) Tj ET Q q 0 0 0 rg BT 235.19 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.98 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 365.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 285.00 365.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 306.22 365.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.21 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.67 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.91 365.10 Td (all ) Tj ET Q q 0 0 0 rg BT 369.37 365.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 419.48 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.37 365.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 481.37 365.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 523.15 365.10 Td (af) Tj ET Q q 0 0 0 rg BT 530.73 365.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 365.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.12 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.40 332.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 140.33 332.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 171.16 332.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.11 332.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 236.72 332.10 Td (property ) Tj ET Q q 0 0 0 rg BT 273.66 332.10 Td (could ) Tj ET Q q 0 0 0 rg BT 298.93 332.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 323.67 332.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.62 332.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.12 311.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 135.73 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.14 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.54 311.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 211.04 311.10 Td (property ) Tj ET Q q 0 0 0 rg BT 247.99 311.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 276.34 311.10 Td (including ) Tj ET Q q 0 0 0 rg BT 317.18 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.59 311.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 381.08 311.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 429.70 311.10 Td (software ) Tj ET Q q 0 0 0 rg BT 467.20 311.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.72 311.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.67 311.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 311.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 311.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.28 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 98.67 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.22 299.10 Td (crucial ) Tj ET Q q 0 0 0 rg BT 138.30 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.96 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.06 299.10 Td (success ) Tj ET Q q 0 0 0 rg BT 196.93 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.14 299.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.35 299.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 263.41 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.05 299.10 Td (e ) Tj ET Q q 0 0 0 rg BT 279.37 299.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 297.80 299.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.68 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.00 299.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 370.87 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.08 299.10 Td (patent, ) Tj ET Q q 0 0 0 rg BT 411.89 299.10 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 455.60 299.10 Td (trademark ) Tj ET Q q 0 0 0 rg BT 499.01 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.33 299.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 539.20 299.10 Td (secret ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (law ) Tj ET Q q 0 0 0 rg BT 67.54 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.59 287.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 133.61 287.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 181.65 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.04 287.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 224.41 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.34 287.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 289.37 287.10 Td (property) Tj ET Q q 0 0 0 rg BT 322.60 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 328.71 287.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 347.86 287.10 Td (present ) Tj ET Q q 0 0 0 rg BT 380.35 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.39 287.10 Td (future ) Tj ET Q q 0 0 0 rg BT 425.87 287.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 457.81 287.10 Td (may ) Tj ET Q q 0 0 0 rg BT 478.63 287.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 512.78 287.10 Td (only ) Tj ET Q q 0 0 0 rg BT 534.17 287.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 92.08 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.78 275.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.15 275.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 167.62 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.10 275.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.35 275.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.17 275.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.65 275.10 Td (suf) Tj ET Q q 0 0 0 rg BT 241.69 275.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 269.27 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.08 275.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 311.67 275.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 360.92 275.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 403.49 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.30 275.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 426.73 275.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 481.26 275.10 Td (we ) Tj ET Q q 0 0 0 rg BT 494.96 275.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 523.65 275.10 Td (guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (any ) Tj ET Q q 0 0 0 rg BT 65.60 263.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 95.59 263.10 Td (will ) Tj ET Q q 0 0 0 rg BT 112.81 263.10 Td (be ) Tj ET Q q 0 0 0 rg BT 123.91 263.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 150.57 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.01 263.10 Td (us ) Tj ET Q q 0 0 0 rg BT 170.56 263.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.55 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.65 263.10 Td (result ) Tj ET Q q 0 0 0 rg BT 210.53 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.52 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.51 263.10 Td (patent ) Tj ET Q q 0 0 0 rg BT 261.61 263.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 313.97 263.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.61 263.10 Td (e ) Tj ET Q q 0 0 0 rg BT 328.71 263.10 Td (also ) Tj ET Q q 0 0 0 rg BT 346.48 263.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 363.69 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.13 263.10 Td (part ) Tj ET Q q 0 0 0 rg BT 390.34 263.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.00 263.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 461.97 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.07 263.10 Td (invention ) Tj ET Q q 0 0 0 rg BT 517.51 263.10 Td (assignment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.20 251.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.14 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.64 251.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 184.07 251.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 236.11 251.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 283.70 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.30 251.10 Td (consultants. ) Tj ET Q q 0 0 0 rg BT 351.97 251.10 Td (Despite ) Tj ET Q q 0 0 0 rg BT 385.68 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.18 251.10 Td (ef) Tj ET Q q 0 0 0 rg BT 409.76 251.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 431.26 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.21 251.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 473.14 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.63 251.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 537.22 251.10 Td (rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 104.32 239.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 133.58 239.10 Td (may ) Tj ET Q q 0 0 0 rg BT 153.42 239.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 186.02 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.41 239.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 218.46 239.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 249.95 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.90 239.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.84 239.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 298.34 239.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 318.72 239.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.71 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.32 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.38 239.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 421.54 239.10 Td (features ) Tj ET Q q 0 0 0 rg BT 455.80 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.85 239.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 526.56 239.10 Td (or ) Tj ET Q q 0 0 0 rg BT 537.50 239.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 227.10 Td (use ) Tj ET Q q 0 0 0 rg BT 82.27 227.10 Td (information ) Tj ET Q q 0 0 0 rg BT 131.98 227.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.48 227.10 Td (we ) Tj ET Q q 0 0 0 rg BT 163.64 227.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 200.01 227.10 Td (proprietary) Tj ET Q q 0 0 0 rg BT 243.79 227.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.79 227.10 Td (Enforcing ) Tj ET Q q 0 0 0 rg BT 291.27 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.10 227.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 354.03 227.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 379.30 227.10 Td (is ) Tj ET Q q 0 0 0 rg BT 388.47 227.10 Td (dif) Tj ET Q q 0 0 0 rg BT 399.40 227.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 423.01 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.94 227.10 Td (may ) Tj ET Q q 0 0 0 rg BT 459.66 227.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.94 227.10 Td (always ) Tj ET Q q 0 0 0 rg BT 505.21 227.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.15 227.10 Td (ef) Tj ET Q q 0 0 0 rg BT 524.73 227.10 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 206.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 206.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.29 206.10 Td (have ) Tj ET Q q 0 0 0 rg BT 108.88 206.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 150.02 206.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 175.05 206.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 201.47 206.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 257.61 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.76 206.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 317.13 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.29 206.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 362.20 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.25 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.29 206.10 Td (other ) Tj ET Q q 0 0 0 rg BT 409.55 206.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 455.69 206.10 Td (as ) Tj ET Q q 0 0 0 rg BT 465.73 206.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 511.87 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.36 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.29 206.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 78.81 194.10 Td (Competitors ) Tj ET Q q 0 0 0 rg BT 131.17 194.10 Td (may ) Tj ET Q q 0 0 0 rg BT 151.30 194.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 176.44 194.10 Td (service ) Tj ET Q q 0 0 0 rg BT 207.67 194.10 Td (names ) Tj ET Q q 0 0 0 rg BT 236.14 194.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 266.83 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.53 194.10 Td (ours, ) Tj ET Q q 0 0 0 rg BT 300.17 194.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 333.07 194.10 Td (impeding ) Tj ET Q q 0 0 0 rg BT 373.77 194.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.02 194.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 418.49 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.18 194.10 Td (build ) Tj ET Q q 0 0 0 rg BT 452.66 194.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 478.35 194.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 511.82 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.17 194.10 Td (possibly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 82.32 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.49 182.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 133.53 182.10 Td (confusion. ) Tj ET Q q 0 0 0 rg BT 178.86 182.10 Td (In ) Tj ET Q q 0 0 0 rg BT 190.58 182.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 229.24 182.10 Td (there ) Tj ET Q q 0 0 0 rg BT 252.62 182.10 Td (could ) Tj ET Q q 0 0 0 rg BT 278.22 182.10 Td (be ) Tj ET Q q 0 0 0 rg BT 291.05 182.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 329.43 182.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 352.80 182.10 Td (name ) Tj ET Q q 0 0 0 rg BT 377.84 182.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.56 182.10 Td (trademark ) Tj ET Q q 0 0 0 rg BT 433.48 182.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 488.52 182.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 518.02 182.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 552.51 182.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 81.11 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.16 170.10 Td (other ) Tj ET Q q 0 0 0 rg BT 115.43 170.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 157.58 170.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 204.72 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.78 170.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 262.93 170.10 Td (that ) Tj ET Q q 0 0 0 rg BT 280.64 170.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 328.90 170.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 371.06 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.11 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.05 170.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 421.99 170.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 443.60 170.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 466.59 170.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 514.86 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.91 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 541.97 170.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (trademarks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 137.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 115.04 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 125.47 137.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 175.89 137.10 Td (before ) Tj ET Q q 0 0 0 rg BT 203.53 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.84 137.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 237.73 137.10 Td (Patent ) Tj ET Q q 0 0 0 rg BT 264.82 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.21 137.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.97 137.10 Td (rademark ) Tj ET Q q 0 0 0 rg BT 326.82 137.10 Td (Of) Tj ET Q q 0 0 0 rg BT 337.19 137.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 354.28 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.71 137.10 Td (other ) Tj ET Q q 0 0 0 rg BT 387.36 137.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 444.44 137.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 488.75 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.29 137.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (bodies ) Tj ET Q q 0 0 0 rg BT 77.73 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.63 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.97 125.10 Td (United ) Tj ET Q q 0 0 0 rg BT 131.31 125.10 Td (States ) Tj ET Q q 0 0 0 rg BT 157.32 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.88 125.10 Td (abroad ) Tj ET Q q 0 0 0 rg BT 203.21 125.10 Td (may ) Tj ET Q q 0 0 0 rg BT 222.55 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.12 125.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 275.11 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.01 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.35 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 325.35 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.25 125.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 367.35 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.80 125.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 429.35 125.10 Td (property ) Tj ET Q q 0 0 0 rg BT 465.35 125.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 492.75 125.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 522.63 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.09 125.10 Td (patent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.18 113.10 Td (copyright ) Tj ET Q q 0 0 0 rg BT 106.75 113.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 134.27 113.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 156.49 113.10 Td (secrets ) Tj ET Q q 0 0 0 rg BT 185.94 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.62 113.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 234.86 113.10 Td (names ) Tj ET Q q 0 0 0 rg BT 262.64 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.32 113.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 321.55 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.00 113.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 368.80 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.48 113.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 410.49 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.06 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.52 113.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 482.18 113.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 507.20 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.77 113.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 546.95 113.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 101.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 77.23 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.83 101.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 118.62 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.77 101.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 158.35 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.49 101.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 219.73 101.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 244.33 101.10 Td (may ) Tj ET Q q 0 0 0 rg BT 263.36 101.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.62 101.10 Td (inef) Tj ET Q q 0 0 0 rg BT 289.98 101.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 319.00 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.26 101.10 Td (could ) Tj ET Q q 0 0 0 rg BT 359.29 101.10 Td (result ) Tj ET Q q 0 0 0 rg BT 383.32 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.92 101.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 437.51 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 459.32 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.58 101.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 514.61 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.76 101.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 89.10 Td (could ) Tj ET Q q 0 0 0 rg BT 91.16 89.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 114.20 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.03 89.10 Td (business.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Assertions ) Tj ET Q q 0 0 0 rg BT 94.66 740.25 Td (that ) Tj ET Q q 0 0 0 rg BT 113.15 740.25 Td (we ) Tj ET Q q 0 0 0 rg BT 126.63 740.25 Td (infringe ) Tj ET Q q 0 0 0 rg BT 162.34 740.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 209.16 740.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 257.63 740.25 Td (property ) Tj ET Q q 0 0 0 rg BT 294.44 740.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 320.71 740.25 Td (could ) Tj ET Q q 0 0 0 rg BT 345.86 740.25 Td (result ) Tj ET Q q 0 0 0 rg BT 371.57 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.28 740.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 428.55 740.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.92 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.85 740.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 523.45 740.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 548.05 740.25 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.89 707.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 126.17 707.25 Td (have ) Tj ET Q q 0 0 0 rg BT 146.67 707.25 Td (asserted, ) Tj ET Q q 0 0 0 rg BT 183.00 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.06 707.25 Td (may ) Tj ET Q q 0 0 0 rg BT 217.90 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.31 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.15 707.25 Td (future ) Tj ET Q q 0 0 0 rg BT 266.65 707.25 Td (assert, ) Tj ET Q q 0 0 0 rg BT 293.54 707.25 Td (that ) Tj ET Q q 0 0 0 rg BT 310.16 707.25 Td (we ) Tj ET Q q 0 0 0 rg BT 323.44 707.25 Td (have ) Tj ET Q q 0 0 0 rg BT 343.94 707.25 Td (infringed ) Tj ET Q q 0 0 0 rg BT 382.22 707.25 Td (their ) Tj ET Q q 0 0 0 rg BT 402.17 707.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 448.22 707.25 Td (property ) Tj ET Q q 0 0 0 rg BT 483.72 707.25 Td (rights. ) Tj ET Q q 0 0 0 rg BT 510.62 707.25 Td (For ) Tj ET Q q 0 0 0 rg BT 526.13 707.25 Td (example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.18 695.25 Td (March25, ) Tj ET Q q 0 0 0 rg BT 105.96 695.25 Td (201) Tj ET Q q 0 0 0 rg BT 120.59 695.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 130.78 695.25 Td (we ) Tj ET Q q 0 0 0 rg BT 145.12 695.25 Td (were ) Tj ET Q q 0 0 0 rg BT 167.23 695.25 Td (named ) Tj ET Q q 0 0 0 rg BT 196.57 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.69 695.25 Td (defendant ) Tj ET Q q 0 0 0 rg BT 245.80 695.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.26 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.38 695.25 Td (patent ) Tj ET Q q 0 0 0 rg BT 290.50 695.25 Td (infringement ) Tj ET Q q 0 0 0 rg BT 344.83 695.25 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 376.40 695.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 397.41 695.25 Td (by ) Tj ET Q q 0 0 0 rg BT 410.09 695.25 Td (Industry ) Tj ET Q q 0 0 0 rg BT 445.51 695.25 Td (Access ) Tj ET Q q 0 0 0 rg BT 476.52 695.25 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 530.28 695.25 Td (alleging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.83 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 82.50 683.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 130.38 683.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 149.93 683.25 Td (management ) Tj ET Q q 0 0 0 rg BT 203.35 683.25 Td (software ) Tj ET Q q 0 0 0 rg BT 240.12 683.25 Td (system ) Tj ET Q q 0 0 0 rg BT 270.23 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.01 683.25 Td (related ) Tj ET Q q 0 0 0 rg BT 316.54 683.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 360.54 683.25 Td (infringes ) Tj ET Q q 0 0 0 rg BT 398.42 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 405.19 683.25 Td (patent ) Tj ET Q q 0 0 0 rg BT 431.96 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.73 683.25 Td (on ) Tj ET Q q 0 0 0 rg BT 461.07 683.25 Td (March ) Tj ET Q q 0 0 0 rg BT 489.50 683.25 Td (19, ) Tj ET Q q 0 0 0 rg BT 504.34 683.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 529.17 683.25 Td (Industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (Access ) Tj ET Q q 0 0 0 rg BT 79.65 671.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 99.80 671.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.06 671.25 Td (second ) Tj ET Q q 0 0 0 rg BT 135.66 671.25 Td (patent ) Tj ET Q q 0 0 0 rg BT 161.92 671.25 Td (infringement ) Tj ET Q q 0 0 0 rg BT 215.39 671.25 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 246.11 671.25 Td (against ) Tj ET Q q 0 0 0 rg BT 276.26 671.25 Td (us ) Tj ET Q q 0 0 0 rg BT 286.98 671.25 Td (alleging ) Tj ET Q q 0 0 0 rg BT 321.01 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 337.83 671.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.99 671.25 Td (products ) Tj ET Q q 0 0 0 rg BT 389.26 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.52 671.25 Td (services ) Tj ET Q q 0 0 0 rg BT 439.55 671.25 Td (infringe ) Tj ET Q q 0 0 0 rg BT 473.04 671.25 Td (two ) Tj ET Q q 0 0 0 rg BT 489.86 671.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 531.68 671.25 Td (patents. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 659.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.25 659.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 94.03 659.25 Td (this ) Tj ET Q q 0 0 0 rg BT 111.15 659.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 139.36 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.81 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.71 659.25 Td (third ) Tj ET Q q 0 0 0 rg BT 186.27 659.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 217.25 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.26 659.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 253.43 659.25 Td (See ) Tj ET Q q 0 0 0 rg BT 270.54 659.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 659.25 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.33 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.33 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.22 659.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 352.22 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.68 659.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 409.79 659.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 465.23 659.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 505.12 659.25 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 554.18 659.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.36 647.25 Td (we ) Tj ET Q q 0 0 0 rg BT 103.60 647.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 144.38 647.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 169.61 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.97 647.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 225.66 647.25 Td (our ) Tj ET Q q 0 0 0 rg BT 242.57 647.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 286.70 647.25 Td (against ) Tj ET Q q 0 0 0 rg BT 318.61 647.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 341.63 647.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 371.32 647.25 Td (that ) Tj ET Q q 0 0 0 rg BT 389.89 647.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.81 647.25 Td (software ) Tj ET Q q 0 0 0 rg BT 444.82 647.25 Td (products ) Tj ET Q q 0 0 0 rg BT 482.84 647.25 Td (infringe ) Tj ET Q q 0 0 0 rg BT 518.08 647.25 Td (intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (property ) Tj ET Q q 0 0 0 rg BT 85.57 635.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 110.54 635.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.07 635.25 Td (third ) Tj ET Q q 0 0 0 rg BT 142.15 635.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 171.00 635.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 190.13 635.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.10 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.51 635.25 Td (event ) Tj ET Q q 0 0 0 rg BT 238.36 635.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.88 635.25 Td (an ) Tj ET Q q 0 0 0 rg BT 260.52 635.25 Td (infringement, ) Tj ET Q q 0 0 0 rg BT 316.86 635.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.83 635.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 357.91 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.44 635.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 399.49 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.90 635.25 Td (infringing ) Tj ET Q q 0 0 0 rg BT 456.09 635.25 Td (product ) Tj ET Q q 0 0 0 rg BT 488.83 635.25 Td (or) Tj ET Q q 0 0 0 rg BT 496.76 635.25 Td (, ) Tj ET Q q 0 0 0 rg BT 501.46 635.25 Td (if ) Tj ET Q q 0 0 0 rg BT 509.76 635.25 Td (those ) Tj ET Q q 0 0 0 rg BT 533.06 635.25 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.83 623.25 Td (not ) Tj ET Q q 0 0 0 rg BT 80.74 623.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 127.18 623.25 Td (possible, ) Tj ET Q q 0 0 0 rg BT 165.58 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 176.48 623.25 Td (refund ) Tj ET Q q 0 0 0 rg BT 205.71 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.05 623.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 240.28 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.74 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.08 623.25 Td (software, ) Tj ET Q q 0 0 0 rg BT 307.13 623.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.59 623.25 Td (pro-rated ) Tj ET Q q 0 0 0 rg BT 358.36 623.25 Td (over ) Tj ET Q q 0 0 0 rg BT 379.25 623.25 Td (a ) Tj ET Q q 0 0 0 rg BT 386.81 623.25 Td (period ) Tj ET Q q 0 0 0 rg BT 415.49 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.94 623.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 453.44 623.25 Td (W) Tj ET Q q 0 0 0 rg BT 462.08 623.25 Td (e ) Tj ET Q q 0 0 0 rg BT 469.64 623.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 499.42 623.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 530.31 623.25 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (assertions ) Tj ET Q q 0 0 0 rg BT 90.95 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.29 611.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 146.07 611.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 192.51 611.25 Td (property ) Tj ET Q q 0 0 0 rg BT 228.40 611.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 253.19 611.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.53 611.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 291.65 611.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 320.88 611.25 Td (from ) Tj ET Q q 0 0 0 rg BT 342.33 611.25 Td (such ) Tj ET Q q 0 0 0 rg BT 362.68 611.25 Td (assertions ) Tj ET Q q 0 0 0 rg BT 404.13 611.25 Td (will ) Tj ET Q q 0 0 0 rg BT 421.70 611.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 474.26 611.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 496.82 611.25 Td (our ) Tj ET Q q 0 0 0 rg BT 512.17 611.25 Td (business ) Tj ET Q q 0 0 0 rg BT 548.07 611.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.90 599.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 123.14 599.25 Td (If ) Tj ET Q q 0 0 0 rg BT 133.43 599.25 Td (we ) Tj ET Q q 0 0 0 rg BT 148.72 599.25 Td (are ) Tj ET Q q 0 0 0 rg BT 164.56 599.25 Td (forced ) Tj ET Q q 0 0 0 rg BT 193.73 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.14 599.25 Td (defend ) Tj ET Q q 0 0 0 rg BT 235.98 599.25 Td (against ) Tj ET Q q 0 0 0 rg BT 267.93 599.25 Td (any ) Tj ET Q q 0 0 0 rg BT 286.00 599.25 Td (infringement ) Tj ET Q q 0 0 0 rg BT 341.29 599.25 Td (claims, ) Tj ET Q q 0 0 0 rg BT 373.52 599.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 409.36 599.25 Td (they ) Tj ET Q q 0 0 0 rg BT 430.21 599.25 Td (are ) Tj ET Q q 0 0 0 rg BT 446.05 599.25 Td (with ) Tj ET Q q 0 0 0 rg BT 467.46 599.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.42 599.25 Td (without ) Tj ET Q q 0 0 0 rg BT 513.61 599.25 Td (merit ) Tj ET Q q 0 0 0 rg BT 538.34 599.25 Td (or ) Tj ET Q q 0 0 0 rg BT 550.31 599.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.62 587.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.53 587.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.99 587.25 Td (favor) Tj ET Q q 0 0 0 rg BT 145.69 587.25 Td (, ) Tj ET Q q 0 0 0 rg BT 151.33 587.25 Td (we ) Tj ET Q q 0 0 0 rg BT 166.12 587.25 Td (may ) Tj ET Q q 0 0 0 rg BT 186.47 587.25 Td (face ) Tj ET Q q 0 0 0 rg BT 206.25 587.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 233.27 587.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 272.52 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.09 587.25 Td (diversion ) Tj ET Q q 0 0 0 rg BT 330.44 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.91 587.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 381.13 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.70 587.25 Td (management ) Tj ET Q q 0 0 0 rg BT 452.93 587.25 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 497.44 587.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 553.06 587.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.36 575.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 121.11 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.76 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.52 575.25 Td (dispute ) Tj ET Q q 0 0 0 rg BT 172.73 575.25 Td (may ) Tj ET Q q 0 0 0 rg BT 193.26 575.25 Td (require ) Tj ET Q q 0 0 0 rg BT 224.90 575.25 Td (us ) Tj ET Q q 0 0 0 rg BT 237.11 575.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 250.99 575.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 268.75 575.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 309.55 575.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 355.64 575.25 Td (including ) Tj ET Q q 0 0 0 rg BT 396.74 575.25 Td (treble ) Tj ET Q q 0 0 0 rg BT 422.82 575.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 461.13 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.88 575.25 Td (attorneys) Tj ET Q q 0 0 0 rg BT 518.13 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 521.45 575.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 540.87 575.25 Td (if ) Tj ET Q q 0 0 0 rg BT 550.30 575.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (infringement ) Tj ET Q q 0 0 0 rg BT 104.40 563.25 Td (were ) Tj ET Q q 0 0 0 rg BT 127.09 563.25 Td (found ) Tj ET Q q 0 0 0 rg BT 153.67 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.70 563.25 Td (be ) Tj ET Q q 0 0 0 rg BT 177.39 563.25 Td (willful; ) Tj ET Q q 0 0 0 rg BT 210.09 563.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 234.99 563.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 277.13 563.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 316.50 563.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.75 563.25 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 374.65 563.25 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 423.44 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.91 563.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 486.59 563.25 Td (property ) Tj ET Q q 0 0 0 rg BT 523.72 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.30 563.25 Td (others; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (expend ) Tj ET Q q 0 0 0 rg BT 79.89 551.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.39 551.25 Td (development ) Tj ET Q q 0 0 0 rg BT 174.55 551.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 213.82 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.11 551.25 Td (redesign ) Tj ET Q q 0 0 0 rg BT 258.49 551.25 Td (or ) Tj ET Q q 0 0 0 rg BT 268.33 551.25 Td (re-engineer ) Tj ET Q q 0 0 0 rg BT 315.37 551.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.21 551.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 367.83 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.78 551.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 422.23 551.25 Td (if ) Tj ET Q q 0 0 0 rg BT 429.85 551.25 Td (feasible; ) Tj ET Q q 0 0 0 rg BT 465.23 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.18 551.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 502.68 551.25 Td (into ) Tj ET Q q 0 0 0 rg BT 519.74 551.25 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 99.89 539.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 130.86 539.25 Td (or ) Tj ET Q q 0 0 0 rg BT 141.83 539.25 Td (license ) Tj ET Q q 0 0 0 rg BT 172.24 539.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 220.41 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.83 539.25 Td (order ) Tj ET Q q 0 0 0 rg BT 254.57 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.99 539.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 292.62 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.48 539.25 Td (right ) Tj ET Q q 0 0 0 rg BT 329.01 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.42 539.25 Td (use ) Tj ET Q q 0 0 0 rg BT 355.40 539.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 396.90 539.25 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 452.40 539.25 Td (W) Tj ET Q q 0 0 0 rg BT 461.03 539.25 Td (e ) Tj ET Q q 0 0 0 rg BT 468.11 539.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 497.41 539.25 Td (be ) Tj ET Q q 0 0 0 rg BT 509.49 539.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 539.33 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 539.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 86.77 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.94 527.25 Td (any ) Tj ET Q q 0 0 0 rg BT 115.22 527.25 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 156.04 527.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 176.10 527.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 207.27 527.25 Td (or ) Tj ET Q q 0 0 0 rg BT 218.44 527.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 257.38 527.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 304.36 527.25 Td (if ) Tj ET Q q 0 0 0 rg BT 313.31 527.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 351.96 527.25 Td (may ) Tj ET Q q 0 0 0 rg BT 372.02 527.25 Td (not ) Tj ET Q q 0 0 0 rg BT 387.64 527.25 Td (be ) Tj ET Q q 0 0 0 rg BT 399.91 527.25 Td (available ) Tj ET Q q 0 0 0 rg BT 438.84 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.46 527.25 Td (us ) Tj ET Q q 0 0 0 rg BT 461.19 527.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.03 527.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 519.06 527.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 544.11 527.25 Td (or ) Tj ET Q q 0 0 0 rg BT 555.28 527.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (all. ) Tj ET Q q 0 0 0 rg BT 64.60 515.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 82.76 515.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 111.46 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.84 515.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 149.44 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.26 515.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 205.73 515.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 239.99 515.25 Td (or ) Tj ET Q q 0 0 0 rg BT 250.93 515.25 Td (other ) Tj ET Q q 0 0 0 rg BT 274.08 515.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 299.46 515.25 Td (could ) Tj ET Q q 0 0 0 rg BT 324.29 515.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 356.88 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.70 515.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 389.85 515.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.78 515.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 449.50 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.44 515.25 Td (some ) Tj ET Q q 0 0 0 rg BT 484.15 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.09 515.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.02 515.25 Td (products ) Tj ET Q q 0 0 0 rg BT 548.06 515.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 503.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 103.65 503.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 144.73 503.25 Td (could ) Tj ET Q q 0 0 0 rg BT 169.45 503.25 Td (have ) Tj ET Q q 0 0 0 rg BT 190.82 503.25 Td (a ) Tj ET Q q 0 0 0 rg BT 197.76 503.25 Td (material ) Tj ET Q q 0 0 0 rg BT 233.02 503.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 266.06 503.25 Td (ef) Tj ET Q q 0 0 0 rg BT 273.65 503.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 291.13 503.25 Td (on ) Tj ET Q q 0 0 0 rg BT 303.63 503.25 Td (our ) Tj ET Q q 0 0 0 rg BT 319.46 503.25 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (If ) Tj ET Q q 0 0 0 rg BT 60.09 482.25 Td (we ) Tj ET Q q 0 0 0 rg BT 74.57 482.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 91.83 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.98 482.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 143.59 482.25 Td (proper ) Tj ET Q q 0 0 0 rg BT 174.18 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.12 482.25 Td (ef) Tj ET Q q 0 0 0 rg BT 200.70 482.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 230.72 482.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 266.88 482.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 306.09 482.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.91 482.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 352.83 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.98 482.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 400.69 482.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 439.60 482.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.20 482.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 526.91 482.25 Td (could ) Tj ET Q q 0 0 0 rg BT 553.06 482.25 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 91.58 470.25 Td (which ) Tj ET Q q 0 0 0 rg BT 119.50 470.25 Td (could ) Tj ET Q q 0 0 0 rg BT 145.19 470.25 Td (result ) Tj ET Q q 0 0 0 rg BT 171.44 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.70 470.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.61 470.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 209.08 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.33 470.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 256.02 470.25 Td (confidence ) Tj ET Q q 0 0 0 rg BT 303.91 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.17 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 332.53 470.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.67 470.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 406.98 470.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 453.78 470.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 493.36 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.05 470.25 Td (remediate ) Tj ET Q q 0 0 0 rg BT 547.50 470.25 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 84.79 458.25 Td (control ) Tj ET Q q 0 0 0 rg BT 116.74 458.25 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 167.55 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.61 458.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 229.22 458.25 Td (have ) Tj ET Q q 0 0 0 rg BT 251.16 458.25 Td (an ) Tj ET Q q 0 0 0 rg BT 264.22 458.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 297.82 458.25 Td (ef) Tj ET Q q 0 0 0 rg BT 305.40 458.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 322.89 458.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.95 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.23 458.25 Td (market ) Tj ET Q q 0 0 0 rg BT 382.62 458.25 Td (price ) Tj ET Q q 0 0 0 rg BT 405.66 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.49 458.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.45 458.25 Td (common ) Tj ET Q q 0 0 0 rg BT 471.50 458.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 437.25 Td (As ) Tj ET Q q 0 0 0 rg BT 87.43 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 94.68 437.25 Td (publicly-traded ) Tj ET Q q 0 0 0 rg BT 158.59 437.25 Td (company) Tj ET Q q 0 0 0 rg BT 194.59 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 199.91 437.25 Td (we ) Tj ET Q q 0 0 0 rg BT 214.38 437.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.40 437.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 260.54 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.14 437.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 320.04 437.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 343.13 437.25 Td (among ) Tj ET Q q 0 0 0 rg BT 373.17 437.25 Td (other ) Tj ET Q q 0 0 0 rg BT 396.53 437.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 446.28 437.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 479.09 437.25 Td (404 ) Tj ET Q q 0 0 0 rg BT 496.90 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.05 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.08 437.25 Td (Sarbanes-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 75.99 425.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 93.06 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.02 425.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 129.15 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 140.11 425.25 Td (SOX, ) Tj ET Q q 0 0 0 rg BT 165.25 425.25 Td (which ) Tj ET Q q 0 0 0 rg BT 192.32 425.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 227.15 425.25 Td (that ) Tj ET Q q 0 0 0 rg BT 244.78 425.25 Td (we ) Tj ET Q q 0 0 0 rg BT 259.07 425.25 Td (test ) Tj ET Q q 0 0 0 rg BT 275.59 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.55 425.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 324.72 425.25 Td (control ) Tj ET Q q 0 0 0 rg BT 355.68 425.25 Td (over ) Tj ET Q q 0 0 0 rg BT 376.08 425.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.69 425.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.97 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.04 425.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 513.22 425.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 548.07 425.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 99.02 413.25 Td (Ensuring ) Tj ET Q q 0 0 0 rg BT 138.29 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 156.44 413.25 Td (we ) Tj ET Q q 0 0 0 rg BT 171.26 413.25 Td (have ) Tj ET Q q 0 0 0 rg BT 193.29 413.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 231.98 413.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.68 413.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.82 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.41 413.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 368.44 413.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 403.81 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.41 413.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 468.43 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 479.37 413.25 Td (place ) Tj ET Q q 0 0 0 rg BT 503.62 413.25 Td (so ) Tj ET Q q 0 0 0 rg BT 515.67 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 533.82 413.25 Td (we ) Tj ET Q q 0 0 0 rg BT 548.64 413.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 83.10 401.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 117.80 401.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.18 401.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 197.79 401.25 Td (on ) Tj ET Q q 0 0 0 rg BT 209.18 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 215.02 401.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 241.97 401.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 263.36 401.25 Td (is ) Tj ET Q q 0 0 0 rg BT 271.43 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 277.26 401.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 302.55 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.38 401.25 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 384.77 401.25 Td (ef) Tj ET Q q 0 0 0 rg BT 392.36 401.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 408.19 401.25 Td (that ) Tj ET Q q 0 0 0 rg BT 424.58 401.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 448.75 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.92 401.25 Td (be ) Tj ET Q q 0 0 0 rg BT 468.76 401.25 Td (re-evaluated ) Tj ET Q q 0 0 0 rg BT 519.56 401.25 Td (frequently) Tj ET Q q 0 0 0 rg BT 560.01 401.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.89 389.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 116.81 389.25 Td (with ) Tj ET Q q 0 0 0 rg BT 137.43 389.25 Td (SOX ) Tj ET Q q 0 0 0 rg BT 160.27 389.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 195.32 389.25 Td (that ) Tj ET Q q 0 0 0 rg BT 213.15 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 227.64 389.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 251.03 389.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 296.64 389.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 331.68 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.96 389.25 Td (expend ) Tj ET Q q 0 0 0 rg BT 380.67 389.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 425.72 389.25 Td (management ) Tj ET Q q 0 0 0 rg BT 479.65 389.25 Td (time ) Tj ET Q q 0 0 0 rg BT 500.26 389.25 Td (on ) Tj ET Q q 0 0 0 rg BT 513.09 389.25 Td (compliance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.78 377.25 Td (issues. ) Tj ET Q q 0 0 0 rg BT 107.26 377.25 Td (If ) Tj ET Q q 0 0 0 rg BT 116.00 377.25 Td (we ) Tj ET Q q 0 0 0 rg BT 129.74 377.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 145.15 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.01 377.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 187.62 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.14 377.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 241.21 377.25 Td (an ) Tj ET Q q 0 0 0 rg BT 252.73 377.25 Td (ef) Tj ET Q q 0 0 0 rg BT 260.32 377.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 289.60 377.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 322.23 377.25 Td (control ) Tj ET Q q 0 0 0 rg BT 352.63 377.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 407.76 377.25 Td (we ) Tj ET Q q 0 0 0 rg BT 421.50 377.25 Td (could ) Tj ET Q q 0 0 0 rg BT 445.80 377.25 Td (suf) Tj ET Q q 0 0 0 rg BT 457.84 377.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 471.02 377.25 Td (material ) Tj ET Q q 0 0 0 rg BT 505.86 377.25 Td (misstatements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.45 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 74.95 365.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.10 365.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 156.48 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.09 365.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 188.59 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.54 365.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 220.14 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.64 365.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 274.47 365.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 323.58 365.25 Td (which ) Tj ET Q q 0 0 0 rg BT 350.19 365.25 Td (would ) Tj ET Q q 0 0 0 rg BT 377.36 365.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 402.30 365.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 426.68 365.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 464.96 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.91 365.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 493.19 365.25 Td (confidence ) Tj ET Q q 0 0 0 rg BT 539.22 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 365.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 84.17 353.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.51 353.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 171.48 353.25 Td (This ) Tj ET Q q 0 0 0 rg BT 190.62 353.25 Td (could ) Tj ET Q q 0 0 0 rg BT 214.19 353.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 236.10 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.78 353.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.90 353.25 Td (results ) Tj ET Q q 0 0 0 rg BT 317.37 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.17 353.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 351.18 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.31 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.11 353.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 396.34 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.48 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 420.16 353.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 442.63 353.25 Td (price. ) Tj ET Q q 0 0 0 rg BT 466.17 353.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 516.07 353.25 Td (, ) Tj ET Q q 0 0 0 rg BT 519.93 353.25 Td (inef) Tj ET Q q 0 0 0 rg BT 535.30 353.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.47 341.25 Td (control ) Tj ET Q q 0 0 0 rg BT 113.22 341.25 Td (over ) Tj ET Q q 0 0 0 rg BT 133.41 341.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.82 341.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 209.90 341.25 Td (could ) Tj ET Q q 0 0 0 rg BT 234.54 341.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 264.74 341.25 Td (us ) Tj ET Q q 0 0 0 rg BT 276.05 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.26 341.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 326.44 341.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 343.86 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.62 341.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 378.14 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.90 341.25 Td (misuse ) Tj ET Q q 0 0 0 rg BT 419.10 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.86 341.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 470.04 341.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 495.80 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.66 341.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 543.41 341.25 Td (us ) Tj ET Q q 0 0 0 rg BT 554.73 341.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 87.94 329.25 Td (delisting ) Tj ET Q q 0 0 0 rg BT 125.83 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 148.72 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.39 329.25 Td (New ) Tj ET Q q 0 0 0 rg BT 186.21 329.25 Td (Y) Tj ET Q q 0 0 0 rg BT 192.43 329.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 209.21 329.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 235.44 329.25 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 280.81 329.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 325.35 329.25 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 386.85 329.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 408.08 329.25 Td (or ) Tj ET Q q 0 0 0 rg BT 419.86 329.25 Td (criminal ) Tj ET Q q 0 0 0 rg BT 456.63 329.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 497.29 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.18 329.25 Td (class ) Tj ET Q q 0 0 0 rg BT 538.07 329.25 Td (action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 296.25 Td (As ) Tj ET Q q 0 0 0 rg BT 86.85 296.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.53 296.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 138.53 296.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 185.20 296.25 Td (service ) Tj ET Q q 0 0 0 rg BT 215.76 296.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 251.87 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 296.25 Td (mission-critical ) Tj ET Q q 0 0 0 rg BT 326.89 296.25 Td (products ) Tj ET Q q 0 0 0 rg BT 363.57 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.24 296.25 Td (services ) Tj ET Q q 0 0 0 rg BT 414.69 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.71 296.25 Td (many ) Tj ET Q q 0 0 0 rg BT 449.16 296.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.38 296.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 533.07 296.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 296.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (regulated ) Tj ET Q q 0 0 0 rg BT 89.32 284.25 Td (by ) Tj ET Q q 0 0 0 rg BT 101.93 284.25 Td (one ) Tj ET Q q 0 0 0 rg BT 118.98 284.25 Td (or ) Tj ET Q q 0 0 0 rg BT 129.93 284.25 Td (more ) Tj ET Q q 0 0 0 rg BT 153.09 284.25 Td (member ) Tj ET Q q 0 0 0 rg BT 188.46 284.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 225.50 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.45 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.28 284.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 283.88 284.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 323.70 284.25 Td (Institutions ) Tj ET Q q 0 0 0 rg BT 371.32 284.25 Td (Examination ) Tj ET Q q 0 0 0 rg BT 425.03 284.25 Td (Council, ) Tj ET Q q 0 0 0 rg BT 461.81 284.25 Td (or ) Tj ET Q q 0 0 0 rg BT 472.75 284.25 Td (FFIEC, ) Tj ET Q q 0 0 0 rg BT 505.10 284.25 Td (we ) Tj ET Q q 0 0 0 rg BT 519.37 284.25 Td (are ) Tj ET Q q 0 0 0 rg BT 534.19 284.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.80 272.25 Td (an ) Tj ET Q q 0 0 0 rg BT 71.76 272.25 Td (IT) Tj ET Q q 0 0 0 rg BT 81.02 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.54 272.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 135.49 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 148.01 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.75 272.25 Td (member ) Tj ET Q q 0 0 0 rg BT 198.03 272.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 234.98 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.83 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.56 272.25 Td (FFIEC. ) Tj ET Q q 0 0 0 rg BT 292.26 272.25 Td (As ) Tj ET Q q 0 0 0 rg BT 305.89 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.85 272.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 340.09 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.83 272.25 Td (FFIEC ) Tj ET Q q 0 0 0 rg BT 384.58 272.25 Td (conducts ) Tj ET Q q 0 0 0 rg BT 422.65 272.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 461.82 272.25 Td (IT) Tj ET Q q 0 0 0 rg BT 471.07 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.60 272.25 Td (Examinations ) Tj ET Q q 0 0 0 rg BT 531.11 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.41 272.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.71 260.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 93.25 260.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 127.36 260.25 Td (or ) Tj ET Q q 0 0 0 rg BT 138.12 260.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 175.55 260.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 196.88 260.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 240.41 260.25 Td (with ) Tj ET Q q 0 0 0 rg BT 260.62 260.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.39 260.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 320.48 260.25 Td (that ) Tj ET Q q 0 0 0 rg BT 337.91 260.25 Td (could ) Tj ET Q q 0 0 0 rg BT 362.57 260.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 403.32 260.25 Td (af) Tj ET Q q 0 0 0 rg BT 410.91 260.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 428.33 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.98 260.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.40 260.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 527.29 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 537.50 260.25 Td (whom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (we ) Tj ET Q q 0 0 0 rg BT 62.54 248.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 94.47 248.25 Td (products ) Tj ET Q q 0 0 0 rg BT 130.28 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.10 248.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 182.19 248.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 216.88 248.25 Td (our ) Tj ET Q q 0 0 0 rg BT 231.59 248.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 247.97 248.25 Td (management ) Tj ET Q q 0 0 0 rg BT 300.44 248.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 333.48 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.30 248.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 382.90 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.72 248.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 440.08 248.25 Td (our ) Tj ET Q q 0 0 0 rg BT 454.79 248.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 502.25 248.25 Td (with ) Tj ET Q q 0 0 0 rg BT 521.41 248.25 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 69.17 236.25 Td (that ) Tj ET Q q 0 0 0 rg BT 85.51 236.25 Td (af) Tj ET Q q 0 0 0 rg BT 93.10 236.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 109.43 236.25 Td (theproducts ) Tj ET Q q 0 0 0 rg BT 159.92 236.25 Td (andservices ) Tj ET Q q 0 0 0 rg BT 210.41 236.25 Td (we ) Tj ET Q q 0 0 0 rg BT 223.42 236.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 255.31 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.43 236.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.75 236.25 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 349.05 236.25 Td (In ) Tj ET Q q 0 0 0 rg BT 358.72 236.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 392.83 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.96 236.25 Td (examining ) Tj ET Q q 0 0 0 rg BT 445.51 236.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 467.39 236.25 Td (such ) Tj ET Q q 0 0 0 rg BT 487.06 236.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.74 236.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.41 236.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.10 224.25 Td (technology) Tj ET Q q 0 0 0 rg BT 103.88 224.25 Td (, ) Tj ET Q q 0 0 0 rg BT 108.65 224.25 Td (data ) Tj ET Q q 0 0 0 rg BT 127.58 224.25 Td (integrity) Tj ET Q q 0 0 0 rg BT 160.81 224.25 Td (, ) Tj ET Q q 0 0 0 rg BT 165.58 224.25 Td (information ) Tj ET Q q 0 0 0 rg BT 215.06 224.25 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 275.65 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.35 224.25 Td (service ) Tj ET Q q 0 0 0 rg BT 322.94 224.25 Td (availability) Tj ET Q q 0 0 0 rg BT 367.28 224.25 Td (, ) Tj ET Q q 0 0 0 rg BT 372.04 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.53 224.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 419.90 224.25 Td (also ) Tj ET Q q 0 0 0 rg BT 438.28 224.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 464.99 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.59 224.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.84 224.25 Td (stability) Tj ET Q q 0 0 0 rg BT 549.41 224.25 Td (. ) Tj ET Q q 0 0 0 rg BT 554.18 224.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (June ) Tj ET Q q 0 0 0 rg BT 69.97 212.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 92.12 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.47 212.25 Td (FDIC, ) Tj ET Q q 0 0 0 rg BT 133.90 212.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.48 212.25 Td (member ) Tj ET Q q 0 0 0 rg BT 175.39 212.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 205.85 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.32 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.68 212.25 Td (FFIEC, ) Tj ET Q q 0 0 0 rg BT 262.55 212.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 306.34 212.25 Td (its ) Tj ET Q q 0 0 0 rg BT 317.94 212.25 Td (IT) Tj ET Q q 0 0 0 rg BT 327.19 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 329.34 212.25 Td (examination, ) Tj ET Q q 0 0 0 rg BT 383.41 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.99 212.25 Td (found ) Tj ET Q q 0 0 0 rg BT 425.46 212.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 445.10 212.25 Td (while ) Tj ET Q q 0 0 0 rg BT 469.46 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.82 212.25 Td (services ) Tj ET Q q 0 0 0 rg BT 518.17 212.25 Td (we ) Tj ET Q q 0 0 0 rg BT 531.97 212.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 62.47 200.25 Td (our ) Tj ET Q q 0 0 0 rg BT 80.98 200.25 Td (client ) Tj ET Q q 0 0 0 rg BT 108.38 200.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 136.90 200.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.29 200.25 Td (satisfactory) Tj ET Q q 0 0 0 rg BT 199.74 200.25 Td (,several ) Tj ET Q q 0 0 0 rg BT 238.24 200.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 272.86 200.25 Td (required ) Tj ET Q q 0 0 0 rg BT 311.36 200.25 Td (further ) Tj ET Q q 0 0 0 rg BT 343.76 200.25 Td (attention, ) Tj ET Q q 0 0 0 rg BT 386.43 200.25 Td (some ) Tj ET Q q 0 0 0 rg BT 412.73 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.25 200.25 Td (which ) Tj ET Q q 0 0 0 rg BT 455.87 200.25 Td (were ) Tj ET Q q 0 0 0 rg BT 480.49 200.25 Td (repeat ) Tj ET Q q 0 0 0 rg BT 510.10 200.25 Td (findings ) Tj ET Q q 0 0 0 rg BT 548.06 200.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 123.09 188.25 Td (from ) Tj ET Q q 0 0 0 rg BT 145.04 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.76 188.25 Td (FDIC) Tj ET Q q 0 0 0 rg BT 185.32 188.25 Td (s ) Tj ET Q q 0 0 0 rg BT 191.72 188.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 214.22 188.25 Td (examination. ) Tj ET Q q 0 0 0 rg BT 268.10 188.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 308.39 188.25 Td (management ) Tj ET Q q 0 0 0 rg BT 361.98 188.25 Td (has ) Tj ET Q q 0 0 0 rg BT 377.81 188.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 421.41 188.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.36 188.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 448.08 188.25 Td (for ) Tj ET Q q 0 0 0 rg BT 462.24 188.25 Td (addressing ) Tj ET Q q 0 0 0 rg BT 507.52 188.25 Td (these ) Tj ET Q q 0 0 0 rg BT 530.57 188.25 Td (matters, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.80 176.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 93.09 176.25 Td (be ) Tj ET Q q 0 0 0 rg BT 105.17 176.25 Td (assured ) Tj ET Q q 0 0 0 rg BT 137.80 176.25 Td (that ) Tj ET Q q 0 0 0 rg BT 155.43 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.29 176.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 190.14 176.25 Td (will ) Tj ET Q q 0 0 0 rg BT 208.33 176.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 237.08 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.94 176.25 Td (FDIC ) Tj ET Q q 0 0 0 rg BT 277.36 176.25 Td (or ) Tj ET Q q 0 0 0 rg BT 288.33 176.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 332.05 176.25 Td (law) Tj ET Q q 0 0 0 rg BT 345.84 176.25 Td (. ) Tj ET Q q 0 0 0 rg BT 350.40 176.25 Td (A) Tj ET Q q 0 0 0 rg BT 357.07 176.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.71 176.25 Td (suf) Tj ET Q q 0 0 0 rg BT 371.75 176.25 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 407.71 176.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 458.10 176.25 Td (review ) Tj ET Q q 0 0 0 rg BT 487.94 176.25 Td (from ) Tj ET Q q 0 0 0 rg BT 510.02 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.87 176.25 Td (FFIEC ) Tj ET Q q 0 0 0 rg BT 554.74 176.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 164.25 Td (future ) Tj ET Q q 0 0 0 rg BT 90.59 164.25 Td (could ) Tj ET Q q 0 0 0 rg BT 115.31 164.25 Td (have ) Tj ET Q q 0 0 0 rg BT 136.69 164.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.63 164.25 Td (material ) Tj ET Q q 0 0 0 rg BT 178.88 164.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 211.92 164.25 Td (ef) Tj ET Q q 0 0 0 rg BT 219.51 164.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 237.00 164.25 Td (on ) Tj ET Q q 0 0 0 rg BT 249.50 164.25 Td (our ) Tj ET Q q 0 0 0 rg BT 265.33 164.25 Td (business ) Tj ET Q q 0 0 0 rg BT 301.72 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.66 164.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 356.14 164.25 Td (condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 143.25 Td (If ) Tj ET Q q 0 0 0 rg BT 58.93 143.25 Td (one ) Tj ET Q q 0 0 0 rg BT 76.13 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 87.23 143.25 Td (more ) Tj ET Q q 0 0 0 rg BT 110.55 143.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 130.54 143.25 Td (states ) Tj ET Q q 0 0 0 rg BT 155.52 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.62 143.25 Td (local ) Tj ET Q q 0 0 0 rg BT 188.82 143.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 242.15 143.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 293.80 143.25 Td (assert ) Tj ET Q q 0 0 0 rg BT 319.89 143.25 Td (that ) Tj ET Q q 0 0 0 rg BT 338.22 143.25 Td (we ) Tj ET Q q 0 0 0 rg BT 351.53 143.25 Td (should ) Tj ET Q q 0 0 0 rg BT 381.53 143.25 Td (have ) Tj ET Q q 0 0 0 rg BT 403.18 143.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 441.47 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.57 143.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.12 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.10 143.25 Td (future ) Tj ET Q q 0 0 0 rg BT 505.87 143.25 Td (should ) Tj ET Q q 0 0 0 rg BT 535.87 143.25 Td (collect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 131.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.55 131.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 115.93 131.25 Td (or ) Tj ET Q q 0 0 0 rg BT 127.19 131.25 Td (use ) Tj ET Q q 0 0 0 rg BT 143.46 131.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 166.94 131.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.88 131.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.71 131.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 217.68 131.25 Td (we ) Tj ET Q q 0 0 0 rg BT 231.17 131.25 Td (could ) Tj ET Q q 0 0 0 rg BT 256.32 131.25 Td (be ) Tj ET Q q 0 0 0 rg BT 268.14 131.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 299.40 131.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.55 131.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 353.60 131.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 387.09 131.25 Td (with ) Tj ET Q q 0 0 0 rg BT 407.25 131.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 438.50 131.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.66 131.25 Td (past ) Tj ET Q q 0 0 0 rg BT 467.70 131.25 Td (or ) Tj ET Q q 0 0 0 rg BT 478.97 131.25 Td (future ) Tj ET Q q 0 0 0 rg BT 506.90 131.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 531.78 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.72 131.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 119.25 Td (results ) Tj ET Q q 0 0 0 rg BT 79.23 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.06 119.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.01 119.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 152.85 119.25 Td (could ) Tj ET Q q 0 0 0 rg BT 178.13 119.25 Td (be ) Tj ET Q q 0 0 0 rg BT 190.07 119.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 230.89 119.25 Td (af) Tj ET Q q 0 0 0 rg BT 239.04 119.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 98.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 98.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.64 98.25 Td (do ) Tj ET Q q 0 0 0 rg BT 100.70 98.25 Td (not ) Tj ET Q q 0 0 0 rg BT 115.54 98.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 144.26 98.25 Td (state ) Tj ET Q q 0 0 0 rg BT 164.65 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.15 98.25 Td (local ) Tj ET Q q 0 0 0 rg BT 202.64 98.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 224.14 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.65 98.25 Td (use ) Tj ET Q q 0 0 0 rg BT 256.04 98.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 278.65 98.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.71 98.25 Td (all ) Tj ET Q q 0 0 0 rg BT 302.77 98.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 324.27 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.11 98.25 Td (all ) Tj ET Q q 0 0 0 rg BT 346.17 98.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 397.68 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.52 98.25 Td (which ) Tj ET Q q 0 0 0 rg BT 434.02 98.25 Td (our ) Tj ET Q q 0 0 0 rg BT 449.41 98.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 492.02 98.25 Td (are ) Tj ET Q q 0 0 0 rg BT 506.29 98.25 Td (located, ) Tj ET Q q 0 0 0 rg BT 539.73 98.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.96 86.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.75 86.25 Td (belief ) Tj ET Q q 0 0 0 rg BT 102.97 86.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.42 86.25 Td (such ) Tj ET Q q 0 0 0 rg BT 141.21 86.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 164.22 86.25 Td (are ) Tj ET Q q 0 0 0 rg BT 178.88 86.25 Td (not ) Tj ET Q q 0 0 0 rg BT 194.12 86.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 240.17 86.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 263.73 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.63 86.25 Td (use ) Tj ET Q q 0 0 0 rg BT 296.42 86.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.09 86.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 331.88 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.78 86.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 370.12 86.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 390.34 86.25 Td (by ) Tj ET Q q 0 0 0 rg BT 402.80 86.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 450.81 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.71 86.25 Td (such ) Tj ET Q q 0 0 0 rg BT 488.50 86.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 509.29 86.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.95 86.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 86.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 108.30 74.25 Td (Jurisdictions ) Tj ET Q q 0 0 0 rg BT 161.29 74.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 74.25 Td (which ) Tj ET Q q 0 0 0 rg BT 198.38 74.25 Td (we ) Tj ET Q q 0 0 0 rg BT 212.48 74.25 Td (do ) Tj ET Q q 0 0 0 rg BT 224.91 74.25 Td (not ) Tj ET Q q 0 0 0 rg BT 240.13 74.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 269.21 74.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 291.09 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.96 74.25 Td (use ) Tj ET Q q 0 0 0 rg BT 323.73 74.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 346.71 74.25 Td (may ) Tj ET Q q 0 0 0 rg BT 366.36 74.25 Td (assert ) Tj ET Q q 0 0 0 rg BT 391.57 74.25 Td (that ) Tj ET Q q 0 0 0 rg BT 409.00 74.25 Td (such ) Tj ET Q q 0 0 0 rg BT 429.76 74.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 452.75 74.25 Td (are ) Tj ET Q q 0 0 0 rg BT 467.39 74.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 513.41 74.25 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 74.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.25 Td (result ) Tj ET Q q 0 0 0 rg BT 74.74 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 85.54 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.77 62.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 148.23 62.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.58 62.25 Td (such ) Tj ET Q q 0 0 0 rg BT 180.93 62.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 207.00 62.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.45 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.91 62.25 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 297.97 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.43 62.25 Td (we ) Tj ET Q q 0 0 0 rg BT 330.11 62.25 Td (could ) Tj ET Q q 0 0 0 rg BT 355.35 62.25 Td (be ) Tj ET Q q 0 0 0 rg BT 367.81 62.25 Td (required ) Tj ET Q q 0 0 0 rg BT 404.14 62.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.94 62.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 444.61 62.25 Td (such ) Tj ET Q q 0 0 0 rg BT 465.96 62.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 489.53 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.33 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.56 62.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 544.74 62.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 50.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 113.93 50.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.87 50.25 Td (use ) Tj ET Q q 0 0 0 rg BT 146.70 50.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.41 50.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 195.02 50.25 Td (could ) Tj ET Q q 0 0 0 rg BT 219.74 50.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 260.55 50.25 Td (af) Tj ET Q q 0 0 0 rg BT 268.14 50.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 285.63 50.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 50.25 Td (results ) Tj ET Q q 0 0 0 rg BT 328.95 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.78 50.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.61 50.25 Td (operations.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.90 740.25 Td (business ) Tj ET Q q 0 0 0 rg BT 106.64 740.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.04 740.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.65 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.16 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.67 740.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 195.85 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.90 740.25 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 262.69 740.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 286.25 740.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 313.98 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.26 740.25 Td (other ) Tj ET Q q 0 0 0 rg BT 356.66 740.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 389.96 740.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 443.24 740.25 Td (events ) Tj ET Q q 0 0 0 rg BT 471.52 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.81 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.31 740.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 553.06 740.25 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (man-made ) Tj ET Q q 0 0 0 rg BT 95.89 728.25 Td (problems ) Tj ET Q q 0 0 0 rg BT 136.17 728.25 Td (such ) Tj ET Q q 0 0 0 rg BT 158.12 728.25 Td (as ) Tj ET Q q 0 0 0 rg BT 169.51 728.25 Td (terrorism.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.59 707.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 129.79 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 707.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.95 707.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.70 707.25 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 258.43 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 707.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 306.37 707.25 Td (or ) Tj ET Q q 0 0 0 rg BT 319.24 707.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 370.99 707.25 Td (from ) Tj ET Q q 0 0 0 rg BT 394.96 707.25 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 449.75 707.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 474.55 707.25 Td (floods, ) Tj ET Q q 0 0 0 rg BT 506.58 707.25 Td (power ) Tj ET Q q 0 0 0 rg BT 536.11 707.25 Td (losses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 132.68 695.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 167.81 695.25 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 202.10 695.25 Td (attacks, ) Tj ET Q q 0 0 0 rg BT 235.01 695.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 253.20 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.18 695.25 Td (war ) Tj ET Q q 0 0 0 rg BT 281.81 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.89 695.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 329.31 695.25 Td (events. ) Tj ET Q q 0 0 0 rg BT 360.00 695.25 Td (For ) Tj ET Q q 0 0 0 rg BT 376.54 695.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 415.55 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.64 695.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.49 695.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 497.90 695.25 Td (disaster) Tj ET Q q 0 0 0 rg BT 528.05 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 533.19 695.25 Td (such ) Tj ET Q q 0 0 0 rg BT 554.17 695.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.44 683.25 Td (earthquake, ) Tj ET Q q 0 0 0 rg BT 110.31 683.25 Td (fire ) Tj ET Q q 0 0 0 rg BT 126.70 683.25 Td (or ) Tj ET Q q 0 0 0 rg BT 137.53 683.25 Td (flood, ) Tj ET Q q 0 0 0 rg BT 163.65 683.25 Td (could ) Tj ET Q q 0 0 0 rg BT 188.37 683.25 Td (have ) Tj ET Q q 0 0 0 rg BT 209.75 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.70 683.25 Td (material ) Tj ET Q q 0 0 0 rg BT 251.96 683.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 285.01 683.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.73 683.25 Td (on ) Tj ET Q q 0 0 0 rg BT 327.23 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.07 683.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 381.97 683.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 422.24 683.25 Td (results ) Tj ET Q q 0 0 0 rg BT 450.85 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.80 683.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.28 683.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 548.06 683.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.22 671.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 107.92 671.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 147.39 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 167.99 671.25 Td (be ) Tj ET Q q 0 0 0 rg BT 180.82 671.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 200.64 671.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 229.56 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.73 671.25 Td (compensate ) Tj ET Q q 0 0 0 rg BT 291.32 671.25 Td (us ) Tj ET Q q 0 0 0 rg BT 303.59 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.64 671.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 345.92 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 364.30 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 384.90 671.25 Td (occur) Tj ET Q q 0 0 0 rg BT 406.56 671.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.44 671.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 431.38 671.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 472.52 671.25 Td (of) Tj ET Q q 0 0 0 rg BT 480.67 671.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 502.94 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.76 671.25 Td (one ) Tj ET Q q 0 0 0 rg BT 538.58 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 671.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.30 659.25 Td (we ) Tj ET Q q 0 0 0 rg BT 100.33 659.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 122.69 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.84 659.25 Td (house ) Tj ET Q q 0 0 0 rg BT 158.55 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.25 659.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 214.39 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.20 659.25 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 314.10 659.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 358.69 659.25 Td (are ) Tj ET Q q 0 0 0 rg BT 373.27 659.25 Td (located ) Tj ET Q q 0 0 0 rg BT 404.51 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.67 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.26 659.25 Td (San ) Tj ET Q q 0 0 0 rg BT 446.63 659.25 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 487.88 659.25 Td (Bay ) Tj ET Q q 0 0 0 rg BT 505.84 659.25 Td (Area, ) Tj ET Q q 0 0 0 rg BT 530.14 659.25 Td (a ) Tj ET Q q 0 0 0 rg BT 536.95 659.25 Td (region ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (known ) Tj ET Q q 0 0 0 rg BT 79.92 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.78 647.25 Td (seismic ) Tj ET Q q 0 0 0 rg BT 127.98 647.25 Td (activity) Tj ET Q q 0 0 0 rg BT 157.32 647.25 Td (. ) Tj ET Q q 0 0 0 rg BT 163.02 647.25 Td (In ) Tj ET Q q 0 0 0 rg BT 174.55 647.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 213.02 647.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 231.77 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.30 647.25 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 285.65 647.25 Td (which ) Tj ET Q q 0 0 0 rg BT 313.29 647.25 Td (may ) Tj ET Q q 0 0 0 rg BT 333.71 647.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.34 647.25 Td (tar) Tj ET Q q 0 0 0 rg BT 356.71 647.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 381.56 647.25 Td (at ) Tj ET Q q 0 0 0 rg BT 391.98 647.25 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 446.28 647.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 470.02 647.25 Td (with ) Tj ET Q q 0 0 0 rg BT 490.99 647.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 519.74 647.25 Td (population ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (density ) Tj ET Q q 0 0 0 rg BT 80.63 635.25 Td (than ) Tj ET Q q 0 0 0 rg BT 100.09 635.25 Td (rural ) Tj ET Q q 0 0 0 rg BT 121.20 635.25 Td (areas, ) Tj ET Q q 0 0 0 rg BT 146.48 635.25 Td (could ) Tj ET Q q 0 0 0 rg BT 170.94 635.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 195.39 635.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 242.08 635.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.10 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.67 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 278.24 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.81 635.25 Td (customers) Tj ET Q q 0 0 0 rg BT 336.95 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.19 635.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 383.65 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.22 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.68 635.25 Td (economy ) Tj ET Q q 0 0 0 rg BT 447.58 635.25 Td (as ) Tj ET Q q 0 0 0 rg BT 458.15 635.25 Td (a ) Tj ET Q q 0 0 0 rg BT 464.83 635.25 Td (whole. ) Tj ET Q q 0 0 0 rg BT 493.84 635.25 Td (W) Tj ET Q q 0 0 0 rg BT 502.48 635.25 Td (e ) Tj ET Q q 0 0 0 rg BT 509.16 635.25 Td (may ) Tj ET Q q 0 0 0 rg BT 528.62 635.25 Td (not ) Tj ET Q q 0 0 0 rg BT 543.64 635.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 623.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 89.94 623.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 133.35 623.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.54 623.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 182.37 623.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 206.34 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.98 623.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 247.04 623.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 309.04 623.25 Td (such ) Tj ET Q q 0 0 0 rg BT 330.23 623.25 Td (as ) Tj ET Q q 0 0 0 rg BT 341.42 623.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 372.05 623.25 Td (disasters ) Tj ET Q q 0 0 0 rg BT 409.35 623.25 Td (af) Tj ET Q q 0 0 0 rg BT 416.93 623.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 447.56 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.64 623.25 Td (San ) Tj ET Q q 0 0 0 rg BT 480.50 623.25 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 522.23 623.25 Td (Bay ) Tj ET Q q 0 0 0 rg BT 540.57 623.25 Td (Area, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 611.25 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 611.25 Td (business ) Tj ET Q q 0 0 0 rg BT 118.66 611.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 168.37 611.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 209.19 611.25 Td (may ) Tj ET Q q 0 0 0 rg BT 228.90 611.25 Td (be ) Tj ET Q q 0 0 0 rg BT 240.84 611.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 260.66 611.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 288.70 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.98 611.25 Td (compensate ) Tj ET Q q 0 0 0 rg BT 348.68 611.25 Td (us ) Tj ET Q q 0 0 0 rg BT 360.08 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.24 611.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 400.63 611.25 Td (that ) Tj ET Q q 0 0 0 rg BT 418.12 611.25 Td (may ) Tj ET Q q 0 0 0 rg BT 437.84 611.25 Td (occur) Tj ET Q q 0 0 0 rg BT 459.50 611.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.67 590.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 92.28 590.25 Td (price ) Tj ET Q q 0 0 0 rg BT 115.33 590.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.50 590.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 156.99 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.05 590.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 223.12 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.95 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.90 590.25 Td (common ) Tj ET Q q 0 0 0 rg BT 288.96 590.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.57 590.25 Td (could ) Tj ET Q q 0 0 0 rg BT 337.84 590.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 362.58 590.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 410.10 590.25 Td (losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.77 569.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 122.81 569.25 Td (price ) Tj ET Q q 0 0 0 rg BT 145.52 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.57 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.62 569.25 Td (common ) Tj ET Q q 0 0 0 rg BT 210.33 569.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 234.16 569.25 Td (may ) Tj ET Q q 0 0 0 rg BT 254.10 569.25 Td (be ) Tj ET Q q 0 0 0 rg BT 266.25 569.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.30 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.80 569.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 329.96 569.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 379.89 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.38 569.25 Td (response ) Tj ET Q q 0 0 0 rg BT 428.09 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.59 569.25 Td (various ) Tj ET Q q 0 0 0 rg BT 470.75 569.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 503.18 569.25 Td (some ) Tj ET Q q 0 0 0 rg BT 527.01 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.06 569.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.67 557.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 97.08 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.37 557.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 147.17 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 158.46 557.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 194.20 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.95 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.13 557.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 250.30 557.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 291.60 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.34 557.25 Td (this ) Tj ET Q q 0 0 0 rg BT 319.76 557.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 345.50 557.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 382.35 557.25 Td (section ) Tj ET Q q 0 0 0 rg BT 413.64 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.04 557.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 473.98 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.73 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 501.03 557.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 529.55 557.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 557.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 72.84 545.25 Td (these ) Tj ET Q q 0 0 0 rg BT 95.89 545.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 125.59 545.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 528.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 528.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.38 528.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.64 528.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 214.67 528.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.60 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.32 528.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.59 528.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 339.61 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.44 528.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 380.71 528.25 Td (companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 511.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 511.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 150.53 511.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 203.55 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.38 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.10 511.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 256.59 511.25 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 494.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 494.25 Td (number ) Tj ET Q q 0 0 0 rg BT 153.31 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 494.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 191.63 494.25 Td (our ) Tj ET Q q 0 0 0 rg BT 207.46 494.25 Td (common ) Tj ET Q q 0 0 0 rg BT 244.96 494.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.57 494.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 303.84 494.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 333.00 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.94 494.25 Td (available ) Tj ET Q q 0 0 0 rg BT 388.53 494.25 Td (for ) Tj ET Q q 0 0 0 rg BT 402.69 494.25 Td (trading;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 477.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 477.25 Td (threatened ) Tj ET Q q 0 0 0 rg BT 149.69 477.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.52 477.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 186.89 477.25 Td (litigation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 460.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 460.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.26 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.54 460.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 171.37 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 182.20 460.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 229.13 460.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 262.17 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.45 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.28 460.25 Td (solutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 443.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 443.25 Td (any ) Tj ET Q q 0 0 0 rg BT 122.49 443.25 Td (major ) Tj ET Q q 0 0 0 rg BT 148.31 443.25 Td (change ) Tj ET Q q 0 0 0 rg BT 179.13 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.41 443.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.24 443.25 Td (board ) Tj ET Q q 0 0 0 rg BT 230.51 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.34 443.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 278.82 443.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.65 443.25 Td (management;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 426.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 426.25 Td (publication ) Tj ET Q q 0 0 0 rg BT 153.17 426.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.13 426.25 Td (research ) Tj ET Q q 0 0 0 rg BT 200.06 426.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 230.46 426.25 Td (about ) Tj ET Q q 0 0 0 rg BT 255.30 426.25 Td (us ) Tj ET Q q 0 0 0 rg BT 266.82 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 277.78 426.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.74 426.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 329.15 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.11 426.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 374.40 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 385.36 426.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 421.86 426.25 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 495.58 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 506.53 426.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 554.15 426.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 414.25 Td (research ) Tj ET Q q 0 0 0 rg BT 141.36 414.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 179.94 414.25 Td (by ) Tj ET Q q 0 0 0 rg BT 192.44 414.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 232.70 414.25 Td (analysts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 397.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 397.25 Td (lar) Tj ET Q q 0 0 0 rg BT 115.92 397.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 127.85 397.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 164.24 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.07 397.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 197.01 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.84 397.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.67 397.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 251.16 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.99 397.25 Td (common ) Tj ET Q q 0 0 0 rg BT 299.49 397.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 323.09 397.25 Td (by ) Tj ET Q q 0 0 0 rg BT 335.59 397.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 369.76 397.25 Td (stockholders; ) Tj ET Q q 0 0 0 rg BT 425.58 397.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 380.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 380.25 Td (general ) Tj ET Q q 0 0 0 rg BT 137.47 380.25 Td (political ) Tj ET Q q 0 0 0 rg BT 172.74 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.68 380.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.05 380.25 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 359.25 Td (In ) Tj ET Q q 0 0 0 rg BT 85.32 359.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 124.08 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.79 359.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 164.39 359.25 Td (market ) Tj ET Q q 0 0 0 rg BT 195.64 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.91 359.25 Td (general ) Tj ET Q q 0 0 0 rg BT 239.83 359.25 Td (has ) Tj ET Q q 0 0 0 rg BT 256.65 359.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 308.44 359.25 Td (extreme ) Tj ET Q q 0 0 0 rg BT 344.13 359.25 Td (price ) Tj ET Q q 0 0 0 rg BT 367.61 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.53 359.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 419.02 359.25 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 472.22 359.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 515.15 359.25 Td (class ) Tj ET Q q 0 0 0 rg BT 538.07 359.25 Td (action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 88.00 347.25 Td (has ) Tj ET Q q 0 0 0 rg BT 103.71 347.25 Td (often ) Tj ET Q q 0 0 0 rg BT 126.65 347.25 Td (been ) Tj ET Q q 0 0 0 rg BT 147.91 347.25 Td (instituted ) Tj ET Q q 0 0 0 rg BT 187.52 347.25 Td (against ) Tj ET Q q 0 0 0 rg BT 218.24 347.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 263.39 347.25 Td (following ) Tj ET Q q 0 0 0 rg BT 304.66 347.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 336.49 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.21 347.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 385.70 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.87 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.47 347.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 440.62 347.25 Td (market ) Tj ET Q q 0 0 0 rg BT 470.77 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.60 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.77 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.37 347.25 Td (market ) Tj ET Q q 0 0 0 rg BT 542.52 347.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 335.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.57 335.25 Td (company) Tj ET Q q 0 0 0 rg BT 107.01 335.25 Td (s ) Tj ET Q q 0 0 0 rg BT 113.55 335.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 156.28 335.25 Td (This ) Tj ET Q q 0 0 0 rg BT 176.71 335.25 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 217.97 335.25 Td (if ) Tj ET Q q 0 0 0 rg BT 226.73 335.25 Td (instituted ) Tj ET Q q 0 0 0 rg BT 266.60 335.25 Td (against ) Tj ET Q q 0 0 0 rg BT 297.58 335.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 311.63 335.25 Td (could ) Tj ET Q q 0 0 0 rg BT 336.50 335.25 Td (result ) Tj ET Q q 0 0 0 rg BT 361.37 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.80 335.25 Td (very ) Tj ET Q q 0 0 0 rg BT 392.22 335.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 437.65 335.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 462.80 335.25 Td (divert ) Tj ET Q q 0 0 0 rg BT 488.78 335.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.76 335.25 Td (management) Tj ET Q q 0 0 0 rg BT 558.63 335.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (attention ) Tj ET Q q 0 0 0 rg BT 86.99 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.93 323.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 144.19 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.13 323.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 184.17 323.25 Td (our ) Tj ET Q q 0 0 0 rg BT 200.00 323.25 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.16 302.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 91.25 302.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 139.34 302.25 Td (program ) Tj ET Q q 0 0 0 rg BT 176.88 302.25 Td (may ) Tj ET Q q 0 0 0 rg BT 196.08 302.25 Td (be ) Tj ET Q q 0 0 0 rg BT 207.50 302.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 252.27 302.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.14 302.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 309.56 302.25 Td (at ) Tj ET Q q 0 0 0 rg BT 319.32 302.25 Td (any ) Tj ET Q q 0 0 0 rg BT 336.31 302.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 358.56 302.25 Td (which ) Tj ET Q q 0 0 0 rg BT 385.55 302.25 Td (may ) Tj ET Q q 0 0 0 rg BT 404.75 302.25 Td (result ) Tj ET Q q 0 0 0 rg BT 430.07 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.39 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 447.37 302.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 484.89 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.21 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.97 302.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 541.96 302.25 Td (price ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 290.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.28 290.25 Td (common ) Tj ET Q q 0 0 0 rg BT 115.34 290.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 269.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.45 269.25 Td (board ) Tj ET Q q 0 0 0 rg BT 116.61 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.33 269.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 164.71 269.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 209.32 269.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 248.92 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.76 269.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 279.26 269.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 324.96 269.25 Td (program ) Tj ET Q q 0 0 0 rg BT 361.23 269.25 Td (under ) Tj ET Q q 0 0 0 rg BT 386.39 269.25 Td (which ) Tj ET Q q 0 0 0 rg BT 413.22 269.25 Td (we ) Tj ET Q q 0 0 0 rg BT 427.28 269.25 Td (are ) Tj ET Q q 0 0 0 rg BT 441.88 269.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 486.48 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.65 269.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 542.35 269.25 Td (up ) Tj ET Q q 0 0 0 rg BT 554.74 269.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 74.40 257.25 Td (million ) Tj ET Q q 0 0 0 rg BT 105.69 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.41 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.14 257.25 Td (common ) Tj ET Q q 0 0 0 rg BT 169.53 257.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.04 257.25 Td (over ) Tj ET Q q 0 0 0 rg BT 213.21 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.04 257.25 Td (36-month ) Tj ET Q q 0 0 0 rg BT 261.33 257.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 291.77 257.25 Td (all ) Tj ET Q q 0 0 0 rg BT 304.16 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.89 257.25 Td (which ) Tj ET Q q 0 0 0 rg BT 341.73 257.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 375.78 257.25 Td (available ) Tj ET Q q 0 0 0 rg BT 414.27 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 424.99 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.72 257.25 Td (December ) Tj ET Q q 0 0 0 rg BT 479.20 257.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 494.10 257.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 519.00 257.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 541.39 257.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 99.66 245.25 Td (may ) Tj ET Q q 0 0 0 rg BT 119.84 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 132.24 245.25 Td (limited, ) Tj ET Q q 0 0 0 rg BT 166.03 245.25 Td (suspended, ) Tj ET Q q 0 0 0 rg BT 213.15 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.44 245.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 270.16 245.25 Td (at ) Tj ET Q q 0 0 0 rg BT 280.34 245.25 Td (any ) Tj ET Q q 0 0 0 rg BT 297.74 245.25 Td (time ) Tj ET Q q 0 0 0 rg BT 318.47 245.25 Td (without ) Tj ET Q q 0 0 0 rg BT 351.99 245.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 374.39 245.25 Td (notice. ) Tj ET Q q 0 0 0 rg BT 404.07 245.25 Td (There ) Tj ET Q q 0 0 0 rg BT 430.35 245.25 Td (can ) Tj ET Q q 0 0 0 rg BT 447.19 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 459.59 245.25 Td (no ) Tj ET Q q 0 0 0 rg BT 472.55 245.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 514.38 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 532.34 245.25 Td (we ) Tj ET Q q 0 0 0 rg BT 546.96 245.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.17 233.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 137.52 233.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.87 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.56 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 191.25 233.25 Td (common ) Tj ET Q q 0 0 0 rg BT 228.61 233.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.08 233.25 Td (under ) Tj ET Q q 0 0 0 rg BT 277.21 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.90 233.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 316.37 233.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 362.03 233.25 Td (program ) Tj ET Q q 0 0 0 rg BT 398.27 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 408.96 233.25 Td (that ) Tj ET Q q 0 0 0 rg BT 426.32 233.25 Td (any ) Tj ET Q q 0 0 0 rg BT 443.12 233.25 Td (future ) Tj ET Q q 0 0 0 rg BT 469.35 233.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 518.91 233.25 Td (will ) Tj ET Q q 0 0 0 rg BT 536.83 233.25 Td (have ) Tj ET Q q 0 0 0 rg BT 558.07 233.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 84.17 221.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 114.39 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 127.40 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.62 221.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 173.95 221.25 Td (price ) Tj ET Q q 0 0 0 rg BT 196.95 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.28 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.62 221.25 Td (common ) Tj ET Q q 0 0 0 rg BT 262.62 221.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 286.74 221.25 Td (or ) Tj ET Q q 0 0 0 rg BT 298.07 221.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 334.96 221.25 Td (per ) Tj ET Q q 0 0 0 rg BT 350.73 221.25 Td (share. ) Tj ET Q q 0 0 0 rg BT 377.34 221.25 Td (Important ) Tj ET Q q 0 0 0 rg BT 419.78 221.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 449.99 221.25 Td (that ) Tj ET Q q 0 0 0 rg BT 467.99 221.25 Td (could ) Tj ET Q q 0 0 0 rg BT 493.22 221.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 518.43 221.25 Td (us ) Tj ET Q q 0 0 0 rg BT 530.33 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.12 221.25 Td (limit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (suspend ) Tj ET Q q 0 0 0 rg BT 83.79 209.25 Td (or ) Tj ET Q q 0 0 0 rg BT 94.18 209.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 134.01 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.40 209.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 172.58 209.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 217.95 209.25 Td (program ) Tj ET Q q 0 0 0 rg BT 253.89 209.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 287.89 209.25 Td (among ) Tj ET Q q 0 0 0 rg BT 317.17 209.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 346.17 209.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 395.99 209.25 Td (market ) Tj ET Q q 0 0 0 rg BT 425.82 209.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 472.05 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.34 209.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 516.73 209.25 Td (price ) Tj ET Q q 0 0 0 rg BT 538.78 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 209.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.08 197.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 113.27 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.07 197.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 155.64 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 197.25 Td (other ) Tj ET Q q 0 0 0 rg BT 189.68 197.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 236.15 197.25 Td (or ) Tj ET Q q 0 0 0 rg BT 247.06 197.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 283.51 197.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 338.87 197.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 379.77 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.13 197.25 Td (us ) Tj ET Q q 0 0 0 rg BT 401.60 197.25 Td (from ) Tj ET Q q 0 0 0 rg BT 423.63 197.25 Td (time ) Tj ET Q q 0 0 0 rg BT 443.98 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.34 197.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 477.20 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.00 197.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 509.57 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.48 197.25 Td (dilution ) Tj ET Q q 0 0 0 rg BT 554.18 197.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.24 185.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 92.65 185.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 150.61 185.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 193.29 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.93 185.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 255.33 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.07 185.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 304.02 185.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 331.15 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.01 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 363.75 185.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 391.72 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.91 185.25 Td (make ) Tj ET Q q 0 0 0 rg BT 425.98 185.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 476.43 185.25 Td (timely) Tj ET Q q 0 0 0 rg BT 501.33 185.25 Td (, ) Tj ET Q q 0 0 0 rg BT 506.24 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.10 185.25 Td (beneficial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 89.10 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 99.82 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.98 173.25 Td (when, ) Tj ET Q q 0 0 0 rg BT 136.53 173.25 Td (how) Tj ET Q q 0 0 0 rg BT 153.10 173.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.98 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.81 173.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 209.40 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.56 173.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 257.49 173.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 284.86 173.25 Td (under ) Tj ET Q q 0 0 0 rg BT 310.02 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.62 173.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 348.11 173.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 393.80 173.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 432.56 173.25 Td (If ) Tj ET Q q 0 0 0 rg BT 441.61 173.25 Td (we ) Tj ET Q q 0 0 0 rg BT 455.65 173.25 Td (limit, ) Tj ET Q q 0 0 0 rg BT 479.43 173.25 Td (suspend ) Tj ET Q q 0 0 0 rg BT 514.04 173.25 Td (or ) Tj ET Q q 0 0 0 rg BT 524.75 173.25 Td (terminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 161.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 88.94 161.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 134.74 161.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 173.62 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.45 161.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 213.06 161.25 Td (price ) Tj ET Q q 0 0 0 rg BT 235.54 161.25 Td (may ) Tj ET Q q 0 0 0 rg BT 255.26 161.25 Td (be ) Tj ET Q q 0 0 0 rg BT 267.20 161.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 311.35 161.25 Td (af) Tj ET Q q 0 0 0 rg BT 318.94 161.25 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.92 140.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 102.00 140.25 Td (or ) Tj ET Q q 0 0 0 rg BT 114.08 140.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 151.18 140.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 187.72 140.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 238.70 140.25 Td (publishing ) Tj ET Q q 0 0 0 rg BT 285.80 140.25 Td (research ) Tj ET Q q 0 0 0 rg BT 324.55 140.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.64 140.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 370.40 140.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 417.48 140.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.57 140.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 482.77 140.25 Td (research ) Tj ET Q q 0 0 0 rg BT 521.51 140.25 Td (about ) Tj ET Q q 0 0 0 rg BT 548.05 140.25 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 89.51 128.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.47 128.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 130.08 128.25 Td (price ) Tj ET Q q 0 0 0 rg BT 153.12 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.18 128.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 203.69 128.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 236.19 128.25 Td (could ) Tj ET Q q 0 0 0 rg BT 261.47 128.25 Td (decline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 107.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 107.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 123.30 107.25 Td (market ) Tj ET Q q 0 0 0 rg BT 154.03 107.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.66 107.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.96 107.25 Td (common ) Tj ET Q q 0 0 0 rg BT 222.92 107.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 246.99 107.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 282.73 107.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.47 107.25 Td (part ) Tj ET Q q 0 0 0 rg BT 311.99 107.25 Td (on ) Tj ET Q q 0 0 0 rg BT 324.95 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.14 107.25 Td (research ) Tj ET Q q 0 0 0 rg BT 376.41 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.81 107.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 424.55 107.25 Td (that ) Tj ET Q q 0 0 0 rg BT 442.51 107.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.24 107.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.54 107.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 530.28 107.25 Td (analysts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 82.46 95.25 Td (about ) Tj ET Q q 0 0 0 rg BT 108.19 95.25 Td (us ) Tj ET Q q 0 0 0 rg BT 120.60 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.44 95.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.28 95.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 189.19 95.25 Td (If ) Tj ET Q q 0 0 0 rg BT 199.36 95.25 Td (one ) Tj ET Q q 0 0 0 rg BT 217.31 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.16 95.25 Td (more ) Tj ET Q q 0 0 0 rg BT 253.22 95.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.06 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 95.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 316.52 95.25 Td (who ) Tj ET Q q 0 0 0 rg BT 337.25 95.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 362.97 95.25 Td (us ) Tj ET Q q 0 0 0 rg BT 375.38 95.25 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 423.32 95.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.16 95.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.79 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 476.63 95.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 509.59 95.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 554.18 95.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 99.72 83.25 Td (research ) Tj ET Q q 0 0 0 rg BT 135.49 83.25 Td (about ) Tj ET Q q 0 0 0 rg BT 160.17 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.97 83.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 214.83 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.62 83.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.20 83.25 Td (price ) Tj ET Q q 0 0 0 rg BT 276.65 83.25 Td (would ) Tj ET Q q 0 0 0 rg BT 304.11 83.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 329.35 83.25 Td (decline. ) Tj ET Q q 0 0 0 rg BT 363.19 83.25 Td (If ) Tj ET Q q 0 0 0 rg BT 372.32 83.25 Td (one ) Tj ET Q q 0 0 0 rg BT 389.22 83.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.02 83.25 Td (more ) Tj ET Q q 0 0 0 rg BT 423.03 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.83 83.25 Td (these ) Tj ET Q q 0 0 0 rg BT 456.84 83.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 491.52 83.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 515.63 83.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 554.18 83.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.60 71.25 Td (company ) Tj ET Q q 0 0 0 rg BT 105.03 71.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.14 71.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 132.23 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.79 71.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 175.01 71.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 205.55 71.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.32 71.25 Td (us ) Tj ET Q q 0 0 0 rg BT 229.99 71.25 Td (regularly) Tj ET Q q 0 0 0 rg BT 265.43 71.25 Td (, ) Tj ET Q q 0 0 0 rg BT 270.71 71.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 305.13 71.25 Td (for ) Tj ET Q q 0 0 0 rg BT 319.57 71.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.67 71.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 359.55 71.25 Td (could ) Tj ET Q q 0 0 0 rg BT 384.54 71.25 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 424.23 71.25 Td (which ) Tj ET Q q 0 0 0 rg BT 451.44 71.25 Td (might ) Tj ET Q q 0 0 0 rg BT 477.55 71.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 502.53 71.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.64 71.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.52 71.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 59.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 97.26 59.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 129.76 59.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.04 59.25 Td (decline.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 83.24 740.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 128.08 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.04 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.11 740.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 188.73 740.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 235.79 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.97 740.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 296.03 740.25 Td (law ) Tj ET Q q 0 0 0 rg BT 313.09 740.25 Td (could ) Tj ET Q q 0 0 0 rg BT 338.49 740.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 386.11 740.25 Td (takeover ) Tj ET Q q 0 0 0 rg BT 423.71 740.25 Td (attempts ) Tj ET Q q 0 0 0 rg BT 460.77 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.95 740.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 498.78 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.18 740.25 Td (management ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (entrenchment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 707.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 129.90 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.72 707.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 180.20 707.25 Td (certificate ) Tj ET Q q 0 0 0 rg BT 222.54 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.25 707.25 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 289.50 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.32 707.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 344.79 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.61 707.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 395.08 707.25 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 425.79 707.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 457.61 707.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 501.66 707.25 Td (that ) Tj ET Q q 0 0 0 rg BT 519.03 707.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.63 707.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 695.25 Td (ef) Tj ET Q q 0 0 0 rg BT 71.80 695.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 89.29 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.12 695.25 Td (delaying ) Tj ET Q q 0 0 0 rg BT 137.05 695.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.88 695.25 Td (preventing ) Tj ET Q q 0 0 0 rg BT 193.15 695.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 227.85 695.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.13 695.25 Td (control ) Tj ET Q q 0 0 0 rg BT 268.96 695.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.79 695.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.50 695.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.77 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.60 695.25 Td (board ) Tj ET Q q 0 0 0 rg BT 365.87 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.70 695.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 416.51 695.25 Td (These ) Tj ET Q q 0 0 0 rg BT 442.88 695.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 487.05 695.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 678.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 678.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.83 678.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 151.43 678.25 Td (board ) Tj ET Q q 0 0 0 rg BT 176.04 678.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.20 678.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 223.03 678.25 Td (with ) Tj ET Q q 0 0 0 rg BT 242.64 678.25 Td (three-year ) Tj ET Q q 0 0 0 rg BT 285.01 678.25 Td (staggered ) Tj ET Q q 0 0 0 rg BT 325.16 678.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 351.71 678.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.99 678.25 Td (may ) Tj ET Q q 0 0 0 rg BT 397.05 678.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 420.54 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.60 678.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 461.99 678.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.15 678.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 524.54 678.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.16 678.25 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 666.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 172.20 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.03 666.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.97 666.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 226.35 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.18 666.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.01 666.25 Td (board ) Tj ET Q q 0 0 0 rg BT 278.28 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.11 666.25 Td (directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 649.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 649.25 Td (no ) Tj ET Q q 0 0 0 rg BT 118.11 649.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 165.09 649.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 193.20 649.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.53 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.31 649.25 Td (election ) Tj ET Q q 0 0 0 rg BT 252.51 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.40 649.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 303.44 649.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.43 649.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 355.77 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.54 649.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 398.65 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.53 649.25 Td (minority ) Tj ET Q q 0 0 0 rg BT 446.53 649.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 499.63 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.97 649.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 531.40 649.25 Td (director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 637.25 Td (candidates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 620.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.88 620.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 159.76 620.25 Td (right ) Tj ET Q q 0 0 0 rg BT 180.77 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.21 620.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.66 620.25 Td (board ) Tj ET Q q 0 0 0 rg BT 231.55 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.99 620.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 279.09 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 620.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 309.98 620.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.53 620.25 Td (director ) Tj ET Q q 0 0 0 rg BT 349.74 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.64 620.25 Td (fill ) Tj ET Q q 0 0 0 rg BT 373.42 620.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.98 620.25 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 414.85 620.25 Td (created ) Tj ET Q q 0 0 0 rg BT 445.83 620.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.94 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.28 620.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 514.94 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.39 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.72 620.25 Td (board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 608.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 154.51 608.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.66 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 608.25 Td (resignation, ) Tj ET Q q 0 0 0 rg BT 230.46 608.25 Td (death ) Tj ET Q q 0 0 0 rg BT 254.93 608.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.09 608.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 301.67 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.83 608.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.09 608.25 Td (director) Tj ET Q q 0 0 0 rg BT 350.78 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 356.10 608.25 Td (which ) Tj ET Q q 0 0 0 rg BT 383.36 608.25 Td (prevents ) Tj ET Q q 0 0 0 rg BT 420.06 608.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 473.43 608.25 Td (from ) Tj ET Q q 0 0 0 rg BT 495.69 608.25 Td (being ) Tj ET Q q 0 0 0 rg BT 520.73 608.25 Td (able ) Tj ET Q q 0 0 0 rg BT 540.21 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.81 608.25 Td (fill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 596.25 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 146.91 596.25 Td (on ) Tj ET Q q 0 0 0 rg BT 159.41 596.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.24 596.25 Td (board ) Tj ET Q q 0 0 0 rg BT 200.51 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.34 596.25 Td (directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 579.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 579.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 148.92 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.05 579.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.18 579.25 Td (board ) Tj ET Q q 0 0 0 rg BT 201.74 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.87 579.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 250.66 579.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.24 579.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 304.02 579.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.59 579.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 337.39 579.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.18 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.31 579.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 415.75 579.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.65 579.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.89 579.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.47 579.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 510.25 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.27 579.25 Td (price ) Tj ET Q q 0 0 0 rg BT 548.05 579.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 567.25 Td (other ) Tj ET Q q 0 0 0 rg BT 128.58 567.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 153.29 567.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.11 567.25 Td (those ) Tj ET Q q 0 0 0 rg BT 187.70 567.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 217.68 567.25 Td (including ) Tj ET Q q 0 0 0 rg BT 257.94 567.25 Td (preferences ) Tj ET Q q 0 0 0 rg BT 306.50 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.43 567.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 351.48 567.25 Td (rights, ) Tj ET Q q 0 0 0 rg BT 379.24 567.25 Td (without ) Tj ET Q q 0 0 0 rg BT 412.29 567.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 461.43 567.25 Td (approval, ) Tj ET Q q 0 0 0 rg BT 501.40 567.25 Td (which ) Tj ET Q q 0 0 0 rg BT 528.33 567.25 Td (could ) Tj ET Q q 0 0 0 rg BT 553.03 567.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 555.25 Td (used ) Tj ET Q q 0 0 0 rg BT 126.38 555.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.66 555.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 189.15 555.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 214.42 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.14 555.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 273.30 555.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.13 555.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.07 555.25 Td (hostile ) Tj ET Q q 0 0 0 rg BT 320.23 555.25 Td (acquirer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 538.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.49 538.25 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 159.44 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 171.95 538.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 221.11 538.25 Td (action ) Tj ET Q q 0 0 0 rg BT 248.05 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 260.56 538.25 Td (written ) Tj ET Q q 0 0 0 rg BT 291.39 538.25 Td (consent, ) Tj ET Q q 0 0 0 rg BT 326.94 538.25 Td (which ) Tj ET Q q 0 0 0 rg BT 353.89 538.25 Td (forces ) Tj ET Q q 0 0 0 rg BT 380.82 538.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 429.99 538.25 Td (action ) Tj ET Q q 0 0 0 rg BT 456.93 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.21 538.25 Td (be ) Tj ET Q q 0 0 0 rg BT 479.15 538.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 503.32 538.25 Td (at ) Tj ET Q q 0 0 0 rg BT 513.04 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 524.98 538.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 554.15 538.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 526.25 Td (special ) Tj ET Q q 0 0 0 rg BT 135.81 526.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 170.53 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.36 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.19 526.25 Td (stockholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 509.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.94 509.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 170.42 509.25 Td (that ) Tj ET Q q 0 0 0 rg BT 187.59 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.20 509.25 Td (special ) Tj ET Q q 0 0 0 rg BT 224.13 509.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 258.52 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.02 509.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 321.74 509.25 Td (may ) Tj ET Q q 0 0 0 rg BT 341.13 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 352.74 509.25 Td (called ) Tj ET Q q 0 0 0 rg BT 378.78 509.25 Td (only ) Tj ET Q q 0 0 0 rg BT 398.73 509.25 Td (by ) Tj ET Q q 0 0 0 rg BT 410.90 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.29 509.25 Td (chairman ) Tj ET Q q 0 0 0 rg BT 464.67 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.17 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.56 509.25 Td (board ) Tj ET Q q 0 0 0 rg BT 514.50 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.00 509.25 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.35 497.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 142.93 497.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 183.82 497.25 Td (of) Tj ET Q q 0 0 0 rg BT 191.97 497.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 209.89 497.25 Td (, ) Tj ET Q q 0 0 0 rg BT 214.97 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.78 497.25 Td (president ) Tj ET Q q 0 0 0 rg BT 269.02 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.94 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.74 497.25 Td (board ) Tj ET Q q 0 0 0 rg BT 320.10 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.01 497.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 371.09 497.25 Td (which ) Tj ET Q q 0 0 0 rg BT 398.11 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 417.92 497.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 442.16 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.96 497.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 485.10 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.02 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.93 497.25 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.83 485.25 Td (force ) Tj ET Q q 0 0 0 rg BT 138.87 485.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 195.24 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.07 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 213.01 485.25 Td (proposal ) Tj ET Q q 0 0 0 rg BT 249.94 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 260.77 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.05 485.25 Td (take ) Tj ET Q q 0 0 0 rg BT 290.21 485.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 319.64 485.25 Td (including ) Tj ET Q q 0 0 0 rg BT 359.92 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.63 485.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 409.90 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.73 485.25 Td (directors; ) Tj ET Q q 0 0 0 rg BT 460.99 485.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 468.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 468.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 141.73 468.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 169.59 468.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 216.88 468.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.31 468.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 289.28 468.25 Td (must ) Tj ET Q q 0 0 0 rg BT 312.16 468.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 345.58 468.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.78 468.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.99 468.25 Td (order ) Tj ET Q q 0 0 0 rg BT 402.51 468.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.72 468.25 Td (nominate ) Tj ET Q q 0 0 0 rg BT 454.36 468.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 499.99 468.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.19 468.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.95 468.25 Td (board ) Tj ET Q q 0 0 0 rg BT 554.14 468.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 456.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 142.34 456.25 Td (or ) Tj ET Q q 0 0 0 rg BT 152.47 456.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.05 456.25 Td (propose ) Tj ET Q q 0 0 0 rg BT 195.51 456.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 226.74 456.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.32 456.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.56 456.25 Td (acted ) Tj ET Q q 0 0 0 rg BT 270.45 456.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 292.26 456.25 Td (at ) Tj ET Q q 0 0 0 rg BT 301.27 456.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.51 456.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 360.65 456.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.45 456.25 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 398.96 456.25 Td (which ) Tj ET Q q 0 0 0 rg BT 425.20 456.25 Td (may ) Tj ET Q q 0 0 0 rg BT 444.22 456.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 489.33 456.25 Td (or ) Tj ET Q q 0 0 0 rg BT 499.46 456.25 Td (deter ) Tj ET Q q 0 0 0 rg BT 521.25 456.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.49 456.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 444.25 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 139.84 444.25 Td (from ) Tj ET Q q 0 0 0 rg BT 160.82 444.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 206.79 444.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.77 444.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 258.74 444.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.61 444.25 Td (proxies ) Tj ET Q q 0 0 0 rg BT 299.59 444.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.90 444.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 329.31 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.07 444.25 Td (acquirer) Tj ET Q q 0 0 0 rg BT 376.19 444.25 Td () Tj ET Q q 0 0 0 rg BT 378.97 444.25 Td (s ) Tj ET Q q 0 0 0 rg BT 384.40 444.25 Td (own ) Tj ET Q q 0 0 0 rg BT 403.16 444.25 Td (slate ) Tj ET Q q 0 0 0 rg BT 423.03 444.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.89 444.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 469.42 444.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.29 444.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 519.70 444.25 Td (attempting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 432.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.83 432.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 143.32 432.25 Td (control ) Tj ET Q q 0 0 0 rg BT 174.15 432.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.98 432.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 411.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 411.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.92 411.25 Td (are ) Tj ET Q q 0 0 0 rg BT 103.47 411.25 Td (also ) Tj ET Q q 0 0 0 rg BT 121.92 411.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 152.58 411.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.70 411.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.25 411.25 Td (anti-takeover ) Tj ET Q q 0 0 0 rg BT 247.34 411.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 291.35 411.25 Td (under ) Tj ET Q q 0 0 0 rg BT 316.46 411.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 357.10 411.25 Td (law) Tj ET Q q 0 0 0 rg BT 370.89 411.25 Td (. ) Tj ET Q q 0 0 0 rg BT 375.73 411.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 403.07 411.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 443.71 411.25 Td (law) Tj ET Q q 0 0 0 rg BT 457.50 411.25 Td (, ) Tj ET Q q 0 0 0 rg BT 462.34 411.25 Td (a ) Tj ET Q q 0 0 0 rg BT 469.12 411.25 Td (corporation ) Tj ET Q q 0 0 0 rg BT 517.56 411.25 Td (may ) Tj ET Q q 0 0 0 rg BT 537.12 411.25 Td (not, ) Tj ET Q q 0 0 0 rg BT 554.74 411.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.25 Td (general, ) Tj ET Q q 0 0 0 rg BT 83.65 399.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 114.19 399.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.19 399.25 Td (a ) Tj ET Q q 0 0 0 rg BT 130.86 399.25 Td (business ) Tj ET Q q 0 0 0 rg BT 166.98 399.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 219.19 399.25 Td (with ) Tj ET Q q 0 0 0 rg BT 239.20 399.25 Td (any ) Tj ET Q q 0 0 0 rg BT 255.86 399.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 283.63 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.19 399.25 Td (15% ) Tj ET Q q 0 0 0 rg BT 314.74 399.25 Td (or ) Tj ET Q q 0 0 0 rg BT 325.30 399.25 Td (more ) Tj ET Q q 0 0 0 rg BT 348.07 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.63 399.25 Td (its ) Tj ET Q q 0 0 0 rg BT 370.30 399.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.18 399.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 422.51 399.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 449.74 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.18 399.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 491.95 399.25 Td (has ) Tj ET Q q 0 0 0 rg BT 507.51 399.25 Td (held ) Tj ET Q q 0 0 0 rg BT 526.95 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 399.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 387.25 Td (three ) Tj ET Q q 0 0 0 rg BT 86.15 387.25 Td (years ) Tj ET Q q 0 0 0 rg BT 109.74 387.25 Td (or) Tj ET Q q 0 0 0 rg BT 117.67 387.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.67 387.25 Td (among ) Tj ET Q q 0 0 0 rg BT 152.39 387.25 Td (other ) Tj ET Q q 0 0 0 rg BT 175.44 387.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 204.89 387.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.60 387.25 Td (board ) Tj ET Q q 0 0 0 rg BT 244.87 387.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.70 387.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 293.19 387.25 Td (has ) Tj ET Q q 0 0 0 rg BT 309.02 387.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 348.72 387.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.44 387.25 Td (transaction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 352.43 Td (ITEM1B.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 352.43 Td (UNRESOLVED STAFF COMMENTS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 331.85 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 297.03 Td (ITEM2.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 297.03 Td (PROPERTIES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 276.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.17 276.45 Td (following ) Tj ET Q q 0 0 0 rg BT 131.17 276.45 Td (table ) Tj ET Q q 0 0 0 rg BT 152.72 276.45 Td (sets ) Tj ET Q q 0 0 0 rg BT 169.84 276.45 Td (forth ) Tj ET Q q 0 0 0 rg BT 191.40 276.45 Td (the ) Tj ET Q q 0 0 0 rg BT 205.74 276.45 Td (location ) Tj ET Q q 0 0 0 rg BT 240.07 276.45 Td (and ) Tj ET Q q 0 0 0 rg BT 256.63 276.45 Td (approximate ) Tj ET Q q 0 0 0 rg BT 308.73 276.45 Td (square ) Tj ET Q q 0 0 0 rg BT 336.94 276.45 Td (footage ) Tj ET Q q 0 0 0 rg BT 369.05 276.45 Td (of ) Tj ET Q q 0 0 0 rg BT 379.50 276.45 Td (each ) Tj ET Q q 0 0 0 rg BT 399.93 276.45 Td (of ) Tj ET Q q 0 0 0 rg BT 410.38 276.45 Td (our ) Tj ET Q q 0 0 0 rg BT 425.83 276.45 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.49 276.45 Td (properties. ) Tj ET Q q 0 0 0 rg BT 507.63 276.45 Td (All ) Tj ET Q q 0 0 0 rg BT 522.53 276.45 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.45 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 264.45 Td (leased ) Tj ET Q q 0 0 0 rg BT 91.69 264.45 Td (under ) Tj ET Q q 0 0 0 rg BT 116.96 264.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 157.22 264.45 Td (leases ) Tj ET Q q 0 0 0 rg BT 183.60 264.45 Td (that ) Tj ET Q q 0 0 0 rg BT 201.10 264.45 Td (expire ) Tj ET Q q 0 0 0 rg BT 228.58 264.45 Td (at ) Tj ET Q q 0 0 0 rg BT 238.30 264.45 Td (various ) Tj ET Q q 0 0 0 rg BT 270.24 264.45 Td (times ) Tj ET Q q 0 0 0 rg BT 294.40 264.45 Td (through ) Tj ET Q q 0 0 0 rg BT 328.01 264.45 Td (2019.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 229.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 229.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 229.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 229.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 229.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 204.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 204.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 204.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 204.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 204.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 179.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 179.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 179.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 179.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 179.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 154.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 154.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 154.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 154.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 129.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 129.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 129.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 129.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 129.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 104.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 104.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 104.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 104.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 104.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 79.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 79.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 79.05 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 79.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 79.05 168.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 229.04999999999995 m 218 229.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 229.04999999999995 m 390 229.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 229.04999999999995 m 562 229.04999999999995 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.70 233.72 Td (Location) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.35 233.72 Td (Primary Use) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.60 233.72 Td (ApproximateSquareFootage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 218.72 Td (Pleasanton, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 218.72 Td (Headquarters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 218.72 Td (54,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 193.72 Td (San Diego, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 193.72 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 193.72 Td (4,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 168.72 Td (Omaha, NE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 168.72 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 168.72 Td (10,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 143.72 Td (Irvine, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 143.72 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 143.72 Td (3,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 118.72 Td (Calabasas, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 118.72 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 118.72 Td (2,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 93.72 Td (Parsippany, NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 93.72 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 93.72 Td (2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 69.17 Td (Eagan, MN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 68.72 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 68.72 Td (5,000) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.64 740.10 Td (July ) Tj ET Q q 0 0 0 rg BT 103.12 740.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 128.43 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 142.90 740.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 175.13 740.10 Td (into ) Tj ET Q q 0 0 0 rg BT 193.50 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.74 740.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 223.54 740.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 267.99 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.46 740.10 Td (105,000 ) Tj ET Q q 0 0 0 rg BT 317.77 740.10 Td (square ) Tj ET Q q 0 0 0 rg BT 346.67 740.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 364.47 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.61 740.10 Td (of) Tj ET Q q 0 0 0 rg BT 383.76 740.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 401.55 740.10 Td (space ) Tj ET Q q 0 0 0 rg BT 426.57 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.15 740.10 Td (Pleasanton, ) Tj ET Q q 0 0 0 rg BT 485.79 740.10 Td (California ) Tj ET Q q 0 0 0 rg BT 529.14 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 546.94 740.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 72.52 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.76 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.01 728.10 Td (future ) Tj ET Q q 0 0 0 rg BT 123.81 728.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 163.48 728.10 Td (headquarters. ) Tj ET Q q 0 0 0 rg BT 218.84 728.10 Td (The ) Tj ET Q q 0 0 0 rg BT 236.31 728.10 Td (term ) Tj ET Q q 0 0 0 rg BT 256.55 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.80 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.93 728.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 302.84 728.10 Td (commences ) Tj ET Q q 0 0 0 rg BT 351.96 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.45 728.10 Td (April ) Tj ET Q q 0 0 0 rg BT 386.48 728.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 395.90 728.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 417.81 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.17 728.10 Td (has ) Tj ET Q q 0 0 0 rg BT 449.42 728.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.77 728.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 486.02 728.10 Td (term ) Tj ET Q q 0 0 0 rg BT 506.27 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.51 728.10 Td (1) Tj ET Q q 0 0 0 rg BT 521.14 728.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 533.06 728.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 79.51 716.10 Td (December ) Tj ET Q q 0 0 0 rg BT 123.39 716.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 138.68 716.10 Td (2024.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.18 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.97 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.77 716.10 Td (In ) Tj ET Q q 0 0 0 rg BT 177.89 716.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 215.96 716.10 Td (we ) Tj ET Q q 0 0 0 rg BT 230.41 716.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 262.07 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 279.86 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 295.98 716.10 Td (branch ) Tj ET Q q 0 0 0 rg BT 325.98 716.10 Td (of) Tj ET Q q 0 0 0 rg BT 334.13 716.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 355.80 716.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.80 716.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 409.13 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.58 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.71 716.10 Td (current ) Tj ET Q q 0 0 0 rg BT 470.81 716.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 496.38 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.61 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 531.39 716.10 Td (suitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.82 704.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 143.66 704.10 Td (space ) Tj ET Q q 0 0 0 rg BT 168.36 704.10 Td (will ) Tj ET Q q 0 0 0 rg BT 186.42 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 198.36 704.10 Td (available ) Tj ET Q q 0 0 0 rg BT 236.95 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.78 704.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 278.59 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.87 704.10 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 346.90 704.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 394.92 704.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 437.97 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.80 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.63 704.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 669.28 Td (ITEM3.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 669.28 Td (LEGAL PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 648.70 Td (Information ) Tj ET Q q 0 0 0 rg BT 123.80 648.70 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 167.88 648.70 Td (to ) Tj ET Q q 0 0 0 rg BT 179.20 648.70 Td (our ) Tj ET Q q 0 0 0 rg BT 196.07 648.70 Td (legal ) Tj ET Q q 0 0 0 rg BT 219.04 648.70 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 270.90 648.70 Td (is ) Tj ET Q q 0 0 0 rg BT 281.11 648.70 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 335.18 648.70 Td (by ) Tj ET Q q 0 0 0 rg BT 348.72 648.70 Td (reference ) Tj ET Q q 0 0 0 rg BT 389.44 648.70 Td (from ) Tj ET Q q 0 0 0 rg BT 412.42 648.70 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.39 648.70 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.39 648.70 Td ( ) Tj ET Q q 0 0 0 rg BT 443.93 648.70 Td (of ) Tj ET Q q 0 0 0 rg BT 455.80 648.70 Td (the ) Tj ET Q q 0 0 0 rg BT 471.56 648.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 498.43 648.70 Td (to ) Tj ET Q q 0 0 0 rg BT 509.74 648.70 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 636.70 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 601.88 Td (ITEM4.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 601.88 Td (MINE SAFETY DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.30 Td (Not applicable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 549.50 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 549.50 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 549.50 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 549.50 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 515.73 Td (ITEM5.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 515.73 Td (MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 505.73 Td (ISSUER PURCHASES OF EQUITY SECURITIES) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 475.20 Td (Market Information for) Tj ET Q q 0 0 0 rg BT 151.52 475.20 Td ( Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 458.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.55 458.80 Td (common ) Tj ET Q q 0 0 0 rg BT 128.05 458.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 151.66 458.80 Td (has ) Tj ET Q q 0 0 0 rg BT 167.49 458.80 Td (been ) Tj ET Q q 0 0 0 rg BT 188.87 458.80 Td (traded ) Tj ET Q q 0 0 0 rg BT 216.36 458.80 Td (on ) Tj ET Q q 0 0 0 rg BT 228.86 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 243.58 458.80 Td (New ) Tj ET Q q 0 0 0 rg BT 264.59 458.80 Td (Y) Tj ET Q q 0 0 0 rg BT 270.81 458.80 Td (ork ) Tj ET Q q 0 0 0 rg BT 286.64 458.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 311.92 458.80 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 356.35 458.80 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 458.80 Td (NYSE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.29 458.80 Td (, ) Tj ET Q q 0 0 0 rg BT 398.29 458.80 Td (under ) Tj ET Q q 0 0 0 rg BT 423.56 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 438.28 458.80 Td (symbol ) Tj ET Q q 0 0 0 rg BT 470.23 458.80 Td (ELLI. ) Tj ET Q q 0 0 0 rg BT 505.58 458.80 Td (The ) Tj ET Q q 0 0 0 rg BT 523.63 458.80 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.80 Td (table ) Tj ET Q q 0 0 0 rg BT 71.43 446.80 Td (sets ) Tj ET Q q 0 0 0 rg BT 88.93 446.80 Td (forth ) Tj ET Q q 0 0 0 rg BT 110.87 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 125.59 446.80 Td (high ) Tj ET Q q 0 0 0 rg BT 145.87 446.80 Td (and ) Tj ET Q q 0 0 0 rg BT 162.81 446.80 Td (low ) Tj ET Q q 0 0 0 rg BT 180.31 446.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 202.24 446.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 228.62 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 239.45 446.80 Td (our ) Tj ET Q q 0 0 0 rg BT 255.28 446.80 Td (common ) Tj ET Q q 0 0 0 rg BT 292.78 446.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 316.38 446.80 Td (as ) Tj ET Q q 0 0 0 rg BT 327.21 446.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 363.03 446.80 Td (on ) Tj ET Q q 0 0 0 rg BT 375.53 446.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.25 446.80 Td (NYSE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.36 446.80 Td ( ) Tj ET Q q 0 0 0 rg BT 418.86 446.80 Td (for ) Tj ET Q q 0 0 0 rg BT 433.02 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 447.74 446.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 479.68 446.80 Td (indicated.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 415.40 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 415.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 415.40 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 415.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 389.40 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 389.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 389.40 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 389.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 363.40 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 363.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 363.40 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 363.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 337.40 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 337.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 337.40 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 337.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 311.40 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 311.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 311.40 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 311.40 41.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 415.4 m 515 415.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 415.4 m 562 415.4 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.55 417.18 Td (Low) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.40 417.18 Td (High) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 406.13 Td (Year ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 392.97 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 392.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 392.97 Td (18.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 392.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 392.97 Td (30.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 379.97 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 379.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 379.97 Td (21.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 379.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 379.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 379.97 Td (26.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 366.97 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 366.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 366.97 Td (21.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 366.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 366.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 366.97 Td (32.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 353.97 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 353.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 353.97 Td (22.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 353.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 353.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 353.97 Td (33.24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 341.13 Td (Year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 327.97 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 327.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 327.97 Td (23.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 327.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 327.97 Td (32.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 314.97 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 314.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 314.97 Td (23.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 314.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 314.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 314.97 Td (31.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 301.97 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 301.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 301.97 Td (27.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 301.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 301.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 301.97 Td (36.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 288.97 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 288.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 288.97 Td (31.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 288.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 288.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 288.97 Td (42.66) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 259.60 Td (Holders of Our) Tj ET Q q 0 0 0 rg BT 114.31 259.60 Td ( Common Shar) Tj ET Q q 0 0 0 rg BT 179.14 259.60 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 243.20 Td (As ) Tj ET Q q 0 0 0 rg BT 85.92 243.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.56 243.20 Td (February27, ) Tj ET Q q 0 0 0 rg BT 149.96 243.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.96 243.20 Td (, ) Tj ET Q q 0 0 0 rg BT 174.77 243.20 Td (there ) Tj ET Q q 0 0 0 rg BT 197.06 243.20 Td (were ) Tj ET Q q 0 0 0 rg BT 218.80 243.20 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.86 243.20 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.86 243.20 Td (holders ) Tj ET Q q 0 0 0 rg BT 323.11 243.20 Td (of ) Tj ET Q q 0 0 0 rg BT 333.75 243.20 Td (record ) Tj ET Q q 0 0 0 rg BT 361.59 243.20 Td (of ) Tj ET Q q 0 0 0 rg BT 372.23 243.20 Td (our ) Tj ET Q q 0 0 0 rg BT 387.87 243.20 Td (common ) Tj ET Q q 0 0 0 rg BT 425.17 243.20 Td (stock. ) Tj ET Q q 0 0 0 rg BT 451.08 243.20 Td (Because ) Tj ET Q q 0 0 0 rg BT 486.71 243.20 Td (many ) Tj ET Q q 0 0 0 rg BT 511.23 243.20 Td (of ) Tj ET Q q 0 0 0 rg BT 521.87 243.20 Td (our ) Tj ET Q q 0 0 0 rg BT 537.50 243.20 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.20 Td (are ) Tj ET Q q 0 0 0 rg BT 64.55 231.20 Td (held ) Tj ET Q q 0 0 0 rg BT 84.60 231.20 Td (by ) Tj ET Q q 0 0 0 rg BT 97.44 231.20 Td (brokers ) Tj ET Q q 0 0 0 rg BT 130.27 231.20 Td (and ) Tj ET Q q 0 0 0 rg BT 147.54 231.20 Td (other ) Tj ET Q q 0 0 0 rg BT 170.93 231.20 Td (institutions ) Tj ET Q q 0 0 0 rg BT 218.22 231.20 Td (on ) Tj ET Q q 0 0 0 rg BT 231.06 231.20 Td (behalf ) Tj ET Q q 0 0 0 rg BT 258.88 231.20 Td (of ) Tj ET Q q 0 0 0 rg BT 270.05 231.20 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 325.94 231.20 Td (we ) Tj ET Q q 0 0 0 rg BT 340.44 231.20 Td (are ) Tj ET Q q 0 0 0 rg BT 355.48 231.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 384.97 231.20 Td (to ) Tj ET Q q 0 0 0 rg BT 395.59 231.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 431.75 231.20 Td (the ) Tj ET Q q 0 0 0 rg BT 446.81 231.20 Td (total ) Tj ET Q q 0 0 0 rg BT 467.42 231.20 Td (number ) Tj ET Q q 0 0 0 rg BT 500.80 231.20 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 231.20 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.20 Td (represented ) Tj ET Q q 0 0 0 rg BT 98.08 219.20 Td (by ) Tj ET Q q 0 0 0 rg BT 110.58 219.20 Td (these ) Tj ET Q q 0 0 0 rg BT 133.63 219.20 Td (record ) Tj ET Q q 0 0 0 rg BT 161.67 219.20 Td (holders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 192.90 Td (Dividend Policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 176.50 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 176.50 Td (e ) Tj ET Q q 0 0 0 rg BT 88.22 176.50 Td (have ) Tj ET Q q 0 0 0 rg BT 109.75 176.50 Td (never ) Tj ET Q q 0 0 0 rg BT 134.60 176.50 Td (declared ) Tj ET Q q 0 0 0 rg BT 171.11 176.50 Td (or ) Tj ET Q q 0 0 0 rg BT 182.08 176.50 Td (paid, ) Tj ET Q q 0 0 0 rg BT 204.45 176.50 Td (and ) Tj ET Q q 0 0 0 rg BT 221.53 176.50 Td (do ) Tj ET Q q 0 0 0 rg BT 234.18 176.50 Td (not ) Tj ET Q q 0 0 0 rg BT 249.60 176.50 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 291.12 176.50 Td (declaring ) Tj ET Q q 0 0 0 rg BT 330.97 176.50 Td (or ) Tj ET Q q 0 0 0 rg BT 341.94 176.50 Td (paying, ) Tj ET Q q 0 0 0 rg BT 374.31 176.50 Td (any ) Tj ET Q q 0 0 0 rg BT 391.39 176.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.81 176.50 Td (dividends ) Tj ET Q q 0 0 0 rg BT 453.34 176.50 Td (on ) Tj ET Q q 0 0 0 rg BT 465.99 176.50 Td (our ) Tj ET Q q 0 0 0 rg BT 481.96 176.50 Td (common ) Tj ET Q q 0 0 0 rg BT 519.60 176.50 Td (stock. ) Tj ET Q q 0 0 0 rg BT 545.28 176.50 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.50 Td (future ) Tj ET Q q 0 0 0 rg BT 75.82 164.50 Td (determination ) Tj ET Q q 0 0 0 rg BT 133.81 164.50 Td (as ) Tj ET Q q 0 0 0 rg BT 144.58 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 154.81 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 169.47 164.50 Td (declaration ) Tj ET Q q 0 0 0 rg BT 216.34 164.50 Td (and ) Tj ET Q q 0 0 0 rg BT 233.22 164.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 270.10 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.88 164.50 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 324.71 164.50 Td (if ) Tj ET Q q 0 0 0 rg BT 333.26 164.50 Td (any) Tj ET Q q 0 0 0 rg BT 347.05 164.50 Td (, ) Tj ET Q q 0 0 0 rg BT 352.00 164.50 Td (will ) Tj ET Q q 0 0 0 rg BT 370.00 164.50 Td (be ) Tj ET Q q 0 0 0 rg BT 381.89 164.50 Td (at ) Tj ET Q q 0 0 0 rg BT 391.55 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 406.21 164.50 Td (discretion ) Tj ET Q q 0 0 0 rg BT 448.09 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 458.87 164.50 Td (our ) Tj ET Q q 0 0 0 rg BT 474.65 164.50 Td (board ) Tj ET Q q 0 0 0 rg BT 499.86 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 510.64 164.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 548.07 164.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.50 Td (will ) Tj ET Q q 0 0 0 rg BT 68.97 152.50 Td (depend ) Tj ET Q q 0 0 0 rg BT 101.76 152.50 Td (on ) Tj ET Q q 0 0 0 rg BT 115.67 152.50 Td (then ) Tj ET Q q 0 0 0 rg BT 136.80 152.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 172.38 152.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 220.46 152.50 Td (including ) Tj ET Q q 0 0 0 rg BT 262.15 152.50 Td (our ) Tj ET Q q 0 0 0 rg BT 279.39 152.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.29 152.50 Td (condition, ) Tj ET Q q 0 0 0 rg BT 362.47 152.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 404.15 152.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 436.67 152.50 Td (contractual ) Tj ET Q q 0 0 0 rg BT 485.01 152.50 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 535.85 152.50 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.50 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.70 140.50 Td (business ) Tj ET Q q 0 0 0 rg BT 143.09 140.50 Td (prospects ) Tj ET Q q 0 0 0 rg BT 183.36 140.50 Td (and ) Tj ET Q q 0 0 0 rg BT 200.30 140.50 Td (other ) Tj ET Q q 0 0 0 rg BT 223.35 140.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 253.05 140.50 Td (our ) Tj ET Q q 0 0 0 rg BT 268.88 140.50 Td (board ) Tj ET Q q 0 0 0 rg BT 294.15 140.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.98 140.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 342.47 140.50 Td (may ) Tj ET Q q 0 0 0 rg BT 362.19 140.50 Td (deem ) Tj ET Q q 0 0 0 rg BT 386.34 140.50 Td (relevant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 114.20 Td (Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 97.80 Td (The following graph compares the total cumulative shareholder return on our common stock with the total cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.80 Td (return of the NYSE Composite Index, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.30 85.80 Td (S&P) Tj ET Q q 0 0 0 rg BT 253.83 85.80 Td ( 500 North ) Tj ET Q q 0 0 0 rg BT 299.10 85.80 Td (American ) Tj ET Q q 0 0 0 rg BT 340.85 85.80 Td (T) Tj ET Q q 0 0 0 rg BT 346.26 85.80 Td (echnology-Software Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.61 85.80 Td ( for the period from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.80 Td (April15, 201) Tj ET Q q 0 0 0 rg BT 102.74 73.80 Td (1 \(the date our common stock commenced trading on the NYSE MKT\) through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 73.80 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.08 73.80 Td (. ) Tj ET Q q 0 0 0 rg BT 506.90 73.80 Td (The graph ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.80 Td (reflects the closing sales price of $6.77 per share on ) Tj ET Q q 0 0 0 rg BT 258.60 61.80 Td (April15, 201) Tj ET Q q 0 0 0 rg BT 311.83 61.80 Td (1 as the initial value of our common stock.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (27) Tj ET Q /GS0 gs q 513.00 0 0 430.20 61.00 316.83 cm /I24 Do Q 0.8 0.9333333333333333 1 rg /GS0 gs 60.50 291.35 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 291.35 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 291.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 291.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 291.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 291.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 291.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 291.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 291.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 291.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 60.50 261.35 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 261.35 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 261.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 261.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 261.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 261.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 261.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 261.35 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 261.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 261.35 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 291.35 m 346.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 291.35 m 397.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 291.35 m 402.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 291.35 m 448.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 291.35 m 453.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 291.35 m 499.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 291.35 m 504.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 291.35 m 550.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 291.35 m 346.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 291.35 m 397.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 291.35 m 402.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 291.35 m 448.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 291.35 m 453.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 291.35 m 499.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 291.35 m 504.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 291.35 m 550.5 291.35 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 296.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.95 295.58 Td (4/15/2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.95 295.58 Td (12/31/2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.75 295.58 Td (12/31/2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.75 295.58 Td (12/31/2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.75 295.58 Td (12/31/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 281.02 Td (Ellie Mae, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.10 281.02 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 281.02 Td (83.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 281.02 Td (409.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 281.02 Td (396.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 281.02 Td (595.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 266.02 Td (NYSE Composite) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.10 266.02 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 266.02 Td (90.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 266.02 Td (105.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 266.02 Td (132.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 266.02 Td (141.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.02 Td (S&P 500 North American Technology-Software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.10 251.02 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 251.02 Td (87.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 251.02 Td (102.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 251.02 Td (134.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 251.02 Td (153.44) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 226.92 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.92 Td (Assumes that $100.00 was invested in our common stock and in each index at market closing prices on April15, 2011,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 216.92 Td (and that all dividends were reinvested. The graph assumes our closing sales price on April 15, 2011 of $6.77 per share as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 206.92 Td (the initial value of our common stock. No cash dividends have been declared on our common stock since our initial public) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.92 Td (offering. Stockholder returns over the indicated period should not be considered indicative of future share prices or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.92 Td (stockholder returns.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 165.45 Td (This ) Tj ET Q q 0 0 0 rg BT 91.62 165.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 144.60 165.45 Td (graph ) Tj ET Q q 0 0 0 rg BT 170.38 165.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 191.71 165.45 Td (not ) Tj ET Q q 0 0 0 rg BT 206.37 165.45 Td (be ) Tj ET Q q 0 0 0 rg BT 217.70 165.45 Td (deemed ) Tj ET Q q 0 0 0 rg BT 250.12 165.45 Td (filed ) Tj ET Q q 0 0 0 rg BT 280.90 165.45 Td (for ) Tj ET Q q 0 0 0 rg BT 294.45 165.45 Td (purposes ) Tj ET Q q 0 0 0 rg BT 332.45 165.45 Td (of ) Tj ET Q q 0 0 0 rg BT 342.11 165.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 373.43 165.45 Td (18 ) Tj ET Q q 0 0 0 rg BT 385.32 165.45 Td (of ) Tj ET Q q 0 0 0 rg BT 394.98 165.45 Td (the ) Tj ET Q q 0 0 0 rg BT 409.08 165.45 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 450.25 165.45 Td (Act ) Tj ET Q q 0 0 0 rg BT 465.46 165.45 Td (of ) Tj ET Q q 0 0 0 rg BT 475.13 165.45 Td (1934, ) Tj ET Q q 0 0 0 rg BT 499.51 165.45 Td (or ) Tj ET Q q 0 0 0 rg BT 510.29 165.45 Td (incorporated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 153.45 Td (by ) Tj ET Q q 0 0 0 rg BT 61.51 153.45 Td (r) Tj ET Q q 0 0 0 rg BT 65.03 153.45 Td (efer) Tj ET Q q 0 0 0 rg BT 80.21 153.45 Td (ence ) Tj ET Q q 0 0 0 rg BT 101.09 153.45 Td (into ) Tj ET Q q 0 0 0 rg BT 119.22 153.45 Td (any ) Tj ET Q q 0 0 0 rg BT 136.23 153.45 Td (filing ) Tj ET Q q 0 0 0 rg BT 159.92 153.45 Td (of ) Tj ET Q q 0 0 0 rg BT 170.27 153.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 191.72 153.45 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 214.57 153.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 232.41 153.45 Td (under ) Tj ET Q q 0 0 0 rg BT 258.31 153.45 Td (the ) Tj ET Q q 0 0 0 rg BT 273.10 153.45 Td (Securities ) Tj ET Q q 0 0 0 rg BT 314.92 153.45 Td (Act ) Tj ET Q q 0 0 0 rg BT 330.81 153.45 Td (of ) Tj ET Q q 0 0 0 rg BT 341.17 153.45 Td (1933, ) Tj ET Q q 0 0 0 rg BT 366.24 153.45 Td (as ) Tj ET Q q 0 0 0 rg BT 377.70 153.45 Td (amended ) Tj ET Q q 0 0 0 rg BT 416.37 153.45 Td (except ) Tj ET Q q 0 0 0 rg BT 444.48 153.45 Td (as ) Tj ET Q q 0 0 0 rg BT 455.94 153.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 477.96 153.45 Td (be ) Tj ET Q q 0 0 0 rg BT 489.97 153.45 Td (expr) Tj ET Q q 0 0 0 rg BT 507.37 153.45 Td (essly ) Tj ET Q q 0 0 0 rg BT 529.38 153.45 Td (set ) Tj ET Q q 0 0 0 rg BT 543.06 153.45 Td (forth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (by ) Tj ET Q q 0 0 0 rg BT 61.44 141.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 94.48 141.45 Td (r) Tj ET Q q 0 0 0 rg BT 98.00 141.45 Td (efer) Tj ET Q q 0 0 0 rg BT 113.18 141.45 Td (ence ) Tj ET Q q 0 0 0 rg BT 133.99 141.45 Td (in ) Tj ET Q q 0 0 0 rg BT 144.27 141.45 Td (such ) Tj ET Q q 0 0 0 rg BT 165.10 141.45 Td (filing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 115.15 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.43 115.15 Td (Sales ) Tj ET Q q 0 0 0 rg BT 105.60 115.15 Td (of ) Tj ET Q q 0 0 0 rg BT 116.43 115.15 Td (Unr) Tj ET Q q 0 0 0 rg BT 133.47 115.15 Td (egister) Tj ET Q q 0 0 0 rg BT 161.60 115.15 Td (ed ) Tj ET Q q 0 0 0 rg BT 174.10 115.15 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 98.75 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 76.85 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.43 76.85 Td (chases ) Tj ET Q q 0 0 0 rg BT 95.15 76.85 Td (of ) Tj ET Q q 0 0 0 rg BT 105.98 76.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 137.38 76.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 181.54 76.85 Td (by ) Tj ET Q q 0 0 0 rg BT 194.60 76.85 Td (the ) Tj ET Q q 0 0 0 rg BT 210.43 76.85 Td (Issuer) Tj ET Q q 0 0 0 rg BT 236.36 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 238.86 76.85 Td (and ) Tj ET Q q 0 0 0 rg BT 256.93 76.85 Td (Affiliated ) Tj ET Q q 0 0 0 rg BT 299.98 76.85 Td (Pur) Tj ET Q q 0 0 0 rg BT 315.91 76.85 Td (chasers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 60.45 Td (None.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 737.23 Td (ITEM6.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 737.23 Td (SELECTED CONSOLIDATED FINANCIAL DATA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 715.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.19 715.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.87 715.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 187.22 715.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.69 715.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 241.48 715.60 Td (data ) Tj ET Q q 0 0 0 rg BT 260.27 715.60 Td (for ) Tj ET Q q 0 0 0 rg BT 274.07 715.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.43 715.60 Td (years ) Tj ET Q q 0 0 0 rg BT 311.67 715.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 337.68 715.60 Td (December ) Tj ET Q q 0 0 0 rg BT 380.90 715.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.54 715.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 420.18 715.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 442.32 715.60 Td (and ) Tj ET Q q 0 0 0 rg BT 458.90 715.60 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.90 715.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.04 715.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.61 715.60 Td (the ) Tj ET Q q 0 0 0 rg BT 511.97 715.60 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 703.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.83 703.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 110.07 703.60 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.53 703.60 Td (as ) Tj ET Q q 0 0 0 rg BT 140.66 703.60 Td (of ) Tj ET Q q 0 0 0 rg BT 151.79 703.60 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.88 703.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.68 703.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.68 703.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.48 703.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.72 703.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.72 703.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.52 703.60 Td (are ) Tj ET Q q 0 0 0 rg BT 288.53 703.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 321.32 703.60 Td (from ) Tj ET Q q 0 0 0 rg BT 343.56 703.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.69 703.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 391.93 703.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 445.27 703.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.05 703.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 528.07 703.60 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 691.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 91.79 691.60 Td (in ) Tj ET Q q 0 0 0 rg BT 101.89 691.60 Td (this ) Tj ET Q q 0 0 0 rg BT 118.65 691.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 147.18 691.60 Td (The ) Tj ET Q q 0 0 0 rg BT 165.04 691.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 217.90 691.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 262.42 691.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.07 691.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 317.04 691.60 Td (data ) Tj ET Q q 0 0 0 rg BT 336.01 691.60 Td (for ) Tj ET Q q 0 0 0 rg BT 349.99 691.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.52 691.60 Td (years ) Tj ET Q q 0 0 0 rg BT 387.94 691.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 414.13 691.60 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.53 691.60 Td (201) Tj ET Q q 0 0 0 rg BT 487.16 691.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.16 691.60 Td ( ) Tj ET Q q 0 0 0 rg BT 494.47 691.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.23 691.60 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.23 691.60 Td ( ) Tj ET Q q 0 0 0 rg BT 533.54 691.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 691.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 679.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.08 679.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 136.65 679.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 164.12 679.60 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.81 679.60 Td (as ) Tj ET Q q 0 0 0 rg BT 195.18 679.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.54 679.60 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.63 679.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.67 679.60 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.67 679.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.20 679.60 Td (201) Tj ET Q q 0 0 0 rg BT 305.83 679.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.83 679.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.87 679.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.34 679.60 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.34 679.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.38 679.60 Td (are ) Tj ET Q q 0 0 0 rg BT 369.62 679.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 402.64 679.60 Td (from ) Tj ET Q q 0 0 0 rg BT 425.12 679.60 Td (our ) Tj ET Q q 0 0 0 rg BT 441.48 679.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 473.95 679.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 679.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 667.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.43 667.60 Td (not ) Tj ET Q q 0 0 0 rg BT 109.93 667.60 Td (included ) Tj ET Q q 0 0 0 rg BT 147.09 667.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 189.78 667.60 Td (in ) Tj ET Q q 0 0 0 rg BT 200.28 667.60 Td (this ) Tj ET Q q 0 0 0 rg BT 217.45 667.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 246.55 667.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 264.82 667.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 304.76 667.60 Td (results ) Tj ET Q q 0 0 0 rg BT 333.59 667.60 Td (are ) Tj ET Q q 0 0 0 rg BT 348.52 667.60 Td (not ) Tj ET Q q 0 0 0 rg BT 364.01 667.60 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 411.16 667.60 Td (indicative ) Tj ET Q q 0 0 0 rg BT 453.31 667.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.36 667.60 Td (future ) Tj ET Q q 0 0 0 rg BT 490.96 667.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 546.30 667.60 Td (Y) Tj ET Q q 0 0 0 rg BT 552.52 667.60 Td (ou ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.60 Td (should ) Tj ET Q q 0 0 0 rg BT 78.19 655.60 Td (read ) Tj ET Q q 0 0 0 rg BT 97.41 655.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.64 655.60 Td (following ) Tj ET Q q 0 0 0 rg BT 152.55 655.60 Td (selected ) Tj ET Q q 0 0 0 rg BT 186.77 655.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 239.32 655.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.32 655.60 Td (data ) Tj ET Q q 0 0 0 rg BT 294.99 655.60 Td (below ) Tj ET Q q 0 0 0 rg BT 321.45 655.60 Td (in ) Tj ET Q q 0 0 0 rg BT 331.24 655.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 380.47 655.60 Td (with ) Tj ET Q q 0 0 0 rg BT 400.27 655.60 Td (Management) Tj ET Q q 0 0 0 rg BT 459.69 655.60 Td (s ) Tj ET Q q 0 0 0 rg BT 465.59 655.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 511.50 655.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.51 655.60 Td (Analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.06 643.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 101.51 643.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 144.75 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.42 643.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 195.11 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.67 643.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 258.22 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.90 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.35 643.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.13 643.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.34 643.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 431.29 643.60 Td (related ) Tj ET Q q 0 0 0 rg BT 461.72 643.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 486.07 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.74 643.60 Td (other ) Tj ET Q q 0 0 0 rg BT 527.52 643.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.60 Td (information ) Tj ET Q q 0 0 0 rg BT 99.29 631.60 Td (included ) Tj ET Q q 0 0 0 rg BT 136.30 631.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 178.86 631.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.22 631.60 Td (this ) Tj ET Q q 0 0 0 rg BT 206.25 631.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 235.02 631.60 Td (The ) Tj ET Q q 0 0 0 rg BT 253.14 631.60 Td (selected ) Tj ET Q q 0 0 0 rg BT 287.92 631.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 341.05 631.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.61 631.60 Td (data ) Tj ET Q q 0 0 0 rg BT 397.84 631.60 Td (in ) Tj ET Q q 0 0 0 rg BT 408.20 631.60 Td (this ) Tj ET Q q 0 0 0 rg BT 425.23 631.60 Td (section ) Tj ET Q q 0 0 0 rg BT 456.13 631.60 Td (are ) Tj ET Q q 0 0 0 rg BT 470.92 631.60 Td (not ) Tj ET Q q 0 0 0 rg BT 486.28 631.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 523.29 631.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.65 631.60 Td (replace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 619.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.16 619.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 117.14 619.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.57 619.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 199.22 619.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.10 619.60 Td (are ) Tj ET Q q 0 0 0 rg BT 230.75 619.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 268.74 619.60 Td (in ) Tj ET Q q 0 0 0 rg BT 278.96 619.60 Td (their ) Tj ET Q q 0 0 0 rg BT 299.73 619.60 Td (entirety ) Tj ET Q q 0 0 0 rg BT 332.71 619.60 Td (by ) Tj ET Q q 0 0 0 rg BT 345.16 619.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.82 619.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 412.80 619.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.22 619.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 494.88 619.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.76 619.60 Td (related ) Tj ET Q q 0 0 0 rg BT 541.40 619.60 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.60 Td (included ) Tj ET Q q 0 0 0 rg BT 86.43 607.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 128.91 607.60 Td (in ) Tj ET Q q 0 0 0 rg BT 139.19 607.60 Td (this ) Tj ET Q q 0 0 0 rg BT 156.14 607.60 Td (report.) 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0.9333333333333333 1 rg /GS0 gs 330.00 522.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 522.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 522.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 522.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 492.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 492.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 492.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 492.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 492.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 492.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 492.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 492.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 492.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 492.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 462.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 462.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 462.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 462.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 462.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 462.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 462.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 462.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 462.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 462.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 432.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 432.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 432.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 432.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 432.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 432.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 432.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 432.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 432.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 432.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 402.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 402.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 402.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 402.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 402.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 402.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 402.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 402.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 402.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 402.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 372.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 372.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 372.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 372.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 372.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 372.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 372.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 372.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 372.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 372.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 342.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 342.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 342.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 342.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 342.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 342.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 312.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 312.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 312.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 312.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 312.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 312.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 282.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 282.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 282.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 282.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 282.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 282.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 282.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 282.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 282.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 282.10 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 582.1 m 326 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 567.1 m 326 567.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 582.1 m 330 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 582.1 m 385 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 567.1 m 385 567.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 582.1 m 389 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 582.1 m 444 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 567.1 m 444 567.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 582.1 m 448 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 582.1 m 503 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 567.1 m 503 567.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 582.1 m 507 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 582.1 m 562 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 567.1 m 562 567.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 507.1 m 326 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 507.1 m 385 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 507.1 m 444 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 507.1 m 503 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 507.1 m 562 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 432.1 m 326 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 432.1 m 385 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 432.1 m 444 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 432.1 m 503 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 432.1 m 562 432.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 417.1 m 326 417.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 417.1 m 385 417.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 417.1 m 444 417.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 417.1 m 503 417.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 417.1 m 562 417.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 387.1 m 326 387.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 387.1 m 385 387.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 387.1 m 444 387.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 387.1 m 503 387.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 387.1 m 562 387.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 357.1 m 562 357.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 357.1 m 326 357.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 343.1 m 326 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 341.1 m 326 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 357.1 m 385 357.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 343.1 m 385 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 341.1 m 385 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 357.1 m 444 357.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 343.1 m 444 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 341.1 m 444 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 357.1 m 503 357.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 343.1 m 503 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 341.1 m 503 341.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 357.1 m 562 357.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 343.1 m 562 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 341.1 m 562 341.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 586.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.60 586.33 Td (Year ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 571.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 571.33 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.50 571.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.30 571.33 Td (2013 \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 571.33 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.50 571.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 571.33 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 571.33 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 556.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 556.33 Td (\(in thousands, except share and per share data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 541.78 Td (Consolidated Statements of Operations Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 527.67 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 526.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 526.77 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 526.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 526.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 526.77 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 526.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 526.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 526.77 Td (101,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 526.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 526.77 Td (55,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 526.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 526.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 526.77 Td (43,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 512.67 Td (Cost of revenues \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 511.77 Td (46,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 511.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 511.77 Td (32,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 511.77 Td (23,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 511.77 Td (15,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 511.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 511.77 Td (12,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 497.67 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 496.77 Td (115,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 496.77 Td (95,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 496.77 Td (78,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 496.77 Td (39,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 496.77 Td (30,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 482.67 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 481.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 467.67 Td (Sales and marketing \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 466.77 Td (26,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 466.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 466.77 Td (21,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 466.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 466.77 Td (17,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 466.77 Td (12,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 466.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 466.77 Td (9,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 452.67 Td (Research and development \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 451.77 Td (28,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 451.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 451.77 Td (24,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 451.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 451.77 Td (18,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 451.77 Td (12,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 451.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 451.77 Td (10,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 437.67 Td (General and administrative \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 436.77 Td (39,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 436.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 436.77 Td (30,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 436.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 436.77 Td (21,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 436.77 Td (12,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 436.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 436.77 Td (9,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 422.67 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 421.77 Td (94,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 421.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 421.77 Td (76,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 421.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 421.77 Td (57,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 421.77 Td (38,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 421.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 421.77 Td (29,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 407.67 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 406.77 Td (21,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 406.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 406.77 Td (18,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 406.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 406.77 Td (21,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 406.77 Td (1,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 406.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 406.77 Td (883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 392.67 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 391.77 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 391.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 391.77 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 391.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.80 391.82 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 391.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 391.77 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 391.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 391.77 Td (119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 377.67 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 376.77 Td (21,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 376.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 376.77 Td (19,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 376.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 376.77 Td (21,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 376.77 Td (1,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 376.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 376.77 Td (1,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 362.67 Td (Income tax provision \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 361.77 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 361.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 361.77 Td (6,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 361.77 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 361.82 Td (\(1,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 361.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 361.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 361.77 Td (225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 347.67 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 346.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 346.77 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 346.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 346.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 346.77 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 346.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 346.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 346.77 Td (19,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 346.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 346.77 Td (3,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 346.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 346.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 346.77 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 332.67 Td (Net income per share of common stock:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 331.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.50 317.67 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 316.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 316.77 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 316.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 316.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 316.77 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 316.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 316.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 316.77 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 316.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 316.77 Td (0.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 316.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 316.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 316.77 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.50 302.67 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 301.77 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 301.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 301.77 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 301.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 301.77 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 301.77 Td (0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 301.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 301.77 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 287.67 Td (Weighted average shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.50 272.67 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 271.77 Td (27,858,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 271.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 271.77 Td (26,581,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 271.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.10 271.77 Td (23,523,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 271.77 Td (15,618,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 271.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 271.77 Td (3,495,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.50 257.67 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 256.77 Td (29,593,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 256.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 256.77 Td (28,502,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 256.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.10 256.77 Td (25,537,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 256.77 Td (20,649,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 256.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 256.77 Td (17,146,735) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 203.10 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 203.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 203.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 203.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 203.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 203.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 203.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 203.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 203.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 203.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 174.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 174.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 174.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 174.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 174.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 174.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 174.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 174.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 174.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 174.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 144.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 144.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 144.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 144.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 144.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 144.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 144.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 144.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 144.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 144.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 114.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 114.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 114.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 114.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 114.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 114.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 114.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 114.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 114.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 114.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 74.10 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 74.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 74.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 74.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 74.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 74.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 74.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 74.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 74.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 74.10 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 229.10000000000002 m 326 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 216.10000000000002 m 326 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 229.10000000000002 m 330 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 229.10000000000002 m 385 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 216.10000000000002 m 385 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 229.10000000000002 m 389 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 229.10000000000002 m 444 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 216.10000000000002 m 444 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 229.10000000000002 m 448 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 229.10000000000002 m 503 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 216.10000000000002 m 503 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 229.10000000000002 m 507 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 229.10000000000002 m 562 229.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 216.10000000000002 m 562 216.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.75 233.33 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 220.33 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.50 220.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.30 220.33 Td (2013 \(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.50 220.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 220.33 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.50 220.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 220.33 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 220.33 Td (2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.65 207.33 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 193.78 Td (Consolidated Balance Sheet Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 179.67 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 178.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 178.77 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 178.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 178.77 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 178.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 178.77 Td (44,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 178.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 178.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 178.77 Td (23,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 178.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 178.77 Td (14,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 164.67 Td (Short-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 163.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 163.77 Td (49,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 163.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 163.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 163.77 Td (46,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 163.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 163.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 163.77 Td (16,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 163.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 163.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 163.77 Td (1,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 163.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 163.77 Td (2,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 149.67 Td (Long-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 148.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 148.77 Td (58,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 148.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 148.77 Td (56,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 148.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 148.77 Td (43,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 148.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 148.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 148.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 148.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 134.67 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 133.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 133.77 Td (28,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 133.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 133.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 133.77 Td (12,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 133.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 133.77 Td (9,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 133.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 133.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 133.77 Td (5,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 133.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 133.77 Td (2,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 119.67 Td (Working capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 118.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 118.77 Td (78,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 118.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 118.77 Td (78,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 118.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 118.77 Td (58,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 118.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 118.77 Td (19,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 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387.50 711.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 711.73 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.50 711.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 711.73 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 711.73 Td (2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.65 698.73 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 684.17 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 684.17 Td (1,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 684.17 Td (745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 684.17 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 684.17 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 684.17 Td (192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 669.17 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 669.17 Td (1,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 669.17 Td (1,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 669.17 Td (467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 669.17 Td (201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 669.17 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 654.17 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 654.17 Td (3,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 654.17 Td (3,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 654.17 Td (1,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 654.17 Td (406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 654.17 Td (443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 639.17 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 639.17 Td (7,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 639.17 Td (9,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 639.17 Td (4,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 639.17 Td (970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 639.17 Td (1,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 624.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 624.17 Td (14,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 624.17 Td (14,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 624.17 Td (6,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 624.17 Td (1,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 624.17 Td (2,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 596.07 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 596.07 Td (The Consolidated Statement of Operations for the year ended December 31, 2013 and the Consolidated Balance Sheet as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 586.07 Td (of December 31, 2013 have been revised, primarily to reflect an immaterial correction of the income tax provision related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 576.07 Td (to the deductibility of compensation to our executive officers for income tax purposes under Section 162\(m\) of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 566.07 Td (Internal Revenue Code. The primary impact of the revision to 2013 was a decrease in the tax provision of $0.6 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 556.07 Td (See Note 2 to our consolidated financial statements for further discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 546.07 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 507.23 Td (ITEM7.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 507.23 Td (MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 497.23 Td (OPERATIONS) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 476.60 Td (Y) Tj ET Q q 0 0 0 rg BT 77.14 476.60 Td (ou ) Tj ET Q q 0 0 0 rg BT 88.93 476.60 Td (should ) Tj ET Q q 0 0 0 rg BT 117.40 476.60 Td (r) Tj ET Q q 0 0 0 rg BT 120.92 476.60 Td (ead ) Tj ET Q q 0 0 0 rg BT 137.15 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.15 476.60 Td (following ) Tj ET Q q 0 0 0 rg BT 190.73 476.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 234.19 476.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.76 476.60 Td (our ) Tj ET Q q 0 0 0 rg BT 259.44 476.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.78 476.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 336.35 476.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.14 476.60 Td (r) Tj ET Q q 0 0 0 rg BT 356.66 476.60 Td (esults ) Tj ET Q q 0 0 0 rg BT 381.23 476.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.80 476.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 435.37 476.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.94 476.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 493.94 476.60 Td (with ) Tj ET Q q 0 0 0 rg BT 512.96 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 476.60 Td (financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 464.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.21 464.60 Td (and ) Tj ET Q q 0 0 0 rg BT 113.70 464.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.40 464.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 154.00 464.60 Td (ther) Tj ET Q q 0 0 0 rg BT 169.74 464.60 Td (eto ) Tj ET Q q 0 0 0 rg BT 185.45 464.60 Td (included ) Tj ET Q q 0 0 0 rg BT 223.37 464.60 Td (elsewher) Tj ET Q q 0 0 0 rg BT 258.55 464.60 Td (e ) Tj ET Q q 0 0 0 rg BT 266.48 464.60 Td (in ) Tj ET Q q 0 0 0 rg BT 277.74 464.60 Td (this ) Tj ET Q q 0 0 0 rg BT 295.43 464.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 327.81 464.60 Td (Report ) Tj ET Q q 0 0 0 rg BT 358.51 464.60 Td (on ) Tj ET Q q 0 0 0 rg BT 372.00 464.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 397.72 464.60 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 423.71 464.60 Td (The ) Tj ET Q q 0 0 0 rg BT 442.20 464.60 Td (following ) Tj ET Q q 0 0 0 rg BT 483.47 464.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 528.63 464.60 Td (contains ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 452.60 Td (forwar) Tj ET Q q 0 0 0 rg BT 76.36 452.60 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 118.06 452.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 163.65 452.60 Td (that ) Tj ET Q q 0 0 0 rg BT 182.58 452.60 Td (r) Tj ET Q q 0 0 0 rg BT 186.10 452.60 Td (eflect ) Tj ET Q q 0 0 0 rg BT 211.12 452.60 Td (our ) Tj ET Q q 0 0 0 rg BT 228.39 452.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 255.93 452.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 296.52 452.60 Td (and ) Tj ET Q q 0 0 0 rg BT 314.89 452.60 Td (beliefs. ) Tj ET Q q 0 0 0 rg BT 346.87 452.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 366.36 452.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 394.72 452.60 Td (r) Tj ET Q q 0 0 0 rg BT 398.24 452.60 Td (esults ) Tj ET Q q 0 0 0 rg BT 424.40 452.60 Td (could ) Tj ET Q q 0 0 0 rg BT 449.99 452.60 Td (differ ) Tj ET Q q 0 0 0 rg BT 475.02 452.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 519.50 452.60 Td (fr) Tj ET Q q 0 0 0 rg BT 525.80 452.60 Td (om ) Tj ET Q q 0 0 0 rg BT 541.39 452.60 Td (those ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 440.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 90.48 440.60 Td (in ) Tj ET Q q 0 0 0 rg BT 100.91 440.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.78 440.60 Td (forwar) Tj ET Q q 0 0 0 rg BT 142.64 440.60 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 183.62 440.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 230.99 440.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 264.75 440.60 Td (that ) Tj ET Q q 0 0 0 rg BT 282.96 440.60 Td (could ) Tj ET Q q 0 0 0 rg BT 307.83 440.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 333.25 440.60 Td (or ) Tj ET Q q 0 0 0 rg BT 344.80 440.60 Td (contribute ) Tj ET Q q 0 0 0 rg BT 388.55 440.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.99 440.60 Td (these ) Tj ET Q q 0 0 0 rg BT 422.19 440.60 Td (differ) Tj ET Q q 0 0 0 rg BT 443.48 440.60 Td (ences ) Tj ET Q q 0 0 0 rg BT 468.34 440.60 Td (include ) Tj ET Q q 0 0 0 rg BT 500.43 440.60 Td (those ) Tj ET Q q 0 0 0 rg BT 524.19 440.60 Td (discussed ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 428.60 Td (below ) Tj ET Q q 0 0 0 rg BT 75.46 428.60 Td (and ) Tj ET Q q 0 0 0 rg BT 92.54 428.60 Td (elsewher) Tj ET Q q 0 0 0 rg BT 127.71 428.60 Td (e ) Tj ET Q q 0 0 0 rg BT 134.23 428.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.08 428.60 Td (this ) Tj ET Q q 0 0 0 rg BT 160.45 428.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 191.42 428.60 Td (Report ) Tj ET Q q 0 0 0 rg BT 220.71 428.60 Td (on ) Tj ET Q q 0 0 0 rg BT 232.78 428.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.08 428.60 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 281.65 428.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 331.50 428.60 Td (in ) Tj ET Q q 0 0 0 rg BT 341.36 428.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 366.21 428.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 404.96 428.60 Td (and ) Tj ET Q q 0 0 0 rg BT 422.03 428.60 Td (Special ) Tj ET Q q 0 0 0 rg BT 459.10 428.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 480.06 428.60 Td (Regar) Tj ET Q q 0 0 0 rg BT 504.13 428.60 Td (ding ) Tj ET Q q 0 0 0 rg BT 523.98 428.60 Td (Forwar) Tj ET Q q 0 0 0 rg BT 554.17 428.60 Td (d-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 416.60 Td (Looking ) Tj ET Q q 0 0 0 rg BT 84.78 416.60 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.60 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 376.20 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 376.20 Td (e ) Tj ET Q q 0 0 0 rg BT 87.95 376.20 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.54 376.20 Td (a ) Tj ET Q q 0 0 0 rg BT 109.35 376.20 Td (leading ) Tj ET Q q 0 0 0 rg BT 141.16 376.20 Td (provider ) Tj ET Q q 0 0 0 rg BT 177.42 376.20 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 376.20 Td (innovative ) Tj ET Q q 0 0 0 rg BT 232.71 376.20 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.08 376.20 Td (software ) Tj ET Q q 0 0 0 rg BT 316.88 376.20 Td (solutions ) Tj ET Q q 0 0 0 rg BT 355.38 376.20 Td (and ) Tj ET Q q 0 0 0 rg BT 372.19 376.20 Td (services ) Tj ET Q q 0 0 0 rg BT 406.78 376.20 Td (for ) Tj ET Q q 0 0 0 rg BT 420.81 376.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.41 376.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 479.43 376.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.57 376.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 554.73 376.20 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 364.20 Td (United ) Tj ET Q q 0 0 0 rg BT 94.46 364.20 Td (States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.35 364.20 Td (. ) Tj ET Q q 0 0 0 rg BT 123.62 364.20 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.93 364.20 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 188.01 364.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 236.33 364.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 276.85 364.20 Td (management ) Tj ET Q q 0 0 0 rg BT 330.71 364.20 Td (solution ) Tj ET Q q 0 0 0 rg BT 365.70 364.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 402.90 364.20 Td (one ) Tj ET Q q 0 0 0 rg BT 420.11 364.20 Td (system ) Tj ET Q q 0 0 0 rg BT 450.65 364.20 Td (of ) Tj ET Q q 0 0 0 rg BT 461.75 364.20 Td (record ) Tj ET Q q 0 0 0 rg BT 490.05 364.20 Td (that ) Tj ET Q q 0 0 0 rg BT 507.81 364.20 Td (allows ) Tj ET Q q 0 0 0 rg BT 536.68 364.20 Td (banks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.76 352.20 Td (unions ) Tj ET Q q 0 0 0 rg BT 103.93 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 120.87 352.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 161.14 352.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 192.51 352.20 Td (to ) Tj ET Q q 0 0 0 rg BT 202.79 352.20 Td (originate ) Tj ET Q q 0 0 0 rg BT 240.83 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 257.77 352.20 Td (fund ) Tj ET Q q 0 0 0 rg BT 278.60 352.20 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 322.76 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 339.70 352.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 375.52 352.20 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 426.61 352.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 446.33 352.20 Td (quality ) Tj ET Q q 0 0 0 rg BT 476.60 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 493.54 352.20 Td (ef) Tj ET Q q 0 0 0 rg BT 501.13 352.20 Td (ficiency) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.68 352.20 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 335.85 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 113.03 335.85 Td (originators ) Tj ET Q q 0 0 0 rg BT 158.02 335.85 Td (use ) Tj ET Q q 0 0 0 rg BT 173.00 335.85 Td (our ) Tj ET Q q 0 0 0 rg BT 187.99 335.85 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 235.19 335.85 Td (software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.78 335.85 Td (a ) Tj ET Q q 0 0 0 rg BT 279.87 335.85 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 342.06 335.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 381.48 335.85 Td (management ) Tj ET Q q 0 0 0 rg BT 434.23 335.85 Td (system ) Tj ET Q q 0 0 0 rg BT 463.66 335.85 Td (that ) Tj ET Q q 0 0 0 rg BT 480.32 335.85 Td (handles ) Tj ET Q q 0 0 0 rg BT 512.52 335.85 Td (key ) Tj ET Q q 0 0 0 rg BT 528.61 335.85 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.80 Td (and ) Tj ET Q q 0 0 0 rg BT 66.20 323.80 Td (management ) Tj ET Q q 0 0 0 rg BT 119.55 323.80 Td (functions ) Tj ET Q q 0 0 0 rg BT 159.03 323.80 Td (involved ) Tj ET Q q 0 0 0 rg BT 196.28 323.80 Td (in ) Tj ET Q q 0 0 0 rg BT 206.32 323.80 Td (running ) Tj ET Q q 0 0 0 rg BT 239.69 323.80 Td (a ) Tj ET Q q 0 0 0 rg BT 246.39 323.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 286.41 323.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 332.56 323.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 371.21 323.80 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 412.35 323.80 Td (originators ) Tj ET Q q 0 0 0 rg BT 457.93 323.80 Td (use ) Tj ET Q q 0 0 0 rg BT 473.52 323.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 521.33 323.80 Td (as ) Tj ET Q q 0 0 0 rg BT 531.92 323.80 Td (a ) Tj ET Q q 0 0 0 rg BT 538.62 323.80 Td (single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.80 Td (tool ) Tj ET Q q 0 0 0 rg BT 67.23 311.80 Td (for ) Tj ET Q q 0 0 0 rg BT 81.07 311.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 100.46 311.80 Td (processing, ) Tj ET Q q 0 0 0 rg BT 147.91 311.80 Td (marketing ) Tj ET Q q 0 0 0 rg BT 190.63 311.80 Td (and ) Tj ET Q q 0 0 0 rg BT 207.24 311.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 246.08 311.80 Td (communication ) Tj ET Q q 0 0 0 rg BT 310.46 311.80 Td (and ) Tj ET Q q 0 0 0 rg BT 327.07 311.80 Td (to ) Tj ET Q q 0 0 0 rg BT 337.03 311.80 Td (interact ) Tj ET Q q 0 0 0 rg BT 369.19 311.80 Td (electronically ) Tj ET Q q 0 0 0 rg BT 425.78 311.80 Td (with ) Tj ET Q q 0 0 0 rg BT 445.73 311.80 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 479.29 311.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 517.57 311.80 Td (and ) Tj ET Q q 0 0 0 rg BT 534.19 311.80 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.80 Td (providers ) Tj ET Q q 0 0 0 rg BT 89.71 299.80 Td (over ) Tj ET Q q 0 0 0 rg BT 109.93 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.59 299.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 145.92 299.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 166.13 299.80 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.62 299.80 Td ( ) Tj ET Q q 0 0 0 rg BT 206.07 299.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 224.06 299.80 Td (software ) Tj ET Q q 0 0 0 rg BT 260.94 299.80 Td (also ) Tj ET Q q 0 0 0 rg BT 279.49 299.80 Td (enables ) Tj ET Q q 0 0 0 rg BT 311.92 299.80 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 364.34 299.80 Td (of ) Tj ET Q q 0 0 0 rg BT 375.11 299.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 397.00 299.80 Td (and ) Tj ET Q q 0 0 0 rg BT 413.88 299.80 Td (business ) Tj ET Q q 0 0 0 rg BT 450.22 299.80 Td (practices ) Tj ET Q q 0 0 0 rg BT 488.20 299.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 526.19 299.80 Td (to ) Tj ET Q q 0 0 0 rg BT 536.41 299.80 Td (ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.22 287.80 Td (quality) Tj ET Q q 0 0 0 rg BT 96.34 287.80 Td (, ) Tj ET Q q 0 0 0 rg BT 101.34 287.80 Td (adherence ) Tj ET Q q 0 0 0 rg BT 144.36 287.80 Td (to ) Tj ET Q q 0 0 0 rg BT 154.64 287.80 Td (processing ) Tj ET Q q 0 0 0 rg BT 199.91 287.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 240.18 287.80 Td (and ) Tj ET Q q 0 0 0 rg BT 257.12 287.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 300.71 287.80 Td (compliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 271.45 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 271.45 Td (e ) Tj ET Q q 0 0 0 rg BT 90.24 271.45 Td (also ) Tj ET Q q 0 0 0 rg BT 111.02 271.45 Td (of) Tj ET Q q 0 0 0 rg BT 119.17 271.45 Td (fer ) Tj ET Q q 0 0 0 rg BT 134.93 271.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 185.14 271.45 Td (users ) Tj ET Q q 0 0 0 rg BT 210.36 271.45 Td (a ) Tj ET Q q 0 0 0 rg BT 219.47 271.45 Td (variety ) Tj ET Q q 0 0 0 rg BT 251.90 271.45 Td (of ) Tj ET Q q 0 0 0 rg BT 264.89 271.45 Td (other ) Tj ET Q q 0 0 0 rg BT 290.10 271.45 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 339.76 271.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 379.13 271.45 Td (including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.90 271.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.57 271.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 471.78 271.45 Td (Docs ) Tj ET Q q 0 0 0 rg BT 497.00 271.45 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 271.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.06 271.45 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.40 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.85 259.40 Td (prepares ) Tj ET Q q 0 0 0 rg BT 143.64 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 158.77 259.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 202.24 259.40 Td (and ) Tj ET Q q 0 0 0 rg BT 219.60 259.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 251.41 259.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 297.66 259.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 339.45 259.40 Td (to ) Tj ET Q q 0 0 0 rg BT 350.15 259.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 371.40 259.40 Td (a ) Tj ET Q q 0 0 0 rg BT 378.77 259.40 Td (mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.53 259.40 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.23 259.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 470.70 259.40 Td (CenterW) Tj ET Q q 0 0 0 rg BT 506.39 259.40 Td (ise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 259.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.92 259.40 Td (a ) Tj ET Q q 0 0 0 rg BT 530.28 259.40 Td (bundled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.40 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 247.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 84.49 247.40 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.82 247.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.77 247.40 Td (electronic ) Tj ET Q q 0 0 0 rg BT 138.15 247.40 Td (document ) Tj ET Q q 0 0 0 rg BT 180.54 247.40 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.63 247.40 Td (, ) Tj ET Q q 0 0 0 rg BT 237.09 247.40 Td (or ) Tj ET Q q 0 0 0 rg BT 248.38 247.40 Td (EDM, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.06 247.40 Td (and ) Tj ET Q q 0 0 0 rg BT 293.46 247.40 Td (websites ) Tj ET Q q 0 0 0 rg BT 330.86 247.40 Td (used ) Tj ET Q q 0 0 0 rg BT 352.15 247.40 Td (for ) Tj ET Q q 0 0 0 rg BT 366.77 247.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 406.38 247.40 Td (relationship ) Tj ET Q q 0 0 0 rg BT 456.55 247.40 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.64 247.40 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.16 247.40 Td (TQL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.60 247.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.06 247.40 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.40 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 235.40 Td (fers ) Tj ET Q q 0 0 0 rg BT 74.63 235.40 Td (a ) Tj ET Q q 0 0 0 rg BT 81.07 235.40 Td (suite ) Tj ET Q q 0 0 0 rg BT 101.95 235.40 Td (of ) Tj ET Q q 0 0 0 rg BT 112.27 235.40 Td (fraud ) Tj ET Q q 0 0 0 rg BT 135.36 235.40 Td (detection, ) Tj ET Q q 0 0 0 rg BT 176.51 235.40 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 218.21 235.40 Td (validation ) Tj ET Q q 0 0 0 rg BT 260.20 235.40 Td (and ) Tj ET Q q 0 0 0 rg BT 276.63 235.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 293.62 235.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 327.83 235.40 Td (services ) Tj ET Q q 0 0 0 rg BT 362.03 235.40 Td (using ) Tj ET Q q 0 0 0 rg BT 385.70 235.40 Td (streamlined ) Tj ET Q q 0 0 0 rg BT 434.34 235.40 Td (workflows ) Tj ET Q q 0 0 0 rg BT 479.11 235.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.54 235.40 Td (processing ) Tj ET Q q 0 0 0 rg BT 540.30 235.40 Td (rules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.74 235.40 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.50 223.40 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 148.26 223.40 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.25 223.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.20 223.40 Td (which ) Tj ET Q q 0 0 0 rg BT 210.09 223.40 Td (automatically ) Tj ET Q q 0 0 0 rg BT 266.96 223.40 Td (checks ) Tj ET Q q 0 0 0 rg BT 296.61 223.40 Td (for ) Tj ET Q q 0 0 0 rg BT 310.72 223.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 359.26 223.40 Td (with ) Tj ET Q q 0 0 0 rg BT 379.49 223.40 Td (federal, ) Tj ET Q q 0 0 0 rg BT 412.19 223.40 Td (state ) Tj ET Q q 0 0 0 rg BT 432.96 223.40 Td (and ) Tj ET Q q 0 0 0 rg BT 449.85 223.40 Td (local ) Tj ET Q q 0 0 0 rg BT 471.73 223.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 518.62 223.40 Td (throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 63.61 211.40 Td (origination ) Tj ET Q q 0 0 0 rg BT 109.39 211.40 Td (process; ) Tj ET Q q 0 0 0 rg BT 144.05 211.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.16 211.40 Td (transcript ) Tj ET Q q 0 0 0 rg BT 197.82 211.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 234.42 211.40 Td (which ) Tj ET Q q 0 0 0 rg BT 260.75 211.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 293.20 211.40 Td (income ) Tj ET Q q 0 0 0 rg BT 324.52 211.40 Td (verification ) Tj ET Q q 0 0 0 rg BT 372.51 211.40 Td (capability ) Tj ET Q q 0 0 0 rg BT 413.83 211.40 Td (to ) Tj ET Q q 0 0 0 rg BT 423.50 211.40 Td (our ) Tj ET Q q 0 0 0 rg BT 438.73 211.40 Td (customers; ) Tj ET Q q 0 0 0 rg BT 483.95 211.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 531.39 211.40 Td (Product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.40 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 199.40 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 99.55 199.40 Td (Service, ) Tj ET Q q 0 0 0 rg BT 135.39 199.40 Td (which ) Tj ET Q q 0 0 0 rg BT 163.19 199.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 192.66 199.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 241.57 199.40 Td (users ) Tj ET Q q 0 0 0 rg BT 265.48 199.40 Td (to ) Tj ET Q q 0 0 0 rg BT 276.62 199.40 Td (compare ) Tj ET Q q 0 0 0 rg BT 314.41 199.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 338.88 199.40 Td (of) Tj ET Q q 0 0 0 rg BT 347.02 199.40 Td (fered ) Tj ET Q q 0 0 0 rg BT 370.92 199.40 Td (by ) Tj ET Q q 0 0 0 rg BT 384.28 199.40 Td (dif) Tj ET Q q 0 0 0 rg BT 395.21 199.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 421.89 199.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 454.13 199.40 Td (and ) Tj ET Q q 0 0 0 rg BT 471.92 199.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 511.39 199.40 Td (to ) Tj ET Q q 0 0 0 rg BT 522.53 199.40 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.40 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 97.71 187.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 138.14 187.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 178.58 187.40 Td (available ) Tj ET Q q 0 0 0 rg BT 217.35 187.40 Td (to ) Tj ET Q q 0 0 0 rg BT 227.80 187.40 Td (a ) Tj ET Q q 0 0 0 rg BT 234.91 187.40 Td (particular ) Tj ET Q q 0 0 0 rg BT 275.89 187.40 Td (borrower; ) Tj ET Q q 0 0 0 rg BT 318.00 187.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 366.22 187.40 Td (Flood ) Tj ET Q q 0 0 0 rg BT 392.23 187.40 Td (Service, ) Tj ET Q q 0 0 0 rg BT 427.39 187.40 Td (which ) Tj ET Q q 0 0 0 rg BT 454.50 187.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 483.28 187.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 531.50 187.40 Td (users ) Tj ET Q q 0 0 0 rg BT 554.73 187.40 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.40 Td (order ) Tj ET Q q 0 0 0 rg BT 73.07 175.40 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 175.40 Td (transfer ) Tj ET Q q 0 0 0 rg BT 122.99 175.40 Td (flood ) Tj ET Q q 0 0 0 rg BT 146.57 175.40 Td (zone ) Tj ET Q q 0 0 0 rg BT 167.91 175.40 Td (certifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.11 175.40 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.36 175.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 273.38 175.40 Td (CRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.61 175.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.58 175.40 Td (which ) Tj ET Q q 0 0 0 rg BT 327.49 175.40 Td (of) Tj ET Q q 0 0 0 rg BT 335.64 175.40 Td (fers ) Tj ET Q q 0 0 0 rg BT 353.10 175.40 Td (a ) Tj ET Q q 0 0 0 rg BT 360.01 175.40 Td (suite ) Tj ET Q q 0 0 0 rg BT 381.37 175.40 Td (of ) Tj ET Q q 0 0 0 rg BT 392.17 175.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 414.08 175.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.98 175.40 Td (marketing ) Tj ET Q q 0 0 0 rg BT 474.00 175.40 Td (tools ) Tj ET Q q 0 0 0 rg BT 495.92 175.40 Td (that ) Tj ET Q q 0 0 0 rg BT 513.38 175.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 541.96 175.40 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.40 Td (to ) Tj ET Q q 0 0 0 rg BT 60.50 163.40 Td (manage ) Tj ET Q q 0 0 0 rg BT 94.81 163.40 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 133.29 163.40 Td (leads ) Tj ET Q q 0 0 0 rg BT 157.05 163.40 Td (and ) Tj ET Q q 0 0 0 rg BT 174.71 163.40 Td (marketing ) Tj ET Q q 0 0 0 rg BT 218.47 163.40 Td (campaigns;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.01 163.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.23 163.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 315.99 163.40 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 360.32 163.40 Td (Direct) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.31 163.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 163.40 Td (a ) Tj ET Q q 0 0 0 rg BT 398.68 163.40 Td (web-based ) Tj ET Q q 0 0 0 rg BT 444.66 163.40 Td (tool ) Tj ET Q q 0 0 0 rg BT 463.43 163.40 Td (that ) Tj ET Q q 0 0 0 rg BT 481.64 163.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 510.97 163.40 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 554.73 163.40 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.40 Td (complete ) Tj ET Q q 0 0 0 rg BT 89.96 151.40 Td (a ) Tj ET Q q 0 0 0 rg BT 98.21 151.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 119.24 151.40 Td (application ) Tj ET Q q 0 0 0 rg BT 167.48 151.40 Td (online; ) Tj ET Q q 0 0 0 rg BT 199.07 151.40 Td (and ) Tj ET Q q 0 0 0 rg BT 217.32 151.40 Td (services ) Tj ET Q q 0 0 0 rg BT 253.33 151.40 Td (under ) Tj ET Q q 0 0 0 rg BT 279.91 151.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.10 151.40 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 331.69 151.40 Td (brand, ) Tj ET Q q 0 0 0 rg BT 360.77 151.40 Td (which ) Tj ET Q q 0 0 0 rg BT 389.02 151.40 Td (include ) Tj ET Q q 0 0 0 rg BT 422.27 151.40 Td (research ) Tj ET Q q 0 0 0 rg BT 459.38 151.40 Td (and ) Tj ET Q q 0 0 0 rg BT 477.63 151.40 Td (reference, ) Tj ET Q q 0 0 0 rg BT 521.13 151.40 Td (education, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.40 Td (documentation ) Tj ET Q q 0 0 0 rg BT 111.70 139.40 Td (and ) Tj ET Q q 0 0 0 rg BT 128.91 139.40 Td (data ) Tj ET Q q 0 0 0 rg BT 148.34 139.40 Td (and ) Tj ET Q q 0 0 0 rg BT 165.55 139.40 Td (analytics ) Tj ET Q q 0 0 0 rg BT 203.87 139.40 Td (products ) Tj ET Q q 0 0 0 rg BT 241.08 139.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 274.40 139.40 Td (to ) Tj ET Q q 0 0 0 rg BT 284.95 139.40 Td (the ) Tj ET Q q 0 0 0 rg BT 299.94 139.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 340.48 139.40 Td (industry) Tj ET Q q 0 0 0 rg BT 372.61 139.40 Td (. ) Tj ET Q q 0 0 0 rg BT 377.88 139.40 Td (By ) Tj ET Q q 0 0 0 rg BT 392.32 139.40 Td (the ) Tj ET Q q 0 0 0 rg BT 407.31 139.40 Td (nature ) Tj ET Q q 0 0 0 rg BT 435.07 139.40 Td (of ) Tj ET Q q 0 0 0 rg BT 446.17 139.40 Td (our ) Tj ET Q q 0 0 0 rg BT 462.28 139.40 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 510.04 139.40 Td (service, ) Tj ET Q q 0 0 0 rg BT 543.63 139.40 Td (even) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 139.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.40 Td (with ) Tj ET Q q 0 0 0 rg BT 69.87 127.40 Td (our ) Tj ET Q q 0 0 0 rg BT 85.79 127.40 Td (robust ) Tj ET Q q 0 0 0 rg BT 113.39 127.40 Td (security ) Tj ET Q q 0 0 0 rg BT 147.63 127.40 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 194.67 127.40 Td (and ) Tj ET Q q 0 0 0 rg BT 211.70 127.40 Td (detection ) Tj ET Q q 0 0 0 rg BT 250.95 127.40 Td (systems, ) Tj ET Q q 0 0 0 rg BT 287.71 127.40 Td (we ) Tj ET Q q 0 0 0 rg BT 301.96 127.40 Td (cannotguarantee ) Tj ET Q q 0 0 0 rg BT 372.57 127.40 Td (that ) Tj ET Q q 0 0 0 rg BT 390.16 127.40 Td (our ) Tj ET Q q 0 0 0 rg BT 406.08 127.40 Td (security ) Tj ET Q q 0 0 0 rg BT 440.33 127.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 480.13 127.40 Td (will ) Tj ET Q q 0 0 0 rg BT 498.28 127.40 Td (prevent ) Tj ET Q q 0 0 0 rg BT 530.86 127.40 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.40 Td (breaches ) Tj ET Q q 0 0 0 rg BT 86.69 115.40 Td (and ) Tj ET Q q 0 0 0 rg BT 103.35 115.40 Td (we ) Tj ET Q q 0 0 0 rg BT 117.22 115.40 Td (may ) Tj ET Q q 0 0 0 rg BT 136.65 115.40 Td (need ) Tj ET Q q 0 0 0 rg BT 157.75 115.40 Td (to ) Tj ET Q q 0 0 0 rg BT 167.74 115.40 Td (expend ) Tj ET Q q 0 0 0 rg BT 198.83 115.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 243.26 115.40 Td (resources ) Tj ET Q q 0 0 0 rg BT 283.24 115.40 Td (to ) Tj ET Q q 0 0 0 rg BT 293.23 115.40 Td (protect ) Tj ET Q q 0 0 0 rg BT 323.21 115.40 Td (against ) Tj ET Q q 0 0 0 rg BT 353.75 115.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.41 115.40 Td (remedy ) Tj ET Q q 0 0 0 rg BT 402.61 115.40 Td (any ) Tj ET Q q 0 0 0 rg BT 419.26 115.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 456.47 115.40 Td (security ) Tj ET Q q 0 0 0 rg BT 490.34 115.40 Td (breaches ) Tj ET Q q 0 0 0 rg BT 527.53 115.40 Td (and ) Tj ET Q q 0 0 0 rg BT 544.18 115.40 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.40 Td (consequences.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 87.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.42 87.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 111.67 87.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 131.81 87.00 Td (Network ) Tj ET Q q 0 0 0 rg BT 169.18 87.00 Td (electronically ) Tj ET Q q 0 0 0 rg BT 225.96 87.00 Td (connects ) Tj ET Q q 0 0 0 rg BT 263.32 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 277.91 87.00 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.67 87.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.04 87.00 Td (109,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.54 87.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.91 87.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 413.05 87.00 Td (professionals ) Tj ET Q q 0 0 0 rg BT 468.19 87.00 Td (using ) Tj ET Q q 0 0 0 rg BT 492.23 87.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 540.15 87.00 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 87.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.00 Td (broad ) Tj ET Q q 0 0 0 rg BT 74.79 75.00 Td (array ) Tj ET Q q 0 0 0 rg BT 97.85 75.00 Td (of ) Tj ET Q q 0 0 0 rg BT 108.71 75.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 148.99 75.00 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 182.89 75.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 221.53 75.00 Td (and ) Tj ET Q q 0 0 0 rg BT 238.49 75.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 283.77 75.00 Td (service ) Tj ET Q q 0 0 0 rg BT 314.61 75.00 Td (providers ) Tj ET Q q 0 0 0 rg BT 354.91 75.00 Td (integral ) Tj ET Q q 0 0 0 rg BT 387.97 75.00 Td (to ) Tj ET Q q 0 0 0 rg BT 398.27 75.00 Td (the ) Tj ET Q q 0 0 0 rg BT 413.01 75.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 459.42 75.00 Td (and ) Tj ET Q q 0 0 0 rg BT 476.38 75.00 Td (funding ) Tj ET Q q 0 0 0 rg BT 510.01 75.00 Td (of ) Tj ET Q q 0 0 0 rg BT 520.87 75.00 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 63.00 Td (mortgages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.66 63.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.20 63.00 Td (During ) Tj ET Q q 0 0 0 rg BT 129.07 63.00 Td (the ) Tj ET Q q 0 0 0 rg BT 144.83 63.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 186.14 63.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 233.56 63.00 Td (process, ) Tj ET Q q 0 0 0 rg BT 269.59 63.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 310.90 63.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 357.77 63.00 Td (may ) Tj ET Q q 0 0 0 rg BT 378.53 63.00 Td (order ) Tj ET Q q 0 0 0 rg BT 403.17 63.00 Td (various ) Tj ET Q q 0 0 0 rg BT 436.15 63.00 Td (services ) Tj ET Q q 0 0 0 rg BT 471.90 63.00 Td (through ) Tj ET Q q 0 0 0 rg BT 506.55 63.00 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.77 63.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.31 63.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.73 63.00 Td (Mae ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 51.00 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 51.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.43 51.00 Td (including ) Tj ET Q q 0 0 0 rg BT 127.63 51.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.83 51.00 Td (reports; ) Tj ET Q q 0 0 0 rg BT 183.82 51.00 Td (product ) Tj ET Q q 0 0 0 rg BT 215.80 51.00 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 256.12 51.00 Td (and ) Tj ET Q q 0 0 0 rg BT 272.00 51.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 301.76 51.00 Td (services; ) Tj ET Q q 0 0 0 rg BT 338.18 51.00 Td (automated ) Tj ET Q q 0 0 0 rg BT 381.26 51.00 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 434.35 51.00 Td (services; ) Tj ET Q q 0 0 0 rg BT 470.77 51.00 Td (appraisals; ) Tj ET Q q 0 0 0 rg BT 514.97 51.00 Td (title ) Tj ET Q q 0 0 0 rg BT 531.96 51.00 Td (reports; ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (insurance; ) Tj ET Q q 0 0 0 rg BT 93.15 740.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 116.81 740.10 Td (certifications ) Tj ET Q q 0 0 0 rg BT 171.56 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.55 740.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 212.21 740.10 Td (insurance; ) Tj ET Q q 0 0 0 rg BT 255.86 740.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 304.50 740.10 Td (reviews; ) Tj ET Q q 0 0 0 rg BT 340.94 740.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 364.59 740.10 Td (detection; ) Tj ET Q q 0 0 0 rg BT 406.57 740.10 Td (document ) Tj ET Q q 0 0 0 rg BT 448.56 740.10 Td (preparation; ) Tj ET Q q 0 0 0 rg BT 499.42 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.41 740.10 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.03 728.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 96.16 728.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 129.91 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.55 728.10 Td (employment. ) Tj ET Q q 0 0 0 rg BT 203.24 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.44 728.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 248.52 728.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 295.04 728.10 Td (can ) Tj ET Q q 0 0 0 rg BT 312.12 728.10 Td (also ) Tj ET Q q 0 0 0 rg BT 331.43 728.10 Td (initiate ) Tj ET Q q 0 0 0 rg BT 362.40 728.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 391.13 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 410.99 728.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 464.75 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.72 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.36 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 516.00 728.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 548.08 728.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 699.70 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.18 699.70 Td (October ) Tj ET Q q 0 0 0 rg BT 121.84 699.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 131.79 699.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.79 699.70 Td (, ) Tj ET Q q 0 0 0 rg BT 156.75 699.70 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.86 699.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 207.74 699.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 260.75 699.70 Td (all ) Tj ET Q q 0 0 0 rg BT 273.20 699.70 Td (the ) Tj ET Q q 0 0 0 rg BT 287.87 699.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 313.66 699.70 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.99 699.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.44 699.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 365.77 699.70 Td (Resource ) Tj ET Q q 0 0 0 rg BT 405.44 699.70 Td (Center) Tj ET Q q 0 0 0 rg BT 431.69 699.70 Td (, ) Tj ET Q q 0 0 0 rg BT 436.65 699.70 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 456.87 699.70 Td (dba) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.31 699.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.22 699.70 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 699.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.96 699.70 Td (a ) Tj ET Q q 0 0 0 rg BT 517.85 699.70 Td (provider ) Tj ET Q q 0 0 0 rg BT 554.18 699.70 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 699.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.70 Td (research ) Tj ET Q q 0 0 0 rg BT 85.75 687.70 Td (and ) Tj ET Q q 0 0 0 rg BT 103.14 687.70 Td (reference, ) Tj ET Q q 0 0 0 rg BT 145.76 687.70 Td (education, ) Tj ET Q q 0 0 0 rg BT 190.08 687.70 Td (documentation ) Tj ET Q q 0 0 0 rg BT 252.46 687.70 Td (and ) Tj ET Q q 0 0 0 rg BT 269.84 687.70 Td (data ) Tj ET Q q 0 0 0 rg BT 289.44 687.70 Td (and ) Tj ET Q q 0 0 0 rg BT 306.83 687.70 Td (analytics ) Tj ET Q q 0 0 0 rg BT 345.31 687.70 Td (products ) Tj ET Q q 0 0 0 rg BT 382.70 687.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 416.19 687.70 Td (to ) Tj ET Q q 0 0 0 rg BT 426.91 687.70 Td (the ) Tj ET Q q 0 0 0 rg BT 442.07 687.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 482.78 687.70 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.91 687.70 Td (. ) Tj ET Q q 0 0 0 rg BT 520.14 687.70 Td (The ) Tj ET Q q 0 0 0 rg BT 538.64 687.70 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.70 Td (down ) Tj ET Q q 0 0 0 rg BT 73.98 675.70 Td (of ) Tj ET Q q 0 0 0 rg BT 84.56 675.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 121.24 675.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 156.79 675.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 190.69 675.70 Td (in ) Tj ET Q q 0 0 0 rg BT 200.73 675.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 247.94 675.70 Td (with ) Tj ET Q q 0 0 0 rg BT 267.97 675.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 311.31 675.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 349.10 675.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 395.23 675.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 416.92 675.70 Td (under ) Tj ET Q q 0 0 0 rg BT 441.94 675.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 481.40 675.70 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.62 675.70 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.70 Td (principles ) Tj ET Q q 0 0 0 rg BT 91.73 663.70 Td (in ) Tj ET Q q 0 0 0 rg BT 102.31 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 117.32 663.70 Td (United ) Tj ET Q q 0 0 0 rg BT 147.33 663.70 Td (States, ) Tj ET Q q 0 0 0 rg BT 176.52 663.70 Td (or ) Tj ET Q q 0 0 0 rg BT 187.64 663.70 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.22 663.70 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.34 663.70 Td (, ) Tj ET Q q 0 0 0 rg BT 239.64 663.70 Td (resulted ) Tj ET Q q 0 0 0 rg BT 274.09 663.70 Td (in ) Tj ET Q q 0 0 0 rg BT 284.67 663.70 Td (us ) Tj ET Q q 0 0 0 rg BT 296.35 663.70 Td (realizing ) Tj ET Q q 0 0 0 rg BT 334.13 663.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 359.70 663.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 396.38 663.70 Td (of ) Tj ET Q q 0 0 0 rg BT 407.51 663.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 445.84 663.70 Td (from ) Tj ET Q q 0 0 0 rg BT 468.08 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.47 663.70 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 518.05 663.70 Td (business ) Tj ET Q q 0 0 0 rg BT 554.74 663.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.01 651.70 Td (fourth ) Tj ET Q q 0 0 0 rg BT 90.74 651.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 121.35 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 131.97 651.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 154.26 651.70 Td (than ) Tj ET Q q 0 0 0 rg BT 173.77 651.70 Td (would ) Tj ET Q q 0 0 0 rg BT 201.06 651.70 Td (normally ) Tj ET Q q 0 0 0 rg BT 239.46 651.70 Td (be ) Tj ET Q q 0 0 0 rg BT 251.19 651.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 289.02 651.70 Td (and ) Tj ET Q q 0 0 0 rg BT 305.75 651.70 Td (will ) Tj ET Q q 0 0 0 rg BT 323.60 651.70 Td (result ) Tj ET Q q 0 0 0 rg BT 348.11 651.70 Td (in ) Tj ET Q q 0 0 0 rg BT 358.18 651.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 383.24 651.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 419.42 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 430.04 651.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 467.87 651.70 Td (than ) Tj ET Q q 0 0 0 rg BT 487.38 651.70 Td (would ) Tj ET Q q 0 0 0 rg BT 514.67 651.70 Td (normally ) Tj ET Q q 0 0 0 rg BT 553.07 651.70 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.69 639.70 Td (from ) Tj ET Q q 0 0 0 rg BT 109.78 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 124.06 639.70 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 159.50 639.70 Td (business ) Tj ET Q q 0 0 0 rg BT 196.04 639.70 Td (in ) Tj ET Q q 0 0 0 rg BT 206.47 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.34 639.70 Td (first ) Tj ET Q q 0 0 0 rg BT 240.11 639.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 259.98 639.70 Td (months ) Tj ET Q q 0 0 0 rg BT 292.08 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.06 639.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 328.02 639.70 Td (The ) Tj ET Q q 0 0 0 rg BT 346.22 639.70 Td (write-down ) Tj ET Q q 0 0 0 rg BT 394.98 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 405.96 639.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 441.92 639.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 476.22 639.70 Td (will ) Tj ET Q q 0 0 0 rg BT 494.43 639.70 Td (no ) Tj ET Q q 0 0 0 rg BT 507.08 639.70 Td (longer ) Tj ET Q q 0 0 0 rg BT 535.28 639.70 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.09 627.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 102.01 627.70 Td (from ) Tj ET Q q 0 0 0 rg BT 123.82 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 137.89 627.70 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 173.05 627.70 Td (business ) Tj ET Q q 0 0 0 rg BT 209.32 627.70 Td (starting ) Tj ET Q q 0 0 0 rg BT 241.69 627.70 Td (in ) Tj ET Q q 0 0 0 rg BT 251.84 627.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 276.72 627.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 319.08 627.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 341.46 627.70 Td (generated ) Tj ET Q q 0 0 0 rg BT 382.70 627.70 Td (by ) Tj ET Q q 0 0 0 rg BT 395.08 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 409.14 627.70 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 444.30 627.70 Td (business ) Tj ET Q q 0 0 0 rg BT 480.57 627.70 Td (and ) Tj ET Q q 0 0 0 rg BT 497.38 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.98 627.70 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 615.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 97.67 615.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 140.37 615.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 166.41 615.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 206.88 615.70 Td (our ) Tj ET Q q 0 0 0 rg BT 222.92 615.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 263.39 615.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 302.20 615.70 Td (in ) Tj ET Q q 0 0 0 rg BT 312.69 615.70 Td (the ) Tj ET Q q 0 0 0 rg BT 327.62 615.70 Td (fourth ) Tj ET Q q 0 0 0 rg BT 354.76 615.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 385.79 615.70 Td (of ) Tj ET Q q 0 0 0 rg BT 396.83 615.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 419.54 615.70 Td (and ) Tj ET Q q 0 0 0 rg BT 436.69 615.70 Td (will ) Tj ET Q q 0 0 0 rg BT 454.95 615.70 Td (contribute ) Tj ET Q q 0 0 0 rg BT 498.21 615.70 Td (to ) Tj ET Q q 0 0 0 rg BT 508.69 615.70 Td (our ) Tj ET Q q 0 0 0 rg BT 524.73 615.70 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.10 603.70 Td (for ) Tj ET Q q 0 0 0 rg BT 102.26 603.70 Td (the ) Tj ET Q q 0 0 0 rg BT 116.98 603.70 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 165.00 603.70 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 587.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.58 587.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.66 587.30 Td (consist ) Tj ET Q q 0 0 0 rg BT 158.97 587.30 Td (of ) Tj ET Q q 0 0 0 rg BT 169.83 587.30 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 217.35 587.30 Td (and ) Tj ET Q q 0 0 0 rg BT 234.32 587.30 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 281.84 587.30 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 322.41 587.30 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 372.15 587.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 410.22 587.30 Td (are ) Tj ET Q q 0 0 0 rg BT 424.96 587.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 466.36 587.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 506.10 587.30 Td (from ) Tj ET Q q 0 0 0 rg BT 528.07 587.30 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.30 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 104.53 575.30 Td (we ) Tj ET Q q 0 0 0 rg BT 118.45 575.30 Td (host ) Tj ET Q q 0 0 0 rg BT 137.37 575.30 Td (that ) Tj ET Q q 0 0 0 rg BT 154.62 575.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 197.42 575.30 Td (access ) Tj ET Q q 0 0 0 rg BT 225.22 575.30 Td (through ) Tj ET Q q 0 0 0 rg BT 258.58 575.30 Td (the ) Tj ET Q q 0 0 0 rg BT 273.05 575.30 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 308.90 575.30 Td (including ) Tj ET Q q 0 0 0 rg BT 348.93 575.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 391.73 575.30 Td (who ) Tj ET Q q 0 0 0 rg BT 411.21 575.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 427.90 575.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 446.25 575.30 Td (based ) Tj ET Q q 0 0 0 rg BT 471.28 575.30 Td (on ) Tj ET Q q 0 0 0 rg BT 483.53 575.30 Td (the ) Tj ET Q q 0 0 0 rg BT 498.00 575.30 Td (number ) Tj ET Q q 0 0 0 rg BT 530.81 575.30 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 575.30 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.30 Td (they ) Tj ET Q q 0 0 0 rg BT 69.66 563.30 Td (fund, ) Tj ET Q q 0 0 0 rg BT 93.43 563.30 Td (or ) Tj ET Q q 0 0 0 rg BT 104.71 563.30 Td (success ) Tj ET Q q 0 0 0 rg BT 137.64 563.30 Td (basis, ) Tj ET Q q 0 0 0 rg BT 163.08 563.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 194.35 563.30 Td (to ) Tj ET Q q 0 0 0 rg BT 205.07 563.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 241.35 563.30 Td (base ) Tj ET Q q 0 0 0 rg BT 262.06 563.30 Td (fees, ) Tj ET Q q 0 0 0 rg BT 283.61 563.30 Td (which ) Tj ET Q q 0 0 0 rg BT 310.99 563.30 Td (we ) Tj ET Q q 0 0 0 rg BT 325.59 563.30 Td (refer ) Tj ET Q q 0 0 0 rg BT 347.40 563.30 Td (to ) Tj ET Q q 0 0 0 rg BT 358.12 563.30 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.40 563.30 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 431.77 563.30 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.66 563.30 Td (, ) Tj ET Q q 0 0 0 rg BT 466.10 563.30 Td (and ) Tj ET Q q 0 0 0 rg BT 483.48 563.30 Td (related ) Tj ET Q q 0 0 0 rg BT 513.63 563.30 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.03 551.30 Td (such ) Tj ET Q q 0 0 0 rg BT 108.18 551.30 Td (as ) Tj ET Q q 0 0 0 rg BT 119.33 551.30 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 166.32 551.30 Td (implementation ) Tj ET Q q 0 0 0 rg BT 231.91 551.30 Td (and ) Tj ET Q q 0 0 0 rg BT 249.17 551.30 Td (training ) Tj ET Q q 0 0 0 rg BT 283.09 551.30 Td (services. ) Tj ET Q q 0 0 0 rg BT 320.62 551.30 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 370.65 551.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 409.01 551.30 Td (also ) Tj ET Q q 0 0 0 rg BT 427.94 551.30 Td (include ) Tj ET Q q 0 0 0 rg BT 460.20 551.30 Td (software ) Tj ET Q q 0 0 0 rg BT 497.45 551.30 Td (services ) Tj ET Q q 0 0 0 rg BT 532.48 551.30 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 551.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 69.76 539.30 Td (transactionally; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 539.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 157.48 539.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 178.84 539.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.83 539.30 Td ( ) Tj ET Q q 0 0 0 rg BT 217.42 539.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 264.89 539.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 284.58 539.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 305.39 539.30 Td (by ) Tj ET Q q 0 0 0 rg BT 318.99 539.30 Td (lender) Tj ET Q q 0 0 0 rg BT 343.77 539.30 Td (-investors, ) Tj ET Q q 0 0 0 rg BT 389.30 539.30 Td (service ) Tj ET Q q 0 0 0 rg BT 421.21 539.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 462.58 539.30 Td (and ) Tj ET Q q 0 0 0 rg BT 480.61 539.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 511.40 539.30 Td (government-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.30 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 91.65 527.30 Td (entities ) Tj ET Q q 0 0 0 rg BT 122.13 527.30 Td (participating ) Tj ET Q q 0 0 0 rg BT 174.26 527.30 Td (on ) Tj ET Q q 0 0 0 rg BT 185.85 527.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.67 527.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 220.14 527.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 239.51 527.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.50 527.30 Td (; ) Tj ET Q q 0 0 0 rg BT 278.87 527.30 Td (education ) Tj ET Q q 0 0 0 rg BT 319.34 527.30 Td (and ) Tj ET Q q 0 0 0 rg BT 335.37 527.30 Td (training; ) Tj ET Q q 0 0 0 rg BT 370.85 527.30 Td (and ) Tj ET Q q 0 0 0 rg BT 386.89 527.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 405.70 527.30 Td (product ) Tj ET Q q 0 0 0 rg BT 437.84 527.30 Td (and ) Tj ET Q q 0 0 0 rg BT 453.88 527.30 Td (guideline ) Tj ET Q q 0 0 0 rg BT 492.68 527.30 Td (data ) Tj ET Q q 0 0 0 rg BT 510.93 527.30 Td (and ) Tj ET Q q 0 0 0 rg BT 526.97 527.30 Td (analytics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.30 Td (services ) Tj ET Q q 0 0 0 rg BT 84.40 515.30 Td (that ) Tj ET Q q 0 0 0 rg BT 102.09 515.30 Td (are ) Tj ET Q q 0 0 0 rg BT 116.98 515.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 155.22 515.30 Td (under ) Tj ET Q q 0 0 0 rg BT 180.68 515.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.00 515.30 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 230.47 515.30 Td (brand. ) Tj ET Q q 0 0 0 rg BT 258.43 515.30 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 308.33 515.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 346.56 515.30 Td (are ) Tj ET Q q 0 0 0 rg BT 361.46 515.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 403.01 515.30 Td (from ) Tj ET Q q 0 0 0 rg BT 425.14 515.30 Td (customer) Tj ET Q q 0 0 0 rg BT 461.60 515.30 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 493.73 515.30 Td (software ) Tj ET Q q 0 0 0 rg BT 530.85 515.30 Td (licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 503.30 Td (related ) Tj ET Q q 0 0 0 rg BT 95.96 503.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 147.25 503.30 Td (services ) Tj ET Q q 0 0 0 rg BT 181.86 503.30 Td (and ) Tj ET Q q 0 0 0 rg BT 198.71 503.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 251.65 503.30 Td (services. ) Tj ET Q q 0 0 0 rg BT 288.77 503.30 Td (In ) Tj ET Q q 0 0 0 rg BT 299.50 503.30 Td (February ) Tj ET Q q 0 0 0 rg BT 338.01 503.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 362.92 503.30 Td (we ) Tj ET Q q 0 0 0 rg BT 376.99 503.30 Td (announced ) Tj ET Q q 0 0 0 rg BT 422.72 503.30 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.12 503.30 Td (ef) Tj ET Q q 0 0 0 rg BT 447.71 503.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 477.32 503.30 Td (May ) Tj ET Q q 0 0 0 rg BT 498.06 503.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 507.97 503.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 532.88 503.30 Td (we ) Tj ET Q q 0 0 0 rg BT 546.95 503.30 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.30 Td (no ) Tj ET Q q 0 0 0 rg BT 61.25 491.30 Td (longer ) Tj ET Q q 0 0 0 rg BT 88.55 491.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 120.85 491.30 Td (software ) Tj ET Q q 0 0 0 rg BT 157.03 491.30 Td (releases ) Tj ET Q q 0 0 0 rg BT 190.43 491.30 Td (or ) Tj ET Q q 0 0 0 rg BT 200.51 491.30 Td (technical ) Tj ET Q q 0 0 0 rg BT 238.35 491.30 Td (support ) Tj ET Q q 0 0 0 rg BT 270.10 491.30 Td (for ) Tj ET Q q 0 0 0 rg BT 283.51 491.30 Td (the ) Tj ET Q q 0 0 0 rg BT 297.48 491.30 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 344.22 491.30 Td (version ) Tj ET Q q 0 0 0 rg BT 375.41 491.30 Td (of ) Tj ET Q q 0 0 0 rg BT 385.49 491.30 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.04 491.30 Td (. ) Tj ET Q q 0 0 0 rg BT 435.17 491.30 Td (W) Tj ET Q q 0 0 0 rg BT 443.80 491.30 Td (e ) Tj ET Q q 0 0 0 rg BT 449.99 491.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 477.84 491.30 Td (that ) Tj ET Q q 0 0 0 rg BT 494.59 491.30 Td (this ) Tj ET Q q 0 0 0 rg BT 510.79 491.30 Td (will ) Tj ET Q q 0 0 0 rg BT 528.09 491.30 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 479.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 96.71 479.30 Td (of ) Tj ET Q q 0 0 0 rg BT 107.54 479.30 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 155.03 479.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 193.06 479.30 Td (in ) Tj ET Q q 0 0 0 rg BT 203.34 479.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 225.84 479.30 Td (and ) Tj ET Q q 0 0 0 rg BT 242.78 479.30 Td (we ) Tj ET Q q 0 0 0 rg BT 256.94 479.30 Td (do ) Tj ET Q q 0 0 0 rg BT 269.44 479.30 Td (not ) Tj ET Q q 0 0 0 rg BT 284.72 479.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 313.31 479.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 358.03 479.30 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 405.51 479.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 443.55 479.30 Td (after ) Tj ET Q q 0 0 0 rg BT 464.36 479.30 Td (May ) Tj ET Q q 0 0 0 rg BT 485.19 479.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 495.19 479.30 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 462.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.21 462.90 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 137.35 462.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 175.05 462.90 Td (typically) Tj ET Q q 0 0 0 rg BT 209.39 462.90 Td (, ) Tj ET Q q 0 0 0 rg BT 214.04 462.90 Td (but ) Tj ET Q q 0 0 0 rg BT 228.98 462.90 Td (not ) Tj ET Q q 0 0 0 rg BT 243.92 462.90 Td (always, ) Tj ET Q q 0 0 0 rg BT 276.34 462.90 Td (track ) Tj ET Q q 0 0 0 rg BT 298.48 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 312.86 462.90 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 359.45 462.90 Td (of ) Tj ET Q q 0 0 0 rg BT 369.94 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 384.31 462.90 Td (residential ) Tj ET Q q 0 0 0 rg BT 428.12 462.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 468.04 462.90 Td (industry) Tj ET Q q 0 0 0 rg BT 500.17 462.90 Td (, ) Tj ET Q q 0 0 0 rg BT 504.82 462.90 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 462.90 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 81.78 450.90 Td (in ) Tj ET Q q 0 0 0 rg BT 91.85 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.36 450.90 Td (second ) Tj ET Q q 0 0 0 rg BT 136.42 450.90 Td (and ) Tj ET Q q 0 0 0 rg BT 153.15 450.90 Td (third ) Tj ET Q q 0 0 0 rg BT 174.33 450.90 Td (quarters ) Tj ET Q q 0 0 0 rg BT 208.83 450.90 Td (and ) Tj ET Q q 0 0 0 rg BT 225.56 450.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 259.49 450.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 291.78 450.90 Td (in ) Tj ET Q q 0 0 0 rg BT 301.85 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.35 450.90 Td (first ) Tj ET Q q 0 0 0 rg BT 334.75 450.90 Td (and ) Tj ET Q q 0 0 0 rg BT 351.48 450.90 Td (fourth ) Tj ET Q q 0 0 0 rg BT 378.21 450.90 Td (quarters ) Tj ET Q q 0 0 0 rg BT 412.71 450.90 Td (as ) Tj ET Q q 0 0 0 rg BT 423.33 450.90 Td (home ) Tj ET Q q 0 0 0 rg BT 447.84 450.90 Td (buyers ) Tj ET Q q 0 0 0 rg BT 476.79 450.90 Td (tend ) Tj ET Q q 0 0 0 rg BT 496.30 450.90 Td (to ) Tj ET Q q 0 0 0 rg BT 506.37 450.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 544.20 450.90 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.90 Td (homes ) Tj ET Q q 0 0 0 rg BT 78.16 438.90 Td (during ) Tj ET Q q 0 0 0 rg BT 106.82 438.90 Td (the ) Tj ET Q q 0 0 0 rg BT 121.58 438.90 Td (spring ) Tj ET Q q 0 0 0 rg BT 149.13 438.90 Td (and ) Tj ET Q q 0 0 0 rg BT 166.12 438.90 Td (summer ) Tj ET Q q 0 0 0 rg BT 200.89 438.90 Td (in ) Tj ET Q q 0 0 0 rg BT 211.22 438.90 Td (order ) Tj ET Q q 0 0 0 rg BT 234.87 438.90 Td (to ) Tj ET Q q 0 0 0 rg BT 245.20 438.90 Td (move ) Tj ET Q q 0 0 0 rg BT 269.96 438.90 Td (to ) Tj ET Q q 0 0 0 rg BT 280.29 438.90 Td (a ) Tj ET Q q 0 0 0 rg BT 287.28 438.90 Td (new ) Tj ET Q q 0 0 0 rg BT 306.49 438.90 Td (home ) Tj ET Q q 0 0 0 rg BT 331.26 438.90 Td (before ) Tj ET Q q 0 0 0 rg BT 359.35 438.90 Td (the ) Tj ET Q q 0 0 0 rg BT 374.11 438.90 Td (start ) Tj ET Q q 0 0 0 rg BT 393.88 438.90 Td (of ) Tj ET Q q 0 0 0 rg BT 404.76 438.90 Td (the ) Tj ET Q q 0 0 0 rg BT 419.53 438.90 Td (school ) Tj ET Q q 0 0 0 rg BT 448.19 438.90 Td (year) Tj ET Q q 0 0 0 rg BT 464.84 438.90 Td (. ) Tj ET Q q 0 0 0 rg BT 469.89 438.90 Td ( ) Tj ET Q q 0 0 0 rg BT 472.44 438.90 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 513.87 438.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 550.31 438.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.90 Td (also ) Tj ET Q q 0 0 0 rg BT 68.18 426.90 Td (impacted ) Tj ET Q q 0 0 0 rg BT 107.40 426.90 Td (by ) Tj ET Q q 0 0 0 rg BT 119.96 426.90 Td (other ) Tj ET Q q 0 0 0 rg BT 143.08 426.90 Td (factors, ) Tj ET Q q 0 0 0 rg BT 175.35 426.90 Td (such ) Tj ET Q q 0 0 0 rg BT 196.25 426.90 Td (as ) Tj ET Q q 0 0 0 rg BT 207.15 426.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.15 426.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 256.71 426.90 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 308.99 426.90 Td (home ) Tj ET Q q 0 0 0 rg BT 333.77 426.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 351.89 426.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 384.45 426.90 Td (and ) Tj ET Q q 0 0 0 rg BT 401.45 426.90 Td (general ) Tj ET Q q 0 0 0 rg BT 433.45 426.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 474.89 426.90 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 521.62 426.90 Td (which ) Tj ET Q q 0 0 0 rg BT 548.63 426.90 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.90 Td (lead ) Tj ET Q q 0 0 0 rg BT 68.46 414.90 Td (to ) Tj ET Q q 0 0 0 rg BT 78.54 414.90 Td (departures ) Tj ET Q q 0 0 0 rg BT 122.49 414.90 Td (from ) Tj ET Q q 0 0 0 rg BT 144.23 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 158.75 414.90 Td (typical ) Tj ET Q q 0 0 0 rg BT 188.26 414.90 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 224.44 414.90 Td (pattern. ) Tj ET Q q 0 0 0 rg BT 257.00 414.90 Td (For ) Tj ET Q q 0 0 0 rg BT 273.20 414.90 Td (example, ) Tj ET Q q 0 0 0 rg BT 311.87 414.90 Td (increases ) Tj ET Q q 0 0 0 rg BT 350.82 414.90 Td (in ) Tj ET Q q 0 0 0 rg BT 360.90 414.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 400.97 414.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 432.70 414.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 453.88 414.90 Td (could ) Tj ET Q q 0 0 0 rg BT 478.40 414.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 507.35 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 521.87 414.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 554.17 414.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.90 Td (new ) Tj ET Q q 0 0 0 rg BT 68.37 402.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 112.24 402.90 Td (originated ) Tj ET Q q 0 0 0 rg BT 154.99 402.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 174.14 402.90 Td (in ) Tj ET Q q 0 0 0 rg BT 184.13 402.90 Td (particular) Tj ET Q q 0 0 0 rg BT 222.04 402.90 Td (, ) Tj ET Q q 0 0 0 rg BT 226.75 402.90 Td (the ) Tj ET Q q 0 0 0 rg BT 241.18 402.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 273.38 402.90 Td (of ) Tj ET Q q 0 0 0 rg BT 283.92 402.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 323.90 402.90 Td (refinancings. ) Tj ET Q q 0 0 0 rg BT 377.87 402.90 Td (W) Tj ET Q q 0 0 0 rg BT 386.51 402.90 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.16 402.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 431.47 402.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 467.00 402.90 Td (that ) Tj ET Q q 0 0 0 rg BT 484.20 402.90 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.96 402.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.17 402.90 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 402.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.78 390.90 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.11 390.90 Td ( ) Tj ET Q q 0 0 0 rg BT 80.61 390.90 Td (of ) Tj ET Q q 0 0 0 rg BT 91.44 390.90 Td (our ) Tj ET Q q 0 0 0 rg BT 107.27 390.90 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.31 390.90 Td (have ) Tj ET Q q 0 0 0 rg BT 166.68 390.90 Td (some ) Tj ET Q q 0 0 0 rg BT 190.29 390.90 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 233.90 390.90 Td (to ) Tj ET Q q 0 0 0 rg BT 244.18 390.90 Td (volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.18 390.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 374.50 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 374.50 Td (e ) Tj ET Q q 0 0 0 rg BT 87.69 374.50 Td (are ) Tj ET Q q 0 0 0 rg BT 102.00 374.50 Td (investing ) Tj ET Q q 0 0 0 rg BT 140.78 374.50 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 192.87 374.50 Td (in ) Tj ET Q q 0 0 0 rg BT 202.76 374.50 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 244.31 374.50 Td (that ) Tj ET Q q 0 0 0 rg BT 261.41 374.50 Td (we ) Tj ET Q q 0 0 0 rg BT 275.18 374.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 306.16 374.50 Td (will ) Tj ET Q q 0 0 0 rg BT 323.83 374.50 Td (help ) Tj ET Q q 0 0 0 rg BT 343.15 374.50 Td (us ) Tj ET Q q 0 0 0 rg BT 354.16 374.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 390.70 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 400.59 374.50 Td (grow ) Tj ET Q q 0 0 0 rg BT 423.25 374.50 Td (our ) Tj ET Q q 0 0 0 rg BT 438.69 374.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 477.19 374.50 Td (improve ) Tj ET Q q 0 0 0 rg BT 512.62 374.50 Td (our ) Tj ET Q q 0 0 0 rg BT 528.06 374.50 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 65.82 362.50 Td (services ) Tj ET Q q 0 0 0 rg BT 99.91 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.22 362.50 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 159.76 362.50 Td (our ) Tj ET Q q 0 0 0 rg BT 174.97 362.50 Td (competitive ) Tj ET Q q 0 0 0 rg BT 224.06 362.50 Td (advantage ) Tj ET Q q 0 0 0 rg BT 266.47 362.50 Td (while ) Tj ET Q q 0 0 0 rg BT 290.56 362.50 Td (bringing ) Tj ET Q q 0 0 0 rg BT 326.33 362.50 Td (sustainable, ) Tj ET Q q 0 0 0 rg BT 375.14 362.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 416.46 362.50 Td (value ) Tj ET Q q 0 0 0 rg BT 439.99 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 449.65 362.50 Td (our ) Tj ET Q q 0 0 0 rg BT 464.86 362.50 Td (customers. ) Tj ET Q q 0 0 0 rg BT 509.79 362.50 Td (During ) Tj ET Q q 0 0 0 rg BT 540.00 362.50 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (we ) Tj ET Q q 0 0 0 rg BT 63.22 350.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 103.03 350.50 Td (our ) Tj ET Q q 0 0 0 rg BT 118.42 350.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 168.25 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 178.08 350.50 Td (our ) Tj ET Q q 0 0 0 rg BT 193.47 350.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 214.96 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 231.46 350.50 Td (client ) Tj ET Q q 0 0 0 rg BT 255.73 350.50 Td (services ) Tj ET Q q 0 0 0 rg BT 289.99 350.50 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 340.09 350.50 Td (research ) Tj ET Q q 0 0 0 rg BT 375.45 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 391.95 350.50 Td (development ) Tj ET Q q 0 0 0 rg BT 445.65 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 462.15 350.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 508.64 350.50 Td (infrastructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (to ) Tj ET Q q 0 0 0 rg BT 59.43 338.50 Td (support ) Tj ET Q q 0 0 0 rg BT 91.58 338.50 Td (our ) Tj ET Q q 0 0 0 rg BT 107.05 338.50 Td (user ) Tj ET Q q 0 0 0 rg BT 125.86 338.50 Td (additions ) Tj ET Q q 0 0 0 rg BT 164.68 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 181.26 338.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 211.17 338.50 Td (business ) Tj ET Q q 0 0 0 rg BT 247.21 338.50 Td (growth. ) Tj ET Q q 0 0 0 rg BT 280.04 338.50 Td (These ) Tj ET Q q 0 0 0 rg BT 306.06 338.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 355.99 338.50 Td (include ) Tj ET Q q 0 0 0 rg BT 387.57 338.50 Td (expanding ) Tj ET Q q 0 0 0 rg BT 431.37 338.50 Td (our ) Tj ET Q q 0 0 0 rg BT 446.85 338.50 Td (talent ) Tj ET Q q 0 0 0 rg BT 471.21 338.50 Td (across ) Tj ET Q q 0 0 0 rg BT 498.35 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 512.71 338.50 Td (or) Tj ET Q q 0 0 0 rg BT 520.86 338.50 Td (ganization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (by ) Tj ET Q q 0 0 0 rg BT 62.23 326.50 Td (hiring ) Tj ET Q q 0 0 0 rg BT 88.84 326.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 131.56 326.50 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 175.46 326.50 Td (T) Tj ET Q q 0 0 0 rg BT 180.88 326.50 Td (o ) Tj ET Q q 0 0 0 rg BT 188.60 326.50 Td (support ) Tj ET Q q 0 0 0 rg BT 221.33 326.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 264.60 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 281.77 326.50 Td (further ) Tj ET Q q 0 0 0 rg BT 311.70 326.50 Td (dif) Tj ET Q q 0 0 0 rg BT 322.63 326.50 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 363.11 326.50 Td (ourselves, ) Tj ET Q q 0 0 0 rg BT 406.10 326.50 Td (we ) Tj ET Q q 0 0 0 rg BT 420.49 326.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 459.31 326.50 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 500.90 326.50 Td (that ) Tj ET Q q 0 0 0 rg BT 518.63 326.50 Td (throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 71.09 314.50 Td (we ) Tj ET Q q 0 0 0 rg BT 84.33 314.50 Td (will ) Tj ET Q q 0 0 0 rg BT 101.48 314.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 137.50 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 146.86 314.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 181.20 314.50 Td (our ) Tj ET Q q 0 0 0 rg BT 196.12 314.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 241.59 314.50 Td (in ) Tj ET Q q 0 0 0 rg BT 250.96 314.50 Td (key ) Tj ET Q q 0 0 0 rg BT 266.98 314.50 Td (areas ) Tj ET Q q 0 0 0 rg BT 289.10 314.50 Td (such ) Tj ET Q q 0 0 0 rg BT 309.02 314.50 Td (as ) Tj ET Q q 0 0 0 rg BT 318.94 314.50 Td (research ) Tj ET Q q 0 0 0 rg BT 353.83 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 369.86 314.50 Td (development, ) Tj ET Q q 0 0 0 rg BT 425.59 314.50 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 466.60 314.50 Td (sales, ) Tj ET Q q 0 0 0 rg BT 490.13 314.50 Td (services, ) Tj ET Q q 0 0 0 rg BT 526.42 314.50 Td (technical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (support, ) Tj ET Q q 0 0 0 rg BT 84.37 302.50 Td (security ) Tj ET Q q 0 0 0 rg BT 118.39 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 135.20 302.50 Td (data ) Tj ET Q q 0 0 0 rg BT 154.22 302.50 Td (center ) Tj ET Q q 0 0 0 rg BT 181.01 302.50 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 239.57 302.50 Td (W) Tj ET Q q 0 0 0 rg BT 248.21 302.50 Td (e ) Tj ET Q q 0 0 0 rg BT 255.02 302.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 293.48 302.50 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 334.71 302.50 Td (that ) Tj ET Q q 0 0 0 rg BT 352.08 302.50 Td (this ) Tj ET Q q 0 0 0 rg BT 368.89 302.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 415.14 302.50 Td (will ) Tj ET Q q 0 0 0 rg BT 433.07 302.50 Td (include ) Tj ET Q q 0 0 0 rg BT 464.87 302.50 Td (development ) Tj ET Q q 0 0 0 rg BT 518.89 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 529.59 302.50 Td (our ) Tj ET Q q 0 0 0 rg BT 545.29 302.50 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (generation ) Tj ET Q q 0 0 0 rg BT 93.52 290.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 140.89 290.50 Td (platform, ) Tj ET Q q 0 0 0 rg BT 179.64 290.50 Td (which ) Tj ET Q q 0 0 0 rg BT 205.90 290.50 Td (will ) Tj ET Q q 0 0 0 rg BT 223.27 290.50 Td (be ) Tj ET Q q 0 0 0 rg BT 234.53 290.50 Td (incrementally ) Tj ET Q q 0 0 0 rg BT 291.32 290.50 Td (introduced ) Tj ET Q q 0 0 0 rg BT 335.91 290.50 Td (over ) Tj ET Q q 0 0 0 rg BT 355.49 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 369.53 290.50 Td (coming ) Tj ET Q q 0 0 0 rg BT 401.34 290.50 Td (quarters ) Tj ET Q q 0 0 0 rg BT 435.37 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 451.63 290.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 497.33 290.50 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.52 290.50 Td (W) Tj ET Q q 0 0 0 rg BT 530.16 290.50 Td (e ) Tj ET Q q 0 0 0 rg BT 536.41 290.50 Td (expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 278.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 85.54 278.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 128.54 278.50 Td (with ) Tj ET Q q 0 0 0 rg BT 148.23 278.50 Td (these ) Tj ET Q q 0 0 0 rg BT 170.68 278.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 220.36 278.50 Td (to ) Tj ET Q q 0 0 0 rg BT 230.05 278.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 264.71 278.50 Td (our ) Tj ET Q q 0 0 0 rg BT 279.95 278.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 297.97 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 308.21 278.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 345.66 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 362.00 278.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 401.68 278.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 439.69 278.50 Td (as ) Tj ET Q q 0 0 0 rg BT 449.92 278.50 Td (a ) Tj ET Q q 0 0 0 rg BT 456.27 278.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 501.48 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.72 278.50 Td (our ) Tj ET Q q 0 0 0 rg BT 526.96 278.50 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 266.50 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.78 266.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 250.10 Td (On ) Tj ET Q q 0 0 0 rg BT 86.74 250.10 Td (March ) Tj ET Q q 0 0 0 rg BT 114.85 250.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 129.37 250.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 153.89 250.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.56 250.10 Td (experiencedasystem ) Tj ET Q q 0 0 0 rg BT 255.10 250.10 Td (outage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.75 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.77 250.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.78 250.10 Td (prevented ) Tj ET Q q 0 0 0 rg BT 342.22 250.10 Td (some ) Tj ET Q q 0 0 0 rg BT 365.35 250.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.68 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.69 250.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.04 250.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 433.60 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 455.06 250.10 Td (being ) Tj ET Q q 0 0 0 rg BT 479.29 250.10 Td (able ) Tj ET Q q 0 0 0 rg BT 497.96 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.76 250.10 Td (access ) Tj ET Q q 0 0 0 rg BT 535.31 250.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.80 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.10 238.10 Td (services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.30 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.27 238.10 Td (until ) Tj ET Q q 0 0 0 rg BT 129.57 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.76 238.10 Td (system ) Tj ET Q q 0 0 0 rg BT 173.50 238.10 Td (was ) Tj ET Q q 0 0 0 rg BT 191.02 238.10 Td (restored ) Tj ET Q q 0 0 0 rg BT 225.20 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 236.73 238.10 Td (April ) Tj ET Q q 0 0 0 rg BT 259.81 238.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 269.28 238.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 293.74 238.10 Td (In ) Tj ET Q q 0 0 0 rg BT 304.04 238.10 Td (responding ) Tj ET Q q 0 0 0 rg BT 350.45 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.19 238.10 Td (this ) Tj ET Q q 0 0 0 rg BT 376.61 238.10 Td (outage, ) Tj ET Q q 0 0 0 rg BT 407.73 238.10 Td (we ) Tj ET Q q 0 0 0 rg BT 421.36 238.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 456.64 238.10 Td (forensics ) Tj ET Q q 0 0 0 rg BT 494.71 238.10 Td (experts ) Tj ET Q q 0 0 0 rg BT 525.56 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 238.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (consultants, ) Tj ET Q q 0 0 0 rg BT 100.50 226.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 139.00 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.28 226.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 196.00 226.10 Td (forensics ) Tj ET Q q 0 0 0 rg BT 235.60 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.55 226.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 298.72 226.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 318.32 226.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 355.14 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.42 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.15 226.10 Td (second ) Tj ET Q q 0 0 0 rg BT 413.42 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.36 226.10 Td (third ) Tj ET Q q 0 0 0 rg BT 453.75 226.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 489.47 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.30 226.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 527.05 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 535.69 226.10 Td (e ) Tj ET Q q 0 0 0 rg BT 543.63 226.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.93 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.95 214.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 156.40 214.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.86 214.10 Td (bolster ) Tj ET Q q 0 0 0 rg BT 196.76 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.77 214.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 269.31 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.43 214.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 321.86 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.87 214.10 Td (system ) Tj ET Q q 0 0 0 rg BT 368.33 214.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 400.99 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.17 214.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 447.73 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.85 214.10 Td (security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.86 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 501.04 214.10 Td (which ) Tj ET Q q 0 0 0 rg BT 528.16 214.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 550.84 214.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.09 202.10 Td (will ) Tj ET Q q 0 0 0 rg BT 96.15 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 108.09 202.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 143.90 202.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 190.29 202.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 212.79 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.73 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.45 202.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 292.47 202.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 185.70 Td (In ) Tj ET Q q 0 0 0 rg BT 83.33 185.70 Td (addition ) Tj ET Q q 0 0 0 rg BT 118.60 185.70 Td (to ) Tj ET Q q 0 0 0 rg BT 128.88 185.70 Td (our ) Tj ET Q q 0 0 0 rg BT 144.71 185.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 177.75 185.70 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 222.19 185.70 Td (our ) Tj ET Q q 0 0 0 rg BT 238.02 185.70 Td (business ) Tj ET Q q 0 0 0 rg BT 274.41 185.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 308.57 185.70 Td (has ) Tj ET Q q 0 0 0 rg BT 324.40 185.70 Td (evolved ) Tj ET Q q 0 0 0 rg BT 358.55 185.70 Td (to ) Tj ET Q q 0 0 0 rg BT 368.83 185.70 Td (address ) Tj ET Q q 0 0 0 rg BT 401.32 185.70 Td (recent ) Tj ET Q q 0 0 0 rg BT 428.25 185.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 463.53 185.70 Td (trends, ) Tj ET Q q 0 0 0 rg BT 492.96 185.70 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 168.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 168.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.80 168.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 176.08 168.70 Td (standards ) Tj ET Q q 0 0 0 rg BT 216.35 168.70 Td (imposed ) Tj ET Q q 0 0 0 rg BT 252.73 168.70 Td (by ) Tj ET Q q 0 0 0 rg BT 265.23 168.70 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 310.22 168.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 341.59 168.70 Td (and ) Tj ET Q q 0 0 0 rg BT 358.53 168.70 Td (investors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 151.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 151.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.80 151.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 188.85 151.70 Td (af) Tj ET Q q 0 0 0 rg BT 196.43 151.70 Td (fecting ) Tj ET Q q 0 0 0 rg BT 226.70 151.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 258.07 151.70 Td (and ) Tj ET Q q 0 0 0 rg BT 275.01 151.70 Td (investors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 134.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 134.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 135.80 134.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 159.96 134.70 Td (by ) Tj ET Q q 0 0 0 rg BT 172.46 134.70 Td (our ) Tj ET Q q 0 0 0 rg BT 188.29 134.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 231.34 134.70 Td (on ) Tj ET Q q 0 0 0 rg BT 243.84 134.70 Td (operational ) Tj ET Q q 0 0 0 rg BT 291.32 134.70 Td (ef) Tj ET Q q 0 0 0 rg BT 298.91 134.70 Td (ficiencies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 117.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 117.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 148.60 117.70 Td (adopting ) Tj ET Q q 0 0 0 rg BT 186.09 117.70 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 244.13 117.70 Td (strategies; ) Tj ET Q q 0 0 0 rg BT 287.17 117.70 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 100.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 100.30 Td (greater focus by customers and regulators on data security and consumer privacy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 83.90 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 83.90 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 83.90 Td (are ) Tj ET Q q 0 0 0 rg BT 102.78 83.90 Td (responding ) Tj ET Q q 0 0 0 rg BT 149.72 83.90 Td (to ) Tj ET Q q 0 0 0 rg BT 160.00 83.90 Td (these ) Tj ET Q q 0 0 0 rg BT 183.05 83.90 Td (trends ) Tj ET Q q 0 0 0 rg BT 209.99 83.90 Td (as ) Tj ET Q q 0 0 0 rg BT 220.82 83.90 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 63.90 Td (Incr) Tj ET Q q 0 0 0 rg BT 89.79 63.90 Td (eased ) Tj ET Q q 0 0 0 rg BT 114.18 63.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 143.57 63.90 Td (standar) Tj ET Q q 0 0 0 rg BT 173.76 63.90 Td (ds ) Tj ET Q q 0 0 0 rg BT 184.28 63.90 Td (imposed ) Tj ET Q q 0 0 0 rg BT 219.23 63.90 Td (by ) Tj ET Q q 0 0 0 rg BT 230.29 63.90 Td (r) Tj ET Q q 0 0 0 rg BT 233.81 63.90 Td (egulators, ) Tj ET Q q 0 0 0 rg BT 275.71 63.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 306.77 63.90 Td (and ) Tj ET Q q 0 0 0 rg BT 323.39 63.90 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 63.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 411.66 63.90 Td (is ) Tj ET Q q 0 0 0 rg BT 419.96 63.90 Td (designed ) Tj ET Q q 0 0 0 rg BT 457.12 63.90 Td (to ) Tj ET Q q 0 0 0 rg BT 466.52 63.90 Td (automate ) Tj ET Q q 0 0 0 rg BT 504.79 63.90 Td (and ) Tj ET Q q 0 0 0 rg BT 520.85 63.90 Td (streamline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 51.90 Td (the ) Tj ET Q q 0 0 0 rg BT 63.84 51.90 Td (process ) Tj ET Q q 0 0 0 rg BT 95.96 51.90 Td (of ) Tj ET Q q 0 0 0 rg BT 106.41 51.90 Td (originating ) Tj ET Q q 0 0 0 rg BT 152.42 51.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 196.19 51.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 208.60 51.90 Td (among ) Tj ET Q q 0 0 0 rg BT 237.94 51.90 Td (other ) Tj ET Q q 0 0 0 rg BT 260.61 51.90 Td (things, ) Tj ET Q q 0 0 0 rg BT 289.68 51.90 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 317.91 51.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 357.79 51.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 387.69 51.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 442.01 51.90 Td (of ) Tj ET Q q 0 0 0 rg BT 452.47 51.90 Td (investors. ) Tj ET Q q 0 0 0 rg BT 493.20 51.90 Td (Relevant ) Tj ET Q q 0 0 0 rg BT 530.87 51.90 Td (features ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.03 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 109.78 740.10 Td (include ) Tj ET Q q 0 0 0 rg BT 142.42 740.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 180.05 740.10 Td (customers) Tj ET Q q 0 0 0 rg BT 223.19 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.39 740.10 Td (management ) Tj ET Q q 0 0 0 rg BT 280.68 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.66 740.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 323.75 740.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 369.72 740.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 392.36 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.00 740.10 Td (formats, ) Tj ET Q q 0 0 0 rg BT 446.25 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.89 740.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 505.98 740.10 Td (milestone ) Tj ET Q q 0 0 0 rg BT 548.06 740.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.00 728.10 Td (reminders, ) Tj ET Q q 0 0 0 rg BT 126.99 728.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 171.15 728.10 Td (population ) Tj ET Q q 0 0 0 rg BT 216.43 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.27 728.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 253.10 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 273.39 728.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 309.20 728.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 330.86 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.81 728.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 383.61 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.56 728.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 444.72 728.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 497.78 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.62 728.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 528.34 728.10 Td (files ) Tj ET Q q 0 0 0 rg BT 548.07 728.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (data ) Tj ET Q q 0 0 0 rg BT 69.67 716.10 Td (from ) Tj ET Q q 0 0 0 rg BT 92.63 716.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 139.47 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.77 716.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 190.40 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.35 716.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 243.25 716.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.06 716.10 Td (TQL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.13 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.65 716.10 Td (program ) Tj ET Q q 0 0 0 rg BT 322.04 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.23 716.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 371.30 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.59 716.10 Td (further ) Tj ET Q q 0 0 0 rg BT 413.32 716.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 449.59 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.32 716.10 Td (quality) Tj ET Q q 0 0 0 rg BT 492.45 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.47 716.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 548.07 716.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (saleability ) Tj ET Q q 0 0 0 rg BT 92.90 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.54 704.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 126.96 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.26 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.77 704.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 201.62 704.10 Td (through ) Tj ET Q q 0 0 0 rg BT 235.03 704.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 284.88 704.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 334.78 704.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.42 704.10 Td (TQL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.49 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.79 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.77 704.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 406.51 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.59 704.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 445.54 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.07 704.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 515.15 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 529.11 704.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 554.74 704.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.90 692.10 Td (process ) Tj ET Q q 0 0 0 rg BT 96.07 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.58 692.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 155.41 692.10 Td (information ) Tj ET Q q 0 0 0 rg BT 204.81 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 226.43 692.10 Td (originator ) Tj ET Q q 0 0 0 rg BT 268.04 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.01 692.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 312.41 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.03 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.99 692.10 Td (give ) Tj ET Q q 0 0 0 rg BT 358.39 692.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 396.68 692.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 442.72 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.68 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.08 692.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 504.79 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.41 692.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.09 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.92 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.64 680.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.35 680.10 Td (that ) Tj ET Q q 0 0 0 rg BT 190.84 680.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.01 680.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 245.84 680.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 265.55 680.10 Td (files.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 663.70 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.44 663.70 Td (response ) Tj ET Q q 0 0 0 rg BT 119.05 663.70 Td (to ) Tj ET Q q 0 0 0 rg BT 128.44 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.27 663.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.63 663.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 211.02 663.70 Td (standards ) Tj ET Q q 0 0 0 rg BT 250.40 663.70 Td (and ) Tj ET Q q 0 0 0 rg BT 266.45 663.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 314.15 663.70 Td (mandates ) Tj ET Q q 0 0 0 rg BT 353.53 663.70 Td (af) Tj ET Q q 0 0 0 rg BT 361.12 663.70 Td (fecting ) Tj ET Q q 0 0 0 rg BT 390.49 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 404.32 663.70 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.45 663.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.57 663.70 Td (we ) Tj ET Q q 0 0 0 rg BT 453.84 663.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 481.55 663.70 Td (an ) Tj ET Q q 0 0 0 rg BT 492.60 663.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 531.96 663.70 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.22 651.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 100.37 651.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 131.64 651.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.81 651.70 Td (assess ) Tj ET Q q 0 0 0 rg BT 168.64 651.70 Td (new ) Tj ET Q q 0 0 0 rg BT 187.69 651.70 Td (platform ) Tj ET Q q 0 0 0 rg BT 224.51 651.70 Td (options ) Tj ET Q q 0 0 0 rg BT 256.35 651.70 Td (and ) Tj ET Q q 0 0 0 rg BT 273.18 651.70 Td (replace ) Tj ET Q q 0 0 0 rg BT 304.43 651.70 Td (their ) Tj ET Q q 0 0 0 rg BT 325.14 651.70 Td (legacy ) Tj ET Q q 0 0 0 rg BT 353.62 651.70 Td (systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.29 651.70 Td (. ) Tj ET Q q 0 0 0 rg BT 390.01 651.70 Td (W) Tj ET Q q 0 0 0 rg BT 398.65 651.70 Td (e ) Tj ET Q q 0 0 0 rg BT 405.48 651.70 Td (have ) Tj ET Q q 0 0 0 rg BT 426.74 651.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 466.88 651.70 Td (the ) Tj ET Q q 0 0 0 rg BT 481.49 651.70 Td (size ) Tj ET Q q 0 0 0 rg BT 499.43 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 510.15 651.70 Td (our ) Tj ET Q q 0 0 0 rg BT 525.87 651.70 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.70 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 100.02 639.70 Td (implementation ) Tj ET Q q 0 0 0 rg BT 166.92 639.70 Td (and ) Tj ET Q q 0 0 0 rg BT 185.50 639.70 Td (support ) Tj ET Q q 0 0 0 rg BT 219.64 639.70 Td (teams ) Tj ET Q q 0 0 0 rg BT 247.11 639.70 Td (by ) Tj ET Q q 0 0 0 rg BT 261.25 639.70 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 639.70 Td (1) Tj ET Q q 0 0 0 rg BT 327.77 639.70 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.10 639.70 Td ( ) Tj ET Q q 0 0 0 rg BT 350.24 639.70 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.82 639.70 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.82 639.70 Td ( ) Tj ET Q q 0 0 0 rg BT 392.96 639.70 Td (employees ) Tj ET Q q 0 0 0 rg BT 439.87 639.70 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.22 639.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 511.45 639.70 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.45 639.70 Td ( ) Tj ET Q q 0 0 0 rg BT 535.58 639.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.50 639.70 Td (324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 639.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.70 Td (employees ) Tj ET Q q 0 0 0 rg BT 94.76 627.70 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.48 627.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 163.06 627.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.06 627.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.56 627.70 Td (in ) Tj ET Q q 0 0 0 rg BT 195.84 627.70 Td (order ) Tj ET Q q 0 0 0 rg BT 219.44 627.70 Td (to ) Tj ET Q q 0 0 0 rg BT 229.72 627.70 Td (address ) Tj ET Q q 0 0 0 rg BT 262.21 627.70 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 308.58 627.70 Td (demand ) Tj ET Q q 0 0 0 rg BT 342.73 627.70 Td (for ) Tj ET Q q 0 0 0 rg BT 356.89 627.70 Td (our ) Tj ET Q q 0 0 0 rg BT 372.72 627.70 Td (software ) Tj ET Q q 0 0 0 rg BT 409.65 627.70 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.77 627.70 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 607.70 Td (Incr) Tj ET Q q 0 0 0 rg BT 89.79 607.70 Td (eased ) Tj ET Q q 0 0 0 rg BT 115.42 607.70 Td (r) Tj ET Q q 0 0 0 rg BT 118.94 607.70 Td (egulation ) Tj ET Q q 0 0 0 rg BT 159.57 607.70 Td (affecting ) Tj ET Q q 0 0 0 rg BT 197.42 607.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 229.72 607.70 Td (and ) Tj ET Q q 0 0 0 rg BT 247.58 607.70 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.19 607.70 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 335.98 607.70 Td (reforms ) Tj ET Q q 0 0 0 rg BT 369.94 607.70 Td (have ) Tj ET Q q 0 0 0 rg BT 391.68 607.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 444.53 607.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 485.15 607.70 Td (the ) Tj ET Q q 0 0 0 rg BT 500.22 607.70 Td (complexity ) Tj ET Q q 0 0 0 rg BT 548.07 607.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 595.70 Td (importance ) Tj ET Q q 0 0 0 rg BT 97.98 595.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.81 595.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 154.40 595.70 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 206.23 595.70 Td (W) Tj ET Q q 0 0 0 rg BT 214.87 595.70 Td (e ) Tj ET Q q 0 0 0 rg BT 222.80 595.70 Td (devote ) Tj ET Q q 0 0 0 rg BT 252.96 595.70 Td (considerable ) Tj ET Q q 0 0 0 rg BT 306.99 595.70 Td (resources ) Tj ET Q q 0 0 0 rg BT 348.24 595.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.52 595.70 Td (continually ) Tj ET Q q 0 0 0 rg BT 408.01 595.70 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 452.05 595.70 Td (software ) Tj ET Q q 0 0 0 rg BT 489.98 595.70 Td (to ) Tj ET Q q 0 0 0 rg BT 501.25 595.70 Td (help ) Tj ET Q q 0 0 0 rg BT 521.97 595.70 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 583.70 Td (address ) Tj ET Q q 0 0 0 rg BT 82.34 583.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 126.28 583.70 Td (changes. ) Tj ET Q q 0 0 0 rg BT 163.63 583.70 Td (W) Tj ET Q q 0 0 0 rg BT 172.27 583.70 Td (e ) Tj ET Q q 0 0 0 rg BT 179.55 583.70 Td (of) Tj ET Q q 0 0 0 rg BT 187.70 583.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 201.65 583.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 250.04 583.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 301.21 583.70 Td (Service, ) Tj ET Q q 0 0 0 rg BT 336.55 583.70 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.83 583.70 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 401.11 583.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 441.72 583.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 461.78 583.70 Td (data ) Tj ET Q q 0 0 0 rg BT 481.29 583.70 Td (for ) Tj ET Q q 0 0 0 rg BT 495.79 583.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.73 583.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 571.70 Td (consumer ) Tj ET Q q 0 0 0 rg BT 91.21 571.70 Td (protection ) Tj ET Q q 0 0 0 rg BT 134.59 571.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 155.75 571.70 Td (and ) Tj ET Q q 0 0 0 rg BT 173.03 571.70 Td (institutionally ) Tj ET Q q 0 0 0 rg BT 231.42 571.70 Td (mandated ) Tj ET Q q 0 0 0 rg BT 273.12 571.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 322.05 571.70 Td (policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 571.70 Td ( ) Tj ET Q q 0 0 0 rg BT 355.98 571.70 Td (and ) Tj ET Q q 0 0 0 rg BT 373.26 571.70 Td (alerts ) Tj ET Q q 0 0 0 rg BT 397.75 571.70 Td (users ) Tj ET Q q 0 0 0 rg BT 421.13 571.70 Td (to ) Tj ET Q q 0 0 0 rg BT 431.75 571.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 467.36 571.70 Td (violations ) Tj ET Q q 0 0 0 rg BT 509.64 571.70 Td (of ) Tj ET Q q 0 0 0 rg BT 520.80 571.70 Td (these ) Tj ET Q q 0 0 0 rg BT 544.18 571.70 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 559.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.05 559.70 Td (policies. ) Tj ET Q q 0 0 0 rg BT 101.77 559.70 Td (In ) Tj ET Q q 0 0 0 rg BT 112.21 559.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 149.59 559.70 Td (we ) Tj ET Q q 0 0 0 rg BT 163.36 559.70 Td (have ) Tj ET Q q 0 0 0 rg BT 184.35 559.70 Td (a ) Tj ET Q q 0 0 0 rg BT 190.90 559.70 Td (staf) Tj ET Q q 0 0 0 rg BT 205.16 559.70 Td (f ) Tj ET Q q 0 0 0 rg BT 210.60 559.70 Td (of ) Tj ET Q q 0 0 0 rg BT 221.05 559.70 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 259.81 559.70 Td (and ) Tj ET Q q 0 0 0 rg BT 276.36 559.70 Td (work ) Tj ET Q q 0 0 0 rg BT 299.03 559.70 Td (with ) Tj ET Q q 0 0 0 rg BT 318.92 559.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 367.12 559.70 Td (experts ) Tj ET Q q 0 0 0 rg BT 398.11 559.70 Td (who ) Tj ET Q q 0 0 0 rg BT 417.44 559.70 Td (help ) Tj ET Q q 0 0 0 rg BT 436.77 559.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 464.98 559.70 Td (that ) Tj ET Q q 0 0 0 rg BT 482.09 559.70 Td (documents ) Tj ET Q q 0 0 0 rg BT 527.52 559.70 Td (prepared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.70 Td (using ) Tj ET Q q 0 0 0 rg BT 74.02 547.70 Td (our ) Tj ET Q q 0 0 0 rg BT 90.21 547.70 Td (software ) Tj ET Q q 0 0 0 rg BT 127.49 547.70 Td (and ) Tj ET Q q 0 0 0 rg BT 144.78 547.70 Td (the ) Tj ET Q q 0 0 0 rg BT 159.85 547.70 Td (processes ) Tj ET Q q 0 0 0 rg BT 201.02 547.70 Td (recommended ) Tj ET Q q 0 0 0 rg BT 260.52 547.70 Td (by ) Tj ET Q q 0 0 0 rg BT 273.37 547.70 Td (the ) Tj ET Q q 0 0 0 rg BT 288.44 547.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 336.84 547.70 Td (workflow ) Tj ET Q q 0 0 0 rg BT 378.57 547.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 411.42 547.70 Td (with ) Tj ET Q q 0 0 0 rg BT 432.05 547.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 476.00 547.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 498.29 547.70 Td (and ) Tj ET Q q 0 0 0 rg BT 515.58 547.70 Td (regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.70 Td (For ) Tj ET Q q 0 0 0 rg BT 66.56 535.70 Td (example, ) Tj ET Q q 0 0 0 rg BT 106.09 535.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 149.25 535.70 Td (tools ) Tj ET Q q 0 0 0 rg BT 171.86 535.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.47 535.70 Td (product ) Tj ET Q q 0 0 0 rg BT 223.18 535.70 Td (updates ) Tj ET Q q 0 0 0 rg BT 256.89 535.70 Td (were ) Tj ET Q q 0 0 0 rg BT 279.49 535.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 314.85 535.70 Td (required ) Tj ET Q q 0 0 0 rg BT 351.34 535.70 Td (to ) Tj ET Q q 0 0 0 rg BT 362.28 535.70 Td (address ) Tj ET Q q 0 0 0 rg BT 395.44 535.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.12 535.70 Td (Ability-to-Repay) Tj ET Q q 0 0 0 rg BT 477.79 535.70 Td (, ) Tj ET Q q 0 0 0 rg BT 483.46 535.70 Td (or ) Tj ET Q q 0 0 0 rg BT 494.25 535.70 Td (A) Tj ET Q q 0 0 0 rg BT 500.37 535.70 Td (TR, ) Tj ET Q q 0 0 0 rg BT 518.81 535.70 Td (/ ) Tj ET Q q 0 0 0 rg BT 524.75 535.70 Td (Qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.70 Td (Mortgage, ) Tj ET Q q 0 0 0 rg BT 93.31 523.70 Td (or ) Tj ET Q q 0 0 0 rg BT 104.07 523.70 Td (QM, ) Tj ET Q q 0 0 0 rg BT 125.12 523.70 Td (and ) Tj ET Q q 0 0 0 rg BT 141.99 523.70 Td (Federal ) Tj ET Q q 0 0 0 rg BT 174.41 523.70 Td (and ) Tj ET Q q 0 0 0 rg BT 191.28 523.70 Td (State ) Tj ET Q q 0 0 0 rg BT 213.71 523.70 Td (High ) Tj ET Q q 0 0 0 rg BT 236.14 523.70 Td (Cost ) Tj ET Q q 0 0 0 rg BT 256.92 523.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 278.79 523.70 Td (that ) Tj ET Q q 0 0 0 rg BT 296.22 523.70 Td (became ) Tj ET Q q 0 0 0 rg BT 329.18 523.70 Td (ef) Tj ET Q q 0 0 0 rg BT 336.77 523.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 366.40 523.70 Td (in ) Tj ET Q q 0 0 0 rg BT 376.62 523.70 Td (January ) Tj ET Q q 0 0 0 rg BT 410.15 523.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 523.70 Td (. ) Tj ET Q q 0 0 0 rg BT 435.08 523.70 Td (In ) Tj ET Q q 0 0 0 rg BT 445.84 523.70 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.55 523.70 Td (we ) Tj ET Q q 0 0 0 rg BT 497.64 523.70 Td (will ) Tj ET Q q 0 0 0 rg BT 515.63 523.70 Td (be ) Tj ET Q q 0 0 0 rg BT 527.50 523.70 Td (updating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.31 511.70 Td (of ) Tj ET Q q 0 0 0 rg BT 90.25 511.70 Td (our ) Tj ET Q q 0 0 0 rg BT 106.20 511.70 Td (products ) Tj ET Q q 0 0 0 rg BT 143.25 511.70 Td (to ) Tj ET Q q 0 0 0 rg BT 153.64 511.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 186.24 511.70 Td (with ) Tj ET Q q 0 0 0 rg BT 206.63 511.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.27 511.70 Td (TILA-RESP) Tj ET Q q 0 0 0 rg BT 270.35 511.70 Td (A) Tj ET Q q 0 0 0 rg BT 277.02 511.70 Td ( ) Tj ET Q q 0 0 0 rg BT 279.63 511.70 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 322.78 511.70 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 368.16 511.70 Td (rule ) Tj ET Q q 0 0 0 rg BT 386.32 511.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 421.13 511.70 Td (that ) Tj ET Q q 0 0 0 rg BT 438.74 511.70 Td (take ) Tj ET Q q 0 0 0 rg BT 458.01 511.70 Td (ef) Tj ET Q q 0 0 0 rg BT 465.60 511.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 483.19 511.70 Td (in ) Tj ET Q q 0 0 0 rg BT 493.00 511.70 Td (August ) Tj ET Q q 0 0 0 rg BT 524.51 511.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.51 511.70 Td (. ) Tj ET Q q 0 0 0 rg BT 549.43 511.70 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 511.70 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.36 499.70 Td (we ) Tj ET Q q 0 0 0 rg BT 96.01 499.70 Td (are ) Tj ET Q q 0 0 0 rg BT 111.21 499.70 Td (also ) Tj ET Q q 0 0 0 rg BT 130.31 499.70 Td (well-positioned ) Tj ET Q q 0 0 0 rg BT 195.51 499.70 Td (to ) Tj ET Q q 0 0 0 rg BT 206.28 499.70 Td (help ) Tj ET Q q 0 0 0 rg BT 226.48 499.70 Td (our ) Tj ET Q q 0 0 0 rg BT 242.80 499.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 286.34 499.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 308.76 499.70 Td (future ) Tj ET Q q 0 0 0 rg BT 335.63 499.70 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 386.84 499.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 404.27 499.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 459.46 499.70 Td (as ) Tj ET Q q 0 0 0 rg BT 470.78 499.70 Td (they ) Tj ET Q q 0 0 0 rg BT 490.99 499.70 Td (are ) Tj ET Q q 0 0 0 rg BT 506.18 499.70 Td (published ) Tj ET Q q 0 0 0 rg BT 548.06 499.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.70 Td (become ) Tj ET Q q 0 0 0 rg BT 83.09 487.70 Td (ef) Tj ET Q q 0 0 0 rg BT 90.68 487.70 Td (fective.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 467.70 Td (Gr) Tj ET Q q 0 0 0 rg BT 84.24 467.70 Td (eater ) Tj ET Q q 0 0 0 rg BT 106.40 467.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 129.13 467.70 Td (on ) Tj ET Q q 0 0 0 rg BT 140.74 467.70 Td (operational ) Tj ET Q q 0 0 0 rg BT 189.02 467.70 Td (efficiencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.49 467.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.99 467.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 279.48 467.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 324.42 467.70 Td (experienced ) Tj ET Q q 0 0 0 rg BT 374.34 467.70 Td (a ) Tj ET Q q 0 0 0 rg BT 380.39 467.70 Td ($2,263 ) Tj ET Q q 0 0 0 rg BT 409.50 467.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 443.87 467.70 Td (in ) Tj ET Q q 0 0 0 rg BT 453.26 467.70 Td (the ) Tj ET Q q 0 0 0 rg BT 467.09 467.70 Td (average ) Tj ET Q q 0 0 0 rg BT 499.79 467.70 Td (total ) Tj ET Q q 0 0 0 rg BT 519.18 467.70 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.86 455.70 Td (per ) Tj ET Q q 0 0 0 rg BT 82.88 455.70 Td (loan, ) Tj ET Q q 0 0 0 rg BT 104.85 455.70 Td (from ) Tj ET Q q 0 0 0 rg BT 126.55 455.70 Td ($3,685 ) Tj ET Q q 0 0 0 rg BT 156.30 455.70 Td (in ) Tj ET Q q 0 0 0 rg BT 166.33 455.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 188.58 455.70 Td (to ) Tj ET Q q 0 0 0 rg BT 198.62 455.70 Td ($5,948 ) Tj ET Q q 0 0 0 rg BT 228.37 455.70 Td (in ) Tj ET Q q 0 0 0 rg BT 238.40 455.70 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 260.90 460.23 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 455.70 Td ( ) Tj ET Q q 0 0 0 rg BT 266.40 455.70 Td (During ) Tj ET Q q 0 0 0 rg BT 296.99 455.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.46 455.70 Td (third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.34 455.70 Td ( ) Tj ET Q q 0 0 0 rg BT 332.60 455.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.17 455.70 Td (of ) Tj ET Q q 0 0 0 rg BT 373.75 455.70 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 455.70 Td (the ) Tj ET Q q 0 0 0 rg BT 412.97 455.70 Td (average ) Tj ET Q q 0 0 0 rg BT 446.31 455.70 Td (total ) Tj ET Q q 0 0 0 rg BT 466.34 455.70 Td (production ) Tj ET Q q 0 0 0 rg BT 511.92 455.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 530.28 455.70 Td (per ) Tj ET Q q 0 0 0 rg BT 545.30 455.70 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.70 Td (was ) Tj ET Q q 0 0 0 rg BT 67.15 443.70 Td ($6,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.65 443.70 Td (,) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 97.15 448.23 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.40 443.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 443.70 Td (and ) Tj ET Q q 0 0 0 rg BT 119.04 443.70 Td (we ) Tj ET Q q 0 0 0 rg BT 132.80 443.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 161.00 443.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.10 443.70 Td (to ) Tj ET Q q 0 0 0 rg BT 192.98 443.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 229.51 443.70 Td (to ) Tj ET Q q 0 0 0 rg BT 239.39 443.70 Td (be ) Tj ET Q q 0 0 0 rg BT 250.93 443.70 Td (a ) Tj ET Q q 0 0 0 rg BT 257.47 443.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 301.79 443.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 357.76 443.70 Td (for ) Tj ET Q q 0 0 0 rg BT 371.52 443.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 411.38 443.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 456.81 443.70 Td (due ) Tj ET Q q 0 0 0 rg BT 473.35 443.70 Td (to ) Tj ET Q q 0 0 0 rg BT 483.23 443.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 524.76 443.70 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 92.71 431.70 Td (and ) Tj ET Q q 0 0 0 rg BT 109.82 431.70 Td (heightened ) Tj ET Q q 0 0 0 rg BT 156.36 431.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 186.80 431.70 Td (standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.57 431.70 Td (. ) Tj ET Q q 0 0 0 rg BT 229.74 431.70 Td (By ) Tj ET Q q 0 0 0 rg BT 244.08 431.70 Td (automating ) Tj ET Q q 0 0 0 rg BT 291.73 431.70 Td (many ) Tj ET Q q 0 0 0 rg BT 316.62 431.70 Td (of ) Tj ET Q q 0 0 0 rg BT 327.62 431.70 Td (the ) Tj ET Q q 0 0 0 rg BT 342.50 431.70 Td (functions ) Tj ET Q q 0 0 0 rg BT 382.39 431.70 Td (of ) Tj ET Q q 0 0 0 rg BT 393.39 431.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 433.82 431.70 Td (origination, ) Tj ET Q q 0 0 0 rg BT 482.87 431.70 Td (we ) Tj ET Q q 0 0 0 rg BT 497.20 431.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 525.96 431.70 Td (our ) Tj ET Q q 0 0 0 rg BT 541.96 431.70 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 419.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 92.44 419.70 Td (with ) Tj ET Q q 0 0 0 rg BT 112.80 419.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 159.82 419.70 Td (and ) Tj ET Q q 0 0 0 rg BT 176.84 419.70 Td (process ) Tj ET Q q 0 0 0 rg BT 209.41 419.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 239.77 419.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 263.46 419.70 Td (more ) Tj ET Q q 0 0 0 rg BT 286.59 419.70 Td (ef) Tj ET Q q 0 0 0 rg BT 294.18 419.70 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 330.08 419.70 Td (and ) Tj ET Q q 0 0 0 rg BT 347.10 419.70 Td (ef) Tj ET Q q 0 0 0 rg BT 354.69 419.70 Td (fectively) Tj ET Q q 0 0 0 rg BT 389.02 419.70 Td (. ) Tj ET Q q 0 0 0 rg BT 393.92 419.70 Td (This ) Tj ET Q q 0 0 0 rg BT 414.28 419.70 Td (reduces ) Tj ET Q q 0 0 0 rg BT 447.40 419.70 Td (the ) Tj ET Q q 0 0 0 rg BT 462.20 419.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.89 419.70 Td (of ) Tj ET Q q 0 0 0 rg BT 491.80 419.70 Td (originating ) Tj ET Q q 0 0 0 rg BT 538.27 419.70 Td (a ) Tj ET Q q 0 0 0 rg BT 545.29 419.70 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.62 407.70 Td (lowers ) Tj ET Q q 0 0 0 rg BT 95.96 407.70 Td (the ) Tj ET Q q 0 0 0 rg BT 110.85 407.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 128.53 407.70 Td (of ) Tj ET Q q 0 0 0 rg BT 139.54 407.70 Td (buy-back ) Tj ET Q q 0 0 0 rg BT 179.43 407.70 Td (demands ) Tj ET Q q 0 0 0 rg BT 217.66 407.70 Td (from ) Tj ET Q q 0 0 0 rg BT 239.78 407.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 278.56 407.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 316.24 407.70 Td (from ) Tj ET Q q 0 0 0 rg BT 338.36 407.70 Td (poorly ) Tj ET Q q 0 0 0 rg BT 367.14 407.70 Td (originated ) Tj ET Q q 0 0 0 rg BT 410.37 407.70 Td (or ) Tj ET Q q 0 0 0 rg BT 421.38 407.70 Td (documented ) Tj ET Q q 0 0 0 rg BT 472.93 407.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 496.72 407.70 Td (or ) Tj ET Q q 0 0 0 rg BT 507.73 407.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 531.51 407.70 Td (that ) Tj ET Q q 0 0 0 rg BT 549.19 407.70 Td (fail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.50 395.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 91.71 395.70 Td (with ) Tj ET Q q 0 0 0 rg BT 111.71 395.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 155.02 395.70 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 204.01 395.70 Td (W) Tj ET Q q 0 0 0 rg BT 212.65 395.70 Td (e ) Tj ET Q q 0 0 0 rg BT 219.31 395.70 Td (continually ) Tj ET Q q 0 0 0 rg BT 266.52 395.70 Td (address ) Tj ET Q q 0 0 0 rg BT 298.72 395.70 Td (the ) Tj ET Q q 0 0 0 rg BT 313.16 395.70 Td (changing ) Tj ET Q q 0 0 0 rg BT 352.04 395.70 Td (needs ) Tj ET Q q 0 0 0 rg BT 377.02 395.70 Td (of ) Tj ET Q q 0 0 0 rg BT 387.57 395.70 Td (our ) Tj ET Q q 0 0 0 rg BT 403.12 395.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 445.89 395.70 Td (by ) Tj ET Q q 0 0 0 rg BT 458.11 395.70 Td (developing ) Tj ET Q q 0 0 0 rg BT 504.76 395.70 Td (and ) Tj ET Q q 0 0 0 rg BT 521.42 395.70 Td (enhancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.70 Td (tools ) Tj ET Q q 0 0 0 rg BT 71.31 383.70 Td (to ) Tj ET Q q 0 0 0 rg BT 81.44 383.70 Td (allow ) Tj ET Q q 0 0 0 rg BT 106.02 383.70 Td (for ) Tj ET Q q 0 0 0 rg BT 120.04 383.70 Td (simplified ) Tj ET Q q 0 0 0 rg BT 162.95 383.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 206.40 383.70 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 257.35 383.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 297.46 383.70 Td (availability ) Tj ET Q q 0 0 0 rg BT 344.80 383.70 Td (of ) Tj ET Q q 0 0 0 rg BT 355.49 383.70 Td (information, ) Tj ET Q q 0 0 0 rg BT 407.56 383.70 Td (and ) Tj ET Q q 0 0 0 rg BT 424.36 383.70 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 464.47 383.70 Td (system ) Tj ET Q q 0 0 0 rg BT 494.61 383.70 Td (functionality ) Tj ET Q q 0 0 0 rg BT 548.06 383.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.70 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 355.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.54 355.30 Td (ith ) Tj ET Q q 0 0 0 rg BT 94.68 355.30 Td (an ) Tj ET Q q 0 0 0 rg BT 106.70 355.30 Td (eye ) Tj ET Q q 0 0 0 rg BT 123.16 355.30 Td (towards ) Tj ET Q q 0 0 0 rg BT 157.40 355.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 198.87 355.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 242.00 355.30 Td (with ) Tj ET Q q 0 0 0 rg BT 262.36 355.30 Td (ever) Tj ET Q q 0 0 0 rg BT 279.37 355.30 Td (-improving ) Tj ET Q q 0 0 0 rg BT 326.95 355.30 Td (tools ) Tj ET Q q 0 0 0 rg BT 348.98 355.30 Td (to ) Tj ET Q q 0 0 0 rg BT 359.34 355.30 Td (enhance ) Tj ET Q q 0 0 0 rg BT 394.68 355.30 Td (ef) Tj ET Q q 0 0 0 rg BT 402.27 355.30 Td (ficiency) Tj ET Q q 0 0 0 rg BT 433.82 355.30 Td (, ) Tj ET Q q 0 0 0 rg BT 438.90 355.30 Td (we ) Tj ET Q q 0 0 0 rg BT 453.14 355.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 491.82 355.30 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 533.27 355.30 Td (that ) Tj ET Q q 0 0 0 rg BT 550.85 355.30 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.30 Td (will ) Tj ET Q q 0 0 0 rg BT 66.49 343.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 102.35 343.30 Td (to ) Tj ET Q q 0 0 0 rg BT 111.56 343.30 Td (develop ) Tj ET Q q 0 0 0 rg BT 144.65 343.30 Td (new ) Tj ET Q q 0 0 0 rg BT 162.74 343.30 Td (service ) Tj ET Q q 0 0 0 rg BT 192.49 343.30 Td (of) Tj ET Q q 0 0 0 rg BT 200.64 343.30 Td (ferings ) Tj ET Q q 0 0 0 rg BT 229.84 343.30 Td (through ) Tj ET Q q 0 0 0 rg BT 262.38 343.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 343.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 296.35 343.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 315.55 343.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.54 343.30 Td ( ) Tj ET Q q 0 0 0 rg BT 351.97 343.30 Td (and ) Tj ET Q q 0 0 0 rg BT 367.84 343.30 Td (pursue ) Tj ET Q q 0 0 0 rg BT 395.93 343.30 Td (adoption ) Tj ET Q q 0 0 0 rg BT 432.36 343.30 Td (of ) Tj ET Q q 0 0 0 rg BT 442.12 343.30 Td (our ) Tj ET Q q 0 0 0 rg BT 456.88 343.30 Td (services ) Tj ET Q q 0 0 0 rg BT 490.52 343.30 Td (through ) Tj ET Q q 0 0 0 rg BT 523.06 343.30 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.30 Td (such ) Tj ET Q q 0 0 0 rg BT 70.27 331.30 Td (as ) Tj ET Q q 0 0 0 rg BT 81.03 331.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.62 331.30 Td (TQL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.69 331.30 Td ( ) Tj ET Q q 0 0 0 rg BT 118.12 331.30 Td (program. ) Tj ET Q q 0 0 0 rg BT 156.94 331.30 Td (By ) Tj ET Q q 0 0 0 rg BT 171.04 331.30 Td (integrating ) Tj ET Q q 0 0 0 rg BT 216.80 331.30 Td (and ) Tj ET Q q 0 0 0 rg BT 233.67 331.30 Td (expanding ) Tj ET Q q 0 0 0 rg BT 277.76 331.30 Td (our ) Tj ET Q q 0 0 0 rg BT 293.53 331.30 Td (current ) Tj ET Q q 0 0 0 rg BT 324.28 331.30 Td (and ) Tj ET Q q 0 0 0 rg BT 341.15 331.30 Td (new ) Tj ET Q q 0 0 0 rg BT 360.25 331.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 397.39 331.30 Td (we ) Tj ET Q q 0 0 0 rg BT 411.49 331.30 Td (aim ) Tj ET Q q 0 0 0 rg BT 428.92 331.30 Td (to ) Tj ET Q q 0 0 0 rg BT 439.13 331.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 472.11 331.30 Td (a ) Tj ET Q q 0 0 0 rg BT 478.99 331.30 Td (more ) Tj ET Q q 0 0 0 rg BT 501.97 331.30 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 79.76 319.30 Td (to ) Tj ET Q q 0 0 0 rg BT 90.04 319.30 Td (our ) Tj ET Q q 0 0 0 rg BT 105.87 319.30 Td (users.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.15 83.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 82.92 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 142.59 82.92 Td (Association, ) Tj ET Q q 0 0 0 rg BT 194.26 82.92 Td (Annual Mortgage Bankers Performance Report 2013 Data, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 432.52 82.92 Td (Net Loan Pr) Tj ET Q q 0 0 0 rg BT 481.60 82.92 Td (oduction Income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 66.50 72.91 Td (and Expense, $ per loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.42 72.91 Td (Copyright May 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.15 58.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 57.92 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 142.59 57.92 Td (Association, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.81 57.92 Td (Independent Mortgage Bankers Pr) Tj ET Q q 0 0 0 rg BT 333.57 57.92 Td (ofits Dr) Tj ET Q q 0 0 0 rg BT 364.04 57.92 Td (op Slightly Despite Higher V) Tj ET Q q 0 0 0 rg BT 478.47 57.92 Td (olume in the Thir) Tj ET Q q 0 0 0 rg BT 547.26 57.92 Td (d ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 66.50 47.91 Td (Quarter of 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 47.91 Td (, December 4, 2014.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (32) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 118.72 740.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 157.71 740.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 216.68 740.10 Td (strategies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.50 740.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 307.72 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.36 740.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 371.23 740.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 430.20 740.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 471.40 740.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 504.27 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.14 740.10 Td (single ) Tj ET Q q 0 0 0 rg BT 539.46 740.10 Td (retail, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 107.51 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 117.20 728.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 158.55 728.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 197.68 728.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 229.04 728.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 261.50 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.64 728.10 Td (order ) Tj ET Q q 0 0 0 rg BT 293.10 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.24 728.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 324.16 728.10 Td (their ) Tj ET Q q 0 0 0 rg BT 343.85 728.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 389.83 728.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.74 728.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 460.31 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.00 728.10 Td (these ) Tj ET Q q 0 0 0 rg BT 491.92 728.10 Td (dif) Tj ET Q q 0 0 0 rg BT 502.84 728.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 527.52 728.10 Td (channels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 70.53 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.24 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.28 716.10 Td (order ) Tj ET Q q 0 0 0 rg BT 123.64 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.68 716.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 172.94 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.64 716.10 Td (single ) Tj ET Q q 0 0 0 rg BT 207.79 716.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.82 716.10 Td (system, ) Tj ET Q q 0 0 0 rg BT 282.36 716.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 326.17 716.10 Td (must ) Tj ET Q q 0 0 0 rg BT 348.88 716.10 Td (use ) Tj ET Q q 0 0 0 rg BT 365.48 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.18 716.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 401.45 716.10 Td (system ) Tj ET Q q 0 0 0 rg BT 432.49 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.53 716.10 Td (customizable ) Tj ET Q q 0 0 0 rg BT 509.55 716.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 560.00 716.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 716.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.29 704.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 132.85 704.10 Td (support ) Tj ET Q q 0 0 0 rg BT 165.09 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.99 704.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 236.76 704.10 Td (workflows, ) Tj ET Q q 0 0 0 rg BT 284.28 704.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 321.51 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.08 704.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 379.86 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.88 704.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 412.67 704.10 Td (ef) Tj ET Q q 0 0 0 rg BT 420.25 704.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 460.80 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.48 704.10 Td (boost ) Tj ET Q q 0 0 0 rg BT 501.39 704.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 552.51 704.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (creating ) Tj ET Q q 0 0 0 rg BT 83.39 692.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 114.51 692.10 Td (workflows ) Tj ET Q q 0 0 0 rg BT 158.97 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.31 692.10 Td (each ) Tj ET Q q 0 0 0 rg BT 192.31 692.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 225.09 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 241.77 692.10 Td (map ) Tj ET Q q 0 0 0 rg BT 260.67 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.13 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.14 692.10 Td (customers) Tj ET Q q 0 0 0 rg BT 328.28 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.96 692.10 Td (business ) Tj ET Q q 0 0 0 rg BT 365.54 692.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 392.49 692.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 439.72 692.10 Td (users ) Tj ET Q q 0 0 0 rg BT 461.96 692.10 Td (can ) Tj ET Q q 0 0 0 rg BT 477.52 692.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 519.74 692.10 Td (workflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.20 680.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.14 680.10 Td (channel, ) Tj ET Q q 0 0 0 rg BT 121.67 680.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 140.82 680.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 174.41 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.68 680.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 217.71 680.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 236.86 680.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 267.11 680.10 Td (- ) Tj ET Q q 0 0 0 rg BT 272.37 680.10 Td (all ) Tj ET Q q 0 0 0 rg BT 284.30 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.57 680.10 Td (which ) Tj ET Q q 0 0 0 rg BT 320.94 680.10 Td (can ) Tj ET Q q 0 0 0 rg BT 336.75 680.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 356.46 680.10 Td (between ) Tj ET Q q 0 0 0 rg BT 391.71 680.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 423.64 680.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 462.63 680.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 512.53 680.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.97 680.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 92.89 668.10 Td (Direct) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.88 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.16 668.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 143.55 668.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.17 668.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 202.00 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.50 668.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 244.34 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.40 668.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 292.23 668.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 315.62 668.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 348.44 668.10 Td (from ) Tj ET Q q 0 0 0 rg BT 370.17 668.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 412.99 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 425.28 668.10 Td (of) Tj ET Q q 0 0 0 rg BT 433.43 668.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 459.59 668.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.31 668.10 Td (online ) Tj ET Q q 0 0 0 rg BT 498.59 668.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 518.09 668.10 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 656.10 Td (can ) Tj ET Q q 0 0 0 rg BT 83.37 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.31 656.10 Td (accessed ) Tj ET Q q 0 0 0 rg BT 132.79 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.29 656.10 Td (anyone ) Tj ET Q q 0 0 0 rg BT 176.66 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.94 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.88 656.10 Td (web ) Tj ET Q q 0 0 0 rg BT 223.04 656.10 Td (browser) Tj ET Q q 0 0 0 rg BT 254.70 656.10 Td (.) 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591.70 Td (in ) Tj ET Q q 0 0 0 rg BT 511.89 591.70 Td (data ) Tj ET Q q 0 0 0 rg BT 530.85 591.70 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.70 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 579.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 102.81 579.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 155.86 579.70 Td (over ) Tj ET Q q 0 0 0 rg BT 176.13 579.70 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 553.40 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 100.90 553.40 Td (Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 533.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.34 533.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 126.42 533.40 Td (is ) Tj ET Q q 0 0 0 rg BT 135.38 533.40 Td (highly ) Tj ET Q q 0 0 0 rg BT 163.23 533.40 Td (fragmented, ) Tj ET Q q 0 0 0 rg BT 213.55 533.40 Td (and ) Tj ET Q q 0 0 0 rg BT 230.28 533.40 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.23 533.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 275.40 533.40 Td (there ) Tj ET Q q 0 0 0 rg BT 297.68 533.40 Td (are ) Tj ET Q q 0 0 0 rg BT 312.18 533.40 Td (strategic ) Tj ET Q q 0 0 0 rg BT 348.34 533.40 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 403.41 533.40 Td (available ) Tj ET Q q 0 0 0 rg BT 441.79 533.40 Td (to ) Tj ET Q q 0 0 0 rg BT 451.86 533.40 Td (acquire ) Tj ET Q q 0 0 0 rg BT 483.58 533.40 Td (competing ) Tj ET Q q 0 0 0 rg BT 528.08 533.40 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 96.01 521.40 Td (or ) Tj ET Q q 0 0 0 rg BT 108.08 521.40 Td (software ) Tj ET Q q 0 0 0 rg BT 146.25 521.40 Td (providers ) Tj ET Q q 0 0 0 rg BT 187.76 521.40 Td (that ) Tj ET Q q 0 0 0 rg BT 206.50 521.40 Td (of) Tj ET Q q 0 0 0 rg BT 214.65 521.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 229.49 521.40 Td (related ) Tj ET Q q 0 0 0 rg BT 260.44 521.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 301.94 521.40 Td (origination ) Tj ET Q q 0 0 0 rg BT 349.57 521.40 Td (functionality ) Tj ET Q q 0 0 0 rg BT 404.41 521.40 Td (that ) Tj ET Q q 0 0 0 rg BT 423.15 521.40 Td (will ) Tj ET Q q 0 0 0 rg BT 442.44 521.40 Td (complement ) Tj ET Q q 0 0 0 rg BT 495.62 521.40 Td (and ) Tj ET Q q 0 0 0 rg BT 513.80 521.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.29 521.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.40 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 106.52 509.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.46 509.40 Td (our ) Tj ET Q q 0 0 0 rg BT 133.39 509.40 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.51 509.40 Td (. ) Tj ET Q q 0 0 0 rg BT 174.62 509.40 Td (In ) Tj ET Q q 0 0 0 rg BT 185.55 509.40 Td (October ) Tj ET Q q 0 0 0 rg BT 220.36 509.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 245.47 509.40 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.73 509.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 296.76 509.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 349.92 509.40 Td (all ) Tj ET Q q 0 0 0 rg BT 362.52 509.40 Td (the ) Tj ET Q q 0 0 0 rg BT 377.34 509.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.28 509.40 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.61 509.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.21 509.40 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 455.69 509.40 Td (Resource ) Tj ET Q q 0 0 0 rg BT 495.51 509.40 Td (Center) Tj ET Q q 0 0 0 rg BT 521.76 509.40 Td (, ) Tj ET Q q 0 0 0 rg BT 526.87 509.40 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.13 509.40 Td ( ) Tj ET Q q 0 0 0 rg BT 544.74 509.40 Td (\(dba ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.40 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.28 497.40 Td (\), ) Tj ET Q q 0 0 0 rg BT 90.62 497.40 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.90 497.40 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.68 497.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.69 497.40 Td (a ) Tj ET Q q 0 0 0 rg BT 145.64 497.40 Td (provider ) Tj ET Q q 0 0 0 rg BT 182.02 497.40 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.35 497.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.86 497.40 Td (research ) Tj ET Q q 0 0 0 rg BT 228.68 497.40 Td (and ) Tj ET Q q 0 0 0 rg BT 245.62 497.40 Td (reference, ) Tj ET Q q 0 0 0 rg BT 287.81 497.40 Td (education, ) Tj ET Q q 0 0 0 rg BT 331.70 497.40 Td (documentation ) Tj ET Q q 0 0 0 rg BT 393.63 497.40 Td (and ) Tj ET Q q 0 0 0 rg BT 410.58 497.40 Td (data ) Tj ET Q q 0 0 0 rg BT 429.74 497.40 Td (and ) Tj ET Q q 0 0 0 rg BT 446.69 497.40 Td (analytics ) Tj ET Q q 0 0 0 rg BT 484.74 497.40 Td (products ) Tj ET Q q 0 0 0 rg BT 521.69 497.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.74 497.40 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.40 Td (the ) Tj ET Q q 0 0 0 rg BT 63.18 485.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 102.41 485.40 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.54 485.40 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.40 485.40 Td (The ) Tj ET Q q 0 0 0 rg BT 155.41 485.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 180.20 485.40 Td (that ) Tj ET Q q 0 0 0 rg BT 196.66 485.40 Td (we ) Tj ET Q q 0 0 0 rg BT 209.78 485.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 245.67 485.40 Td (from ) Tj ET Q q 0 0 0 rg BT 266.25 485.40 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 300.49 485.40 Td (will ) Tj ET Q q 0 0 0 rg BT 317.51 485.40 Td (allow ) Tj ET Q q 0 0 0 rg BT 341.19 485.40 Td (us ) Tj ET Q q 0 0 0 rg BT 351.55 485.40 Td (to ) Tj ET Q q 0 0 0 rg BT 360.79 485.40 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 403.91 485.40 Td (our ) Tj ET Q q 0 0 0 rg BT 418.70 485.40 Td (products ) Tj ET Q q 0 0 0 rg BT 454.61 485.40 Td (through ) Tj ET Q q 0 0 0 rg BT 487.18 485.40 Td (product ) Tj ET Q q 0 0 0 rg BT 519.19 485.40 Td (integration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.40 Td (and ) Tj ET Q q 0 0 0 rg BT 66.04 473.40 Td (introduce ) Tj ET Q q 0 0 0 rg BT 105.91 473.40 Td (new ) Tj ET Q q 0 0 0 rg BT 124.67 473.40 Td (products ) Tj ET Q q 0 0 0 rg BT 161.21 473.40 Td (related ) Tj ET Q q 0 0 0 rg BT 190.51 473.40 Td (to ) Tj ET Q q 0 0 0 rg BT 200.39 473.40 Td (training, ) Tj ET Q q 0 0 0 rg BT 236.10 473.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 284.29 473.40 Td (management ) Tj ET Q q 0 0 0 rg BT 337.48 473.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 371.25 473.40 Td (and ) Tj ET Q q 0 0 0 rg BT 387.79 473.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 407.11 473.40 Td (product ) Tj ET Q q 0 0 0 rg BT 439.76 473.40 Td (eligibility) Tj ET Q q 0 0 0 rg BT 478.00 473.40 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 473.40 Td ( ) Tj ET Q q 0 0 0 rg BT 482.60 473.40 Td (In ) Tj ET Q q 0 0 0 rg BT 493.03 473.40 Td (January ) Tj ET Q q 0 0 0 rg BT 526.23 473.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 550.84 473.40 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 85.69 461.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 138.01 461.40 Td (all ) Tj ET Q q 0 0 0 rg BT 149.77 461.40 Td (the ) Tj ET Q q 0 0 0 rg BT 163.75 461.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.85 461.40 Td (of ) Tj ET Q q 0 0 0 rg BT 198.56 461.40 Td (ARG ) Tj ET Q q 0 0 0 rg BT 221.44 461.40 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 268.45 461.40 Td (LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.34 461.40 Td ( ) Tj ET Q q 0 0 0 rg BT 289.11 461.40 Td (\(dba ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.64 461.40 Td (MortgageCEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.52 461.40 Td (\), ) Tj ET Q q 0 0 0 rg BT 375.11 461.40 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.21 461.40 Td (MortgageCEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.09 461.40 Td (, ) Tj ET Q q 0 0 0 rg BT 448.35 461.40 Td (a ) Tj ET Q q 0 0 0 rg BT 454.56 461.40 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 476.33 461.40 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.75 461.40 Td (specializing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.91 449.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 97.20 449.40 Td (relationship ) Tj ET Q q 0 0 0 rg BT 146.04 449.40 Td (management ) Tj ET Q q 0 0 0 rg BT 198.76 449.40 Td (and ) Tj ET Q q 0 0 0 rg BT 214.83 449.40 Td (marketing ) Tj ET Q q 0 0 0 rg BT 257.00 449.40 Td (solutions ) Tj ET Q q 0 0 0 rg BT 294.75 449.40 Td (for ) Tj ET Q q 0 0 0 rg BT 308.04 449.40 Td (the ) Tj ET Q q 0 0 0 rg BT 321.89 449.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 365.17 449.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 404.56 449.40 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.69 449.40 Td (. ) Tj ET Q q 0 0 0 rg BT 440.71 449.40 Td (W) Tj ET Q q 0 0 0 rg BT 449.34 449.40 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.41 449.40 Td (intend ) Tj ET Q q 0 0 0 rg BT 482.04 449.40 Td (to ) Tj ET Q q 0 0 0 rg BT 491.45 449.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 527.51 449.40 Td (pursuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 437.40 Td (strategic ) Tj ET Q q 0 0 0 rg BT 128.36 437.40 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.14 437.40 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 411.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 95.89 411.10 Td (Metrics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 391.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 391.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.20 391.10 Td (use ) Tj ET Q q 0 0 0 rg BT 107.16 391.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.99 391.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 186.60 391.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 219.66 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.06 391.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 268.00 391.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.96 391.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 324.98 391.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 368.58 391.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 411.64 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.60 391.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.55 391.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 481.94 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.00 391.10 Td (make ) Tj ET Q q 0 0 0 rg BT 525.29 391.10 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 91.13 379.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 132.20 379.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 163.20 379.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.02 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.09 379.10 Td (W) Tj ET Q q 0 0 0 rg BT 180.73 379.10 Td (e ) Tj ET Q q 0 0 0 rg BT 188.48 379.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 213.46 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.77 379.10 Td (these ) Tj ET Q q 0 0 0 rg BT 250.63 379.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 283.38 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.48 379.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 337.77 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.41 379.10 Td (success ) Tj ET Q q 0 0 0 rg BT 387.72 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.81 379.10 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 444.33 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.97 379.10 Td (user ) Tj ET Q q 0 0 0 rg BT 480.95 379.10 Td (base ) Tj ET Q q 0 0 0 rg BT 502.03 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.12 379.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 549.19 379.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.75 367.10 Td (gauge ) Tj ET Q q 0 0 0 rg BT 141.13 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.85 367.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 184.99 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.82 367.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.65 367.10 Td (market ) Tj ET Q q 0 0 0 rg BT 241.92 367.10 Td (penetration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 347.10 Td (These ) Tj ET Q q 0 0 0 rg BT 99.88 347.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 131.81 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.52 347.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 179.00 347.10 Td (below) Tj ET Q q 0 0 0 rg BT 202.79 347.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 327.10 Td (Contracted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 327.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 121.10 327.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.62 327.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.27 327.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.37 327.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 207.85 327.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 245.99 327.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.80 327.10 Td (those ) Tj ET Q q 0 0 0 rg BT 284.52 327.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 322.66 327.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.26 327.10 Td (are ) Tj ET Q q 0 0 0 rg BT 355.07 327.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 378.22 327.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.83 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.65 327.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 430.47 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.41 327.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.45 327.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 483.26 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.30 327.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.11 327.10 Td (not ) Tj ET Q q 0 0 0 rg BT 530.49 327.10 Td (af) Tj ET Q q 0 0 0 rg BT 538.08 327.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.69 315.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 111.08 315.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.05 315.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 161.00 315.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 207.07 315.10 Td (volume.) Tj ET Q q 0 0 0 rg BT 241.88 315.10 Td (These ) Tj ET Q q 0 0 0 rg BT 267.95 315.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 305.67 315.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 335.63 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.15 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.55 315.10 Td (base ) Tj ET Q q 0 0 0 rg BT 380.51 315.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 394.90 315.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 425.98 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.49 315.10 Td (success-based ) Tj ET Q q 0 0 0 rg BT 494.77 315.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.96 315.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 89.11 303.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 124.03 303.10 Td (per) Tj ET Q q 0 0 0 rg BT 136.59 303.10 Td (-user ) Tj ET Q q 0 0 0 rg BT 158.16 303.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 208.63 303.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 230.20 303.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 277.33 303.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 316.94 303.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 367.40 303.10 Td (services ) Tj ET Q q 0 0 0 rg BT 401.18 303.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 440.79 303.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 487.36 303.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 526.97 303.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 291.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 93.38 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.66 291.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 138.93 291.10 Td (services ) Tj ET Q q 0 0 0 rg BT 173.64 291.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.58 291.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 241.97 291.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 280.00 291.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 299.72 291.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.88 291.10 Td (products ) Tj ET Q q 0 0 0 rg BT 350.82 291.10 Td (other ) Tj ET Q q 0 0 0 rg BT 373.87 291.10 Td (than ) Tj ET Q q 0 0 0 rg BT 393.58 291.10 Td (Encompass.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 271.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 96.66 271.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 145.37 271.10 Td (r) Tj ET Q q 0 0 0 rg BT 148.89 271.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.54 271.10 Td (. ) Tj ET Q q 0 0 0 rg BT 186.20 271.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 209.35 271.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 258.06 271.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 296.76 271.10 Td (are ) Tj ET Q q 0 0 0 rg BT 312.12 271.10 Td (those ) Tj ET Q q 0 0 0 rg BT 336.39 271.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 375.09 271.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 404.89 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 427.49 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.87 271.10 Td (customer) Tj ET Q q 0 0 0 rg BT 479.89 271.10 Td () Tj ET Q q 0 0 0 rg BT 482.67 271.10 Td (s ) Tj ET Q q 0 0 0 rg BT 489.72 271.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 515.65 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.14 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 271.10 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (version ) Tj ET Q q 0 0 0 rg BT 80.34 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.07 259.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 139.42 259.10 Td (These ) Tj ET Q q 0 0 0 rg BT 164.70 259.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 201.64 259.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 230.81 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.55 259.10 Td (success-based ) Tj ET Q q 0 0 0 rg BT 298.04 259.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 319.44 259.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 366.39 259.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 403.32 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.16 259.10 Td (subscription-based ) Tj ET Q q 0 0 0 rg BT 495.55 259.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.95 259.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 227.10 Td (Active ) Tj ET Q q 0 0 0 rg BT 100.54 227.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 148.16 227.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.77 227.10 Td () Tj ET Q q 0 0 0 rg BT 173.72 227.10 Td (An ) Tj ET Q q 0 0 0 rg BT 188.00 227.10 Td (active ) Tj ET Q q 0 0 0 rg BT 213.94 227.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 261.55 227.10 Td (user ) Tj ET Q q 0 0 0 rg BT 280.27 227.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.01 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.51 227.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 335.33 227.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 381.28 227.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 432.22 227.10 Td (who ) Tj ET Q q 0 0 0 rg BT 451.50 227.10 Td (has ) Tj ET Q q 0 0 0 rg BT 466.90 227.10 Td (used ) Tj ET Q q 0 0 0 rg BT 487.29 227.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 534.90 227.10 Td (at ) Tj ET Q q 0 0 0 rg BT 544.18 227.10 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (once ) Tj ET Q q 0 0 0 rg BT 70.60 215.10 Td (within ) Tj ET Q q 0 0 0 rg BT 98.38 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.04 215.10 Td (90-day ) Tj ET Q q 0 0 0 rg BT 135.04 215.10 Td (period ) Tj ET Q q 0 0 0 rg BT 162.81 215.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 204.46 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.90 215.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 274.43 215.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 295.32 215.10 Td (An ) Tj ET Q q 0 0 0 rg BT 309.77 215.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 357.54 215.10 Td (user ) Tj ET Q q 0 0 0 rg BT 376.42 215.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.32 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.98 215.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 431.97 215.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 478.07 215.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 529.17 215.10 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.80 203.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.32 203.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.95 203.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 161.80 203.10 Td (lender) Tj ET Q q 0 0 0 rg BT 186.38 203.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.96 203.10 Td (such ) Tj ET Q q 0 0 0 rg BT 213.38 203.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.79 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.31 203.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 273.16 203.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 298.18 203.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 348.46 203.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 373.48 203.10 Td (thrift ) Tj ET Q q 0 0 0 rg BT 396.56 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.97 203.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 433.81 203.10 Td (union, ) Tj ET Q q 0 0 0 rg BT 462.17 203.10 Td (which ) Tj ET Q q 0 0 0 rg BT 489.70 203.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 522.77 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.29 203.10 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 73.55 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.92 191.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 131.06 191.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 151.78 191.10 Td (these ) Tj ET Q q 0 0 0 rg BT 175.26 191.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 205.96 191.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 230.01 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.73 191.10 Td (investors; ) Tj ET Q q 0 0 0 rg BT 282.55 191.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.82 191.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.19 191.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 341.89 191.10 Td (brokerage, ) Tj ET Q q 0 0 0 rg BT 387.31 191.10 Td (which ) Tj ET Q q 0 0 0 rg BT 414.68 191.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 452.61 191.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 493.87 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.24 191.10 Td (submits ) Tj ET Q q 0 0 0 rg BT 545.30 191.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (files ) Tj ET Q q 0 0 0 rg BT 69.22 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.50 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.43 179.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 126.70 179.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 154.18 179.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.01 179.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 189.17 179.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 216.65 179.10 Td (that ) Tj ET Q q 0 0 0 rg BT 234.15 179.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 258.87 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.59 179.10 Td (loan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 159.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 119.79 159.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 141.09 159.10 Td (users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.21 159.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.72 159.10 Td (A) Tj ET Q q 0 0 0 rg BT 172.39 159.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.69 159.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 216.63 159.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 237.93 159.10 Td (user) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.59 159.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.88 159.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.85 159.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.59 159.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 308.65 159.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 353.83 159.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 404.01 159.10 Td (who ) Tj ET Q q 0 0 0 rg BT 422.53 159.10 Td (has ) Tj ET Q q 0 0 0 rg BT 437.16 159.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.90 159.10 Td (license ) Tj ET Q q 0 0 0 rg BT 471.96 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.04 159.10 Td (use ) Tj ET Q q 0 0 0 rg BT 495.66 159.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.96 159.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 147.10 Td (has ) Tj ET Q q 0 0 0 rg BT 82.27 147.10 Td (an ) Tj ET Q q 0 0 0 rg BT 94.21 147.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 137.26 147.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.54 147.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 164.48 147.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.64 147.10 Td (this ) Tj ET Q q 0 0 0 rg BT 195.58 147.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 228.35 147.10 Td (but ) Tj ET Q q 0 0 0 rg BT 243.63 147.10 Td (who ) Tj ET Q q 0 0 0 rg BT 263.35 147.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.52 147.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.80 147.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 334.72 147.10 Td (an ) Tj ET Q q 0 0 0 rg BT 346.66 147.10 Td (active ) Tj ET Q q 0 0 0 rg BT 373.03 147.10 Td (user) Tj ET Q q 0 0 0 rg BT 389.14 147.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 126.10 Td (Active ) Tj ET Q q 0 0 0 rg BT 101.20 126.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 123.92 126.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 172.20 126.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.31 126.10 Td (An ) Tj ET Q q 0 0 0 rg BT 213.26 126.10 Td (active ) Tj ET Q q 0 0 0 rg BT 239.85 126.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 262.57 126.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 310.84 126.10 Td (user ) Tj ET Q q 0 0 0 rg BT 330.22 126.10 Td (is ) Tj ET Q q 0 0 0 rg BT 339.62 126.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.78 126.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 387.26 126.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 433.87 126.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 485.47 126.10 Td (who ) Tj ET Q q 0 0 0 rg BT 505.41 126.10 Td (has ) Tj ET Q q 0 0 0 rg BT 521.46 126.10 Td (used ) Tj ET Q q 0 0 0 rg BT 542.51 126.10 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 114.10 Td (at ) Tj ET Q q 0 0 0 rg BT 107.26 114.10 Td (least ) Tj ET Q q 0 0 0 rg BT 128.09 114.10 Td (once ) Tj ET Q q 0 0 0 rg BT 149.47 114.10 Td (within ) Tj ET Q q 0 0 0 rg BT 177.52 114.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.46 114.10 Td (90-day ) Tj ET Q q 0 0 0 rg BT 214.73 114.10 Td (period ) Tj ET Q q 0 0 0 rg BT 242.78 114.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 284.70 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.42 114.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 355.23 114.10 Td (date.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 93.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.06 93.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 108.92 93.10 Td (active ) Tj ET Q q 0 0 0 rg BT 135.44 93.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 183.64 93.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.25 93.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.32 93.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.80 93.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 245.10 93.10 Td (active ) Tj ET Q q 0 0 0 rg BT 271.62 93.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 319.82 93.10 Td (users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.37 93.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.02 93.10 Td (during ) Tj ET Q q 0 0 0 rg BT 371.78 93.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.87 93.10 Td (period ) Tj ET Q q 0 0 0 rg BT 407.07 93.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.39 93.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 459.57 93.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.22 93.10 Td (averaging ) Tj ET Q q 0 0 0 rg BT 514.30 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.17 93.10 Td (monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.10 Td (active ) Tj ET Q q 0 0 0 rg BT 75.87 81.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 123.92 81.10 Td (users ) Tj ET Q q 0 0 0 rg BT 146.97 81.10 Td (during ) Tj ET Q q 0 0 0 rg BT 175.58 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.52 81.10 Td (period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 60.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.06 60.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 108.36 60.10 Td (active ) Tj ET Q q 0 0 0 rg BT 134.33 60.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 156.42 60.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 204.07 60.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.69 60.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.32 60.10 Td (A) Tj ET Q q 0 0 0 rg BT 235.80 60.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 264.54 60.10 Td (active ) Tj ET Q q 0 0 0 rg BT 290.51 60.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 312.60 60.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 360.25 60.10 Td (users ) Tj ET Q q 0 0 0 rg BT 382.90 60.10 Td (during ) Tj ET Q q 0 0 0 rg BT 411.10 60.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.63 60.10 Td (period ) Tj ET Q q 0 0 0 rg BT 445.28 60.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.04 60.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 496.67 60.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.76 60.10 Td (averaging ) Tj ET Q q 0 0 0 rg BT 550.28 60.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 48.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 85.33 48.10 Td (active ) Tj ET Q q 0 0 0 rg BT 111.71 48.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 134.21 48.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 182.25 48.10 Td (users ) Tj ET Q q 0 0 0 rg BT 205.31 48.10 Td (during ) Tj ET Q q 0 0 0 rg BT 233.91 48.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.85 48.10 Td (period.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.36 740.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 110.32 740.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.60 740.10 Td (average ) Tj ET Q q 0 0 0 rg BT 161.76 740.10 Td (active ) Tj ET Q q 0 0 0 rg BT 188.58 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 237.09 740.10 Td (user) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.31 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 259.76 740.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 297.70 740.10 Td (per ) Tj ET Q q 0 0 0 rg BT 313.42 740.10 Td (average ) Tj ET Q q 0 0 0 rg BT 347.46 740.10 Td (active ) Tj ET Q q 0 0 0 rg BT 374.29 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 422.79 740.10 Td (user ) Tj ET Q q 0 0 0 rg BT 442.40 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.02 740.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 495.50 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.46 740.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 544.74 740.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.04 728.10 Td (average ) Tj ET Q q 0 0 0 rg BT 133.62 728.10 Td (active ) Tj ET Q q 0 0 0 rg BT 159.99 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 208.04 728.10 Td (users ) Tj ET Q q 0 0 0 rg BT 231.09 728.10 Td (during ) Tj ET Q q 0 0 0 rg BT 259.70 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.64 728.10 Td (period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 707.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 97.01 707.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 146.06 707.10 Td (r) Tj ET Q q 0 0 0 rg BT 149.58 707.10 Td (evenue ) Tj ET Q q 0 0 0 rg BT 180.84 707.10 Td (per ) Tj ET Q q 0 0 0 rg BT 197.68 707.10 Td (average ) Tj ET Q q 0 0 0 rg BT 233.39 707.10 Td (active ) Tj ET Q q 0 0 0 rg BT 260.77 707.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 284.28 707.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 333.33 707.10 Td (user) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.56 707.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.56 707.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 380.07 707.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 429.12 707.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 464.27 707.10 Td (per ) Tj ET Q q 0 0 0 rg BT 480.55 707.10 Td (average ) Tj ET Q q 0 0 0 rg BT 515.14 707.10 Td (active ) Tj ET Q q 0 0 0 rg BT 542.51 707.10 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.11 695.10 Td (user ) Tj ET Q q 0 0 0 rg BT 117.83 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.56 695.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 171.15 695.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.21 695.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 220.60 695.10 Td (total ) Tj ET Q q 0 0 0 rg BT 241.44 695.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 264.50 695.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.10 695.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 351.70 695.10 Td (by ) Tj ET Q q 0 0 0 rg BT 364.76 695.10 Td (average ) Tj ET Q q 0 0 0 rg BT 398.91 695.10 Td (active ) Tj ET Q q 0 0 0 rg BT 425.84 695.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 448.90 695.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 497.51 695.10 Td (users ) Tj ET Q q 0 0 0 rg BT 521.12 695.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 695.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 662.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 662.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 662.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 662.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 182.37 662.10 Td (these ) Tj ET Q q 0 0 0 rg BT 205.42 662.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.68 662.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 277.62 662.10 Td (as ) Tj ET Q q 0 0 0 rg BT 288.45 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.28 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.21 662.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.38 662.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.09 662.10 Td (years ) Tj ET Q q 0 0 0 rg BT 368.69 662.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 395.07 662.10 Td (December ) Tj ET Q q 0 0 0 rg BT 438.65 662.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 453.65 662.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 478.65 662.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 501.15 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.09 662.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.09 662.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 625.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 625.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 625.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 596.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 596.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 596.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 566.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 566.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 566.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 566.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 566.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 566.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 537.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 537.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 537.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 537.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 507.60 346.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 507.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 507.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 507.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 507.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 507.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 457.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 457.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 457.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 457.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 428.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 428.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 428.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 428.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 388.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 388.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 388.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 388.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 359.60 346.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 359.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 359.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 359.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 359.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 359.60 53.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 638.6 m 449 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 638.6 m 453 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 638.6 m 506 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 638.6 m 510 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 638.6 m 563 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 625.6 m 449 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 625.6 m 506 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 625.6 m 563 625.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 642.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 642.83 Td (Year ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 629.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 629.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 629.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 629.83 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 616.28 Td (Revenues \(in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 601.27 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 601.27 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 601.27 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 601.27 Td (101,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 586.27 Td (Total contracted revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 586.27 Td (102,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 586.27 Td (71,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 586.27 Td (48,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 571.27 Td (Total SaaS Encompass revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 571.27 Td (98,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 571.27 Td (75,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 571.27 Td (47,940) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 557.28 Td (Users at end of period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 542.27 Td (Contracted SaaS users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 542.27 Td (126,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 542.27 Td (95,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 542.27 Td (60,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 527.27 Td (Active Encompass users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 527.27 Td (108,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 527.27 Td (92,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 527.27 Td (73,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 512.27 Td (Active SaaS Encompass users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 512.27 Td (84,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 512.27 Td (63,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 512.27 Td (41,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 487.27 Td (Active SaaS Encompass users as a percentage of active Encompass users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 487.27 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 487.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 487.27 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 487.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 487.27 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 487.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 472.27 Td (Active SaaS Encompass users as a percentage of contracted SaaS Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 462.27 Td (users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 462.27 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 462.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 462.27 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 462.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 462.27 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 462.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 448.28 Td (Average users during period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 433.27 Td (Active Encompass users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 433.27 Td (100,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 433.27 Td (87,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 433.27 Td (63,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 418.27 Td (Active SaaS Encompass users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 418.27 Td (74,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 418.27 Td (55,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 418.27 Td (33,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 393.27 Td (Active SaaS Encompass users as a percentage of active Encompass users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 393.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 393.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 393.27 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 393.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 393.27 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 393.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 379.28 Td (Revenue per average user during period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 364.27 Td (Revenue per average active Encompass user) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 364.27 Td (1,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 364.27 Td (1,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 364.27 Td (1,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 339.27 Td (SaaS Encompass revenue per average active SaaS Encompass user) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 339.27 Td (1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 339.27 Td (1,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 339.27 Td (1,444) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 323.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.68 323.10 Td (February ) Tj ET Q q 0 0 0 rg BT 121.63 323.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 145.98 323.10 Td (we ) Tj ET Q q 0 0 0 rg BT 159.50 323.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 204.66 323.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.51 323.10 Td (ef) Tj ET Q q 0 0 0 rg BT 229.10 323.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 258.15 323.10 Td (May ) Tj ET Q q 0 0 0 rg BT 278.34 323.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 287.69 323.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 312.04 323.10 Td (we ) Tj ET Q q 0 0 0 rg BT 325.55 323.10 Td (will ) Tj ET Q q 0 0 0 rg BT 342.96 323.10 Td (no ) Tj ET Q q 0 0 0 rg BT 354.81 323.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 382.21 323.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 414.61 323.10 Td (software ) Tj ET Q q 0 0 0 rg BT 450.89 323.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 484.39 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 494.57 323.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 532.51 323.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.63 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.32 311.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 125.77 311.10 Td (version ) Tj ET Q q 0 0 0 rg BT 157.68 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.48 311.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.03 311.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.00 311.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 244.25 311.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 291.71 311.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 339.72 311.10 Td (users ) Tj ET Q q 0 0 0 rg BT 362.75 311.10 Td (may ) Tj ET Q q 0 0 0 rg BT 382.43 311.10 Td (not ) Tj ET Q q 0 0 0 rg BT 397.68 311.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 430.14 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.39 311.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 462.86 311.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 513.38 311.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 311.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 299.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.29 299.10 Td (number ) Tj ET Q q 0 0 0 rg BT 122.34 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.17 299.10 Td (active ) Tj ET Q q 0 0 0 rg BT 159.54 299.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 207.59 299.10 Td (users ) Tj ET Q q 0 0 0 rg BT 230.64 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.92 299.10 Td (future ) Tj ET Q q 0 0 0 rg BT 267.29 299.10 Td (periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.80 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.23 272.80 Td (of ) Tj ET Q q 0 0 0 rg BT 85.06 272.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.43 272.80 Td (esentation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 246.50 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 229.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.44 229.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.37 229.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.74 229.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.34 229.50 Td (include ) Tj ET Q q 0 0 0 rg BT 253.17 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 266.77 229.50 Td (accounts ) Tj ET Q q 0 0 0 rg BT 303.15 229.50 Td (of ) Tj ET Q q 0 0 0 rg BT 312.87 229.50 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 333.14 229.50 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 354.79 229.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 371.45 229.50 Td (and ) Tj ET Q q 0 0 0 rg BT 387.28 229.50 Td (its ) Tj ET Q q 0 0 0 rg BT 398.12 229.50 Td (wholly ) Tj ET Q q 0 0 0 rg BT 427.28 229.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 455.33 229.50 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 506.13 229.50 Td (All ) Tj ET Q q 0 0 0 rg BT 520.30 229.50 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.50 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 106.98 217.50 Td (accounts ) Tj ET Q q 0 0 0 rg BT 144.47 217.50 Td (and ) Tj ET Q q 0 0 0 rg BT 161.40 217.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 211.67 217.50 Td (have ) Tj ET Q q 0 0 0 rg BT 233.04 217.50 Td (been ) Tj ET Q q 0 0 0 rg BT 254.42 217.50 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 299.13 217.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 321.63 217.50 Td (consolidation.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.38 174.20 Td ( ) Tj ET Q q 0 0 0 rg BT 482.59 174.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 500.35 174.20 Td (software ) Tj ET Q q 0 0 0 rg BT 536.99 174.20 Td (can ) Tj ET Q q 0 0 0 rg BT 553.07 174.20 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.20 Td (accessed ) Tj ET Q q 0 0 0 rg BT 86.77 162.20 Td (either ) Tj ET Q q 0 0 0 rg BT 111.83 162.20 Td (through ) Tj ET Q q 0 0 0 rg BT 145.24 162.20 Td (a ) Tj ET Q q 0 0 0 rg BT 151.98 162.20 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 220.37 162.20 Td (subscription ) Tj ET Q q 0 0 0 rg BT 271.55 162.20 Td (or ) Tj ET Q q 0 0 0 rg BT 282.18 162.20 Td (a ) Tj ET Q q 0 0 0 rg BT 288.91 162.20 Td (customer) Tj ET Q q 0 0 0 rg BT 325.37 162.20 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 357.10 162.20 Td (license. ) Tj ET Q q 0 0 0 rg BT 389.67 162.20 Td ( ) Tj ET Q q 0 0 0 rg BT 391.46 162.20 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 440.79 162.20 Td (, ) Tj ET Q q 0 0 0 rg BT 445.59 162.20 Td (our ) Tj ET Q q 0 0 0 rg BT 461.22 162.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 499.05 162.20 Td (are ) Tj ET Q q 0 0 0 rg BT 513.56 162.20 Td (described ) Tj ET Q q 0 0 0 rg BT 554.17 162.20 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.20 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 96.99 150.20 Td (and ) Tj ET Q q 0 0 0 rg BT 113.92 150.20 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 161.41 150.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 201.95 150.20 Td (Sales ) Tj ET Q q 0 0 0 rg BT 225.55 150.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 248.60 150.20 Td (assessed ) Tj ET Q q 0 0 0 rg BT 284.98 150.20 Td (by ) Tj ET Q q 0 0 0 rg BT 297.48 150.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 354.96 150.20 Td (authorities ) Tj ET Q q 0 0 0 rg BT 399.68 150.20 Td (are ) Tj ET Q q 0 0 0 rg BT 414.38 150.20 Td (excluded ) Tj ET Q q 0 0 0 rg BT 452.98 150.20 Td (from ) Tj ET Q q 0 0 0 rg BT 474.92 150.20 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 133.20 Td (In the notes to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.65 133.20 Td (consolidated financial statements on our ) Tj ET Q q 0 0 0 rg BT 310.66 133.20 Td (Annual Reports on Form 10-K for the years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.28 133.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.20 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 121.20 Td ( and 2012, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.68 121.20 Td (included all revenues from professional services in on-premise revenues in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.75 121.20 Td ( our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.08 121.20 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.20 Td (related to revenues by type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.23 109.20 Td (. For the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.43 109.20 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.01 109.20 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.17 109.20 Td (included professional services revenues in either on-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.20 Td (demand revenues or on-premise revenues as determined by the related service or software license revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.76 97.20 Td (. ) Tj ET Q q 0 0 0 rg BT 478.58 97.20 Td (W) Tj ET Q q 0 0 0 rg BT 487.21 97.20 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.20 Td (retrospectively reclassified our disclosure of on-demand and on-premise revenues for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.48 85.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.98 85.20 Td (years ended December 31, 2013 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.20 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 73.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 73.20 Td (in order to conform to the current presentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 73.20 Td (. ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (34) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 738.68505859375 m 152.330078125 738.68505859375 l s q 0 0 0 rg BT 61.50 740.25 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 112.89 740.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 723.25 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 123.60 723.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.03 723.25 Td (are ) Tj ET Q q 0 0 0 rg BT 177.13 723.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 215.57 723.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 257.32 723.25 Td (from ) Tj ET Q q 0 0 0 rg BT 279.66 723.25 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 348.64 723.25 Td (software ) Tj ET Q q 0 0 0 rg BT 385.97 723.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 441.64 723.25 Td (that ) Tj ET Q q 0 0 0 rg BT 459.53 723.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 502.97 723.25 Td (access ) Tj ET Q q 0 0 0 rg BT 531.40 723.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.10 711.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 97.57 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.39 711.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 152.30 711.25 Td (from ) Tj ET Q q 0 0 0 rg BT 174.12 711.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 217.05 711.25 Td (that ) Tj ET Q q 0 0 0 rg BT 234.42 711.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 251.24 711.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 269.72 711.25 Td (based ) Tj ET Q q 0 0 0 rg BT 294.87 711.25 Td (on ) Tj ET Q q 0 0 0 rg BT 307.25 711.25 Td (a ) Tj ET Q q 0 0 0 rg BT 314.06 711.25 Td (per ) Tj ET Q q 0 0 0 rg BT 329.21 711.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 357.14 711.25 Td (loan, ) Tj ET Q q 0 0 0 rg BT 379.23 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 389.94 711.25 Td (success, ) Tj ET Q q 0 0 0 rg BT 424.81 711.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 447.19 711.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 477.90 711.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.05 711.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 523.77 711.25 Td (base ) Tj ET Q q 0 0 0 rg BT 543.92 711.25 Td (fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.94 699.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.86 699.25 Td (we ) Tj ET Q q 0 0 0 rg BT 95.43 699.25 Td (refer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.22 699.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.92 699.25 Td (as ) Tj ET Q q 0 0 0 rg BT 145.16 699.25 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 209.51 699.25 Td (Pricing. ) Tj ET Q q 0 0 0 rg BT 244.73 699.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 294.63 699.25 Td (, ) Tj ET Q q 0 0 0 rg BT 302.05 699.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 351.95 699.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 392.41 699.25 Td (are ) Tj ET Q q 0 0 0 rg BT 409.53 699.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 456.11 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.35 699.25 Td (software ) Tj ET Q q 0 0 0 rg BT 508.70 699.25 Td (services ) Tj ET Q q 0 0 0 rg BT 545.83 699.25 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (transactionally; ) Tj ET Q q 0 0 0 rg BT 113.13 687.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 134.00 687.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 153.76 687.25 Td (Network ) Tj ET Q q 0 0 0 rg BT 190.74 687.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 236.59 687.25 Td (fees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.47 687.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.46 687.25 Td (education ) Tj ET Q q 0 0 0 rg BT 298.32 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.74 687.25 Td (training, ) Tj ET Q q 0 0 0 rg BT 350.33 687.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 369.54 687.25 Td (product ) Tj ET Q q 0 0 0 rg BT 402.07 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.50 687.25 Td (guideline ) Tj ET Q q 0 0 0 rg BT 457.70 687.25 Td (data ) Tj ET Q q 0 0 0 rg BT 476.34 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.77 687.25 Td (analytics ) Tj ET Q q 0 0 0 rg BT 530.30 687.25 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.77 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.93 675.25 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 124.21 675.25 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.98 675.25 Td (; ) Tj ET Q q 0 0 0 rg BT 152.26 675.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.20 675.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 220.57 675.25 Td (services ) Tj ET Q q 0 0 0 rg BT 255.28 675.25 Td (which ) Tj ET Q q 0 0 0 rg BT 282.22 675.25 Td (include ) Tj ET Q q 0 0 0 rg BT 314.15 675.25 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 360.82 675.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 426.08 675.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.02 675.25 Td (training ) Tj ET Q q 0 0 0 rg BT 476.62 675.25 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 647.38505859375 m 151.7685546875 647.38505859375 l s q 0 0 0 rg BT 61.50 648.95 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 112.33 648.95 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 631.95 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 123.65 631.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.14 631.95 Td (are ) Tj ET Q q 0 0 0 rg BT 177.29 631.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 215.77 631.95 Td (generated ) Tj ET Q q 0 0 0 rg BT 257.58 631.95 Td (from ) Tj ET Q q 0 0 0 rg BT 279.96 631.95 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 333.44 631.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 371.09 631.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 393.47 631.95 Td (of ) Tj ET Q q 0 0 0 rg BT 404.75 631.95 Td (customer) Tj ET Q q 0 0 0 rg BT 441.21 631.95 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 473.59 631.95 Td (software ) Tj ET Q q 0 0 0 rg BT 510.96 631.95 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 548.06 631.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 619.95 Td (professional ) Tj ET Q q 0 0 0 rg BT 100.88 619.95 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 593.65 Td (Cost ) Tj ET Q q 0 0 0 rg BT 72.34 593.65 Td (of ) Tj ET Q q 0 0 0 rg BT 83.17 593.65 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 125.11 593.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.17 593.65 Td (Operating ) Tj ET Q q 0 0 0 rg BT 187.34 593.65 Td (Expenses) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 565.78505859375 m 132.6083984375 565.78505859375 l s q 0 0 0 rg BT 61.50 567.35 Td (Cost ) Tj ET Q q 0 0 0 rg BT 82.34 567.35 Td (of ) Tj ET Q q 0 0 0 rg BT 93.17 567.35 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 550.35 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.16 550.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 109.38 550.35 Td (of ) Tj ET Q q 0 0 0 rg BT 119.82 550.35 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.36 550.35 Td ( ) Tj ET Q q 0 0 0 rg BT 157.46 550.35 Td (consists ) Tj ET Q q 0 0 0 rg BT 191.24 550.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 230.57 550.35 Td (of: ) Tj ET Q q 0 0 0 rg BT 243.78 550.35 Td (salaries ) Tj ET Q q 0 0 0 rg BT 275.88 550.35 Td (and ) Tj ET Q q 0 0 0 rg BT 292.43 550.35 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 328.69 550.35 Td (including ) Tj ET Q q 0 0 0 rg BT 368.57 550.35 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 417.89 550.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 475.54 550.35 Td (expense; ) Tj ET Q q 0 0 0 rg BT 512.64 550.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 550.84 550.35 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.35 Td (document ) Tj ET Q q 0 0 0 rg BT 92.02 538.35 Td (preparation, ) Tj ET Q q 0 0 0 rg BT 143.14 538.35 Td (income ) Tj ET Q q 0 0 0 rg BT 175.66 538.35 Td (verification ) Tj ET Q q 0 0 0 rg BT 224.84 538.35 Td (and ) Tj ET Q q 0 0 0 rg BT 242.36 538.35 Td (compliance ) Tj ET Q q 0 0 0 rg BT 291.54 538.35 Td (services; ) Tj ET Q q 0 0 0 rg BT 329.61 538.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 369.36 538.35 Td (support; ) Tj ET Q q 0 0 0 rg BT 405.22 538.35 Td (data ) Tj ET Q q 0 0 0 rg BT 424.96 538.35 Td (centers; ) Tj ET Q q 0 0 0 rg BT 459.15 538.35 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 511.65 538.35 Td (on ) Tj ET Q q 0 0 0 rg BT 524.74 538.35 Td (computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.35 Td (equipment ) Tj ET Q q 0 0 0 rg BT 94.76 526.35 Td (used ) Tj ET Q q 0 0 0 rg BT 116.13 526.35 Td (in ) Tj ET Q q 0 0 0 rg BT 126.95 526.35 Td (supporting ) Tj ET Q q 0 0 0 rg BT 172.77 526.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.03 526.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 209.96 526.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 230.77 526.35 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.76 526.35 Td (, ) Tj ET Q q 0 0 0 rg BT 271.30 526.35 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 294.35 526.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 342.94 526.35 Td (and ) Tj ET Q q 0 0 0 rg BT 360.42 526.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 409.01 526.35 Td (CenterW) Tj ET Q q 0 0 0 rg BT 444.70 526.35 Td (ise ) Tj ET Q q 0 0 0 rg BT 458.85 526.35 Td (of) Tj ET Q q 0 0 0 rg BT 467.00 526.35 Td (ferings; ) Tj ET Q q 0 0 0 rg BT 500.59 526.35 Td (amortization ) Tj ET Q q 0 0 0 rg BT 554.18 526.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.35 Td (acquired ) Tj ET Q q 0 0 0 rg BT 87.37 514.35 Td (intangible ) Tj ET Q q 0 0 0 rg BT 130.80 514.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 157.57 514.35 Td (such ) Tj ET Q q 0 0 0 rg BT 179.34 514.35 Td (as ) Tj ET Q q 0 0 0 rg BT 191.11 514.35 Td (developed ) Tj ET Q q 0 0 0 rg BT 235.65 514.35 Td (technology ) Tj ET Q q 0 0 0 rg BT 283.52 514.35 Td (and ) Tj ET Q q 0 0 0 rg BT 301.40 514.35 Td (trade ) Tj ET Q q 0 0 0 rg BT 324.83 514.35 Td (names; ) Tj ET Q q 0 0 0 rg BT 356.59 514.35 Td (amortization ) Tj ET Q q 0 0 0 rg BT 410.57 514.35 Td (of ) Tj ET Q q 0 0 0 rg BT 422.34 514.35 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 472.99 514.35 Td (software; ) Tj ET Q q 0 0 0 rg BT 513.64 514.35 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.35 Td (services ) Tj ET Q q 0 0 0 rg BT 84.64 502.35 Td (associated ) Tj ET Q q 0 0 0 rg BT 128.67 502.35 Td (with ) Tj ET Q q 0 0 0 rg BT 149.38 502.35 Td (implementation ) Tj ET Q q 0 0 0 rg BT 215.08 502.35 Td (of ) Tj ET Q q 0 0 0 rg BT 226.34 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 242.60 502.35 Td (software ) Tj ET Q q 0 0 0 rg BT 279.97 502.35 Td (and ) Tj ET Q q 0 0 0 rg BT 297.34 502.35 Td (allocated ) Tj ET Q q 0 0 0 rg BT 336.36 502.35 Td (facilities ) Tj ET Q q 0 0 0 rg BT 373.72 502.35 Td (costs. ) Tj ET Q q 0 0 0 rg BT 398.94 502.35 Td (W) Tj ET Q q 0 0 0 rg BT 407.58 502.35 Td (e ) Tj ET Q q 0 0 0 rg BT 414.95 502.35 Td (expect ) Tj ET Q q 0 0 0 rg BT 443.98 502.35 Td (that ) Tj ET Q q 0 0 0 rg BT 461.91 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 478.17 502.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.22 502.35 Td (of ) Tj ET Q q 0 0 0 rg BT 508.48 502.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 546.95 502.35 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.35 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.50 490.35 Td (to ) Tj ET Q q 0 0 0 rg BT 96.84 490.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 132.16 490.35 Td (in ) Tj ET Q q 0 0 0 rg BT 142.50 490.35 Td (absolute ) Tj ET Q q 0 0 0 rg BT 178.39 490.35 Td (dollars ) Tj ET Q q 0 0 0 rg BT 208.18 490.35 Td (as ) Tj ET Q q 0 0 0 rg BT 219.07 490.35 Td (our ) Tj ET Q q 0 0 0 rg BT 234.97 490.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 273.07 490.35 Td (increase, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.89 490.35 Td (as ) Tj ET Q q 0 0 0 rg BT 321.78 490.35 Td (we ) Tj ET Q q 0 0 0 rg BT 336.01 490.35 Td (pursue ) Tj ET Q q 0 0 0 rg BT 365.23 490.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 407.79 490.35 Td (strategic ) Tj ET Q q 0 0 0 rg BT 444.22 490.35 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 490.35 Td (, ) Tj ET Q q 0 0 0 rg BT 497.06 490.35 Td (as ) Tj ET Q q 0 0 0 rg BT 507.96 490.35 Td (we ) Tj ET Q q 0 0 0 rg BT 522.18 490.35 Td (place ) Tj ET Q q 0 0 0 rg BT 545.84 490.35 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.35 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 99.73 478.35 Td (software ) Tj ET Q q 0 0 0 rg BT 137.19 478.35 Td (into ) Tj ET Q q 0 0 0 rg BT 155.77 478.35 Td (service ) Tj ET Q q 0 0 0 rg BT 187.12 478.35 Td (and ) Tj ET Q q 0 0 0 rg BT 204.59 478.35 Td (as ) Tj ET Q q 0 0 0 rg BT 215.94 478.35 Td (we ) Tj ET Q q 0 0 0 rg BT 230.63 478.35 Td (continue ) Tj ET Q q 0 0 0 rg BT 268.10 478.35 Td (to ) Tj ET Q q 0 0 0 rg BT 278.90 478.35 Td (hire ) Tj ET Q q 0 0 0 rg BT 297.48 478.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 340.50 478.35 Td (personnel ) Tj ET Q q 0 0 0 rg BT 382.40 478.35 Td (in ) Tj ET Q q 0 0 0 rg BT 393.21 478.35 Td (our ) Tj ET Q q 0 0 0 rg BT 409.57 478.35 Td (implementation ) Tj ET Q q 0 0 0 rg BT 475.36 478.35 Td (and ) Tj ET Q q 0 0 0 rg BT 492.83 478.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 532.51 478.35 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.35 Td (departments ) Tj ET Q q 0 0 0 rg BT 100.87 466.35 Td (to ) Tj ET Q q 0 0 0 rg BT 111.15 466.35 Td (support ) Tj ET Q q 0 0 0 rg BT 143.65 466.35 Td (new ) Tj ET Q q 0 0 0 rg BT 162.81 466.35 Td (customers.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 438.48505859375 m 147.0712890625 438.48505859375 l s q 0 0 0 rg BT 61.50 440.05 Td (Sales ) Tj ET Q q 0 0 0 rg BT 85.67 440.05 Td (and ) Tj ET Q q 0 0 0 rg BT 103.73 440.05 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 423.05 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.09 423.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 112.58 423.05 Td (and ) Tj ET Q q 0 0 0 rg BT 129.06 423.05 Td (marketing ) Tj ET Q q 0 0 0 rg BT 171.64 423.05 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.74 423.05 Td ( ) Tj ET Q q 0 0 0 rg BT 209.78 423.05 Td (consist ) Tj ET Q q 0 0 0 rg BT 239.60 423.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 278.86 423.05 Td (of: ) Tj ET Q q 0 0 0 rg BT 292.01 423.05 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 326.54 423.05 Td (benefits ) Tj ET Q q 0 0 0 rg BT 360.23 423.05 Td (and ) Tj ET Q q 0 0 0 rg BT 376.71 423.05 Td (incentive ) Tj ET Q q 0 0 0 rg BT 415.41 423.05 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 475.49 423.05 Td (including ) Tj ET Q q 0 0 0 rg BT 515.31 423.05 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 106.64 411.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 140.45 411.05 Td (and ) Tj ET Q q 0 0 0 rg BT 156.48 411.05 Td (commissions; ) Tj ET Q q 0 0 0 rg BT 213.08 411.05 Td (allocated ) Tj ET Q q 0 0 0 rg BT 250.77 411.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 286.80 411.05 Td (costs; ) Tj ET Q q 0 0 0 rg BT 311.18 411.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 348.87 411.05 Td (for ) Tj ET Q q 0 0 0 rg BT 362.13 411.05 Td (trade ) Tj ET Q q 0 0 0 rg BT 383.71 411.05 Td (shows, ) Tj ET Q q 0 0 0 rg BT 412.82 411.05 Td (public ) Tj ET Q q 0 0 0 rg BT 439.41 411.05 Td (relations ) Tj ET Q q 0 0 0 rg BT 475.44 411.05 Td (and ) Tj ET Q q 0 0 0 rg BT 491.48 411.05 Td (other ) Tj ET Q q 0 0 0 rg BT 513.62 411.05 Td (promotional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.57 399.05 Td (marketing ) Tj ET Q q 0 0 0 rg BT 109.74 399.05 Td (activities; ) Tj ET Q q 0 0 0 rg BT 151.25 399.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 189.97 399.05 Td (for ) Tj ET Q q 0 0 0 rg BT 204.26 399.05 Td (travel ) Tj ET Q q 0 0 0 rg BT 229.66 399.05 Td (and ) Tj ET Q q 0 0 0 rg BT 246.72 399.05 Td (entertainment; ) Tj ET Q q 0 0 0 rg BT 307.11 399.05 Td (and ) Tj ET Q q 0 0 0 rg BT 324.18 399.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 377.34 399.05 Td (of ) Tj ET Q q 0 0 0 rg BT 388.30 399.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 425.35 399.05 Td (intangible ) Tj ET Q q 0 0 0 rg BT 467.97 399.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 493.93 399.05 Td (such ) Tj ET Q q 0 0 0 rg BT 514.89 399.05 Td (as ) Tj ET Q q 0 0 0 rg BT 525.85 399.05 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.05 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 105.93 387.05 Td (W) Tj ET Q q 0 0 0 rg BT 114.56 387.05 Td (e ) Tj ET Q q 0 0 0 rg BT 122.04 387.05 Td (expect ) Tj ET Q q 0 0 0 rg BT 151.18 387.05 Td (that ) Tj ET Q q 0 0 0 rg BT 169.22 387.05 Td (our ) Tj ET Q q 0 0 0 rg BT 185.59 387.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 208.07 387.05 Td (and ) Tj ET Q q 0 0 0 rg BT 225.55 387.05 Td (marketing ) Tj ET Q q 0 0 0 rg BT 269.13 387.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 304.38 387.05 Td (will ) Tj ET Q q 0 0 0 rg BT 322.98 387.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 360.46 387.05 Td (to ) Tj ET Q q 0 0 0 rg BT 371.28 387.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 407.07 387.05 Td (as ) Tj ET Q q 0 0 0 rg BT 418.45 387.05 Td (we ) Tj ET Q q 0 0 0 rg BT 433.15 387.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 470.62 387.05 Td (to ) Tj ET Q q 0 0 0 rg BT 481.44 387.05 Td (hire ) Tj ET Q q 0 0 0 rg BT 500.03 387.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 543.06 387.05 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.05 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 375.05 Td (in ) Tj ET Q q 0 0 0 rg BT 100.41 375.05 Td (order ) Tj ET Q q 0 0 0 rg BT 123.63 375.05 Td (to ) Tj ET Q q 0 0 0 rg BT 133.54 375.05 Td (address ) Tj ET Q q 0 0 0 rg BT 165.65 375.05 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 211.65 375.05 Td (demand ) Tj ET Q q 0 0 0 rg BT 245.43 375.05 Td (for ) Tj ET Q q 0 0 0 rg BT 259.22 375.05 Td (our ) Tj ET Q q 0 0 0 rg BT 274.67 375.05 Td (software ) Tj ET Q q 0 0 0 rg BT 311.23 375.05 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.35 375.05 Td ( ) Tj ET Q q 0 0 0 rg BT 349.47 375.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.04 375.05 Td (as ) Tj ET Q q 0 0 0 rg BT 376.49 375.05 Td (we ) Tj ET Q q 0 0 0 rg BT 390.28 375.05 Td (pursue ) Tj ET Q q 0 0 0 rg BT 419.07 375.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 461.18 375.05 Td (strategic ) Tj ET Q q 0 0 0 rg BT 497.18 375.05 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.96 375.05 Td (. ) Tj ET Q q 0 0 0 rg BT 549.43 375.05 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 375.05 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.05 Td (also ) Tj ET Q q 0 0 0 rg BT 67.32 363.05 Td (intend ) Tj ET Q q 0 0 0 rg BT 94.03 363.05 Td (to ) Tj ET Q q 0 0 0 rg BT 103.52 363.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 137.99 363.05 Td (marketing ) Tj ET Q q 0 0 0 rg BT 180.24 363.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 218.05 363.05 Td (focused ) Tj ET Q q 0 0 0 rg BT 250.87 363.05 Td (on ) Tj ET Q q 0 0 0 rg BT 262.58 363.05 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 284.29 363.05 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 334.05 363.05 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.09 363.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 369.69 363.05 Td (Mae ) Tj ET Q q 0 0 0 rg BT 389.17 363.05 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.16 363.05 Td ( ) Tj ET Q q 0 0 0 rg BT 425.87 363.05 Td (of) Tj ET Q q 0 0 0 rg BT 434.02 363.05 Td (ferings ) Tj ET Q q 0 0 0 rg BT 463.50 363.05 Td (and ) Tj ET Q q 0 0 0 rg BT 479.66 363.05 Td (our ) Tj ET Q q 0 0 0 rg BT 494.70 363.05 Td (other ) Tj ET Q q 0 0 0 rg BT 516.96 363.05 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.05 Td (services.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 323.18505859375 m 174.263671875 323.18505859375 l s q 0 0 0 rg BT 61.50 324.75 Td (Research ) Tj ET Q q 0 0 0 rg BT 102.33 324.75 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 324.75 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 307.75 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.74 307.75 Td (research ) Tj ET Q q 0 0 0 rg BT 129.74 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.86 307.75 Td (development ) Tj ET Q q 0 0 0 rg BT 203.20 307.75 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.30 307.75 Td ( ) Tj ET Q q 0 0 0 rg BT 242.99 307.75 Td (consist ) Tj ET Q q 0 0 0 rg BT 274.46 307.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 315.36 307.75 Td (of: ) Tj ET Q q 0 0 0 rg BT 330.16 307.75 Td (salaries ) Tj ET Q q 0 0 0 rg BT 363.83 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.96 307.75 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 419.80 307.75 Td (including ) Tj ET Q q 0 0 0 rg BT 461.26 307.75 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 497.17 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 307.75 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 106.81 295.75 Td (expense; ) Tj ET Q q 0 0 0 rg BT 143.57 295.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 161.44 295.75 Td (to ) Tj ET Q q 0 0 0 rg BT 170.99 295.75 Td (contractors ) Tj ET Q q 0 0 0 rg BT 217.19 295.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 252.27 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 261.82 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 275.81 295.75 Td (development ) Tj ET Q q 0 0 0 rg BT 329.23 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 345.44 295.75 Td (support ) Tj ET Q q 0 0 0 rg BT 377.21 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.32 295.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 295.75 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 421.96 295.75 Td (Mae ) Tj ET Q q 0 0 0 rg BT 441.50 295.75 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.49 295.75 Td (, ) Tj ET Q q 0 0 0 rg BT 480.76 295.75 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 528.08 295.75 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.16 283.75 Td (other ) Tj ET Q q 0 0 0 rg BT 88.93 283.75 Td (products; ) Tj ET Q q 0 0 0 rg BT 128.37 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.03 283.75 Td (allocated ) Tj ET Q q 0 0 0 rg BT 183.34 283.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 219.99 283.75 Td (costs. ) Tj ET Q q 0 0 0 rg BT 244.55 283.75 Td (W) Tj ET Q q 0 0 0 rg BT 253.19 283.75 Td (e ) Tj ET Q q 0 0 0 rg BT 259.85 283.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 288.16 283.75 Td (that ) Tj ET Q q 0 0 0 rg BT 305.38 283.75 Td (our ) Tj ET Q q 0 0 0 rg BT 320.93 283.75 Td (research ) Tj ET Q q 0 0 0 rg BT 356.46 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 373.12 283.75 Td (development ) Tj ET Q q 0 0 0 rg BT 426.99 283.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 465.31 283.75 Td (will ) Tj ET Q q 0 0 0 rg BT 483.09 283.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 519.74 283.75 Td (to ) Tj ET Q q 0 0 0 rg BT 529.74 283.75 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.52 271.75 Td (absolute ) Tj ET Q q 0 0 0 rg BT 97.09 271.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 127.54 271.75 Td (as ) Tj ET Q q 0 0 0 rg BT 139.12 271.75 Td (we ) Tj ET Q q 0 0 0 rg BT 154.02 271.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 191.69 271.75 Td (to ) Tj ET Q q 0 0 0 rg BT 202.71 271.75 Td (invest ) Tj ET Q q 0 0 0 rg BT 229.84 271.75 Td (in ) Tj ET Q q 0 0 0 rg BT 240.86 271.75 Td (our ) Tj ET Q q 0 0 0 rg BT 257.43 271.75 Td (products ) Tj ET Q q 0 0 0 rg BT 295.11 271.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.79 271.75 Td (services ) Tj ET Q q 0 0 0 rg BT 348.24 271.75 Td (and ) Tj ET Q q 0 0 0 rg BT 365.92 271.75 Td (related ) Tj ET Q q 0 0 0 rg BT 396.36 271.75 Td (next-generation ) Tj ET Q q 0 0 0 rg BT 462.35 271.75 Td (enhancements, ) Tj ET Q q 0 0 0 rg BT 524.73 271.75 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.75 Td (hiring ) Tj ET Q q 0 0 0 rg BT 75.89 259.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.38 259.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 168.08 259.75 Td (and ) Tj ET Q q 0 0 0 rg BT 185.02 259.75 Td (product ) Tj ET Q q 0 0 0 rg BT 218.06 259.75 Td (development ) Tj ET Q q 0 0 0 rg BT 272.21 259.75 Td (personnel ) Tj ET Q q 0 0 0 rg BT 313.59 259.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.53 259.75 Td (as ) Tj ET Q q 0 0 0 rg BT 341.36 259.75 Td (we ) Tj ET Q q 0 0 0 rg BT 355.52 259.75 Td (pursue ) Tj ET Q q 0 0 0 rg BT 384.68 259.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 427.17 259.75 Td (strategic ) Tj ET Q q 0 0 0 rg BT 463.54 259.75 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.32 259.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 231.88505859375005 m 175.58203125 231.88505859375005 l s q 0 0 0 rg BT 61.50 233.45 Td (General ) Tj ET Q q 0 0 0 rg BT 97.33 233.45 Td (and ) Tj ET Q q 0 0 0 rg BT 115.02 233.45 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 216.45 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.62 216.45 Td (general ) Tj ET Q q 0 0 0 rg BT 125.61 216.45 Td (and ) Tj ET Q q 0 0 0 rg BT 143.62 216.45 Td (administrative ) Tj ET Q q 0 0 0 rg BT 204.40 216.45 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.50 216.45 Td ( ) Tj ET Q q 0 0 0 rg BT 244.07 216.45 Td (consist ) Tj ET Q q 0 0 0 rg BT 275.41 216.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 316.20 216.45 Td (of: ) Tj ET Q q 0 0 0 rg BT 330.87 216.45 Td (salaries ) Tj ET Q q 0 0 0 rg BT 364.43 216.45 Td (and ) Tj ET Q q 0 0 0 rg BT 382.44 216.45 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 420.16 216.45 Td (including ) Tj ET Q q 0 0 0 rg BT 461.50 216.45 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 497.29 216.45 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 216.45 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.62 204.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 142.41 204.45 Td (for ) Tj ET Q q 0 0 0 rg BT 156.64 204.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 201.99 204.45 Td (involved ) Tj ET Q q 0 0 0 rg BT 239.56 204.45 Td (in ) Tj ET Q q 0 0 0 rg BT 249.92 204.45 Td (finance, ) Tj ET Q q 0 0 0 rg BT 284.42 204.45 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 333.37 204.45 Td (human ) Tj ET Q q 0 0 0 rg BT 363.16 204.45 Td (resources, ) Tj ET Q q 0 0 0 rg BT 406.00 204.45 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 468.28 204.45 Td (information ) Tj ET Q q 0 0 0 rg BT 518.07 204.45 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.45 Td (and ) Tj ET Q q 0 0 0 rg BT 65.82 192.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 87.14 192.45 Td (roles; ) Tj ET Q q 0 0 0 rg BT 111.24 192.45 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 157.28 192.45 Td (legal, ) Tj ET Q q 0 0 0 rg BT 181.10 192.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 226.85 192.45 Td (and ) Tj ET Q q 0 0 0 rg BT 243.17 192.45 Td (other ) Tj ET Q q 0 0 0 rg BT 265.60 192.45 Td (professional ) Tj ET Q q 0 0 0 rg BT 316.36 192.45 Td (services ) Tj ET Q q 0 0 0 rg BT 350.45 192.45 Td (by ) Tj ET Q q 0 0 0 rg BT 362.33 192.45 Td (third-party ) Tj ET Q q 0 0 0 rg BT 406.98 192.45 Td (providers; ) Tj ET Q q 0 0 0 rg BT 449.41 192.45 Td (and ) Tj ET Q q 0 0 0 rg BT 465.73 192.45 Td (allocated ) Tj ET Q q 0 0 0 rg BT 503.70 192.45 Td (facilities ) Tj ET Q q 0 0 0 rg BT 540.01 192.45 Td (costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.45 Td (General ) Tj ET Q q 0 0 0 rg BT 82.97 180.45 Td (and ) Tj ET Q q 0 0 0 rg BT 99.22 180.45 Td (administrative ) Tj ET Q q 0 0 0 rg BT 158.25 180.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 196.17 180.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 241.85 180.45 Td (during ) Tj ET Q q 0 0 0 rg BT 269.78 180.45 Td (the ) Tj ET Q q 0 0 0 rg BT 283.82 180.45 Td (second ) Tj ET Q q 0 0 0 rg BT 313.41 180.45 Td (and ) Tj ET Q q 0 0 0 rg BT 329.67 180.45 Td (third ) Tj ET Q q 0 0 0 rg BT 350.37 180.45 Td (quarters ) Tj ET Q q 0 0 0 rg BT 384.40 180.45 Td (of ) Tj ET Q q 0 0 0 rg BT 394.55 180.45 Td (2014 ) Tj ET Q q 0 0 0 rg BT 416.37 180.45 Td (also ) Tj ET Q q 0 0 0 rg BT 434.30 180.45 Td (included ) Tj ET Q q 0 0 0 rg BT 470.55 180.45 Td (forensic ) Tj ET Q q 0 0 0 rg BT 504.58 180.45 Td (and ) Tj ET Q q 0 0 0 rg BT 520.84 180.45 Td (consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 67.91 168.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 103.54 168.45 Td (in ) Tj ET Q q 0 0 0 rg BT 113.63 168.45 Td (response ) Tj ET Q q 0 0 0 rg BT 150.94 168.45 Td (to ) Tj ET Q q 0 0 0 rg BT 161.03 168.45 Td (a ) Tj ET Q q 0 0 0 rg BT 167.78 168.45 Td (service ) Tj ET Q q 0 0 0 rg BT 198.41 168.45 Td (outage ) Tj ET Q q 0 0 0 rg BT 227.38 168.45 Td (that ) Tj ET Q q 0 0 0 rg BT 244.69 168.45 Td (occurred ) Tj ET Q q 0 0 0 rg BT 281.98 168.45 Td (at ) Tj ET Q q 0 0 0 rg BT 291.51 168.45 Td (the ) Tj ET Q q 0 0 0 rg BT 306.04 168.45 Td (end ) Tj ET Q q 0 0 0 rg BT 322.79 168.45 Td (of ) Tj ET Q q 0 0 0 rg BT 333.43 168.45 Td (the ) Tj ET Q q 0 0 0 rg BT 347.96 168.45 Td (first ) Tj ET Q q 0 0 0 rg BT 366.38 168.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 397.01 168.45 Td (and ) Tj ET Q q 0 0 0 rg BT 413.76 168.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 435.51 168.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 473.92 168.45 Td (in ) Tj ET Q q 0 0 0 rg BT 484.02 168.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 530.20 168.45 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 168.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 92.90 156.45 Td (of ) Tj ET Q q 0 0 0 rg BT 103.54 156.45 Td (a ) Tj ET Q q 0 0 0 rg BT 110.29 156.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 132.03 156.45 Td (claim. ) Tj ET Q q 0 0 0 rg BT 158.88 156.45 Td (W) Tj ET Q q 0 0 0 rg BT 167.51 156.45 Td (e ) Tj ET Q q 0 0 0 rg BT 174.26 156.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 202.66 156.45 Td (general ) Tj ET Q q 0 0 0 rg BT 234.39 156.45 Td (and ) Tj ET Q q 0 0 0 rg BT 251.13 156.45 Td (administrative ) Tj ET Q q 0 0 0 rg BT 310.65 156.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 349.05 156.45 Td (to ) Tj ET Q q 0 0 0 rg BT 359.14 156.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 395.88 156.45 Td (to ) Tj ET Q q 0 0 0 rg BT 405.96 156.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 441.02 156.45 Td (in ) Tj ET Q q 0 0 0 rg BT 451.10 156.45 Td (absolute ) Tj ET Q q 0 0 0 rg BT 486.74 156.45 Td (dollars ) Tj ET Q q 0 0 0 rg BT 516.26 156.45 Td (as ) Tj ET Q q 0 0 0 rg BT 526.90 156.45 Td (we ) Tj ET Q q 0 0 0 rg BT 540.86 156.45 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.02 144.45 Td (and ) Tj ET Q q 0 0 0 rg BT 108.99 144.45 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 156.48 144.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 206.78 144.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.09 144.45 Td (bolster ) Tj ET Q q 0 0 0 rg BT 246.84 144.45 Td (our ) Tj ET Q q 0 0 0 rg BT 262.70 144.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 319.09 144.45 Td (and ) Tj ET Q q 0 0 0 rg BT 336.06 144.45 Td (enhance ) Tj ET Q q 0 0 0 rg BT 371.35 144.45 Td (our ) Tj ET Q q 0 0 0 rg BT 387.21 144.45 Td (system ) Tj ET Q q 0 0 0 rg BT 417.52 144.45 Td (capacity) Tj ET Q q 0 0 0 rg BT 450.18 144.45 Td (, ) Tj ET Q q 0 0 0 rg BT 455.21 144.45 Td (reliability ) Tj ET Q q 0 0 0 rg BT 496.62 144.45 Td (and ) Tj ET Q q 0 0 0 rg BT 513.58 144.45 Td (security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.59 144.45 Td (. ) Tj ET Q q 0 0 0 rg BT 549.44 144.45 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 144.45 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.45 Td (also ) Tj ET Q q 0 0 0 rg BT 67.36 132.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 95.21 132.45 Td (increases ) Tj ET Q q 0 0 0 rg BT 133.60 132.45 Td (to ) Tj ET Q q 0 0 0 rg BT 143.13 132.45 Td (general ) Tj ET Q q 0 0 0 rg BT 174.31 132.45 Td (and ) Tj ET Q q 0 0 0 rg BT 190.50 132.45 Td (administrative ) Tj ET Q q 0 0 0 rg BT 249.46 132.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 287.31 132.45 Td (as ) Tj ET Q q 0 0 0 rg BT 297.39 132.45 Td (we ) Tj ET Q q 0 0 0 rg BT 310.80 132.45 Td (hire ) Tj ET Q q 0 0 0 rg BT 328.10 132.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 369.84 132.45 Td (personnel ) Tj ET Q q 0 0 0 rg BT 410.47 132.45 Td (and ) Tj ET Q q 0 0 0 rg BT 426.66 132.45 Td (grant ) Tj ET Q q 0 0 0 rg BT 448.96 132.45 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 497.92 132.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 527.99 132.45 Td (to ) Tj ET Q q 0 0 0 rg BT 537.52 132.45 Td (attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.45 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 120.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 91.70 120.45 Td (the ) Tj ET Q q 0 0 0 rg BT 106.42 120.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 151.68 120.45 Td (needed ) Tj ET Q q 0 0 0 rg BT 182.50 120.45 Td (to ) Tj ET Q q 0 0 0 rg BT 192.78 120.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 229.71 120.45 Td (to ) Tj ET Q q 0 0 0 rg BT 239.99 120.45 Td (grow ) Tj ET Q q 0 0 0 rg BT 263.04 120.45 Td (our ) Tj ET Q q 0 0 0 rg BT 278.87 120.45 Td (business ) Tj ET Q q 0 0 0 rg BT 315.26 120.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.20 120.45 Td (as ) Tj ET Q q 0 0 0 rg BT 343.03 120.45 Td (we ) Tj ET Q q 0 0 0 rg BT 357.19 120.45 Td (pursue ) Tj ET Q q 0 0 0 rg BT 386.35 120.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 428.84 120.45 Td (strategic ) Tj ET Q q 0 0 0 rg BT 465.21 120.45 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.99 120.45 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 94.15 Td (Other ) Tj ET Q q 0 0 0 rg BT 77.89 94.15 Td (Income, ) Tj ET Q q 0 0 0 rg BT 114.00 94.15 Td (Net) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 77.15 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.75 77.15 Td (income, ) Tj ET Q q 0 0 0 rg BT 131.16 77.15 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.38 77.15 Td ( ) Tj ET Q q 0 0 0 rg BT 144.86 77.15 Td (consists ) Tj ET Q q 0 0 0 rg BT 178.01 77.15 Td (of: ) Tj ET Q q 0 0 0 rg BT 190.60 77.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.52 77.15 Td (income ) Tj ET Q q 0 0 0 rg BT 252.43 77.15 Td (earned ) Tj ET Q q 0 0 0 rg BT 280.56 77.15 Td (on ) Tj ET Q q 0 0 0 rg BT 292.04 77.15 Td (investments, ) Tj ET Q q 0 0 0 rg BT 343.79 77.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 363.04 77.15 Td (accounts ) Tj ET Q q 0 0 0 rg BT 399.51 77.15 Td (and ) Tj ET Q q 0 0 0 rg BT 415.43 77.15 Td (notes ) Tj ET Q q 0 0 0 rg BT 438.02 77.15 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 483.08 77.15 Td (of) Tj ET Q q 0 0 0 rg BT 491.23 77.15 Td (fset ) Tj ET Q q 0 0 0 rg BT 507.15 77.15 Td (by ) Tj ET Q q 0 0 0 rg BT 518.63 77.15 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.15 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.47 65.15 Td (amortization ) Tj ET Q q 0 0 0 rg BT 140.08 65.15 Td (and ) Tj ET Q q 0 0 0 rg BT 157.60 65.15 Td (imputed ) Tj ET Q q 0 0 0 rg BT 193.45 65.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.96 65.15 Td (expense ) Tj ET Q q 0 0 0 rg BT 261.25 65.15 Td (related ) Tj ET Q q 0 0 0 rg BT 291.53 65.15 Td (to ) Tj ET Q q 0 0 0 rg BT 302.39 65.15 Td (our ) Tj ET Q q 0 0 0 rg BT 318.79 65.15 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 365.75 65.15 Td (holdback ) Tj ET Q q 0 0 0 rg BT 405.49 65.15 Td (payments ) Tj ET Q q 0 0 0 rg BT 446.89 65.15 Td (and ) Tj ET Q q 0 0 0 rg BT 464.41 65.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 496.92 65.15 Td (expense ) Tj ET Q q 0 0 0 rg BT 532.21 65.15 Td (paid ) Tj ET Q q 0 0 0 rg BT 552.50 65.15 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 53.15 Td (equipment ) Tj ET Q q 0 0 0 rg BT 94.21 53.15 Td (and ) Tj ET Q q 0 0 0 rg BT 111.15 53.15 Td (software ) Tj ET Q q 0 0 0 rg BT 148.08 53.15 Td (leases.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 740.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.11 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 90.30 740.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 723.25 Td (On a quarterly basis, we evaluate our expected income tax expense or benefit based on our year) Tj ET Q q 0 0 0 rg BT 455.64 723.25 Td (-to-date operations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (we record an adjustment in the current quarter) Tj ET Q q 0 0 0 rg BT 233.59 711.25 Td (. ) Tj ET Q q 0 0 0 rg BT 238.41 711.25 Td (The net tax provision is the result of the mix of profits earned by us and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (subsidiaries in tax jurisdictions with a broad range of income tax rates. ) Tj ET Q q 0 0 0 rg BT 334.52 699.25 Td (W) Tj ET Q q 0 0 0 rg BT 343.16 699.25 Td (e are required to estimate deferred tax assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (liabilities based on the dif) Tj ET Q q 0 0 0 rg BT 152.63 687.25 Td (ferences between the financial reporting and tax bases of assets and liabilities measured using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (enacted tax rates that will be in ef) Tj ET Q q 0 0 0 rg BT 183.98 675.25 Td (fect when the dif) Tj ET Q q 0 0 0 rg BT 251.27 675.25 Td (ferences are expected to reverse. In general, deferred tax assets represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (future tax benefits to be received when certain expenses previously recognized in our consolidated statements of operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.25 Td (become deductible expenses under applicable income tax laws or loss or credit carry forwards are utilized. ) Tj ET Q q 0 0 0 rg BT 477.39 651.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 526.73 651.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.25 Td (realization of our deferred tax assets is dependent on future taxable income against which these deductions, losses and credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.25 Td (can be utilized. ) Tj ET Q q 0 0 0 rg BT 112.63 627.25 Td (W) Tj ET Q q 0 0 0 rg BT 121.26 627.25 Td (e use management judgment to assess the likelihood that our deferred tax assets will be recovered from future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.25 Td (taxable income and to the extent we believe that recovery is not more likely than not, we must establish a valuation allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.25 Td (to reduce the deferred tax assets to the amount that is more likely than not to be realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 576.95 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.21 576.95 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 135.60 576.95 Td (Policies ) Tj ET Q q 0 0 0 rg BT 170.32 576.95 Td (and ) Tj ET Q q 0 0 0 rg BT 188.94 576.95 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 560.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 560.55 Td (discussion ) Tj ET Q q 0 0 0 rg BT 136.47 560.55 Td (and ) Tj ET Q q 0 0 0 rg BT 154.28 560.55 Td (analysis ) Tj ET Q q 0 0 0 rg BT 189.87 560.55 Td (of ) Tj ET Q q 0 0 0 rg BT 201.58 560.55 Td (our ) Tj ET Q q 0 0 0 rg BT 218.28 560.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.64 560.55 Td (condition ) Tj ET Q q 0 0 0 rg BT 297.78 560.55 Td (and ) Tj ET Q q 0 0 0 rg BT 315.60 560.55 Td (results ) Tj ET Q q 0 0 0 rg BT 345.08 560.55 Td (of ) Tj ET Q q 0 0 0 rg BT 356.78 560.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.81 560.55 Td (are ) Tj ET Q q 0 0 0 rg BT 417.39 560.55 Td (based ) Tj ET Q q 0 0 0 rg BT 443.54 560.55 Td (on ) Tj ET Q q 0 0 0 rg BT 456.91 560.55 Td (our ) Tj ET Q q 0 0 0 rg BT 473.61 560.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 560.55 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.30 548.55 Td (which ) Tj ET Q q 0 0 0 rg BT 121.33 548.55 Td (are ) Tj ET Q q 0 0 0 rg BT 136.13 548.55 Td (prepared ) Tj ET Q q 0 0 0 rg BT 173.69 548.55 Td (in ) Tj ET Q q 0 0 0 rg BT 184.06 548.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 231.61 548.55 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.98 548.55 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.09 548.55 Td (. ) Tj ET Q q 0 0 0 rg BT 283.00 548.55 Td (The ) Tj ET Q q 0 0 0 rg BT 301.13 548.55 Td (preparation ) Tj ET Q q 0 0 0 rg BT 349.25 548.55 Td (of ) Tj ET Q q 0 0 0 rg BT 360.17 548.55 Td (these ) Tj ET Q q 0 0 0 rg BT 383.31 548.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 436.44 548.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.01 548.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 518.81 548.55 Td (requires ) Tj ET Q q 0 0 0 rg BT 553.61 548.55 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.55 Td (to ) Tj ET Q q 0 0 0 rg BT 58.98 536.55 Td (make ) Tj ET Q q 0 0 0 rg BT 82.33 536.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 121.24 536.55 Td (and ) Tj ET Q q 0 0 0 rg BT 137.38 536.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 188.53 536.55 Td (that ) Tj ET Q q 0 0 0 rg BT 205.22 536.55 Td (af) Tj ET Q q 0 0 0 rg BT 212.81 536.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 229.50 536.55 Td (the ) Tj ET Q q 0 0 0 rg BT 243.41 536.55 Td (reported ) Tj ET Q q 0 0 0 rg BT 278.43 536.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 314.01 536.55 Td (of ) Tj ET Q q 0 0 0 rg BT 324.04 536.55 Td (assets, ) Tj ET Q q 0 0 0 rg BT 351.57 536.55 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 392.99 536.55 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 432.72 536.55 Td (expenses ) Tj ET Q q 0 0 0 rg BT 470.52 536.55 Td (and ) Tj ET Q q 0 0 0 rg BT 486.66 536.55 Td (related ) Tj ET Q q 0 0 0 rg BT 515.56 536.55 Td (disclosures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.55 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 524.55 Td (e ) Tj ET Q q 0 0 0 rg BT 65.65 524.55 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 102.04 524.55 Td (our ) Tj ET Q q 0 0 0 rg BT 118.44 524.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 158.73 524.55 Td (and ) Tj ET Q q 0 0 0 rg BT 176.24 524.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 228.77 524.55 Td (on ) Tj ET Q q 0 0 0 rg BT 241.84 524.55 Td (an ) Tj ET Q q 0 0 0 rg BT 254.36 524.55 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 290.21 524.55 Td (basis. ) Tj ET Q q 0 0 0 rg BT 315.78 524.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.41 524.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 374.70 524.55 Td (are ) Tj ET Q q 0 0 0 rg BT 389.98 524.55 Td (based ) Tj ET Q q 0 0 0 rg BT 415.82 524.55 Td (on ) Tj ET Q q 0 0 0 rg BT 428.90 524.55 Td (historical ) Tj ET Q q 0 0 0 rg BT 469.19 524.55 Td (experience ) Tj ET Q q 0 0 0 rg BT 515.56 524.55 Td (and ) Tj ET Q q 0 0 0 rg BT 533.08 524.55 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.55 Td (other ) Tj ET Q q 0 0 0 rg BT 72.49 512.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 124.38 512.55 Td (that ) Tj ET Q q 0 0 0 rg BT 141.81 512.55 Td (we ) Tj ET Q q 0 0 0 rg BT 155.91 512.55 Td (believe ) Tj ET Q q 0 0 0 rg BT 187.22 512.55 Td (to ) Tj ET Q q 0 0 0 rg BT 197.44 512.55 Td (be ) Tj ET Q q 0 0 0 rg BT 209.32 512.55 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 254.52 512.55 Td (under ) Tj ET Q q 0 0 0 rg BT 279.73 512.55 Td (the ) Tj ET Q q 0 0 0 rg BT 294.38 512.55 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 355.96 512.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 373.96 512.55 Td (actual ) Tj ET Q q 0 0 0 rg BT 400.27 512.55 Td (results ) Tj ET Q q 0 0 0 rg BT 428.82 512.55 Td (could ) Tj ET Q q 0 0 0 rg BT 453.47 512.55 Td (dif) Tj ET Q q 0 0 0 rg BT 464.40 512.55 Td (fer ) Tj ET Q q 0 0 0 rg BT 477.94 512.55 Td (from ) Tj ET Q q 0 0 0 rg BT 499.82 512.55 Td (these ) Tj ET Q q 0 0 0 rg BT 522.81 512.55 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 496.15 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 496.15 Td (e ) Tj ET Q q 0 0 0 rg BT 87.25 496.15 Td (believe ) Tj ET Q q 0 0 0 rg BT 117.80 496.15 Td (that ) Tj ET Q q 0 0 0 rg BT 134.47 496.15 Td (the ) Tj ET Q q 0 0 0 rg BT 148.37 496.15 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 199.49 496.15 Td (and ) Tj ET Q q 0 0 0 rg BT 215.60 496.15 Td (estimates ) Tj ET Q q 0 0 0 rg BT 254.49 496.15 Td (associated ) Tj ET Q q 0 0 0 rg BT 297.26 496.15 Td (with ) Tj ET Q q 0 0 0 rg BT 316.72 496.15 Td (revenue ) Tj ET Q q 0 0 0 rg BT 350.04 496.15 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 399.76 496.15 Td (income ) Tj ET Q q 0 0 0 rg BT 430.87 496.15 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 455.59 496.15 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 504.47 496.15 Td (compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.15 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.13 484.15 Td (and ) Tj ET Q q 0 0 0 rg BT 103.64 484.15 Td (intangible ) Tj ET Q q 0 0 0 rg BT 145.70 484.15 Td (assets, ) Tj ET Q q 0 0 0 rg BT 173.60 484.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 189.55 484.15 Td (value ) Tj ET Q q 0 0 0 rg BT 213.28 484.15 Td (of ) Tj ET Q q 0 0 0 rg BT 223.68 484.15 Td (investments, ) Tj ET Q q 0 0 0 rg BT 276.03 484.15 Td (deferred ) Tj ET Q q 0 0 0 rg BT 311.40 484.15 Td (commissions ) Tj ET Q q 0 0 0 rg BT 365.70 484.15 Td (and ) Tj ET Q q 0 0 0 rg BT 382.21 484.15 Td (software ) Tj ET Q q 0 0 0 rg BT 418.71 484.15 Td (and ) Tj ET Q q 0 0 0 rg BT 435.22 484.15 Td (website ) Tj ET Q q 0 0 0 rg BT 467.84 484.15 Td (development ) Tj ET Q q 0 0 0 rg BT 521.56 484.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 543.63 484.15 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.15 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 472.15 Td (greatest ) Tj ET Q q 0 0 0 rg BT 97.98 472.15 Td (potential ) Tj ET Q q 0 0 0 rg BT 135.55 472.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.35 472.15 Td (on ) Tj ET Q q 0 0 0 rg BT 177.94 472.15 Td (our ) Tj ET Q q 0 0 0 rg BT 193.85 472.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.98 472.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.54 472.15 Td (statements. ) Tj ET Q q 0 0 0 rg BT 331.65 472.15 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 376.15 472.15 Td (we ) Tj ET Q q 0 0 0 rg BT 390.39 472.15 Td (consider ) Tj ET Q q 0 0 0 rg BT 426.85 472.15 Td (these ) Tj ET Q q 0 0 0 rg BT 449.99 472.15 Td (to ) Tj ET Q q 0 0 0 rg BT 460.35 472.15 Td (be ) Tj ET Q q 0 0 0 rg BT 472.37 472.15 Td (our ) Tj ET Q q 0 0 0 rg BT 488.29 472.15 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.63 472.15 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.15 Td (policies ) Tj ET Q q 0 0 0 rg BT 83.85 460.15 Td (and ) Tj ET Q q 0 0 0 rg BT 101.54 460.15 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 144.50 460.15 Td (For ) Tj ET Q q 0 0 0 rg BT 161.64 460.15 Td (further ) Tj ET Q q 0 0 0 rg BT 192.10 460.15 Td (information ) Tj ET Q q 0 0 0 rg BT 242.56 460.15 Td (on ) Tj ET Q q 0 0 0 rg BT 255.81 460.15 Td (all ) Tj ET Q q 0 0 0 rg BT 269.06 460.15 Td (of ) Tj ET Q q 0 0 0 rg BT 280.64 460.15 Td (our ) Tj ET Q q 0 0 0 rg BT 297.21 460.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 342.68 460.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 389.80 460.15 Td (policies, ) Tj ET Q q 0 0 0 rg BT 426.65 460.15 Td (please ) Tj ET Q q 0 0 0 rg BT 454.89 460.15 Td (see ) Tj ET Q q 0 0 0 rg BT 470.90 460.15 Td (Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.84 460.15 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.84 460.15 Td ( ) Tj ET Q q 0 0 0 rg BT 501.09 460.15 Td (of ) Tj ET Q q 0 0 0 rg BT 512.67 460.15 Td (the ) Tj ET Q q 0 0 0 rg BT 528.14 460.15 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.72 460.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.15 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 448.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 448.15 Td (Statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 421.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 89.55 421.85 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 405.45 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 405.45 Td (e ) Tj ET Q q 0 0 0 rg BT 88.19 405.45 Td (generate ) Tj ET Q q 0 0 0 rg BT 124.68 405.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.83 405.45 Td (from ) Tj ET Q q 0 0 0 rg BT 184.89 405.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 206.95 405.45 Td (of ) Tj ET Q q 0 0 0 rg BT 217.89 405.45 Td (software ) Tj ET Q q 0 0 0 rg BT 254.94 405.45 Td (and ) Tj ET Q q 0 0 0 rg BT 272.00 405.45 Td (services. ) Tj ET Q q 0 0 0 rg BT 309.14 405.45 Td (W) Tj ET Q q 0 0 0 rg BT 317.77 405.45 Td (e ) Tj ET Q q 0 0 0 rg BT 324.83 405.45 Td (categorize ) Tj ET Q q 0 0 0 rg BT 368.53 405.45 Td (our ) Tj ET Q q 0 0 0 rg BT 384.48 405.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 422.63 405.45 Td (as ) Tj ET Q q 0 0 0 rg BT 433.58 405.45 Td (either ) Tj ET Q q 0 0 0 rg BT 458.96 405.45 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 506.57 405.45 Td (or ) Tj ET Q q 0 0 0 rg BT 517.52 405.45 Td (on-premise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.45 Td (revenues.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 365.58505859375 m 166.5517578125 365.58505859375 l s q 0 0 0 rg BT 73.50 367.15 Td (On-Demand ) Tj ET Q q 0 0 0 rg BT 127.11 367.15 Td (Revenues) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 350.75 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 127.77 350.75 Td (Services ) Tj ET Q q 0 0 0 rg BT 165.80 350.75 Td (and ) Tj ET Q q 0 0 0 rg BT 185.52 350.75 Td (Usage-Based ) Tj ET Q q 0 0 0 rg BT 243.55 350.75 Td (Fee ) Tj ET Q q 0 0 0 rg BT 262.91 350.75 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.07 350.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.79 350.75 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 382.06 350.75 Td (services ) Tj ET Q q 0 0 0 rg BT 418.98 350.75 Td (and ) Tj ET Q q 0 0 0 rg BT 438.13 350.75 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 491.71 350.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 508.64 350.75 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.40 338.75 Td (include ) Tj ET Q q 0 0 0 rg BT 121.53 338.75 Td (a ) Tj ET Q q 0 0 0 rg BT 128.67 338.75 Td (combination ) Tj ET Q q 0 0 0 rg BT 181.36 338.75 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.69 338.75 Td ( ) Tj ET Q q 0 0 0 rg BT 192.39 338.75 Td (our ) Tj ET Q q 0 0 0 rg BT 208.42 338.75 Td (products ) Tj ET Q q 0 0 0 rg BT 245.56 338.75 Td (delivered ) Tj ET Q q 0 0 0 rg BT 285.46 338.75 Td (as ) Tj ET Q q 0 0 0 rg BT 296.49 338.75 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.19 338.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.33 338.75 Td (support ) Tj ET Q q 0 0 0 rg BT 369.02 338.75 Td (services. ) Tj ET Q q 0 0 0 rg BT 406.24 338.75 Td (These ) Tj ET Q q 0 0 0 rg BT 432.81 338.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 489.37 338.75 Td (are ) Tj ET Q q 0 0 0 rg BT 504.28 338.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 544.18 338.75 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.75 Td (cancelable ) Tj ET Q q 0 0 0 rg BT 94.19 326.75 Td (and ) Tj ET Q q 0 0 0 rg BT 111.13 326.75 Td (do ) Tj ET Q q 0 0 0 rg BT 123.63 326.75 Td (not ) Tj ET Q q 0 0 0 rg BT 138.90 326.75 Td (contain ) Tj ET Q q 0 0 0 rg BT 170.84 326.75 Td (refund-type ) Tj ET Q q 0 0 0 rg BT 219.98 326.75 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 266.47 326.75 Td (These ) Tj ET Q q 0 0 0 rg BT 292.85 326.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 330.89 326.75 Td (typically ) Tj ET Q q 0 0 0 rg BT 368.38 326.75 Td (include ) Tj ET Q q 0 0 0 rg BT 400.31 326.75 Td (the ) Tj ET Q q 0 0 0 rg BT 415.03 326.75 Td (following:) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 310.35 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 116.30 310.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 163.66 310.35 Td (Revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.91 310.35 Td ( ) Tj ET Q q 0 0 0 rg BT 205.59 310.35 Td (W) Tj ET Q q 0 0 0 rg BT 214.23 310.35 Td (e ) Tj ET Q q 0 0 0 rg BT 220.47 310.35 Td (of) Tj ET Q q 0 0 0 rg BT 228.62 310.35 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.52 310.35 Td (web-based, ) Tj ET Q q 0 0 0 rg BT 288.58 310.35 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 335.37 310.35 Td (access ) Tj ET Q q 0 0 0 rg BT 362.71 310.35 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.49 310.35 Td ( ) Tj ET Q q 0 0 0 rg BT 372.30 310.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.43 310.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 434.78 310.35 Td (software ) Tj ET Q q 0 0 0 rg BT 471.02 310.35 Td (for ) Tj ET Q q 0 0 0 rg BT 484.48 310.35 Td (a ) Tj ET Q q 0 0 0 rg BT 490.72 310.35 Td (monthly ) Tj ET Q q 0 0 0 rg BT 525.86 310.35 Td (recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 298.35 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.71 298.35 Td ( ) Tj ET Q q 0 0 0 rg BT 89.83 298.35 Td (W) Tj ET Q q 0 0 0 rg BT 98.47 298.35 Td (e ) Tj ET Q q 0 0 0 rg BT 106.27 298.35 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.18 298.35 Td (the ) Tj ET Q q 0 0 0 rg BT 155.77 298.35 Td (right ) Tj ET Q q 0 0 0 rg BT 178.02 298.35 Td (to ) Tj ET Q q 0 0 0 rg BT 189.16 298.35 Td (access) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.70 298.35 Td ( ) Tj ET Q q 0 0 0 rg BT 218.07 298.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.76 298.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 255.34 298.35 Td (origination ) Tj ET Q q 0 0 0 rg BT 302.59 298.35 Td (software ) Tj ET Q q 0 0 0 rg BT 340.39 298.35 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.82 298.35 Td ( ) Tj ET Q q 0 0 0 rg BT 358.19 298.35 Td (handle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.21 298.35 Td (the ) Tj ET Q q 0 0 0 rg BT 403.79 298.35 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 461.60 298.35 Td (of ) Tj ET Q q 0 0 0 rg BT 473.30 298.35 Td (managing ) Tj ET Q q 0 0 0 rg BT 516.10 298.35 Td (the ) Tj ET Q q 0 0 0 rg BT 531.68 298.35 Td (servers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 286.35 Td (providing ) Tj ET Q q 0 0 0 rg BT 113.15 286.35 Td (security) Tj ET Q q 0 0 0 rg BT 144.16 286.35 Td (, ) Tj ET Q q 0 0 0 rg BT 148.93 286.35 Td (backing ) Tj ET Q q 0 0 0 rg BT 182.85 286.35 Td (up ) Tj ET Q q 0 0 0 rg BT 195.12 286.35 Td (the ) Tj ET Q q 0 0 0 rg BT 209.60 286.35 Td (data ) Tj ET Q q 0 0 0 rg BT 228.52 286.35 Td (and ) Tj ET Q q 0 0 0 rg BT 245.23 286.35 Td (applying ) Tj ET Q q 0 0 0 rg BT 282.49 286.35 Td (updates. ) Tj ET Q q 0 0 0 rg BT 317.80 286.35 Td (Customers ) Tj ET Q q 0 0 0 rg BT 362.85 286.35 Td (under ) Tj ET Q q 0 0 0 rg BT 387.89 286.35 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 410.15 286.35 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 466.28 286.35 Td (may ) Tj ET Q q 0 0 0 rg BT 485.77 286.35 Td (not ) Tj ET Q q 0 0 0 rg BT 500.81 286.35 Td (take ) Tj ET Q q 0 0 0 rg BT 519.73 286.35 Td (possession ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.35 Td (of ) Tj ET Q q 0 0 0 rg BT 82.58 274.35 Td (the ) Tj ET Q q 0 0 0 rg BT 97.04 274.35 Td (software ) Tj ET Q q 0 0 0 rg BT 133.71 274.35 Td (at ) Tj ET Q q 0 0 0 rg BT 143.17 274.35 Td (any ) Tj ET Q q 0 0 0 rg BT 159.86 274.35 Td (time ) Tj ET Q q 0 0 0 rg BT 179.88 274.35 Td (during ) Tj ET Q q 0 0 0 rg BT 208.23 274.35 Td (the ) Tj ET Q q 0 0 0 rg BT 222.69 274.35 Td (term ) Tj ET Q q 0 0 0 rg BT 243.26 274.35 Td (of ) Tj ET Q q 0 0 0 rg BT 253.84 274.35 Td (the ) Tj ET Q q 0 0 0 rg BT 268.30 274.35 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.44 274.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.68 274.35 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 367.49 274.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 405.27 274.35 Td (are ) Tj ET Q q 0 0 0 rg BT 419.72 274.35 Td (recognized ) Tj ET Q q 0 0 0 rg BT 465.83 274.35 Td (ratably ) Tj ET Q q 0 0 0 rg BT 495.84 274.35 Td (over ) Tj ET Q q 0 0 0 rg BT 515.85 274.35 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 274.35 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 262.35 Td (terms ) Tj ET Q q 0 0 0 rg BT 97.16 262.35 Td (as ) Tj ET Q q 0 0 0 rg BT 108.42 262.35 Td (subscription ) Tj ET Q q 0 0 0 rg BT 160.25 262.35 Td (services ) Tj ET Q q 0 0 0 rg BT 195.39 262.35 Td (are ) Tj ET Q q 0 0 0 rg BT 210.54 262.35 Td (provided, ) Tj ET Q q 0 0 0 rg BT 251.53 262.35 Td (beginning ) Tj ET Q q 0 0 0 rg BT 294.46 262.35 Td (on ) Tj ET Q q 0 0 0 rg BT 307.40 262.35 Td (the ) Tj ET Q q 0 0 0 rg BT 322.55 262.35 Td (commencement ) Tj ET Q q 0 0 0 rg BT 388.80 262.35 Td (date ) Tj ET Q q 0 0 0 rg BT 408.39 262.35 Td (of ) Tj ET Q q 0 0 0 rg BT 419.66 262.35 Td (each ) Tj ET Q q 0 0 0 rg BT 440.91 262.35 Td (contract, ) Tj ET Q q 0 0 0 rg BT 478.55 262.35 Td (which ) Tj ET Q q 0 0 0 rg BT 505.93 262.35 Td (is ) Tj ET Q q 0 0 0 rg BT 515.54 262.35 Td (the ) Tj ET Q q 0 0 0 rg BT 530.69 262.35 Td (date ) Tj ET Q q 0 0 0 rg BT 550.29 262.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.35 Td (Company) Tj ET Q q 0 0 0 rg BT 113.67 250.35 Td (s ) Tj ET Q q 0 0 0 rg BT 119.26 250.35 Td (service ) Tj ET Q q 0 0 0 rg BT 149.28 250.35 Td (is ) Tj ET Q q 0 0 0 rg BT 157.66 250.35 Td (made ) Tj ET Q q 0 0 0 rg BT 181.02 250.35 Td (available ) Tj ET Q q 0 0 0 rg BT 218.81 250.35 Td (to ) Tj ET Q q 0 0 0 rg BT 228.30 250.35 Td (customers.Contracts ) Tj ET Q q 0 0 0 rg BT 313.88 250.35 Td (generally ) Tj ET Q q 0 0 0 rg BT 352.78 250.35 Td (range ) Tj ET Q q 0 0 0 rg BT 376.70 250.35 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.13 250.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.84 250.35 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.28 250.35 Td ( ) Tj ET Q q 0 0 0 rg BT 413.98 250.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.47 250.35 Td (five ) Tj ET Q q 0 0 0 rg BT 440.72 250.35 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.82 250.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 250.35 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 517.76 250.35 Td (, ) Tj ET Q q 0 0 0 rg BT 521.96 250.35 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.35 Td (can ) Tj ET Q q 0 0 0 rg BT 89.01 238.35 Td (elect ) Tj ET Q q 0 0 0 rg BT 111.02 238.35 Td (to ) Tj ET Q q 0 0 0 rg BT 121.93 238.35 Td (pay ) Tj ET Q q 0 0 0 rg BT 139.50 238.35 Td (on ) Tj ET Q q 0 0 0 rg BT 152.63 238.35 Td (a ) Tj ET Q q 0 0 0 rg BT 160.21 238.35 Td (success ) Tj ET Q q 0 0 0 rg BT 193.33 238.35 Td (basis. ) Tj ET Q q 0 0 0 rg BT 218.96 238.35 Td (Success ) Tj ET Q q 0 0 0 rg BT 253.76 238.35 Td (basis ) Tj ET Q q 0 0 0 rg BT 276.89 238.35 Td (contracts ) Tj ET Q q 0 0 0 rg BT 316.12 238.35 Td (generally ) Tj ET Q q 0 0 0 rg BT 356.46 238.35 Td (have ) Tj ET Q q 0 0 0 rg BT 378.47 238.35 Td (a ) Tj ET Q q 0 0 0 rg BT 386.04 238.35 Td (term ) Tj ET Q q 0 0 0 rg BT 407.50 238.35 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.83 238.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.96 238.35 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.40 238.35 Td ( ) Tj ET Q q 0 0 0 rg BT 436.53 238.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.45 238.35 Td (five ) Tj ET Q q 0 0 0 rg BT 466.13 238.35 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.23 238.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.36 238.35 Td (and ) Tj ET Q q 0 0 0 rg BT 507.93 238.35 Td (are ) Tj ET Q q 0 0 0 rg BT 523.27 238.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 238.35 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 226.35 Td (monthly ) Tj ET Q q 0 0 0 rg BT 107.69 226.35 Td (base ) Tj ET Q q 0 0 0 rg BT 127.82 226.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 148.78 226.35 Td (which ) Tj ET Q q 0 0 0 rg BT 175.57 226.35 Td (enable ) Tj ET Q q 0 0 0 rg BT 204.03 226.35 Td (customers ) Tj ET Q q 0 0 0 rg BT 246.93 226.35 Td (to ) Tj ET Q q 0 0 0 rg BT 257.07 226.35 Td (close ) Tj ET Q q 0 0 0 rg BT 279.97 226.35 Td (loans ) Tj ET Q q 0 0 0 rg BT 303.44 226.35 Td (up ) Tj ET Q q 0 0 0 rg BT 315.80 226.35 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 226.35 Td (a ) Tj ET Q q 0 0 0 rg BT 332.73 226.35 Td (contractually ) Tj ET Q q 0 0 0 rg BT 387.29 226.35 Td (agreed-to ) Tj ET Q q 0 0 0 rg BT 427.40 226.35 Td (minimum ) Tj ET Q q 0 0 0 rg BT 468.65 226.35 Td (number ) Tj ET Q q 0 0 0 rg BT 501.56 226.35 Td (of ) Tj ET Q q 0 0 0 rg BT 512.24 226.35 Td (transactions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 214.35 Td (and ) Tj ET Q q 0 0 0 rg BT 88.67 214.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.88 214.35 Td (closed ) Tj ET Q q 0 0 0 rg BT 158.66 214.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 178.10 214.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 198.92 214.35 Td (which ) Tj ET Q q 0 0 0 rg BT 225.59 214.35 Td (are ) Tj ET Q q 0 0 0 rg BT 240.02 214.35 Td (assessed ) Tj ET Q q 0 0 0 rg BT 276.13 214.35 Td (for ) Tj ET Q q 0 0 0 rg BT 290.02 214.35 Td (loans ) Tj ET Q q 0 0 0 rg BT 313.35 214.35 Td (closed ) Tj ET Q q 0 0 0 rg BT 341.13 214.35 Td (in ) Tj ET Q q 0 0 0 rg BT 351.13 214.35 Td (excess ) Tj ET Q q 0 0 0 rg BT 379.46 214.35 Td (of ) Tj ET Q q 0 0 0 rg BT 390.01 214.35 Td (the ) Tj ET Q q 0 0 0 rg BT 404.46 214.35 Td (minimum. ) Tj ET Q q 0 0 0 rg BT 448.07 214.35 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 485.29 214.35 Td (is ) Tj ET Q q 0 0 0 rg BT 494.18 214.35 Td (earned ) Tj ET Q q 0 0 0 rg BT 523.05 214.35 Td (from ) Tj ET Q q 0 0 0 rg BT 544.72 214.35 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.35 Td (base ) Tj ET Q q 0 0 0 rg BT 91.41 202.35 Td (fees ) Tj ET Q q 0 0 0 rg BT 109.15 202.35 Td (and ) Tj ET Q q 0 0 0 rg BT 125.23 202.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 166.86 202.35 Td (closed ) Tj ET Q q 0 0 0 rg BT 194.05 202.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 212.90 202.35 Td (fees ) Tj ET Q q 0 0 0 rg BT 230.64 202.35 Td (as ) Tj ET Q q 0 0 0 rg BT 240.61 202.35 Td (the ) Tj ET Q q 0 0 0 rg BT 254.47 202.35 Td (result ) Tj ET Q q 0 0 0 rg BT 278.33 202.35 Td (of ) Tj ET Q q 0 0 0 rg BT 288.30 202.35 Td (the ) Tj ET Q q 0 0 0 rg BT 302.16 202.35 Td (customer) Tj ET Q q 0 0 0 rg BT 339.18 202.35 Td () Tj ET Q q 0 0 0 rg BT 341.96 202.35 Td (s ) Tj ET Q q 0 0 0 rg BT 347.49 202.35 Td (usage ) Tj ET Q q 0 0 0 rg BT 371.90 202.35 Td (of ) Tj ET Q q 0 0 0 rg BT 381.87 202.35 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 431.56 202.35 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 467.65 202.35 Td (base ) Tj ET Q q 0 0 0 rg BT 487.06 202.35 Td (fees ) Tj ET Q q 0 0 0 rg BT 504.80 202.35 Td (are ) Tj ET Q q 0 0 0 rg BT 518.65 202.35 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.35 Td (over ) Tj ET Q q 0 0 0 rg BT 93.77 190.35 Td (the ) Tj ET Q q 0 0 0 rg BT 109.99 190.35 Td (respective ) Tj ET Q q 0 0 0 rg BT 154.52 190.35 Td (monthly ) Tj ET Q q 0 0 0 rg BT 191.86 190.35 Td (service ) Tj ET Q q 0 0 0 rg BT 224.18 190.35 Td (period ) Tj ET Q q 0 0 0 rg BT 253.73 190.35 Td (as ) Tj ET Q q 0 0 0 rg BT 266.06 190.35 Td (the ) Tj ET Q q 0 0 0 rg BT 282.28 190.35 Td (subscription ) Tj ET Q q 0 0 0 rg BT 335.17 190.35 Td (services ) Tj ET Q q 0 0 0 rg BT 371.38 190.35 Td (are ) Tj ET Q q 0 0 0 rg BT 387.59 190.35 Td (provided. ) Tj ET Q q 0 0 0 rg BT 428.76 190.35 Td (Additional ) Tj ET Q q 0 0 0 rg BT 475.53 190.35 Td (closed ) Tj ET Q q 0 0 0 rg BT 505.08 190.35 Td (loans ) Tj ET Q q 0 0 0 rg BT 530.19 190.35 Td (fees ) Tj ET Q q 0 0 0 rg BT 550.29 190.35 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.35 Td (recognized ) Tj ET Q q 0 0 0 rg BT 117.32 178.35 Td (when ) Tj ET Q q 0 0 0 rg BT 140.45 178.35 Td (the ) Tj ET Q q 0 0 0 rg BT 154.12 178.35 Td (loans ) Tj ET Q q 0 0 0 rg BT 176.69 178.35 Td (are ) Tj ET Q q 0 0 0 rg BT 190.36 178.35 Td (reported ) Tj ET Q q 0 0 0 rg BT 225.14 178.35 Td (as ) Tj ET Q q 0 0 0 rg BT 234.93 178.35 Td (closed. ) Tj ET Q q 0 0 0 rg BT 264.33 178.35 Td (This ) Tj ET Q q 0 0 0 rg BT 283.57 178.35 Td (of) Tj ET Q q 0 0 0 rg BT 291.72 178.35 Td (fering ) Tj ET Q q 0 0 0 rg BT 317.06 178.35 Td (also ) Tj ET Q q 0 0 0 rg BT 334.63 178.35 Td (includes ) Tj ET Q q 0 0 0 rg BT 369.42 178.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 416.42 178.35 Td (CenterW) Tj ET Q q 0 0 0 rg BT 452.12 178.35 Td (ise, ) Tj ET Q q 0 0 0 rg BT 467.19 178.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 514.20 178.35 Td (Compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.35 Td (Service ) Tj ET Q q 0 0 0 rg BT 104.34 166.35 Td (and ) Tj ET Q q 0 0 0 rg BT 121.13 166.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 169.02 166.35 Td (Docs ) Tj ET Q q 0 0 0 rg BT 191.93 166.35 Td (Solution ) Tj ET Q q 0 0 0 rg BT 228.17 166.35 Td (as ) Tj ET Q q 0 0 0 rg BT 238.86 166.35 Td (integrated ) Tj ET Q q 0 0 0 rg BT 281.19 166.35 Td (components, ) Tj ET Q q 0 0 0 rg BT 334.36 166.35 Td (which ) Tj ET Q q 0 0 0 rg BT 361.15 166.35 Td (are ) Tj ET Q q 0 0 0 rg BT 375.71 166.35 Td (combined ) Tj ET Q q 0 0 0 rg BT 417.50 166.35 Td (elements ) Tj ET Q q 0 0 0 rg BT 455.39 166.35 Td (of ) Tj ET Q q 0 0 0 rg BT 466.07 166.35 Td (the ) Tj ET Q q 0 0 0 rg BT 480.64 166.35 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 532.96 166.35 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 166.35 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 154.35 Td (delivered ) Tj ET Q q 0 0 0 rg BT 111.70 154.35 Td (in ) Tj ET Q q 0 0 0 rg BT 121.98 154.35 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 171.69 154.35 Td (with ) Tj ET Q q 0 0 0 rg BT 191.97 154.35 Td (the ) Tj ET Q q 0 0 0 rg BT 206.69 154.35 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 229.19 154.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 277.23 154.35 Td (of) Tj ET Q q 0 0 0 rg BT 285.38 154.35 Td (fering ) Tj ET Q q 0 0 0 rg BT 311.76 154.35 Td (and ) Tj ET Q q 0 0 0 rg BT 328.70 154.35 Td (therefore ) Tj ET Q q 0 0 0 rg BT 367.28 154.35 Td (are ) Tj ET Q q 0 0 0 rg BT 381.99 154.35 Td (not ) Tj ET Q q 0 0 0 rg BT 397.27 154.35 Td (accounted ) Tj ET Q q 0 0 0 rg BT 440.30 154.35 Td (for ) Tj ET Q q 0 0 0 rg BT 454.46 154.35 Td (separately) Tj ET Q q 0 0 0 rg BT 494.34 154.35 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 137.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 141.54 137.95 Td (CenterW) Tj ET Q q 0 0 0 rg BT 176.54 137.95 Td (ise ) Tj ET Q q 0 0 0 rg BT 189.13 137.95 Td (Revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.39 137.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.87 137.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 277.91 137.95 Td (CenterW) Tj ET Q q 0 0 0 rg BT 313.60 137.95 Td (ise ) Tj ET Q q 0 0 0 rg BT 326.20 137.95 Td (is ) Tj ET Q q 0 0 0 rg BT 334.36 137.95 Td (a ) Tj ET Q q 0 0 0 rg BT 340.28 137.95 Td (bundled ) Tj ET Q q 0 0 0 rg BT 373.99 137.95 Td (of) Tj ET Q q 0 0 0 rg BT 382.14 137.95 Td (fering ) Tj ET Q q 0 0 0 rg BT 407.50 137.95 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.83 137.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.32 137.95 Td (EDM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.54 137.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.03 137.95 Td (and ) Tj ET Q q 0 0 0 rg BT 456.96 137.95 Td (websites ) Tj ET Q q 0 0 0 rg BT 492.89 137.95 Td (used ) Tj ET Q q 0 0 0 rg BT 512.70 137.95 Td (for ) Tj ET Q q 0 0 0 rg BT 525.85 137.95 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.95 Td (relationship ) Tj ET Q q 0 0 0 rg BT 121.58 125.95 Td (management. ) Tj ET Q q 0 0 0 rg BT 177.54 125.95 Td (Generally) Tj ET Q q 0 0 0 rg BT 216.31 125.95 Td (, ) Tj ET Q q 0 0 0 rg BT 221.18 125.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 255.19 125.95 Td (is ) Tj ET Q q 0 0 0 rg BT 264.23 125.95 Td (recognized ) Tj ET Q q 0 0 0 rg BT 310.46 125.95 Td (for ) Tj ET Q q 0 0 0 rg BT 324.49 125.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 372.41 125.95 Td (CenterW) Tj ET Q q 0 0 0 rg BT 408.10 125.95 Td (ise ) Tj ET Q q 0 0 0 rg BT 421.58 125.95 Td (after ) Tj ET Q q 0 0 0 rg BT 442.26 125.95 Td (the ) Tj ET Q q 0 0 0 rg BT 456.84 125.95 Td (service ) Tj ET Q q 0 0 0 rg BT 487.53 125.95 Td (is ) Tj ET Q q 0 0 0 rg BT 496.57 125.95 Td (rendered, ) Tj ET Q q 0 0 0 rg BT 536.41 125.95 Td (except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.95 Td (when ) Tj ET Q q 0 0 0 rg BT 97.02 113.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 145.93 113.95 Td (CenterW) Tj ET Q q 0 0 0 rg BT 181.62 113.95 Td (ise ) Tj ET Q q 0 0 0 rg BT 196.09 113.95 Td (is ) Tj ET Q q 0 0 0 rg BT 206.12 113.95 Td (automatically ) Tj ET Q q 0 0 0 rg BT 263.90 113.95 Td (included ) Tj ET Q q 0 0 0 rg BT 301.69 113.95 Td (as ) Tj ET Q q 0 0 0 rg BT 313.38 113.95 Td (an ) Tj ET Q q 0 0 0 rg BT 326.18 113.95 Td (integrated ) Tj ET Q q 0 0 0 rg BT 369.52 113.95 Td (component ) Tj ET Q q 0 0 0 rg BT 417.31 113.95 Td (of ) Tj ET Q q 0 0 0 rg BT 429.00 113.95 Td (the ) Tj ET Q q 0 0 0 rg BT 444.58 113.95 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 467.94 113.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 516.84 113.95 Td (of) Tj ET Q q 0 0 0 rg BT 524.99 113.95 Td (fering, ) Tj ET Q q 0 0 0 rg BT 554.73 113.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.95 Td (which ) Tj ET Q q 0 0 0 rg BT 98.94 101.95 Td (case ) Tj ET Q q 0 0 0 rg BT 118.65 101.95 Td (the ) Tj ET Q q 0 0 0 rg BT 133.36 101.95 Td (associated ) Tj ET Q q 0 0 0 rg BT 176.96 101.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 211.10 101.95 Td (is ) Tj ET Q q 0 0 0 rg BT 220.27 101.95 Td (recognized ) Tj ET Q q 0 0 0 rg BT 266.63 101.95 Td (as ) Tj ET Q q 0 0 0 rg BT 277.46 101.95 Td (described ) Tj ET Q q 0 0 0 rg BT 318.28 101.95 Td (above.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 85.55 Td (Services ) Tj ET Q q 0 0 0 rg BT 132.38 85.55 Td (Revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.63 85.55 Td ( ) Tj ET Q q 0 0 0 rg BT 176.86 85.55 Td (W) Tj ET Q q 0 0 0 rg BT 185.50 85.55 Td (e ) Tj ET Q q 0 0 0 rg BT 194.50 85.55 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.61 85.55 Td (a ) Tj ET Q q 0 0 0 rg BT 238.61 85.55 Td (variety ) Tj ET Q q 0 0 0 rg BT 270.93 85.55 Td (of ) Tj ET Q q 0 0 0 rg BT 283.83 85.55 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 356.68 85.55 Td (and ) Tj ET Q q 0 0 0 rg BT 375.68 85.55 Td (other ) Tj ET Q q 0 0 0 rg BT 400.79 85.55 Td (business ) Tj ET Q q 0 0 0 rg BT 439.24 85.55 Td (services, ) Tj ET Q q 0 0 0 rg BT 478.51 85.55 Td (including ) Tj ET Q q 0 0 0 rg BT 520.85 85.55 Td (automated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 73.55 Td (documentation; ) Tj ET Q q 0 0 0 rg BT 138.70 73.55 Td (fraud ) Tj ET Q q 0 0 0 rg BT 164.30 73.55 Td (detection, ) Tj ET Q q 0 0 0 rg BT 207.95 73.55 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 252.16 73.55 Td (validation ) Tj ET Q q 0 0 0 rg BT 296.65 73.55 Td (and ) Tj ET Q q 0 0 0 rg BT 315.58 73.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 335.08 73.55 Td (analysis; ) Tj ET Q q 0 0 0 rg BT 374.57 73.55 Td (income ) Tj ET Q q 0 0 0 rg BT 408.50 73.55 Td (verification; ) Tj ET Q q 0 0 0 rg BT 461.87 73.55 Td (marketing ) Tj ET Q q 0 0 0 rg BT 506.91 73.55 Td (and ) Tj ET Q q 0 0 0 rg BT 525.84 73.55 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 61.55 Td (management; ) Tj ET Q q 0 0 0 rg BT 128.71 61.55 Td (flood ) Tj ET Q q 0 0 0 rg BT 152.67 61.55 Td (zone ) Tj ET Q q 0 0 0 rg BT 174.39 61.55 Td (certifications; ) Tj ET Q q 0 0 0 rg BT 232.21 61.55 Td (and ) Tj ET Q q 0 0 0 rg BT 249.50 61.55 Td (compliance ) Tj ET Q q 0 0 0 rg BT 298.44 61.55 Td (reports. ) Tj ET Q q 0 0 0 rg BT 331.55 61.55 Td (Services ) Tj ET Q q 0 0 0 rg BT 368.27 61.55 Td (revenues ) Tj ET Q q 0 0 0 rg BT 406.66 61.55 Td (are ) Tj ET Q q 0 0 0 rg BT 421.71 61.55 Td (recognized ) Tj ET Q q 0 0 0 rg BT 468.42 61.55 Td (upon ) Tj ET Q q 0 0 0 rg BT 491.27 61.55 Td (completion ) Tj ET Q q 0 0 0 rg BT 539.10 61.55 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 61.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 49.55 Td (services.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (36) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.01 740.10 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 130.07 740.10 Td (Revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.32 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.64 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 181.28 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 188.21 740.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 740.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 241.51 740.10 Td (into ) Tj ET Q q 0 0 0 rg BT 259.57 740.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 307.60 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.88 740.10 Td (various ) Tj ET Q q 0 0 0 rg BT 359.81 740.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 393.69 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 424.50 740.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 464.77 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.71 740.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 511.41 740.10 Td (government-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 92.66 728.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 124.14 728.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 177.28 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.67 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.49 728.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 242.85 728.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 289.34 728.10 Td (process ) Tj ET Q q 0 0 0 rg BT 321.93 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.53 728.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 372.68 728.10 Td (them ) Tj ET Q q 0 0 0 rg BT 395.28 728.10 Td (access ) Tj ET Q q 0 0 0 rg BT 423.42 728.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 436.31 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.35 728.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 481.50 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.89 728.10 Td (interoperate ) Tj ET Q q 0 0 0 rg BT 542.24 728.10 Td (with, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.15 716.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 134.36 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 146.25 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.35 716.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 181.12 716.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 200.78 716.10 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.27 716.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.16 716.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 267.03 716.10 Td (these ) Tj ET Q q 0 0 0 rg BT 289.47 716.10 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.39 716.10 Td (we ) Tj ET Q q 0 0 0 rg BT 352.94 716.10 Td (earn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.03 716.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 417.79 716.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 435.77 716.10 Td (when ) Tj ET Q q 0 0 0 rg BT 459.32 716.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 508.97 716.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.07 716.10 Td (processed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (through ) Tj ET Q q 0 0 0 rg BT 82.87 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.35 704.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 118.49 704.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 138.52 704.10 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.01 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.11 704.10 Td (T) Tj ET Q q 0 0 0 rg BT 183.86 704.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 227.22 704.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 265.02 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 279.48 704.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 325.61 704.10 Td (when ) Tj ET Q q 0 0 0 rg BT 349.53 704.10 Td (there ) Tj ET Q q 0 0 0 rg BT 371.77 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.70 704.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 418.50 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.75 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.23 704.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 493.59 704.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 543.62 704.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 86.98 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 99.48 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.19 692.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 135.57 692.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 155.84 692.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 193.33 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.27 692.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 252.20 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.03 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.75 692.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 315.24 692.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 358.82 692.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.99 692.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 413.81 692.10 Td (assured.) 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Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 571.43505859375 m 164.876953125 571.43505859375 l s q 0 0 0 rg BT 73.50 573.00 Td (On-Premise ) Tj ET Q q 0 0 0 rg BT 125.44 573.00 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 552.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.22 552.00 Td (from ) Tj ET Q q 0 0 0 rg BT 130.88 552.00 Td (the ) Tj ET Q q 0 0 0 rg BT 145.33 552.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 163.11 552.00 Td (of ) Tj ET Q q 0 0 0 rg BT 173.67 552.00 Td (software ) Tj ET Q q 0 0 0 rg BT 210.33 552.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 244.21 552.00 Td (is ) Tj ET Q q 0 0 0 rg BT 253.12 552.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 299.21 552.00 Td (in ) Tj ET Q q 0 0 0 rg BT 309.22 552.00 Td (the ) Tj ET Q q 0 0 0 rg BT 323.66 552.00 Td (month ) Tj ET Q q 0 0 0 rg BT 351.45 552.00 Td (in ) Tj ET Q q 0 0 0 rg BT 361.46 552.00 Td (which ) Tj ET Q q 0 0 0 rg BT 388.13 552.00 Td (the ) Tj ET Q q 0 0 0 rg BT 402.58 552.00 Td (required ) Tj ET Q q 0 0 0 rg BT 438.12 552.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 472.00 552.00 Td (recognition ) Tj ET Q q 0 0 0 rg BT 519.77 552.00 Td (criteria ) Tj ET Q q 0 0 0 rg BT 550.31 552.00 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (met, ) Tj ET Q q 0 0 0 rg BT 69.68 540.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.56 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.02 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 540.00 Td (month ) Tj ET Q q 0 0 0 rg BT 163.16 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 173.62 540.00 Td (which ) Tj ET Q q 0 0 0 rg BT 200.74 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.64 540.00 Td (software ) Tj ET Q q 0 0 0 rg BT 252.75 540.00 Td (is ) Tj ET Q q 0 0 0 rg BT 262.10 540.00 Td (delivered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.80 540.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.49 540.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 342.15 540.00 Td (from ) Tj ET Q q 0 0 0 rg BT 364.27 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.17 540.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 397.40 540.00 Td (of ) Tj ET Q q 0 0 0 rg BT 408.42 540.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 461.62 540.00 Td (services ) Tj ET Q q 0 0 0 rg BT 496.51 540.00 Td (and ) Tj ET Q q 0 0 0 rg BT 513.63 540.00 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.00 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 528.00 Td (is ) Tj ET Q q 0 0 0 rg BT 93.38 528.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 139.74 528.00 Td (over ) Tj ET Q q 0 0 0 rg BT 160.01 528.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.72 528.00 Td (period ) Tj ET Q q 0 0 0 rg BT 202.77 528.00 Td (in ) Tj ET Q q 0 0 0 rg BT 213.05 528.00 Td (which ) Tj ET Q q 0 0 0 rg BT 239.99 528.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.71 528.00 Td (services ) Tj ET Q q 0 0 0 rg BT 289.41 528.00 Td (are ) Tj ET Q q 0 0 0 rg BT 304.12 528.00 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 500.13505859375 m 206.478515625 500.13505859375 l s q 0 0 0 rg BT 73.50 501.70 Td (Multiple ) Tj ET Q q 0 0 0 rg BT 111.00 501.70 Td (Element ) Tj ET Q q 0 0 0 rg BT 147.58 501.70 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 480.70 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 480.70 Td (e ) Tj ET Q q 0 0 0 rg BT 87.56 480.70 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.92 480.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 140.83 480.70 Td (into ) Tj ET Q q 0 0 0 rg BT 158.88 480.70 Td (both ) Tj ET Q q 0 0 0 rg BT 179.14 480.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 230.51 480.70 Td (services ) Tj ET Q q 0 0 0 rg BT 265.20 480.70 Td (and ) Tj ET Q q 0 0 0 rg BT 282.13 480.70 Td (software ) Tj ET Q q 0 0 0 rg BT 319.04 480.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 375.39 480.70 Td (with ) Tj ET Q q 0 0 0 rg BT 395.65 480.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 431.47 480.70 Td (elements. ) Tj ET Q q 0 0 0 rg BT 472.00 480.70 Td (For ) Tj ET Q q 0 0 0 rg BT 488.37 480.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 544.72 480.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.89 468.70 Td (deliverables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.20 468.70 Td (, ) Tj ET Q q 0 0 0 rg BT 139.77 468.70 Td (we ) Tj ET Q q 0 0 0 rg BT 154.49 468.70 Td (evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.87 468.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 226.14 468.70 Td (the ) Tj ET Q q 0 0 0 rg BT 241.42 468.70 Td (individual ) Tj ET Q q 0 0 0 rg BT 285.03 468.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 336.41 468.70 Td (qualify ) Tj ET Q q 0 0 0 rg BT 367.80 468.70 Td (as ) Tj ET Q q 0 0 0 rg BT 379.19 468.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 415.01 468.70 Td (units ) Tj ET Q q 0 0 0 rg BT 437.52 468.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.92 468.70 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 498.35 468.70 Td (In ) Tj ET Q q 0 0 0 rg BT 509.75 468.70 Td (order ) Tj ET Q q 0 0 0 rg BT 533.91 468.70 Td (to ) Tj ET Q q 0 0 0 rg BT 544.75 468.70 Td (treat ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 100.67 456.70 Td (in ) Tj ET Q q 0 0 0 rg BT 111.31 456.70 Td (a ) Tj ET Q q 0 0 0 rg BT 118.61 456.70 Td (multiple-deliverable ) Tj ET Q q 0 0 0 rg BT 202.55 456.70 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 255.38 456.70 Td (as ) Tj ET Q q 0 0 0 rg BT 266.58 456.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 302.19 456.70 Td (units ) Tj ET Q q 0 0 0 rg BT 324.50 456.70 Td (of ) Tj ET Q q 0 0 0 rg BT 335.69 456.70 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 384.92 456.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.00 456.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 451.17 456.70 Td (must ) Tj ET Q q 0 0 0 rg BT 473.48 456.70 Td (have ) Tj ET Q q 0 0 0 rg BT 495.22 456.70 Td (standalone ) Tj ET Q q 0 0 0 rg BT 540.85 456.70 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.00 444.70 Td (delivery) Tj ET Q q 0 0 0 rg BT 104.11 444.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 428.30 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 125.08 428.30 Td (services ) Tj ET Q q 0 0 0 rg BT 159.31 428.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 206.87 428.30 Td (with ) Tj ET Q q 0 0 0 rg BT 226.67 428.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 262.02 428.30 Td (elements ) Tj ET Q q 0 0 0 rg BT 299.59 428.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 338.82 428.30 Td (include ) Tj ET Q q 0 0 0 rg BT 370.27 428.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 405.63 428.30 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 460.43 428.30 Td (and ) Tj ET Q q 0 0 0 rg BT 476.89 428.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.79 428.30 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.30 Td (When ) Tj ET Q q 0 0 0 rg BT 74.71 416.30 Td (such ) Tj ET Q q 0 0 0 rg BT 94.36 416.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 141.22 416.30 Td (involve ) Tj ET Q q 0 0 0 rg BT 172.55 416.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 207.21 416.30 Td (elements ) Tj ET Q q 0 0 0 rg BT 244.08 416.30 Td (that ) Tj ET Q q 0 0 0 rg BT 260.40 416.30 Td (qualify ) Tj ET Q q 0 0 0 rg BT 290.05 416.30 Td (as ) Tj ET Q q 0 0 0 rg BT 299.71 416.30 Td (separate ) Tj ET Q q 0 0 0 rg BT 333.79 416.30 Td (units ) Tj ET Q q 0 0 0 rg BT 354.57 416.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.23 416.30 Td (accounting,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.60 416.30 Td ( ) Tj ET Q q 0 0 0 rg BT 411.93 416.30 Td (we ) Tj ET Q q 0 0 0 rg BT 424.92 416.30 Td (allocate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.33 416.30 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 508.63 416.30 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.26 404.30 Td (all ) Tj ET Q q 0 0 0 rg BT 71.23 404.30 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 121.52 404.30 Td (at ) Tj ET Q q 0 0 0 rg BT 130.72 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.91 404.30 Td (inception ) Tj ET Q q 0 0 0 rg BT 184.10 404.30 Td (of ) Tj ET Q q 0 0 0 rg BT 194.41 404.30 Td (an ) Tj ET Q q 0 0 0 rg BT 205.83 404.30 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 257.78 404.30 Td (based ) Tj ET Q q 0 0 0 rg BT 282.53 404.30 Td (on ) Tj ET Q q 0 0 0 rg BT 294.51 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 308.70 404.30 Td (relative ) Tj ET Q q 0 0 0 rg BT 340.66 404.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 369.31 404.30 Td (price ) Tj ET Q q 0 0 0 rg BT 391.27 404.30 Td (method ) Tj ET Q q 0 0 0 rg BT 423.24 404.30 Td (in ) Tj ET Q q 0 0 0 rg BT 433.00 404.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 479.94 404.30 Td (with ) Tj ET Q q 0 0 0 rg BT 499.70 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 513.89 404.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 542.54 404.30 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.30 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 86.60 392.30 Td (, ) Tj ET Q q 0 0 0 rg BT 91.66 392.30 Td (which ) Tj ET Q q 0 0 0 rg BT 118.65 392.30 Td (includes: ) Tj ET Q q 0 0 0 rg BT 157.30 392.30 Td (\(i\)vendor ) Tj ET Q q 0 0 0 rg BT 199.56 392.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 233.20 392.30 Td (objective ) Tj ET Q q 0 0 0 rg BT 272.41 392.30 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.94 392.30 Td (, ) Tj ET Q q 0 0 0 rg BT 312.99 392.30 Td (or ) Tj ET Q q 0 0 0 rg BT 323.69 392.30 Td (VSOE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.85 392.30 Td (if ) Tj ET Q q 0 0 0 rg BT 363.51 392.30 Td (it ) Tj ET Q q 0 0 0 rg BT 371.62 392.30 Td (is ) Tj ET Q q 0 0 0 rg BT 380.84 392.30 Td (available; ) Tj ET Q q 0 0 0 rg BT 422.26 392.30 Td (\(ii\)third-party ) Tj ET Q q 0 0 0 rg BT 482.29 392.30 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.82 392.30 Td (, ) Tj ET Q q 0 0 0 rg BT 522.87 392.30 Td (or ) Tj ET Q q 0 0 0 rg BT 533.57 392.30 Td (TPE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.40 392.30 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.30 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 78.11 380.30 Td (is ) Tj ET Q q 0 0 0 rg BT 87.28 380.30 Td (not ) Tj ET Q q 0 0 0 rg BT 102.56 380.30 Td (available; ) Tj ET Q q 0 0 0 rg BT 143.93 380.30 Td (and ) Tj ET Q q 0 0 0 rg BT 160.87 380.30 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 193.08 380.30 Td (best ) Tj ET Q q 0 0 0 rg BT 211.69 380.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 247.51 380.30 Td (of ) Tj ET Q q 0 0 0 rg BT 258.34 380.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 287.50 380.30 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.49 380.30 Td (, ) Tj ET Q q 0 0 0 rg BT 312.49 380.30 Td (or ) Tj ET Q q 0 0 0 rg BT 323.32 380.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 346.11 380.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.11 380.30 Td (if ) Tj ET Q q 0 0 0 rg BT 359.72 380.30 Td (neither ) Tj ET Q q 0 0 0 rg BT 389.80 380.30 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 418.42 380.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 434.07 380.30 Td (TPE ) Tj ET Q q 0 0 0 rg BT 454.34 380.30 Td (is ) Tj ET Q q 0 0 0 rg BT 463.51 380.30 Td (available.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 359.30 Td (VSOE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.61 359.30 Td ( ) Tj ET Q q 0 0 0 rg BT 103.49 359.30 Td (W) Tj ET Q q 0 0 0 rg BT 112.13 359.30 Td (e ) Tj ET Q q 0 0 0 rg BT 119.67 359.30 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.53 359.30 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 191.74 359.30 Td (based ) Tj ET Q q 0 0 0 rg BT 217.61 359.30 Td (on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.61 359.30 Td ( ) Tj ET Q q 0 0 0 rg BT 230.71 359.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 359.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 287.46 359.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 318.89 359.30 Td (and ) Tj ET Q q 0 0 0 rg BT 336.43 359.30 Td (discounting ) Tj ET Q q 0 0 0 rg BT 386.20 359.30 Td (practices ) Tj ET Q q 0 0 0 rg BT 424.83 359.30 Td (for ) Tj ET Q q 0 0 0 rg BT 439.59 359.30 Td (the ) Tj ET Q q 0 0 0 rg BT 454.91 359.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 489.11 359.30 Td (product ) Tj ET Q q 0 0 0 rg BT 522.76 359.30 Td (or ) Tj ET Q q 0 0 0 rg BT 534.19 359.30 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.30 Td (when ) Tj ET Q q 0 0 0 rg BT 73.00 347.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 91.50 347.30 Td (separately) Tj ET Q q 0 0 0 rg BT 131.38 347.30 Td (. ) Tj ET Q q 0 0 0 rg BT 135.72 347.30 Td (In ) Tj ET Q q 0 0 0 rg BT 145.89 347.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 195.91 347.30 Td (VSOE,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.52 347.30 Td ( ) Tj ET Q q 0 0 0 rg BT 226.36 347.30 Td (we ) Tj ET Q q 0 0 0 rg BT 239.86 347.30 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.01 347.30 Td (that ) Tj ET Q q 0 0 0 rg BT 286.84 347.30 Td (a ) Tj ET Q q 0 0 0 rg BT 293.11 347.30 Td (substantial ) Tj ET Q q 0 0 0 rg BT 337.72 347.30 Td (majority ) Tj ET Q q 0 0 0 rg BT 373.44 347.30 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 347.30 Td (the ) Tj ET Q q 0 0 0 rg BT 397.66 347.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 426.16 347.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 451.87 347.30 Td (for ) Tj ET Q q 0 0 0 rg BT 465.37 347.30 Td (these ) Tj ET Q q 0 0 0 rg BT 487.75 347.30 Td (services ) Tj ET Q q 0 0 0 rg BT 521.79 347.30 Td (fall ) Tj ET Q q 0 0 0 rg BT 536.96 347.30 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.30 Td (a ) Tj ET Q q 0 0 0 rg BT 56.55 335.30 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 102.48 335.30 Td (narrow ) Tj ET Q q 0 0 0 rg BT 133.41 335.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 164.35 335.30 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.06 335.30 Td ( ) Tj ET Q q 0 0 0 rg BT 191.67 335.30 Td ( ) Tj ET Q q 0 0 0 rg BT 194.09 335.30 Td (W) Tj ET Q q 0 0 0 rg BT 202.73 335.30 Td (e ) Tj ET Q q 0 0 0 rg BT 209.78 335.30 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.27 335.30 Td (not ) Tj ET Q q 0 0 0 rg BT 246.66 335.30 Td (historically ) Tj ET Q q 0 0 0 rg BT 294.26 335.30 Td (priced) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.25 335.30 Td ( ) Tj ET Q q 0 0 0 rg BT 321.86 335.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 335.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 389.30 335.30 Td (services ) Tj ET Q q 0 0 0 rg BT 424.12 335.30 Td (within ) Tj ET Q q 0 0 0 rg BT 452.29 335.30 Td (a ) Tj ET Q q 0 0 0 rg BT 459.34 335.30 Td (narrow ) Tj ET Q q 0 0 0 rg BT 490.27 335.30 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.98 335.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.02 335.30 Td (As ) Tj ET Q q 0 0 0 rg BT 530.74 335.30 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 335.30 Td (result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 335.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.30 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 323.30 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.04 323.30 Td (not ) Tj ET Q q 0 0 0 rg BT 100.32 323.30 Td (been ) Tj ET Q q 0 0 0 rg BT 121.69 323.30 Td (able ) Tj ET Q q 0 0 0 rg BT 140.85 323.30 Td (to ) Tj ET Q q 0 0 0 rg BT 151.13 323.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 188.62 323.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 217.79 323.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 244.16 323.30 Td (for ) Tj ET Q q 0 0 0 rg BT 258.32 323.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 309.71 323.30 Td (services ) Tj ET Q q 0 0 0 rg BT 344.42 323.30 Td (based ) Tj ET Q q 0 0 0 rg BT 369.69 323.30 Td (on ) Tj ET Q q 0 0 0 rg BT 382.00 323.30 Td (VSOE.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 302.30 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 94.20 302.30 Td (When ) Tj ET Q q 0 0 0 rg BT 120.00 302.30 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 148.19 302.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 176.92 302.30 Td (be ) Tj ET Q q 0 0 0 rg BT 188.43 302.30 Td (established ) Tj ET Q q 0 0 0 rg BT 234.93 302.30 Td (for ) Tj ET Q q 0 0 0 rg BT 248.67 302.30 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 299.05 302.30 Td (in ) Tj ET Q q 0 0 0 rg BT 308.90 302.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 344.30 302.30 Td (element ) Tj ET Q q 0 0 0 rg BT 378.03 302.30 Td (arrangements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.39 302.30 Td ( ) Tj ET Q q 0 0 0 rg BT 436.46 302.30 Td (we ) Tj ET Q q 0 0 0 rg BT 450.19 302.30 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.48 302.30 Td (judgment ) Tj ET Q q 0 0 0 rg BT 514.33 302.30 Td (with ) Tj ET Q q 0 0 0 rg BT 534.18 302.30 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 290.30 Td (whether) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.06 290.30 Td ( ) Tj ET Q q 0 0 0 rg BT 94.64 290.30 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.88 290.30 Td (can ) Tj ET Q q 0 0 0 rg BT 125.34 290.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 162.92 290.30 Td (a ) Tj ET Q q 0 0 0 rg BT 169.93 290.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 199.18 290.30 Td (price ) Tj ET Q q 0 0 0 rg BT 221.74 290.30 Td (based ) Tj ET Q q 0 0 0 rg BT 247.09 290.30 Td (on ) Tj ET Q q 0 0 0 rg BT 259.48 290.30 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 282.16 290.30 Td (TPE ) Tj ET Q q 0 0 0 rg BT 302.51 290.30 Td (is ) Tj ET Q q 0 0 0 rg BT 311.76 290.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 359.32 290.30 Td (based ) Tj ET Q q 0 0 0 rg BT 384.67 290.30 Td (on ) Tj ET Q q 0 0 0 rg BT 397.25 290.30 Td (competitor ) Tj ET Q q 0 0 0 rg BT 443.15 290.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 469.61 290.30 Td (for ) Tj ET Q q 0 0 0 rg BT 483.85 290.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 514.20 290.30 Td (deliverables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.30 Td (when ) Tj ET Q q 0 0 0 rg BT 73.99 278.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 93.49 278.30 Td (separately) Tj ET Q q 0 0 0 rg BT 133.38 278.30 Td (. ) Tj ET Q q 0 0 0 rg BT 138.71 278.30 Td (Generally) Tj ET Q q 0 0 0 rg BT 177.48 278.30 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 278.30 Td ( ) Tj ET Q q 0 0 0 rg BT 182.81 278.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.97 278.30 Td (go-to-market ) Tj ET Q q 0 0 0 rg BT 254.01 278.30 Td (strategy ) Tj ET Q q 0 0 0 rg BT 288.49 278.30 Td (dif) Tj ET Q q 0 0 0 rg BT 299.42 278.30 Td (fers ) Tj ET Q q 0 0 0 rg BT 317.24 278.30 Td (from ) Tj ET Q q 0 0 0 rg BT 339.51 278.30 Td (that ) Tj ET Q q 0 0 0 rg BT 357.34 278.30 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.67 278.30 Td ( ) Tj ET Q q 0 0 0 rg BT 368.50 278.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.66 278.30 Td (peers ) Tj ET Q q 0 0 0 rg BT 408.59 278.30 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.03 278.30 Td ( ) Tj ET Q q 0 0 0 rg BT 425.86 278.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.02 278.30 Td (of) Tj ET Q q 0 0 0 rg BT 450.17 278.30 Td (ferings ) Tj ET Q q 0 0 0 rg BT 480.77 278.30 Td (contain ) Tj ET Q q 0 0 0 rg BT 513.03 278.30 Td (a ) Tj ET Q q 0 0 0 rg BT 520.30 278.30 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.30 Td (level ) Tj ET Q q 0 0 0 rg BT 71.75 266.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.89 266.30 Td (dif) Tj ET Q q 0 0 0 rg BT 93.82 266.30 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 142.72 266.30 Td (such ) Tj ET Q q 0 0 0 rg BT 163.87 266.30 Td (that ) Tj ET Q q 0 0 0 rg BT 181.68 266.30 Td (the ) Tj ET Q q 0 0 0 rg BT 196.71 266.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 246.16 266.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 277.30 266.30 Td (of ) Tj ET Q q 0 0 0 rg BT 288.44 266.30 Td (services ) Tj ET Q q 0 0 0 rg BT 323.46 266.30 Td (with ) Tj ET Q q 0 0 0 rg BT 344.06 266.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 374.64 266.30 Td (functionality ) Tj ET Q q 0 0 0 rg BT 428.56 266.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 458.03 266.30 Td (be ) Tj ET Q q 0 0 0 rg BT 470.28 266.30 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 510.03 266.30 Td (Furthermore,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 266.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.30 Td (we ) Tj ET Q q 0 0 0 rg BT 63.35 254.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.76 254.30 Td (unable ) Tj ET Q q 0 0 0 rg BT 106.61 254.30 Td (to ) Tj ET Q q 0 0 0 rg BT 116.58 254.30 Td (reliably ) Tj ET Q q 0 0 0 rg BT 149.32 254.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 191.49 254.30 Td (what ) Tj ET Q q 0 0 0 rg BT 213.13 254.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 243.09 254.30 Td (competitor ) Tj ET Q q 0 0 0 rg BT 288.61 254.30 Td (services) Tj ET Q q 0 0 0 rg BT 323.40 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 325.60 254.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 354.46 254.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 380.53 254.30 Td (are ) Tj ET Q q 0 0 0 rg BT 394.93 254.30 Td (on ) Tj ET Q q 0 0 0 rg BT 407.13 254.30 Td (a ) Tj ET Q q 0 0 0 rg BT 413.76 254.30 Td (standalone ) Tj ET Q q 0 0 0 rg BT 458.72 254.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 482.93 254.30 Td (As ) Tj ET Q q 0 0 0 rg BT 496.24 254.30 Td (a ) Tj ET Q q 0 0 0 rg BT 502.87 254.30 Td (result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.59 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 529.78 254.30 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 254.30 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.30 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 242.30 Td (been ) Tj ET Q q 0 0 0 rg BT 86.16 242.30 Td (able ) Tj ET Q q 0 0 0 rg BT 105.31 242.30 Td (to ) Tj ET Q q 0 0 0 rg BT 115.59 242.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 153.08 242.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 182.25 242.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 208.63 242.30 Td (based ) Tj ET Q q 0 0 0 rg BT 233.89 242.30 Td (on ) Tj ET Q q 0 0 0 rg BT 246.21 242.30 Td (TPE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.49 242.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 94.79 221.30 Td (. ) Tj ET Q q 0 0 0 rg BT 99.67 221.30 Td (When) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.54 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 126.10 221.30 Td (we ) Tj ET Q q 0 0 0 rg BT 140.33 221.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.09 221.30 Td (unable ) Tj ET Q q 0 0 0 rg BT 184.31 221.30 Td (to ) Tj ET Q q 0 0 0 rg BT 194.65 221.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 232.20 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 239.20 221.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 268.42 221.30 Td (price ) Tj ET Q q 0 0 0 rg BT 290.97 221.30 Td (using ) Tj ET Q q 0 0 0 rg BT 315.02 221.30 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 343.69 221.30 Td (or ) Tj ET Q q 0 0 0 rg BT 354.39 221.30 Td (TPE,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.67 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 377.23 221.30 Td (we ) Tj ET Q q 0 0 0 rg BT 391.45 221.30 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.34 221.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 430.87 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 433.43 221.30 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.21 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 443.77 221.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.66 221.30 Td (allocation ) Tj ET Q q 0 0 0 rg BT 501.65 221.30 Td (of ) Tj ET Q q 0 0 0 rg BT 512.54 221.30 Td (arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.30 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 108.84 209.30 Td (The ) Tj ET Q q 0 0 0 rg BT 127.58 209.30 Td (objective ) Tj ET Q q 0 0 0 rg BT 167.42 209.30 Td (of ) Tj ET Q q 0 0 0 rg BT 178.95 209.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 202.48 209.30 Td ( ) Tj ET Q q 0 0 0 rg BT 205.67 209.30 Td (is ) Tj ET Q q 0 0 0 rg BT 215.54 209.30 Td (to ) Tj ET Q q 0 0 0 rg BT 226.51 209.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 269.69 209.30 Td (the ) Tj ET Q q 0 0 0 rg BT 285.10 209.30 Td (price ) Tj ET Q q 0 0 0 rg BT 308.28 209.30 Td (at ) Tj ET Q q 0 0 0 rg BT 318.69 209.30 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.13 209.30 Td ( ) Tj ET Q q 0 0 0 rg BT 346.32 209.30 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.18 209.30 Td (would ) Tj ET Q q 0 0 0 rg BT 389.37 209.30 Td (transact ) Tj ET Q q 0 0 0 rg BT 423.66 209.30 Td (a ) Tj ET Q q 0 0 0 rg BT 431.29 209.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 450.04 209.30 Td (if ) Tj ET Q q 0 0 0 rg BT 459.34 209.30 Td (the ) Tj ET Q q 0 0 0 rg BT 474.75 209.30 Td (service ) Tj ET Q q 0 0 0 rg BT 506.26 209.30 Td (was ) Tj ET Q q 0 0 0 rg BT 525.01 209.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 544.87 209.30 Td (on ) Tj ET Q q 0 0 0 rg BT 558.07 209.30 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.32 197.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 118.73 197.30 Td (When ) Tj ET Q q 0 0 0 rg BT 144.66 197.30 Td (establishing ) Tj ET Q q 0 0 0 rg BT 194.49 197.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 217.28 197.30 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.78 197.30 Td ( ) Tj ET Q q 0 0 0 rg BT 221.84 197.30 Td (we ) Tj ET Q q 0 0 0 rg BT 235.55 197.30 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.82 197.30 Td (company ) Tj ET Q q 0 0 0 rg BT 303.53 197.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 336.68 197.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 365.94 197.30 Td (used ) Tj ET Q q 0 0 0 rg BT 386.32 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 396.16 197.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 438.19 197.30 Td (list ) Tj ET Q q 0 0 0 rg BT 452.48 197.30 Td (price ) Tj ET Q q 0 0 0 rg BT 474.52 197.30 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.96 197.30 Td ( ) Tj ET Q q 0 0 0 rg BT 491.01 197.30 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.72 197.30 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.30 Td (as ) Tj ET Q q 0 0 0 rg BT 60.22 185.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 108.15 185.30 Td (to ) Tj ET Q q 0 0 0 rg BT 118.32 185.30 Td (reflect ) Tj ET Q q 0 0 0 rg BT 146.24 185.30 Td (current ) Tj ET Q q 0 0 0 rg BT 176.95 185.30 Td (market ) Tj ET Q q 0 0 0 rg BT 207.10 185.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 251.16 185.30 Td (and ) Tj ET Q q 0 0 0 rg BT 267.99 185.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 298.71 185.30 Td (behavior) Tj ET Q q 0 0 0 rg BT 333.14 185.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.64 185.30 Td ( ) Tj ET Q q 0 0 0 rg BT 338.03 185.30 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.97 185.30 Td (process ) Tj ET Q q 0 0 0 rg BT 388.36 185.30 Td (for ) Tj ET Q q 0 0 0 rg BT 402.41 185.30 Td (establishing ) Tj ET Q q 0 0 0 rg BT 452.57 185.30 Td (list ) Tj ET Q q 0 0 0 rg BT 467.19 185.30 Td (price ) Tj ET Q q 0 0 0 rg BT 489.57 185.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 525.28 185.30 Td (assessing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 173.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.12 173.30 Td (to ) Tj ET Q q 0 0 0 rg BT 95.05 173.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 128.75 173.30 Td (a ) Tj ET Q q 0 0 0 rg BT 136.34 173.30 Td (particular ) Tj ET Q q 0 0 0 rg BT 177.80 173.30 Td (product ) Tj ET Q q 0 0 0 rg BT 211.49 173.30 Td (or ) Tj ET Q q 0 0 0 rg BT 222.97 173.30 Td (service, ) Tj ET Q q 0 0 0 rg BT 256.94 173.30 Td (surveying ) Tj ET Q q 0 0 0 rg BT 299.52 173.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 343.22 173.30 Td (to ) Tj ET Q q 0 0 0 rg BT 354.15 173.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 397.28 173.30 Td (market ) Tj ET Q q 0 0 0 rg BT 428.19 173.30 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 483.82 173.30 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 525.84 173.30 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.30 Td (demographics ) Tj ET Q q 0 0 0 rg BT 107.64 161.30 Td (and ) Tj ET Q q 0 0 0 rg BT 124.12 161.30 Td (taking ) Tj ET Q q 0 0 0 rg BT 151.16 161.30 Td (into ) Tj ET Q q 0 0 0 rg BT 168.76 161.30 Td (account ) Tj ET Q q 0 0 0 rg BT 201.90 161.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 231.71 161.30 Td (products ) Tj ET Q q 0 0 0 rg BT 268.19 161.30 Td (and ) Tj ET Q q 0 0 0 rg BT 284.68 161.30 Td (services ) Tj ET Q q 0 0 0 rg BT 318.93 161.30 Td (historically ) Tj ET Q q 0 0 0 rg BT 365.96 161.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 384.67 161.30 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.67 161.30 Td ( ) Tj ET Q q 0 0 0 rg BT 396.72 161.30 Td (us. ) Tj ET Q q 0 0 0 rg BT 410.00 161.30 Td (W) Tj ET Q q 0 0 0 rg BT 418.64 161.30 Td (e ) Tj ET Q q 0 0 0 rg BT 425.12 161.30 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.60 161.30 Td (to ) Tj ET Q q 0 0 0 rg BT 471.42 161.30 Td (review ) Tj ET Q q 0 0 0 rg BT 500.67 161.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.93 161.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 544.18 161.30 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 149.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 97.27 149.30 Td (list ) Tj ET Q q 0 0 0 rg BT 112.00 149.30 Td (price ) Tj ET Q q 0 0 0 rg BT 134.49 149.30 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.92 149.30 Td ( ) Tj ET Q q 0 0 0 rg BT 151.42 149.30 Td (adjust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.81 149.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 201.34 149.30 Td ( ) Tj ET Q q 0 0 0 rg BT 203.84 149.30 Td (as ) Tj ET Q q 0 0 0 rg BT 214.67 149.30 Td (necessary) Tj ET Q q 0 0 0 rg BT 252.89 149.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.39 149.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 128.30 Td (Because) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.32 128.30 Td ( ) Tj ET Q q 0 0 0 rg BT 107.79 128.30 Td (we ) Tj ET Q q 0 0 0 rg BT 121.92 128.30 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.27 128.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 190.72 128.30 Td (that ) Tj ET Q q 0 0 0 rg BT 208.19 128.30 Td (neither ) Tj ET Q q 0 0 0 rg BT 238.25 128.30 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 266.83 128.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 282.46 128.30 Td (TPE ) Tj ET Q q 0 0 0 rg BT 302.71 128.30 Td (is ) Tj ET Q q 0 0 0 rg BT 311.85 128.30 Td (available,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.44 128.30 Td ( ) Tj ET Q q 0 0 0 rg BT 352.91 128.30 Td (we ) Tj ET Q q 0 0 0 rg BT 367.04 128.30 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.84 128.30 Td (BESP) Tj ET Q q 0 0 0 rg BT 406.37 128.30 Td ( ) Tj ET Q q 0 0 0 rg BT 408.85 128.30 Td (to ) Tj ET Q q 0 0 0 rg BT 419.10 128.30 Td (allocate ) Tj ET Q q 0 0 0 rg BT 452.66 128.30 Td (the ) Tj ET Q q 0 0 0 rg BT 467.35 128.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 496.48 128.30 Td (price ) Tj ET Q q 0 0 0 rg BT 518.94 128.30 Td (to ) Tj ET Q q 0 0 0 rg BT 529.19 128.30 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.30 Td (elements ) Tj ET Q q 0 0 0 rg BT 88.61 116.30 Td (in ) Tj ET Q q 0 0 0 rg BT 99.95 116.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 152.40 116.30 Td (services ) Tj ET Q q 0 0 0 rg BT 188.17 116.30 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 247.84 116.30 Td (The ) Tj ET Q q 0 0 0 rg BT 266.95 116.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 300.51 116.30 Td (of ) Tj ET Q q 0 0 0 rg BT 312.41 116.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 347.62 116.30 Td (allocated ) Tj ET Q q 0 0 0 rg BT 387.27 116.30 Td (to ) Tj ET Q q 0 0 0 rg BT 398.61 116.30 Td (delivered ) Tj ET Q q 0 0 0 rg BT 439.38 116.30 Td (items ) Tj ET Q q 0 0 0 rg BT 464.61 116.30 Td (is ) Tj ET Q q 0 0 0 rg BT 474.84 116.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 506.74 116.30 Td (by ) Tj ET Q q 0 0 0 rg BT 520.30 116.30 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.30 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.15 104.30 Td (if ) Tj ET Q q 0 0 0 rg BT 94.75 104.30 Td (any) Tj ET Q q 0 0 0 rg BT 108.54 104.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 83.30 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 125.23 83.30 Td (services ) Tj ET Q q 0 0 0 rg BT 159.60 83.30 Td (have ) Tj ET Q q 0 0 0 rg BT 180.65 83.30 Td (standalone ) Tj ET Q q 0 0 0 rg BT 225.59 83.30 Td (value ) Tj ET Q q 0 0 0 rg BT 249.41 83.30 Td (as ) Tj ET Q q 0 0 0 rg BT 259.91 83.30 Td (such ) Tj ET Q q 0 0 0 rg BT 280.41 83.30 Td (services ) Tj ET Q q 0 0 0 rg BT 314.79 83.30 Td (are ) Tj ET Q q 0 0 0 rg BT 329.17 83.30 Td (often ) Tj ET Q q 0 0 0 rg BT 351.88 83.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 370.73 83.30 Td (separately) Tj ET Q q 0 0 0 rg BT 410.61 83.30 Td (. ) Tj ET Q q 0 0 0 rg BT 414.80 83.30 Td (Additionally) Tj ET Q q 0 0 0 rg BT 464.70 83.30 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.20 83.30 Td ( ) Tj ET Q q 0 0 0 rg BT 469.37 83.30 Td (we ) Tj ET Q q 0 0 0 rg BT 483.20 83.30 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.25 83.30 Td (concluded ) Tj ET Q q 0 0 0 rg BT 547.51 83.30 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 101.74 71.30 Td (services ) Tj ET Q q 0 0 0 rg BT 137.30 71.30 Td (included ) Tj ET Q q 0 0 0 rg BT 175.10 71.30 Td (in ) Tj ET Q q 0 0 0 rg BT 186.23 71.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 222.92 71.30 Td (element ) Tj ET Q q 0 0 0 rg BT 257.93 71.30 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 315.15 71.30 Td (have ) Tj ET Q q 0 0 0 rg BT 337.39 71.30 Td (standalone ) Tj ET Q q 0 0 0 rg BT 383.51 71.30 Td (value. ) Tj ET Q q 0 0 0 rg BT 411.03 71.30 Td ( ) Tj ET Q q 0 0 0 rg BT 414.39 71.30 Td (In ) Tj ET Q q 0 0 0 rg BT 426.08 71.30 Td (establishing ) Tj ET Q q 0 0 0 rg BT 477.21 71.30 Td (standalone ) Tj ET Q q 0 0 0 rg BT 523.33 71.30 Td (value,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.49 71.30 Td ( ) Tj ET Q q 0 0 0 rg BT 550.85 71.30 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 96.05 59.30 Td (the ) Tj ET Q q 0 0 0 rg BT 111.51 59.30 Td (following ) Tj ET Q q 0 0 0 rg BT 153.63 59.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 184.08 59.30 Td (for ) Tj ET Q q 0 0 0 rg BT 198.97 59.30 Td (each ) Tj ET Q q 0 0 0 rg BT 220.53 59.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 272.64 59.30 Td (services ) Tj ET Q q 0 0 0 rg BT 308.08 59.30 Td (agreement: ) Tj ET Q q 0 0 0 rg BT 355.74 59.30 Td (availability ) Tj ET Q q 0 0 0 rg BT 403.96 59.30 Td (of ) Tj ET Q q 0 0 0 rg BT 415.53 59.30 Td (the ) Tj ET Q q 0 0 0 rg BT 430.98 59.30 Td (services ) Tj ET Q q 0 0 0 rg BT 466.43 59.30 Td (from ) Tj ET Q q 0 0 0 rg BT 489.10 59.30 Td (other ) Tj ET Q q 0 0 0 rg BT 512.89 59.30 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 550.29 59.30 Td (the ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 77.62 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.08 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.43 740.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 156.44 740.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 194.29 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.86 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.21 740.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 256.46 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.92 740.10 Td (when ) Tj ET Q q 0 0 0 rg BT 292.71 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.06 740.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 360.07 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 395.42 740.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 430.75 740.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.44 740.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 478.68 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.59 740.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 539.38 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.89 728.10 Td (service ) Tj ET Q q 0 0 0 rg BT 131.70 728.10 Td (start ) Tj ET Q q 0 0 0 rg BT 151.42 728.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 707.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.59 707.10 Td (software ) Tj ET Q q 0 0 0 rg BT 125.21 707.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 181.26 707.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.24 707.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 236.76 707.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 274.50 707.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 296.96 707.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 349.68 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.31 707.10 Td (support ) Tj ET Q q 0 0 0 rg BT 398.51 707.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.79 707.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 471.20 707.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.18 707.10 Td (licenses\), ) Tj ET Q q 0 0 0 rg BT 530.86 707.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.70 695.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 97.32 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.63 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.38 695.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 162.11 695.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 200.18 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.04 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.79 695.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 278.29 695.10 Td (when ) Tj ET Q q 0 0 0 rg BT 302.30 695.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 330.94 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.15 695.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 397.37 695.10 Td (using ) Tj ET Q q 0 0 0 rg BT 421.57 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.32 695.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 470.51 695.10 Td (value ) Tj ET Q q 0 0 0 rg BT 494.69 695.10 Td (method ) Tj ET Q q 0 0 0 rg BT 527.22 695.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.52 695.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 89.23 683.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 127.85 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.26 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.56 683.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 171.52 683.10 Td (value ) Tj ET Q q 0 0 0 rg BT 196.26 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.68 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.98 683.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 273.26 683.10 Td (elements, ) Tj ET Q q 0 0 0 rg BT 314.39 683.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.91 683.10 Td (is ) Tj ET Q q 0 0 0 rg BT 351.66 683.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 385.84 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.70 683.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 410.95 683.10 Td (When ) Tj ET Q q 0 0 0 rg BT 437.69 683.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 466.89 683.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.64 683.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.50 683.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 550.29 683.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 75.17 671.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 128.04 671.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.61 671.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 184.38 671.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 215.04 671.10 Td (over ) Tj ET Q q 0 0 0 rg BT 235.72 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.84 671.10 Td (term ) Tj ET Q q 0 0 0 rg BT 272.06 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.42 671.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 336.02 671.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 373.91 671.10 Td (is ) Tj ET Q q 0 0 0 rg BT 383.48 671.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 430.25 671.10 Td (under ) Tj ET Q q 0 0 0 rg BT 455.92 671.10 Td (this ) Tj ET Q q 0 0 0 rg BT 473.27 671.10 Td (model ) Tj ET Q q 0 0 0 rg BT 501.17 671.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 524.07 671.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 554.18 671.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.58 659.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 106.32 659.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.06 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.59 659.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 181.55 659.10 Td (if ) Tj ET Q q 0 0 0 rg BT 189.96 659.10 Td (collectability ) Tj ET Q q 0 0 0 rg BT 244.47 659.10 Td (is ) Tj ET Q q 0 0 0 rg BT 253.45 659.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.54 659.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 314.16 659.10 Td (assured ) Tj ET Q q 0 0 0 rg BT 346.46 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.20 659.10 Td (when ) Tj ET Q q 0 0 0 rg BT 387.17 659.10 Td (other ) Tj ET Q q 0 0 0 rg BT 410.02 659.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 443.98 659.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 491.82 659.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 522.44 659.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 659.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 69.92 647.10 Td (The ) Tj ET Q q 0 0 0 rg BT 88.38 647.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 117.65 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.12 647.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 146.15 647.10 Td (value ) Tj ET Q q 0 0 0 rg BT 170.95 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.76 647.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 239.44 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.02 647.10 Td (support ) Tj ET Q q 0 0 0 rg BT 290.17 647.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 337.76 647.10 Td (related ) Tj ET Q q 0 0 0 rg BT 368.12 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.04 647.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 413.85 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.66 647.10 Td (based ) Tj ET Q q 0 0 0 rg BT 449.58 647.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 472.73 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.09 647.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.12 647.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 535.49 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 647.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 84.42 635.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 118.24 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.73 635.10 Td (these ) Tj ET Q q 0 0 0 rg BT 151.45 635.10 Td (services ) Tj ET Q q 0 0 0 rg BT 185.82 635.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.99 635.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 243.21 635.10 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 297.01 635.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 334.72 635.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.09 635.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 395.13 635.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 425.06 635.10 Td (over ) Tj ET Q q 0 0 0 rg BT 444.99 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.38 635.10 Td (period ) Tj ET Q q 0 0 0 rg BT 487.09 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.59 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.98 635.10 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (contract.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 596.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.11 596.80 Td (T) Tj ET Q q 0 0 0 rg BT 90.30 596.80 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 580.40 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 580.40 Td (e ) Tj ET Q q 0 0 0 rg BT 86.96 580.40 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.44 580.40 Td (for ) Tj ET Q q 0 0 0 rg BT 132.48 580.40 Td (income ) Tj ET Q q 0 0 0 rg BT 163.30 580.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 185.23 580.40 Td (under ) Tj ET Q q 0 0 0 rg BT 209.38 580.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.98 580.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.80 580.40 Td (and ) Tj ET Q q 0 0 0 rg BT 259.62 580.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 292.11 580.40 Td (method, ) Tj ET Q q 0 0 0 rg BT 325.99 580.40 Td (which ) Tj ET Q q 0 0 0 rg BT 351.81 580.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 385.40 580.40 Td (the ) Tj ET Q q 0 0 0 rg BT 399.00 580.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 445.93 580.40 Td (of ) Tj ET Q q 0 0 0 rg BT 455.64 580.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 477.57 580.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 510.05 580.40 Td (or ) Tj ET Q q 0 0 0 rg BT 519.76 580.40 Td (refundable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.40 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 568.40 Td (the ) Tj ET Q q 0 0 0 rg BT 78.46 568.40 Td (current ) Tj ET Q q 0 0 0 rg BT 109.31 568.40 Td (year) Tj ET Q q 0 0 0 rg BT 126.12 568.40 Td (, ) Tj ET Q q 0 0 0 rg BT 131.16 568.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.14 568.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 183.99 568.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 198.74 568.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 238.50 568.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.48 568.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 281.35 568.40 Td (for ) Tj ET Q q 0 0 0 rg BT 295.55 568.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.31 568.40 Td (future ) Tj ET Q q 0 0 0 rg BT 336.73 568.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.48 568.40 Td (consequences ) Tj ET Q q 0 0 0 rg BT 409.00 568.40 Td (of ) Tj ET Q q 0 0 0 rg BT 419.87 568.40 Td (events ) Tj ET Q q 0 0 0 rg BT 447.96 568.40 Td (that ) Tj ET Q q 0 0 0 rg BT 465.49 568.40 Td (have ) Tj ET Q q 0 0 0 rg BT 486.91 568.40 Td (been ) Tj ET Q q 0 0 0 rg BT 508.33 568.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.73 568.40 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 568.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.40 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.48 556.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 103.11 556.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.97 556.40 Td (or ) Tj ET Q q 0 0 0 rg BT 158.94 556.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.81 556.40 Td (returns. ) Tj ET Q q 0 0 0 rg BT 206.53 556.40 Td (The ) Tj ET Q q 0 0 0 rg BT 224.73 556.40 Td (measurement ) Tj ET Q q 0 0 0 rg BT 280.69 556.40 Td (of ) Tj ET Q q 0 0 0 rg BT 291.67 556.40 Td (current ) Tj ET Q q 0 0 0 rg BT 322.63 556.40 Td (and ) Tj ET Q q 0 0 0 rg BT 339.72 556.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 375.67 556.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.53 556.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 430.40 556.40 Td (and ) Tj ET Q q 0 0 0 rg BT 447.48 556.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.46 556.40 Td (is ) Tj ET Q q 0 0 0 rg BT 482.78 556.40 Td (based ) Tj ET Q q 0 0 0 rg BT 508.20 556.40 Td (on ) Tj ET Q q 0 0 0 rg BT 520.85 556.40 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.37 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 75.12 544.40 Td (enacted ) Tj ET Q q 0 0 0 rg BT 108.19 544.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.95 544.40 Td (law; ) Tj ET Q q 0 0 0 rg BT 142.70 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.46 544.40 Td (ef) Tj ET Q q 0 0 0 rg BT 165.05 544.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 186.46 544.40 Td (of ) Tj ET Q q 0 0 0 rg BT 197.33 544.40 Td (future ) Tj ET Q q 0 0 0 rg BT 223.74 544.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 258.49 544.40 Td (in ) Tj ET Q q 0 0 0 rg BT 268.81 544.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.56 544.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 304.43 544.40 Td (or ) Tj ET Q q 0 0 0 rg BT 315.30 544.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 336.71 544.40 Td (are ) Tj ET Q q 0 0 0 rg BT 351.46 544.40 Td (not ) Tj ET Q q 0 0 0 rg BT 366.77 544.40 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 415.50 544.40 Td (V) Tj ET Q q 0 0 0 rg BT 421.61 544.40 Td (aluation ) Tj ET Q q 0 0 0 rg BT 456.36 544.40 Td (allowances ) Tj ET Q q 0 0 0 rg BT 503.32 544.40 Td (are ) Tj ET Q q 0 0 0 rg BT 518.07 544.40 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.40 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 532.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 115.03 532.40 Td (to ) Tj ET Q q 0 0 0 rg BT 125.31 532.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 154.45 532.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 190.26 532.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.97 532.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.80 532.40 Td (to ) Tj ET Q q 0 0 0 rg BT 241.08 532.40 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 532.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 288.29 532.40 Td (that) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.29 532.40 Td ( ) Tj ET Q q 0 0 0 rg BT 305.79 532.40 Td (we ) Tj ET Q q 0 0 0 rg BT 319.95 532.40 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.32 532.40 Td (is ) Tj ET Q q 0 0 0 rg BT 360.49 532.40 Td (more ) Tj ET Q q 0 0 0 rg BT 383.54 532.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 408.81 532.40 Td (than ) Tj ET Q q 0 0 0 rg BT 428.53 532.40 Td (not ) Tj ET Q q 0 0 0 rg BT 443.81 532.40 Td (to ) Tj ET Q q 0 0 0 rg BT 454.08 532.40 Td (be ) Tj ET Q q 0 0 0 rg BT 466.02 532.40 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.16 532.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 516.00 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 516.00 Td (e ) Tj ET Q q 0 0 0 rg BT 89.06 516.00 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.96 516.00 Td (in ) Tj ET Q q 0 0 0 rg BT 133.22 516.00 Td (various ) Tj ET Q q 0 0 0 rg BT 166.14 516.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.84 516.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 234.77 516.00 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.20 516.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.69 516.00 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.37 516.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 300.18 516.00 Td (to ) Tj ET Q q 0 0 0 rg BT 311.44 516.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 334.92 516.00 Td (by ) Tj ET Q q 0 0 0 rg BT 348.40 516.00 Td (various ) Tj ET Q q 0 0 0 rg BT 381.32 516.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 397.02 516.00 Td (authorities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.73 516.00 Td ( ) Tj ET Q q 0 0 0 rg BT 444.96 516.00 Td (W) Tj ET Q q 0 0 0 rg BT 453.60 516.00 Td (e ) Tj ET Q q 0 0 0 rg BT 461.52 516.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 495.54 516.00 Td (for ) Tj ET Q q 0 0 0 rg BT 510.69 516.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.38 516.00 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.00 Td (whenever ) Tj ET Q q 0 0 0 rg BT 90.65 504.00 Td (it ) Tj ET Q q 0 0 0 rg BT 98.49 504.00 Td (is ) Tj ET Q q 0 0 0 rg BT 107.44 504.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 140.82 504.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 165.87 504.00 Td (that ) Tj ET Q q 0 0 0 rg BT 183.15 504.00 Td (a ) Tj ET Q q 0 0 0 rg BT 189.87 504.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.37 504.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 226.09 504.00 Td (has ) Tj ET Q q 0 0 0 rg BT 241.71 504.00 Td (been ) Tj ET Q q 0 0 0 rg BT 262.87 504.00 Td (impaired ) Tj ET Q q 0 0 0 rg BT 300.69 504.00 Td (or ) Tj ET Q q 0 0 0 rg BT 311.30 504.00 Td (a ) Tj ET Q q 0 0 0 rg BT 318.03 504.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 332.52 504.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 365.92 504.00 Td (has ) Tj ET Q q 0 0 0 rg BT 381.53 504.00 Td (been ) Tj ET Q q 0 0 0 rg BT 402.69 504.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 438.29 504.00 Td (for ) Tj ET Q q 0 0 0 rg BT 452.23 504.00 Td (events ) Tj ET Q q 0 0 0 rg BT 480.06 504.00 Td (such ) Tj ET Q q 0 0 0 rg BT 500.67 504.00 Td (as ) Tj ET Q q 0 0 0 rg BT 511.28 504.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.78 504.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 554.17 504.00 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.71 492.00 Td (in ) Tj ET Q q 0 0 0 rg BT 95.49 492.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.71 492.00 Td (laws. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 492.00 Td (A) Tj ET Q q 0 0 0 rg BT 140.55 492.00 Td ( ) Tj ET Q q 0 0 0 rg BT 143.55 492.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.77 492.00 Td (position ) Tj ET Q q 0 0 0 rg BT 194.00 492.00 Td (is ) Tj ET Q q 0 0 0 rg BT 203.68 492.00 Td (only ) Tj ET Q q 0 0 0 rg BT 224.46 492.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 271.32 492.00 Td (in ) Tj ET Q q 0 0 0 rg BT 282.10 492.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.32 492.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.31 492.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 380.52 492.00 Td (if ) Tj ET Q q 0 0 0 rg BT 389.63 492.00 Td (it ) Tj ET Q q 0 0 0 rg BT 398.19 492.00 Td (is ) Tj ET Q q 0 0 0 rg BT 407.87 492.00 Td (more ) Tj ET Q q 0 0 0 rg BT 435.85 492.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 461.63 492.00 Td (than ) Tj ET Q q 0 0 0 rg BT 481.85 492.00 Td (not ) Tj ET Q q 0 0 0 rg BT 502.07 492.00 Td (to ) Tj ET Q q 0 0 0 rg BT 512.85 492.00 Td (be ) Tj ET Q q 0 0 0 rg BT 525.29 492.00 Td (sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.00 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 480.00 Td (solely ) Tj ET Q q 0 0 0 rg BT 101.16 480.00 Td (on ) Tj ET Q q 0 0 0 rg BT 113.66 480.00 Td (its ) Tj ET Q q 0 0 0 rg BT 125.60 480.00 Td (technical ) Tj ET Q q 0 0 0 rg BT 164.19 480.00 Td (merits ) Tj ET Q q 0 0 0 rg BT 191.69 480.00 Td (as ) Tj ET Q q 0 0 0 rg BT 202.52 480.00 Td (of ) Tj ET Q q 0 0 0 rg BT 213.35 480.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.06 480.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 267.22 480.00 Td (date.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 458.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 458.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.46 458.10 Td (consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.22 458.10 Td (many ) Tj ET Q q 0 0 0 rg BT 150.32 458.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 180.41 458.10 Td (when ) Tj ET Q q 0 0 0 rg BT 204.95 458.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 249.49 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.81 458.10 Td (estimating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.47 458.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.35 458.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.57 458.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.67 458.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 381.67 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.99 458.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.09 458.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 451.13 458.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.45 458.10 Td (may ) Tj ET Q q 0 0 0 rg BT 498.55 458.10 Td (require ) Tj ET Q q 0 0 0 rg BT 529.75 458.10 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.27 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.83 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.83 446.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.82 446.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.60 446.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.93 446.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 222.57 446.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 264.00 446.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 290.42 446.10 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 333.81 446.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 351.92 446.10 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 398.64 446.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 450.65 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.64 446.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 507.41 446.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 539.95 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 446.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.40 434.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 120.75 434.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.99 434.10 Td (income ) Tj ET Q q 0 0 0 rg BT 167.01 434.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.80 434.10 Td (take ) Tj ET Q q 0 0 0 rg BT 201.04 434.10 Td (into ) Tj ET Q q 0 0 0 rg BT 219.17 434.10 Td (account ) Tj ET Q q 0 0 0 rg BT 252.85 434.10 Td (current ) Tj ET Q q 0 0 0 rg BT 283.74 434.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.54 434.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 321.95 434.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.86 434.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 394.30 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.21 434.10 Td (current ) Tj ET Q q 0 0 0 rg BT 436.11 434.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 450.91 434.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 471.81 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.83 434.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 524.19 434.10 Td (outcomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.51 422.10 Td (current ) Tj ET Q q 0 0 0 rg BT 91.50 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.62 422.10 Td (future ) Tj ET Q q 0 0 0 rg BT 135.17 422.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 161.73 422.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 205.50 422.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.18 422.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 256.96 422.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.86 422.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 319.25 422.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 356.36 422.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.82 422.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.71 422.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 402.72 422.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.73 422.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.73 422.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 486.28 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.29 422.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 512.18 422.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 533.19 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 422.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 92.14 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.11 410.10 Td (current ) Tj ET Q q 0 0 0 rg BT 134.07 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.16 410.10 Td (future ) Tj ET Q q 0 0 0 rg BT 177.68 410.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 192.54 410.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 219.07 410.10 Td (could ) Tj ET Q q 0 0 0 rg BT 243.93 410.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 296.56 410.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 326.42 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.28 410.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 377.81 410.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 416.00 410.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.31 410.10 Td (income ) Tj ET Q q 0 0 0 rg BT 462.38 410.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 485.57 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.00 410.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.97 410.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.42 398.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 109.24 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.06 398.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.99 398.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.58 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.30 398.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 297.22 398.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 331.36 398.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.00 398.10 Td (e ) Tj ET Q q 0 0 0 rg BT 346.82 398.10 Td (must ) Tj ET Q q 0 0 0 rg BT 368.65 398.10 Td (also ) Tj ET Q q 0 0 0 rg BT 387.15 398.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 413.97 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.58 398.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 471.51 398.10 Td (that ) Tj ET Q q 0 0 0 rg BT 488.89 398.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 524.58 398.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 539.18 398.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 386.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 386.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 113.64 386.10 Td (from ) Tj ET Q q 0 0 0 rg BT 135.57 386.10 Td (future ) Tj ET Q q 0 0 0 rg BT 161.95 386.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 193.32 386.10 Td (income ) Tj ET Q q 0 0 0 rg BT 225.26 386.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 244.70 386.10 Td (based ) Tj ET Q q 0 0 0 rg BT 269.96 386.10 Td (on ) Tj ET Q q 0 0 0 rg BT 282.46 386.10 Td (this ) Tj ET Q q 0 0 0 rg BT 299.41 386.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 348.85 386.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 386.35 386.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.28 386.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 433.00 386.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 478.53 386.10 Td (if ) Tj ET Q q 0 0 0 rg BT 487.14 386.10 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 364.20 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.63 364.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 148.74 364.20 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.07 364.20 Td ( ) Tj ET Q q 0 0 0 rg BT 159.65 364.20 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.56 364.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 215.35 364.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 258.46 364.20 Td (is ) Tj ET Q q 0 0 0 rg BT 267.70 364.20 Td (based ) Tj ET Q q 0 0 0 rg BT 293.05 364.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 315.63 364.20 Td (a ) Tj ET Q q 0 0 0 rg BT 322.64 364.20 Td (number ) Tj ET Q q 0 0 0 rg BT 355.77 364.20 Td (of ) Tj ET Q q 0 0 0 rg BT 366.67 364.20 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 421.20 364.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 465.44 364.20 Td (and ) Tj ET Q q 0 0 0 rg BT 482.46 364.20 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 524.75 364.20 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.20 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 94.77 352.20 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 135.34 352.20 Td (future ) Tj ET Q q 0 0 0 rg BT 163.41 352.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 196.47 352.20 Td (income ) Tj ET Q q 0 0 0 rg BT 230.10 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 248.73 352.20 Td (the ) Tj ET Q q 0 0 0 rg BT 265.14 352.20 Td (relative ) Tj ET Q q 0 0 0 rg BT 299.31 352.20 Td (proportions ) Tj ET Q q 0 0 0 rg BT 349.61 352.20 Td (of ) Tj ET Q q 0 0 0 rg BT 362.13 352.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 397.96 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 416.59 352.20 Td (income ) Tj ET Q q 0 0 0 rg BT 450.22 352.20 Td (before ) Tj ET Q q 0 0 0 rg BT 479.95 352.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 504.68 352.20 Td (in ) Tj ET Q q 0 0 0 rg BT 516.65 352.20 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 352.20 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 101.20 340.20 Td (in ) Tj ET Q q 0 0 0 rg BT 111.24 340.20 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.68 340.20 Td ( ) Tj ET Q q 0 0 0 rg BT 137.94 340.20 Td (we ) Tj ET Q q 0 0 0 rg BT 151.85 340.20 Td (operate. ) Tj ET Q q 0 0 0 rg BT 185.87 340.20 Td (T) Tj ET Q q 0 0 0 rg BT 191.28 340.20 Td (o ) Tj ET Q q 0 0 0 rg BT 198.54 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.02 340.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 239.71 340.20 Td (we ) Tj ET Q q 0 0 0 rg BT 253.63 340.20 Td (establish ) Tj ET Q q 0 0 0 rg BT 290.88 340.20 Td (a ) Tj ET Q q 0 0 0 rg BT 297.58 340.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 337.05 340.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 379.84 340.20 Td (or ) Tj ET Q q 0 0 0 rg BT 390.43 340.20 Td (change ) Tj ET Q q 0 0 0 rg BT 421.00 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.47 340.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 474.94 340.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 517.74 340.20 Td (in ) Tj ET Q q 0 0 0 rg BT 527.77 340.20 Td (a ) Tj ET Q q 0 0 0 rg BT 534.47 340.20 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.20 Td (we ) Tj ET Q q 0 0 0 rg BT 62.56 328.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 89.49 328.20 Td (the ) Tj ET Q q 0 0 0 rg BT 103.10 328.20 Td (change ) Tj ET Q q 0 0 0 rg BT 132.81 328.20 Td (with ) Tj ET Q q 0 0 0 rg BT 151.99 328.20 Td (a ) Tj ET Q q 0 0 0 rg BT 157.82 328.20 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 216.42 328.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 250.57 328.20 Td (or ) Tj ET Q q 0 0 0 rg BT 260.30 328.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 296.11 328.20 Td (to ) Tj ET Q q 0 0 0 rg BT 305.29 328.20 Td (our ) Tj ET Q q 0 0 0 rg BT 320.01 328.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 333.63 328.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 372.80 328.20 Td (in ) Tj ET Q q 0 0 0 rg BT 381.98 328.20 Td (our ) Tj ET Q q 0 0 0 rg BT 396.70 328.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.64 328.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 492.25 328.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.98 328.20 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.20 Td (income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 289.90 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 103.44 289.90 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 272.90 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 272.90 Td (e ) Tj ET Q q 0 0 0 rg BT 89.22 272.90 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.73 272.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.92 272.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 223.77 272.90 Td (related ) Tj ET Q q 0 0 0 rg BT 253.62 272.90 Td (to ) Tj ET Q q 0 0 0 rg BT 264.04 272.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 287.79 272.90 Td (option ) Tj ET Q q 0 0 0 rg BT 316.00 272.90 Td (grants ) Tj ET Q q 0 0 0 rg BT 343.08 272.90 Td (that ) Tj ET Q q 0 0 0 rg BT 360.72 272.90 Td (are ) Tj ET Q q 0 0 0 rg BT 375.57 272.90 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 418.77 272.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 456.94 272.90 Td (to ) Tj ET Q q 0 0 0 rg BT 467.37 272.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 486.12 272.90 Td (based ) Tj ET Q q 0 0 0 rg BT 511.54 272.90 Td (on ) Tj ET Q q 0 0 0 rg BT 524.18 272.90 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.69 260.90 Td (values ) Tj ET Q q 0 0 0 rg BT 93.55 260.90 Td (on ) Tj ET Q q 0 0 0 rg BT 105.87 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 120.40 260.90 Td (date ) Tj ET Q q 0 0 0 rg BT 139.37 260.90 Td (of ) Tj ET Q q 0 0 0 rg BT 150.01 260.90 Td (grant ) Tj ET Q q 0 0 0 rg BT 172.87 260.90 Td (using ) Tj ET Q q 0 0 0 rg BT 196.86 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.39 260.90 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 271.47 260.90 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 330.99 260.90 Td (model. ) Tj ET Q q 0 0 0 rg BT 360.80 260.90 Td (Such ) Tj ET Q q 0 0 0 rg BT 383.12 260.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.64 260.90 Td (is ) Tj ET Q q 0 0 0 rg BT 426.62 260.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 472.80 260.90 Td (on ) Tj ET Q q 0 0 0 rg BT 485.12 260.90 Td (a ) Tj ET Q q 0 0 0 rg BT 491.87 260.90 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.50 260.90 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.90 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 248.90 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 248.90 Td (requisite ) Tj ET Q q 0 0 0 rg BT 121.42 248.90 Td (service ) Tj ET Q q 0 0 0 rg BT 152.23 248.90 Td (period ) Tj ET Q q 0 0 0 rg BT 180.28 248.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.11 248.90 Td (the ) Tj ET Q q 0 0 0 rg BT 205.83 248.90 Td (award, ) Tj ET Q q 0 0 0 rg BT 235.26 248.90 Td (which ) Tj ET Q q 0 0 0 rg BT 262.20 248.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 301.90 248.90 Td (equals ) Tj ET Q q 0 0 0 rg BT 329.94 248.90 Td (the ) Tj ET Q q 0 0 0 rg BT 344.66 248.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 376.05 248.90 Td (period.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 231.90 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 231.90 Td (e ) Tj ET Q q 0 0 0 rg BT 88.97 231.90 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.22 231.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.15 231.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 222.74 231.90 Td (related ) Tj ET Q q 0 0 0 rg BT 252.34 231.90 Td (to ) Tj ET Q q 0 0 0 rg BT 262.50 231.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 302.09 231.90 Td (awards, ) Tj ET Q q 0 0 0 rg BT 335.30 231.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 374.90 231.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.39 231.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 416.34 231.90 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.66 231.90 Td (, ) Tj ET Q q 0 0 0 rg BT 449.55 231.90 Td (or ) Tj ET Q q 0 0 0 rg BT 460.27 231.90 Td (RSUs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 231.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 541.41 231.90 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.90 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.82 219.90 Td (, ) Tj ET Q q 0 0 0 rg BT 82.69 219.90 Td (or ) Tj ET Q q 0 0 0 rg BT 93.39 219.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 146.32 219.90 Td (A) Tj ET Q q 0 0 0 rg BT 152.62 219.90 Td (wards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.38 219.90 Td (based ) Tj ET Q q 0 0 0 rg BT 206.51 219.90 Td (on ) Tj ET Q q 0 0 0 rg BT 218.88 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 233.47 219.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 249.72 219.90 Td (market ) Tj ET Q q 0 0 0 rg BT 279.85 219.90 Td (value ) Tj ET Q q 0 0 0 rg BT 303.87 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 314.57 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 329.16 219.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 374.86 219.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.22 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 412.92 219.90 Td (common ) Tj ET Q q 0 0 0 rg BT 450.28 219.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 473.76 219.90 Td (as ) Tj ET Q q 0 0 0 rg BT 484.46 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 495.16 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 509.74 219.90 Td (date ) Tj ET Q q 0 0 0 rg BT 528.77 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 539.47 219.90 Td (grant. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.90 Td (Expense ) Tj ET Q q 0 0 0 rg BT 85.93 207.90 Td (related ) Tj ET Q q 0 0 0 rg BT 115.68 207.90 Td (to ) Tj ET Q q 0 0 0 rg BT 126.00 207.90 Td (the ) Tj ET Q q 0 0 0 rg BT 140.77 207.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 180.52 207.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 211.39 207.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.38 207.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.14 207.90 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 269.04 207.90 Td (are ) Tj ET Q q 0 0 0 rg BT 283.79 207.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 330.20 207.90 Td (on ) Tj ET Q q 0 0 0 rg BT 342.75 207.90 Td (a ) Tj ET Q q 0 0 0 rg BT 349.74 207.90 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 400.61 207.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 423.16 207.90 Td (over ) Tj ET Q q 0 0 0 rg BT 443.47 207.90 Td (the ) Tj ET Q q 0 0 0 rg BT 458.24 207.90 Td (requisite ) Tj ET Q q 0 0 0 rg BT 495.22 207.90 Td (service ) Tj ET Q q 0 0 0 rg BT 526.09 207.90 Td (period ) Tj ET Q q 0 0 0 rg BT 554.18 207.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.10 195.90 Td (award, ) Tj ET Q q 0 0 0 rg BT 93.42 195.90 Td (which ) Tj ET Q q 0 0 0 rg BT 120.25 195.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 159.84 195.90 Td (equals ) Tj ET Q q 0 0 0 rg BT 187.77 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 202.38 195.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 233.65 195.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 264.08 195.90 Td (Expense ) Tj ET Q q 0 0 0 rg BT 300.35 195.90 Td (related ) Tj ET Q q 0 0 0 rg BT 329.94 195.90 Td (to ) Tj ET Q q 0 0 0 rg BT 340.11 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 354.71 195.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 407.65 195.90 Td (A) Tj ET Q q 0 0 0 rg BT 413.96 195.90 Td (wards ) Tj ET Q q 0 0 0 rg BT 440.23 195.90 Td (is ) Tj ET Q q 0 0 0 rg BT 449.29 195.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 495.54 195.90 Td (under ) Tj ET Q q 0 0 0 rg BT 520.69 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.30 195.90 Td (graded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 80.07 183.90 Td (method ) Tj ET Q q 0 0 0 rg BT 111.75 183.90 Td (over ) Tj ET Q q 0 0 0 rg BT 131.20 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 145.10 183.90 Td (requisite ) Tj ET Q q 0 0 0 rg BT 181.21 183.90 Td (service ) Tj ET Q q 0 0 0 rg BT 211.21 183.90 Td (period ) Tj ET Q q 0 0 0 rg BT 238.44 183.90 Td (of ) Tj ET Q q 0 0 0 rg BT 248.45 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 262.35 183.90 Td (award, ) Tj ET Q q 0 0 0 rg BT 290.96 183.90 Td (which ) Tj ET Q q 0 0 0 rg BT 317.08 183.90 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 361.52 183.90 Td (a ) Tj ET Q q 0 0 0 rg BT 367.64 183.90 Td (lar) Tj ET Q q 0 0 0 rg BT 378.00 183.90 Td (ger ) Tj ET Q q 0 0 0 rg BT 392.45 183.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 423.02 183.90 Td (of ) Tj ET Q q 0 0 0 rg BT 433.04 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 446.93 183.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 480.82 183.90 Td (during ) Tj ET Q q 0 0 0 rg BT 508.61 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 522.51 183.90 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 74.97 171.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 106.32 171.90 Td (period ) Tj ET Q q 0 0 0 rg BT 134.33 171.90 Td (than ) Tj ET Q q 0 0 0 rg BT 154.01 171.90 Td (in ) Tj ET Q q 0 0 0 rg BT 164.25 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 178.93 171.90 Td (end ) Tj ET Q q 0 0 0 rg BT 195.83 171.90 Td (of ) Tj ET Q q 0 0 0 rg BT 206.62 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 221.30 171.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 252.65 171.90 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.70 171.90 Td ( ) Tj ET Q q 0 0 0 rg BT 282.98 171.90 Td (W) Tj ET Q q 0 0 0 rg BT 291.62 171.90 Td (e ) Tj ET Q q 0 0 0 rg BT 298.52 171.90 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.30 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 348.98 171.90 Td (probable ) Tj ET Q q 0 0 0 rg BT 386.43 171.90 Td (number ) Tj ET Q q 0 0 0 rg BT 419.44 171.90 Td (of ) Tj ET Q q 0 0 0 rg BT 430.23 171.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 457.68 171.90 Td (of ) Tj ET Q q 0 0 0 rg BT 468.48 171.90 Td (common ) Tj ET Q q 0 0 0 rg BT 505.93 171.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 529.51 171.90 Td (that ) Tj ET Q q 0 0 0 rg BT 546.96 171.90 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.90 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 159.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 93.92 159.90 Td (until ) Tj ET Q q 0 0 0 rg BT 114.76 159.90 Td (the ) Tj ET Q q 0 0 0 rg BT 129.48 159.90 Td (achievement ) Tj ET Q q 0 0 0 rg BT 182.50 159.90 Td (of ) Tj ET Q q 0 0 0 rg BT 193.33 159.90 Td (the ) Tj ET Q q 0 0 0 rg BT 208.05 159.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 261.07 159.90 Td (goals ) Tj ET Q q 0 0 0 rg BT 284.68 159.90 Td (is ) Tj ET Q q 0 0 0 rg BT 293.85 159.90 Td (known.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 142.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.76 142.90 Td (date ) Tj ET Q q 0 0 0 rg BT 111.13 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 122.18 142.90 Td (grant ) Tj ET Q q 0 0 0 rg BT 145.44 142.90 Td (is ) Tj ET Q q 0 0 0 rg BT 154.82 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 169.75 142.90 Td (date ) Tj ET Q q 0 0 0 rg BT 189.13 142.90 Td (at ) Tj ET Q q 0 0 0 rg BT 199.06 142.90 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 142.90 Td ( ) Tj ET Q q 0 0 0 rg BT 226.21 142.90 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.58 142.90 Td (and ) Tj ET Q q 0 0 0 rg BT 257.74 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 272.67 142.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 314.26 142.90 Td (reach ) Tj ET Q q 0 0 0 rg BT 338.62 142.90 Td (a ) Tj ET Q q 0 0 0 rg BT 345.77 142.90 Td (mutual ) Tj ET Q q 0 0 0 rg BT 376.26 142.90 Td (understanding ) Tj ET Q q 0 0 0 rg BT 435.63 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 446.67 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 461.61 142.90 Td (key ) Tj ET Q q 0 0 0 rg BT 478.76 142.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 503.69 142.90 Td (and ) Tj ET Q q 0 0 0 rg BT 520.84 142.90 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 130.90 Td (the ) Tj ET Q q 0 0 0 rg BT 75.27 130.90 Td (award, ) Tj ET Q q 0 0 0 rg BT 104.81 130.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 152.95 130.90 Td (approvals ) Tj ET Q q 0 0 0 rg BT 194.43 130.90 Td (are ) Tj ET Q q 0 0 0 rg BT 209.25 130.90 Td (received ) Tj ET Q q 0 0 0 rg BT 245.72 130.90 Td (by ) Tj ET Q q 0 0 0 rg BT 258.33 130.90 Td (approval ) Tj ET Q q 0 0 0 rg BT 295.93 130.90 Td (by ) Tj ET Q q 0 0 0 rg BT 308.54 130.90 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 130.90 Td (board ) Tj ET Q q 0 0 0 rg BT 348.74 130.90 Td (of ) Tj ET Q q 0 0 0 rg BT 359.68 130.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 397.28 130.90 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.72 130.90 Td ( ) Tj ET Q q 0 0 0 rg BT 414.33 130.90 Td (we ) Tj ET Q q 0 0 0 rg BT 428.60 130.90 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 130.90 Td (contingently ) Tj ET Q q 0 0 0 rg BT 514.90 130.90 Td (obligated ) Tj ET Q q 0 0 0 rg BT 554.72 130.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 72.00 118.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 99.50 118.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 148.66 118.90 Td (to ) Tj ET Q q 0 0 0 rg BT 158.94 118.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.66 118.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 215.03 118.90 Td (who ) Tj ET Q q 0 0 0 rg BT 234.75 118.90 Td (renders ) Tj ET Q q 0 0 0 rg BT 266.68 118.90 Td (the ) Tj ET Q q 0 0 0 rg BT 281.39 118.90 Td (requisite ) Tj ET Q q 0 0 0 rg BT 318.33 118.90 Td (service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.64 118.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 101.90 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 101.90 Td (e ) Tj ET Q q 0 0 0 rg BT 89.67 101.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.97 101.90 Td (required ) Tj ET Q q 0 0 0 rg BT 141.38 101.90 Td (to ) Tj ET Q q 0 0 0 rg BT 152.25 101.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 188.66 101.90 Td (potential ) Tj ET Q q 0 0 0 rg BT 226.74 101.90 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 271.48 101.90 Td (of ) Tj ET Q q 0 0 0 rg BT 282.90 101.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 307.10 101.90 Td (grants ) Tj ET Q q 0 0 0 rg BT 334.63 101.90 Td (and ) Tj ET Q q 0 0 0 rg BT 352.16 101.90 Td (adjust ) Tj ET Q q 0 0 0 rg BT 379.14 101.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.21 101.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 475.84 101.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 495.05 101.90 Td (accordingly) Tj ET Q q 0 0 0 rg BT 541.60 101.90 Td (. ) Tj ET Q q 0 0 0 rg BT 546.97 101.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.51 89.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.53 89.90 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 140.86 89.90 Td (is ) Tj ET Q q 0 0 0 rg BT 150.22 89.90 Td (based ) Tj ET Q q 0 0 0 rg BT 175.67 89.90 Td (on ) Tj ET Q q 0 0 0 rg BT 188.36 89.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 228.26 89.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 274.25 89.90 Td (and ) Tj ET Q q 0 0 0 rg BT 291.38 89.90 Td (is ) Tj ET Q q 0 0 0 rg BT 300.74 89.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 336.75 89.90 Td (over ) Tj ET Q q 0 0 0 rg BT 357.21 89.90 Td (the ) Tj ET Q q 0 0 0 rg BT 372.11 89.90 Td (requisite ) Tj ET Q q 0 0 0 rg BT 409.23 89.90 Td (service ) Tj ET Q q 0 0 0 rg BT 440.23 89.90 Td (period ) Tj ET Q q 0 0 0 rg BT 468.47 89.90 Td (to ) Tj ET Q q 0 0 0 rg BT 478.94 89.90 Td (the ) Tj ET Q q 0 0 0 rg BT 493.84 89.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 520.96 89.90 Td (that ) Tj ET Q q 0 0 0 rg BT 538.65 89.90 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.90 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 94.17 77.90 Td (dif) Tj ET Q q 0 0 0 rg BT 105.10 77.90 Td (fer) Tj ET Q q 0 0 0 rg BT 115.79 77.90 Td (, ) Tj ET Q q 0 0 0 rg BT 121.32 77.90 Td (or ) Tj ET Q q 0 0 0 rg BT 132.67 77.90 Td (are ) Tj ET Q q 0 0 0 rg BT 147.90 77.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 186.45 77.90 Td (to ) Tj ET Q q 0 0 0 rg BT 197.25 77.90 Td (dif) Tj ET Q q 0 0 0 rg BT 208.18 77.90 Td (fer) Tj ET Q q 0 0 0 rg BT 218.88 77.90 Td (, ) Tj ET Q q 0 0 0 rg BT 224.40 77.90 Td (from ) Tj ET Q q 0 0 0 rg BT 246.86 77.90 Td (the ) Tj ET Q q 0 0 0 rg BT 262.10 77.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.56 77.90 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 327.30 77.90 Td (Changes ) Tj ET Q q 0 0 0 rg BT 364.76 77.90 Td (in ) Tj ET Q q 0 0 0 rg BT 375.56 77.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 416.90 77.90 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 461.57 77.90 Td (will ) Tj ET Q q 0 0 0 rg BT 480.15 77.90 Td (be ) Tj ET Q q 0 0 0 rg BT 492.61 77.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.50 77.90 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 77.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.90 Td (period ) Tj ET Q q 0 0 0 rg BT 76.98 65.90 Td (of ) Tj ET Q q 0 0 0 rg BT 87.25 65.90 Td (change ) Tj ET Q q 0 0 0 rg BT 117.50 65.90 Td (and ) Tj ET Q q 0 0 0 rg BT 133.88 65.90 Td (will ) Tj ET Q q 0 0 0 rg BT 151.37 65.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.52 65.90 Td (the ) Tj ET Q q 0 0 0 rg BT 194.67 65.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.60 65.90 Td (of ) Tj ET Q q 0 0 0 rg BT 236.87 65.90 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 286.01 65.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 343.49 65.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 377.63 65.90 Td (to ) Tj ET Q q 0 0 0 rg BT 387.34 65.90 Td (be ) Tj ET Q q 0 0 0 rg BT 398.72 65.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 444.52 65.90 Td (in ) Tj ET Q q 0 0 0 rg BT 454.23 65.90 Td (future ) Tj ET Q q 0 0 0 rg BT 480.04 65.90 Td (periods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.48 65.90 Td (, ) Tj ET Q q 0 0 0 rg BT 513.92 65.90 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 65.90 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 53.90 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 53.90 Td (material ) Tj ET Q q 0 0 0 rg BT 96.70 53.90 Td (if ) Tj ET Q q 0 0 0 rg BT 105.31 53.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 131.68 53.90 Td (results ) Tj ET Q q 0 0 0 rg BT 160.29 53.90 Td (dif) Tj ET Q q 0 0 0 rg BT 171.21 53.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 184.81 53.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 237.30 53.90 Td (from ) Tj ET Q q 0 0 0 rg BT 259.24 53.90 Td (our ) Tj ET Q q 0 0 0 rg BT 275.07 53.90 Td (estimates.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (All ) Tj ET Q q 0 0 0 rg BT 87.76 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.35 740.10 Td (option ) Tj ET Q q 0 0 0 rg BT 139.39 740.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 170.19 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.45 740.10 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 244.03 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 258.72 740.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 301.73 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.87 740.10 Td (at ) Tj ET Q q 0 0 0 rg BT 325.57 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.27 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 356.63 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 380.77 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.58 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.28 740.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 462.63 740.10 Td (received ) Tj ET Q q 0 0 0 rg BT 498.98 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.79 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.49 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 740.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.42 728.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 104.60 728.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 150.57 728.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 181.25 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.77 728.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.49 728.10 Td (using ) Tj ET Q q 0 0 0 rg BT 261.34 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.75 728.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 337.70 728.10 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 398.10 728.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 428.55 728.10 Td (The ) Tj ET Q q 0 0 0 rg BT 447.28 728.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 503.78 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.30 728.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.01 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.64 716.10 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 186.70 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.34 716.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 227.63 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.38 716.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 274.11 716.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 324.85 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 336.15 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.33 716.10 Td (options ) Tj ET Q q 0 0 0 rg BT 383.75 716.10 Td (vest, ) Tj ET Q q 0 0 0 rg BT 405.32 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.73 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.91 716.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.09 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.73 716.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.56 716.10 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 716.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 704.10 Td (services ) Tj ET Q q 0 0 0 rg BT 112.25 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.96 704.10 Td (rendered.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 682.20 Td (The ) Tj ET Q q 0 0 0 rg BT 90.68 682.20 Td (following ) Tj ET Q q 0 0 0 rg BT 132.21 682.20 Td (table ) Tj ET Q q 0 0 0 rg BT 154.27 682.20 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 204.67 682.20 Td (the ) Tj ET Q q 0 0 0 rg BT 219.53 682.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 271.61 682.20 Td (used ) Tj ET Q q 0 0 0 rg BT 292.58 682.20 Td (in ) Tj ET Q q 0 0 0 rg BT 302.99 682.20 Td (the ) Tj ET Q q 0 0 0 rg BT 317.84 682.20 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 378.24 682.20 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 438.09 682.20 Td (model ) Tj ET Q q 0 0 0 rg BT 465.72 682.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 498.90 682.20 Td (to ) Tj ET Q q 0 0 0 rg BT 509.31 682.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 533.06 682.20 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 670.20 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 670.20 Td (years ) Tj ET Q q 0 0 0 rg BT 98.09 670.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.47 670.20 Td (December ) Tj ET Q q 0 0 0 rg BT 168.05 670.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 183.05 670.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 208.05 670.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 230.55 670.20 Td (and ) Tj ET Q q 0 0 0 rg BT 247.49 670.20 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.49 670.20 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 629.70 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 629.70 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 629.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 629.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 629.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 629.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 629.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 629.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 629.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 599.70 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 599.70 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 599.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 599.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 599.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 599.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 599.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 599.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 599.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 569.70 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 569.70 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 569.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 569.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 569.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 569.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 569.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 569.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 569.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 539.70 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 539.70 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 539.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 539.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 539.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 539.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 539.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 539.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 539.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 509.70 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 509.70 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 509.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 509.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 509.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 509.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 509.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 509.70 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 509.70 13.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 644.7 m 406 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 644.7 m 419 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 644.7 m 423 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 644.7 m 478 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 644.7 m 491 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 644.7 m 495 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 644.7 m 550 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 644.7 m 563 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 629.7 m 406 629.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 629.7 m 419 629.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 629.7 m 478 629.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 629.7 m 491 629.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 644.7 m 550 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 629.7 m 550 629.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 644.7 m 563 644.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 629.7 m 563 629.7 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.37 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 649.37 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.10 648.93 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 634.37 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 634.37 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 633.93 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 633.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 633.93 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 620.27 Td (Stock option plans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 605.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 604.37 Td (1.55-2.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 604.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 604.37 Td (0.95-1.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 604.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 604.37 Td (0.74-1.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 604.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 590.27 Td (Expected life of options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 589.37 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 589.37 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 589.37 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 575.27 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 574.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 574.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 574.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 574.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 574.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 574.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 560.27 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 559.37 Td (49-53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 559.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 559.37 Td (50-52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 559.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 559.37 Td (52-59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 559.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 545.27 Td (Employee Stock Purchase Plan: \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 530.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 529.37 Td (0.05-0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 529.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 529.37 Td (0.05-0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 529.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 529.37 Td (0.13-0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 529.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 515.27 Td (Expected life of options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 514.37 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 514.37 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 514.37 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 500.27 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 499.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 499.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 499.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 499.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 499.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 499.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 485.27 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 484.37 Td (38-39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 484.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 484.37 Td (36-37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 484.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 484.37 Td (37-47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 484.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 453.90 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 91.23 453.90 Td (and ) Tj ET Q q 0 0 0 rg BT 109.29 453.90 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 154.21 453.90 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 437.50 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 113.44 437.50 Td (and ) Tj ET Q q 0 0 0 rg BT 131.03 437.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 174.18 437.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.67 437.50 Td (are ) Tj ET Q q 0 0 0 rg BT 216.04 437.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 242.52 437.50 Td (at ) Tj ET Q q 0 0 0 rg BT 252.89 437.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 272.16 437.50 Td (less ) Tj ET Q q 0 0 0 rg BT 290.32 437.50 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 344.00 437.50 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 400.20 437.50 Td (as ) Tj ET Q q 0 0 0 rg BT 411.69 437.50 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 462.88 437.50 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 506.58 437.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 533.07 437.50 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 92.72 425.50 Td (technology) Tj ET Q q 0 0 0 rg BT 136.50 425.50 Td (, ) Tj ET Q q 0 0 0 rg BT 141.13 425.50 Td (trade ) Tj ET Q q 0 0 0 rg BT 163.24 425.50 Td (names ) Tj ET Q q 0 0 0 rg BT 190.91 425.50 Td (and ) Tj ET Q q 0 0 0 rg BT 207.48 425.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 246.26 425.50 Td (lists ) Tj ET Q q 0 0 0 rg BT 264.50 425.50 Td (and ) Tj ET Q q 0 0 0 rg BT 281.06 425.50 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 321.78 425.50 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 364.45 425.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 389.91 425.50 Td (with ) Tj ET Q q 0 0 0 rg BT 409.81 425.50 Td (finite ) Tj ET Q q 0 0 0 rg BT 433.04 425.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 454.05 425.50 Td (are ) Tj ET Q q 0 0 0 rg BT 468.38 425.50 Td (amortized ) Tj ET Q q 0 0 0 rg BT 510.49 425.50 Td (on ) Tj ET Q q 0 0 0 rg BT 522.62 425.50 Td (a ) Tj ET Q q 0 0 0 rg BT 529.18 425.50 Td (straight-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.50 Td (line ) Tj ET Q q 0 0 0 rg BT 67.15 413.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.80 413.50 Td (over ) Tj ET Q q 0 0 0 rg BT 110.21 413.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.08 413.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.05 413.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 198.14 413.50 Td (of ) Tj ET Q q 0 0 0 rg BT 209.12 413.50 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 242.04 413.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 281.89 413.50 Td (two ) Tj ET Q q 0 0 0 rg BT 299.54 413.50 Td (to ) Tj ET Q q 0 0 0 rg BT 309.97 413.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 329.83 413.50 Td (years. ) Tj ET Q q 0 0 0 rg BT 356.08 413.50 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 396.51 413.50 Td (and ) Tj ET Q q 0 0 0 rg BT 413.60 413.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 456.24 413.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.22 413.50 Td (with ) Tj ET Q q 0 0 0 rg BT 502.65 413.50 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 543.62 413.50 Td (lives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.50 Td (are ) Tj ET Q q 0 0 0 rg BT 64.70 401.50 Td (not ) Tj ET Q q 0 0 0 rg BT 80.47 401.50 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 125.94 401.50 Td (but ) Tj ET Q q 0 0 0 rg BT 141.71 401.50 Td (tested ) Tj ET Q q 0 0 0 rg BT 168.03 401.50 Td (for ) Tj ET Q q 0 0 0 rg BT 182.68 401.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 231.77 401.50 Td (at ) Tj ET Q q 0 0 0 rg BT 241.98 401.50 Td (least ) Tj ET Q q 0 0 0 rg BT 263.30 401.50 Td (annually) Tj ET Q q 0 0 0 rg BT 297.08 401.50 Td (, ) Tj ET Q q 0 0 0 rg BT 302.58 401.50 Td (or ) Tj ET Q q 0 0 0 rg BT 313.90 401.50 Td (whenever ) Tj ET Q q 0 0 0 rg BT 355.76 401.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 390.96 401.50 Td (in ) Tj ET Q q 0 0 0 rg BT 401.73 401.50 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 461.36 401.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 496.00 401.50 Td (that ) Tj ET Q q 0 0 0 rg BT 513.99 401.50 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 401.50 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.16 389.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.15 389.50 Td (the ) Tj ET Q q 0 0 0 rg BT 108.02 389.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 146.24 389.50 Td (or ) Tj ET Q q 0 0 0 rg BT 157.23 389.50 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 221.54 389.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.19 389.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 290.18 389.50 Td (may ) Tj ET Q q 0 0 0 rg BT 310.05 389.50 Td (not ) Tj ET Q q 0 0 0 rg BT 325.49 389.50 Td (be ) Tj ET Q q 0 0 0 rg BT 337.59 389.50 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 389.38 389.50 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 432.58 389.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 458.57 389.50 Td (with ) Tj ET Q q 0 0 0 rg BT 479.01 389.50 Td (finite ) Tj ET Q q 0 0 0 rg BT 502.78 389.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 524.32 389.50 Td (are ) Tj ET Q q 0 0 0 rg BT 539.19 389.50 Td (tested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.50 Td (for ) Tj ET Q q 0 0 0 rg BT 63.47 377.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 111.88 377.50 Td (whenever ) Tj ET Q q 0 0 0 rg BT 153.06 377.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 187.58 377.50 Td (in ) Tj ET Q q 0 0 0 rg BT 197.67 377.50 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 256.62 377.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 290.58 377.50 Td (that ) Tj ET Q q 0 0 0 rg BT 307.89 377.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.41 377.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 358.04 377.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.35 377.50 Td (of ) Tj ET Q q 0 0 0 rg BT 400.99 377.50 Td (the ) Tj ET Q q 0 0 0 rg BT 415.52 377.50 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 462.25 377.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 504.56 377.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 530.20 377.50 Td (may ) Tj ET Q q 0 0 0 rg BT 549.73 377.50 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.50 Td (be ) Tj ET Q q 0 0 0 rg BT 61.92 365.50 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 114.02 365.50 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 154.78 365.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 203.86 365.50 Td (tests ) Tj ET Q q 0 0 0 rg BT 224.61 365.50 Td (are ) Tj ET Q q 0 0 0 rg BT 239.80 365.50 Td (performed ) Tj ET Q q 0 0 0 rg BT 284.42 365.50 Td (at ) Tj ET Q q 0 0 0 rg BT 294.61 365.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.81 365.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 349.44 365.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 367.98 365.50 Td (level, ) Tj ET Q q 0 0 0 rg BT 392.89 365.50 Td (which ) Tj ET Q q 0 0 0 rg BT 420.30 365.50 Td (is ) Tj ET Q q 0 0 0 rg BT 429.95 365.50 Td (the ) Tj ET Q q 0 0 0 rg BT 445.14 365.50 Td (company ) Tj ET Q q 0 0 0 rg BT 484.78 365.50 Td (as ) Tj ET Q q 0 0 0 rg BT 496.08 365.50 Td (a ) Tj ET Q q 0 0 0 rg BT 503.50 365.50 Td (whole, ) Tj ET Q q 0 0 0 rg BT 533.42 365.50 Td (using ) Tj ET Q q 0 0 0 rg BT 558.06 365.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.50 Td (two-step, ) Tj ET Q q 0 0 0 rg BT 89.43 353.50 Td (fair) Tj ET Q q 0 0 0 rg BT 103.11 353.50 Td (-value ) Tj ET Q q 0 0 0 rg BT 131.09 353.50 Td (approach. ) Tj ET Q q 0 0 0 rg BT 173.23 353.50 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 216.77 353.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 239.20 353.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 288.30 353.50 Td (tests ) Tj ET Q q 0 0 0 rg BT 309.07 353.50 Td (consist ) Tj ET Q q 0 0 0 rg BT 339.85 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.17 353.50 Td (a ) Tj ET Q q 0 0 0 rg BT 358.61 353.50 Td (comparison ) Tj ET Q q 0 0 0 rg BT 408.26 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.58 353.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.80 353.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 451.67 353.50 Td (value ) Tj ET Q q 0 0 0 rg BT 476.32 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 487.64 353.50 Td (an ) Tj ET Q q 0 0 0 rg BT 500.08 353.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 543.06 353.50 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.50 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 341.50 Td (its ) Tj ET Q q 0 0 0 rg BT 81.73 341.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 117.54 341.50 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 319.60 Td (If ) Tj ET Q q 0 0 0 rg BT 81.38 319.60 Td (management) Tj ET Q q 0 0 0 rg BT 135.25 319.60 Td (s ) Tj ET Q q 0 0 0 rg BT 141.36 319.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 180.79 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.33 319.60 Td (future ) Tj ET Q q 0 0 0 rg BT 217.43 319.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 257.41 319.60 Td (results ) Tj ET Q q 0 0 0 rg BT 285.74 319.60 Td (change, ) Tj ET Q q 0 0 0 rg BT 318.77 319.60 Td (if ) Tj ET Q q 0 0 0 rg BT 327.10 319.60 Td (there ) Tj ET Q q 0 0 0 rg BT 349.30 319.60 Td (are ) Tj ET Q q 0 0 0 rg BT 363.73 319.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 398.15 319.60 Td (in ) Tj ET Q q 0 0 0 rg BT 408.15 319.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 448.69 319.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 487.56 319.60 Td (units ) Tj ET Q q 0 0 0 rg BT 509.23 319.60 Td (or ) Tj ET Q q 0 0 0 rg BT 519.78 319.60 Td (if ) Tj ET Q q 0 0 0 rg BT 528.10 319.60 Td (there ) Tj ET Q q 0 0 0 rg BT 550.31 319.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.96 307.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.00 307.60 Td (other ) Tj ET Q q 0 0 0 rg BT 116.80 307.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 161.27 307.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 215.48 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.95 307.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 270.53 307.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 306.10 307.60 Td (values ) Tj ET Q q 0 0 0 rg BT 333.91 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.50 307.60 Td (any ) Tj ET Q q 0 0 0 rg BT 361.19 307.60 Td (such ) Tj ET Q q 0 0 0 rg BT 381.78 307.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 420.69 307.60 Td (units ) Tj ET Q q 0 0 0 rg BT 442.40 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.09 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.57 307.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 514.14 307.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 530.28 307.60 Td (value ) Tj ET Q q 0 0 0 rg BT 554.19 307.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 89.05 295.60 Td (could ) Tj ET Q q 0 0 0 rg BT 115.25 295.60 Td (change ) Tj ET Q q 0 0 0 rg BT 147.56 295.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 196.90 295.60 Td (, ) Tj ET Q q 0 0 0 rg BT 203.39 295.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.82 295.60 Td (could ) Tj ET Q q 0 0 0 rg BT 248.03 295.60 Td (result ) Tj ET Q q 0 0 0 rg BT 274.23 295.60 Td (in ) Tj ET Q q 0 0 0 rg BT 286.00 295.60 Td (an ) Tj ET Q q 0 0 0 rg BT 299.43 295.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 349.52 295.60 Td (char) Tj ET Q q 0 0 0 rg BT 366.55 295.60 Td (ge. ) Tj ET Q q 0 0 0 rg BT 382.47 295.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 406.46 295.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 442.66 295.60 Td (could ) Tj ET Q q 0 0 0 rg BT 468.87 295.60 Td (also ) Tj ET Q q 0 0 0 rg BT 488.97 295.60 Td (result ) Tj ET Q q 0 0 0 rg BT 515.17 295.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.94 295.60 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 97.20 283.60 Td (char) Tj ET Q q 0 0 0 rg BT 114.23 283.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 129.17 283.60 Td (in ) Tj ET Q q 0 0 0 rg BT 138.55 283.60 Td (future ) Tj ET Q q 0 0 0 rg BT 164.03 283.60 Td (periods, ) Tj ET Q q 0 0 0 rg BT 197.58 283.60 Td (which ) Tj ET Q q 0 0 0 rg BT 223.62 283.60 Td (could ) Tj ET Q q 0 0 0 rg BT 247.44 283.60 Td (have ) Tj ET Q q 0 0 0 rg BT 267.92 283.60 Td (a ) Tj ET Q q 0 0 0 rg BT 273.97 283.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 317.79 283.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 346.60 283.60 Td (on ) Tj ET Q q 0 0 0 rg BT 358.21 283.60 Td (our ) Tj ET Q q 0 0 0 rg BT 373.14 283.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 412.51 283.60 Td (results ) Tj ET Q q 0 0 0 rg BT 440.23 283.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.27 283.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.86 283.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 532.24 283.60 Td (therein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 261.70 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 261.70 Td (e ) Tj ET Q q 0 0 0 rg BT 88.80 261.70 Td (assess ) Tj ET Q q 0 0 0 rg BT 116.46 261.70 Td (the ) Tj ET Q q 0 0 0 rg BT 131.90 261.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 181.22 261.70 Td (of ) Tj ET Q q 0 0 0 rg BT 192.77 261.70 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 241.52 261.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 284.73 261.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.28 261.70 Td (whenever ) Tj ET Q q 0 0 0 rg BT 353.37 261.70 Td (events ) Tj ET Q q 0 0 0 rg BT 382.14 261.70 Td (or ) Tj ET Q q 0 0 0 rg BT 393.69 261.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 429.12 261.70 Td (in ) Tj ET Q q 0 0 0 rg BT 440.11 261.70 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 499.98 261.70 Td (indicate ) Tj ET Q q 0 0 0 rg BT 534.85 261.70 Td (that ) Tj ET Q q 0 0 0 rg BT 553.06 261.70 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.70 Td (asset) Tj ET Q q 0 0 0 rg BT 71.72 249.70 Td (s ) Tj ET Q q 0 0 0 rg BT 78.89 249.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 115.50 249.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 148.78 249.70 Td (may ) Tj ET Q q 0 0 0 rg BT 169.28 249.70 Td (not ) Tj ET Q q 0 0 0 rg BT 185.34 249.70 Td (be ) Tj ET Q q 0 0 0 rg BT 198.07 249.70 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 249.76 249.70 Td (An ) Tj ET Q q 0 0 0 rg BT 265.27 249.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 314.65 249.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 333.50 249.70 Td (would ) Tj ET Q q 0 0 0 rg BT 361.79 249.70 Td (be ) Tj ET Q q 0 0 0 rg BT 374.51 249.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 421.66 249.70 Td (when ) Tj ET Q q 0 0 0 rg BT 446.61 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 462.11 249.70 Td (sum ) Tj ET Q q 0 0 0 rg BT 482.07 249.70 Td (of ) Tj ET Q q 0 0 0 rg BT 493.68 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 509.19 249.70 Td (undiscounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.84 237.70 Td (future ) Tj ET Q q 0 0 0 rg BT 115.75 237.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.54 237.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 159.78 237.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 197.34 237.70 Td (to ) Tj ET Q q 0 0 0 rg BT 207.14 237.70 Td (result ) Tj ET Q q 0 0 0 rg BT 231.38 237.70 Td (from ) Tj ET Q q 0 0 0 rg BT 252.84 237.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.09 237.70 Td (use ) Tj ET Q q 0 0 0 rg BT 282.44 237.70 Td (of ) Tj ET Q q 0 0 0 rg BT 292.79 237.70 Td (the ) Tj ET Q q 0 0 0 rg BT 307.03 237.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 328.50 237.70 Td (and ) Tj ET Q q 0 0 0 rg BT 344.96 237.70 Td (its ) Tj ET Q q 0 0 0 rg BT 356.43 237.70 Td (eventual ) Tj ET Q q 0 0 0 rg BT 392.33 237.70 Td (disposition ) Tj ET Q q 0 0 0 rg BT 438.25 237.70 Td (is ) Tj ET Q q 0 0 0 rg BT 446.94 237.70 Td (less ) Tj ET Q q 0 0 0 rg BT 463.97 237.70 Td (than ) Tj ET Q q 0 0 0 rg BT 483.21 237.70 Td (its ) Tj ET Q q 0 0 0 rg BT 494.68 237.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 530.02 237.70 Td (amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.82 225.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 120.23 225.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 138.11 225.70 Td (would ) Tj ET Q q 0 0 0 rg BT 165.42 225.70 Td (be ) Tj ET Q q 0 0 0 rg BT 177.18 225.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 217.81 225.70 Td (as ) Tj ET Q q 0 0 0 rg BT 228.46 225.70 Td (the ) Tj ET Q q 0 0 0 rg BT 242.99 225.70 Td (dif) Tj ET Q q 0 0 0 rg BT 253.92 225.70 Td (ference ) Tj ET Q q 0 0 0 rg BT 285.65 225.70 Td (between ) Tj ET Q q 0 0 0 rg BT 321.28 225.70 Td (the ) Tj ET Q q 0 0 0 rg BT 335.81 225.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 371.44 225.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 403.75 225.70 Td (of ) Tj ET Q q 0 0 0 rg BT 414.40 225.70 Td (the ) Tj ET Q q 0 0 0 rg BT 428.93 225.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 450.69 225.70 Td (and ) Tj ET Q q 0 0 0 rg BT 467.44 225.70 Td (its ) Tj ET Q q 0 0 0 rg BT 479.20 225.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 495.40 225.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 521.87 225.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 544.18 225.70 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.45 213.70 Td (are ) Tj ET Q q 0 0 0 rg BT 116.16 213.70 Td (based ) Tj ET Q q 0 0 0 rg BT 141.42 213.70 Td (on ) Tj ET Q q 0 0 0 rg BT 153.92 213.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 193.64 213.70 Td (and ) Tj ET Q q 0 0 0 rg BT 210.57 213.70 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 254.16 213.70 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 290.80 213.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 331.07 213.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 353.57 213.70 Td (and ) Tj ET Q q 0 0 0 rg BT 370.51 213.70 Td (other ) Tj ET Q q 0 0 0 rg BT 393.55 213.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 428.25 213.70 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 191.80 Td (During ) Tj ET Q q 0 0 0 rg BT 103.83 191.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.04 191.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 146.48 191.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 177.79 191.80 Td (of ) Tj ET Q q 0 0 0 rg BT 189.12 191.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.12 191.80 Td (, ) Tj ET Q q 0 0 0 rg BT 214.62 191.80 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.28 191.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 270.60 191.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 300.80 191.80 Td (indicators ) Tj ET Q q 0 0 0 rg BT 343.23 191.80 Td (of ) Tj ET Q q 0 0 0 rg BT 354.56 191.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.65 191.80 Td (for ) Tj ET Q q 0 0 0 rg BT 418.31 191.80 Td (both ) Tj ET Q q 0 0 0 rg BT 439.09 191.80 Td (the ) Tj ET Q q 0 0 0 rg BT 454.30 191.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 493.96 191.80 Td (relationships ) Tj ET Q q 0 0 0 rg BT 548.06 191.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.80 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.03 179.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 139.91 179.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 176.77 179.80 Td (in ) Tj ET Q q 0 0 0 rg BT 186.99 179.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.64 179.80 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 262.96 179.80 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 311.78 179.80 Td (Specifically) Tj ET Q q 0 0 0 rg BT 358.89 179.80 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.39 179.80 Td ( ) Tj ET Q q 0 0 0 rg BT 363.83 179.80 Td (we ) Tj ET Q q 0 0 0 rg BT 377.93 179.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 425.34 179.80 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.44 179.80 Td (would ) Tj ET Q q 0 0 0 rg BT 466.88 179.80 Td (need ) Tj ET Q q 0 0 0 rg BT 488.20 179.80 Td (to ) Tj ET Q q 0 0 0 rg BT 498.42 179.80 Td (make ) Tj ET Q q 0 0 0 rg BT 522.51 179.80 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.81 167.80 Td (in ) Tj ET Q q 0 0 0 rg BT 110.13 167.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 167.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 172.97 167.80 Td (CRM ) Tj ET Q q 0 0 0 rg BT 197.74 167.80 Td (product, ) Tj ET Q q 0 0 0 rg BT 233.32 167.80 Td (including ) Tj ET Q q 0 0 0 rg BT 273.63 167.80 Td (in ) Tj ET Q q 0 0 0 rg BT 283.95 167.80 Td (the ) Tj ET Q q 0 0 0 rg BT 298.71 167.80 Td (areas ) Tj ET Q q 0 0 0 rg BT 321.78 167.80 Td (of ) Tj ET Q q 0 0 0 rg BT 332.65 167.80 Td (security) Tj ET Q q 0 0 0 rg BT 363.65 167.80 Td (, ) Tj ET Q q 0 0 0 rg BT 368.69 167.80 Td (stability ) Tj ET Q q 0 0 0 rg BT 403.45 167.80 Td (and ) Tj ET Q q 0 0 0 rg BT 420.43 167.80 Td (functionality ) Tj ET Q q 0 0 0 rg BT 474.07 167.80 Td (in ) Tj ET Q q 0 0 0 rg BT 484.38 167.80 Td (order ) Tj ET Q q 0 0 0 rg BT 508.02 167.80 Td (to ) Tj ET Q q 0 0 0 rg BT 518.33 167.80 Td (attract ) Tj ET Q q 0 0 0 rg BT 545.85 167.80 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.23 155.80 Td (\(which ) Tj ET Q q 0 0 0 rg BT 124.19 155.80 Td (were ) Tj ET Q q 0 0 0 rg BT 146.80 155.80 Td (not ) Tj ET Q q 0 0 0 rg BT 162.76 155.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 201.48 155.80 Td (and ) Tj ET Q q 0 0 0 rg BT 219.10 155.80 Td (therefore ) Tj ET Q q 0 0 0 rg BT 258.37 155.80 Td (not ) Tj ET Q q 0 0 0 rg BT 274.34 155.80 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 331.39 155.80 Td (in ) Tj ET Q q 0 0 0 rg BT 342.35 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 357.75 155.80 Td (valuation ) Tj ET Q q 0 0 0 rg BT 398.15 155.80 Td (of ) Tj ET Q q 0 0 0 rg BT 409.67 155.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 449.51 155.80 Td (relationships ) Tj ET Q q 0 0 0 rg BT 503.79 155.80 Td (and ) Tj ET Q q 0 0 0 rg BT 521.42 155.80 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 95.75 143.80 Td (in ) Tj ET Q q 0 0 0 rg BT 105.35 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.39 143.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 156.74 143.80 Td (price ) Tj ET Q q 0 0 0 rg BT 178.55 143.80 Td (allocation ) Tj ET Q q 0 0 0 rg BT 219.79 143.80 Td (at ) Tj ET Q q 0 0 0 rg BT 228.83 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 242.86 143.80 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 288.56 143.80 Td (date\). ) Tj ET Q q 0 0 0 rg BT 312.74 143.80 Td (The ) Tj ET Q q 0 0 0 rg BT 330.10 143.80 Td (need ) Tj ET Q q 0 0 0 rg BT 350.80 143.80 Td (to ) Tj ET Q q 0 0 0 rg BT 360.40 143.80 Td (make ) Tj ET Q q 0 0 0 rg BT 383.87 143.80 Td (these ) Tj ET Q q 0 0 0 rg BT 406.24 143.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 455.83 143.80 Td (has ) Tj ET Q q 0 0 0 rg BT 470.98 143.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 504.45 143.80 Td (in ) Tj ET Q q 0 0 0 rg BT 514.05 143.80 Td (a ) Tj ET Q q 0 0 0 rg BT 520.31 143.80 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.80 Td (delay ) Tj ET Q q 0 0 0 rg BT 73.10 131.80 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.88 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 82.82 131.80 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.09 131.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 125.59 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 135.31 131.80 Td (release ) Tj ET Q q 0 0 0 rg BT 165.01 131.80 Td (an ) Tj ET Q q 0 0 0 rg BT 176.39 131.80 Td (integrated ) Tj ET Q q 0 0 0 rg BT 218.31 131.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 265.80 131.80 Td (CRM ) Tj ET Q q 0 0 0 rg BT 289.98 131.80 Td (product ) Tj ET Q q 0 0 0 rg BT 322.47 131.80 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.25 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 332.19 131.80 Td (our ) Tj ET Q q 0 0 0 rg BT 347.46 131.80 Td (customers. ) Tj ET Q q 0 0 0 rg BT 392.03 131.80 Td (As ) Tj ET Q q 0 0 0 rg BT 405.08 131.80 Td (a ) Tj ET Q q 0 0 0 rg BT 411.46 131.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 438.12 131.80 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.73 131.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 498.65 131.80 Td (it ) Tj ET Q q 0 0 0 rg BT 506.15 131.80 Td (was ) Tj ET Q q 0 0 0 rg BT 523.65 131.80 Td (necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.80 Td (to ) Tj ET Q q 0 0 0 rg BT 59.67 119.80 Td (assess ) Tj ET Q q 0 0 0 rg BT 86.51 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 101.12 119.80 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 159.04 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 169.77 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.38 119.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 223.43 119.80 Td (relationships ) Tj ET Q q 0 0 0 rg BT 276.92 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 293.76 119.80 Td (developed ) Tj ET Q q 0 0 0 rg BT 337.24 119.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 384.07 119.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.56 119.80 Td (with ) Tj ET Q q 0 0 0 rg BT 447.73 119.80 Td (generating ) Tj ET Q q 0 0 0 rg BT 492.33 119.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 540.27 119.80 Td (CRM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.84 107.80 Td (flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.06 107.80 Td (. ) Tj ET Q q 0 0 0 rg BT 96.95 107.80 Td (W) Tj ET Q q 0 0 0 rg BT 105.59 107.80 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.60 107.80 Td (used ) Tj ET Q q 0 0 0 rg BT 133.51 107.80 Td (an ) Tj ET Q q 0 0 0 rg BT 145.52 107.80 Td (income ) Tj ET Q q 0 0 0 rg BT 177.53 107.80 Td (approach ) Tj ET Q q 0 0 0 rg BT 216.75 107.80 Td (to ) Tj ET Q q 0 0 0 rg BT 227.10 107.80 Td (determine ) Tj ET Q q 0 0 0 rg BT 269.66 107.80 Td (if ) Tj ET Q q 0 0 0 rg BT 278.34 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.13 107.80 Td (sum ) Tj ET Q q 0 0 0 rg BT 312.38 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 323.28 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 338.07 107.80 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 393.97 107.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 414.32 107.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 439.11 107.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 477.22 107.80 Td (to ) Tj ET Q q 0 0 0 rg BT 487.57 107.80 Td (result ) Tj ET Q q 0 0 0 rg BT 512.37 107.80 Td (from ) Tj ET Q q 0 0 0 rg BT 534.38 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 549.17 107.80 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.80 Td (and ) Tj ET Q q 0 0 0 rg BT 66.02 95.80 Td (eventual ) Tj ET Q q 0 0 0 rg BT 101.96 95.80 Td (disposition ) Tj ET Q q 0 0 0 rg BT 147.94 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 158.34 95.80 Td (each ) Tj ET Q q 0 0 0 rg BT 178.74 95.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 200.25 95.80 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 239.52 95.80 Td (the ) Tj ET Q q 0 0 0 rg BT 253.81 95.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 289.21 95.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 321.28 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 331.68 95.80 Td (that ) Tj ET Q q 0 0 0 rg BT 348.76 95.80 Td (asset. ) Tj ET Q q 0 0 0 rg BT 372.31 95.80 Td (As ) Tj ET Q q 0 0 0 rg BT 385.50 95.80 Td (a ) Tj ET Q q 0 0 0 rg BT 392.02 95.80 Td (result ) Tj ET Q q 0 0 0 rg BT 416.31 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 426.72 95.80 Td (this ) Tj ET Q q 0 0 0 rg BT 443.24 95.80 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 492.26 95.80 Td (it ) Tj ET Q q 0 0 0 rg BT 499.89 95.80 Td (was ) Tj ET Q q 0 0 0 rg BT 517.52 95.80 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.80 Td (that ) Tj ET Q q 0 0 0 rg BT 67.25 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 82.23 83.80 Td (sum ) Tj ET Q q 0 0 0 rg BT 101.66 83.80 Td (of ) Tj ET Q q 0 0 0 rg BT 112.74 83.80 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 168.83 83.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 189.35 83.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 214.33 83.80 Td (was ) Tj ET Q q 0 0 0 rg BT 232.64 83.80 Td (less ) Tj ET Q q 0 0 0 rg BT 250.40 83.80 Td (than ) Tj ET Q q 0 0 0 rg BT 270.37 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 285.35 83.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 321.42 83.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 354.17 83.80 Td (for ) Tj ET Q q 0 0 0 rg BT 368.59 83.80 Td (each ) Tj ET Q q 0 0 0 rg BT 389.67 83.80 Td (of ) Tj ET Q q 0 0 0 rg BT 400.75 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 415.73 83.80 Td (two ) Tj ET Q q 0 0 0 rg BT 433.49 83.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 462.07 83.80 Td (In ) Tj ET Q q 0 0 0 rg BT 473.16 83.80 Td (order ) Tj ET Q q 0 0 0 rg BT 497.02 83.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.55 83.80 Td (determine ) Tj ET Q q 0 0 0 rg BT 550.29 83.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.32 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 93.48 71.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 142.40 71.80 Td (to ) Tj ET Q q 0 0 0 rg BT 153.01 71.80 Td (each ) Tj ET Q q 0 0 0 rg BT 174.15 71.80 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.59 71.80 Td (, ) Tj ET Q q 0 0 0 rg BT 198.91 71.80 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.40 71.80 Td (performed ) Tj ET Q q 0 0 0 rg BT 257.87 71.80 Td (an ) Tj ET Q q 0 0 0 rg BT 270.14 71.80 Td (analysis ) Tj ET Q q 0 0 0 rg BT 305.18 71.80 Td (to ) Tj ET Q q 0 0 0 rg BT 315.78 71.80 Td (determine ) Tj ET Q q 0 0 0 rg BT 358.59 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 373.63 71.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 390.34 71.80 Td (value ) Tj ET Q q 0 0 0 rg BT 414.82 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 425.97 71.80 Td (each ) Tj ET Q q 0 0 0 rg BT 447.12 71.80 Td (asset, ) Tj ET Q q 0 0 0 rg BT 471.88 71.80 Td (which ) Tj ET Q q 0 0 0 rg BT 499.14 71.80 Td (was ) Tj ET Q q 0 0 0 rg BT 517.52 71.80 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.80 Td (using ) Tj ET Q q 0 0 0 rg BT 73.57 59.80 Td (the ) Tj ET Q q 0 0 0 rg BT 88.19 59.80 Td (present ) Tj ET Q q 0 0 0 rg BT 119.47 59.80 Td (value ) Tj ET Q q 0 0 0 rg BT 143.52 59.80 Td (of ) Tj ET Q q 0 0 0 rg BT 154.26 59.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 192.19 59.80 Td (future ) Tj ET Q q 0 0 0 rg BT 218.47 59.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 238.64 59.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 263.26 59.80 Td (which ) Tj ET Q q 0 0 0 rg BT 290.10 59.80 Td (were ) Tj ET Q q 0 0 0 rg BT 311.93 59.80 Td (based ) Tj ET Q q 0 0 0 rg BT 337.10 59.80 Td (on ) Tj ET Q q 0 0 0 rg BT 349.50 59.80 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 391.62 59.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 443.46 59.80 Td (and ) Tj ET Q q 0 0 0 rg BT 460.30 59.80 Td (judgments.) Tj ET Q q 0 0 0 rg BT 506.79 59.80 Td (These ) Tj ET Q q 0 0 0 rg BT 533.07 59.80 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 64.67 47.80 Td (forecast ) Tj ET Q q 0 0 0 rg BT 99.27 47.80 Td (of ) Tj ET Q q 0 0 0 rg BT 110.56 47.80 Td (future ) Tj ET Q q 0 0 0 rg BT 137.39 47.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 158.12 47.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 183.29 47.80 Td (related ) Tj ET Q q 0 0 0 rg BT 213.45 47.80 Td (to ) Tj ET Q q 0 0 0 rg BT 224.18 47.80 Td (each ) Tj ET Q q 0 0 0 rg BT 245.46 47.80 Td (asset, ) Tj ET Q q 0 0 0 rg BT 270.35 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 285.52 47.80 Td (discount ) Tj ET Q q 0 0 0 rg BT 322.36 47.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 340.31 47.80 Td (used ) Tj ET Q q 0 0 0 rg BT 361.59 47.80 Td (in ) Tj ET Q q 0 0 0 rg BT 372.32 47.80 Td (discounting ) Tj ET Q q 0 0 0 rg BT 421.95 47.80 Td (those ) Tj ET Q q 0 0 0 rg BT 446.01 47.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.73 47.80 Td (flows, ) Tj ET Q q 0 0 0 rg BT 494.41 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 511.80 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 47.80 Td (expected ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 91.80 740.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 118.00 740.10 Td (life ) Tj ET Q q 0 0 0 rg BT 133.09 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.18 740.10 Td (each ) Tj ET Q q 0 0 0 rg BT 163.25 740.10 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.69 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 186.82 740.10 Td (This ) Tj ET Q q 0 0 0 rg BT 206.36 740.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 240.34 740.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 273.75 740.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.29 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 289.49 740.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 327.35 740.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 375.21 740.10 Td (char) Tj ET Q q 0 0 0 rg BT 392.24 740.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 403.44 740.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.77 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.53 740.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 432.79 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.68 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.44 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.98 740.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 511.39 740.10 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.11 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 72.71 728.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 110.98 728.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 159.24 728.10 Td (char) Tj ET Q q 0 0 0 rg BT 176.27 728.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 187.87 728.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.20 728.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.37 728.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 218.04 728.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.93 728.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.10 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.04 728.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 302.30 728.10 Td (technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.09 728.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.36 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 398.96 728.10 Td (included ) Tj ET Q q 0 0 0 rg BT 435.56 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.50 728.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 467.11 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.71 728.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 526.42 728.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.09 716.10 Td (research ) Tj ET Q q 0 0 0 rg BT 101.55 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.14 716.10 Td (development ) Tj ET Q q 0 0 0 rg BT 171.94 716.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 212.69 716.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 260.35 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 265.00 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.93 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.29 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 341.99 716.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 386.35 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.83 716.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 459.51 716.10 Td (income ) Tj ET Q q 0 0 0 rg BT 491.10 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.91 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.28 716.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.64 716.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.51 704.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.94 704.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 704.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.15 704.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.79 704.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.15 704.10 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 194.73 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.87 704.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 237.24 704.10 Td (life ) Tj ET Q q 0 0 0 rg BT 253.49 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.75 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.89 704.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 319.47 704.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 373.50 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.86 704.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 434.88 704.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 482.24 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.61 704.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 547.52 704.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (they ) Tj ET Q q 0 0 0 rg BT 69.22 692.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 108.92 692.10 Td (appropriate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.45 692.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 670.20 Td (If ) Tj ET Q q 0 0 0 rg BT 81.85 670.20 Td (management) Tj ET Q q 0 0 0 rg BT 135.72 670.20 Td (s ) Tj ET Q q 0 0 0 rg BT 142.31 670.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 182.21 670.20 Td (of ) Tj ET Q q 0 0 0 rg BT 193.24 670.20 Td (future ) Tj ET Q q 0 0 0 rg BT 219.81 670.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.27 670.20 Td (results ) Tj ET Q q 0 0 0 rg BT 289.07 670.20 Td (change, ) Tj ET Q q 0 0 0 rg BT 322.58 670.20 Td (or ) Tj ET Q q 0 0 0 rg BT 333.60 670.20 Td (if ) Tj ET Q q 0 0 0 rg BT 342.41 670.20 Td (there ) Tj ET Q q 0 0 0 rg BT 365.09 670.20 Td (are ) Tj ET Q q 0 0 0 rg BT 379.99 670.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 414.89 670.20 Td (to ) Tj ET Q q 0 0 0 rg BT 425.36 670.20 Td (other ) Tj ET Q q 0 0 0 rg BT 448.60 670.20 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 503.25 670.20 Td (the ) Tj ET Q q 0 0 0 rg BT 518.16 670.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 554.17 670.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.20 Td (the ) Tj ET Q q 0 0 0 rg BT 63.89 658.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 79.94 658.20 Td (value ) Tj ET Q q 0 0 0 rg BT 103.76 658.20 Td (of ) Tj ET Q q 0 0 0 rg BT 114.27 658.20 Td (our ) Tj ET Q q 0 0 0 rg BT 129.77 658.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 166.36 658.20 Td (product ) Tj ET Q q 0 0 0 rg BT 199.08 658.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 224.03 658.20 Td (and ) Tj ET Q q 0 0 0 rg BT 240.64 658.20 Td (other ) Tj ET Q q 0 0 0 rg BT 263.36 658.20 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 311.07 658.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 353.23 658.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 378.74 658.20 Td (could ) Tj ET Q q 0 0 0 rg BT 403.12 658.20 Td (change ) Tj ET Q q 0 0 0 rg BT 433.61 658.20 Td (significantly) Tj ET Q q 0 0 0 rg BT 482.95 658.20 Td (. ) Tj ET Q q 0 0 0 rg BT 487.62 658.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 509.80 658.20 Td (change ) Tj ET Q q 0 0 0 rg BT 540.28 658.20 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.20 Td (result ) Tj ET Q q 0 0 0 rg BT 73.12 646.20 Td (in ) Tj ET Q q 0 0 0 rg BT 82.30 646.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 129.81 646.20 Td (char) Tj ET Q q 0 0 0 rg BT 146.83 646.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 161.57 646.20 Td (in ) Tj ET Q q 0 0 0 rg BT 170.75 646.20 Td (future ) Tj ET Q q 0 0 0 rg BT 196.03 646.20 Td (periods, ) Tj ET Q q 0 0 0 rg BT 229.37 646.20 Td (which ) Tj ET Q q 0 0 0 rg BT 255.21 646.20 Td (could ) Tj ET Q q 0 0 0 rg BT 278.83 646.20 Td (have ) Tj ET Q q 0 0 0 rg BT 299.11 646.20 Td (a ) Tj ET Q q 0 0 0 rg BT 304.96 646.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 348.57 646.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 377.19 646.20 Td (on ) Tj ET Q q 0 0 0 rg BT 388.59 646.20 Td (our ) Tj ET Q q 0 0 0 rg BT 403.33 646.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 442.49 646.20 Td (results ) Tj ET Q q 0 0 0 rg BT 470.01 646.20 Td (and ) Tj ET Q q 0 0 0 rg BT 485.85 646.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.23 646.20 Td (condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 619.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 72.34 619.90 Td (V) Tj ET Q q 0 0 0 rg BT 77.90 619.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 98.18 619.90 Td (of ) Tj ET Q q 0 0 0 rg BT 109.01 619.90 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 602.90 Td (All ) Tj ET Q q 0 0 0 rg BT 88.67 602.90 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 602.90 Td ( ) Tj ET Q q 0 0 0 rg BT 99.38 602.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.10 602.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 165.26 602.90 Td (that ) Tj ET Q q 0 0 0 rg BT 182.65 602.90 Td (have ) Tj ET Q q 0 0 0 rg BT 203.91 602.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 246.29 602.90 Td (of ) Tj ET Q q 0 0 0 rg BT 257.01 602.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 287.15 602.90 Td (than ) Tj ET Q q 0 0 0 rg BT 306.75 602.90 Td (90 ) Tj ET Q q 0 0 0 rg BT 319.14 602.90 Td (days ) Tj ET Q q 0 0 0 rg BT 339.86 602.90 Td (are ) Tj ET Q q 0 0 0 rg BT 354.45 602.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 394.60 602.90 Td (as ) Tj ET Q q 0 0 0 rg BT 405.32 602.90 Td (available-for) Tj ET Q q 0 0 0 rg BT 456.20 602.90 Td (-sale ) Tj ET Q q 0 0 0 rg BT 477.46 602.90 Td (and ) Tj ET Q q 0 0 0 rg BT 494.29 602.90 Td (are ) Tj ET Q q 0 0 0 rg BT 508.89 602.90 Td (carried ) Tj ET Q q 0 0 0 rg BT 539.03 602.90 Td (at ) Tj ET Q q 0 0 0 rg BT 548.63 602.90 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.90 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.66 590.90 Td ( ) Tj ET Q q 0 0 0 rg BT 75.37 590.90 Td (W) Tj ET Q q 0 0 0 rg BT 84.01 590.90 Td (e ) Tj ET Q q 0 0 0 rg BT 90.30 590.90 Td (invest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.03 590.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 143.98 590.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 163.60 590.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 202.66 590.90 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.44 590.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.29 590.90 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 283.56 590.90 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 348.16 590.90 Td (securities, ) Tj ET Q q 0 0 0 rg BT 390.27 590.90 Td (such ) Tj ET Q q 0 0 0 rg BT 410.45 590.90 Td (as ) Tj ET Q q 0 0 0 rg BT 420.63 590.90 Td (money ) Tj ET Q q 0 0 0 rg BT 449.70 590.90 Td (market ) Tj ET Q q 0 0 0 rg BT 479.31 590.90 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 518.64 590.90 Td (certificates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 578.90 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 94.47 578.90 Td (commercial ) Tj ET Q q 0 0 0 rg BT 144.29 578.90 Td (paper) Tj ET Q q 0 0 0 rg BT 166.10 578.90 Td (, ) Tj ET Q q 0 0 0 rg BT 171.23 578.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 211.61 578.90 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 240.63 578.90 Td (municipal ) Tj ET Q q 0 0 0 rg BT 283.25 578.90 Td (and ) Tj ET Q q 0 0 0 rg BT 300.31 578.90 Td (government ) Tj ET Q q 0 0 0 rg BT 350.70 578.90 Td (agency ) Tj ET Q q 0 0 0 rg BT 381.64 578.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 428.71 578.90 Td (and ) Tj ET Q q 0 0 0 rg BT 445.78 578.90 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 492.27 578.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 539.34 578.90 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 578.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 68.77 566.90 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.53 566.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.51 566.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 138.10 566.90 Td (value ) Tj ET Q q 0 0 0 rg BT 161.24 566.90 Td (is ) Tj ET Q q 0 0 0 rg BT 169.39 566.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 215.85 566.90 Td (based ) Tj ET Q q 0 0 0 rg BT 240.10 566.90 Td (on ) Tj ET Q q 0 0 0 rg BT 251.58 566.90 Td (quoted ) Tj ET Q q 0 0 0 rg BT 280.28 566.90 Td (market ) Tj ET Q q 0 0 0 rg BT 309.53 566.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 329.89 566.90 Td (when ) Tj ET Q q 0 0 0 rg BT 353.03 566.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 397.83 566.90 Td (or ) Tj ET Q q 0 0 0 rg BT 407.64 566.90 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 442.45 566.90 Td (data ) Tj ET Q q 0 0 0 rg BT 460.59 566.90 Td (points ) Tj ET Q q 0 0 0 rg BT 486.52 566.90 Td (that ) Tj ET Q q 0 0 0 rg BT 503.00 566.90 Td (are ) Tj ET Q q 0 0 0 rg BT 516.69 566.90 Td (observable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.90 Td (such ) Tj ET Q q 0 0 0 rg BT 71.06 554.90 Td (as ) Tj ET Q q 0 0 0 rg BT 82.62 554.90 Td (quoted ) Tj ET Q q 0 0 0 rg BT 113.07 554.90 Td (prices, ) Tj ET Q q 0 0 0 rg BT 142.68 554.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 175.34 554.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 197.45 554.90 Td (and ) Tj ET Q q 0 0 0 rg BT 215.12 554.90 Td (yield ) Tj ET Q q 0 0 0 rg BT 238.35 554.90 Td (curves. ) Tj ET Q q 0 0 0 rg BT 269.95 554.90 Td (The ) Tj ET Q q 0 0 0 rg BT 288.72 554.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 308.06 554.90 Td (of ) Tj ET Q q 0 0 0 rg BT 319.63 554.90 Td (available-for) Tj ET Q q 0 0 0 rg BT 370.50 554.90 Td (-sale ) Tj ET Q q 0 0 0 rg BT 392.61 554.90 Td (marketable ) Tj ET Q q 0 0 0 rg BT 440.26 554.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 481.26 554.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 501.16 554.90 Td (is ) Tj ET Q q 0 0 0 rg BT 511.06 554.90 Td (based ) Tj ET Q q 0 0 0 rg BT 537.06 554.90 Td (on ) Tj ET Q q 0 0 0 rg BT 550.29 554.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 82.02 542.90 Td (identification ) Tj ET Q q 0 0 0 rg BT 136.77 542.90 Td (method. ) Tj ET Q q 0 0 0 rg BT 170.69 542.90 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 215.98 542.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 238.52 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 254.38 542.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 279.70 542.90 Td (are ) Tj ET Q q 0 0 0 rg BT 293.34 542.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 328.08 542.90 Td (in ) Tj ET Q q 0 0 0 rg BT 337.29 542.90 Td (stockholders) Tj ET Q q 0 0 0 rg BT 390.42 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 391.85 542.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.27 542.90 Td (as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 542.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.03 542.90 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 479.99 542.90 Td (other ) Tj ET Q q 0 0 0 rg BT 501.96 542.90 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.90 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 88.00 530.90 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.56 530.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.46 530.90 Td (Realized ) Tj ET Q q 0 0 0 rg BT 145.85 530.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 169.36 530.90 Td (and ) Tj ET Q q 0 0 0 rg BT 186.20 530.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 212.50 530.90 Td (are ) Tj ET Q q 0 0 0 rg BT 227.11 530.90 Td (included ) Tj ET Q q 0 0 0 rg BT 263.95 530.90 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.72 530.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.13 530.90 Td (other ) Tj ET Q q 0 0 0 rg BT 297.08 530.90 Td (income ) Tj ET Q q 0 0 0 rg BT 328.92 530.90 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 372.69 530.90 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.90 530.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.81 530.90 Td (Interest ) Tj ET Q q 0 0 0 rg BT 422.20 530.90 Td (and ) Tj ET Q q 0 0 0 rg BT 439.04 530.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 480.33 530.90 Td (are ) Tj ET Q q 0 0 0 rg BT 494.94 530.90 Td (included ) Tj ET Q q 0 0 0 rg BT 531.78 530.90 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.56 530.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.96 530.90 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.90 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 518.90 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 125.30 518.90 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.52 518.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.02 518.90 Td (when ) Tj ET Q q 0 0 0 rg BT 164.18 518.90 Td (they ) Tj ET Q q 0 0 0 rg BT 183.89 518.90 Td (are ) Tj ET Q q 0 0 0 rg BT 198.60 518.90 Td (earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.25 518.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 501.90 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.91 501.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.41 501.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.41 501.90 Td (, ) Tj ET Q q 0 0 0 rg BT 169.32 501.90 Td (our ) Tj ET Q q 0 0 0 rg BT 185.06 501.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 210.80 501.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 251.53 501.90 Td (and ) Tj ET Q q 0 0 0 rg BT 268.38 501.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 305.77 501.90 Td (at ) Tj ET Q q 0 0 0 rg BT 315.40 501.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 331.69 501.90 Td (value ) Tj ET Q q 0 0 0 rg BT 355.76 501.90 Td (on ) Tj ET Q q 0 0 0 rg BT 368.17 501.90 Td (a ) Tj ET Q q 0 0 0 rg BT 375.02 501.90 Td (recurring ) Tj ET Q q 0 0 0 rg BT 414.08 501.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 436.49 501.90 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.33 501.90 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 493.25 501.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.14 501.90 Td ( ) Tj ET Q q 0 0 0 rg BT 524.55 501.90 Td (of ) Tj ET Q q 0 0 0 rg BT 535.29 501.90 Td (money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.90 Td (market ) Tj ET Q q 0 0 0 rg BT 78.82 489.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 102.60 489.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.59 489.90 Td ($108.0 ) Tj ET Q q 0 0 0 rg BT 147.65 489.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.54 489.90 Td ( ) Tj ET Q q 0 0 0 rg BT 178.10 489.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.99 489.90 Td (marketable ) Tj ET Q q 0 0 0 rg BT 233.96 489.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 252.73 489.90 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 303.46 489.90 Td (Of ) Tj ET Q q 0 0 0 rg BT 315.56 489.90 Td (these ) Tj ET Q q 0 0 0 rg BT 337.67 489.90 Td (marketable ) Tj ET Q q 0 0 0 rg BT 383.64 489.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 402.42 489.90 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.14 489.90 Td ($16.9 ) Tj ET Q q 0 0 0 rg BT 477.20 489.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.09 489.90 Td ( ) Tj ET Q q 0 0 0 rg BT 507.64 489.90 Td (was ) Tj ET Q q 0 0 0 rg BT 524.75 489.90 Td (classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 477.90 Td (as ) Tj ET Q q 0 0 0 rg BT 60.56 477.90 Td (Level ) Tj ET Q q 0 0 0 rg BT 86.06 477.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 93.79 477.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.97 477.90 Td ($91.1 ) Tj ET Q q 0 0 0 rg BT 136.20 477.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.09 477.90 Td ( ) Tj ET Q q 0 0 0 rg BT 167.82 477.90 Td (as ) Tj ET Q q 0 0 0 rg BT 178.89 477.90 Td (Level ) Tj ET Q q 0 0 0 rg BT 204.38 477.90 Td (2. ) Tj ET Q q 0 0 0 rg BT 214.01 477.90 Td (All ) Tj ET Q q 0 0 0 rg BT 229.53 477.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.59 477.90 Td (our ) Tj ET Q q 0 0 0 rg BT 256.65 477.90 Td (money ) Tj ET Q q 0 0 0 rg BT 286.60 477.90 Td (market ) Tj ET Q q 0 0 0 rg BT 317.10 477.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 342.06 477.90 Td (are ) Tj ET Q q 0 0 0 rg BT 357.00 477.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 397.49 477.90 Td (as ) Tj ET Q q 0 0 0 rg BT 408.56 477.90 Td (Level ) Tj ET Q q 0 0 0 rg BT 434.05 477.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 444.09 477.90 Td (When ) Tj ET Q q 0 0 0 rg BT 470.70 477.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 521.75 477.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.36 477.90 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 465.90 Td (we ) Tj ET Q q 0 0 0 rg BT 64.22 465.90 Td (consider ) Tj ET Q q 0 0 0 rg BT 101.16 465.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.44 465.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 155.04 465.90 Td (or ) Tj ET Q q 0 0 0 rg BT 166.43 465.90 Td (most ) Tj ET Q q 0 0 0 rg BT 188.94 465.90 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 246.42 465.90 Td (market ) Tj ET Q q 0 0 0 rg BT 277.25 465.90 Td (in ) Tj ET Q q 0 0 0 rg BT 288.08 465.90 Td (which ) Tj ET Q q 0 0 0 rg BT 315.58 465.90 Td (we ) Tj ET Q q 0 0 0 rg BT 330.30 465.90 Td (would ) Tj ET Q q 0 0 0 rg BT 358.37 465.90 Td (transact, ) Tj ET Q q 0 0 0 rg BT 395.02 465.90 Td (and ) Tj ET Q q 0 0 0 rg BT 412.52 465.90 Td (we ) Tj ET Q q 0 0 0 rg BT 427.24 465.90 Td (consider ) Tj ET Q q 0 0 0 rg BT 464.18 465.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 516.69 465.90 Td (that ) Tj ET Q q 0 0 0 rg BT 534.74 465.90 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 453.90 Td (participants ) Tj ET Q q 0 0 0 rg BT 99.12 453.90 Td (would ) Tj ET Q q 0 0 0 rg BT 127.09 453.90 Td (use ) Tj ET Q q 0 0 0 rg BT 143.39 453.90 Td (when ) Tj ET Q q 0 0 0 rg BT 168.02 453.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 199.31 453.90 Td (the ) Tj ET Q q 0 0 0 rg BT 214.50 453.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 236.90 453.90 Td (or ) Tj ET Q q 0 0 0 rg BT 248.20 453.90 Td (liability) Tj ET Q q 0 0 0 rg BT 278.66 453.90 Td (. ) Tj ET Q q 0 0 0 rg BT 284.13 453.90 Td (For ) Tj ET Q q 0 0 0 rg BT 300.99 453.90 Td (further ) Tj ET Q q 0 0 0 rg BT 331.17 453.90 Td (information, ) Tj ET Q q 0 0 0 rg BT 383.85 453.90 Td (see ) Tj ET Q q 0 0 0 rg BT 399.58 453.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 422.88 453.90 Td (V) Tj ET Q q 0 0 0 rg BT 429.00 453.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 448.62 453.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.92 453.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 500.10 453.90 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 554.73 453.90 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.90 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 441.90 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.33 441.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 441.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.77 441.90 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.77 441.90 Td ( ) Tj ET Q q 0 0 0 rg BT 107.27 441.90 Td (of ) Tj ET Q q 0 0 0 rg BT 118.10 441.90 Td (the ) Tj ET Q q 0 0 0 rg BT 132.82 441.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 158.65 441.90 Td (to ) Tj ET Q q 0 0 0 rg BT 168.92 441.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 224.20 441.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 263.91 441.90 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 424.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 101.00 424.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 118.51 424.90 Td (is ) Tj ET Q q 0 0 0 rg BT 127.69 424.90 Td (factored ) Tj ET Q q 0 0 0 rg BT 162.96 424.90 Td (into ) Tj ET Q q 0 0 0 rg BT 181.02 424.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.75 424.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 235.47 424.90 Td (of ) Tj ET Q q 0 0 0 rg BT 246.31 424.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.80 424.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 332.98 424.90 Td (that ) Tj ET Q q 0 0 0 rg BT 350.48 424.90 Td (we ) Tj ET Q q 0 0 0 rg BT 364.65 424.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 400.48 424.90 Td (and ) Tj ET Q q 0 0 0 rg BT 417.43 424.90 Td (record ) Tj ET Q q 0 0 0 rg BT 445.47 424.90 Td (at ) Tj ET Q q 0 0 0 rg BT 455.20 424.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 471.59 424.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 498.07 424.90 Td (When ) Tj ET Q q 0 0 0 rg BT 524.46 424.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 424.90 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.90 Td (is ) Tj ET Q q 0 0 0 rg BT 58.70 412.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 106.20 412.90 Td (using ) Tj ET Q q 0 0 0 rg BT 130.40 412.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 161.25 412.90 Td (models, ) Tj ET Q q 0 0 0 rg BT 195.17 412.90 Td (such ) Tj ET Q q 0 0 0 rg BT 216.02 412.90 Td (as ) Tj ET Q q 0 0 0 rg BT 226.88 412.90 Td (a ) Tj ET Q q 0 0 0 rg BT 233.85 412.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 279.70 412.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.99 412.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 320.85 412.90 Td (model, ) Tj ET Q q 0 0 0 rg BT 350.87 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 365.62 412.90 Td (issuer) Tj ET Q q 0 0 0 rg BT 389.32 412.90 Td () Tj ET Q q 0 0 0 rg BT 392.10 412.90 Td (s ) Tj ET Q q 0 0 0 rg BT 398.51 412.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 423.80 412.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 441.33 412.90 Td (is ) Tj ET Q q 0 0 0 rg BT 450.53 412.90 Td (factored ) Tj ET Q q 0 0 0 rg BT 485.81 412.90 Td (into ) Tj ET Q q 0 0 0 rg BT 503.89 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 412.90 Td (calculation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 400.90 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 400.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.42 400.90 Td (value, ) Tj ET Q q 0 0 0 rg BT 118.08 400.90 Td (as ) Tj ET Q q 0 0 0 rg BT 128.91 400.90 Td (appropriate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 383.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.41 383.90 Td (money ) Tj ET Q q 0 0 0 rg BT 120.98 383.90 Td (market ) Tj ET Q q 0 0 0 rg BT 151.10 383.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 175.67 383.90 Td (and ) Tj ET Q q 0 0 0 rg BT 192.47 383.90 Td (marketable ) Tj ET Q q 0 0 0 rg BT 239.24 383.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.81 383.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.83 383.90 Td (that ) Tj ET Q q 0 0 0 rg BT 325.18 383.90 Td (are ) Tj ET Q q 0 0 0 rg BT 339.75 383.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 380.42 383.90 Td (and ) Tj ET Q q 0 0 0 rg BT 397.21 383.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 434.54 383.90 Td (at ) Tj ET Q q 0 0 0 rg BT 444.11 383.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 460.34 383.90 Td (value ) Tj ET Q q 0 0 0 rg BT 484.35 383.90 Td (on ) Tj ET Q q 0 0 0 rg BT 496.71 383.90 Td (a ) Tj ET Q q 0 0 0 rg BT 503.50 383.90 Td (recurring ) Tj ET Q q 0 0 0 rg BT 542.50 383.90 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 371.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.59 371.90 Td (as ) Tj ET Q q 0 0 0 rg BT 117.36 371.90 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.57 371.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 150.02 371.90 Td (were ) Tj ET Q q 0 0 0 rg BT 171.89 371.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 212.10 371.90 Td (as ) Tj ET Q q 0 0 0 rg BT 222.87 371.90 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.64 371.90 Td (due ) Tj ET Q q 0 0 0 rg BT 260.53 371.90 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 371.90 Td (the ) Tj ET Q q 0 0 0 rg BT 285.41 371.90 Td (use ) Tj ET Q q 0 0 0 rg BT 301.18 371.90 Td (of ) Tj ET Q q 0 0 0 rg BT 311.96 371.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 357.72 371.90 Td (market ) Tj ET Q q 0 0 0 rg BT 387.92 371.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.24 371.90 Td (for ) Tj ET Q q 0 0 0 rg BT 428.35 371.90 Td (identical ) Tj ET Q q 0 0 0 rg BT 465.22 371.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 505.43 371.90 Td (that ) Tj ET Q q 0 0 0 rg BT 522.87 371.90 Td (are ) Tj ET Q q 0 0 0 rg BT 537.52 371.90 Td (traded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.90 Td (in ) Tj ET Q q 0 0 0 rg BT 59.33 359.90 Td (active ) Tj ET Q q 0 0 0 rg BT 85.26 359.90 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.91 359.90 Td (. ) Tj ET Q q 0 0 0 rg BT 121.47 359.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 175.72 359.90 Td (judgment ) Tj ET Q q 0 0 0 rg BT 215.55 359.90 Td (was ) Tj ET Q q 0 0 0 rg BT 233.15 359.90 Td (required ) Tj ET Q q 0 0 0 rg BT 268.52 359.90 Td (to ) Tj ET Q q 0 0 0 rg BT 278.35 359.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 320.39 359.90 Td (the ) Tj ET Q q 0 0 0 rg BT 334.66 359.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 360.03 359.90 Td (for ) Tj ET Q q 0 0 0 rg BT 373.75 359.90 Td (the ) Tj ET Q q 0 0 0 rg BT 388.02 359.90 Td (frequency ) Tj ET Q q 0 0 0 rg BT 430.05 359.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.43 359.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 490.25 359.90 Td (that ) Tj ET Q q 0 0 0 rg BT 507.30 359.90 Td (should ) Tj ET Q q 0 0 0 rg BT 536.02 359.90 Td (be ) Tj ET Q q 0 0 0 rg BT 547.51 359.90 Td (met ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.90 Td (for ) Tj ET Q q 0 0 0 rg BT 63.47 347.90 Td (a ) Tj ET Q q 0 0 0 rg BT 70.22 347.90 Td (market ) Tj ET Q q 0 0 0 rg BT 100.30 347.90 Td (to ) Tj ET Q q 0 0 0 rg BT 110.39 347.90 Td (be ) Tj ET Q q 0 0 0 rg BT 122.14 347.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 167.77 347.90 Td (active. ) Tj ET Q q 0 0 0 rg BT 196.45 347.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.31 347.90 Td (assessment ) Tj ET Q q 0 0 0 rg BT 261.06 347.90 Td (of ) Tj ET Q q 0 0 0 rg BT 271.71 347.90 Td (an ) Tj ET Q q 0 0 0 rg BT 283.46 347.90 Td (active ) Tj ET Q q 0 0 0 rg BT 309.64 347.90 Td (market ) Tj ET Q q 0 0 0 rg BT 339.72 347.90 Td (for ) Tj ET Q q 0 0 0 rg BT 353.69 347.90 Td (our ) Tj ET Q q 0 0 0 rg BT 369.33 347.90 Td (marketable ) Tj ET Q q 0 0 0 rg BT 416.06 347.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.59 347.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 484.57 347.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 524.08 347.90 Td (takes ) Tj ET Q q 0 0 0 rg BT 546.94 347.90 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.90 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.87 335.90 Td (the ) Tj ET Q q 0 0 0 rg BT 120.59 335.90 Td (number ) Tj ET Q q 0 0 0 rg BT 153.64 335.90 Td (of ) Tj ET Q q 0 0 0 rg BT 164.47 335.90 Td (days ) Tj ET Q q 0 0 0 rg BT 185.30 335.90 Td (each ) Tj ET Q q 0 0 0 rg BT 206.11 335.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 249.16 335.90 Td (instrument ) Tj ET Q q 0 0 0 rg BT 294.44 335.90 Td (trades ) Tj ET Q q 0 0 0 rg BT 320.81 335.90 Td (over ) Tj ET Q q 0 0 0 rg BT 341.08 335.90 Td (a ) Tj ET Q q 0 0 0 rg BT 348.02 335.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 386.61 335.90 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 318.90 Td (When ) Tj ET Q q 0 0 0 rg BT 98.87 318.90 Td (we ) Tj ET Q q 0 0 0 rg BT 112.03 318.90 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.85 318.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 171.66 318.90 Td (market ) Tj ET Q q 0 0 0 rg BT 200.92 318.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.29 318.90 Td (for ) Tj ET Q q 0 0 0 rg BT 239.44 318.90 Td (identical ) Tj ET Q q 0 0 0 rg BT 275.37 318.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 314.62 318.90 Td (that ) Tj ET Q q 0 0 0 rg BT 331.11 318.90 Td (are ) Tj ET Q q 0 0 0 rg BT 344.81 318.90 Td (traded ) Tj ET Q q 0 0 0 rg BT 371.29 318.90 Td (in ) Tj ET Q q 0 0 0 rg BT 380.57 318.90 Td (less ) Tj ET Q q 0 0 0 rg BT 397.06 318.90 Td (active ) Tj ET Q q 0 0 0 rg BT 422.43 318.90 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.08 318.90 Td (, ) Tj ET Q q 0 0 0 rg BT 458.08 318.90 Td (we ) Tj ET Q q 0 0 0 rg BT 471.23 318.90 Td (classify ) Tj ET Q q 0 0 0 rg BT 503.27 318.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.09 318.90 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.55 306.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 135.29 306.90 Td (as ) Tj ET Q q 0 0 0 rg BT 145.69 306.90 Td (Level ) Tj ET Q q 0 0 0 rg BT 170.52 306.90 Td (2. ) Tj ET Q q 0 0 0 rg BT 179.94 306.90 Td (When ) Tj ET Q q 0 0 0 rg BT 205.89 306.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 251.27 306.90 Td (market ) Tj ET Q q 0 0 0 rg BT 281.11 306.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 307.06 306.90 Td (for ) Tj ET Q q 0 0 0 rg BT 320.79 306.90 Td (identical ) Tj ET Q q 0 0 0 rg BT 357.29 306.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 397.12 306.90 Td (are ) Tj ET Q q 0 0 0 rg BT 411.40 306.90 Td (not ) Tj ET Q q 0 0 0 rg BT 426.25 306.90 Td (available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.33 306.90 Td (, ) Tj ET Q q 0 0 0 rg BT 466.90 306.90 Td (we ) Tj ET Q q 0 0 0 rg BT 480.63 306.90 Td (price ) Tj ET Q q 0 0 0 rg BT 502.69 306.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.09 306.90 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.28 294.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 134.75 294.90 Td (using ) Tj ET Q q 0 0 0 rg BT 158.23 294.90 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 208.92 294.90 Td (market ) Tj ET Q q 0 0 0 rg BT 238.48 294.90 Td (consensus ) Tj ET Q q 0 0 0 rg BT 280.84 294.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 306.52 294.90 Td (that ) Tj ET Q q 0 0 0 rg BT 323.32 294.90 Td (are ) Tj ET Q q 0 0 0 rg BT 337.33 294.90 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 390.21 294.90 Td (with ) Tj ET Q q 0 0 0 rg BT 409.79 294.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 454.91 294.90 Td (market ) Tj ET Q q 0 0 0 rg BT 484.48 294.90 Td (data; ) Tj ET Q q 0 0 0 rg BT 505.72 294.90 Td (quoted ) Tj ET Q q 0 0 0 rg BT 534.74 294.90 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.88 282.90 Td (for ) Tj ET Q q 0 0 0 rg BT 90.05 282.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 120.33 282.90 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 172.27 282.90 Td (or ) Tj ET Q q 0 0 0 rg BT 183.11 282.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 213.94 282.90 Td (models ) Tj ET Q q 0 0 0 rg BT 245.33 282.90 Td (with ) Tj ET Q q 0 0 0 rg BT 265.61 282.90 Td (all ) Tj ET Q q 0 0 0 rg BT 278.11 282.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.83 282.90 Td (inputs ) Tj ET Q q 0 0 0 rg BT 349.78 282.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 382.27 282.90 Td (from ) Tj ET Q q 0 0 0 rg BT 404.22 282.90 Td (or ) Tj ET Q q 0 0 0 rg BT 415.05 282.90 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 468.64 282.90 Td (with ) Tj ET Q q 0 0 0 rg BT 488.92 282.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 534.74 282.90 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.90 Td (data. ) Tj ET Q q 0 0 0 rg BT 71.47 270.90 Td (Non-binding ) Tj ET Q q 0 0 0 rg BT 125.39 270.90 Td (market ) Tj ET Q q 0 0 0 rg BT 155.97 270.90 Td (consensus ) Tj ET Q q 0 0 0 rg BT 199.33 270.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.03 270.90 Td (are ) Tj ET Q q 0 0 0 rg BT 241.05 270.90 Td (based ) Tj ET Q q 0 0 0 rg BT 266.63 270.90 Td (on ) Tj ET Q q 0 0 0 rg BT 279.44 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 294.47 270.90 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 341.71 270.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.74 270.90 Td (models ) Tj ET Q q 0 0 0 rg BT 413.44 270.90 Td (of ) Tj ET Q q 0 0 0 rg BT 424.58 270.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 455.72 270.90 Td (providers. ) Tj ET Q q 0 0 0 rg BT 498.60 270.90 Td (These ) Tj ET Q q 0 0 0 rg BT 525.29 270.90 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.90 Td (models ) Tj ET Q q 0 0 0 rg BT 80.93 258.90 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 129.00 258.90 Td (a ) Tj ET Q q 0 0 0 rg BT 135.98 258.90 Td (number ) Tj ET Q q 0 0 0 rg BT 169.07 258.90 Td (of ) Tj ET Q q 0 0 0 rg BT 179.94 258.90 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 209.43 258.90 Td (including ) Tj ET Q q 0 0 0 rg BT 249.74 258.90 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 301.17 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 258.90 Td (binding ) Tj ET Q q 0 0 0 rg BT 351.24 258.90 Td (broker ) Tj ET Q q 0 0 0 rg BT 379.88 258.90 Td (quotes; ) Tj ET Q q 0 0 0 rg BT 411.31 258.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 457.17 258.90 Td (market ) Tj ET Q q 0 0 0 rg BT 487.47 258.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.89 258.90 Td (for ) Tj ET Q q 0 0 0 rg BT 528.09 258.90 Td (identical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.90 Td (or ) Tj ET Q q 0 0 0 rg BT 59.89 246.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.72 246.90 Td (securities; ) Tj ET Q q 0 0 0 rg BT 132.32 246.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.82 246.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.10 246.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 195.70 246.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.21 246.90 Td (of ) Tj ET Q q 0 0 0 rg BT 257.60 246.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 287.98 246.90 Td (providers ) Tj ET Q q 0 0 0 rg BT 327.81 246.90 Td (or ) Tj ET Q q 0 0 0 rg BT 338.20 246.90 Td (brokers ) Tj ET Q q 0 0 0 rg BT 370.25 246.90 Td (that ) Tj ET Q q 0 0 0 rg BT 387.30 246.90 Td (use ) Tj ET Q q 0 0 0 rg BT 402.69 246.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 448.07 246.90 Td (market ) Tj ET Q q 0 0 0 rg BT 477.89 246.90 Td (inputs ) Tj ET Q q 0 0 0 rg BT 504.40 246.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 523.40 246.90 Td (to ) Tj ET Q q 0 0 0 rg BT 533.24 246.90 Td (a ) Tj ET Q q 0 0 0 rg BT 539.73 246.90 Td (lesser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.90 Td (degree, ) Tj ET Q q 0 0 0 rg BT 81.55 234.90 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 137.78 234.90 Td (market ) Tj ET Q q 0 0 0 rg BT 168.45 234.90 Td (inputs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.90 234.90 Td (. ) Tj ET Q q 0 0 0 rg BT 198.10 234.90 Td (W) Tj ET Q q 0 0 0 rg BT 206.74 234.90 Td (e ) Tj ET Q q 0 0 0 rg BT 214.08 234.90 Td (corroborate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.08 234.90 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 314.87 234.90 Td (market ) Tj ET Q q 0 0 0 rg BT 345.55 234.90 Td (consensus ) Tj ET Q q 0 0 0 rg BT 389.01 234.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 415.79 234.90 Td (with ) Tj ET Q q 0 0 0 rg BT 436.48 234.90 Td (observable ) Tj ET Q q 0 0 0 rg BT 482.71 234.90 Td (market ) Tj ET Q q 0 0 0 rg BT 513.38 234.90 Td (data ) Tj ET Q q 0 0 0 rg BT 532.94 234.90 Td (as ) Tj ET Q q 0 0 0 rg BT 544.18 234.90 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.90 Td (data ) Tj ET Q q 0 0 0 rg BT 68.66 222.90 Td (exists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.43 222.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 205.90 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 205.90 Td (e ) Tj ET Q q 0 0 0 rg BT 89.08 205.90 Td (had ) Tj ET Q q 0 0 0 rg BT 106.01 205.90 Td (no ) Tj ET Q q 0 0 0 rg BT 118.51 205.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 168.79 205.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 209.05 205.90 Td (as ) Tj ET Q q 0 0 0 rg BT 219.88 205.90 Td (Level ) Tj ET Q q 0 0 0 rg BT 245.15 205.90 Td (3 ) Tj ET Q q 0 0 0 rg BT 252.65 205.90 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.36 205.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 320.95 205.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.95 205.90 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 179.60 Td (Deferred Commissions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 163.10 Td (Deferred commission expenses are the incremental costs that are directly associated with non-cancelable subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (contracts with customers and consist of sales commissions paid to our direct sales force. Commissions are calculated based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (percentage of the revenues for the non-cancelable term of subscription contracts, which are typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.05 139.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.05 139.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.83 139.10 Td (5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.43 139.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 122.60 Td (Prior to 2013, commissions were paid and recognized as sales expense when customer payments for contracted services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.60 Td (were received on a monthly basis because commissions were earned based on receipt of customer payments. In 2013, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.60 Td (amended our commission plans to provide for payment after the customer) Tj ET Q q 0 0 0 rg BT 345.34 98.60 Td () Tj ET Q q 0 0 0 rg BT 348.12 98.60 Td (s contract is signed. ) Tj ET Q q 0 0 0 rg BT 428.94 98.60 Td (As a result of the change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.60 Td (commission plans, beginning in 2013, commission expense is deferred and amortized to sales expense over the non-cancelable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.60 Td (terms of the related subscription contracts. ) Tj ET Q q 0 0 0 rg BT 221.77 74.60 Td (The deferred commission expense amounts are recoverable through the future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.60 Td (revenue streams under the non-cancelable customer contracts. ) Tj ET Q q 0 0 0 rg BT 299.76 62.60 Td (The plans also include claw back provisions, which require ) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (repayment of a proportionate amount of commissions, should customers cancel their contracts prior to the end of the initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (contractual term.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 701.80 Td (Software ) Tj ET Q q 0 0 0 rg BT 90.67 701.80 Td (and ) Tj ET Q q 0 0 0 rg BT 108.55 701.80 Td (W) Tj ET Q q 0 0 0 rg BT 116.70 701.80 Td (ebsite ) Tj ET Q q 0 0 0 rg BT 142.53 701.80 Td (Development ) Tj ET Q q 0 0 0 rg BT 198.90 701.80 Td (Costs) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 684.80 Td (The ) Tj ET Q q 0 0 0 rg BT 92.26 684.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.36 684.80 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 179.77 684.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 213.53 684.80 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 684.80 Td (external ) Tj ET Q q 0 0 0 rg BT 266.60 684.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.81 684.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 326.34 684.80 Td (to ) Tj ET Q q 0 0 0 rg BT 337.34 684.80 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.21 684.80 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.62 684.80 Td (software ) Tj ET Q q 0 0 0 rg BT 460.27 684.80 Td (and ) Tj ET Q q 0 0 0 rg BT 477.92 684.80 Td (website ) Tj ET Q q 0 0 0 rg BT 511.68 684.80 Td (applications. ) Tj ET Q q 0 0 0 rg BT 565.00 684.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.80 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 96.95 672.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 129.40 672.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.31 672.80 Td (include ) Tj ET Q q 0 0 0 rg BT 182.65 672.80 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 217.04 672.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.61 672.80 Td (and ) Tj ET Q q 0 0 0 rg BT 266.96 672.80 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 316.07 672.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 373.52 672.80 Td (char) Tj ET Q q 0 0 0 rg BT 390.55 672.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 405.79 672.80 Td (for ) Tj ET Q q 0 0 0 rg BT 419.36 672.80 Td (employees ) Tj ET Q q 0 0 0 rg BT 464.03 672.80 Td (that ) Tj ET Q q 0 0 0 rg BT 480.94 672.80 Td (are ) Tj ET Q q 0 0 0 rg BT 495.05 672.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 527.50 672.80 Td (involved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.80 Td (in ) Tj ET Q q 0 0 0 rg BT 59.09 660.80 Td (developing ) Tj ET Q q 0 0 0 rg BT 105.34 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.37 660.80 Td (software ) Tj ET Q q 0 0 0 rg BT 155.61 660.80 Td (or ) Tj ET Q q 0 0 0 rg BT 165.75 660.80 Td (website ) Tj ET Q q 0 0 0 rg BT 198.11 660.80 Td (application, ) Tj ET Q q 0 0 0 rg BT 246.85 660.80 Td (and ) Tj ET Q q 0 0 0 rg BT 263.11 660.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 314.34 660.80 Td (of ) Tj ET Q q 0 0 0 rg BT 324.48 660.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.62 660.80 Td (used ) Tj ET Q q 0 0 0 rg BT 369.77 660.80 Td (in ) Tj ET Q q 0 0 0 rg BT 379.36 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 393.39 660.80 Td (development ) Tj ET Q q 0 0 0 rg BT 446.85 660.80 Td (process. ) Tj ET Q q 0 0 0 rg BT 481.15 660.80 Td ( ) Tj ET Q q 0 0 0 rg BT 482.97 660.80 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 530.32 660.80 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.75 648.80 Td (include ) Tj ET Q q 0 0 0 rg BT 105.44 648.80 Td (third-party ) Tj ET Q q 0 0 0 rg BT 151.45 648.80 Td (consultants ) Tj ET Q q 0 0 0 rg BT 199.70 648.80 Td (involved ) Tj ET Q q 0 0 0 rg BT 237.94 648.80 Td (in ) Tj ET Q q 0 0 0 rg BT 248.97 648.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 648.80 Td (development ) Tj ET Q q 0 0 0 rg BT 319.34 648.80 Td (process, ) Tj ET Q q 0 0 0 rg BT 355.08 648.80 Td (as ) Tj ET Q q 0 0 0 rg BT 366.66 648.80 Td (well ) Tj ET Q q 0 0 0 rg BT 387.13 648.80 Td (as ) Tj ET Q q 0 0 0 rg BT 398.71 648.80 Td (other ) Tj ET Q q 0 0 0 rg BT 422.51 648.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 448.52 648.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.78 648.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.34 648.80 Td (as ) Tj ET Q q 0 0 0 rg BT 519.92 648.80 Td (part ) Tj ET Q q 0 0 0 rg BT 538.72 648.80 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 648.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.80 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 636.80 Td (process.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 619.80 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 131.74 619.80 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 619.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.37 619.80 Td (begins ) Tj ET Q q 0 0 0 rg BT 192.62 619.80 Td (when ) Tj ET Q q 0 0 0 rg BT 216.43 619.80 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 619.80 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 279.59 619.80 Td (project ) Tj ET Q q 0 0 0 rg BT 309.50 619.80 Td (stage ) Tj ET Q q 0 0 0 rg BT 332.20 619.80 Td (has ) Tj ET Q q 0 0 0 rg BT 347.67 619.80 Td (been ) Tj ET Q q 0 0 0 rg BT 368.70 619.80 Td (completed, ) Tj ET Q q 0 0 0 rg BT 415.00 619.80 Td (management ) Tj ET Q q 0 0 0 rg BT 468.23 619.80 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 511.47 619.80 Td (and ) Tj ET Q q 0 0 0 rg BT 528.06 619.80 Td (commits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.80 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 607.80 Td (funding ) Tj ET Q q 0 0 0 rg BT 93.88 607.80 Td (a ) Tj ET Q q 0 0 0 rg BT 101.06 607.80 Td (project ) Tj ET Q q 0 0 0 rg BT 131.57 607.80 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 607.80 Td (it ) Tj ET Q q 0 0 0 rg BT 157.06 607.80 Td (is ) Tj ET Q q 0 0 0 rg BT 166.47 607.80 Td (probable ) Tj ET Q q 0 0 0 rg BT 204.20 607.80 Td (that ) Tj ET Q q 0 0 0 rg BT 221.94 607.80 Td (the ) Tj ET Q q 0 0 0 rg BT 236.91 607.80 Td (project ) Tj ET Q q 0 0 0 rg BT 267.42 607.80 Td (will ) Tj ET Q q 0 0 0 rg BT 285.72 607.80 Td (be ) Tj ET Q q 0 0 0 rg BT 297.90 607.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 342.30 607.80 Td (and ) Tj ET Q q 0 0 0 rg BT 359.48 607.80 Td (the ) Tj ET Q q 0 0 0 rg BT 374.45 607.80 Td (software ) Tj ET Q q 0 0 0 rg BT 411.62 607.80 Td (or ) Tj ET Q q 0 0 0 rg BT 422.70 607.80 Td (website ) Tj ET Q q 0 0 0 rg BT 455.99 607.80 Td (application ) Tj ET Q q 0 0 0 rg BT 503.16 607.80 Td (will ) Tj ET Q q 0 0 0 rg BT 521.46 607.80 Td (be ) Tj ET Q q 0 0 0 rg BT 533.65 607.80 Td (used ) Tj ET Q q 0 0 0 rg BT 554.72 607.80 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 595.80 Td (perform ) Tj ET Q q 0 0 0 rg BT 83.42 595.80 Td (the ) Tj ET Q q 0 0 0 rg BT 97.36 595.80 Td (function ) Tj ET Q q 0 0 0 rg BT 132.40 595.80 Td (intended. ) Tj ET Q q 0 0 0 rg BT 171.05 595.80 Td ( ) Tj ET Q q 0 0 0 rg BT 172.76 595.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 205.57 595.80 Td (and ) Tj ET Q q 0 0 0 rg BT 221.73 595.80 Td (external ) Tj ET Q q 0 0 0 rg BT 255.65 595.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.36 595.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 312.40 595.80 Td (as ) Tj ET Q q 0 0 0 rg BT 322.44 595.80 Td (part ) Tj ET Q q 0 0 0 rg BT 339.71 595.80 Td (of ) Tj ET Q q 0 0 0 rg BT 349.75 595.80 Td (the ) Tj ET Q q 0 0 0 rg BT 363.68 595.80 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 412.05 595.80 Td (project ) Tj ET Q q 0 0 0 rg BT 441.53 595.80 Td (stage ) Tj ET Q q 0 0 0 rg BT 463.79 595.80 Td (are ) Tj ET Q q 0 0 0 rg BT 477.72 595.80 Td (expensed ) Tj ET Q q 0 0 0 rg BT 516.64 595.80 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 595.80 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 595.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 578.80 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 132.14 578.80 Td (ceases ) Tj ET Q q 0 0 0 rg BT 160.22 578.80 Td (at ) Tj ET Q q 0 0 0 rg BT 169.98 578.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 578.80 Td (point ) Tj ET Q q 0 0 0 rg BT 207.84 578.80 Td (at ) Tj ET Q q 0 0 0 rg BT 217.60 578.80 Td (which ) Tj ET Q q 0 0 0 rg BT 244.58 578.80 Td (the ) Tj ET Q q 0 0 0 rg BT 259.34 578.80 Td (project ) Tj ET Q q 0 0 0 rg BT 289.65 578.80 Td (is ) Tj ET Q q 0 0 0 rg BT 298.87 578.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 351.96 578.80 Td (complete ) Tj ET Q q 0 0 0 rg BT 391.16 578.80 Td (and ) Tj ET Q q 0 0 0 rg BT 408.14 578.80 Td (ready ) Tj ET Q q 0 0 0 rg BT 432.89 578.80 Td (for ) Tj ET Q q 0 0 0 rg BT 447.09 578.80 Td (its ) Tj ET Q q 0 0 0 rg BT 459.09 578.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 496.06 578.80 Td (use. ) Tj ET Q q 0 0 0 rg BT 514.44 578.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 548.08 578.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.80 Td (external ) Tj ET Q q 0 0 0 rg BT 84.20 566.80 Td (training ) Tj ET Q q 0 0 0 rg BT 117.81 566.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.31 566.80 Td (and ) Tj ET Q q 0 0 0 rg BT 157.24 566.80 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 210.27 566.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.77 566.80 Td (during ) Tj ET Q q 0 0 0 rg BT 261.38 566.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.10 566.80 Td (post-implementation ) Tj ET Q q 0 0 0 rg BT 361.36 566.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 401.62 566.80 Td (stage ) Tj ET Q q 0 0 0 rg BT 424.67 566.80 Td (are ) Tj ET Q q 0 0 0 rg BT 439.38 566.80 Td (expensed ) Tj ET Q q 0 0 0 rg BT 479.08 566.80 Td (as ) Tj ET Q q 0 0 0 rg BT 489.92 566.80 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 549.80 Td (Internal-developed ) Tj ET Q q 0 0 0 rg BT 151.73 549.80 Td (core ) Tj ET Q q 0 0 0 rg BT 171.65 549.80 Td (software ) Tj ET Q q 0 0 0 rg BT 208.79 549.80 Td (is ) Tj ET Q q 0 0 0 rg BT 218.18 549.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 260.87 549.80 Td (on ) Tj ET Q q 0 0 0 rg BT 273.59 549.80 Td (a ) Tj ET Q q 0 0 0 rg BT 280.74 549.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 331.77 549.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 354.49 549.80 Td (over ) Tj ET Q q 0 0 0 rg BT 374.97 549.80 Td (its ) Tj ET Q q 0 0 0 rg BT 387.13 549.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 428.17 549.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 455.32 549.80 Td (life, ) Tj ET Q q 0 0 0 rg BT 473.86 549.80 Td (generally) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.06 549.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.77 549.80 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.76 549.80 Td ( ) Tj ET Q q 0 0 0 rg BT 536.47 549.80 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.96 549.80 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 549.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 537.80 Td (years. ) Tj ET Q q 0 0 0 rg BT 74.67 537.80 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 130.00 537.80 Td (of ) Tj ET Q q 0 0 0 rg BT 140.34 537.80 Td (product ) Tj ET Q q 0 0 0 rg BT 172.90 537.80 Td (related ) Tj ET Q q 0 0 0 rg BT 202.11 537.80 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 251.32 537.80 Td (software ) Tj ET Q q 0 0 0 rg BT 287.76 537.80 Td (and ) Tj ET Q q 0 0 0 rg BT 304.21 537.80 Td (website ) Tj ET Q q 0 0 0 rg BT 336.77 537.80 Td (applications ) Tj ET Q q 0 0 0 rg BT 387.10 537.80 Td (is ) Tj ET Q q 0 0 0 rg BT 395.78 537.80 Td (typically ) Tj ET Q q 0 0 0 rg BT 432.78 537.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 469.77 537.80 Td (to ) Tj ET Q q 0 0 0 rg BT 479.56 537.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.67 537.80 Td (of ) Tj ET Q q 0 0 0 rg BT 508.02 537.80 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 548.06 537.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 525.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.68 525.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.64 525.80 Td (other ) Tj ET Q q 0 0 0 rg BT 136.83 525.80 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 186.67 525.80 Td (software ) Tj ET Q q 0 0 0 rg BT 223.74 525.80 Td (and ) Tj ET Q q 0 0 0 rg BT 240.81 525.80 Td (website ) Tj ET Q q 0 0 0 rg BT 274.00 525.80 Td (applications ) Tj ET Q q 0 0 0 rg BT 324.96 525.80 Td (is ) Tj ET Q q 0 0 0 rg BT 334.26 525.80 Td (typically ) Tj ET Q q 0 0 0 rg BT 371.89 525.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.51 525.80 Td (to ) Tj ET Q q 0 0 0 rg BT 419.92 525.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.78 525.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.18 525.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 510.02 525.80 Td (line ) Tj ET Q q 0 0 0 rg BT 527.66 525.80 Td (to ) Tj ET Q q 0 0 0 rg BT 538.07 525.80 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.80 Td (it ) Tj ET Q q 0 0 0 rg BT 58.23 513.80 Td (most ) Tj ET Q q 0 0 0 rg BT 80.85 513.80 Td (closely ) Tj ET Q q 0 0 0 rg BT 112.34 513.80 Td (relates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.94 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 144.11 513.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 162.83 513.80 Td (management ) Tj ET Q q 0 0 0 rg BT 217.09 513.80 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.47 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 272.85 513.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 300.46 513.80 Td (lives ) Tj ET Q q 0 0 0 rg BT 322.52 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.02 513.80 Td (these ) Tj ET Q q 0 0 0 rg BT 357.74 513.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 384.24 513.80 Td (on ) Tj ET Q q 0 0 0 rg BT 397.42 513.80 Td (an ) Tj ET Q q 0 0 0 rg BT 410.02 513.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 439.85 513.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 463.02 513.80 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.46 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 480.63 513.80 Td (tests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.58 513.80 Td (for ) Tj ET Q q 0 0 0 rg BT 516.41 513.80 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.80 Td (whenever ) Tj ET Q q 0 0 0 rg BT 90.79 501.80 Td (events ) Tj ET Q q 0 0 0 rg BT 118.77 501.80 Td (or ) Tj ET Q q 0 0 0 rg BT 129.52 501.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 164.15 501.80 Td (in ) Tj ET Q q 0 0 0 rg BT 174.36 501.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 233.42 501.80 Td (occur ) Tj ET Q q 0 0 0 rg BT 258.06 501.80 Td (that ) Tj ET Q q 0 0 0 rg BT 275.48 501.80 Td (could ) Tj ET Q q 0 0 0 rg BT 300.12 501.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 329.76 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 344.40 501.80 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 402.35 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 413.11 501.80 Td (these ) Tj ET Q q 0 0 0 rg BT 436.08 501.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 464.16 501.80 Td (The ) Tj ET Q q 0 0 0 rg BT 482.14 501.80 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 527.87 501.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 550.29 501.80 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.80 Td (included ) Tj ET Q q 0 0 0 rg BT 86.15 489.80 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.93 489.80 Td ( ) Tj ET Q q 0 0 0 rg BT 96.14 489.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.57 489.80 Td (property ) Tj ET Q q 0 0 0 rg BT 146.66 489.80 Td (and ) Tj ET Q q 0 0 0 rg BT 163.32 489.80 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 210.24 489.80 Td (net ) Tj ET Q q 0 0 0 rg BT 224.67 489.80 Td (line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.88 489.80 Td (in ) Tj ET Q q 0 0 0 rg BT 251.88 489.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.31 489.80 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 326.83 489.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 379.59 489.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 412.33 489.80 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 441.49 489.80 Td (For ) Tj ET Q q 0 0 0 rg BT 457.59 489.80 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.81 489.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.02 489.80 Td (years ) Tj ET Q q 0 0 0 rg BT 495.34 489.80 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.21 489.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.43 489.80 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 477.80 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 477.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.64 477.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 477.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.78 477.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.78 477.80 Td ( ) Tj ET Q q 0 0 0 rg BT 112.42 477.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.50 477.80 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 477.80 Td (, ) Tj ET Q q 0 0 0 rg BT 154.65 477.80 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.95 477.80 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 214.90 477.80 Td (software ) Tj ET Q q 0 0 0 rg BT 251.97 477.80 Td (and ) Tj ET Q q 0 0 0 rg BT 269.05 477.80 Td (website ) Tj ET Q q 0 0 0 rg BT 302.23 477.80 Td (application ) Tj ET Q q 0 0 0 rg BT 349.30 477.80 Td (development ) Tj ET Q q 0 0 0 rg BT 403.60 477.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 426.24 477.80 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.57 477.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.21 477.80 Td ($15.9 ) Tj ET Q q 0 0 0 rg BT 462.35 477.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.24 477.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.38 477.80 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 516.53 477.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.42 477.80 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 477.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 465.80 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 69.50 465.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 465.80 Td (, ) Tj ET Q q 0 0 0 rg BT 103.39 465.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 151.05 465.80 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 439.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 83.11 439.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 439.50 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 422.50 Td (The ) Tj ET Q q 0 0 0 rg BT 92.06 422.50 Td (following ) Tj ET Q q 0 0 0 rg BT 133.96 422.50 Td (tables ) Tj ET Q q 0 0 0 rg BT 160.30 422.50 Td (set ) Tj ET Q q 0 0 0 rg BT 174.42 422.50 Td (forth ) Tj ET Q q 0 0 0 rg BT 196.88 422.50 Td (our ) Tj ET Q q 0 0 0 rg BT 213.22 422.50 Td (results ) Tj ET Q q 0 0 0 rg BT 242.34 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 253.69 422.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.36 422.50 Td (for ) Tj ET Q q 0 0 0 rg BT 313.03 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 422.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 360.71 422.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 402.04 422.50 Td (and ) Tj ET Q q 0 0 0 rg BT 419.50 422.50 Td (as ) Tj ET Q q 0 0 0 rg BT 430.84 422.50 Td (a ) Tj ET Q q 0 0 0 rg BT 438.29 422.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 484.61 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.95 422.50 Td (our ) Tj ET Q q 0 0 0 rg BT 512.30 422.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.85 422.50 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (those ) Tj ET Q q 0 0 0 rg BT 73.11 410.50 Td (periods. ) Tj ET Q q 0 0 0 rg BT 107.37 410.50 Td (The ) Tj ET Q q 0 0 0 rg BT 125.41 410.50 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 193.45 410.50 Td (comparison ) Tj ET Q q 0 0 0 rg BT 242.60 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 253.43 410.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.91 410.50 Td (results ) Tj ET Q q 0 0 0 rg BT 319.52 410.50 Td (is ) Tj ET Q q 0 0 0 rg BT 328.69 410.50 Td (not ) Tj ET Q q 0 0 0 rg BT 343.97 410.50 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 390.89 410.50 Td (indicative ) Tj ET Q q 0 0 0 rg BT 432.82 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 443.65 410.50 Td (future ) Tj ET Q q 0 0 0 rg BT 470.03 410.50 Td (results.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 361.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 361.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 361.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 361.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 361.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 361.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 331.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 331.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 331.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 331.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 331.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 331.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 301.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 301.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 301.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 301.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 301.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 301.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 271.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 271.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 271.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 271.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 271.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 271.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 241.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 241.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 241.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 241.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 241.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 241.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 211.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 211.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 211.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 211.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 211.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 211.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 181.00 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 181.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 181.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 181.00 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 181.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 181.00 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 387 m 449 387 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 387 m 453 387 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 387 m 506 387 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 387 m 563 387 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 374 m 449 374 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 387 m 506 387 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 374 m 506 374 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 387 m 510 387 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 374 m 563 374 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 331 m 449 331 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 331 m 506 331 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 331 m 563 331 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 316 m 449 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 331 m 506 331 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 316 m 506 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 316 m 563 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 256 m 449 256 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 256 m 506 256 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 256 m 563 256 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 241 m 449 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 241 m 506 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 241 m 563 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 241 m 449 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 241 m 506 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 241 m 563 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 211 m 449 211 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 211 m 506 211 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 211 m 563 211 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 181 m 449 181 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 181 m 506 181 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 181 m 563 181 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 167 m 449 167 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 165 m 449 165 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 167 m 506 167 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 165 m 506 165 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 167 m 563 167 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 165 m 563 165 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 391.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 391.23 Td (Year ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 378.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 378.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 378.23 Td (2013 \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 378.23 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 365.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 365.23 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 351.57 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 350.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 350.67 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 350.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 350.67 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 350.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 350.67 Td (101,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 336.57 Td (Cost of revenues \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 335.67 Td (46,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 335.67 Td (32,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 335.67 Td (23,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 321.57 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 320.67 Td (115,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 320.67 Td (95,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 320.67 Td (78,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 306.57 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 291.57 Td (Sales and marketing \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 290.67 Td (26,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 290.67 Td (21,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 290.67 Td (17,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 276.57 Td (Research and development \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 275.67 Td (28,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 275.67 Td (24,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 275.67 Td (18,053) Tj ET Q BT /F1 10.00 Tf ET 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0 rg BT 545.80 215.72 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 215.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 201.57 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 200.67 Td (21,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 200.67 Td (19,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 200.67 Td (21,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 186.57 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 185.67 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 185.67 Td (6,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 185.67 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 171.57 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 170.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 170.67 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 170.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 170.67 Td (13,318) Tj ET Q BT 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0 rg BT 435.60 724.73 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 711.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 711.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 711.73 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 698.73 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 684.17 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 684.17 Td (1,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 684.17 Td (745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 684.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 684.17 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 669.17 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 669.17 Td (1,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 669.17 Td (1,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 669.17 Td (467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 654.17 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 654.17 Td (3,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 654.17 Td (3,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 654.17 Td (1,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 639.17 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 639.17 Td (7,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 639.17 Td (9,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 639.17 Td (4,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 624.17 Td (14,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 624.17 Td (14,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 624.17 Td (6,849) 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396 540.5 m 449 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 540.5 m 506 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 540.5 m 563 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 465.5 m 449 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 465.5 m 506 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 465.5 m 563 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 450.5 m 449 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 450.5 m 506 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 450.5 m 563 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 420.5 m 449 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 420.5 m 506 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 420.5 m 563 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 390.5 m 449 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 390.5 m 506 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 390.5 m 563 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 376.5 m 449 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 374.5 m 449 374.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 376.5 m 506 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 374.5 m 506 374.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 376.5 m 563 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 374.5 m 563 374.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 600.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 600.73 Td (Year ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 587.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 587.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 587.73 Td (2013 \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 587.73 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 574.73 Td (\(as a percentage of revenues\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 560.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 560.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 560.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 560.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 560.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 560.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 560.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 545.17 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 545.17 Td (28.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 545.17 Td (25.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 545.17 Td (22.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 530.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 530.17 Td (71.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 530.17 Td (74.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 530.17 Td (77.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 515.17 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 500.17 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 500.17 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 500.17 Td (16.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 500.17 Td (17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 485.17 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 485.17 Td (17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 485.17 Td (19.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 485.17 Td (17.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 470.17 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 470.17 Td (24.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 470.17 Td (24.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 470.17 Td (21.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 455.17 Td (58.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 455.17 Td (59.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 455.17 Td (56.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 440.17 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 440.17 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 440.17 Td (14.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 440.17 Td (20.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 425.17 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 425.17 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 425.17 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 425.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 410.17 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 410.17 Td (13.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 410.17 Td (15.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 410.17 Td (20.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 395.17 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 395.17 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 395.17 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 395.17 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 380.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 380.17 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 380.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 380.17 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 380.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 380.17 Td (19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 380.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.80 352.07 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 352.07 Td (The Consolidated Statement of Operations for the year ended December 31, 2013 has been revised, primarily to reflect an) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 342.07 Td (immaterial correction of the income tax provision related to the deductibility of compensation to our executive officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 332.07 Td (for income tax purposes under Section 162\(m\) of the Internal Revenue Code. The primary impact of the revision to 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 322.07 Td (was a decrease in the tax provision of $0.6 million. See Note 2 to our consolidated financial statements for further) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 312.07 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (42) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 723.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 723.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 723.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 723.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 172.37 723.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 194.31 723.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.14 723.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 248.17 723.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.67 723.10 Td (type ) Tj ET Q q 0 0 0 rg BT 280.39 723.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.55 723.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.27 723.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 341.21 723.10 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 668.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 668.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 668.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 668.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 668.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 639.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 639.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 639.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 639.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.60 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 609.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 609.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 609.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 609.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 609.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 557.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 557.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 557.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 557.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 557.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 557.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 528.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 528.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 528.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 528.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 528.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 528.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 694.6 m 449 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 694.6 m 453 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 694.6 m 506 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 694.6 m 563 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 681.6 m 449 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 681.6 m 506 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 681.6 m 563 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 624.6 m 449 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 624.6 m 506 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 624.6 m 563 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 624.6 m 449 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 610.6 m 449 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 608.6 m 449 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 624.6 m 506 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 610.6 m 506 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 608.6 m 506 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 624.6 m 563 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 610.6 m 563 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 608.6 m 563 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 583.6 m 449 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 583.6 m 453 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 583.6 m 506 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 583.6 m 563 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 570.6 m 449 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 570.6 m 506 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 570.6 m 563 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 513.6 m 506 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 513.6 m 563 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 513.6 m 449 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 499.6 m 449 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 497.6 m 449 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 513.6 m 506 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 499.6 m 506 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 497.6 m 506 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 513.6 m 563 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 499.6 m 563 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 497.6 m 563 497.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 698.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 685.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 685.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 685.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 672.83 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 659.33 Td (Revenue by type:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 645.17 Td (On-demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 644.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 644.27 Td (154,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 644.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 644.27 Td (118,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 644.27 Td (89,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 630.17 Td (On-premise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 629.27 Td (7,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 629.27 Td (9,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 629.27 Td (12,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 615.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 614.27 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 614.27 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 614.27 Td (101,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 600.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 587.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 574.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 574.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 574.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 561.83 Td (\(as a percentage of revenues\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 548.33 Td (Revenue by type:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 534.17 Td (On-demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 533.27 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 533.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 533.27 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 533.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 533.27 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 533.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 519.17 Td (On-premise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 518.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 518.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 518.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 518.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 518.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 518.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 504.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 503.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 503.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 503.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 503.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 503.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 503.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 478.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 478.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 94.30 478.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 123.43 478.10 Td (December ) Tj ET Q q 0 0 0 rg BT 167.54 478.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.51 478.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.51 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.97 478.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 250.22 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.28 478.10 Td (Y) Tj ET Q q 0 0 0 rg BT 265.28 478.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 281.08 478.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 310.22 478.10 Td (December ) Tj ET Q q 0 0 0 rg BT 354.33 478.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.29 478.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.29 478.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.26 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 399.67 478.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 417.13 478.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.13 478.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.89 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.35 478.10 Td ($33.1 ) Tj ET Q q 0 0 0 rg BT 520.32 478.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.21 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 478.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (25.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 80.33 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.49 466.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.21 466.10 Td (year ) Tj ET Q q 0 0 0 rg BT 128.91 466.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.29 466.10 Td (December ) Tj ET Q q 0 0 0 rg BT 198.88 466.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.38 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.88 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.88 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.38 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.21 466.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 289.13 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.41 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.12 466.10 Td (same ) Tj ET Q q 0 0 0 rg BT 337.17 466.10 Td (period ) Tj ET Q q 0 0 0 rg BT 365.22 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 466.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.05 466.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 445.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 124.48 445.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.79 445.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.54 445.10 Td (d ) Tj ET Q q 0 0 0 rg BT 205.32 445.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.09 445.10 Td ($35.8 ) Tj ET Q q 0 0 0 rg BT 245.37 445.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.26 445.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.53 445.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 324.86 445.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.85 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.95 445.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.16 445.10 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 412.43 445.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.33 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 445.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.85 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.63 445.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.18 445.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.95 445.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 89.19 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.16 433.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.25 433.10 Td ($20.2 ) Tj ET Q q 0 0 0 rg BT 149.40 433.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.29 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.94 433.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.25 433.10 Td (related ) Tj ET Q q 0 0 0 rg BT 217.10 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.53 433.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.51 433.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 302.59 433.10 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.47 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.12 433.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 362.26 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.79 433.10 Td (The ) Tj ET Q q 0 0 0 rg BT 380.99 433.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.39 433.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.82 433.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 446.46 433.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.01 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.66 433.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.84 433.10 Td (resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (from ) Tj ET Q q 0 0 0 rg BT 70.20 421.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 111.46 421.10 Td (base ) Tj ET Q q 0 0 0 rg BT 130.49 421.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 147.85 421.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 187.98 421.10 Td (from ) Tj ET Q q 0 0 0 rg BT 208.68 421.10 Td (new ) Tj ET Q q 0 0 0 rg BT 226.61 421.10 Td (contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.51 421.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 290.78 421.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.33 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.59 421.10 Td (users ) Tj ET Q q 0 0 0 rg BT 359.41 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.11 421.10 Td (from ) Tj ET Q q 0 0 0 rg BT 395.81 421.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 433.18 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.77 421.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 475.70 421.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 521.95 421.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.52 409.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.10 409.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 97.34 409.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 136.52 409.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 182.63 409.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 222.91 409.10 Td (which ) Tj ET Q q 0 0 0 rg BT 249.60 409.10 Td (are ) Tj ET Q q 0 0 0 rg BT 264.05 409.10 Td (not ) Tj ET Q q 0 0 0 rg BT 279.07 409.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 316.31 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.33 409.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 366.34 409.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 412.46 409.10 Td (volume, ) Tj ET Q q 0 0 0 rg BT 447.20 409.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 487.20 409.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.88 409.10 Td ($71.5 ) Tj ET Q q 0 0 0 rg BT 533.62 409.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.52 409.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 397.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.46 397.10 Td (year ) Tj ET Q q 0 0 0 rg BT 98.21 397.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.63 397.10 Td (December ) Tj ET Q q 0 0 0 rg BT 168.25 397.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.75 397.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.29 397.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.29 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.84 397.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.16 397.10 Td ($102.5 ) Tj ET Q q 0 0 0 rg BT 246.20 397.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.09 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.63 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.83 397.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.59 397.10 Td (year ) Tj ET Q q 0 0 0 rg BT 326.34 397.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.76 397.10 Td (December ) Tj ET Q q 0 0 0 rg BT 396.38 397.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.88 397.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.42 397.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.42 397.10 Td (. ) Tj ET Q q 0 0 0 rg BT 436.28 397.10 Td (The ) Tj ET Q q 0 0 0 rg BT 454.37 397.10 Td (number ) Tj ET Q q 0 0 0 rg BT 487.46 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.33 397.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 542.51 397.10 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.76 385.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.51 385.10 Td (d ) Tj ET Q q 0 0 0 rg BT 113.22 385.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.92 385.10 Td (32.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.75 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.46 385.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.60 385.10 Td (95,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.10 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.80 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 217.84 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.88 385.10 Td (December ) Tj ET Q q 0 0 0 rg BT 272.66 385.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.87 385.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.87 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.57 385.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.06 385.10 Td (126,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.56 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.26 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.30 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.33 385.10 Td (December ) Tj ET Q q 0 0 0 rg BT 422.12 385.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.33 385.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.33 385.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.94 385.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 511.84 385.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.04 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.96 385.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.99 373.10 Td (average ) Tj ET Q q 0 0 0 rg BT 93.24 373.10 Td (active ) Tj ET Q q 0 0 0 rg BT 119.27 373.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 141.43 373.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 189.14 373.10 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.86 373.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.61 373.10 Td (d ) Tj ET Q q 0 0 0 rg BT 251.77 373.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.94 373.10 Td (33.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.77 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.93 373.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.53 373.10 Td (55,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.03 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.19 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.01 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.39 373.10 Td (year ) Tj ET Q q 0 0 0 rg BT 390.76 373.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 416.80 373.10 Td (December ) Tj ET Q q 0 0 0 rg BT 460.05 373.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.71 373.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.71 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.87 373.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.81 373.10 Td (74,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.31 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.47 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 373.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 361.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.58 361.10 Td (December ) Tj ET Q q 0 0 0 rg BT 139.17 361.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.17 361.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.17 361.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 340.10 Td (This ) Tj ET Q q 0 0 0 rg BT 93.92 340.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 128.21 340.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 159.18 340.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 207.35 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.77 340.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.63 340.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.38 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.02 340.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.44 340.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 301.08 340.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.63 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.27 340.10 Td (users ) Tj ET Q q 0 0 0 rg BT 372.46 340.10 Td (was ) Tj ET Q q 0 0 0 rg BT 390.66 340.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 426.62 340.10 Td (of) Tj ET Q q 0 0 0 rg BT 434.77 340.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 451.85 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 464.49 340.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.57 340.10 Td (3.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.40 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.04 340.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 532.09 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.51 340.10 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.22 328.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 131.05 328.10 Td (per ) Tj ET Q q 0 0 0 rg BT 145.99 328.10 Td (average ) Tj ET Q q 0 0 0 rg BT 179.25 328.10 Td (active ) Tj ET Q q 0 0 0 rg BT 205.30 328.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 227.48 328.10 Td (user ) Tj ET Q q 0 0 0 rg BT 246.31 328.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.93 328.10 Td ($1,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.43 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.61 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.44 328.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.84 328.10 Td (year ) Tj ET Q q 0 0 0 rg BT 345.22 328.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 371.27 328.10 Td (December ) Tj ET Q q 0 0 0 rg BT 414.54 328.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.04 328.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.21 328.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.21 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.39 328.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.34 328.10 Td ($1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.84 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.02 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.86 328.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.25 328.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.63 328.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.84 316.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.34 316.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.59 316.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.59 316.10 Td (. ) Tj ET Q q 0 0 0 rg BT 132.18 316.10 Td (This ) Tj ET Q q 0 0 0 rg BT 152.21 316.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 188.88 316.10 Td (was ) Tj ET Q q 0 0 0 rg BT 206.68 316.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 236.14 316.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.60 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.86 316.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 337.32 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.35 316.10 Td (transactional ) Tj ET Q q 0 0 0 rg BT 400.69 316.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 436.83 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.52 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.99 316.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 496.36 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.94 316.10 Td (user ) Tj ET Q q 0 0 0 rg BT 525.85 316.10 Td (additions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 304.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.38 304.10 Td (year ) Tj ET Q q 0 0 0 rg BT 98.08 304.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.46 304.10 Td (December ) Tj ET Q q 0 0 0 rg BT 168.04 304.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.54 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.04 304.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.04 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.54 304.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 247.47 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.75 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.46 304.10 Td (same ) Tj ET Q q 0 0 0 rg BT 295.51 304.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.56 304.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.39 304.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.39 304.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 283.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 119.19 283.10 Td (contributors ) Tj ET Q q 0 0 0 rg BT 170.43 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.12 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.25 283.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 227.50 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.19 283.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 286.09 283.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 324.54 283.10 Td (were ) Tj ET Q q 0 0 0 rg BT 346.89 283.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.24 283.10 Td ($6.1 ) Tj ET Q q 0 0 0 rg BT 374.66 283.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.55 283.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.46 283.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.22 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.13 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.83 283.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 491.28 283.10 Td (from ) Tj ET Q q 0 0 0 rg BT 513.63 283.10 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.62 271.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 111.09 271.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 150.22 271.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.13 271.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 226.81 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.17 271.10 Td (training ) Tj ET Q q 0 0 0 rg BT 276.19 271.10 Td (services ) Tj ET Q q 0 0 0 rg BT 310.31 271.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 347.77 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.47 271.10 Td (new ) Tj ET Q q 0 0 0 rg BT 376.05 271.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 418.51 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.86 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.56 271.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 487.02 271.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.93 271.10 Td (upgraded ) Tj ET Q q 0 0 0 rg BT 543.06 271.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 97.37 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.03 259.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 130.92 259.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 156.85 259.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.18 259.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 184.56 259.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.45 259.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.34 259.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.09 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.98 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.64 259.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 301.06 259.10 Td (from ) Tj ET Q q 0 0 0 rg BT 323.39 259.10 Td (network ) Tj ET Q q 0 0 0 rg BT 359.04 259.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 409.69 259.10 Td (due ) Tj ET Q q 0 0 0 rg BT 427.01 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.67 259.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 478.31 259.10 Td (network ) Tj ET Q q 0 0 0 rg BT 513.97 259.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 539.62 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 259.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 73.42 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.14 247.10 Td (Flood, ) Tj ET Q q 0 0 0 rg BT 113.62 247.10 Td (Appraisal, ) Tj ET Q q 0 0 0 rg BT 158.38 247.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 186.76 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.58 247.10 Td (Fraud, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.80 247.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 254.68 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.57 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.96 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.67 247.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.60 247.10 Td (from ) Tj ET Q q 0 0 0 rg BT 359.67 247.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 395.84 247.10 Td (products ) Tj ET Q q 0 0 0 rg BT 433.66 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.48 247.10 Td (services ) Tj ET Q q 0 0 0 rg BT 487.08 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.90 247.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.72 247.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 533.61 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 247.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.25 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.75 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.03 235.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 133.07 235.10 Td (from ) Tj ET Q q 0 0 0 rg BT 155.01 235.10 Td (other ) Tj ET Q q 0 0 0 rg BT 178.05 235.10 Td (software ) Tj ET Q q 0 0 0 rg BT 214.98 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.92 235.10 Td (services ) Tj ET Q q 0 0 0 rg BT 266.63 235.10 Td (due ) Tj ET Q q 0 0 0 rg BT 283.57 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.85 235.10 Td (an ) Tj ET Q q 0 0 0 rg BT 305.78 235.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 341.04 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.14 235.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 370.20 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.70 235.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 410.20 235.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.70 235.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 470.75 235.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 214.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 122.58 214.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.99 214.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.40 214.10 Td (d ) Tj ET Q q 0 0 0 rg BT 201.28 214.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.15 214.10 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 232.52 214.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.41 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.29 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.82 214.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.91 214.10 Td (year ) Tj ET Q q 0 0 0 rg BT 309.99 214.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 335.74 214.10 Td (December ) Tj ET Q q 0 0 0 rg BT 378.69 214.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.19 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.07 214.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 414.94 214.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 456.23 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.89 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.97 214.10 Td (same ) Tj ET Q q 0 0 0 rg BT 502.39 214.10 Td (period ) Tj ET Q q 0 0 0 rg BT 529.81 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 214.10 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.97 202.10 Td (due ) Tj ET Q q 0 0 0 rg BT 105.67 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.70 202.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.40 202.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 142.16 202.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.05 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.31 202.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.72 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.98 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.02 202.10 Td (software ) Tj ET Q q 0 0 0 rg BT 256.70 202.10 Td (license ) Tj ET Q q 0 0 0 rg BT 286.73 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.42 202.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 356.21 202.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 374.57 202.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.15 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.74 202.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 447.99 202.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 490.79 202.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 532.47 202.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 202.10 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.05 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.55 190.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 159.48 190.10 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.36 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.86 190.10 Td (users.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (43) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 740.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 740.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 94.30 740.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 123.43 740.25 Td (December ) Tj ET Q q 0 0 0 rg BT 167.54 740.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.51 740.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.51 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.97 740.25 Td (Compared ) Tj ET Q q 0 0 0 rg BT 250.22 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.28 740.25 Td (Y) Tj ET Q q 0 0 0 rg BT 265.28 740.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 281.08 740.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 310.22 740.25 Td (December ) Tj ET Q q 0 0 0 rg BT 354.33 740.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.29 740.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.29 740.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.26 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 399.67 740.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 417.13 740.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.13 740.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.89 740.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.35 740.25 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 520.32 740.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.21 740.25 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 740.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (26.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 728.25 Td (, ) Tj ET Q q 0 0 0 rg BT 80.33 728.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.49 728.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.21 728.25 Td (year ) Tj ET Q q 0 0 0 rg BT 128.91 728.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.29 728.25 Td (December ) Tj ET Q q 0 0 0 rg BT 198.88 728.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 213.88 728.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.88 728.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.38 728.25 Td (as ) Tj ET Q q 0 0 0 rg BT 247.21 728.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 289.13 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.41 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.12 728.25 Td (same ) Tj ET Q q 0 0 0 rg BT 337.17 728.25 Td (period ) Tj ET Q q 0 0 0 rg BT 365.22 728.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 728.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.05 728.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 124.48 707.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 163.79 707.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 205.32 707.25 Td (by ) Tj ET Q q 0 0 0 rg BT 219.09 707.25 Td ($29.3 ) Tj ET Q q 0 0 0 rg BT 245.37 707.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 280.53 707.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 324.86 707.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.85 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.95 707.25 Td (a ) Tj ET Q q 0 0 0 rg BT 386.16 707.25 Td ($27.8 ) Tj ET Q q 0 0 0 rg BT 412.43 707.25 Td (million ) Tj ET Q q 0 0 0 rg BT 445.10 707.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 481.63 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.18 707.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.95 707.25 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 90.01 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 695.25 Td (which ) Tj ET Q q 0 0 0 rg BT 127.73 695.25 Td ($24.2 ) Tj ET Q q 0 0 0 rg BT 152.70 695.25 Td (million ) Tj ET Q q 0 0 0 rg BT 184.07 695.25 Td (related ) Tj ET Q q 0 0 0 rg BT 213.75 695.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.00 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.80 695.25 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 301.71 695.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 333.07 695.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 363.04 695.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 385.51 695.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 433.54 695.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 471.55 695.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 511.78 695.25 Td (as ) Tj ET Q q 0 0 0 rg BT 522.58 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.49 695.25 Td (result ) Tj ET Q q 0 0 0 rg BT 554.18 695.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.00 683.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 99.06 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.67 683.25 Td (new ) Tj ET Q q 0 0 0 rg BT 128.61 683.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 150.89 683.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 198.72 683.25 Td (users ) Tj ET Q q 0 0 0 rg BT 221.56 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.28 683.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.89 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.61 683.25 Td (result ) Tj ET Q q 0 0 0 rg BT 280.11 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.73 683.25 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 329.11 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.72 683.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 373.67 683.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 416.50 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.56 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.17 683.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 464.45 683.25 Td (platform. ) Tj ET Q q 0 0 0 rg BT 503.50 683.25 Td (The ) Tj ET Q q 0 0 0 rg BT 521.33 683.25 Td (number ) Tj ET Q q 0 0 0 rg BT 554.16 683.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (average ) Tj ET Q q 0 0 0 rg BT 83.27 671.25 Td (active ) Tj ET Q q 0 0 0 rg BT 109.83 671.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 132.52 671.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 180.75 671.25 Td (users ) Tj ET Q q 0 0 0 rg BT 203.99 671.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 244.43 671.25 Td (by ) Tj ET Q q 0 0 0 rg BT 257.12 671.25 Td (66.9% ) Tj ET Q q 0 0 0 rg BT 285.63 671.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.76 671.25 Td (33,203 ) Tj ET Q q 0 0 0 rg BT 337.95 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 352.29 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.20 671.25 Td (year ) Tj ET Q q 0 0 0 rg BT 387.09 671.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 413.66 671.25 Td (December ) Tj ET Q q 0 0 0 rg BT 457.43 671.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 472.61 671.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 495.30 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.77 671.25 Td (55,421 ) Tj ET Q q 0 0 0 rg BT 535.95 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 671.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (year ) Tj ET Q q 0 0 0 rg BT 69.25 659.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.67 659.25 Td (December ) Tj ET Q q 0 0 0 rg BT 139.30 659.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.34 659.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 176.89 659.25 Td (due ) Tj ET Q q 0 0 0 rg BT 193.87 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.19 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.95 659.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 254.27 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.14 659.25 Td (new ) Tj ET Q q 0 0 0 rg BT 284.35 659.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 327.44 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.42 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.18 659.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 399.50 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.37 659.25 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 457.90 659.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 493.21 659.25 Td (users ) Tj ET Q q 0 0 0 rg BT 516.31 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.63 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 542.50 659.25 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.90 647.25 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 160.17 647.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 191.91 647.25 Td (of) Tj ET Q q 0 0 0 rg BT 200.06 647.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 229.08 647.25 Td (The ) Tj ET Q q 0 0 0 rg BT 247.48 647.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 281.97 647.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 313.15 647.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 361.54 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.16 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.23 647.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 422.83 647.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.46 647.25 Td (average ) Tj ET Q q 0 0 0 rg BT 467.39 647.25 Td (active ) Tj ET Q q 0 0 0 rg BT 494.11 647.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.96 647.25 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (users ) Tj ET Q q 0 0 0 rg BT 72.62 635.25 Td (was ) Tj ET Q q 0 0 0 rg BT 90.74 635.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 126.63 635.25 Td (of) Tj ET Q q 0 0 0 rg BT 134.78 635.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 151.79 635.25 Td (by ) Tj ET Q q 0 0 0 rg BT 164.35 635.25 Td (a ) Tj ET Q q 0 0 0 rg BT 171.36 635.25 Td (5.3% ) Tj ET Q q 0 0 0 rg BT 194.76 635.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 231.74 635.25 Td (in ) Tj ET Q q 0 0 0 rg BT 242.09 635.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 264.66 635.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 312.77 635.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 346.99 635.25 Td (per ) Tj ET Q q 0 0 0 rg BT 362.32 635.25 Td (average ) Tj ET Q q 0 0 0 rg BT 395.97 635.25 Td (active ) Tj ET Q q 0 0 0 rg BT 422.42 635.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 444.98 635.25 Td (user ) Tj ET Q q 0 0 0 rg BT 464.21 635.25 Td (from ) Tj ET Q q 0 0 0 rg BT 486.22 635.25 Td ($1,444 ) Tj ET Q q 0 0 0 rg BT 516.29 635.25 Td (for ) Tj ET Q q 0 0 0 rg BT 530.52 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.30 635.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.41 623.25 Td (December ) Tj ET Q q 0 0 0 rg BT 120.53 623.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 136.06 623.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 159.10 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.91 623.25 Td ($1,367 ) Tj ET Q q 0 0 0 rg BT 200.44 623.25 Td (for ) Tj ET Q q 0 0 0 rg BT 215.14 623.25 Td (year ) Tj ET Q q 0 0 0 rg BT 235.38 623.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 262.29 623.25 Td (December ) Tj ET Q q 0 0 0 rg BT 306.40 623.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.94 623.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 347.47 623.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 377.71 623.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 417.96 623.25 Td (by ) Tj ET Q q 0 0 0 rg BT 430.99 623.25 Td (a ) Tj ET Q q 0 0 0 rg BT 438.46 623.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 470.37 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.18 623.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 509.76 623.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 530.01 623.25 Td (volume, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (lenders) Tj ET Q q 0 0 0 rg BT 80.96 611.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.08 611.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 106.85 611.25 Td (on ) Tj ET Q q 0 0 0 rg BT 118.96 611.25 Td (preparing ) Tj ET Q q 0 0 0 rg BT 159.39 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.69 611.25 Td (A) Tj ET Q q 0 0 0 rg BT 178.81 611.25 Td (TR/QM ) Tj ET Q q 0 0 0 rg BT 212.59 611.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 234.14 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.69 611.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 278.35 611.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 343.22 611.25 Td (cycles ) Tj ET Q q 0 0 0 rg BT 370.32 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 384.09 611.25 Td (some ) Tj ET Q q 0 0 0 rg BT 407.31 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.75 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.08 611.25 Td (lar) Tj ET Q q 0 0 0 rg BT 442.45 611.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 457.33 611.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 499.99 611.25 Td (that ) Tj ET Q q 0 0 0 rg BT 517.10 611.25 Td (were ) Tj ET Q q 0 0 0 rg BT 538.64 611.25 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 77.53 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.81 599.25 Td (2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 578.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 118.43 578.25 Td (contributors ) Tj ET Q q 0 0 0 rg BT 168.91 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.84 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.21 578.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 223.70 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.63 578.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.77 578.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 318.46 578.25 Td (were ) Tj ET Q q 0 0 0 rg BT 340.05 578.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.64 578.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 366.29 578.25 Td (million ) Tj ET Q q 0 0 0 rg BT 397.34 578.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 432.25 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.18 578.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 479.87 578.25 Td (from ) Tj ET Q q 0 0 0 rg BT 501.47 578.25 Td (our ) Tj ET Q q 0 0 0 rg BT 516.95 578.25 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (CenterW) Tj ET Q q 0 0 0 rg BT 85.19 566.25 Td (ise ) Tj ET Q q 0 0 0 rg BT 98.82 566.25 Td (of) Tj ET Q q 0 0 0 rg BT 106.97 566.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 133.37 566.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 173.10 566.25 Td (due ) Tj ET Q q 0 0 0 rg BT 190.06 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.35 566.25 Td (an ) Tj ET Q q 0 0 0 rg BT 212.31 566.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 247.59 566.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.88 566.25 Td (users, ) Tj ET Q q 0 0 0 rg BT 283.46 566.25 Td (a ) Tj ET Q q 0 0 0 rg BT 290.41 566.25 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 310.43 566.25 Td (million ) Tj ET Q q 0 0 0 rg BT 341.84 566.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 377.12 566.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.42 566.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 425.47 566.25 Td (from ) Tj ET Q q 0 0 0 rg BT 447.43 566.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.10 566.25 Td (TQL) Tj ET Q q 0 0 0 rg BT 482.16 566.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.68 566.25 Td (program ) Tj ET Q q 0 0 0 rg BT 521.08 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.04 566.25 Td (a ) Tj ET Q q 0 0 0 rg BT 545.00 566.25 Td ($0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (million ) Tj ET Q q 0 0 0 rg BT 81.39 554.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 117.15 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.93 554.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 166.47 554.25 Td (from ) Tj ET Q q 0 0 0 rg BT 188.91 554.25 Td (network ) Tj ET Q q 0 0 0 rg BT 224.68 554.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 275.45 554.25 Td (due ) Tj ET Q q 0 0 0 rg BT 292.89 554.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.67 554.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 344.42 554.25 Td (network ) Tj ET Q q 0 0 0 rg BT 380.19 554.25 Td (usage ) Tj ET Q q 0 0 0 rg BT 405.96 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 420.63 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.84 554.25 Td (year ) Tj ET Q q 0 0 0 rg BT 456.05 554.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.93 554.25 Td (December ) Tj ET Q q 0 0 0 rg BT 527.02 554.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.52 554.25 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.23 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.31 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.83 542.25 Td (same ) Tj ET Q q 0 0 0 rg BT 142.68 542.25 Td (period ) Tj ET Q q 0 0 0 rg BT 171.54 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.17 542.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 208.98 542.25 Td (Partially ) Tj ET Q q 0 0 0 rg BT 246.16 542.25 Td (of) Tj ET Q q 0 0 0 rg BT 254.31 542.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 287.61 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.13 542.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 339.19 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.27 542.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 398.56 542.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 437.41 542.25 Td (was ) Tj ET Q q 0 0 0 rg BT 456.26 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 464.01 542.25 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 484.81 542.25 Td (million ) Tj ET Q q 0 0 0 rg BT 517.01 542.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.73 542.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.65 530.25 Td (from ) Tj ET Q q 0 0 0 rg BT 109.69 530.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.63 530.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 171.00 530.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 219.16 530.25 Td (Docs ) Tj ET Q q 0 0 0 rg BT 242.32 530.25 Td (Solution ) Tj ET Q q 0 0 0 rg BT 278.83 530.25 Td (for ) Tj ET Q q 0 0 0 rg BT 293.10 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.92 530.25 Td (year ) Tj ET Q q 0 0 0 rg BT 327.74 530.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 354.22 530.25 Td (December ) Tj ET Q q 0 0 0 rg BT 397.92 530.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.02 530.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 435.63 530.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 477.67 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.05 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.88 530.25 Td (same ) Tj ET Q q 0 0 0 rg BT 526.04 530.25 Td (period ) Tj ET Q q 0 0 0 rg BT 554.19 530.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 74.69 518.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 114.60 518.25 Td (as ) Tj ET Q q 0 0 0 rg BT 125.62 518.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.75 518.25 Td (result ) Tj ET Q q 0 0 0 rg BT 157.66 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.68 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.59 518.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 230.16 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.19 518.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 284.43 518.25 Td (from ) Tj ET Q q 0 0 0 rg BT 306.56 518.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 352.01 518.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 390.83 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.30 518.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 423.99 518.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 472.23 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.36 518.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 525.37 518.25 Td (from ) Tj ET Q q 0 0 0 rg BT 547.51 518.25 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.76 506.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 133.38 506.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 184.77 506.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 227.82 506.25 Td (having ) Tj ET Q q 0 0 0 rg BT 257.53 506.25 Td (gone ) Tj ET Q q 0 0 0 rg BT 279.47 506.25 Td (out ) Tj ET Q q 0 0 0 rg BT 294.75 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.58 506.25 Td (business ) Tj ET Q q 0 0 0 rg BT 341.97 506.25 Td (during ) Tj ET Q q 0 0 0 rg BT 370.58 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.30 506.25 Td (third ) Tj ET Q q 0 0 0 rg BT 406.68 506.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 437.50 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.33 506.25 Td (2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 485.25 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 122.58 485.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.99 485.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 201.28 485.25 Td (by ) Tj ET Q q 0 0 0 rg BT 213.15 485.25 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 232.52 485.25 Td (million ) Tj ET Q q 0 0 0 rg BT 263.29 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 276.82 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.91 485.25 Td (year ) Tj ET Q q 0 0 0 rg BT 309.99 485.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 335.74 485.25 Td (December ) Tj ET Q q 0 0 0 rg BT 378.69 485.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 393.07 485.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 414.94 485.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 456.23 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.89 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.97 485.25 Td (same ) Tj ET Q q 0 0 0 rg BT 502.39 485.25 Td (period ) Tj ET Q q 0 0 0 rg BT 529.81 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 485.25 Td (2012, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.97 473.25 Td (due ) Tj ET Q q 0 0 0 rg BT 105.67 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.70 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 122.40 473.25 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 142.16 473.25 Td (million ) Tj ET Q q 0 0 0 rg BT 173.31 473.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 209.98 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.02 473.25 Td (software ) Tj ET Q q 0 0 0 rg BT 256.70 473.25 Td (license ) Tj ET Q q 0 0 0 rg BT 286.73 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.42 473.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 356.21 473.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 374.57 473.25 Td (as ) Tj ET Q q 0 0 0 rg BT 385.15 473.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.74 473.25 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 447.99 473.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 490.79 473.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 532.47 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 542.51 473.25 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 461.25 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 159.48 461.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 190.86 461.25 Td (users.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 435.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 72.24 435.25 Td (oss ) Tj ET Q q 0 0 0 rg BT 87.53 435.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.15 435.25 Td (ofit) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 385.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 385.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 385.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 385.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 385.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 385.75 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 411.75 m 449 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 411.75 m 453 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 411.75 m 506 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 411.75 m 563 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 398.75 m 449 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 398.75 m 506 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 398.75 m 563 398.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 415.98 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 402.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 402.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 402.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 389.98 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.32 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 375.42 Td (115,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 375.42 Td (95,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 375.42 Td (78,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 361.32 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 360.42 Td (71.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 360.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 360.42 Td (74.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 360.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 360.42 Td (77.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 360.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 335.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 335.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.98 335.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 122.80 335.25 Td (December ) Tj ET Q q 0 0 0 rg BT 166.59 335.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.24 335.25 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.24 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.39 335.25 Td (Compared ) Tj ET Q q 0 0 0 rg BT 248.31 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 335.25 Td (Y) Tj ET Q q 0 0 0 rg BT 263.09 335.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 278.56 335.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 307.38 335.25 Td (December ) Tj ET Q q 0 0 0 rg BT 351.18 335.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.83 335.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.83 335.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.47 335.25 Td (Gross ) Tj ET Q q 0 0 0 rg BT 415.96 335.25 Td (profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.32 335.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.08 335.25 Td (d ) Tj ET Q q 0 0 0 rg BT 480.22 335.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.37 335.25 Td ($19.4 ) Tj ET Q q 0 0 0 rg BT 517.02 335.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.91 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 335.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 73.22 323.25 Td (mar) Tj ET Q q 0 0 0 rg BT 88.58 323.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 103.97 323.25 Td (percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.87 323.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.29 323.25 Td (d ) Tj ET Q q 0 0 0 rg BT 191.89 323.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 323.25 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.60 323.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 265.51 323.25 Td (points ) Tj ET Q q 0 0 0 rg BT 292.56 323.25 Td (during ) Tj ET Q q 0 0 0 rg BT 321.27 323.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 323.25 Td (year ) Tj ET Q q 0 0 0 rg BT 355.91 323.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.39 323.25 Td (December ) Tj ET Q q 0 0 0 rg BT 426.08 323.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.58 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.18 323.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 463.79 323.25 Td (as ) Tj ET Q q 0 0 0 rg BT 474.72 323.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.75 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.14 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 323.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.39 311.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.06 311.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.06 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.40 311.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.07 311.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 158.95 311.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 199.05 311.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.39 311.25 Td ($33.1 ) Tj ET Q q 0 0 0 rg BT 236.23 311.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.12 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.46 311.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.24 311.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 302.69 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.36 311.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 351.24 311.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 391.34 311.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.68 311.25 Td ($13.7 ) Tj ET Q q 0 0 0 rg BT 428.52 311.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.41 311.25 Td (. ) Tj ET Q q 0 0 0 rg BT 462.08 311.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.97 311.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.38 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.73 311.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.85 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.40 311.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 299.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 79.16 299.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 123.98 299.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.15 299.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.15 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.67 299.25 Td (is ) Tj ET Q q 0 0 0 rg BT 166.85 299.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 205.58 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.53 299.25 Td (result ) Tj ET Q q 0 0 0 rg BT 235.26 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.11 299.25 Td (an ) Tj ET Q q 0 0 0 rg BT 256.06 299.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 290.33 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.63 299.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 321.69 299.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.20 299.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 385.81 299.25 Td (with ) Tj ET Q q 0 0 0 rg BT 405.10 299.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 447.71 299.25 Td (added ) Tj ET Q q 0 0 0 rg BT 473.11 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.40 299.25 Td (our ) Tj ET Q q 0 0 0 rg BT 497.24 299.25 Td (implementation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 99.75 287.25 Td (services ) Tj ET Q q 0 0 0 rg BT 133.33 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.14 287.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 187.17 287.25 Td (support ) Tj ET Q q 0 0 0 rg BT 218.54 287.25 Td (or) Tj ET Q q 0 0 0 rg BT 226.69 287.25 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 276.10 287.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 325.25 287.25 Td (we ) Tj ET Q q 0 0 0 rg BT 338.28 287.25 Td (have ) Tj ET Q q 0 0 0 rg BT 358.53 287.25 Td (made ) Tj ET Q q 0 0 0 rg BT 381.56 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.71 287.25 Td (expanding ) Tj ET Q q 0 0 0 rg BT 433.73 287.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.44 287.25 Td (data ) Tj ET Q q 0 0 0 rg BT 466.46 287.25 Td (centers ) Tj ET Q q 0 0 0 rg BT 496.15 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.96 287.25 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 63.18 275.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 108.52 275.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 137.20 275.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 176.97 275.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.10 275.25 Td (business ) Tj ET Q q 0 0 0 rg BT 229.34 275.25 Td (combinations. ) Tj ET Q q 0 0 0 rg BT 290.68 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 311.58 275.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 349.68 275.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.81 275.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 384.27 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.95 275.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 438.83 275.25 Td (was ) Tj ET Q q 0 0 0 rg BT 459.73 275.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.29 275.25 Td (due ) Tj ET Q q 0 0 0 rg BT 522.08 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.21 275.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 275.25 Td ($8.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 263.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.89 263.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.65 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.61 263.25 Td (salary) Tj ET Q q 0 0 0 rg BT 150.84 263.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.03 263.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 199.59 263.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 231.05 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.18 263.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 300.08 263.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 359.31 263.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 399.10 263.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 443.88 263.25 Td (with ) Tj ET Q q 0 0 0 rg BT 465.35 263.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 510.13 263.25 Td (added ) Tj ET Q q 0 0 0 rg BT 537.70 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.17 263.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 100.12 251.25 Td (services ) Tj ET Q q 0 0 0 rg BT 134.06 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.24 251.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 188.64 251.25 Td (support ) Tj ET Q q 0 0 0 rg BT 220.38 251.25 Td (or) Tj ET Q q 0 0 0 rg BT 228.53 251.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 275.81 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.33 251.25 Td (anticipation ) Tj ET Q q 0 0 0 rg BT 334.27 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.34 251.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 385.52 251.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 428.35 251.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 461.74 251.25 Td (for ) Tj ET Q q 0 0 0 rg BT 475.14 251.25 Td (our ) Tj ET Q q 0 0 0 rg BT 490.21 251.25 Td (software ) Tj ET Q q 0 0 0 rg BT 526.38 251.25 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 239.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 105.64 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.94 239.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 159.55 239.25 Td (from ) Tj ET Q q 0 0 0 rg BT 181.51 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.69 239.25 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 230.99 239.25 Td (acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.87 239.25 Td (, ) Tj ET Q q 0 0 0 rg BT 279.89 239.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.85 239.25 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 306.87 239.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.76 239.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.28 239.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.03 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.55 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.85 239.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 429.13 239.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 459.98 239.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 498.60 239.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 528.33 239.25 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 239.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.50 227.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 129.79 227.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.47 227.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 156.22 227.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.11 227.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.36 227.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.11 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.36 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.39 227.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 285.17 227.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 323.52 227.25 Td (related ) Tj ET Q q 0 0 0 rg BT 352.97 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.99 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.46 227.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 419.69 227.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 445.27 227.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 481.94 227.25 Td (from ) Tj ET Q q 0 0 0 rg BT 503.63 227.25 Td (MortgageCEO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.87 215.25 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 101.13 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.05 215.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.97 215.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 144.95 215.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.84 215.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.32 215.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.07 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.56 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.81 215.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 260.39 215.25 Td (related ) Tj ET Q q 0 0 0 rg BT 290.08 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.33 215.25 Td (our ) Tj ET Q q 0 0 0 rg BT 316.15 215.25 Td (data ) Tj ET Q q 0 0 0 rg BT 335.28 215.25 Td (centers ) Tj ET Q q 0 0 0 rg BT 366.08 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.00 215.25 Td (technology) Tj ET Q q 0 0 0 rg BT 426.78 215.25 Td (. ) Tj ET Q q 0 0 0 rg BT 431.76 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 434.06 215.25 Td (The ) Tj ET Q q 0 0 0 rg BT 452.09 215.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 487.32 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.58 215.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 516.17 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.98 215.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 203.25 Td (of) Tj ET Q q 0 0 0 rg BT 75.70 203.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 92.64 203.25 Td (by ) Tj ET Q q 0 0 0 rg BT 105.14 203.25 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.08 203.25 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 132.08 203.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.97 203.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.47 203.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.88 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.38 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.66 203.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 254.26 203.25 Td (staf) Tj ET Q q 0 0 0 rg BT 268.51 203.25 Td (f ) Tj ET Q q 0 0 0 rg BT 274.34 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.28 203.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 335.45 203.25 Td (costs.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 182.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 182.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.98 182.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 122.80 182.25 Td (December ) Tj ET Q q 0 0 0 rg BT 166.59 182.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.24 182.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.24 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.39 182.25 Td (Compared ) Tj ET Q q 0 0 0 rg BT 248.31 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 182.25 Td (Y) Tj ET Q q 0 0 0 rg BT 263.09 182.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 278.56 182.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 307.38 182.25 Td (December ) Tj ET Q q 0 0 0 rg BT 351.18 182.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.83 182.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.83 182.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.47 182.25 Td (Gross ) Tj ET Q q 0 0 0 rg BT 415.96 182.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 440.32 182.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 480.22 182.25 Td (by ) Tj ET Q q 0 0 0 rg BT 492.37 182.25 Td ($17.1 ) Tj ET Q q 0 0 0 rg BT 517.02 182.25 Td (million ) Tj ET Q q 0 0 0 rg BT 548.06 182.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 73.22 170.25 Td (mar) Tj ET Q q 0 0 0 rg BT 88.58 170.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 103.97 170.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 149.87 170.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 191.89 170.25 Td (by ) Tj ET Q q 0 0 0 rg BT 204.50 170.25 Td (2.7 ) Tj ET Q q 0 0 0 rg BT 219.60 170.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 265.51 170.25 Td (points ) Tj ET Q q 0 0 0 rg BT 292.56 170.25 Td (during ) Tj ET Q q 0 0 0 rg BT 321.27 170.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 170.25 Td (year ) Tj ET Q q 0 0 0 rg BT 355.91 170.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.39 170.25 Td (December ) Tj ET Q q 0 0 0 rg BT 426.08 170.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.58 170.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.18 170.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 463.79 170.25 Td (as ) Tj ET Q q 0 0 0 rg BT 474.72 170.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.75 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.14 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 170.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.63 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.54 158.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 111.12 158.25 Td (as ) Tj ET Q q 0 0 0 rg BT 122.03 158.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 160.14 158.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.48 158.25 Td (by ) Tj ET Q q 0 0 0 rg BT 213.06 158.25 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 238.13 158.25 Td (million ) Tj ET Q q 0 0 0 rg BT 269.61 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.62 158.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 305.31 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.22 158.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 354.34 158.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 394.67 158.25 Td (by ) Tj ET Q q 0 0 0 rg BT 407.25 158.25 Td ($9.6 ) Tj ET Q q 0 0 0 rg BT 427.33 158.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 461.12 158.25 Td (The ) Tj ET Q q 0 0 0 rg BT 479.24 158.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 516.24 158.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.59 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 158.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 146.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 79.16 146.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 123.98 146.25 Td (for ) Tj ET Q q 0 0 0 rg BT 137.15 146.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 158.67 146.25 Td (is ) Tj ET Q q 0 0 0 rg BT 166.85 146.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 205.58 146.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.53 146.25 Td (result ) Tj ET Q q 0 0 0 rg BT 235.26 146.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.11 146.25 Td (an ) Tj ET Q q 0 0 0 rg BT 256.06 146.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 290.33 146.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.63 146.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 321.69 146.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.20 146.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 385.81 146.25 Td (with ) Tj ET Q q 0 0 0 rg BT 405.10 146.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 447.71 146.25 Td (added ) Tj ET Q q 0 0 0 rg BT 473.11 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.40 146.25 Td (our ) Tj ET Q q 0 0 0 rg BT 497.24 146.25 Td (implementation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 101.07 134.25 Td (services ) Tj ET Q q 0 0 0 rg BT 135.97 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.11 134.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 192.46 134.25 Td (support ) Tj ET Q q 0 0 0 rg BT 225.15 134.25 Td (or) Tj ET Q q 0 0 0 rg BT 233.30 134.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 281.54 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.67 134.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 349.14 134.25 Td (we ) Tj ET Q q 0 0 0 rg BT 363.50 134.25 Td (have ) Tj ET Q q 0 0 0 rg BT 385.07 134.25 Td (made ) Tj ET Q q 0 0 0 rg BT 409.42 134.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.90 134.25 Td (expanding ) Tj ET Q q 0 0 0 rg BT 464.25 134.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.27 134.25 Td (data ) Tj ET Q q 0 0 0 rg BT 499.62 134.25 Td (centers. ) Tj ET Q q 0 0 0 rg BT 533.13 134.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 554.17 134.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.90 122.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 128.51 122.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 168.59 122.25 Td (due ) Tj ET Q q 0 0 0 rg BT 185.89 122.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.53 122.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.83 122.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 224.19 122.25 Td (million ) Tj ET Q q 0 0 0 rg BT 255.94 122.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 291.56 122.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.20 122.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 347.82 122.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 379.01 122.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 417.97 122.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.61 122.25 Td (support ) Tj ET Q q 0 0 0 rg BT 461.47 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.55 122.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 517.16 122.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 558.06 122.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.25 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 69.73 110.25 Td (million ) Tj ET Q q 0 0 0 rg BT 101.36 110.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 136.85 110.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.36 110.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 180.08 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.25 110.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 238.85 110.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 273.24 110.25 Td (from ) Tj ET Q q 0 0 0 rg BT 295.41 110.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 335.90 110.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 387.51 110.25 Td (services ) Tj ET Q q 0 0 0 rg BT 422.45 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.62 110.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 479.01 110.25 Td (support ) Tj ET Q q 0 0 0 rg BT 511.75 110.25 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 558.07 110.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.25 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 68.51 98.25 Td (million ) Tj ET Q q 0 0 0 rg BT 98.91 98.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 133.18 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.46 98.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 191.18 98.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 248.23 98.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 281.95 98.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 314.00 98.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.29 98.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.13 98.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 377.40 98.25 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 422.50 98.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.45 98.25 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 447.46 98.25 Td (million ) Tj ET Q q 0 0 0 rg BT 477.86 98.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 512.13 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.41 98.25 Td (temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (staf) Tj ET Q q 0 0 0 rg BT 63.76 86.25 Td (f ) Tj ET Q q 0 0 0 rg BT 69.54 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 86.43 86.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 130.55 86.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 153.01 86.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 196.55 86.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.79 86.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 276.45 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.68 86.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.47 86.25 Td (data ) Tj ET Q q 0 0 0 rg BT 321.58 86.25 Td (center ) Tj ET Q q 0 0 0 rg BT 348.45 86.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 392.56 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.45 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.35 86.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 436.30 86.25 Td (million ) Tj ET Q q 0 0 0 rg BT 467.64 86.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 502.85 86.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.08 86.25 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.21 74.25 Td (due ) Tj ET Q q 0 0 0 rg BT 101.15 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.42 74.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 140.57 74.25 Td (additions.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (44) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 740.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 85.11 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.61 740.10 Td (Marketing) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 690.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 690.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 690.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 690.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 716.6 m 449 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 716.6 m 453 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 716.6 m 506 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 716.6 m 563 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 703.6 m 449 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 703.6 m 506 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 703.6 m 563 703.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 720.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 707.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 707.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 707.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 694.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 681.17 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 680.27 Td (26,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 680.27 Td (21,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 680.27 Td (17,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 666.17 Td (Sales and marketing as a % of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 665.27 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 665.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 665.27 Td (16.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 665.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 665.27 Td (17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 665.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 640.10 Td (Y) Tj ET Q q 0 0 0 rg BT 90.50 640.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 105.94 640.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 134.72 640.10 Td (December ) Tj ET Q q 0 0 0 rg BT 178.47 640.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.08 640.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 213.08 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.19 640.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 260.08 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.82 640.10 Td (Y) Tj ET Q q 0 0 0 rg BT 274.82 640.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.25 640.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 319.03 640.10 Td (December ) Tj ET Q q 0 0 0 rg BT 362.79 640.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.40 640.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.40 640.10 Td (. ) Tj ET Q q 0 0 0 rg BT 402.01 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.12 640.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 427.33 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.88 640.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 486.53 640.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.74 640.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.50 640.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.32 628.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 82.64 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.53 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 116.85 628.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 628.10 Td (24.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.83 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.15 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.75 628.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.79 628.10 Td (year ) Tj ET Q q 0 0 0 rg BT 204.81 628.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 231.51 628.10 Td (December ) Tj ET Q q 0 0 0 rg BT 275.41 628.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.91 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.73 628.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 313.55 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.70 628.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 366.95 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.54 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.58 628.10 Td (same ) Tj ET Q q 0 0 0 rg BT 415.95 628.10 Td (period ) Tj ET Q q 0 0 0 rg BT 444.31 628.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.46 628.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.46 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.78 628.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 504.71 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.97 628.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.81 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.35 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.00 616.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 150.51 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.05 616.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.80 616.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.21 616.10 Td (d ) Tj ET Q q 0 0 0 rg BT 240.43 616.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.64 616.10 Td (0.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.47 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.68 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.22 616.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 326.31 616.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.06 616.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.82 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.03 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.02 616.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 423.44 616.10 Td (was ) Tj ET Q q 0 0 0 rg BT 441.20 616.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 480.62 616.10 Td (due ) Tj ET Q q 0 0 0 rg BT 497.27 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.26 616.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.91 616.10 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 533.62 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.25 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.12 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.76 604.10 Td (salary) Tj ET Q q 0 0 0 rg BT 118.99 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.35 604.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 166.08 604.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 196.71 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.01 604.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 264.08 604.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 322.49 604.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 361.45 604.10 Td (related ) Tj ET Q q 0 0 0 rg BT 391.51 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.15 604.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 442.77 604.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 486.73 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.92 604.10 Td (we ) Tj ET Q q 0 0 0 rg BT 512.44 604.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 554.74 604.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 71.78 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 86.83 592.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 108.00 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.16 592.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 166.43 592.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 217.02 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.53 592.10 Td (an ) Tj ET Q q 0 0 0 rg BT 237.69 592.10 Td (ef) Tj ET Q q 0 0 0 rg BT 245.28 592.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 261.44 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.95 592.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 305.42 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.48 592.10 Td (market ) Tj ET Q q 0 0 0 rg BT 349.97 592.10 Td (share ) Tj ET Q q 0 0 0 rg BT 372.79 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.96 592.10 Td (address ) Tj ET Q q 0 0 0 rg BT 420.67 592.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 466.26 592.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 499.64 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.03 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.08 592.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.73 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.28 580.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 149.05 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.94 580.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 206.14 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.69 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.11 580.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 282.00 580.10 Td (acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.88 580.10 Td (, ) Tj ET Q q 0 0 0 rg BT 332.49 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 344.93 580.10 Td (well ) Tj ET Q q 0 0 0 rg BT 366.26 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.70 580.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.25 580.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 408.86 580.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.75 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.86 580.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 492.07 580.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 511.74 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.85 580.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 103.10 568.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 140.03 568.10 Td (from ) Tj ET Q q 0 0 0 rg BT 161.97 568.10 Td (MortgageCEO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 547.10 Td (Y) Tj ET Q q 0 0 0 rg BT 90.50 547.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 106.07 547.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 134.99 547.10 Td (December ) Tj ET Q q 0 0 0 rg BT 178.87 547.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.62 547.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 213.62 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.86 547.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 260.88 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.74 547.10 Td (Y) Tj ET Q q 0 0 0 rg BT 275.74 547.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 291.31 547.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 320.22 547.10 Td (December ) Tj ET Q q 0 0 0 rg BT 364.11 547.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.85 547.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.85 547.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.60 547.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 426.95 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.63 547.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 486.41 547.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.76 547.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.32 535.10 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 82.64 535.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 116.85 535.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.00 535.10 Td (19.3%, ) Tj ET Q q 0 0 0 rg BT 159.15 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.75 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.79 535.10 Td (year ) Tj ET Q q 0 0 0 rg BT 204.81 535.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 231.51 535.10 Td (December ) Tj ET Q q 0 0 0 rg BT 275.41 535.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 290.73 535.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 313.55 535.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.70 535.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 366.95 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.54 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.58 535.10 Td (same ) Tj ET Q q 0 0 0 rg BT 415.95 535.10 Td (period ) Tj ET Q q 0 0 0 rg BT 444.31 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.46 535.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 480.78 535.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 504.71 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.97 535.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.81 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.35 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.00 523.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 150.51 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.05 523.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.80 523.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 240.43 523.10 Td (by ) Tj ET Q q 0 0 0 rg BT 252.64 523.10 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 275.68 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.22 523.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 326.31 523.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.06 523.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 379.03 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.02 523.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 423.44 523.10 Td (was ) Tj ET Q q 0 0 0 rg BT 441.20 523.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 480.62 523.10 Td (due ) Tj ET Q q 0 0 0 rg BT 497.27 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.26 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.91 523.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 533.62 523.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.41 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.34 511.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 126.47 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.07 511.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 184.09 511.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 217.90 511.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.38 511.10 Td (well ) Tj ET Q q 0 0 0 rg BT 247.75 511.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.23 511.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.82 511.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 284.47 511.10 Td (million ) Tj ET Q q 0 0 0 rg BT 315.52 511.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 350.42 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.36 511.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 409.71 511.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 467.41 511.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 504.27 511.10 Td (both ) Tj ET Q q 0 0 0 rg BT 524.20 511.10 Td (reflecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.47 499.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 96.75 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.06 499.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 150.68 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 161.54 499.10 Td (we ) Tj ET Q q 0 0 0 rg BT 175.72 499.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 217.69 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.99 499.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 251.07 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 266.93 499.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 288.90 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.87 499.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 348.94 499.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 400.34 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.64 499.10 Td (an ) Tj ET Q q 0 0 0 rg BT 422.61 499.10 Td (ef) Tj ET Q q 0 0 0 rg BT 430.20 499.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 447.16 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.47 499.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 492.75 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.61 499.10 Td (market ) Tj ET Q q 0 0 0 rg BT 538.90 499.10 Td (share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.40 487.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 129.67 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.60 487.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 204.08 487.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 242.68 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.96 487.10 Td (support ) Tj ET Q q 0 0 0 rg BT 285.46 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.29 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.12 487.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.06 487.10 Td (function ) Tj ET Q q 0 0 0 rg BT 369.88 487.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 410.13 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.63 487.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 442.63 487.10 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 461.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 88.90 461.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 100.84 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 461.10 Td (Development) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 411.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 411.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 411.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 411.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 437.6 m 449 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 437.6 m 453 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 437.6 m 506 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 437.6 m 563 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 424.6 m 449 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 424.6 m 506 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 424.6 m 563 424.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 441.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 428.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 428.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 428.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 415.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 402.17 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 401.27 Td (28,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 401.27 Td (24,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 401.27 Td (18,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.17 Td (Research and development as a % of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 386.27 Td (17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 386.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 386.27 Td (19.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 386.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 386.27 Td (17.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 386.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 361.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 361.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 95.52 361.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 125.89 361.10 Td (December ) Tj ET Q q 0 0 0 rg BT 171.22 361.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.42 361.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.42 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.11 361.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 257.58 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.79 361.10 Td (Y) Tj ET Q q 0 0 0 rg BT 273.79 361.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.81 361.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 321.17 361.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.51 361.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.70 361.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.70 361.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.90 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.59 361.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 452.93 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.06 361.10 Td (development ) Tj ET Q q 0 0 0 rg BT 526.40 361.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.25 349.10 Td (d ) Tj ET Q q 0 0 0 rg BT 90.00 349.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.74 349.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 122.98 349.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.88 349.10 Td (, ) Tj ET Q q 0 0 0 rg BT 157.12 349.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.19 349.10 Td (14.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.02 349.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.26 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.79 349.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.75 349.10 Td (year ) Tj ET Q q 0 0 0 rg BT 244.70 349.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 271.32 349.10 Td (December ) Tj ET Q q 0 0 0 rg BT 315.14 349.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.64 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.39 349.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 353.13 349.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.30 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.82 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.78 349.10 Td (same ) Tj ET Q q 0 0 0 rg BT 444.07 349.10 Td (period ) Tj ET Q q 0 0 0 rg BT 472.36 349.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.43 349.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.43 349.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.67 349.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 548.06 349.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.97 337.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 142.88 337.10 Td (as ) Tj ET Q q 0 0 0 rg BT 154.02 337.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.28 337.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 207.39 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.54 337.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.89 337.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.30 337.10 Td (d ) Tj ET Q q 0 0 0 rg BT 299.12 337.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.93 337.10 Td (1.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.76 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.58 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.72 337.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 387.37 337.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.73 337.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.49 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.30 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.90 337.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 486.92 337.10 Td (was ) Tj ET Q q 0 0 0 rg BT 505.29 337.10 Td (due ) Tj ET Q q 0 0 0 rg BT 522.54 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.13 337.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.39 337.10 Td ($1) Tj ET Q q 0 0 0 rg BT 550.01 337.10 Td (1.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 325.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.13 325.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.88 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.62 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.14 325.10 Td (total ) Tj ET Q q 0 0 0 rg BT 147.65 325.10 Td (research ) Tj ET Q q 0 0 0 rg BT 183.69 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.87 325.10 Td (development ) Tj ET Q q 0 0 0 rg BT 255.26 325.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 280.50 325.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 320.45 325.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 348.73 325.10 Td (by ) Tj ET Q q 0 0 0 rg BT 361.47 325.10 Td (salary) Tj ET Q q 0 0 0 rg BT 384.70 325.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.94 325.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 431.55 325.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 465.94 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.12 325.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 506.96 325.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.66 313.10 Td (from ) Tj ET Q q 0 0 0 rg BT 95.25 313.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 135.07 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.00 313.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 190.25 313.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.74 313.10 Td (we ) Tj ET Q q 0 0 0 rg BT 216.56 313.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 259.15 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.08 313.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 297.12 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.06 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.54 313.10 Td (products ) Tj ET Q q 0 0 0 rg BT 362.14 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.73 313.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.09 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.69 313.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 472.51 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.44 313.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 527.69 313.10 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 313.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 84.85 301.10 Td (acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.73 301.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.80 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.82 301.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.83 301.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 177.90 301.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.79 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.36 301.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 258.03 301.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 276.17 301.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 313.71 301.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.29 301.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 369.95 301.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 416.96 301.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 453.96 301.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.97 301.10 Td (MortgageCEO, ) Tj ET Q q 0 0 0 rg BT 539.92 301.10 Td (of) Tj ET Q q 0 0 0 rg BT 548.06 301.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.49 289.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.92 289.10 Td ($8.2 ) Tj ET Q q 0 0 0 rg BT 90.41 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.30 289.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.29 289.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.70 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.69 289.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 193.22 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.99 289.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.98 289.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.97 289.10 Td (were ) Tj ET Q q 0 0 0 rg BT 267.39 289.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 313.68 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.45 289.10 Td (property ) Tj ET Q q 0 0 0 rg BT 361.32 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.74 289.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 423.95 289.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 450.25 289.10 Td (than ) Tj ET Q q 0 0 0 rg BT 470.46 289.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 510.65 289.10 Td (because ) Tj ET Q q 0 0 0 rg BT 545.29 289.10 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.32 277.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 114.81 277.10 Td (with ) Tj ET Q q 0 0 0 rg BT 134.98 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.59 277.10 Td (development ) Tj ET Q q 0 0 0 rg BT 203.63 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.35 277.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 263.95 277.10 Td (software ) Tj ET Q q 0 0 0 rg BT 300.77 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.60 277.10 Td (website ) Tj ET Q q 0 0 0 rg BT 350.54 277.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 407.08 277.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 429.48 277.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 451.87 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 469.82 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 481.65 277.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 524.02 277.10 Td (over ) Tj ET Q q 0 0 0 rg BT 544.18 277.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.53 265.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 119.47 265.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 140.86 265.10 Td (when ) Tj ET Q q 0 0 0 rg BT 165.02 265.10 Td (such ) Tj ET Q q 0 0 0 rg BT 185.85 265.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.68 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 226.38 265.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 254.98 265.10 Td (into ) Tj ET Q q 0 0 0 rg BT 273.04 265.10 Td (service.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 244.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 244.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.15 244.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.15 244.10 Td (December ) Tj ET Q q 0 0 0 rg BT 164.12 244.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.94 244.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.94 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.26 244.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 243.36 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.37 244.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.37 244.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 272.02 244.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 300.02 244.10 Td (December ) Tj ET Q q 0 0 0 rg BT 342.98 244.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.81 244.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.81 244.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.63 244.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 418.60 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.36 244.10 Td (development ) Tj ET Q q 0 0 0 rg BT 487.33 244.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.76 244.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.58 232.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 81.16 232.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 114.64 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 125.05 232.10 Td (36.8%, ) Tj ET Q q 0 0 0 rg BT 155.46 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.32 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.62 232.10 Td (year ) Tj ET Q q 0 0 0 rg BT 198.91 232.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 224.86 232.10 Td (December ) Tj ET Q q 0 0 0 rg BT 268.03 232.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.61 232.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 304.69 232.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 346.20 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.06 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.36 232.10 Td (same ) Tj ET Q q 0 0 0 rg BT 392.99 232.10 Td (period ) Tj ET Q q 0 0 0 rg BT 420.61 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.03 232.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 455.61 232.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 494.33 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.85 232.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.89 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.51 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.24 220.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 150.83 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.45 220.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.28 220.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 239.32 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.61 220.10 Td (1.5% ) Tj ET Q q 0 0 0 rg BT 274.73 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.35 220.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 325.51 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 343.35 220.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 378.39 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.46 220.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 422.96 220.10 Td (was ) Tj ET Q q 0 0 0 rg BT 440.80 220.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 480.30 220.10 Td (due ) Tj ET Q q 0 0 0 rg BT 497.03 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.10 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.83 220.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 533.62 220.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.11 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.74 208.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 125.58 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.88 208.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 182.61 208.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 216.12 208.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 256.28 208.10 Td (an ) Tj ET Q q 0 0 0 rg BT 267.58 208.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 302.19 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.82 208.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 357.27 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.56 208.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 382.92 208.10 Td (million ) Tj ET Q q 0 0 0 rg BT 413.67 208.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 448.27 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.91 208.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 506.97 208.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.19 196.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 123.88 196.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 161.36 196.10 Td (from ) Tj ET Q q 0 0 0 rg BT 183.27 196.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.29 196.10 Td (A) Tj ET Q q 0 0 0 rg BT 242.60 196.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 268.96 196.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 301.42 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.68 196.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 341.36 196.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 386.05 196.10 Td (during ) Tj ET Q q 0 0 0 rg BT 414.64 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.33 196.10 Td (third ) Tj ET Q q 0 0 0 rg BT 450.70 196.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 481.50 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.31 196.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 514.79 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.71 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 196.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.52 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.56 184.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 114.27 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.42 184.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 155.24 184.10 Td (option ) Tj ET Q q 0 0 0 rg BT 183.50 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.65 184.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 222.81 184.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 249.96 184.10 Td (made ) Tj ET Q q 0 0 0 rg BT 274.32 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.81 184.10 Td (new ) Tj ET Q q 0 0 0 rg BT 304.18 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.33 184.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 355.70 184.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 401.17 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.32 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.47 184.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 445.68 184.10 Td (million ) Tj ET Q q 0 0 0 rg BT 477.28 184.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 512.74 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.23 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.16 184.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.19 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (consultants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 146.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.00 146.10 Td (General ) Tj ET Q q 0 0 0 rg BT 99.27 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.59 146.10 Td (Administrative) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 96.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 96.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 96.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 96.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 96.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 96.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 122.60000000000002 m 449 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 122.60000000000002 m 453 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 122.60000000000002 m 506 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 122.60000000000002 m 563 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 109.60000000000002 m 449 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 109.60000000000002 m 506 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 109.60000000000002 m 563 109.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 126.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 113.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 113.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 113.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 100.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 87.17 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 86.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 86.27 Td (39,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 86.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 86.27 Td (30,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 86.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 86.27 Td (21,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 72.17 Td (General and administrative as a % of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 71.27 Td (24.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 71.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 71.27 Td (24.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 71.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 71.27 Td (21.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 71.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (45) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 740.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 740.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 95.49 740.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 125.82 740.25 Td (December ) Tj ET Q q 0 0 0 rg BT 171.12 740.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.28 740.25 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.28 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.94 740.25 Td (Compared ) Tj ET Q q 0 0 0 rg BT 257.38 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.55 740.25 Td (Y) Tj ET Q q 0 0 0 rg BT 273.55 740.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.54 740.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 320.87 740.25 Td (December ) Tj ET Q q 0 0 0 rg BT 366.17 740.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.33 740.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.33 740.25 Td (. ) Tj ET Q q 0 0 0 rg BT 408.49 740.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 740.25 Td (General ) Tj ET Q q 0 0 0 rg BT 447.45 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.55 740.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 526.41 740.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.25 728.25 Td (d ) Tj ET Q q 0 0 0 rg BT 89.72 728.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.19 728.25 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 122.16 728.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.05 728.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.01 728.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.81 728.25 Td (27.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.64 728.25 Td (, ) Tj ET Q q 0 0 0 rg BT 197.61 728.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.85 728.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.54 728.25 Td (year ) Tj ET Q q 0 0 0 rg BT 242.21 728.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 268.56 728.25 Td (December ) Tj ET Q q 0 0 0 rg BT 312.11 728.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.61 728.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.08 728.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 349.54 728.25 Td (as ) Tj ET Q q 0 0 0 rg BT 360.34 728.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 402.23 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.48 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.16 728.25 Td (same ) Tj ET Q q 0 0 0 rg BT 450.18 728.25 Td (period ) Tj ET Q q 0 0 0 rg BT 478.19 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.99 728.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 513.95 728.25 Td (General ) Tj ET Q q 0 0 0 rg BT 548.07 728.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.30 716.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 145.99 716.25 Td (as ) Tj ET Q q 0 0 0 rg BT 155.92 716.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.95 716.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 206.84 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.76 716.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.90 716.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 716.25 Td (d ) Tj ET Q q 0 0 0 rg BT 293.24 716.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.84 716.25 Td (0.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.67 716.25 Td (. ) Tj ET Q q 0 0 0 rg BT 329.64 716.25 Td (These ) Tj ET Q q 0 0 0 rg BT 355.11 716.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 388.91 716.25 Td (were ) Tj ET Q q 0 0 0 rg BT 409.94 716.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 448.74 716.25 Td (due ) Tj ET Q q 0 0 0 rg BT 464.77 716.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.14 716.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.18 716.25 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 499.27 716.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.16 716.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.75 716.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 716.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.92 704.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 92.56 704.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.64 704.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 151.16 704.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 185.46 704.25 Td (related ) Tj ET Q q 0 0 0 rg BT 215.31 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.74 704.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 266.14 704.25 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 312.38 704.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.46 704.25 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 339.61 704.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 704.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 704.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.90 704.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.55 704.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.97 704.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 468.49 704.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 487.24 704.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.32 704.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 526.40 704.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.07 692.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.73 692.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.29 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.30 692.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 186.18 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.30 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 204.53 692.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 226.75 692.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 251.75 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.98 692.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.10 692.25 Td (network ) Tj ET Q q 0 0 0 rg BT 320.65 692.25 Td (outage ) Tj ET Q q 0 0 0 rg BT 350.10 692.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 378.42 692.25 Td (this ) Tj ET Q q 0 0 0 rg BT 395.65 692.25 Td (year) Tj ET Q q 0 0 0 rg BT 412.46 692.25 Td (, ) Tj ET Q q 0 0 0 rg BT 417.75 692.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.97 692.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 445.26 692.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 692.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.94 692.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.70 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 512.48 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.05 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.05 692.25 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 692.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (consultants ) Tj ET Q q 0 0 0 rg BT 97.69 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.31 680.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 159.60 680.25 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 209.71 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.34 680.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.97 680.25 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 255.66 680.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.55 680.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.74 680.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.49 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.68 680.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.65 680.25 Td (business ) Tj ET Q q 0 0 0 rg BT 371.73 680.25 Td (tax. ) Tj ET Q q 0 0 0 rg BT 389.41 680.25 Td (The ) Tj ET Q q 0 0 0 rg BT 408.15 680.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 444.09 680.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.06 680.25 Td (general ) Tj ET Q q 0 0 0 rg BT 487.67 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.30 680.25 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.14 668.25 Td (were ) Tj ET Q q 0 0 0 rg BT 110.11 668.25 Td (of) Tj ET Q q 0 0 0 rg BT 118.26 668.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 135.24 668.25 Td (by ) Tj ET Q q 0 0 0 rg BT 147.78 668.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.76 668.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 174.80 668.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.69 668.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.24 668.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 668.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.19 668.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.51 668.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 303.26 668.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 361.34 668.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 396.09 668.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 435.85 668.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 468.93 668.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.25 668.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 532.31 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 538.62 668.25 Td (wards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.26 656.25 Td (which ) Tj ET Q q 0 0 0 rg BT 91.80 656.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 127.11 656.25 Td (is ) Tj ET Q q 0 0 0 rg BT 136.88 656.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 183.85 656.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.95 656.25 Td (an ) Tj ET Q q 0 0 0 rg BT 209.49 656.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 257.55 656.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 280.65 656.25 Td (over ) Tj ET Q q 0 0 0 rg BT 301.52 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.84 656.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 348.83 656.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 379.98 656.25 Td (as ) Tj ET Q q 0 0 0 rg BT 391.41 656.25 Td (well ) Tj ET Q q 0 0 0 rg BT 411.73 656.25 Td (as ) Tj ET Q q 0 0 0 rg BT 423.16 656.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 458.47 656.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.35 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.67 656.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 526.09 656.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.18 656.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 99.21 644.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 130.03 644.25 Td (that ) Tj ET Q q 0 0 0 rg BT 147.52 644.25 Td (are ) Tj ET Q q 0 0 0 rg BT 162.23 644.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 200.26 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.54 644.25 Td (vest.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 623.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 623.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.12 623.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.08 623.25 Td (December ) Tj ET Q q 0 0 0 rg BT 164.01 623.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.80 623.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.80 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.09 623.25 Td (Compared ) Tj ET Q q 0 0 0 rg BT 243.15 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.13 623.25 Td (Y) Tj ET Q q 0 0 0 rg BT 257.13 623.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 271.74 623.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 299.70 623.25 Td (December ) Tj ET Q q 0 0 0 rg BT 342.64 623.25 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.42 623.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.42 623.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 623.25 Td (General ) Tj ET Q q 0 0 0 rg BT 413.15 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.87 623.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 487.37 623.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.75 623.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.08 611.25 Td ($9.3 ) Tj ET Q q 0 0 0 rg BT 80.17 611.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 113.14 611.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.06 611.25 Td (42.8%, ) Tj ET Q q 0 0 0 rg BT 152.97 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.33 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.13 611.25 Td (year ) Tj ET Q q 0 0 0 rg BT 194.92 611.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 220.38 611.25 Td (December ) Tj ET Q q 0 0 0 rg BT 263.05 611.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 277.13 611.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 298.72 611.25 Td (as ) Tj ET Q q 0 0 0 rg BT 308.63 611.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 349.64 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.00 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.80 611.25 Td (same ) Tj ET Q q 0 0 0 rg BT 394.93 611.25 Td (period ) Tj ET Q q 0 0 0 rg BT 422.06 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.97 611.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 456.06 611.25 Td (General ) Tj ET Q q 0 0 0 rg BT 489.29 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 611.25 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.89 599.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.51 599.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.24 599.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 150.83 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.45 599.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.28 599.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 239.32 599.25 Td (by ) Tj ET Q q 0 0 0 rg BT 251.61 599.25 Td (2.8% ) Tj ET Q q 0 0 0 rg BT 274.73 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.35 599.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 325.51 599.25 Td (The ) Tj ET Q q 0 0 0 rg BT 343.35 599.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 378.39 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.46 599.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 422.96 599.25 Td (was ) Tj ET Q q 0 0 0 rg BT 440.80 599.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 480.30 599.25 Td (due ) Tj ET Q q 0 0 0 rg BT 497.03 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.10 599.25 Td (a ) Tj ET Q q 0 0 0 rg BT 513.83 599.25 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 533.62 599.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.53 587.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.58 587.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 144.06 587.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 201.87 587.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 236.35 587.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.84 587.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 313.11 587.25 Td (from ) Tj ET Q q 0 0 0 rg BT 334.82 587.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 387.67 587.25 Td (A) Tj ET Q q 0 0 0 rg BT 393.98 587.25 Td (wards ) Tj ET Q q 0 0 0 rg BT 420.13 587.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 452.39 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.44 587.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 491.92 587.25 Td (executives ) Tj ET Q q 0 0 0 rg BT 536.39 587.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 575.25 Td (third ) Tj ET Q q 0 0 0 rg BT 86.21 575.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 117.33 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.47 575.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 151.27 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.52 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.54 575.25 Td (first ) Tj ET Q q 0 0 0 rg BT 202.45 575.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 233.57 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.71 575.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 267.52 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.76 575.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 308.67 575.25 Td (option ) Tj ET Q q 0 0 0 rg BT 337.03 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.28 575.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 376.54 575.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 403.78 575.25 Td (made ) Tj ET Q q 0 0 0 rg BT 428.24 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.82 575.25 Td (new ) Tj ET Q q 0 0 0 rg BT 458.29 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.53 575.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 510.00 575.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 558.07 575.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 69.01 563.25 Td (million ) Tj ET Q q 0 0 0 rg BT 99.92 563.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 134.68 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.47 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.70 563.25 Td (use ) Tj ET Q q 0 0 0 rg BT 174.04 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.38 563.25 Td (consultants ) Tj ET Q q 0 0 0 rg BT 231.39 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.84 563.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 290.95 563.25 Td (contractors ) Tj ET Q q 0 0 0 rg BT 337.38 563.25 Td (for ) Tj ET Q q 0 0 0 rg BT 351.05 563.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 406.93 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.38 563.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 471.48 563.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 507.64 563.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.09 563.25 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 533.61 563.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.41 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.34 551.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 140.93 551.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 179.18 551.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 211.88 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.81 551.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 255.62 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.22 551.25 Td (support ) Tj ET Q q 0 0 0 rg BT 304.37 551.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.19 551.25 Td (software ) Tj ET Q q 0 0 0 rg BT 354.77 551.25 Td (used ) Tj ET Q q 0 0 0 rg BT 375.25 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 385.19 551.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 418.44 551.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.92 551.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 472.47 551.25 Td (a ) Tj ET Q q 0 0 0 rg BT 479.06 551.25 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 498.72 551.25 Td (million ) Tj ET Q q 0 0 0 rg BT 529.76 551.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.48 539.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 77.78 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.75 539.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 138.83 539.25 Td (service ) Tj ET Q q 0 0 0 rg BT 169.35 539.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 192.65 539.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.51 539.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 255.09 539.25 Td (tax, ) Tj ET Q q 0 0 0 rg BT 272.00 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.64 539.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 323.06 539.25 Td (relations ) Tj ET Q q 0 0 0 rg BT 359.69 539.25 Td (services ) Tj ET Q q 0 0 0 rg BT 394.10 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.74 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.37 539.25 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 437.07 539.25 Td (million ) Tj ET Q q 0 0 0 rg BT 468.16 539.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 503.12 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.10 539.25 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.10 527.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 125.59 527.25 Td (from ) Tj ET Q q 0 0 0 rg BT 147.53 527.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 177.80 527.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 208.63 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.46 527.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.29 527.25 Td (business ) Tj ET Q q 0 0 0 rg BT 271.68 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.62 527.25 Td (headcount.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 501.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.33 501.25 Td (Income, ) Tj ET Q q 0 0 0 rg BT 121.76 501.25 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 484.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.51 484.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 132.68 484.25 Td (net ) Tj ET Q q 0 0 0 rg BT 147.14 484.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 182.71 484.25 Td (imputed ) Tj ET Q q 0 0 0 rg BT 217.72 484.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.39 484.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 283.84 484.25 Td (related ) Tj ET Q q 0 0 0 rg BT 313.28 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.30 484.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 352.19 484.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 374.42 484.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 421.10 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.78 484.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 483.90 484.25 Td (holdback ) Tj ET Q q 0 0 0 rg BT 522.80 484.25 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.47 472.25 Td (income ) Tj ET Q q 0 0 0 rg BT 113.43 472.25 Td (from ) Tj ET Q q 0 0 0 rg BT 135.40 472.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 159.04 472.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 202.65 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.62 472.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 272.43 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.40 472.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 323.57 472.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 347.21 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.18 472.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 390.60 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 403.14 472.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 425.11 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.97 472.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 488.59 472.25 Td (The ) Tj ET Q q 0 0 0 rg BT 506.67 472.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 543.09 472.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 460.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 109.49 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.77 460.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.49 460.25 Td (years ) Tj ET Q q 0 0 0 rg BT 158.08 460.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.46 460.25 Td (December ) Tj ET Q q 0 0 0 rg BT 228.04 460.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.04 460.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 268.04 460.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 290.54 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.48 460.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.48 460.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 434.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 93.43 434.25 Td (T) Tj ET Q q 0 0 0 rg BT 98.07 434.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 417.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 105.45 417.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.64 417.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 159.39 417.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 417.25 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 189.16 417.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.05 417.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.02 417.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.77 417.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.77 417.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.73 417.25 Td (was ) Tj ET Q q 0 0 0 rg BT 269.26 417.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.44 417.25 Td (due ) Tj ET Q q 0 0 0 rg BT 324.84 417.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.59 417.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 371.56 417.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 394.07 417.25 Td (on ) Tj ET Q q 0 0 0 rg BT 406.04 417.25 Td (pretax ) Tj ET Q q 0 0 0 rg BT 433.00 417.25 Td (income ) Tj ET Q q 0 0 0 rg BT 464.40 417.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.70 417.25 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 499.17 417.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.06 417.25 Td (. ) Tj ET Q q 0 0 0 rg BT 532.53 417.25 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.78 405.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 103.63 405.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.02 405.25 Td ($6.1 ) Tj ET Q q 0 0 0 rg BT 133.59 405.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.48 405.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.54 405.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.39 405.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.39 405.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.45 405.25 Td (was ) Tj ET Q q 0 0 0 rg BT 214.07 405.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 253.35 405.25 Td (due ) Tj ET Q q 0 0 0 rg BT 269.85 405.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.70 405.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 316.76 405.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 339.37 405.25 Td (on ) Tj ET Q q 0 0 0 rg BT 351.43 405.25 Td (pretax ) Tj ET Q q 0 0 0 rg BT 378.48 405.25 Td (income ) Tj ET Q q 0 0 0 rg BT 409.98 405.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.38 405.25 Td ($19.4 ) Tj ET Q q 0 0 0 rg BT 444.94 405.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.84 405.25 Td (. ) Tj ET Q q 0 0 0 rg BT 478.40 405.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 510.45 405.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.73 405.25 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.31 393.25 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 80.30 393.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.19 393.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.67 393.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.94 393.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.94 393.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.42 393.25 Td (was ) Tj ET Q q 0 0 0 rg BT 162.46 393.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 202.15 393.25 Td (due ) Tj ET Q q 0 0 0 rg BT 219.08 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.34 393.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 266.82 393.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 289.85 393.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.33 393.25 Td (pretax ) Tj ET Q q 0 0 0 rg BT 329.80 393.25 Td (income ) Tj ET Q q 0 0 0 rg BT 361.72 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.54 393.25 Td ($21.1 ) Tj ET Q q 0 0 0 rg BT 397.52 393.25 Td (million ) Tj ET Q q 0 0 0 rg BT 428.90 393.25 Td (of) Tj ET Q q 0 0 0 rg BT 437.05 393.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 453.97 393.25 Td (by ) Tj ET Q q 0 0 0 rg BT 466.45 393.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.38 393.25 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 493.36 393.25 Td (million ) Tj ET Q q 0 0 0 rg BT 524.74 393.25 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 381.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.61 381.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 111.41 381.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 126.13 381.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 148.07 381.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 187.78 381.25 Td (allowance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 364.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.56 364.25 Td (ef) Tj ET Q q 0 0 0 rg BT 99.15 364.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 128.85 364.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.58 364.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 161.07 364.25 Td (did ) Tj ET Q q 0 0 0 rg BT 176.35 364.25 Td (not ) Tj ET Q q 0 0 0 rg BT 191.64 364.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 244.14 364.25 Td (dif) Tj ET Q q 0 0 0 rg BT 255.06 364.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 268.67 364.25 Td (from ) Tj ET Q q 0 0 0 rg BT 290.61 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.34 364.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 342.84 364.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 373.10 364.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 390.59 364.25 Td (during ) Tj ET Q q 0 0 0 rg BT 419.20 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.93 364.25 Td (years ) Tj ET Q q 0 0 0 rg BT 457.53 364.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 483.92 364.25 Td (December ) Tj ET Q q 0 0 0 rg BT 527.51 364.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 364.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 364.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.02 352.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.02 352.25 Td (, ) Tj ET Q q 0 0 0 rg BT 90.59 352.25 Td (although ) Tj ET Q q 0 0 0 rg BT 127.66 352.25 Td (there ) Tj ET Q q 0 0 0 rg BT 149.73 352.25 Td (were ) Tj ET Q q 0 0 0 rg BT 171.23 352.25 Td (of) Tj ET Q q 0 0 0 rg BT 179.38 352.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 211.45 352.25 Td (dif) Tj ET Q q 0 0 0 rg BT 222.38 352.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 257.76 352.25 Td (between ) Tj ET Q q 0 0 0 rg BT 293.15 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.45 352.25 Td (ef) Tj ET Q q 0 0 0 rg BT 315.04 352.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 344.31 352.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 358.61 352.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 375.67 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.19 352.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 429.26 352.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 459.09 352.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.15 352.25 Td (due ) Tj ET Q q 0 0 0 rg BT 492.66 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.52 352.25 Td (non-deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (items ) Tj ET Q q 0 0 0 rg BT 73.41 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.08 340.25 Td (state ) Tj ET Q q 0 0 0 rg BT 110.65 340.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 135.94 340.25 Td (of) Tj ET Q q 0 0 0 rg BT 144.09 340.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 160.76 340.25 Td (by ) Tj ET Q q 0 0 0 rg BT 173.00 340.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 206.90 340.25 Td (related ) Tj ET Q q 0 0 0 rg BT 236.34 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.36 340.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 276.36 340.25 Td (research ) Tj ET Q q 0 0 0 rg BT 311.90 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.58 340.25 Td (development ) Tj ET Q q 0 0 0 rg BT 382.47 340.25 Td (credits. ) Tj ET Q q 0 0 0 rg BT 413.87 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.11 340.25 Td (During ) Tj ET Q q 0 0 0 rg BT 446.68 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.13 340.25 Td (year ) Tj ET Q q 0 0 0 rg BT 480.58 340.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.70 340.25 Td (December ) Tj ET Q q 0 0 0 rg BT 550.02 340.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 90.33 328.25 Td (ef) Tj ET Q q 0 0 0 rg BT 97.92 328.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 127.62 328.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.34 328.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 159.82 328.25 Td (dif) Tj ET Q q 0 0 0 rg BT 170.75 328.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 193.79 328.25 Td (from ) Tj ET Q q 0 0 0 rg BT 215.73 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.44 328.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 267.94 328.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 298.19 328.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 315.68 328.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 361.50 328.25 Td (due ) Tj ET Q q 0 0 0 rg BT 378.44 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 388.71 328.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 423.42 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.70 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.42 328.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 488.13 328.25 Td (allowance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 311.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.11 311.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 130.38 311.25 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.97 311.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 214.44 311.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.44 311.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 311.25 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 246.06 311.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.95 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 277.01 311.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.85 311.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.85 311.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.41 311.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 351.22 311.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.22 311.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.28 311.25 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 382.84 311.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.74 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.79 311.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.63 311.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.63 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.69 311.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.19 311.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 502.00 311.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 311.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.06 311.25 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 533.62 311.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 311.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.11 299.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.11 299.25 Td (. ) Tj ET Q q 0 0 0 rg BT 87.17 299.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.81 299.25 Td (e ) Tj ET Q q 0 0 0 rg BT 104.09 299.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 142.36 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.97 299.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 192.80 299.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.07 299.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 242.12 299.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 286.49 299.25 Td (against ) Tj ET Q q 0 0 0 rg BT 318.65 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.70 299.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 371.85 299.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.90 299.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.07 299.25 Td (related ) Tj ET Q q 0 0 0 rg BT 446.10 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.72 299.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 488.76 299.25 Td (state ) Tj ET Q q 0 0 0 rg BT 510.92 299.25 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 299.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.54 287.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 118.15 287.25 Td (credits, ) Tj ET Q q 0 0 0 rg BT 149.69 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.30 287.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 208.88 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.60 287.25 Td (which ) Tj ET Q q 0 0 0 rg BT 246.43 287.25 Td (is ) Tj ET Q q 0 0 0 rg BT 255.49 287.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 295.08 287.25 Td (as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.41 287.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.80 287.25 Td (we ) Tj ET Q q 0 0 0 rg BT 319.85 287.25 Td (expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.33 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.50 287.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 394.75 287.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 437.13 287.25 Td (such ) Tj ET Q q 0 0 0 rg BT 457.85 287.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 486.89 287.25 Td (at ) Tj ET Q q 0 0 0 rg BT 496.50 287.25 Td (a ) Tj ET Q q 0 0 0 rg BT 503.33 287.25 Td (faster ) Tj ET Q q 0 0 0 rg BT 527.92 287.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 545.30 287.25 Td (than) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 287.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.29 275.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.62 275.25 Td (able ) Tj ET Q q 0 0 0 rg BT 96.40 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.30 275.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 133.42 275.25 Td (them) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.41 275.25 Td (. ) Tj ET Q q 0 0 0 rg BT 157.89 275.25 Td (W) Tj ET Q q 0 0 0 rg BT 166.52 275.25 Td (e ) Tj ET Q q 0 0 0 rg BT 173.09 275.25 Td (will ) Tj ET Q q 0 0 0 rg BT 190.77 275.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 227.33 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.23 275.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 263.80 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.14 275.25 Td (need ) Tj ET Q q 0 0 0 rg BT 299.15 275.25 Td (for ) Tj ET Q q 0 0 0 rg BT 312.93 275.25 Td (a ) Tj ET Q q 0 0 0 rg BT 319.50 275.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 358.83 275.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 401.49 275.25 Td (on ) Tj ET Q q 0 0 0 rg BT 413.62 275.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 449.05 275.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.39 275.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.84 275.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.97 275.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 544.75 275.25 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 83.95 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.18 263.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 137.84 263.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 176.16 263.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.94 263.25 Td (may ) Tj ET Q q 0 0 0 rg BT 213.94 263.25 Td (exist. ) Tj ET Q q 0 0 0 rg BT 237.50 263.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 257.51 263.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 304.18 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.74 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.75 263.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 365.84 263.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 380.84 263.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 403.07 263.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 443.07 263.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 486.39 263.25 Td (will ) Tj ET Q q 0 0 0 rg BT 504.73 263.25 Td (be ) Tj ET Q q 0 0 0 rg BT 516.96 263.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 554.72 263.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 251.25 Td (income ) Tj ET Q q 0 0 0 rg BT 96.15 251.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 136.97 251.25 Td (for ) Tj ET Q q 0 0 0 rg BT 151.13 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.85 251.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 197.79 251.25 Td (that ) Tj ET Q q 0 0 0 rg BT 215.28 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.00 251.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 276.38 251.25 Td (is ) Tj ET Q q 0 0 0 rg BT 285.55 251.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 333.03 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.31 251.25 Td (be ) Tj ET Q q 0 0 0 rg BT 355.25 251.25 Td (required.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.95 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.02 224.95 Td (and ) Tj ET Q q 0 0 0 rg BT 110.64 224.95 Td (Capital ) Tj ET Q q 0 0 0 rg BT 144.81 224.95 Td (Resour) Tj ET Q q 0 0 0 rg BT 175.18 224.95 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 207.95 Td (As ) Tj ET Q q 0 0 0 rg BT 88.60 207.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.92 207.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.00 207.95 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 207.95 Td (, ) Tj ET Q q 0 0 0 rg BT 187.49 207.95 Td (we ) Tj ET Q q 0 0 0 rg BT 203.14 207.95 Td (had ) Tj ET Q q 0 0 0 rg BT 221.56 207.95 Td (cash, ) Tj ET Q q 0 0 0 rg BT 245.82 207.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.58 207.95 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 317.11 207.95 Td (and ) Tj ET Q q 0 0 0 rg BT 335.54 207.95 Td (short-term ) Tj ET Q q 0 0 0 rg BT 381.19 207.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 432.95 207.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.27 207.95 Td ($76.1 ) Tj ET Q q 0 0 0 rg BT 471.76 207.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 207.95 Td ( ) Tj ET Q q 0 0 0 rg BT 504.64 207.95 Td (and ) Tj ET Q q 0 0 0 rg BT 523.07 207.95 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.12 195.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.29 195.95 Td ($58.7 ) Tj ET Q q 0 0 0 rg BT 136.63 195.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.52 195.95 Td (. ) Tj ET Q q 0 0 0 rg BT 170.86 195.95 Td (Cash ) Tj ET Q q 0 0 0 rg BT 193.70 195.95 Td (and ) Tj ET Q q 0 0 0 rg BT 210.98 195.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.59 195.95 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 279.98 195.95 Td (consist ) Tj ET Q q 0 0 0 rg BT 310.60 195.95 Td (of ) Tj ET Q q 0 0 0 rg BT 321.77 195.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.38 195.95 Td (and ) Tj ET Q q 0 0 0 rg BT 359.66 195.95 Td (money ) Tj ET Q q 0 0 0 rg BT 389.72 195.95 Td (market ) Tj ET Q q 0 0 0 rg BT 420.33 195.95 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 460.65 195.95 Td (Both ) Tj ET Q q 0 0 0 rg BT 482.94 195.95 Td (short ) Tj ET Q q 0 0 0 rg BT 505.78 195.95 Td (and ) Tj ET Q q 0 0 0 rg BT 523.06 195.95 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.57 183.95 Td (consist ) Tj ET Q q 0 0 0 rg BT 129.65 183.95 Td (of ) Tj ET Q q 0 0 0 rg BT 140.28 183.95 Td (corporate ) Tj ET Q q 0 0 0 rg BT 180.33 183.95 Td (bonds ) Tj ET Q q 0 0 0 rg BT 206.53 183.95 Td (and ) Tj ET Q q 0 0 0 rg BT 223.26 183.95 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 272.51 183.95 Td (certificates ) Tj ET Q q 0 0 0 rg BT 318.67 183.95 Td (of ) Tj ET Q q 0 0 0 rg BT 329.29 183.95 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 362.98 183.95 Td (municipal ) Tj ET Q q 0 0 0 rg BT 405.27 183.95 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 454.51 183.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 474.60 183.95 Td (government ) Tj ET Q q 0 0 0 rg BT 524.66 183.95 Td (notes ) Tj ET Q q 0 0 0 rg BT 548.07 183.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.78 171.95 Td (government ) Tj ET Q q 0 0 0 rg BT 120.05 171.95 Td (agency ) Tj ET Q q 0 0 0 rg BT 150.86 171.95 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 150.95 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 150.95 Td (e ) Tj ET Q q 0 0 0 rg BT 88.38 150.95 Td (believe ) Tj ET Q q 0 0 0 rg BT 119.06 150.95 Td (that ) Tj ET Q q 0 0 0 rg BT 135.86 150.95 Td (our ) Tj ET Q q 0 0 0 rg BT 151.00 150.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 184.47 150.95 Td (cash, ) Tj ET Q q 0 0 0 rg BT 206.54 150.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.12 150.95 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 273.46 150.95 Td (and ) Tj ET Q q 0 0 0 rg BT 289.71 150.95 Td (short-term ) Tj ET Q q 0 0 0 rg BT 333.17 150.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 382.75 150.95 Td (will ) Tj ET Q q 0 0 0 rg BT 400.11 150.95 Td (be ) Tj ET Q q 0 0 0 rg BT 411.35 150.95 Td (suf) Tj ET Q q 0 0 0 rg BT 423.39 150.95 Td (ficient ) Tj ET Q q 0 0 0 rg BT 450.74 150.95 Td (to ) Tj ET Q q 0 0 0 rg BT 460.33 150.95 Td (fund ) Tj ET Q q 0 0 0 rg BT 480.46 150.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.92 150.95 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.23 138.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 127.30 138.95 Td (and ) Tj ET Q q 0 0 0 rg BT 143.70 138.95 Td (other ) Tj ET Q q 0 0 0 rg BT 166.22 138.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 185.96 138.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 240.13 138.95 Td (for ) Tj ET Q q 0 0 0 rg BT 253.75 138.95 Td (at ) Tj ET Q q 0 0 0 rg BT 262.94 138.95 Td (least ) Tj ET Q q 0 0 0 rg BT 283.23 138.95 Td (the ) Tj ET Q q 0 0 0 rg BT 297.42 138.95 Td (next ) Tj ET Q q 0 0 0 rg BT 316.60 138.95 Td (12 ) Tj ET Q q 0 0 0 rg BT 328.57 138.95 Td (months. ) Tj ET Q q 0 0 0 rg BT 362.34 138.95 Td (W) Tj ET Q q 0 0 0 rg BT 370.98 138.95 Td (e ) Tj ET Q q 0 0 0 rg BT 377.39 138.95 Td (may ) Tj ET Q q 0 0 0 rg BT 396.57 138.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 418.52 138.95 Td (into ) Tj ET Q q 0 0 0 rg BT 436.05 138.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 485.79 138.95 Td (in ) Tj ET Q q 0 0 0 rg BT 495.53 138.95 Td (the ) Tj ET Q q 0 0 0 rg BT 509.72 138.95 Td (future, ) Tj ET Q q 0 0 0 rg BT 538.06 138.95 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.95 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 126.95 Td (require ) Tj ET Q q 0 0 0 rg BT 105.04 126.95 Td (us ) Tj ET Q q 0 0 0 rg BT 116.44 126.95 Td (to ) Tj ET Q q 0 0 0 rg BT 126.72 126.95 Td (seek ) Tj ET Q q 0 0 0 rg BT 146.99 126.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 189.48 126.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 216.98 126.95 Td (or ) Tj ET Q q 0 0 0 rg BT 227.82 126.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 247.54 126.95 Td (financing. ) Tj ET Q q 0 0 0 rg BT 289.75 126.95 Td (Additional ) Tj ET Q q 0 0 0 rg BT 335.03 126.95 Td (funds ) Tj ET Q q 0 0 0 rg BT 359.76 126.95 Td (may ) Tj ET Q q 0 0 0 rg BT 379.48 126.95 Td (not ) Tj ET Q q 0 0 0 rg BT 394.76 126.95 Td (be ) Tj ET Q q 0 0 0 rg BT 406.70 126.95 Td (available ) Tj ET Q q 0 0 0 rg BT 445.29 126.95 Td (on ) Tj ET Q q 0 0 0 rg BT 457.80 126.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 482.52 126.95 Td (favorable ) Tj ET Q q 0 0 0 rg BT 522.78 126.95 Td (to ) Tj ET Q q 0 0 0 rg BT 533.06 126.95 Td (us ) Tj ET Q q 0 0 0 rg BT 544.45 126.95 Td (or ) Tj ET Q q 0 0 0 rg BT 555.29 126.95 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.95 Td (all.) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 740.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 740.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 172.37 740.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 194.31 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.14 740.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 250.96 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.79 740.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.05 740.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 306.78 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 325.93 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.09 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 740.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 386.75 740.10 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 690.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 690.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 690.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 690.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 660.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 660.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 660.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 660.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 716.6 m 449 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 716.6 m 453 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 716.6 m 506 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 716.6 m 563 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 703.6 m 449 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 703.6 m 506 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 703.6 m 563 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 645.6 m 563 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 645.6 m 449 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 631.6 m 449 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 629.6 m 449 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 645.6 m 506 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 631.6 m 506 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 629.6 m 506 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 645.6 m 563 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 631.6 m 563 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 629.6 m 563 629.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 720.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 720.83 Td (Year ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 707.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 707.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 707.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 707.83 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 694.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 694.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 681.17 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 680.27 Td (40,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 680.27 Td (28,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 680.27 Td (27,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 666.17 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 665.32 Td (\(61,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 665.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 665.32 Td (\(52,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 665.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 665.32 Td (\(69,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 665.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 651.17 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 650.27 Td (13,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 650.27 Td (12,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 650.27 Td (61,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 636.17 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.30 635.32 Td (\(6,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 635.32 Td (\(10,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 635.27 Td (20,382) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 605.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 104.93 605.10 Td (Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 584.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 584.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 95.49 584.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 125.81 584.10 Td (December ) Tj ET Q q 0 0 0 rg BT 171.12 584.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.27 584.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.27 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.93 584.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 257.37 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.54 584.10 Td (Y) Tj ET Q q 0 0 0 rg BT 273.54 584.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.53 584.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 320.85 584.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.16 584.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.31 584.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.31 584.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 584.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 432.13 584.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 471.33 584.10 Td (by ) Tj ET Q q 0 0 0 rg BT 484.99 584.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 584.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.36 572.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.36 572.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.47 572.10 Td ($1) Tj ET Q q 0 0 0 rg BT 111.10 572.10 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 125.71 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.60 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.71 572.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.26 572.10 Td ($29.0 ) Tj ET Q q 0 0 0 rg BT 202.87 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.76 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.87 572.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.76 572.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.76 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.87 572.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 572.10 Td ($40.6 ) Tj ET Q q 0 0 0 rg BT 300.36 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.26 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.37 572.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.25 572.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.25 572.10 Td (. ) Tj ET Q q 0 0 0 rg BT 365.86 572.10 Td (In ) Tj ET Q q 0 0 0 rg BT 376.30 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.63 572.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 443.28 572.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 487.60 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.04 572.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 517.92 572.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 544.75 572.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.72 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.40 560.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 140.84 560.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.61 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.96 560.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 229.95 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.96 560.10 Td (net ) Tj ET Q q 0 0 0 rg BT 255.85 560.10 Td (income ) Tj ET Q q 0 0 0 rg BT 287.96 560.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 323.96 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.29 560.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 377.07 560.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 411.95 560.10 Td (items ) Tj ET Q q 0 0 0 rg BT 436.29 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.41 560.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 488.29 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.74 560.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 539.18 560.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.80 548.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 109.38 548.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 126.68 548.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.98 548.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 199.60 548.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.60 548.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.46 548.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 232.82 548.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.71 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.58 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.10 548.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.18 548.10 Td (year ) Tj ET Q q 0 0 0 rg BT 314.25 548.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 340.99 548.10 Td (December ) Tj ET Q q 0 0 0 rg BT 384.93 548.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.43 548.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 548.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.16 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.35 548.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 476.64 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.28 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.36 548.10 Td (same ) Tj ET Q q 0 0 0 rg BT 525.77 548.10 Td (period ) Tj ET Q q 0 0 0 rg BT 554.18 548.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 536.10 Td (. ) Tj ET Q q 0 0 0 rg BT 73.80 536.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.29 536.10 Td (net ) Tj ET Q q 0 0 0 rg BT 105.45 536.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 156.27 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 536.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 204.59 536.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.25 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.20 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.92 536.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.63 536.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 295.12 536.10 Td (by ) Tj ET Q q 0 0 0 rg BT 307.06 536.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 346.76 536.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.81 536.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 424.50 536.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 536.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.44 536.10 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 460.89 536.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.78 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.72 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.32 536.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.48 536.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.63 536.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.94 524.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.44 524.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.79 524.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.79 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.14 524.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.83 524.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 182.61 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.74 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.31 524.10 Td (same ) Tj ET Q q 0 0 0 rg BT 230.21 524.10 Td (period ) Tj ET Q q 0 0 0 rg BT 258.11 524.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.79 524.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.79 524.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.48 524.10 Td (The ) Tj ET Q q 0 0 0 rg BT 311.38 524.10 Td (net ) Tj ET Q q 0 0 0 rg BT 325.95 524.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 377.18 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.87 524.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 422.43 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.56 524.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.67 524.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 498.36 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.15 524.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.72 524.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.93 512.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 108.13 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.79 512.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.21 512.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.97 512.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 242.04 512.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.04 512.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.70 512.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 274.86 512.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.75 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.41 512.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.73 512.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.61 512.10 Td (year ) Tj ET Q q 0 0 0 rg BT 355.47 512.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.01 512.10 Td (December ) Tj ET Q q 0 0 0 rg BT 425.75 512.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.25 512.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.91 512.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.91 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.57 512.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.56 512.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.64 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.08 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.95 512.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 500.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.38 500.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.38 500.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 479.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.51 479.10 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 116.48 479.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.37 479.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.84 479.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.59 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.06 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.31 479.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.99 479.10 Td (net ) Tj ET Q q 0 0 0 rg BT 222.68 479.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 274.02 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.82 479.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 323.39 479.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.05 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.52 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.77 479.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 378.00 479.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 416.02 479.10 Td (by ) Tj ET Q q 0 0 0 rg BT 428.48 479.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.71 479.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 507.28 479.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.30 479.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.06 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.96 467.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.52 467.10 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 102.14 467.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.03 467.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 467.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.91 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.03 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.93 467.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 197.82 467.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.38 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.72 467.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 278.04 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.49 467.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 323.92 467.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 349.08 467.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 467.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 375.27 467.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.16 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.28 467.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 444.50 467.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 492.72 467.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 510.40 467.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.52 467.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 77.36 455.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 116.31 455.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.27 455.10 Td (MortgageCEO, ) Tj ET Q q 0 0 0 rg BT 206.17 455.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.14 455.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 237.17 455.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.06 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.58 455.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.34 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.86 455.10 Td (from ) Tj ET Q q 0 0 0 rg BT 331.83 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.57 455.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 403.64 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.49 455.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 461.01 455.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.87 455.10 Td (as ) Tj ET Q q 0 0 0 rg BT 501.72 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.69 455.10 Td (result ) Tj ET Q q 0 0 0 rg BT 537.43 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 455.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 111.10 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.66 443.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 163.16 443.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 213.66 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.82 443.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.98 443.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 258.21 443.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.10 443.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.82 443.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.58 443.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.30 443.10 Td (from ) Tj ET Q q 0 0 0 rg BT 347.46 443.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 376.29 443.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 391.23 443.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 425.60 443.10 Td (from ) Tj ET Q q 0 0 0 rg BT 447.77 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.71 443.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 498.19 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.24 443.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 533.07 443.10 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 431.10 Td (were ) Tj ET Q q 0 0 0 rg BT 88.92 431.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 136.96 431.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.89 431.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.16 431.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 237.76 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.04 431.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 288.30 431.10 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 410.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.25 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.33 410.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.41 410.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 186.04 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.79 410.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 242.32 410.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 276.28 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.37 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.12 410.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.64 410.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.05 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.36 410.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 410.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 374.81 410.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.70 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.01 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.10 410.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.17 410.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 474.03 410.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.34 410.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 410.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 398.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.45 398.10 Td (year ) Tj ET Q q 0 0 0 rg BT 92.64 398.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.50 398.10 Td (December ) Tj ET Q q 0 0 0 rg BT 161.56 398.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.06 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.04 398.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.04 398.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.02 398.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.33 398.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 249.73 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.49 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 398.10 Td (same ) Tj ET Q q 0 0 0 rg BT 296.21 398.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.73 398.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.49 398.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.49 398.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.97 398.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 375.50 398.10 Td (net ) Tj ET Q q 0 0 0 rg BT 389.70 398.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 426.66 398.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 469.72 398.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 502.23 398.10 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 543.08 398.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.28 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.29 386.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 120.58 386.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 165.47 386.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.70 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.15 386.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 227.38 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.06 386.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 274.40 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.97 386.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.64 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.32 386.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 355.66 386.10 Td (activity) Tj ET Q q 0 0 0 rg BT 385.01 386.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.74 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.31 386.10 Td (customers) Tj ET Q q 0 0 0 rg BT 450.44 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.67 386.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 491.34 386.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 527.07 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.75 386.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (collections.) Tj ET Q q 0 0 0 rg BT 97.64 374.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.03 374.10 Td (change ) Tj ET Q q 0 0 0 rg BT 147.18 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.80 374.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 190.63 374.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 229.57 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.85 374.10 Td (other ) Tj ET Q q 0 0 0 rg BT 270.24 374.10 Td (current ) Tj ET Q q 0 0 0 rg BT 301.39 374.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 327.56 374.10 Td (was ) Tj ET Q q 0 0 0 rg BT 345.96 374.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 386.01 374.10 Td (due ) Tj ET Q q 0 0 0 rg BT 403.29 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.91 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.96 374.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 457.92 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.09 374.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 510.25 374.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.76 374.10 Td (computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.60 362.10 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 123.24 362.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.46 362.10 Td (change ) Tj ET Q q 0 0 0 rg BT 172.46 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.91 362.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 218.36 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.48 362.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.70 362.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.71 362.10 Td (was ) Tj ET Q q 0 0 0 rg BT 302.93 362.10 Td (due ) Tj ET Q q 0 0 0 rg BT 320.05 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.50 362.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 366.48 362.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 417.50 362.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 456.27 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.38 362.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 502.17 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.18 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.07 362.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.95 350.10 Td (software ) Tj ET Q q 0 0 0 rg BT 99.17 350.10 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 134.99 350.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.33 350.10 Td (change ) Tj ET Q q 0 0 0 rg BT 182.43 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.00 350.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 228.78 350.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 261.66 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.89 350.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 310.77 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.00 350.10 Td (other ) Tj ET Q q 0 0 0 rg BT 349.33 350.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 388.34 350.10 Td (was ) Tj ET Q q 0 0 0 rg BT 405.68 350.10 Td (due ) Tj ET Q q 0 0 0 rg BT 421.91 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.48 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.49 350.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 473.40 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.52 350.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 525.30 350.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.50 338.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 107.38 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.72 338.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 152.21 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.20 338.10 Td (does ) Tj ET Q q 0 0 0 rg BT 190.09 338.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.43 338.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 233.53 338.10 Td (any ) Tj ET Q q 0 0 0 rg BT 250.52 338.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 295.30 338.10 Td (change ) Tj ET Q q 0 0 0 rg BT 326.17 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.51 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.29 338.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 378.83 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.72 338.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 423.37 338.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 465.46 338.10 Td (The ) Tj ET Q q 0 0 0 rg BT 483.56 338.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 518.88 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.22 338.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.97 326.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.47 326.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 133.51 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.55 326.10 Td (result ) Tj ET Q q 0 0 0 rg BT 173.60 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.75 326.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 227.01 326.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 249.28 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.44 326.10 Td (publishing ) Tj ET Q q 0 0 0 rg BT 305.49 326.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 361.10 326.10 Td (following ) Tj ET Q q 0 0 0 rg BT 402.81 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.85 326.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 464.56 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.10 326.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 510.70 326.10 Td (as ) Tj ET Q q 0 0 0 rg BT 521.86 326.10 Td (well ) Tj ET Q q 0 0 0 rg BT 541.90 326.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.06 326.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.74 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.01 314.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 116.93 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.75 314.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 179.12 314.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 216.31 314.10 Td (of) Tj ET Q q 0 0 0 rg BT 224.46 314.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 241.39 314.10 Td (by ) Tj ET Q q 0 0 0 rg BT 253.88 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.80 314.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 297.70 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.97 314.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 357.66 314.10 Td (software ) Tj ET Q q 0 0 0 rg BT 394.58 314.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 447.59 314.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.41 314.10 Td (more ) Tj ET Q q 0 0 0 rg BT 481.44 314.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 524.48 314.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 549.18 314.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 72.00 302.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 108.93 302.10 Td (which ) Tj ET Q q 0 0 0 rg BT 135.87 302.10 Td (does ) Tj ET Q q 0 0 0 rg BT 156.70 302.10 Td (not ) Tj ET Q q 0 0 0 rg BT 171.98 302.10 Td (include ) Tj ET Q q 0 0 0 rg BT 203.91 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.63 302.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 236.68 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.51 302.10 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 296.10 302.10 Td (maintenance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 281.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 281.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 95.49 281.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 125.81 281.10 Td (December ) Tj ET Q q 0 0 0 rg BT 171.12 281.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.27 281.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.27 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.93 281.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 257.37 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.54 281.10 Td (Y) Tj ET Q q 0 0 0 rg BT 273.54 281.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.53 281.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 320.85 281.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.16 281.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.31 281.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.31 281.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 281.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 432.13 281.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 471.33 281.10 Td (by ) Tj ET Q q 0 0 0 rg BT 484.99 281.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 281.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.53 269.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.53 269.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.80 269.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 121.58 269.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.47 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.74 269.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.46 269.10 Td ($27.8 ) Tj ET Q q 0 0 0 rg BT 199.23 269.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.12 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.40 269.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.45 269.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.45 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.72 269.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.78 269.10 Td ($29.0 ) Tj ET Q q 0 0 0 rg BT 297.55 269.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.44 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.72 269.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.77 269.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.77 269.10 Td (. ) Tj ET Q q 0 0 0 rg BT 363.54 269.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 380.26 269.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.96 269.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 453.65 269.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 269.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.93 269.10 Td ($6.1 ) Tj ET Q q 0 0 0 rg BT 485.70 269.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.59 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.87 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.80 269.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.29 269.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.10 257.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.91 257.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.41 257.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.14 257.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.14 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.87 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 168.92 257.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 211.07 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.58 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.52 257.10 Td (same ) Tj ET Q q 0 0 0 rg BT 259.79 257.10 Td (period ) Tj ET Q q 0 0 0 rg BT 288.06 257.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.12 257.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.12 257.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.15 257.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.42 257.10 Td (net ) Tj ET Q q 0 0 0 rg BT 357.37 257.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 408.97 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.03 257.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 458.85 257.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.52 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.25 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.75 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.24 257.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 552.52 257.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.37 245.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.58 245.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 167.44 245.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.44 245.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.55 245.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 199.16 245.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.05 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.16 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.93 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.25 245.10 Td (year ) Tj ET Q q 0 0 0 rg BT 277.57 245.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 303.55 245.10 Td (December ) Tj ET Q q 0 0 0 rg BT 346.75 245.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.25 245.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.35 245.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.35 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.46 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.90 245.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 435.43 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.32 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.64 245.10 Td (same ) Tj ET Q q 0 0 0 rg BT 482.30 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 509.96 245.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.39 245.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.39 245.10 Td (. ) Tj ET Q q 0 0 0 rg BT 545.00 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 245.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.59 233.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 116.35 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.55 233.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 162.64 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.29 233.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.93 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 240.13 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.45 233.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 297.54 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.19 233.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.83 233.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 367.26 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 380.13 233.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 420.77 233.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.74 233.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 500.37 233.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.37 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.25 233.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 533.62 233.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 221.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.38 221.10 Td (year ) Tj ET Q q 0 0 0 rg BT 98.08 221.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.46 221.10 Td (December ) Tj ET Q q 0 0 0 rg BT 168.04 221.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.54 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.04 221.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.04 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.54 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.38 221.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 258.30 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.58 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.29 221.10 Td (same ) Tj ET Q q 0 0 0 rg BT 306.34 221.10 Td (period ) Tj ET Q q 0 0 0 rg BT 334.39 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.22 221.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.22 221.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 200.10 Td (Contributing ) Tj ET Q q 0 0 0 rg BT 127.48 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.13 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.21 200.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 188.84 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.48 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.57 200.10 Td (net ) Tj ET Q q 0 0 0 rg BT 229.65 200.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 281.41 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.60 200.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 331.57 200.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 366.65 200.10 Td (items ) Tj ET Q q 0 0 0 rg BT 391.18 200.10 Td (was ) Tj ET Q q 0 0 0 rg BT 409.60 200.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.91 200.10 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 437.28 200.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.17 200.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.04 200.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.79 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.66 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.31 200.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.82 188.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 145.30 188.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 185.29 188.10 Td (due ) Tj ET Q q 0 0 0 rg BT 202.51 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.06 188.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 266.31 188.10 Td (A) Tj ET Q q 0 0 0 rg BT 272.62 188.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 299.28 188.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 332.04 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.59 188.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.57 188.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 417.55 188.10 Td (during ) Tj ET Q q 0 0 0 rg BT 446.44 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.43 188.10 Td (third ) Tj ET Q q 0 0 0 rg BT 483.10 188.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 514.19 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.30 188.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 548.07 188.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.13 176.10 Td (first ) Tj ET Q q 0 0 0 rg BT 82.64 176.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 113.37 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.11 176.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 146.52 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.37 176.10 Td (new ) Tj ET Q q 0 0 0 rg BT 182.44 176.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 205.96 176.10 Td (option ) Tj ET Q q 0 0 0 rg BT 233.92 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.77 176.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 276.52 176.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 303.37 176.10 Td (made ) Tj ET Q q 0 0 0 rg BT 327.44 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.63 176.10 Td (new ) Tj ET Q q 0 0 0 rg BT 356.69 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.54 176.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 407.62 176.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 455.29 176.10 Td (of) Tj ET Q q 0 0 0 rg BT 463.44 176.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 480.29 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.48 176.10 Td (part ) Tj ET Q q 0 0 0 rg BT 508.43 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 520.84 176.10 Td (reductions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.01 164.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 91.97 164.10 Td (vested, ) Tj ET Q q 0 0 0 rg BT 122.09 164.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 143.05 164.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 185.10 164.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 208.28 164.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 242.31 164.10 Td (which ) Tj ET Q q 0 0 0 rg BT 268.82 164.10 Td (no ) Tj ET Q q 0 0 0 rg BT 280.89 164.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 308.51 164.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 347.23 164.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 381.51 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.36 164.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 417.98 164.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 438.94 164.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 489.90 164.10 Td (was ) Tj ET Q q 0 0 0 rg BT 507.52 164.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.03 164.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 533.61 164.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 164.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.58 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.69 152.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 146.44 152.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 183.48 152.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 223.02 152.10 Td (due ) Tj ET Q q 0 0 0 rg BT 239.79 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.90 152.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 291.66 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.32 152.10 Td (property ) Tj ET Q q 0 0 0 rg BT 338.53 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.30 152.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 399.84 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.83 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.49 152.10 Td (data ) Tj ET Q q 0 0 0 rg BT 448.48 152.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 479.12 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.89 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.88 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.54 152.10 Td (new ) Tj ET Q q 0 0 0 rg BT 544.53 152.10 Td (ERP) Tj ET Q q 0 0 0 rg BT 562.50 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (system, ) Tj ET Q q 0 0 0 rg BT 81.08 140.10 Td (which ) Tj ET Q q 0 0 0 rg BT 106.82 140.10 Td (was ) Tj ET Q q 0 0 0 rg BT 123.68 140.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 151.07 140.10 Td (into ) Tj ET Q q 0 0 0 rg BT 167.93 140.10 Td (service ) Tj ET Q q 0 0 0 rg BT 197.55 140.10 Td (during ) Tj ET Q q 0 0 0 rg BT 224.96 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.48 140.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 264.22 140.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 293.84 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.47 140.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 326.99 140.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 376.89 140.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.69 140.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 432.53 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.17 140.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 487.35 140.10 Td (premium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.76 140.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 128.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.94 128.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 81.89 128.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.78 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.22 128.10 Td (due ) Tj ET Q q 0 0 0 rg BT 130.10 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.32 128.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 182.19 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.97 128.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 237.07 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.95 128.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 295.82 128.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 346.04 128.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 378.48 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.70 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.36 128.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 430.24 128.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.00 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.77 128.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 496.71 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.16 128.10 Td (Of) Tj ET Q q 0 0 0 rg BT 509.53 128.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 541.97 128.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (contributors ) Tj ET Q q 0 0 0 rg BT 100.15 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.26 116.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.35 116.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 168.23 116.10 Td (by ) Tj ET Q q 0 0 0 rg BT 180.55 116.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 220.64 116.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 259.07 116.10 Td (were ) Tj ET Q q 0 0 0 rg BT 280.82 116.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 309.25 116.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.79 116.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 360.27 116.10 Td (which ) Tj ET Q q 0 0 0 rg BT 387.04 116.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 416.01 116.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.11 116.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 473.98 116.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.31 116.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.40 116.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.58 104.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 106.98 104.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.62 104.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 139.77 104.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.66 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.30 104.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 211.16 104.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.13 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.22 104.10 Td (result ) Tj ET Q q 0 0 0 rg BT 254.08 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.05 104.10 Td (windfall ) Tj ET Q q 0 0 0 rg BT 301.02 104.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 315.88 104.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 350.18 104.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.83 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.69 104.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 413.08 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.06 104.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 447.81 104.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 482.40 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.38 104.10 Td (which ) Tj ET Q q 0 0 0 rg BT 520.46 104.10 Td (there ) Tj ET Q q 0 0 0 rg BT 543.09 104.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (none ) Tj ET Q q 0 0 0 rg BT 71.56 92.10 Td (in ) Tj ET Q q 0 0 0 rg BT 81.97 92.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 107.09 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.14 92.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 130.65 92.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 168.26 92.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.65 92.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 226.83 92.10 Td (by ) Tj ET Q q 0 0 0 rg BT 239.45 92.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.84 92.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 318.56 92.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.74 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.58 92.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 381.97 92.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.03 92.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 439.96 92.10 Td (income ) Tj ET Q q 0 0 0 rg BT 472.02 92.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 497.69 92.10 Td (which ) Tj ET Q q 0 0 0 rg BT 524.75 92.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.23 80.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 82.46 80.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 80.10 Td (, ) Tj ET Q q 0 0 0 rg BT 116.58 80.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.52 80.10 Td (due ) Tj ET Q q 0 0 0 rg BT 173.68 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.19 80.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 223.57 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.07 80.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 270.11 80.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 293.38 80.10 Td (related ) Tj ET Q q 0 0 0 rg BT 323.31 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.82 80.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 383.75 80.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 444.53 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.69 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.64 80.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 496.02 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.08 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.25 80.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.74 80.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 68.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 100.02 68.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.74 68.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 136.68 68.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 176.39 68.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 219.42 68.10 Td (during ) Tj ET Q q 0 0 0 rg BT 248.03 68.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 273.03 68.10 Td (as ) Tj ET Q q 0 0 0 rg BT 283.86 68.10 Td (there ) Tj ET Q q 0 0 0 rg BT 306.35 68.10 Td (was ) Tj ET Q q 0 0 0 rg BT 324.40 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.68 68.10 Td (2012.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.33 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.51 740.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.67 740.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 186.40 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.23 740.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 242.84 740.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 276.90 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.07 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.91 740.10 Td (net ) Tj ET Q q 0 0 0 rg BT 308.52 740.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 343.67 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.40 740.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 374.29 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.18 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.58 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.76 740.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.92 740.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 473.86 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.26 740.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.42 740.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.45 728.10 Td (year ) Tj ET Q q 0 0 0 rg BT 92.64 728.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.50 728.10 Td (December ) Tj ET Q q 0 0 0 rg BT 161.56 728.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 176.04 728.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 198.02 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.33 728.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 249.73 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.49 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 728.10 Td (same ) Tj ET Q q 0 0 0 rg BT 296.21 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.73 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.49 728.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 357.97 728.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 375.50 728.10 Td (net ) Tj ET Q q 0 0 0 rg BT 389.70 728.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 426.66 728.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 469.72 728.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 502.23 728.10 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 543.08 728.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.38 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.48 716.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 117.86 716.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 161.84 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.17 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 716.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 217.15 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.81 716.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 249.58 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.35 716.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 294.79 716.10 Td (activity) Tj ET Q q 0 0 0 rg BT 324.13 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 328.96 716.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.05 716.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 394.70 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.47 716.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 446.00 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.11 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.77 716.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 514.63 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.62 716.10 Td (doubtful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (accounts.) Tj ET Q q 0 0 0 rg BT 89.30 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.54 704.10 Td (change ) Tj ET Q q 0 0 0 rg BT 138.55 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.02 704.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 181.70 704.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 220.49 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.62 704.10 Td (other ) Tj ET Q q 0 0 0 rg BT 260.86 704.10 Td (current ) Tj ET Q q 0 0 0 rg BT 291.87 704.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 317.89 704.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.13 704.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 376.03 704.10 Td (due ) Tj ET Q q 0 0 0 rg BT 393.17 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.64 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.54 704.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 447.35 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.37 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.28 704.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 510.41 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.76 704.10 Td (computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.48 692.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 123.18 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.06 692.10 Td (well ) Tj ET Q q 0 0 0 rg BT 153.82 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.70 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 176.69 692.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 211.99 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.31 692.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 245.41 692.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 289.04 692.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 326.58 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.57 692.10 Td (windfall ) Tj ET Q q 0 0 0 rg BT 384.44 692.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.20 692.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 433.41 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.95 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.72 692.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 496.02 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.90 692.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 530.55 692.10 Td (options. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.97 680.10 Td (change ) Tj ET Q q 0 0 0 rg BT 97.21 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.90 680.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 141.60 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.96 680.10 Td (other ) Tj ET Q q 0 0 0 rg BT 180.43 680.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 205.68 680.10 Td (was ) Tj ET Q q 0 0 0 rg BT 223.16 680.10 Td (due ) Tj ET Q q 0 0 0 rg BT 239.52 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.22 680.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 284.44 680.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 334.70 680.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 372.72 680.10 Td (which ) Tj ET Q q 0 0 0 rg BT 399.08 680.10 Td (started ) Tj ET Q q 0 0 0 rg BT 427.66 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.36 680.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 459.28 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.64 680.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 503.67 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.92 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.06 680.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.95 668.10 Td (software ) Tj ET Q q 0 0 0 rg BT 99.17 668.10 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 134.99 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.33 668.10 Td (change ) Tj ET Q q 0 0 0 rg BT 182.43 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.00 668.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 228.78 668.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 261.66 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.89 668.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 310.77 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.00 668.10 Td (other ) Tj ET Q q 0 0 0 rg BT 349.33 668.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 388.34 668.10 Td (was ) Tj ET Q q 0 0 0 rg BT 405.68 668.10 Td (due ) Tj ET Q q 0 0 0 rg BT 421.91 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.48 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.49 668.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 473.40 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.52 668.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 525.30 668.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 656.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 107.26 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.54 656.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 151.97 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.90 656.10 Td (does ) Tj ET Q q 0 0 0 rg BT 189.73 656.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.01 656.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 233.04 656.10 Td (any ) Tj ET Q q 0 0 0 rg BT 249.98 656.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 294.70 656.10 Td (change ) Tj ET Q q 0 0 0 rg BT 325.51 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.79 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.51 656.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 377.99 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.82 656.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 422.41 656.10 Td (liabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 630.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 100.47 630.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 613.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.79 613.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 128.18 613.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 168.59 613.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 208.42 613.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.04 613.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 271.99 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.06 613.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 327.23 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.40 613.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 389.13 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.20 613.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 455.21 613.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 498.38 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.44 613.10 Td (property ) Tj ET Q q 0 0 0 rg BT 548.06 613.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 92.99 601.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 135.37 601.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 156.65 601.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 191.24 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.29 601.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 233.23 601.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 281.70 601.10 Td (software\) ) Tj ET Q q 0 0 0 rg BT 320.74 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.46 601.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 376.06 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 388.99 601.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 438.04 601.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 480.43 601.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 518.36 601.10 Td (payments\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (Purchases ) Tj ET Q q 0 0 0 rg BT 91.73 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.30 589.10 Td (property ) Tj ET Q q 0 0 0 rg BT 138.41 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.09 589.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 199.54 589.10 Td (may ) Tj ET Q q 0 0 0 rg BT 219.00 589.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 239.00 589.10 Td (from ) Tj ET Q q 0 0 0 rg BT 260.68 589.10 Td (period ) Tj ET Q q 0 0 0 rg BT 288.47 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.48 589.10 Td (period ) Tj ET Q q 0 0 0 rg BT 326.27 589.10 Td (due ) Tj ET Q q 0 0 0 rg BT 342.95 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.96 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.42 589.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 395.77 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.80 589.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 463.58 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.15 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.72 589.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 533.61 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 589.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 77.80 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.32 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.84 577.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 153.24 577.10 Td (software ) Tj ET Q q 0 0 0 rg BT 189.85 577.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 223.70 577.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 254.21 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.18 577.10 Td (capitalization. ) Tj ET Q q 0 0 0 rg BT 322.58 577.10 Td (W) Tj ET Q q 0 0 0 rg BT 331.21 577.10 Td (e ) Tj ET Q q 0 0 0 rg BT 337.84 577.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 357.25 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.22 577.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 403.84 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.81 577.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 448.75 577.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 498.72 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.69 577.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 548.07 577.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.43 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.71 565.10 Td (support ) Tj ET Q q 0 0 0 rg BT 129.21 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.04 565.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 175.87 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.81 565.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 233.06 565.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 291.92 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.86 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 323.02 565.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 350.52 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.79 565.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 397.73 565.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 435.23 565.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 471.60 565.10 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 548.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.19 548.10 Td (used ) Tj ET Q q 0 0 0 rg BT 117.21 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.68 548.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.04 548.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.83 548.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.85 548.10 Td ($61.2 ) Tj ET Q q 0 0 0 rg BT 242.05 548.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.94 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.63 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.98 548.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.89 548.10 Td (year ) Tj ET Q q 0 0 0 rg BT 322.79 548.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.36 548.10 Td (December ) Tj ET Q q 0 0 0 rg BT 393.13 548.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.63 548.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.33 548.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.33 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.02 548.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.26 548.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.16 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.07 548.10 Td (result ) Tj ET Q q 0 0 0 rg BT 528.98 548.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 548.10 Td ($19.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.49 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.25 536.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 138.77 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.20 536.10 Td (property ) Tj ET Q q 0 0 0 rg BT 187.17 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.71 536.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 250.02 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.55 536.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.65 536.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 327.06 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.94 536.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.69 536.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.99 536.10 Td (software ) Tj ET Q q 0 0 0 rg BT 460.52 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.05 536.10 Td (website ) Tj ET Q q 0 0 0 rg BT 511.70 536.10 Td (applications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 69.24 524.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.13 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.36 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.38 524.10 Td (net ) Tj ET Q q 0 0 0 rg BT 124.83 524.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 166.49 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.06 524.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 229.57 524.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.57 524.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 290.13 524.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.70 524.10 Td ($28.1 ) Tj ET Q q 0 0 0 rg BT 325.43 524.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.32 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.56 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.23 524.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 392.97 524.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.86 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.09 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.99 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.95 524.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 486.96 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.64 524.10 Td (MortgageCEO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 102.27 512.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 149.93 512.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.93 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.87 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.59 512.10 Td (final ) Tj ET Q q 0 0 0 rg BT 207.42 512.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 227.42 512.10 Td (million ) Tj ET Q q 0 0 0 rg BT 258.81 512.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 295.74 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.57 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.29 512.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 360.44 512.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.38 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.10 512.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 443.48 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.31 512.10 Td (Del ) Tj ET Q q 0 0 0 rg BT 471.25 512.10 Td (Mar ) Tj ET Q q 0 0 0 rg BT 490.41 512.10 Td (Datatrac, ) Tj ET Q q 0 0 0 rg BT 529.27 512.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 495.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.09 495.10 Td (used ) Tj ET Q q 0 0 0 rg BT 117.01 495.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.38 495.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 166.63 495.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.32 495.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.24 495.10 Td ($52.3 ) Tj ET Q q 0 0 0 rg BT 241.33 495.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.22 495.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.81 495.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.06 495.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.86 495.10 Td (year ) Tj ET Q q 0 0 0 rg BT 321.66 495.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.13 495.10 Td (December ) Tj ET Q q 0 0 0 rg BT 391.80 495.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 495.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.89 495.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.89 495.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.48 495.10 Td (was ) Tj ET Q q 0 0 0 rg BT 447.62 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.43 495.10 Td (result ) Tj ET Q q 0 0 0 rg BT 487.23 495.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 495.10 Td ($44.2 ) Tj ET Q q 0 0 0 rg BT 523.24 495.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.13 495.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.72 495.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.78 483.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 107.27 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.66 483.10 Td (investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.99 483.10 Td ($6.1 ) Tj ET Q q 0 0 0 rg BT 192.55 483.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.44 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.50 483.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.22 483.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 281.71 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.10 483.10 Td (property ) Tj ET Q q 0 0 0 rg BT 330.04 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.54 483.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 392.81 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.31 483.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 433.37 483.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 469.75 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.59 483.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 515.30 483.10 Td (internal-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.38 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.27 471.10 Td (website ) Tj ET Q q 0 0 0 rg BT 136.26 471.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 187.04 471.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.92 471.10 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 223.87 471.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.77 471.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.22 471.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.44 471.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 307.88 471.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.66 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.44 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.10 471.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 413.21 471.10 Td (from ) Tj ET Q q 0 0 0 rg BT 435.10 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.76 471.10 Td (201) Tj ET Q q 0 0 0 rg BT 464.39 471.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 471.84 471.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 518.17 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.96 471.10 Td (Del ) Tj ET Q q 0 0 0 rg BT 545.84 471.10 Td (Mar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.10 Td (Datatrac, ) Tj ET Q q 0 0 0 rg BT 88.36 459.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 442.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.19 442.10 Td (used ) Tj ET Q q 0 0 0 rg BT 117.21 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.68 442.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.04 442.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.83 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.85 442.10 Td ($69.1 ) Tj ET Q q 0 0 0 rg BT 242.05 442.10 Td (million ) Tj ET Q q 0 0 0 rg BT 273.63 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.98 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.89 442.10 Td (year ) Tj ET Q q 0 0 0 rg BT 322.79 442.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.36 442.10 Td (December ) Tj ET Q q 0 0 0 rg BT 393.13 442.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 408.33 442.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 431.02 442.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.26 442.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.16 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.07 442.10 Td (result ) Tj ET Q q 0 0 0 rg BT 528.98 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.00 442.10 Td ($58.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.05 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.49 430.10 Td (net ) Tj ET Q q 0 0 0 rg BT 106.36 430.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 148.45 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.43 430.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 212.37 430.10 Td ($8.1 ) Tj ET Q q 0 0 0 rg BT 232.52 430.10 Td (million ) Tj ET Q q 0 0 0 rg BT 264.07 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 278.39 430.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 320.48 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.46 430.10 Td (property ) Tj ET Q q 0 0 0 rg BT 368.00 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.10 430.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.96 430.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 460.40 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.71 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.70 430.10 Td (data ) Tj ET Q q 0 0 0 rg BT 510.01 430.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 540.99 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 558.08 430.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 69.50 418.10 Td (million ) Tj ET Q q 0 0 0 rg BT 100.89 418.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 140.05 418.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 176.98 418.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 210.02 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.30 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.02 418.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 281.40 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.23 418.10 Td (DMD.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 392.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 104.92 392.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 375.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 116.01 375.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 154.62 375.10 Td (have ) Tj ET Q q 0 0 0 rg BT 176.01 375.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 215.75 375.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 255.47 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.32 375.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 286.60 375.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 324.66 375.10 Td (from ) Tj ET Q q 0 0 0 rg BT 346.62 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.35 375.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 396.62 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.46 375.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 431.08 375.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 465.55 375.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 494.16 375.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 508.89 375.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 543.06 375.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 90.69 363.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 129.66 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.31 363.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 163.74 363.10 Td (options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.19 363.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.01 363.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 238.65 363.10 Td (related ) Tj ET Q q 0 0 0 rg BT 268.18 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.28 363.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 307.25 363.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 329.55 363.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 376.32 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.08 363.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 407.61 363.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 448.26 363.10 Td (related ) Tj ET Q q 0 0 0 rg BT 477.78 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.88 363.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.19 363.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 552.51 363.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.19 351.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 83.98 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.99 351.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 130.68 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.80 351.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 181.80 351.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 205.70 351.10 Td (units ) Tj ET Q q 0 0 0 rg BT 227.95 351.10 Td (\(RSUs\). ) Tj ET Q q 0 0 0 rg BT 263.25 351.10 Td (In ) Tj ET Q q 0 0 0 rg BT 274.37 351.10 Td (May ) Tj ET Q q 0 0 0 rg BT 295.50 351.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 320.79 351.10 Td (our ) Tj ET Q q 0 0 0 rg BT 336.92 351.10 Td (board ) Tj ET Q q 0 0 0 rg BT 362.48 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.61 351.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 411.39 351.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 451.39 351.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.63 351.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 482.53 351.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 528.63 351.10 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.00 339.10 Td (which ) Tj ET Q q 0 0 0 rg BT 100.18 339.10 Td (we ) Tj ET Q q 0 0 0 rg BT 113.57 339.10 Td (are ) Tj ET Q q 0 0 0 rg BT 127.51 339.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 171.45 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.96 339.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 226.00 339.10 Td (up ) Tj ET Q q 0 0 0 rg BT 237.74 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.25 339.10 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 271.49 339.10 Td (million ) Tj ET Q q 0 0 0 rg BT 302.11 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.18 339.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.24 339.10 Td (common ) Tj ET Q q 0 0 0 rg BT 363.97 339.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 386.82 339.10 Td (over ) Tj ET Q q 0 0 0 rg BT 406.32 339.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.49 339.10 Td (36-month ) Tj ET Q q 0 0 0 rg BT 453.12 339.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 482.90 339.10 Td (all ) Tj ET Q q 0 0 0 rg BT 494.63 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.69 339.10 Td (which ) Tj ET Q q 0 0 0 rg BT 530.87 339.10 Td (remains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.24 327.10 Td (as ) Tj ET Q q 0 0 0 rg BT 99.22 327.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.20 327.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 168.94 327.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.94 327.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.09 327.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 221.73 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.60 327.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 275.63 327.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 317.71 327.10 Td (may ) Tj ET Q q 0 0 0 rg BT 337.58 327.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.67 327.10 Td (made ) Tj ET Q q 0 0 0 rg BT 373.97 327.10 Td (from ) Tj ET Q q 0 0 0 rg BT 396.06 327.10 Td (time ) Tj ET Q q 0 0 0 rg BT 416.49 327.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.92 327.10 Td (time ) Tj ET Q q 0 0 0 rg BT 447.34 327.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.99 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.86 327.10 Td (open ) Tj ET Q q 0 0 0 rg BT 496.95 327.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 529.87 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.96 327.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.06 315.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 92.96 315.10 Td (from ) Tj ET Q q 0 0 0 rg BT 115.52 315.10 Td (available ) Tj ET Q q 0 0 0 rg BT 154.73 315.10 Td (working ) Tj ET Q q 0 0 0 rg BT 191.18 315.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 223.23 315.10 Td (There ) Tj ET Q q 0 0 0 rg BT 249.67 315.10 Td (were ) Tj ET Q q 0 0 0 rg BT 272.23 315.10 Td (no ) Tj ET Q q 0 0 0 rg BT 285.35 315.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 335.67 315.10 Td (under ) Tj ET Q q 0 0 0 rg BT 361.56 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.90 315.10 Td (program ) Tj ET Q q 0 0 0 rg BT 413.90 315.10 Td (during ) Tj ET Q q 0 0 0 rg BT 443.14 315.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.48 315.10 Td (year ) Tj ET Q q 0 0 0 rg BT 478.81 315.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.81 315.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.02 315.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.52 315.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 303.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 286.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.06 286.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.17 286.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.73 286.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.05 286.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.71 286.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.60 286.10 Td ($13.9 ) Tj ET Q q 0 0 0 rg BT 261.66 286.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.55 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.11 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.33 286.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.11 286.10 Td (year ) Tj ET Q q 0 0 0 rg BT 341.88 286.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.31 286.10 Td (December ) Tj ET Q q 0 0 0 rg BT 411.96 286.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.46 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.02 286.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.02 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.58 286.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 489.35 286.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.13 286.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 286.10 Td ($10.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.12 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.62 274.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.89 274.10 Td (from ) Tj ET Q q 0 0 0 rg BT 152.05 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.00 274.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 202.48 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.54 274.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 237.37 274.10 Td (options ) Tj ET Q q 0 0 0 rg BT 269.55 274.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.71 274.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 306.94 274.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.83 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.56 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.06 274.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 377.89 274.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.83 274.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 427.21 274.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.38 274.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 490.98 274.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 530.35 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.41 274.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.95 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.70 262.10 Td (of) Tj ET Q q 0 0 0 rg BT 91.85 262.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 108.53 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.56 262.10 Td (part ) Tj ET Q q 0 0 0 rg BT 136.35 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 148.60 262.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 163.06 262.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 203.64 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.21 262.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 233.96 262.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.85 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.10 262.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.55 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.58 262.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 331.81 262.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 369.06 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.96 262.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 410.76 262.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 450.21 262.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 473.56 262.10 Td (units ) Tj ET Q q 0 0 0 rg BT 495.26 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.95 262.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 552.52 262.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 250.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 105.03 250.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.86 250.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 135.86 250.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.75 250.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 233.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.34 233.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.72 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.56 233.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 188.16 233.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 227.09 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.26 233.10 Td ($12.7 ) Tj ET Q q 0 0 0 rg BT 263.60 233.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.49 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.33 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 309.82 233.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.88 233.10 Td (year ) Tj ET Q q 0 0 0 rg BT 344.92 233.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 371.63 233.10 Td (December ) Tj ET Q q 0 0 0 rg BT 415.56 233.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.06 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.89 233.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.89 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.73 233.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 493.78 233.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 533.83 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 233.10 Td ($6.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.99 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.37 221.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.51 221.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.55 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.37 221.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 201.73 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.66 221.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.37 221.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 270.92 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.96 221.10 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 308.06 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.95 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.55 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.93 221.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 378.63 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.45 221.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 427.71 221.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.75 221.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 491.22 221.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 530.47 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.40 221.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.95 209.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 192.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.06 192.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.17 192.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.73 192.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.05 192.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.71 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.60 192.10 Td ($61.8 ) Tj ET Q q 0 0 0 rg BT 261.66 192.10 Td (million ) Tj ET Q q 0 0 0 rg BT 293.11 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.33 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.11 192.10 Td (year ) Tj ET Q q 0 0 0 rg BT 341.88 192.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.31 192.10 Td (December ) Tj ET Q q 0 0 0 rg BT 411.96 192.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 427.02 192.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 449.58 192.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 489.35 192.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.13 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 192.10 Td ($55.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.91 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.21 180.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.27 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.23 180.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.09 180.10 Td (follow-on ) Tj ET Q q 0 0 0 rg BT 209.05 180.10 Td (public ) Tj ET Q q 0 0 0 rg BT 236.56 180.10 Td (of) Tj ET Q q 0 0 0 rg BT 244.71 180.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 273.61 180.10 Td (net ) Tj ET Q q 0 0 0 rg BT 288.35 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.20 180.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.35 180.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 333.75 180.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 358.77 180.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 378.79 180.10 Td (million ) Tj ET Q q 0 0 0 rg BT 410.21 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.51 180.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 458.57 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 480.53 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.27 180.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 530.54 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 180.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.45 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.39 168.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 118.39 168.10 Td (million ) Tj ET Q q 0 0 0 rg BT 149.78 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.06 168.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 188.66 168.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.37 168.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 233.64 168.10 Td (from ) Tj ET Q q 0 0 0 rg BT 255.57 168.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 290.83 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.66 168.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 325.27 168.10 Td (options.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 147.10 Td (Off ) Tj ET Q q 0 0 0 rg BT 66.44 147.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 102.83 147.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 128.10 147.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 130.70 Td (As ) Tj ET Q q 0 0 0 rg BT 88.17 130.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.05 130.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.69 130.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.69 130.70 Td (, ) Tj ET Q q 0 0 0 rg BT 188.74 130.70 Td (we ) Tj ET Q q 0 0 0 rg BT 204.96 130.70 Td (had ) Tj ET Q q 0 0 0 rg BT 223.95 130.70 Td (no ) Tj ET Q q 0 0 0 rg BT 238.50 130.70 Td (of) Tj ET Q q 0 0 0 rg BT 246.65 130.70 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 288.40 130.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 313.50 130.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 371.91 130.70 Td (and ) Tj ET Q q 0 0 0 rg BT 390.91 130.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 433.22 130.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 461.65 130.70 Td (were ) Tj ET Q q 0 0 0 rg BT 485.64 130.70 Td (the ) Tj ET Q q 0 0 0 rg BT 502.41 130.70 Td (only ) Tj ET Q q 0 0 0 rg BT 524.74 130.70 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 105.86 118.70 Td (not ) Tj ET Q q 0 0 0 rg BT 121.14 118.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 156.96 118.70 Td (on ) Tj ET Q q 0 0 0 rg BT 169.46 118.70 Td (our ) Tj ET Q q 0 0 0 rg BT 185.29 118.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 238.33 118.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.81 118.70 Td (statements.) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 103.66 740.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 723.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 143.58 723.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.58 723.85 Td (, ) Tj ET Q q 0 0 0 rg BT 168.58 723.85 Td (our ) Tj ET Q q 0 0 0 rg BT 184.41 723.85 Td (contractual ) Tj ET Q q 0 0 0 rg BT 231.33 723.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 268.27 723.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 315.21 723.85 Td (are ) Tj ET Q q 0 0 0 rg BT 329.92 723.85 Td (as ) Tj ET Q q 0 0 0 rg BT 340.75 723.85 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 658.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 658.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 658.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 658.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 658.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 658.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 658.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 658.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 658.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 628.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 628.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 628.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 628.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 628.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 628.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 628.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 628.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 628.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 628.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 598.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 598.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 598.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 598.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 598.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 598.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 598.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 598.35 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 598.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 598.35 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 698.35 m 315 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 698.35 m 320 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 698.35 m 377 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 698.35 m 382 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 698.35 m 439 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 698.35 m 444 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 698.35 m 501 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 698.35 m 506 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 698.35 m 563 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 673.35 m 315 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 673.35 m 320 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 673.35 m 377 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 673.35 m 382 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 673.35 m 439 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 673.35 m 444 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 698.35 m 501 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 673.35 m 501 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 673.35 m 506 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 698.35 m 563 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 673.35 m 563 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 598.35 m 377 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 598.35 m 439 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 598.35 m 315 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 584.35 m 315 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 582.35 m 315 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 598.35 m 377 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 584.35 m 377 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 582.35 m 377 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 598.35 m 439 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 584.35 m 439 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 582.35 m 439 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 598.35 m 501 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 584.35 m 501 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 582.35 m 501 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 598.35 m 563 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 584.35 m 563 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 582.35 m 563 582.35 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 703.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.90 703.03 Td (Payment due by period \(as of December31, 2014*\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 678.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.05 678.03 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.55 688.03 Td (Lessthan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 678.03 Td ( 1 year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.30 688.03 Td (1-3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.35 678.03 Td ( years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.30 688.03 Td (3-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.35 678.03 Td ( years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.45 688.03 Td (Morethan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 678.03 Td ( 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 663.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.55 663.03 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 648.02 Td (Acquisition holdback, net of discounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 648.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 648.02 Td (522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 648.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 648.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 648.02 Td (522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 648.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.50 648.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 648.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 648.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 648.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 648.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 648.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 648.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 633.02 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 633.02 Td (885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 633.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 633.02 Td (437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 633.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 633.02 Td (448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 633.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 633.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 633.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 618.02 Td (Operating lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 618.02 Td (38,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 618.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 618.02 Td (3,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 618.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 618.02 Td (7,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 618.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 618.02 Td (7,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 618.02 Td (19,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 603.02 Td (Purchase obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 603.02 Td (11,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 603.02 Td (6,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 603.02 Td (4,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 603.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 603.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 588.02 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 588.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 588.02 Td (50,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 588.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 588.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 588.02 Td (11,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 588.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.50 588.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 588.02 Td (12,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 588.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 588.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 588.02 Td (7,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 588.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 588.02 Td (19,404) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.92 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 563.02 Td (In ) Tj ET Q q 0 0 0 rg BT 74.35 563.02 Td (January ) Tj ET Q q 0 0 0 rg BT 107.97 563.02 Td (2015, ) Tj ET Q q 0 0 0 rg BT 132.98 563.02 Td (we ) Tj ET Q q 0 0 0 rg BT 147.16 563.02 Td (entered ) Tj ET Q q 0 0 0 rg BT 179.11 563.02 Td (into ) Tj ET Q q 0 0 0 rg BT 197.18 563.02 Td (a ) Tj ET Q q 0 0 0 rg BT 204.14 563.02 Td (lease ) Tj ET Q q 0 0 0 rg BT 226.64 563.02 Td (agreement ) Tj ET Q q 0 0 0 rg BT 270.80 563.02 Td (to ) Tj ET Q q 0 0 0 rg BT 281.10 563.02 Td (finance ) Tj ET Q q 0 0 0 rg BT 313.04 563.02 Td (the ) Tj ET Q q 0 0 0 rg BT 327.78 563.02 Td (purchase ) Tj ET Q q 0 0 0 rg BT 365.83 563.02 Td (of ) Tj ET Q q 0 0 0 rg BT 376.68 563.02 Td (computer ) Tj ET Q q 0 0 0 rg BT 416.96 563.02 Td (equipment ) Tj ET Q q 0 0 0 rg BT 461.69 563.02 Td (for ) Tj ET Q q 0 0 0 rg BT 475.87 563.02 Td (our ) Tj ET Q q 0 0 0 rg BT 491.72 563.02 Td (data ) Tj ET Q q 0 0 0 rg BT 510.89 563.02 Td (centers ) Tj ET Q q 0 0 0 rg BT 541.73 563.02 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 553.02 Td (payments ) Tj ET Q q 0 0 0 rg BT 105.14 553.02 Td (of ) Tj ET Q q 0 0 0 rg BT 116.79 553.02 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 137.61 553.02 Td (million ) Tj ET Q q 0 0 0 rg BT 169.82 553.02 Td (per ) Tj ET Q q 0 0 0 rg BT 185.90 553.02 Td (month ) Tj ET Q q 0 0 0 rg BT 214.78 553.02 Td (over ) Tj ET Q q 0 0 0 rg BT 235.87 553.02 Td (the ) Tj ET Q q 0 0 0 rg BT 251.40 553.02 Td (24 ) Tj ET Q q 0 0 0 rg BT 264.72 553.02 Td (month ) Tj ET Q q 0 0 0 rg BT 293.59 553.02 Td (term ) Tj ET Q q 0 0 0 rg BT 315.24 553.02 Td (of ) Tj ET Q q 0 0 0 rg BT 326.88 553.02 Td (the ) Tj ET Q q 0 0 0 rg BT 342.42 553.02 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 389.64 553.02 Td (The ) Tj ET Q q 0 0 0 rg BT 408.50 553.02 Td (Company ) Tj ET Q q 0 0 0 rg BT 450.71 553.02 Td (has ) Tj ET Q q 0 0 0 rg BT 467.35 553.02 Td (reflected ) Tj ET Q q 0 0 0 rg BT 505.64 553.02 Td (the ) Tj ET Q q 0 0 0 rg BT 521.18 553.02 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 543.02 Td (associated ) Tj ET Q q 0 0 0 rg BT 107.09 543.02 Td (with ) Tj ET Q q 0 0 0 rg BT 127.37 543.02 Td (this ) Tj ET Q q 0 0 0 rg BT 144.32 543.02 Td (lease ) Tj ET Q q 0 0 0 rg BT 166.81 543.02 Td (as ) Tj ET Q q 0 0 0 rg BT 177.64 543.02 Td (a ) Tj ET Q q 0 0 0 rg BT 184.57 543.02 Td (purchase ) Tj ET Q q 0 0 0 rg BT 222.61 543.02 Td (obligation ) Tj ET Q q 0 0 0 rg BT 265.66 543.02 Td (at ) Tj ET Q q 0 0 0 rg BT 275.38 543.02 Td (December ) Tj ET Q q 0 0 0 rg BT 318.96 543.02 Td (31, ) Tj ET Q q 0 0 0 rg BT 333.96 543.02 Td (2014 ) Tj ET Q q 0 0 0 rg BT 356.46 543.02 Td (in ) Tj ET Q q 0 0 0 rg BT 366.74 543.02 Td (the ) Tj ET Q q 0 0 0 rg BT 381.46 543.02 Td (table ) Tj ET Q q 0 0 0 rg BT 403.39 543.02 Td (above.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 506.95 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 122.39 506.95 Td (holdback, ) Tj ET Q q 0 0 0 rg BT 164.78 506.95 Td (net ) Tj ET Q q 0 0 0 rg BT 180.22 506.95 Td (of ) Tj ET Q q 0 0 0 rg BT 191.78 506.95 Td (discounts ) Tj ET Q q 0 0 0 rg BT 232.78 506.95 Td (is ) Tj ET Q q 0 0 0 rg BT 242.68 506.95 Td (related ) Tj ET Q q 0 0 0 rg BT 273.11 506.95 Td (to ) Tj ET Q q 0 0 0 rg BT 284.12 506.95 Td (the ) Tj ET Q q 0 0 0 rg BT 299.56 506.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 346.67 506.95 Td (of ) Tj ET Q q 0 0 0 rg BT 358.23 506.95 Td (MortgageCEO. ) Tj ET Q q 0 0 0 rg BT 422.83 506.95 Td (See ) Tj ET Q q 0 0 0 rg BT 440.50 506.95 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.06 506.95 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.06 506.95 Td ( ) Tj ET Q q 0 0 0 rg BT 475.28 506.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.95 506.95 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.95 506.95 Td ( ) Tj ET Q q 0 0 0 rg BT 501.18 506.95 Td (of ) Tj ET Q q 0 0 0 rg BT 512.73 506.95 Td (the ) Tj ET Q q 0 0 0 rg BT 528.18 506.95 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.74 506.95 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.95 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 494.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 494.95 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 473.05 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 110.87 473.05 Td (obligations ) Tj ET Q q 0 0 0 rg BT 157.58 473.05 Td (are ) Tj ET Q q 0 0 0 rg BT 172.05 473.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 215.42 473.05 Td (with ) Tj ET Q q 0 0 0 rg BT 235.46 473.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 283.26 473.05 Td (that ) Tj ET Q q 0 0 0 rg BT 300.52 473.05 Td (are ) Tj ET Q q 0 0 0 rg BT 315.00 473.05 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 363.90 473.05 Td (and ) Tj ET Q q 0 0 0 rg BT 380.61 473.05 Td (legally ) Tj ET Q q 0 0 0 rg BT 410.09 473.05 Td (binding ) Tj ET Q q 0 0 0 rg BT 442.91 473.05 Td (and ) Tj ET Q q 0 0 0 rg BT 459.62 473.05 Td (that ) Tj ET Q q 0 0 0 rg BT 476.88 473.05 Td (specify ) Tj ET Q q 0 0 0 rg BT 508.02 473.05 Td (all ) Tj ET Q q 0 0 0 rg BT 520.29 473.05 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.05 Td (terms, ) Tj ET Q q 0 0 0 rg BT 76.43 461.05 Td (including: ) Tj ET Q q 0 0 0 rg BT 119.19 461.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 141.95 461.05 Td (or ) Tj ET Q q 0 0 0 rg BT 152.49 461.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 193.59 461.05 Td (services ) Tj ET Q q 0 0 0 rg BT 228.01 461.05 Td (to ) Tj ET Q q 0 0 0 rg BT 238.00 461.05 Td (be ) Tj ET Q q 0 0 0 rg BT 249.65 461.05 Td (used; ) Tj ET Q q 0 0 0 rg BT 272.97 461.05 Td (fixed, ) Tj ET Q q 0 0 0 rg BT 298.23 461.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 339.33 461.05 Td (or ) Tj ET Q q 0 0 0 rg BT 349.87 461.05 Td (variable ) Tj ET Q q 0 0 0 rg BT 384.28 461.05 Td (price ) Tj ET Q q 0 0 0 rg BT 406.48 461.05 Td (provisions; ) Tj ET Q q 0 0 0 rg BT 453.14 461.05 Td (and ) Tj ET Q q 0 0 0 rg BT 469.79 461.05 Td (the ) Tj ET Q q 0 0 0 rg BT 484.21 461.05 Td (approximate ) Tj ET Q q 0 0 0 rg BT 536.41 461.05 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.05 Td (of ) Tj ET Q q 0 0 0 rg BT 59.96 449.05 Td (the ) Tj ET Q q 0 0 0 rg BT 74.31 449.05 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 122.81 449.05 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 171.61 449.05 Td (under ) Tj ET Q q 0 0 0 rg BT 196.51 449.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 234.73 449.05 Td (that ) Tj ET Q q 0 0 0 rg BT 251.86 449.05 Td (we ) Tj ET Q q 0 0 0 rg BT 265.65 449.05 Td (can ) Tj ET Q q 0 0 0 rg BT 281.66 449.05 Td (cancel ) Tj ET Q q 0 0 0 rg BT 309.32 449.05 Td (without ) Tj ET Q q 0 0 0 rg BT 342.01 449.05 Td (a ) Tj ET Q q 0 0 0 rg BT 348.58 449.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 392.93 449.05 Td (penalty ) Tj ET Q q 0 0 0 rg BT 424.49 449.05 Td (are ) Tj ET Q q 0 0 0 rg BT 438.83 449.05 Td (not ) Tj ET Q q 0 0 0 rg BT 453.74 449.05 Td (included ) Tj ET Q q 0 0 0 rg BT 490.30 449.05 Td (in ) Tj ET Q q 0 0 0 rg BT 500.21 449.05 Td (the ) Tj ET Q q 0 0 0 rg BT 514.56 449.05 Td (table ) Tj ET Q q 0 0 0 rg BT 536.13 449.05 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.05 Td (See ) Tj ET Q q 0 0 0 rg BT 66.44 437.05 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.38 437.05 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.38 437.05 Td ( ) Tj ET Q q 0 0 0 rg BT 95.88 437.05 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 437.05 Td (the ) Tj ET Q q 0 0 0 rg BT 121.42 437.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 147.25 437.05 Td (to ) Tj ET Q q 0 0 0 rg BT 157.53 437.05 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 212.81 437.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 252.52 437.05 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.75 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 410.75 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 142.63 410.75 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 394.35 Td (See ) Tj ET Q q 0 0 0 rg BT 89.64 394.35 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.79 394.35 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.79 394.35 Td ( ) Tj ET Q q 0 0 0 rg BT 119.49 394.35 Td (of ) Tj ET Q q 0 0 0 rg BT 130.52 394.35 Td (the ) Tj ET Q q 0 0 0 rg BT 145.44 394.35 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.48 394.35 Td (to ) Tj ET Q q 0 0 0 rg BT 181.96 394.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 237.44 394.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 277.35 394.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 323.94 394.35 Td (for ) Tj ET Q q 0 0 0 rg BT 338.30 394.35 Td (a ) Tj ET Q q 0 0 0 rg BT 345.45 394.35 Td (full ) Tj ET Q q 0 0 0 rg BT 362.04 394.35 Td (description ) Tj ET Q q 0 0 0 rg BT 409.18 394.35 Td (of ) Tj ET Q q 0 0 0 rg BT 420.21 394.35 Td (recent ) Tj ET Q q 0 0 0 rg BT 447.34 394.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 493.91 394.35 Td (pronouncements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.35 Td (including ) Tj ET Q q 0 0 0 rg BT 88.77 382.35 Td (the ) Tj ET Q q 0 0 0 rg BT 102.49 382.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 139.52 382.35 Td (dates ) Tj ET Q q 0 0 0 rg BT 161.56 382.35 Td (of ) Tj ET Q q 0 0 0 rg BT 171.39 382.35 Td (adoption ) Tj ET Q q 0 0 0 rg BT 207.88 382.35 Td (and ) Tj ET Q q 0 0 0 rg BT 223.82 382.35 Td (estimated ) Tj ET Q q 0 0 0 rg BT 263.64 382.35 Td (ef) Tj ET Q q 0 0 0 rg BT 271.23 382.35 Td (fects ) Tj ET Q q 0 0 0 rg BT 291.60 382.35 Td (on ) Tj ET Q q 0 0 0 rg BT 303.10 382.35 Td (results ) Tj ET Q q 0 0 0 rg BT 330.71 382.35 Td (of ) Tj ET Q q 0 0 0 rg BT 340.53 382.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 383.69 382.35 Td (and ) Tj ET Q q 0 0 0 rg BT 399.62 382.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.10 382.35 Td (condition, ) Tj ET Q q 0 0 0 rg BT 477.87 382.35 Td (which ) Tj ET Q q 0 0 0 rg BT 503.81 382.35 Td (is ) Tj ET Q q 0 0 0 rg BT 511.98 382.35 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.35 Td (herein ) Tj ET Q q 0 0 0 rg BT 76.99 370.35 Td (by ) Tj ET Q q 0 0 0 rg BT 89.49 370.35 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 336.58 Td (ITEM7A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 336.58 Td (QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 314.95 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 314.95 Td (e ) Tj ET Q q 0 0 0 rg BT 89.15 314.95 Td (are ) Tj ET Q q 0 0 0 rg BT 103.93 314.95 Td (exposed ) Tj ET Q q 0 0 0 rg BT 139.28 314.95 Td (to ) Tj ET Q q 0 0 0 rg BT 149.63 314.95 Td (market ) Tj ET Q q 0 0 0 rg BT 179.97 314.95 Td (risks ) Tj ET Q q 0 0 0 rg BT 201.44 314.95 Td (in ) Tj ET Q q 0 0 0 rg BT 211.79 314.95 Td (the ) Tj ET Q q 0 0 0 rg BT 226.59 314.95 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 263.04 314.95 Td (course ) Tj ET Q q 0 0 0 rg BT 291.71 314.95 Td (of ) Tj ET Q q 0 0 0 rg BT 302.62 314.95 Td (our ) Tj ET Q q 0 0 0 rg BT 318.52 314.95 Td (business. ) Tj ET Q q 0 0 0 rg BT 357.31 314.95 Td (These ) Tj ET Q q 0 0 0 rg BT 383.76 314.95 Td (risks ) Tj ET Q q 0 0 0 rg BT 405.23 314.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 445.01 314.95 Td (include ) Tj ET Q q 0 0 0 rg BT 477.02 314.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.03 314.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 526.59 314.95 Td (risks ) Tj ET Q q 0 0 0 rg BT 548.06 314.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.95 Td (inflation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 276.95 Td (Inter) Tj ET Q q 0 0 0 rg BT 80.57 276.95 Td (est ) Tj ET Q q 0 0 0 rg BT 94.18 276.95 Td (Rate ) Tj ET Q q 0 0 0 rg BT 115.00 276.95 Td (Fluctuation ) Tj ET Q q 0 0 0 rg BT 164.16 276.95 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 259.95 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 259.95 Td (e ) Tj ET Q q 0 0 0 rg BT 89.08 259.95 Td (do ) Tj ET Q q 0 0 0 rg BT 101.58 259.95 Td (not ) Tj ET Q q 0 0 0 rg BT 116.85 259.95 Td (have ) Tj ET Q q 0 0 0 rg BT 138.23 259.95 Td (any ) Tj ET Q q 0 0 0 rg BT 155.17 259.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 197.10 259.95 Td (borrowings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 238.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.36 238.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 141.43 238.95 Td (include ) Tj ET Q q 0 0 0 rg BT 173.17 238.95 Td (cash, ) Tj ET Q q 0 0 0 rg BT 195.75 238.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 215.82 238.95 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 263.67 238.95 Td (and ) Tj ET Q q 0 0 0 rg BT 280.41 238.95 Td (both ) Tj ET Q q 0 0 0 rg BT 300.49 238.95 Td (short-term ) Tj ET Q q 0 0 0 rg BT 344.45 238.95 Td (and ) Tj ET Q q 0 0 0 rg BT 361.20 238.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 402.93 238.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 453.01 238.95 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.09 238.95 Td (investment-grade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.95 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 114.51 226.95 Td (securities, ) Tj ET Q q 0 0 0 rg BT 157.03 226.95 Td (such ) Tj ET Q q 0 0 0 rg BT 177.63 226.95 Td (as ) Tj ET Q q 0 0 0 rg BT 188.22 226.95 Td (money ) Tj ET Q q 0 0 0 rg BT 217.69 226.95 Td (market ) Tj ET Q q 0 0 0 rg BT 247.72 226.95 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 287.46 226.95 Td (certificates ) Tj ET Q q 0 0 0 rg BT 333.58 226.95 Td (of ) Tj ET Q q 0 0 0 rg BT 344.17 226.95 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 377.82 226.95 Td (commercial ) Tj ET Q q 0 0 0 rg BT 427.28 226.95 Td (paper) Tj ET Q q 0 0 0 rg BT 449.08 226.95 Td (, ) Tj ET Q q 0 0 0 rg BT 453.85 226.95 Td (corporate ) Tj ET Q q 0 0 0 rg BT 493.86 226.95 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 522.51 226.95 Td (municipal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.95 Td (and ) Tj ET Q q 0 0 0 rg BT 66.28 214.95 Td (government ) Tj ET Q q 0 0 0 rg BT 116.39 214.95 Td (agency ) Tj ET Q q 0 0 0 rg BT 147.05 214.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 193.83 214.95 Td (and ) Tj ET Q q 0 0 0 rg BT 210.61 214.95 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 256.82 214.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 303.60 214.95 Td (of ) Tj ET Q q 0 0 0 rg BT 314.28 214.95 Td (the ) Tj ET Q q 0 0 0 rg BT 328.84 214.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 348.96 214.95 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.73 214.95 Td (. ) Tj ET Q q 0 0 0 rg BT 401.40 214.95 Td (The ) Tj ET Q q 0 0 0 rg BT 419.29 214.95 Td (primary ) Tj ET Q q 0 0 0 rg BT 453.29 214.95 Td (objective ) Tj ET Q q 0 0 0 rg BT 492.28 214.95 Td (of ) Tj ET Q q 0 0 0 rg BT 502.95 214.95 Td (our ) Tj ET Q q 0 0 0 rg BT 518.63 214.95 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 87.69 202.95 Td (is ) Tj ET Q q 0 0 0 rg BT 96.44 202.95 Td (to ) Tj ET Q q 0 0 0 rg BT 106.31 202.95 Td (preserve ) Tj ET Q q 0 0 0 rg BT 142.26 202.95 Td (principal ) Tj ET Q q 0 0 0 rg BT 179.89 202.95 Td (while ) Tj ET Q q 0 0 0 rg BT 204.19 202.95 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 254.05 202.95 Td (income ) Tj ET Q q 0 0 0 rg BT 285.57 202.95 Td (without ) Tj ET Q q 0 0 0 rg BT 318.21 202.95 Td (significantly ) Tj ET Q q 0 0 0 rg BT 370.29 202.95 Td (increasing ) Tj ET Q q 0 0 0 rg BT 413.47 202.95 Td (risk. ) Tj ET Q q 0 0 0 rg BT 432.90 202.95 Td (W) Tj ET Q q 0 0 0 rg BT 441.54 202.95 Td (e ) Tj ET Q q 0 0 0 rg BT 448.06 202.95 Td (do ) Tj ET Q q 0 0 0 rg BT 460.15 202.95 Td (not ) Tj ET Q q 0 0 0 rg BT 475.02 202.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 497.09 202.95 Td (into ) Tj ET Q q 0 0 0 rg BT 514.73 202.95 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.95 Td (for ) Tj ET Q q 0 0 0 rg BT 63.79 190.95 Td (trading ) Tj ET Q q 0 0 0 rg BT 94.74 190.95 Td (or ) Tj ET Q q 0 0 0 rg BT 105.70 190.95 Td (speculative ) Tj ET Q q 0 0 0 rg BT 153.31 190.95 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 193.99 190.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.18 190.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 262.58 190.95 Td (are ) Tj ET Q q 0 0 0 rg BT 277.42 190.95 Td (exposed ) Tj ET Q q 0 0 0 rg BT 312.81 190.95 Td (to ) Tj ET Q q 0 0 0 rg BT 323.22 190.95 Td (market ) Tj ET Q q 0 0 0 rg BT 353.61 190.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 371.24 190.95 Td (due ) Tj ET Q q 0 0 0 rg BT 388.31 190.95 Td (to ) Tj ET Q q 0 0 0 rg BT 398.72 190.95 Td (a ) Tj ET Q q 0 0 0 rg BT 405.79 190.95 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 451.74 190.95 Td (in ) Tj ET Q q 0 0 0 rg BT 462.14 190.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.21 190.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 518.21 190.95 Td (which ) Tj ET Q q 0 0 0 rg BT 545.28 190.95 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.95 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 178.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 178.95 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 178.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.34 178.95 Td (income ) Tj ET Q q 0 0 0 rg BT 154.27 178.95 Td (and ) Tj ET Q q 0 0 0 rg BT 171.21 178.95 Td (the ) Tj ET Q q 0 0 0 rg BT 185.93 178.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.30 178.95 Td (market ) Tj ET Q q 0 0 0 rg BT 232.57 178.95 Td (value ) Tj ET Q q 0 0 0 rg BT 256.72 178.95 Td (of ) Tj ET Q q 0 0 0 rg BT 267.55 178.95 Td (our ) Tj ET Q q 0 0 0 rg BT 283.38 178.95 Td (investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 157.95 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 157.95 Td ( ) Tj ET Q q 0 0 0 rg BT 81.92 157.95 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 133.09 157.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 167.59 157.95 Td (in ) Tj ET Q q 0 0 0 rg BT 177.12 157.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.30 157.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 228.92 157.95 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 157.95 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 261.58 157.95 Td (would ) Tj ET Q q 0 0 0 rg BT 288.33 157.95 Td (have ) Tj ET Q q 0 0 0 rg BT 308.95 157.95 Td (resulted ) Tj ET Q q 0 0 0 rg BT 342.35 157.95 Td (in ) Tj ET Q q 0 0 0 rg BT 351.88 157.95 Td (a ) Tj ET Q q 0 0 0 rg BT 358.06 157.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 394.22 157.95 Td (in ) Tj ET Q q 0 0 0 rg BT 403.75 157.95 Td (the ) Tj ET Q q 0 0 0 rg BT 417.71 157.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.34 157.95 Td (value ) Tj ET Q q 0 0 0 rg BT 456.74 157.95 Td (of ) Tj ET Q q 0 0 0 rg BT 466.82 157.95 Td (our ) Tj ET Q q 0 0 0 rg BT 481.89 157.95 Td (investment ) Tj ET Q q 0 0 0 rg BT 527.52 157.95 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 145.95 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 80.44 145.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 145.95 Td ( ) Tj ET Q q 0 0 0 rg BT 111.89 145.95 Td (as ) Tj ET Q q 0 0 0 rg BT 122.78 145.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.66 145.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 192.30 145.95 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.30 145.95 Td (. ) Tj ET Q q 0 0 0 rg BT 217.17 145.95 Td (The ) Tj ET Q q 0 0 0 rg BT 235.28 145.95 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 285.05 145.95 Td (in ) Tj ET Q q 0 0 0 rg BT 295.38 145.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 311.81 145.95 Td (value ) Tj ET Q q 0 0 0 rg BT 336.02 145.95 Td (of ) Tj ET Q q 0 0 0 rg BT 346.91 145.95 Td (our ) Tj ET Q q 0 0 0 rg BT 362.80 145.95 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.23 145.95 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 446.79 145.95 Td (reflect ) Tj ET Q q 0 0 0 rg BT 474.87 145.95 Td (only ) Tj ET Q q 0 0 0 rg BT 495.21 145.95 Td (the ) Tj ET Q q 0 0 0 rg BT 509.98 145.95 Td (direct ) Tj ET Q q 0 0 0 rg BT 535.30 145.95 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.95 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 133.95 Td (the ) Tj ET Q q 0 0 0 rg BT 75.73 133.95 Td (change ) Tj ET Q q 0 0 0 rg BT 106.89 133.95 Td (in ) Tj ET Q q 0 0 0 rg BT 117.51 133.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.79 133.95 Td (rates. ) Tj ET Q q 0 0 0 rg BT 174.01 133.95 Td (Other ) Tj ET Q q 0 0 0 rg BT 199.62 133.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 241.34 133.95 Td (variables, ) Tj ET Q q 0 0 0 rg BT 282.77 133.95 Td (such ) Tj ET Q q 0 0 0 rg BT 303.95 133.95 Td (as ) Tj ET Q q 0 0 0 rg BT 315.12 133.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 342.96 133.95 Td (market ) Tj ET Q q 0 0 0 rg BT 373.57 133.95 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 423.62 133.95 Td (and ) Tj ET Q q 0 0 0 rg BT 440.90 133.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.95 133.95 Td (in ) Tj ET Q q 0 0 0 rg BT 486.58 133.95 Td (relative ) Tj ET Q q 0 0 0 rg BT 519.40 133.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 545.01 133.95 Td (risk, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.95 Td (could ) Tj ET Q q 0 0 0 rg BT 73.89 121.95 Td (result ) Tj ET Q q 0 0 0 rg BT 98.28 121.95 Td (in ) Tj ET Q q 0 0 0 rg BT 108.23 121.95 Td (a ) Tj ET Q q 0 0 0 rg BT 114.84 121.95 Td (significantly ) Tj ET Q q 0 0 0 rg BT 167.00 121.95 Td (higher ) Tj ET Q q 0 0 0 rg BT 194.72 121.95 Td (decline ) Tj ET Q q 0 0 0 rg BT 225.77 121.95 Td (in ) Tj ET Q q 0 0 0 rg BT 235.72 121.95 Td (the ) Tj ET Q q 0 0 0 rg BT 250.11 121.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.16 121.95 Td (value ) Tj ET Q q 0 0 0 rg BT 289.99 121.95 Td (of ) Tj ET Q q 0 0 0 rg BT 300.49 121.95 Td (our ) Tj ET Q q 0 0 0 rg BT 315.99 121.95 Td (net ) Tj ET Q q 0 0 0 rg BT 330.38 121.95 Td (investment ) Tj ET Q q 0 0 0 rg BT 376.44 121.95 Td (position. ) Tj ET Q q 0 0 0 rg BT 413.34 121.95 Td (For ) Tj ET Q q 0 0 0 rg BT 429.40 121.95 Td (further ) Tj ET Q q 0 0 0 rg BT 458.78 121.95 Td (information ) Tj ET Q q 0 0 0 rg BT 508.17 121.95 Td (on ) Tj ET Q q 0 0 0 rg BT 520.34 121.95 Td (how ) Tj ET Q q 0 0 0 rg BT 539.73 121.95 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 67.00 109.95 Td (is ) Tj ET Q q 0 0 0 rg BT 76.17 109.95 Td (factored ) Tj ET Q q 0 0 0 rg BT 111.42 109.95 Td (into ) Tj ET Q q 0 0 0 rg BT 129.48 109.95 Td (the ) Tj ET Q q 0 0 0 rg BT 144.20 109.95 Td (valuation ) Tj ET Q q 0 0 0 rg BT 183.91 109.95 Td (of ) Tj ET Q q 0 0 0 rg BT 194.74 109.95 Td (our ) Tj ET Q q 0 0 0 rg BT 210.57 109.95 Td (investment ) Tj ET Q q 0 0 0 rg BT 256.95 109.95 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 294.45 109.95 Td (see ) Tj ET Q q 0 0 0 rg BT 309.71 109.95 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 109.95 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 109.95 Td ( ) Tj ET Q q 0 0 0 rg BT 339.15 109.95 Td (of ) Tj ET Q q 0 0 0 rg BT 349.98 109.95 Td (the ) Tj ET Q q 0 0 0 rg BT 364.70 109.95 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.53 109.95 Td (to ) Tj ET Q q 0 0 0 rg BT 400.81 109.95 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 456.08 109.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 495.79 109.95 Td (Statements.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 584.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 584.05 Td (e ) Tj ET Q q 0 0 0 rg BT 89.81 584.05 Td (conducted ) Tj ET Q q 0 0 0 rg BT 134.14 584.05 Td (our ) Tj ET Q q 0 0 0 rg BT 150.70 584.05 Td (audits ) Tj ET Q q 0 0 0 rg BT 177.83 584.05 Td (in ) Tj ET Q q 0 0 0 rg BT 188.84 584.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 237.04 584.05 Td (with ) Tj ET Q q 0 0 0 rg BT 258.05 584.05 Td (the ) Tj ET Q q 0 0 0 rg BT 273.50 584.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 314.50 584.05 Td (of ) Tj ET Q q 0 0 0 rg BT 326.07 584.05 Td (the ) Tj ET Q q 0 0 0 rg BT 341.52 584.05 Td (Public ) Tj ET Q q 0 0 0 rg BT 370.31 584.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.72 584.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 461.61 584.05 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 504.28 584.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 531.96 584.05 Td (\(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.05 Td (States\). ) Tj ET Q q 0 0 0 rg BT 82.07 572.05 Td ( ) Tj ET Q q 0 0 0 rg BT 84.72 572.05 Td (Those ) Tj ET Q q 0 0 0 rg BT 112.01 572.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 152.63 572.05 Td (require ) Tj ET Q q 0 0 0 rg BT 183.80 572.05 Td (that ) Tj ET Q q 0 0 0 rg BT 201.65 572.05 Td (we ) Tj ET Q q 0 0 0 rg BT 216.17 572.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 236.24 572.05 Td (and ) Tj ET Q q 0 0 0 rg BT 253.53 572.05 Td (perform ) Tj ET Q q 0 0 0 rg BT 288.59 572.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.66 572.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 326.51 572.05 Td (to ) Tj ET Q q 0 0 0 rg BT 337.14 572.05 Td (obtain ) Tj ET Q q 0 0 0 rg BT 364.99 572.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 410.60 572.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 452.32 572.05 Td (about ) Tj ET Q q 0 0 0 rg BT 477.39 572.05 Td (whether ) Tj ET Q q 0 0 0 rg BT 512.45 572.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.52 572.05 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.20 560.05 Td (are ) Tj ET Q q 0 0 0 rg BT 108.90 560.05 Td (free ) Tj ET Q q 0 0 0 rg BT 126.93 560.05 Td (of ) Tj ET Q q 0 0 0 rg BT 137.75 560.05 Td (material ) Tj ET Q q 0 0 0 rg BT 173.00 560.05 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 230.75 560.05 Td ( ) Tj ET Q q 0 0 0 rg BT 232.70 560.05 Td (An ) Tj ET Q q 0 0 0 rg BT 247.41 560.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 269.89 560.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 305.71 560.05 Td (examining, ) Tj ET Q q 0 0 0 rg BT 352.91 560.05 Td (on ) Tj ET Q q 0 0 0 rg BT 365.40 560.05 Td (a ) Tj ET Q q 0 0 0 rg BT 372.33 560.05 Td (test ) Tj ET Q q 0 0 0 rg BT 388.71 560.05 Td (basis, ) Tj ET Q q 0 0 0 rg BT 413.70 560.05 Td (evidence ) Tj ET Q q 0 0 0 rg BT 451.72 560.05 Td (supporting ) Tj ET Q q 0 0 0 rg BT 496.99 560.05 Td (the ) Tj ET Q q 0 0 0 rg BT 511.69 560.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 548.07 560.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.05 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 96.46 548.05 Td (in ) Tj ET Q q 0 0 0 rg BT 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(our ) Tj ET Q q 0 0 0 rg BT 147.24 524.05 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 503.05 Td (In ) Tj ET Q q 0 0 0 rg BT 84.55 503.05 Td (our ) Tj ET Q q 0 0 0 rg BT 100.60 503.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 136.38 503.05 Td (the ) Tj ET Q q 0 0 0 rg BT 151.31 503.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 204.57 503.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.27 503.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 287.21 503.05 Td (referred ) Tj ET Q q 0 0 0 rg BT 321.56 503.05 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 503.05 Td (above ) Tj ET Q q 0 0 0 rg BT 358.66 503.05 Td (present ) Tj ET Q q 0 0 0 rg BT 390.25 503.05 Td (fairly) Tj ET Q q 0 0 0 rg BT 411.26 503.05 Td (, ) Tj ET Q q 0 0 0 rg BT 416.48 503.05 Td (in ) Tj ET Q q 0 0 0 rg BT 426.98 503.05 Td (all ) Tj ET Q q 0 0 0 rg BT 439.69 503.05 Td (material ) Tj ET Q q 0 0 0 rg BT 475.17 503.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 512.60 503.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 503.05 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.05 Td (position ) Tj ET Q q 0 0 0 rg BT 84.35 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 95.30 491.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 116.81 491.05 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 139.70 491.05 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 157.59 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 174.66 491.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 224.50 491.05 Td (as ) Tj ET Q q 0 0 0 rg BT 235.45 491.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.40 491.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 305.11 491.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.11 491.05 Td ( ) Tj ET Q q 0 0 0 rg BT 327.73 491.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 491.05 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.80 491.05 Td (, ) Tj ET Q q 0 0 0 rg BT 369.92 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 386.98 491.05 Td (the ) Tj ET Q q 0 0 0 rg BT 401.82 491.05 Td (results ) Tj ET Q q 0 0 0 rg BT 430.55 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 441.51 491.05 Td (their ) Tj ET Q q 0 0 0 rg BT 462.46 491.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 506.73 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 523.80 491.05 Td (their ) Tj ET Q q 0 0 0 rg BT 544.75 491.05 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 75.09 479.05 Td (for ) Tj ET Q q 0 0 0 rg BT 90.12 479.05 Td (each ) Tj ET Q q 0 0 0 rg BT 111.81 479.05 Td (of ) Tj ET Q q 0 0 0 rg BT 123.51 479.05 Td (the ) Tj ET Q q 0 0 0 rg BT 139.10 479.05 Td (three ) Tj ET Q q 0 0 0 rg BT 162.45 479.05 Td (years ) Tj ET Q q 0 0 0 rg BT 186.92 479.05 Td (in ) Tj ET Q q 0 0 0 rg BT 198.07 479.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.66 479.05 Td (period ) Tj ET Q q 0 0 0 rg BT 242.58 479.05 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.82 479.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 329.28 479.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.28 479.05 Td (, ) Tj ET Q q 0 0 0 rg BT 355.15 479.05 Td (in ) Tj ET Q q 0 0 0 rg BT 366.30 479.05 Td (conformity ) Tj ET Q q 0 0 0 rg BT 414.10 479.05 Td (with ) Tj ET Q q 0 0 0 rg BT 435.25 479.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 482.49 479.05 Td (principles ) Tj ET Q q 0 0 0 rg BT 525.30 479.05 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.27 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 95.84 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 467.05 Td (United ) Tj ET Q q 0 0 0 rg BT 138.87 467.05 Td (States ) Tj ET Q q 0 0 0 rg BT 164.55 467.05 Td (of ) Tj ET Q q 0 0 0 rg BT 174.28 467.05 Td (America. ) Tj ET Q q 0 0 0 rg BT 213.00 467.05 Td ( ) Tj ET Q q 0 0 0 rg BT 214.40 467.05 Td (Also ) Tj ET Q q 0 0 0 rg BT 235.08 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 244.66 467.05 Td (our ) Tj ET Q q 0 0 0 rg BT 259.79 467.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 294.64 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 308.65 467.05 Td (related ) Tj ET Q q 0 0 0 rg BT 337.65 467.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.42 467.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 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(material ) Tj ET Q q 0 0 0 rg BT 426.91 455.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 464.35 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 479.30 455.05 Td (information ) Tj ET Q q 0 0 0 rg BT 529.24 455.05 Td (set ) Tj ET Q q 0 0 0 rg BT 543.08 455.05 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.05 Td (therein.) 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Tj ET Q q 0 0 0 rg BT 63.61 410.05 Td (Company) Tj ET Q q 0 0 0 rg BT 105.27 410.05 Td (s ) Tj ET Q q 0 0 0 rg BT 111.05 410.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 143.48 410.05 Td (control ) Tj ET Q q 0 0 0 rg BT 173.70 410.05 Td (over ) Tj ET Q q 0 0 0 rg BT 193.35 410.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.22 410.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 268.77 410.05 Td (as ) Tj ET Q q 0 0 0 rg BT 278.98 410.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.20 410.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.18 410.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 410.05 Td (, ) Tj ET Q q 0 0 0 rg BT 371.56 410.05 Td (based ) Tj ET Q q 0 0 0 rg BT 396.22 410.05 Td (on ) Tj ET Q q 0 0 0 rg BT 408.11 410.05 Td (criteria ) Tj ET Q q 0 0 0 rg BT 438.31 410.05 Td (established ) Tj ET Q q 0 0 0 rg BT 484.63 410.05 Td (in ) Tj ET Q q 0 0 0 rg BT 494.30 410.05 Td (the ) Tj ET Q q 0 0 0 rg BT 508.40 410.05 Td (2013 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 530.29 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q 0 0 0 rg BT 49.50 386.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 386.05 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 386.05 Td (report ) Tj ET Q q 0 0 0 rg BT 108.65 386.05 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.80 386.05 Td (March2, ) Tj ET Q q 0 0 0 rg BT 171.40 386.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.40 386.05 Td ( ) Tj ET Q q 0 0 0 rg BT 193.90 386.05 Td (expressed ) Tj ET Q q 0 0 0 rg BT 235.83 386.05 Td (an ) Tj ET Q q 0 0 0 rg BT 247.77 386.05 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 295.81 386.05 Td (opinion ) Tj ET Q q 0 0 0 rg BT 328.87 386.05 Td (thereon. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.35 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 61.45 320.35 Td (GRANT) Tj ET Q q 0 0 0 rg BT 95.71 320.35 Td ( ) Tj ET Q q 0 0 0 rg BT 98.03 320.35 Td (THORNT) Tj ET Q q 0 0 0 rg BT 138.40 320.35 Td (ON ) Tj ET Q q 0 0 0 rg BT 155.34 320.35 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.35 Td (San ) Tj ET Q q 0 0 0 rg BT 67.00 308.35 Td 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 503.05 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 503.05 Td ( ) Tj ET Q q 0 0 0 rg BT 82.90 503.05 Td (company) Tj ET Q q 0 0 0 rg BT 122.33 503.05 Td (s ) Tj ET Q q 0 0 0 rg BT 128.95 503.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 162.22 503.05 Td (control ) Tj ET Q q 0 0 0 rg BT 193.27 503.05 Td (over ) Tj ET Q q 0 0 0 rg BT 213.76 503.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.47 503.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 290.85 503.05 Td (is ) Tj ET Q q 0 0 0 rg BT 300.25 503.05 Td (a ) Tj ET Q q 0 0 0 rg BT 307.41 503.05 Td (process ) Tj ET Q q 0 0 0 rg BT 340.13 503.05 Td (designed ) Tj ET Q q 0 0 0 rg BT 378.40 503.05 Td (to ) Tj ET Q q 0 0 0 rg BT 388.90 503.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 422.18 503.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 467.66 503.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 509.25 503.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.29 503.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.05 Td (reliability ) Tj ET Q q 0 0 0 rg BT 91.46 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 102.87 491.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.94 491.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 180.67 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 198.19 491.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.49 491.05 Td (preparation ) Tj ET Q q 0 0 0 rg BT 262.11 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.52 491.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.58 491.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 356.88 491.05 Td (for ) Tj ET Q q 0 0 0 rg BT 371.62 491.05 Td (external ) Tj ET Q q 0 0 0 rg BT 406.91 491.05 Td (purposes ) Tj ET Q q 0 0 0 rg BT 445.54 491.05 Td (in ) Tj ET Q q 0 0 0 rg BT 456.40 491.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 504.44 491.05 Td (with ) Tj ET Q q 0 0 0 rg BT 525.30 491.05 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.70 479.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 132.79 479.05 Td (principles. ) Tj ET Q q 0 0 0 rg BT 176.95 479.05 Td ( ) Tj ET Q q 0 0 0 rg BT 178.69 479.05 Td (A) Tj ET Q q 0 0 0 rg BT 185.36 479.05 Td ( ) Tj ET Q q 0 0 0 rg BT 187.58 479.05 Td (company) Tj ET Q q 0 0 0 rg BT 227.02 479.05 Td (s ) Tj ET Q q 0 0 0 rg BT 233.13 479.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.90 479.05 Td (control ) Tj ET Q q 0 0 0 rg BT 296.45 479.05 Td (over ) Tj ET Q q 0 0 0 rg BT 316.45 479.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.65 479.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 392.53 479.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 428.08 479.05 Td (those ) Tj ET Q q 0 0 0 rg BT 451.42 479.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 484.75 479.05 Td (and ) Tj ET Q q 0 0 0 rg BT 501.41 479.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 547.50 479.05 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.81 467.05 Td (pertain ) Tj ET Q q 0 0 0 rg BT 94.22 467.05 Td (to ) Tj ET Q q 0 0 0 rg BT 104.65 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 119.51 467.05 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 172.69 467.05 Td (of ) Tj ET Q q 0 0 0 rg BT 183.66 467.05 Td (records ) Tj ET Q q 0 0 0 rg BT 215.74 467.05 Td (that, ) Tj ET Q q 0 0 0 rg BT 235.88 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 246.31 467.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 291.71 467.05 Td (detail, ) Tj ET Q q 0 0 0 rg BT 319.07 467.05 Td (accurately ) Tj ET Q q 0 0 0 rg BT 362.80 467.05 Td (and ) Tj ET Q q 0 0 0 rg BT 379.89 467.05 Td (fairly ) Tj ET Q q 0 0 0 rg BT 404.19 467.05 Td (reflect ) Tj ET Q q 0 0 0 rg BT 432.37 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 447.23 467.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 497.65 467.05 Td (and ) Tj ET Q q 0 0 0 rg BT 514.73 467.05 Td (dispositions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.46 455.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 101.50 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 112.54 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 127.47 455.05 Td (company; ) Tj ET Q q 0 0 0 rg BT 169.61 455.05 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 183.98 455.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 217.24 455.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 262.70 455.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 304.28 455.05 Td (that ) Tj ET Q q 0 0 0 rg BT 321.98 455.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 372.45 455.05 Td (are ) Tj ET Q q 0 0 0 rg BT 387.37 455.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 425.05 455.05 Td (as ) Tj ET Q q 0 0 0 rg BT 436.09 455.05 Td (necessary ) Tj ET Q q 0 0 0 rg BT 477.67 455.05 Td (to ) Tj ET Q q 0 0 0 rg BT 488.16 455.05 Td (permit ) Tj ET Q q 0 0 0 rg BT 516.97 455.05 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 443.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.36 443.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 144.84 443.05 Td (in ) Tj ET Q q 0 0 0 rg BT 155.90 443.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 204.13 443.05 Td (with ) Tj ET Q q 0 0 0 rg BT 225.18 443.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 265.66 443.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 303.90 443.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 351.05 443.05 Td (principles, ) Tj ET Q q 0 0 0 rg BT 396.26 443.05 Td (and ) Tj ET Q q 0 0 0 rg BT 413.97 443.05 Td (that ) Tj ET Q q 0 0 0 rg BT 432.24 443.05 Td (receipts ) Tj ET Q q 0 0 0 rg BT 466.61 443.05 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 443.05 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 538.69 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 443.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.05 Td (company ) Tj ET Q q 0 0 0 rg BT 88.93 431.05 Td (are ) Tj ET Q q 0 0 0 rg BT 103.90 431.05 Td (being ) Tj ET Q q 0 0 0 rg BT 128.89 431.05 Td (made ) Tj ET Q q 0 0 0 rg BT 153.31 431.05 Td (only ) Tj ET Q q 0 0 0 rg BT 173.86 431.05 Td (in ) Tj ET Q q 0 0 0 rg BT 184.41 431.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 232.14 431.05 Td (with ) Tj ET Q q 0 0 0 rg BT 252.69 431.05 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 312.11 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 323.21 431.05 Td (management ) Tj ET Q q 0 0 0 rg BT 377.07 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 394.28 431.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 432.03 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 443.13 431.05 Td (the ) Tj ET Q q 0 0 0 rg BT 458.12 431.05 Td (company; ) Tj ET Q q 0 0 0 rg BT 500.32 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 517.53 431.05 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 531.96 431.05 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.98 419.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 136.58 419.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 177.62 419.05 Td (prevention ) Tj ET Q q 0 0 0 rg BT 223.11 419.05 Td (or ) Tj ET Q q 0 0 0 rg BT 234.17 419.05 Td (timely ) Tj ET Q q 0 0 0 rg BT 262.45 419.05 Td (detection ) Tj ET Q q 0 0 0 rg BT 301.83 419.05 Td (of ) Tj ET Q q 0 0 0 rg BT 312.89 419.05 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 367.82 419.05 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 416.93 419.05 Td (use, ) Tj ET Q q 0 0 0 rg BT 435.49 419.05 Td (or ) Tj ET Q q 0 0 0 rg BT 446.55 419.05 Td (disposition ) Tj ET Q q 0 0 0 rg BT 493.17 419.05 Td (of ) Tj ET Q q 0 0 0 rg BT 504.23 419.05 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 419.05 Td (company) Tj ET Q q 0 0 0 rg BT 558.61 419.05 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 407.05 Td (that ) Tj ET Q q 0 0 0 rg BT 92.83 407.05 Td (could ) Tj ET Q q 0 0 0 rg BT 117.54 407.05 Td (have ) Tj ET Q q 0 0 0 rg BT 138.92 407.05 Td (a ) Tj ET Q q 0 0 0 rg BT 145.86 407.05 Td (material ) Tj ET Q q 0 0 0 rg BT 181.12 407.05 Td (ef) Tj ET Q q 0 0 0 rg BT 188.70 407.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.19 407.05 Td (on ) Tj ET Q q 0 0 0 rg BT 218.69 407.05 Td (the ) Tj ET Q q 0 0 0 rg BT 233.41 407.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.89 407.05 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 386.05 Td (Because ) Tj ET Q q 0 0 0 rg BT 109.28 386.05 Td (of ) Tj ET Q q 0 0 0 rg BT 120.07 386.05 Td (its ) Tj ET Q q 0 0 0 rg BT 131.98 386.05 Td (inherent ) Tj ET Q q 0 0 0 rg BT 167.21 386.05 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 214.95 386.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 247.96 386.05 Td (control ) Tj ET Q q 0 0 0 rg BT 278.75 386.05 Td (over ) Tj ET Q q 0 0 0 rg BT 298.98 386.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.42 386.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 375.54 386.05 Td (may ) Tj ET Q q 0 0 0 rg BT 395.22 386.05 Td (not ) Tj ET Q q 0 0 0 rg BT 410.46 386.05 Td (prevent ) Tj ET Q q 0 0 0 rg BT 442.91 386.05 Td (or ) Tj ET Q q 0 0 0 rg BT 453.71 386.05 Td (detect ) Tj ET Q q 0 0 0 rg BT 480.04 386.05 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 541.12 386.05 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.05 Td (projections ) Tj ET Q q 0 0 0 rg BT 95.87 374.05 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 374.05 Td (any ) Tj ET Q q 0 0 0 rg BT 122.50 374.05 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.08 374.05 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 374.05 Td (ef) Tj ET Q q 0 0 0 rg BT 183.93 374.05 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.29 374.05 Td (to ) Tj ET Q q 0 0 0 rg BT 240.00 374.05 Td (future ) Tj ET Q q 0 0 0 rg BT 265.81 374.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.18 374.05 Td (are ) Tj ET Q q 0 0 0 rg BT 311.32 374.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.58 374.05 Td (to ) Tj ET Q q 0 0 0 rg BT 351.29 374.05 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 374.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.37 374.05 Td (that ) Tj ET Q q 0 0 0 rg BT 399.30 374.05 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.45 374.05 Td (may ) Tj ET Q q 0 0 0 rg BT 452.60 374.05 Td (become ) Tj ET Q q 0 0 0 rg BT 485.63 374.05 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.87 374.05 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 362.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.04 362.05 Td (in ) Tj ET Q q 0 0 0 rg BT 105.32 362.05 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 151.98 362.05 Td (or ) Tj ET Q q 0 0 0 rg BT 162.81 362.05 Td (that ) Tj ET Q q 0 0 0 rg BT 180.31 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.02 362.05 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.17 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 235.00 362.05 Td (compliance ) Tj ET Q q 0 0 0 rg BT 283.59 362.05 Td (with ) Tj ET Q q 0 0 0 rg BT 303.87 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 318.58 362.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.19 362.05 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 362.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.38 362.05 Td (may ) Tj ET Q q 0 0 0 rg BT 429.10 362.05 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 341.05 Td (In ) Tj ET Q q 0 0 0 rg BT 84.85 341.05 Td (our ) Tj ET Q q 0 0 0 rg BT 101.20 341.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 137.27 341.05 Td (the ) Tj ET Q q 0 0 0 rg BT 152.50 341.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.41 341.05 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 244.35 341.05 Td (in ) Tj ET Q q 0 0 0 rg BT 255.15 341.05 Td (all ) Tj ET Q q 0 0 0 rg BT 268.16 341.05 Td (material ) Tj ET Q q 0 0 0 rg BT 303.94 341.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 341.66 341.05 Td (ef) Tj ET Q q 0 0 0 rg BT 349.25 341.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 379.47 341.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 413.03 341.05 Td (control ) Tj ET Q q 0 0 0 rg BT 444.37 341.05 Td (over ) Tj ET Q q 0 0 0 rg BT 465.16 341.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 503.16 341.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.83 341.05 Td (as ) Tj ET Q q 0 0 0 rg BT 554.18 341.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 329.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 329.05 Td (, ) Tj ET Q q 0 0 0 rg BT 133.08 329.05 Td (based ) Tj ET Q q 0 0 0 rg BT 158.35 329.05 Td (on ) Tj ET Q q 0 0 0 rg BT 170.85 329.05 Td (criteria ) Tj ET Q q 0 0 0 rg BT 201.66 329.05 Td (established ) Tj ET Q q 0 0 0 rg BT 248.60 329.05 Td (in ) Tj ET Q q 0 0 0 rg BT 258.88 329.05 Td (the ) Tj ET Q q 0 0 0 rg BT 273.59 329.05 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.59 329.05 Td ( ) Tj ET Q q 0 0 0 rg BT 296.09 329.05 Td (Internal ) Tj ET Q q 0 0 0 rg BT 330.81 329.05 Td (Contr) Tj ET Q q 0 0 0 rg BT 353.78 329.05 Td (ol ) Tj ET Q q 0 0 0 rg BT 364.06 329.05 Td (- ) Tj ET Q q 0 0 0 rg BT 369.89 329.05 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 414.04 329.05 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.70 329.05 Td ( ) Tj ET Q q 0 0 0 rg BT 463.20 329.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 490.70 329.05 Td (by ) Tj ET Q q 0 0 0 rg BT 503.20 329.05 Td (COSO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 308.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 308.05 Td (e ) Tj ET Q q 0 0 0 rg BT 88.53 308.05 Td (also ) Tj ET Q q 0 0 0 rg BT 106.59 308.05 Td (have ) Tj ET Q q 0 0 0 rg BT 127.41 308.05 Td (audited, ) Tj ET Q q 0 0 0 rg BT 161.30 308.05 Td (in ) Tj ET Q q 0 0 0 rg BT 171.03 308.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.94 308.05 Td (with ) Tj ET Q q 0 0 0 rg BT 237.67 308.05 Td (the ) Tj ET Q q 0 0 0 rg BT 251.83 308.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 291.55 308.05 Td (of ) Tj ET Q q 0 0 0 rg BT 301.83 308.05 Td (the ) Tj ET Q q 0 0 0 rg BT 316.00 308.05 Td (Public ) Tj ET Q q 0 0 0 rg BT 343.51 308.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.92 308.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 432.52 308.05 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 473.91 308.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 500.30 308.05 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.80 308.05 Td (States\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.05 Td (the ) Tj ET Q q 0 0 0 rg BT 65.17 296.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 119.17 296.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.61 296.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 203.28 296.05 Td (of ) Tj ET Q q 0 0 0 rg BT 215.07 296.05 Td (the ) Tj ET Q q 0 0 0 rg BT 230.74 296.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.08 296.05 Td (as ) Tj ET Q q 0 0 0 rg BT 284.87 296.05 Td (of ) Tj ET Q q 0 0 0 rg BT 296.66 296.05 Td (and ) Tj ET Q q 0 0 0 rg BT 314.55 296.05 Td (for ) Tj ET Q q 0 0 0 rg BT 329.67 296.05 Td (the ) Tj ET Q q 0 0 0 rg BT 345.34 296.05 Td (year ) Tj ET Q q 0 0 0 rg BT 366.01 296.05 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.34 296.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 452.88 296.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.88 296.05 Td (, ) Tj ET Q q 0 0 0 rg BT 478.84 296.05 Td (and ) Tj ET Q q 0 0 0 rg BT 496.74 296.05 Td (our ) Tj ET Q q 0 0 0 rg BT 513.52 296.05 Td (report ) Tj ET Q q 0 0 0 rg BT 540.86 296.05 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.05 Td (March2, ) Tj ET Q q 0 0 0 rg BT 88.10 284.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.10 284.05 Td ( ) Tj ET Q q 0 0 0 rg BT 110.60 284.05 Td (expressed ) Tj ET Q q 0 0 0 rg BT 152.53 284.05 Td (an ) Tj ET Q q 0 0 0 rg BT 164.47 284.05 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 212.51 284.05 Td (opinion ) Tj ET Q q 0 0 0 rg BT 245.56 284.05 Td (on ) Tj ET Q q 0 0 0 rg BT 258.06 284.05 Td (those ) Tj ET Q q 0 0 0 rg BT 281.67 284.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.15 284.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 363.87 284.05 Td (and ) Tj ET Q q 0 0 0 rg BT 380.80 284.05 Td (schedule.) 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190.07 Td (Total stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 189.17 Td (252,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 189.17 Td (207,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 175.07 Td (Total liabilities and stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 174.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 174.17 Td (290,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 174.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 174.17 Td (229,603) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.00 151.40 Td (See accompanying notes to these consolidated financial statements.) 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 301.5 m 506 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 299.5 m 506 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 315.5 m 563 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 301.5 m 563 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 299.5 m 563 299.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.85 737.18 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.75 723.18 Td (CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.50 709.18 Td (\(in thousands, except share and per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 689.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 688.73 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 674.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 673.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 673.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 673.73 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 660.07 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 659.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 659.17 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 659.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 659.17 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 659.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 659.17 Td (101,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 645.07 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 644.17 Td (46,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 644.17 Td (32,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 644.17 Td (23,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 630.07 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 629.17 Td (115,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 629.17 Td (95,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 629.17 Td (78,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.07 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 600.07 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 599.17 Td (26,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 599.17 Td (21,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 599.17 Td (17,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 585.07 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 584.17 Td (28,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 584.17 Td (24,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 584.17 Td (18,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 570.07 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 569.17 Td (39,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 569.17 Td (30,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 569.17 Td (21,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 555.07 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 554.17 Td (94,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 554.17 Td (76,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 554.17 Td (57,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 540.07 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 539.17 Td (21,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 539.17 Td (18,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 539.17 Td (21,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 525.07 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 524.17 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 524.17 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 524.22 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 524.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 510.07 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 509.17 Td (21,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 509.17 Td (19,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 509.17 Td (21,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.07 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 494.17 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 494.17 Td (6,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 494.17 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 480.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 479.17 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 479.17 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 479.17 Td (19,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 465.07 Td (Net income per share of common stock:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 450.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 449.17 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 449.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 449.17 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 435.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 434.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 434.17 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 434.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 420.07 Td (Weighted average common shares used in computing net income per share of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 410.07 Td (common stock:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 395.07 Td (Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.60 393.96 Td (27,858,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.60 393.96 Td (26,581,962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.60 393.96 Td (23,523,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 380.07 Td (Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.60 378.96 Td (29,593,873) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.60 378.96 Td (28,502,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.60 378.96 Td (25,537,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 351.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 350.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 350.17 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 350.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 350.17 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 350.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 350.17 Td (19,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 336.07 Td (Other comprehensive income \(loss\), net of taxes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 321.07 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 320.22 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 320.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 320.17 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 320.22 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 320.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 306.07 Td (Comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 305.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 305.17 Td (14,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 305.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 305.17 Td (13,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 305.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 305.17 Td (19,399) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.00 291.40 Td (See accompanying notes to these consolidated financial statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.90 543.85 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 307.72 543.85 Td (TED ST) Tj ET Q q 0 0 0 rg BT 342.27 543.85 Td (A) Tj ET Q q 0 0 0 rg BT 348.75 543.85 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 413.67 543.85 Td ( ST) Tj ET Q q 0 0 0 rg BT 428.22 543.85 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 502.49 543.85 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.05 531.85 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 428.00 531.85 Td (e amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 469.35 277.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 469.35 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 469.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 469.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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1 rg /GS0 gs 474.00 209.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.00 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 542.00 209.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 606.00 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 610.00 209.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 674.00 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 678.00 209.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 183.35 277.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 183.35 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 183.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 183.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 183.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 183.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.00 183.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 542.00 183.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 606.00 183.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 610.00 183.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 674.00 183.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 678.00 183.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 157.35 277.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 157.35 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 157.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 157.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 157.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 157.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.00 157.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 542.00 157.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 606.00 157.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 610.00 157.35 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 674.00 157.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 678.00 157.35 64.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 482.35 m 402 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 482.35 m 470 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 469.35 m 402 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 469.35 m 470 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 469.35 m 538 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 469.35 m 606 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 606 469.35 m 610 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 469.35 m 674 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 469.35 m 742 469.35 l 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0 i [] 0 d 0 J 0 j 3 M 678 365.35 m 742 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 365.35 m 402 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 365.35 m 470 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 365.35 m 538 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 365.35 m 606 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 606 365.35 m 610 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 365.35 m 674 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 365.35 m 742 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 261.35 m 402 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 261.35 m 470 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 261.35 m 538 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 261.35 m 606 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 606 261.35 m 610 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 261.35 m 674 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 261.35 m 742 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 261.35 m 402 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 261.35 m 470 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 261.35 m 538 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 261.35 m 606 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 606 261.35 m 610 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 261.35 m 674 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 261.35 m 742 261.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 157.35000000000002 m 402 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 157.35000000000002 m 470 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 157.35000000000002 m 538 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 157.35000000000002 m 606 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 606 157.35000000000002 m 610 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 157.35000000000002 m 674 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 157.35000000000002 m 742 157.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 145.35000000000002 m 402 145.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 143.35000000000002 m 402 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 145.35000000000002 m 470 145.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 143.35000000000002 m 470 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 145.35000000000002 m 538 145.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 143.35000000000002 m 538 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 145.35000000000002 m 606 145.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 542 143.35000000000002 m 606 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 145.35000000000002 m 674 145.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 610 143.35000000000002 m 674 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 145.35000000000002 m 742 145.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 678 143.35000000000002 m 742 143.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 512.58 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 499.58 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 563.35 499.58 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 699.80 499.58 Td ( Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.15 486.58 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.05 486.58 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.90 486.58 Td (Comprehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 618.80 486.58 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 686.15 486.58 Td (Stockholders') Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.00 473.58 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.45 473.58 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 473.58 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 565.70 473.58 Td (Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 630.15 473.58 Td (Deficit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 697.90 473.58 Td (Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 460.60 Td (Balances, December 31, 2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 460.60 Td (21,019,590) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 460.60 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 460.60 Td (116,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 460.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 646.10 460.65 Td (\(37,156) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 670.80 460.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 460.60 Td (78,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 447.60 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 447.60 Td (1,447,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 447.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 447.60 Td (3,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 447.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 447.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 447.60 Td (3,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 434.60 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 434.60 Td (126,242) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 434.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.80 434.60 Td (742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 434.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 434.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 726.80 434.60 Td (742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 421.60 Td (Issuance of common stock in connection with public offering, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 421.60 Td (3,465,245) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 421.60 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.80 421.60 Td (55,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 421.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 421.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 421.60 Td (55,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 408.60 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 408.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 408.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 408.60 Td (6,849) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 408.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 408.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 408.60 Td (6,849) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 395.60 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 395.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 395.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 395.60 Td (1,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 395.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 395.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 395.60 Td (1,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 382.60 Td (Unrealized losses on investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 382.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 382.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 382.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 592.10 382.65 Td (\(65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 602.80 382.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 382.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.10 382.65 Td (\(65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 738.80 382.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 369.60 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 369.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 369.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 369.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 369.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 648.80 369.60 Td (19,464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 369.60 Td (19,464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 356.60 Td (Balances, December 31, 2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 356.60 Td (26,058,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 356.60 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 356.60 Td (184,616) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 592.10 356.65 Td (\(65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 602.80 356.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 646.10 356.65 Td (\(17,692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 670.80 356.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 712.80 356.60 Td (166,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 343.60 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 343.60 Td (1,462,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 343.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 343.60 Td (4,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 343.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 343.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 343.60 Td (4,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 330.60 Td (Shares withheld for employee taxes related to vested restricted stock units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.10 330.60 Td (\(6,344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 330.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 330.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.10 330.60 Td (\(174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.80 330.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 330.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 330.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 724.10 330.65 Td (\(174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 738.80 330.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 317.60 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 317.60 Td (109,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 317.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 317.60 Td (1,922) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 317.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 317.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 317.60 Td (1,922) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 304.60 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 304.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 304.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.80 304.60 Td (14,390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 304.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 304.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 304.60 Td (14,390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 291.60 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 291.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 291.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 291.60 Td (6,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 291.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 291.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 291.60 Td (6,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 278.60 Td (Unrealized gains on investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 278.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 278.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 278.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 278.60 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 278.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 730.80 278.60 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 265.60 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 265.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 265.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 265.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 265.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 648.80 265.60 Td (13,318) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 265.60 Td (13,318) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 252.60 Td (Balances, December 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 252.60 Td (27,624,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 252.60 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 252.60 Td (212,332) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 592.10 252.65 Td (\(34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 602.80 252.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 650.10 252.65 Td (\(4,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 670.80 252.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 712.80 252.60 Td (207,927) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 239.60 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 239.60 Td (1,210,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 239.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 239.60 Td (7,537) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 239.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 239.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 239.60 Td (7,537) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 226.60 Td (Shares withheld for employee taxes related to vested restricted stock units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.10 226.60 Td (\(29,424) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 226.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 226.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.10 226.60 Td (\(902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.80 226.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 226.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 226.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 724.10 226.65 Td (\(902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 738.80 226.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 213.60 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 213.60 Td (102,111) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 213.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 213.60 Td (2,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 213.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 213.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 213.60 Td (2,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 200.60 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 200.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 200.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.80 200.60 Td (15,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 200.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 200.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 200.60 Td (15,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 187.60 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 187.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 187.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 187.60 Td (5,852) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 187.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 187.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 720.80 187.60 Td (5,852) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 174.60 Td (Unrealized losses on investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 174.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 174.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 174.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 592.10 174.65 Td (\(61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 602.80 174.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 662.80 174.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.10 174.65 Td (\(61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 738.80 174.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 161.60 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.80 161.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 161.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 161.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 594.80 161.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 648.80 161.60 Td (14,823) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 716.80 161.60 Td (14,823) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 148.60 Td (Balances, December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 148.60 Td (28,907,147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.50 148.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 148.60 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.50 148.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 148.60 Td (242,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.50 148.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 592.10 148.65 Td (\(95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 602.80 148.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 612.50 148.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 648.80 148.60 Td (10,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.50 148.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 712.80 148.60 Td (252,884) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.00 126.25 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.85 749.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 737.25 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 725.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 662.75 345.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 662.75 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 662.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 662.75 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 662.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 662.75 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 627.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 627.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 627.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 627.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 627.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 627.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 601.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 601.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 601.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 601.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 601.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 601.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 575.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 575.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 575.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 575.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 575.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 575.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 549.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 549.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 549.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 549.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 523.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 523.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 523.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 523.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 497.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 497.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 497.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 497.75 53.00 -13.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 504.50 263.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 263.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 237.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 237.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 237.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 237.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 237.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 237.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 211.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 211.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 211.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 211.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 211.75 4.00 -13.00 re f /GS0 gs 0.8 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 701.75 m 451.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 701.75 m 504.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 701.75 m 508.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 701.75 m 447.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 688.75 m 447.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 701.75 m 451.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 701.75 m 504.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 688.75 m 504.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 701.75 m 508.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 688.75 m 561.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 419.75 m 447.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 419.75 m 504.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 419.75 m 561.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 406.75 m 447.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 406.75 m 504.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 406.75 m 561.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 328.75 m 447.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 328.75 m 504.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 315.75 m 447.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 315.75 m 504.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 224.75 m 447.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 224.75 m 504.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 224.75 m 561.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 211.75 m 447.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 211.75 m 504.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 211.75 m 561.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 211.75 m 447.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 211.75 m 504.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 211.75 m 561.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 185.75 m 447.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 185.75 m 504.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 185.75 m 561.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 173.75 m 447.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 171.75 m 447.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 173.75 m 504.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 171.75 m 504.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 173.75 m 561.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 171.75 m 561.5 171.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 705.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.10 705.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 692.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.50 692.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.50 692.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 692.98 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 679.32 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 666.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 666.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 666.32 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 666.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 666.32 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 666.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 666.32 Td (19,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 653.32 Td (Adjustments to reconcile net income to net cash provided by operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 643.37 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 631.32 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 631.32 Td (5,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 631.32 Td (4,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 631.32 Td (3,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 618.32 Td (Provision for uncollectible accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 618.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 618.32 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 618.32 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 605.32 Td (Amortization of intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 605.32 Td (2,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 605.32 Td (1,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 605.32 Td (1,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 592.32 Td (Impairment loss on intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 592.32 Td (1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 592.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 592.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 579.32 Td (Amortization of discount related to acquisition holdback) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 579.32 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 579.32 Td (106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 579.32 Td (186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 566.32 Td (Amortization of investment premium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 566.32 Td (1,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 566.32 Td (1,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 566.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 553.32 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 553.32 Td (14,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 553.32 Td (14,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 553.32 Td (6,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 540.32 Td (Write-off of internal-use software costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 540.32 Td (693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 540.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 540.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 527.32 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 527.37 Td (\(5,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 527.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 527.37 Td (\(6,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 527.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 527.37 Td (\(1,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 527.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 514.32 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 514.32 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 514.37 Td (\(4,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 514.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 514.37 Td (\(559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 514.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 501.32 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 488.32 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 488.37 Td (\(8,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 488.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 488.37 Td (\(2,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 488.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 488.37 Td (\(3,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 488.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 475.32 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 475.37 Td (\(4,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 475.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 475.32 Td (4,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 475.37 Td (\(1,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 475.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 462.32 Td (Deposits and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 462.37 Td (\(1,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 462.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 462.37 Td (\(1,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 462.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 462.32 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 449.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 449.32 Td (2,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 449.32 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 449.32 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 436.32 Td (Accrued, other current and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 436.32 Td (13,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 436.32 Td (3,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 436.32 Td (2,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 423.32 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 423.32 Td (2,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 423.37 Td (\(127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 423.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 423.32 Td (334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 410.48 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 410.32 Td (40,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 410.32 Td (28,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 410.32 Td (27,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.32 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 384.32 Td (Acquisition of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 384.37 Td (\(19,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 384.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 384.37 Td (\(6,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 384.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 384.37 Td (\(8,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 384.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 371.32 Td (Purchases of investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 371.37 Td (\(64,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 371.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.80 371.37 Td (\(101,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 371.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 371.37 Td (\(65,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 371.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 358.32 Td (Maturities of investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 358.32 Td (57,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 358.32 Td (56,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 358.32 Td (7,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 345.32 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 345.37 Td (\(34,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 345.37 Td (\(3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 345.37 Td (\(2,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 332.32 Td (Other investing activities, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 332.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 332.32 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 332.32 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 319.48 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 319.37 Td (\(61,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 319.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 319.37 Td (\(52,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 319.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 319.37 Td (\(69,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 319.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 306.32 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 293.32 Td (Proceeds from public offerings, net of commissions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 293.32 Td (55,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 280.32 Td (Offering costs paid during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 280.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 280.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 280.37 Td (\(433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 280.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 267.32 Td (Payment of capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 267.37 Td (\(1,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 267.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 267.37 Td (\(624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 267.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 267.37 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 267.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 254.32 Td (Proceeds from issuance of common stock under employee stock plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 254.32 Td (10,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 254.32 Td (6,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 254.32 Td (4,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 241.32 Td (Tax payments related to shares withheld for vested restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.30 241.37 Td (\(902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 241.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 241.37 Td (\(174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 241.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 241.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 228.32 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 228.32 Td (5,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 228.32 Td (6,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 228.32 Td (1,967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 215.48 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 215.32 Td (13,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 215.32 Td (12,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 215.32 Td (61,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 202.32 Td (NET INCREASE \(DECREASE\) IN CASH AND CASH EQUIVALENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 202.37 Td (\(6,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 202.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 202.37 Td (\(10,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 202.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 202.32 Td (20,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 189.32 Td (CASH AND CASH EQUIVALENTS, Beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 189.32 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 189.32 Td (44,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 189.32 Td (23,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 176.32 Td (CASH AND CASH EQUIVALENTS, End of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 176.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 176.32 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 176.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 176.32 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 176.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 176.32 Td (44,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 163.32 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 150.32 Td (Cash paid for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 150.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 150.32 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 150.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 150.32 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 150.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 150.32 Td (356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 137.32 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 137.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 137.32 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 137.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 137.32 Td (4,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 137.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 137.32 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 124.32 Td (Supplemental disclosure of non-cash investing and financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 111.32 Td (Fixed asset purchases not yet paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 111.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 111.32 Td (921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 111.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 111.32 Td (884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 111.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 111.32 Td (186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 98.32 Td (Stock-based compensation capitalized to property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 98.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 98.32 Td (534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 98.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 98.32 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 98.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 98.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 85.32 Td (Acquisition of property and equipment under capital leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 85.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 85.32 Td (1,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 85.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 85.32 Td (1,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 85.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 85.32 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.00 63.65 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.85 740.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 728.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 728.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 728.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 728.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 728.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 728.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 728.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.95 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 701.95 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 701.95 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 701.95 Td (Description ) Tj ET Q q 0 0 0 rg BT 147.28 701.95 Td (of ) Tj ET Q q 0 0 0 rg BT 158.11 701.95 Td (Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.79 701.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 684.95 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 92.93 684.95 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 114.76 684.95 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 131.58 684.95 Td (\(the ) Tj ET Q q 0 0 0 rg BT 148.68 684.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 197.99 684.95 Td (or ) Tj ET Q q 0 0 0 rg BT 207.88 684.95 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 232.75 684.95 Td (Mae\) ) Tj ET Q q 0 0 0 rg BT 259.84 684.95 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.06 684.95 Td (a ) Tj ET Q q 0 0 0 rg BT 274.05 684.95 Td (leading ) Tj ET Q q 0 0 0 rg BT 305.04 684.95 Td (provider ) Tj ET Q q 0 0 0 rg BT 340.47 684.95 Td (of ) Tj ET Q q 0 0 0 rg BT 350.35 684.95 Td (innovative ) Tj ET Q q 0 0 0 rg BT 394.12 684.95 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 440.65 684.95 Td (software ) Tj ET Q q 0 0 0 rg BT 476.64 684.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 514.31 684.95 Td (and ) Tj ET Q q 0 0 0 rg BT 530.30 684.95 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.95 Td (for ) Tj ET Q q 0 0 0 rg BT 63.13 672.95 Td (the ) Tj ET Q q 0 0 0 rg BT 77.31 672.95 Td (residential ) Tj ET Q q 0 0 0 rg BT 120.93 672.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 160.66 672.95 Td (industry ) Tj ET Q q 0 0 0 rg BT 195.41 672.95 Td (in ) Tj ET Q q 0 0 0 rg BT 205.15 672.95 Td (the ) Tj ET Q q 0 0 0 rg BT 219.34 672.95 Td (United ) Tj ET Q q 0 0 0 rg BT 248.52 672.95 Td (States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.41 672.95 Td (.Its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.88 672.95 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 337.16 672.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 384.68 672.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 424.41 672.95 Td (management ) Tj ET Q q 0 0 0 rg BT 477.46 672.95 Td (solution ) Tj ET Q q 0 0 0 rg BT 511.66 672.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 548.06 672.95 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.95 Td (system ) Tj ET Q q 0 0 0 rg BT 79.49 660.95 Td (of ) Tj ET Q q 0 0 0 rg BT 90.03 660.95 Td (record ) Tj ET Q q 0 0 0 rg BT 117.78 660.95 Td (that ) Tj ET Q q 0 0 0 rg BT 134.99 660.95 Td (allows ) Tj ET Q q 0 0 0 rg BT 163.31 660.95 Td (banks, ) Tj ET Q q 0 0 0 rg BT 191.35 660.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.33 660.95 Td (unions ) Tj ET Q q 0 0 0 rg BT 245.21 660.95 Td (and ) Tj ET Q q 0 0 0 rg BT 261.86 660.95 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 301.83 660.95 Td (lenders ) Tj ET Q q 0 0 0 rg BT 332.92 660.95 Td (to ) Tj ET Q q 0 0 0 rg BT 342.91 660.95 Td (originate ) Tj ET Q q 0 0 0 rg BT 380.67 660.95 Td (and ) Tj ET Q q 0 0 0 rg BT 397.32 660.95 Td (fund ) Tj ET Q q 0 0 0 rg BT 417.86 660.95 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 461.73 660.95 Td (and ) Tj ET Q q 0 0 0 rg BT 478.38 660.95 Td (improve ) Tj ET Q q 0 0 0 rg BT 513.91 660.95 Td (compliance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.22 648.95 Td (quality ) Tj ET Q q 0 0 0 rg BT 99.49 648.95 Td (and ) Tj ET Q q 0 0 0 rg BT 116.43 648.95 Td (ef) Tj ET Q q 0 0 0 rg BT 124.02 648.95 Td (ficiency) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.57 648.95 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 622.65 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 622.65 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 622.65 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 622.65 Td (Basis ) Tj ET Q q 0 0 0 rg BT 120.07 622.65 Td (of ) Tj ET Q q 0 0 0 rg BT 130.90 622.65 Td (Pr) Tj ET Q q 0 0 0 rg BT 141.27 622.65 Td (esentation ) Tj ET Q q 0 0 0 rg BT 187.10 622.65 Td (and ) Tj ET Q q 0 0 0 rg BT 205.72 622.65 Td (Significant ) Tj ET Q q 0 0 0 rg BT 253.79 622.65 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 305.18 622.65 Td (Policies) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 596.35 Td (Principles ) Tj ET Q q 0 0 0 rg BT 105.67 596.35 Td (of ) Tj ET Q q 0 0 0 rg BT 116.50 596.35 Td (Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 579.35 Td (The ) Tj ET Q q 0 0 0 rg BT 90.74 579.35 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.97 579.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.64 579.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.54 579.35 Td (include ) Tj ET Q q 0 0 0 rg BT 254.66 579.35 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 579.35 Td (accounts ) Tj ET Q q 0 0 0 rg BT 305.24 579.35 Td (of ) Tj ET Q q 0 0 0 rg BT 315.26 579.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 335.83 579.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 355.29 579.35 Td (and ) Tj ET Q q 0 0 0 rg BT 371.42 579.35 Td (its ) Tj ET Q q 0 0 0 rg BT 382.56 579.35 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 442.02 579.35 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 493.05 579.35 Td (All ) Tj ET Q q 0 0 0 rg BT 507.52 579.35 Td (intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.35 Td (balances ) Tj ET Q q 0 0 0 rg BT 86.42 567.35 Td (and ) Tj ET Q q 0 0 0 rg BT 103.36 567.35 Td (transactions ) Tj ET Q q 0 0 0 rg BT 153.63 567.35 Td (have ) Tj ET Q q 0 0 0 rg BT 175.00 567.35 Td (been ) Tj ET Q q 0 0 0 rg BT 196.38 567.35 Td (eliminated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 550.35 Td (Certain ) Tj ET Q q 0 0 0 rg BT 104.82 550.35 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 154.47 550.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 193.57 550.35 Td (related ) Tj ET Q q 0 0 0 rg BT 222.65 550.35 Td (to ) Tj ET Q q 0 0 0 rg BT 232.31 550.35 Td (the ) Tj ET Q q 0 0 0 rg BT 246.41 550.35 Td (Company) Tj ET Q q 0 0 0 rg BT 288.08 550.35 Td (s ) Tj ET Q q 0 0 0 rg BT 293.85 550.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 307.95 550.35 Td (provision ) Tj ET Q q 0 0 0 rg BT 347.61 550.35 Td (for ) Tj ET Q q 0 0 0 rg BT 361.15 550.35 Td (the ) Tj ET Q q 0 0 0 rg BT 375.25 550.35 Td (year ) Tj ET Q q 0 0 0 rg BT 394.34 550.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.10 550.35 Td (December ) Tj ET Q q 0 0 0 rg BT 463.07 550.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 477.45 550.35 Td (2013 ) Tj ET Q q 0 0 0 rg BT 499.33 550.35 Td (have ) Tj ET Q q 0 0 0 rg BT 520.09 550.35 Td (been ) Tj ET Q q 0 0 0 rg BT 540.85 550.35 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.35 Td (as ) Tj ET Q q 0 0 0 rg BT 60.53 538.35 Td (further ) Tj ET Q q 0 0 0 rg BT 90.43 538.35 Td (described ) Tj ET Q q 0 0 0 rg BT 131.44 538.35 Td (in ) Tj ET Q q 0 0 0 rg BT 141.92 538.35 Td (Note ) Tj ET Q q 0 0 0 rg BT 164.05 538.35 Td (2, ) Tj ET Q q 0 0 0 rg BT 174.25 538.35 Td (under ) Tj ET Q q 0 0 0 rg BT 199.72 538.35 Td (Correction ) Tj ET Q q 0 0 0 rg BT 249.61 538.35 Td (of ) Tj ET Q q 0 0 0 rg BT 260.64 538.35 Td (Immaterial ) Tj ET Q q 0 0 0 rg BT 307.21 538.35 Td (Errors. ) Tj ET Q q 0 0 0 rg BT 341.83 538.35 Td (In ) Tj ET Q q 0 0 0 rg BT 352.86 538.35 Td (addition, ) Tj ET Q q 0 0 0 rg BT 390.83 538.35 Td (certain ) Tj ET Q q 0 0 0 rg BT 420.73 538.35 Td (amounts ) Tj ET Q q 0 0 0 rg BT 457.31 538.35 Td (in ) Tj ET Q q 0 0 0 rg BT 467.79 538.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 489.92 538.35 Td (periods ) Tj ET Q q 0 0 0 rg BT 522.06 538.35 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 538.35 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.35 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 97.53 526.35 Td (to ) Tj ET Q q 0 0 0 rg BT 107.81 526.35 Td (conform ) Tj ET Q q 0 0 0 rg BT 144.19 526.35 Td (to ) Tj ET Q q 0 0 0 rg BT 154.47 526.35 Td (current ) Tj ET Q q 0 0 0 rg BT 185.28 526.35 Td (period ) Tj ET Q q 0 0 0 rg BT 213.33 526.35 Td (presentation, ) Tj ET Q q 0 0 0 rg BT 267.20 526.35 Td (with ) Tj ET Q q 0 0 0 rg BT 287.48 526.35 Td (no ) Tj ET Q q 0 0 0 rg BT 299.98 526.35 Td (ef) Tj ET Q q 0 0 0 rg BT 307.57 526.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 325.05 526.35 Td (on ) Tj ET Q q 0 0 0 rg BT 337.55 526.35 Td (previously ) Tj ET Q q 0 0 0 rg BT 382.27 526.35 Td (reported ) Tj ET Q q 0 0 0 rg BT 418.08 526.35 Td (net ) Tj ET Q q 0 0 0 rg BT 432.80 526.35 Td (income ) Tj ET Q q 0 0 0 rg BT 464.73 526.35 Td (or ) Tj ET Q q 0 0 0 rg BT 475.56 526.35 Td (stockholders) Tj ET Q q 0 0 0 rg BT 528.70 526.35 Td ( ) Tj ET Q q 0 0 0 rg BT 531.20 526.35 Td (equity) Tj ET Q q 0 0 0 rg BT 555.54 526.35 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 500.05 Td (Applicable ) Tj ET Q q 0 0 0 rg BT 107.51 500.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 157.80 500.05 Td (Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 483.05 Td (Any ) Tj ET Q q 0 0 0 rg BT 94.01 483.05 Td (reference ) Tj ET Q q 0 0 0 rg BT 134.48 483.05 Td (in ) Tj ET Q q 0 0 0 rg BT 145.55 483.05 Td (these ) Tj ET Q q 0 0 0 rg BT 169.38 483.05 Td (notes ) Tj ET Q q 0 0 0 rg BT 193.78 483.05 Td (to ) Tj ET Q q 0 0 0 rg BT 204.84 483.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 249.22 483.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 296.38 483.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 335.76 483.05 Td (is ) Tj ET Q q 0 0 0 rg BT 345.72 483.05 Td (meant ) Tj ET Q q 0 0 0 rg BT 373.44 483.05 Td (to ) Tj ET Q q 0 0 0 rg BT 384.50 483.05 Td (refer ) Tj ET Q q 0 0 0 rg BT 406.66 483.05 Td (to ) Tj ET Q q 0 0 0 rg BT 417.72 483.05 Td (the ) Tj ET Q q 0 0 0 rg BT 433.23 483.05 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 487.05 483.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 483.05 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.52 471.05 Td (principles ) Tj ET Q q 0 0 0 rg BT 139.10 471.05 Td (in ) Tj ET Q q 0 0 0 rg BT 150.03 471.05 Td (the ) Tj ET Q q 0 0 0 rg BT 165.39 471.05 Td (United ) Tj ET Q q 0 0 0 rg BT 195.76 471.05 Td (States ) Tj ET Q q 0 0 0 rg BT 222.79 471.05 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.56 471.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 251.50 471.05 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.72 471.05 Td (\), ) Tj ET Q q 0 0 0 rg BT 292.14 471.05 Td (as ) Tj ET Q q 0 0 0 rg BT 303.62 471.05 Td (found ) Tj ET Q q 0 0 0 rg BT 330.10 471.05 Td (in ) Tj ET Q q 0 0 0 rg BT 341.02 471.05 Td (the ) Tj ET Q q 0 0 0 rg BT 356.39 471.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 396.05 471.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 445.86 471.05 Td (Standards ) Tj ET Q q 0 0 0 rg BT 488.44 471.05 Td (Board) Tj ET Q q 0 0 0 rg BT 515.66 471.05 Td (s ) Tj ET Q q 0 0 0 rg BT 522.70 471.05 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.47 471.05 Td (F) Tj ET Q q 0 0 0 rg BT 535.29 471.05 Td (ASB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.74 471.05 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.66 459.05 Td (Standards ) Tj ET Q q 0 0 0 rg BT 140.59 459.05 Td (Codification ) Tj ET Q q 0 0 0 rg BT 193.08 459.05 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.85 459.05 Td (ASC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.31 459.05 Td (\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 432.75 Td (Use ) Tj ET Q q 0 0 0 rg BT 79.55 432.75 Td (of ) Tj ET Q q 0 0 0 rg BT 90.38 432.75 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 415.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.87 415.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 138.22 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.37 415.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.73 415.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.53 415.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 281.56 415.75 Td (in ) Tj ET Q q 0 0 0 rg BT 291.15 415.75 Td (conformity ) Tj ET Q q 0 0 0 rg BT 337.41 415.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.00 415.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 376.61 415.75 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.46 415.75 Td ( ) Tj ET Q q 0 0 0 rg BT 405.28 415.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 439.31 415.75 Td (management ) Tj ET Q q 0 0 0 rg BT 492.21 415.75 Td (to ) Tj ET Q q 0 0 0 rg BT 501.81 415.75 Td (make ) Tj ET Q q 0 0 0 rg BT 525.28 415.75 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.51 403.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 118.53 403.75 Td (that ) Tj ET Q q 0 0 0 rg BT 136.10 403.75 Td (af) Tj ET Q q 0 0 0 rg BT 143.69 403.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 161.24 403.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.03 403.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 211.92 403.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.38 403.75 Td (of ) Tj ET Q q 0 0 0 rg BT 259.28 403.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.18 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 403.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 341.98 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.00 403.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.11 403.75 Td (of ) Tj ET Q q 0 0 0 rg BT 413.02 403.75 Td (contingent ) Tj ET Q q 0 0 0 rg BT 457.80 403.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 483.70 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 500.71 403.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.50 403.75 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 403.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.75 Td (date ) Tj ET Q q 0 0 0 rg BT 69.40 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 80.97 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 96.43 391.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.65 391.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.11 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 197.79 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.25 391.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 249.80 391.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 286.93 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 298.50 391.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.28 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.96 391.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 394.30 391.75 Td (during ) Tj ET Q q 0 0 0 rg BT 423.66 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 439.11 391.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 479.01 391.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 510.30 391.75 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.75 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 88.18 379.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 126.87 379.75 Td (on ) Tj ET Q q 0 0 0 rg BT 138.35 379.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.26 379.75 Td (regular ) Tj ET Q q 0 0 0 rg BT 174.05 379.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 195.53 379.75 Td (including ) Tj ET Q q 0 0 0 rg BT 234.78 379.75 Td (those ) Tj ET Q q 0 0 0 rg BT 257.37 379.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 289.39 379.75 Td (to ) Tj ET Q q 0 0 0 rg BT 298.64 379.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 331.76 379.75 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 381.28 379.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.98 379.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 436.99 379.75 Td (for ) Tj ET Q q 0 0 0 rg BT 450.12 379.75 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 485.49 379.75 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 524.45 379.75 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 91.63 367.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 119.60 367.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.95 367.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 173.30 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 183.77 367.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 219.21 367.75 Td (income ) Tj ET Q q 0 0 0 rg BT 250.78 367.75 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 275.97 367.75 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 325.31 367.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 382.99 367.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.57 367.75 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 455.57 367.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 469.92 367.75 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 506.21 367.75 Td (among ) Tj ET Q q 0 0 0 rg BT 535.57 367.75 Td (others. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.75 Td (Actual ) Tj ET Q q 0 0 0 rg BT 78.51 355.75 Td (results ) Tj ET Q q 0 0 0 rg BT 106.98 355.75 Td (could ) Tj ET Q q 0 0 0 rg BT 131.55 355.75 Td (dif) Tj ET Q q 0 0 0 rg BT 142.48 355.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 155.94 355.75 Td (from ) Tj ET Q q 0 0 0 rg BT 177.73 355.75 Td (those ) Tj ET Q q 0 0 0 rg BT 201.20 355.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 240.77 355.75 Td (and ) Tj ET Q q 0 0 0 rg BT 257.56 355.75 Td (such ) Tj ET Q q 0 0 0 rg BT 278.25 355.75 Td (dif) Tj ET Q q 0 0 0 rg BT 289.18 355.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 324.84 355.75 Td (may ) Tj ET Q q 0 0 0 rg BT 344.42 355.75 Td (have ) Tj ET Q q 0 0 0 rg BT 365.65 355.75 Td (a ) Tj ET Q q 0 0 0 rg BT 372.45 355.75 Td (material ) Tj ET Q q 0 0 0 rg BT 407.56 355.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 437.13 355.75 Td (on ) Tj ET Q q 0 0 0 rg BT 449.49 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.06 355.75 Td (Company) Tj ET Q q 0 0 0 rg BT 505.73 355.75 Td (s ) Tj ET Q q 0 0 0 rg BT 511.98 355.75 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 343.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.69 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.63 343.75 Td (footnotes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 317.45 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.12 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 103.18 317.45 Td (Cash ) Tj ET Q q 0 0 0 rg BT 126.81 317.45 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 300.45 Td (All ) Tj ET Q q 0 0 0 rg BT 87.61 300.45 Td (highly ) Tj ET Q q 0 0 0 rg BT 114.50 300.45 Td (liquid ) Tj ET Q q 0 0 0 rg BT 139.16 300.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 188.27 300.45 Td (with ) Tj ET Q q 0 0 0 rg BT 207.37 300.45 Td (original ) Tj ET Q q 0 0 0 rg BT 239.81 300.45 Td (maturities ) Tj ET Q q 0 0 0 rg BT 281.13 300.45 Td (of ) Tj ET Q q 0 0 0 rg BT 290.79 300.45 Td (90 ) Tj ET Q q 0 0 0 rg BT 302.12 300.45 Td (days ) Tj ET Q q 0 0 0 rg BT 321.78 300.45 Td (or ) Tj ET Q q 0 0 0 rg BT 331.44 300.45 Td (less ) Tj ET Q q 0 0 0 rg BT 347.77 300.45 Td (are ) Tj ET Q q 0 0 0 rg BT 361.31 300.45 Td (considered ) Tj ET Q q 0 0 0 rg BT 405.96 300.45 Td (to ) Tj ET Q q 0 0 0 rg BT 415.06 300.45 Td (be ) Tj ET Q q 0 0 0 rg BT 425.83 300.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.93 300.45 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 494.31 300.45 Td ( ) Tj ET Q q 0 0 0 rg BT 495.64 300.45 Td (Cash ) Tj ET Q q 0 0 0 rg BT 516.97 300.45 Td (equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.45 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 288.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 101.68 288.45 Td (at ) Tj ET Q q 0 0 0 rg BT 111.40 288.45 Td (cost, ) Tj ET Q q 0 0 0 rg BT 132.51 288.45 Td (which ) Tj ET Q q 0 0 0 rg BT 159.45 288.45 Td (approximates ) Tj ET Q q 0 0 0 rg BT 215.82 288.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 232.20 288.45 Td (value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 262.15 Td (Fair ) Tj ET Q q 0 0 0 rg BT 82.34 262.15 Td (V) Tj ET Q q 0 0 0 rg BT 87.90 262.15 Td (alue ) Tj ET Q q 0 0 0 rg BT 108.18 262.15 Td (of ) Tj ET Q q 0 0 0 rg BT 119.01 262.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 162.08 262.15 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 245.15 Td (The ) Tj ET Q q 0 0 0 rg BT 91.97 245.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.78 245.15 Td (values ) Tj ET Q q 0 0 0 rg BT 137.25 245.15 Td (of ) Tj ET Q q 0 0 0 rg BT 148.51 245.15 Td (the ) Tj ET Q q 0 0 0 rg BT 163.65 245.15 Td (Company) Tj ET Q q 0 0 0 rg BT 205.32 245.15 Td (s ) Tj ET Q q 0 0 0 rg BT 212.14 245.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 232.83 245.15 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 283.80 245.15 Td (accounts ) Tj ET Q q 0 0 0 rg BT 321.72 245.15 Td (receivable ) Tj ET Q q 0 0 0 rg BT 365.72 245.15 Td (and ) Tj ET Q q 0 0 0 rg BT 383.09 245.15 Td (accounts ) Tj ET Q q 0 0 0 rg BT 421.00 245.15 Td (payable ) Tj ET Q q 0 0 0 rg BT 455.02 245.15 Td (approximate ) Tj ET Q q 0 0 0 rg BT 507.93 245.15 Td (their ) Tj ET Q q 0 0 0 rg BT 529.18 245.15 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.15 Td (values ) Tj ET Q q 0 0 0 rg BT 77.63 233.15 Td (due ) Tj ET Q q 0 0 0 rg BT 94.66 233.15 Td (to ) Tj ET Q q 0 0 0 rg BT 105.03 233.15 Td (the ) Tj ET Q q 0 0 0 rg BT 119.83 233.15 Td (short ) Tj ET Q q 0 0 0 rg BT 142.42 233.15 Td (maturities ) Tj ET Q q 0 0 0 rg BT 185.00 233.15 Td (of ) Tj ET Q q 0 0 0 rg BT 195.92 233.15 Td (the ) Tj ET Q q 0 0 0 rg BT 210.72 233.15 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 262.29 233.15 Td (The ) Tj ET Q q 0 0 0 rg BT 280.42 233.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 296.89 233.15 Td (value ) Tj ET Q q 0 0 0 rg BT 321.13 233.15 Td (of ) Tj ET Q q 0 0 0 rg BT 332.05 233.15 Td (the ) Tj ET Q q 0 0 0 rg BT 346.85 233.15 Td (Company) Tj ET Q q 0 0 0 rg BT 388.52 233.15 Td (s ) Tj ET Q q 0 0 0 rg BT 395.00 233.15 Td (capital ) Tj ET Q q 0 0 0 rg BT 424.23 233.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 446.81 233.15 Td (obligations ) Tj ET Q q 0 0 0 rg BT 493.84 233.15 Td (approximates ) Tj ET Q q 0 0 0 rg BT 550.30 233.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.15 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.32 221.15 Td (value ) Tj ET Q q 0 0 0 rg BT 109.47 221.15 Td (due ) Tj ET Q q 0 0 0 rg BT 126.41 221.15 Td (to ) Tj ET Q q 0 0 0 rg BT 136.69 221.15 Td (the ) Tj ET Q q 0 0 0 rg BT 151.40 221.15 Td (terms ) Tj ET Q q 0 0 0 rg BT 176.12 221.15 Td (continuing ) Tj ET Q q 0 0 0 rg BT 221.39 221.15 Td (to ) Tj ET Q q 0 0 0 rg BT 231.67 221.15 Td (approximate ) Tj ET Q q 0 0 0 rg BT 284.15 221.15 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 327.20 221.15 Td (market ) Tj ET Q q 0 0 0 rg BT 357.46 221.15 Td (terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 204.15 Td (All ) Tj ET Q q 0 0 0 rg BT 89.18 204.15 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.51 204.15 Td ( ) Tj ET Q q 0 0 0 rg BT 100.40 204.15 Td (the ) Tj ET Q q 0 0 0 rg BT 115.52 204.15 Td (Company) Tj ET Q q 0 0 0 rg BT 157.18 204.15 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.97 204.15 Td (investments ) Tj ET Q q 0 0 0 rg BT 214.65 204.15 Td (that ) Tj ET Q q 0 0 0 rg BT 232.54 204.15 Td (have ) Tj ET Q q 0 0 0 rg BT 254.31 204.15 Td (maturities ) Tj ET Q q 0 0 0 rg BT 297.20 204.15 Td (of ) Tj ET Q q 0 0 0 rg BT 308.43 204.15 Td (greater ) Tj ET Q q 0 0 0 rg BT 339.08 204.15 Td (than ) Tj ET Q q 0 0 0 rg BT 359.20 204.15 Td (90 ) Tj ET Q q 0 0 0 rg BT 372.09 204.15 Td (days ) Tj ET Q q 0 0 0 rg BT 393.32 204.15 Td (are ) Tj ET Q q 0 0 0 rg BT 408.43 204.15 Td (classified ) Tj ET Q q 0 0 0 rg BT 449.09 204.15 Td (as ) Tj ET Q q 0 0 0 rg BT 460.32 204.15 Td (available-for) Tj ET Q q 0 0 0 rg BT 511.20 204.15 Td (-sale ) Tj ET Q q 0 0 0 rg BT 532.97 204.15 Td (and ) Tj ET Q q 0 0 0 rg BT 550.31 204.15 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.15 Td (carried ) Tj ET Q q 0 0 0 rg BT 79.93 192.15 Td (at ) Tj ET Q q 0 0 0 rg BT 89.82 192.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.38 192.15 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.53 192.15 Td ( ) Tj ET Q q 0 0 0 rg BT 133.01 192.15 Td (The ) Tj ET Q q 0 0 0 rg BT 151.24 192.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.80 192.15 Td (invests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.25 192.15 Td (excess ) Tj ET Q q 0 0 0 rg BT 252.03 192.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.47 192.15 Td (primarily ) Tj ET Q q 0 0 0 rg BT 312.36 192.15 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.14 192.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.81 192.15 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 394.91 192.15 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 460.33 192.15 Td (securities, ) Tj ET Q q 0 0 0 rg BT 503.27 192.15 Td (such ) Tj ET Q q 0 0 0 rg BT 524.28 192.15 Td (as ) Tj ET Q q 0 0 0 rg BT 535.28 192.15 Td (money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.15 Td (market ) Tj ET Q q 0 0 0 rg BT 80.06 180.15 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 120.34 180.15 Td (certificates ) Tj ET Q q 0 0 0 rg BT 166.99 180.15 Td (of ) Tj ET Q q 0 0 0 rg BT 178.12 180.15 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 212.30 180.15 Td (commercial ) Tj ET Q q 0 0 0 rg BT 262.29 180.15 Td (paper) Tj ET Q q 0 0 0 rg BT 284.10 180.15 Td (, ) Tj ET Q q 0 0 0 rg BT 289.40 180.15 Td (corporate ) Tj ET Q q 0 0 0 rg BT 329.94 180.15 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 359.13 180.15 Td (municipal ) Tj ET Q q 0 0 0 rg BT 401.92 180.15 Td (and ) Tj ET Q q 0 0 0 rg BT 419.15 180.15 Td (government ) Tj ET Q q 0 0 0 rg BT 469.71 180.15 Td (agency ) Tj ET Q q 0 0 0 rg BT 500.82 180.15 Td (obligations ) Tj ET Q q 0 0 0 rg BT 548.06 180.15 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.15 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 95.22 168.15 Td (obligations ) Tj ET Q q 0 0 0 rg BT 141.52 168.15 Td (of ) Tj ET Q q 0 0 0 rg BT 151.71 168.15 Td (the ) Tj ET Q q 0 0 0 rg BT 165.78 168.15 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 185.42 168.15 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.18 168.15 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.54 168.15 Td (Fair ) Tj ET Q q 0 0 0 rg BT 255.51 168.15 Td (value ) Tj ET Q q 0 0 0 rg BT 279.02 168.15 Td (is ) Tj ET Q q 0 0 0 rg BT 287.55 168.15 Td (determined ) Tj ET Q q 0 0 0 rg BT 334.38 168.15 Td (based ) Tj ET Q q 0 0 0 rg BT 359.01 168.15 Td (on ) Tj ET Q q 0 0 0 rg BT 370.87 168.15 Td (quoted ) Tj ET Q q 0 0 0 rg BT 399.94 168.15 Td (market ) Tj ET Q q 0 0 0 rg BT 429.56 168.15 Td (rates ) Tj ET Q q 0 0 0 rg BT 450.29 168.15 Td (when ) Tj ET Q q 0 0 0 rg BT 473.81 168.15 Td (observable ) Tj ET Q q 0 0 0 rg BT 518.98 168.15 Td (or ) Tj ET Q q 0 0 0 rg BT 529.17 168.15 Td (utilizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.15 Td (data ) Tj ET Q q 0 0 0 rg BT 69.12 156.15 Td (points ) Tj ET Q q 0 0 0 rg BT 96.53 156.15 Td (that ) Tj ET Q q 0 0 0 rg BT 114.49 156.15 Td (are ) Tj ET Q q 0 0 0 rg BT 129.66 156.15 Td (observable, ) Tj ET Q q 0 0 0 rg BT 178.44 156.15 Td (such ) Tj ET Q q 0 0 0 rg BT 199.73 156.15 Td (as ) Tj ET Q q 0 0 0 rg BT 211.03 156.15 Td (quoted ) Tj ET Q q 0 0 0 rg BT 241.21 156.15 Td (prices, ) Tj ET Q q 0 0 0 rg BT 270.55 156.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.95 156.15 Td (rates ) Tj ET Q q 0 0 0 rg BT 324.79 156.15 Td (and ) Tj ET Q q 0 0 0 rg BT 342.19 156.15 Td (yield ) Tj ET Q q 0 0 0 rg BT 365.15 156.15 Td (curves. ) Tj ET Q q 0 0 0 rg BT 396.50 156.15 Td (The ) Tj ET Q q 0 0 0 rg BT 415.01 156.15 Td (cost ) Tj ET Q q 0 0 0 rg BT 434.08 156.15 Td (of ) Tj ET Q q 0 0 0 rg BT 445.37 156.15 Td (available-for) Tj ET Q q 0 0 0 rg BT 496.25 156.15 Td (-sale ) Tj ET Q q 0 0 0 rg BT 518.09 156.15 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.15 Td (securities ) Tj ET Q q 0 0 0 rg BT 89.87 144.15 Td (sold ) Tj ET Q q 0 0 0 rg BT 109.15 144.15 Td (is ) Tj ET Q q 0 0 0 rg BT 118.43 144.15 Td (based ) Tj ET Q q 0 0 0 rg BT 143.81 144.15 Td (on ) Tj ET Q q 0 0 0 rg BT 156.42 144.15 Td (the ) Tj ET Q q 0 0 0 rg BT 171.24 144.15 Td (specific ) Tj ET Q q 0 0 0 rg BT 204.94 144.15 Td (identification ) Tj ET Q q 0 0 0 rg BT 260.87 144.15 Td (method. ) Tj ET Q q 0 0 0 rg BT 295.97 144.15 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 342.44 144.15 Td (gains ) Tj ET Q q 0 0 0 rg BT 366.16 144.15 Td (and ) Tj ET Q q 0 0 0 rg BT 383.21 144.15 Td (losses ) Tj ET Q q 0 0 0 rg BT 409.71 144.15 Td (are ) Tj ET Q q 0 0 0 rg BT 424.53 144.15 Td (reported ) Tj ET Q q 0 0 0 rg BT 460.45 144.15 Td (in ) Tj ET Q q 0 0 0 rg BT 470.84 144.15 Td (stockholders) Tj ET Q q 0 0 0 rg BT 523.97 144.15 Td ( ) Tj ET Q q 0 0 0 rg BT 526.58 144.15 Td (equity ) Tj ET Q q 0 0 0 rg BT 554.18 144.15 Td (as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 144.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.15 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 102.68 132.15 Td (other ) Tj ET Q q 0 0 0 rg BT 125.87 132.15 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 189.05 132.15 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 227.79 132.15 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.35 132.15 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 132.15 Td (Realized ) Tj ET Q q 0 0 0 rg BT 286.13 132.15 Td (gains ) Tj ET Q q 0 0 0 rg BT 309.89 132.15 Td (and ) Tj ET Q q 0 0 0 rg BT 326.97 132.15 Td (losses ) Tj ET Q q 0 0 0 rg BT 353.51 132.15 Td (are ) Tj ET Q q 0 0 0 rg BT 368.37 132.15 Td (included ) Tj ET Q q 0 0 0 rg BT 405.45 132.15 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.23 132.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.88 132.15 Td (other ) Tj ET Q q 0 0 0 rg BT 439.07 132.15 Td (income ) Tj ET Q q 0 0 0 rg BT 471.15 132.15 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 515.17 132.15 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.38 132.15 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.53 132.15 Td (Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.15 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 120.15 Td (dividends ) Tj ET Q q 0 0 0 rg BT 107.83 120.15 Td (are ) Tj ET Q q 0 0 0 rg BT 122.53 120.15 Td (included ) Tj ET Q q 0 0 0 rg BT 159.47 120.15 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.24 120.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.74 120.15 Td (other ) Tj ET Q q 0 0 0 rg BT 192.79 120.15 Td (income ) Tj ET Q q 0 0 0 rg BT 224.72 120.15 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 268.59 120.15 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.81 120.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.31 120.15 Td (when ) Tj ET Q q 0 0 0 rg BT 307.47 120.15 Td (they ) Tj ET Q q 0 0 0 rg BT 327.19 120.15 Td (are ) Tj ET Q q 0 0 0 rg BT 341.89 120.15 Td (earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.54 120.15 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 93.85 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 102.34 93.85 Td (Receivable ) Tj ET Q q 0 0 0 rg BT 149.26 93.85 Td (and ) Tj ET Q q 0 0 0 rg BT 166.95 93.85 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 212.78 93.85 Td (for ) Tj ET Q q 0 0 0 rg BT 227.51 93.85 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 266.87 93.85 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 76.85 Td (T) Tj ET Q q 0 0 0 rg BT 79.26 76.85 Td (rade ) Tj ET Q q 0 0 0 rg BT 98.13 76.85 Td (accounts ) Tj ET Q q 0 0 0 rg BT 134.77 76.85 Td (receivable ) Tj ET Q q 0 0 0 rg BT 177.51 76.85 Td (consist ) Tj ET Q q 0 0 0 rg BT 206.95 76.85 Td (of ) Tj ET Q q 0 0 0 rg BT 216.94 76.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 252.49 76.85 Td (billed ) Tj ET Q q 0 0 0 rg BT 276.93 76.85 Td (to ) Tj ET Q q 0 0 0 rg BT 286.37 76.85 Td (customers ) Tj ET Q q 0 0 0 rg BT 328.58 76.85 Td (in ) Tj ET Q q 0 0 0 rg BT 338.02 76.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 383.55 76.85 Td (with ) Tj ET Q q 0 0 0 rg BT 402.99 76.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 424.09 76.85 Td (of ) Tj ET Q q 0 0 0 rg BT 434.08 76.85 Td (services. ) Tj ET Q q 0 0 0 rg BT 470.33 76.85 Td (The ) Tj ET Q q 0 0 0 rg BT 487.54 76.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.09 76.85 Td (analyzes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.85 Td (individual ) Tj ET Q q 0 0 0 rg BT 93.52 64.85 Td (trade ) Tj ET Q q 0 0 0 rg BT 116.98 64.85 Td (accounts ) Tj ET Q q 0 0 0 rg BT 155.43 64.85 Td (receivable ) Tj ET Q q 0 0 0 rg BT 199.98 64.85 Td (by ) Tj ET Q q 0 0 0 rg BT 213.46 64.85 Td (considering ) Tj ET Q q 0 0 0 rg BT 263.58 64.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 304.26 64.85 Td (bad ) Tj ET Q q 0 0 0 rg BT 322.17 64.85 Td (debts, ) Tj ET Q q 0 0 0 rg BT 349.25 64.85 Td (customer ) Tj ET Q q 0 0 0 rg BT 389.38 64.85 Td (creditworthiness, ) Tj ET Q q 0 0 0 rg BT 461.44 64.85 Td (current ) Tj ET Q q 0 0 0 rg BT 493.23 64.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 535.57 64.85 Td (trends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.30 52.85 Td (in ) Tj ET Q q 0 0 0 rg BT 94.66 52.85 Td (customer ) Tj ET Q q 0 0 0 rg BT 133.91 52.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 170.93 52.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 195.74 52.85 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 52.85 Td (collection ) Tj ET Q q 0 0 0 rg BT 254.78 52.85 Td (trends ) Tj ET Q q 0 0 0 rg BT 281.81 52.85 Td (when ) Tj ET Q q 0 0 0 rg BT 306.06 52.85 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 350.30 52.85 Td (the ) Tj ET Q q 0 0 0 rg BT 365.11 52.85 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 405.45 52.85 Td (of ) Tj ET Q q 0 0 0 rg BT 416.37 52.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.18 52.85 Td (allowance ) Tj ET Q q 0 0 0 rg BT 474.30 52.85 Td (for ) Tj ET Q q 0 0 0 rg BT 488.55 52.85 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 525.02 52.85 Td (accounts. ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (Allowances ) Tj ET Q q 0 0 0 rg BT 100.46 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 115.87 740.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 153.50 740.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 192.24 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.20 740.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 255.81 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.34 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.30 740.10 Td (period ) Tj ET Q q 0 0 0 rg BT 312.60 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.13 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 352.32 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.28 740.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 413.13 740.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 457.96 740.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 492.24 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.66 740.10 Td (not ) Tj ET Q q 0 0 0 rg BT 519.19 740.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 101.10 728.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 121.48 728.10 Td (change ) Tj ET Q q 0 0 0 rg BT 152.96 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.90 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.28 728.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 231.89 728.10 Td (used ) Tj ET Q q 0 0 0 rg BT 253.38 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.33 728.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 306.36 728.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 344.51 728.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 388.75 728.10 Td (may ) Tj ET Q q 0 0 0 rg BT 409.13 728.10 Td (result ) Tj ET Q q 0 0 0 rg BT 434.51 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.45 728.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 480.82 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.76 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.14 728.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 550.84 728.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 85.27 716.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 122.14 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.47 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.03 716.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 192.77 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.44 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.54 716.10 Td (period ) Tj ET Q q 0 0 0 rg BT 243.97 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.64 716.10 Td (which ) Tj ET Q q 0 0 0 rg BT 279.96 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.07 716.10 Td (change ) Tj ET Q q 0 0 0 rg BT 324.27 716.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 354.62 716.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.05 716.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.82 716.10 Td (writes ) Tj ET Q q 0 0 0 rg BT 439.15 716.10 Td (of) Tj ET Q q 0 0 0 rg BT 447.30 716.10 Td (f ) Tj ET Q q 0 0 0 rg BT 452.51 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.84 716.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 501.80 716.10 Td (when ) Tj ET Q q 0 0 0 rg BT 525.35 716.10 Td (all ) Tj ET Q q 0 0 0 rg BT 537.23 716.10 Td (rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 87.19 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.23 704.10 Td (recourses ) Tj ET Q q 0 0 0 rg BT 142.59 704.10 Td (against ) Tj ET Q q 0 0 0 rg BT 172.51 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.32 704.10 Td (account ) Tj ET Q q 0 0 0 rg BT 219.02 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.05 704.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.10 704.10 Td (principals ) Tj ET Q q 0 0 0 rg BT 287.13 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.94 704.10 Td (exhausted ) Tj ET Q q 0 0 0 rg BT 342.52 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.56 704.10 Td (records ) Tj ET Q q 0 0 0 rg BT 389.58 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.62 704.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 424.98 704.10 Td (when ) Tj ET Q q 0 0 0 rg BT 448.24 704.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 492.05 704.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 527.52 704.10 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 692.10 Td (collected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 665.80 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 123.46 665.80 Td (of ) Tj ET Q q 0 0 0 rg BT 134.29 665.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 162.34 665.80 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 648.80 Td (The ) Tj ET Q q 0 0 0 rg BT 91.25 648.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.43 648.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 177.30 648.80 Td (that ) Tj ET Q q 0 0 0 rg BT 194.50 648.80 Td (potentially ) Tj ET Q q 0 0 0 rg BT 239.47 648.80 Td (expose ) Tj ET Q q 0 0 0 rg BT 269.45 648.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.87 648.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.96 648.80 Td (to ) Tj ET Q q 0 0 0 rg BT 334.94 648.80 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 395.45 648.80 Td (of ) Tj ET Q q 0 0 0 rg BT 405.99 648.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 430.95 648.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.16 648.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 478.14 648.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.56 648.80 Td (of ) Tj ET Q q 0 0 0 rg BT 528.09 648.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 548.06 648.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.72 636.80 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 118.22 636.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 167.45 636.80 Td (and ) Tj ET Q q 0 0 0 rg BT 183.34 636.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 219.78 636.80 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 264.71 636.80 Td (The ) Tj ET Q q 0 0 0 rg BT 281.71 636.80 Td (Company) Tj ET Q q 0 0 0 rg BT 323.38 636.80 Td (s ) Tj ET Q q 0 0 0 rg BT 328.73 636.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.95 636.80 Td (and ) Tj ET Q q 0 0 0 rg BT 363.84 636.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.07 636.80 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 430.06 636.80 Td (are ) Tj ET Q q 0 0 0 rg BT 443.73 636.80 Td (deposited ) Tj ET Q q 0 0 0 rg BT 483.51 636.80 Td (with ) Tj ET Q q 0 0 0 rg BT 502.74 636.80 Td (major ) Tj ET Q q 0 0 0 rg BT 527.52 636.80 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.80 Td (institutions ) Tj ET Q q 0 0 0 rg BT 96.65 624.80 Td (in ) Tj ET Q q 0 0 0 rg BT 107.12 624.80 Td (the ) Tj ET Q q 0 0 0 rg BT 122.03 624.80 Td (United ) Tj ET Q q 0 0 0 rg BT 151.94 624.80 Td (States. ) Tj ET Q q 0 0 0 rg BT 180.43 624.80 Td (At ) Tj ET Q q 0 0 0 rg BT 193.12 624.80 Td (times, ) Tj ET Q q 0 0 0 rg BT 219.98 624.80 Td (such ) Tj ET Q q 0 0 0 rg BT 241.01 624.80 Td (deposits ) Tj ET Q q 0 0 0 rg BT 276.48 624.80 Td (may ) Tj ET Q q 0 0 0 rg BT 296.39 624.80 Td (be ) Tj ET Q q 0 0 0 rg BT 308.52 624.80 Td (in ) Tj ET Q q 0 0 0 rg BT 319.00 624.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 347.79 624.80 Td (of ) Tj ET Q q 0 0 0 rg BT 358.81 624.80 Td (federally ) Tj ET Q q 0 0 0 rg BT 397.04 624.80 Td (insured ) Tj ET Q q 0 0 0 rg BT 429.17 624.80 Td (limits. ) Tj ET Q q 0 0 0 rg BT 457.15 624.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 512.05 624.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 547.50 624.80 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.80 Td (the ) Tj ET Q q 0 0 0 rg BT 63.65 612.80 Td (Company) Tj ET Q q 0 0 0 rg BT 105.32 612.80 Td (s ) Tj ET Q q 0 0 0 rg BT 111.14 612.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 160.85 612.80 Td (in ) Tj ET Q q 0 0 0 rg BT 170.57 612.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.27 612.80 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 237.75 612.80 Td (and ) Tj ET Q q 0 0 0 rg BT 254.12 612.80 Td (available-for) Tj ET Q q 0 0 0 rg BT 305.00 612.80 Td (-sale ) Tj ET Q q 0 0 0 rg BT 325.81 612.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 375.52 612.80 Td (are ) Tj ET Q q 0 0 0 rg BT 389.66 612.80 Td (financially ) Tj ET Q q 0 0 0 rg BT 434.35 612.80 Td (sound. ) Tj ET Q q 0 0 0 rg BT 462.54 612.80 Td (The ) Tj ET Q q 0 0 0 rg BT 480.02 612.80 Td (Company) Tj ET Q q 0 0 0 rg BT 521.69 612.80 Td (s ) Tj ET Q q 0 0 0 rg BT 527.52 612.80 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.80 Td (receivable ) Tj ET Q q 0 0 0 rg BT 93.65 600.80 Td (are ) Tj ET Q q 0 0 0 rg BT 108.94 600.80 Td (derived ) Tj ET Q q 0 0 0 rg BT 142.00 600.80 Td (from ) Tj ET Q q 0 0 0 rg BT 164.51 600.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 199.23 600.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 228.95 600.80 Td (from ) Tj ET Q q 0 0 0 rg BT 251.47 600.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 295.09 600.80 Td (located ) Tj ET Q q 0 0 0 rg BT 327.04 600.80 Td (in ) Tj ET Q q 0 0 0 rg BT 337.89 600.80 Td (the ) Tj ET Q q 0 0 0 rg BT 353.18 600.80 Td (United ) Tj ET Q q 0 0 0 rg BT 383.47 600.80 Td (States. ) Tj ET Q q 0 0 0 rg BT 412.71 600.80 Td (The ) Tj ET Q q 0 0 0 rg BT 431.33 600.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.30 600.80 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.81 600.80 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.81 600.80 Td ( ) Tj ET Q q 0 0 0 rg BT 503.88 600.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.51 600.80 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.80 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.65 588.80 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.98 588.80 Td ( ) Tj ET Q q 0 0 0 rg BT 118.04 588.80 Td (or ) Tj ET Q q 0 0 0 rg BT 128.43 588.80 Td (more ) Tj ET Q q 0 0 0 rg BT 151.04 588.80 Td (of ) Tj ET Q q 0 0 0 rg BT 161.44 588.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.04 588.80 Td (for ) Tj ET Q q 0 0 0 rg BT 212.76 588.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.04 588.80 Td (years ) Tj ET Q q 0 0 0 rg BT 250.20 588.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 276.14 588.80 Td (December ) Tj ET Q q 0 0 0 rg BT 319.29 588.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 333.85 588.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 358.41 588.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 380.48 588.80 Td (and ) Tj ET Q q 0 0 0 rg BT 396.98 588.80 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.98 588.80 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.54 588.80 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.76 588.80 Td ( ) Tj ET Q q 0 0 0 rg BT 435.83 588.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 474.54 588.80 Td (represented ) Tj ET Q q 0 0 0 rg BT 522.69 588.80 Td (more ) Tj ET Q q 0 0 0 rg BT 545.30 588.80 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.80 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 576.80 Td ( ) Tj ET Q q 0 0 0 rg BT 70.33 576.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.16 576.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 118.65 576.80 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.22 576.80 Td (as ) Tj ET Q q 0 0 0 rg BT 173.05 576.80 Td (of ) Tj ET Q q 0 0 0 rg BT 183.88 576.80 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.97 576.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.47 576.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 576.80 Td ( ) Tj ET Q q 0 0 0 rg BT 264.97 576.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.91 576.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.91 576.80 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 550.50 Td (Software ) Tj ET Q q 0 0 0 rg BT 100.67 550.50 Td (and ) Tj ET Q q 0 0 0 rg BT 118.55 550.50 Td (W) Tj ET Q q 0 0 0 rg BT 126.70 550.50 Td (ebsite ) Tj ET Q q 0 0 0 rg BT 152.53 550.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 208.90 550.50 Td (Costs) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 533.50 Td (The ) Tj ET Q q 0 0 0 rg BT 92.26 533.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.36 533.50 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 179.77 533.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 213.53 533.50 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 533.50 Td (external ) Tj ET Q q 0 0 0 rg BT 266.60 533.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.81 533.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 326.34 533.50 Td (to ) Tj ET Q q 0 0 0 rg BT 337.34 533.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.21 533.50 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.62 533.50 Td (software ) Tj ET Q q 0 0 0 rg BT 460.27 533.50 Td (and ) Tj ET Q q 0 0 0 rg BT 477.92 533.50 Td (website ) Tj ET Q q 0 0 0 rg BT 511.68 533.50 Td (applications. ) Tj ET Q q 0 0 0 rg BT 565.00 533.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.50 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 96.95 521.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 129.40 521.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.31 521.50 Td (include ) Tj ET Q q 0 0 0 rg BT 182.65 521.50 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 217.04 521.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.61 521.50 Td (and ) Tj ET Q q 0 0 0 rg BT 266.96 521.50 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 316.07 521.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 373.52 521.50 Td (char) Tj ET Q q 0 0 0 rg BT 390.55 521.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 405.79 521.50 Td (for ) Tj ET Q q 0 0 0 rg BT 419.36 521.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 464.03 521.50 Td (that ) Tj ET Q q 0 0 0 rg BT 480.94 521.50 Td (are ) Tj ET Q q 0 0 0 rg BT 495.05 521.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 527.50 521.50 Td (involved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.09 509.50 Td (developing ) Tj ET Q q 0 0 0 rg BT 105.34 509.50 Td (the ) Tj ET Q q 0 0 0 rg BT 119.37 509.50 Td (software ) Tj ET Q q 0 0 0 rg BT 155.61 509.50 Td (or ) Tj ET Q q 0 0 0 rg BT 165.75 509.50 Td (website ) Tj ET Q q 0 0 0 rg BT 198.11 509.50 Td (application, ) Tj ET Q q 0 0 0 rg BT 246.85 509.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.11 509.50 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 314.34 509.50 Td (of ) Tj ET Q q 0 0 0 rg BT 324.48 509.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.62 509.50 Td (used ) Tj ET Q q 0 0 0 rg BT 369.77 509.50 Td (in ) Tj ET Q q 0 0 0 rg BT 379.36 509.50 Td (the ) Tj ET Q q 0 0 0 rg BT 393.39 509.50 Td (development ) Tj ET Q q 0 0 0 rg BT 446.85 509.50 Td (process. ) Tj ET Q q 0 0 0 rg BT 481.15 509.50 Td ( ) Tj ET Q q 0 0 0 rg BT 482.97 509.50 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 530.32 509.50 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.75 497.50 Td (include ) Tj ET Q q 0 0 0 rg BT 105.44 497.50 Td (third-party ) Tj ET Q q 0 0 0 rg BT 151.45 497.50 Td (consultants ) Tj ET Q q 0 0 0 rg BT 199.70 497.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 237.94 497.50 Td (in ) Tj ET Q q 0 0 0 rg BT 248.97 497.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 497.50 Td (development ) Tj ET Q q 0 0 0 rg BT 319.34 497.50 Td (process, ) Tj ET Q q 0 0 0 rg BT 355.08 497.50 Td (as ) Tj ET Q q 0 0 0 rg BT 366.66 497.50 Td (well ) Tj ET Q q 0 0 0 rg BT 387.13 497.50 Td (as ) Tj ET Q q 0 0 0 rg BT 398.71 497.50 Td (other ) Tj ET Q q 0 0 0 rg BT 422.51 497.50 Td (direct ) Tj ET Q q 0 0 0 rg BT 448.52 497.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.78 497.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.34 497.50 Td (as ) Tj ET Q q 0 0 0 rg BT 519.92 497.50 Td (part ) Tj ET Q q 0 0 0 rg BT 538.72 497.50 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 497.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.50 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 485.50 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.14 485.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 468.50 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 131.74 468.50 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 468.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.37 468.50 Td (begins ) Tj ET Q q 0 0 0 rg BT 192.62 468.50 Td (when ) Tj ET Q q 0 0 0 rg BT 216.43 468.50 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 468.50 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 279.59 468.50 Td (project ) Tj ET Q q 0 0 0 rg BT 309.50 468.50 Td (stage ) Tj ET Q q 0 0 0 rg BT 332.20 468.50 Td (has ) Tj ET Q q 0 0 0 rg BT 347.67 468.50 Td (been ) Tj ET Q q 0 0 0 rg BT 368.70 468.50 Td (completed, ) Tj ET Q q 0 0 0 rg BT 415.00 468.50 Td (management ) Tj ET Q q 0 0 0 rg BT 468.23 468.50 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 511.47 468.50 Td (and ) Tj ET Q q 0 0 0 rg BT 528.06 468.50 Td (commits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.50 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 456.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 93.88 456.50 Td (a ) Tj ET Q q 0 0 0 rg BT 101.06 456.50 Td (project ) Tj ET Q q 0 0 0 rg BT 131.57 456.50 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 456.50 Td (it ) Tj ET Q q 0 0 0 rg BT 157.06 456.50 Td (is ) Tj ET Q q 0 0 0 rg BT 166.47 456.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 204.20 456.50 Td (that ) Tj ET Q q 0 0 0 rg BT 221.94 456.50 Td (the ) Tj ET Q q 0 0 0 rg BT 236.91 456.50 Td (project ) Tj ET Q q 0 0 0 rg BT 267.42 456.50 Td (will ) Tj ET Q q 0 0 0 rg BT 285.72 456.50 Td (be ) Tj ET Q q 0 0 0 rg BT 297.90 456.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 342.30 456.50 Td (and ) Tj ET Q q 0 0 0 rg BT 359.48 456.50 Td (the ) Tj ET Q q 0 0 0 rg BT 374.45 456.50 Td (software ) Tj ET Q q 0 0 0 rg BT 411.62 456.50 Td (or ) Tj ET Q q 0 0 0 rg BT 422.70 456.50 Td (website ) Tj ET Q q 0 0 0 rg BT 455.99 456.50 Td (application ) Tj ET Q q 0 0 0 rg BT 503.16 456.50 Td (will ) Tj ET Q q 0 0 0 rg BT 521.46 456.50 Td (be ) Tj ET Q q 0 0 0 rg BT 533.65 456.50 Td (used ) Tj ET Q q 0 0 0 rg BT 554.72 456.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.50 Td (perform ) Tj ET Q q 0 0 0 rg BT 83.42 444.50 Td (the ) Tj ET Q q 0 0 0 rg BT 97.36 444.50 Td (function ) Tj ET Q q 0 0 0 rg BT 132.40 444.50 Td (intended. ) Tj ET Q q 0 0 0 rg BT 171.05 444.50 Td ( ) Tj ET Q q 0 0 0 rg BT 172.76 444.50 Td (Internal ) Tj ET Q q 0 0 0 rg BT 205.57 444.50 Td (and ) Tj ET Q q 0 0 0 rg BT 221.73 444.50 Td (external ) Tj ET Q q 0 0 0 rg BT 255.65 444.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.36 444.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 312.40 444.50 Td (as ) Tj ET Q q 0 0 0 rg BT 322.44 444.50 Td (part ) Tj ET Q q 0 0 0 rg BT 339.71 444.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.75 444.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.68 444.50 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 412.05 444.50 Td (project ) Tj ET Q q 0 0 0 rg BT 441.53 444.50 Td (stage ) Tj ET Q q 0 0 0 rg BT 463.79 444.50 Td (are ) Tj ET Q q 0 0 0 rg BT 477.72 444.50 Td (expensed ) Tj ET Q q 0 0 0 rg BT 516.64 444.50 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 444.50 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 444.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 427.50 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 132.14 427.50 Td (ceases ) Tj ET Q q 0 0 0 rg BT 160.22 427.50 Td (at ) Tj ET Q q 0 0 0 rg BT 169.98 427.50 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 427.50 Td (point ) Tj ET Q q 0 0 0 rg BT 207.84 427.50 Td (at ) Tj ET Q q 0 0 0 rg BT 217.60 427.50 Td (which ) Tj ET Q q 0 0 0 rg BT 244.58 427.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.34 427.50 Td (project ) Tj ET Q q 0 0 0 rg BT 289.65 427.50 Td (is ) Tj ET Q q 0 0 0 rg BT 298.87 427.50 Td (substantially ) Tj ET Q q 0 0 0 rg BT 351.96 427.50 Td (complete ) Tj ET Q q 0 0 0 rg BT 391.16 427.50 Td (and ) Tj ET Q q 0 0 0 rg BT 408.14 427.50 Td (ready ) Tj ET Q q 0 0 0 rg BT 432.89 427.50 Td (for ) Tj ET Q q 0 0 0 rg BT 447.09 427.50 Td (its ) Tj ET Q q 0 0 0 rg BT 459.09 427.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 496.06 427.50 Td (use. ) Tj ET Q q 0 0 0 rg BT 514.44 427.50 Td (Internal ) Tj ET Q q 0 0 0 rg BT 548.08 427.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.50 Td (external ) Tj ET Q q 0 0 0 rg BT 84.20 415.50 Td (training ) Tj ET Q q 0 0 0 rg BT 117.81 415.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.31 415.50 Td (and ) Tj ET Q q 0 0 0 rg BT 157.24 415.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 210.27 415.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.77 415.50 Td (during ) Tj ET Q q 0 0 0 rg BT 261.38 415.50 Td (the ) Tj ET Q q 0 0 0 rg BT 276.10 415.50 Td (post-implementation ) Tj ET Q q 0 0 0 rg BT 361.36 415.50 Td (operation ) Tj ET Q q 0 0 0 rg BT 401.62 415.50 Td (stage ) Tj ET Q q 0 0 0 rg BT 424.67 415.50 Td (are ) Tj ET Q q 0 0 0 rg BT 439.38 415.50 Td (expensed ) Tj ET Q q 0 0 0 rg BT 479.08 415.50 Td (as ) Tj ET Q q 0 0 0 rg BT 489.92 415.50 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 398.50 Td (Internal-developed ) Tj ET Q q 0 0 0 rg BT 151.73 398.50 Td (core ) Tj ET Q q 0 0 0 rg BT 171.65 398.50 Td (software ) Tj ET Q q 0 0 0 rg BT 208.79 398.50 Td (is ) Tj ET Q q 0 0 0 rg BT 218.18 398.50 Td (amortized ) Tj ET Q q 0 0 0 rg BT 260.87 398.50 Td (on ) Tj ET Q q 0 0 0 rg BT 273.59 398.50 Td (a ) Tj ET Q q 0 0 0 rg BT 280.74 398.50 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 331.77 398.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 354.49 398.50 Td (over ) Tj ET Q q 0 0 0 rg BT 374.97 398.50 Td (its ) Tj ET Q q 0 0 0 rg BT 387.13 398.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 428.17 398.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 455.32 398.50 Td (life, ) Tj ET Q q 0 0 0 rg BT 473.86 398.50 Td (generally) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.06 398.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.77 398.50 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.76 398.50 Td ( ) Tj ET Q q 0 0 0 rg BT 536.47 398.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.96 398.50 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 398.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (years. ) Tj ET Q q 0 0 0 rg BT 74.67 386.50 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 130.00 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 140.34 386.50 Td (product ) Tj ET Q q 0 0 0 rg BT 172.90 386.50 Td (related ) Tj ET Q q 0 0 0 rg BT 202.11 386.50 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 251.32 386.50 Td (software ) Tj ET Q q 0 0 0 rg BT 287.76 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 304.21 386.50 Td (website ) Tj ET Q q 0 0 0 rg BT 336.77 386.50 Td (applications ) Tj ET Q q 0 0 0 rg BT 387.10 386.50 Td (is ) Tj ET Q q 0 0 0 rg BT 395.78 386.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 432.78 386.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 469.77 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 479.56 386.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.67 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 508.02 386.50 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 548.06 386.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.68 374.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.64 374.50 Td (other ) Tj ET Q q 0 0 0 rg BT 136.83 374.50 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 186.67 374.50 Td (software ) Tj ET Q q 0 0 0 rg BT 223.74 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 240.81 374.50 Td (website ) Tj ET Q q 0 0 0 rg BT 274.00 374.50 Td (applications ) Tj ET Q q 0 0 0 rg BT 324.96 374.50 Td (is ) Tj ET Q q 0 0 0 rg BT 334.26 374.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 371.89 374.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.51 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 419.92 374.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.78 374.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.18 374.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 510.02 374.50 Td (line ) Tj ET Q q 0 0 0 rg BT 527.66 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 538.07 374.50 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (it ) Tj ET Q q 0 0 0 rg BT 57.01 362.50 Td (most ) Tj ET Q q 0 0 0 rg BT 78.40 362.50 Td (closely ) Tj ET Q q 0 0 0 rg BT 108.68 362.50 Td (relates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.27 362.50 Td ( ) Tj ET Q q 0 0 0 rg BT 139.22 362.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 193.37 362.50 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.53 362.50 Td (the ) Tj ET Q q 0 0 0 rg BT 246.69 362.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 273.08 362.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 293.92 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.20 362.50 Td (these ) Tj ET Q q 0 0 0 rg BT 326.69 362.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.97 362.50 Td (on ) Tj ET Q q 0 0 0 rg BT 363.92 362.50 Td (an ) Tj ET Q q 0 0 0 rg BT 375.31 362.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 403.92 362.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 425.87 362.50 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 362.50 Td ( ) Tj ET Q q 0 0 0 rg BT 442.25 362.50 Td (tests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.98 362.50 Td (for ) Tj ET Q q 0 0 0 rg BT 475.59 362.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 523.64 362.50 Td (whenever ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (events ) Tj ET Q q 0 0 0 rg BT 77.72 350.50 Td (or ) Tj ET Q q 0 0 0 rg BT 88.72 350.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 123.60 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.06 350.50 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 193.37 350.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 218.25 350.50 Td (that ) Tj ET Q q 0 0 0 rg BT 235.92 350.50 Td (could ) Tj ET Q q 0 0 0 rg BT 260.81 350.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 290.69 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 305.58 350.50 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 363.78 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 374.79 350.50 Td (these ) Tj ET Q q 0 0 0 rg BT 398.01 350.50 Td (assets. ) Tj ET Q q 0 0 0 rg BT 426.32 350.50 Td (The ) Tj ET Q q 0 0 0 rg BT 444.54 350.50 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 490.52 350.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 513.19 350.50 Td (are ) Tj ET Q q 0 0 0 rg BT 528.07 350.50 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.28 338.50 Td ( ) Tj ET Q q 0 0 0 rg BT 59.86 338.50 Td (property ) Tj ET Q q 0 0 0 rg BT 96.32 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 113.34 338.50 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 160.64 338.50 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.44 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 185.80 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 200.60 338.50 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 261.49 338.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 314.62 338.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 347.73 338.50 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 377.25 338.50 Td (For ) Tj ET Q q 0 0 0 rg BT 393.73 338.50 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 338.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.53 338.50 Td (years ) Tj ET Q q 0 0 0 rg BT 432.21 338.50 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.09 338.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.67 338.50 Td (December ) Tj ET Q q 0 0 0 rg BT 502.34 338.50 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.84 338.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.42 338.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.42 338.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 338.50 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 338.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.48 326.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.48 326.50 Td (, ) Tj ET Q q 0 0 0 rg BT 91.51 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 106.27 326.50 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.69 326.50 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 193.53 326.50 Td (software ) Tj ET Q q 0 0 0 rg BT 230.50 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 247.47 326.50 Td (website ) Tj ET Q q 0 0 0 rg BT 280.55 326.50 Td (application ) Tj ET Q q 0 0 0 rg BT 327.52 326.50 Td (development ) Tj ET Q q 0 0 0 rg BT 381.71 326.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 404.24 326.50 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.57 326.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.11 326.50 Td ($15.9 ) Tj ET Q q 0 0 0 rg BT 440.15 326.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.04 326.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.08 326.50 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 494.11 326.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.00 326.50 Td (, ) Tj ET Q q 0 0 0 rg BT 528.04 326.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.02 326.50 Td ($0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 314.50 Td (, ) Tj ET Q q 0 0 0 rg BT 83.39 314.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 131.05 314.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 297.50 Td (During ) Tj ET Q q 0 0 0 rg BT 103.56 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.52 297.50 Td (year ) Tj ET Q q 0 0 0 rg BT 136.46 297.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.07 297.50 Td (December ) Tj ET Q q 0 0 0 rg BT 204.89 297.50 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.12 297.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.12 297.50 Td (, ) Tj ET Q q 0 0 0 rg BT 243.36 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.31 297.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.93 297.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 334.64 297.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.82 297.50 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 360.05 297.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.94 297.50 Td ( ) Tj ET Q q 0 0 0 rg BT 390.68 297.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 438.51 297.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 455.81 297.50 Td (on ) Tj ET Q q 0 0 0 rg BT 467.54 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 481.49 297.50 Td (write-of) Tj ET Q q 0 0 0 rg BT 513.52 297.50 Td (f ) Tj ET Q q 0 0 0 rg BT 518.58 297.50 Td (of ) Tj ET Q q 0 0 0 rg BT 528.65 297.50 Td (internal-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.50 Td (use ) Tj ET Q q 0 0 0 rg BT 65.33 285.50 Td (software. ) Tj ET Q q 0 0 0 rg BT 104.58 285.50 Td (There ) Tj ET Q q 0 0 0 rg BT 130.39 285.50 Td (were ) Tj ET Q q 0 0 0 rg BT 152.32 285.50 Td (no ) Tj ET Q q 0 0 0 rg BT 164.82 285.50 Td (such ) Tj ET Q q 0 0 0 rg BT 185.65 285.50 Td (write-of) Tj ET Q q 0 0 0 rg BT 217.68 285.50 Td (fs ) Tj ET Q q 0 0 0 rg BT 227.40 285.50 Td (during ) Tj ET Q q 0 0 0 rg BT 256.01 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 270.73 285.50 Td (years ) Tj ET Q q 0 0 0 rg BT 294.32 285.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 320.70 285.50 Td (December ) Tj ET Q q 0 0 0 rg BT 364.29 285.50 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.29 285.50 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.29 285.50 Td ( ) Tj ET Q q 0 0 0 rg BT 401.79 285.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.72 285.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.72 285.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 259.20 Td (Property ) Tj ET Q q 0 0 0 rg BT 99.55 259.20 Td (and ) Tj ET Q q 0 0 0 rg BT 117.61 259.20 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 242.80 Td (Property ) Tj ET Q q 0 0 0 rg BT 109.99 242.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.48 242.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 172.74 242.80 Td (are ) Tj ET Q q 0 0 0 rg BT 188.00 242.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 214.38 242.80 Td (at ) Tj ET Q q 0 0 0 rg BT 224.64 242.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 243.80 242.80 Td (less ) Tj ET Q q 0 0 0 rg BT 261.85 242.80 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 315.43 242.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 367.90 242.80 Td (and ) Tj ET Q q 0 0 0 rg BT 385.39 242.80 Td (are ) Tj ET Q q 0 0 0 rg BT 400.65 242.80 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 449.78 242.80 Td (on ) Tj ET Q q 0 0 0 rg BT 462.83 242.80 Td (a ) Tj ET Q q 0 0 0 rg BT 470.32 242.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 521.69 242.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 544.74 242.80 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.80 Td (their ) Tj ET Q q 0 0 0 rg BT 69.76 230.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 110.02 230.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 136.39 230.80 Td (lives, ) Tj ET Q q 0 0 0 rg BT 159.71 230.80 Td (which ) Tj ET Q q 0 0 0 rg BT 186.09 230.80 Td (is ) Tj ET Q q 0 0 0 rg BT 194.70 230.80 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 230.80 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.82 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 255.75 230.80 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.47 230.80 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.24 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 290.17 230.80 Td (years. ) Tj ET Q q 0 0 0 rg BT 315.71 230.80 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 358.74 230.80 Td (improvements ) Tj ET Q q 0 0 0 rg BT 417.89 230.80 Td (are ) Tj ET Q q 0 0 0 rg BT 432.03 230.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 473.95 230.80 Td (on ) Tj ET Q q 0 0 0 rg BT 485.88 230.80 Td (a ) Tj ET Q q 0 0 0 rg BT 492.26 230.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.51 230.80 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.80 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 218.80 Td (their ) Tj ET Q q 0 0 0 rg BT 90.59 218.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 131.41 218.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 158.35 218.80 Td (lives ) Tj ET Q q 0 0 0 rg BT 179.74 218.80 Td (or ) Tj ET Q q 0 0 0 rg BT 190.57 218.80 Td (over ) Tj ET Q q 0 0 0 rg BT 210.84 218.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.55 218.80 Td (term ) Tj ET Q q 0 0 0 rg BT 246.38 218.80 Td (of ) Tj ET Q q 0 0 0 rg BT 257.21 218.80 Td (the ) Tj ET Q q 0 0 0 rg BT 271.93 218.80 Td (lease, ) Tj ET Q q 0 0 0 rg BT 296.91 218.80 Td (whichever ) Tj ET Q q 0 0 0 rg BT 341.06 218.80 Td (is ) Tj ET Q q 0 0 0 rg BT 350.23 218.80 Td (shorter) Tj ET Q q 0 0 0 rg BT 377.44 218.80 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 192.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 100.68 192.50 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.93 176.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.69 176.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 178.33 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.65 176.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 235.73 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.83 176.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 299.25 176.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.46 176.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 362.76 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.42 176.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.74 176.10 Td (business ) Tj ET Q q 0 0 0 rg BT 417.51 176.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 472.88 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.97 176.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 528.07 176.10 Td (assumed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.25 164.10 Td (any ) Tj ET Q q 0 0 0 rg BT 83.00 164.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 147.52 164.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 179.27 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.36 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.88 164.10 Td (acquiree, ) Tj ET Q q 0 0 0 rg BT 242.56 164.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 283.18 164.10 Td (at ) Tj ET Q q 0 0 0 rg BT 292.71 164.10 Td (their ) Tj ET Q q 0 0 0 rg BT 313.35 164.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 329.54 164.10 Td (values ) Tj ET Q q 0 0 0 rg BT 357.39 164.10 Td (as ) Tj ET Q q 0 0 0 rg BT 368.03 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.68 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.20 164.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 439.40 164.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 460.70 164.10 Td (The ) Tj ET Q q 0 0 0 rg BT 478.55 164.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.75 164.10 Td (recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 95.29 152.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 152.75 152.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 210.20 152.10 Td (at ) Tj ET Q q 0 0 0 rg BT 221.00 152.10 Td (their ) Tj ET Q q 0 0 0 rg BT 242.90 152.10 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 310.35 152.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 327.81 152.10 Td (values ) Tj ET Q q 0 0 0 rg BT 356.94 152.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.30 152.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 426.33 152.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 462.12 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.48 152.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.94 152.10 Td (value ) Tj ET Q q 0 0 0 rg BT 516.18 152.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 554.73 152.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 89.16 140.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 135.20 140.10 Td (pre-acquisition ) Tj ET Q q 0 0 0 rg BT 198.46 140.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 217.30 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.02 140.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 255.52 140.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 313.79 140.10 Td (at ) Tj ET Q q 0 0 0 rg BT 324.29 140.10 Td (their ) Tj ET Q q 0 0 0 rg BT 345.90 140.10 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 413.04 140.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.20 140.10 Td (values ) Tj ET Q q 0 0 0 rg BT 459.03 140.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 483.43 140.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.91 140.10 Td (exceptions\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 94.19 128.10 Td (in-process ) Tj ET Q q 0 0 0 rg BT 137.78 128.10 Td (research ) Tj ET Q q 0 0 0 rg BT 173.57 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.50 128.10 Td (development ) Tj ET Q q 0 0 0 rg BT 244.64 128.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.46 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.39 128.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 325.98 128.10 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 402.88 128.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 449.25 128.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.74 128.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.56 128.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 520.86 128.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 540.01 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 128.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 85.06 116.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 132.84 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.42 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.44 116.10 Td (Company) Tj ET Q q 0 0 0 rg BT 200.11 116.10 Td (s ) Tj ET Q q 0 0 0 rg BT 206.80 116.10 Td (best ) Tj ET Q q 0 0 0 rg BT 225.71 116.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 265.72 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.96 116.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 337.71 116.10 Td (they ) Tj ET Q q 0 0 0 rg BT 357.72 116.10 Td (are ) Tj ET Q q 0 0 0 rg BT 372.73 116.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 403.86 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.43 116.10 Td (refinement. ) Tj ET Q q 0 0 0 rg BT 463.04 116.10 Td (During ) Tj ET Q q 0 0 0 rg BT 494.18 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.19 116.10 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 80.32 104.10 Td (which ) Tj ET Q q 0 0 0 rg BT 107.53 104.10 Td (may ) Tj ET Q q 0 0 0 rg BT 127.51 104.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.72 104.10 Td (up ) Tj ET Q q 0 0 0 rg BT 152.49 104.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.04 104.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.48 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.25 104.10 Td (year ) Tj ET Q q 0 0 0 rg BT 200.22 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 222.43 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.42 104.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 284.07 104.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 306.00 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.98 104.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.64 104.10 Td (may ) Tj ET Q q 0 0 0 rg BT 382.63 104.10 Td (record ) Tj ET Q q 0 0 0 rg BT 410.93 104.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 461.48 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.03 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.01 104.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 503.66 104.10 Td (value ) Tj ET Q q 0 0 0 rg BT 528.09 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.19 104.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.95 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.41 92.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 144.65 92.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 184.61 92.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.41 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.65 92.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 280.88 92.10 Td (of) Tj ET Q q 0 0 0 rg BT 289.03 92.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 306.49 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.29 92.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 357.70 92.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 377.94 92.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 425.41 92.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 478.70 92.10 Td (including ) Tj ET Q q 0 0 0 rg BT 519.50 92.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.73 92.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.20 80.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.68 80.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 146.81 80.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.85 80.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 184.11 80.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 224.15 80.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 271.40 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.66 80.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 325.90 80.10 Td (income ) Tj ET Q q 0 0 0 rg BT 358.16 80.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.20 80.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 427.12 80.10 Td (after ) Tj ET Q q 0 0 0 rg BT 448.25 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.29 80.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 519.43 80.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 550.30 80.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.14 68.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 142.52 68.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 168.33 68.10 Td (than ) Tj ET Q q 0 0 0 rg BT 188.05 68.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.88 68.10 Td (an ) Tj ET Q q 0 0 0 rg BT 210.82 68.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 257.20 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.48 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.20 68.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.80 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.63 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.35 68.10 Td (acquisition.) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (59) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (The ) Tj ET Q q 0 0 0 rg BT 91.23 723.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.31 723.85 Td (records ) Tj ET Q q 0 0 0 rg BT 165.92 723.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 204.67 723.85 Td (in ) Tj ET Q q 0 0 0 rg BT 215.63 723.85 Td (a ) Tj ET Q q 0 0 0 rg BT 223.26 723.85 Td (business ) Tj ET Q q 0 0 0 rg BT 260.34 723.85 Td (combination ) Tj ET Q q 0 0 0 rg BT 313.52 723.85 Td (when ) Tj ET Q q 0 0 0 rg BT 338.37 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 353.77 723.85 Td (consideration ) Tj ET Q q 0 0 0 rg BT 410.83 723.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 431.23 723.85 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 466.07 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 481.47 723.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 498.54 723.85 Td (value ) Tj ET Q q 0 0 0 rg BT 523.38 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 534.90 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 550.30 723.85 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.52 711.85 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 115.14 711.85 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 155.62 711.85 Td (is ) Tj ET Q q 0 0 0 rg BT 164.98 711.85 Td (not ) Tj ET Q q 0 0 0 rg BT 180.45 711.85 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 225.63 711.85 Td (but ) Tj ET Q q 0 0 0 rg BT 241.10 711.85 Td (is ) Tj ET Q q 0 0 0 rg BT 250.46 711.85 Td (tested ) Tj ET Q q 0 0 0 rg BT 276.48 711.85 Td (for ) Tj ET Q q 0 0 0 rg BT 290.84 711.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 339.63 711.85 Td (at ) Tj ET Q q 0 0 0 rg BT 349.54 711.85 Td (least ) Tj ET Q q 0 0 0 rg BT 370.56 711.85 Td (annuallyin ) Tj ET Q q 0 0 0 rg BT 417.97 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 432.88 711.85 Td (fourth ) Tj ET Q q 0 0 0 rg BT 460.01 711.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 491.02 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 502.05 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 711.85 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 711.85 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.76 699.85 Td (year) Tj ET Q q 0 0 0 rg BT 90.57 699.85 Td (, ) Tj ET Q q 0 0 0 rg BT 95.67 699.85 Td (or ) Tj ET Q q 0 0 0 rg BT 106.61 699.85 Td (whenever ) Tj ET Q q 0 0 0 rg BT 148.08 699.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 182.89 699.85 Td (in ) Tj ET Q q 0 0 0 rg BT 193.27 699.85 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 252.52 699.85 Td (indicate ) Tj ET Q q 0 0 0 rg BT 286.78 699.85 Td (that ) Tj ET Q q 0 0 0 rg BT 304.38 699.85 Td (the ) Tj ET Q q 0 0 0 rg BT 319.20 699.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.68 699.85 Td (value ) Tj ET Q q 0 0 0 rg BT 359.94 699.85 Td (of ) Tj ET Q q 0 0 0 rg BT 370.87 699.85 Td (a ) Tj ET Q q 0 0 0 rg BT 377.92 699.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.18 699.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 435.34 699.85 Td (is ) Tj ET Q q 0 0 0 rg BT 444.61 699.85 Td (less ) Tj ET Q q 0 0 0 rg BT 462.22 699.85 Td (than ) Tj ET Q q 0 0 0 rg BT 482.04 699.85 Td (its ) Tj ET Q q 0 0 0 rg BT 494.09 699.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 530.02 699.85 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.85 Td (including ) Tj ET Q q 0 0 0 rg BT 90.29 687.85 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 131.15 687.85 Td (The ) Tj ET Q q 0 0 0 rg BT 149.72 687.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 179.39 687.85 Td (test ) Tj ET Q q 0 0 0 rg BT 196.30 687.85 Td (is ) Tj ET Q q 0 0 0 rg BT 205.98 687.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 250.65 687.85 Td (at ) Tj ET Q q 0 0 0 rg BT 260.89 687.85 Td (the ) Tj ET Q q 0 0 0 rg BT 276.12 687.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 315.80 687.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 334.37 687.85 Td (level ) Tj ET Q q 0 0 0 rg BT 356.82 687.85 Td (using ) Tj ET Q q 0 0 0 rg BT 381.51 687.85 Td (a ) Tj ET Q q 0 0 0 rg BT 388.97 687.85 Td (fair) Tj ET Q q 0 0 0 rg BT 402.65 687.85 Td (-value ) Tj ET Q q 0 0 0 rg BT 430.65 687.85 Td (based ) Tj ET Q q 0 0 0 rg BT 456.44 687.85 Td (approach. ) Tj ET Q q 0 0 0 rg BT 498.39 687.85 Td (The ) Tj ET Q q 0 0 0 rg BT 516.95 687.85 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 687.85 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.58 675.85 Td (are ) Tj ET Q q 0 0 0 rg BT 108.22 675.85 Td (or) Tj ET Q q 0 0 0 rg BT 116.37 675.85 Td (ganized ) Tj ET Q q 0 0 0 rg BT 149.89 675.85 Td (as ) Tj ET Q q 0 0 0 rg BT 160.64 675.85 Td (one ) Tj ET Q q 0 0 0 rg BT 177.51 675.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 216.59 675.85 Td (unit. ) Tj ET Q q 0 0 0 rg BT 237.07 675.85 Td (In ) Tj ET Q q 0 0 0 rg BT 247.83 675.85 Td (testing ) Tj ET Q q 0 0 0 rg BT 276.92 675.85 Td (for ) Tj ET Q q 0 0 0 rg BT 291.01 675.85 Td (a ) Tj ET Q q 0 0 0 rg BT 297.87 675.85 Td (potential ) Tj ET Q q 0 0 0 rg BT 335.29 675.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 383.82 675.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.57 675.85 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 435.06 675.85 Td (the ) Tj ET Q q 0 0 0 rg BT 449.70 675.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.01 675.85 Td (first ) Tj ET Q q 0 0 0 rg BT 509.55 675.85 Td (compares ) Tj ET Q q 0 0 0 rg BT 550.29 675.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.16 663.85 Td (value ) Tj ET Q q 0 0 0 rg BT 109.17 663.85 Td (of ) Tj ET Q q 0 0 0 rg BT 119.84 663.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 145.52 663.85 Td (and ) Tj ET Q q 0 0 0 rg BT 162.31 663.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 201.87 663.85 Td (to ) Tj ET Q q 0 0 0 rg BT 212.00 663.85 Td (the ) Tj ET Q q 0 0 0 rg BT 226.56 663.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 267.23 663.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.46 663.85 Td (value. ) Tj ET Q q 0 0 0 rg BT 309.96 663.85 Td (If ) Tj ET Q q 0 0 0 rg BT 318.97 663.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 359.63 663.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.86 663.85 Td (value ) Tj ET Q q 0 0 0 rg BT 399.86 663.85 Td (is ) Tj ET Q q 0 0 0 rg BT 408.88 663.85 Td (less ) Tj ET Q q 0 0 0 rg BT 426.23 663.85 Td (than ) Tj ET Q q 0 0 0 rg BT 445.79 663.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 481.45 663.85 Td (value, ) Tj ET Q q 0 0 0 rg BT 507.96 663.85 Td (then ) Tj ET Q q 0 0 0 rg BT 527.52 663.85 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.57 651.85 Td (exists. ) Tj ET Q q 0 0 0 rg BT 126.60 651.85 Td (The ) Tj ET Q q 0 0 0 rg BT 145.12 651.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 178.08 651.85 Td (of ) Tj ET Q q 0 0 0 rg BT 189.38 651.85 Td (any ) Tj ET Q q 0 0 0 rg BT 206.79 651.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 255.85 651.85 Td (is ) Tj ET Q q 0 0 0 rg BT 265.49 651.85 Td (then ) Tj ET Q q 0 0 0 rg BT 285.68 651.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 329.17 651.85 Td (by ) Tj ET Q q 0 0 0 rg BT 342.14 651.85 Td (determining ) Tj ET Q q 0 0 0 rg BT 393.43 651.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.62 651.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 442.14 651.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 458.98 651.85 Td (value ) Tj ET Q q 0 0 0 rg BT 483.61 651.85 Td (of ) Tj ET Q q 0 0 0 rg BT 494.91 651.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 533.43 651.85 Td (using ) Tj ET Q q 0 0 0 rg BT 558.07 651.85 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.85 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 102.01 639.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 140.62 639.85 Td (price ) Tj ET Q q 0 0 0 rg BT 163.69 639.85 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 208.69 639.85 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 258.42 639.85 Td (is ) Tj ET Q q 0 0 0 rg BT 268.17 639.85 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 312.90 639.85 Td (to ) Tj ET Q q 0 0 0 rg BT 323.76 639.85 Td (any ) Tj ET Q q 0 0 0 rg BT 341.27 639.85 Td (excess ) Tj ET Q q 0 0 0 rg BT 370.45 639.85 Td (of ) Tj ET Q q 0 0 0 rg BT 381.86 639.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 420.50 639.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 456.89 639.85 Td (value ) Tj ET Q q 0 0 0 rg BT 481.62 639.85 Td (over ) Tj ET Q q 0 0 0 rg BT 502.47 639.85 Td (its ) Tj ET Q q 0 0 0 rg BT 515.00 639.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 548.63 639.85 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.85 Td (value. ) Tj ET Q q 0 0 0 rg BT 75.97 627.85 Td (There ) Tj ET Q q 0 0 0 rg BT 101.79 627.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.72 627.85 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.72 627.85 Td ( ) Tj ET Q q 0 0 0 rg BT 136.22 627.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 184.82 627.85 Td (char) Tj ET Q q 0 0 0 rg BT 201.84 627.85 Td (ges ) Tj ET Q q 0 0 0 rg BT 217.67 627.85 Td (related ) Tj ET Q q 0 0 0 rg BT 247.38 627.85 Td (to ) Tj ET Q q 0 0 0 rg BT 257.65 627.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 295.71 627.85 Td (during ) Tj ET Q q 0 0 0 rg BT 324.32 627.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.04 627.85 Td (years ) Tj ET Q q 0 0 0 rg BT 362.63 627.85 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.51 627.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.01 627.85 Td (December ) Tj ET Q q 0 0 0 rg BT 432.60 627.85 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 627.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.60 627.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.60 627.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.60 627.85 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.60 627.85 Td (, ) Tj ET Q q 0 0 0 rg BT 497.60 627.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.53 627.85 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.53 627.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 605.95 Td (The ) Tj ET Q q 0 0 0 rg BT 91.35 605.95 Td (process ) Tj ET Q q 0 0 0 rg BT 124.65 605.95 Td (of ) Tj ET Q q 0 0 0 rg BT 136.28 605.95 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 181.24 605.95 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 605.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 235.06 605.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.46 605.95 Td (of ) Tj ET Q q 0 0 0 rg BT 296.10 605.95 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 334.96 605.95 Td (requires ) Tj ET Q q 0 0 0 rg BT 370.47 605.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 415.99 605.95 Td (judgment ) Tj ET Q q 0 0 0 rg BT 457.07 605.95 Td (at ) Tj ET Q q 0 0 0 rg BT 467.59 605.95 Td (many ) Tj ET Q q 0 0 0 rg BT 493.12 605.95 Td (points ) Tj ET Q q 0 0 0 rg BT 520.87 605.95 Td (during ) Tj ET Q q 0 0 0 rg BT 550.28 605.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.95 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 86.07 593.95 Td (including ) Tj ET Q q 0 0 0 rg BT 125.70 593.95 Td (calculating ) Tj ET Q q 0 0 0 rg BT 171.42 593.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 187.15 593.95 Td (value ) Tj ET Q q 0 0 0 rg BT 210.65 593.95 Td (of ) Tj ET Q q 0 0 0 rg BT 220.84 593.95 Td (the ) Tj ET Q q 0 0 0 rg BT 234.91 593.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 273.42 593.95 Td (unit ) Tj ET Q q 0 0 0 rg BT 290.83 593.95 Td (based ) Tj ET Q q 0 0 0 rg BT 315.45 593.95 Td (on ) Tj ET Q q 0 0 0 rg BT 327.30 593.95 Td (estimated ) Tj ET Q q 0 0 0 rg BT 367.47 593.95 Td (future ) Tj ET Q q 0 0 0 rg BT 393.20 593.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.83 593.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 436.90 593.95 Td (and ) Tj ET Q q 0 0 0 rg BT 453.19 593.95 Td (discount ) Tj ET Q q 0 0 0 rg BT 488.93 593.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 509.66 593.95 Td (to ) Tj ET Q q 0 0 0 rg BT 519.29 593.95 Td (be ) Tj ET Q q 0 0 0 rg BT 530.58 593.95 Td (applied.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 567.65 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 106.42 567.65 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 551.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 116.47 551.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 143.24 551.25 Td (are ) Tj ET Q q 0 0 0 rg BT 158.87 551.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 185.63 551.25 Td (at ) Tj ET Q q 0 0 0 rg BT 196.28 551.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 215.82 551.25 Td (less ) Tj ET Q q 0 0 0 rg BT 234.25 551.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 288.21 551.25 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 344.68 551.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 388.65 551.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.41 551.25 Td (include ) Tj ET Q q 0 0 0 rg BT 448.28 551.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 492.80 551.25 Td (technology) Tj ET Q q 0 0 0 rg BT 536.59 551.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.52 551.25 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (names ) Tj ET Q q 0 0 0 rg BT 77.27 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.94 539.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 132.82 539.25 Td (lists ) Tj ET Q q 0 0 0 rg BT 151.17 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.84 539.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 208.66 539.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 251.43 539.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 276.99 539.25 Td (with ) Tj ET Q q 0 0 0 rg BT 296.99 539.25 Td (finite ) Tj ET Q q 0 0 0 rg BT 320.33 539.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 341.44 539.25 Td (are ) Tj ET Q q 0 0 0 rg BT 355.88 539.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 398.08 539.25 Td (on ) Tj ET Q q 0 0 0 rg BT 410.31 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.98 539.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 467.53 539.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 489.75 539.25 Td (over ) Tj ET Q q 0 0 0 rg BT 509.75 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.20 539.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.44 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.27 527.25 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 125.03 527.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.86 527.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 504.75 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 504.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 474.75 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 474.75 68.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 494.42 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.55 494.42 Td (2-5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 479.42 Td (Trade names with finite lives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.55 479.42 Td (2-3 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 464.42 Td (Customer lists and contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.55 464.42 Td (4-9 years) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 438.35 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 115.69 438.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 141.68 438.35 Td (with ) Tj ET Q q 0 0 0 rg BT 162.11 438.35 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 203.08 438.35 Td (useful ) Tj ET Q q 0 0 0 rg BT 230.17 438.35 Td (lives, ) Tj ET Q q 0 0 0 rg BT 254.21 438.35 Td (including ) Tj ET Q q 0 0 0 rg BT 294.64 438.35 Td (the ) Tj ET Q q 0 0 0 rg BT 308.92 438.35 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 344.35 438.35 Td (trade ) Tj ET Q q 0 0 0 rg BT 366.99 438.35 Td (name, ) Tj ET Q q 0 0 0 rg BT 393.80 438.35 Td (are ) Tj ET Q q 0 0 0 rg BT 408.66 438.35 Td (stated ) Tj ET Q q 0 0 0 rg BT 434.64 438.35 Td (at ) Tj ET Q q 0 0 0 rg BT 444.51 438.35 Td (cost. ) Tj ET Q q 0 0 0 rg BT 465.58 438.35 Td (The ) Tj ET Q q 0 0 0 rg BT 483.78 438.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.32 438.35 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.35 Td (the ) Tj ET Q q 0 0 0 rg BT 63.72 426.35 Td (remaining ) Tj ET Q q 0 0 0 rg BT 106.27 426.35 Td (useful ) Tj ET Q q 0 0 0 rg BT 132.71 426.35 Td (life ) Tj ET Q q 0 0 0 rg BT 148.04 426.35 Td (of ) Tj ET Q q 0 0 0 rg BT 158.37 426.35 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 222.02 426.35 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.02 426.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 289.35 426.35 Td (each ) Tj ET Q q 0 0 0 rg BT 309.67 426.35 Td (reporting ) Tj ET Q q 0 0 0 rg BT 348.33 426.35 Td (period ) Tj ET Q q 0 0 0 rg BT 375.88 426.35 Td (to ) Tj ET Q q 0 0 0 rg BT 385.67 426.35 Td (determine ) Tj ET Q q 0 0 0 rg BT 427.65 426.35 Td (whether ) Tj ET Q q 0 0 0 rg BT 461.86 426.35 Td (events ) Tj ET Q q 0 0 0 rg BT 489.41 426.35 Td (and ) Tj ET Q q 0 0 0 rg BT 505.86 426.35 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.35 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.43 414.35 Td (to ) Tj ET Q q 0 0 0 rg BT 96.71 414.35 Td (support ) Tj ET Q q 0 0 0 rg BT 129.21 414.35 Td (an ) Tj ET Q q 0 0 0 rg BT 141.15 414.35 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 181.97 414.35 Td (useful ) Tj ET Q q 0 0 0 rg BT 208.91 414.35 Td (life.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 392.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.54 392.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.92 392.45 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 168.62 392.45 Td (its ) Tj ET Q q 0 0 0 rg BT 179.56 392.45 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 225.48 392.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 266.96 392.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 291.79 392.45 Td (for ) Tj ET Q q 0 0 0 rg BT 304.94 392.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.53 392.45 Td (whenever ) Tj ET Q q 0 0 0 rg BT 392.89 392.45 Td (events ) Tj ET Q q 0 0 0 rg BT 419.93 392.45 Td (or ) Tj ET Q q 0 0 0 rg BT 429.75 392.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 463.45 392.45 Td (in ) Tj ET Q q 0 0 0 rg BT 472.73 392.45 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.86 392.45 Td (indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.45 Td (that ) Tj ET Q q 0 0 0 rg BT 67.53 380.45 Td (the ) Tj ET Q q 0 0 0 rg BT 82.78 380.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 119.14 380.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 152.17 380.45 Td (of ) Tj ET Q q 0 0 0 rg BT 163.53 380.45 Td (such ) Tj ET Q q 0 0 0 rg BT 184.90 380.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.27 380.45 Td (may ) Tj ET Q q 0 0 0 rg BT 231.52 380.45 Td (not ) Tj ET Q q 0 0 0 rg BT 247.33 380.45 Td (be ) Tj ET Q q 0 0 0 rg BT 259.81 380.45 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 311.97 380.45 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 373.88 380.45 Td (of ) Tj ET Q q 0 0 0 rg BT 385.24 380.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.61 380.45 Td (to ) Tj ET Q q 0 0 0 rg BT 422.42 380.45 Td (be ) Tj ET Q q 0 0 0 rg BT 434.90 380.45 Td (held ) Tj ET Q q 0 0 0 rg BT 455.15 380.45 Td (and ) Tj ET Q q 0 0 0 rg BT 472.63 380.45 Td (used ) Tj ET Q q 0 0 0 rg BT 493.99 380.45 Td (is ) Tj ET Q q 0 0 0 rg BT 503.70 380.45 Td (measured ) Tj ET Q q 0 0 0 rg BT 545.05 380.45 Td (by ) Tj ET Q q 0 0 0 rg BT 558.09 380.45 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.45 Td (comparison ) Tj ET Q q 0 0 0 rg BT 98.79 368.45 Td (of ) Tj ET Q q 0 0 0 rg BT 109.76 368.45 Td (the ) Tj ET Q q 0 0 0 rg BT 124.62 368.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 160.57 368.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.20 368.45 Td (of ) Tj ET Q q 0 0 0 rg BT 204.17 368.45 Td (an ) Tj ET Q q 0 0 0 rg BT 216.25 368.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 238.33 368.45 Td (or ) Tj ET Q q 0 0 0 rg BT 249.29 368.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 271.37 368.45 Td (group ) Tj ET Q q 0 0 0 rg BT 297.34 368.45 Td (to ) Tj ET Q q 0 0 0 rg BT 307.75 368.45 Td (future ) Tj ET Q q 0 0 0 rg BT 334.27 368.45 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 390.23 368.45 Td (net ) Tj ET Q q 0 0 0 rg BT 405.09 368.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.50 368.45 Td (flows ) Tj ET Q q 0 0 0 rg BT 450.35 368.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 488.53 368.45 Td (to ) Tj ET Q q 0 0 0 rg BT 498.94 368.45 Td (be ) Tj ET Q q 0 0 0 rg BT 511.02 368.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 552.52 368.45 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.99 356.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 87.70 356.45 Td (or ) Tj ET Q q 0 0 0 rg BT 99.31 356.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 122.02 356.45 Td (group. ) Tj ET Q q 0 0 0 rg BT 151.12 356.45 Td (If ) Tj ET Q q 0 0 0 rg BT 161.06 356.45 Td (such ) Tj ET Q q 0 0 0 rg BT 182.66 356.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 209.27 356.45 Td (or ) Tj ET Q q 0 0 0 rg BT 220.87 356.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.58 356.45 Td (groups ) Tj ET Q q 0 0 0 rg BT 274.08 356.45 Td (are ) Tj ET Q q 0 0 0 rg BT 289.56 356.45 Td (considered ) Tj ET Q q 0 0 0 rg BT 336.15 356.45 Td (to ) Tj ET Q q 0 0 0 rg BT 347.20 356.45 Td (be ) Tj ET Q q 0 0 0 rg BT 359.91 356.45 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 401.23 356.45 Td (the ) Tj ET Q q 0 0 0 rg BT 416.72 356.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 466.09 356.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 484.93 356.45 Td (to ) Tj ET Q q 0 0 0 rg BT 495.98 356.45 Td (be ) Tj ET Q q 0 0 0 rg BT 508.69 356.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 555.83 356.45 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.45 Td (measured ) Tj ET Q q 0 0 0 rg BT 90.54 344.45 Td (by ) Tj ET Q q 0 0 0 rg BT 103.26 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.20 344.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 150.92 344.45 Td (by ) Tj ET Q q 0 0 0 rg BT 163.64 344.45 Td (which ) Tj ET Q q 0 0 0 rg BT 190.80 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 205.74 344.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 241.78 344.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 278.38 344.45 Td (of ) Tj ET Q q 0 0 0 rg BT 289.44 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 304.38 344.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.43 344.45 Td (or ) Tj ET Q q 0 0 0 rg BT 341.48 344.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 363.64 344.45 Td (groups ) Tj ET Q q 0 0 0 rg BT 393.58 344.45 Td (exceed ) Tj ET Q q 0 0 0 rg BT 424.06 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 439.00 344.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 455.60 344.45 Td (value ) Tj ET Q q 0 0 0 rg BT 479.98 344.45 Td (of ) Tj ET Q q 0 0 0 rg BT 491.03 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 505.97 344.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.02 344.45 Td (or ) Tj ET Q q 0 0 0 rg BT 543.07 344.45 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.45 Td (groups. ) Tj ET Q q 0 0 0 rg BT 80.58 332.45 Td (Assets ) Tj ET Q q 0 0 0 rg BT 108.44 332.45 Td (to ) Tj ET Q q 0 0 0 rg BT 117.96 332.45 Td (be ) Tj ET Q q 0 0 0 rg BT 129.15 332.45 Td (disposed ) Tj ET Q q 0 0 0 rg BT 165.89 332.45 Td (of ) Tj ET Q q 0 0 0 rg BT 175.97 332.45 Td (are ) Tj ET Q q 0 0 0 rg BT 189.92 332.45 Td (reported ) Tj ET Q q 0 0 0 rg BT 224.98 332.45 Td (at ) Tj ET Q q 0 0 0 rg BT 233.95 332.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.91 332.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 272.42 332.45 Td (of ) Tj ET Q q 0 0 0 rg BT 282.50 332.45 Td (the ) Tj ET Q q 0 0 0 rg BT 296.46 332.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 331.52 332.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 363.26 332.45 Td (and ) Tj ET Q q 0 0 0 rg BT 379.45 332.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 395.07 332.45 Td (value ) Tj ET Q q 0 0 0 rg BT 418.47 332.45 Td (less ) Tj ET Q q 0 0 0 rg BT 435.22 332.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.96 332.45 Td (to ) Tj ET Q q 0 0 0 rg BT 466.49 332.45 Td (sell. ) Tj ET Q q 0 0 0 rg BT 484.62 332.45 Td (Except ) Tj ET Q q 0 0 0 rg BT 514.13 332.45 Td (as ) Tj ET Q q 0 0 0 rg BT 524.20 332.45 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.45 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 320.45 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.72 320.45 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.72 320.45 Td (, ) Tj ET Q q 0 0 0 rg BT 91.72 320.45 Td (there ) Tj ET Q q 0 0 0 rg BT 114.20 320.45 Td (has ) Tj ET Q q 0 0 0 rg BT 130.03 320.45 Td (been ) Tj ET Q q 0 0 0 rg BT 151.41 320.45 Td (no ) Tj ET Q q 0 0 0 rg BT 163.91 320.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.97 320.45 Td (on ) Tj ET Q q 0 0 0 rg BT 194.47 320.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.07 320.45 Td (or ) Tj ET Q q 0 0 0 rg BT 253.90 320.45 Td (disposal ) Tj ET Q q 0 0 0 rg BT 289.18 320.45 Td (of ) Tj ET Q q 0 0 0 rg BT 300.01 320.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 342.50 320.45 Td (assets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 294.15 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 112.90 294.15 Td (of ) Tj ET Q q 0 0 0 rg BT 123.73 294.15 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 173.62 294.15 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 277.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.65 277.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.13 277.75 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 177.94 277.75 Td (its ) Tj ET Q q 0 0 0 rg BT 191.98 277.75 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 237.69 277.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.62 277.75 Td (for ) Tj ET Q q 0 0 0 rg BT 281.88 277.75 Td (indications ) Tj ET Q q 0 0 0 rg BT 330.36 277.75 Td (of ) Tj ET Q q 0 0 0 rg BT 343.29 277.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 380.67 277.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 431.37 277.75 Td (whenever ) Tj ET Q q 0 0 0 rg BT 474.83 277.75 Td (events ) Tj ET Q q 0 0 0 rg BT 504.98 277.75 Td (or ) Tj ET Q q 0 0 0 rg BT 517.91 277.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.72 277.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.34 265.75 Td (indicate ) Tj ET Q q 0 0 0 rg BT 142.19 265.75 Td (that ) Tj ET Q q 0 0 0 rg BT 159.39 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.81 265.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 209.32 265.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 241.52 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 252.05 265.75 Td (an ) Tj ET Q q 0 0 0 rg BT 263.69 265.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.33 265.75 Td (may ) Tj ET Q q 0 0 0 rg BT 304.75 265.75 Td (not ) Tj ET Q q 0 0 0 rg BT 319.73 265.75 Td (be ) Tj ET Q q 0 0 0 rg BT 331.37 265.75 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 382.70 265.75 Td (Except ) Tj ET Q q 0 0 0 rg BT 412.67 265.75 Td (for ) Tj ET Q q 0 0 0 rg BT 426.53 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 440.94 265.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 489.24 265.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 515.34 265.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 552.51 265.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.75 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 99.34 253.75 Td (software ) Tj ET Q q 0 0 0 rg BT 136.40 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 153.48 253.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 196.11 253.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 222.07 253.75 Td (described ) Tj ET Q q 0 0 0 rg BT 263.03 253.75 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 305.64 253.75 Td (in ) Tj ET Q q 0 0 0 rg BT 316.05 253.75 Td (this ) Tj ET Q q 0 0 0 rg BT 333.14 253.75 Td (note, ) Tj ET Q q 0 0 0 rg BT 355.49 253.75 Td (there ) Tj ET Q q 0 0 0 rg BT 378.11 253.75 Td (has ) Tj ET Q q 0 0 0 rg BT 394.08 253.75 Td (been ) Tj ET Q q 0 0 0 rg BT 415.59 253.75 Td (no ) Tj ET Q q 0 0 0 rg BT 428.23 253.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 446.43 253.75 Td (on ) Tj ET Q q 0 0 0 rg BT 459.07 253.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 507.80 253.75 Td (or ) Tj ET Q q 0 0 0 rg BT 518.77 253.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 554.18 253.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.75 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 93.10 241.75 Td (assets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 215.45 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 99.55 215.45 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 199.05 Td (The ) Tj ET Q q 0 0 0 rg BT 91.45 199.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.74 199.05 Td (generates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.89 199.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.83 199.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 254.45 199.05 Td (from ) Tj ET Q q 0 0 0 rg BT 277.29 199.05 Td (transaction-based ) Tj ET Q q 0 0 0 rg BT 350.66 199.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 370.16 199.05 Td (and ) Tj ET Q q 0 0 0 rg BT 388.00 199.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 407.50 199.05 Td (for ) Tj ET Q q 0 0 0 rg BT 422.57 199.05 Td (software ) Tj ET Q q 0 0 0 rg BT 460.40 199.05 Td (and ) Tj ET Q q 0 0 0 rg BT 478.24 199.05 Td (related ) Tj ET Q q 0 0 0 rg BT 508.84 199.05 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.55 199.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.95 199.05 Td (On-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.05 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.37 187.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 121.12 187.05 Td (are ) Tj ET Q q 0 0 0 rg BT 135.54 187.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 173.28 187.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 214.36 187.05 Td (from ) Tj ET Q q 0 0 0 rg BT 236.01 187.05 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 304.31 187.05 Td (software ) Tj ET Q q 0 0 0 rg BT 340.96 187.05 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 395.95 187.05 Td (that ) Tj ET Q q 0 0 0 rg BT 413.15 187.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 455.91 187.05 Td (access ) Tj ET Q q 0 0 0 rg BT 483.66 187.05 Td (through ) Tj ET Q q 0 0 0 rg BT 516.98 187.05 Td (the ) Tj ET Q q 0 0 0 rg BT 531.41 187.05 Td (Internet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.62 175.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 104.84 175.05 Td (from ) Tj ET Q q 0 0 0 rg BT 126.96 175.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 170.19 175.05 Td (that ) Tj ET Q q 0 0 0 rg BT 187.87 175.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 204.99 175.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 223.77 175.05 Td (based ) Tj ET Q q 0 0 0 rg BT 249.22 175.05 Td (on ) Tj ET Q q 0 0 0 rg BT 261.90 175.05 Td (a ) Tj ET Q q 0 0 0 rg BT 269.02 175.05 Td (per ) Tj ET Q q 0 0 0 rg BT 284.47 175.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 312.70 175.05 Td (loan, ) Tj ET Q q 0 0 0 rg BT 335.10 175.05 Td (or ) Tj ET Q q 0 0 0 rg BT 346.11 175.05 Td (success, ) Tj ET Q q 0 0 0 rg BT 381.28 175.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 403.97 175.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 434.97 175.05 Td (to ) Tj ET Q q 0 0 0 rg BT 445.43 175.05 Td (monthly ) Tj ET Q q 0 0 0 rg BT 481.45 175.05 Td (base ) Tj ET Q q 0 0 0 rg BT 501.90 175.05 Td (fees, ) Tj ET Q q 0 0 0 rg BT 523.18 175.05 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.62 175.05 Td ( ) Tj ET Q q 0 0 0 rg BT 550.30 175.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 93.18 163.05 Td (refers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.73 163.05 Td (to ) Tj ET Q q 0 0 0 rg BT 133.30 163.05 Td (as ) Tj ET Q q 0 0 0 rg BT 146.42 163.05 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 210.64 163.05 Td (Pricing. ) Tj ET Q q 0 0 0 rg BT 245.75 163.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 295.66 163.05 Td (, ) Tj ET Q q 0 0 0 rg BT 302.95 163.05 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 352.72 163.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 393.05 163.05 Td (are ) Tj ET Q q 0 0 0 rg BT 410.05 163.05 Td (comprised ) Tj ET Q q 0 0 0 rg BT 456.49 163.05 Td (of ) Tj ET Q q 0 0 0 rg BT 469.62 163.05 Td (software ) Tj ET Q q 0 0 0 rg BT 508.83 163.05 Td (services ) Tj ET Q q 0 0 0 rg BT 545.83 163.05 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.05 Td (transactionally; ) Tj ET Q q 0 0 0 rg BT 113.13 151.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 134.00 151.05 Td (Mae ) Tj ET Q q 0 0 0 rg BT 153.76 151.05 Td (Network ) Tj ET Q q 0 0 0 rg BT 190.74 151.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 236.59 151.05 Td (fees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.47 151.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.46 151.05 Td (education ) Tj ET Q q 0 0 0 rg BT 298.32 151.05 Td (and ) Tj ET Q q 0 0 0 rg BT 314.74 151.05 Td (training, ) Tj ET Q q 0 0 0 rg BT 350.33 151.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 369.54 151.05 Td (product ) Tj ET Q q 0 0 0 rg BT 402.07 151.05 Td (and ) Tj ET Q q 0 0 0 rg BT 418.50 151.05 Td (guideline ) Tj ET Q q 0 0 0 rg BT 457.70 151.05 Td (data ) Tj ET Q q 0 0 0 rg BT 476.34 151.05 Td (and ) Tj ET Q q 0 0 0 rg BT 492.77 151.05 Td (analytics ) Tj ET Q q 0 0 0 rg BT 530.30 151.05 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.05 Td (under ) Tj ET Q q 0 0 0 rg BT 74.88 139.05 Td (the ) Tj ET Q q 0 0 0 rg BT 89.12 139.05 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 124.51 139.05 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.28 139.05 Td (; ) Tj ET Q q 0 0 0 rg BT 152.66 139.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.71 139.05 Td (professional ) Tj ET Q q 0 0 0 rg BT 221.19 139.05 Td (services ) Tj ET Q q 0 0 0 rg BT 256.00 139.05 Td (which ) Tj ET Q q 0 0 0 rg BT 283.05 139.05 Td (include ) Tj ET Q q 0 0 0 rg BT 315.09 139.05 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 361.86 139.05 Td (implementation ) Tj ET Q q 0 0 0 rg BT 427.23 139.05 Td (and ) Tj ET Q q 0 0 0 rg BT 444.27 139.05 Td (training ) Tj ET Q q 0 0 0 rg BT 477.98 139.05 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.69 139.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 139.05 Td (On-premise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 86.89 127.05 Td (are ) Tj ET Q q 0 0 0 rg BT 100.95 127.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 138.34 127.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 179.05 127.05 Td (from ) Tj ET Q q 0 0 0 rg BT 200.34 127.05 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 252.72 127.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 289.28 127.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 310.57 127.05 Td (of ) Tj ET Q q 0 0 0 rg BT 320.75 127.05 Td (customer) Tj ET Q q 0 0 0 rg BT 357.21 127.05 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 388.50 127.05 Td (software ) Tj ET Q q 0 0 0 rg BT 424.78 127.05 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 460.79 127.05 Td (and ) Tj ET Q q 0 0 0 rg BT 477.08 127.05 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.81 127.05 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 127.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.05 Td (Sales ) Tj ET Q q 0 0 0 rg BT 73.11 115.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 96.16 115.05 Td (assessed ) Tj ET Q q 0 0 0 rg BT 132.54 115.05 Td (by ) Tj ET Q q 0 0 0 rg BT 145.04 115.05 Td (governmental ) Tj ET Q q 0 0 0 rg BT 202.52 115.05 Td (authorities ) Tj ET Q q 0 0 0 rg BT 247.23 115.05 Td (are ) Tj ET Q q 0 0 0 rg BT 261.94 115.05 Td (excluded ) Tj ET Q q 0 0 0 rg BT 300.53 115.05 Td (from ) Tj ET Q q 0 0 0 rg BT 322.47 115.05 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 98.65 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 98.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.93 98.65 Td (commences ) Tj ET Q q 0 0 0 rg BT 181.64 98.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 215.78 98.65 Td (recognition ) Tj ET Q q 0 0 0 rg BT 263.82 98.65 Td (when ) Tj ET Q q 0 0 0 rg BT 287.98 98.65 Td (all ) Tj ET Q q 0 0 0 rg BT 300.48 98.65 Td (of ) Tj ET Q q 0 0 0 rg BT 311.31 98.65 Td (the ) Tj ET Q q 0 0 0 rg BT 326.03 98.65 Td (following ) Tj ET Q q 0 0 0 rg BT 367.41 98.65 Td (conditions ) Tj ET Q q 0 0 0 rg BT 411.58 98.65 Td (are ) Tj ET Q q 0 0 0 rg BT 426.28 98.65 Td (satisfied:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 82.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 82.25 Td (There ) Tj ET Q q 0 0 0 rg BT 147.32 82.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.49 82.25 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 201.19 82.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 239.22 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.05 82.25 Td (an ) Tj ET Q q 0 0 0 rg BT 261.99 82.25 Td (arrangement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 65.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 65.85 Td (The ) Tj ET Q q 0 0 0 rg BT 139.55 65.85 Td (service ) Tj ET Q q 0 0 0 rg BT 170.36 65.85 Td (has ) Tj ET Q q 0 0 0 rg BT 186.19 65.85 Td (been ) Tj ET Q q 0 0 0 rg BT 207.57 65.85 Td (or ) Tj ET Q q 0 0 0 rg BT 218.40 65.85 Td (is ) Tj ET Q q 0 0 0 rg BT 227.57 65.85 Td (being ) Tj ET Q q 0 0 0 rg BT 252.29 65.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 290.33 65.85 Td (to ) Tj ET Q q 0 0 0 rg BT 300.61 65.85 Td (the ) Tj ET Q q 0 0 0 rg BT 315.33 65.85 Td (customer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 49.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 49.45 Td (The ) Tj ET Q q 0 0 0 rg BT 139.55 49.45 Td (collection ) Tj ET Q q 0 0 0 rg BT 181.48 49.45 Td (of ) Tj ET Q q 0 0 0 rg BT 192.31 49.45 Td (the ) Tj ET Q q 0 0 0 rg BT 207.02 49.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 225.62 49.45 Td (is ) Tj ET Q q 0 0 0 rg BT 234.79 49.45 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 280.61 49.45 Td (assured; ) Tj ET Q q 0 0 0 rg BT 315.88 49.45 Td (and) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 139.55 740.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 172.04 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.87 740.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 201.47 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.75 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.69 740.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 243.40 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 255.90 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.62 740.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 309.78 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 318.95 740.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 341.99 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.82 740.10 Td (determinable.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 712.23505859375 m 166.5517578125 712.23505859375 l s q 0 0 0 rg BT 73.50 713.80 Td (On-Demand ) Tj ET Q q 0 0 0 rg BT 127.11 713.80 Td (Revenues) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 692.80 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 127.32 692.80 Td (Services ) Tj ET Q q 0 0 0 rg BT 165.39 692.80 Td (and ) Tj ET Q q 0 0 0 rg BT 185.15 692.80 Td (Usage-Based ) Tj ET Q q 0 0 0 rg BT 243.24 692.80 Td (Fee ) Tj ET Q q 0 0 0 rg BT 262.64 692.80 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.80 692.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.56 692.80 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 381.88 692.80 Td (services ) Tj ET Q q 0 0 0 rg BT 418.84 692.80 Td (and ) Tj ET Q q 0 0 0 rg BT 438.04 692.80 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 491.67 692.80 Td (fee ) Tj ET Q q 0 0 0 rg BT 508.64 692.80 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.97 680.80 Td (include ) Tj ET Q q 0 0 0 rg BT 122.66 680.80 Td (a ) Tj ET Q q 0 0 0 rg BT 130.36 680.80 Td (combination ) Tj ET Q q 0 0 0 rg BT 183.62 680.80 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.95 680.80 Td ( ) Tj ET Q q 0 0 0 rg BT 195.21 680.80 Td (the ) Tj ET Q q 0 0 0 rg BT 210.69 680.80 Td (Company) Tj ET Q q 0 0 0 rg BT 252.36 680.80 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.51 680.80 Td (products ) Tj ET Q q 0 0 0 rg BT 297.21 680.80 Td (delivered ) Tj ET Q q 0 0 0 rg BT 337.68 680.80 Td (as ) Tj ET Q q 0 0 0 rg BT 349.27 680.80 Td (software-as-a-service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.77 680.80 Td ( ) Tj ET Q q 0 0 0 rg BT 438.04 680.80 Td (\(SaaS\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.84 680.80 Td (and ) Tj ET Q q 0 0 0 rg BT 494.54 680.80 Td (support ) Tj ET Q q 0 0 0 rg BT 527.80 680.80 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.80 Td (These ) Tj ET Q q 0 0 0 rg BT 75.51 668.80 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 131.50 668.80 Td (are ) Tj ET Q q 0 0 0 rg BT 145.84 668.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 185.17 668.80 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 247.82 668.80 Td (and ) Tj ET Q q 0 0 0 rg BT 264.39 668.80 Td (do ) Tj ET Q q 0 0 0 rg BT 276.52 668.80 Td (not ) Tj ET Q q 0 0 0 rg BT 291.43 668.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 323.00 668.80 Td (refund-type ) Tj ET Q q 0 0 0 rg BT 371.78 668.80 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 417.92 668.80 Td (These ) Tj ET Q q 0 0 0 rg BT 443.93 668.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 481.60 668.80 Td (typically ) Tj ET Q q 0 0 0 rg BT 518.72 668.80 Td (include ) Tj ET Q q 0 0 0 rg BT 550.29 668.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.80 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.17 656.80 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 635.80 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 116.77 635.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 164.60 635.80 Td (Revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.85 635.80 Td ( ) Tj ET Q q 0 0 0 rg BT 206.96 635.80 Td (The ) Tj ET Q q 0 0 0 rg BT 224.78 635.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.94 635.80 Td (of) Tj ET Q q 0 0 0 rg BT 274.09 635.80 Td (fers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.35 635.80 Td (web-based, ) Tj ET Q q 0 0 0 rg BT 338.88 635.80 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 386.14 635.80 Td (access ) Tj ET Q q 0 0 0 rg BT 413.95 635.80 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.73 635.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 635.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 471.82 635.80 Td (software ) Tj ET Q q 0 0 0 rg BT 508.53 635.80 Td (for ) Tj ET Q q 0 0 0 rg BT 522.46 635.80 Td (a ) Tj ET Q q 0 0 0 rg BT 529.17 635.80 Td (monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 623.80 Td (recurring ) Tj ET Q q 0 0 0 rg BT 112.24 623.80 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.95 623.80 Td ( ) Tj ET Q q 0 0 0 rg BT 130.29 623.80 Td (The ) Tj ET Q q 0 0 0 rg BT 149.44 623.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.92 623.80 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.96 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 245.77 623.80 Td (right ) Tj ET Q q 0 0 0 rg BT 268.26 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 279.64 623.80 Td (access) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.17 623.80 Td ( ) Tj ET Q q 0 0 0 rg BT 308.77 623.80 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.82 623.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 342.63 623.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 390.11 623.80 Td (software ) Tj ET Q q 0 0 0 rg BT 428.14 623.80 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.58 623.80 Td ( ) Tj ET Q q 0 0 0 rg BT 446.18 623.80 Td (handles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.32 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 496.14 623.80 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 554.18 623.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 611.80 Td (managing ) Tj ET Q q 0 0 0 rg BT 114.32 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 129.42 611.80 Td (servers, ) Tj ET Q q 0 0 0 rg BT 163.12 611.80 Td (providing ) Tj ET Q q 0 0 0 rg BT 204.89 611.80 Td (security) Tj ET Q q 0 0 0 rg BT 235.89 611.80 Td (, ) Tj ET Q q 0 0 0 rg BT 241.27 611.80 Td (backing ) Tj ET Q q 0 0 0 rg BT 275.81 611.80 Td (up ) Tj ET Q q 0 0 0 rg BT 288.69 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 303.79 611.80 Td (data ) Tj ET Q q 0 0 0 rg BT 323.33 611.80 Td (and ) Tj ET Q q 0 0 0 rg BT 340.65 611.80 Td (applying ) Tj ET Q q 0 0 0 rg BT 378.53 611.80 Td (updates. ) Tj ET Q q 0 0 0 rg BT 414.46 611.80 Td (Customers ) Tj ET Q q 0 0 0 rg BT 460.12 611.80 Td (under ) Tj ET Q q 0 0 0 rg BT 485.77 611.80 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 508.65 611.80 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 599.80 Td (may ) Tj ET Q q 0 0 0 rg BT 91.49 599.80 Td (not ) Tj ET Q q 0 0 0 rg BT 106.54 599.80 Td (take ) Tj ET Q q 0 0 0 rg BT 125.47 599.80 Td (possession ) Tj ET Q q 0 0 0 rg BT 170.52 599.80 Td (of ) Tj ET Q q 0 0 0 rg BT 181.12 599.80 Td (the ) Tj ET Q q 0 0 0 rg BT 195.61 599.80 Td (software ) Tj ET Q q 0 0 0 rg BT 232.31 599.80 Td (at ) Tj ET Q q 0 0 0 rg BT 241.80 599.80 Td (any ) Tj ET Q q 0 0 0 rg BT 258.51 599.80 Td (time ) Tj ET Q q 0 0 0 rg BT 278.56 599.80 Td (during ) Tj ET Q q 0 0 0 rg BT 306.94 599.80 Td (the ) Tj ET Q q 0 0 0 rg BT 321.43 599.80 Td (term ) Tj ET Q q 0 0 0 rg BT 342.02 599.80 Td (of ) Tj ET Q q 0 0 0 rg BT 352.63 599.80 Td (the ) Tj ET Q q 0 0 0 rg BT 367.11 599.80 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.26 599.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.53 599.80 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 466.36 599.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 504.17 599.80 Td (are ) Tj ET Q q 0 0 0 rg BT 518.64 599.80 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 587.80 Td (ratably ) Tj ET Q q 0 0 0 rg BT 101.83 587.80 Td (over ) Tj ET Q q 0 0 0 rg BT 121.67 587.80 Td (the ) Tj ET Q q 0 0 0 rg BT 135.95 587.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 170.22 587.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 194.50 587.80 Td (as ) Tj ET Q q 0 0 0 rg BT 204.90 587.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 255.85 587.80 Td (services ) Tj ET Q q 0 0 0 rg BT 290.13 587.80 Td (are ) Tj ET Q q 0 0 0 rg BT 304.40 587.80 Td (provided, ) Tj ET Q q 0 0 0 rg BT 344.51 587.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 386.58 587.80 Td (on ) Tj ET Q q 0 0 0 rg BT 398.64 587.80 Td (the ) Tj ET Q q 0 0 0 rg BT 412.93 587.80 Td (commencement ) Tj ET Q q 0 0 0 rg BT 478.30 587.80 Td (date ) Tj ET Q q 0 0 0 rg BT 497.02 587.80 Td (of ) Tj ET Q q 0 0 0 rg BT 507.42 587.80 Td (each ) Tj ET Q q 0 0 0 rg BT 527.80 587.80 Td (contract, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 575.80 Td (which ) Tj ET Q q 0 0 0 rg BT 99.47 575.80 Td (is ) Tj ET Q q 0 0 0 rg BT 109.17 575.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.42 575.80 Td (date ) Tj ET Q q 0 0 0 rg BT 144.11 575.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.35 575.80 Td (Company) Tj ET Q q 0 0 0 rg BT 201.02 575.80 Td (s ) Tj ET Q q 0 0 0 rg BT 207.94 575.80 Td (service ) Tj ET Q q 0 0 0 rg BT 239.29 575.80 Td (is ) Tj ET Q q 0 0 0 rg BT 248.99 575.80 Td (made ) Tj ET Q q 0 0 0 rg BT 273.68 575.80 Td (available ) Tj ET Q q 0 0 0 rg BT 312.80 575.80 Td (to ) Tj ET Q q 0 0 0 rg BT 323.61 575.80 Td (customers.Contracts ) Tj ET Q q 0 0 0 rg BT 410.51 575.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 450.74 575.80 Td (range ) Tj ET Q q 0 0 0 rg BT 475.98 575.80 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.42 575.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.45 575.80 Td (one ) Tj ET Q q 0 0 0 rg BT 515.92 575.80 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.13 575.80 Td ( ) Tj ET Q q 0 0 0 rg BT 536.16 575.80 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.97 575.80 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 563.80 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.10 563.80 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 542.80 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 146.61 542.80 Td (, ) Tj ET Q q 0 0 0 rg BT 151.94 542.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 195.32 542.80 Td (can ) Tj ET Q q 0 0 0 rg BT 212.03 542.80 Td (elect ) Tj ET Q q 0 0 0 rg BT 233.73 542.80 Td (to ) Tj ET Q q 0 0 0 rg BT 244.34 542.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 261.61 542.80 Td (on ) Tj ET Q q 0 0 0 rg BT 274.45 542.80 Td (a ) Tj ET Q q 0 0 0 rg BT 281.72 542.80 Td (success ) Tj ET Q q 0 0 0 rg BT 314.54 542.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 339.87 542.80 Td (Success ) Tj ET Q q 0 0 0 rg BT 374.36 542.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 397.20 542.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.12 542.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 476.16 542.80 Td (have ) Tj ET Q q 0 0 0 rg BT 497.86 542.80 Td (a ) Tj ET Q q 0 0 0 rg BT 505.13 542.80 Td (term ) Tj ET Q q 0 0 0 rg BT 526.29 542.80 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.62 542.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 542.80 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.89 542.80 Td ( ) Tj ET Q q 0 0 0 rg BT 554.72 542.80 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 530.80 Td (five ) Tj ET Q q 0 0 0 rg BT 89.04 530.80 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.14 530.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.63 530.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.56 530.80 Td (are ) Tj ET Q q 0 0 0 rg BT 141.26 530.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.07 530.80 Td (to ) Tj ET Q q 0 0 0 rg BT 180.34 530.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 215.17 530.80 Td (base ) Tj ET Q q 0 0 0 rg BT 234.43 530.80 Td (fees, ) Tj ET Q q 0 0 0 rg BT 254.52 530.80 Td (which ) Tj ET Q q 0 0 0 rg BT 280.45 530.80 Td (enable ) Tj ET Q q 0 0 0 rg BT 308.04 530.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 350.08 530.80 Td (to ) Tj ET Q q 0 0 0 rg BT 359.35 530.80 Td (close ) Tj ET Q q 0 0 0 rg BT 381.38 530.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 403.98 530.80 Td (up ) Tj ET Q q 0 0 0 rg BT 415.48 530.80 Td (to ) Tj ET Q q 0 0 0 rg BT 424.75 530.80 Td (a ) Tj ET Q q 0 0 0 rg BT 430.68 530.80 Td (contractually ) Tj ET Q q 0 0 0 rg BT 484.37 530.80 Td (agreed-to ) Tj ET Q q 0 0 0 rg BT 523.61 530.80 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 518.80 Td (number ) Tj ET Q q 0 0 0 rg BT 105.93 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 117.64 518.80 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 171.29 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 189.11 518.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 232.49 518.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 261.42 518.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 282.02 518.80 Td (fees, ) Tj ET Q q 0 0 0 rg BT 304.00 518.80 Td (which ) Tj ET Q q 0 0 0 rg BT 331.82 518.80 Td (are ) Tj ET Q q 0 0 0 rg BT 347.42 518.80 Td (assessed ) Tj ET Q q 0 0 0 rg BT 384.68 518.80 Td (for ) Tj ET Q q 0 0 0 rg BT 399.72 518.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 424.22 518.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 453.15 518.80 Td (in ) Tj ET Q q 0 0 0 rg BT 464.31 518.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 493.79 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 505.51 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 521.11 518.80 Td (minimum. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 506.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.57 506.80 Td (is ) Tj ET Q q 0 0 0 rg BT 118.82 506.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 148.05 506.80 Td (from ) Tj ET Q q 0 0 0 rg BT 170.08 506.80 Td (both ) Tj ET Q q 0 0 0 rg BT 190.44 506.80 Td (base ) Tj ET Q q 0 0 0 rg BT 210.79 506.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 229.48 506.80 Td (and ) Tj ET Q q 0 0 0 rg BT 246.50 506.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 289.07 506.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 317.21 506.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 337.01 506.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 355.69 506.80 Td (as ) Tj ET Q q 0 0 0 rg BT 366.60 506.80 Td (the ) Tj ET Q q 0 0 0 rg BT 381.41 506.80 Td (result ) Tj ET Q q 0 0 0 rg BT 406.21 506.80 Td (of ) Tj ET Q q 0 0 0 rg BT 417.12 506.80 Td (the ) Tj ET Q q 0 0 0 rg BT 431.92 506.80 Td (customer) Tj ET Q q 0 0 0 rg BT 468.95 506.80 Td () Tj ET Q q 0 0 0 rg BT 471.73 506.80 Td (s ) Tj ET Q q 0 0 0 rg BT 478.20 506.80 Td (usage ) Tj ET Q q 0 0 0 rg BT 503.56 506.80 Td (of ) Tj ET Q q 0 0 0 rg BT 514.47 506.80 Td (Encompass. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 494.80 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 109.98 494.80 Td (base ) Tj ET Q q 0 0 0 rg BT 131.28 494.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 150.91 494.80 Td (are ) Tj ET Q q 0 0 0 rg BT 166.65 494.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 214.04 494.80 Td (over ) Tj ET Q q 0 0 0 rg BT 235.34 494.80 Td (the ) Tj ET Q q 0 0 0 rg BT 251.09 494.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 295.16 494.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 332.02 494.80 Td (service ) Tj ET Q q 0 0 0 rg BT 363.87 494.80 Td (period ) Tj ET Q q 0 0 0 rg BT 392.95 494.80 Td (as ) Tj ET Q q 0 0 0 rg BT 404.81 494.80 Td (the ) Tj ET Q q 0 0 0 rg BT 420.56 494.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 472.98 494.80 Td (services ) Tj ET Q q 0 0 0 rg BT 508.72 494.80 Td (are ) Tj ET Q q 0 0 0 rg BT 524.46 494.80 Td (provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 482.80 Td (Additional ) Tj ET Q q 0 0 0 rg BT 117.56 482.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 145.90 482.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 169.80 482.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 188.69 482.80 Td (are ) Tj ET Q q 0 0 0 rg BT 203.69 482.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 250.34 482.80 Td (when ) Tj ET Q q 0 0 0 rg BT 274.79 482.80 Td (the ) Tj ET Q q 0 0 0 rg BT 289.80 482.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 313.70 482.80 Td (are ) Tj ET Q q 0 0 0 rg BT 328.69 482.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 364.80 482.80 Td (as ) Tj ET Q q 0 0 0 rg BT 375.92 482.80 Td (closed. ) Tj ET Q q 0 0 0 rg BT 406.56 482.80 Td (This ) Tj ET Q q 0 0 0 rg BT 427.13 482.80 Td (of) Tj ET Q q 0 0 0 rg BT 435.27 482.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 461.94 482.80 Td (also ) Tj ET Q q 0 0 0 rg BT 480.84 482.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 516.96 482.80 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 470.80 Td (CenterW) Tj ET Q q 0 0 0 rg BT 107.69 470.80 Td (ise, ) Tj ET Q q 0 0 0 rg BT 123.43 470.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 171.11 470.80 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 221.56 470.80 Td (Service ) Tj ET Q q 0 0 0 rg BT 253.68 470.80 Td (and ) Tj ET Q q 0 0 0 rg BT 270.25 470.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 317.93 470.80 Td (Docs ) Tj ET Q q 0 0 0 rg BT 340.61 470.80 Td (Solution ) Tj ET Q q 0 0 0 rg BT 376.64 470.80 Td (as ) Tj ET Q q 0 0 0 rg BT 387.10 470.80 Td (integrated ) Tj ET Q q 0 0 0 rg BT 429.21 470.80 Td (components, ) Tj ET Q q 0 0 0 rg BT 482.17 470.80 Td (which ) Tj ET Q q 0 0 0 rg BT 508.74 470.80 Td (are ) Tj ET Q q 0 0 0 rg BT 523.08 470.80 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 458.80 Td (elements ) Tj ET Q q 0 0 0 rg BT 111.19 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 123.16 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.02 458.80 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 192.64 458.80 Td (that ) Tj ET Q q 0 0 0 rg BT 211.28 458.80 Td (are ) Tj ET Q q 0 0 0 rg BT 227.13 458.80 Td (delivered ) Tj ET Q q 0 0 0 rg BT 267.98 458.80 Td (in ) Tj ET Q q 0 0 0 rg BT 279.40 458.80 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 330.26 458.80 Td (with ) Tj ET Q q 0 0 0 rg BT 351.68 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 367.54 458.80 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 391.19 458.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 440.38 458.80 Td (of) Tj ET Q q 0 0 0 rg BT 448.53 458.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 476.05 458.80 Td (and ) Tj ET Q q 0 0 0 rg BT 494.14 458.80 Td (therefore ) Tj ET Q q 0 0 0 rg BT 533.87 458.80 Td (are ) Tj ET Q q 0 0 0 rg BT 549.72 458.80 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 446.80 Td (accounted ) Tj ET Q q 0 0 0 rg BT 115.03 446.80 Td (for ) Tj ET Q q 0 0 0 rg BT 129.19 446.80 Td (separately) Tj ET Q q 0 0 0 rg BT 169.08 446.80 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.58 446.80 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 425.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 142.56 425.80 Td (CenterW) Tj ET Q q 0 0 0 rg BT 177.56 425.80 Td (ise ) Tj ET Q q 0 0 0 rg BT 191.17 425.80 Td (Revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.43 425.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.94 425.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 282.00 425.80 Td (CenterW) Tj ET Q q 0 0 0 rg BT 317.69 425.80 Td (ise ) Tj ET Q q 0 0 0 rg BT 331.31 425.80 Td (is ) Tj ET Q q 0 0 0 rg BT 340.49 425.80 Td (a ) Tj ET Q q 0 0 0 rg BT 347.43 425.80 Td (bundled ) Tj ET Q q 0 0 0 rg BT 382.16 425.80 Td (of) Tj ET Q q 0 0 0 rg BT 390.31 425.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 416.70 425.80 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.03 425.80 Td ( ) Tj ET Q q 0 0 0 rg BT 427.54 425.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 469.47 425.80 Td (document ) Tj ET Q q 0 0 0 rg BT 511.41 425.80 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.80 Td (\(EDM\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.05 413.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.78 413.80 Td (websites ) Tj ET Q q 0 0 0 rg BT 171.50 413.80 Td (used ) Tj ET Q q 0 0 0 rg BT 194.12 413.80 Td (for ) Tj ET Q q 0 0 0 rg BT 210.07 413.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 251.02 413.80 Td (relationship ) Tj ET Q q 0 0 0 rg BT 302.52 413.80 Td (management. ) Tj ET Q q 0 0 0 rg BT 360.39 413.80 Td (Generally) Tj ET Q q 0 0 0 rg BT 399.17 413.80 Td (, ) Tj ET Q q 0 0 0 rg BT 405.96 413.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 441.89 413.80 Td (is ) Tj ET Q q 0 0 0 rg BT 452.85 413.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 501.00 413.80 Td (for ) Tj ET Q q 0 0 0 rg BT 516.95 413.80 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.80 Td (CenterW) Tj ET Q q 0 0 0 rg BT 107.69 401.80 Td (ise ) Tj ET Q q 0 0 0 rg BT 121.96 401.80 Td (after ) Tj ET Q q 0 0 0 rg BT 143.43 401.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.80 401.80 Td (service ) Tj ET Q q 0 0 0 rg BT 190.27 401.80 Td (is ) Tj ET Q q 0 0 0 rg BT 200.10 401.80 Td (rendered, ) Tj ET Q q 0 0 0 rg BT 240.73 401.80 Td (except ) Tj ET Q q 0 0 0 rg BT 269.98 401.80 Td (when ) Tj ET Q q 0 0 0 rg BT 294.79 401.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 343.50 401.80 Td (CenterW) Tj ET Q q 0 0 0 rg BT 379.19 401.80 Td (ise ) Tj ET Q q 0 0 0 rg BT 393.46 401.80 Td (is ) Tj ET Q q 0 0 0 rg BT 403.28 401.80 Td (automatically ) Tj ET Q q 0 0 0 rg BT 460.86 401.80 Td (included ) Tj ET Q q 0 0 0 rg BT 498.45 401.80 Td (as ) Tj ET Q q 0 0 0 rg BT 509.94 401.80 Td (an ) Tj ET Q q 0 0 0 rg BT 522.53 401.80 Td (integrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.80 Td (component ) Tj ET Q q 0 0 0 rg BT 118.93 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 129.76 389.80 Td (the ) Tj ET Q q 0 0 0 rg BT 144.48 389.80 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 166.98 389.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 215.03 389.80 Td (of) Tj ET Q q 0 0 0 rg BT 223.18 389.80 Td (fering, ) Tj ET Q q 0 0 0 rg BT 252.05 389.80 Td (in ) Tj ET Q q 0 0 0 rg BT 262.33 389.80 Td (which ) Tj ET Q q 0 0 0 rg BT 289.27 389.80 Td (case ) Tj ET Q q 0 0 0 rg BT 308.98 389.80 Td (the ) Tj ET Q q 0 0 0 rg BT 323.69 389.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 367.29 389.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 401.43 389.80 Td (is ) Tj ET Q q 0 0 0 rg BT 410.60 389.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 456.97 389.80 Td (as ) Tj ET Q q 0 0 0 rg BT 467.80 389.80 Td (described ) Tj ET Q q 0 0 0 rg BT 508.61 389.80 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.99 389.80 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 368.80 Td (Services ) Tj ET Q q 0 0 0 rg BT 132.07 368.80 Td (Revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.59 368.80 Td (The ) Tj ET Q q 0 0 0 rg BT 196.39 368.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.54 368.80 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.24 368.80 Td (a ) Tj ET Q q 0 0 0 rg BT 286.94 368.80 Td (variety ) Tj ET Q q 0 0 0 rg BT 318.96 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 331.55 368.80 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 404.10 368.80 Td (and ) Tj ET Q q 0 0 0 rg BT 422.80 368.80 Td (other ) Tj ET Q q 0 0 0 rg BT 447.61 368.80 Td (business ) Tj ET Q q 0 0 0 rg BT 485.76 368.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 524.72 368.80 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 356.80 Td (automated ) Tj ET Q q 0 0 0 rg BT 117.73 356.80 Td (documentation; ) Tj ET Q q 0 0 0 rg BT 184.02 356.80 Td (fraud ) Tj ET Q q 0 0 0 rg BT 209.20 356.80 Td (detection, ) Tj ET Q q 0 0 0 rg BT 252.43 356.80 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 296.23 356.80 Td (validation ) Tj ET Q q 0 0 0 rg BT 340.30 356.80 Td (and ) Tj ET Q q 0 0 0 rg BT 358.82 356.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 377.90 356.80 Td (analysis; ) Tj ET Q q 0 0 0 rg BT 416.98 356.80 Td (income ) Tj ET Q q 0 0 0 rg BT 450.49 356.80 Td (verification; ) Tj ET Q q 0 0 0 rg BT 503.44 356.80 Td (marketing ) Tj ET Q q 0 0 0 rg BT 548.06 356.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 344.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 110.48 344.80 Td (management; ) Tj ET Q q 0 0 0 rg BT 166.18 344.80 Td (flood ) Tj ET Q q 0 0 0 rg BT 189.11 344.80 Td (zone ) Tj ET Q q 0 0 0 rg BT 209.82 344.80 Td (certifications; ) Tj ET Q q 0 0 0 rg BT 266.62 344.80 Td (and ) Tj ET Q q 0 0 0 rg BT 282.89 344.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 330.80 344.80 Td (reports. ) Tj ET Q q 0 0 0 rg BT 362.90 344.80 Td (Services ) Tj ET Q q 0 0 0 rg BT 398.60 344.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 435.97 344.80 Td (are ) Tj ET Q q 0 0 0 rg BT 450.00 344.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 495.69 344.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 517.52 344.80 Td (completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 332.80 Td (of ) Tj ET Q q 0 0 0 rg BT 82.83 332.80 Td (the ) Tj ET Q q 0 0 0 rg BT 97.55 332.80 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.25 332.80 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 311.80 Td (T) Tj ET Q q 0 0 0 rg BT 78.51 311.80 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 132.56 311.80 Td (Revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.81 311.80 Td ( ) Tj ET Q q 0 0 0 rg BT 176.05 311.80 Td (The ) Tj ET Q q 0 0 0 rg BT 195.08 311.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.46 311.80 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.28 311.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 287.19 311.80 Td (into ) Tj ET Q q 0 0 0 rg BT 306.23 311.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 355.25 311.80 Td (with ) Tj ET Q q 0 0 0 rg BT 376.52 311.80 Td (various ) Tj ET Q q 0 0 0 rg BT 409.45 311.80 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 444.31 311.80 Td (service ) Tj ET Q q 0 0 0 rg BT 476.12 311.80 Td (providers ) Tj ET Q q 0 0 0 rg BT 517.38 311.80 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 311.80 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.80 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 145.22 299.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 178.19 299.80 Td (participating ) Tj ET Q q 0 0 0 rg BT 232.80 299.80 Td (in ) Tj ET Q q 0 0 0 rg BT 244.66 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 260.96 299.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 302.80 299.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 350.76 299.80 Td (process ) Tj ET Q q 0 0 0 rg BT 384.83 299.80 Td (that ) Tj ET Q q 0 0 0 rg BT 403.90 299.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 438.53 299.80 Td (them ) Tj ET Q q 0 0 0 rg BT 462.60 299.80 Td (access ) Tj ET Q q 0 0 0 rg BT 492.22 299.80 Td (to, ) Tj ET Q q 0 0 0 rg BT 506.58 299.80 Td (and ) Tj ET Q q 0 0 0 rg BT 525.09 299.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.72 299.80 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.80 Td (interoperate ) Tj ET Q q 0 0 0 rg BT 99.86 287.80 Td (with, ) Tj ET Q q 0 0 0 rg BT 122.75 287.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 163.13 287.80 Td (originators ) Tj ET Q q 0 0 0 rg BT 209.07 287.80 Td (on ) Tj ET Q q 0 0 0 rg BT 221.68 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 236.51 287.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 258.00 287.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 278.38 287.80 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.87 287.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.48 287.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 346.09 287.80 Td (these ) Tj ET Q q 0 0 0 rg BT 369.25 287.80 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.28 287.80 Td ( ) Tj ET Q q 0 0 0 rg BT 419.89 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.72 287.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 476.22 287.80 Td (earns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.93 287.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 546.41 287.80 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.80 Td (when ) Tj ET Q q 0 0 0 rg BT 73.36 275.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 123.32 275.80 Td (are ) Tj ET Q q 0 0 0 rg BT 137.72 275.80 Td (processed ) Tj ET Q q 0 0 0 rg BT 179.34 275.80 Td (through ) Tj ET Q q 0 0 0 rg BT 212.65 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 227.06 275.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 248.14 275.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 268.11 275.80 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.60 275.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.63 275.80 Td (T) Tj ET Q q 0 0 0 rg BT 313.39 275.80 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 356.68 275.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 394.41 275.80 Td (are ) Tj ET Q q 0 0 0 rg BT 408.82 275.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 454.88 275.80 Td (when ) Tj ET Q q 0 0 0 rg BT 478.73 275.80 Td (there ) Tj ET Q q 0 0 0 rg BT 500.91 275.80 Td (is ) Tj ET Q q 0 0 0 rg BT 509.78 275.80 Td (evidence ) Tj ET Q q 0 0 0 rg BT 547.51 275.80 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 63.45 263.80 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 106.29 263.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 155.79 263.80 Td (have ) Tj ET Q q 0 0 0 rg BT 176.40 263.80 Td (occurred ) Tj ET Q q 0 0 0 rg BT 213.12 263.80 Td (on ) Tj ET Q q 0 0 0 rg BT 224.85 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.80 263.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 259.42 263.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 278.93 263.80 Td (Network ) Tj ET Q q 0 0 0 rg BT 315.65 263.80 Td (and ) Tj ET Q q 0 0 0 rg BT 331.83 263.80 Td (collection ) Tj ET Q q 0 0 0 rg BT 372.99 263.80 Td (of ) Tj ET Q q 0 0 0 rg BT 383.06 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 397.01 263.80 Td (resulting ) Tj ET Q q 0 0 0 rg BT 433.74 263.80 Td (receivable ) Tj ET Q q 0 0 0 rg BT 476.56 263.80 Td (is ) Tj ET Q q 0 0 0 rg BT 484.96 263.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 530.01 263.80 Td (assured.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 71.50 247.40 Td (Subscriptions ) Tj ET Q q 0 0 0 rg BT 128.30 247.40 Td (to ) Tj ET Q q 0 0 0 rg BT 138.43 247.40 Td (Online ) Tj ET Q q 0 0 0 rg BT 168.00 247.40 Td (Resear) Tj ET Q q 0 0 0 rg BT 195.40 247.40 Td (ch ) Tj ET Q q 0 0 0 rg BT 207.19 247.40 Td (and ) Tj ET Q q 0 0 0 rg BT 224.55 247.40 Td (Data ) Tj ET Q q 0 0 0 rg BT 246.90 247.40 Td (Resour) Tj ET Q q 0 0 0 rg BT 274.86 247.40 Td (ces:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 290.96 247.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.31 247.40 Td (The ) Tj ET Q q 0 0 0 rg BT 311.21 247.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.45 247.40 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.24 247.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 429.36 247.40 Td (originators ) Tj ET Q q 0 0 0 rg BT 475.04 247.40 Td (and ) Tj ET Q q 0 0 0 rg BT 491.83 247.40 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 544.72 247.40 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.40 Td (access ) Tj ET Q q 0 0 0 rg BT 78.65 235.40 Td (to ) Tj ET Q q 0 0 0 rg BT 90.05 235.40 Td (online ) Tj ET Q q 0 0 0 rg BT 118.66 235.40 Td (databases ) Tj ET Q q 0 0 0 rg BT 160.59 235.40 Td (of ) Tj ET Q q 0 0 0 rg BT 172.54 235.40 Td (various ) Tj ET Q q 0 0 0 rg BT 205.60 235.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.97 235.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.02 235.40 Td (state ) Tj ET Q q 0 0 0 rg BT 276.97 235.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 298.91 235.40 Td (and ) Tj ET Q q 0 0 0 rg BT 316.97 235.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 365.02 235.40 Td (and ) Tj ET Q q 0 0 0 rg BT 383.08 235.40 Td (forms ) Tj ET Q q 0 0 0 rg BT 410.02 235.40 Td (as ) Tj ET Q q 0 0 0 rg BT 421.97 235.40 Td (well ) Tj ET Q q 0 0 0 rg BT 442.80 235.40 Td (as ) Tj ET Q q 0 0 0 rg BT 454.75 235.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 496.13 235.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 531.97 235.40 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.40 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 96.29 223.40 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 150.03 223.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 169.31 223.40 Td (are ) Tj ET Q q 0 0 0 rg BT 184.70 223.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 231.75 223.40 Td (ratably ) Tj ET Q q 0 0 0 rg BT 262.69 223.40 Td (over ) Tj ET Q q 0 0 0 rg BT 283.65 223.40 Td (the ) Tj ET Q q 0 0 0 rg BT 299.05 223.40 Td (subscription ) Tj ET Q q 0 0 0 rg BT 351.12 223.40 Td (term ) Tj ET Q q 0 0 0 rg BT 372.63 223.40 Td (as ) Tj ET Q q 0 0 0 rg BT 384.14 223.40 Td (subscription ) Tj ET Q q 0 0 0 rg BT 436.21 223.40 Td (services ) Tj ET Q q 0 0 0 rg BT 471.60 223.40 Td (are ) Tj ET Q q 0 0 0 rg BT 486.99 223.40 Td (provided, ) Tj ET Q q 0 0 0 rg BT 528.22 223.40 Td (which ) Tj ET Q q 0 0 0 rg BT 555.84 223.40 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.40 Td (typically ) Tj ET Q q 0 0 0 rg BT 86.99 211.40 Td (one ) Tj ET Q q 0 0 0 rg BT 103.93 211.40 Td (year) Tj ET Q q 0 0 0 rg BT 120.58 211.40 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 71.50 195.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.13 195.00 Td (ofessional ) Tj ET Q q 0 0 0 rg BT 124.16 195.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 159.95 195.00 Td (Revenues:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 201.03 195.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 195.00 Td (Professional ) Tj ET Q q 0 0 0 rg BT 255.41 195.00 Td (services ) Tj ET Q q 0 0 0 rg BT 290.09 195.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 328.10 195.00 Td (are ) Tj ET Q q 0 0 0 rg BT 342.78 195.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 382.45 195.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 428.79 195.00 Td (when ) Tj ET Q q 0 0 0 rg BT 452.92 195.00 Td (milestones ) Tj ET Q q 0 0 0 rg BT 498.17 195.00 Td (are ) Tj ET Q q 0 0 0 rg BT 512.85 195.00 Td (achieved ) Tj ET Q q 0 0 0 rg BT 550.85 195.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 73.25 183.00 Td (price ) Tj ET Q q 0 0 0 rg BT 96.45 183.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 135.75 183.00 Td (or ) Tj ET Q q 0 0 0 rg BT 147.29 183.00 Td (as ) Tj ET Q q 0 0 0 rg BT 158.83 183.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.25 183.00 Td (services ) Tj ET Q q 0 0 0 rg BT 209.67 183.00 Td (are ) Tj ET Q q 0 0 0 rg BT 225.08 183.00 Td (rendered ) Tj ET Q q 0 0 0 rg BT 263.26 183.00 Td (for ) Tj ET Q q 0 0 0 rg BT 278.13 183.00 Td (time ) Tj ET Q q 0 0 0 rg BT 299.11 183.00 Td (and ) Tj ET Q q 0 0 0 rg BT 316.76 183.00 Td (material ) Tj ET Q q 0 0 0 rg BT 352.73 183.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 394.30 183.00 Td (The ) Tj ET Q q 0 0 0 rg BT 413.05 183.00 Td (majority ) Tj ET Q q 0 0 0 rg BT 450.14 183.00 Td (of ) Tj ET Q q 0 0 0 rg BT 461.68 183.00 Td (our ) Tj ET Q q 0 0 0 rg BT 478.22 183.00 Td (professional ) Tj ET Q q 0 0 0 rg BT 530.30 183.00 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.09 171.00 Td (are ) Tj ET Q q 0 0 0 rg BT 102.80 171.00 Td (on ) Tj ET Q q 0 0 0 rg BT 115.30 171.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 138.35 171.00 Td (price ) Tj ET Q q 0 0 0 rg BT 160.83 171.00 Td (basis. ) Tj ET Q q 0 0 0 rg BT 185.65 171.00 Td (T) Tj ET Q q 0 0 0 rg BT 191.41 171.00 Td (raining ) Tj ET Q q 0 0 0 rg BT 222.23 171.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 260.27 171.00 Td (are ) Tj ET Q q 0 0 0 rg BT 274.98 171.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 321.34 171.00 Td (as ) Tj ET Q q 0 0 0 rg BT 332.17 171.00 Td (the ) Tj ET Q q 0 0 0 rg BT 346.89 171.00 Td (services ) Tj ET Q q 0 0 0 rg BT 381.59 171.00 Td (are ) Tj ET Q q 0 0 0 rg BT 396.30 171.00 Td (rendered.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 143.13505859375005 m 164.876953125 143.13505859375005 l s q 0 0 0 rg BT 73.50 144.70 Td (On-Premise ) Tj ET Q q 0 0 0 rg BT 125.44 144.70 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 123.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.22 123.70 Td (from ) Tj ET Q q 0 0 0 rg BT 130.88 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 145.33 123.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 163.11 123.70 Td (of ) Tj ET Q q 0 0 0 rg BT 173.67 123.70 Td (software ) Tj ET Q q 0 0 0 rg BT 210.33 123.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 244.21 123.70 Td (is ) Tj ET Q q 0 0 0 rg BT 253.12 123.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 299.21 123.70 Td (in ) Tj ET Q q 0 0 0 rg BT 309.22 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.66 123.70 Td (month ) Tj ET Q q 0 0 0 rg BT 351.45 123.70 Td (in ) Tj ET Q q 0 0 0 rg BT 361.46 123.70 Td (which ) Tj ET Q q 0 0 0 rg BT 388.13 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.58 123.70 Td (required ) Tj ET Q q 0 0 0 rg BT 438.12 123.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 472.00 123.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 519.77 123.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 550.31 123.70 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.70 Td (met, ) Tj ET Q q 0 0 0 rg BT 69.68 111.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.56 111.70 Td (in ) Tj ET Q q 0 0 0 rg BT 120.02 111.70 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 111.70 Td (month ) Tj ET Q q 0 0 0 rg BT 163.16 111.70 Td (in ) Tj ET Q q 0 0 0 rg BT 173.62 111.70 Td (which ) Tj ET Q q 0 0 0 rg BT 200.74 111.70 Td (the ) Tj ET Q q 0 0 0 rg BT 215.64 111.70 Td (software ) Tj ET Q q 0 0 0 rg BT 252.75 111.70 Td (is ) Tj ET Q q 0 0 0 rg BT 262.10 111.70 Td (delivered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.80 111.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.49 111.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 342.15 111.70 Td (from ) Tj ET Q q 0 0 0 rg BT 364.27 111.70 Td (the ) Tj ET Q q 0 0 0 rg BT 379.17 111.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 397.40 111.70 Td (of ) Tj ET Q q 0 0 0 rg BT 408.42 111.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 461.62 111.70 Td (services ) Tj ET Q q 0 0 0 rg BT 496.51 111.70 Td (and ) Tj ET Q q 0 0 0 rg BT 513.63 111.70 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.70 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 99.70 Td (is ) Tj ET Q q 0 0 0 rg BT 93.38 99.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 139.74 99.70 Td (over ) Tj ET Q q 0 0 0 rg BT 160.01 99.70 Td (the ) Tj ET Q q 0 0 0 rg BT 174.72 99.70 Td (period ) Tj ET Q q 0 0 0 rg BT 202.77 99.70 Td (in ) Tj ET Q q 0 0 0 rg BT 213.05 99.70 Td (which ) Tj ET Q q 0 0 0 rg BT 239.99 99.70 Td (the ) Tj ET Q q 0 0 0 rg BT 254.71 99.70 Td (services ) Tj ET Q q 0 0 0 rg BT 289.41 99.70 Td (are ) Tj ET Q q 0 0 0 rg BT 304.12 99.70 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (61) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 738.68505859375 m 206.478515625 738.68505859375 l s q 0 0 0 rg BT 73.50 740.25 Td (Multiple ) Tj ET Q q 0 0 0 rg BT 111.00 740.25 Td (Element ) Tj ET Q q 0 0 0 rg BT 147.58 740.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 719.25 Td (The ) Tj ET Q q 0 0 0 rg BT 88.83 719.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.00 719.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.62 719.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 174.32 719.25 Td (into ) Tj ET Q q 0 0 0 rg BT 191.17 719.25 Td (both ) Tj ET Q q 0 0 0 rg BT 210.23 719.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 260.40 719.25 Td (services ) Tj ET Q q 0 0 0 rg BT 293.89 719.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.61 719.25 Td (software ) Tj ET Q q 0 0 0 rg BT 345.33 719.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 400.47 719.25 Td (with ) Tj ET Q q 0 0 0 rg BT 419.53 719.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 454.15 719.25 Td (elements. ) Tj ET Q q 0 0 0 rg BT 493.47 719.25 Td (For ) Tj ET Q q 0 0 0 rg BT 508.65 719.25 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.63 707.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 105.31 707.25 Td (deliverables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.62 707.25 Td (, ) Tj ET Q q 0 0 0 rg BT 158.47 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.04 707.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.27 707.25 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.83 707.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 288.38 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.95 707.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 345.85 707.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 396.51 707.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 427.19 707.25 Td (as ) Tj ET Q q 0 0 0 rg BT 437.87 707.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 472.97 707.25 Td (units ) Tj ET Q q 0 0 0 rg BT 494.77 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.45 707.25 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 554.17 707.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (order ) Tj ET Q q 0 0 0 rg BT 74.39 695.25 Td (to ) Tj ET Q q 0 0 0 rg BT 85.96 695.25 Td (treat ) Tj ET Q q 0 0 0 rg BT 107.52 695.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 159.63 695.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.20 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.43 695.25 Td (multiple-deliverable ) Tj ET Q q 0 0 0 rg BT 264.30 695.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 318.07 695.25 Td (as ) Tj ET Q q 0 0 0 rg BT 330.19 695.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 366.74 695.25 Td (units ) Tj ET Q q 0 0 0 rg BT 389.98 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.10 695.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 452.27 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.28 695.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 520.38 695.25 Td (must ) Tj ET Q q 0 0 0 rg BT 543.62 695.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.76 683.25 Td (value ) Tj ET Q q 0 0 0 rg BT 118.92 683.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.42 683.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 173.53 683.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.03 683.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 662.25 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 124.62 662.25 Td (services ) Tj ET Q q 0 0 0 rg BT 158.89 662.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 206.49 662.25 Td (with ) Tj ET Q q 0 0 0 rg BT 226.34 662.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 261.73 662.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 299.34 662.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 338.61 662.25 Td (include ) Tj ET Q q 0 0 0 rg BT 370.11 662.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 405.50 662.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 460.34 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.85 662.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.79 662.25 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (When ) Tj ET Q q 0 0 0 rg BT 75.36 650.25 Td (such ) Tj ET Q q 0 0 0 rg BT 95.68 650.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 143.20 650.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 175.18 650.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 210.50 650.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 248.03 650.25 Td (that ) Tj ET Q q 0 0 0 rg BT 265.01 650.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 295.33 650.25 Td (as ) Tj ET Q q 0 0 0 rg BT 305.64 650.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 340.38 650.25 Td (units ) Tj ET Q q 0 0 0 rg BT 361.82 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.14 650.25 Td (accounting,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.51 650.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.50 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.70 650.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 475.57 650.25 Td (allocates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.54 650.25 Td (arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.82 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.05 638.25 Td (all ) Tj ET Q q 0 0 0 rg BT 128.49 638.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 179.25 638.25 Td (at ) Tj ET Q q 0 0 0 rg BT 188.92 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.58 638.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 243.24 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.02 638.25 Td (an ) Tj ET Q q 0 0 0 rg BT 265.91 638.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 318.33 638.25 Td (based ) Tj ET Q q 0 0 0 rg BT 343.55 638.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.99 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.66 638.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 403.09 638.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 432.20 638.25 Td (price ) Tj ET Q q 0 0 0 rg BT 454.64 638.25 Td (method ) Tj ET Q q 0 0 0 rg BT 487.08 638.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.31 638.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.72 638.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.36 626.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 95.67 626.25 Td (price ) Tj ET Q q 0 0 0 rg BT 119.30 626.25 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 156.41 626.25 Td (, ) Tj ET Q q 0 0 0 rg BT 162.55 626.25 Td (which ) Tj ET Q q 0 0 0 rg BT 190.64 626.25 Td (includes: ) Tj ET Q q 0 0 0 rg BT 230.38 626.25 Td (\(i\)vendor ) Tj ET Q q 0 0 0 rg BT 273.74 626.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 308.47 626.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 348.77 626.25 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.95 626.25 Td (\(VSOE\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.24 626.25 Td (if ) Tj ET Q q 0 0 0 rg BT 443.00 626.25 Td (it ) Tj ET Q q 0 0 0 rg BT 452.20 626.25 Td (is ) Tj ET Q q 0 0 0 rg BT 462.51 626.25 Td (available; ) Tj ET Q q 0 0 0 rg BT 505.02 626.25 Td (\(ii\)third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.25 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.03 614.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.46 614.25 Td (\(TPE\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.21 614.25 Td (if ) Tj ET Q q 0 0 0 rg BT 134.50 614.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 164.04 614.25 Td (is ) Tj ET Q q 0 0 0 rg BT 174.14 614.25 Td (not ) Tj ET Q q 0 0 0 rg BT 190.35 614.25 Td (available; ) Tj ET Q q 0 0 0 rg BT 232.65 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.52 614.25 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 283.66 614.25 Td (best ) Tj ET Q q 0 0 0 rg BT 303.20 614.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 339.95 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.71 614.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 381.80 614.25 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.79 614.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.22 614.25 Td (\(BESP\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.09 614.25 Td (if ) Tj ET Q q 0 0 0 rg BT 457.63 614.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 488.57 614.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 518.12 614.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 534.63 614.25 Td (TPE ) Tj ET Q q 0 0 0 rg BT 555.84 614.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.25 Td (available.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (VSOE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.61 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.77 581.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.65 581.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.86 581.25 Td (determines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.89 581.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 236.34 581.25 Td (based ) Tj ET Q q 0 0 0 rg BT 261.43 581.25 Td (on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.43 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.76 581.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.54 581.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 325.08 581.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 355.73 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.50 581.25 Td (discounting ) Tj ET Q q 0 0 0 rg BT 421.49 581.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 459.35 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.34 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.88 581.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 521.31 581.25 Td (product ) Tj ET Q q 0 0 0 rg BT 554.18 581.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (service ) Tj ET Q q 0 0 0 rg BT 79.72 569.25 Td (when ) Tj ET Q q 0 0 0 rg BT 103.28 569.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 121.86 569.25 Td (separately) Tj ET Q q 0 0 0 rg BT 161.74 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 166.14 569.25 Td (In ) Tj ET Q q 0 0 0 rg BT 176.38 569.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 226.46 569.25 Td (VSOE,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.07 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.98 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.10 569.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 311.89 569.25 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 569.25 Td (that ) Tj ET Q q 0 0 0 rg BT 362.90 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.24 569.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 413.92 569.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 449.70 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.93 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.05 569.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 502.62 569.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 528.40 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 541.97 569.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.04 557.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 99.69 557.25 Td (within ) Tj ET Q q 0 0 0 rg BT 127.58 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.34 557.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 179.99 557.25 Td (narrow ) Tj ET Q q 0 0 0 rg BT 210.64 557.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 241.29 557.25 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.16 557.25 Td (The ) Tj ET Q q 0 0 0 rg BT 286.04 557.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 327.25 557.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.91 557.25 Td (not ) Tj ET Q q 0 0 0 rg BT 358.02 557.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 405.34 557.25 Td (priced) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.32 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.65 557.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.43 557.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 495.65 557.25 Td (services ) Tj ET Q q 0 0 0 rg BT 530.18 557.25 Td (within ) Tj ET Q q 0 0 0 rg BT 558.07 557.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (narrow ) Tj ET Q q 0 0 0 rg BT 80.32 545.25 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.03 545.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.98 545.25 Td (As ) Tj ET Q q 0 0 0 rg BT 120.59 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.53 545.25 Td (result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.24 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.74 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.46 545.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.85 545.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.68 545.25 Td (not ) Tj ET Q q 0 0 0 rg BT 241.96 545.25 Td (been ) Tj ET Q q 0 0 0 rg BT 263.33 545.25 Td (able ) Tj ET Q q 0 0 0 rg BT 282.49 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.77 545.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 330.26 545.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 359.43 545.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 385.80 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.96 545.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 451.35 545.25 Td (services ) Tj ET Q q 0 0 0 rg BT 486.06 545.25 Td (based ) Tj ET Q q 0 0 0 rg BT 511.33 545.25 Td (on ) Tj ET Q q 0 0 0 rg BT 523.65 545.25 Td (VSOE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.26 545.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 524.25 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 94.37 524.25 Td (When ) Tj ET Q q 0 0 0 rg BT 120.33 524.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 148.69 524.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 177.60 524.25 Td (be ) Tj ET Q q 0 0 0 rg BT 189.29 524.25 Td (established ) Tj ET Q q 0 0 0 rg BT 235.97 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 249.88 524.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 300.44 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.47 524.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 346.05 524.25 Td (element ) Tj ET Q q 0 0 0 rg BT 379.95 524.25 Td (arrangements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.31 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.56 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.03 524.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.17 524.25 Td (applies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.74 524.25 Td (judgment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.13 512.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.30 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.94 512.25 Td (whether) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.15 512.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.00 512.25 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.41 512.25 Td (can ) Tj ET Q q 0 0 0 rg BT 172.15 512.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 210.00 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.29 512.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 246.81 512.25 Td (price ) Tj ET Q q 0 0 0 rg BT 269.65 512.25 Td (based ) Tj ET Q q 0 0 0 rg BT 295.28 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 307.92 512.25 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 330.85 512.25 Td (TPE ) Tj ET Q q 0 0 0 rg BT 351.49 512.25 Td (is ) Tj ET Q q 0 0 0 rg BT 361.01 512.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 408.85 512.25 Td (based ) Tj ET Q q 0 0 0 rg BT 434.47 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 447.33 512.25 Td (competitor ) Tj ET Q q 0 0 0 rg BT 493.50 512.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 520.23 512.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.75 512.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 100.28 500.25 Td (when ) Tj ET Q q 0 0 0 rg BT 124.42 500.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 143.56 500.25 Td (separately) Tj ET Q q 0 0 0 rg BT 183.44 500.25 Td (. ) Tj ET Q q 0 0 0 rg BT 188.42 500.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 227.19 500.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.69 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.16 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.85 500.25 Td (Company) Tj ET Q q 0 0 0 rg BT 288.52 500.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.88 500.25 Td (go-to-market ) Tj ET Q q 0 0 0 rg BT 349.56 500.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 383.69 500.25 Td (dif) Tj ET Q q 0 0 0 rg BT 394.61 500.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 412.08 500.25 Td (from ) Tj ET Q q 0 0 0 rg BT 433.99 500.25 Td (that ) Tj ET Q q 0 0 0 rg BT 451.46 500.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.79 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 462.26 500.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.18 500.25 Td (peers ) Tj ET Q q 0 0 0 rg BT 497.75 500.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.19 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.67 500.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.59 500.25 Td (of) Tj ET Q q 0 0 0 rg BT 534.74 500.25 Td (ferings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 82.37 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 90.24 488.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.88 488.25 Td (level ) Tj ET Q q 0 0 0 rg BT 158.75 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.51 488.25 Td (dif) Tj ET Q q 0 0 0 rg BT 181.44 488.25 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 230.96 488.25 Td (such ) Tj ET Q q 0 0 0 rg BT 252.72 488.25 Td (that ) Tj ET Q q 0 0 0 rg BT 271.15 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.80 488.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 336.87 488.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 368.63 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.39 488.25 Td (services ) Tj ET Q q 0 0 0 rg BT 416.03 488.25 Td (with ) Tj ET Q q 0 0 0 rg BT 437.24 488.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 468.45 488.25 Td (functionality ) Tj ET Q q 0 0 0 rg BT 522.98 488.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 553.07 488.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 89.87 476.25 Td (Furthermore,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.35 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.78 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.43 476.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.75 476.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.85 476.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 243.94 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.15 476.25 Td (reliably ) Tj ET Q q 0 0 0 rg BT 289.12 476.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 332.53 476.25 Td (what ) Tj ET Q q 0 0 0 rg BT 355.40 476.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 386.61 476.25 Td (competitor ) Tj ET Q q 0 0 0 rg BT 433.36 476.25 Td (services) Tj ET Q q 0 0 0 rg BT 468.16 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.59 476.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 501.68 476.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 528.99 476.25 Td (are ) Tj ET Q q 0 0 0 rg BT 544.63 476.25 Td (on ) Tj ET Q q 0 0 0 rg BT 558.06 476.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.76 464.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 119.21 464.25 Td (As ) Tj ET Q q 0 0 0 rg BT 132.83 464.25 Td (a ) Tj ET Q q 0 0 0 rg BT 139.76 464.25 Td (result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.48 464.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.98 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.70 464.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.08 464.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.91 464.25 Td (not ) Tj ET Q q 0 0 0 rg BT 254.19 464.25 Td (been ) Tj ET Q q 0 0 0 rg BT 275.57 464.25 Td (able ) Tj ET Q q 0 0 0 rg BT 294.72 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.00 464.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 342.50 464.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 371.66 464.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 398.04 464.25 Td (based ) Tj ET Q q 0 0 0 rg BT 423.31 464.25 Td (on ) Tj ET Q q 0 0 0 rg BT 435.63 464.25 Td (TPE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.91 464.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 443.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 94.79 443.25 Td (. ) Tj ET Q q 0 0 0 rg BT 99.00 443.25 Td (When) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.87 443.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.71 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.76 443.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 179.48 443.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.99 443.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 216.48 443.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.09 443.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 262.92 443.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.19 443.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 297.69 443.25 Td (price ) Tj ET Q q 0 0 0 rg BT 319.51 443.25 Td (using ) Tj ET Q q 0 0 0 rg BT 342.88 443.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 370.83 443.25 Td (or ) Tj ET Q q 0 0 0 rg BT 380.87 443.25 Td (TPE,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.14 443.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.98 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.03 443.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 457.75 443.25 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.81 443.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 500.34 443.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.17 443.25 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.95 443.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.79 443.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.07 443.25 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 431.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 112.63 431.25 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 171.23 431.25 Td (The ) Tj ET Q q 0 0 0 rg BT 189.19 431.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 228.26 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 431.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 262.53 431.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.94 431.25 Td (is ) Tj ET Q q 0 0 0 rg BT 274.02 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.21 431.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 326.61 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.23 431.25 Td (price ) Tj ET Q q 0 0 0 rg BT 363.63 431.25 Td (at ) Tj ET Q q 0 0 0 rg BT 373.26 431.25 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.70 431.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.11 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.74 431.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.04 431.25 Td (would ) Tj ET Q q 0 0 0 rg BT 483.45 431.25 Td (transact ) Tj ET Q q 0 0 0 rg BT 516.96 431.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.81 431.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 541.77 431.25 Td (if ) Tj ET Q q 0 0 0 rg BT 550.29 431.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (service ) Tj ET Q q 0 0 0 rg BT 79.63 419.25 Td (was ) Tj ET Q q 0 0 0 rg BT 97.00 419.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 115.49 419.25 Td (on ) Tj ET Q q 0 0 0 rg BT 127.31 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.56 419.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 178.15 419.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 202.33 419.25 Td (When ) Tj ET Q q 0 0 0 rg BT 228.03 419.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 277.62 419.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 300.41 419.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.91 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.73 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.76 419.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.47 419.25 Td (reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.39 419.25 Td (company ) Tj ET Q q 0 0 0 rg BT 430.86 419.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 463.77 419.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 492.79 419.25 Td (used ) Tj ET Q q 0 0 0 rg BT 512.94 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.54 419.25 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.25 Td (list ) Tj ET Q q 0 0 0 rg BT 63.93 407.25 Td (price ) Tj ET Q q 0 0 0 rg BT 86.12 407.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.56 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.76 407.25 Td (makes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.52 407.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 180.49 407.25 Td (as ) Tj ET Q q 0 0 0 rg BT 191.03 407.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 238.77 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.75 407.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 276.48 407.25 Td (current ) Tj ET Q q 0 0 0 rg BT 307.00 407.25 Td (market ) Tj ET Q q 0 0 0 rg BT 336.97 407.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 380.84 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.49 407.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 428.02 407.25 Td (behavior) Tj ET Q q 0 0 0 rg BT 462.45 407.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.95 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 466.99 407.25 Td (The ) Tj ET Q q 0 0 0 rg BT 484.75 407.25 Td (Company) Tj ET Q q 0 0 0 rg BT 526.41 407.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.51 407.25 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.60 395.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 113.82 395.25 Td (list ) Tj ET Q q 0 0 0 rg BT 128.49 395.25 Td (price ) Tj ET Q q 0 0 0 rg BT 150.92 395.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 186.69 395.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 226.35 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.01 395.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 259.56 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.78 395.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 302.77 395.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.65 395.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 350.41 395.25 Td (product ) Tj ET Q q 0 0 0 rg BT 383.40 395.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.17 395.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 427.43 395.25 Td (surveying ) Tj ET Q q 0 0 0 rg BT 469.31 395.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 512.30 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.52 395.25 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (market ) Tj ET Q q 0 0 0 rg BT 79.57 383.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 134.35 383.25 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 175.52 383.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 214.48 383.25 Td (demographics ) Tj ET Q q 0 0 0 rg BT 272.88 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.62 383.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 316.91 383.25 Td (into ) Tj ET Q q 0 0 0 rg BT 334.77 383.25 Td (account ) Tj ET Q q 0 0 0 rg BT 368.17 383.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 398.25 383.25 Td (products ) Tj ET Q q 0 0 0 rg BT 434.99 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.73 383.25 Td (services ) Tj ET Q q 0 0 0 rg BT 486.24 383.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 533.53 383.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 552.50 383.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 383.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 371.25 Td (Company) Tj ET Q q 0 0 0 rg BT 102.45 371.25 Td (. ) Tj ET Q q 0 0 0 rg BT 107.27 371.25 Td (The ) Tj ET Q q 0 0 0 rg BT 125.32 371.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.71 371.25 Td (continues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.53 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.81 371.25 Td (review ) Tj ET Q q 0 0 0 rg BT 247.52 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.23 371.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 291.94 371.25 Td (used ) Tj ET Q q 0 0 0 rg BT 312.77 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.05 371.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 360.54 371.25 Td (list ) Tj ET Q q 0 0 0 rg BT 375.27 371.25 Td (price ) Tj ET Q q 0 0 0 rg BT 397.76 371.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.20 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.70 371.25 Td (adjusts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.97 371.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 468.50 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.00 371.25 Td (as ) Tj ET Q q 0 0 0 rg BT 481.83 371.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 520.05 371.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 350.25 Td (Because) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.32 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.87 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.64 350.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.08 350.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 350.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 227.50 350.25 Td (that ) Tj ET Q q 0 0 0 rg BT 245.05 350.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 275.18 350.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 303.85 350.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 319.55 350.25 Td (TPE ) Tj ET Q q 0 0 0 rg BT 339.88 350.25 Td (is ) Tj ET Q q 0 0 0 rg BT 349.10 350.25 Td (available,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.69 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.24 350.25 Td (it ) Tj ET Q q 0 0 0 rg BT 398.35 350.25 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.13 350.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 441.66 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 444.21 350.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.55 350.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 488.19 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.96 350.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 532.18 350.25 Td (price ) Tj ET Q q 0 0 0 rg BT 554.72 350.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 84.21 338.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 121.14 338.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.30 338.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 180.57 338.25 Td (services ) Tj ET Q q 0 0 0 rg BT 214.17 338.25 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 271.81 338.25 Td (The ) Tj ET Q q 0 0 0 rg BT 288.74 338.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 320.12 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.84 338.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 362.87 338.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 400.34 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.50 338.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 448.09 338.25 Td (items ) Tj ET Q q 0 0 0 rg BT 471.14 338.25 Td (is ) Tj ET Q q 0 0 0 rg BT 479.19 338.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 508.91 338.25 Td (by ) Tj ET Q q 0 0 0 rg BT 520.29 338.25 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.15 326.25 Td (if ) Tj ET Q q 0 0 0 rg BT 94.75 326.25 Td (any) Tj ET Q q 0 0 0 rg BT 108.54 326.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 305.25 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 126.88 305.25 Td (services ) Tj ET Q q 0 0 0 rg BT 162.90 305.25 Td (have ) Tj ET Q q 0 0 0 rg BT 185.60 305.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 232.18 305.25 Td (value ) Tj ET Q q 0 0 0 rg BT 257.65 305.25 Td (as ) Tj ET Q q 0 0 0 rg BT 269.80 305.25 Td (such ) Tj ET Q q 0 0 0 rg BT 291.95 305.25 Td (services ) Tj ET Q q 0 0 0 rg BT 327.97 305.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.00 305.25 Td (often ) Tj ET Q q 0 0 0 rg BT 368.36 305.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 388.85 305.25 Td (separately) Tj ET Q q 0 0 0 rg BT 428.74 305.25 Td (. ) Tj ET Q q 0 0 0 rg BT 434.21 305.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 484.11 305.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.61 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.43 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.47 305.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 549.17 305.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 92.60 293.25 Td (that ) Tj ET Q q 0 0 0 rg BT 109.61 293.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 160.49 293.25 Td (services ) Tj ET Q q 0 0 0 rg BT 194.71 293.25 Td (included ) Tj ET Q q 0 0 0 rg BT 231.15 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.93 293.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 276.27 293.25 Td (element ) Tj ET Q q 0 0 0 rg BT 309.93 293.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 365.80 293.25 Td (have ) Tj ET Q q 0 0 0 rg BT 386.69 293.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 431.46 293.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 457.62 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 459.63 293.25 Td (In ) Tj ET Q q 0 0 0 rg BT 469.97 293.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 519.75 293.25 Td (standalone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (value,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.66 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.37 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.30 281.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.91 281.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 178.94 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.87 281.25 Td (following ) Tj ET Q q 0 0 0 rg BT 235.48 281.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 265.40 281.25 Td (for ) Tj ET Q q 0 0 0 rg BT 279.78 281.25 Td (each ) Tj ET Q q 0 0 0 rg BT 300.81 281.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 352.40 281.25 Td (services ) Tj ET Q q 0 0 0 rg BT 387.32 281.25 Td (agreement: ) Tj ET Q q 0 0 0 rg BT 434.46 281.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 482.16 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.21 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.14 281.25 Td (services ) Tj ET Q q 0 0 0 rg BT 543.06 281.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.17 269.25 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 110.45 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.78 269.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 153.89 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.33 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.67 269.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 232.67 269.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 270.49 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.05 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.39 269.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 332.62 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.07 269.25 Td (when ) Tj ET Q q 0 0 0 rg BT 368.85 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.18 269.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 436.18 269.25 Td (services ) Tj ET Q q 0 0 0 rg BT 471.51 269.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 506.83 269.25 Td (was ) Tj ET Q q 0 0 0 rg BT 525.50 269.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 554.73 269.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 98.66 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.93 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.65 257.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 175.04 257.25 Td (service ) Tj ET Q q 0 0 0 rg BT 205.85 257.25 Td (start ) Tj ET Q q 0 0 0 rg BT 225.57 257.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 236.25 Td (For ) Tj ET Q q 0 0 0 rg BT 88.59 236.25 Td (software ) Tj ET Q q 0 0 0 rg BT 125.21 236.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 181.26 236.25 Td (with ) Tj ET Q q 0 0 0 rg BT 201.24 236.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 236.76 236.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 274.50 236.25 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 296.96 236.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 349.68 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.31 236.25 Td (support ) Tj ET Q q 0 0 0 rg BT 398.51 236.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.79 236.25 Td (bundled ) Tj ET Q q 0 0 0 rg BT 471.20 236.25 Td (with ) Tj ET Q q 0 0 0 rg BT 491.18 236.25 Td (licenses\), ) Tj ET Q q 0 0 0 rg BT 530.86 236.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.70 224.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 97.32 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.63 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.38 224.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 162.11 224.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 200.18 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.04 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.79 224.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 278.29 224.25 Td (when ) Tj ET Q q 0 0 0 rg BT 302.30 224.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 330.94 224.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.15 224.25 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 397.37 224.25 Td (using ) Tj ET Q q 0 0 0 rg BT 421.57 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.32 224.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 470.51 224.25 Td (value ) Tj ET Q q 0 0 0 rg BT 494.69 224.25 Td (method ) Tj ET Q q 0 0 0 rg BT 527.22 224.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.52 224.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 87.76 212.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 124.89 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.83 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.65 212.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 164.13 212.25 Td (value ) Tj ET Q q 0 0 0 rg BT 187.39 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.33 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.15 212.25 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 259.96 212.25 Td (elements, ) Tj ET Q q 0 0 0 rg BT 299.61 212.25 Td (which ) Tj ET Q q 0 0 0 rg BT 325.65 212.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.93 212.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 366.63 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.01 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.83 212.25 Td (Company) Tj ET Q q 0 0 0 rg BT 428.07 212.25 Td (. ) Tj ET Q q 0 0 0 rg BT 432.06 212.25 Td (When ) Tj ET Q q 0 0 0 rg BT 457.42 212.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 485.14 212.25 Td (is ) Tj ET Q q 0 0 0 rg BT 493.42 212.25 Td (not ) Tj ET Q q 0 0 0 rg BT 507.80 212.25 Td (determinable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 200.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 89.88 200.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 142.54 200.25 Td (is ) Tj ET Q q 0 0 0 rg BT 151.91 200.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 198.47 200.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 228.93 200.25 Td (over ) Tj ET Q q 0 0 0 rg BT 249.40 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.31 200.25 Td (term ) Tj ET Q q 0 0 0 rg BT 285.34 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.37 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.28 200.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 348.68 200.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 386.36 200.25 Td (is ) Tj ET Q q 0 0 0 rg BT 395.73 200.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 442.29 200.25 Td (under ) Tj ET Q q 0 0 0 rg BT 467.76 200.25 Td (this ) Tj ET Q q 0 0 0 rg BT 484.90 200.25 Td (model ) Tj ET Q q 0 0 0 rg BT 512.60 200.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 535.29 200.25 Td (receipt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.72 188.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 81.38 188.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 118.71 188.25 Td (from ) Tj ET Q q 0 0 0 rg BT 141.04 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.15 188.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 195.70 188.25 Td (if ) Tj ET Q q 0 0 0 rg BT 204.70 188.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 259.80 188.25 Td (is ) Tj ET Q q 0 0 0 rg BT 269.36 188.25 Td (not ) Tj ET Q q 0 0 0 rg BT 285.03 188.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 331.24 188.25 Td (assured ) Tj ET Q q 0 0 0 rg BT 364.12 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.46 188.25 Td (when ) Tj ET Q q 0 0 0 rg BT 406.01 188.25 Td (other ) Tj ET Q q 0 0 0 rg BT 429.45 188.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 463.99 188.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 512.42 188.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 543.63 188.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (been ) Tj ET Q q 0 0 0 rg BT 71.21 176.25 Td (met. ) Tj ET Q q 0 0 0 rg BT 91.32 176.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.50 176.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 138.44 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.60 176.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 166.30 176.25 Td (value ) Tj ET Q q 0 0 0 rg BT 190.79 176.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.27 176.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 258.63 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.90 176.25 Td (support ) Tj ET Q q 0 0 0 rg BT 308.73 176.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 356.00 176.25 Td (related ) Tj ET Q q 0 0 0 rg BT 386.03 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.64 176.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 431.12 176.25 Td (is ) Tj ET Q q 0 0 0 rg BT 440.62 176.25 Td (based ) Tj ET Q q 0 0 0 rg BT 466.22 176.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 489.04 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.09 176.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 530.79 176.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 550.84 176.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.09 164.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 97.21 164.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 130.22 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.92 164.25 Td (these ) Tj ET Q q 0 0 0 rg BT 161.84 164.25 Td (services ) Tj ET Q q 0 0 0 rg BT 195.41 164.25 Td (by ) Tj ET Q q 0 0 0 rg BT 206.78 164.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 251.20 164.25 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 304.21 164.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 341.11 164.25 Td (are ) Tj ET Q q 0 0 0 rg BT 354.69 164.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 399.92 164.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 429.05 164.25 Td (over ) Tj ET Q q 0 0 0 rg BT 448.19 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.77 164.25 Td (period ) Tj ET Q q 0 0 0 rg BT 488.69 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.39 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.97 164.25 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 125.95 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 100.65 125.95 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 104.95 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 109.24 104.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.59 104.95 Td (represents ) Tj ET Q q 0 0 0 rg BT 184.84 104.95 Td (billings ) Tj ET Q q 0 0 0 rg BT 216.55 104.95 Td (or ) Tj ET Q q 0 0 0 rg BT 226.59 104.95 Td (payments ) Tj ET Q q 0 0 0 rg BT 266.62 104.95 Td (received ) Tj ET Q q 0 0 0 rg BT 302.20 104.95 Td (in ) Tj ET Q q 0 0 0 rg BT 311.68 104.95 Td (advance ) Tj ET Q q 0 0 0 rg BT 346.15 104.95 Td (of ) Tj ET Q q 0 0 0 rg BT 356.18 104.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 389.54 104.95 Td (recognition ) Tj ET Q q 0 0 0 rg BT 436.79 104.95 Td (and ) Tj ET Q q 0 0 0 rg BT 452.94 104.95 Td (is ) Tj ET Q q 0 0 0 rg BT 461.32 104.95 Td (recognized ) Tj ET Q q 0 0 0 rg BT 506.89 104.95 Td (as ) Tj ET Q q 0 0 0 rg BT 516.93 104.95 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 104.95 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.95 Td (recognition ) Tj ET Q q 0 0 0 rg BT 96.85 92.95 Td (criteria ) Tj ET Q q 0 0 0 rg BT 126.96 92.95 Td (are ) Tj ET Q q 0 0 0 rg BT 140.97 92.95 Td (met. ) Tj ET Q q 0 0 0 rg BT 160.27 92.95 Td (Balances ) Tj ET Q q 0 0 0 rg BT 198.17 92.95 Td (consist ) Tj ET Q q 0 0 0 rg BT 227.75 92.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 266.77 92.95 Td (of ) Tj ET Q q 0 0 0 rg BT 276.90 92.95 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 308.69 92.95 Td (subscription ) Tj ET Q q 0 0 0 rg BT 359.38 92.95 Td (services ) Tj ET Q q 0 0 0 rg BT 393.39 92.95 Td (and ) Tj ET Q q 0 0 0 rg BT 409.64 92.95 Td (professional, ) Tj ET Q q 0 0 0 rg BT 462.82 92.95 Td (training ) Tj ET Q q 0 0 0 rg BT 495.73 92.95 Td (and ) Tj ET Q q 0 0 0 rg BT 511.97 92.95 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.95 Td (services ) Tj ET Q q 0 0 0 rg BT 84.30 80.95 Td (not ) Tj ET Q q 0 0 0 rg BT 99.67 80.95 Td (yet ) Tj ET Q q 0 0 0 rg BT 114.47 80.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 152.61 80.95 Td (as ) Tj ET Q q 0 0 0 rg BT 163.53 80.95 Td (of ) Tj ET Q q 0 0 0 rg BT 174.45 80.95 Td (the ) Tj ET Q q 0 0 0 rg BT 189.26 80.95 Td (balance ) Tj ET Q q 0 0 0 rg BT 222.38 80.95 Td (sheet ) Tj ET Q q 0 0 0 rg BT 245.52 80.95 Td (date. ) Tj ET Q q 0 0 0 rg BT 267.26 80.95 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 305.38 80.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 339.62 80.95 Td (that ) Tj ET Q q 0 0 0 rg BT 357.20 80.95 Td (will ) Tj ET Q q 0 0 0 rg BT 375.35 80.95 Td (be ) Tj ET Q q 0 0 0 rg BT 387.38 80.95 Td (recognized ) Tj ET Q q 0 0 0 rg BT 433.83 80.95 Td (during ) Tj ET Q q 0 0 0 rg BT 462.53 80.95 Td (the ) Tj ET Q q 0 0 0 rg BT 477.34 80.95 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 524.35 80.95 Td (12 ) Tj ET Q q 0 0 0 rg BT 536.94 80.95 Td (month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.95 Td (period ) Tj ET Q q 0 0 0 rg BT 78.18 68.95 Td (is ) Tj ET Q q 0 0 0 rg BT 87.97 68.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 126.08 68.95 Td (as ) Tj ET Q q 0 0 0 rg BT 137.54 68.95 Td (current ) Tj ET Q q 0 0 0 rg BT 168.98 68.95 Td (deferred ) Tj ET Q q 0 0 0 rg BT 205.42 68.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 242.69 68.95 Td (and ) Tj ET Q q 0 0 0 rg BT 260.26 68.95 Td (the ) Tj ET Q q 0 0 0 rg BT 275.60 68.95 Td (remaining ) Tj ET Q q 0 0 0 rg BT 319.28 68.95 Td (portion ) Tj ET Q q 0 0 0 rg BT 351.29 68.95 Td (is ) Tj ET Q q 0 0 0 rg BT 361.09 68.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 399.19 68.95 Td (as ) Tj ET Q q 0 0 0 rg BT 410.65 68.95 Td (other ) Tj ET Q q 0 0 0 rg BT 434.33 68.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 476.89 68.95 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 519.74 68.95 Td (Long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.95 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.31 56.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 119.45 56.95 Td (at ) Tj ET Q q 0 0 0 rg BT 129.17 56.95 Td (December ) Tj ET Q q 0 0 0 rg BT 172.75 56.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 187.75 56.95 Td (2014 ) Tj ET Q q 0 0 0 rg BT 210.25 56.95 Td (and ) Tj ET Q q 0 0 0 rg BT 227.19 56.95 Td (2013 ) Tj ET Q q 0 0 0 rg BT 249.69 56.95 Td (was ) Tj ET Q q 0 0 0 rg BT 267.74 56.95 Td (not ) Tj ET Q q 0 0 0 rg BT 283.02 56.95 Td (material.) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (62) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 100.65 740.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 154.28 740.25 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 723.75 Td (Deferred commission expenses are the incremental costs that are directly associated with non-cancelable subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.75 Td (contracts with customers and consist of sales commissions paid to our direct sales force. Commissions are calculated based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.75 Td (percentage of the revenues for the non-cancelable term of subscription contracts, which are typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.05 699.75 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.49 699.75 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.27 699.75 Td (five years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.41 699.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 683.25 Td (Prior to 2013, commissions were paid and recognized as sales expense when customer payments for contracted services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (were received on a monthly basis because commissions were earned based on receipt of customer payments. In 2013, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (Company amended its commission plans to provide for payment after the customer) Tj ET Q q 0 0 0 rg BT 382.85 659.25 Td () Tj ET Q q 0 0 0 rg BT 385.63 659.25 Td (s contract is signed. ) Tj ET Q q 0 0 0 rg BT 468.95 659.25 Td (As a result of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (change in commission plans, beginning in 2013, commission expense was deferred and amortized to sales expense over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (non-cancelable terms of the related subscription contracts. ) Tj ET Q q 0 0 0 rg BT 284.78 635.25 Td (The deferred commission expense amounts are recoverable through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (the future revenue streams under the non-cancelable customer contracts. ) Tj ET Q q 0 0 0 rg BT 340.86 623.25 Td (The plans also include claw back provisions, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (require repayment of a proportionate amount of commissions, should customers cancel their contracts prior to the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (initial contractual term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 582.75 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.05 582.75 Td (years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.52 582.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.02 582.75 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.11 582.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.61 582.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.61 582.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.04 582.75 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.04 582.75 Td (, the Company deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.95 582.75 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.85 582.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.28 582.75 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.18 582.75 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (commission expense, respectively) Tj ET Q q 0 0 0 rg BT 185.20 570.75 Td (. No amounts were deferred during the year ended December 31, 2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 554.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 554.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 554.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.02 554.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.02 554.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.02 554.25 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.91 554.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.35 554.25 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.24 554.25 Td ( of deferred commission remained on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (balance sheets, respectively) Tj ET Q q 0 0 0 rg BT 159.63 542.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 515.95 Td (W) Tj ET Q q 0 0 0 rg BT 69.65 515.95 Td (arranties ) Tj ET Q q 0 0 0 rg BT 109.38 515.95 Td (and ) Tj ET Q q 0 0 0 rg BT 127.44 515.95 Td (Indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 499.55 Td (The ) Tj ET Q q 0 0 0 rg BT 90.48 499.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.80 499.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 168.67 499.55 Td (a ) Tj ET Q q 0 0 0 rg BT 175.55 499.55 Td (warranty ) Tj ET Q q 0 0 0 rg BT 213.52 499.55 Td (for ) Tj ET Q q 0 0 0 rg BT 227.61 499.55 Td (its ) Tj ET Q q 0 0 0 rg BT 239.49 499.55 Td (software ) Tj ET Q q 0 0 0 rg BT 276.36 499.55 Td (products ) Tj ET Q q 0 0 0 rg BT 313.23 499.55 Td (and ) Tj ET Q q 0 0 0 rg BT 330.10 499.55 Td (services ) Tj ET Q q 0 0 0 rg BT 364.74 499.55 Td (to ) Tj ET Q q 0 0 0 rg BT 374.96 499.55 Td (its ) Tj ET Q q 0 0 0 rg BT 386.84 499.55 Td (customers ) Tj ET Q q 0 0 0 rg BT 429.82 499.55 Td (and ) Tj ET Q q 0 0 0 rg BT 446.69 499.55 Td (accounts ) Tj ET Q q 0 0 0 rg BT 484.11 499.55 Td (for ) Tj ET Q q 0 0 0 rg BT 498.21 499.55 Td (its ) Tj ET Q q 0 0 0 rg BT 510.09 499.55 Td (warranties ) Tj ET Q q 0 0 0 rg BT 554.17 499.55 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.55 Td (a ) Tj ET Q q 0 0 0 rg BT 57.44 487.55 Td (contingent ) Tj ET Q q 0 0 0 rg BT 103.15 487.55 Td (liability) Tj ET Q q 0 0 0 rg BT 133.61 487.55 Td (. ) Tj ET Q q 0 0 0 rg BT 139.36 487.55 Td (The ) Tj ET Q q 0 0 0 rg BT 158.40 487.55 Td (Company) Tj ET Q q 0 0 0 rg BT 200.07 487.55 Td (s ) Tj ET Q q 0 0 0 rg BT 207.46 487.55 Td (software ) Tj ET Q q 0 0 0 rg BT 245.39 487.55 Td (is ) Tj ET Q q 0 0 0 rg BT 255.56 487.55 Td (generally ) Tj ET Q q 0 0 0 rg BT 296.26 487.55 Td (warranted ) Tj ET Q q 0 0 0 rg BT 339.74 487.55 Td (to ) Tj ET Q q 0 0 0 rg BT 351.01 487.55 Td (perform ) Tj ET Q q 0 0 0 rg BT 386.72 487.55 Td (substantially ) Tj ET Q q 0 0 0 rg BT 440.77 487.55 Td (as ) Tj ET Q q 0 0 0 rg BT 452.60 487.55 Td (described ) Tj ET Q q 0 0 0 rg BT 494.42 487.55 Td (in ) Tj ET Q q 0 0 0 rg BT 505.70 487.55 Td (the ) Tj ET Q q 0 0 0 rg BT 521.41 487.55 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.55 Td (product ) Tj ET Q q 0 0 0 rg BT 82.54 475.55 Td (documentation ) Tj ET Q q 0 0 0 rg BT 144.46 475.55 Td (and ) Tj ET Q q 0 0 0 rg BT 161.38 475.55 Td (to ) Tj ET Q q 0 0 0 rg BT 171.65 475.55 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 200.25 475.55 Td (defined ) Tj ET Q q 0 0 0 rg BT 232.73 475.55 Td (levels ) Tj ET Q q 0 0 0 rg BT 258.54 475.55 Td (of ) Tj ET Q q 0 0 0 rg BT 269.36 475.55 Td (uptime ) Tj ET Q q 0 0 0 rg BT 299.63 475.55 Td (reliability) Tj ET Q q 0 0 0 rg BT 337.85 475.55 Td (. ) Tj ET Q q 0 0 0 rg BT 342.84 475.55 Td ( ) Tj ET Q q 0 0 0 rg BT 345.15 475.55 Td (The ) Tj ET Q q 0 0 0 rg BT 363.19 475.55 Td (Company) Tj ET Q q 0 0 0 rg BT 404.86 475.55 Td (s ) Tj ET Q q 0 0 0 rg BT 411.24 475.55 Td (services ) Tj ET Q q 0 0 0 rg BT 445.94 475.55 Td (are ) Tj ET Q q 0 0 0 rg BT 460.63 475.55 Td (generally ) Tj ET Q q 0 0 0 rg BT 500.33 475.55 Td (warranted ) Tj ET Q q 0 0 0 rg BT 542.79 475.55 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 475.55 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.55 Td (performed ) Tj ET Q q 0 0 0 rg BT 93.54 463.55 Td (consistent ) Tj ET Q q 0 0 0 rg BT 135.92 463.55 Td (with ) Tj ET Q q 0 0 0 rg BT 156.09 463.55 Td (industry ) Tj ET Q q 0 0 0 rg BT 191.26 463.55 Td (standards. ) Tj ET Q q 0 0 0 rg BT 233.75 463.55 Td (The ) Tj ET Q q 0 0 0 rg BT 251.69 463.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.97 463.55 Td (has ) Tj ET Q q 0 0 0 rg BT 308.69 463.55 Td (not ) Tj ET Q q 0 0 0 rg BT 323.86 463.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 361.80 463.55 Td (for ) Tj ET Q q 0 0 0 rg BT 375.85 463.55 Td (a ) Tj ET Q q 0 0 0 rg BT 382.68 463.55 Td (warranty ) Tj ET Q q 0 0 0 rg BT 420.61 463.55 Td (accrual ) Tj ET Q q 0 0 0 rg BT 451.86 463.55 Td (as ) Tj ET Q q 0 0 0 rg BT 462.58 463.55 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.31 463.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 531.78 463.55 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.78 463.55 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 463.55 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.55 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 451.55 Td (. ) Tj ET Q q 0 0 0 rg BT 74.32 451.55 Td (T) Tj ET Q q 0 0 0 rg BT 79.73 451.55 Td (o ) Tj ET Q q 0 0 0 rg BT 87.23 451.55 Td (date, ) Tj ET Q q 0 0 0 rg BT 108.88 451.55 Td (the ) Tj ET Q q 0 0 0 rg BT 123.60 451.55 Td (Company) Tj ET Q q 0 0 0 rg BT 165.27 451.55 Td (s ) Tj ET Q q 0 0 0 rg BT 171.66 451.55 Td (product ) Tj ET Q q 0 0 0 rg BT 204.71 451.55 Td (warranty ) Tj ET Q q 0 0 0 rg BT 242.74 451.55 Td (expense ) Tj ET Q q 0 0 0 rg BT 277.45 451.55 Td (has ) Tj ET Q q 0 0 0 rg BT 293.28 451.55 Td (not ) Tj ET Q q 0 0 0 rg BT 308.56 451.55 Td (been ) Tj ET Q q 0 0 0 rg BT 329.93 451.55 Td (significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 429.65 Td (The ) Tj ET Q q 0 0 0 rg BT 89.72 429.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.28 429.65 Td (generally ) Tj ET Q q 0 0 0 rg BT 169.16 429.65 Td (agrees ) Tj ET Q q 0 0 0 rg BT 196.37 429.65 Td (to ) Tj ET Q q 0 0 0 rg BT 205.83 429.65 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 248.60 429.65 Td (its ) Tj ET Q q 0 0 0 rg BT 259.73 429.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 301.95 429.65 Td (against ) Tj ET Q q 0 0 0 rg BT 331.95 429.65 Td (legal ) Tj ET Q q 0 0 0 rg BT 353.06 429.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 380.83 429.65 Td (that ) Tj ET Q q 0 0 0 rg BT 397.50 429.65 Td (the ) Tj ET Q q 0 0 0 rg BT 411.40 429.65 Td (Company) Tj ET Q q 0 0 0 rg BT 453.06 429.65 Td (s ) Tj ET Q q 0 0 0 rg BT 458.63 429.65 Td (software ) Tj ET Q q 0 0 0 rg BT 494.73 429.65 Td (products ) Tj ET Q q 0 0 0 rg BT 530.84 429.65 Td (infringe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.71 417.65 Td (third-party ) Tj ET Q q 0 0 0 rg BT 123.48 417.65 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 169.91 417.65 Td (property ) Tj ET Q q 0 0 0 rg BT 205.80 417.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 230.59 417.65 Td (and ) Tj ET Q q 0 0 0 rg BT 247.03 417.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 284.03 417.65 Td (for ) Tj ET Q q 0 0 0 rg BT 297.70 417.65 Td (its ) Tj ET Q q 0 0 0 rg BT 309.15 417.65 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 374.48 417.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 420.93 417.65 Td (as ) Tj ET Q q 0 0 0 rg BT 431.27 417.65 Td (a ) Tj ET Q q 0 0 0 rg BT 437.71 417.65 Td (contingent ) Tj ET Q q 0 0 0 rg BT 481.93 417.65 Td (liability) Tj ET Q q 0 0 0 rg BT 512.39 417.65 Td (. ) Tj ET Q q 0 0 0 rg BT 516.90 417.65 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 417.65 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.65 Td (the ) Tj ET Q q 0 0 0 rg BT 63.43 405.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.03 405.65 Td (may ) Tj ET Q q 0 0 0 rg BT 122.96 405.65 Td (also ) Tj ET Q q 0 0 0 rg BT 140.78 405.65 Td (incur ) Tj ET Q q 0 0 0 rg BT 163.04 405.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 195.87 405.65 Td (under ) Tj ET Q q 0 0 0 rg BT 220.35 405.65 Td (its ) Tj ET Q q 0 0 0 rg BT 231.51 405.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 269.32 405.65 Td (if ) Tj ET Q q 0 0 0 rg BT 277.14 405.65 Td (it ) Tj ET Q q 0 0 0 rg BT 284.41 405.65 Td (breaches ) Tj ET Q q 0 0 0 rg BT 321.10 405.65 Td (its ) Tj ET Q q 0 0 0 rg BT 332.26 405.65 Td (warranties ) Tj ET Q q 0 0 0 rg BT 375.62 405.65 Td (as ) Tj ET Q q 0 0 0 rg BT 385.67 405.65 Td (well ) Tj ET Q q 0 0 0 rg BT 404.60 405.65 Td (as ) Tj ET Q q 0 0 0 rg BT 414.64 405.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 443.56 405.65 Td (security ) Tj ET Q q 0 0 0 rg BT 476.93 405.65 Td (and/or ) Tj ET Q q 0 0 0 rg BT 504.19 405.65 Td (confidentiality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.65 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 98.60 393.65 Td (T) Tj ET Q q 0 0 0 rg BT 104.01 393.65 Td (o ) Tj ET Q q 0 0 0 rg BT 111.33 393.65 Td (date, ) Tj ET Q q 0 0 0 rg BT 132.81 393.65 Td (the ) Tj ET Q q 0 0 0 rg BT 147.34 393.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 188.55 393.65 Td (has ) Tj ET Q q 0 0 0 rg BT 204.21 393.65 Td (not ) Tj ET Q q 0 0 0 rg BT 219.31 393.65 Td (been ) Tj ET Q q 0 0 0 rg BT 240.50 393.65 Td (required ) Tj ET Q q 0 0 0 rg BT 276.14 393.65 Td (to ) Tj ET Q q 0 0 0 rg BT 286.24 393.65 Td (make ) Tj ET Q q 0 0 0 rg BT 310.22 393.65 Td (any ) Tj ET Q q 0 0 0 rg BT 326.98 393.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 363.73 393.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 401.05 393.65 Td (from ) Tj ET Q q 0 0 0 rg BT 422.81 393.65 Td (either ) Tj ET Q q 0 0 0 rg BT 447.90 393.65 Td (infringement ) Tj ET Q q 0 0 0 rg BT 501.87 393.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 530.29 393.65 Td (asserted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.65 Td (against ) Tj ET Q q 0 0 0 rg BT 79.63 381.65 Td (its ) Tj ET Q q 0 0 0 rg BT 90.88 381.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 133.23 381.65 Td (or ) Tj ET Q q 0 0 0 rg BT 143.36 381.65 Td (from ) Tj ET Q q 0 0 0 rg BT 164.60 381.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 192.50 381.65 Td (in ) Tj ET Q q 0 0 0 rg BT 202.08 381.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 247.76 381.65 Td (with ) Tj ET Q q 0 0 0 rg BT 267.34 381.65 Td (a ) Tj ET Q q 0 0 0 rg BT 273.58 381.65 Td (breach ) Tj ET Q q 0 0 0 rg BT 302.02 381.65 Td (of ) Tj ET Q q 0 0 0 rg BT 312.16 381.65 Td (the ) Tj ET Q q 0 0 0 rg BT 326.17 381.65 Td (security ) Tj ET Q q 0 0 0 rg BT 359.63 381.65 Td (and/or ) Tj ET Q q 0 0 0 rg BT 386.98 381.65 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 447.10 381.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 493.34 381.65 Td (in ) Tj ET Q q 0 0 0 rg BT 502.92 381.65 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 381.65 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 381.65 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.65 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.41 369.65 Td (The ) Tj ET Q q 0 0 0 rg BT 108.46 369.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 149.85 369.65 Td (has ) Tj ET Q q 0 0 0 rg BT 165.68 369.65 Td (not ) Tj ET Q q 0 0 0 rg BT 180.96 369.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 218.43 369.65 Td (a ) Tj ET Q q 0 0 0 rg BT 225.37 369.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 258.98 369.65 Td (for ) Tj ET Q q 0 0 0 rg BT 273.14 369.65 Td (related ) Tj ET Q q 0 0 0 rg BT 302.84 369.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 325.34 369.65 Td (as ) Tj ET Q q 0 0 0 rg BT 336.17 369.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 369.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 405.58 369.65 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.58 369.65 Td ( ) Tj ET Q q 0 0 0 rg BT 428.08 369.65 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.91 369.65 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.91 369.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 347.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.49 347.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.81 347.75 Td (has ) Tj ET Q q 0 0 0 rg BT 147.58 347.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 194.47 347.75 Td (under ) Tj ET Q q 0 0 0 rg BT 219.68 347.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.32 347.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 308.40 347.75 Td (to ) Tj ET Q q 0 0 0 rg BT 318.62 347.75 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 362.16 347.75 Td (each ) Tj ET Q q 0 0 0 rg BT 382.92 347.75 Td (member ) Tj ET Q q 0 0 0 rg BT 418.12 347.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.89 347.75 Td (the ) Tj ET Q q 0 0 0 rg BT 443.55 347.75 Td (Company) Tj ET Q q 0 0 0 rg BT 485.22 347.75 Td (s ) Tj ET Q q 0 0 0 rg BT 491.55 347.75 Td (board ) Tj ET Q q 0 0 0 rg BT 516.76 347.75 Td (of ) Tj ET Q q 0 0 0 rg BT 527.53 347.75 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.75 Td (against ) Tj ET Q q 0 0 0 rg BT 81.21 335.75 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 128.77 335.75 Td (fines, ) Tj ET Q q 0 0 0 rg BT 154.09 335.75 Td (settlements ) Tj ET Q q 0 0 0 rg BT 202.47 335.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.30 335.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 259.78 335.75 Td (related ) Tj ET Q q 0 0 0 rg BT 290.37 335.75 Td (to ) Tj ET Q q 0 0 0 rg BT 301.54 335.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 331.03 335.75 Td (against ) Tj ET Q q 0 0 0 rg BT 362.74 335.75 Td (such ) Tj ET Q q 0 0 0 rg BT 384.46 335.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 422.83 335.75 Td (and ) Tj ET Q q 0 0 0 rg BT 440.66 335.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 482.92 335.75 Td (to ) Tj ET Q q 0 0 0 rg BT 494.09 335.75 Td (the ) Tj ET Q q 0 0 0 rg BT 509.69 335.75 Td (fullest ) Tj ET Q q 0 0 0 rg BT 538.08 335.75 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.75 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.32 323.75 Td (under ) Tj ET Q q 0 0 0 rg BT 115.59 323.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 156.39 323.75 Td (law ) Tj ET Q q 0 0 0 rg BT 173.33 323.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.27 323.75 Td (the ) Tj ET Q q 0 0 0 rg BT 204.99 323.75 Td (Company) Tj ET Q q 0 0 0 rg BT 246.65 323.75 Td (s ) Tj ET Q q 0 0 0 rg BT 253.04 323.75 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 283.88 323.75 Td (and ) Tj ET Q q 0 0 0 rg BT 300.81 323.75 Td (certificate ) Tj ET Q q 0 0 0 rg BT 343.28 323.75 Td (of ) Tj ET Q q 0 0 0 rg BT 354.11 323.75 Td (incorporation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 297.45 Td (Cost ) Tj ET Q q 0 0 0 rg BT 82.34 297.45 Td (of ) Tj ET Q q 0 0 0 rg BT 93.17 297.45 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 281.05 Td (The ) Tj ET Q q 0 0 0 rg BT 93.59 281.05 Td (Company) Tj ET Q q 0 0 0 rg BT 135.26 281.05 Td (s ) Tj ET Q q 0 0 0 rg BT 144.69 281.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 166.34 281.05 Td (of ) Tj ET Q q 0 0 0 rg BT 180.22 281.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 221.30 281.05 Td (consists ) Tj ET Q q 0 0 0 rg BT 258.51 281.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 301.27 281.05 Td (of ) Tj ET Q q 0 0 0 rg BT 315.14 281.05 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 353.17 281.05 Td (benefits ) Tj ET Q q 0 0 0 rg BT 390.37 281.05 Td (and ) Tj ET Q q 0 0 0 rg BT 410.35 281.05 Td (related ) Tj ET Q q 0 0 0 rg BT 443.10 281.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 468.64 281.05 Td (\(including ) Tj ET Q q 0 0 0 rg BT 515.29 281.05 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.05 Td (compensation\), ) Tj ET Q q 0 0 0 rg BT 113.28 269.05 Td (allocated ) Tj ET Q q 0 0 0 rg BT 151.77 269.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 188.60 269.05 Td (costs, ) Tj ET Q q 0 0 0 rg BT 213.50 269.05 Td (customer ) Tj ET Q q 0 0 0 rg BT 252.56 269.05 Td (support, ) Tj ET Q q 0 0 0 rg BT 287.47 269.05 Td (data ) Tj ET Q q 0 0 0 rg BT 306.53 269.05 Td (centers, ) Tj ET Q q 0 0 0 rg BT 339.75 269.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 378.25 269.05 Td (for ) Tj ET Q q 0 0 0 rg BT 392.31 269.05 Td (document ) Tj ET Q q 0 0 0 rg BT 434.15 269.05 Td (preparation, ) Tj ET Q q 0 0 0 rg BT 484.59 269.05 Td (income ) Tj ET Q q 0 0 0 rg BT 516.42 269.05 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.77 257.05 Td (compliance ) Tj ET Q q 0 0 0 rg BT 115.70 257.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 153.24 257.05 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 205.49 257.05 Td (on ) Tj ET Q q 0 0 0 rg BT 218.33 257.05 Td (computer ) Tj ET Q q 0 0 0 rg BT 258.92 257.05 Td (equipment ) Tj ET Q q 0 0 0 rg BT 303.97 257.05 Td (used ) Tj ET Q q 0 0 0 rg BT 325.13 257.05 Td (in ) Tj ET Q q 0 0 0 rg BT 335.75 257.05 Td (supporting ) Tj ET Q q 0 0 0 rg BT 381.36 257.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.41 257.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 418.13 257.05 Td (Mae ) Tj ET Q q 0 0 0 rg BT 438.73 257.05 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.72 257.05 Td (, ) Tj ET Q q 0 0 0 rg BT 479.06 257.05 Td (the ) Tj ET Q q 0 0 0 rg BT 494.11 257.05 Td (Company) Tj ET Q q 0 0 0 rg BT 535.77 257.05 Td (s ) Tj ET Q q 0 0 0 rg BT 542.50 257.05 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.07 245.05 Td (and ) Tj ET Q q 0 0 0 rg BT 113.53 245.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 161.09 245.05 Td (CenterW) Tj ET Q q 0 0 0 rg BT 196.79 245.05 Td (ise ) Tj ET Q q 0 0 0 rg BT 209.92 245.05 Td (of) Tj ET Q q 0 0 0 rg BT 218.07 245.05 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 250.35 245.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 302.91 245.05 Td (of ) Tj ET Q q 0 0 0 rg BT 313.26 245.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 349.71 245.05 Td (intangible ) Tj ET Q q 0 0 0 rg BT 391.72 245.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.07 245.05 Td (and ) Tj ET Q q 0 0 0 rg BT 433.53 245.05 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 478.85 245.05 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 528.08 245.05 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.05 Td (and ) Tj ET Q q 0 0 0 rg BT 65.43 233.05 Td (website ) Tj ET Q q 0 0 0 rg BT 97.48 233.05 Td (applications ) Tj ET Q q 0 0 0 rg BT 147.29 233.05 Td (directly ) Tj ET Q q 0 0 0 rg BT 179.33 233.05 Td (involved ) Tj ET Q q 0 0 0 rg BT 215.82 233.05 Td (in ) Tj ET Q q 0 0 0 rg BT 225.09 233.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 258.24 233.05 Td (producing ) Tj ET Q q 0 0 0 rg BT 300.28 233.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 337.87 233.05 Td (and ) Tj ET Q q 0 0 0 rg BT 353.81 233.05 Td (professional ) Tj ET Q q 0 0 0 rg BT 404.18 233.05 Td (services ) Tj ET Q q 0 0 0 rg BT 437.88 233.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 480.47 233.05 Td (with ) Tj ET Q q 0 0 0 rg BT 499.75 233.05 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 221.05 Td (software.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 194.75 Td (Research ) Tj ET Q q 0 0 0 rg BT 102.33 194.75 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 194.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 176.76 194.75 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 178.35 Td (The ) Tj ET Q q 0 0 0 rg BT 90.04 178.35 Td (Company) Tj ET Q q 0 0 0 rg BT 131.70 178.35 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.59 178.35 Td (research ) Tj ET Q q 0 0 0 rg BT 172.88 178.35 Td (and ) Tj ET Q q 0 0 0 rg BT 189.31 178.35 Td (development ) Tj ET Q q 0 0 0 rg BT 242.95 178.35 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.05 178.35 Td ( ) Tj ET Q q 0 0 0 rg BT 281.04 178.35 Td (consist ) Tj ET Q q 0 0 0 rg BT 310.81 178.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 350.02 178.35 Td (of: ) Tj ET Q q 0 0 0 rg BT 363.12 178.35 Td (salaries ) Tj ET Q q 0 0 0 rg BT 395.09 178.35 Td (and ) Tj ET Q q 0 0 0 rg BT 411.52 178.35 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 447.67 178.35 Td (including ) Tj ET Q q 0 0 0 rg BT 487.43 178.35 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 521.65 178.35 Td (and ) Tj ET Q q 0 0 0 rg BT 538.08 178.35 Td (stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.35 Td (based ) Tj ET Q q 0 0 0 rg BT 74.73 166.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 132.73 166.35 Td (expense; ) Tj ET Q q 0 0 0 rg BT 170.17 166.35 Td (fees ) Tj ET Q q 0 0 0 rg BT 188.72 166.35 Td (to ) Tj ET Q q 0 0 0 rg BT 198.96 166.35 Td (contractors ) Tj ET Q q 0 0 0 rg BT 245.84 166.35 Td (engaged ) Tj ET Q q 0 0 0 rg BT 281.61 166.35 Td (in ) Tj ET Q q 0 0 0 rg BT 291.85 166.35 Td (the ) Tj ET Q q 0 0 0 rg BT 306.52 166.35 Td (development ) Tj ET Q q 0 0 0 rg BT 360.63 166.35 Td (and ) Tj ET Q q 0 0 0 rg BT 377.53 166.35 Td (support ) Tj ET Q q 0 0 0 rg BT 409.99 166.35 Td (of ) Tj ET Q q 0 0 0 rg BT 420.77 166.35 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.45 166.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 456.79 166.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 477.01 166.35 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 166.35 Td (, ) Tj ET Q q 0 0 0 rg BT 516.96 166.35 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.35 Td (software ) Tj ET Q q 0 0 0 rg BT 86.13 154.35 Td (and ) Tj ET Q q 0 0 0 rg BT 102.76 154.35 Td (other ) Tj ET Q q 0 0 0 rg BT 125.51 154.35 Td (products; ) Tj ET Q q 0 0 0 rg BT 164.93 154.35 Td (and ) Tj ET Q q 0 0 0 rg BT 181.56 154.35 Td (allocated ) Tj ET Q q 0 0 0 rg BT 219.85 154.35 Td (facilities ) Tj ET Q q 0 0 0 rg BT 256.48 154.35 Td (costs. ) Tj ET Q q 0 0 0 rg BT 281.18 154.35 Td (Research ) Tj ET Q q 0 0 0 rg BT 320.02 154.35 Td (and ) Tj ET Q q 0 0 0 rg BT 336.66 154.35 Td (development ) Tj ET Q q 0 0 0 rg BT 390.51 154.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 412.71 154.35 Td (that ) Tj ET Q q 0 0 0 rg BT 429.90 154.35 Td (are ) Tj ET Q q 0 0 0 rg BT 444.31 154.35 Td (not ) Tj ET Q q 0 0 0 rg BT 459.28 154.35 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 504.79 154.35 Td (as ) Tj ET Q q 0 0 0 rg BT 515.32 154.35 Td (internal-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.35 Td (software ) Tj ET Q q 0 0 0 rg BT 86.43 142.35 Td (are ) Tj ET Q q 0 0 0 rg BT 101.14 142.35 Td (expensed ) Tj ET Q q 0 0 0 rg BT 140.84 142.35 Td (as ) Tj ET Q q 0 0 0 rg BT 151.67 142.35 Td (they ) Tj ET Q q 0 0 0 rg BT 171.39 142.35 Td (are ) Tj ET Q q 0 0 0 rg BT 186.10 142.35 Td (incurred.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 116.05 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 111.23 116.05 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 99.65 Td (The ) Tj ET Q q 0 0 0 rg BT 90.75 99.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.34 99.65 Td (expenses ) Tj ET Q q 0 0 0 rg BT 171.14 99.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 218.28 99.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.98 99.65 Td (as ) Tj ET Q q 0 0 0 rg BT 252.01 99.65 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 289.93 99.65 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 339.85 99.65 Td (expenses ) Tj ET Q q 0 0 0 rg BT 378.65 99.65 Td (for ) Tj ET Q q 0 0 0 rg BT 393.02 99.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.94 99.65 Td (years ) Tj ET Q q 0 0 0 rg BT 431.74 99.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 458.32 99.65 Td (December ) Tj ET Q q 0 0 0 rg BT 502.10 99.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.31 99.65 Td (2014, ) Tj ET Q q 0 0 0 rg BT 542.51 99.65 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.65 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 87.65 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 87.65 Td ( ) Tj ET Q q 0 0 0 rg BT 88.94 87.65 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.87 87.65 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 130.87 87.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.76 87.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.76 87.65 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 184.76 87.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.65 87.65 Td (, ) Tj ET Q q 0 0 0 rg BT 218.65 87.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.59 87.65 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 255.59 87.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.48 87.65 Td (, ) Tj ET Q q 0 0 0 rg BT 289.48 87.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 337.14 87.65 Td (.) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (63) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 115.11 740.25 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.80 723.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.45 723.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 178.96 723.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 228.93 723.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 287.23 723.25 Td (related ) Tj ET Q q 0 0 0 rg BT 317.19 723.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.72 723.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 358.80 723.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 391.54 723.25 Td (under ) Tj ET Q q 0 0 0 rg BT 417.07 723.25 Td (its ) Tj ET Q q 0 0 0 rg BT 429.28 723.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 452.03 723.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 477.57 723.25 Td (Option ) Tj ET Q q 0 0 0 rg BT 508.11 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.30 723.25 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 69.78 711.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 87.83 711.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.26 711.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 114.76 711.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.54 711.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 145.31 711.25 Td (201) Tj ET Q q 0 0 0 rg BT 159.94 711.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 167.44 711.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 196.60 711.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 235.75 711.25 Td (A) Tj ET Q q 0 0 0 rg BT 242.06 711.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 264.55 711.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 284.83 711.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 302.87 711.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.31 711.25 Td (201) Tj ET Q q 0 0 0 rg BT 321.94 711.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 329.44 711.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.22 711.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 357.49 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.43 711.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 417.47 711.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 442.75 711.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 481.35 711.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 501.62 711.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.39 711.25 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.19 711.25 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.28 694.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.41 694.25 Td (recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.40 694.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 235.18 694.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 269.63 694.25 Td (related ) Tj ET Q q 0 0 0 rg BT 299.07 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.08 694.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.43 694.25 Td (option ) Tj ET Q q 0 0 0 rg BT 360.22 694.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 386.90 694.25 Td (that ) Tj ET Q q 0 0 0 rg BT 404.13 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 418.58 694.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 461.36 694.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.13 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.15 694.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 527.49 694.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 694.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.96 682.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 105.98 682.25 Td (values ) Tj ET Q q 0 0 0 rg BT 133.66 682.25 Td (on ) Tj ET Q q 0 0 0 rg BT 145.80 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.16 682.25 Td (date ) Tj ET Q q 0 0 0 rg BT 178.96 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.43 682.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 212.11 682.25 Td (using ) Tj ET Q q 0 0 0 rg BT 235.92 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.28 682.25 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 310.19 682.25 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 369.54 682.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 399.17 682.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 421.31 682.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.66 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 464.47 682.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.47 682.25 Td (on ) Tj ET Q q 0 0 0 rg BT 522.61 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.19 682.25 Td (straight-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (line ) Tj ET Q q 0 0 0 rg BT 67.00 670.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.50 670.25 Td (over ) Tj ET Q q 0 0 0 rg BT 109.76 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.48 670.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 161.41 670.25 Td (service ) Tj ET Q q 0 0 0 rg BT 192.23 670.25 Td (period ) Tj ET Q q 0 0 0 rg BT 220.28 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.11 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.82 670.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 275.25 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 302.19 670.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 341.89 670.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 369.94 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.66 670.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 416.04 670.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.09 670.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.12 653.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.08 653.25 Td (recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.91 653.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 238.53 653.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 273.81 653.25 Td (related ) Tj ET Q q 0 0 0 rg BT 304.09 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.94 653.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 355.22 653.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 389.12 653.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 429.39 653.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 453.58 653.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 472.21 653.25 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.53 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.60 653.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.37 653.25 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.72 653.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 548.06 653.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.63 641.25 Td (share ) Tj ET Q q 0 0 0 rg BT 126.34 641.25 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.66 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.26 641.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.03 641.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 218.15 641.25 Td (A) Tj ET Q q 0 0 0 rg BT 224.45 641.25 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.33 641.25 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.71 641.25 Td (based ) Tj ET Q q 0 0 0 rg BT 284.09 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 296.69 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.52 641.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 328.00 641.25 Td (market ) Tj ET Q q 0 0 0 rg BT 358.37 641.25 Td (value ) Tj ET Q q 0 0 0 rg BT 382.64 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.57 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.40 641.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 454.33 641.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 481.93 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.86 641.25 Td (common ) Tj ET Q q 0 0 0 rg BT 530.47 641.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 554.18 641.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.86 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.10 629.25 Td (date ) Tj ET Q q 0 0 0 rg BT 92.78 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.14 629.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 128.21 629.25 Td (Expense ) Tj ET Q q 0 0 0 rg BT 164.11 629.25 Td (related ) Tj ET Q q 0 0 0 rg BT 193.34 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.15 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.39 629.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 256.62 629.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 286.97 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.43 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.67 629.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 343.04 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 357.28 629.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 403.17 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 415.19 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 421.66 629.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 472.00 629.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 494.03 629.25 Td (over ) Tj ET Q q 0 0 0 rg BT 513.83 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.07 629.25 Td (requisite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (service ) Tj ET Q q 0 0 0 rg BT 80.20 617.25 Td (period ) Tj ET Q q 0 0 0 rg BT 108.14 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.86 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.46 617.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 162.78 617.25 Td (which ) Tj ET Q q 0 0 0 rg BT 189.60 617.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 229.19 617.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 257.13 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.73 617.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 303.01 617.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 333.44 617.25 Td (Expense ) Tj ET Q q 0 0 0 rg BT 369.71 617.25 Td (related ) Tj ET Q q 0 0 0 rg BT 399.29 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.46 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.07 617.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 477.01 617.25 Td (A) Tj ET Q q 0 0 0 rg BT 483.31 617.25 Td (wards ) Tj ET Q q 0 0 0 rg BT 509.58 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 518.64 617.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.76 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.46 605.25 Td (graded ) Tj ET Q q 0 0 0 rg BT 119.16 605.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 150.54 605.25 Td (method ) Tj ET Q q 0 0 0 rg BT 183.02 605.25 Td (over ) Tj ET Q q 0 0 0 rg BT 203.28 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.98 605.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 254.91 605.25 Td (service ) Tj ET Q q 0 0 0 rg BT 285.71 605.25 Td (period ) Tj ET Q q 0 0 0 rg BT 313.75 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.57 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.27 605.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 368.69 605.25 Td (which ) Tj ET Q q 0 0 0 rg BT 395.62 605.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 440.86 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 447.79 605.25 Td (lar) Tj ET Q q 0 0 0 rg BT 458.16 605.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 473.41 605.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 504.79 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.61 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.32 605.25 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.36 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.33 593.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 136.08 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.17 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.14 593.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 193.78 593.25 Td (period ) Tj ET Q q 0 0 0 rg BT 222.08 593.25 Td (than ) Tj ET Q q 0 0 0 rg BT 242.05 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.58 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.55 593.25 Td (end ) Tj ET Q q 0 0 0 rg BT 284.74 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.83 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.80 593.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 342.44 593.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.49 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.24 593.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 428.20 593.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.16 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.13 593.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 520.87 593.25 Td (number ) Tj ET Q q 0 0 0 rg BT 554.17 593.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.99 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.82 581.25 Td (common ) Tj ET Q q 0 0 0 rg BT 125.32 581.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 148.92 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 166.42 581.25 Td (will ) Tj ET Q q 0 0 0 rg BT 184.48 581.25 Td (be ) Tj ET Q q 0 0 0 rg BT 196.41 581.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 228.90 581.25 Td (until ) Tj ET Q q 0 0 0 rg BT 249.73 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.45 581.25 Td (achievement ) Tj ET Q q 0 0 0 rg BT 317.48 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.31 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.03 581.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 396.05 581.25 Td (goals ) Tj ET Q q 0 0 0 rg BT 419.66 581.25 Td (is ) Tj ET Q q 0 0 0 rg BT 428.83 581.25 Td (known.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.55 581.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 564.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.86 564.25 Td (date ) Tj ET Q q 0 0 0 rg BT 111.33 564.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.48 564.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 145.84 564.25 Td (is ) Tj ET Q q 0 0 0 rg BT 155.33 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.36 564.25 Td (date ) Tj ET Q q 0 0 0 rg BT 189.84 564.25 Td (at ) Tj ET Q q 0 0 0 rg BT 199.87 564.25 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.31 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 227.12 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.16 564.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.86 564.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.12 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.15 564.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 357.84 564.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 382.30 564.25 Td (a ) Tj ET Q q 0 0 0 rg BT 389.55 564.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 420.14 564.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 479.62 564.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.76 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.79 564.25 Td (key ) Tj ET Q q 0 0 0 rg BT 523.05 564.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 548.08 564.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.47 552.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.11 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.64 552.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 151.88 552.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 200.72 552.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 242.91 552.25 Td (are ) Tj ET Q q 0 0 0 rg BT 258.42 552.25 Td (received ) Tj ET Q q 0 0 0 rg BT 295.60 552.25 Td (by ) Tj ET Q q 0 0 0 rg BT 308.91 552.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 347.20 552.25 Td (by ) Tj ET Q q 0 0 0 rg BT 360.51 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.04 552.25 Td (board ) Tj ET Q q 0 0 0 rg BT 402.11 552.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.75 552.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 452.05 552.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.49 552.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.80 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.32 552.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 527.52 552.25 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.25 Td (contingently ) Tj ET Q q 0 0 0 rg BT 101.99 540.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 141.70 540.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.98 540.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 174.48 540.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.98 540.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 251.14 540.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.42 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.14 540.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 317.51 540.25 Td (who ) Tj ET Q q 0 0 0 rg BT 337.23 540.25 Td (renders ) Tj ET Q q 0 0 0 rg BT 369.16 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.88 540.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 420.81 540.25 Td (service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.12 540.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 518.35 Td (The ) Tj ET Q q 0 0 0 rg BT 89.92 518.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.68 518.35 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.22 518.35 Td (required ) Tj ET Q q 0 0 0 rg BT 174.41 518.35 Td (to ) Tj ET Q q 0 0 0 rg BT 184.06 518.35 Td (estimate ) Tj ET Q q 0 0 0 rg BT 219.25 518.35 Td (potential ) Tj ET Q q 0 0 0 rg BT 256.12 518.35 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 299.63 518.35 Td (of ) Tj ET Q q 0 0 0 rg BT 309.84 518.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.82 518.35 Td (grants ) Tj ET Q q 0 0 0 rg BT 359.13 518.35 Td (and ) Tj ET Q q 0 0 0 rg BT 375.44 518.35 Td (adjust ) Tj ET Q q 0 0 0 rg BT 401.20 518.35 Td (recorded ) Tj ET Q q 0 0 0 rg BT 438.05 518.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.46 518.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 513.44 518.35 Td (accordingly) Tj ET Q q 0 0 0 rg BT 560.00 518.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.35 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 506.35 Td (estimate ) Tj ET Q q 0 0 0 rg BT 104.58 506.35 Td (of ) Tj ET Q q 0 0 0 rg BT 116.01 506.35 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 160.76 506.35 Td (is ) Tj ET Q q 0 0 0 rg BT 170.54 506.35 Td (based ) Tj ET Q q 0 0 0 rg BT 196.41 506.35 Td (on ) Tj ET Q q 0 0 0 rg BT 209.51 506.35 Td (historical ) Tj ET Q q 0 0 0 rg BT 249.83 506.35 Td (experience ) Tj ET Q q 0 0 0 rg BT 296.23 506.35 Td (and ) Tj ET Q q 0 0 0 rg BT 313.78 506.35 Td (is ) Tj ET Q q 0 0 0 rg BT 323.55 506.35 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 359.98 506.35 Td (over ) Tj ET Q q 0 0 0 rg BT 380.85 506.35 Td (the ) Tj ET Q q 0 0 0 rg BT 396.18 506.35 Td (requisite ) Tj ET Q q 0 0 0 rg BT 433.71 506.35 Td (service ) Tj ET Q q 0 0 0 rg BT 465.13 506.35 Td (period ) Tj ET Q q 0 0 0 rg BT 493.79 506.35 Td (to ) Tj ET Q q 0 0 0 rg BT 504.67 506.35 Td (the ) Tj ET Q q 0 0 0 rg BT 519.99 506.35 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.53 506.35 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 75.78 494.35 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 119.83 494.35 Td (dif) Tj ET Q q 0 0 0 rg BT 130.76 494.35 Td (fer) Tj ET Q q 0 0 0 rg BT 141.46 494.35 Td (, ) Tj ET Q q 0 0 0 rg BT 146.37 494.35 Td (or ) Tj ET Q q 0 0 0 rg BT 157.11 494.35 Td (are ) Tj ET Q q 0 0 0 rg BT 171.72 494.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.67 494.35 Td (to ) Tj ET Q q 0 0 0 rg BT 219.85 494.35 Td (dif) Tj ET Q q 0 0 0 rg BT 230.78 494.35 Td (fer) Tj ET Q q 0 0 0 rg BT 241.48 494.35 Td (, ) Tj ET Q q 0 0 0 rg BT 246.39 494.35 Td (from ) Tj ET Q q 0 0 0 rg BT 268.23 494.35 Td (the ) Tj ET Q q 0 0 0 rg BT 282.86 494.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 304.71 494.35 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 346.83 494.35 Td (Changes ) Tj ET Q q 0 0 0 rg BT 383.67 494.35 Td (in ) Tj ET Q q 0 0 0 rg BT 393.86 494.35 Td (estimated ) Tj ET Q q 0 0 0 rg BT 434.59 494.35 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 478.64 494.35 Td (will ) Tj ET Q q 0 0 0 rg BT 496.61 494.35 Td (be ) Tj ET Q q 0 0 0 rg BT 508.46 494.35 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.73 494.35 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.35 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 482.35 Td (period ) Tj ET Q q 0 0 0 rg BT 92.26 482.35 Td (of ) Tj ET Q q 0 0 0 rg BT 103.09 482.35 Td (change ) Tj ET Q q 0 0 0 rg BT 133.91 482.35 Td (and ) Tj ET Q q 0 0 0 rg BT 150.85 482.35 Td (will ) Tj ET Q q 0 0 0 rg BT 168.90 482.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.62 482.35 Td (the ) Tj ET Q q 0 0 0 rg BT 213.33 482.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.83 482.35 Td (of ) Tj ET Q q 0 0 0 rg BT 256.66 482.35 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 306.37 482.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 364.41 482.35 Td (expense ) Tj ET Q q 0 0 0 rg BT 399.11 482.35 Td (to ) Tj ET Q q 0 0 0 rg BT 409.39 482.35 Td (be ) Tj ET Q q 0 0 0 rg BT 421.33 482.35 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.69 482.35 Td (in ) Tj ET Q q 0 0 0 rg BT 477.97 482.35 Td (future ) Tj ET Q q 0 0 0 rg BT 504.35 482.35 Td (periods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.79 482.35 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 460.45 Td (All ) Tj ET Q q 0 0 0 rg BT 87.76 460.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.35 460.45 Td (option ) Tj ET Q q 0 0 0 rg BT 139.39 460.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 170.19 460.45 Td (to ) Tj ET Q q 0 0 0 rg BT 180.45 460.45 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 244.03 460.45 Td (are ) Tj ET Q q 0 0 0 rg BT 258.72 460.45 Td (accounted ) Tj ET Q q 0 0 0 rg BT 301.73 460.45 Td (for ) Tj ET Q q 0 0 0 rg BT 315.87 460.45 Td (at ) Tj ET Q q 0 0 0 rg BT 325.57 460.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.27 460.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 356.63 460.45 Td (value ) Tj ET Q q 0 0 0 rg BT 380.77 460.45 Td (of ) Tj ET Q q 0 0 0 rg BT 391.58 460.45 Td (the ) Tj ET Q q 0 0 0 rg BT 406.28 460.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 462.63 460.45 Td (received ) Tj ET Q q 0 0 0 rg BT 498.98 460.45 Td (or ) Tj ET Q q 0 0 0 rg BT 509.79 460.45 Td (the ) Tj ET Q q 0 0 0 rg BT 524.49 460.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 460.45 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.45 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 448.45 Td (the ) Tj ET Q q 0 0 0 rg BT 76.42 448.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 104.60 448.45 Td (instrument ) Tj ET Q q 0 0 0 rg BT 150.57 448.45 Td (issued, ) Tj ET Q q 0 0 0 rg BT 181.25 448.45 Td (as ) Tj ET Q q 0 0 0 rg BT 192.77 448.45 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.49 448.45 Td (using ) Tj ET Q q 0 0 0 rg BT 261.34 448.45 Td (the ) Tj ET Q q 0 0 0 rg BT 276.75 448.45 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 337.70 448.45 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 398.10 448.45 Td (model. ) Tj ET Q q 0 0 0 rg BT 428.55 448.45 Td (The ) Tj ET Q q 0 0 0 rg BT 447.28 448.45 Td (measurement ) Tj ET Q q 0 0 0 rg BT 503.78 448.45 Td (of ) Tj ET Q q 0 0 0 rg BT 515.30 448.45 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.01 436.45 Td (for ) Tj ET Q q 0 0 0 rg BT 122.64 436.45 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 186.70 436.45 Td (is ) Tj ET Q q 0 0 0 rg BT 196.34 436.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 227.63 436.45 Td (to ) Tj ET Q q 0 0 0 rg BT 238.38 436.45 Td (periodic ) Tj ET Q q 0 0 0 rg BT 274.11 436.45 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 324.85 436.45 Td (as ) Tj ET Q q 0 0 0 rg BT 336.15 436.45 Td (the ) Tj ET Q q 0 0 0 rg BT 351.33 436.45 Td (options ) Tj ET Q q 0 0 0 rg BT 383.75 436.45 Td (vest, ) Tj ET Q q 0 0 0 rg BT 405.32 436.45 Td (and ) Tj ET Q q 0 0 0 rg BT 422.73 436.45 Td (the ) Tj ET Q q 0 0 0 rg BT 437.91 436.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.09 436.45 Td (is ) Tj ET Q q 0 0 0 rg BT 482.73 436.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.56 436.45 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 436.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.45 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 424.45 Td (services ) Tj ET Q q 0 0 0 rg BT 112.25 424.45 Td (are ) Tj ET Q q 0 0 0 rg BT 126.96 424.45 Td (rendered.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 398.15 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.89 398.15 Td (Income ) Tj ET Q q 0 0 0 rg BT 121.50 398.15 Td (\(Expense\), ) Tj ET Q q 0 0 0 rg BT 168.16 398.15 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 381.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.77 381.75 Td (income, ) Tj ET Q q 0 0 0 rg BT 132.20 381.75 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.42 381.75 Td ( ) Tj ET Q q 0 0 0 rg BT 146.92 381.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 186.64 381.75 Td (of ) Tj ET Q q 0 0 0 rg BT 197.47 381.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.18 381.75 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 321.85 356.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 321.85 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 321.85 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 321.85 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 321.85 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 321.85 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 291.85 356.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 291.85 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 291.85 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 291.85 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 291.85 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 291.85 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 351.85 m 470 351.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 351.85 m 474 351.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 351.85 m 516 351.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 351.85 m 520 351.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 351.85 m 562 351.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 336.85 m 470 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 336.85 m 516 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 351.85 m 562 351.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 336.85 m 562 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 336.85 m 470 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 336.85 m 516 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 336.85 m 562 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 276.85 m 470 276.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 262.85 m 470 262.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 260.85 m 470 260.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 276.85 m 516 276.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 262.85 m 516 262.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 260.85 m 516 260.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 276.85 m 562 276.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 262.85 m 562 262.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 260.85 m 562 260.85 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.10 356.08 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 341.08 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.50 341.08 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.50 341.08 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.15 326.08 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 311.52 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 311.52 Td (556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 311.52 Td (650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 311.52 Td (146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 296.52 Td (Net realized gain \(loss\) on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 296.52 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.80 296.57 Td (\(55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 296.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 296.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 281.52 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 281.57 Td (\(69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 281.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.80 281.57 Td (\(135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 281.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 281.57 Td (\(189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 281.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 266.52 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 266.52 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 266.52 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 266.57 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 266.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 236.05 Td (Income ) Tj ET Q q 0 0 0 rg BT 95.11 236.05 Td (T) Tj ET Q q 0 0 0 rg BT 100.30 236.05 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 219.65 Td (The ) Tj ET Q q 0 0 0 rg BT 89.83 219.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.50 219.65 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.27 219.65 Td (for ) Tj ET Q q 0 0 0 rg BT 180.71 219.65 Td (income ) Tj ET Q q 0 0 0 rg BT 211.93 219.65 Td (taxes ) Tj ET Q q 0 0 0 rg BT 234.26 219.65 Td (under ) Tj ET Q q 0 0 0 rg BT 258.81 219.65 Td (the ) Tj ET Q q 0 0 0 rg BT 272.81 219.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 294.04 219.65 Td (and ) Tj ET Q q 0 0 0 rg BT 310.26 219.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 343.15 219.65 Td (method, ) Tj ET Q q 0 0 0 rg BT 377.43 219.65 Td (which ) Tj ET Q q 0 0 0 rg BT 403.65 219.65 Td (requires ) Tj ET Q q 0 0 0 rg BT 437.64 219.65 Td (the ) Tj ET Q q 0 0 0 rg BT 451.64 219.65 Td (recognition ) Tj ET Q q 0 0 0 rg BT 498.97 219.65 Td (of ) Tj ET Q q 0 0 0 rg BT 509.08 219.65 Td (taxes ) Tj ET Q q 0 0 0 rg BT 531.41 219.65 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.65 Td (or ) Tj ET Q q 0 0 0 rg BT 60.40 207.65 Td (refundable ) Tj ET Q q 0 0 0 rg BT 105.72 207.65 Td (for ) Tj ET Q q 0 0 0 rg BT 119.95 207.65 Td (the ) Tj ET Q q 0 0 0 rg BT 134.73 207.65 Td (current ) Tj ET Q q 0 0 0 rg BT 165.61 207.65 Td (year) Tj ET Q q 0 0 0 rg BT 182.42 207.65 Td (, ) Tj ET Q q 0 0 0 rg BT 187.49 207.65 Td (and ) Tj ET Q q 0 0 0 rg BT 204.49 207.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 240.37 207.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.15 207.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 294.93 207.65 Td (and ) Tj ET Q q 0 0 0 rg BT 311.94 207.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.84 207.65 Td (for ) Tj ET Q q 0 0 0 rg BT 352.07 207.65 Td (the ) Tj ET Q q 0 0 0 rg BT 366.85 207.65 Td (future ) Tj ET Q q 0 0 0 rg BT 393.29 207.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 408.08 207.65 Td (consequences ) Tj ET Q q 0 0 0 rg BT 465.62 207.65 Td (of ) Tj ET Q q 0 0 0 rg BT 476.52 207.65 Td (events ) Tj ET Q q 0 0 0 rg BT 504.63 207.65 Td (that ) Tj ET Q q 0 0 0 rg BT 522.20 207.65 Td (have ) Tj ET Q q 0 0 0 rg BT 543.64 207.65 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.32 195.65 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.10 195.65 Td ( ) Tj ET Q q 0 0 0 rg BT 105.06 195.65 Td (the ) Tj ET Q q 0 0 0 rg BT 119.24 195.65 Td (Company) Tj ET Q q 0 0 0 rg BT 160.90 195.65 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.75 195.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.69 195.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 247.86 195.65 Td (or ) Tj ET Q q 0 0 0 rg BT 258.15 195.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 272.33 195.65 Td (returns. ) Tj ET Q q 0 0 0 rg BT 304.42 195.65 Td (The ) Tj ET Q q 0 0 0 rg BT 321.92 195.65 Td (measurement ) Tj ET Q q 0 0 0 rg BT 377.19 195.65 Td (of ) Tj ET Q q 0 0 0 rg BT 387.48 195.65 Td (current ) Tj ET Q q 0 0 0 rg BT 417.76 195.65 Td (and ) Tj ET Q q 0 0 0 rg BT 434.15 195.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 469.42 195.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.60 195.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 522.77 195.65 Td (and ) Tj ET Q q 0 0 0 rg BT 539.17 195.65 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.65 Td (is ) Tj ET Q q 0 0 0 rg BT 59.50 183.65 Td (based ) Tj ET Q q 0 0 0 rg BT 85.60 183.65 Td (on ) Tj ET Q q 0 0 0 rg BT 98.94 183.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 143.94 183.65 Td (of ) Tj ET Q q 0 0 0 rg BT 155.60 183.65 Td (the ) Tj ET Q q 0 0 0 rg BT 171.15 183.65 Td (enacted ) Tj ET Q q 0 0 0 rg BT 205.02 183.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.56 183.65 Td (law; ) Tj ET Q q 0 0 0 rg BT 241.11 183.65 Td (the ) Tj ET Q q 0 0 0 rg BT 256.66 183.65 Td (ef) Tj ET Q q 0 0 0 rg BT 264.25 183.65 Td (fects ) Tj ET Q q 0 0 0 rg BT 286.46 183.65 Td (of ) Tj ET Q q 0 0 0 rg BT 298.12 183.65 Td (future ) Tj ET Q q 0 0 0 rg BT 325.33 183.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 360.87 183.65 Td (in ) Tj ET Q q 0 0 0 rg BT 371.98 183.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.53 183.65 Td (laws ) Tj ET Q q 0 0 0 rg BT 409.19 183.65 Td (or ) Tj ET Q q 0 0 0 rg BT 420.86 183.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 443.07 183.65 Td (are ) Tj ET Q q 0 0 0 rg BT 458.61 183.65 Td (not ) Tj ET Q q 0 0 0 rg BT 474.72 183.65 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 524.18 183.65 Td (V) Tj ET Q q 0 0 0 rg BT 530.29 183.65 Td (aluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.65 Td (allowances ) Tj ET Q q 0 0 0 rg BT 96.52 171.65 Td (are ) Tj ET Q q 0 0 0 rg BT 111.32 171.65 Td (established ) Tj ET Q q 0 0 0 rg BT 158.35 171.65 Td (when ) Tj ET Q q 0 0 0 rg BT 182.60 171.65 Td (necessary ) Tj ET Q q 0 0 0 rg BT 224.06 171.65 Td (to ) Tj ET Q q 0 0 0 rg BT 234.44 171.65 Td (reduce ) Tj ET Q q 0 0 0 rg BT 263.68 171.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 299.58 171.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.39 171.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.31 171.65 Td (to ) Tj ET Q q 0 0 0 rg BT 350.68 171.65 Td (the ) Tj ET Q q 0 0 0 rg BT 365.49 171.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.08 171.65 Td (that) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.08 171.65 Td ( ) Tj ET Q q 0 0 0 rg BT 415.67 171.65 Td (the ) Tj ET Q q 0 0 0 rg BT 430.48 171.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.96 171.65 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.32 171.65 Td (is ) Tj ET Q q 0 0 0 rg BT 516.59 171.65 Td (more ) Tj ET Q q 0 0 0 rg BT 539.73 171.65 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.65 Td (than ) Tj ET Q q 0 0 0 rg BT 68.47 159.65 Td (not ) Tj ET Q q 0 0 0 rg BT 83.00 159.65 Td (to ) Tj ET Q q 0 0 0 rg BT 92.52 159.65 Td (be ) Tj ET Q q 0 0 0 rg BT 103.71 159.65 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.85 159.65 Td ( ) Tj ET Q q 0 0 0 rg BT 139.48 159.65 Td (The ) Tj ET Q q 0 0 0 rg BT 156.78 159.65 Td (Company) Tj ET Q q 0 0 0 rg BT 198.44 159.65 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.08 159.65 Td (determination ) Tj ET Q q 0 0 0 rg BT 261.37 159.65 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.70 159.65 Td ( ) Tj ET Q q 0 0 0 rg BT 271.45 159.65 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 159.65 Td (valuation ) Tj ET Q q 0 0 0 rg BT 321.61 159.65 Td (allowance ) Tj ET Q q 0 0 0 rg BT 363.90 159.65 Td (is ) Tj ET Q q 0 0 0 rg BT 372.32 159.65 Td (based ) Tj ET Q q 0 0 0 rg BT 396.83 159.65 Td (upon ) Tj ET Q q 0 0 0 rg BT 418.58 159.65 Td (a ) Tj ET Q q 0 0 0 rg BT 424.77 159.65 Td (number ) Tj ET Q q 0 0 0 rg BT 457.07 159.65 Td (of ) Tj ET Q q 0 0 0 rg BT 467.15 159.65 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 520.85 159.65 Td (judgments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.65 Td (and ) Tj ET Q q 0 0 0 rg BT 67.02 147.65 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 109.82 147.65 Td (including ) Tj ET Q q 0 0 0 rg BT 150.67 147.65 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 194.84 147.65 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 234.30 147.65 Td (future ) Tj ET Q q 0 0 0 rg BT 261.26 147.65 Td (taxable ) Tj ET Q q 0 0 0 rg BT 293.21 147.65 Td (income ) Tj ET Q q 0 0 0 rg BT 325.73 147.65 Td (and ) Tj ET Q q 0 0 0 rg BT 343.25 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 358.55 147.65 Td (relative ) Tj ET Q q 0 0 0 rg BT 391.61 147.65 Td (proportions ) Tj ET Q q 0 0 0 rg BT 440.80 147.65 Td (of ) Tj ET Q q 0 0 0 rg BT 452.21 147.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 486.94 147.65 Td (and ) Tj ET Q q 0 0 0 rg BT 504.46 147.65 Td (income ) Tj ET Q q 0 0 0 rg BT 536.98 147.65 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.65 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.55 135.65 Td (in ) Tj ET Q q 0 0 0 rg BT 82.83 135.65 Td (the ) Tj ET Q q 0 0 0 rg BT 97.54 135.65 Td (various ) Tj ET Q q 0 0 0 rg BT 129.48 135.65 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 181.42 135.65 Td (in ) Tj ET Q q 0 0 0 rg BT 191.70 135.65 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.14 135.65 Td ( ) Tj ET Q q 0 0 0 rg BT 218.64 135.65 Td (it ) Tj ET Q q 0 0 0 rg BT 226.70 135.65 Td (operates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 113.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 113.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.57 113.75 Td (operates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.20 113.75 Td (in ) Tj ET Q q 0 0 0 rg BT 177.29 113.75 Td (various ) Tj ET Q q 0 0 0 rg BT 209.05 113.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.58 113.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 275.34 113.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.78 113.75 Td ( ) Tj ET Q q 0 0 0 rg BT 292.10 113.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.09 113.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.73 113.75 Td (to ) Tj ET Q q 0 0 0 rg BT 341.82 113.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 364.14 113.75 Td (by ) Tj ET Q q 0 0 0 rg BT 376.45 113.75 Td (various ) Tj ET Q q 0 0 0 rg BT 408.21 113.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.74 113.75 Td (authorities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 113.75 Td ( ) Tj ET Q q 0 0 0 rg BT 469.60 113.75 Td (T) Tj ET Q q 0 0 0 rg BT 475.01 113.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 486.77 113.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 525.20 113.75 Td (are ) Tj ET Q q 0 0 0 rg BT 539.73 113.75 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.69 101.75 Td (their ) Tj ET Q q 0 0 0 rg BT 92.20 101.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 130.48 101.75 Td (merits, ) Tj ET Q q 0 0 0 rg BT 160.17 101.75 Td (relevant ) Tj ET Q q 0 0 0 rg BT 194.56 101.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 208.96 101.75 Td (law ) Tj ET Q q 0 0 0 rg BT 225.59 101.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.22 101.75 Td (the ) Tj ET Q q 0 0 0 rg BT 256.62 101.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 289.91 101.75 Td (facts ) Tj ET Q q 0 0 0 rg BT 310.97 101.75 Td (and ) Tj ET Q q 0 0 0 rg BT 327.60 101.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 386.43 101.75 Td (as ) Tj ET Q q 0 0 0 rg BT 396.95 101.75 Td (of ) Tj ET Q q 0 0 0 rg BT 407.47 101.75 Td (each ) Tj ET Q q 0 0 0 rg BT 427.97 101.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 466.81 101.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 497.05 101.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 533.68 101.75 Td (in ) Tj ET Q q 0 0 0 rg BT 543.65 101.75 Td (facts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.74 89.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 124.18 89.75 Td (could ) Tj ET Q q 0 0 0 rg BT 148.20 89.75 Td (result ) Tj ET Q q 0 0 0 rg BT 172.22 89.75 Td (in ) Tj ET Q q 0 0 0 rg BT 181.80 89.75 Td (material ) Tj ET Q q 0 0 0 rg BT 216.36 89.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 250.37 89.75 Td (to ) Tj ET Q q 0 0 0 rg BT 259.95 89.75 Td (the ) Tj ET Q q 0 0 0 rg BT 273.97 89.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 309.66 89.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 346.43 89.75 Td (for ) Tj ET Q q 0 0 0 rg BT 359.90 89.75 Td (such ) Tj ET Q q 0 0 0 rg BT 380.03 89.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.05 89.75 Td (positions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.07 89.75 Td (A) Tj ET Q q 0 0 0 rg BT 440.74 89.75 Td ( ) Tj ET Q q 0 0 0 rg BT 442.54 89.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.56 89.75 Td (position ) Tj ET Q q 0 0 0 rg BT 490.59 89.75 Td (is ) Tj ET Q q 0 0 0 rg BT 499.06 89.75 Td (only ) Tj ET Q q 0 0 0 rg BT 518.64 89.75 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.32 77.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.58 77.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.60 77.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 154.85 77.75 Td (if ) Tj ET Q q 0 0 0 rg BT 163.00 77.75 Td (it ) Tj ET Q q 0 0 0 rg BT 170.60 77.75 Td (is ) Tj ET Q q 0 0 0 rg BT 179.31 77.75 Td (more ) Tj ET Q q 0 0 0 rg BT 206.34 77.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 231.15 77.75 Td (than ) Tj ET Q q 0 0 0 rg BT 250.41 77.75 Td (not ) Tj ET Q q 0 0 0 rg BT 269.67 77.75 Td (to ) Tj ET Q q 0 0 0 rg BT 279.49 77.75 Td (be ) Tj ET Q q 0 0 0 rg BT 290.96 77.75 Td (sustained ) Tj ET Q q 0 0 0 rg BT 330.22 77.75 Td (based ) Tj ET Q q 0 0 0 rg BT 355.03 77.75 Td (solely ) Tj ET Q q 0 0 0 rg BT 380.96 77.75 Td (on ) Tj ET Q q 0 0 0 rg BT 393.00 77.75 Td (its ) Tj ET Q q 0 0 0 rg BT 404.49 77.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 442.62 77.75 Td (merits ) Tj ET Q q 0 0 0 rg BT 469.66 77.75 Td (as ) Tj ET Q q 0 0 0 rg BT 480.03 77.75 Td (of ) Tj ET Q q 0 0 0 rg BT 490.40 77.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.66 77.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 543.35 77.75 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 77.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.75 Td (The ) Tj ET Q q 0 0 0 rg BT 66.75 65.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.34 65.75 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.81 65.75 Td (many ) Tj ET Q q 0 0 0 rg BT 170.73 65.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 199.64 65.75 Td (when ) Tj ET Q q 0 0 0 rg BT 223.00 65.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 266.36 65.75 Td (and ) Tj ET Q q 0 0 0 rg BT 282.50 65.75 Td (estimating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.16 65.75 Td ( ) Tj ET Q q 0 0 0 rg BT 325.86 65.75 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.01 65.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.93 65.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 388.76 65.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.90 65.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.82 65.75 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 454.68 65.75 Td (which ) Tj ET Q q 0 0 0 rg BT 480.82 65.75 Td (may ) Tj ET Q q 0 0 0 rg BT 499.74 65.75 Td (require ) Tj ET Q q 0 0 0 rg BT 529.76 65.75 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 53.75 Td (adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.27 53.75 Td ( ) Tj ET Q q 0 0 0 rg BT 100.81 53.75 Td (that ) Tj ET Q q 0 0 0 rg BT 119.34 53.75 Td (could ) Tj ET Q q 0 0 0 rg BT 145.10 53.75 Td (result ) Tj ET Q q 0 0 0 rg BT 170.85 53.75 Td (in ) Tj ET Q q 0 0 0 rg BT 182.16 53.75 Td (recognition ) Tj ET Q q 0 0 0 rg BT 231.24 53.75 Td (of ) Tj ET Q q 0 0 0 rg BT 243.11 53.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 286.64 53.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.39 53.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 337.58 53.75 Td (or ) Tj ET Q q 0 0 0 rg BT 349.45 53.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 392.97 53.75 Td (char) Tj ET Q q 0 0 0 rg BT 410.00 53.75 Td (ges ) Tj ET Q q 0 0 0 rg BT 426.87 53.75 Td (to ) Tj ET Q q 0 0 0 rg BT 438.18 53.75 Td (the ) Tj ET Q q 0 0 0 rg BT 453.94 53.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 469.69 53.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 511.00 53.75 Td (and ) Tj ET Q q 0 0 0 rg BT 528.98 53.75 Td (may ) Tj ET Q q 0 0 0 rg BT 549.73 53.75 Td (not ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 92.92 740.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 120.79 740.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 147.00 740.10 Td (outcomes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 207.88 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.11 740.10 Td (has ) Tj ET Q q 0 0 0 rg BT 264.78 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.55 740.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 298.89 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.00 740.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 341.89 740.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 375.31 740.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 407.08 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.86 740.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 461.74 740.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 505.18 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.29 740.10 Td (uncertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.89 728.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 102.19 728.10 Td (together ) Tj ET Q q 0 0 0 rg BT 137.13 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 157.09 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.48 728.10 Td (related ) Tj ET Q q 0 0 0 rg BT 200.86 728.10 Td (liability) Tj ET Q q 0 0 0 rg BT 231.32 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.00 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.62 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.01 728.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 305.29 728.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 340.78 728.10 Td (related ) Tj ET Q q 0 0 0 rg BT 370.16 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.12 728.10 Td (such ) Tj ET Q q 0 0 0 rg BT 400.62 728.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 435.55 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 449.94 728.10 Td (included ) Tj ET Q q 0 0 0 rg BT 486.55 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.51 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.90 728.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 550.86 728.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 716.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 689.80 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 127.89 689.80 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 672.80 Td (Comprehensive income consists of net income and other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.37 672.80 Td (income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.52 672.80 Td (. Other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.82 672.80 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.80 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.72 660.80 Td ( includes certain changes in equity that are excluded from net income, specifically unrealized gains \(losses\) on available-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.80 Td (for) Tj ET Q q 0 0 0 rg BT 60.96 648.80 Td (-sale investments. Except for net realized loss on investments which was not significant, there were no reclassifications out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.80 Td (of accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.44 636.80 Td (income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.59 636.80 Td ( that af) Tj ET Q q 0 0 0 rg BT 281.17 636.80 Td (fected net income during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.07 636.80 Td (years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.55 636.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.05 636.80 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.13 636.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.63 636.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.63 636.80 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 624.80 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 598.50 Td (Geographical ) Tj ET Q q 0 0 0 rg BT 120.11 598.50 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 582.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.27 582.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.38 582.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.27 582.10 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 186.48 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.48 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.92 582.10 Td (United ) Tj ET Q q 0 0 0 rg BT 243.36 582.10 Td (States ) Tj ET Q q 0 0 0 rg BT 270.47 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.13 582.10 Td (had ) Tj ET Q q 0 0 0 rg BT 305.79 582.10 Td (no ) Tj ET Q q 0 0 0 rg BT 319.01 582.10 Td (international ) Tj ET Q q 0 0 0 rg BT 372.77 582.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.64 582.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.20 582.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 451.86 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.86 582.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 506.62 582.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 538.73 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 582.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (United ) Tj ET Q q 0 0 0 rg BT 79.22 570.10 Td (States ) Tj ET Q q 0 0 0 rg BT 105.60 570.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.76 570.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.48 570.10 Td (years ) Tj ET Q q 0 0 0 rg BT 158.08 570.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.46 570.10 Td (December ) Tj ET Q q 0 0 0 rg BT 228.04 570.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.04 570.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 268.04 570.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 290.54 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.48 570.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.48 570.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 543.80 Td (Recent ) Tj ET Q q 0 0 0 rg BT 91.95 543.80 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 142.24 543.80 Td (Pronouncements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 526.80 Td (In May 2014, the Financial ) Tj ET Q q 0 0 0 rg BT 184.04 526.80 Td (Accounting Standards Board \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.84 526.80 Td (F) Tj ET Q q 0 0 0 rg BT 314.66 526.80 Td (ASB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.11 526.80 Td (\) issued ) Tj ET Q q 0 0 0 rg BT 371.33 526.80 Td (Accounting Standards Update \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.57 526.80 Td (ASU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.57 526.80 Td (\) No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.80 Td (2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.83 514.80 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 130.49 514.80 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.67 514.80 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.94 514.80 Td (ASU 2014-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.77 514.80 Td (\), which outlines a single comprehensive model for entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.80 Td (to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.80 Td (guidance, including industry-specific guidance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.11 490.80 Td (ASU 2014-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.95 490.80 Td ( also requires significantly expanded disclosures about revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.80 Td (recognition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.49 478.80 Td (ASU 2014-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.33 478.80 Td ( is ef) Tj ET Q q 0 0 0 rg BT 174.58 478.80 Td (fective for fiscal years, and interim periods within those years, beginning after December 15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 74.32 466.80 Td (The Company has not yet developed an expectation of the impact that adoption will have on its consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.80 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 437.80 Td (In ) Tj ET Q q 0 0 0 rg BT 83.78 437.80 Td (August 2014, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.89 437.80 Td (F) Tj ET Q q 0 0 0 rg BT 159.71 437.80 Td (ASB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.16 437.80 Td ( issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.61 437.80 Td (ASU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.61 437.80 Td ( No. 2014-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 286.66 437.80 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 325.18 437.80 Td (e of Uncertainties about an Entity) Tj ET Q q 0 0 0 rg BT 463.04 437.80 Td (s ) Tj ET Q q 0 0 0 rg BT 469.25 437.80 Td (Ability to Continue as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 425.80 Td (a Going Concern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.94 425.80 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.21 425.80 Td (ASU 2014-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.04 425.80 Td (\), which provides guidance on determining when and how reporting entities must disclose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.80 Td (going-concern uncertainties in their financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.59 413.80 Td (ASU 2014-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.42 413.80 Td ( requires management to perform interim and annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.80 Td (assessments of an entity) Tj ET Q q 0 0 0 rg BT 148.65 401.80 Td (s ability to continue as a going concern within one year of the date of issuance of the entity) Tj ET Q q 0 0 0 rg BT 515.21 401.80 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.80 Td (statements \(or within one year after the date on which the financial statements are available to be issued, when applicable\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.80 Td (Further) Tj ET Q q 0 0 0 rg BT 78.54 377.80 Td (, an entity must provide certain disclosures if there is substantial doubt about the entity) Tj ET Q q 0 0 0 rg BT 432.63 377.80 Td (s ability to continue as a going ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.80 Td (concern. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.03 365.80 Td (ASU 2014-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.87 365.80 Td ( is ef) Tj ET Q q 0 0 0 rg BT 165.13 365.80 Td (fective for annual periods ending after December 15, 2016, and interim periods thereafter; early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.80 Td (adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 139.30 353.80 Td (The Company does not believe that adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.49 353.80 Td (ASU 2014-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.32 353.80 Td ( will have a material impact on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.80 Td (consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 315.50 Td (Correction ) Tj ET Q q 0 0 0 rg BT 108.45 315.50 Td (of ) Tj ET Q q 0 0 0 rg BT 119.28 315.50 Td (Immaterial ) Tj ET Q q 0 0 0 rg BT 167.89 315.50 Td (Errors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 298.50 Td (During 2013 and the first three quarters of 2014, in preparing its quarterly and annual tax provisions, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.50 Td (incorrectly excluded a portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.06 286.50 Td (compensation to the Company) Tj ET Q q 0 0 0 rg BT 307.76 286.50 Td (s executive of) Tj ET Q q 0 0 0 rg BT 363.11 286.50 Td (ficers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.32 286.50 Td ( as nondeductible for income tax purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.50 Td (under Section 162\(m\) of the Internal Revenue Code. During the fourth quarter of 2014, management determined that such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.50 Td (compensation was, in fact, deductible and should have been included in the computation of the Company) Tj ET Q q 0 0 0 rg BT 473.00 262.50 Td (s historical income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.50 Td (tax computations. ) Tj ET Q q 0 0 0 rg BT 122.92 250.50 Td (The Company assessed the materiality of this misstatement on prior periods) Tj ET Q q 0 0 0 rg BT 428.78 250.50 Td ( financial statements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.50 Td (accordance with SEC) Tj ET Q q 0 0 0 rg BT 138.36 238.50 Td (s Staf) Tj ET Q q 0 0 0 rg BT 160.68 238.50 Td (f ) Tj ET Q q 0 0 0 rg BT 165.96 238.50 Td (Accounting Bulletin \("SAB"\) No. 99, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 318.83 238.50 Td (Materiality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.82 238.50 Td (, codified in ) Tj ET Q q 0 0 0 rg BT 413.81 238.50 Td (ASC 250, \("ASC 250"\), ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 226.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 226.50 Td (esentation of Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.72 226.50 Td (, and concluded that the misstatement was not material to any prior annual or interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.50 Td (periods, but the cumulative adjustment necessary to correct the classification would be material to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.50 Td (December 31, 2014. In accordance with ) Tj ET Q q 0 0 0 rg BT 211.10 202.50 Td (ASC 250 \(SAB No. 108, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.06 202.50 Td (Considering the Effects of Prior Y) Tj ET Q q 0 0 0 rg BT 448.53 202.50 Td (ear Misstatements when ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 190.50 Td (Quantifying Misstatements in Curr) Tj ET Q q 0 0 0 rg BT 188.85 190.50 Td (ent Y) Tj ET Q q 0 0 0 rg BT 208.21 190.50 Td (ear Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.75 190.50 Td (\), the financial statements as of December 31, 2013 and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.50 Td (year ended December 31, 2013, which are presented herein, have been corrected. ) Tj ET Q q 0 0 0 rg BT 376.38 178.50 Td (The financial statements have also been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.50 Td (revised to reflect the correction of certain other previously uncorrected immaterial prior period errors.) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The following tables summarize the previously reported and corrected amounts of the impacted balances presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (accompanying consolidated financial statements \(in thousands except per share data\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 655.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 655.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 625.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 595.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 595.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 565.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 565.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 535.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 535.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 505.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 505.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 475.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 475.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 445.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 445.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 445.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 445.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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519 703.6 m 563 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 679.6 m 227 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 679.6 m 231 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 679.6 m 275 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 679.6 m 279 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 679.6 m 323 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 679.6 m 327 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 679.6 m 371 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 679.6 m 375 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 679.6 m 419 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 679.6 m 423 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 679.6 m 467 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 679.6 m 471 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 679.6 m 515 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 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[] 0 d 0 J 0 j 3 M 231 535.6 m 275 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 535.6 m 323 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 535.6 m 371 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 535.6 m 419 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 535.6 m 467 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 535.6 m 515 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 535.6 m 563 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 505.6 m 227 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 505.6 m 275 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 505.6 m 323 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 505.6 m 371 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 505.6 m 419 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 505.6 m 467 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 505.6 m 515 505.6 l s 0 0 0 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555.27 Td (7,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 555.27 Td (7,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 555.27 Td (7,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 555.27 Td (30,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 540.27 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.60 540.72 Td (22,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.60 540.72 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 540.72 Td (21,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 540.72 Td (19,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.60 540.72 Td (19,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.60 540.72 Td (19,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.60 540.72 Td (18,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 540.72 Td (76,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 525.27 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.65 525.72 Td (8,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 525.72 Td (7,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 525.72 Td (1,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 525.72 Td (2,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 525.72 Td (5,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 525.72 Td (5,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 525.72 Td (5,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 525.72 Td (18,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 510.27 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.15 510.27 Td (134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 510.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 510.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 510.27 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 510.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 510.27 Td (151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 510.27 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 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BT 425.50 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 465.27 Td (3,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 465.27 Td (3,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.50 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 465.27 Td (12,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 450.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 435.27 Td (Net income per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 420.27 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 420.27 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 420.27 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 420.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 420.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 420.27 Td (0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 420.27 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 420.27 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 420.27 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 405.27 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 405.27 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 405.27 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 405.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 405.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 405.27 Td (0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 405.27 Td (0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 405.27 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 405.27 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 328.60 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 328.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 328.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 328.60 45.00 -15.00 re f /GS0 gs 0.8 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 118.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 118.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 118.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 118.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 118.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 88.60 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 88.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 88.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 88.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 88.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 88.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 88.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 88.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 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41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 513.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 513.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 513.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 513.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 483.50 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 483.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 483.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 483.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 483.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 483.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 483.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 483.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 483.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 453.50 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 453.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 453.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 453.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 453.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 453.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 453.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 453.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 453.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 453.50 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 732.5 m 217 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 732.5 m 221 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 732.5 m 262 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 732.5 m 266 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 732.5 m 310 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 732.5 m 314 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 732.5 m 355 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 732.5 m 359 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 732.5 m 399 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 732.5 m 403 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 732.5 m 444 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 732.5 m 448 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 732.5 m 492 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 732.5 m 496 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 732.5 m 554 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 732.5 m 217 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 717.5 m 217 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 732.5 m 221 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 717.5 m 221 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 732.5 m 262 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 717.5 m 262 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 732.5 m 266 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 717.5 m 266 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 732.5 m 310 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 717.5 m 310 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 732.5 m 314 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 717.5 m 314 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 732.5 m 355 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 717.5 m 355 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 732.5 m 359 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 717.5 m 359 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 732.5 m 399 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 717.5 m 399 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 732.5 m 403 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 717.5 m 403 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 732.5 m 444 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 717.5 m 444 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 732.5 m 448 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 717.5 m 448 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 732.5 m 492 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 717.5 m 492 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 732.5 m 496 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 732.5 m 554 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 717.5 m 554 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 717.5 m 403 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 717.5 m 444 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 693.5 m 444 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 717.5 m 448 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 717.5 m 492 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 693.5 m 492 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 717.5 m 554 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 693.5 m 554 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 693.5 m 554 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 663.5 m 217 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 663.5 m 262 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 663.5 m 310 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 663.5 m 355 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 663.5 m 399 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j 3 M 266 588.5 m 310 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 588.5 m 355 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 588.5 m 399 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 588.5 m 444 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 588.5 m 492 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 588.5 m 554 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 573.5 m 217 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 573.5 m 262 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 573.5 m 310 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 573.5 m 355 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 573.5 m 399 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 573.5 m 444 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 573.5 m 492 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 573.5 m 554 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 543.5 m 217 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 543.5 m 262 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 543.5 m 310 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 543.5 m 355 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 543.5 m 399 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 543.5 m 444 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 543.5 m 492 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 543.5 m 554 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 513.5 m 217 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 513.5 m 262 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 513.5 m 310 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 513.5 m 355 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 513.5 m 399 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 513.5 m 444 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 513.5 m 492 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 513.5 m 554 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 499.5 m 217 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 497.5 m 217 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 499.5 m 262 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 497.5 m 262 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 499.5 m 310 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 497.5 m 310 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 499.5 m 355 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 497.5 m 355 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 499.5 m 399 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 497.5 m 399 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 499.5 m 444 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 437.5 m 355 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 439.5 m 399 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 437.5 m 399 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 439.5 m 444 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 437.5 m 444 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 439.5 m 492 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 437.5 m 492 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 439.5 m 554 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 437.5 m 554 437.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.60 737.18 Td (As Corrected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 722.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.15 722.18 Td (Three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.55 722.18 Td (Year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.20 708.18 Td (Sep 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.50 698.18 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.40 708.18 Td (Jun 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 698.18 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.65 708.18 Td (Mar 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.50 698.18 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.45 708.18 Td (Dec 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 698.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.20 708.18 Td (Sep 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.50 698.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.40 708.18 Td (Jun 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 698.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 698.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.65 708.18 Td (Mar 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 698.18 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.95 708.18 Td (Dec 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.50 698.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 683.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.60 683.17 Td (42,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 683.17 Td (39,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.60 683.17 Td (32,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 683.17 Td (30,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 683.17 Td (33,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 683.17 Td (34,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 683.17 Td (30,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 683.17 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 668.17 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.60 668.17 Td (11,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 668.17 Td (10,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 668.17 Td (9,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 668.17 Td (8,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 668.17 Td (8,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 668.17 Td (8,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 668.17 Td (7,611) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 668.17 Td (32,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 653.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.60 653.62 Td (31,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 653.62 Td (29,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.60 653.62 Td (22,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 653.62 Td (22,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 653.62 Td (24,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 653.62 Td (25,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 653.62 Td (23,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 653.62 Td (95,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 638.17 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 623.17 Td (Salesandmarketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 623.17 Td (6,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 623.17 Td (6,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 623.17 Td (6,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 623.17 Td (6,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 623.17 Td (5,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 623.17 Td (5,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 623.17 Td (4,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 623.17 Td (21,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 608.17 Td (Researchanddevelopment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 608.17 Td (6,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 608.17 Td (6,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 608.17 Td (6,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 608.17 Td (6,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 608.17 Td (6,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 608.17 Td (6,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 608.17 Td (5,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 608.17 Td (24,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 593.17 Td (Generalandadministrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 593.17 Td (9,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 593.17 Td (9,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 593.17 Td (8,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 593.17 Td (7,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 593.17 Td (7,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 593.17 Td (7,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 593.17 Td (7,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 593.17 Td (30,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.17 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.60 578.62 Td (22,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 578.62 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.60 578.62 Td (21,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 578.62 Td (19,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 578.62 Td (19,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 578.62 Td (19,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 578.62 Td (18,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 578.62 Td (76,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.17 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 563.62 Td (8,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 563.62 Td (7,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 563.62 Td (957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 563.62 Td (2,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 563.62 Td (5,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 563.62 Td (6,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 563.62 Td (5,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 563.62 Td (18,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 548.17 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.15 548.17 Td (134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 548.17 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 548.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 548.17 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 548.17 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 548.17 Td (151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 548.17 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 548.17 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 533.17 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 533.17 Td (9,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 533.17 Td (7,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 533.17 Td (1,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 533.17 Td (2,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 533.17 Td (5,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 533.17 Td (6,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 533.17 Td (5,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 533.17 Td (19,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 518.17 Td (Incometaxprovision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 518.17 Td (3,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 518.17 Td (2,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 518.17 Td (275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 518.17 Td (703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 518.17 Td (1,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 518.17 Td (2,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 518.17 Td (1,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 518.17 Td (6,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 503.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 503.17 Td (5,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 503.17 Td (4,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 503.17 Td (782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 503.17 Td (1,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 503.17 Td (3,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 503.17 Td (3,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 503.17 Td (4,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 503.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 503.17 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 488.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 473.17 Td (Net income per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 458.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.65 458.17 Td (0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 458.17 Td (0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 458.17 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 458.17 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 458.17 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 458.17 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 458.17 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 458.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 443.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.65 443.17 Td (0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 443.17 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 443.17 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 443.17 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 443.17 Td (0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 443.17 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 443.17 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 443.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 443.17 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 409.50 184.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 409.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 409.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 409.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 409.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 409.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 370.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 370.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 370.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 370.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 340.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 340.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 340.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 340.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 310.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 310.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 310.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 310.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 310.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 310.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 280.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 280.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 280.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 280.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 280.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 280.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 250.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 250.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 250.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 250.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 250.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 250.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 220.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 220.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 220.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 220.50 107.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 409.5 m 340 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 409.5 m 451 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 409.5 m 562 409.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.50 414.18 Td (As Previously Reported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.75 414.18 Td (Adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.60 414.18 Td (As Corrected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 400.18 Td (Balance Sheet Items as of December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 390.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 375.17 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 375.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 375.17 Td (6,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 375.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 375.22 Td (\(297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 375.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 375.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 375.17 Td (6,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 360.17 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 360.17 Td (98,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 360.22 Td (\(297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 360.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 360.17 Td (97,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 345.17 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 345.17 Td (12,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 345.17 Td (118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 345.17 Td (12,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 330.17 Td (Deposits and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 330.17 Td (5,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 330.17 Td (1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 330.17 Td (6,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 315.17 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 315.17 Td (228,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 315.17 Td (1,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 315.17 Td (229,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 300.17 Td (Accrued and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 300.17 Td (10,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 300.22 Td (\(898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 300.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 300.17 Td (9,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 285.17 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 285.17 Td (20,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 285.22 Td (\(898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 285.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 285.17 Td (19,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 270.17 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 270.17 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 270.17 Td (898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 270.17 Td (1,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 255.17 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 255.17 Td (212,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 255.17 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 255.17 Td (212,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 240.17 Td 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stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (67) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 732.50 184.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 732.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 732.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 732.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 732.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 732.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 683.50 184.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 683.50 107.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 683.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 683.50 107.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 683.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 683.50 107.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 623.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 623.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 623.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 623.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 623.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 623.50 107.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 732.5 m 340 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 732.5 m 451 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 732.5 m 562 732.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.50 737.18 Td (As Previously Reported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.75 737.18 Td (Adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.60 737.18 Td (As Corrected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 723.18 Td (Statement of Stockholders Equity Items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 713.18 Td (for the Year Ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 698.17 Td (Net income for the year ended December) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 688.17 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 688.17 Td (12,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 688.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 688.17 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 673.17 Td (Excess tax benefit from exercise of stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 663.17 Td (options for the year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 653.17 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 653.17 Td (6,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 653.17 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 653.17 Td (6,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 638.17 Td (Additional paid-in capital at December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 628.17 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 628.17 Td (212,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 628.17 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 628.17 Td (212,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 613.17 Td (Accumulated deficit at December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.30 613.22 Td (\(5,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 613.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 613.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 613.22 Td (\(4,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 613.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 598.17 Td (Total stockholders equity at December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 588.17 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 588.17 Td (206,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 588.17 Td (1,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 588.17 Td (207,927) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 554.50 184.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 554.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 554.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 554.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 554.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 554.50 107.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 515.50 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 515.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 515.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 515.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 515.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 515.50 107.00 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f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 395.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 395.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 395.50 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 395.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 395.50 107.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 554.5 m 340 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 554.5 m 451 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 554.5 m 562 554.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.50 559.18 Td (As Previously Reported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.75 559.18 Td (Adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.60 559.18 Td (As Corrected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 545.18 Td (Statement of Cash Flows Items for the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 535.18 Td (Year Ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 520.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 520.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 520.17 Td (12,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 520.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 520.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 520.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 520.17 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 505.17 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 505.17 Td (4,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 505.22 Td (\(118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 505.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 505.17 Td (4,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 490.17 Td (Excess tax benefit from exercise of stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 480.17 Td (options \(operating activities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.30 480.22 Td (\(6,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 480.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 480.22 Td (\(289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 480.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 480.22 Td (\(6,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 480.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 465.17 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.30 465.22 Td (\(2,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 465.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 465.22 Td (\(1,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 465.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 465.22 Td (\(4,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 465.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 450.17 Td (Change in prepaid expenses and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 440.17 Td (current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 440.17 Td (3,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 440.17 Td (753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 440.17 Td (4,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 425.17 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 425.17 Td (29,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 425.22 Td (\(289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 425.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 425.17 Td (28,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 410.17 Td (Excess tax benefit from exercise of stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 400.17 Td (options \(financing activities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 400.17 Td (6,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 400.17 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 400.17 Td (6,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 385.17 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 385.17 Td (12,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 385.17 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 385.17 Td (12,703) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 354.70 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 354.70 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 354.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 354.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 112.83 354.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 146.99 354.70 Td (Per) Tj ET Q q 0 0 0 rg BT 161.79 354.70 Td ( ) Tj ET Q q 0 0 0 rg BT 164.29 354.70 Td (Shar) Tj ET Q q 0 0 0 rg BT 184.68 354.70 Td (e ) Tj ET Q q 0 0 0 rg BT 191.61 354.70 Td (of ) Tj ET Q q 0 0 0 rg BT 202.44 354.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 244.39 354.70 Td (Stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.28 354.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 337.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 90.91 337.70 Td (income ) Tj ET Q q 0 0 0 rg BT 123.31 337.70 Td (per ) Tj ET Q q 0 0 0 rg BT 139.04 337.70 Td (share ) Tj ET Q q 0 0 0 rg BT 163.11 337.70 Td (of ) Tj ET Q q 0 0 0 rg BT 174.41 337.70 Td (common ) Tj ET Q q 0 0 0 rg BT 212.37 337.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.45 337.70 Td (is ) Tj ET Q q 0 0 0 rg BT 246.08 337.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 289.58 337.70 Td (by ) Tj ET Q q 0 0 0 rg BT 302.55 337.70 Td (dividing ) Tj ET Q q 0 0 0 rg BT 338.85 337.70 Td (net ) Tj ET Q q 0 0 0 rg BT 354.04 337.70 Td (income ) Tj ET Q q 0 0 0 rg BT 386.44 337.70 Td (by ) Tj ET Q q 0 0 0 rg BT 399.40 337.70 Td (the ) Tj ET Q q 0 0 0 rg BT 414.59 337.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 454.21 337.70 Td (average ) Tj ET Q q 0 0 0 rg BT 488.26 337.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.22 337.70 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 337.70 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.33 325.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 122.73 325.70 Td (during ) Tj ET Q q 0 0 0 rg BT 151.56 325.70 Td (the ) Tj ET Q q 0 0 0 rg BT 166.50 325.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 197.28 325.70 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 230.00 325.70 Td (net ) Tj ET Q q 0 0 0 rg BT 244.94 325.70 Td (income ) Tj ET Q q 0 0 0 rg BT 277.10 325.70 Td (per ) Tj ET Q q 0 0 0 rg BT 292.59 325.70 Td (share ) Tj ET Q q 0 0 0 rg BT 316.42 325.70 Td (of ) Tj ET Q q 0 0 0 rg BT 327.48 325.70 Td (common ) Tj ET Q q 0 0 0 rg BT 365.20 325.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 389.03 325.70 Td (is ) Tj ET Q q 0 0 0 rg BT 398.43 325.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 441.68 325.70 Td (by ) Tj ET Q q 0 0 0 rg BT 454.41 325.70 Td (dividing ) Tj ET Q q 0 0 0 rg BT 490.47 325.70 Td (net ) Tj ET Q q 0 0 0 rg BT 505.41 325.70 Td (income ) Tj ET Q q 0 0 0 rg BT 537.57 325.70 Td (by ) Tj ET Q q 0 0 0 rg BT 550.30 325.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 88.71 313.70 Td (average ) Tj ET Q q 0 0 0 rg BT 122.35 313.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 149.89 313.70 Td (of ) Tj ET Q q 0 0 0 rg BT 160.77 313.70 Td (common ) Tj ET Q q 0 0 0 rg BT 198.32 313.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.99 313.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 271.20 313.70 Td (and ) Tj ET Q q 0 0 0 rg BT 288.20 313.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 325.74 313.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.28 313.70 Td (of ) Tj ET Q q 0 0 0 rg BT 364.17 313.70 Td (common ) Tj ET Q q 0 0 0 rg BT 401.72 313.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 425.38 313.70 Td (during ) Tj ET Q q 0 0 0 rg BT 454.04 313.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.81 313.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 499.41 313.70 Td (Potential ) Tj ET Q q 0 0 0 rg BT 537.52 313.70 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.40 301.70 Td (common ) Tj ET Q q 0 0 0 rg BT 97.97 301.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 121.65 301.70 Td (include ) Tj ET Q q 0 0 0 rg BT 153.65 301.70 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 186.77 301.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 214.33 301.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 262.44 301.70 Td (to ) Tj ET Q q 0 0 0 rg BT 272.79 301.70 Td (the ) Tj ET Q q 0 0 0 rg BT 287.58 301.70 Td (assumed ) Tj ET Q q 0 0 0 rg BT 324.59 301.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 359.91 301.70 Td (of ) Tj ET Q q 0 0 0 rg BT 370.81 301.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 394.49 301.70 Td (options, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.01 301.70 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.36 301.70 Td (, ) Tj ET Q q 0 0 0 rg BT 457.43 301.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 510.52 301.70 Td (share ) Tj ET Q q 0 0 0 rg BT 534.19 301.70 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.70 Td (\(Performance ) Tj ET Q q 0 0 0 rg BT 110.30 289.70 Td (A) Tj ET Q q 0 0 0 rg BT 116.60 289.70 Td (wards\) ) Tj ET Q q 0 0 0 rg BT 150.75 289.70 Td (and ) Tj ET Q q 0 0 0 rg BT 167.69 289.70 Td (Employee ) Tj ET Q q 0 0 0 rg BT 210.74 289.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 236.01 289.70 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 274.61 289.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 294.89 289.70 Td (\(ESPP\) ) Tj ET Q q 0 0 0 rg BT 335.72 289.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 363.21 289.70 Td (using ) Tj ET Q q 0 0 0 rg BT 387.38 289.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.10 289.70 Td (treasury ) Tj ET Q q 0 0 0 rg BT 436.80 289.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 460.41 289.70 Td (method, ) Tj ET Q q 0 0 0 rg BT 495.41 289.70 Td (if ) Tj ET Q q 0 0 0 rg BT 504.02 289.70 Td (dilutive.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 740.10 Td (components ) Tj ET Q q 0 0 0 rg BT 142.37 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.20 740.10 Td (net ) Tj ET Q q 0 0 0 rg BT 167.92 740.10 Td (income ) Tj ET Q q 0 0 0 rg BT 199.85 740.10 Td (per ) Tj ET Q q 0 0 0 rg BT 215.12 740.10 Td (share ) Tj ET Q q 0 0 0 rg BT 238.72 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.55 740.10 Td (common ) Tj ET Q q 0 0 0 rg BT 287.04 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 310.65 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 332.58 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.41 740.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 670.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 670.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 670.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 670.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 640.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 640.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 640.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 640.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 610.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 610.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 610.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 610.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 580.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 580.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 580.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 580.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 550.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 550.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 550.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 550.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 520.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 520.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 520.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 520.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 520.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 714.6 m 443 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 714.6 m 447 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 714.6 m 503 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 714.6 m 507 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 699.6 m 443 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 699.6 m 503 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 699.6 m 563 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 656.6 m 443 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 654.6 m 443 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 656.6 m 503 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 654.6 m 503 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 656.6 m 563 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 654.6 m 563 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 626.6 m 443 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 624.6 m 443 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 626.6 m 503 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 624.6 m 503 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 626.6 m 563 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 624.6 m 563 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 595.6 m 443 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 595.6 m 503 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 595.6 m 563 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 565.6 m 443 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 565.6 m 503 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 565.6 m 563 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 551.6 m 443 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 549.6 m 443 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 551.6 m 503 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 549.6 m 503 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 565.6 m 563 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 551.6 m 563 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 549.6 m 563 549.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 719.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 719.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 718.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 704.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 704.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 703.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 703.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 703.83 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 674.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.90 690.83 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 492.66 690.83 Td (e and per) Tj ET Q q 0 0 0 rg BT 524.51 690.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 541.48 690.83 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.45 682.83 Td (amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 661.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 660.27 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 660.27 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 660.27 Td (19,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 646.17 Td (Basic shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 631.17 Td (Weighted average common shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.60 630.06 Td (27,858,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.60 630.06 Td (26,581,962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.60 630.06 Td (23,523,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 616.17 Td (Diluted shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 601.17 Td (Weighted average shares used to compute basic net income per share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.60 600.06 Td (27,858,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.60 600.06 Td (26,581,962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.60 600.06 Td (23,523,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 586.17 Td (Effect of potentially dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 571.17 Td (Employee stock options, RSUs, Performance Awards and ESPP shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.10 570.06 Td (1,735,045) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.10 570.06 Td (1,920,441) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.10 570.06 Td (2,013,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 556.17 Td (Weighted average shares used to compute diluted net income per share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.60 555.06 Td (29,593,873) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.60 555.06 Td (28,502,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.60 555.06 Td (25,537,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 541.17 Td (Net income per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 526.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 525.27 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 525.27 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 525.27 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 511.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 510.27 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 510.27 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 510.27 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.22 485.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.28 485.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 169.44 485.10 Td (common ) Tj ET Q q 0 0 0 rg BT 206.61 485.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.77 485.10 Td (were ) Tj ET Q q 0 0 0 rg BT 255.37 485.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 293.63 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 315.25 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.63 485.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 381.80 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.30 485.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 422.24 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 436.63 485.10 Td (income ) Tj ET Q q 0 0 0 rg BT 468.24 485.10 Td (per ) Tj ET Q q 0 0 0 rg BT 483.18 485.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 508.95 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.45 485.10 Td (their ) Tj ET Q q 0 0 0 rg BT 539.95 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.54 485.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.00 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 98.38 473.10 Td (been ) Tj ET Q q 0 0 0 rg BT 119.75 473.10 Td (anti-dilutive:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 432.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 432.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 432.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 432.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 447.6 m 449 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 447.6 m 453 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 447.6 m 506 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 447.6 m 510 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 447.6 m 563 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 447.6 m 449 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 432.6 m 449 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 447.6 m 453 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 447.6 m 506 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 432.6 m 506 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 447.6 m 563 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 432.6 m 563 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 432.6 m 449 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 432.6 m 506 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 432.6 m 563 432.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 452.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 452.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 451.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 437.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 436.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 436.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 436.83 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.17 Td (Employee stock options and awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 422.27 Td (624,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 422.27 Td (758,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 422.27 Td (252,462) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 397.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 126.78 397.10 Td (A) Tj ET Q q 0 0 0 rg BT 133.09 397.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.97 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.79 397.10 Td (are ) Tj ET Q q 0 0 0 rg BT 174.82 397.10 Td (included ) Tj ET Q q 0 0 0 rg BT 212.08 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.68 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.72 397.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 268.32 397.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 296.14 397.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 345.62 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.11 397.10 Td (each ) Tj ET Q q 0 0 0 rg BT 381.25 397.10 Td (period ) Tj ET Q q 0 0 0 rg BT 409.62 397.10 Td (if ) Tj ET Q q 0 0 0 rg BT 418.55 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.59 397.10 Td (established ) Tj ET Q q 0 0 0 rg BT 480.85 397.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 534.19 397.10 Td (criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (have ) Tj ET Q q 0 0 0 rg BT 70.81 385.10 Td (been ) Tj ET Q q 0 0 0 rg BT 92.13 385.10 Td (met ) Tj ET Q q 0 0 0 rg BT 109.56 385.10 Td (at ) Tj ET Q q 0 0 0 rg BT 119.22 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.87 385.10 Td (end ) Tj ET Q q 0 0 0 rg BT 150.75 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.52 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.17 385.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 219.14 385.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 253.52 385.10 Td (However) Tj ET Q q 0 0 0 rg BT 289.77 385.10 Td (, ) Tj ET Q q 0 0 0 rg BT 294.71 385.10 Td (if ) Tj ET Q q 0 0 0 rg BT 303.25 385.10 Td (none ) Tj ET Q q 0 0 0 rg BT 325.13 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.90 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.55 385.10 Td (required ) Tj ET Q q 0 0 0 rg BT 386.31 385.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 439.27 385.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 470.01 385.10 Td (have ) Tj ET Q q 0 0 0 rg BT 491.33 385.10 Td (been ) Tj ET Q q 0 0 0 rg BT 512.64 385.10 Td (met ) Tj ET Q q 0 0 0 rg BT 530.08 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.18 385.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 82.84 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.57 373.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.98 373.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 174.82 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.55 373.10 Td (number ) Tj ET Q q 0 0 0 rg BT 222.62 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.46 373.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 260.97 373.10 Td (that ) Tj ET Q q 0 0 0 rg BT 278.48 373.10 Td (would ) Tj ET Q q 0 0 0 rg BT 306.00 373.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.95 373.10 Td (issuable ) Tj ET Q q 0 0 0 rg BT 352.69 373.10 Td (if ) Tj ET Q q 0 0 0 rg BT 361.31 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.05 373.10 Td (end ) Tj ET Q q 0 0 0 rg BT 393.00 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.85 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.58 373.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.76 373.10 Td (period ) Tj ET Q q 0 0 0 rg BT 485.82 373.10 Td (were ) Tj ET Q q 0 0 0 rg BT 507.77 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.50 373.10 Td (end ) Tj ET Q q 0 0 0 rg BT 539.46 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 373.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (contingency ) Tj ET Q q 0 0 0 rg BT 101.53 361.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 132.04 361.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 181.38 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.04 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.98 361.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 233.91 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.85 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.23 361.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.38 361.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 313.76 361.10 Td (above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.29 361.10 Td (588,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.79 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.96 361.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 432.50 361.10 Td (A) Tj ET Q q 0 0 0 rg BT 438.81 361.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.69 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.85 361.10 Td (were ) Tj ET Q q 0 0 0 rg BT 488.44 361.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 527.69 361.10 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 361.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 82.45 349.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 109.84 349.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 158.90 349.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.96 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.57 349.10 Td (year ) Tj ET Q q 0 0 0 rg BT 207.18 349.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.45 349.10 Td (December ) Tj ET Q q 0 0 0 rg BT 276.93 349.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 291.83 349.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 316.73 349.10 Td (No ) Tj ET Q q 0 0 0 rg BT 331.35 349.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 358.73 349.10 Td (were ) Tj ET Q q 0 0 0 rg BT 380.56 349.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 419.05 349.10 Td (from ) Tj ET Q q 0 0 0 rg BT 440.89 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.50 349.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 488.45 349.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.84 349.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 337.10 Td (years ) Tj ET Q q 0 0 0 rg BT 101.98 337.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 128.35 337.10 Td (December ) Tj ET Q q 0 0 0 rg BT 171.94 337.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.94 337.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 209.44 337.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.27 337.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 310.80 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 310.80 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 310.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 310.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 137.84 310.80 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 192.57 310.80 Td (and ) Tj ET Q q 0 0 0 rg BT 211.19 310.80 Td (Fair) Tj ET Q q 0 0 0 rg BT 229.34 310.80 Td ( ) Tj ET Q q 0 0 0 rg BT 231.66 310.80 Td (V) Tj ET Q q 0 0 0 rg BT 237.96 310.80 Td (alue ) Tj ET Q q 0 0 0 rg BT 258.24 310.80 Td (Measur) Tj ET Q q 0 0 0 rg BT 290.83 310.80 Td (ements) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 289.80 Td (Fair ) Tj ET Q q 0 0 0 rg BT 92.66 289.80 Td (value ) Tj ET Q q 0 0 0 rg BT 117.38 289.80 Td (is ) Tj ET Q q 0 0 0 rg BT 127.10 289.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 160.14 289.80 Td (as ) Tj ET Q q 0 0 0 rg BT 171.53 289.80 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 289.80 Td (price ) Tj ET Q q 0 0 0 rg BT 209.84 289.80 Td (that ) Tj ET Q q 0 0 0 rg BT 227.89 289.80 Td (would ) Tj ET Q q 0 0 0 rg BT 255.95 289.80 Td (be ) Tj ET Q q 0 0 0 rg BT 268.44 289.80 Td (received ) Tj ET Q q 0 0 0 rg BT 305.36 289.80 Td (from ) Tj ET Q q 0 0 0 rg BT 327.85 289.80 Td (selling ) Tj ET Q q 0 0 0 rg BT 357.57 289.80 Td (an ) Tj ET Q q 0 0 0 rg BT 370.07 289.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.56 289.80 Td (or ) Tj ET Q q 0 0 0 rg BT 403.95 289.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.22 289.80 Td (to ) Tj ET Q q 0 0 0 rg BT 435.05 289.80 Td (transfer ) Tj ET Q q 0 0 0 rg BT 468.65 289.80 Td (a ) Tj ET Q q 0 0 0 rg BT 476.14 289.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 510.31 289.80 Td (in ) Tj ET Q q 0 0 0 rg BT 521.14 289.80 Td (an ) Tj ET Q q 0 0 0 rg BT 533.63 289.80 Td (orderly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 95.86 277.80 Td (between ) Tj ET Q q 0 0 0 rg BT 131.67 277.80 Td (market ) Tj ET Q q 0 0 0 rg BT 161.93 277.80 Td (participants ) Tj ET Q q 0 0 0 rg BT 211.07 277.80 Td (at ) Tj ET Q q 0 0 0 rg BT 220.78 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 235.49 277.80 Td (measurement ) Tj ET Q q 0 0 0 rg BT 291.29 277.80 Td (date. ) Tj ET Q q 0 0 0 rg BT 312.94 277.80 Td (Fair ) Tj ET Q q 0 0 0 rg BT 331.54 277.80 Td (value ) Tj ET Q q 0 0 0 rg BT 355.69 277.80 Td (measurements ) Tj ET Q q 0 0 0 rg BT 415.39 277.80 Td (are ) Tj ET Q q 0 0 0 rg BT 430.09 277.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 470.34 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 487.27 277.80 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 526.98 277.80 Td (in ) Tj ET Q q 0 0 0 rg BT 537.25 277.80 Td (one ) Tj ET Q q 0 0 0 rg BT 554.19 277.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.80 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 265.80 Td (following ) Tj ET Q q 0 0 0 rg BT 105.60 265.80 Td (three ) Tj ET Q q 0 0 0 rg BT 128.09 265.80 Td (categories:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 244.80 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 104.76 244.80 Td ( ) Tj ET Q q 0 0 0 rg BT 117.08 244.80 Td (V) Tj ET Q q 0 0 0 rg BT 123.20 244.80 Td (aluations ) Tj ET Q q 0 0 0 rg BT 161.80 244.80 Td (based ) Tj ET Q q 0 0 0 rg BT 187.07 244.80 Td (on ) Tj ET Q q 0 0 0 rg BT 199.57 244.80 Td (quoted ) Tj ET Q q 0 0 0 rg BT 229.29 244.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 255.66 244.80 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 244.80 Td (active ) Tj ET Q q 0 0 0 rg BT 292.31 244.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 326.47 244.80 Td (for ) Tj ET Q q 0 0 0 rg BT 340.63 244.80 Td (identical ) Tj ET Q q 0 0 0 rg BT 377.56 244.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.39 244.80 Td (or ) Tj ET Q q 0 0 0 rg BT 414.22 244.80 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.93 244.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 223.80 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 104.97 223.80 Td ( ) Tj ET Q q 0 0 0 rg BT 117.47 223.80 Td (V) Tj ET Q q 0 0 0 rg BT 123.58 223.80 Td (aluations ) Tj ET Q q 0 0 0 rg BT 162.39 223.80 Td (based ) Tj ET Q q 0 0 0 rg BT 187.86 223.80 Td (on ) Tj ET Q q 0 0 0 rg BT 200.56 223.80 Td (other ) Tj ET Q q 0 0 0 rg BT 223.81 223.80 Td (than ) Tj ET Q q 0 0 0 rg BT 243.73 223.80 Td (quoted ) Tj ET Q q 0 0 0 rg BT 273.65 223.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 300.23 223.80 Td (in ) Tj ET Q q 0 0 0 rg BT 310.71 223.80 Td (active ) Tj ET Q q 0 0 0 rg BT 337.28 223.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 371.64 223.80 Td (for ) Tj ET Q q 0 0 0 rg BT 386.00 223.80 Td (identical ) Tj ET Q q 0 0 0 rg BT 423.13 223.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.16 223.80 Td (and ) Tj ET Q q 0 0 0 rg BT 466.30 223.80 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 508.72 223.80 Td (quoted ) Tj ET Q q 0 0 0 rg BT 538.64 223.80 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 211.80 Td (for ) Tj ET Q q 0 0 0 rg BT 86.13 211.80 Td (identical ) Tj ET Q q 0 0 0 rg BT 123.02 211.80 Td (or ) Tj ET Q q 0 0 0 rg BT 133.81 211.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 164.05 211.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.85 211.80 Td (or ) Tj ET Q q 0 0 0 rg BT 200.64 211.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 240.32 211.80 Td (in ) Tj ET Q q 0 0 0 rg BT 250.57 211.80 Td (inactive ) Tj ET Q q 0 0 0 rg BT 284.68 211.80 Td (markets, ) Tj ET Q q 0 0 0 rg BT 321.30 211.80 Td (or ) Tj ET Q q 0 0 0 rg BT 332.10 211.80 Td (other ) Tj ET Q q 0 0 0 rg BT 355.11 211.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 382.02 211.80 Td (that ) Tj ET Q q 0 0 0 rg BT 399.48 211.80 Td (are ) Tj ET Q q 0 0 0 rg BT 414.15 211.80 Td (observable ) Tj ET Q q 0 0 0 rg BT 459.93 211.80 Td (or ) Tj ET Q q 0 0 0 rg BT 470.73 211.80 Td (can ) Tj ET Q q 0 0 0 rg BT 487.07 211.80 Td (be ) Tj ET Q q 0 0 0 rg BT 498.97 211.80 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 552.52 211.80 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 199.80 Td (observable ) Tj ET Q q 0 0 0 rg BT 117.82 199.80 Td (market ) Tj ET Q q 0 0 0 rg BT 148.08 199.80 Td (data ) Tj ET Q q 0 0 0 rg BT 167.23 199.80 Td (for ) Tj ET Q q 0 0 0 rg BT 181.39 199.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 234.45 199.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.16 199.80 Td (full ) Tj ET Q q 0 0 0 rg BT 265.55 199.80 Td (term ) Tj ET Q q 0 0 0 rg BT 286.38 199.80 Td (of ) Tj ET Q q 0 0 0 rg BT 297.21 199.80 Td (the ) Tj ET Q q 0 0 0 rg BT 311.92 199.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.75 199.80 Td (or ) Tj ET Q q 0 0 0 rg BT 348.58 199.80 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 199.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.80 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 105.94 178.80 Td ( ) Tj ET Q q 0 0 0 rg BT 119.34 178.80 Td (V) Tj ET Q q 0 0 0 rg BT 125.46 178.80 Td (aluations ) Tj ET Q q 0 0 0 rg BT 165.23 178.80 Td (based ) Tj ET Q q 0 0 0 rg BT 191.68 178.80 Td (on ) Tj ET Q q 0 0 0 rg BT 205.35 178.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 233.47 178.80 Td (that ) Tj ET Q q 0 0 0 rg BT 252.14 178.80 Td (are ) Tj ET Q q 0 0 0 rg BT 268.02 178.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 308.90 178.80 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 365.88 178.80 Td (and ) Tj ET Q q 0 0 0 rg BT 384.00 178.80 Td (typically ) Tj ET Q q 0 0 0 rg BT 422.66 178.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 451.87 178.80 Td (management) Tj ET Q q 0 0 0 rg BT 505.73 178.80 Td (s ) Tj ET Q q 0 0 0 rg BT 513.30 178.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 554.18 178.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 123.95 166.80 Td (that ) Tj ET Q q 0 0 0 rg BT 141.44 166.80 Td (market ) Tj ET Q q 0 0 0 rg BT 171.71 166.80 Td (participants ) Tj ET Q q 0 0 0 rg BT 220.86 166.80 Td (would ) Tj ET Q q 0 0 0 rg BT 248.36 166.80 Td (use ) Tj ET Q q 0 0 0 rg BT 264.19 166.80 Td (in ) Tj ET Q q 0 0 0 rg BT 274.47 166.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 305.29 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 320.01 166.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 345.84 166.80 Td (or ) Tj ET Q q 0 0 0 rg BT 356.67 166.80 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.78 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.40 740.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 159.45 740.10 Td (set ) Tj ET Q q 0 0 0 rg BT 173.29 740.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 195.47 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 208.20 740.10 Td (level ) Tj ET Q q 0 0 0 rg BT 230.36 740.10 Td (within ) Tj ET Q q 0 0 0 rg BT 258.65 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.60 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.21 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.60 740.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 355.08 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.03 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 411.70 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 418.32 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.03 740.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.09 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.82 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.98 740.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 728.10 Td (at ) Tj ET Q q 0 0 0 rg BT 73.38 728.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.75 728.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.91 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.41 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.35 728.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 172.49 728.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 197.49 728.10 Td (according ) Tj ET Q q 0 0 0 rg BT 239.42 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.70 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.41 728.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 304.12 728.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 349.39 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.10 728.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.49 728.10 Td (used ) Tj ET Q q 0 0 0 rg BT 426.32 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.60 728.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 479.08 728.10 Td (their ) Tj ET Q q 0 0 0 rg BT 499.91 728.10 Td (values:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 668.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 668.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 668.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 668.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 638.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 638.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 638.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 638.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 638.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 608.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 608.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 608.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 608.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 521.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 521.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 521.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 521.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 491.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 461.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 461.60 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 461.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 461.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 461.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 696.6 m 435 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 696.6 m 439 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 696.6 m 499 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 696.6 m 503 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 696.6 m 563 696.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 681.6 m 371 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 681.6 m 435 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 681.6 m 499 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 681.6 m 563 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 593.6 m 371 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 593.6 m 435 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 593.6 m 499 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 593.6 m 563 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 579.6 m 371 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 577.6 m 371 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 579.6 m 435 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 577.6 m 435 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 579.6 m 499 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 577.6 m 499 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 579.6 m 563 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 577.6 m 563 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 549.6 m 435 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 549.6 m 439 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 549.6 m 499 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 549.6 m 503 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 549.6 m 563 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 534.6 m 371 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 534.6 m 435 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 534.6 m 499 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 534.6 m 563 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 446.6 m 371 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 446.6 m 435 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 446.6 m 499 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 446.6 m 563 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 432.6 m 371 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 430.6 m 371 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 432.6 m 435 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 430.6 m 435 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 432.6 m 499 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 430.6 m 499 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 432.6 m 563 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 430.6 m 563 430.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 701.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 701.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.75 700.83 Td (Fair value at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.50 708.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 440.02 708.83 Td ( value measur) Tj ET Q q 0 0 0 rg BT 487.42 708.83 Td (ements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.75 700.83 Td (using inputs consider) Tj ET Q q 0 0 0 rg BT 496.07 700.83 Td (ed as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 686.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 686.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.25 685.83 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.15 685.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 685.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.15 685.83 Td (Level 3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 672.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.15 672.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 659.17 Td (Money market funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 658.27 Td (3,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 658.27 Td (3,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 658.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 658.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 644.17 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 643.27 Td (29,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 643.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 643.27 Td (29,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 643.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 629.17 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 628.27 Td (14,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 628.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 628.27 Td (14,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 628.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 614.17 Td (Municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 613.27 Td (3,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 613.27 Td (3,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.17 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 598.27 Td (60,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 598.27 Td (16,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 598.27 Td (43,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 583.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 583.27 Td (111,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 583.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 583.27 Td (20,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 583.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 583.27 Td (91,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 583.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 583.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 554.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.75 553.83 Td (Fair value at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.50 561.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 440.02 561.83 Td ( value measur) Tj ET Q q 0 0 0 rg BT 487.42 561.83 Td (ements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.75 553.83 Td (using inputs consider) Tj ET Q q 0 0 0 rg BT 496.07 553.83 Td (ed as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 539.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 539.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.25 538.83 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.15 538.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 538.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.15 538.83 Td (Level3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 525.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.15 525.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 512.17 Td (Money market funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 511.27 Td (16,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 511.27 Td (16,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 511.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 511.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 497.17 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 496.27 Td (26,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 496.27 Td (26,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 481.27 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 481.27 Td (14,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 481.27 Td (14,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 466.27 Td (Municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 466.27 Td (3,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 466.27 Td (3,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 452.17 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 451.27 Td (60,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 451.27 Td (11,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 451.27 Td (48,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 451.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 436.27 Td (121,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 436.27 Td (27,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 436.27 Td (94,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 436.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 415.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 112.50 415.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 160.96 415.10 Td (include ) Tj ET Q q 0 0 0 rg BT 192.18 415.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 214.24 415.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.80 415.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 281.14 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.37 415.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 346.93 415.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.49 415.10 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 457.70 415.10 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 522.24 415.10 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.77 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.05 403.10 Td (money ) Tj ET Q q 0 0 0 rg BT 112.21 403.10 Td (market ) Tj ET Q q 0 0 0 rg BT 142.91 403.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 183.34 403.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 230.14 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.42 403.10 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 275.75 403.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 325.89 403.10 Td (paper) Tj ET Q q 0 0 0 rg BT 347.69 403.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.14 403.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 393.83 403.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 423.17 403.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 466.10 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.49 403.10 Td (government ) Tj ET Q q 0 0 0 rg BT 534.19 403.10 Td (agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 95.49 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.48 391.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 156.89 391.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 202.88 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.76 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.52 391.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 245.85 391.10 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.62 391.10 Td (. ) Tj ET Q q 0 0 0 rg BT 297.55 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.65 391.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.08 391.10 Td (classifies ) Tj ET Q q 0 0 0 rg BT 393.28 391.10 Td (its ) Tj ET Q q 0 0 0 rg BT 404.28 391.10 Td (money ) Tj ET Q q 0 0 0 rg BT 433.05 391.10 Td (market ) Tj ET Q q 0 0 0 rg BT 462.36 391.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 486.13 391.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.67 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.42 391.10 Td (specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 80.31 379.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.80 379.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 112.50 379.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 152.76 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.69 379.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.96 379.10 Td (government ) Tj ET Q q 0 0 0 rg BT 240.21 379.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 287.15 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 297.97 379.10 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 330.72 379.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.88 379.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.80 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.07 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.78 379.10 Td (use ) Tj ET Q q 0 0 0 rg BT 437.60 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.42 379.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 494.23 379.10 Td (market ) Tj ET Q q 0 0 0 rg BT 524.48 379.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.85 379.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 86.43 367.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 126.69 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.19 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.89 367.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 186.38 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.66 367.10 Td (active ) Tj ET Q q 0 0 0 rg BT 223.03 367.10 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.69 367.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 350.10 Td (When ) Tj ET Q q 0 0 0 rg BT 99.26 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.36 350.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.13 350.10 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.24 350.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 218.44 350.10 Td (market ) Tj ET Q q 0 0 0 rg BT 248.08 350.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 273.84 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.39 350.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 323.70 350.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 363.35 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.23 350.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.32 350.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 421.19 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.85 350.10 Td (less ) Tj ET Q q 0 0 0 rg BT 447.73 350.10 Td (active ) Tj ET Q q 0 0 0 rg BT 473.49 350.10 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.14 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.53 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 350.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (classifies ) Tj ET Q q 0 0 0 rg BT 88.28 338.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.85 338.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 146.40 338.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.50 338.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 232.30 338.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.75 338.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 267.64 338.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 277.11 338.10 Td (When ) Tj ET Q q 0 0 0 rg BT 303.11 338.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 348.56 338.10 Td (market ) Tj ET Q q 0 0 0 rg BT 378.44 338.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 404.45 338.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.23 338.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 454.79 338.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 494.68 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.01 338.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.91 338.10 Td (available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 338.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 326.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.43 326.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 133.22 326.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.58 326.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 192.91 326.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.80 326.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 280.38 326.10 Td (using ) Tj ET Q q 0 0 0 rg BT 304.96 326.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 356.76 326.10 Td (market ) Tj ET Q q 0 0 0 rg BT 387.44 326.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 430.90 326.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 457.69 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.60 326.10 Td (are ) Tj ET Q q 0 0 0 rg BT 490.72 326.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 544.72 326.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 95.48 314.10 Td (market ) Tj ET Q q 0 0 0 rg BT 125.92 314.10 Td (data; ) Tj ET Q q 0 0 0 rg BT 148.02 314.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 177.90 314.10 Td (market ) Tj ET Q q 0 0 0 rg BT 208.34 314.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 234.88 314.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.21 314.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 279.65 314.10 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 331.76 314.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.76 314.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 373.76 314.10 Td (models ) Tj ET Q q 0 0 0 rg BT 405.31 314.10 Td (with ) Tj ET Q q 0 0 0 rg BT 425.76 314.10 Td (all ) Tj ET Q q 0 0 0 rg BT 438.42 314.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 483.30 314.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 510.42 314.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 543.07 314.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.99 302.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 113.24 302.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.17 302.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 178.65 302.10 Td (market ) Tj ET Q q 0 0 0 rg BT 208.57 302.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 229.89 302.10 Td (Non-binding ) Tj ET Q q 0 0 0 rg BT 283.16 302.10 Td (market ) Tj ET Q q 0 0 0 rg BT 313.08 302.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 355.80 302.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 381.83 302.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.20 302.10 Td (based ) Tj ET Q q 0 0 0 rg BT 421.13 302.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.29 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.67 302.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 494.25 302.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 533.63 302.10 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 290.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 91.64 290.10 Td (providers. ) Tj ET Q q 0 0 0 rg BT 134.45 290.10 Td (These ) Tj ET Q q 0 0 0 rg BT 161.07 290.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 201.02 290.10 Td (models ) Tj ET Q q 0 0 0 rg BT 232.65 290.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 280.93 290.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.11 290.10 Td (number ) Tj ET Q q 0 0 0 rg BT 321.39 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.47 290.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 362.16 290.10 Td (including ) Tj ET Q q 0 0 0 rg BT 402.67 290.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 454.30 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.48 290.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 504.78 290.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 533.62 290.10 Td (quotes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 95.46 278.10 Td (market ) Tj ET Q q 0 0 0 rg BT 125.87 278.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.39 278.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.69 278.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 203.77 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.74 278.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 245.16 278.10 Td (securities; ) Tj ET Q q 0 0 0 rg BT 288.34 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.43 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.29 278.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 353.47 278.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 405.56 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.54 278.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 447.51 278.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 487.92 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.89 278.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 531.53 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.17 278.10 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 95.99 266.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.92 266.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 154.54 266.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 174.65 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.60 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.21 266.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 219.14 266.10 Td (degree, ) Tj ET Q q 0 0 0 rg BT 251.46 266.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 307.95 266.10 Td (market ) Tj ET Q q 0 0 0 rg BT 338.88 266.10 Td (inputs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.33 266.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.77 266.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.49 266.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 429.54 266.10 Td (corroborates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.69 266.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 534.75 266.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 92.55 254.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 118.93 254.10 Td (with ) Tj ET Q q 0 0 0 rg BT 139.21 254.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 185.02 254.10 Td (market ) Tj ET Q q 0 0 0 rg BT 215.29 254.10 Td (data ) Tj ET Q q 0 0 0 rg BT 234.44 254.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.27 254.10 Td (such ) Tj ET Q q 0 0 0 rg BT 266.10 254.10 Td (data ) Tj ET Q q 0 0 0 rg BT 285.26 254.10 Td (exists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.04 254.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 237.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.68 237.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.08 237.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.23 237.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.23 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.30 237.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.81 237.10 Td (December ) Tj ET Q q 0 0 0 rg BT 236.96 237.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 251.52 237.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.52 237.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.09 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.38 237.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.33 237.10 Td (did ) Tj ET Q q 0 0 0 rg BT 346.18 237.10 Td (not ) Tj ET Q q 0 0 0 rg BT 361.02 237.10 Td (have ) Tj ET Q q 0 0 0 rg BT 381.97 237.10 Td (any ) Tj ET Q q 0 0 0 rg BT 398.48 237.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 423.87 237.10 Td (or ) Tj ET Q q 0 0 0 rg BT 434.27 237.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 473.56 237.10 Td (that ) Tj ET Q q 0 0 0 rg BT 490.62 237.10 Td (were ) Tj ET Q q 0 0 0 rg BT 512.12 237.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 540.84 237.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 74.62 225.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 81.97 225.10 Td (inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.92 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.27 225.10 Td (For ) Tj ET Q q 0 0 0 rg BT 127.51 225.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.08 225.10 Td (years ) Tj ET Q q 0 0 0 rg BT 165.53 225.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 191.76 225.10 Td (December ) Tj ET Q q 0 0 0 rg BT 235.20 225.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.05 225.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 274.91 225.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 297.26 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.05 225.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.05 225.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.90 225.10 Td (there ) Tj ET Q q 0 0 0 rg BT 361.24 225.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.02 225.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.02 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.37 225.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 432.15 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.84 225.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.17 225.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 529.19 225.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 74.76 213.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 84.76 213.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.03 213.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 117.53 213.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.36 213.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 153.62 213.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 161.12 213.10 Td (classifications.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 196.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.16 196.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.14 196.10 Td (years ) Tj ET Q q 0 0 0 rg BT 126.00 196.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.64 196.10 Td (December ) Tj ET Q q 0 0 0 rg BT 194.49 196.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.75 196.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 233.02 196.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 254.78 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.98 196.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.98 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.25 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.23 196.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.88 196.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 395.51 196.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 426.70 196.10 Td (income ) Tj ET Q q 0 0 0 rg BT 457.90 196.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.10 196.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.85 196.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.10 184.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 77.87 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.77 184.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.54 184.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 129.31 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.20 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.47 184.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.18 184.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 193.96 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.85 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.62 184.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 274.28 184.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.05 184.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 302.66 184.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 335.57 184.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 357.95 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.66 184.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 396.05 184.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 428.96 184.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 454.12 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 474.83 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.32 184.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 505.14 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.74 184.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 172.10 Td (not ) Tj ET Q q 0 0 0 rg BT 86.71 172.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.42 172.10 Td (during ) Tj ET Q q 0 0 0 rg BT 160.03 172.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.74 172.10 Td (years ) Tj ET Q q 0 0 0 rg BT 198.34 172.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 224.72 172.10 Td (December ) Tj ET Q q 0 0 0 rg BT 268.30 172.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 283.30 172.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 308.30 172.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 330.80 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.74 172.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.74 172.10 Td (.) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.88 740.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 125.03 740.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 163.26 740.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 186.21 740.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 229.68 740.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 252.63 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.90 740.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 294.63 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.90 740.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 351.06 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 366.77 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 390.26 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.43 740.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 420.03 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.31 740.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.91 740.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 503.29 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.57 740.10 Td (both ) Tj ET Q q 0 0 0 rg BT 539.18 740.10 Td (short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.33 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.26 728.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 129.20 728.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 179.47 728.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 219.19 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.02 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.73 728.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 717.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 659.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 659.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 659.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 659.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 659.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 659.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 659.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 659.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 629.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 629.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 629.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 629.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 629.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 629.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 629.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 629.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 599.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 599.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 599.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 599.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 599.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 599.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 599.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 599.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 569.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 569.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 569.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 569.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 569.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 569.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 569.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 569.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 539.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 539.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 539.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 539.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 539.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 539.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 539.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 539.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 433.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 433.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 433.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 433.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 433.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 433.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 433.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 433.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 403.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 403.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 403.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 403.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 403.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 403.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 403.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 403.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 373.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 373.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 373.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 373.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 373.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 373.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 373.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 373.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 343.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 343.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 343.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 343.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 343.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 343.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 343.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 343.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 313.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 313.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 313.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 313.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 313.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 313.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 313.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 313.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 283.80 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 283.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 283.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 283.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 283.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 283.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 283.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 283.80 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 693.8 m 394 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 693.8 m 398 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 693.8 m 450 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 693.8 m 454 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 693.8 m 506 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 693.8 m 510 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 693.8 m 563 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 672.8 m 394 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 693.8 m 450 693.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 672.8 m 450 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 672.8 m 506 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 672.8 m 563 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 614.8 m 394 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 600.8 m 394 600.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 598.8 m 394 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 614.8 m 450 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 600.8 m 450 600.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 598.8 m 450 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 614.8 m 506 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 600.8 m 506 600.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 598.8 m 506 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 614.8 m 563 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 600.8 m 563 600.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 598.8 m 563 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 524.8 m 394 524.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 510.79999999999995 m 394 510.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 508.79999999999995 m 394 508.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 524.8 m 450 524.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 510.79999999999995 m 450 510.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 508.79999999999995 m 450 508.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 524.8 m 506 524.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 510.79999999999995 m 506 510.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 508.79999999999995 m 506 508.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 524.8 m 563 524.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 510.79999999999995 m 563 510.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 508.79999999999995 m 563 508.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 467.79999999999995 m 394 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 467.79999999999995 m 398 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 467.79999999999995 m 450 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 467.79999999999995 m 454 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 467.79999999999995 m 506 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 467.79999999999995 m 510 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 467.79999999999995 m 563 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 446.79999999999995 m 394 446.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 467.79999999999995 m 450 467.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 446.79999999999995 m 450 446.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 446.79999999999995 m 506 446.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 446.79999999999995 m 563 446.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 373.79999999999995 m 394 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 373.79999999999995 m 450 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 373.79999999999995 m 506 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 373.79999999999995 m 563 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 373.79999999999995 m 394 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 359.79999999999995 m 394 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 357.79999999999995 m 394 357.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 373.79999999999995 m 450 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 359.79999999999995 m 450 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 357.79999999999995 m 450 357.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 373.79999999999995 m 506 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 359.79999999999995 m 506 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 357.79999999999995 m 506 357.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 373.79999999999995 m 563 373.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 359.79999999999995 m 563 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 357.79999999999995 m 563 357.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 283.79999999999995 m 394 283.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 269.79999999999995 m 394 269.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 267.79999999999995 m 394 267.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 283.79999999999995 m 450 283.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 269.79999999999995 m 450 269.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 267.79999999999995 m 450 267.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 283.79999999999995 m 506 283.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 269.79999999999995 m 506 269.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 267.79999999999995 m 506 267.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 283.79999999999995 m 563 283.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 269.79999999999995 m 563 269.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 267.79999999999995 m 563 267.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 698.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 698.03 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 677.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 685.03 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.80 677.03 Td (cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.90 685.03 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 677.03 Td (gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.90 685.03 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.90 677.03 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 685.03 Td (Carryingor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.70 677.03 Td (fair) Tj ET Q q 0 0 0 rg BT 531.99 677.03 Td ( value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 664.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 664.03 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.47 Td (Cash and cash equivalents:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 649.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 649.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 649.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 634.47 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 634.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 634.47 Td (23,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 634.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 634.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 634.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 634.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 634.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 634.47 Td (23,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 619.47 Td (Money market funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 619.47 Td (3,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 619.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 619.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 619.47 Td (3,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 604.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 604.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 604.47 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 604.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 604.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 604.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 604.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 604.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 604.47 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 589.47 Td (Investments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 589.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 589.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 589.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 574.47 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 574.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 574.47 Td (29,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 574.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 574.47 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 574.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 574.52 Td (\(40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 574.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 574.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 574.47 Td (29,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 559.47 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 559.47 Td (14,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 559.47 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 559.52 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 559.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 559.47 Td (14,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 544.47 Td (Municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 544.47 Td (3,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 544.47 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 544.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 544.47 Td (3,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 529.47 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 529.47 Td (60,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 529.47 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 529.52 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 529.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 529.47 Td (60,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 514.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 514.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.60 514.47 Td (108,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 514.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 514.47 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 514.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 514.52 Td (\(134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 514.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 514.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 514.47 Td (108,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 472.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 472.03 Td (December 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 451.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 459.03 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.80 451.03 Td (cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.90 459.03 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 451.03 Td (gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.90 459.03 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.90 451.03 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 459.03 Td (Carryingor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.70 451.03 Td (fair) Tj ET Q q 0 0 0 rg BT 531.99 451.03 Td ( value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 438.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 438.03 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.47 Td (Cash and cash equivalents:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 423.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 423.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 408.47 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 408.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 408.47 Td (14,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 408.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 408.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 408.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 408.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 408.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 408.47 Td (14,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 393.47 Td (Money market funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 393.47 Td (16,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 393.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 393.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 393.47 Td (16,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 378.47 Td (U.S. government agency securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 378.47 Td (2,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 378.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 378.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 378.47 Td (2,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 363.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 363.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 363.47 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 363.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 363.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 363.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 363.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 363.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 363.47 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 348.47 Td (Investments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 348.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 348.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 348.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 333.47 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 333.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 333.47 Td (26,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 333.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 333.47 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 333.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 333.52 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 333.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 333.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 333.47 Td (26,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 318.47 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 318.47 Td (14,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 318.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 318.52 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 318.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 318.47 Td (14,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 303.47 Td (Municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 303.47 Td (3,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 303.47 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.80 303.52 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 303.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 303.47 Td (3,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 288.47 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 288.47 Td (57,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 288.47 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 288.52 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 288.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 288.47 Td (57,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 273.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.60 273.47 Td (102,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 273.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 273.47 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 273.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 273.52 Td (\(72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 273.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 273.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 273.47 Td (102,610) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.28 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.39 740.10 Td (table ) Tj ET Q q 0 0 0 rg BT 156.06 740.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 184.29 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.74 740.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 224.08 740.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 268.95 740.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 296.07 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.74 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.19 740.10 Td (related ) Tj ET Q q 0 0 0 rg BT 359.62 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 376.73 740.10 Td (values ) Tj ET Q q 0 0 0 rg BT 405.51 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.07 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.63 740.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 484.63 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.85 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 524.96 740.10 Td (been ) Tj ET Q q 0 0 0 rg BT 547.07 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 558.08 740.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 95.89 728.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 140.03 728.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 158.09 728.10 Td (position:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 47.50 653.20 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 653.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 653.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 653.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 653.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 653.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 653.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 653.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 653.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 653.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 653.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 653.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 47.50 623.20 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 623.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 623.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 623.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 623.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 623.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 623.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 623.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 623.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 623.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 623.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 623.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 47.50 503.20 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 503.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 503.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 503.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 503.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 503.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 503.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 503.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 503.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 503.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 503.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 503.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 47.50 473.20 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 473.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 473.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 473.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 473.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 473.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 473.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 473.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 473.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 473.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 473.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 473.20 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 700.2 m 313.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 700.2 m 317.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 700.2 m 363.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 700.2 m 367.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 700.2 m 413.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 700.2 m 417.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 700.2 m 463.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 700.2 m 467.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 700.2 m 513.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 700.2 m 517.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 700.2 m 563.5 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 687.2 m 313.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 687.2 m 317.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 687.2 m 363.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 687.2 m 413.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 687.2 m 417.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 687.2 m 463.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 687.2 m 513.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 687.2 m 517.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 687.2 m 563.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 666.2 m 313.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 687.2 m 363.5 687.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 666.2 m 363.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 666.2 m 413.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 666.2 m 463.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 666.2 m 513.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 666.2 m 563.5 666.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 608.2 m 313.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 594.2 m 313.5 594.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 592.2 m 313.5 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 608.2 m 363.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 594.2 m 363.5 594.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 592.2 m 363.5 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 608.2 m 413.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 594.2 m 413.5 594.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 592.2 m 413.5 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 608.2 m 463.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 594.2 m 463.5 594.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 592.2 m 463.5 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 608.2 m 513.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 594.2 m 513.5 594.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 592.2 m 513.5 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 608.2 m 563.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 594.2 m 563.5 594.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 592.2 m 563.5 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 565.2 m 313.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 565.2 m 317.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 565.2 m 363.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 565.2 m 367.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 565.2 m 413.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 565.2 m 417.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 565.2 m 463.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 565.2 m 467.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 565.2 m 513.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 565.2 m 517.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 565.2 m 563.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 552.2 m 313.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 552.2 m 317.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 552.2 m 363.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 552.2 m 413.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 552.2 m 417.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 552.2 m 463.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 552.2 m 513.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 552.2 m 517.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 552.2 m 563.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 531.2 m 313.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 552.2 m 363.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 531.2 m 363.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 531.2 m 413.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 531.2 m 463.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 531.2 m 513.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 531.2 m 563.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 458.2 m 313.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 444.2 m 313.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 442.2 m 313.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 458.2 m 363.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 444.2 m 363.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 442.2 m 363.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 458.2 m 413.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 444.2 m 413.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 442.2 m 413.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 458.2 m 463.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 444.2 m 463.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 442.2 m 463.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 458.2 m 513.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 444.2 m 513.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 442.2 m 513.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 458.2 m 563.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 444.2 m 563.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 442.2 m 563.5 442.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.75 704.43 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.50 691.43 Td (Less than 12 Months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 691.43 Td (12 Months or Greater) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.25 691.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.15 670.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.40 678.43 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.40 670.43 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.15 670.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.40 678.43 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.40 670.43 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.15 670.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.40 678.43 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.40 670.43 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.65 657.43 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.87 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.00 642.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 642.87 Td (19,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 642.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 642.92 Td (\(40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 642.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 642.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 642.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 642.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 642.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 642.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 642.87 Td (19,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 642.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 642.87 Td (\(40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 642.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.87 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 627.87 Td (5,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 627.92 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 627.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 627.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 627.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 627.87 Td (5,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 627.87 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 627.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.87 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 612.87 Td (34,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 612.92 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 612.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 612.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 612.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 612.87 Td (34,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 612.87 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 612.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.00 597.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 597.87 Td (60,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 597.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 597.92 Td (\(134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 597.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 597.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 597.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 597.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 597.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 597.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 597.87 Td (60,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 597.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.30 597.87 Td (\(134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 597.87 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.75 569.43 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.50 556.43 Td (Less than 12 Months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 556.43 Td (12 Months or Greater) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.25 556.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.15 535.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.40 543.43 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.40 535.43 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.15 535.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.40 543.43 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.40 535.43 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.15 535.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.40 543.43 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.40 535.43 Td (losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.65 522.43 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.87 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.00 507.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 507.87 Td (6,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 507.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 507.92 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 507.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 507.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 507.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 507.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 507.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 507.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 507.87 Td (6,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 507.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 507.87 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 507.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.87 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 492.87 Td (12,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 492.92 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 492.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 492.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 492.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 492.87 Td (12,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 492.87 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 492.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.87 Td (Municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 477.87 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.30 477.92 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 477.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 477.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 477.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 477.87 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.30 477.87 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 477.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.87 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 462.87 Td (24,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 462.92 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 462.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 462.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 462.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 462.87 Td (24,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 462.87 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 462.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 447.87 Td (44,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 447.92 Td (\(72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 447.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 447.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 447.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 447.87 Td (44,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 447.87 Td (\(72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 447.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 426.70 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 426.70 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 426.70 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 426.70 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 426.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 426.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 262.34 426.70 Td (of ) Tj ET Q q 0 0 0 rg BT 273.17 426.70 Td (the ) Tj ET Q q 0 0 0 rg BT 287.88 426.70 Td (Company) Tj ET Q q 0 0 0 rg BT 329.55 426.70 Td (s ) Tj ET Q q 0 0 0 rg BT 335.94 426.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 386.21 426.70 Td (at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.43 426.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.93 426.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 454.52 426.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.52 426.70 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 374.20 460.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 374.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 344.20 460.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 344.20 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 416.2 m 563 416.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 395.2 m 563 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 329.2 m 563 329.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 329.2 m 563 329.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 315.2 m 563 315.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 313.2 m 563 313.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 403.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 407.88 Td (Carryingor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.70 399.88 Td (fair) Tj ET Q q 0 0 0 rg BT 531.99 399.88 Td ( value) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 52.50 378.04 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 386.43 Td (\(in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.30 378.43 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 363.87 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 363.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 363.87 Td (49,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 348.87 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 348.87 Td (40,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 333.87 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 333.87 Td (17,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 318.87 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 318.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 318.87 Td (108,031) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 297.70 Td (Actual ) Tj ET Q q 0 0 0 rg BT 102.53 297.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 144.89 297.70 Td (may ) Tj ET Q q 0 0 0 rg BT 164.48 297.70 Td (dif) Tj ET Q q 0 0 0 rg BT 175.41 297.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 188.88 297.70 Td (from ) Tj ET Q q 0 0 0 rg BT 210.69 297.70 Td (the ) Tj ET Q q 0 0 0 rg BT 225.28 297.70 Td (contractual ) Tj ET Q q 0 0 0 rg BT 272.07 297.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 314.44 297.70 Td (because ) Tj ET Q q 0 0 0 rg BT 348.46 297.70 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 391.37 297.70 Td (may ) Tj ET Q q 0 0 0 rg BT 410.96 297.70 Td (have ) Tj ET Q q 0 0 0 rg BT 432.21 297.70 Td (the ) Tj ET Q q 0 0 0 rg BT 446.80 297.70 Td (right ) Tj ET Q q 0 0 0 rg BT 468.06 297.70 Td (to ) Tj ET Q q 0 0 0 rg BT 478.21 297.70 Td (call ) Tj ET Q q 0 0 0 rg BT 495.02 297.70 Td (or ) Tj ET Q q 0 0 0 rg BT 505.72 297.70 Td (prepay ) Tj ET Q q 0 0 0 rg BT 535.30 297.70 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.70 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 285.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 259.40 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 259.40 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 259.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 259.40 Td (Acquisitions) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 231.76699218750002 m 108.376953125 231.76699218750002 l s q 0 0 0 rg BT 49.50 233.10 Td (MortgageCEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 216.10 Td (On ) Tj ET Q q 0 0 0 rg BT 89.24 216.10 Td (January ) Tj ET Q q 0 0 0 rg BT 123.86 216.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 139.87 216.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 165.89 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.63 216.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.03 216.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 261.97 216.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 316.04 216.10 Td (all ) Tj ET Q q 0 0 0 rg BT 329.56 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.29 216.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 372.14 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.21 216.10 Td (ARG ) Tj ET Q q 0 0 0 rg BT 407.84 216.10 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 456.61 216.10 Td (LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.02 216.10 Td (\(dba ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.30 216.10 Td (MortgageCEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.18 216.10 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.27 204.10 Td (MortgageCEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.15 204.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 128.41 204.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.83 204.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 156.83 204.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.47 204.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 245.22 204.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.99 204.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 293.64 204.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 342.84 204.10 Td (management ) Tj ET Q q 0 0 0 rg BT 395.92 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.35 204.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 454.88 204.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 492.99 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.65 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 204.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.81 192.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.93 192.10 Td (. ) Tj ET Q q 0 0 0 rg BT 126.79 192.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.88 192.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.31 192.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 223.27 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.03 192.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 299.45 192.10 Td (business ) Tj ET Q q 0 0 0 rg BT 335.88 192.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.20 192.10 Td (order ) Tj ET Q q 0 0 0 rg BT 369.84 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.16 192.10 Td (add ) Tj ET Q q 0 0 0 rg BT 397.14 192.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 450.78 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.10 192.10 Td (its ) Tj ET Q q 0 0 0 rg BT 473.09 192.10 Td (product ) Tj ET Q q 0 0 0 rg BT 506.18 192.10 Td (of) Tj ET Q q 0 0 0 rg BT 514.33 192.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 546.96 192.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.61 180.10 Td (was ) Tj ET Q q 0 0 0 rg BT 115.40 180.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 159.17 180.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.07 180.10 Td (as ) Tj ET Q q 0 0 0 rg BT 185.63 180.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.31 180.10 Td (business ) Tj ET Q q 0 0 0 rg BT 230.44 180.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 283.67 180.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 303.84 180.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 350.39 180.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.13 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.58 180.10 Td (total ) Tj ET Q q 0 0 0 rg BT 392.60 180.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 431.37 180.10 Td (price ) Tj ET Q q 0 0 0 rg BT 454.59 180.10 Td (was ) Tj ET Q q 0 0 0 rg BT 473.38 180.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 512.71 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.72 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 180.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 85.88 168.10 Td (based ) Tj ET Q q 0 0 0 rg BT 110.61 168.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.57 168.10 Td (their ) Tj ET Q q 0 0 0 rg BT 142.86 168.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 185.35 168.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 201.18 168.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 231.05 168.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.55 168.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.40 168.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 328.57 168.10 Td (all ) Tj ET Q q 0 0 0 rg BT 340.52 168.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 386.35 168.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 410.81 168.10 Td (which ) Tj ET Q q 0 0 0 rg BT 437.21 168.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.60 168.10 Td (insignificant, ) Tj ET Q q 0 0 0 rg BT 513.05 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.79 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 168.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 156.10 Td (which ) Tj ET Q q 0 0 0 rg BT 86.72 156.10 Td (they ) Tj ET Q q 0 0 0 rg BT 106.43 156.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.36 156.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 139.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.54 139.10 Td (total ) Tj ET Q q 0 0 0 rg BT 109.82 139.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 146.85 139.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 202.22 139.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.27 139.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 238.27 139.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.16 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.66 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.94 139.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 299.70 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.53 139.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.47 139.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 354.46 139.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.36 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.85 139.10 Td (was ) Tj ET Q q 0 0 0 rg BT 401.90 139.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 420.62 139.10 Td (at ) Tj ET Q q 0 0 0 rg BT 429.33 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.05 139.10 Td (time ) Tj ET Q q 0 0 0 rg BT 462.32 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.15 139.10 Td (closing. ) Tj ET Q q 0 0 0 rg BT 504.92 139.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.97 139.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 69.49 127.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.87 127.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 118.91 127.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 162.49 127.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 194.97 127.10 Td (has ) Tj ET Q q 0 0 0 rg BT 210.79 127.10 Td (been ) Tj ET Q q 0 0 0 rg BT 232.16 127.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 266.85 127.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.78 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.49 127.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 341.52 127.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 397.88 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.15 127.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 432.84 127.10 Td (working ) Tj ET Q q 0 0 0 rg BT 468.67 127.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 497.81 127.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 548.07 127.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.42 115.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 109.46 115.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 140.55 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.48 115.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 162.19 115.10 Td (unused ) Tj ET Q q 0 0 0 rg BT 193.00 115.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 224.37 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.19 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.89 115.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 289.03 115.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 313.74 115.10 Td (will ) Tj ET Q q 0 0 0 rg BT 331.78 115.10 Td (be ) Tj ET Q q 0 0 0 rg BT 343.70 115.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 363.40 115.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.89 115.10 Td (July ) Tj ET Q q 0 0 0 rg BT 395.04 115.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 410.02 115.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 434.83 115.10 Td (The ) Tj ET Q q 0 0 0 rg BT 452.86 115.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 486.45 115.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 530.03 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 115.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 88.66 103.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 113.38 103.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.55 103.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 160.02 103.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.75 103.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 218.91 103.10 Td (holdback, ) Tj ET Q q 0 0 0 rg BT 260.57 103.10 Td (net ) Tj ET Q q 0 0 0 rg BT 275.29 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.12 103.10 Td (discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.50 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.78 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.50 103.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 382.20 103.10 Td (Sheet.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.59 740.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 133.57 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.45 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.21 740.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 215.63 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.51 740.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 246.56 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.45 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.00 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.33 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.09 740.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 351.17 740.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 385.93 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.92 740.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 445.46 740.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.34 740.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 508.31 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 740.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 86.42 728.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.66 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.35 728.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 164.37 728.10 Td (method ) Tj ET Q q 0 0 0 rg BT 196.84 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.65 728.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 256.50 728.10 Td (based ) Tj ET Q q 0 0 0 rg BT 281.74 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.22 728.10 Td (their ) Tj ET Q q 0 0 0 rg BT 315.02 728.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.82 728.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 372.17 728.10 Td (values ) Tj ET Q q 0 0 0 rg BT 400.20 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.00 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.81 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.51 728.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 482.86 728.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 504.50 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.64 728.10 Td (summarized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 716.10 Td (following ) Tj ET Q q 0 0 0 rg BT 115.88 716.10 Td (table ) Tj ET Q q 0 0 0 rg BT 137.82 716.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 151.42 716.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 700.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 700.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 670.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 670.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 640.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 640.60 98.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 625.6 m 556 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 611.6 m 556 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 609.6 m 556 609.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 690.27 Td (Amortizable intangible assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 675.27 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 675.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 675.27 Td (2,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 660.27 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 660.27 Td (643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 645.27 Td (Trade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 645.27 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 630.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 630.27 Td (1,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 615.27 Td (Total purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 615.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 615.27 Td (5,020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 594.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 118.93 594.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 165.49 594.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 199.28 594.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.73 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.06 594.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 270.61 594.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 316.06 594.10 Td (MortgageCEO) Tj ET Q q 0 0 0 rg BT 377.71 594.10 Td (s ) Tj ET Q q 0 0 0 rg BT 383.72 594.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 417.51 594.10 Td (products ) Tj ET Q q 0 0 0 rg BT 454.07 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.62 594.10 Td (has ) Tj ET Q q 0 0 0 rg BT 486.07 594.10 Td (an ) Tj ET Q q 0 0 0 rg BT 497.63 594.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 538.07 594.10 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (life ) Tj ET Q q 0 0 0 rg BT 65.06 582.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.63 582.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 82.86 582.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.96 582.10 Td (. ) Tj ET Q q 0 0 0 rg BT 108.53 582.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.32 582.10 Td (value ) Tj ET Q q 0 0 0 rg BT 150.21 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.77 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.22 582.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 218.55 582.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 265.22 582.10 Td (was ) Tj ET Q q 0 0 0 rg BT 283.01 582.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 330.23 582.10 Td (by ) Tj ET Q q 0 0 0 rg BT 342.46 582.10 Td (discounting ) Tj ET Q q 0 0 0 rg BT 391.36 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.81 582.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 446.37 582.10 Td (net ) Tj ET Q q 0 0 0 rg BT 460.82 582.10 Td (future ) Tj ET Q q 0 0 0 rg BT 486.93 582.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 506.94 582.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 531.39 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 582.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 553.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 115.08 553.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 168.87 553.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 193.77 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.24 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.15 553.10 Td (Company) Tj ET Q q 0 0 0 rg BT 260.81 553.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.40 553.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 295.64 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.11 553.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 322.69 553.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 357.04 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.18 553.10 Td (future ) Tj ET Q q 0 0 0 rg BT 400.74 553.10 Td (versions ) Tj ET Q q 0 0 0 rg BT 436.77 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.79 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.70 553.10 Td (Company) Tj ET Q q 0 0 0 rg BT 504.36 553.10 Td (s ) Tj ET Q q 0 0 0 rg BT 510.95 553.10 Td (products ) Tj ET Q q 0 0 0 rg BT 548.08 553.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (services ) Tj ET Q q 0 0 0 rg BT 85.26 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.60 541.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 131.82 541.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 194.26 541.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 238.36 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.36 541.10 Td (have ) Tj ET Q q 0 0 0 rg BT 278.79 541.10 Td (an ) Tj ET Q q 0 0 0 rg BT 291.79 541.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 333.66 541.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 361.66 541.10 Td (life ) Tj ET Q q 0 0 0 rg BT 378.54 541.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.43 541.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.97 541.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.53 541.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 436.43 541.10 Td (The ) Tj ET Q q 0 0 0 rg BT 455.53 541.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 472.97 541.10 Td (value ) Tj ET Q q 0 0 0 rg BT 498.18 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.07 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.84 541.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 103.10 529.10 Td (was ) Tj ET Q q 0 0 0 rg BT 121.16 529.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 168.64 529.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.14 529.10 Td (discounting ) Tj ET Q q 0 0 0 rg BT 230.30 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.02 529.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 285.84 529.10 Td (future ) Tj ET Q q 0 0 0 rg BT 312.21 529.10 Td (net ) Tj ET Q q 0 0 0 rg BT 326.93 529.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.20 529.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 371.92 529.10 Td (from ) Tj ET Q q 0 0 0 rg BT 393.86 529.10 Td (future ) Tj ET Q q 0 0 0 rg BT 420.24 529.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 442.18 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.45 529.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 486.62 529.10 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 512.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.26 512.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 98.74 512.10 Td (name ) Tj ET Q q 0 0 0 rg BT 122.67 512.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 165.48 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.97 512.10 Td (right ) Tj ET Q q 0 0 0 rg BT 201.13 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.18 512.10 Td (use ) Tj ET Q q 0 0 0 rg BT 226.79 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.28 512.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 302.43 512.10 Td (name ) Tj ET Q q 0 0 0 rg BT 326.36 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.07 512.10 Td (has ) Tj ET Q q 0 0 0 rg BT 358.68 512.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.39 512.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 410.99 512.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 437.70 512.10 Td (life ) Tj ET Q q 0 0 0 rg BT 453.30 512.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.90 512.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.90 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.18 512.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 506.89 512.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.71 512.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 512.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.17 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.72 500.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 97.04 500.10 Td (name ) Tj ET Q q 0 0 0 rg BT 121.03 500.10 Td (was ) Tj ET Q q 0 0 0 rg BT 138.92 500.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 186.24 500.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.57 500.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 242.57 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.12 500.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 287.22 500.10 Td (from ) Tj ET Q q 0 0 0 rg BT 309.00 500.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 341.34 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.89 500.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 377.66 500.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 403.32 500.10 Td (than ) Tj ET Q q 0 0 0 rg BT 422.87 500.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 452.42 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.20 500.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 489.86 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.97 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.75 500.10 Td (third ) Tj ET Q q 0 0 0 rg BT 527.97 500.10 Td (party ) Tj ET Q q 0 0 0 rg BT 550.85 500.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 488.10 Td (use ) Tj ET Q q 0 0 0 rg BT 80.05 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.88 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.59 488.10 Td (asset.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 471.10 Td (Goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.15 471.10 Td (which ) Tj ET Q q 0 0 0 rg BT 140.97 471.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.01 471.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 192.04 471.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.08 471.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.67 471.10 Td (purposes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.22 471.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.10 471.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 300.01 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.60 471.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 341.08 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.78 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.38 471.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 401.29 471.10 Td (price ) Tj ET Q q 0 0 0 rg BT 422.65 471.10 Td (over ) Tj ET Q q 0 0 0 rg BT 441.80 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.39 471.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.64 471.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.67 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.38 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 471.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.03 459.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 113.67 459.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 145.87 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.28 459.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 189.69 459.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.89 459.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 254.63 459.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.61 459.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.24 459.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 308.98 459.10 Td (price ) Tj ET Q q 0 0 0 rg BT 331.17 459.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.14 459.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 369.44 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.97 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.39 459.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.46 459.10 Td (value ) Tj ET Q q 0 0 0 rg BT 434.32 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 459.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 507.00 459.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.53 459.10 Td (was ) Tj ET Q q 0 0 0 rg BT 550.28 459.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.88 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 447.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.65 447.10 Td (assembled ) Tj ET Q q 0 0 0 rg BT 162.81 447.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 206.39 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.33 447.10 Td (syner) Tj ET Q q 0 0 0 rg BT 244.81 447.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 263.42 447.10 Td (between ) Tj ET Q q 0 0 0 rg BT 299.24 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.95 447.10 Td (Company) Tj ET Q q 0 0 0 rg BT 355.62 447.10 Td (s ) Tj ET Q q 0 0 0 rg BT 362.01 447.10 Td (products ) Tj ET Q q 0 0 0 rg BT 398.95 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.89 447.10 Td (MortgageCEO) Tj ET Q q 0 0 0 rg BT 477.54 447.10 Td (s ) Tj ET Q q 0 0 0 rg BT 483.93 447.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 430.10 Td (MortgageCEO) Tj ET Q q 0 0 0 rg BT 135.16 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 142.54 430.10 Td (results ) Tj ET Q q 0 0 0 rg BT 172.14 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.97 430.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.12 430.10 Td (since ) Tj ET Q q 0 0 0 rg BT 253.16 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.87 430.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 301.25 430.10 Td (date ) Tj ET Q q 0 0 0 rg BT 321.40 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.22 430.10 Td (January ) Tj ET Q q 0 0 0 rg BT 367.81 430.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 383.81 430.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 407.30 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.67 430.10 Td (been ) Tj ET Q q 0 0 0 rg BT 452.04 430.10 Td (included ) Tj ET Q q 0 0 0 rg BT 489.97 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.24 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 430.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 430.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.94 418.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 148.04 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.26 418.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 222.69 418.10 Td (income ) Tj ET Q q 0 0 0 rg BT 255.02 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.57 418.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.68 418.10 Td (year ) Tj ET Q q 0 0 0 rg BT 304.78 418.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 331.55 418.10 Td (December ) Tj ET Q q 0 0 0 rg BT 375.53 418.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.03 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.92 418.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.92 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.31 418.10 Td (If ) Tj ET Q q 0 0 0 rg BT 425.86 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.97 418.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 487.75 418.10 Td (had ) Tj ET Q q 0 0 0 rg BT 505.08 418.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 542.95 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 554.17 418.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (January ) Tj ET Q q 0 0 0 rg BT 82.81 406.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 92.53 406.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 117.24 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.67 406.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 165.53 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.19 406.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 218.28 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.82 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 406.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 284.90 406.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 309.89 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.76 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.19 406.10 Td (current ) Tj ET Q q 0 0 0 rg BT 368.72 406.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 407.59 406.10 Td (period ) Tj ET Q q 0 0 0 rg BT 435.35 406.10 Td (would ) Tj ET Q q 0 0 0 rg BT 462.57 406.10 Td (have ) Tj ET Q q 0 0 0 rg BT 483.66 406.10 Td (been ) Tj ET Q q 0 0 0 rg BT 504.75 406.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 394.10 Td (same. ) Tj ET Q q 0 0 0 rg BT 89.76 394.10 Td (MortgageCEO) Tj ET Q q 0 0 0 rg BT 151.42 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 157.81 394.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 195.85 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.79 394.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 249.16 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.32 394.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.04 394.10 Td (year ) Tj ET Q q 0 0 0 rg BT 297.75 394.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 324.12 394.10 Td (December ) Tj ET Q q 0 0 0 rg BT 367.71 394.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.71 394.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.71 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.21 394.10 Td (were ) Tj ET Q q 0 0 0 rg BT 427.14 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 442.42 394.10 Td (significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 377.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.66 377.10 Td (described ) Tj ET Q q 0 0 0 rg BT 129.03 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.85 377.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.34 377.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.34 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.89 377.10 Td (during ) Tj ET Q q 0 0 0 rg BT 202.05 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.32 377.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 244.80 377.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 276.17 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.55 377.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 313.10 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.36 377.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.30 377.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.32 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.81 377.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 454.96 377.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 504.11 377.10 Td (char) Tj ET Q q 0 0 0 rg BT 521.13 377.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 533.62 377.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 377.10 Td ($0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.84 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.06 365.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 133.16 365.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 187.71 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.60 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.48 365.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 253.03 365.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 302.57 365.10 Td (char) Tj ET Q q 0 0 0 rg BT 319.60 365.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 332.48 365.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.81 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.26 365.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 365.21 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.10 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.54 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.77 365.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 453.31 365.10 Td (technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.74 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.19 365.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 539.06 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 110.88 353.10 Td (acquisition.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 325.4669921875 m 82.2783203125 325.4669921875 l s q 0 0 0 rg BT 49.50 326.80 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 309.80 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.74 309.80 Td (October ) Tj ET Q q 0 0 0 rg BT 123.96 309.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 134.48 309.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.48 309.80 Td (, ) Tj ET Q q 0 0 0 rg BT 160.00 309.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.23 309.80 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.14 309.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 254.58 309.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 308.15 309.80 Td (all ) Tj ET Q q 0 0 0 rg BT 321.16 309.80 Td (the ) Tj ET Q q 0 0 0 rg BT 336.40 309.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.74 309.80 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.07 309.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.09 309.80 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 415.99 309.80 Td (Resource ) Tj ET Q q 0 0 0 rg BT 456.21 309.80 Td (Center) Tj ET Q q 0 0 0 rg BT 482.46 309.80 Td (, ) Tj ET Q q 0 0 0 rg BT 487.98 309.80 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.25 309.80 Td ( ) Tj ET Q q 0 0 0 rg BT 506.27 309.80 Td (\(dba ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.39 309.80 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.17 309.80 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.80 Td (\(AllRegs\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.52 297.80 Td (a ) Tj ET Q q 0 0 0 rg BT 103.60 297.80 Td (provider ) Tj ET Q q 0 0 0 rg BT 139.12 297.80 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.45 297.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.09 297.80 Td (research ) Tj ET Q q 0 0 0 rg BT 184.04 297.80 Td (and ) Tj ET Q q 0 0 0 rg BT 200.13 297.80 Td (reference, ) Tj ET Q q 0 0 0 rg BT 241.45 297.80 Td (education, ) Tj ET Q q 0 0 0 rg BT 284.47 297.80 Td (documentation ) Tj ET Q q 0 0 0 rg BT 345.54 297.80 Td (and ) Tj ET Q q 0 0 0 rg BT 361.62 297.80 Td (data ) Tj ET Q q 0 0 0 rg BT 379.92 297.80 Td (and ) Tj ET Q q 0 0 0 rg BT 396.00 297.80 Td (analytics 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Tj ET Q q 0 0 0 rg BT 416.37 285.80 Td (products ) Tj ET Q q 0 0 0 rg BT 453.05 285.80 Td (through ) Tj ET Q q 0 0 0 rg BT 486.39 285.80 Td (product ) Tj ET Q q 0 0 0 rg BT 519.18 285.80 Td (integration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.80 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 273.80 Td (to ) Tj ET Q q 0 0 0 rg BT 77.22 273.80 Td (introduce ) Tj ET Q q 0 0 0 rg BT 117.73 273.80 Td (new ) Tj ET Q q 0 0 0 rg BT 137.14 273.80 Td (products ) Tj ET Q q 0 0 0 rg BT 174.33 273.80 Td (related ) Tj ET Q q 0 0 0 rg BT 204.28 273.80 Td (to ) Tj ET Q q 0 0 0 rg BT 214.81 273.80 Td (training, ) Tj ET Q q 0 0 0 rg BT 251.17 273.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 300.01 273.80 Td (management ) Tj ET Q q 0 0 0 rg BT 353.85 273.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 388.27 273.80 Td (and ) Tj ET Q q 0 0 0 rg BT 405.46 273.80 Td (product ) Tj ET Q q 0 0 0 rg BT 438.75 273.80 Td (eligibility) Tj ET Q q 0 0 0 rg BT 476.99 273.80 Td (. ) Tj ET Q q 0 0 0 rg BT 482.04 273.80 Td (The 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0 rg BT 489.99 261.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 527.08 261.80 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 261.80 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.80 Td (their ) Tj ET Q q 0 0 0 rg BT 70.56 249.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 113.82 249.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 130.43 249.80 Td (values. ) Tj ET Q q 0 0 0 rg BT 161.02 249.80 Td (The ) Tj ET Q q 0 0 0 rg BT 179.30 249.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.92 249.80 Td (expensed ) Tj ET Q q 0 0 0 rg BT 260.86 249.80 Td (all ) Tj ET Q q 0 0 0 rg BT 273.59 249.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 324.08 249.80 Td (costs, ) Tj ET Q q 0 0 0 rg BT 349.32 249.80 Td (which ) Tj ET Q q 0 0 0 rg BT 376.49 249.80 Td (were ) Tj ET Q q 0 0 0 rg BT 398.65 249.80 Td (insignificant, ) Tj ET Q q 0 0 0 rg BT 453.87 249.80 Td (in ) Tj ET Q q 0 0 0 rg BT 464.39 249.80 Td (the ) Tj ET Q q 0 0 0 rg BT 479.34 249.80 Td (period ) Tj ET Q q 0 0 0 rg BT 507.62 249.80 Td (in ) Tj ET Q q 0 0 0 rg BT 518.13 249.80 Td (which ) Tj ET Q q 0 0 0 rg BT 545.30 249.80 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.80 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 237.80 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 220.80 Td (The ) Tj ET Q q 0 0 0 rg BT 91.97 220.80 Td (total ) Tj ET Q q 0 0 0 rg BT 112.66 220.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 151.12 220.80 Td (consideration ) Tj ET Q q 0 0 0 rg BT 207.92 220.80 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.39 220.80 Td ($28.1 ) Tj ET Q q 0 0 0 rg BT 251.81 220.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.70 220.80 Td ( ) Tj ET Q q 0 0 0 rg BT 283.62 220.80 Td (in ) Tj ET Q q 0 0 0 rg BT 294.32 220.80 Td (cash, ) Tj ET Q q 0 0 0 rg BT 317.51 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.76 220.80 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.12 220.80 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 376.54 220.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.44 220.80 Td ( ) Tj ET Q q 0 0 0 rg BT 408.36 220.80 Td (was ) Tj ET Q q 0 0 0 rg BT 426.83 220.80 Td (placed ) Tj ET Q q 0 0 0 rg BT 455.85 220.80 Td (in ) Tj ET Q q 0 0 0 rg BT 466.55 220.80 Td (escrow ) Tj ET Q q 0 0 0 rg BT 497.79 220.80 Td (to ) Tj ET Q q 0 0 0 rg BT 508.49 220.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 533.62 220.80 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.22 208.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 121.38 208.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 171.22 208.80 Td (and ) Tj ET Q q 0 0 0 rg BT 187.73 208.80 Td (any ) Tj ET Q q 0 0 0 rg BT 204.23 208.80 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 246.85 208.80 Td (claims. ) Tj ET Q q 0 0 0 rg BT 277.07 208.80 Td (Any ) Tj ET Q q 0 0 0 rg BT 296.35 208.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.42 208.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 371.03 208.80 Td (in ) Tj ET Q q 0 0 0 rg BT 380.87 208.80 Td (escrow ) Tj ET Q q 0 0 0 rg BT 411.26 208.80 Td (18 ) Tj ET Q q 0 0 0 rg BT 423.33 208.80 Td (months ) Tj ET Q q 0 0 0 rg BT 454.84 208.80 Td (after ) Tj ET Q q 0 0 0 rg BT 475.22 208.80 Td (the ) Tj ET Q q 0 0 0 rg BT 489.51 208.80 Td (date ) Tj ET Q q 0 0 0 rg BT 508.23 208.80 Td (of ) Tj ET Q q 0 0 0 rg BT 518.63 208.80 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.80 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 196.80 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 196.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 99.21 196.80 Td (to ) Tj ET Q q 0 0 0 rg BT 109.49 196.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.21 196.80 Td (seller) Tj ET Q q 0 0 0 rg BT 145.31 196.80 Td (.) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.30 740.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 132.98 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.57 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.04 740.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 214.16 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.75 740.10 Td ($28.1 ) Tj ET Q q 0 0 0 rg BT 249.50 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.39 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.64 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.68 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.15 740.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 352.94 740.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 387.40 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.09 740.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 446.34 740.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.92 740.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 508.60 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 740.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 86.42 728.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.66 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.35 728.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 164.37 728.10 Td (method ) Tj ET Q q 0 0 0 rg BT 196.84 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.65 728.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 256.50 728.10 Td (based ) Tj ET Q q 0 0 0 rg BT 281.74 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.22 728.10 Td (their ) Tj ET Q q 0 0 0 rg BT 315.02 728.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.82 728.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 372.17 728.10 Td (values ) Tj ET Q q 0 0 0 rg BT 400.20 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.00 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.81 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.51 728.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 482.86 728.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 504.50 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.64 728.10 Td (summarized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 716.10 Td (following ) Tj ET Q q 0 0 0 rg BT 115.88 716.10 Td (table ) Tj ET Q q 0 0 0 rg BT 137.82 716.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 151.42 716.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 700.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 700.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 670.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 670.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 640.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 640.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 610.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 610.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 580.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 580.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 550.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 550.60 98.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 535.6 m 556 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 535.6 m 556 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 521.6 m 556 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 519.6 m 556 519.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 690.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 690.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 690.27 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 675.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 675.27 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 660.27 Td (Deposits and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 660.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 645.27 Td (Intangible assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 630.27 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 630.27 Td (3,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 615.27 Td (In-process research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 615.27 Td (618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 600.27 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 600.27 Td (9,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 585.27 Td (Trade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 585.27 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 570.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 570.32 Td (\(383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 570.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 555.27 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 555.32 Td (\(2,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 555.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 540.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 540.27 Td (12,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 525.27 Td (Total purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 525.27 Td (28,138) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 504.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 118.98 504.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 165.57 504.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 199.41 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.90 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.28 504.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 270.87 504.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 315.88 504.10 Td (AllRegs) Tj ET Q q 0 0 0 rg BT 351.44 504.10 Td (s ) Tj ET Q q 0 0 0 rg BT 357.49 504.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 391.32 504.10 Td (products ) Tj ET Q q 0 0 0 rg BT 427.92 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.52 504.10 Td (has ) Tj ET Q q 0 0 0 rg BT 460.01 504.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.61 504.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 512.10 504.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 538.70 504.10 Td (life ) Tj ET Q q 0 0 0 rg BT 554.18 504.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 492.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.00 492.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 92.92 492.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.96 492.10 Td (value ) Tj ET Q q 0 0 0 rg BT 135.12 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.95 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.67 492.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 204.26 492.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 251.19 492.10 Td (was ) Tj ET Q q 0 0 0 rg BT 269.25 492.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 316.73 492.10 Td (by ) Tj ET Q q 0 0 0 rg BT 329.23 492.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 373.39 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.10 492.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.71 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.99 492.10 Td (reproduce ) Tj ET Q q 0 0 0 rg BT 459.47 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.18 492.10 Td (technology) Tj ET Q q 0 0 0 rg BT 517.97 492.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 475.10 Td (In-process ) Tj ET Q q 0 0 0 rg BT 117.05 475.10 Td (research ) Tj ET Q q 0 0 0 rg BT 152.26 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.60 475.10 Td (development ) Tj ET Q q 0 0 0 rg BT 222.15 475.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 264.59 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.70 475.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 294.48 475.10 Td (value ) Tj ET Q q 0 0 0 rg BT 318.04 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.27 475.10 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 374.18 475.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 408.86 475.10 Td (research ) Tj ET Q q 0 0 0 rg BT 444.06 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.40 475.10 Td (development ) Tj ET Q q 0 0 0 rg BT 513.96 475.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 547.51 475.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.41 463.10 Td (not ) Tj ET Q q 0 0 0 rg BT 81.66 463.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 115.22 463.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 171.56 463.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 214.02 463.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.83 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.63 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.32 463.10 Td (date ) Tj ET Q q 0 0 0 rg BT 269.45 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.25 463.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 328.93 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 346.95 463.10 Td (value ) Tj ET Q q 0 0 0 rg BT 371.08 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.88 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.57 463.10 Td (in-process ) Tj ET Q q 0 0 0 rg BT 440.14 463.10 Td (research ) Tj ET Q q 0 0 0 rg BT 475.92 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.83 463.10 Td (development ) Tj ET Q q 0 0 0 rg BT 546.96 463.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.49 451.10 Td (by ) Tj ET Q q 0 0 0 rg BT 110.50 451.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 155.17 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.39 451.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 189.51 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.30 451.10 Td (reproduce ) Tj ET Q q 0 0 0 rg BT 243.28 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.51 451.10 Td (research ) Tj ET Q q 0 0 0 rg BT 294.83 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.27 451.10 Td (development ) Tj ET Q q 0 0 0 rg BT 366.93 451.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 403.88 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.44 451.10 Td (research ) Tj ET Q q 0 0 0 rg BT 458.75 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.20 451.10 Td (development ) Tj ET Q q 0 0 0 rg BT 530.86 451.10 Td (projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.91 439.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 109.33 439.10 Td (an ) Tj ET Q q 0 0 0 rg BT 121.75 439.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 163.05 439.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 190.47 439.10 Td (life ) Tj ET Q q 0 0 0 rg BT 206.78 439.10 Td (until ) Tj ET Q q 0 0 0 rg BT 228.09 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.29 439.10 Td (research ) Tj ET Q q 0 0 0 rg BT 279.58 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.00 439.10 Td (development ) Tj ET Q q 0 0 0 rg BT 351.63 439.10 Td (ef) Tj ET Q q 0 0 0 rg BT 359.21 439.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 380.53 439.10 Td (were ) Tj ET Q q 0 0 0 rg BT 402.94 439.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 447.57 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.33 439.10 Td (December ) Tj ET Q q 0 0 0 rg BT 502.39 439.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 527.87 439.10 Td (at ) Tj ET Q q 0 0 0 rg BT 538.07 439.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (point ) Tj ET Q q 0 0 0 rg BT 72.34 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.83 427.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.00 427.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 175.26 427.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.54 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.03 427.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 250.96 427.10 Td (project, ) Tj ET Q q 0 0 0 rg BT 283.51 427.10 Td (now ) Tj ET Q q 0 0 0 rg BT 303.01 427.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 340.27 427.10 Td (as ) Tj ET Q q 0 0 0 rg BT 350.88 427.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 394.25 427.10 Td (technology) Tj ET Q q 0 0 0 rg BT 438.04 427.10 Td (, ) Tj ET Q q 0 0 0 rg BT 442.82 427.10 Td (had ) Tj ET Q q 0 0 0 rg BT 459.53 427.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.25 427.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 511.85 427.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 538.57 427.10 Td (life ) Tj ET Q q 0 0 0 rg BT 554.18 427.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.49 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.99 415.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 398.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 115.08 398.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 168.87 398.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 193.77 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.24 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.15 398.10 Td (Company) Tj ET Q q 0 0 0 rg BT 260.81 398.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.40 398.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 295.64 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.11 398.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 322.69 398.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 357.04 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.18 398.10 Td (future ) Tj ET Q q 0 0 0 rg BT 400.74 398.10 Td (versions ) Tj ET Q q 0 0 0 rg BT 436.77 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.79 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.70 398.10 Td (Company) Tj ET Q q 0 0 0 rg BT 504.36 398.10 Td (s ) Tj ET Q q 0 0 0 rg BT 510.95 398.10 Td (products ) Tj ET Q q 0 0 0 rg BT 548.08 398.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.05 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.18 386.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 127.67 386.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 162.79 386.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 205.68 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.47 386.10 Td (have ) Tj ET Q q 0 0 0 rg BT 243.69 386.10 Td (an ) Tj ET Q q 0 0 0 rg BT 255.47 386.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 296.14 386.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 322.92 386.10 Td (life ) Tj ET Q q 0 0 0 rg BT 338.59 386.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.27 386.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.94 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.28 386.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 389.06 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.95 386.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 423.17 386.10 Td (value ) Tj ET Q q 0 0 0 rg BT 447.17 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.85 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.41 386.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 511.41 386.10 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 374.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 115.03 374.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.53 374.10 Td (discounting ) Tj ET Q q 0 0 0 rg BT 176.70 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.41 374.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 232.23 374.10 Td (future ) Tj ET Q q 0 0 0 rg BT 258.61 374.10 Td (net ) Tj ET Q q 0 0 0 rg BT 273.33 374.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.60 374.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 318.32 374.10 Td (from ) Tj ET Q q 0 0 0 rg BT 340.26 374.10 Td (future ) Tj ET Q q 0 0 0 rg BT 366.63 374.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 388.57 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.85 374.10 Td (these ) Tj ET Q q 0 0 0 rg BT 421.90 374.10 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 357.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.26 357.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 99.04 357.10 Td (name ) Tj ET Q q 0 0 0 rg BT 123.27 357.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 166.39 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.18 357.10 Td (right ) Tj ET Q q 0 0 0 rg BT 202.65 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.00 357.10 Td (use ) Tj ET Q q 0 0 0 rg BT 228.91 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.13 357.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 278.49 357.10 Td (name ) Tj ET Q q 0 0 0 rg BT 302.72 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.74 357.10 Td (has ) Tj ET Q q 0 0 0 rg BT 335.64 357.10 Td (an ) Tj ET Q q 0 0 0 rg BT 347.66 357.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 388.56 357.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 415.57 357.10 Td (life. ) Tj ET Q q 0 0 0 rg BT 433.79 357.10 Td (The ) Tj ET Q q 0 0 0 rg BT 451.91 357.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 468.37 357.10 Td (value ) Tj ET Q q 0 0 0 rg BT 492.60 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.51 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.30 357.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 540.86 357.10 Td (name ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.05 345.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 114.02 345.10 Td (by ) Tj ET Q q 0 0 0 rg BT 126.02 345.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 169.67 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.88 345.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 213.64 345.10 Td (from ) Tj ET Q q 0 0 0 rg BT 235.07 345.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 267.07 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.28 345.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 302.71 345.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 328.02 345.10 Td (than ) Tj ET Q q 0 0 0 rg BT 347.23 345.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 376.45 345.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.88 345.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 413.20 345.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.97 345.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.40 345.10 Td (third ) Tj ET Q q 0 0 0 rg BT 450.29 345.10 Td (party ) Tj ET Q q 0 0 0 rg BT 472.83 345.10 Td (for ) Tj ET Q q 0 0 0 rg BT 486.48 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.69 345.10 Td (use ) Tj ET Q q 0 0 0 rg BT 516.02 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.55 345.10 Td (asset.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 328.10 Td (Goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.15 328.10 Td (which ) Tj ET Q q 0 0 0 rg BT 140.97 328.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.01 328.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 192.04 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.08 328.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.67 328.10 Td (purposes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.22 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.10 328.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 300.01 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.60 328.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 341.08 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.78 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.38 328.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 401.29 328.10 Td (price ) Tj ET Q q 0 0 0 rg BT 422.65 328.10 Td (over ) Tj ET Q q 0 0 0 rg BT 441.80 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.39 328.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.64 328.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.67 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.38 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 328.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.03 316.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 113.67 316.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 145.87 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.28 316.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 189.69 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.89 316.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 254.63 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.61 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.24 316.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 308.98 316.10 Td (price ) Tj ET Q q 0 0 0 rg BT 331.17 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.14 316.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 369.44 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.97 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.39 316.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.46 316.10 Td (value ) Tj ET Q q 0 0 0 rg BT 434.32 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 316.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 507.00 316.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.53 316.10 Td (was ) Tj ET Q q 0 0 0 rg BT 550.28 316.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.88 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.65 304.10 Td (assembled ) Tj ET Q q 0 0 0 rg BT 162.81 304.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 206.39 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.33 304.10 Td (syner) Tj ET Q q 0 0 0 rg BT 244.81 304.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 263.42 304.10 Td (between ) Tj ET Q q 0 0 0 rg BT 299.24 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.95 304.10 Td (Company) Tj ET Q q 0 0 0 rg BT 355.62 304.10 Td (s ) Tj ET Q q 0 0 0 rg BT 362.01 304.10 Td (products ) Tj ET Q q 0 0 0 rg BT 398.95 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.33 304.10 Td (AllRegs) Tj ET Q q 0 0 0 rg BT 450.89 304.10 Td (s ) Tj ET Q q 0 0 0 rg BT 457.28 304.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 287.10 Td (AllReg) Tj ET Q q 0 0 0 rg BT 105.17 287.10 Td (s ) Tj ET Q q 0 0 0 rg BT 111.29 287.10 Td (results ) Tj ET Q q 0 0 0 rg BT 139.64 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.20 287.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.09 287.10 Td (since ) Tj ET Q q 0 0 0 rg BT 216.87 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.33 287.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 262.45 287.10 Td (date ) Tj ET Q q 0 0 0 rg BT 281.34 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.90 287.10 Td (October ) Tj ET Q q 0 0 0 rg BT 326.35 287.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 336.08 287.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 360.82 287.10 Td (have ) Tj ET Q q 0 0 0 rg BT 381.93 287.10 Td (been ) Tj ET Q q 0 0 0 rg BT 403.04 287.10 Td (included ) Tj ET Q q 0 0 0 rg BT 439.71 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.72 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.18 287.10 Td (Company) Tj ET Q q 0 0 0 rg BT 505.84 287.10 Td (s ) Tj ET Q q 0 0 0 rg BT 511.97 287.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.83 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.27 275.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 169.92 275.10 Td (income ) Tj ET Q q 0 0 0 rg BT 202.47 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.24 275.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.58 275.10 Td (year ) Tj ET Q q 0 0 0 rg BT 252.90 275.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 279.89 275.10 Td (December ) Tj ET Q q 0 0 0 rg BT 324.09 275.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.59 275.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.71 275.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.71 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.82 275.10 Td (including ) Tj ET Q q 0 0 0 rg BT 403.71 275.10 Td (related ) Tj ET Q q 0 0 0 rg BT 434.03 275.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 472.68 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.12 275.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 275.10 Td ($2.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 263.10 Td (.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.41 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 134.67 740.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 177.46 740.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 194.16 740.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 221.40 740.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 264.20 740.10 Td (results ) Tj ET Q q 0 0 0 rg BT 293.68 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.37 740.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.39 740.10 Td (give ) Tj ET Q q 0 0 0 rg BT 370.98 740.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.56 740.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 396.91 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.06 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.64 740.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 470.89 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.84 740.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 517.99 740.10 Td (as 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rg BT 526.96 728.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.21 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.57 716.10 Td (do ) Tj ET Q q 0 0 0 rg BT 100.50 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.21 716.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 148.58 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.28 716.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 198.86 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.00 716.10 Td (Company) Tj ET Q q 0 0 0 rg BT 255.67 716.10 Td (s ) Tj ET Q q 0 0 0 rg BT 262.49 716.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 289.29 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.76 716.10 Td (results ) Tj ET Q q 0 0 0 rg BT 371.80 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.06 716.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 427.64 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.90 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 492.37 716.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.28 716.10 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (had ) Tj ET Q q 0 0 0 rg BT 67.15 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.57 704.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 129.67 704.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 167.85 704.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.06 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.49 704.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 220.24 704.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 260.39 704.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 276.93 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.35 704.10 Td (these ) Tj ET Q q 0 0 0 rg BT 316.10 704.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.29 704.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 399.71 704.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 447.35 704.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 489.99 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.53 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 704.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 704.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.06 692.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 127.28 692.10 Td (results ) Tj ET Q q 0 0 0 rg BT 155.07 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.08 692.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.41 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.42 692.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 270.64 692.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.30 692.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 343.59 692.10 Td (The ) Tj ET Q q 0 0 0 rg BT 360.81 692.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.38 692.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 433.05 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.50 692.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 464.73 692.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.41 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.53 692.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 530.85 692.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 92.99 680.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.17 680.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 158.89 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.50 680.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 217.56 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.29 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.90 680.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.19 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.50 680.10 Td (AllRegs. ) Tj ET Q q 0 0 0 rg BT 338.00 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.95 680.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 397.78 680.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 413.51 680.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 439.78 680.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 481.62 680.10 Td (results ) Tj ET Q q 0 0 0 rg BT 510.12 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 680.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (do ) Tj ET Q q 0 0 0 rg BT 61.41 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 76.11 668.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 103.55 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.68 668.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 139.60 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.84 668.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.19 668.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 211.43 668.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 249.44 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.69 668.10 Td (any ) Tj ET Q q 0 0 0 rg BT 276.04 668.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 309.61 668.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.52 668.10 Td (may ) Tj ET Q q 0 0 0 rg BT 345.65 668.10 Td (result ) Tj ET Q q 0 0 0 rg BT 369.78 668.10 Td (from ) Tj ET Q q 0 0 0 rg BT 391.13 668.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 430.81 668.10 Td (ef) Tj ET Q q 0 0 0 rg BT 438.40 668.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 478.62 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.87 668.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 522.42 668.10 Td (syner) Tj ET Q q 0 0 0 rg BT 543.90 668.10 Td (gies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.03 656.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 82.34 656.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 108.20 656.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 149.61 656.10 Td (results ) Tj ET Q q 0 0 0 rg BT 177.70 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.01 656.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 231.65 656.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.29 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.49 656.10 Td (years ) Tj ET Q q 0 0 0 rg BT 282.57 656.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.43 656.10 Td (December ) Tj ET Q q 0 0 0 rg BT 351.50 656.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 365.98 656.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 387.96 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.38 656.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 426.36 656.10 Td (include ) Tj ET Q q 0 0 0 rg BT 457.77 656.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 514.73 656.10 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 82.79 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.31 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.27 644.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 148.78 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.25 644.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 194.78 644.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 230.83 644.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 265.22 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.74 644.10 Td (its ) Tj ET Q q 0 0 0 rg BT 287.94 644.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 329.00 644.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.63 644.10 Td (value ) Tj ET Q q 0 0 0 rg BT 370.03 644.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.10 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.18 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.14 644.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 453.77 644.10 Td (date ) Tj ET Q q 0 0 0 rg BT 473.17 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.35 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.31 644.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.10 632.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.48 632.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 146.08 632.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 192.33 632.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 228.86 632.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 254.01 632.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 300.28 632.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 322.66 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.49 632.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 374.08 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.72 632.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 418.88 632.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 460.14 632.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 518.07 632.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 620.10 Td (date ) Tj ET Q q 0 0 0 rg BT 93.65 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.48 620.10 Td (acquisition.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 558.60 397.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 558.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 558.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 558.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 528.60 397.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 528.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 528.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 528.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 498.60 397.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 498.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 498.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 594.6 m 503 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 594.6 m 507 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 594.6 m 563 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 579.6 m 503 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 579.6 m 563 579.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 599.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.10 598.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 584.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 584.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 583.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 583.83 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 562.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.10 570.83 Td (\(unaudited, in thousands,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.65 562.83 Td (except per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 549.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 548.27 Td (174,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 548.27 Td (138,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 534.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 533.27 Td (15,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 533.27 Td (9,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 519.17 Td (Net income per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 504.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 503.27 Td (0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 503.27 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 489.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 488.27 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 488.27 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 457.80 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 457.80 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 457.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 457.80 Td (Balance ) Tj ET Q q 0 0 0 rg BT 131.73 457.80 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 157.56 457.80 Td (Components) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.45 457.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 431.50 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 96.22 431.50 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 137.61 431.50 Td (and ) Tj ET Q q 0 0 0 rg BT 155.67 431.50 Td (Other ) Tj ET Q q 0 0 0 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500.50 349.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 349.27 Td (3,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 334.27 Td (Income tax receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 334.27 Td (1,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 334.27 Td (2,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 319.27 Td (Deferred tax assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 319.27 Td (5,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 319.27 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 304.27 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 304.27 Td (3,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 304.27 Td (448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 289.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 289.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 289.72 Td (16,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 289.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 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() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 702.58 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 688.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 687.58 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 687.58 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 673.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 672.58 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 658.02 Td (Computer equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 658.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 658.02 Td (14,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 658.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 658.02 Td (10,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.02 Td (Software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 643.02 Td (6,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 643.02 Td (4,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.02 Td (Internal-use software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 628.02 Td (3,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 628.02 Td (1,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.02 Td (Office equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 613.02 Td (1,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 613.02 Td (1,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.02 Td (Telecom equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 598.02 Td (372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 598.02 Td (321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.02 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 583.02 Td (2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 583.02 Td (2,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 568.02 Td (Depreciable property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 568.02 Td (28,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 568.02 Td (20,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 553.02 Td (Accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 553.07 Td (\(17,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 553.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 553.07 Td (\(12,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 553.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.47 Td (Net depreciable property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 538.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 538.47 Td (10,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 538.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 538.47 Td (8,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.47 Td (Internal-use software and other assets not placed in service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 523.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 523.47 Td (18,300) Tj ET Q BT /F1 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Tj ET Q q 0 0 0 rg BT 373.63 487.45 Td (software ) Tj ET Q q 0 0 0 rg BT 409.69 487.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.31 487.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.27 487.45 Td ($19.9 ) Tj ET Q q 0 0 0 rg BT 465.40 487.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.29 487.45 Td ( ) Tj ET Q q 0 0 0 rg BT 495.91 487.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.98 487.45 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 531.10 487.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 487.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 475.45 Td (. ) Tj ET Q q 0 0 0 rg BT 101.80 475.45 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 157.87 475.45 Td (of ) Tj ET Q q 0 0 0 rg BT 168.94 475.45 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 218.89 475.45 Td (software ) Tj ET Q q 0 0 0 rg BT 256.06 475.45 Td (for ) Tj ET Q q 0 0 0 rg BT 270.47 475.45 Td (the ) Tj ET Q q 0 0 0 rg BT 285.43 475.45 Td 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463.45 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.74 463.45 Td ( ) Tj ET Q q 0 0 0 rg BT 192.24 463.45 Td (amortization ) Tj ET Q q 0 0 0 rg BT 245.28 463.45 Td (of ) Tj ET Q q 0 0 0 rg BT 256.11 463.45 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 305.81 463.45 Td (software ) Tj ET Q q 0 0 0 rg BT 342.74 463.45 Td (for ) Tj ET Q q 0 0 0 rg BT 356.90 463.45 Td (the ) Tj ET Q q 0 0 0 rg BT 371.61 463.45 Td (year ) Tj ET Q q 0 0 0 rg BT 391.32 463.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 417.70 463.45 Td (December ) Tj ET Q q 0 0 0 rg BT 461.28 463.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 476.28 463.45 Td (2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 447.05 Td (The ) Tj ET Q q 0 0 0 rg BT 90.40 447.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 108.86 447.05 Td (of ) Tj ET Q q 0 0 0 rg BT 119.55 447.05 Td (property ) Tj ET Q q 0 0 0 rg BT 155.78 447.05 Td (and ) Tj ET Q q 0 0 0 rg BT 172.57 447.05 Td (equipment ) Tj ET Q q 0 0 0 rg BT 217.13 447.05 Td (at ) Tj ET Q q 0 0 0 rg BT 226.70 447.05 Td (December ) Tj ET Q q 0 0 0 rg BT 270.14 447.05 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.00 447.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 447.05 Td ( ) Tj ET Q q 0 0 0 rg BT 307.35 447.05 Td (included ) Tj ET Q q 0 0 0 rg BT 344.14 447.05 Td (a ) Tj ET Q q 0 0 0 rg BT 350.93 447.05 Td (total ) Tj ET Q q 0 0 0 rg BT 371.05 447.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.74 447.05 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 401.59 447.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.48 447.05 Td ( ) Tj ET Q q 0 0 0 rg BT 432.84 447.05 Td (of ) Tj ET Q q 0 0 0 rg BT 443.52 447.05 Td (computer ) Tj ET Q q 0 0 0 rg BT 483.64 447.05 Td (equipment ) Tj ET Q q 0 0 0 rg BT 528.20 447.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 447.05 Td ($0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 435.05 Td ( ) Tj ET Q q 0 0 0 rg BT 81.44 435.05 Td (of ) Tj ET Q q 0 0 0 rg BT 92.83 435.05 Td (software ) Tj ET Q q 0 0 0 rg BT 130.31 435.05 Td (under ) Tj ET Q q 0 0 0 rg BT 156.13 435.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 185.84 435.05 Td (leases. ) Tj ET Q q 0 0 0 rg BT 214.59 435.05 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 270.96 435.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 324.55 435.05 Td (relating ) Tj ET Q q 0 0 0 rg BT 358.14 435.05 Td (to ) Tj ET Q q 0 0 0 rg BT 368.97 435.05 Td (computer ) Tj ET Q q 0 0 0 rg BT 409.79 435.05 Td (equipment ) Tj ET Q q 0 0 0 rg BT 455.05 435.05 Td (and ) Tj ET Q q 0 0 0 rg BT 472.55 435.05 Td (software ) Tj ET Q q 0 0 0 rg BT 510.03 435.05 Td (under ) Tj ET Q q 0 0 0 rg BT 535.85 435.05 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.05 Td (leases ) Tj ET Q q 0 0 0 rg BT 76.05 423.05 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.94 423.05 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 126.11 423.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 423.05 Td ( ) Tj ET Q q 0 0 0 rg BT 157.67 423.05 Td (at ) Tj ET Q q 0 0 0 rg BT 167.56 423.05 Td (December ) Tj ET Q q 0 0 0 rg BT 211.32 423.05 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.49 423.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.49 423.05 Td (. ) Tj ET Q q 0 0 0 rg BT 251.47 423.05 Td (The ) Tj ET Q q 0 0 0 rg BT 269.69 423.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 288.48 423.05 Td (of ) Tj ET Q q 0 0 0 rg BT 299.48 423.05 Td (property ) Tj ET Q q 0 0 0 rg BT 336.03 423.05 Td (and ) Tj ET Q q 0 0 0 rg BT 353.14 423.05 Td (equipment ) Tj ET Q q 0 0 0 rg BT 398.03 423.05 Td (at ) Tj ET Q q 0 0 0 rg BT 407.92 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Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (76) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 106.42 740.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 115.54 723.85 Td (assets, ) Tj ET Q q 0 0 0 rg BT 143.87 723.85 Td (net, ) Tj ET Q q 0 0 0 rg BT 161.09 723.85 Td (consisted ) Tj ET Q q 0 0 0 rg BT 200.81 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 211.64 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 226.35 723.85 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 664.35 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 664.35 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 664.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 664.35 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 664.35 4.00 -15.00 re f /GS0 gs 0.8 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700.35 m 306 700.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 700.35 m 389 700.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 700.35 m 393 700.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 700.35 m 476 700.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 700.35 m 480 700.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 700.35 m 563 700.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 679.35 m 302 679.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 679.35 m 389 679.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 679.35 m 476 679.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 679.35 m 563 679.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 604.35 m 302 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 604.35 m 389 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 604.35 m 476 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 559.35 m 302 559.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 559.35 m 389 559.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 559.35 m 476 559.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 545.35 m 302 545.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 543.35 m 302 543.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 559.35 m 389 559.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 545.35 m 389 545.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 543.35 m 389 543.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 559.35 m 476 559.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 545.35 m 476 545.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 543.35 m 476 543.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 522.35 m 302 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 522.35 m 306 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 522.35 m 389 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 522.35 m 393 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 522.35 m 476 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 501.35 m 302 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 501.35 m 389 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 501.35 m 476 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 522.35 m 563 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 501.35 m 563 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 426.35 m 302 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 426.35 m 389 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 426.35 m 476 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 426.35 m 302 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 412.35 m 302 412.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 410.35 m 302 410.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 426.35 m 389 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 412.35 m 389 412.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 410.35 m 389 410.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 426.35 m 476 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 412.35 m 476 412.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 410.35 m 476 410.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.25 704.58 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.40 691.58 Td (Gross carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.85 683.58 Td (amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 691.58 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.00 683.58 Td (amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 683.58 Td (Net intangibles) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.05 691.58 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.55 683.58 Td (Remaining Useful Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.65 668.58 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.85 668.58 Td (\(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.92 Td (Assets subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 639.92 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 639.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 639.02 Td (7,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 639.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 639.07 Td (\(2,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 639.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 639.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 639.02 Td (4,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 639.02 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 624.92 Td (Trade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 624.02 Td (301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 624.07 Td (\(279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 624.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 624.02 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 624.02 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 609.92 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 609.02 Td (17,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 609.07 Td (\(4,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 609.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 609.02 Td (13,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 609.02 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.92 Td (Total assets subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 594.02 Td (24,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 594.07 Td (\(7,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 594.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 594.02 Td (17,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 594.02 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 579.92 Td (Assets not subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 564.92 Td (Trade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 564.02 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 564.02 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 549.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 549.02 Td (28,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 549.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 549.07 Td (\(7,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 549.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 549.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 549.02 Td (21,452) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.25 526.58 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.40 513.58 Td 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BT 308.50 461.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 461.07 Td (\(1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 461.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 461.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 461.02 Td (374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 461.02 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 446.92 Td (Trade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 446.02 Td (260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 446.07 Td (\(192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 446.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 446.02 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 446.02 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 431.92 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 431.02 Td (7,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 431.07 Td (\(2,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 431.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 431.02 Td (4,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 431.02 Td (5.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 416.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 416.02 Td (9,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 416.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 416.07 Td (\(4,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 416.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 416.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 416.02 Td (5,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 416.02 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 389.95 Td (During ) Tj ET Q q 0 0 0 rg BT 102.36 389.95 Td (the ) Tj ET Q q 0 0 0 rg BT 116.10 389.95 Td (fourth ) Tj ET Q q 0 0 0 rg BT 142.07 389.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 171.91 389.95 Td (of ) Tj ET Q q 0 0 0 rg BT 181.77 389.95 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.77 389.95 Td (, ) Tj ET Q q 0 0 0 rg BT 205.80 389.95 Td (the ) Tj ET Q q 0 0 0 rg BT 219.55 389.95 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.96 389.95 Td (identified ) Tj ET Q q 0 0 0 rg BT 299.81 389.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.54 389.95 Td (indicators ) Tj ET Q q 0 0 0 rg BT 369.50 389.95 Td (of ) Tj ET Q q 0 0 0 rg BT 379.36 389.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 426.99 389.95 Td (for ) Tj ET Q q 0 0 0 rg BT 440.18 389.95 Td (both ) Tj ET Q q 0 0 0 rg BT 459.48 389.95 Td (the ) Tj ET Q q 0 0 0 rg BT 473.23 389.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 511.41 389.95 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.95 Td (and ) Tj ET Q q 0 0 0 rg BT 65.74 377.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 108.63 377.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 154.87 377.95 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.09 377.95 Td (in ) Tj ET Q q 0 0 0 rg BT 200.67 377.95 Td (the ) Tj ET Q q 0 0 0 rg BT 214.69 377.95 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 275.37 377.95 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 323.55 377.95 Td (Specifically) Tj ET Q q 0 0 0 rg BT 370.66 377.95 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.16 377.95 Td ( ) Tj ET Q q 0 0 0 rg BT 374.96 377.95 Td (the ) Tj ET Q q 0 0 0 rg BT 388.98 377.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 429.67 377.95 Td (determined ) Tj ET Q q 0 0 0 rg BT 476.45 377.95 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 377.95 Td (would ) Tj ET Q q 0 0 0 rg BT 510.60 377.95 Td (need ) Tj ET Q q 0 0 0 rg BT 531.28 377.95 Td (to ) Tj ET Q q 0 0 0 rg BT 540.86 377.95 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.26 365.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 142.80 365.95 Td (in ) Tj ET Q q 0 0 0 rg BT 153.35 365.95 Td (the ) Tj ET Q q 0 0 0 rg BT 168.34 365.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 216.66 365.95 Td (CRM ) Tj ET Q q 0 0 0 rg BT 241.66 365.95 Td (product, ) Tj ET Q q 0 0 0 rg BT 277.47 365.95 Td (including ) Tj ET Q q 0 0 0 rg BT 318.02 365.95 Td (in ) Tj ET Q q 0 0 0 rg BT 328.57 365.95 Td (the ) Tj ET Q q 0 0 0 rg BT 343.55 365.95 Td (areas ) Tj ET Q q 0 0 0 rg BT 366.86 365.95 Td (of ) Tj ET Q q 0 0 0 rg BT 377.96 365.95 Td (security) Tj ET Q q 0 0 0 rg BT 408.97 365.95 Td (, ) Tj ET Q q 0 0 0 rg BT 414.24 365.95 Td (stability ) Tj ET Q q 0 0 0 rg BT 449.23 365.95 Td (and ) Tj ET Q q 0 0 0 rg BT 466.44 365.95 Td (functionality ) Tj ET Q q 0 0 0 rg BT 520.30 365.95 Td (in ) Tj ET Q q 0 0 0 rg BT 530.85 365.95 Td (order ) Tj ET Q q 0 0 0 rg BT 554.72 365.95 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.95 Td (attract ) Tj ET Q q 0 0 0 rg BT 77.45 353.95 Td (new ) Tj ET Q q 0 0 0 rg BT 97.07 353.95 Td (customers ) Tj ET Q q 0 0 0 rg BT 140.58 353.95 Td (\(which ) Tj ET Q q 0 0 0 rg BT 171.32 353.95 Td (were ) Tj ET Q q 0 0 0 rg BT 193.71 353.95 Td (not ) Tj ET Q q 0 0 0 rg BT 209.46 353.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 247.95 353.95 Td (and ) Tj ET Q q 0 0 0 rg BT 265.36 353.95 Td (therefore ) Tj ET Q q 0 0 0 rg BT 304.41 353.95 Td (not ) Tj ET Q q 0 0 0 rg BT 320.15 353.95 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 376.98 353.95 Td (in ) Tj ET Q q 0 0 0 rg BT 387.73 353.95 Td (the ) Tj ET Q q 0 0 0 rg BT 402.91 353.95 Td (valuation ) Tj ET Q q 0 0 0 rg BT 443.08 353.95 Td (of ) Tj ET Q q 0 0 0 rg BT 454.38 353.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 494.00 353.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 548.07 353.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.36 341.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 140.56 341.95 Td (in ) Tj ET Q q 0 0 0 rg BT 151.10 341.95 Td (the ) Tj ET Q q 0 0 0 rg BT 166.08 341.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 204.39 341.95 Td (price ) Tj ET Q q 0 0 0 rg BT 227.14 341.95 Td (allocation ) Tj ET Q q 0 0 0 rg BT 269.33 341.95 Td (at ) Tj ET Q q 0 0 0 rg BT 279.31 341.95 Td (the ) Tj ET Q q 0 0 0 rg BT 294.29 341.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 340.94 341.95 Td (date\). ) Tj ET Q q 0 0 0 rg BT 365.99 341.95 Td (The ) Tj ET Q q 0 0 0 rg BT 384.30 341.95 Td (need ) Tj ET Q q 0 0 0 rg BT 405.94 341.95 Td (to ) Tj ET Q q 0 0 0 rg BT 416.49 341.95 Td (make ) Tj ET Q q 0 0 0 rg BT 440.91 341.95 Td (these ) Tj ET Q q 0 0 0 rg BT 464.22 341.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 514.76 341.95 Td (has ) Tj ET Q q 0 0 0 rg BT 530.85 341.95 Td (resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.95 Td (in ) Tj ET Q q 0 0 0 rg BT 59.67 329.95 Td (a ) Tj ET Q q 0 0 0 rg BT 66.51 329.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 111.12 329.95 Td (delay ) Tj ET Q q 0 0 0 rg BT 135.17 329.95 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.95 329.95 Td ( ) Tj ET Q q 0 0 0 rg BT 145.34 329.95 Td (the ) Tj ET Q q 0 0 0 rg BT 159.96 329.95 Td (Company) Tj ET Q q 0 0 0 rg BT 201.62 329.95 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.91 329.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 235.86 329.95 Td (to ) Tj ET Q q 0 0 0 rg BT 246.03 329.95 Td (release ) Tj ET Q q 0 0 0 rg BT 276.18 329.95 Td (an ) Tj ET Q q 0 0 0 rg BT 288.02 329.95 Td (integrated ) Tj ET Q q 0 0 0 rg BT 330.40 329.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 378.34 329.95 Td (CRM ) Tj ET Q q 0 0 0 rg BT 402.97 329.95 Td (product ) Tj ET Q q 0 0 0 rg BT 435.91 329.95 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.69 329.95 Td ( ) Tj ET Q q 0 0 0 rg BT 446.09 329.95 Td (its ) Tj ET Q q 0 0 0 rg BT 457.93 329.95 Td (customers. ) Tj ET Q q 0 0 0 rg BT 502.84 329.95 Td (As ) Tj ET Q q 0 0 0 rg BT 516.35 329.95 Td (a ) Tj ET Q q 0 0 0 rg BT 523.19 329.95 Td (result, ) Tj ET Q q 0 0 0 rg BT 550.30 329.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.95 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.45 317.95 Td (determined ) Tj ET Q q 0 0 0 rg BT 141.49 317.95 Td (it ) Tj ET Q q 0 0 0 rg BT 151.11 317.95 Td (was ) Tj ET Q q 0 0 0 rg BT 170.72 317.95 Td (necessary ) Tj ET Q q 0 0 0 rg BT 213.65 317.95 Td (to ) Tj ET Q q 0 0 0 rg BT 225.49 317.95 Td (assess ) Tj ET Q q 0 0 0 rg BT 254.00 317.95 Td (the ) Tj ET Q q 0 0 0 rg BT 270.27 317.95 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 329.86 317.95 Td (of ) Tj ET Q q 0 0 0 rg BT 342.25 317.95 Td (the ) Tj ET Q q 0 0 0 rg BT 358.53 317.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 399.25 317.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 454.41 317.95 Td (and ) Tj ET Q q 0 0 0 rg BT 472.91 317.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 518.07 317.95 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.95 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.24 305.95 Td (with ) Tj ET Q q 0 0 0 rg BT 113.67 305.95 Td (generating ) Tj ET Q q 0 0 0 rg BT 158.51 305.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 206.71 305.95 Td (CRM ) Tj ET Q q 0 0 0 rg BT 231.58 305.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 252.00 305.95 Td (flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.22 305.95 Td (. ) Tj ET Q q 0 0 0 rg BT 279.18 305.95 Td (The ) Tj ET Q q 0 0 0 rg BT 297.37 305.95 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.90 305.95 Td (used ) Tj ET Q q 0 0 0 rg BT 359.88 305.95 Td (an ) Tj ET Q q 0 0 0 rg BT 371.96 305.95 Td (income ) Tj ET Q q 0 0 0 rg BT 404.04 305.95 Td (approach ) Tj ET Q q 0 0 0 rg BT 443.34 305.95 Td (to ) Tj ET Q q 0 0 0 rg BT 453.76 305.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 496.39 305.95 Td (if ) Tj ET Q q 0 0 0 rg BT 505.14 305.95 Td (the ) Tj ET Q q 0 0 0 rg BT 520.01 305.95 Td (sum ) Tj ET Q q 0 0 0 rg BT 539.32 305.95 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 305.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.95 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 105.45 293.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.84 293.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 150.69 293.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 188.84 293.95 Td (to ) Tj ET Q q 0 0 0 rg BT 199.24 293.95 Td (result ) Tj ET Q q 0 0 0 rg BT 224.08 293.95 Td (from ) Tj ET Q q 0 0 0 rg BT 246.15 293.95 Td (the ) Tj ET Q q 0 0 0 rg BT 260.99 293.95 Td (use ) Tj ET Q q 0 0 0 rg BT 276.94 293.95 Td (and ) Tj ET Q q 0 0 0 rg BT 294.00 293.95 Td (eventual ) Tj ET Q q 0 0 0 rg BT 330.50 293.95 Td (disposition ) Tj ET Q q 0 0 0 rg BT 377.02 293.95 Td (of ) Tj ET Q q 0 0 0 rg BT 387.97 293.95 Td (each ) Tj ET Q q 0 0 0 rg BT 408.91 293.95 Td (asset ) Tj ET Q q 0 0 0 rg BT 430.97 293.95 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 470.79 293.95 Td (the ) Tj ET Q q 0 0 0 rg BT 485.63 293.95 Td (carrying ) Tj ET Q q 0 0 0 rg BT 521.57 293.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.19 293.95 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.95 Td (that ) Tj ET Q q 0 0 0 rg BT 67.42 281.95 Td (asset. ) Tj ET Q q 0 0 0 rg BT 91.64 281.95 Td (As ) Tj ET Q q 0 0 0 rg BT 105.67 281.95 Td (a ) Tj ET Q q 0 0 0 rg BT 113.04 281.95 Td (result ) Tj ET Q q 0 0 0 rg BT 138.18 281.95 Td (of ) Tj ET Q q 0 0 0 rg BT 149.43 281.95 Td (this ) Tj ET Q q 0 0 0 rg BT 166.80 281.95 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 216.66 281.95 Td (it ) Tj ET Q q 0 0 0 rg BT 225.14 281.95 Td (was ) Tj ET Q q 0 0 0 rg BT 243.62 281.95 Td (determined ) Tj ET Q q 0 0 0 rg BT 291.52 281.95 Td (that ) Tj ET Q q 0 0 0 rg BT 309.44 281.95 Td (the ) Tj ET Q q 0 0 0 rg BT 324.58 281.95 Td (sum ) Tj ET Q q 0 0 0 rg BT 344.18 281.95 Td (of ) Tj ET Q q 0 0 0 rg BT 355.43 281.95 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 411.68 281.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.37 281.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 457.52 281.95 Td (was ) Tj ET Q q 0 0 0 rg BT 475.99 281.95 Td (less ) Tj ET Q q 0 0 0 rg BT 493.92 281.95 Td (than ) Tj ET Q q 0 0 0 rg BT 514.06 281.95 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 281.95 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.71 269.95 Td (for ) Tj ET Q q 0 0 0 rg BT 97.59 269.95 Td (each ) Tj ET Q q 0 0 0 rg BT 119.13 269.95 Td (of ) Tj ET Q q 0 0 0 rg BT 130.68 269.95 Td (the ) Tj ET Q q 0 0 0 rg BT 146.11 269.95 Td (two ) Tj ET Q q 0 0 0 rg BT 164.33 269.95 Td (assets. ) Tj ET Q q 0 0 0 rg BT 193.38 269.95 Td (In ) Tj ET Q q 0 0 0 rg BT 204.93 269.95 Td (order ) Tj ET Q q 0 0 0 rg BT 229.25 269.95 Td (to ) Tj ET Q q 0 0 0 rg BT 240.25 269.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 283.45 269.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.88 269.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.10 269.95 Td (of ) Tj ET Q q 0 0 0 rg BT 343.65 269.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 392.96 269.95 Td (to ) Tj ET Q q 0 0 0 rg BT 403.96 269.95 Td (each ) Tj ET Q q 0 0 0 rg BT 425.50 269.95 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.94 269.95 Td (, ) Tj ET Q q 0 0 0 rg BT 450.65 269.95 Td (the ) Tj ET Q q 0 0 0 rg BT 466.09 269.95 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.20 269.95 Td (performed ) Tj ET Q q 0 0 0 rg BT 553.06 269.95 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.95 Td (analysis ) Tj ET Q q 0 0 0 rg BT 84.70 257.95 Td (to ) Tj ET Q q 0 0 0 rg BT 95.45 257.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 138.41 257.95 Td (the ) Tj ET Q q 0 0 0 rg BT 153.61 257.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.46 257.95 Td (value ) Tj ET Q q 0 0 0 rg BT 195.10 257.95 Td (of ) Tj ET Q q 0 0 0 rg BT 206.40 257.95 Td (each ) Tj ET Q q 0 0 0 rg BT 227.70 257.95 Td (asset, ) Tj ET Q q 0 0 0 rg BT 252.62 257.95 Td (which ) Tj ET Q q 0 0 0 rg BT 280.03 257.95 Td (was ) Tj ET Q q 0 0 0 rg BT 298.56 257.95 Td (determined ) Tj ET Q q 0 0 0 rg BT 346.52 257.95 Td (using ) Tj ET Q q 0 0 0 rg BT 371.17 257.95 Td (the ) Tj ET Q q 0 0 0 rg BT 386.37 257.95 Td (present ) Tj ET Q q 0 0 0 rg BT 418.22 257.95 Td (value ) Tj ET Q q 0 0 0 rg BT 442.85 257.95 Td (of ) Tj ET Q q 0 0 0 rg BT 454.16 257.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 492.67 257.95 Td (future ) Tj ET Q q 0 0 0 rg BT 519.53 257.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.28 257.95 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.95 Td (which ) Tj ET Q q 0 0 0 rg BT 76.25 245.95 Td (were ) Tj ET Q q 0 0 0 rg BT 98.00 245.95 Td (based ) Tj ET Q q 0 0 0 rg BT 123.08 245.95 Td (on ) Tj ET Q q 0 0 0 rg BT 135.40 245.95 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 177.43 245.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 229.19 245.95 Td (and ) Tj ET Q q 0 0 0 rg BT 245.95 245.95 Td (judgments.) Tj ET Q q 0 0 0 rg BT 292.43 245.95 Td (These ) Tj ET Q q 0 0 0 rg BT 318.62 245.95 Td (include ) Tj ET Q q 0 0 0 rg BT 350.37 245.95 Td (the ) Tj ET Q q 0 0 0 rg BT 364.91 245.95 Td (forecast ) Tj ET Q q 0 0 0 rg BT 398.87 245.95 Td (of ) Tj ET Q q 0 0 0 rg BT 409.51 245.95 Td (future ) Tj ET Q q 0 0 0 rg BT 435.71 245.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.79 245.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 480.33 245.95 Td (related ) Tj ET Q q 0 0 0 rg BT 509.85 245.95 Td (to ) Tj ET Q q 0 0 0 rg BT 519.94 245.95 Td (each ) Tj ET Q q 0 0 0 rg BT 540.57 245.95 Td (asset, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.95 Td (the ) Tj ET Q q 0 0 0 rg BT 63.97 233.95 Td (discount ) Tj ET Q q 0 0 0 rg BT 100.10 233.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 117.33 233.95 Td (used ) Tj ET Q q 0 0 0 rg BT 137.91 233.95 Td (in ) Tj ET Q q 0 0 0 rg BT 147.94 233.95 Td (discounting ) Tj ET Q q 0 0 0 rg BT 196.85 233.95 Td (those ) Tj ET Q q 0 0 0 rg BT 220.21 233.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.23 233.95 Td (flows, ) Tj ET Q q 0 0 0 rg BT 267.20 233.95 Td (and ) Tj ET Q q 0 0 0 rg BT 283.88 233.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.35 233.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 336.13 233.95 Td (remaining ) Tj ET Q q 0 0 0 rg BT 378.92 233.95 Td (useful ) Tj ET Q q 0 0 0 rg BT 405.61 233.95 Td (life ) Tj ET Q q 0 0 0 rg BT 421.18 233.95 Td (of ) Tj ET Q q 0 0 0 rg BT 431.76 233.95 Td (each ) Tj ET Q q 0 0 0 rg BT 452.32 233.95 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.76 233.95 Td (. ) Tj ET Q q 0 0 0 rg BT 476.35 233.95 Td (This ) Tj ET Q q 0 0 0 rg BT 496.38 233.95 Td (analysis ) Tj ET Q q 0 0 0 rg BT 530.84 233.95 Td (resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.01 221.95 Td (a ) Tj ET Q q 0 0 0 rg BT 67.17 221.95 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 106.00 221.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 154.83 221.95 Td (char) Tj ET Q q 0 0 0 rg BT 171.85 221.95 Td (ge ) Tj ET Q q 0 0 0 rg BT 184.02 221.95 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.35 221.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.08 221.95 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 215.31 221.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.20 221.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.93 221.95 Td (to ) Tj ET Q q 0 0 0 rg BT 257.44 221.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 296.82 221.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 350.65 221.95 Td (and ) Tj ET Q q 0 0 0 rg BT 367.82 221.95 Td (a ) Tj ET Q q 0 0 0 rg BT 374.99 221.95 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 413.81 221.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 462.64 221.95 Td (char) Tj ET Q q 0 0 0 rg BT 479.67 221.95 Td (ge ) Tj ET Q q 0 0 0 rg BT 491.83 221.95 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.16 221.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.89 221.95 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 523.12 221.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.01 221.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.74 221.95 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 92.36 209.95 Td (technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.14 209.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.40 209.95 Td (which ) Tj ET Q q 0 0 0 rg BT 166.60 209.95 Td (were ) Tj ET Q q 0 0 0 rg BT 187.80 209.95 Td (included ) Tj ET Q q 0 0 0 rg BT 223.99 209.95 Td (in ) Tj ET Q q 0 0 0 rg BT 233.53 209.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 254.73 209.95 Td (and ) Tj ET Q q 0 0 0 rg BT 270.94 209.95 Td (marketing ) Tj ET Q q 0 0 0 rg BT 313.24 209.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 351.10 209.95 Td (and ) Tj ET Q q 0 0 0 rg BT 367.30 209.95 Td (research ) Tj ET Q q 0 0 0 rg BT 402.37 209.95 Td (and ) Tj ET Q q 0 0 0 rg BT 418.57 209.95 Td (development ) Tj ET Q q 0 0 0 rg BT 471.99 209.95 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 512.35 209.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 209.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.95 Td (in ) Tj ET Q q 0 0 0 rg BT 60.39 197.95 Td (the ) Tj ET Q q 0 0 0 rg BT 75.71 197.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.36 197.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 174.68 197.95 Td (of ) Tj ET Q q 0 0 0 rg BT 186.12 197.95 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 249.76 197.95 Td (income ) Tj ET Q q 0 0 0 rg BT 282.30 197.95 Td (for ) Tj ET Q q 0 0 0 rg BT 297.07 197.95 Td (the ) Tj ET Q q 0 0 0 rg BT 312.39 197.95 Td (year ) Tj ET Q q 0 0 0 rg BT 332.71 197.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 359.69 197.95 Td (December ) Tj ET Q q 0 0 0 rg BT 403.88 197.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 419.49 197.95 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.49 197.95 Td (. ) Tj ET Q q 0 0 0 rg BT 444.88 197.95 Td (The ) Tj ET Q q 0 0 0 rg BT 463.53 197.95 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.53 197.95 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 550.28 197.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.95 Td (useful ) Tj ET Q q 0 0 0 rg BT 76.44 185.95 Td (life ) Tj ET Q q 0 0 0 rg BT 92.26 185.95 Td (of ) Tj ET Q q 0 0 0 rg BT 103.09 185.95 Td (the ) Tj ET Q q 0 0 0 rg BT 117.81 185.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 156.97 185.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 210.57 185.95 Td (and ) Tj ET Q q 0 0 0 rg BT 227.51 185.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 271.10 185.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 318.04 185.95 Td (and ) Tj ET Q q 0 0 0 rg BT 334.97 185.95 Td (determined ) Tj ET Q q 0 0 0 rg BT 382.45 185.95 Td (that ) Tj ET Q q 0 0 0 rg BT 399.95 185.95 Td (they ) Tj ET Q q 0 0 0 rg BT 419.67 185.95 Td (remained ) Tj ET Q q 0 0 0 rg BT 459.37 185.95 Td (appropriate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.90 185.95 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 164.95 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 129.22 164.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 163.83 164.95 Td (associated ) Tj ET Q q 0 0 0 rg BT 207.32 164.95 Td (with ) Tj ET Q q 0 0 0 rg BT 227.50 164.95 Td (intangible ) Tj ET Q q 0 0 0 rg BT 269.88 164.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 295.61 164.95 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.56 164.95 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 333.46 164.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.35 164.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.25 164.95 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 387.15 164.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.04 164.95 Td ( ) Tj ET Q q 0 0 0 rg BT 418.44 164.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.28 164.95 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 455.18 164.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.07 164.95 Td ( ) Tj ET Q q 0 0 0 rg BT 486.47 164.95 Td (for ) Tj ET Q q 0 0 0 rg BT 500.53 164.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.14 164.95 Td (years ) Tj ET Q q 0 0 0 rg BT 538.64 164.95 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.95 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 152.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 152.95 Td (2014, ) Tj ET Q q 0 0 0 rg BT 133.08 152.95 Td (2013 ) Tj ET Q q 0 0 0 rg BT 155.58 152.95 Td (and ) Tj ET Q q 0 0 0 rg BT 172.52 152.95 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.52 152.95 Td (, ) Tj ET Q q 0 0 0 rg BT 197.52 152.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 245.18 152.95 Td (.) 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rg BT 500.50 327.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 327.47 Td (6,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 312.47 Td (Accrued commissions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 312.47 Td (917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 312.47 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 297.47 Td (Accrued professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 297.47 Td (362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 297.47 Td (503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 282.47 Td (Accrued royalties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 282.47 Td (919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 282.47 Td (725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 267.47 Td (Sales and other taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 267.47 Td (357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 267.47 Td (254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 252.47 Td (Current portion 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Tj ET Q q 0 0 0 rg BT 110.53 723.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 148.56 723.85 Td (consisted ) Tj ET Q q 0 0 0 rg BT 188.28 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 199.11 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 213.83 723.85 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.35 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 668.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 668.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 668.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 638.35 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 638.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 638.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 638.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.35 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 608.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 608.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 608.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 578.35 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 578.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 578.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 578.35 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 698.35 m 494 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 698.35 m 498 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 698.35 m 563 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 698.35 m 494 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 683.35 m 494 683.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 698.35 m 498 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 698.35 m 563 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 683.35 m 563 683.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 608.35 m 494 608.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 608.35 m 563 608.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 608.35 m 494 608.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 608.35 m 563 608.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 578.35 m 494 578.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 564.35 m 494 564.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 562.35 m 494 562.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 578.35 m 563 578.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 564.35 m 563 564.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 562.35 m 563 562.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 702.58 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 687.58 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 687.58 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 672.58 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 658.02 Td (Software maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 658.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 658.02 Td (1,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 658.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 658.02 Td (2,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.02 Td (Professional services and training) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 643.02 Td (2,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 643.02 Td (1,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.02 Td (Subscriptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 628.02 Td (4,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 628.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.02 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 613.02 Td (1,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 613.02 Td (944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.02 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 598.02 Td (9,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 598.02 Td (4,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.02 Td (Less portion included in other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 583.07 Td (\(176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 583.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 583.07 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 583.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 568.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 568.47 Td (9,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 568.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 568.47 Td (4,752) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 537.85 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 537.85 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 537.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 537.85 Td (Income ) Tj ET Q q 0 0 0 rg BT 129.32 537.85 Td (T) Tj ET Q q 0 0 0 rg BT 135.07 537.85 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.40 537.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 521.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 521.45 Td (components ) Tj ET Q q 0 0 0 rg BT 141.37 521.45 Td (of ) Tj ET Q q 0 0 0 rg BT 152.20 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 166.92 521.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 207.20 521.45 Td (for ) Tj ET Q q 0 0 0 rg BT 221.36 521.45 Td (income ) Tj ET Q q 0 0 0 rg BT 253.29 521.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 276.34 521.45 Td (were ) Tj ET Q q 0 0 0 rg BT 298.27 521.45 Td (as ) Tj ET Q q 0 0 0 rg BT 309.10 521.45 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 465.95 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 465.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 465.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 465.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 465.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 465.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 435.95 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 435.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 435.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 435.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 435.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 435.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 405.95 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 405.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 405.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 405.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 405.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 405.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 375.95 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 375.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 375.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 375.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 375.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 375.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.95 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 345.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 345.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 345.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 345.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 345.95 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 495.95 m 449 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 495.95 m 453 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 495.95 m 506 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 495.95 m 510 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 495.95 m 563 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 480.95 m 449 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 480.95 m 506 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 495.95 m 563 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 480.95 m 563 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 420.95 m 449 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 420.95 m 506 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 420.95 m 563 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 420.95 m 506 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 420.95 m 563 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 360.95 m 449 360.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 360.95 m 506 360.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 360.95 m 563 360.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 360.95 m 449 360.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 360.95 m 506 360.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 360.95 m 563 360.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 345.95 m 449 345.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 331.95 m 449 331.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 329.95 m 449 329.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 345.95 m 506 345.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 331.95 m 506 331.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 329.95 m 506 329.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 345.95 m 563 345.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 331.95 m 563 331.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 329.95 m 563 329.95 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 501.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 500.18 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 485.62 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 485.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 485.18 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 485.18 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 470.62 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 470.18 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 455.62 Td (Current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 440.62 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 440.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 440.62 Td (5,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 440.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 440.62 Td (9,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 440.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 440.62 Td (1,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 425.62 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 425.62 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 425.62 Td (814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 425.62 Td (256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 411.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 410.62 Td (6,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 410.62 Td (10,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 410.62 Td (2,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 395.62 Td (Deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 380.62 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 380.62 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 380.67 Td (\(4,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 380.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 380.62 Td (249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 365.62 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 365.62 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 365.67 Td (\(128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 365.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 365.67 Td (\(808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 365.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 351.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 351.07 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 351.12 Td (\(4,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 351.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 351.12 Td (\(559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 351.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 335.62 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 335.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 335.62 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 335.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 335.62 Td (6,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 335.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 335.62 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 309.55 Td (The ) Tj ET Q q 0 0 0 rg BT 90.32 309.55 Td (provision ) Tj ET Q q 0 0 0 rg BT 130.37 309.55 Td (for ) Tj ET Q q 0 0 0 rg BT 144.30 309.55 Td (income ) Tj ET Q q 0 0 0 rg BT 176.01 309.55 Td (taxes ) Tj ET Q q 0 0 0 rg BT 198.83 309.55 Td (dif) Tj ET Q q 0 0 0 rg BT 209.75 309.55 Td (fered ) Tj ET Q q 0 0 0 rg BT 232.56 309.55 Td (from ) Tj ET Q q 0 0 0 rg BT 254.27 309.55 Td (the ) Tj ET Q q 0 0 0 rg BT 268.76 309.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 301.03 309.55 Td (of ) Tj ET Q q 0 0 0 rg BT 311.63 309.55 Td (income ) Tj ET Q q 0 0 0 rg BT 343.34 309.55 Td (taxes ) Tj ET Q q 0 0 0 rg BT 366.16 309.55 Td (determined ) Tj ET Q q 0 0 0 rg BT 413.41 309.55 Td (by ) Tj ET Q q 0 0 0 rg BT 425.68 309.55 Td (applying ) Tj ET Q q 0 0 0 rg BT 462.95 309.55 Td (the ) Tj ET Q q 0 0 0 rg BT 477.44 309.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 497.49 309.55 Td (statutory ) Tj ET Q q 0 0 0 rg BT 534.76 309.55 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.55 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 297.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.15 297.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 113.64 297.55 Td (as ) Tj ET Q q 0 0 0 rg BT 124.47 297.55 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 257.05 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 257.05 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 257.05 4.00 -15.00 re f /GS0 gs 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431.50 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 659.27 Td (2,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 659.27 Td (2,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 644.27 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 644.27 Td (6,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 644.27 Td (5,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 629.27 Td (Reserves and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 629.27 Td (3,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 629.27 Td (2,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 614.27 Td (Net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 614.27 Td (366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 614.27 Td (625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 599.27 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 599.27 Td (13,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 599.27 Td (9,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 584.27 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 584.32 Td (\(2,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 584.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 584.32 Td (\(2,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 584.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 569.27 Td (Total deferred tax assets, net of valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 569.27 Td (10,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 569.27 Td (7,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 554.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 554.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 539.27 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 524.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 524.32 Td (\(6,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 524.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 524.32 Td (\(2,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 524.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 509.27 Td (Book/tax basis in acquired assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 509.32 Td (\(271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 509.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 509.32 Td (\(112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 509.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 494.27 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 494.32 Td (\(6,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 494.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 494.32 Td (\(3,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 494.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.27 Td (Net deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 479.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 479.27 Td (4,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 479.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 479.27 Td (4,879) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 454.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 454.10 Td (, the Company had recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.10 454.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.99 454.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.32 454.10 Td (net current deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.71 454.10 Td ( in prepaid expenses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (other current assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.69 442.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.58 442.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.91 442.10 Td (net long-term deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.42 442.10 Td ( in deposits and other assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.23 442.10 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.12 442.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.45 442.10 Td (net long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (term deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.06 430.10 Td ( in other long-term liabilities on the consolidated balance sheet. ) Tj ET Q q 0 0 0 rg BT 413.83 430.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.33 430.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.91 430.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (Company had recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.30 418.10 Td ($23,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.80 418.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.13 418.10 Td (net current deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.52 418.10 Td ( in prepaid expenses and other current assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.95 418.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.84 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (of net long-term deferred tax assets in deposits and other assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 385.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.93 385.10 Td (continues to maintain a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.97 385.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.47 385.10 Td (valuation allowance against the deferred tax assets related to certain state research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (and development tax credits, the realization of which is uncertain as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 373.10 Td ( the Company expects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.43 373.10 Td (to generate additional such credits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (a faster rate than) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.85 361.10 Td ( it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.57 361.10 Td (able to utilize them) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.49 361.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.81 361.10 Td (The valuation allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 361.10 Td (decreased by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.52 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.02 361.10 Td ($6.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.91 361.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.69 361.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.69 361.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.69 361.10 Td (increased by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.94 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.44 361.10 Td ($0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 349.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.17 349.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.17 349.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.61 349.10 Td (increased by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.86 349.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.36 349.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.25 349.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.03 349.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.03 349.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 327.20 Td (The ) Tj ET Q q 0 0 0 rg BT 91.96 327.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.76 327.20 Td (utilized ) Tj ET Q q 0 0 0 rg BT 168.66 327.20 Td (all ) Tj ET Q q 0 0 0 rg BT 182.57 327.20 Td (of ) Tj ET Q q 0 0 0 rg BT 194.81 327.20 Td (its ) Tj ET Q q 0 0 0 rg BT 208.18 327.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 239.84 327.20 Td (net ) Tj ET Q q 0 0 0 rg BT 255.97 327.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.65 327.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 317.12 327.20 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.89 327.20 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.44 327.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 357.13 327.20 Td (during ) Tj ET Q q 0 0 0 rg BT 387.15 327.20 Td (the ) Tj ET Q q 0 0 0 rg BT 403.28 327.20 Td (year ) Tj ET Q q 0 0 0 rg BT 424.40 327.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 452.19 327.20 Td (December ) Tj ET Q q 0 0 0 rg BT 497.18 327.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 513.60 327.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 539.15 327.20 Td (As ) Tj ET Q q 0 0 0 rg BT 554.17 327.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.83 315.20 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.83 315.20 Td (, ) Tj ET Q q 0 0 0 rg BT 132.57 315.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.04 315.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 188.17 315.20 Td (had ) Tj ET Q q 0 0 0 rg BT 204.85 315.20 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.42 315.20 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.60 315.20 Td ( ) Tj ET Q q 0 0 0 rg BT 247.85 315.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 306.17 315.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.75 315.20 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 336.49 315.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.38 315.20 Td (, ) Tj ET Q q 0 0 0 rg BT 370.13 315.20 Td (available ) Tj ET Q q 0 0 0 rg BT 408.46 315.20 Td (to ) Tj ET Q q 0 0 0 rg BT 418.49 315.20 Td (reduce ) Tj ET Q q 0 0 0 rg BT 447.38 315.20 Td (future ) Tj ET Q q 0 0 0 rg BT 473.50 315.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 504.62 315.20 Td (income. ) Tj ET Q q 0 0 0 rg BT 538.63 315.20 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.20 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.17 303.20 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.35 303.20 Td ( ) Tj ET Q q 0 0 0 rg BT 92.70 303.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 151.13 303.20 Td (will ) Tj ET Q q 0 0 0 rg BT 169.03 303.20 Td (begin ) Tj ET Q q 0 0 0 rg BT 193.60 303.20 Td (to ) Tj ET Q q 0 0 0 rg BT 203.72 303.20 Td (expire ) Tj ET Q q 0 0 0 rg BT 231.06 303.20 Td (commencing ) Tj ET Q q 0 0 0 rg BT 285.05 303.20 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.18 303.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.18 303.20 Td (. ) Tj ET Q q 0 0 0 rg BT 319.51 303.20 Td (As ) Tj ET Q q 0 0 0 rg BT 332.97 303.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.65 303.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 402.08 303.20 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.08 303.20 Td (, ) Tj ET Q q 0 0 0 rg BT 426.93 303.20 Td (the ) Tj ET Q q 0 0 0 rg BT 441.49 303.20 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.73 303.20 Td (also ) Tj ET Q q 0 0 0 rg BT 501.18 303.20 Td (had ) Tj ET Q q 0 0 0 rg BT 517.97 303.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 548.07 303.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.20 Td (state ) Tj ET Q q 0 0 0 rg BT 70.70 291.20 Td (research ) Tj ET Q q 0 0 0 rg BT 106.89 291.20 Td (and ) Tj ET Q q 0 0 0 rg BT 124.20 291.20 Td (development ) Tj ET Q q 0 0 0 rg BT 178.73 291.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.82 291.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 219.46 291.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 278.42 291.20 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.75 291.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.63 291.20 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 310.01 291.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.90 291.20 Td ( ) Tj ET Q q 0 0 0 rg BT 341.78 291.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.09 291.20 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 379.47 291.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.36 291.20 Td (, ) Tj ET Q q 0 0 0 rg BT 413.74 291.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 461.40 291.20 Td (. ) Tj ET Q q 0 0 0 rg BT 466.78 291.20 Td (If ) Tj ET Q q 0 0 0 rg BT 476.31 291.20 Td (it ) Tj ET Q q 0 0 0 rg BT 484.75 291.20 Td (were ) Tj ET Q q 0 0 0 rg BT 507.05 291.20 Td (to ) Tj ET Q q 0 0 0 rg BT 517.71 291.20 Td (be ) Tj ET Q q 0 0 0 rg BT 530.03 291.20 Td (utilized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.20 Td (the ) Tj ET Q q 0 0 0 rg BT 64.09 279.20 Td (related ) Tj ET Q q 0 0 0 rg BT 93.66 279.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 123.79 279.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.38 279.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 168.51 279.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.22 279.20 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 199.09 279.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.98 279.20 Td ( ) Tj ET Q q 0 0 0 rg BT 230.35 279.20 Td (would ) Tj ET Q q 0 0 0 rg BT 257.72 279.20 Td (be ) Tj ET Q q 0 0 0 rg BT 269.53 279.20 Td (credited ) Tj ET Q q 0 0 0 rg BT 304.11 279.20 Td (to ) Tj ET Q q 0 0 0 rg BT 314.26 279.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 356.62 279.20 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 387.32 279.20 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.67 279.20 Td (The ) Tj ET Q q 0 0 0 rg BT 436.59 279.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 466.71 279.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.30 279.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 506.44 279.20 Td (carryforwards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.20 Td (begin ) Tj ET Q q 0 0 0 rg BT 74.22 267.20 Td (to ) Tj ET Q q 0 0 0 rg BT 84.50 267.20 Td (expire ) Tj ET Q q 0 0 0 rg BT 111.98 267.20 Td (commencing ) Tj ET Q q 0 0 0 rg BT 166.13 267.20 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.91 267.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.41 267.20 Td (2033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.41 267.20 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.23 267.20 Td (The ) Tj ET Q q 0 0 0 rg BT 219.28 267.20 Td (state ) Tj ET Q q 0 0 0 rg BT 240.10 267.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.82 267.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 280.08 267.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 338.66 267.20 Td (may ) Tj ET Q q 0 0 0 rg BT 358.38 267.20 Td (be ) Tj ET Q q 0 0 0 rg BT 370.32 267.20 Td (carried ) Tj ET Q q 0 0 0 rg BT 400.57 267.20 Td (forward ) Tj ET Q q 0 0 0 rg BT 434.72 267.20 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 480.17 267.20 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 245.30 Td (Internal ) Tj ET Q q 0 0 0 rg BT 105.84 245.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 143.07 245.30 Td (Code ) Tj ET Q q 0 0 0 rg BT 166.43 245.30 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 216.17 245.30 Td (places ) Tj ET Q q 0 0 0 rg BT 243.41 245.30 Td (a ) Tj ET Q q 0 0 0 rg BT 250.09 245.30 Td (limitation ) Tj ET Q q 0 0 0 rg BT 291.23 245.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 309.02 245.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 345.70 245.30 Td (382 ) Tj ET Q q 0 0 0 rg BT 362.95 245.30 Td (Limitation\) ) Tj ET Q q 0 0 0 rg BT 415.18 245.30 Td (on ) Tj ET Q q 0 0 0 rg BT 427.43 245.30 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 245.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 474.14 245.30 Td (of ) Tj ET Q q 0 0 0 rg BT 484.71 245.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 515.83 245.30 Td (income ) Tj ET Q q 0 0 0 rg BT 547.52 245.30 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.30 Td (can ) Tj ET Q q 0 0 0 rg BT 64.89 233.30 Td (be ) Tj ET Q q 0 0 0 rg BT 75.85 233.30 Td (of) Tj ET Q q 0 0 0 rg BT 84.00 233.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 99.95 233.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.47 233.30 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.65 233.30 Td ( ) Tj ET Q q 0 0 0 rg BT 133.16 233.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 190.76 233.30 Td (after ) Tj ET Q q 0 0 0 rg BT 210.59 233.30 Td (a ) Tj ET Q q 0 0 0 rg BT 216.55 233.30 Td (change ) Tj ET Q q 0 0 0 rg BT 246.38 233.30 Td (in ) Tj ET Q q 0 0 0 rg BT 255.67 233.30 Td (control ) Tj ET Q q 0 0 0 rg BT 285.51 233.30 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 327.56 233.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 356.83 233.30 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.56 233.30 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.89 233.30 Td ( ) Tj ET Q q 0 0 0 rg BT 395.41 233.30 Td (change ) Tj ET Q q 0 0 0 rg BT 425.24 233.30 Td (in ) Tj ET Q q 0 0 0 rg BT 434.54 233.30 Td (ownership\) ) Tj ET Q q 0 0 0 rg BT 481.04 233.30 Td (of ) Tj ET Q q 0 0 0 rg BT 490.89 233.30 Td (a ) Tj ET Q q 0 0 0 rg BT 496.84 233.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 513.92 233.30 Td (corporation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.30 Td (California ) Tj ET Q q 0 0 0 rg BT 92.68 221.30 Td (has ) Tj ET Q q 0 0 0 rg BT 108.65 221.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 139.07 221.30 Td (rules. ) Tj ET Q q 0 0 0 rg BT 163.46 221.30 Td (The ) Tj ET Q q 0 0 0 rg BT 181.64 221.30 Td (Company) Tj ET Q q 0 0 0 rg BT 223.31 221.30 Td (s ) Tj ET Q q 0 0 0 rg BT 229.84 221.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 286.34 221.30 Td (as ) Tj ET Q q 0 0 0 rg BT 297.31 221.30 Td (described ) Tj ET Q q 0 0 0 rg BT 338.27 221.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 365.90 221.30 Td (may ) Tj ET Q q 0 0 0 rg BT 385.75 221.30 Td (have ) Tj ET Q q 0 0 0 rg BT 407.27 221.30 Td (created ) Tj ET Q q 0 0 0 rg BT 438.77 221.30 Td (such ) Tj ET Q q 0 0 0 rg BT 459.74 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 466.82 221.30 Td (change. ) Tj ET Q q 0 0 0 rg BT 500.28 221.30 Td (Generally) Tj ET Q q 0 0 0 rg BT 539.05 221.30 Td (, ) Tj ET Q q 0 0 0 rg BT 544.19 221.30 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.30 Td (a ) Tj ET Q q 0 0 0 rg BT 57.39 209.30 Td (control ) Tj ET Q q 0 0 0 rg BT 89.17 209.30 Td (change, ) Tj ET Q q 0 0 0 rg BT 123.44 209.30 Td (a ) Tj ET Q q 0 0 0 rg BT 131.33 209.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.34 209.30 Td (corporation ) Tj ET Q q 0 0 0 rg BT 199.89 209.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 229.99 209.30 Td (deduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.10 209.30 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.28 209.30 Td ( ) Tj ET Q q 0 0 0 rg BT 283.73 209.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 343.26 209.30 Td (in ) Tj ET Q q 0 0 0 rg BT 354.50 209.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 384.05 209.30 Td (of ) Tj ET Q q 0 0 0 rg BT 395.83 209.30 Td (the ) Tj ET Q q 0 0 0 rg BT 411.50 209.30 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 462.44 209.30 Td (Limitation. ) Tj ET Q q 0 0 0 rg BT 510.61 209.30 Td (Due ) Tj ET Q q 0 0 0 rg BT 530.73 209.30 Td (to ) Tj ET Q q 0 0 0 rg BT 541.96 209.30 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (change ) Tj ET Q q 0 0 0 rg BT 85.22 197.30 Td (in ) Tj ET Q q 0 0 0 rg BT 95.97 197.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 145.04 197.30 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 192.18 197.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 235.69 197.30 Td (of ) Tj ET Q q 0 0 0 rg BT 246.99 197.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.18 197.30 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.36 197.30 Td ( ) Tj ET Q q 0 0 0 rg BT 285.33 197.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 344.37 197.30 Td (may ) Tj ET Q q 0 0 0 rg BT 364.56 197.30 Td (be ) Tj ET Q q 0 0 0 rg BT 376.97 197.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 408.26 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 419.01 197.30 Td (an ) Tj ET Q q 0 0 0 rg BT 431.41 197.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 461.04 197.30 Td (limitation ) Tj ET Q q 0 0 0 rg BT 502.89 197.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 544.18 197.30 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 92.86 185.30 Td (against ) Tj ET Q q 0 0 0 rg BT 124.00 185.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 155.68 185.30 Td (income ) Tj ET Q q 0 0 0 rg BT 187.92 185.30 Td (in ) Tj ET Q q 0 0 0 rg BT 198.51 185.30 Td (future ) Tj ET Q q 0 0 0 rg BT 225.20 185.30 Td (periods. ) Tj ET Q q 0 0 0 rg BT 259.75 185.30 Td (The ) Tj ET Q q 0 0 0 rg BT 278.11 185.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.81 185.30 Td (has ) Tj ET Q q 0 0 0 rg BT 335.95 185.30 Td (prepared ) Tj ET Q q 0 0 0 rg BT 373.73 185.30 Td (a ) Tj ET Q q 0 0 0 rg BT 380.98 185.30 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 431.29 185.30 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 476.32 185.30 Td (analysis ) Tj ET Q q 0 0 0 rg BT 511.35 185.30 Td (and ) Tj ET Q q 0 0 0 rg BT 528.60 185.30 Td (does ) Tj ET Q q 0 0 0 rg BT 549.74 185.30 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.61 173.30 Td (that ) Tj ET Q q 0 0 0 rg BT 99.85 173.30 Td (any ) Tj ET Q q 0 0 0 rg BT 117.53 173.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.10 173.30 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.79 173.30 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.97 173.30 Td ( ) Tj ET Q q 0 0 0 rg BT 165.21 173.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 224.53 173.30 Td (are ) Tj ET Q q 0 0 0 rg BT 239.98 173.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.55 173.30 Td (to ) Tj ET Q q 0 0 0 rg BT 282.57 173.30 Td (expiration ) Tj ET Q q 0 0 0 rg BT 326.35 173.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 349.03 173.30 Td (to ) Tj ET Q q 0 0 0 rg BT 360.05 173.30 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 406.34 173.30 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 455.69 173.30 Td (have ) Tj ET Q q 0 0 0 rg BT 477.80 173.30 Td (been ) Tj ET Q q 0 0 0 rg BT 499.92 173.30 Td (imposed ) Tj ET Q q 0 0 0 rg BT 537.05 173.30 Td (on ) Tj ET Q q 0 0 0 rg BT 550.29 173.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.30 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 161.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.56 161.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 134.48 161.30 Td (subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 140.30 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 140.30 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 140.30 Td (, the Company had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.63 140.30 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.52 140.30 Td ( of cumulative unrecognized tax benefits. If the benefits were to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.30 Td (recognized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.36 128.30 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.25 128.30 Td ( would af) Tj ET Q q 0 0 0 rg BT 184.84 128.30 Td (fect the ef) Tj ET Q q 0 0 0 rg BT 224.63 128.30 Td (fective tax rate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.47 128.30 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.37 128.30 Td ( would reverse the valuation allowance against the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.30 Td (deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 128.17 116.30 Td (The Company does not expect a significant change to its unrecognized tax benefits over the next twelve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.30 Td (months. ) Tj ET Q q 0 0 0 rg BT 83.77 104.30 Td (The unrecognized tax benefits may increase or change during the year for items that arise in the ordinary course of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.30 Td (business.) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.17 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.67 740.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 139.15 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.98 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.69 740.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 207.19 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.13 740.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 253.84 740.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 286.88 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.71 740.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 354.07 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.78 740.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 402.94 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.11 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.94 740.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 684.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 684.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 684.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 684.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 654.60 346.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 654.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 654.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 654.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 654.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 654.60 53.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 714.6 m 449 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 714.6 m 453 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 714.6 m 506 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 714.6 m 510 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 699.6 m 449 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 699.6 m 506 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 699.6 m 563 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 629.6 m 449 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 629.6 m 506 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 629.6 m 563 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 615.6 m 449 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 613.6 m 449 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 615.6 m 506 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 613.6 m 506 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 615.6 m 563 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 613.6 m 563 613.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 719.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 718.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 704.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 703.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 703.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 703.83 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 689.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 688.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 675.17 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 674.27 Td (1,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 674.27 Td (1,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 674.27 Td (1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 660.17 Td (Additions based on tax positions related to the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 659.27 Td (594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 659.27 Td (402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 659.27 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 645.17 Td (\(Deductions\) additions based on tax positions related to prior years including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 635.17 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 634.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 634.27 Td (142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 634.32 Td (\(723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 634.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 620.17 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 619.27 Td (2,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 619.27 Td (1,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 619.27 Td (1,262) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 594.10 Td (The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. ) Tj ET Q q 0 0 0 rg BT 477.12 594.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 536.83 594.10 Td (s tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (years for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.26 582.10 Td (2001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.26 582.10 Td ( and forward are subject to examination by the U.S. tax authorities and for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.61 582.10 Td (2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.61 582.10 Td ( and forward are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (examination by the California tax authorities due to the carryforward of unutilized net operating losses and research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (development credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.82 537.10 Td (The Company believes that it has provided adequate reserves for its income tax uncertainties in all open tax years, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 525.10 Td (that it does not have any tax positions that it is reasonably possible would materially increase or decrease the gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.10 Td (unrecognized tax benefits within the next twelve months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 492.10 Td (The Company has a policy to classify accrued interest and penalties associated with uncertain tax positions together with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (the related liability) Tj ET Q q 0 0 0 rg BT 124.38 480.10 Td (, and the expenses incurred related to such accruals are included in the provision for income taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.57 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.89 480.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (Company did not incur any interest expense or penalties associated with unrecognized tax benefits during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.37 468.10 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (December 31, 2014, 2013 and 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.52 456.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 429.80 Td (Enactment ) Tj ET Q q 0 0 0 rg BT 109.00 429.80 Td (of ) Tj ET Q q 0 0 0 rg BT 119.83 429.80 Td (the ) Tj ET Q q 0 0 0 rg BT 134.74 429.80 Td (American ) Tj ET Q q 0 0 0 rg BT 177.80 429.80 Td (T) Tj ET Q q 0 0 0 rg BT 182.99 429.80 Td (ax ) Tj ET Q q 0 0 0 rg BT 195.49 429.80 Td (Relief ) Tj ET Q q 0 0 0 rg BT 222.05 429.80 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 408.80 Td (On December 19, 2014, the President signed into law ) Tj ET Q q 0 0 0 rg BT 289.66 408.80 Td (The ) Tj ET Q q 0 0 0 rg BT 307.53 408.80 Td (T) Tj ET Q q 0 0 0 rg BT 312.94 408.80 Td (ax Increase Prevention ) Tj ET Q q 0 0 0 rg BT 405.96 408.80 Td (Act of 2014. Under prior law) Tj ET Q q 0 0 0 rg BT 524.44 408.80 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.80 Td (taxpayer was entitled to a research tax credit for qualifying amounts paid or incurred on or before December31, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.50 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 370.50 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 370.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 370.50 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 158.38 370.50 Td (and ) Tj ET Q q 0 0 0 rg BT 177.00 370.50 Td (Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 370.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 344.20 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 327.20 Td (As ) Tj ET Q q 0 0 0 rg BT 87.61 327.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.94 327.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.02 327.20 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 327.20 Td (, ) Tj ET Q q 0 0 0 rg BT 183.52 327.20 Td (the ) Tj ET Q q 0 0 0 rg BT 198.73 327.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.61 327.20 Td (leased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 327.20 Td (seven) Tj ET Q BT /F1 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Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 101.25 740.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 142.78 740.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 165.41 740.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 206.37 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 231.78 740.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 294.94 740.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.34 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.42 740.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 381.71 740.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 408.23 740.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.09 740.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 476.81 740.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.81 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.46 740.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 539.31 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 740.10 Td 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Tf ET q 0 0 0 rg BT 471.15 693.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 679.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 679.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 679.27 Td (437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 679.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 679.27 Td (3,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 664.27 Td (316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 664.27 Td (3,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 649.27 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 649.27 Td (3,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 634.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 634.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 634.27 Td (3,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 619.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 619.27 Td (3,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 604.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 604.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 604.27 Td (19,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 589.27 Td (Total minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 589.27 Td (885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 589.27 Td (38,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.27 Td (Less amount representing interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 574.32 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 574.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 559.27 Td (Present value of minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 559.27 Td (865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.27 Td (Less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 544.32 Td (\(422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 544.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.27 Td (Long-term portion of lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 529.27 Td (443) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 498.80 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 114.89 498.80 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 482.40 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 131.68 482.40 Td (for ) Tj ET Q q 0 0 0 rg BT 145.86 482.40 Td (the ) Tj ET Q q 0 0 0 rg BT 160.59 482.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 198.64 482.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.49 482.40 Td (services ) Tj ET Q q 0 0 0 rg BT 244.21 482.40 Td (and ) Tj ET Q q 0 0 0 rg BT 261.16 482.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 295.33 482.40 Td (of ) Tj ET Q q 0 0 0 rg BT 306.18 482.40 Td (third-party ) Tj ET Q q 0 0 0 rg BT 351.46 482.40 Td (software ) Tj ET Q q 0 0 0 rg BT 388.40 482.40 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.13 482.40 Td ($1) Tj ET Q q 0 0 0 rg BT 427.75 482.40 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 442.77 482.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.66 482.40 Td ( ) Tj ET Q q 0 0 0 rg BT 474.17 482.40 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.91 482.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.50 482.40 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 482.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.40 Td (and ) Tj ET Q q 0 0 0 rg BT 65.87 470.40 Td (are ) Tj ET Q q 0 0 0 rg BT 80.02 470.40 Td (to ) Tj ET Q q 0 0 0 rg BT 89.73 470.40 Td (be ) Tj ET Q q 0 0 0 rg BT 101.10 470.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 120.25 470.40 Td (as ) Tj ET Q q 0 0 0 rg BT 130.52 470.40 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 470.40 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 184.67 470.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.56 470.40 Td ( ) Tj ET Q q 0 0 0 rg BT 215.49 470.40 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.21 470.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.21 470.40 Td ( ) Tj ET Q q 0 0 0 rg BT 247.14 470.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.52 470.40 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 282.95 470.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.84 470.40 Td ( ) Tj ET Q q 0 0 0 rg BT 313.78 470.40 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.49 470.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.49 470.40 Td (. ) Tj ET Q q 0 0 0 rg BT 347.93 470.40 Td (Included ) Tj ET Q q 0 0 0 rg BT 384.85 470.40 Td (in ) Tj ET Q q 0 0 0 rg BT 394.56 470.40 Td (these ) Tj ET Q q 0 0 0 rg BT 417.04 470.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 452.86 470.40 Td (are ) Tj ET Q q 0 0 0 rg BT 467.01 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.16 470.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 521.42 470.40 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.40 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 458.40 Td (the ) Tj ET Q q 0 0 0 rg BT 84.50 458.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 106.98 458.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 151.12 458.40 Td (to ) Tj ET Q q 0 0 0 rg BT 161.40 458.40 Td (finance ) Tj ET Q q 0 0 0 rg BT 193.32 458.40 Td (the ) Tj ET Q q 0 0 0 rg BT 208.04 458.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 246.08 458.40 Td (of ) Tj ET Q q 0 0 0 rg BT 256.91 458.40 Td (computer ) Tj ET Q q 0 0 0 rg BT 297.17 458.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 341.88 458.40 Td (that ) Tj ET Q q 0 0 0 rg BT 359.38 458.40 Td (the ) Tj ET Q q 0 0 0 rg BT 374.09 458.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 415.48 458.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 447.41 458.40 Td (into ) Tj ET Q q 0 0 0 rg BT 465.46 458.40 Td (in ) Tj ET Q q 0 0 0 rg BT 475.74 458.40 Td (January ) Tj ET Q q 0 0 0 rg BT 509.34 458.40 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 432.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 123.24 432.10 Td (Holdback) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 415.70 Td (As ) Tj ET Q q 0 0 0 rg BT 86.08 415.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.88 415.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.44 415.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.44 415.70 Td (, ) Tj ET Q q 0 0 0 rg BT 180.41 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 195.10 415.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 236.46 415.70 Td (maintained ) Tj ET Q q 0 0 0 rg BT 283.35 415.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 320.82 415.70 Td (future ) Tj ET Q q 0 0 0 rg BT 347.16 415.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 393.52 415.70 Td (holdback ) Tj ET Q q 0 0 0 rg BT 432.64 415.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 473.44 415.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.24 415.70 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 504.21 415.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 415.70 Td (, ) Tj ET Q q 0 0 0 rg BT 538.07 415.70 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.70 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 403.70 Td (be ) Tj ET Q q 0 0 0 rg BT 81.16 403.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 114.75 403.70 Td (during ) Tj ET Q q 0 0 0 rg BT 143.36 403.70 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 377.40 Td (Legal ) Tj ET Q q 0 0 0 rg BT 99.33 377.40 Td (Proceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 361.00 Td (On ) Tj ET Q q 0 0 0 rg BT 86.01 361.00 Td (March ) Tj ET Q q 0 0 0 rg BT 113.39 361.00 Td (25, ) Tj ET Q q 0 0 0 rg BT 127.17 361.00 Td (201) Tj ET Q q 0 0 0 rg BT 141.80 361.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 150.59 361.00 Td (Industry ) Tj ET Q q 0 0 0 rg BT 184.92 361.00 Td (Access ) Tj ET Q q 0 0 0 rg BT 214.52 361.00 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 266.89 361.00 Td (\(Industry ) Tj ET Q q 0 0 0 rg BT 308.99 361.00 Td (Access\) ) Tj ET Q q 0 0 0 rg BT 346.36 361.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 365.97 361.00 Td (a ) Tj ET Q q 0 0 0 rg BT 371.69 361.00 Td (patent ) Tj ET Q q 0 0 0 rg BT 397.41 361.00 Td (infringement ) Tj ET Q q 0 0 0 rg BT 450.35 361.00 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 480.52 361.00 Td (against ) Tj ET Q q 0 0 0 rg BT 510.13 361.00 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 361.00 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 349.00 Td (another ) Tj ET Q q 0 0 0 rg BT 99.43 349.00 Td (defendant ) Tj ET Q q 0 0 0 rg BT 141.61 349.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.14 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.11 349.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 187.64 349.00 Td (District ) Tj ET Q q 0 0 0 rg BT 220.39 349.00 Td (Court ) Tj ET Q q 0 0 0 rg BT 245.92 349.00 Td (for ) Tj ET Q q 0 0 0 rg BT 260.34 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 275.31 349.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 307.49 349.00 Td (District ) Tj ET Q q 0 0 0 rg BT 340.24 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.32 349.00 Td (California, ) Tj ET Q q 0 0 0 rg BT 397.12 349.00 Td (alleging, ) Tj ET Q q 0 0 0 rg BT 434.58 349.00 Td (among ) Tj ET Q q 0 0 0 rg BT 464.55 349.00 Td (other ) Tj ET Q q 0 0 0 rg BT 487.85 349.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 517.55 349.00 Td (that ) Tj ET Q q 0 0 0 rg BT 535.30 349.00 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.00 Td (aspects ) Tj ET Q q 0 0 0 rg BT 80.22 337.00 Td (of ) Tj ET Q q 0 0 0 rg BT 90.39 337.00 Td (our ) Tj ET Q q 0 0 0 rg BT 105.56 337.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 152.95 337.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 172.00 337.00 Td (management ) Tj ET Q q 0 0 0 rg BT 224.93 337.00 Td (software ) Tj ET Q q 0 0 0 rg BT 261.20 337.00 Td (system ) Tj ET Q q 0 0 0 rg BT 290.82 337.00 Td (and ) Tj ET Q q 0 0 0 rg BT 307.10 337.00 Td (related ) Tj ET Q q 0 0 0 rg BT 336.15 337.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 379.64 337.00 Td (infringe ) Tj ET Q q 0 0 0 rg BT 413.14 337.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 432.76 337.00 Td (Patent ) Tj ET Q q 0 0 0 rg BT 459.60 337.00 Td (No. ) Tj ET Q q 0 0 0 rg BT 476.16 337.00 Td (7,769,681. ) Tj ET Q q 0 0 0 rg BT 520.50 337.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.34 337.00 Td (On ) Tj ET Q q 0 0 0 rg BT 536.40 337.00 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.00 Td (19, ) Tj ET Q q 0 0 0 rg BT 63.90 325.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 88.30 325.00 Td (Industry ) Tj ET Q q 0 0 0 rg BT 123.11 325.00 Td (Access ) Tj ET Q q 0 0 0 rg BT 153.33 325.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 173.55 325.00 Td (a ) Tj ET Q q 0 0 0 rg BT 179.89 325.00 Td (second ) Tj ET Q q 0 0 0 rg BT 209.56 325.00 Td (patent ) Tj ET Q q 0 0 0 rg BT 235.89 325.00 Td (infringement ) Tj ET Q q 0 0 0 rg BT 289.44 325.00 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 320.23 325.00 Td (against ) Tj ET Q q 0 0 0 rg BT 350.45 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 364.57 325.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.35 325.00 Td (in ) Tj ET Q q 0 0 0 rg BT 415.03 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.15 325.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 448.83 325.00 Td (District ) Tj ET Q q 0 0 0 rg BT 480.73 325.00 Td (Court ) Tj ET Q q 0 0 0 rg BT 505.40 325.00 Td (for ) Tj ET Q q 0 0 0 rg BT 518.96 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 325.00 Td (Central ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.00 Td (District ) Tj ET Q q 0 0 0 rg BT 83.85 313.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.54 313.00 Td (California, ) Tj ET Q q 0 0 0 rg BT 143.93 313.00 Td (alleging, ) Tj ET Q q 0 0 0 rg BT 183.00 313.00 Td (among ) Tj ET Q q 0 0 0 rg BT 214.57 313.00 Td (other ) Tj ET Q q 0 0 0 rg BT 239.48 313.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 270.78 313.00 Td (that ) Tj ET Q q 0 0 0 rg BT 290.13 313.00 Td (our ) Tj ET Q q 0 0 0 rg BT 307.82 313.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 357.72 313.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 379.29 313.00 Td (management ) Tj ET Q q 0 0 0 rg BT 434.73 313.00 Td (software ) Tj ET Q q 0 0 0 rg BT 473.52 313.00 Td (system, ) Tj ET Q q 0 0 0 rg BT 508.15 313.00 Td (including ) Tj ET Q q 0 0 0 rg BT 550.28 313.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.85 301.00 Td (software, ) Tj ET Q q 0 0 0 rg BT 137.59 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 152.61 301.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 174.29 301.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 194.87 301.00 Td (Network, ) Tj ET Q q 0 0 0 rg BT 235.16 301.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 283.52 301.00 Td (Originator) Tj ET Q q 0 0 0 rg BT 324.77 301.00 Td (, ) Tj ET Q q 0 0 0 rg BT 330.08 301.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 378.43 301.00 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 429.55 301.00 Td (Service, ) Tj ET Q q 0 0 0 rg BT 464.84 301.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 513.20 301.00 Td (CenterW) Tj ET Q q 0 0 0 rg BT 548.89 301.00 Td (ise, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.17 289.00 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 140.38 289.00 Td (Document ) Tj ET Q q 0 0 0 rg BT 184.15 289.00 Td (Management, ) Tj ET Q q 0 0 0 rg BT 240.98 289.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 288.64 289.00 Td (Docs ) Tj ET Q q 0 0 0 rg BT 311.32 289.00 Td (Solution ) Tj ET Q q 0 0 0 rg BT 347.33 289.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.89 289.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 411.56 289.00 Td (Product ) Tj ET Q q 0 0 0 rg BT 444.79 289.00 Td (and ) Tj ET Q q 0 0 0 rg BT 461.35 289.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 492.35 289.00 Td (Service, ) Tj ET Q q 0 0 0 rg BT 526.96 289.00 Td (infringes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.34 277.00 Td (Patent ) Tj ET Q q 0 0 0 rg BT 96.38 277.00 Td (Nos. ) Tj ET Q q 0 0 0 rg BT 117.05 277.00 Td (8,1) Tj ET Q q 0 0 0 rg BT 129.18 277.00 Td (17,120 ) Tj ET Q q 0 0 0 rg BT 158.73 277.00 Td (and ) Tj ET Q q 0 0 0 rg BT 175.23 277.00 Td (8,145,563, ) Tj ET Q q 0 0 0 rg BT 219.78 277.00 Td (which ) Tj ET Q q 0 0 0 rg BT 246.27 277.00 Td (are ) Tj ET Q q 0 0 0 rg BT 260.53 277.00 Td (continuations ) Tj ET Q q 0 0 0 rg BT 316.47 277.00 Td (of ) Tj ET Q q 0 0 0 rg BT 326.85 277.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 346.69 277.00 Td (Patent ) Tj ET Q q 0 0 0 rg BT 373.73 277.00 Td (No. ) Tj ET Q q 0 0 0 rg BT 390.51 277.00 Td (7,769,681. ) Tj ET Q q 0 0 0 rg BT 435.06 277.00 Td (In ) Tj ET Q q 0 0 0 rg BT 445.44 277.00 Td (both ) Tj ET Q q 0 0 0 rg BT 465.28 277.00 Td (matters, ) Tj ET Q q 0 0 0 rg BT 499.26 277.00 Td (Industry ) Tj ET Q q 0 0 0 rg BT 534.19 277.00 Td (Access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.00 Td (sought ) Tj ET Q q 0 0 0 rg BT 78.47 265.00 Td (unspecified ) Tj ET Q q 0 0 0 rg BT 126.87 265.00 Td (damages, ) Tj ET Q q 0 0 0 rg BT 166.66 265.00 Td (including ) Tj ET Q q 0 0 0 rg BT 206.74 265.00 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 246.79 265.00 Td (damages ) Tj ET Q q 0 0 0 rg BT 284.08 265.00 Td (for ) Tj ET Q q 0 0 0 rg BT 298.05 265.00 Td (willful ) Tj ET Q q 0 0 0 rg BT 327.02 265.00 Td (infringement ) Tj ET Q q 0 0 0 rg BT 380.97 265.00 Td (and ) Tj ET Q q 0 0 0 rg BT 397.71 265.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 442.77 265.00 Td (attorneys) Tj ET Q q 0 0 0 rg BT 482.01 265.00 Td ( ) Tj ET Q q 0 0 0 rg BT 484.32 265.00 Td (fees. ) Tj ET Q q 0 0 0 rg BT 505.22 265.00 Td (On ) Tj ET Q q 0 0 0 rg BT 519.75 265.00 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.00 Td (12, ) Tj ET Q q 0 0 0 rg BT 65.26 253.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 91.02 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 106.50 253.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.65 253.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 170.24 253.00 Td (a ) Tj ET Q q 0 0 0 rg BT 177.94 253.00 Td (motion ) Tj ET Q q 0 0 0 rg BT 209.53 253.00 Td (to ) Tj ET Q q 0 0 0 rg BT 220.57 253.00 Td (relate ) Tj ET Q q 0 0 0 rg BT 246.04 253.00 Td (and ) Tj ET Q q 0 0 0 rg BT 263.74 253.00 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 312.54 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.02 253.00 Td (two ) Tj ET Q q 0 0 0 rg BT 346.28 253.00 Td (Industry ) Tj ET Q q 0 0 0 rg BT 382.15 253.00 Td (Access ) Tj ET Q q 0 0 0 rg BT 413.74 253.00 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 452.28 253.00 Td (which ) Tj ET Q q 0 0 0 rg BT 479.98 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 495.46 253.00 Td (court ) Tj ET Q q 0 0 0 rg BT 519.26 253.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 552.51 253.00 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.00 Td (October ) Tj ET Q q 0 0 0 rg BT 84.22 241.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 99.23 241.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 124.06 241.00 Td (The ) Tj ET Q q 0 0 0 rg BT 142.12 241.00 Td (Court ) Tj ET Q q 0 0 0 rg BT 167.41 241.00 Td (held ) Tj ET Q q 0 0 0 rg BT 187.13 241.00 Td (a ) Tj ET Q q 0 0 0 rg BT 194.08 241.00 Td (claim ) Tj ET Q q 0 0 0 rg BT 218.81 241.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 270.75 241.00 Td (hearing ) Tj ET Q q 0 0 0 rg BT 303.25 241.00 Td (on ) Tj ET Q q 0 0 0 rg BT 315.76 241.00 Td (June ) Tj ET Q q 0 0 0 rg BT 336.60 241.00 Td (2, ) Tj ET Q q 0 0 0 rg BT 346.61 241.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 371.62 241.00 Td (and ) Tj ET Q q 0 0 0 rg BT 388.57 241.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 416.08 241.00 Td (a ) Tj ET Q q 0 0 0 rg BT 423.03 241.00 Td (claim ) Tj ET Q q 0 0 0 rg BT 447.76 241.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 499.70 241.00 Td (order ) Tj ET Q q 0 0 0 rg BT 523.31 241.00 Td (on ) Tj ET Q q 0 0 0 rg BT 535.82 241.00 Td (July ) Tj ET Q q 0 0 0 rg BT 555.00 241.00 Td (9, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 74.68 229.00 Td (On ) Tj ET Q q 0 0 0 rg BT 89.58 229.00 Td (September ) Tj ET Q q 0 0 0 rg BT 135.03 229.00 Td (29, ) Tj ET Q q 0 0 0 rg BT 150.21 229.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 175.39 229.00 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 229.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.85 229.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 260.64 229.00 Td (all ) Tj ET Q q 0 0 0 rg BT 273.31 229.00 Td (related ) Tj ET Q q 0 0 0 rg BT 303.20 229.00 Td (matters ) Tj ET Q q 0 0 0 rg BT 335.31 229.00 Td (with ) Tj ET Q q 0 0 0 rg BT 355.77 229.00 Td (Industry ) Tj ET Q q 0 0 0 rg BT 391.19 229.00 Td (Access, ) Tj ET Q q 0 0 0 rg BT 424.69 229.00 Td (which ) Tj ET Q q 0 0 0 rg BT 451.81 229.00 Td (settlement ) Tj ET Q q 0 0 0 rg BT 495.59 229.00 Td (is ) Tj ET Q q 0 0 0 rg BT 504.94 229.00 Td (reflected ) Tj ET Q q 0 0 0 rg BT 542.59 229.00 Td (in ) Tj ET Q q 0 0 0 rg BT 553.05 229.00 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 217.00 Td (results ) Tj ET Q q 0 0 0 rg BT 115.59 217.00 Td (for ) Tj ET Q q 0 0 0 rg BT 129.75 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 144.47 217.00 Td (year ) Tj ET Q q 0 0 0 rg BT 164.17 217.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 190.55 217.00 Td (December ) Tj ET Q q 0 0 0 rg BT 234.13 217.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 249.13 217.00 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 200.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.28 200.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.39 200.60 Td (is ) Tj ET Q q 0 0 0 rg BT 140.29 200.60 Td (also ) Tj ET Q q 0 0 0 rg BT 158.63 200.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 189.18 200.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.19 200.60 Td (various ) Tj ET Q q 0 0 0 rg BT 230.86 200.60 Td (other ) Tj ET Q q 0 0 0 rg BT 253.63 200.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 275.30 200.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 325.84 200.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.51 200.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 370.84 200.60 Td (whose ) Tj ET Q q 0 0 0 rg BT 398.62 200.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 435.28 200.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.73 200.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 490.84 200.60 Td (does ) Tj ET Q q 0 0 0 rg BT 511.40 200.60 Td (not ) Tj ET Q q 0 0 0 rg BT 526.41 200.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 554.73 200.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.60 Td (have ) Tj ET Q q 0 0 0 rg BT 71.38 188.60 Td (a ) Tj ET Q q 0 0 0 rg BT 78.82 188.60 Td (material ) Tj ET Q q 0 0 0 rg BT 114.58 188.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 148.12 188.60 Td (ef) Tj ET Q q 0 0 0 rg BT 155.71 188.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 173.69 188.60 Td (on ) Tj ET Q q 0 0 0 rg BT 186.70 188.60 Td (its ) Tj ET Q q 0 0 0 rg BT 199.15 188.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.13 188.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 274.86 188.60 Td (However) Tj ET Q q 0 0 0 rg BT 311.11 188.60 Td (, ) Tj ET Q q 0 0 0 rg BT 316.61 188.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 355.72 188.60 Td (is ) Tj ET Q q 0 0 0 rg BT 365.39 188.60 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 422.81 188.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.25 188.60 Td (excessive ) Tj ET Q q 0 0 0 rg BT 481.57 188.60 Td (verdicts, ) Tj ET Q q 0 0 0 rg BT 518.73 188.60 Td (both ) Tj ET Q q 0 0 0 rg BT 539.51 188.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 188.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.60 Td (form ) Tj ET Q q 0 0 0 rg BT 71.40 176.60 Td (of ) Tj ET Q q 0 0 0 rg BT 82.19 176.60 Td (monetary ) Tj ET Q q 0 0 0 rg BT 122.41 176.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 159.86 176.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.76 176.60 Td (injunctions, ) Tj ET Q q 0 0 0 rg BT 226.16 176.60 Td (could ) Tj ET Q q 0 0 0 rg BT 250.84 176.60 Td (occur) Tj ET Q q 0 0 0 rg BT 272.49 176.60 Td (. ) Tj ET Q q 0 0 0 rg BT 277.45 176.60 Td (In ) Tj ET Q q 0 0 0 rg BT 288.24 176.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.92 176.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 331.75 176.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 370.32 176.60 Td (could ) Tj ET Q q 0 0 0 rg BT 395.00 176.60 Td (result ) Tj ET Q q 0 0 0 rg BT 419.68 176.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.92 176.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 475.15 176.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 497.61 176.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.51 176.60 Td (diversion ) Tj ET Q q 0 0 0 rg BT 554.18 176.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 89.54 164.60 Td (and ) Tj ET Q q 0 0 0 rg BT 106.26 164.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.75 164.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.92 164.60 Td (could ) Tj ET Q q 0 0 0 rg BT 186.41 164.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 209.24 164.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 253.18 164.60 Td (or ) Tj ET Q q 0 0 0 rg BT 263.79 164.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 286.06 164.60 Td (into ) Tj ET Q q 0 0 0 rg BT 303.89 164.60 Td (settlements ) Tj ET Q q 0 0 0 rg BT 351.16 164.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.77 164.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 390.16 164.60 Td (that ) Tj ET Q q 0 0 0 rg BT 407.43 164.60 Td (could ) Tj ET Q q 0 0 0 rg BT 431.93 164.60 Td (have ) Tj ET Q q 0 0 0 rg BT 453.08 164.60 Td (a ) Tj ET Q q 0 0 0 rg BT 459.80 164.60 Td (material ) Tj ET Q q 0 0 0 rg BT 494.84 164.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 527.66 164.60 Td (ef) Tj ET Q q 0 0 0 rg BT 535.24 164.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.51 164.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.60 Td (its ) Tj ET Q q 0 0 0 rg BT 61.45 152.60 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.30 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 126.30 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 126.30 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 126.30 Td (Stockholders' ) Tj ET Q q 0 0 0 rg BT 156.18 126.30 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.08 126.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 109.30 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.52 109.30 Td (July3, ) Tj ET Q q 0 0 0 rg BT 117.99 109.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.99 109.30 Td (, ) Tj ET Q q 0 0 0 rg BT 143.29 109.30 Td (the ) Tj ET Q q 0 0 0 rg BT 158.31 109.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.00 109.30 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.47 109.30 Td (3,465,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.47 109.30 Td ( ) Tj ET Q q 0 0 0 rg BT 262.27 109.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 290.06 109.30 Td (of ) Tj ET Q q 0 0 0 rg BT 301.19 109.30 Td (its ) Tj ET Q q 0 0 0 rg BT 313.44 109.30 Td (common ) Tj ET Q q 0 0 0 rg BT 351.23 109.30 Td (stock, ) Tj ET Q q 0 0 0 rg BT 377.64 109.30 Td (and ) Tj ET Q q 0 0 0 rg BT 394.88 109.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 424.88 109.30 Td (directors ) Tj ET Q q 0 0 0 rg BT 462.67 109.30 Td (and ) Tj ET Q q 0 0 0 rg BT 479.91 109.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 521.02 109.30 Td (of) Tj ET Q q 0 0 0 rg BT 529.17 109.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 554.17 109.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.11 97.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.39 97.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 123.33 97.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.76 97.30 Td (Selling ) Tj ET Q q 0 0 0 rg BT 158.49 97.30 Td (Stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.71 97.30 Td (\) ) Tj ET Q q 0 0 0 rg BT 220.87 97.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 239.93 97.30 Td (an ) Tj ET Q q 0 0 0 rg BT 251.76 97.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 293.01 97.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.73 97.30 Td (101,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.23 97.30 Td ( ) Tj ET Q q 0 0 0 rg BT 338.63 97.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.01 97.30 Td (in ) Tj ET Q q 0 0 0 rg BT 376.18 97.30 Td (an ) Tj ET Q q 0 0 0 rg BT 388.01 97.30 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 441.49 97.30 Td (public ) Tj ET Q q 0 0 0 rg BT 468.88 97.30 Td (of) Tj ET Q q 0 0 0 rg BT 477.03 97.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 503.30 97.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 540.13 97.30 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 97.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.30 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 85.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.55 85.30 Td (ef) Tj ET Q q 0 0 0 rg BT 105.14 85.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 134.83 85.30 Td (Registration ) Tj ET Q q 0 0 0 rg BT 186.21 85.30 Td (Statement ) Tj ET Q q 0 0 0 rg BT 228.69 85.30 Td (on ) Tj ET Q q 0 0 0 rg BT 241.18 85.30 Td (Form ) Tj ET Q q 0 0 0 rg BT 265.34 85.30 Td (S-3 ) Tj ET Q q 0 0 0 rg BT 281.73 85.30 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 336.43 85.30 Td (No. ) Tj ET Q q 0 0 0 rg BT 353.65 85.30 Td (333-181980\) ) Tj ET Q q 0 0 0 rg BT 407.80 85.30 Td (at ) Tj ET Q q 0 0 0 rg BT 417.51 85.30 Td (a ) Tj ET Q q 0 0 0 rg BT 424.44 85.30 Td (public ) Tj ET Q q 0 0 0 rg BT 451.93 85.30 Td (of) Tj ET Q q 0 0 0 rg BT 460.08 85.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 486.45 85.30 Td (price ) Tj ET Q q 0 0 0 rg BT 508.93 85.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.75 85.30 Td ($17.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.25 85.30 Td ( ) Tj ET Q q 0 0 0 rg BT 549.74 85.30 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.30 Td (share. ) Tj ET Q q 0 0 0 rg BT 74.90 73.30 Td (The ) Tj ET Q q 0 0 0 rg BT 92.38 73.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.21 73.30 Td (received ) Tj ET Q q 0 0 0 rg BT 169.01 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 183.16 73.30 Td (net ) Tj ET Q q 0 0 0 rg BT 197.32 73.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 234.79 73.30 Td (from ) Tj ET Q q 0 0 0 rg BT 256.17 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.33 73.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 287.81 73.30 Td (of ) Tj ET Q q 0 0 0 rg BT 298.08 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 312.24 73.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 339.16 73.30 Td (of) Tj ET Q q 0 0 0 rg BT 347.31 73.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 369.79 73.30 Td (by ) Tj ET Q q 0 0 0 rg BT 381.73 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 395.88 73.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.71 73.30 Td (of ) Tj ET Q q 0 0 0 rg BT 446.98 73.30 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.67 73.30 Td ($55.5 ) Tj ET Q q 0 0 0 rg BT 531.11 73.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 73.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.30 Td (after ) Tj ET Q q 0 0 0 rg BT 69.89 61.30 Td (deducting ) Tj ET Q q 0 0 0 rg BT 111.40 61.30 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 165.13 61.30 Td (discounts ) Tj ET Q q 0 0 0 rg BT 204.98 61.30 Td (and ) Tj ET Q q 0 0 0 rg BT 221.50 61.30 Td (commissions ) Tj ET Q q 0 0 0 rg BT 275.80 61.30 Td (and ) Tj ET Q q 0 0 0 rg BT 292.31 61.30 Td (of) Tj ET Q q 0 0 0 rg BT 300.46 61.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 326.41 61.30 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 366.94 61.30 Td (The ) Tj ET Q q 0 0 0 rg BT 384.56 61.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.52 61.30 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.46 61.30 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.46 61.30 Td ( ) Tj ET Q q 0 0 0 rg BT 473.53 61.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 511.15 61.30 Td (from ) Tj ET Q q 0 0 0 rg BT 532.66 61.30 Td (the ) Tj ET Q q 0 0 0 rg BT 546.95 61.30 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.30 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 49.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 87.82 49.30 Td (of) Tj ET Q q 0 0 0 rg BT 95.97 49.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 119.01 49.30 Td (by ) Tj ET Q q 0 0 0 rg BT 131.51 49.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.22 49.30 Td (Selling ) Tj ET Q q 0 0 0 rg BT 177.06 49.30 Td (Stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.28 49.30 Td (.) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.26 740.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 130.57 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.22 740.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 182.53 740.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 225.71 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.25 740.10 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 294.34 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.89 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.32 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 363.42 740.10 Td (authorizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.73 740.10 Td (140,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.73 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.94 740.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 489.15 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.69 740.10 Td (common ) Tj ET Q q 0 0 0 rg BT 538.90 740.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td ($0.0001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 728.10 Td (par ) Tj ET Q q 0 0 0 rg BT 99.77 728.10 Td (value ) Tj ET Q q 0 0 0 rg BT 123.92 728.10 Td (per ) Tj ET Q q 0 0 0 rg BT 139.19 728.10 Td (share ) Tj ET Q q 0 0 0 rg BT 162.79 728.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.73 728.10 Td (10,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.73 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.23 728.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.72 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.55 728.10 Td (undesignated ) Tj ET Q q 0 0 0 rg BT 320.81 728.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 359.95 728.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.06 728.10 Td ($0.0001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.56 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.06 728.10 Td (par ) Tj ET Q q 0 0 0 rg BT 436.33 728.10 Td (value ) Tj ET Q q 0 0 0 rg BT 460.48 728.10 Td (per ) Tj ET Q q 0 0 0 rg BT 475.75 728.10 Td (share.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 701.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 101.79 701.80 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 684.80 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 684.80 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 684.80 Td (number ) Tj ET Q q 0 0 0 rg BT 165.98 684.80 Td (of ) Tj ET Q q 0 0 0 rg BT 176.81 684.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.30 684.80 Td (of ) Tj ET Q q 0 0 0 rg BT 215.13 684.80 Td (common ) Tj ET Q q 0 0 0 rg BT 252.63 684.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.23 684.80 Td (were ) Tj ET Q q 0 0 0 rg BT 298.16 684.80 Td (reserved ) Tj ET Q q 0 0 0 rg BT 334.53 684.80 Td (and ) Tj ET Q q 0 0 0 rg BT 351.47 684.80 Td (available ) Tj ET Q q 0 0 0 rg BT 390.06 684.80 Td (for ) Tj ET Q q 0 0 0 rg BT 404.22 684.80 Td (future ) Tj ET Q q 0 0 0 rg BT 430.59 684.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 466.97 684.80 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.69 684.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 535.27 684.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.27 684.80 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 653.30 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 653.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 653.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 653.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 623.30 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 623.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 623.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 623.30 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 653.3 m 563 653.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 608.3 m 563 608.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 594.3 m 563 594.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 592.3 m 563 592.3 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.20 665.53 Td (Reserved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 657.53 Td (Shar) Tj ET Q q 0 0 0 rg BT 534.80 657.53 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.87 Td (Options and awards outstanding under stock incentive plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 642.97 Td (4,121,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.87 Td (Shares available for future grant under the stock incentive plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 627.97 Td (2,220,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.87 Td (Shares available under the Employee Stock Purchase Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 612.97 Td (1,026,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.87 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 597.97 Td (7,367,924) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 567.50 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 567.50 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.34 567.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.34 567.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 126.73 567.50 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 168.67 567.50 Td (Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.01 567.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 550.50 Td (The ) Tj ET Q q 0 0 0 rg BT 90.95 550.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.73 550.50 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 176.38 550.50 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 225.49 550.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 282.93 550.50 Td (related ) Tj ET Q q 0 0 0 rg BT 312.03 550.50 Td (to ) Tj ET Q q 0 0 0 rg BT 321.71 550.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 351.92 550.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 383.81 550.50 Td (under ) Tj ET Q q 0 0 0 rg BT 408.48 550.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.59 550.50 Td (2009 ) Tj ET Q q 0 0 0 rg BT 444.49 550.50 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.27 550.50 Td (, ) Tj ET Q q 0 0 0 rg BT 466.67 550.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.78 550.50 Td (201) Tj ET Q q 0 0 0 rg BT 495.41 550.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 502.31 550.50 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.09 550.50 Td ( ) Tj ET Q q 0 0 0 rg BT 521.99 550.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.32 550.50 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 550.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 524.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 84.00 524.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 109.28 524.20 Td (Option ) Tj ET Q q 0 0 0 rg BT 140.12 524.20 Td (and ) Tj ET Q q 0 0 0 rg BT 158.18 524.20 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 199.00 524.20 Td (Plan ) Tj ET Q q 0 0 0 rg BT 220.95 524.20 Td (and ) Tj ET Q q 0 0 0 rg BT 239.01 524.20 Td (201) Tj ET Q q 0 0 0 rg BT 253.46 524.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 260.96 524.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 290.69 524.20 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 331.14 524.20 Td (A) Tj ET Q q 0 0 0 rg BT 337.07 524.20 Td (ward ) Tj ET Q q 0 0 0 rg BT 360.13 524.20 Td (Plan) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 497.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 97.66 497.90 Td (Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 480.90 Td (In ) Tj ET Q q 0 0 0 rg BT 83.44 480.90 Td (March ) Tj ET Q q 0 0 0 rg BT 111.14 480.90 Td (2009, ) Tj ET Q q 0 0 0 rg BT 135.25 480.90 Td (the ) Tj ET Q q 0 0 0 rg BT 149.07 480.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.56 480.90 Td (adopted ) Tj ET Q q 0 0 0 rg BT 222.82 480.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.64 480.90 Td (2009 ) Tj ET Q q 0 0 0 rg BT 258.25 480.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 480.90 Td (. ) Tj ET Q q 0 0 0 rg BT 280.13 480.90 Td (On ) Tj ET Q q 0 0 0 rg BT 293.96 480.90 Td (March7, ) Tj ET Q q 0 0 0 rg BT 331.66 480.90 Td (201) Tj ET Q q 0 0 0 rg BT 346.29 480.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 355.40 480.90 Td (the ) Tj ET Q q 0 0 0 rg BT 369.22 480.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 409.71 480.90 Td (adopted ) Tj ET Q q 0 0 0 rg BT 442.97 480.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.79 480.90 Td (201) Tj ET Q q 0 0 0 rg BT 471.42 480.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 478.03 480.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.81 480.90 Td (. ) Tj ET Q q 0 0 0 rg BT 499.80 480.90 Td (The ) Tj ET Q q 0 0 0 rg BT 516.95 480.90 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 480.90 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.90 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 102.55 468.90 Td (approved ) Tj ET Q q 0 0 0 rg BT 142.25 468.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.97 468.90 Td (201) Tj ET Q q 0 0 0 rg BT 171.60 468.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 179.10 468.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.88 468.90 Td ( ) Tj ET Q q 0 0 0 rg BT 199.38 468.90 Td (on ) Tj ET Q q 0 0 0 rg BT 211.88 468.90 Td (March24, ) Tj ET Q q 0 0 0 rg BT 255.48 468.90 Td (201) Tj ET Q q 0 0 0 rg BT 270.11 468.90 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 451.90 Td (Under ) Tj ET Q q 0 0 0 rg BT 101.23 451.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.19 451.90 Td (201) Tj ET Q q 0 0 0 rg BT 130.81 451.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 138.55 451.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.33 451.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.57 451.90 Td (2,666,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.57 451.90 Td ( ) Tj ET Q q 0 0 0 rg BT 204.31 451.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.04 451.90 Td (of ) Tj ET Q q 0 0 0 rg BT 243.11 451.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.07 451.90 Td (Company) Tj ET Q q 0 0 0 rg BT 299.73 451.90 Td (s ) Tj ET Q q 0 0 0 rg BT 306.36 451.90 Td (common ) Tj ET Q q 0 0 0 rg BT 344.10 451.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 367.94 451.90 Td (were ) Tj ET Q q 0 0 0 rg BT 390.11 451.90 Td (initially ) Tj ET Q q 0 0 0 rg BT 423.96 451.90 Td (reserved. ) Tj ET Q q 0 0 0 rg BT 463.07 451.90 Td ( ) Tj ET Q q 0 0 0 rg BT 465.20 451.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 515.10 451.90 Td (, ) Tj ET Q q 0 0 0 rg BT 520.34 451.90 Td (any ) Tj ET Q q 0 0 0 rg BT 537.52 451.90 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 439.90 Td (common ) Tj ET Q q 0 0 0 rg BT 98.21 439.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 122.00 439.90 Td (that ) Tj ET Q q 0 0 0 rg BT 139.69 439.90 Td (were ) Tj ET Q q 0 0 0 rg BT 161.81 439.90 Td (available ) Tj ET Q q 0 0 0 rg BT 200.59 439.90 Td (for ) Tj ET Q q 0 0 0 rg BT 214.94 439.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 251.51 439.90 Td (under ) Tj ET Q q 0 0 0 rg BT 276.97 439.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 299.09 439.90 Td (plans, ) Tj ET Q q 0 0 0 rg BT 325.39 439.90 Td (including ) Tj ET Q q 0 0 0 rg BT 365.86 439.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.76 439.90 Td (2009 ) Tj ET Q q 0 0 0 rg BT 403.46 439.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.23 439.90 Td (, ) Tj ET Q q 0 0 0 rg BT 426.42 439.90 Td (were ) Tj ET Q q 0 0 0 rg BT 448.54 439.90 Td (transferred ) Tj ET Q q 0 0 0 rg BT 494.54 439.90 Td (to ) Tj ET Q q 0 0 0 rg BT 505.01 439.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.92 439.90 Td (201) Tj ET Q q 0 0 0 rg BT 534.54 439.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 542.23 439.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 439.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.90 Td (As ) Tj ET Q q 0 0 0 rg BT 62.76 427.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.24 427.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 131.47 427.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.47 427.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.12 427.90 Td (984,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.62 427.90 Td ( ) Tj ET Q q 0 0 0 rg BT 190.77 427.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 217.91 427.90 Td (of ) Tj ET Q q 0 0 0 rg BT 228.39 427.90 Td (the ) Tj ET Q q 0 0 0 rg BT 242.75 427.90 Td (Company) Tj ET Q q 0 0 0 rg BT 284.42 427.90 Td (s ) Tj ET Q q 0 0 0 rg BT 290.46 427.90 Td (common ) Tj ET Q q 0 0 0 rg BT 327.60 427.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 350.86 427.90 Td (previously ) Tj ET Q q 0 0 0 rg BT 395.22 427.90 Td (available ) Tj ET Q q 0 0 0 rg BT 433.46 427.90 Td (for ) Tj ET Q q 0 0 0 rg BT 447.27 427.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 483.29 427.90 Td (under ) Tj ET Q q 0 0 0 rg BT 508.21 427.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.58 427.90 Td (2009 ) Tj ET Q q 0 0 0 rg BT 544.72 427.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 427.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.90 Td (were ) Tj ET Q q 0 0 0 rg BT 70.84 415.90 Td (available ) Tj ET Q q 0 0 0 rg BT 108.84 415.90 Td (for ) Tj ET Q q 0 0 0 rg BT 122.41 415.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 158.20 415.90 Td (under ) Tj ET Q q 0 0 0 rg BT 182.88 415.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.01 415.90 Td (201) Tj ET Q q 0 0 0 rg BT 211.64 415.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 218.55 415.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.33 415.90 Td (. ) Tj ET Q q 0 0 0 rg BT 240.60 415.90 Td (The ) Tj ET Q q 0 0 0 rg BT 258.06 415.90 Td (number ) Tj ET Q q 0 0 0 rg BT 290.52 415.90 Td (of ) Tj ET Q q 0 0 0 rg BT 300.76 415.90 Td (common ) Tj ET Q q 0 0 0 rg BT 337.67 415.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 364.57 415.90 Td (reserved ) Tj ET Q q 0 0 0 rg BT 400.35 415.90 Td (for ) Tj ET Q q 0 0 0 rg BT 413.92 415.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 449.71 415.90 Td (under ) Tj ET Q q 0 0 0 rg BT 474.39 415.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.52 415.90 Td (201) Tj ET Q q 0 0 0 rg BT 503.15 415.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 510.06 415.90 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.84 415.90 Td ( ) Tj ET Q q 0 0 0 rg BT 529.75 415.90 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.90 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.78 403.90 Td (in ) Tj ET Q q 0 0 0 rg BT 117.42 403.90 Td (January ) Tj ET Q q 0 0 0 rg BT 151.37 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 162.56 403.90 Td (each ) Tj ET Q q 0 0 0 rg BT 183.74 403.90 Td (year ) Tj ET Q q 0 0 0 rg BT 203.80 403.90 Td (by ) Tj ET Q q 0 0 0 rg BT 216.66 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 231.73 403.90 Td (least ) Tj ET Q q 0 0 0 rg BT 252.92 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 264.10 403.90 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.70 403.90 Td (1,666,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.70 403.90 Td ( ) Tj ET Q q 0 0 0 rg BT 320.56 403.90 Td (shares, ) Tj ET Q q 0 0 0 rg BT 350.91 403.90 Td (\(b\)five ) Tj ET Q q 0 0 0 rg BT 383.47 403.90 Td (percent ) Tj ET Q q 0 0 0 rg BT 415.76 403.90 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.09 403.90 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.42 403.90 Td (\)of ) Tj ET Q q 0 0 0 rg BT 449.43 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 464.51 403.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 492.36 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 503.54 403.90 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 403.90 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.89 391.90 Td (on ) Tj ET Q q 0 0 0 rg BT 111.62 391.90 Td (the ) Tj ET Q q 0 0 0 rg BT 126.56 391.90 Td (last ) Tj ET Q q 0 0 0 rg BT 143.18 391.90 Td (day ) Tj ET Q q 0 0 0 rg BT 160.34 391.90 Td (of ) Tj ET Q q 0 0 0 rg BT 171.40 391.90 Td (the ) Tj ET Q q 0 0 0 rg BT 186.34 391.90 Td (immediately ) Tj ET Q q 0 0 0 rg BT 239.06 391.90 Td (preceding ) Tj ET Q q 0 0 0 rg BT 281.21 391.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 305.59 391.90 Td (year ) Tj ET Q q 0 0 0 rg BT 325.52 391.90 Td (and ) Tj ET Q q 0 0 0 rg BT 342.69 391.90 Td (\(c\)such ) Tj ET Q q 0 0 0 rg BT 377.34 391.90 Td (smaller ) Tj ET Q q 0 0 0 rg BT 409.50 391.90 Td (number ) Tj ET Q q 0 0 0 rg BT 442.78 391.90 Td (of ) Tj ET Q q 0 0 0 rg BT 453.84 391.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 481.55 391.90 Td (of ) Tj ET Q q 0 0 0 rg BT 492.61 391.90 Td (common ) Tj ET Q q 0 0 0 rg BT 530.33 391.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 554.17 391.90 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.95 379.90 Td (by ) Tj ET Q q 0 0 0 rg BT 109.43 379.90 Td (the ) Tj ET Q q 0 0 0 rg BT 124.12 379.90 Td (Company) Tj ET Q q 0 0 0 rg BT 165.78 379.90 Td (s ) Tj ET Q q 0 0 0 rg BT 172.15 379.90 Td (board ) Tj ET Q q 0 0 0 rg BT 197.39 379.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.19 379.90 Td (directors; ) Tj ET Q q 0 0 0 rg BT 248.43 379.90 Td (provided, ) Tj ET Q q 0 0 0 rg BT 288.95 379.90 Td (however ) Tj ET Q q 0 0 0 rg BT 325.85 379.90 Td (that ) Tj ET Q q 0 0 0 rg BT 343.32 379.90 Td (no ) Tj ET Q q 0 0 0 rg BT 355.79 379.90 Td (more ) Tj ET Q q 0 0 0 rg BT 378.81 379.90 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 379.90 Td (23,333,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 379.90 Td ( ) Tj ET Q q 0 0 0 rg BT 445.97 379.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 473.44 379.90 Td (of ) Tj ET Q q 0 0 0 rg BT 484.24 379.90 Td (common ) Tj ET Q q 0 0 0 rg BT 521.71 379.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 545.29 379.90 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.90 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 367.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 88.94 367.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 111.44 367.90 Td (the ) Tj ET Q q 0 0 0 rg BT 126.16 367.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 161.41 367.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.24 367.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 211.39 367.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.00 367.90 Td (options.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 350.90 Td (In ) Tj ET Q q 0 0 0 rg BT 83.90 350.90 Td (April ) Tj ET Q q 0 0 0 rg BT 107.66 350.90 Td (2009, ) Tj ET Q q 0 0 0 rg BT 132.81 350.90 Td (the ) Tj ET Q q 0 0 0 rg BT 147.68 350.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.23 350.90 Td (replaced ) Tj ET Q q 0 0 0 rg BT 225.74 350.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 267.27 350.90 Td (options ) Tj ET Q q 0 0 0 rg BT 299.37 350.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.68 350.90 Td (1,993,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.68 350.90 Td ( ) Tj ET Q q 0 0 0 rg BT 356.34 350.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 383.98 350.90 Td (with ) Tj ET Q q 0 0 0 rg BT 404.41 350.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 439.82 350.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 466.35 350.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.34 350.90 Td ($5.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.84 350.90 Td ( ) Tj ET Q q 0 0 0 rg BT 502.49 350.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.58 350.90 Td ($5.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.08 350.90 Td ( ) Tj ET Q q 0 0 0 rg BT 544.74 350.90 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.90 Td (options ) Tj ET Q q 0 0 0 rg BT 81.62 338.90 Td (having ) Tj ET Q q 0 0 0 rg BT 111.51 338.90 Td (an ) Tj ET Q q 0 0 0 rg BT 123.62 338.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 159.05 338.90 Td (price ) Tj ET Q q 0 0 0 rg BT 181.70 338.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.71 338.90 Td ($1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.21 338.90 Td ( ) Tj ET Q q 0 0 0 rg BT 217.88 338.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.99 338.90 Td (which ) Tj ET Q q 0 0 0 rg BT 262.10 338.90 Td (included ) Tj ET Q q 0 0 0 rg BT 299.21 338.90 Td (new ) Tj ET Q q 0 0 0 rg BT 318.54 338.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 350.10 338.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 382.21 338.90 Td (in ) Tj ET Q q 0 0 0 rg BT 392.66 338.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 440.29 338.90 Td (with ) Tj ET Q q 0 0 0 rg BT 460.74 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 475.63 338.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 500.52 338.90 Td (of ) Tj ET Q q 0 0 0 rg BT 511.52 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.41 338.90 Td (repricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 68.58 326.90 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.35 326.90 Td (April ) Tj ET Q q 0 0 0 rg BT 99.33 326.90 Td (2009 ) Tj ET Q q 0 0 0 rg BT 121.20 326.90 Td (repricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.29 326.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 169.29 326.90 Td (The ) Tj ET Q q 0 0 0 rg BT 186.71 326.90 Td (replacement ) Tj ET Q q 0 0 0 rg BT 237.43 326.90 Td (options ) Tj ET Q q 0 0 0 rg BT 268.75 326.90 Td (resulted ) Tj ET Q q 0 0 0 rg BT 302.27 326.90 Td (in ) Tj ET Q q 0 0 0 rg BT 311.92 326.90 Td (incremental ) Tj ET Q q 0 0 0 rg BT 360.98 326.90 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 410.06 326.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 467.47 326.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.54 326.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.74 326.90 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 531.11 326.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 326.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.90 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 314.90 Td (was ) Tj ET Q q 0 0 0 rg BT 94.49 314.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 140.85 314.90 Td (ratably ) Tj ET Q q 0 0 0 rg BT 171.12 314.90 Td (as ) Tj ET Q q 0 0 0 rg BT 181.95 314.90 Td (the ) Tj ET Q q 0 0 0 rg BT 196.66 314.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 227.48 314.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 255.53 314.90 Td (between) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.85 314.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.35 314.90 Td (March ) Tj ET Q q 0 0 0 rg BT 319.94 314.90 Td (2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.94 314.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.44 314.90 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.88 314.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.38 314.90 Td (October ) Tj ET Q q 0 0 0 rg BT 394.09 314.90 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.09 314.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 297.90 Td (In ) Tj ET Q q 0 0 0 rg BT 83.52 297.90 Td (August ) Tj ET Q q 0 0 0 rg BT 114.59 297.90 Td (2007, ) Tj ET Q q 0 0 0 rg BT 139.26 297.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.65 297.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.71 297.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 226.86 297.90 Td (an ) Tj ET Q q 0 0 0 rg BT 238.47 297.90 Td (option ) Tj ET Q q 0 0 0 rg BT 266.20 297.90 Td (to ) Tj ET Q q 0 0 0 rg BT 276.15 297.90 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.86 297.90 Td (450,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.36 297.90 Td ( ) Tj ET Q q 0 0 0 rg BT 348.53 297.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 375.69 297.90 Td (of ) Tj ET Q q 0 0 0 rg BT 386.20 297.90 Td (the ) Tj ET Q q 0 0 0 rg BT 400.58 297.90 Td (Company) Tj ET Q q 0 0 0 rg BT 442.25 297.90 Td (s ) Tj ET Q q 0 0 0 rg BT 448.31 297.90 Td (common ) Tj ET Q q 0 0 0 rg BT 485.48 297.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 508.76 297.90 Td (at ) Tj ET Q q 0 0 0 rg BT 518.15 297.90 Td (an ) Tj ET Q q 0 0 0 rg BT 529.76 297.90 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.90 Td (price ) Tj ET Q q 0 0 0 rg BT 71.64 285.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.12 285.90 Td ($5.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.62 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 106.77 285.90 Td (per ) Tj ET Q q 0 0 0 rg BT 121.69 285.90 Td (share ) Tj ET Q q 0 0 0 rg BT 144.94 285.90 Td (to ) Tj ET Q q 0 0 0 rg BT 154.87 285.90 Td (an ) Tj ET Q q 0 0 0 rg BT 166.46 285.90 Td (executive ) Tj ET Q q 0 0 0 rg BT 206.92 285.90 Td (of) Tj ET Q q 0 0 0 rg BT 215.07 285.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 235.53 285.90 Td (of ) Tj ET Q q 0 0 0 rg BT 246.01 285.90 Td (the ) Tj ET Q q 0 0 0 rg BT 260.38 285.90 Td (Company) Tj ET Q q 0 0 0 rg BT 298.62 285.90 Td (. ) Tj ET Q q 0 0 0 rg BT 303.11 285.90 Td (The ) Tj ET Q q 0 0 0 rg BT 320.81 285.90 Td (option ) Tj ET Q q 0 0 0 rg BT 348.52 285.90 Td (was ) Tj ET Q q 0 0 0 rg BT 366.22 285.90 Td (canceled ) Tj ET Q q 0 0 0 rg BT 403.34 285.90 Td (and ) Tj ET Q q 0 0 0 rg BT 419.93 285.90 Td (repriced ) Tj ET Q q 0 0 0 rg BT 454.84 285.90 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.21 285.90 Td ($1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.71 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 488.86 285.90 Td (as ) Tj ET Q q 0 0 0 rg BT 499.34 285.90 Td (part ) Tj ET Q q 0 0 0 rg BT 517.04 285.90 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 285.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.41 285.90 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.90 Td (2009 ) Tj ET Q q 0 0 0 rg BT 72.04 273.90 Td (repricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.13 273.90 Td (. ) Tj ET Q q 0 0 0 rg BT 113.17 273.90 Td (Such ) Tj ET Q q 0 0 0 rg BT 135.70 273.90 Td (option ) Tj ET Q q 0 0 0 rg BT 163.79 273.90 Td (contains ) Tj ET Q q 0 0 0 rg BT 199.65 273.90 Td (a ) Tj ET Q q 0 0 0 rg BT 206.63 273.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.69 273.90 Td (requirement ) Tj ET Q q 0 0 0 rg BT 310.53 273.90 Td (with ) Tj ET Q q 0 0 0 rg BT 330.85 273.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 362.27 273.90 Td (triggered ) Tj ET Q q 0 0 0 rg BT 400.90 273.90 Td (by ) Tj ET Q q 0 0 0 rg BT 413.43 273.90 Td (a ) Tj ET Q q 0 0 0 rg BT 420.41 273.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 456.83 273.90 Td (event ) Tj ET Q q 0 0 0 rg BT 481.03 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 491.89 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 506.64 273.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.07 273.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.07 261.90 Td (number ) Tj ET Q q 0 0 0 rg BT 96.97 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 107.66 261.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 135.56 261.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.91 261.90 Td (is ) Tj ET Q q 0 0 0 rg BT 171.93 261.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 219.27 261.90 Td (based ) Tj ET Q q 0 0 0 rg BT 244.39 261.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 266.74 261.90 Td (a ) Tj ET Q q 0 0 0 rg BT 273.54 261.90 Td (return ) Tj ET Q q 0 0 0 rg BT 299.77 261.90 Td (multiple ) Tj ET Q q 0 0 0 rg BT 335.46 261.90 Td (as ) Tj ET Q q 0 0 0 rg BT 346.14 261.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 378.48 261.90 Td (in ) Tj ET Q q 0 0 0 rg BT 388.61 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 403.19 261.90 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 449.68 261.90 Td (Upon ) Tj ET Q q 0 0 0 rg BT 474.26 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 488.83 261.90 Td (IPO ) Tj ET Q q 0 0 0 rg BT 507.30 261.90 Td (in ) Tj ET Q q 0 0 0 rg BT 516.91 261.90 Td (April ) Tj ET Q q 0 0 0 rg BT 540.37 261.90 Td (201) Tj ET Q q 0 0 0 rg BT 555.00 261.90 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.90 Td (as ) Tj ET Q q 0 0 0 rg BT 60.12 249.90 Td (a ) Tj ET Q q 0 0 0 rg BT 66.85 249.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 103.03 249.90 Td (event ) Tj ET Q q 0 0 0 rg BT 126.97 249.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 159.25 249.90 Td (in ) Tj ET Q q 0 0 0 rg BT 169.31 249.90 Td (the ) Tj ET Q q 0 0 0 rg BT 183.82 249.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 227.75 249.90 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 267.51 249.90 Td (the ) Tj ET Q q 0 0 0 rg BT 282.02 249.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 323.20 249.90 Td (began ) Tj ET Q q 0 0 0 rg BT 349.36 249.90 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 398.85 249.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 456.68 249.90 Td (expense. ) Tj ET Q q 0 0 0 rg BT 493.51 249.90 Td (The ) Tj ET Q q 0 0 0 rg BT 511.35 249.90 Td (options ) Tj ET Q q 0 0 0 rg BT 543.09 249.90 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 70.89 237.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 98.94 237.90 Td (as ) Tj ET Q q 0 0 0 rg BT 109.77 237.90 Td (of ) Tj ET Q q 0 0 0 rg BT 120.60 237.90 Td (December ) Tj ET Q q 0 0 0 rg BT 164.19 237.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 179.19 237.90 Td (2012. ) Tj ET Q q 0 0 0 rg BT 204.01 237.90 Td (The ) Tj ET Q q 0 0 0 rg BT 222.06 237.90 Td (related ) Tj ET Q q 0 0 0 rg BT 251.77 237.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 309.81 237.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 344.52 237.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 390.89 237.90 Td (for ) Tj ET Q q 0 0 0 rg BT 405.05 237.90 Td (the ) Tj ET Q q 0 0 0 rg BT 419.77 237.90 Td (year ) Tj ET Q q 0 0 0 rg BT 439.48 237.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 465.86 237.90 Td (December ) Tj ET Q q 0 0 0 rg BT 509.44 237.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.45 237.90 Td (2012 ) Tj ET Q q 0 0 0 rg BT 546.95 237.90 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.90 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 69.50 225.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 225.90 Td (.) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 740.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 740.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 261.51 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.90 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 291.51 740.10 Td (option ) Tj ET Q q 0 0 0 rg BT 319.57 740.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 352.06 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 377.33 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.04 740.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 414.54 740.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.32 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.82 740.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.76 740.10 Td (201) Tj ET Q q 0 0 0 rg BT 466.39 740.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 473.89 740.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.67 740.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 671.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 671.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 671.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 671.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 671.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 641.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 641.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 641.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 641.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 641.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 611.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 611.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 611.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 611.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 611.60 56.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 447.00 551.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 551.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 521.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 521.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 521.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 521.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 491.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 491.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 491.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 491.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 461.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 461.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 461.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 461.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 461.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 684.6 m 383 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 684.6 m 443 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 684.6 m 503 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 684.6 m 563 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 611.6 m 383 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 611.6 m 443 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 551.6 m 383 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 551.6 m 443 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 491.6 m 383 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 491.6 m 443 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 477.6 m 383 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 475.6 m 383 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 491.6 m 443 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 477.6 m 443 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 475.6 m 443 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 477.6 m 503 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 475.6 m 503 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 477.6 m 563 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 475.6 m 563 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 462.6 m 383 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 460.6 m 383 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 462.6 m 443 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 460.6 m 443 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 462.6 m 503 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 460.6 m 503 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 462.6 m 563 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 460.6 m 563 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 447.6 m 383 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 445.6 m 383 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 447.6 m 443 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 445.6 m 443 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 447.6 m 503 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 445.6 m 503 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 447.6 m 563 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 445.6 m 563 445.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.00 696.83 Td (Number) Tj ET Q q 0 0 0 rg BT 364.30 696.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.00 688.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 359.30 688.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.25 712.83 Td (W) Tj ET Q q 0 0 0 rg BT 405.81 712.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.55 704.83 Td (A) Tj ET Q q 0 0 0 rg BT 405.73 704.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 696.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 416.39 696.83 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 688.83 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.25 720.83 Td (W) Tj ET Q q 0 0 0 rg BT 465.81 720.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.55 712.83 Td (A) Tj ET Q q 0 0 0 rg BT 465.73 712.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.80 704.83 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.80 696.83 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 688.83 Td (T) Tj ET Q q 0 0 0 rg BT 469.90 688.83 Td (erm) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 704.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 534.18 704.83 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.80 696.83 Td (Intrinsic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.85 688.83 Td (V) Tj ET Q q 0 0 0 rg BT 529.89 688.83 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 675.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.50 675.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 675.85 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 459.35 675.72 Td (\(in years\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 511.65 675.72 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.17 Td (Outstanding at December 31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 661.27 Td (4,246,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 661.27 Td (3.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 647.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 646.27 Td (865,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 646.27 Td (14.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 632.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 631.32 Td (\(1,444,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 631.27 Td (2.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 617.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 616.32 Td (\(205,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 616.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 616.27 Td (7.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.17 Td (Outstanding at December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 601.27 Td (3,461,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 601.27 Td (7.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 587.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 586.27 Td (841,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 586.27 Td (23.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 572.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 571.32 Td (\(854,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 571.27 Td (5.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 557.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 556.32 Td (\(163,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 556.27 Td (20.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 542.17 Td (Outstanding at December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 541.27 Td (3,284,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 541.27 Td (11.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 527.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 526.27 Td (904,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 526.27 Td (28.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 512.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 511.32 Td (\(1,048,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 511.27 Td (7.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 497.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 496.32 Td (\(90,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 496.27 Td (22.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 482.17 Td (Outstanding at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 481.27 Td (3,050,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 481.27 Td (17.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 481.27 Td (7.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 481.27 Td (69,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 467.17 Td (Ending vested and expected to vest at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 466.27 Td (2,900,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 466.27 Td (16.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 466.27 Td (7.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 466.27 Td (67,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 452.17 Td (Exercisable at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 451.27 Td (1,489,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 451.27 Td (11.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 451.27 Td (6.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 451.27 Td (43,278) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 426.10 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 109.20 426.10 Td (value ) Tj ET Q q 0 0 0 rg BT 133.23 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.94 426.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.76 426.10 Td (option ) Tj ET Q q 0 0 0 rg BT 183.69 426.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.74 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.33 426.10 Td (dif) Tj ET Q q 0 0 0 rg BT 218.26 426.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 250.05 426.10 Td (between ) Tj ET Q q 0 0 0 rg BT 285.74 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 426.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.59 426.10 Td (value ) Tj ET Q q 0 0 0 rg BT 340.62 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.33 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.92 426.10 Td (Company) Tj ET Q q 0 0 0 rg BT 407.59 426.10 Td (s ) Tj ET Q q 0 0 0 rg BT 413.86 426.10 Td (common ) Tj ET Q q 0 0 0 rg BT 451.23 426.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 474.71 426.10 Td (at ) Tj ET Q q 0 0 0 rg BT 484.31 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.90 426.10 Td (time ) Tj ET Q q 0 0 0 rg BT 519.05 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.76 426.10 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.62 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.52 414.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 116.96 414.10 Td (price ) Tj ET Q q 0 0 0 rg BT 139.63 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.09 414.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.21 414.10 Td (paid. ) Tj ET Q q 0 0 0 rg BT 184.42 414.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.65 414.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 244.19 414.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 279.65 414.10 Td (value ) Tj ET Q q 0 0 0 rg BT 303.99 414.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.33 414.10 Td (options ) Tj ET Q q 0 0 0 rg BT 350.46 414.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 399.81 414.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.71 414.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 468.48 414.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.48 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.16 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.62 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.52 414.10 Td (table ) Tj ET Q q 0 0 0 rg BT 538.64 414.10 Td (above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 93.50 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.18 402.10 Td (total ) Tj ET Q q 0 0 0 rg BT 130.41 402.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 166.64 402.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 194.26 402.10 Td (based ) Tj ET Q q 0 0 0 rg BT 220.49 402.10 Td (on ) Tj ET Q q 0 0 0 rg BT 233.95 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.63 402.10 Td (Company) Tj ET Q q 0 0 0 rg BT 291.29 402.10 Td (s ) Tj ET Q q 0 0 0 rg BT 298.65 402.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 330.99 402.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 355.56 402.10 Td (price ) Tj ET Q q 0 0 0 rg BT 379.01 402.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 402.10 Td ($40.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.76 402.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.55 402.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.34 402.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 504.89 402.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.89 402.10 Td (. ) Tj ET Q q 0 0 0 rg BT 530.85 402.10 Td (Options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.64 390.10 Td (that ) Tj ET Q q 0 0 0 rg BT 116.11 390.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.79 390.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 168.80 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.05 390.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 197.63 390.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.32 390.10 Td (net ) Tj ET Q q 0 0 0 rg BT 227.01 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.81 390.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 278.61 390.10 Td (future ) Tj ET Q q 0 0 0 rg BT 304.96 390.10 Td (option ) Tj ET Q q 0 0 0 rg BT 332.99 390.10 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 379.61 390.10 Td (For ) Tj ET Q q 0 0 0 rg BT 395.98 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.67 390.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 447.02 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.83 390.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 481.41 390.10 Td (options ) Tj ET Q q 0 0 0 rg BT 513.33 390.10 Td (outstanding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 378.10 Td (options ) Tj ET Q q 0 0 0 rg BT 96.17 378.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 114.77 378.10 Td (over ) Tj ET Q q 0 0 0 rg BT 135.04 378.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.98 378.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.44 378.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 181.48 378.10 Td (period ) Tj ET Q q 0 0 0 rg BT 209.52 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.46 378.10 Td (have ) Tj ET Q q 0 0 0 rg BT 247.84 378.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.78 378.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 297.83 378.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 344.75 378.10 Td (term ) Tj ET Q q 0 0 0 rg BT 365.57 378.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.40 378.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.62 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.12 378.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 357.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 117.12 357.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.29 357.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 168.78 357.10 Td (information ) Tj ET Q q 0 0 0 rg BT 218.49 357.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 261.53 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.81 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.53 357.10 Td (Company) Tj ET Q q 0 0 0 rg BT 328.19 357.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.58 357.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 358.19 357.10 Td (option ) Tj ET Q q 0 0 0 rg BT 386.25 357.10 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 305.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 305.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 305.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 305.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 275.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 275.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 275.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 275.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 333.6 m 449 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 333.6 m 453 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 333.6 m 506 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 333.6 m 510 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 333.6 m 563 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 318.6 m 449 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 318.6 m 506 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 333.6 m 563 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 318.6 m 563 318.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 337.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 337.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 323.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 323.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 322.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 322.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 322.83 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 309.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.55 309.83 Td (\(in thousands except for per option data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.17 Td (Weighted average grant-date fair value per option granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 295.27 Td (14.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 295.27 Td (11.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 295.27 Td (7.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 281.17 Td (Grant-date fair value of options vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 280.27 Td (6,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 280.27 Td (3,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 280.27 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 266.17 Td (Intrinsic value of options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 265.27 Td (26,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 265.27 Td (18,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 265.27 Td (22,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 251.17 Td (Proceeds received from options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 250.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 250.27 Td (7,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 250.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 250.27 Td (4,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 250.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 250.27 Td (3,516) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 225.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.33 225.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.66 225.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 225.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 157.19 225.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.19 225.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.41 225.10 Td (total ) Tj ET Q q 0 0 0 rg BT 202.90 225.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 259.48 225.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 317.74 225.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 336.57 225.10 Td (related ) Tj ET Q q 0 0 0 rg BT 366.49 225.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.99 225.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 415.26 225.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.09 225.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 473.75 225.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 509.80 225.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.18 225.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.10 Td (forfeitures, ) Tj ET Q q 0 0 0 rg BT 96.15 213.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.70 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.20 213.10 Td ($14.6 ) Tj ET Q q 0 0 0 rg BT 139.20 213.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.09 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.59 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.53 213.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.70 213.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 234.73 213.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.01 213.10 Td (be ) Tj ET Q q 0 0 0 rg BT 256.95 213.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 303.31 213.10 Td (over ) Tj ET Q q 0 0 0 rg BT 323.58 213.10 Td (a ) Tj ET Q q 0 0 0 rg BT 330.52 213.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 369.67 213.10 Td (average ) Tj ET Q q 0 0 0 rg BT 403.25 213.10 Td (period ) Tj ET Q q 0 0 0 rg BT 431.30 213.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.63 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.13 213.10 Td (2.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.63 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.13 213.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 186.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 116.54 186.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 140.70 186.80 Td (Units ) Tj ET Q q 0 0 0 rg BT 164.87 186.80 Td (and ) Tj ET Q q 0 0 0 rg BT 182.37 186.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.89 186.80 Td (A) Tj ET Q q 0 0 0 rg BT 242.45 186.80 Td (war) Tj ET Q q 0 0 0 rg BT 257.64 186.80 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 169.80 Td (The ) Tj ET Q q 0 0 0 rg BT 91.33 169.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.48 169.80 Td (value ) Tj ET Q q 0 0 0 rg BT 131.42 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 142.03 169.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.53 169.80 Td (Company) Tj ET Q q 0 0 0 rg BT 198.19 169.80 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.36 169.80 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.71 169.80 Td ( ) Tj ET Q q 0 0 0 rg BT 229.99 169.80 Td (and ) Tj ET Q q 0 0 0 rg BT 246.71 169.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 299.57 169.80 Td (A) Tj ET Q q 0 0 0 rg BT 305.87 169.80 Td (wards ) Tj ET Q q 0 0 0 rg BT 332.03 169.80 Td (is ) Tj ET Q q 0 0 0 rg BT 340.98 169.80 Td (measured ) Tj ET Q q 0 0 0 rg BT 381.58 169.80 Td (based ) Tj ET Q q 0 0 0 rg BT 406.63 169.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 428.91 169.80 Td (the ) Tj ET Q q 0 0 0 rg BT 443.41 169.80 Td (closing ) Tj ET Q q 0 0 0 rg BT 474.57 169.80 Td (price ) Tj ET Q q 0 0 0 rg BT 496.84 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 507.45 169.80 Td (its ) Tj ET Q q 0 0 0 rg BT 519.18 169.80 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.80 Td (common ) Tj ET Q q 0 0 0 rg BT 86.50 157.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 109.61 157.80 Td (as ) Tj ET Q q 0 0 0 rg BT 119.94 157.80 Td (of ) Tj ET Q q 0 0 0 rg BT 130.27 157.80 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 157.80 Td (grant ) Tj ET Q q 0 0 0 rg BT 167.03 157.80 Td (date ) Tj ET Q q 0 0 0 rg BT 185.69 157.80 Td (and ) Tj ET Q q 0 0 0 rg BT 202.13 157.80 Td (is ) Tj ET Q q 0 0 0 rg BT 210.80 157.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.66 157.80 Td (over ) Tj ET Q q 0 0 0 rg BT 276.43 157.80 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 157.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 321.54 157.80 Td (term. ) Tj ET Q q 0 0 0 rg BT 344.36 157.80 Td (Upon ) Tj ET Q q 0 0 0 rg BT 368.59 157.80 Td (vesting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.97 157.80 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.32 157.80 Td ( ) Tj ET Q q 0 0 0 rg BT 427.32 157.80 Td (convert ) Tj ET Q q 0 0 0 rg BT 459.31 157.80 Td (into ) Tj ET Q q 0 0 0 rg BT 476.86 157.80 Td (an ) Tj ET Q q 0 0 0 rg BT 488.30 157.80 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 531.96 157.80 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.80 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 145.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 87.82 145.80 Td (of ) Tj ET Q q 0 0 0 rg BT 98.65 145.80 Td (common ) Tj ET Q q 0 0 0 rg BT 136.15 145.80 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 128.80 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.02 128.80 Td (August ) Tj ET Q q 0 0 0 rg BT 113.45 128.80 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.45 128.80 Td (, ) Tj ET Q q 0 0 0 rg BT 137.48 128.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.22 128.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.64 128.80 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.16 128.80 Td (147,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.66 128.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.19 128.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 309.46 128.80 Td (A) Tj ET Q q 0 0 0 rg BT 315.77 128.80 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 128.80 Td ( ) Tj ET Q q 0 0 0 rg BT 341.18 128.80 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.95 128.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 370.48 128.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 422.76 128.80 Td (A) Tj ET Q q 0 0 0 rg BT 429.06 128.80 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.05 128.80 Td (s\) ) Tj ET Q q 0 0 0 rg BT 462.24 128.80 Td (to ) Tj ET Q q 0 0 0 rg BT 471.55 128.80 Td (designated ) Tj ET Q q 0 0 0 rg BT 515.85 128.80 Td (participants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.80 Td (under ) Tj ET Q q 0 0 0 rg BT 74.31 116.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.57 116.80 Td (201) Tj ET Q q 0 0 0 rg BT 103.20 116.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 110.24 116.80 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.02 116.80 Td (. ) Tj ET Q q 0 0 0 rg BT 132.57 116.80 Td ( ) Tj ET Q q 0 0 0 rg BT 134.46 116.80 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.05 116.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 174.10 116.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 226.77 116.80 Td (A) Tj ET Q q 0 0 0 rg BT 233.08 116.80 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.07 116.80 Td (s ) Tj ET Q q 0 0 0 rg BT 259.00 116.80 Td (represented ) Tj ET Q q 0 0 0 rg BT 307.13 116.80 Td (the ) Tj ET Q q 0 0 0 rg BT 321.39 116.80 Td (right ) Tj ET Q q 0 0 0 rg BT 342.32 116.80 Td (to ) Tj ET Q q 0 0 0 rg BT 352.14 116.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 383.05 116.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 410.08 116.80 Td (of ) Tj ET Q q 0 0 0 rg BT 420.45 116.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.71 116.80 Td (Company) Tj ET Q q 0 0 0 rg BT 476.38 116.80 Td (s ) Tj ET Q q 0 0 0 rg BT 482.31 116.80 Td (common ) Tj ET Q q 0 0 0 rg BT 519.35 116.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.50 116.80 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.80 Td (achievement ) Tj ET Q q 0 0 0 rg BT 102.38 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.07 104.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 142.63 104.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 195.51 104.80 Td (goals ) Tj ET Q q 0 0 0 rg BT 218.98 104.80 Td (during ) Tj ET Q q 0 0 0 rg BT 247.44 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 262.02 104.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 314.90 104.80 Td (period ) Tj ET Q q 0 0 0 rg BT 342.80 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 353.49 104.80 Td (July ) Tj ET Q q 0 0 0 rg BT 372.52 104.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 382.37 104.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 404.73 104.80 Td (through ) Tj ET Q q 0 0 0 rg BT 438.20 104.80 Td (June ) Tj ET Q q 0 0 0 rg BT 458.88 104.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 473.74 104.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 498.60 104.80 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.77 104.80 Td (August ) Tj ET Q q 0 0 0 rg BT 540.02 104.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 104.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.80 Td (after ) Tj ET Q q 0 0 0 rg BT 70.21 92.80 Td (the ) Tj ET Q q 0 0 0 rg BT 84.83 92.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.11 92.80 Td (filed ) Tj ET Q q 0 0 0 rg BT 146.83 92.80 Td (with ) Tj ET Q q 0 0 0 rg BT 167.01 92.80 Td (the ) Tj ET Q q 0 0 0 rg BT 181.62 92.80 Td (SEC ) Tj ET Q q 0 0 0 rg BT 202.36 92.80 Td (its ) Tj ET Q q 0 0 0 rg BT 214.21 92.80 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 254.92 92.80 Td (Report ) Tj ET Q q 0 0 0 rg BT 284.53 92.80 Td (on ) Tj ET Q q 0 0 0 rg BT 296.93 92.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 321.00 92.80 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 343.95 92.80 Td (for ) Tj ET Q q 0 0 0 rg BT 358.01 92.80 Td (the ) Tj ET Q q 0 0 0 rg BT 372.62 92.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 403.33 92.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 429.61 92.80 Td (June ) Tj ET Q q 0 0 0 rg BT 450.33 92.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 465.23 92.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 490.13 92.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.74 92.80 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.80 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.94 80.80 Td ( ) Tj ET Q q 0 0 0 rg BT 95.68 80.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 142.40 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.36 80.80 Td (level ) Tj ET Q q 0 0 0 rg BT 177.53 80.80 Td (of ) Tj ET Q q 0 0 0 rg BT 187.60 80.80 Td (achievement ) Tj ET Q q 0 0 0 rg BT 239.87 80.80 Td (of ) Tj ET Q q 0 0 0 rg BT 249.94 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 263.90 80.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 316.16 80.80 Td (goals ) Tj ET Q q 0 0 0 rg BT 339.01 80.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 356.30 80.80 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.74 80.80 Td (Determination ) Tj ET Q q 0 0 0 rg BT 420.24 80.80 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.11 80.80 Td (\), ) Tj ET Q q 0 0 0 rg BT 451.12 80.80 Td (at ) Tj ET Q q 0 0 0 rg BT 460.08 80.80 Td (which ) Tj ET Q q 0 0 0 rg BT 486.26 80.80 Td (time ) Tj ET Q q 0 0 0 rg BT 505.77 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 519.73 80.80 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.80 Td (participants ) Tj ET Q q 0 0 0 rg BT 98.92 68.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 128.33 68.80 Td (an ) Tj ET Q q 0 0 0 rg BT 140.54 68.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 182.17 68.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.26 68.80 Td (588,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.76 68.80 Td ( ) Tj ET Q q 0 0 0 rg BT 228.53 68.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.29 68.80 Td (of ) Tj ET Q q 0 0 0 rg BT 267.39 68.80 Td (common ) Tj ET Q q 0 0 0 rg BT 305.15 68.80 Td (stock. ) Tj ET Q q 0 0 0 rg BT 331.33 68.80 Td (The ) Tj ET Q q 0 0 0 rg BT 349.64 68.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 379.05 68.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 406.81 68.80 Td (were ) Tj ET Q q 0 0 0 rg BT 429.01 68.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 456.78 68.80 Td (in ) Tj ET Q q 0 0 0 rg BT 466.71 68.80 Td (August ) Tj ET Q q 0 0 0 rg BT 498.37 68.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 523.64 68.80 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.18 68.80 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 68.80 Td ( ) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 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Q q 0 0 0 rg BT 480.78 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.82 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.75 740.10 Td (Determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.38 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.38 728.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 104.20 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.48 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.20 728.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 175.58 728.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 228.07 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.90 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.62 728.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 298.88 728.10 Td (through ) Tj ET Q q 0 0 0 rg BT 332.49 728.10 Td (such ) Tj ET Q q 0 0 0 rg BT 353.32 728.10 Td (dates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.63 711.10 Td (February ) Tj ET Q q 0 0 0 rg BT 127.52 711.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.82 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.83 711.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.51 711.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 711.10 Td (1) Tj ET Q q 0 0 0 rg BT 254.92 711.10 Td (13,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.42 711.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.22 711.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 342.04 711.10 Td (A) Tj ET Q q 0 0 0 rg BT 348.35 711.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.23 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.02 711.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.79 711.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 409.59 711.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 464.41 711.10 Td (A) Tj ET Q q 0 0 0 rg BT 470.72 711.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.71 711.10 Td (s\) ) Tj ET Q q 0 0 0 rg BT 507.16 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.74 711.10 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 98.51 699.10 Td (under ) Tj ET Q q 0 0 0 rg BT 123.64 699.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.22 699.10 Td (201) Tj ET Q q 0 0 0 rg BT 152.85 699.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 160.21 699.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.99 699.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.85 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.04 699.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.95 699.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 225.31 699.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 278.23 699.10 Td (A) Tj ET Q q 0 0 0 rg BT 284.53 699.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.52 699.10 Td (s ) Tj ET Q q 0 0 0 rg BT 310.78 699.10 Td (represent ) Tj ET 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365.70 687.10 Td (period ) Tj ET Q q 0 0 0 rg BT 394.10 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.29 687.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 449.24 687.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 472.10 687.10 Td (through ) Tj ET Q q 0 0 0 rg BT 506.06 687.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 687.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 74.78 675.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.90 675.10 Td (March ) Tj ET Q q 0 0 0 rg BT 114.78 675.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.78 675.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.06 675.10 Td (after ) Tj ET Q q 0 0 0 rg BT 161.16 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.16 675.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.83 675.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 238.94 675.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.50 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.50 675.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 295.62 675.10 Td (its ) Tj ET Q q 0 0 0 rg BT 307.24 675.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 339.46 675.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 369.46 675.10 Td (on ) Tj ET Q q 0 0 0 rg BT 382.25 675.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 406.70 675.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 430.03 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.48 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.48 675.10 Td (year ) Tj ET Q q 0 0 0 rg BT 479.47 675.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.13 675.10 Td (December ) Tj ET Q q 0 0 0 rg BT 549.99 675.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 73.54 663.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.31 663.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 146.62 663.10 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.06 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.61 663.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 239.13 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.89 663.10 Td (level ) Tj ET Q q 0 0 0 rg BT 273.87 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.75 663.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 335.82 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.69 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.45 663.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 411.52 663.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 434.17 663.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 451.26 663.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.70 663.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 476.91 663.10 Td (A) Tj ET Q q 0 0 0 rg BT 483.21 663.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 504.74 663.10 Td (Determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.38 651.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 81.44 651.10 Td (at ) Tj ET Q q 0 0 0 rg BT 91.46 651.10 Td (which ) Tj ET Q q 0 0 0 rg BT 118.70 651.10 Td (time ) Tj ET Q q 0 0 0 rg BT 139.27 651.10 Td (it ) Tj ET Q q 0 0 0 rg BT 147.63 651.10 Td (was ) Tj ET Q q 0 0 0 rg BT 165.98 651.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 213.76 651.10 Td (that ) Tj ET Q q 0 0 0 rg BT 231.55 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.57 651.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 292.13 651.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 341.58 651.10 Td (had ) Tj ET Q q 0 0 0 rg BT 358.82 651.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 388.26 651.10 Td (an ) Tj ET Q q 0 0 0 rg BT 400.50 651.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 442.16 651.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.29 651.10 Td (124,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.79 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.59 651.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.38 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.51 651.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 75.28 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.29 639.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.01 639.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 123.82 639.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 150.98 639.10 Td (were ) Tj ET Q q 0 0 0 rg BT 172.58 639.10 Td 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0 rg BT 440.76 627.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 487.09 627.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 539.52 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 627.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 94.76 615.10 Td (through ) Tj ET Q q 0 0 0 rg BT 128.37 615.10 Td (such ) Tj ET Q q 0 0 0 rg BT 149.20 615.10 Td (dates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 594.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.17 594.10 Td (February ) Tj ET Q q 0 0 0 rg BT 120.62 594.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.62 594.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.46 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.02 594.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.25 594.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.58 594.10 Td (62,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.08 594.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.43 594.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 310.56 594.10 Td (A) Tj ET Q q 0 0 0 rg BT 316.86 594.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.74 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.09 594.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.86 594.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 371.20 594.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 423.33 594.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.64 594.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.63 594.10 Td (s\) ) Tj ET Q q 0 0 0 rg BT 462.63 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.75 594.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 515.86 594.10 Td (participants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.79 582.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.53 582.10 Td (201) Tj ET Q q 0 0 0 rg BT 104.16 582.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 111.68 582.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.46 582.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.48 582.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.82 582.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.89 582.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 177.41 582.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 230.46 582.10 Td (A) Tj ET Q q 0 0 0 rg BT 236.76 582.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.75 582.10 Td (s ) Tj ET Q q 0 0 0 rg BT 263.17 582.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 302.34 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.07 582.10 Td (right ) Tj ET Q q 0 0 0 rg BT 338.48 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.78 582.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 380.17 582.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.68 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.53 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.27 582.10 Td (Company) Tj ET Q q 0 0 0 rg BT 474.94 582.10 Td (s ) Tj ET Q q 0 0 0 rg BT 481.35 582.10 Td (common ) Tj ET Q q 0 0 0 rg BT 518.87 582.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.50 582.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 102.77 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.83 570.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 143.77 570.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 197.04 570.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 220.88 570.10 Td (during ) Tj ET Q q 0 0 0 rg BT 249.73 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.68 570.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 317.94 570.10 Td (period ) Tj ET Q q 0 0 0 rg BT 346.23 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.30 570.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 401.13 570.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 423.87 570.10 Td (through ) Tj ET Q q 0 0 0 rg BT 457.72 570.10 Td (December ) Tj ET Q q 0 0 0 rg BT 501.54 570.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 516.78 570.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 541.41 570.10 Td (After ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.93 558.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.04 558.10 Td (files ) Tj ET Q q 0 0 0 rg BT 127.47 558.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.47 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.90 558.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 185.46 558.10 Td (its ) Tj ET Q q 0 0 0 rg BT 197.42 558.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 230.07 558.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 260.51 558.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.73 558.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 298.61 558.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 322.38 558.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.26 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.70 558.10 Td (year ) Tj ET Q q 0 0 0 rg BT 373.12 558.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 403.56 558.10 Td (December ) Tj ET Q q 0 0 0 rg BT 447.86 558.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 463.58 558.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 489.29 558.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.73 558.10 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.94 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.65 546.10 Td (will ) Tj ET Q q 0 0 0 rg BT 114.92 546.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 157.61 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.54 546.10 Td (level ) Tj ET Q q 0 0 0 rg BT 194.69 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.73 546.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 258.97 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.01 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.94 546.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 338.18 546.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 362.00 546.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 380.26 546.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.70 546.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 406.81 546.10 Td (A) Tj ET Q q 0 0 0 rg BT 413.11 546.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 435.82 546.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 496.29 546.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.16 546.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 528.14 546.10 Td (at ) Tj ET Q q 0 0 0 rg BT 538.07 546.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (time ) Tj ET Q q 0 0 0 rg BT 69.18 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.30 534.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 127.97 534.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 176.53 534.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.65 534.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 214.76 534.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.98 534.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.19 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.10 534.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.44 534.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.94 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.85 534.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 326.74 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.98 534.10 Td (common ) Tj ET Q q 0 0 0 rg BT 373.88 534.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 396.89 534.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.46 534.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.68 534.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 452.59 534.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 505.16 534.10 Td (A) Tj ET Q q 0 0 0 rg BT 511.46 534.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.45 534.10 Td (. ) Tj ET Q q 0 0 0 rg BT 535.85 534.10 Td (Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.95 522.10 Td (common ) Tj ET Q q 0 0 0 rg BT 99.07 522.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 123.31 522.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 155.58 522.10 Td (if ) Tj ET Q q 0 0 0 rg BT 164.81 522.10 Td (any) Tj ET Q q 0 0 0 rg BT 178.60 522.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.22 522.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.90 522.10 Td (be ) Tj ET Q q 0 0 0 rg BT 215.46 522.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 243.59 522.10 Td (after ) Tj ET Q q 0 0 0 rg BT 265.03 522.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.37 522.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 302.80 522.10 Td (A) Tj ET Q q 0 0 0 rg BT 309.11 522.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 332.22 522.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 393.10 522.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.98 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.10 522.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.01 522.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.34 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.46 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.92 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.26 522.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 512.37 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.27 522.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 542.50 522.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 86.46 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.99 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.29 510.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 162.92 510.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.99 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.86 510.10 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.05 510.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.38 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.47 510.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.55 510.10 Td (each ) Tj ET Q q 0 0 0 rg BT 276.96 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.37 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.67 510.10 Td (first ) Tj ET Q q 0 0 0 rg BT 322.87 510.10 Td (three ) Tj ET Q q 0 0 0 rg BT 345.94 510.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 401.78 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.20 510.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 510.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 450.90 510.10 Td (A) Tj ET Q q 0 0 0 rg BT 457.21 510.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 480.28 510.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 541.13 510.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 510.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.13 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.21 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.72 498.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 150.91 498.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 203.20 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.83 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.35 498.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 273.41 498.10 Td (through ) Tj ET Q q 0 0 0 rg BT 306.82 498.10 Td (such ) Tj ET Q q 0 0 0 rg BT 327.45 498.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 352.29 498.10 Td (As ) Tj ET Q q 0 0 0 rg BT 365.71 498.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.34 498.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 434.73 498.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.73 498.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.53 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.04 498.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 515.23 498.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 547.52 498.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.32 486.10 Td (award ) Tj ET Q q 0 0 0 rg BT 97.24 486.10 Td (will ) Tj ET Q q 0 0 0 rg BT 115.30 486.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 147.79 486.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.06 486.10 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.56 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.06 486.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.55 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.38 486.10 Td (common ) Tj ET Q q 0 0 0 rg BT 248.88 486.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 272.49 486.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.99 486.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.71 486.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 321.65 486.10 Td (A) Tj ET Q q 0 0 0 rg BT 327.96 486.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 350.45 486.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 410.71 486.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.58 486.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 465.10 Td (InDecember2014,the ) Tj ET Q q 0 0 0 rg BT 168.01 465.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.78 465.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 242.65 465.10 Td (Sigmund ) Tj ET Q q 0 0 0 rg BT 281.02 465.10 Td (Anderman, ) Tj ET Q q 0 0 0 rg BT 328.61 465.10 Td (then ) Tj ET Q q 0 0 0 rg BT 348.71 465.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 373.81 465.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 416.67 465.10 Td (Of) Tj ET Q q 0 0 0 rg BT 427.04 465.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 448.24 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.56 465.10 Td (current ) Tj ET Q q 0 0 0 rg BT 496.76 465.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 539.08 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 465.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 453.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.82 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.03 453.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 128.12 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.33 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.42 453.10 Td (Company) Tj ET Q q 0 0 0 rg BT 192.66 453.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.04 453.10 Td (an ) Tj ET Q q 0 0 0 rg BT 210.36 453.10 Td (option ) Tj ET Q q 0 0 0 rg BT 238.79 453.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.45 453.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.87 453.10 Td (76,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.37 453.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.25 453.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 346.12 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.33 453.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.10 453.10 Td (common ) Tj ET Q q 0 0 0 rg BT 436.97 453.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 460.96 453.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.28 453.10 Td (37,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.78 453.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.66 453.10 Td (performance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 80.98 441.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.33 441.10 Td (. ) Tj ET Q q 0 0 0 rg BT 109.42 441.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 132.00 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.92 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.73 441.10 Td (options ) Tj ET Q q 0 0 0 rg BT 189.78 441.10 Td (will ) Tj ET Q q 0 0 0 rg BT 207.93 441.10 Td (have ) Tj ET Q q 0 0 0 rg BT 229.40 441.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.43 441.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.89 441.10 Td (-year) Tj ET Q q 0 0 0 rg BT 273.03 441.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.12 441.10 Td (employment-based ) Tj ET Q q 0 0 0 rg BT 356.81 441.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 388.29 441.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 425.87 441.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.24 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.05 441.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.75 441.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.08 441.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.68 441.10 Td (total ) Tj ET Q q 0 0 0 rg BT 521.04 441.10 Td (number ) Tj ET Q q 0 0 0 rg BT 554.19 441.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.07 429.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 105.19 429.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.76 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.56 429.10 Td (first ) Tj ET Q q 0 0 0 rg BT 151.24 429.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 200.46 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.37 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.16 429.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 249.28 429.10 Td (date ) Tj ET Q q 0 0 0 rg BT 268.51 429.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.53 429.10 Td (1/48th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.08 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.66 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.57 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.36 429.10 Td (original ) Tj ET Q q 0 0 0 rg BT 373.04 429.10 Td (number ) Tj ET Q q 0 0 0 rg BT 406.16 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.07 429.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 444.63 429.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.21 429.10 Td (each ) Tj ET Q q 0 0 0 rg BT 478.10 429.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 514.01 429.10 Td (anniversary) Tj ET Q q 0 0 0 rg BT 560.01 429.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 72.90 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.64 417.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.27 417.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 186.42 417.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.77 417.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.18 417.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.15 417.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 251.67 417.10 Td (based ) Tj ET Q q 0 0 0 rg BT 277.85 417.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.27 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.90 417.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 370.84 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.58 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.21 417.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 439.38 417.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 463.90 417.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.97 417.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 504.04 417.10 Td (year ) Tj ET Q q 0 0 0 rg BT 524.66 417.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 548.07 417.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 92.93 405.10 Td (employment. ) Tj ET Q q 0 0 0 rg BT 149.41 405.10 Td (On ) Tj ET Q q 0 0 0 rg BT 165.63 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.84 405.10 Td (date ) Tj ET Q q 0 0 0 rg BT 202.49 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.70 405.10 Td (board ) Tj ET Q q 0 0 0 rg BT 245.46 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.78 405.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 296.76 405.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.08 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.30 405.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 384.83 405.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 431.03 405.10 Td (certifies ) Tj ET Q q 0 0 0 rg BT 467.23 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.44 405.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 537.96 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 405.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 393.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.49 393.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 137.67 393.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 161.21 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.30 393.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 199.39 393.10 Td (year ) Tj ET Q q 0 0 0 rg BT 219.03 393.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 241.46 393.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 259.43 393.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.87 393.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 286.30 393.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 308.19 393.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 368.38 393.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.25 393.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 399.95 393.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 411.62 393.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.02 393.10 Td (Anderman ) Tj ET Q q 0 0 0 rg BT 460.65 393.10 Td (may ) Tj ET Q q 0 0 0 rg BT 480.30 393.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 499.94 393.10 Td (up ) Tj ET Q q 0 0 0 rg BT 512.37 393.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.58 393.10 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.08 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.51 393.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.03 381.10 Td (common ) Tj ET Q q 0 0 0 rg BT 97.22 381.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.53 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.38 381.10 Td (each ) Tj ET Q q 0 0 0 rg BT 154.90 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.42 381.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.84 381.10 Td (performance-vesting 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.42 369.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 138.99 369.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 161.01 369.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 221.34 369.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.22 369.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.28 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.29 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.07 369.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 320.18 369.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 347.74 369.10 Td (will ) Tj ET Q q 0 0 0 rg BT 365.86 369.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 384.54 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.55 369.10 Td (be ) Tj ET Q q 0 0 0 rg BT 413.55 369.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.12 369.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.45 369.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.02 369.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.58 369.10 Td (each ) Tj ET Q q 0 0 0 rg BT 495.47 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.36 369.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.02 369.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 74.50 357.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 97.00 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.94 357.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 138.94 357.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 169.76 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.04 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.76 357.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 241.15 357.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 293.64 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.47 357.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 316.14 357.10 Td (. ) Tj ET Q q 0 0 0 rg BT 320.58 357.10 Td (Anderman ) Tj ET Q q 0 0 0 rg BT 365.29 357.10 Td (through ) Tj ET Q q 0 0 0 rg BT 398.90 357.10 Td (such ) Tj ET Q q 0 0 0 rg BT 419.73 357.10 Td (dates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 336.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 336.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 336.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 336.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 336.10 Td (Company) Tj ET Q q 0 0 0 rg BT 261.51 336.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.90 336.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 289.86 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.80 336.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 359.83 336.10 Td (A) Tj ET Q q 0 0 0 rg BT 366.13 336.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 388.62 336.10 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 259.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 259.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 259.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 259.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 259.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 229.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 229.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 229.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 229.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 229.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 199.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 199.60 49.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 169.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 139.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 139.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 139.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 139.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 139.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 109.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 109.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 109.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 109.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 109.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 79.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 79.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 79.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 79.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 79.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 79.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 79.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 79.60 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 304.6 m 404 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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Tj ET Q q 0 0 0 rg BT 423.23 287.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.55 279.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.15 271.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 428.67 271.83 Td ( ) Tj ET Q q 0 0 0 rg BT 430.52 271.83 Td (V) Tj ET Q q 0 0 0 rg BT 435.56 271.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.15 263.83 Td (Per) Tj ET Q q 0 0 0 rg BT 426.99 263.83 Td ( Shar) Tj ET Q q 0 0 0 rg BT 445.30 263.83 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 271.83 Td (Number) Tj ET Q q 0 0 0 rg BT 494.80 271.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.50 263.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 489.80 263.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.75 295.83 Td (W) Tj ET Q q 0 0 0 rg BT 529.31 295.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.05 287.83 Td (A) Tj ET Q q 0 0 0 rg BT 529.23 287.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 279.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.15 271.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 534.67 271.83 Td ( ) Tj ET Q q 0 0 0 rg BT 536.52 271.83 Td (V) Tj ET Q q 0 0 0 rg BT 541.56 271.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.15 263.83 Td (Per) Tj ET Q q 0 0 0 rg BT 532.99 263.83 Td ( Shar) Tj ET Q q 0 0 0 rg BT 551.30 263.83 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 250.17 Td (Outstanding at December 31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 235.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 234.27 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 234.27 Td (8.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 234.27 Td (588,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 234.27 Td (25.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 220.17 Td (Released) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.30 219.32 Td (\(9,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 219.27 Td (8.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 219.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 219.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 205.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 190.17 Td (Outstanding at December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 189.27 Td (40,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 189.27 Td (8.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 189.27 Td (588,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 189.27 Td (25.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 175.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 174.27 Td (301,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 174.27 Td (24.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 174.27 Td (124,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 174.27 Td (19.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 160.17 Td (Released) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 159.32 Td (\(20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 159.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 159.27 Td (14.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 159.32 Td (\(147,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 159.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 159.27 Td (25.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 145.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 144.32 Td (\(65,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 144.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 144.27 Td (24.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 144.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 144.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 130.17 Td (Outstanding at December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 129.27 Td (257,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 129.27 Td (23.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 129.27 Td (565,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 129.27 Td (24.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 115.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 114.27 Td (525,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 114.27 Td (28.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 114.27 Td (155,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 114.27 Td (24.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 100.17 Td (Released) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 99.32 Td (\(84,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 99.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 99.27 Td (22.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 99.32 Td (\(178,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 99.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 99.27 Td (24.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 85.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.30 84.32 Td (\(111,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 84.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 84.27 Td (29.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 84.32 Td (\(58,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 84.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 84.27 Td (24.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 70.17 Td (Outstanding at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 69.27 Td (585,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 69.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 69.27 Td (27.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 69.27 Td (485,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.50 69.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 69.27 Td (26.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 55.17 Td (Ending vested and expected to vest at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 54.27 Td (495,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 54.27 Td (485,177) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.95 740.10 Td (s and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.28 740.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 169.32 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 175.62 740.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 740.10 Td ( that are expected to vest are net of estimated future forfeitures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.22 740.10 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.67 740.10 Td (s released during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.98 728.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.48 728.10 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.56 728.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.06 728.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.06 728.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.50 728.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.50 728.10 Td ( had an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.88 728.10 Td (aggregate intrinsic value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.17 728.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 728.10 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.39 728.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.83 728.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.72 728.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 530.38 728.10 Td (, and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (aggregate grant-date fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.93 716.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.26 716.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 716.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.59 716.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.48 716.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 355.14 716.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.14 716.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 413.17 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 419.48 716.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.36 716.10 Td ( released during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.44 716.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.38 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 704.10 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.96 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.46 704.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.46 704.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.90 704.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.90 704.10 Td ( had an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.28 704.10 Td (aggregate intrinsic value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.57 704.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.90 704.10 Td ($5.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.79 704.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.23 704.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.12 704.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 506.78 704.10 Td (, and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (aggregate grant-date fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.93 692.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.26 692.10 Td ($4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 692.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.59 692.10 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.48 692.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 355.14 692.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.96 692.10 Td (The number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.88 692.10 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.34 692.10 Td (s released includes shares that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (the Company withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 659.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.66 659.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.99 659.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.04 659.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.18 659.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.18 659.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.72 659.10 Td (total ) Tj ET Q q 0 0 0 rg BT 204.55 659.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 261.46 659.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 320.05 659.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 355.31 659.10 Td (related ) Tj ET Q q 0 0 0 rg BT 385.56 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.39 659.10 Td (unvested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.93 659.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.98 659.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.33 659.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.38 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.86 659.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 532.32 659.10 Td (A) Tj ET Q q 0 0 0 rg BT 538.63 659.10 Td (wards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.05 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 647.10 Td ($17.7 ) Tj ET Q q 0 0 0 rg BT 92.55 647.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.44 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.94 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.88 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 647.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 188.08 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.36 647.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.30 647.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.66 647.10 Td (over ) Tj ET Q q 0 0 0 rg BT 276.93 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.87 647.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 323.03 647.10 Td (average ) Tj ET Q q 0 0 0 rg BT 356.61 647.10 Td (period ) Tj ET Q q 0 0 0 rg BT 384.66 647.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.99 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.49 647.10 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.99 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.49 647.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 626.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 123.18 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.52 626.10 Td (year) Tj ET Q q 0 0 0 rg BT 151.53 626.10 Td (-end, ) Tj ET Q q 0 0 0 rg BT 175.37 626.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.71 626.10 Td (January ) Tj ET Q q 0 0 0 rg BT 221.38 626.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.38 626.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.45 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.23 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 305.69 626.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.24 626.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 350.91 626.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.19 626.10 Td (Anderman ) Tj ET Q q 0 0 0 rg BT 401.97 626.10 Td (an ) Tj ET Q q 0 0 0 rg BT 414.98 626.10 Td (option ) Tj ET Q q 0 0 0 rg BT 444.10 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.45 626.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.55 626.10 Td (71,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.05 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.62 626.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.18 626.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.28 614.10 Td (common ) Tj ET Q q 0 0 0 rg BT 129.18 614.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 153.18 614.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.52 614.10 Td (34,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.02 614.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.91 614.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 286.55 614.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.89 614.10 Td (. ) Tj ET Q q 0 0 0 rg BT 315.29 614.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 338.17 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.40 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.51 614.10 Td (options ) Tj ET Q q 0 0 0 rg BT 396.86 614.10 Td (will ) Tj ET Q q 0 0 0 rg BT 415.31 614.10 Td (have ) Tj ET Q q 0 0 0 rg BT 437.09 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.42 614.10 Td (four) Tj ET Q q 0 0 0 rg BT 460.88 614.10 Td (-year) Tj ET Q q 0 0 0 rg BT 481.02 614.10 Td (, ) Tj ET Q q 0 0 0 rg BT 486.42 614.10 Td (employment-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 81.34 602.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 119.28 602.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.01 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.18 602.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.24 602.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.57 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.52 602.10 Td (total ) Tj ET Q q 0 0 0 rg BT 216.25 602.10 Td (number ) Tj ET Q q 0 0 0 rg BT 249.75 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.03 602.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.98 602.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 317.48 602.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.43 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.60 602.10 Td (first ) Tj ET Q q 0 0 0 rg BT 364.66 602.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 414.26 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.65 602.10 Td (1/48th ) Tj ET Q q 0 0 0 rg BT 460.16 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.45 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.62 602.10 Td (original ) Tj ET Q q 0 0 0 rg BT 520.67 602.10 Td (number ) Tj ET Q q 0 0 0 rg BT 554.17 602.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.37 590.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.25 590.10 Td (each ) Tj ET Q q 0 0 0 rg BT 108.45 590.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 143.67 590.10 Td (anniversary) Tj ET Q q 0 0 0 rg BT 189.67 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.05 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.93 590.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 217.80 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.01 590.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.11 590.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 326.73 590.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.08 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.96 590.10 Td (will ) Tj ET Q q 0 0 0 rg BT 369.40 590.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 387.39 590.10 Td (based ) Tj ET Q q 0 0 0 rg BT 412.04 590.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 433.92 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.02 590.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 500.43 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.64 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.74 590.10 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 73.18 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 87.42 578.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 111.64 578.10 Td (year ) Tj ET Q q 0 0 0 rg BT 131.42 578.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 154.00 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.01 578.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 213.02 578.10 Td (employment. ) Tj ET Q q 0 0 0 rg BT 268.08 578.10 Td (On ) Tj ET Q q 0 0 0 rg BT 282.87 578.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.66 578.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 320.24 578.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 342.26 578.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 402.60 578.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.47 578.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.55 578.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 438.22 578.10 Td (. ) Tj ET Q q 0 0 0 rg BT 442.72 578.10 Td (Anderman ) Tj ET Q q 0 0 0 rg BT 487.50 578.10 Td (may ) Tj ET Q q 0 0 0 rg BT 507.29 578.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 527.07 578.10 Td (up ) Tj ET Q q 0 0 0 rg BT 539.65 578.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.00 578.10 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 578.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.12 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.08 566.10 Td (common ) Tj ET Q q 0 0 0 rg BT 125.70 566.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 149.44 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.73 566.10 Td (each ) Tj ET Q q 0 0 0 rg BT 184.67 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.63 566.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.47 566.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 295.84 566.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.19 566.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.31 566.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.64 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.27 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.23 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.08 566.10 Td (total ) Tj ET Q q 0 0 0 rg BT 391.48 566.10 Td (number ) Tj ET Q q 0 0 0 rg BT 424.65 566.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.61 566.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 520.98 566.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.32 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 566.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 67.81 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.45 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.09 554.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 123.29 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.50 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.14 554.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 202.10 554.10 Td (Date, ) Tj ET Q q 0 0 0 rg BT 225.68 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.32 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.74 554.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 299.48 554.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 326.67 554.10 Td (will ) Tj ET Q q 0 0 0 rg BT 344.43 554.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 362.74 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.38 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.02 554.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.23 554.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.56 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.76 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 450.96 554.10 Td (each ) Tj ET Q q 0 0 0 rg BT 471.48 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.01 554.10 Td (December ) Tj ET Q q 0 0 0 rg BT 525.30 554.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.00 554.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 72.00 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.94 542.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 113.94 542.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 144.76 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.04 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.76 542.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 216.15 542.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 268.64 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.47 542.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 291.14 542.10 Td (. ) Tj ET Q q 0 0 0 rg BT 295.58 542.10 Td (Anderman ) Tj ET Q q 0 0 0 rg BT 340.29 542.10 Td (through ) Tj ET Q q 0 0 0 rg BT 373.90 542.10 Td (such ) Tj ET Q q 0 0 0 rg BT 394.73 542.10 Td (dates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 521.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 121.44 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.04 521.10 Td (year) Tj ET Q q 0 0 0 rg BT 148.05 521.10 Td (-end, ) Tj ET Q q 0 0 0 rg BT 170.15 521.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.75 521.10 Td (February ) Tj ET Q q 0 0 0 rg BT 217.68 521.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.68 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.01 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.06 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.77 521.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.59 521.10 Td (24,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.09 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.91 521.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 410.42 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 416.73 521.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.61 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.44 521.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.21 521.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 472.03 521.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 524.54 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 530.85 521.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.84 521.10 Td (s\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.73 509.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 102.95 509.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 151.05 509.10 Td (under ) Tj ET Q q 0 0 0 rg BT 175.27 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.94 509.10 Td (201) Tj ET Q q 0 0 0 rg BT 203.57 509.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 210.02 509.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.80 509.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.75 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.10 509.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.10 509.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 271.55 509.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 323.77 509.10 Td (A) Tj ET Q q 0 0 0 rg BT 330.07 509.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.06 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 355.41 509.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 393.51 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.17 509.10 Td (right ) Tj ET Q q 0 0 0 rg BT 427.51 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.75 509.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 467.06 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 493.50 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.29 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 509.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 509.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (common ) Tj ET Q q 0 0 0 rg BT 85.95 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 108.50 497.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 129.95 497.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 181.93 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.71 497.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 220.36 497.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 272.34 497.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 294.90 497.10 Td (during ) Tj ET Q q 0 0 0 rg BT 322.45 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.12 497.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 388.09 497.10 Td (period ) Tj ET Q q 0 0 0 rg BT 415.09 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.87 497.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 467.42 497.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 488.87 497.10 Td (through ) Tj ET Q q 0 0 0 rg BT 521.43 497.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.03 485.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 89.89 485.10 Td (After ) Tj ET Q q 0 0 0 rg BT 114.02 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.27 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.18 485.10 Td (files ) Tj ET Q q 0 0 0 rg BT 191.43 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.24 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.48 485.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 248.85 485.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.66 485.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 293.13 485.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 323.38 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.41 485.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.11 485.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.69 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.38 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.63 485.10 Td (year ) Tj ET Q q 0 0 0 rg BT 434.86 485.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 465.11 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 509.22 485.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.75 485.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 550.28 485.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.56 473.10 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.28 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.12 473.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 220.38 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.88 473.10 Td (level ) Tj ET Q q 0 0 0 rg BT 258.60 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.22 473.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 324.03 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.64 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.14 473.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 404.95 473.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 429.34 473.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 448.17 473.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.61 473.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 475.17 473.10 Td (A) Tj ET Q q 0 0 0 rg BT 481.47 473.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 504.74 473.10 Td (Determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.38 461.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 80.17 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 88.91 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 114.87 461.10 Td (time ) Tj ET Q q 0 0 0 rg BT 134.16 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 461.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 192.19 461.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 240.36 461.10 Td (may ) Tj ET Q q 0 0 0 rg BT 259.10 461.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 277.83 461.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.67 461.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.88 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.40 461.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.36 461.10 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.86 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.38 461.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 387.89 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.75 461.10 Td (common ) Tj ET Q q 0 0 0 rg BT 434.26 461.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.90 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.08 461.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.92 461.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 511.44 461.10 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 449.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.79 449.10 Td (. ) Tj ET Q q 0 0 0 rg BT 81.01 449.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 110.39 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.44 449.10 Td (common ) Tj ET Q q 0 0 0 rg BT 159.15 449.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 182.97 449.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 214.84 449.10 Td (if ) Tj ET Q q 0 0 0 rg BT 223.66 449.10 Td (any) Tj ET Q q 0 0 0 rg BT 237.45 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.67 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 260.94 449.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.10 449.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 300.82 449.10 Td (after ) Tj ET Q q 0 0 0 rg BT 321.85 449.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.78 449.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 358.90 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 365.20 449.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 387.91 449.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 448.39 449.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.26 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.98 449.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.48 449.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.81 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.52 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.57 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.51 449.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.05 437.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 76.92 437.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 98.69 437.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 134.34 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.55 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.53 437.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 206.84 437.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.60 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.15 437.10 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.03 437.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.13 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 292.90 437.10 Td (each ) Tj ET Q q 0 0 0 rg BT 312.98 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.08 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.07 437.10 Td (first ) Tj ET Q q 0 0 0 rg BT 354.94 437.10 Td (three ) Tj ET Q q 0 0 0 rg BT 376.70 437.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 431.22 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.32 437.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.31 437.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 476.68 437.10 Td (A) Tj ET Q q 0 0 0 rg BT 482.99 437.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 504.75 437.10 Td (Determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.38 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.38 425.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 104.20 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.48 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.20 425.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 175.58 425.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 228.07 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.90 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.62 425.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 298.88 425.10 Td (through ) Tj ET Q q 0 0 0 rg BT 332.49 425.10 Td (such ) Tj ET Q q 0 0 0 rg BT 353.32 425.10 Td (dates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 398.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 97.47 398.80 Td (A) Tj ET Q q 0 0 0 rg BT 103.03 398.80 Td (war) Tj ET Q q 0 0 0 rg BT 118.22 398.80 Td (ds ) Tj ET Q q 0 0 0 rg BT 129.61 398.80 Td (Issued ) Tj ET Q q 0 0 0 rg BT 157.67 398.80 Td (to ) Tj ET Q q 0 0 0 rg BT 167.94 398.80 Td (Non-employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 377.80 Td (During ) Tj ET Q q 0 0 0 rg BT 103.54 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 117.47 377.80 Td (year ) Tj ET Q q 0 0 0 rg BT 136.40 377.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 161.99 377.80 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.78 377.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.78 377.80 Td (, ) Tj ET Q q 0 0 0 rg BT 244.00 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 257.93 377.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 298.53 377.80 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.23 377.80 Td (5,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.73 377.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.44 377.80 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.90 377.80 Td (s ) Tj ET Q q 0 0 0 rg BT 379.50 377.80 Td (to ) Tj ET Q q 0 0 0 rg BT 388.99 377.80 Td (individual ) Tj ET Q q 0 0 0 rg BT 431.26 377.80 Td (consultants ) Tj ET Q q 0 0 0 rg BT 477.97 377.80 Td (at ) Tj ET Q q 0 0 0 rg BT 486.90 377.80 Td (a ) Tj ET Q q 0 0 0 rg BT 493.05 377.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.42 377.80 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.80 Td (grant ) Tj ET Q q 0 0 0 rg BT 72.75 365.80 Td (date ) Tj ET Q q 0 0 0 rg BT 92.10 365.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.68 365.80 Td (value ) Tj ET Q q 0 0 0 rg BT 133.04 365.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.07 365.80 Td ($25.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.57 365.80 Td ( ) Tj ET Q q 0 0 0 rg BT 174.27 365.80 Td (per ) Tj ET Q q 0 0 0 rg BT 189.73 365.80 Td (share. ) Tj ET Q q 0 0 0 rg BT 216.03 365.80 Td (During ) Tj ET Q q 0 0 0 rg BT 247.06 365.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.98 365.80 Td (year ) Tj ET Q q 0 0 0 rg BT 281.89 365.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.46 365.80 Td ( ) Tj ET Q q 0 0 0 rg BT 311.17 365.80 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.95 365.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.95 365.80 Td (, ) Tj ET Q q 0 0 0 rg BT 395.15 365.80 Td (the ) Tj ET Q q 0 0 0 rg BT 410.07 365.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 451.65 365.80 Td (granted ) Tj ET Q q 0 0 0 rg BT 484.34 365.80 Td (options ) Tj ET Q q 0 0 0 rg BT 516.49 365.80 Td (to ) Tj ET Q q 0 0 0 rg BT 526.97 365.80 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.80 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 353.80 Td (6,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.26 353.80 Td ( ) Tj ET Q q 0 0 0 rg BT 134.76 353.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.25 353.80 Td (of ) Tj ET Q q 0 0 0 rg BT 173.08 353.80 Td (common ) Tj ET Q q 0 0 0 rg BT 210.57 353.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 234.18 353.80 Td (to ) Tj ET Q q 0 0 0 rg BT 244.46 353.80 Td (individual ) Tj ET Q q 0 0 0 rg BT 287.51 353.80 Td (consultants ) Tj ET Q q 0 0 0 rg BT 335.01 353.80 Td (at ) Tj ET Q q 0 0 0 rg BT 344.72 353.80 Td (a ) Tj ET Q q 0 0 0 rg BT 351.66 353.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 390.82 353.80 Td (average ) Tj ET Q q 0 0 0 rg BT 424.40 353.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 459.66 353.80 Td (price ) Tj ET Q q 0 0 0 rg BT 482.14 353.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.97 353.80 Td ($28.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.47 353.80 Td ( ) Tj ET Q q 0 0 0 rg BT 522.97 353.80 Td (per ) Tj ET Q q 0 0 0 rg BT 538.24 353.80 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 332.80 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.55 332.80 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.01 332.80 Td (s ) Tj ET Q q 0 0 0 rg BT 117.41 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.35 332.80 Td (options ) Tj ET Q q 0 0 0 rg BT 166.31 332.80 Td (were ) Tj ET Q q 0 0 0 rg BT 188.24 332.80 Td (granted ) Tj ET Q q 0 0 0 rg BT 220.74 332.80 Td (in ) Tj ET Q q 0 0 0 rg BT 231.02 332.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 271.28 332.80 Td (for ) Tj ET Q q 0 0 0 rg BT 285.45 332.80 Td (consulting ) Tj ET Q q 0 0 0 rg BT 329.62 332.80 Td (services. ) Tj ET Q q 0 0 0 rg BT 366.66 332.80 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.71 332.80 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.16 332.80 Td (s ) Tj ET Q q 0 0 0 rg BT 410.56 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 427.51 332.80 Td (options ) Tj ET Q q 0 0 0 rg BT 459.46 332.80 Td (each ) Tj ET Q q 0 0 0 rg BT 480.29 332.80 Td (vest ) Tj ET Q q 0 0 0 rg BT 498.90 332.80 Td (over ) Tj ET Q q 0 0 0 rg BT 519.18 332.80 Td (a ) Tj ET Q q 0 0 0 rg BT 526.12 332.80 Td (period ) Tj ET Q q 0 0 0 rg BT 554.18 332.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.80 Td (two ) Tj ET Q q 0 0 0 rg BT 67.10 320.80 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.20 320.80 Td (. ) Tj ET Q q 0 0 0 rg BT 93.11 320.80 Td (These ) Tj ET Q q 0 0 0 rg BT 119.59 320.80 Td (awards ) Tj ET Q q 0 0 0 rg BT 150.51 320.80 Td (were ) Tj ET Q q 0 0 0 rg BT 172.54 320.80 Td (granted ) Tj ET Q q 0 0 0 rg BT 205.13 320.80 Td (under ) Tj ET Q q 0 0 0 rg BT 230.50 320.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.32 320.80 Td (201) Tj ET Q q 0 0 0 rg BT 259.95 320.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 267.55 320.80 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.33 320.80 Td ( ) Tj ET Q q 0 0 0 rg BT 287.93 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 304.97 320.80 Td (are ) Tj ET Q q 0 0 0 rg BT 319.78 320.80 Td (included ) Tj ET Q q 0 0 0 rg BT 356.81 320.80 Td (in ) Tj ET Q q 0 0 0 rg BT 367.19 320.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.01 320.80 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.47 320.80 Td ( ) Tj ET Q q 0 0 0 rg BT 404.07 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 421.11 320.80 Td (option ) Tj ET Q q 0 0 0 rg BT 449.27 320.80 Td (tables ) Tj ET Q q 0 0 0 rg BT 475.19 320.80 Td (above. ) Tj ET Q q 0 0 0 rg BT 503.98 320.80 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.13 320.80 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.58 320.80 Td (s ) Tj ET Q q 0 0 0 rg BT 548.08 320.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.80 Td (options ) Tj ET Q q 0 0 0 rg BT 81.60 308.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 109.25 308.80 Td (to ) Tj ET Q q 0 0 0 rg BT 119.67 308.80 Td (consultants ) Tj ET Q q 0 0 0 rg BT 167.32 308.80 Td (are ) Tj ET Q q 0 0 0 rg BT 182.17 308.80 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 230.91 308.80 Td (to ) Tj ET Q q 0 0 0 rg BT 241.33 308.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 257.86 308.80 Td (value ) Tj ET Q q 0 0 0 rg BT 282.16 308.80 Td (at ) Tj ET Q q 0 0 0 rg BT 292.03 308.80 Td (the ) Tj ET Q q 0 0 0 rg BT 306.90 308.80 Td (end ) Tj ET Q q 0 0 0 rg BT 323.98 308.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.96 308.80 Td (each ) Tj ET Q q 0 0 0 rg BT 355.93 308.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 402.45 308.80 Td (period. ) Tj ET Q q 0 0 0 rg BT 432.95 308.80 Td (The ) Tj ET Q q 0 0 0 rg BT 451.15 308.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 492.68 308.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 530.31 308.80 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.80 Td (related ) Tj ET Q q 0 0 0 rg BT 78.54 296.80 Td (to ) Tj ET Q q 0 0 0 rg BT 88.15 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 102.20 296.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 137.91 296.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.07 296.80 Td (RSU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 296.80 Td (s ) Tj ET Q q 0 0 0 rg BT 173.25 296.80 Td (and ) Tj ET Q q 0 0 0 rg BT 189.52 296.80 Td (options ) Tj ET Q q 0 0 0 rg BT 220.80 296.80 Td (to ) Tj ET Q q 0 0 0 rg BT 230.42 296.80 Td (consultants ) Tj ET Q q 0 0 0 rg BT 277.24 296.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.41 296.80 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 306.74 296.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.63 296.80 Td ( ) Tj ET Q q 0 0 0 rg BT 337.47 296.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.74 296.80 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 373.07 296.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.96 296.80 Td ( ) Tj ET Q q 0 0 0 rg BT 403.80 296.80 Td (in ) Tj ET Q q 0 0 0 rg BT 413.41 296.80 Td (each ) Tj ET Q q 0 0 0 rg BT 433.56 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 443.72 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 457.77 296.80 Td (years ) Tj ET Q q 0 0 0 rg BT 480.70 296.80 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.41 296.80 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 284.80 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 284.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 284.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 284.80 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 258.50 Td (Employee ) Tj ET Q q 0 0 0 rg BT 104.54 258.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.82 258.50 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 171.21 258.50 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 242.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 100.54 242.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 242.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.49 242.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.03 242.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 181.62 242.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 227.43 242.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.69 242.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 284.05 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.88 242.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 333.46 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.73 242.10 Td (Company) Tj ET Q q 0 0 0 rg BT 390.39 242.10 Td (s ) Tj ET Q q 0 0 0 rg BT 397.33 242.10 Td (common ) Tj ET Q q 0 0 0 rg BT 435.37 242.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 459.53 242.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.79 242.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.12 242.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.17 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.54 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.81 242.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.73 242.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.49 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.16 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.72 230.10 Td (common ) Tj ET Q q 0 0 0 rg BT 136.05 230.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 159.50 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.16 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.83 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.39 230.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 261.03 230.10 Td (date ) Tj ET Q q 0 0 0 rg BT 280.02 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.69 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.25 230.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.39 230.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 339.61 230.10 Td (period ) Tj ET Q q 0 0 0 rg BT 367.49 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.16 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.83 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.50 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.05 230.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 452.48 230.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 490.36 230.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 511.85 230.10 Td (whichever ) Tj ET Q q 0 0 0 rg BT 555.84 230.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (lower) Tj ET Q q 0 0 0 rg BT 71.72 218.10 Td (. ) Tj ET Q q 0 0 0 rg BT 77.74 218.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.08 218.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 218.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.30 218.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.76 218.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 168.65 218.10 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 228.54 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.77 218.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 297.78 218.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 357.11 218.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.58 218.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 415.24 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.81 218.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 475.57 218.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.30 218.10 Td (ASC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.76 218.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.55 218.10 Td (718) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 534.55 218.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.85 218.10 Td (Stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 189.70 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.79 189.70 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.21 189.70 Td ( ) Tj ET Q q 0 0 0 rg BT 115.95 189.70 Td (is ) Tj ET Q q 0 0 0 rg BT 125.35 189.70 Td (designed ) Tj ET Q q 0 0 0 rg BT 163.64 189.70 Td (to ) Tj ET Q q 0 0 0 rg BT 174.16 189.70 Td (allow ) Tj ET Q q 0 0 0 rg BT 199.11 189.70 Td (eligible ) Tj ET Q q 0 0 0 rg BT 231.84 189.70 Td (employees ) Tj ET Q q 0 0 0 rg BT 277.34 189.70 Td (and ) Tj ET Q q 0 0 0 rg BT 294.52 189.70 Td (the ) Tj ET Q q 0 0 0 rg BT 309.47 189.70 Td (eligible ) Tj ET Q q 0 0 0 rg BT 342.20 189.70 Td (employees ) Tj ET Q q 0 0 0 rg BT 387.70 189.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.77 189.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.73 189.70 Td (Company) Tj ET Q q 0 0 0 rg BT 455.39 189.70 Td (s ) Tj ET Q q 0 0 0 rg BT 462.02 189.70 Td (participating ) Tj ET Q q 0 0 0 rg BT 515.30 189.70 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 177.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 97.82 177.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 125.31 177.70 Td (of ) Tj ET Q q 0 0 0 rg BT 136.14 177.70 Td (common ) Tj ET Q q 0 0 0 rg BT 173.63 177.70 Td (stock, ) Tj ET Q q 0 0 0 rg BT 199.74 177.70 Td (at ) Tj ET Q q 0 0 0 rg BT 209.46 177.70 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 260.83 177.70 Td (intervals, ) Tj ET Q q 0 0 0 rg BT 300.26 177.70 Td (with ) Tj ET Q q 0 0 0 rg BT 320.54 177.70 Td (their ) Tj ET Q q 0 0 0 rg BT 341.37 177.70 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 394.39 177.70 Td (payroll ) Tj ET Q q 0 0 0 rg BT 425.22 177.70 Td (deductions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 155.80 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 155.80 Td (maximum ) Tj ET Q q 0 0 0 rg BT 133.25 155.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 174.44 155.80 Td (number ) Tj ET Q q 0 0 0 rg BT 207.31 155.80 Td (of ) Tj ET Q q 0 0 0 rg BT 217.97 155.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 245.28 155.80 Td (which ) Tj ET Q q 0 0 0 rg BT 272.05 155.80 Td (may ) Tj ET Q q 0 0 0 rg BT 291.59 155.80 Td (be ) Tj ET Q q 0 0 0 rg BT 303.35 155.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 330.68 155.80 Td (over ) Tj ET Q q 0 0 0 rg BT 350.77 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.32 155.80 Td (term ) Tj ET Q q 0 0 0 rg BT 385.97 155.80 Td (of ) Tj ET Q q 0 0 0 rg BT 396.62 155.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.16 155.80 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.59 155.80 Td ( ) Tj ET Q q 0 0 0 rg BT 435.91 155.80 Td (is ) Tj ET Q q 0 0 0 rg BT 444.91 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 459.45 155.80 Td (sum ) Tj ET Q q 0 0 0 rg BT 478.45 155.80 Td (of ) Tj ET Q q 0 0 0 rg BT 489.10 155.80 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.70 155.80 Td (666,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.20 155.80 Td ( ) Tj ET Q q 0 0 0 rg BT 537.53 155.80 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.80 Td (of ) Tj ET Q q 0 0 0 rg BT 60.11 143.80 Td (common ) Tj ET Q q 0 0 0 rg BT 97.39 143.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.79 143.80 Td (and ) Tj ET Q q 0 0 0 rg BT 137.51 143.80 Td (\(b\)an ) Tj ET Q q 0 0 0 rg BT 163.39 143.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 192.33 143.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 227.37 143.80 Td (on ) Tj ET Q q 0 0 0 rg BT 239.65 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.15 143.80 Td (first ) Tj ET Q q 0 0 0 rg BT 272.55 143.80 Td (day ) Tj ET Q q 0 0 0 rg BT 289.27 143.80 Td (of ) Tj ET Q q 0 0 0 rg BT 299.88 143.80 Td (each ) Tj ET Q q 0 0 0 rg BT 320.48 143.80 Td (year ) Tj ET Q q 0 0 0 rg BT 339.97 143.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 382.25 143.80 Td (in ) Tj ET Q q 0 0 0 rg BT 392.32 143.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 414.60 143.80 Td (and ) Tj ET Q q 0 0 0 rg BT 431.32 143.80 Td (ending ) Tj ET Q q 0 0 0 rg BT 460.82 143.80 Td (in ) Tj ET Q q 0 0 0 rg BT 470.89 143.80 Td (2021, ) Tj ET Q q 0 0 0 rg BT 495.67 143.80 Td (equal ) Tj ET Q q 0 0 0 rg BT 519.61 143.80 Td (to ) Tj ET Q q 0 0 0 rg BT 529.67 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 143.80 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 131.80 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.69 131.80 Td (1,666,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.69 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 115.61 131.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 143.52 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 154.77 131.80 Td (common ) Tj ET Q q 0 0 0 rg BT 192.69 131.80 Td (stock, ) Tj ET Q q 0 0 0 rg BT 219.22 131.80 Td (\(ii\)one ) Tj ET Q q 0 0 0 rg BT 251.30 131.80 Td (percent ) Tj ET Q q 0 0 0 rg BT 283.64 131.80 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.97 131.80 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.30 131.80 Td (\)of ) Tj ET Q q 0 0 0 rg BT 317.38 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 332.52 131.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 360.43 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 371.69 131.80 Td (common ) Tj ET Q q 0 0 0 rg BT 409.60 131.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 433.63 131.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 483.22 131.80 Td (\(on ) Tj ET Q q 0 0 0 rg BT 499.47 131.80 Td (an ) Tj ET Q q 0 0 0 rg BT 511.83 131.80 Td (as ) Tj ET Q q 0 0 0 rg BT 523.08 131.80 Td (converted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.80 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 74.21 119.80 Td (on ) Tj ET Q q 0 0 0 rg BT 85.59 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.19 119.80 Td (last ) Tj ET Q q 0 0 0 rg BT 114.46 119.80 Td (day ) Tj ET Q q 0 0 0 rg BT 130.28 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 139.99 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.59 119.80 Td (immediately ) Tj ET Q q 0 0 0 rg BT 204.96 119.80 Td (preceding ) Tj ET Q q 0 0 0 rg BT 245.76 119.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 268.80 119.80 Td (year ) Tj ET Q q 0 0 0 rg BT 287.39 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 303.21 119.80 Td (\(iii\)such ) Tj ET Q q 0 0 0 rg BT 340.42 119.80 Td (smaller ) Tj ET Q q 0 0 0 rg BT 371.23 119.80 Td (number ) Tj ET Q q 0 0 0 rg BT 403.16 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 412.87 119.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.25 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 448.96 119.80 Td (common ) Tj ET Q q 0 0 0 rg BT 485.33 119.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 507.83 119.80 Td (as ) Tj ET Q q 0 0 0 rg BT 517.54 119.80 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.80 Td (by ) Tj ET Q q 0 0 0 rg BT 62.58 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 77.87 107.80 Td (board ) Tj ET Q q 0 0 0 rg BT 103.71 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 115.12 107.80 Td (directors, ) Tj ET Q q 0 0 0 rg BT 155.68 107.80 Td (which ) Tj ET Q q 0 0 0 rg BT 183.20 107.80 Td (may ) Tj ET Q q 0 0 0 rg BT 203.49 107.80 Td (be ) Tj ET Q q 0 0 0 rg BT 216.00 107.80 Td (either ) Tj ET Q q 0 0 0 rg BT 241.84 107.80 Td (authorized ) Tj ET Q q 0 0 0 rg BT 287.12 107.80 Td (but ) Tj ET Q q 0 0 0 rg BT 302.98 107.80 Td (unissued ) Tj ET Q q 0 0 0 rg BT 341.05 107.80 Td (common ) Tj ET Q q 0 0 0 rg BT 379.12 107.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 403.31 107.80 Td (or ) Tj ET Q q 0 0 0 rg BT 414.71 107.80 Td (reacquired ) Tj ET Q q 0 0 0 rg BT 459.98 107.80 Td (common ) Tj ET Q q 0 0 0 rg BT 498.05 107.80 Td (stock, ) Tj ET Q q 0 0 0 rg BT 524.74 107.80 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.72 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 87.28 95.80 Td (common ) Tj ET Q q 0 0 0 rg BT 124.51 95.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 147.85 95.80 Td (purchased ) Tj ET Q q 0 0 0 rg BT 190.61 95.80 Td (on ) Tj ET Q q 0 0 0 rg BT 202.84 95.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.29 95.80 Td (open ) Tj ET Q q 0 0 0 rg BT 238.96 95.80 Td (market. ) Tj ET Q q 0 0 0 rg BT 271.45 95.80 Td (In ) Tj ET Q q 0 0 0 rg BT 282.01 95.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 319.52 95.80 Td (no ) Tj ET Q q 0 0 0 rg BT 331.75 95.80 Td (participant ) Tj ET Q q 0 0 0 rg BT 376.74 95.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 397.86 95.80 Td (be ) Tj ET Q q 0 0 0 rg BT 409.52 95.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 450.08 95.80 Td (to ) Tj ET Q q 0 0 0 rg BT 460.08 95.80 Td (participate ) Tj ET Q q 0 0 0 rg BT 504.51 95.80 Td (in ) Tj ET Q q 0 0 0 rg BT 514.52 95.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.97 95.80 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.39 95.80 Td ( ) Tj ET Q q 0 0 0 rg BT 553.62 95.80 Td (if: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.80 Td (\(i\)immediately ) Tj ET Q q 0 0 0 rg BT 113.28 83.80 Td (after ) Tj ET Q q 0 0 0 rg BT 133.45 83.80 Td (his ) Tj ET Q q 0 0 0 rg BT 146.97 83.80 Td (or ) Tj ET Q q 0 0 0 rg BT 157.15 83.80 Td (her ) Tj ET Q q 0 0 0 rg BT 171.77 83.80 Td (election ) Tj ET Q q 0 0 0 rg BT 205.28 83.80 Td (to ) Tj ET Q q 0 0 0 rg BT 214.91 83.80 Td (participate, ) Tj ET Q q 0 0 0 rg BT 261.46 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.53 83.80 Td (participant ) Tj ET Q q 0 0 0 rg BT 320.14 83.80 Td (would ) Tj ET Q q 0 0 0 rg BT 346.99 83.80 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.17 83.80 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 83.80 Td ( ) Tj ET Q q 0 0 0 rg BT 392.35 83.80 Td (or ) Tj ET Q q 0 0 0 rg BT 402.54 83.80 Td (more ) Tj ET Q q 0 0 0 rg BT 424.94 83.80 Td (of ) Tj ET Q q 0 0 0 rg BT 435.12 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 449.19 83.80 Td (total ) Tj ET Q q 0 0 0 rg BT 468.82 83.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 510.10 83.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 537.51 83.80 Td (power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.80 Td (or ) Tj ET Q q 0 0 0 rg BT 60.81 71.80 Td (value ) Tj ET Q q 0 0 0 rg BT 85.45 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.76 71.80 Td (all ) Tj ET Q q 0 0 0 rg BT 109.73 71.80 Td (classes ) Tj ET Q q 0 0 0 rg BT 140.48 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 151.79 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.99 71.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 191.07 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 202.38 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.58 71.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.45 71.80 Td (or ) Tj ET Q q 0 0 0 rg BT 270.76 71.80 Td (any ) Tj ET Q q 0 0 0 rg BT 288.18 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 299.49 71.80 Td (its ) Tj ET Q q 0 0 0 rg BT 311.91 71.80 Td (af) Tj ET Q q 0 0 0 rg BT 319.50 71.80 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 352.19 71.80 Td (or ) Tj ET Q q 0 0 0 rg BT 363.50 71.80 Td (\(ii\)under ) Tj ET Q q 0 0 0 rg BT 403.97 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.17 71.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 444.36 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 455.67 71.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.87 71.80 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.55 71.80 Td (, ) Tj ET Q q 0 0 0 rg BT 498.03 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 513.23 71.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 538.99 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 71.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.80 Td (participant ) Tj ET Q q 0 0 0 rg BT 94.40 59.80 Td (to ) Tj ET Q q 0 0 0 rg BT 104.32 59.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 142.00 59.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.37 59.80 Td (Company) Tj ET Q q 0 0 0 rg BT 198.03 59.80 Td (s ) Tj ET Q q 0 0 0 rg BT 204.07 59.80 Td (common ) Tj ET Q q 0 0 0 rg BT 241.20 59.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 264.46 59.80 Td (under ) Tj ET Q q 0 0 0 rg BT 289.37 59.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.73 59.80 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 59.80 Td ( ) Tj ET Q q 0 0 0 rg BT 328.29 59.80 Td (and ) Tj ET Q q 0 0 0 rg BT 344.88 59.80 Td (all ) Tj ET Q q 0 0 0 rg BT 357.01 59.80 Td (of ) Tj ET Q q 0 0 0 rg BT 367.49 59.80 Td (its ) Tj ET Q q 0 0 0 rg BT 379.08 59.80 Td (other ) Tj ET Q q 0 0 0 rg BT 401.77 59.80 Td (qualified ) Tj ET Q q 0 0 0 rg BT 439.46 59.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 480.47 59.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 503.72 59.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 541.40 59.80 Td (plans ) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.27 740.10 Td (those ) Tj ET Q q 0 0 0 rg BT 83.82 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.59 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.24 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 150.91 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 157.24 740.10 Td (af) Tj ET Q q 0 0 0 rg BT 164.82 740.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 194.48 740.10 Td (would ) Tj ET Q q 0 0 0 rg BT 221.91 740.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 250.44 740.10 Td (at ) Tj ET Q q 0 0 0 rg BT 260.09 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.97 740.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 284.40 740.10 Td (exceeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.37 740.10 Td ($25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.87 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.31 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.07 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 389.39 740.10 Td (market ) Tj ET Q q 0 0 0 rg BT 419.59 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 443.69 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.46 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.11 740.10 Td (common ) Tj ET Q q 0 0 0 rg BT 506.55 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 530.09 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 740.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 85.86 728.10 Td (year ) Tj ET Q q 0 0 0 rg BT 105.57 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.73 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.67 728.10 Td (such ) Tj ET Q q 0 0 0 rg BT 167.50 728.10 Td (right ) Tj ET Q q 0 0 0 rg BT 188.88 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.05 728.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 247.22 728.10 Td (at ) Tj ET Q q 0 0 0 rg BT 256.94 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 273.88 728.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.04 707.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 166.11 707.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 209.64 707.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 226.51 707.10 Td (value ) Tj ET Q q 0 0 0 rg BT 251.16 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.48 707.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 293.80 707.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 321.80 707.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 359.23 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.00 707.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.22 707.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.64 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.63 707.10 Td (during ) Tj ET Q q 0 0 0 rg BT 439.74 707.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.95 707.10 Td (years ) Tj ET Q q 0 0 0 rg BT 479.04 707.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.92 707.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 707.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 707.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 707.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 695.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 695.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.44 695.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.37 695.10 Td ($7.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.87 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.37 695.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.31 695.10 Td ($5.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.81 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.31 695.10 Td (per ) Tj ET Q q 0 0 0 rg BT 215.57 695.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 241.67 695.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 289.33 695.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 678.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.86 678.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.54 678.10 Td (years ) Tj ET Q q 0 0 0 rg BT 128.11 678.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.99 678.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.46 678.10 Td (December ) Tj ET Q q 0 0 0 rg BT 198.01 678.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.51 678.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.98 678.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.98 678.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.45 678.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.35 678.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.35 678.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.32 678.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 322.55 678.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.56 678.10 Td (102,1) Tj ET Q q 0 0 0 rg BT 387.69 678.10 Td (1) Tj ET Q q 0 0 0 rg BT 392.32 678.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.32 678.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.78 678.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.69 678.10 Td (109,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.19 678.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.66 678.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 479.12 678.10 Td (under ) Tj ET Q q 0 0 0 rg BT 504.35 678.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.04 678.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.46 678.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.93 678.10 Td (for ) Tj ET Q q 0 0 0 rg BT 558.06 678.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.10 Td (total ) Tj ET Q q 0 0 0 rg BT 70.63 666.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.31 666.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 103.17 666.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.06 666.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.41 666.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.21 666.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 174.06 666.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.95 666.10 Td (, ) Tj ET Q q 0 0 0 rg BT 208.81 666.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 256.47 666.10 Td (. ) Tj ET Q q 0 0 0 rg BT 261.58 666.10 Td (As ) Tj ET Q q 0 0 0 rg BT 276.05 666.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.73 666.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.17 666.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.17 666.10 Td (, ) Tj ET Q q 0 0 0 rg BT 373.03 666.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 430.24 666.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 489.14 666.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 508.60 666.10 Td (related ) Tj ET Q q 0 0 0 rg BT 539.16 666.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 666.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.21 654.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.63 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.02 654.10 Td (period ) Tj ET Q q 0 0 0 rg BT 132.96 654.10 Td (which ) Tj ET Q q 0 0 0 rg BT 159.79 654.10 Td (ends ) Tj ET Q q 0 0 0 rg BT 180.51 654.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.90 654.10 Td (February27, ) Tj ET Q q 0 0 0 rg BT 246.39 654.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.39 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.78 654.10 Td (was ) Tj ET Q q 0 0 0 rg BT 286.73 654.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.88 654.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 366.77 654.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.66 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.05 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.88 654.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.94 654.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 461.87 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.04 654.10 Td (be ) Tj ET Q q 0 0 0 rg BT 483.87 654.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 530.12 654.10 Td (over ) Tj ET Q q 0 0 0 rg BT 550.28 654.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.22 642.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 76.72 642.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.17 642.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 615.80 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 115.11 615.80 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 177.07 615.80 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 594.80 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 594.80 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.41 594.80 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 146.11 594.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 204.15 594.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 238.86 594.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 285.22 594.80 Td (by ) Tj ET Q q 0 0 0 rg BT 297.72 594.80 Td (the ) Tj ET Q q 0 0 0 rg BT 312.44 594.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.83 594.80 Td (consisted ) Tj ET Q q 0 0 0 rg BT 393.54 594.80 Td (of:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 541.30 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 541.30 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 541.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 541.30 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 541.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 541.30 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 512.30 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 512.30 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 512.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 512.30 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 512.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 512.30 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 482.30 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 482.30 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 482.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 482.30 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 482.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 482.30 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 569.3 m 449 569.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 569.3 m 453 569.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 569.3 m 506 569.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 569.3 m 510 569.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 569.3 m 563 569.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 554.3 m 449 554.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 554.3 m 506 554.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 569.3 m 563 569.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 554.3 m 563 554.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 467.3 m 449 467.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 467.3 m 506 467.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 467.3 m 563 467.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 453.3 m 449 453.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 451.3 m 449 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 453.3 m 506 453.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 451.3 m 506 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 453.3 m 563 453.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 451.3 m 563 451.3 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 573.97 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 573.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 573.53 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 558.97 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 558.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 558.53 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 558.53 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 558.53 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 545.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 545.53 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 532.03 Td (Stock-based compensation by category of expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 517.87 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 516.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 516.97 Td (1,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 516.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 516.97 Td (745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 516.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 516.97 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 502.87 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 501.97 Td (1,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 501.97 Td (1,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 501.97 Td (467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 487.87 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 486.97 Td (3,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 486.97 Td (3,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 486.97 Td (1,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 472.87 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 471.97 Td (7,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 471.97 Td (9,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 471.97 Td (4,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 456.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 456.97 Td (14,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 456.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 456.97 Td (14,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 456.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 456.97 Td (6,849) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 431.80 Td (The ) Tj ET Q q 0 0 0 rg BT 91.98 431.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.80 431.80 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.03 431.80 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 200.46 431.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.36 431.80 Td ( ) Tj ET Q q 0 0 0 rg BT 232.29 431.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 431.80 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 270.09 431.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.98 431.80 Td ( ) Tj ET Q q 0 0 0 rg BT 301.91 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 313.17 431.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 337.21 431.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 395.68 431.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 418.62 431.80 Td (as ) Tj ET Q q 0 0 0 rg BT 429.88 431.80 Td (software ) Tj ET Q q 0 0 0 rg BT 467.24 431.80 Td (and ) Tj ET Q q 0 0 0 rg BT 484.61 431.80 Td (website ) Tj ET Q q 0 0 0 rg BT 518.08 431.80 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.80 Td (development ) Tj ET Q q 0 0 0 rg BT 104.20 419.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.25 419.80 Td (for ) Tj ET Q q 0 0 0 rg BT 141.96 419.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.22 419.80 Td (years ) Tj ET Q q 0 0 0 rg BT 181.37 419.80 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.24 419.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.29 419.80 Td (December ) Tj ET Q q 0 0 0 rg BT 252.43 419.80 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.93 419.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.97 419.80 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.97 419.80 Td ( ) Tj ET Q q 0 0 0 rg BT 291.02 419.80 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.51 419.80 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.51 419.80 Td (, ) Tj ET Q q 0 0 0 rg BT 334.06 419.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 381.72 419.80 Td (. ) Tj ET Q q 0 0 0 rg BT 387.05 419.80 Td (The ) Tj ET Q q 0 0 0 rg BT 405.64 419.80 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.58 419.80 Td (did ) Tj ET Q q 0 0 0 rg BT 463.40 419.80 Td (not ) Tj ET Q q 0 0 0 rg BT 479.23 419.80 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 520.58 419.80 Td (any ) Tj ET Q q 0 0 0 rg BT 538.07 419.80 Td (stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.80 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 407.80 Td (compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.31 407.80 Td ( ) Tj ET Q q 0 0 0 rg BT 132.81 407.80 Td (for ) Tj ET Q q 0 0 0 rg BT 146.97 407.80 Td (the ) Tj ET Q q 0 0 0 rg BT 161.69 407.80 Td (year ) Tj ET Q q 0 0 0 rg BT 181.39 407.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 207.77 407.80 Td (December ) Tj ET Q q 0 0 0 rg BT 251.36 407.80 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.36 407.80 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.36 407.80 Td ( ) Tj ET Q q 0 0 0 rg BT 288.86 407.80 Td (as ) Tj ET Q q 0 0 0 rg BT 299.69 407.80 Td (such ) Tj ET Q q 0 0 0 rg BT 320.52 407.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 356.90 407.80 Td (were ) Tj ET Q q 0 0 0 rg BT 378.83 407.80 Td (insignificant.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 381.50 Td (V) Tj ET Q q 0 0 0 rg BT 67.06 381.50 Td (aluation ) Tj ET Q q 0 0 0 rg BT 104.02 381.50 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 360.50 Td (The ) Tj ET Q q 0 0 0 rg BT 91.99 360.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.81 360.50 Td (value ) Tj ET Q q 0 0 0 rg BT 133.41 360.50 Td (of ) Tj ET Q q 0 0 0 rg BT 144.68 360.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 168.73 360.50 Td (options ) Tj ET Q q 0 0 0 rg BT 201.13 360.50 Td (and ) Tj ET Q q 0 0 0 rg BT 218.51 360.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.56 360.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 281.04 360.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.76 360.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.69 360.50 Td (under ) Tj ET Q q 0 0 0 rg BT 365.40 360.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.56 360.50 Td (2009 ) Tj ET Q q 0 0 0 rg BT 403.51 360.50 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.28 360.50 Td (, ) Tj ET Q q 0 0 0 rg BT 426.73 360.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.89 360.50 Td (201) Tj ET Q q 0 0 0 rg BT 456.52 360.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 464.46 360.50 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.24 360.50 Td ( ) Tj ET Q q 0 0 0 rg BT 485.18 360.50 Td (and ) Tj ET Q q 0 0 0 rg BT 502.56 360.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.72 360.50 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 360.50 Td ( ) Tj ET Q q 0 0 0 rg BT 543.09 360.50 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.26 348.50 Td (at ) Tj ET Q q 0 0 0 rg BT 99.92 348.50 Td (the ) Tj ET Q q 0 0 0 rg BT 114.57 348.50 Td (date ) Tj ET Q q 0 0 0 rg BT 133.67 348.50 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 348.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 167.42 348.50 Td (using ) Tj ET Q q 0 0 0 rg BT 191.53 348.50 Td (the ) Tj ET Q q 0 0 0 rg BT 206.18 348.50 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 266.39 348.50 Td (option ) Tj ET Q q 0 0 0 rg BT 294.38 348.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 334.03 348.50 Td (model ) Tj ET Q q 0 0 0 rg BT 361.47 348.50 Td (with ) Tj ET Q q 0 0 0 rg BT 381.69 348.50 Td (the ) Tj ET Q q 0 0 0 rg BT 396.34 348.50 Td (following ) Tj ET Q q 0 0 0 rg BT 437.67 348.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 476.76 348.50 Td (average ) Tj ET Q q 0 0 0 rg BT 510.28 348.50 Td (assumptions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 308.00 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 308.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 308.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 308.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 308.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 308.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 308.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 308.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 308.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.00 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 278.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 278.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 278.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 278.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 278.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 278.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 278.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 278.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 248.00 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 248.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 248.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 248.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 248.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 248.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 248.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 248.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 248.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 218.00 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 218.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 218.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 218.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 218.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 218.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 218.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 218.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 218.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 188.00 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 188.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 188.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 188.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 188.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 188.00 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 188.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 188.00 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 188.00 13.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 323 m 420 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 323 m 433 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 323 m 437 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 323 m 485 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 323 m 498 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 323 m 502 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 323 m 550 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 323 m 563 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 308 m 420 308 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 308 m 485 308 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 323 m 550 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 308 m 550 308 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 323 m 563 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 308 m 563 308 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 327.67 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 327.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.10 327.23 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 312.67 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 312.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.50 312.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 312.23 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.50 312.23 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.57 Td (Stock option plans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 283.57 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 282.67 Td (1.55-2.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 282.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 282.67 Td (0.95-1.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 282.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 282.67 Td (0.74-1.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 282.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 268.57 Td (Expected life of options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 267.67 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 267.67 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 267.67 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 253.57 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 252.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 252.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 252.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 238.57 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 237.67 Td (49-53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 237.67 Td (50-52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 237.67 Td (52-59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 223.57 Td (Employee Stock Purchase Plan:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 208.57 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 207.67 Td (0.05-0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 207.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 207.67 Td (0.05-0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 207.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 207.67 Td (0.13-0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 207.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 193.57 Td (Expected life of options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 192.67 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 192.67 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 192.67 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 178.57 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 177.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 177.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 177.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 177.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 177.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 177.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 163.57 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 162.67 Td (38-39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 162.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 162.67 Td (36-37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 162.67 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.50 162.46 Td (37-47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 162.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 136.60 Td (Due ) Tj ET Q q 0 0 0 rg BT 91.90 136.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.43 136.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.39 136.60 Td (Company) Tj ET Q q 0 0 0 rg BT 159.05 136.60 Td (s ) Tj ET Q q 0 0 0 rg BT 165.69 136.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 196.76 136.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 227.83 136.60 Td (history ) Tj ET Q q 0 0 0 rg BT 258.35 136.60 Td (as ) Tj ET Q q 0 0 0 rg BT 269.43 136.60 Td (a ) Tj ET Q q 0 0 0 rg BT 276.61 136.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 312.13 136.60 Td (held ) Tj ET Q q 0 0 0 rg BT 332.09 136.60 Td (company) Tj ET Q q 0 0 0 rg BT 368.10 136.60 Td (, ) Tj ET Q q 0 0 0 rg BT 373.34 136.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.30 136.60 Td (simplified ) Tj ET Q q 0 0 0 rg BT 431.60 136.60 Td (method ) Tj ET Q q 0 0 0 rg BT 464.34 136.60 Td (was ) Tj ET Q q 0 0 0 rg BT 482.63 136.60 Td (used ) Tj ET Q q 0 0 0 rg BT 503.71 136.60 Td (to ) Tj ET Q q 0 0 0 rg BT 514.23 136.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 550.29 136.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 88.07 124.60 Td (term ) Tj ET Q q 0 0 0 rg BT 109.43 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 120.80 124.60 Td (options ) Tj ET Q q 0 0 0 rg BT 153.29 124.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 186.31 124.60 Td (by ) Tj ET Q q 0 0 0 rg BT 199.35 124.60 Td (taking ) Tj ET Q q 0 0 0 rg BT 227.39 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.64 124.60 Td (average ) Tj ET Q q 0 0 0 rg BT 276.76 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.13 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.39 124.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 335.31 124.60 Td (term ) Tj ET Q q 0 0 0 rg BT 356.68 124.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.15 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.41 124.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 436.87 124.60 Td (term ) Tj ET Q q 0 0 0 rg BT 458.23 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.60 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.85 124.60 Td (option. ) Tj ET Q q 0 0 0 rg BT 515.73 124.60 Td (T) Tj ET Q q 0 0 0 rg BT 521.14 124.60 Td (o ) Tj ET Q q 0 0 0 rg BT 529.18 124.60 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 84.96 112.60 Td (, ) Tj ET Q q 0 0 0 rg BT 90.37 112.60 Td (management ) Tj ET Q q 0 0 0 rg BT 144.36 112.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 185.59 112.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.93 112.60 Td (group ) Tj ET Q q 0 0 0 rg BT 219.17 112.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.41 112.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 266.09 112.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 293.98 112.60 Td (peer ) Tj ET Q q 0 0 0 rg BT 314.09 112.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 359.76 112.60 Td (that ) Tj ET Q q 0 0 0 rg BT 377.67 112.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 410.00 112.60 Td (in ) Tj ET Q q 0 0 0 rg BT 420.68 112.60 Td (a ) Tj ET Q q 0 0 0 rg BT 428.03 112.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 458.71 112.60 Td (industry) Tj ET Q q 0 0 0 rg BT 490.84 112.60 Td (. ) Tj ET Q q 0 0 0 rg BT 495.60 112.60 Td (An ) Tj ET Q q 0 0 0 rg BT 510.73 112.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 546.96 112.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.03 100.60 Td (based ) Tj ET Q q 0 0 0 rg BT 122.35 100.60 Td (on ) Tj ET Q q 0 0 0 rg BT 134.91 100.60 Td (a ) Tj ET Q q 0 0 0 rg BT 141.90 100.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 181.11 100.60 Td (average ) Tj ET Q q 0 0 0 rg BT 214.74 100.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.63 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.40 100.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 280.16 100.60 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 324.93 100.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.81 100.60 Td (these ) Tj ET Q q 0 0 0 rg BT 358.91 100.60 Td (peer ) Tj ET Q q 0 0 0 rg BT 378.67 100.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 423.99 100.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.98 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.75 100.60 Td (Company) Tj ET Q q 0 0 0 rg BT 497.41 100.60 Td (s ) Tj ET Q q 0 0 0 rg BT 503.86 100.60 Td (common ) Tj ET Q q 0 0 0 rg BT 541.41 100.60 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.60 Td (during ) Tj ET Q q 0 0 0 rg BT 78.76 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.14 88.60 Td (period ) Tj ET Q q 0 0 0 rg BT 122.84 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.33 88.60 Td (time ) Tj ET Q q 0 0 0 rg BT 155.25 88.60 Td (since ) Tj ET Q q 0 0 0 rg BT 178.96 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.33 88.60 Td (Company) Tj ET Q q 0 0 0 rg BT 235.99 88.60 Td (s ) Tj ET Q q 0 0 0 rg BT 243.04 88.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 269.53 88.60 Td (public ) Tj ET Q q 0 0 0 rg BT 297.68 88.60 Td (of) Tj ET Q q 0 0 0 rg BT 305.83 88.60 Td (fering. ) Tj ET Q q 0 0 0 rg BT 335.13 88.60 Td (The ) Tj ET Q q 0 0 0 rg BT 353.83 88.60 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 390.86 88.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 423.45 88.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 441.59 88.60 Td (used ) Tj ET Q q 0 0 0 rg BT 463.07 88.60 Td (was ) Tj ET Q q 0 0 0 rg BT 481.78 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.15 88.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 530.30 88.60 Td (Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.60 Td (Bank) Tj ET Q q 0 0 0 rg BT 73.39 76.60 Td (s ) Tj ET Q q 0 0 0 rg BT 79.31 76.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 114.68 76.60 Td (maturities ) Tj ET Q q 0 0 0 rg BT 156.70 76.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.17 76.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 205.19 76.60 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 265.54 76.60 Td (with ) Tj ET Q q 0 0 0 rg BT 285.35 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.61 76.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 337.18 76.60 Td (life ) Tj ET Q q 0 0 0 rg BT 352.54 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.90 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.16 76.60 Td (options. ) Tj ET Q q 0 0 0 rg BT 410.99 76.60 Td (The ) Tj ET Q q 0 0 0 rg BT 428.58 76.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 466.15 76.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 503.18 76.60 Td (yield ) Tj ET Q q 0 0 0 rg BT 525.21 76.60 Td (was ) Tj ET Q q 0 0 0 rg BT 542.80 76.60 Td (zero, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 64.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.43 64.60 Td (does ) Tj ET Q q 0 0 0 rg BT 137.26 64.60 Td (not ) Tj ET Q q 0 0 0 rg BT 152.54 64.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 193.91 64.60 Td (paying ) Tj ET Q q 0 0 0 rg BT 223.63 64.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.56 64.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 268.06 64.60 Td (within ) Tj ET Q q 0 0 0 rg BT 296.12 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.83 64.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 345.54 64.60 Td (time ) Tj ET Q q 0 0 0 rg BT 365.81 64.60 Td (frame.) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 740.25 Td (1) Tj ET Q q 0 0 0 rg BT 84.79 740.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.79 740.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.79 740.25 Td (Employee Benefit Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 740.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.44 723.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.73 723.85 Td (of) Tj ET Q q 0 0 0 rg BT 139.88 723.85 Td (fers ) Tj ET Q q 0 0 0 rg BT 157.27 723.85 Td (a ) Tj ET Q q 0 0 0 rg BT 164.10 723.85 Td (qualified ) Tj ET Q q 0 0 0 rg BT 202.04 723.85 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 231.10 723.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 263.48 723.85 Td (contribution ) Tj ET Q q 0 0 0 rg BT 314.76 723.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 334.38 723.85 Td (to ) Tj ET Q q 0 0 0 rg BT 344.55 723.85 Td (substantially ) Tj ET Q q 0 0 0 rg BT 397.50 723.85 Td (all ) Tj ET Q q 0 0 0 rg BT 409.89 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 420.62 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 435.23 723.85 Td (Company) Tj ET Q q 0 0 0 rg BT 476.90 723.85 Td (s ) Tj ET Q q 0 0 0 rg BT 483.19 723.85 Td (employees. ) Tj ET Q q 0 0 0 rg BT 530.85 723.85 Td (Eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 95.57 711.85 Td (may ) Tj ET Q q 0 0 0 rg BT 116.10 711.85 Td (contribute ) Tj ET Q q 0 0 0 rg BT 159.95 711.85 Td (up ) Tj ET Q q 0 0 0 rg BT 173.25 711.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.34 711.85 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.67 711.85 Td ( ) Tj ET Q q 0 0 0 rg BT 205.98 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 217.62 711.85 Td (their ) Tj ET Q q 0 0 0 rg BT 239.25 711.85 Td (pretax ) Tj ET Q q 0 0 0 rg BT 267.54 711.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 297.51 711.85 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 358.86 711.85 Td (up ) Tj ET Q q 0 0 0 rg BT 372.17 711.85 Td (to ) Tj ET Q q 0 0 0 rg BT 383.25 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.78 711.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 432.08 711.85 Td (allowed ) Tj ET Q q 0 0 0 rg BT 467.04 711.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 504.79 711.85 Td (to ) Tj ET Q q 0 0 0 rg BT 515.88 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 711.85 Td (Internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.26 699.85 Td (Code. ) Tj ET Q q 0 0 0 rg BT 113.63 699.85 Td (In ) Tj ET Q q 0 0 0 rg BT 124.73 699.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.72 699.85 Td (years ) Tj ET Q q 0 0 0 rg BT 163.59 699.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 190.24 699.85 Td (December ) Tj ET Q q 0 0 0 rg BT 234.09 699.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 249.36 699.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 274.63 699.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 297.40 699.85 Td (and ) Tj ET Q q 0 0 0 rg BT 314.61 699.85 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.61 699.85 Td (, ) Tj ET Q q 0 0 0 rg BT 339.88 699.85 Td (the ) Tj ET Q q 0 0 0 rg BT 354.87 699.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 396.52 699.85 Td (matched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.16 699.85 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.49 699.85 Td ( ) Tj ET Q q 0 0 0 rg BT 454.26 699.85 Td (of ) Tj ET Q q 0 0 0 rg BT 465.36 699.85 Td (each ) Tj ET Q q 0 0 0 rg BT 486.45 699.85 Td (dollar ) Tj ET Q q 0 0 0 rg BT 512.55 699.85 Td (of ) Tj ET Q q 0 0 0 rg BT 523.65 699.85 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.85 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 103.32 687.85 Td (up ) Tj ET Q q 0 0 0 rg BT 115.75 687.85 Td (to ) Tj ET Q q 0 0 0 rg BT 125.97 687.85 Td (a ) Tj ET Q q 0 0 0 rg BT 132.84 687.85 Td (maximum ) Tj ET Q q 0 0 0 rg BT 175.83 687.85 Td (match ) Tj ET Q q 0 0 0 rg BT 202.70 687.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.47 687.85 Td (three ) Tj ET Q q 0 0 0 rg BT 235.89 687.85 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.32 687.85 Td ( ) Tj ET Q q 0 0 0 rg BT 267.75 687.85 Td (of ) Tj ET Q q 0 0 0 rg BT 278.52 687.85 Td (the ) Tj ET Q q 0 0 0 rg BT 293.17 687.85 Td (employee) Tj ET Q q 0 0 0 rg BT 334.82 687.85 Td (s ) Tj ET Q q 0 0 0 rg BT 341.15 687.85 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 401.45 687.85 Td (The ) Tj ET Q q 0 0 0 rg BT 419.44 687.85 Td (Company) Tj ET Q q 0 0 0 rg BT 461.10 687.85 Td (s ) Tj ET Q q 0 0 0 rg BT 467.43 687.85 Td (contributions ) Tj ET Q q 0 0 0 rg BT 522.64 687.85 Td (to ) Tj ET Q q 0 0 0 rg BT 532.85 687.85 Td (the ) Tj ET Q q 0 0 0 rg BT 547.51 687.85 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.85 Td (\(k\) ) Tj ET Q q 0 0 0 rg BT 63.99 675.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 84.03 675.85 Td (for ) Tj ET Q q 0 0 0 rg BT 98.52 675.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.56 675.85 Td (years ) Tj ET Q q 0 0 0 rg BT 137.49 675.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 164.19 675.85 Td (December ) Tj ET Q q 0 0 0 rg BT 208.10 675.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 223.43 675.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 248.76 675.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 271.58 675.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.85 675.85 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.85 675.85 Td ( ) Tj ET Q q 0 0 0 rg BT 311.68 675.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.93 675.85 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 354.26 675.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 675.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.48 675.85 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 408.81 675.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.70 675.85 Td ( ) Tj ET Q q 0 0 0 rg BT 440.53 675.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.79 675.85 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 478.12 675.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.01 675.85 Td (, ) Tj ET Q q 0 0 0 rg BT 512.34 675.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.00 675.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 663.85 Td (were ) Tj ET Q q 0 0 0 rg BT 98.37 663.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 144.73 663.85 Td (as ) Tj ET Q q 0 0 0 rg BT 155.56 663.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 190.27 663.85 Td (in ) Tj ET Q q 0 0 0 rg BT 200.54 663.85 Td (the ) Tj ET Q q 0 0 0 rg BT 215.26 663.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 268.30 663.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 313.02 663.85 Td (of ) Tj ET Q q 0 0 0 rg BT 323.85 663.85 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 386.88 663.85 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 637.55 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 637.55 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.34 637.55 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.34 637.55 Td (Related ) Tj ET Q q 0 0 0 rg BT 135.61 637.55 Td (Party ) Tj ET Q q 0 0 0 rg BT 161.80 637.55 Td (T) Tj ET Q q 0 0 0 rg BT 167.73 637.55 Td (ransactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.62 637.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 620.55 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 620.55 Td ( ) Tj ET Q q 0 0 0 rg BT 82.00 620.55 Td (related ) Tj ET Q q 0 0 0 rg BT 111.04 620.55 Td (party ) Tj ET Q q 0 0 0 rg BT 133.42 620.55 Td (is ) Tj ET Q q 0 0 0 rg BT 141.92 620.55 Td (generally ) Tj ET Q q 0 0 0 rg BT 180.95 620.55 Td (defined ) Tj ET Q q 0 0 0 rg BT 212.77 620.55 Td (as ) Tj ET Q q 0 0 0 rg BT 222.93 620.55 Td (\(i\)any ) Tj ET Q q 0 0 0 rg BT 251.14 620.55 Td (person ) Tj ET Q q 0 0 0 rg BT 279.64 620.55 Td (that ) Tj ET Q q 0 0 0 rg BT 296.46 620.55 Td (holds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.97 620.55 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.30 620.55 Td ( ) Tj ET Q q 0 0 0 rg BT 340.13 620.55 Td (or ) Tj ET Q q 0 0 0 rg BT 350.29 620.55 Td (more ) Tj ET Q q 0 0 0 rg BT 372.67 620.55 Td (of ) Tj ET Q q 0 0 0 rg BT 382.83 620.55 Td (the ) Tj ET Q q 0 0 0 rg BT 396.88 620.55 Td (Company) Tj ET Q q 0 0 0 rg BT 438.55 620.55 Td (s ) Tj ET Q q 0 0 0 rg BT 444.27 620.55 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.87 620.55 Td (and ) Tj ET Q q 0 0 0 rg BT 500.14 620.55 Td (their ) Tj ET Q q 0 0 0 rg BT 520.30 620.55 Td (immediate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.55 Td (families, ) Tj ET Q q 0 0 0 rg BT 86.85 608.55 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 116.43 608.55 Td (Company) Tj ET Q q 0 0 0 rg BT 158.10 608.55 Td (s ) Tj ET Q q 0 0 0 rg BT 164.63 608.55 Td (management, ) Tj ET Q q 0 0 0 rg BT 220.86 608.55 Td (\(iii\)someone ) Tj ET Q q 0 0 0 rg BT 276.55 608.55 Td (that ) Tj ET Q q 0 0 0 rg BT 294.19 608.55 Td (directly ) Tj ET Q q 0 0 0 rg BT 327.37 608.55 Td (or ) Tj ET Q q 0 0 0 rg BT 338.34 608.55 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 379.31 608.55 Td (controls, ) Tj ET Q q 0 0 0 rg BT 416.67 608.55 Td (is ) Tj ET Q q 0 0 0 rg BT 425.98 608.55 Td (controlled ) Tj ET Q q 0 0 0 rg BT 469.17 608.55 Td (by ) Tj ET Q q 0 0 0 rg BT 481.81 608.55 Td (or ) Tj ET Q q 0 0 0 rg BT 492.78 608.55 Td (is ) Tj ET Q q 0 0 0 rg BT 502.10 608.55 Td (under ) Tj ET Q q 0 0 0 rg BT 527.51 608.55 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (control ) Tj ET Q q 0 0 0 rg BT 80.50 596.55 Td (with ) Tj ET Q q 0 0 0 rg BT 100.95 596.55 Td (the ) Tj ET Q q 0 0 0 rg BT 115.84 596.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.41 596.55 Td (or ) Tj ET Q q 0 0 0 rg BT 168.41 596.55 Td (\(iv\)anyone ) Tj ET Q q 0 0 0 rg BT 216.90 596.55 Td (who ) Tj ET Q q 0 0 0 rg BT 236.80 596.55 Td (can ) Tj ET Q q 0 0 0 rg BT 253.35 596.55 Td (significantly ) Tj ET Q q 0 0 0 rg BT 306.01 596.55 Td (influence ) Tj ET Q q 0 0 0 rg BT 345.89 596.55 Td (the ) Tj ET Q q 0 0 0 rg BT 360.78 596.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.44 596.55 Td (and ) Tj ET Q q 0 0 0 rg BT 415.55 596.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.99 596.55 Td (decisions ) Tj ET Q q 0 0 0 rg BT 495.88 596.55 Td (of ) Tj ET Q q 0 0 0 rg BT 506.89 596.55 Td (the ) Tj ET Q q 0 0 0 rg BT 521.78 596.55 Td (Company) Tj ET Q q 0 0 0 rg BT 560.02 596.55 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.55 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 584.55 Td ( ) Tj ET Q q 0 0 0 rg BT 59.00 584.55 Td (transaction ) Tj ET Q q 0 0 0 rg BT 105.70 584.55 Td (is ) Tj ET Q q 0 0 0 rg BT 115.19 584.55 Td (considered ) Tj ET Q q 0 0 0 rg BT 161.34 584.55 Td (to ) Tj ET Q q 0 0 0 rg BT 171.94 584.55 Td (be ) Tj ET Q q 0 0 0 rg BT 184.21 584.55 Td (a ) Tj ET Q q 0 0 0 rg BT 191.47 584.55 Td (related ) Tj ET Q q 0 0 0 rg BT 221.50 584.55 Td (party ) Tj ET Q q 0 0 0 rg BT 244.88 584.55 Td (transaction ) Tj ET Q q 0 0 0 rg BT 291.58 584.55 Td (when ) Tj ET Q q 0 0 0 rg BT 316.06 584.55 Td (there ) Tj ET Q q 0 0 0 rg BT 338.88 584.55 Td (is ) Tj ET Q q 0 0 0 rg BT 348.37 584.55 Td (a ) Tj ET Q q 0 0 0 rg BT 355.64 584.55 Td (transfer ) Tj ET Q q 0 0 0 rg BT 389.00 584.55 Td (of ) Tj ET Q q 0 0 0 rg BT 400.16 584.55 Td (resources ) Tj ET Q q 0 0 0 rg BT 440.75 584.55 Td (or ) Tj ET Q q 0 0 0 rg BT 451.90 584.55 Td (obligations ) Tj ET Q q 0 0 0 rg BT 499.17 584.55 Td (between ) Tj ET Q q 0 0 0 rg BT 535.32 584.55 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.55 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 551.55 Td (Director ) Tj ET Q q 0 0 0 rg BT 111.01 551.55 Td (Carl ) Tj ET Q q 0 0 0 rg BT 132.42 551.55 Td (Buccellato ) Tj ET Q q 0 0 0 rg BT 179.38 551.55 Td (served ) Tj ET Q q 0 0 0 rg BT 209.67 551.55 Td (as ) Tj ET Q q 0 0 0 rg BT 222.20 551.55 Td (the ) Tj ET Q q 0 0 0 rg BT 238.61 551.55 Td (chief ) Tj ET Q q 0 0 0 rg BT 262.79 551.55 Td (executive ) Tj ET Q q 0 0 0 rg BT 305.30 551.55 Td (of) Tj ET Q q 0 0 0 rg BT 313.45 551.55 Td (ficer ) Tj ET Q q 0 0 0 rg BT 335.96 551.55 Td (of ) Tj ET Q q 0 0 0 rg BT 348.49 551.55 Td (SavingStreet, ) Tj ET Q q 0 0 0 rg BT 406.28 551.55 Td (LLC ) Tj ET Q q 0 0 0 rg BT 429.37 551.55 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 471.88 551.55 Td (New ) Tj ET Q q 0 0 0 rg BT 494.96 551.55 Td (Casa ) Tj ET Q q 0 0 0 rg BT 518.59 551.55 Td (188, ) Tj ET Q q 0 0 0 rg BT 540.29 551.55 Td (LLC\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.55 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.27 539.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.37 539.55 Td (\), ) Tj ET Q q 0 0 0 rg BT 120.95 539.55 Td (from ) Tj ET Q q 0 0 0 rg BT 142.69 539.55 Td (May ) Tj ET Q q 0 0 0 rg BT 163.33 539.55 Td (2008 ) Tj ET Q q 0 0 0 rg BT 185.64 539.55 Td (until ) Tj ET Q q 0 0 0 rg BT 206.28 539.55 Td (February ) Tj ET Q q 0 0 0 rg BT 244.69 539.55 Td (2012, ) Tj ET Q q 0 0 0 rg BT 269.49 539.55 Td (and ) Tj ET Q q 0 0 0 rg BT 286.24 539.55 Td (owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.66 539.55 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.99 539.55 Td ( ) Tj ET Q q 0 0 0 rg BT 330.30 539.55 Td (of ) Tj ET Q q 0 0 0 rg BT 340.93 539.55 Td (the ) Tj ET Q q 0 0 0 rg BT 355.46 539.55 Td (membership ) Tj ET Q q 0 0 0 rg BT 407.20 539.55 Td (interests ) Tj ET Q q 0 0 0 rg BT 442.83 539.55 Td (of ) Tj ET Q q 0 0 0 rg BT 453.47 539.55 Td (SavingStreet. ) Tj ET Q q 0 0 0 rg BT 509.38 539.55 Td (During ) Tj ET Q q 0 0 0 rg BT 540.02 539.55 Td (2008, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (the ) Tj ET Q q 0 0 0 rg BT 63.82 527.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.82 527.55 Td (entered ) Tj ET Q q 0 0 0 rg BT 136.35 527.55 Td (into ) Tj ET Q q 0 0 0 rg BT 154.01 527.55 Td (a ) Tj ET Q q 0 0 0 rg BT 160.56 527.55 Td (strategic ) Tj ET Q q 0 0 0 rg BT 196.54 527.55 Td (relationship ) Tj ET Q q 0 0 0 rg BT 245.85 527.55 Td (agreement ) Tj ET Q q 0 0 0 rg BT 289.60 527.55 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.49 527.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.59 527.55 Td ( ) Tj ET Q q 0 0 0 rg BT 362.70 527.55 Td (\(which ) Tj ET Q q 0 0 0 rg BT 392.57 527.55 Td (was ) Tj ET Q q 0 0 0 rg BT 410.23 527.55 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 464.56 527.55 Td (amended ) Tj ET Q q 0 0 0 rg BT 502.76 527.55 Td (and ) Tj ET Q q 0 0 0 rg BT 519.30 527.55 Td (restated ) Tj ET Q q 0 0 0 rg BT 552.50 527.55 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.55 Td (June15, ) Tj ET Q q 0 0 0 rg BT 85.63 515.55 Td (2010\) ) Tj ET Q q 0 0 0 rg BT 111.76 515.55 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 149.00 515.55 Td (to ) Tj ET Q q 0 0 0 rg BT 159.57 515.55 Td (which ) Tj ET Q q 0 0 0 rg BT 186.81 515.55 Td (the ) Tj ET Q q 0 0 0 rg BT 201.83 515.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.51 515.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.86 515.55 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.44 515.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.54 515.55 Td ( ) Tj ET Q q 0 0 0 rg BT 346.34 515.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 376.34 515.55 Td (information ) Tj ET Q q 0 0 0 rg BT 426.35 515.55 Td (from ) Tj ET Q q 0 0 0 rg BT 448.59 515.55 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 491.93 515.55 Td (who ) Tj ET Q q 0 0 0 rg BT 511.95 515.55 Td (consented ) Tj ET Q q 0 0 0 rg BT 554.74 515.55 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.55 Td (the ) Tj ET Q q 0 0 0 rg BT 65.61 503.55 Td (distribution ) Tj ET Q q 0 0 0 rg BT 115.62 503.55 Td (of ) Tj ET Q q 0 0 0 rg BT 127.84 503.55 Td (such ) Tj ET Q q 0 0 0 rg BT 150.06 503.55 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.67 503.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.77 503.55 Td ( ) Tj ET Q q 0 0 0 rg BT 258.67 503.55 Td (used ) Tj ET Q q 0 0 0 rg BT 280.89 503.55 Td (this ) Tj ET Q q 0 0 0 rg BT 299.23 503.55 Td (borrower ) Tj ET Q q 0 0 0 rg BT 339.78 503.55 Td (information ) Tj ET Q q 0 0 0 rg BT 390.88 503.55 Td (to ) Tj ET Q q 0 0 0 rg BT 402.55 503.55 Td (market ) Tj ET Q q 0 0 0 rg BT 434.21 503.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.31 503.55 Td (move-related ) Tj ET Q q 0 0 0 rg BT 521.95 503.55 Td (and ) Tj ET Q q 0 0 0 rg BT 540.28 503.55 Td (home ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.55 Td (ownership-related ) Tj ET Q q 0 0 0 rg BT 123.54 491.55 Td (products ) Tj ET Q q 0 0 0 rg BT 159.83 491.55 Td (and ) Tj ET Q q 0 0 0 rg BT 176.13 491.55 Td (services ) Tj ET Q q 0 0 0 rg BT 210.18 491.55 Td (and ) Tj ET Q q 0 0 0 rg BT 226.48 491.55 Td (the ) Tj ET Q q 0 0 0 rg BT 240.54 491.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 281.28 491.55 Td (was ) Tj ET Q q 0 0 0 rg BT 298.69 491.55 Td (entitled ) Tj ET Q q 0 0 0 rg BT 330.53 491.55 Td (to ) Tj ET Q q 0 0 0 rg BT 340.16 491.55 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.87 491.55 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.20 491.55 Td ( ) Tj ET Q q 0 0 0 rg BT 391.06 491.55 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.24 491.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.34 491.55 Td () Tj ET Q q 0 0 0 rg BT 455.12 491.55 Td (s ) Tj ET Q q 0 0 0 rg BT 460.86 491.55 Td (net ) Tj ET Q q 0 0 0 rg BT 474.93 491.55 Td (income ) Tj ET Q q 0 0 0 rg BT 506.22 491.55 Td (until ) Tj ET Q q 0 0 0 rg BT 526.40 491.55 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.55 Td (had ) Tj ET Q q 0 0 0 rg BT 66.17 479.55 Td (recouped ) Tj ET Q q 0 0 0 rg BT 105.04 479.55 Td (their ) Tj ET Q q 0 0 0 rg BT 125.59 479.55 Td (initial ) Tj ET Q q 0 0 0 rg BT 151.15 479.55 Td (investment, ) Tj ET Q q 0 0 0 rg BT 199.76 479.55 Td (and ) Tj ET Q q 0 0 0 rg BT 216.43 479.55 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.87 479.55 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.20 479.55 Td ( ) Tj ET Q q 0 0 0 rg BT 256.43 479.55 Td (of ) Tj ET Q q 0 0 0 rg BT 266.99 479.55 Td (its ) Tj ET Q q 0 0 0 rg BT 278.67 479.55 Td (net ) Tj ET Q q 0 0 0 rg BT 293.11 479.55 Td (income ) Tj ET Q q 0 0 0 rg BT 324.77 479.55 Td (thereafter) Tj ET Q q 0 0 0 rg BT 362.52 479.55 Td (. ) Tj ET Q q 0 0 0 rg BT 367.25 479.55 Td (In ) Tj ET Q q 0 0 0 rg BT 377.81 479.55 Td (connection ) Tj ET Q q 0 0 0 rg BT 423.91 479.55 Td (with ) Tj ET Q q 0 0 0 rg BT 443.91 479.55 Td (this ) Tj ET Q q 0 0 0 rg BT 460.59 479.55 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 509.19 479.55 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 479.55 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.55 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.44 467.55 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.15 467.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 467.55 Td ( ) Tj ET Q q 0 0 0 rg BT 139.19 467.55 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.56 467.55 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.11 467.55 Td (-year ) Tj ET Q q 0 0 0 rg BT 183.58 467.55 Td (warrant ) Tj ET Q q 0 0 0 rg BT 216.06 467.55 Td (to ) Tj ET Q q 0 0 0 rg BT 225.77 467.55 Td (purchase ) Tj ET Q q 0 0 0 rg BT 263.25 467.55 Td (up ) Tj ET Q q 0 0 0 rg BT 275.18 467.55 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.90 467.55 Td (133,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.40 467.55 Td ( ) Tj ET Q q 0 0 0 rg BT 319.33 467.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 346.26 467.55 Td (of ) Tj ET Q q 0 0 0 rg BT 356.52 467.55 Td (its ) Tj ET Q q 0 0 0 rg BT 367.91 467.55 Td (common ) Tj ET Q q 0 0 0 rg BT 404.84 467.55 Td (stock ) Tj ET Q q 0 0 0 rg BT 427.88 467.55 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.04 467.55 Td ($5.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.54 467.55 Td ( ) Tj ET Q q 0 0 0 rg BT 461.47 467.55 Td (per ) Tj ET Q q 0 0 0 rg BT 476.18 467.55 Td (share. ) Tj ET Q q 0 0 0 rg BT 501.71 467.55 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.98 467.55 Td (March ) Tj ET Q q 0 0 0 rg BT 540.01 467.55 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 467.55 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.55 Td (the ) Tj ET Q q 0 0 0 rg BT 65.89 455.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.95 455.55 Td (terminated ) Tj ET Q q 0 0 0 rg BT 155.88 455.55 Td (its ) Tj ET Q q 0 0 0 rg BT 169.50 455.55 Td (existing ) Tj ET Q q 0 0 0 rg BT 205.34 455.55 Td (agreements ) Tj ET Q q 0 0 0 rg BT 255.04 455.55 Td (and ) Tj ET Q q 0 0 0 rg BT 273.65 455.55 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 331.69 455.55 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.64 455.55 Td (SavingStreet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.74 455.55 Td ( ) Tj ET Q q 0 0 0 rg BT 408.91 455.55 Td (and ) Tj ET Q q 0 0 0 rg BT 427.52 455.55 Td (the ) Tj ET Q q 0 0 0 rg BT 443.91 455.55 Td (warrant ) Tj ET Q q 0 0 0 rg BT 478.62 455.55 Td (expired ) Tj ET Q q 0 0 0 rg BT 512.78 455.55 Td (unvested ) Tj ET Q q 0 0 0 rg BT 552.50 455.55 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 443.55 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 417.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 417.25 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.34 417.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.34 417.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 139.50 417.25 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.72 417.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 400.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.94 400.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.73 400.25 Td (has ) Tj ET Q q 0 0 0 rg BT 146.95 400.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 189.95 400.25 Td (that ) Tj ET Q q 0 0 0 rg BT 206.84 400.25 Td (it ) Tj ET Q q 0 0 0 rg BT 214.29 400.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 249.50 400.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.18 400.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.62 400.25 Td ( ) Tj ET Q q 0 0 0 rg BT 275.51 400.25 Td (industrymortgage-related ) Tj ET Q q 0 0 0 rg BT 388.49 400.25 Td (software ) Tj ET Q q 0 0 0 rg BT 424.81 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.15 400.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 477.61 400.25 Td (The ) Tj ET Q q 0 0 0 rg BT 495.06 400.25 Td (Company) Tj ET Q q 0 0 0 rg BT 536.72 400.25 Td (s ) Tj ET Q q 0 0 0 rg BT 542.51 400.25 Td (chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.87 388.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 127.79 388.25 Td (maker ) Tj ET Q q 0 0 0 rg BT 156.38 388.25 Td (is ) Tj ET Q q 0 0 0 rg BT 166.65 388.25 Td (its ) Tj ET Q q 0 0 0 rg BT 179.71 388.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 203.29 388.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 245.21 388.25 Td (of) Tj ET Q q 0 0 0 rg BT 253.36 388.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 271.27 388.25 Td (, ) Tj ET Q q 0 0 0 rg BT 277.37 388.25 Td (who ) Tj ET Q q 0 0 0 rg BT 298.20 388.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 332.90 388.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.48 388.25 Td (information ) Tj ET Q q 0 0 0 rg BT 422.30 388.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 464.21 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 477.82 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 485.86 388.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 540.00 388.25 Td (basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 376.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.60 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.08 376.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.23 376.25 Td (has ) Tj ET Q q 0 0 0 rg BT 182.83 376.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 232.07 376.25 Td (that ) Tj ET Q q 0 0 0 rg BT 251.33 376.25 Td (it ) Tj ET Q q 0 0 0 rg BT 261.15 376.25 Td (has ) Tj ET Q q 0 0 0 rg BT 278.75 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 287.45 376.25 Td (single ) Tj ET Q q 0 0 0 rg BT 315.60 376.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.52 376.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 394.11 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.81 376.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 454.84 376.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 474.66 376.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 516.41 376.25 Td (specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (technology-enabled ) Tj ET Q q 0 0 0 rg BT 130.86 364.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 169.48 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.75 364.25 Td (help ) Tj ET Q q 0 0 0 rg BT 199.47 364.25 Td (streamline ) Tj ET Q q 0 0 0 rg BT 243.62 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.56 364.25 Td (automate ) Tj ET Q q 0 0 0 rg BT 299.71 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.43 364.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 354.69 364.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 401.07 364.25 Td (process ) Tj ET Q q 0 0 0 rg BT 433.56 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.72 364.25 Td (its ) Tj ET Q q 0 0 0 rg BT 459.67 364.25 Td (network ) Tj ET Q q 0 0 0 rg BT 494.94 364.25 Td (participants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 343.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.98 343.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.81 343.25 Td (is ) Tj ET Q q 0 0 0 rg BT 140.42 343.25 Td (or) Tj ET Q q 0 0 0 rg BT 148.57 343.25 Td (ganized ) Tj ET Q q 0 0 0 rg BT 181.60 343.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 220.75 343.25 Td (on ) Tj ET Q q 0 0 0 rg BT 232.68 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.84 343.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 268.78 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.04 343.25 Td (service ) Tj ET Q q 0 0 0 rg BT 309.30 343.25 Td (lines. ) Tj ET Q q 0 0 0 rg BT 332.62 343.25 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 389.55 343.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 432.03 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.30 343.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 479.77 343.25 Td (by ) Tj ET Q q 0 0 0 rg BT 491.71 343.25 Td (type ) Tj ET Q q 0 0 0 rg BT 510.87 343.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.47 343.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.74 343.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 291.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 291.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 291.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 291.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 261.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 261.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 261.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 261.75 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 319.75 m 449 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 319.75 m 453 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 319.75 m 506 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 319.75 m 510 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 319.75 m 563 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 304.75 m 449 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 319.75 m 506 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 304.75 m 506 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 319.75 m 563 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 304.75 m 563 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 261.75 m 449 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 261.75 m 506 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 261.75 m 563 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 247.75 m 449 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 245.75 m 449 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 247.75 m 506 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 245.75 m 506 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 247.75 m 563 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 245.75 m 563 245.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 324.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 323.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 309.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 309.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 308.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 308.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 308.98 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 296.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 295.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 282.32 Td (On-demand revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 281.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 281.42 Td (154,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 281.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 281.42 Td (118,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 281.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 281.42 Td (89,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 267.32 Td (On-premise revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 266.42 Td (7,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 266.42 Td (9,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 266.42 Td (12,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 251.42 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 251.42 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 251.42 Td (101,845) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 230.25 Td (In the notes to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.76 230.25 Td (consolidated financial statements on our ) Tj ET Q q 0 0 0 rg BT 311.78 230.25 Td (Annual Reports on Form 10-K for the years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 230.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 218.25 Td ( and 2012, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.63 218.25 Td (included all revenues from professional services in on-premise revenues in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.69 218.25 Td ( its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (disclosure related to revenues by type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.28 206.25 Td (. For the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.47 206.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.06 206.25 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.22 206.25 Td (included professional services revenues in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (either on-demand revenues or on-premise revenues as determined by the related service or software license revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.35 194.25 Td (. ) Tj ET Q q 0 0 0 rg BT 517.17 194.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td (Company has retrospectively reclassified its disclosure of on-demand and on-premise revenues for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.32 182.25 Td (years ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (31, 2013 and 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.94 170.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 170.25 Td (in order to conform to the current presentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 170.25 Td (.) 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35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 352.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 352.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 352.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 352.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 352.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 352.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 324.75 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 324.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 324.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 324.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 324.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 324.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 324.75 5.00 -13.00 re f 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528 716.75 m 563 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 695.75 m 283 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 695.75 m 323 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 695.75 m 363 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 695.75 m 403 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 716.75 m 443 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 695.75 m 443 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 716.75 m 448 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 716.75 m 483 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 695.75 m 483 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 716.75 m 488 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 716.75 m 523 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 695.75 m 523 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 716.75 m 528 716.75 l 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BT 371.50 707.98 Td (Mar 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 699.98 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.55 707.98 Td (Dec 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 699.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.75 707.98 Td (Sep 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.00 699.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.55 707.98 Td (Jun 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.00 699.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.50 707.98 Td (Mar 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.00 699.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 687.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.75 686.98 Td (\(unaudited, in 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(4,903) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 594.00 Td (Researchanddevelopment\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 594.00 Td (8,880) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 594.00 Td (6,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 594.00 Td (6,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 594.00 Td (6,815) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 594.00 Td (6,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 594.00 Td (6,573) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 594.00 Td (6,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 594.00 Td (5,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 581.00 Td (Generalandadministrative\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 581.00 Td (11,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 581.00 Td (9,556) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 581.00 Td (9,551) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 581.00 Td (8,993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 581.00 Td (7,745) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 581.00 Td (7,547) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 581.00 Td (7,975) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 581.00 Td (7,586) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 568.00 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 568.35 Td (27,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 568.35 Td (22,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 568.35 Td (22,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 568.35 Td (21,903) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 568.35 Td (19,887) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 568.35 Td (19,283) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 568.35 Td (19,672) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 568.35 Td (18,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 555.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 542.00 Td (Income from operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 542.35 Td (3,963) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 542.35 Td (8,872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 542.35 Td (7,329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 542.35 Td (957) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 542.35 Td (2,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 542.35 Td (5,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 542.35 Td (6,021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 542.35 Td (5,207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 529.00 Td (Other income, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.80 529.00 Td (145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 529.00 Td (134) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.80 529.00 Td (109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 529.00 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 529.00 Td (105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 529.00 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.80 529.00 Td (151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 529.00 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 516.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 503.00 Td (Income before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 503.00 Td (4,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 503.00 Td (9,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 503.00 Td (7,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 503.00 Td (1,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 503.00 Td (2,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 503.00 Td (5,518) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 503.00 Td (6,172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 503.00 Td (5,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 490.00 Td (Incometaxprovision) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.10 490.00 Td (\(192) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.80 490.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 490.00 Td (3,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 490.00 Td (2,714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 490.00 Td (275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 490.00 Td (703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 490.00 Td (1,872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 490.00 Td (2,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 490.00 Td (1,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 477.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 464.00 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 464.00 Td (4,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 464.00 Td (5,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 464.00 Td (4,724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 464.00 Td (782) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 464.00 Td (1,711) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 464.00 Td (3,646) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 464.00 Td (3,903) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 464.00 Td (4,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 451.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 438.00 Td (Net income per share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 425.00 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.80 425.00 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 425.00 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 425.00 Td (0.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 425.00 Td (0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 425.00 Td (0.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 425.00 Td (0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 425.00 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 425.00 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 412.00 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.80 412.00 Td (0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 412.00 Td (0.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 412.00 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 412.00 Td (0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 412.00 Td (0.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 412.00 Td (0.13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 412.00 Td (0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 412.00 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 399.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 378.00 Td (Weighted average common shares used in computing net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 370.00 Td (income per share of common stock:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 357.00 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 357.00 Td (28,457) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 357.00 Td (28,008) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 357.00 Td (27,617) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 357.00 Td (27,339) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 357.00 Td (27,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 357.00 Td (26,682) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 357.00 Td (26,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 357.00 Td (26,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 344.00 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 344.00 Td (30,068) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 344.00 Td (29,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 344.00 Td (29,289) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 344.00 Td (29,070) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 344.00 Td (28,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 344.00 Td (28,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 344.00 Td (28,282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 344.00 Td (27,962) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 316.70 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 316.00 Td (4,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 316.00 Td (5,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 316.00 Td (4,724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 316.00 Td (782) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 316.00 Td (1,711) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 316.00 Td (3,646) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 316.00 Td (3,903) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 316.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 316.00 Td (4,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 303.70 Td (Other comprehensive income, net of taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 274.00 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.10 274.00 Td (\(58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.80 274.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.10 274.00 Td (\(75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.80 274.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.80 274.00 Td (75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.10 274.00 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.80 274.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 274.00 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 274.00 Td (137) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.10 274.00 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 274.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.10 274.00 Td (\(95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 274.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 261.00 Td (Comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 261.00 Td (4,242) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 261.00 Td (4,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 261.00 Td (4,799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 261.00 Td (779) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 261.00 Td (1,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 261.00 Td (3,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 261.00 Td (3,875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 261.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 261.00 Td (3,963) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 165.75 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 165.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 165.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 135.75 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 135.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 135.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 135.75 35.00 -15.00 re f /GS0 gs 0.8 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544.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 544.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 544.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 544.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 544.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 544.75 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 664.75 m 373 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 664.75 m 436 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 664.75 m 499 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 664.75 m 562 664.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.10 684.98 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.65 676.98 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.30 668.98 Td (of Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 684.98 Td (Charged) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.30 676.98 Td (\(Credited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.00 668.98 Td (to Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.85 676.98 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.40 668.98 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.10 684.98 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.55 676.98 Td (End of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.65 668.98 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 654.42 Td (Allowance for Doubtful Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 639.42 Td (Year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 639.42 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.80 639.47 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 639.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 639.47 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 639.42 Td (\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 501.50 643.11 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 639.42 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 624.42 Td (Year ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 624.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 624.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 624.47 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 624.42 Td (\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 501.50 628.11 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 624.42 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 609.42 Td (Year ended December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 609.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 609.42 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 609.47 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 609.42 Td (\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 501.50 613.11 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 609.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 579.42 Td (Income Tax Valuation Allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 564.42 Td (Year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 564.42 Td (2,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 564.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 564.42 Td (841) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 501.50 568.11 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 564.42 Td (2,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 549.42 Td (Year ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 549.42 Td (1,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 549.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 549.42 Td (296) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 501.50 553.11 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 549.42 Td (2,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 534.42 Td (Year ended December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.50 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 534.42 Td (8,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.30 534.47 Td (\(6,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 534.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 534.42 Td (105) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 501.50 538.11 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 534.42 Td (1,760) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 313.40 510.11 Td ( \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.50 506.00 Td (Accounts written off, net of recoveries.) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 313.10 497.11 Td ( \(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.50 493.00 Td (Adjustments to offset changes in deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 455.48 Td (ITEM9.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 455.48 Td (CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 445.48 Td (FINANCIAL DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 423.85 Td (Not applicable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 389.03 Td (ITEM9A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 389.03 Td (CONTROLS AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 358.55 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 358.55 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 358.55 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 149.33 358.55 Td (e ) Tj ET Q q 0 0 0 rg BT 156.27 358.55 Td (Contr) Tj ET Q q 0 0 0 rg BT 181.64 358.55 Td (ols ) Tj ET Q q 0 0 0 rg BT 195.81 358.55 Td (and ) Tj ET Q q 0 0 0 rg BT 214.43 358.55 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.80 358.55 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.06 358.55 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 341.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.83 341.55 Td (management, ) Tj ET Q q 0 0 0 rg BT 152.19 341.55 Td (with ) Tj ET Q q 0 0 0 rg BT 174.74 341.55 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 341.55 Td (participation ) Tj ET Q q 0 0 0 rg BT 247.04 341.55 Td (of ) Tj ET Q q 0 0 0 rg BT 260.14 341.55 Td (our ) Tj ET Q q 0 0 0 rg BT 278.25 341.55 Td (Chief ) Tj ET Q q 0 0 0 rg BT 305.24 341.55 Td (Executive ) Tj ET Q q 0 0 0 rg BT 349.99 341.55 Td (Of) Tj ET Q q 0 0 0 rg BT 360.36 341.55 Td (ficer ) Tj ET Q q 0 0 0 rg BT 383.45 341.55 Td (and ) Tj ET Q q 0 0 0 rg BT 402.66 341.55 Td (Chief ) Tj ET Q q 0 0 0 rg BT 429.65 341.55 Td (Financial ) Tj ET Q q 0 0 0 rg BT 471.64 341.55 Td (Of) Tj ET Q q 0 0 0 rg BT 482.01 341.55 Td (ficer) Tj ET Q q 0 0 0 rg BT 499.92 341.55 Td (, ) Tj ET Q q 0 0 0 rg BT 507.20 341.55 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 550.28 341.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.55 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 329.55 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 103.82 329.55 Td (of ) Tj ET Q q 0 0 0 rg BT 114.45 329.55 Td (our ) Tj ET Q q 0 0 0 rg BT 130.09 329.55 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 172.94 329.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 207.46 329.55 Td (and ) Tj ET Q q 0 0 0 rg BT 224.20 329.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 270.37 329.55 Td (as ) Tj ET Q q 0 0 0 rg BT 281.01 329.55 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.64 329.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.03 329.55 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.03 329.55 Td (. ) Tj ET Q q 0 0 0 rg BT 374.67 329.55 Td (The ) Tj ET Q q 0 0 0 rg BT 392.52 329.55 Td (term ) Tj ET Q q 0 0 0 rg BT 413.15 329.55 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 460.44 329.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 494.96 329.55 Td (and ) Tj ET Q q 0 0 0 rg BT 511.71 329.55 Td (procedures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.55 Td (as ) Tj ET Q q 0 0 0 rg BT 60.20 317.55 Td (defined ) Tj ET Q q 0 0 0 rg BT 92.55 317.55 Td (in ) Tj ET Q q 0 0 0 rg BT 102.70 317.55 Td (Rules ) Tj ET Q q 0 0 0 rg BT 127.84 317.55 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 169.08 317.55 Td (and ) Tj ET Q q 0 0 0 rg BT 185.88 317.55 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 227.68 317.55 Td (under ) Tj ET Q q 0 0 0 rg BT 252.81 317.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.40 317.55 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 308.67 317.55 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 317.55 Td (, ) Tj ET Q q 0 0 0 rg BT 327.97 317.55 Td (means ) Tj ET Q q 0 0 0 rg BT 355.88 317.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 390.47 317.55 Td (and ) Tj ET Q q 0 0 0 rg BT 407.27 317.55 Td (other ) Tj ET Q q 0 0 0 rg BT 430.19 317.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 476.42 317.55 Td (of ) Tj ET Q q 0 0 0 rg BT 487.12 317.55 Td (a ) Tj ET Q q 0 0 0 rg BT 493.93 317.55 Td (company ) Tj ET Q q 0 0 0 rg BT 532.95 317.55 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 317.55 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.55 Td (designed ) Tj ET Q q 0 0 0 rg BT 87.01 305.55 Td (to ) Tj ET Q q 0 0 0 rg BT 96.75 305.55 Td (ensure ) Tj ET Q q 0 0 0 rg BT 124.81 305.55 Td (that ) Tj ET Q q 0 0 0 rg BT 141.77 305.55 Td (information ) Tj ET Q q 0 0 0 rg BT 190.94 305.55 Td (required ) Tj ET Q q 0 0 0 rg BT 226.22 305.55 Td (to ) Tj ET Q q 0 0 0 rg BT 235.96 305.55 Td (be ) Tj ET Q q 0 0 0 rg BT 247.36 305.55 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 286.54 305.55 Td (by ) Tj ET Q q 0 0 0 rg BT 298.50 305.55 Td (a ) Tj ET Q q 0 0 0 rg BT 304.90 305.55 Td (company ) Tj ET Q q 0 0 0 rg BT 343.52 305.55 Td (in ) Tj ET Q q 0 0 0 rg BT 353.26 305.55 Td (the ) Tj ET Q q 0 0 0 rg BT 367.44 305.55 Td (reports ) Tj ET Q q 0 0 0 rg BT 397.17 305.55 Td (that ) Tj ET Q q 0 0 0 rg BT 414.12 305.55 Td (it ) Tj ET Q q 0 0 0 rg BT 421.64 305.55 Td (files ) Tj ET Q q 0 0 0 rg BT 440.82 305.55 Td (or ) Tj ET Q q 0 0 0 rg BT 451.11 305.55 Td (submits ) Tj ET Q q 0 0 0 rg BT 484.19 305.55 Td (under ) Tj ET Q q 0 0 0 rg BT 508.92 305.55 Td (the ) Tj ET Q q 0 0 0 rg BT 523.10 305.55 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.55 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.43 293.55 Td (is ) Tj ET Q q 0 0 0 rg BT 75.59 293.55 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 115.55 293.55 Td (processed, ) Tj ET Q q 0 0 0 rg BT 159.97 293.55 Td (summarized ) Tj ET Q q 0 0 0 rg BT 211.33 293.55 Td (and ) Tj ET Q q 0 0 0 rg BT 228.26 293.55 Td (reported, ) Tj ET Q q 0 0 0 rg BT 266.56 293.55 Td (within ) Tj ET Q q 0 0 0 rg BT 294.61 293.55 Td (the ) Tj ET Q q 0 0 0 rg BT 309.32 293.55 Td (time ) Tj ET Q q 0 0 0 rg BT 329.58 293.55 Td (periods ) Tj ET Q q 0 0 0 rg BT 361.51 293.55 Td (specified ) Tj ET Q q 0 0 0 rg BT 400.09 293.55 Td (in ) Tj ET Q q 0 0 0 rg BT 410.36 293.55 Td (the ) Tj ET Q q 0 0 0 rg BT 425.06 293.55 Td (SEC) Tj ET Q q 0 0 0 rg BT 446.18 293.55 Td (s ) Tj ET Q q 0 0 0 rg BT 452.56 293.55 Td (rules ) Tj ET Q q 0 0 0 rg BT 474.49 293.55 Td (and ) Tj ET Q q 0 0 0 rg BT 491.42 293.55 Td (forms. ) Tj ET Q q 0 0 0 rg BT 519.74 293.55 Td (Disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.59 281.55 Td (and ) Tj ET Q q 0 0 0 rg BT 101.90 281.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 148.63 281.55 Td (include, ) Tj ET Q q 0 0 0 rg BT 183.44 281.55 Td (without ) Tj ET Q q 0 0 0 rg BT 216.86 281.55 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 261.12 281.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 296.21 281.55 Td (and ) Tj ET Q q 0 0 0 rg BT 313.52 281.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 360.25 281.55 Td (designed ) Tj ET Q q 0 0 0 rg BT 398.67 281.55 Td (to ) Tj ET Q q 0 0 0 rg BT 409.32 281.55 Td (ensure ) Tj ET Q q 0 0 0 rg BT 438.29 281.55 Td (that ) Tj ET Q q 0 0 0 rg BT 456.15 281.55 Td (information ) Tj ET Q q 0 0 0 rg BT 506.23 281.55 Td (required ) Tj ET Q q 0 0 0 rg BT 542.42 281.55 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 281.55 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.55 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.62 269.55 Td (by ) Tj ET Q q 0 0 0 rg BT 102.53 269.55 Td (a ) Tj ET Q q 0 0 0 rg BT 109.87 269.55 Td (company ) Tj ET Q q 0 0 0 rg BT 149.43 269.55 Td (in ) Tj ET Q q 0 0 0 rg BT 160.12 269.55 Td (the ) Tj ET Q q 0 0 0 rg BT 175.24 269.55 Td (reports ) Tj ET Q q 0 0 0 rg BT 205.91 269.55 Td (that ) Tj ET Q q 0 0 0 rg BT 223.81 269.55 Td (it ) Tj ET Q q 0 0 0 rg BT 232.27 269.55 Td (files ) Tj ET Q q 0 0 0 rg BT 252.40 269.55 Td (or ) Tj ET Q q 0 0 0 rg BT 263.63 269.55 Td (submits ) Tj ET Q q 0 0 0 rg BT 297.65 269.55 Td (under ) Tj ET Q q 0 0 0 rg BT 323.33 269.55 Td (the ) Tj ET Q q 0 0 0 rg BT 338.45 269.55 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 380.14 269.55 Td (Act ) Tj ET Q q 0 0 0 rg BT 397.48 269.55 Td (is ) Tj ET Q q 0 0 0 rg BT 407.06 269.55 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 460.49 269.55 Td (and ) Tj ET Q q 0 0 0 rg BT 477.83 269.55 Td (communicated ) Tj ET Q q 0 0 0 rg BT 539.61 269.55 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 269.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.55 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 257.55 Td (s ) Tj ET Q q 0 0 0 rg BT 94.86 257.55 Td (management, ) Tj ET Q q 0 0 0 rg BT 150.49 257.55 Td (including ) Tj ET Q q 0 0 0 rg BT 190.30 257.55 Td (its ) Tj ET Q q 0 0 0 rg BT 201.79 257.55 Td (principal ) Tj ET Q q 0 0 0 rg BT 239.37 257.55 Td (executive ) Tj ET Q q 0 0 0 rg BT 279.72 257.55 Td (and ) Tj ET Q q 0 0 0 rg BT 296.20 257.55 Td (principal ) Tj ET Q q 0 0 0 rg BT 333.78 257.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.80 257.55 Td (of) Tj ET Q q 0 0 0 rg BT 378.95 257.55 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 405.69 257.55 Td (as ) Tj ET Q q 0 0 0 rg BT 416.06 257.55 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 463.63 257.55 Td (to ) Tj ET Q q 0 0 0 rg BT 473.45 257.55 Td (allow ) Tj ET Q q 0 0 0 rg BT 497.70 257.55 Td (timely ) Tj ET Q q 0 0 0 rg BT 525.29 257.55 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.55 Td (regarding ) Tj ET Q q 0 0 0 rg BT 89.32 245.55 Td (required ) Tj ET Q q 0 0 0 rg BT 124.13 245.55 Td (disclosure. ) Tj ET Q q 0 0 0 rg BT 168.68 245.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 222.39 245.55 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 266.64 245.55 Td (that ) Tj ET Q q 0 0 0 rg BT 283.14 245.55 Td (any ) Tj ET Q q 0 0 0 rg BT 299.08 245.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 332.80 245.55 Td (and ) Tj ET Q q 0 0 0 rg BT 348.74 245.55 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.60 245.55 Td (no ) Tj ET Q q 0 0 0 rg BT 408.11 245.55 Td (matter ) Tj ET Q q 0 0 0 rg BT 435.15 245.55 Td (how ) Tj ET Q q 0 0 0 rg BT 453.87 245.55 Td (well ) Tj ET Q q 0 0 0 rg BT 472.59 245.55 Td (designed ) Tj ET Q q 0 0 0 rg BT 509.64 245.55 Td (and ) Tj ET Q q 0 0 0 rg BT 525.58 245.55 Td (operated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.55 Td (can ) Tj ET Q q 0 0 0 rg BT 65.14 233.55 Td (provide ) Tj ET Q q 0 0 0 rg BT 97.45 233.55 Td (only ) Tj ET Q q 0 0 0 rg BT 116.99 233.55 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 161.50 233.55 Td (assurance ) Tj ET Q q 0 0 0 rg BT 202.13 233.55 Td (of ) Tj ET Q q 0 0 0 rg BT 212.22 233.55 Td (achieving ) Tj ET Q q 0 0 0 rg BT 252.86 233.55 Td (their ) Tj ET Q q 0 0 0 rg BT 272.94 233.55 Td (objectives ) Tj ET Q q 0 0 0 rg BT 315.25 233.55 Td (and ) Tj ET Q q 0 0 0 rg BT 331.45 233.55 Td (management ) Tj ET Q q 0 0 0 rg BT 384.30 233.55 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 430.48 233.55 Td (applies ) Tj ET Q q 0 0 0 rg BT 460.57 233.55 Td (its ) Tj ET Q q 0 0 0 rg BT 471.78 233.55 Td (judgment ) Tj ET Q q 0 0 0 rg BT 511.32 233.55 Td (in ) Tj ET Q q 0 0 0 rg BT 520.86 233.55 Td (evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.55 Td (the ) Tj ET Q q 0 0 0 rg BT 63.55 221.55 Td (cost-benefit ) Tj ET Q q 0 0 0 rg BT 112.59 221.55 Td (relationship ) Tj ET Q q 0 0 0 rg BT 161.64 221.55 Td (of ) Tj ET Q q 0 0 0 rg BT 171.80 221.55 Td (possible ) Tj ET Q q 0 0 0 rg BT 206.42 221.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 240.47 221.55 Td (and ) Tj ET Q q 0 0 0 rg BT 256.75 221.55 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 304.95 221.55 Td (Based ) Tj ET Q q 0 0 0 rg BT 331.22 221.55 Td (on ) Tj ET Q q 0 0 0 rg BT 343.06 221.55 Td (the ) Tj ET Q q 0 0 0 rg BT 357.11 221.55 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 400.60 221.55 Td (of ) Tj ET Q q 0 0 0 rg BT 410.76 221.55 Td (our ) Tj ET Q q 0 0 0 rg BT 425.93 221.55 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 468.31 221.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 502.37 221.55 Td (and ) Tj ET Q q 0 0 0 rg BT 518.64 221.55 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.55 Td (as ) Tj ET Q q 0 0 0 rg BT 60.17 209.55 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.83 209.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.25 209.55 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.25 209.55 Td (, ) Tj ET Q q 0 0 0 rg BT 154.09 209.55 Td (our ) Tj ET Q q 0 0 0 rg BT 169.76 209.55 Td (Chief ) Tj ET Q q 0 0 0 rg BT 194.31 209.55 Td (Executive ) Tj ET Q q 0 0 0 rg BT 236.63 209.55 Td (Of) Tj ET Q q 0 0 0 rg BT 247.00 209.55 Td (ficer ) Tj ET Q q 0 0 0 rg BT 267.65 209.55 Td (and ) Tj ET Q q 0 0 0 rg BT 284.42 209.55 Td (Chief ) Tj ET Q q 0 0 0 rg BT 308.98 209.55 Td (Financial ) Tj ET Q q 0 0 0 rg BT 348.53 209.55 Td (Of) Tj ET Q q 0 0 0 rg BT 358.90 209.55 Td (ficer ) Tj ET Q q 0 0 0 rg BT 379.55 209.55 Td (concluded ) Tj ET Q q 0 0 0 rg BT 422.98 209.55 Td (that, ) Tj ET Q q 0 0 0 rg BT 442.81 209.55 Td (as ) Tj ET Q q 0 0 0 rg BT 453.48 209.55 Td (of ) Tj ET Q q 0 0 0 rg BT 464.14 209.55 Td (such ) Tj ET Q q 0 0 0 rg BT 484.81 209.55 Td (date, ) Tj ET Q q 0 0 0 rg BT 506.30 209.55 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 209.55 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.22 197.55 Td (and ) Tj ET Q q 0 0 0 rg BT 101.16 197.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 147.52 197.55 Td (were ) Tj ET Q q 0 0 0 rg BT 169.45 197.55 Td (ef) Tj ET Q q 0 0 0 rg BT 177.04 197.55 Td (fective ) Tj ET Q q 0 0 0 rg BT 206.74 197.55 Td (at ) Tj ET Q q 0 0 0 rg BT 216.46 197.55 Td (the ) Tj ET Q q 0 0 0 rg BT 231.17 197.55 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 276.43 197.55 Td (assurance ) Tj ET Q q 0 0 0 rg BT 317.80 197.55 Td (level.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 171.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 108.10 171.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 140.59 171.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.65 171.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 191.15 171.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 216.52 171.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 226.80 171.25 Td (Over) Tj ET Q q 0 0 0 rg BT 248.27 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.77 171.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 293.28 171.25 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 154.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.59 154.25 Td (management ) Tj ET Q q 0 0 0 rg BT 143.21 154.25 Td (is ) Tj ET Q q 0 0 0 rg BT 151.42 154.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 198.51 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 211.70 154.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 261.01 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.99 154.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 326.29 154.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 363.36 154.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 395.44 154.25 Td (control ) Tj ET Q q 0 0 0 rg BT 425.31 154.25 Td (over ) Tj ET Q q 0 0 0 rg BT 444.61 154.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.13 154.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 519.32 154.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.52 154.25 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.18 142.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 83.85 142.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 123.51 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.85 142.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 180.07 142.25 Td (under ) Tj ET Q q 0 0 0 rg BT 204.73 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.85 142.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 259.75 142.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 279.42 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.10 142.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 321.54 142.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 366.19 142.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 406.96 142.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 447.17 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.29 142.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 502.06 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.29 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 142.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.66 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.59 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.31 130.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 168.34 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.17 130.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 232.21 130.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.70 130.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 314.41 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 328.57 130.25 Td (external ) Tj ET Q q 0 0 0 rg BT 363.27 130.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 401.32 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 411.60 130.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 459.06 130.25 Td (with ) Tj ET Q q 0 0 0 rg BT 479.34 130.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 499.62 130.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 525.74 130.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 113.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 129.05 113.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 166.28 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.96 113.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 216.85 113.25 Td (control ) Tj ET Q q 0 0 0 rg BT 248.53 113.25 Td (over ) Tj ET Q q 0 0 0 rg BT 269.65 113.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.98 113.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 347.98 113.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.66 113.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.34 113.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.78 113.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.78 113.25 Td (, ) Tj ET Q q 0 0 0 rg BT 456.63 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.19 113.25 Td (end ) Tj ET Q q 0 0 0 rg BT 489.98 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.66 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.34 113.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 543.34 113.25 Td (year) Tj ET Q q 0 0 0 rg BT 560.00 113.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 103.08 101.25 Td (based ) Tj ET Q q 0 0 0 rg BT 127.23 101.25 Td (its ) Tj ET Q q 0 0 0 rg BT 138.06 101.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 183.88 101.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.25 101.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 224.94 101.25 Td (established ) Tj ET Q q 0 0 0 rg BT 270.76 101.25 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.92 101.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 313.51 101.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 336.48 101.25 Td (ol-Integrated ) Tj ET Q q 0 0 0 rg BT 390.62 101.25 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.28 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.66 101.25 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 466.70 101.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.08 101.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.46 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.06 101.25 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.71 89.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 109.14 89.25 Td (Or) Tj ET Q q 0 0 0 rg BT 119.51 89.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 167.93 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.13 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 89.25 Td (T) Tj ET Q q 0 0 0 rg BT 199.78 89.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 236.52 89.25 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 292.46 89.25 Td (Management) Tj ET Q q 0 0 0 rg BT 347.44 89.25 Td (s ) Tj ET Q q 0 0 0 rg BT 354.21 89.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 401.52 89.25 Td (included ) Tj ET Q q 0 0 0 rg BT 438.83 89.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 483.35 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.56 89.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 532.98 89.25 Td (such ) Tj ET Q q 0 0 0 rg BT 554.18 89.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.83 77.25 Td (design ) Tj ET Q q 0 0 0 rg BT 94.05 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.60 77.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 152.47 77.25 Td (ef) Tj ET Q q 0 0 0 rg BT 160.06 77.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 207.60 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.04 77.25 Td (key ) Tj ET Q q 0 0 0 rg BT 236.59 77.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.68 77.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 314.45 77.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 352.28 77.25 Td (process ) Tj ET Q q 0 0 0 rg BT 385.38 77.25 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 450.42 77.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 497.40 77.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 531.62 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 77.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 79.76 65.25 Td (control ) Tj ET Q q 0 0 0 rg BT 110.59 65.25 Td (environment.) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 740.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 112.19 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.44 740.10 Td (management) Tj ET Q q 0 0 0 rg BT 178.31 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 184.45 740.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 233.64 740.10 Td (they ) Tj ET Q q 0 0 0 rg BT 253.10 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 274.23 740.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 317.57 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.82 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.40 740.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 383.19 740.10 Td (control ) Tj ET Q q 0 0 0 rg BT 413.77 740.10 Td (over ) Tj ET Q q 0 0 0 rg BT 433.78 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 471.01 740.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 509.92 740.10 Td (was ) Tj ET Q q 0 0 0 rg BT 527.72 740.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.31 740.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.27 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.04 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.69 728.10 Td (end ) Tj ET Q q 0 0 0 rg BT 102.57 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.34 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.00 728.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 152.09 728.10 Td (year ) Tj ET Q q 0 0 0 rg BT 171.74 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.95 728.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 214.94 728.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 260.13 728.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 301.44 728.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 342.19 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.85 728.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 398.16 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.93 728.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.35 728.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 485.45 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.32 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.98 728.10 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.64 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 113.99 716.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.78 716.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.80 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.27 716.10 Td (external ) Tj ET Q q 0 0 0 rg BT 246.29 716.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 285.75 716.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 324.11 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.70 716.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 382.47 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.06 716.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 423.66 716.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 449.77 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 454.88 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.52 716.10 Td (e ) Tj ET Q q 0 0 0 rg BT 470.77 716.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 510.22 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.25 716.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.17 716.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (management) Tj ET Q q 0 0 0 rg BT 103.37 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 109.76 704.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 156.70 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.98 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.14 704.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 216.42 704.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 263.36 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.19 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.02 704.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 316.96 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.79 704.10 Td (Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 687.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.79 687.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 130.71 687.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.45 687.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 188.50 687.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 215.47 687.10 Td (by ) Tj ET Q q 0 0 0 rg BT 227.43 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.60 687.10 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 264.40 687.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 309.13 687.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.29 687.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 363.58 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.31 687.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 406.37 687.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 456.10 687.10 Td (from ) Tj ET Q q 0 0 0 rg BT 477.50 687.10 Td (their ) Tj ET Q q 0 0 0 rg BT 497.79 687.10 Td (final ) Tj ET Q q 0 0 0 rg BT 518.07 687.10 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.88 675.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 92.46 675.10 Td (control ) Tj ET Q q 0 0 0 rg BT 122.83 675.10 Td (over ) Tj ET Q q 0 0 0 rg BT 142.65 675.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.67 675.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 218.37 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.08 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.34 675.10 Td (first ) Tj ET Q q 0 0 0 rg BT 264.49 675.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 288.19 675.10 Td (year ) Tj ET Q q 0 0 0 rg BT 307.44 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.27 675.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.75 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.01 675.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 403.94 675.10 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 443.46 675.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 461.06 675.10 Td (management) Tj ET Q q 0 0 0 rg BT 514.92 675.10 Td (s ) Tj ET Q q 0 0 0 rg BT 520.86 675.10 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.52 663.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 91.75 663.10 Td (control ) Tj ET Q q 0 0 0 rg BT 121.76 663.10 Td (over ) Tj ET Q q 0 0 0 rg BT 141.21 663.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 177.88 663.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 216.22 663.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 254.00 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.91 663.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 300.14 663.10 Td (control ) Tj ET Q q 0 0 0 rg BT 330.15 663.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 367.94 663.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.95 663.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 418.52 663.10 Td (Resource ) Tj ET Q q 0 0 0 rg BT 457.41 663.10 Td (Center) Tj ET Q q 0 0 0 rg BT 483.67 663.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.85 663.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.12 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.81 663.10 Td (\(dba ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.89 663.10 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.67 663.10 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.02 651.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.76 651.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 126.26 651.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.34 651.10 Td (October ) Tj ET Q q 0 0 0 rg BT 172.63 651.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 182.20 651.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.20 651.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.78 651.10 Td (as ) Tj ET Q q 0 0 0 rg BT 217.19 651.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 257.60 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.46 651.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.98 651.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.98 651.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.56 651.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.99 651.10 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 651.10 Td (, ) Tj ET Q q 0 0 0 rg BT 362.57 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.43 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.72 651.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 412.13 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.99 651.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 476.84 651.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 516.13 651.10 Td (Statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 639.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.02 639.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.35 639.10 Td (included ) Tj ET Q q 0 0 0 rg BT 126.23 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.89 639.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.32 639.10 Td (results ) Tj ET Q q 0 0 0 rg BT 209.88 639.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.89 639.10 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.67 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.12 639.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.34 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.01 639.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 338.00 639.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.42 639.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 422.08 639.10 Td (from ) Tj ET Q q 0 0 0 rg BT 444.97 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.63 639.10 Td (date ) Tj ET Q q 0 0 0 rg BT 480.74 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.51 639.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 542.09 639.10 Td (T) Tj ET Q q 0 0 0 rg BT 547.50 639.10 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.58 627.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 118.44 627.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.20 627.10 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.98 627.10 Td () Tj ET Q q 0 0 0 rg BT 163.76 627.10 Td (s ) Tj ET Q q 0 0 0 rg BT 170.19 627.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 203.27 627.10 Td (control ) Tj ET Q q 0 0 0 rg BT 234.14 627.10 Td (over ) Tj ET Q q 0 0 0 rg BT 254.45 627.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 291.97 627.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 331.16 627.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 379.79 627.10 Td (less ) Tj ET Q q 0 0 0 rg BT 397.33 627.10 Td (than ) Tj ET Q q 0 0 0 rg BT 417.09 627.10 Td (2% ) Tj ET Q q 0 0 0 rg BT 432.96 627.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 464.92 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.79 627.10 Td (our ) Tj ET Q q 0 0 0 rg BT 491.66 627.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 544.75 627.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 615.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.70 615.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.41 615.10 Td (year ) Tj ET Q q 0 0 0 rg BT 136.12 615.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.50 615.10 Td (December ) Tj ET Q q 0 0 0 rg BT 206.08 615.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.58 615.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 615.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.08 615.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 598.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.08 598.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 143.97 598.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 186.42 598.10 Td (public ) Tj ET Q q 0 0 0 rg BT 214.44 598.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 261.33 598.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 284.08 598.10 Td (Grant ) Tj ET Q q 0 0 0 rg BT 309.65 598.10 Td (Thornton ) Tj ET Q q 0 0 0 rg BT 349.89 598.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 366.56 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.08 598.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 431.76 598.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 468.66 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.90 598.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.49 598.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 538.94 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 598.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 586.10 Td (s ) Tj ET Q q 0 0 0 rg BT 95.14 586.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 128.00 586.10 Td (control ) Tj ET Q q 0 0 0 rg BT 158.64 586.10 Td (over ) Tj ET Q q 0 0 0 rg BT 178.72 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.01 586.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 257.48 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.13 586.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 293.77 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.86 586.10 Td (their ) Tj ET Q q 0 0 0 rg BT 324.50 586.10 Td (attestation ) Tj ET Q q 0 0 0 rg BT 367.91 586.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 396.60 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.36 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 432.34 586.10 Td (included ) Tj ET Q q 0 0 0 rg BT 469.09 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.18 586.10 Td (PartII, ) Tj ET Q q 0 0 0 rg BT 509.27 586.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 537.41 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.05 586.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (Form10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 547.80 Td (Changes ) Tj ET Q q 0 0 0 rg BT 88.67 547.80 Td (in ) Tj ET Q q 0 0 0 rg BT 99.51 547.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 137.01 547.80 Td (Contr) Tj ET Q q 0 0 0 rg BT 162.39 547.80 Td (ol ) Tj ET Q q 0 0 0 rg BT 172.66 547.80 Td (over) Tj ET Q q 0 0 0 rg BT 191.36 547.80 Td ( ) Tj ET Q q 0 0 0 rg BT 193.86 547.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.37 547.80 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 530.80 Td (There ) Tj ET Q q 0 0 0 rg BT 99.61 530.80 Td (was ) Tj ET Q q 0 0 0 rg BT 117.96 530.80 Td (no ) Tj ET Q q 0 0 0 rg BT 130.75 530.80 Td (change ) Tj ET Q q 0 0 0 rg BT 161.86 530.80 Td (in ) Tj ET Q q 0 0 0 rg BT 172.43 530.80 Td (our ) Tj ET Q q 0 0 0 rg BT 188.56 530.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 221.89 530.80 Td (control ) Tj ET Q q 0 0 0 rg BT 253.01 530.80 Td (over ) Tj ET Q q 0 0 0 rg BT 273.58 530.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.35 530.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 350.80 530.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 391.92 530.80 Td (in ) Tj ET Q q 0 0 0 rg BT 402.49 530.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 449.16 530.80 Td (with ) Tj ET Q q 0 0 0 rg BT 469.73 530.80 Td (the ) Tj ET Q q 0 0 0 rg BT 484.74 530.80 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 529.18 530.80 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.80 Td (by ) Tj ET Q q 0 0 0 rg BT 62.19 518.80 Td (Rule ) Tj ET Q q 0 0 0 rg BT 83.76 518.80 Td (13a-15\(d\) ) Tj ET Q q 0 0 0 rg BT 125.88 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 143.01 518.80 Td (15d-15\(d\) ) Tj ET Q q 0 0 0 rg BT 185.68 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 196.70 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 211.61 518.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 253.13 518.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 270.25 518.80 Td (that ) Tj ET Q q 0 0 0 rg BT 287.94 518.80 Td (occurred ) Tj ET Q q 0 0 0 rg BT 325.60 518.80 Td (during ) Tj ET Q q 0 0 0 rg BT 354.40 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 369.30 518.80 Td (period ) Tj ET Q q 0 0 0 rg BT 397.53 518.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 431.87 518.80 Td (by ) Tj ET Q q 0 0 0 rg BT 444.56 518.80 Td (this ) Tj ET Q q 0 0 0 rg BT 461.69 518.80 Td (report ) Tj ET Q q 0 0 0 rg BT 488.26 518.80 Td (that ) Tj ET Q q 0 0 0 rg BT 505.94 518.80 Td (has ) Tj ET Q q 0 0 0 rg BT 521.96 518.80 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.80 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 506.80 Td (fected, ) Tj ET Q q 0 0 0 rg BT 86.51 506.80 Td (or ) Tj ET Q q 0 0 0 rg BT 97.34 506.80 Td (is ) Tj ET Q q 0 0 0 rg BT 106.51 506.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 152.33 506.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 177.60 506.80 Td (to ) Tj ET Q q 0 0 0 rg BT 187.88 506.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 230.92 506.80 Td (af) Tj ET Q q 0 0 0 rg BT 238.50 506.80 Td (fect, ) Tj ET Q q 0 0 0 rg BT 258.49 506.80 Td (our ) Tj ET Q q 0 0 0 rg BT 274.32 506.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 307.36 506.80 Td (control ) Tj ET Q q 0 0 0 rg BT 338.19 506.80 Td (over ) Tj ET Q q 0 0 0 rg BT 358.46 506.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.94 506.80 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 471.98 Td (ITEM9B.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 471.98 Td (OTHER INFORMATION) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 451.40 Td (None.) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (91) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 740.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 740.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 740.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 705.43 Td (ITEM10.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 705.43 Td (DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 684.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.65 684.85 Td (information ) Tj ET Q q 0 0 0 rg BT 139.47 684.85 Td (under ) Tj ET Q q 0 0 0 rg BT 163.85 684.85 Td (the ) Tj ET Q q 0 0 0 rg BT 177.68 684.85 Td (captions ) Tj ET Q q 0 0 0 rg BT 212.61 684.85 Td (Election ) Tj ET Q q 0 0 0 rg BT 251.98 684.85 Td (of ) Tj ET Q q 0 0 0 rg BT 261.91 684.85 Td (Directors ) Tj ET Q q 0 0 0 rg BT 305.17 684.85 Td (and ) Tj ET Q q 0 0 0 rg BT 321.21 684.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 357.25 684.85 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 379.96 684.85 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 422.66 684.85 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 468.15 684.85 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 509.75 684.85 Td (Compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.85 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 672.85 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 672.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.61 672.85 Td ( ) Tj ET Q q 0 0 0 rg BT 98.11 672.85 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 124.50 672.85 Td (Statement ) Tj ET Q q 0 0 0 rg BT 166.99 672.85 Td (is ) Tj ET Q q 0 0 0 rg BT 176.16 672.85 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 229.19 672.85 Td (herein ) Tj ET Q q 0 0 0 rg BT 256.68 672.85 Td (by ) Tj ET Q q 0 0 0 rg BT 269.18 672.85 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 638.03 Td (ITEM11.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 638.03 Td (EXECUTIVE COMPENSATION) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 617.45 Td (The ) Tj ET Q q 0 0 0 rg BT 92.77 617.45 Td (information ) Tj ET Q q 0 0 0 rg BT 143.71 617.45 Td (under ) Tj ET Q q 0 0 0 rg BT 170.20 617.45 Td (the ) Tj ET Q q 0 0 0 rg BT 186.14 617.45 Td (captions ) Tj ET Q q 0 0 0 rg BT 223.19 617.45 Td (Election ) Tj ET Q q 0 0 0 rg BT 264.68 617.45 Td (of ) Tj ET Q q 0 0 0 rg BT 276.73 617.45 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 324.60 617.45 Td (Director ) Tj ET Q q 0 0 0 rg BT 366.08 617.45 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 434.52 617.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 500.45 617.45 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 548.07 617.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.45 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 90.99 605.45 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 605.45 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.20 605.45 Td (of ) Tj ET Q q 0 0 0 rg BT 151.58 605.45 Td (the ) Tj ET Q q 0 0 0 rg BT 165.86 605.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 225.69 605.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 272.18 605.45 Td (of ) Tj ET Q q 0 0 0 rg BT 282.57 605.45 Td (the ) Tj ET Q q 0 0 0 rg BT 296.84 605.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 323.33 605.45 Td (of ) Tj ET Q q 0 0 0 rg BT 333.72 605.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 372.98 605.45 Td (on ) Tj ET Q q 0 0 0 rg BT 385.04 605.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 427.07 605.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 491.34 605.45 Td (in ) Tj ET Q q 0 0 0 rg BT 501.17 605.45 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.56 605.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.56 605.45 Td ( ) Tj ET Q q 0 0 0 rg BT 538.62 605.45 Td (Proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 91.99 593.45 Td (is ) Tj ET Q q 0 0 0 rg BT 101.16 593.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 154.19 593.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 181.68 593.45 Td (by ) Tj ET Q q 0 0 0 rg BT 194.18 593.45 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 559.68 Td (ITEM12.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 559.68 Td (SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 549.68 Td (RELATED STOCKHOLDER MATTERS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 528.05 Td (The ) Tj ET Q q 0 0 0 rg BT 92.60 528.05 Td (information ) Tj ET Q q 0 0 0 rg BT 143.36 528.05 Td (under ) Tj ET Q q 0 0 0 rg BT 169.68 528.05 Td (the ) Tj ET Q q 0 0 0 rg BT 185.45 528.05 Td (captions ) Tj ET Q q 0 0 0 rg BT 222.33 528.05 Td (Security ) Tj ET Q q 0 0 0 rg BT 263.64 528.05 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 311.07 528.05 Td (of ) Tj ET Q q 0 0 0 rg BT 322.96 528.05 Td (Certain ) Tj ET Q q 0 0 0 rg BT 355.94 528.05 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 400.58 528.05 Td (Owners ) Tj ET Q q 0 0 0 rg BT 435.23 528.05 Td (and ) Tj ET Q q 0 0 0 rg BT 453.22 528.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 513.42 528.05 Td (and ) Tj ET Q q 0 0 0 rg BT 531.41 528.05 Td (Equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.05 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.77 516.05 Td (Plan ) Tj ET Q q 0 0 0 rg BT 130.05 516.05 Td (Information ) Tj ET Q q 0 0 0 rg BT 184.75 516.05 Td (in ) Tj ET Q q 0 0 0 rg BT 195.03 516.05 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.86 516.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.86 516.05 Td ( ) Tj ET Q q 0 0 0 rg BT 233.36 516.05 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 259.75 516.05 Td (Statement ) Tj ET Q q 0 0 0 rg BT 302.24 516.05 Td (is ) Tj ET Q q 0 0 0 rg BT 311.41 516.05 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 364.45 516.05 Td (herein ) Tj ET Q q 0 0 0 rg BT 391.93 516.05 Td (by ) Tj ET Q q 0 0 0 rg BT 404.43 516.05 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 482.28 Td (ITEM13.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 482.28 Td (CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 472.28 Td (INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 451.65 Td (The ) Tj ET Q q 0 0 0 rg BT 92.14 451.65 Td (information ) Tj ET Q q 0 0 0 rg BT 142.45 451.65 Td (under ) Tj ET Q q 0 0 0 rg BT 168.31 451.65 Td (the ) Tj ET Q q 0 0 0 rg BT 183.62 451.65 Td (captions ) Tj ET Q q 0 0 0 rg BT 220.04 451.65 Td (Election ) Tj ET Q q 0 0 0 rg BT 260.89 451.65 Td (of ) Tj ET Q q 0 0 0 rg BT 272.31 451.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 317.05 451.65 Td (and ) Tj ET Q q 0 0 0 rg BT 334.58 451.65 Td (Certain ) Tj ET Q q 0 0 0 rg BT 371.55 451.65 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 429.08 451.65 Td (and ) Tj ET Q q 0 0 0 rg BT 446.62 451.65 Td (Related ) Tj ET Q q 0 0 0 rg BT 480.03 451.65 Td (T) Tj ET Q q 0 0 0 rg BT 485.78 451.65 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 538.30 451.65 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 451.65 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.65 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 439.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 439.65 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 98.39 439.65 Td (Statement ) Tj ET Q q 0 0 0 rg BT 140.88 439.65 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 439.65 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 203.08 439.65 Td (herein ) Tj ET Q q 0 0 0 rg BT 230.57 439.65 Td (by ) Tj ET Q q 0 0 0 rg BT 243.07 439.65 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 404.83 Td (ITEM14.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 404.83 Td (PRINCIPAL ACCOUNTING FEES AND SERVICES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 384.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.22 384.25 Td (information ) Tj ET Q q 0 0 0 rg BT 142.61 384.25 Td (under ) Tj ET Q q 0 0 0 rg BT 168.55 384.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.94 384.25 Td (caption ) Tj ET Q q 0 0 0 rg BT 216.55 384.25 Td (Ratification ) Tj ET Q q 0 0 0 rg BT 271.37 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.87 384.25 Td (Selection ) Tj ET Q q 0 0 0 rg BT 323.26 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.76 384.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 387.36 384.25 Td (Registered ) Tj ET Q q 0 0 0 rg BT 433.29 384.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 461.32 384.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 511.15 384.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 538.21 384.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 384.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 372.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 372.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 98.39 372.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 140.88 372.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 372.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 203.08 372.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 230.57 372.25 Td (by ) Tj ET Q q 0 0 0 rg BT 243.07 372.25 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 355.85 Td (W) Tj ET Q q 0 0 0 rg BT 82.54 355.85 Td (ith ) Tj ET Q q 0 0 0 rg BT 95.70 355.85 Td (the ) Tj ET Q q 0 0 0 rg BT 110.53 355.85 Td (exception ) Tj ET Q q 0 0 0 rg BT 152.01 355.85 Td (of ) Tj ET Q q 0 0 0 rg BT 162.95 355.85 Td (the ) Tj ET Q q 0 0 0 rg BT 177.78 355.85 Td (information ) Tj ET Q q 0 0 0 rg BT 227.60 355.85 Td (specifically ) Tj ET Q q 0 0 0 rg BT 276.30 355.85 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 329.44 355.85 Td (by ) Tj ET Q q 0 0 0 rg BT 342.05 355.85 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.84 355.85 Td (in ) Tj ET Q q 0 0 0 rg BT 392.23 355.85 Td (Part ) Tj ET Q q 0 0 0 rg BT 410.95 355.85 Td (III ) Tj ET Q q 0 0 0 rg BT 423.55 355.85 Td (to ) Tj ET Q q 0 0 0 rg BT 433.94 355.85 Td (this ) Tj ET Q q 0 0 0 rg BT 450.42 355.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 482.47 355.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 512.30 355.85 Td (on ) Tj ET Q q 0 0 0 rg BT 524.91 355.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 549.19 355.85 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.85 Td (K ) Tj ET Q q 0 0 0 rg BT 59.22 343.85 Td (from ) Tj ET Q q 0 0 0 rg BT 81.16 343.85 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.99 343.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.99 343.85 Td ( ) Tj ET Q q 0 0 0 rg BT 119.49 343.85 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 145.88 343.85 Td (Statement, ) Tj ET Q q 0 0 0 rg BT 190.87 343.85 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.70 343.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.70 343.85 Td ( ) Tj ET Q q 0 0 0 rg BT 229.20 343.85 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 255.59 343.85 Td (Statement ) Tj ET Q q 0 0 0 rg BT 298.08 343.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 319.47 343.85 Td (not ) Tj ET Q q 0 0 0 rg BT 334.75 343.85 Td (be ) Tj ET Q q 0 0 0 rg BT 346.69 343.85 Td (deemed ) Tj ET Q q 0 0 0 rg BT 380.28 343.85 Td (to ) Tj ET Q q 0 0 0 rg BT 390.56 343.85 Td (be ) Tj ET Q q 0 0 0 rg BT 402.50 343.85 Td (filed ) Tj ET Q q 0 0 0 rg BT 423.32 343.85 Td (as ) Tj ET Q q 0 0 0 rg BT 434.15 343.85 Td (part ) Tj ET Q q 0 0 0 rg BT 452.20 343.85 Td (of ) Tj ET Q q 0 0 0 rg BT 463.03 343.85 Td (this ) Tj ET Q q 0 0 0 rg BT 479.98 343.85 Td (report.) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (92) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 740.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 740.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 740.25 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 705.43 Td (ITEM15.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.50 705.43 Td (EXHIBITS AND FINANCIAL STATEMENT SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 670.42 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 670.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.15 670.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 680.42 Td (Financial StatementsThe financial statements filed as part of this report are listed on the Index to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 670.42 Td (Consolidated Financial Statements in Item8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 645.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.15 645.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 655.42 Td (Financial Statement SchedulesThe financial statement schedules filed as part of this report are listed on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 645.42 Td (the Index to Consolidated Financial Statements in Item8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 620.42 Td (\(b\)Exhibits.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (Reference is made to the Exhibit Index attached hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 572.95 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 572.95 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 554.95 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 110.91 554.95 Td (to ) Tj ET Q q 0 0 0 rg BT 121.11 554.95 Td (the ) Tj ET Q q 0 0 0 rg BT 135.74 554.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 190.35 554.95 Td (of ) Tj ET Q q 0 0 0 rg BT 201.10 554.95 Td (Section ) Tj ET Q q 0 0 0 rg BT 233.50 554.95 Td (13 ) Tj ET Q q 0 0 0 rg BT 245.92 554.95 Td (or ) Tj ET Q q 0 0 0 rg BT 256.66 554.95 Td (Section ) Tj ET Q q 0 0 0 rg BT 289.07 554.95 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 313.14 554.95 Td (of ) Tj ET Q q 0 0 0 rg BT 323.89 554.95 Td (the ) Tj ET Q q 0 0 0 rg BT 338.52 554.95 Td (Securities ) Tj ET Q q 0 0 0 rg BT 380.36 554.95 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 421.67 554.95 Td (Act ) Tj ET Q q 0 0 0 rg BT 438.52 554.95 Td (of ) Tj ET Q q 0 0 0 rg BT 449.27 554.95 Td (1934, ) Tj ET Q q 0 0 0 rg BT 474.18 554.95 Td (the ) Tj ET Q q 0 0 0 rg BT 488.81 554.95 Td (registrant ) Tj ET Q q 0 0 0 rg BT 528.99 554.95 Td (has ) Tj ET Q q 0 0 0 rg BT 544.73 554.95 Td (duly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.95 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.21 542.95 Td (this ) Tj ET Q q 0 0 0 rg BT 96.16 542.95 Td (report ) Tj ET Q q 0 0 0 rg BT 122.53 542.95 Td (to ) Tj ET Q q 0 0 0 rg BT 132.81 542.95 Td (be ) Tj ET Q q 0 0 0 rg BT 144.75 542.95 Td (signed ) Tj ET Q q 0 0 0 rg BT 173.36 542.95 Td (on ) Tj ET Q q 0 0 0 rg BT 185.86 542.95 Td (its ) Tj ET Q q 0 0 0 rg BT 197.81 542.95 Td (behalf ) Tj ET Q q 0 0 0 rg BT 225.29 542.95 Td (by ) Tj ET Q q 0 0 0 rg BT 237.79 542.95 Td (the ) Tj ET Q q 0 0 0 rg BT 252.51 542.95 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 306.38 542.95 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 346.65 542.95 Td (duly ) Tj ET Q q 0 0 0 rg BT 366.93 542.95 Td (authorized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.95 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 484.45 m 563 484.45 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.50 511.18 Td (ELLIEMAE,INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 490.02 Td (Date:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.90 490.02 Td (March 2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.05 489.12 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 490.02 Td (/s/ Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 475.02 Td (Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 460.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 305.80 460.17 Td (V) Tj ET Q q 0 0 0 rg BT 312.42 460.17 Td (ice President, Finance and ) Tj ET Q q 0 0 0 rg BT 419.33 460.17 Td (Administration and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 450.17 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 338.30 450.17 Td (ficer) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 263.50 440.16 Td (\(Principal Financial and ) Tj ET Q q 0 0 0 rg BT 365.80 440.16 Td (Accounting Officer and duly authorized ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 263.50 430.16 Td (signatory\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.40 390.05 Td (POWER OF) Tj ET Q q 0 0 0 rg BT 304.19 390.05 Td ( ) Tj ET Q q 0 0 0 rg BT 306.14 390.05 Td (A) Tj ET Q q 0 0 0 rg BT 312.62 390.05 Td (TT) Tj ET Q q 0 0 0 rg BT 325.78 390.05 Td (ORNEY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 369.05 Td (KNOW) Tj ET Q q 0 0 0 rg BT 104.42 369.05 Td ( ) Tj ET Q q 0 0 0 rg BT 107.50 369.05 Td (ALL) Tj ET Q q 0 0 0 rg BT 126.57 369.05 Td ( ) Tj ET Q q 0 0 0 rg BT 130.52 369.05 Td (PERSONS ) Tj ET Q q 0 0 0 rg BT 178.38 369.05 Td (BY) Tj ET Q q 0 0 0 rg BT 191.90 369.05 Td ( ) Tj ET Q q 0 0 0 rg BT 195.56 369.05 Td (THESE ) Tj ET Q q 0 0 0 rg BT 230.62 369.05 Td (PRESENTS, ) Tj ET Q q 0 0 0 rg BT 285.98 369.05 Td (that ) Tj ET Q q 0 0 0 rg BT 304.92 369.05 Td (each ) Tj ET Q q 0 0 0 rg BT 327.19 369.05 Td (person ) Tj ET Q q 0 0 0 rg BT 357.80 369.05 Td (whose ) Tj ET Q q 0 0 0 rg BT 387.30 369.05 Td (individual ) Tj ET Q q 0 0 0 rg BT 431.81 369.05 Td (signature ) Tj ET Q q 0 0 0 rg BT 472.41 369.05 Td (appears ) Tj ET Q q 0 0 0 rg BT 506.90 369.05 Td (below ) Tj ET Q q 0 0 0 rg BT 535.29 369.05 Td (hereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.05 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 93.53 357.05 Td (and ) Tj ET Q q 0 0 0 rg BT 110.90 357.05 Td (appoints ) Tj ET Q q 0 0 0 rg BT 147.72 357.05 Td (Jonathan ) Tj ET Q q 0 0 0 rg BT 186.19 357.05 Td (Corr ) Tj ET Q q 0 0 0 rg BT 207.46 357.05 Td (and ) Tj ET Q q 0 0 0 rg BT 224.83 357.05 Td (Edgar ) Tj ET Q q 0 0 0 rg BT 250.99 357.05 Td (A. ) Tj ET Q q 0 0 0 rg BT 263.64 357.05 Td (Luce, ) Tj ET Q q 0 0 0 rg BT 289.06 357.05 Td (and ) Tj ET Q q 0 0 0 rg BT 306.43 357.05 Td (each ) Tj ET Q q 0 0 0 rg BT 327.68 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 338.94 357.05 Td (them, ) Tj ET Q q 0 0 0 rg BT 364.37 357.05 Td (with ) Tj ET Q q 0 0 0 rg BT 385.08 357.05 Td (full ) Tj ET Q q 0 0 0 rg BT 401.90 357.05 Td (power ) Tj ET Q q 0 0 0 rg BT 429.82 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 441.08 357.05 Td (substitution ) Tj ET Q q 0 0 0 rg BT 490.69 357.05 Td (and ) Tj ET Q q 0 0 0 rg BT 508.06 357.05 Td (resubstitution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 345.05 Td (full ) Tj ET Q q 0 0 0 rg BT 82.46 345.05 Td (power ) Tj ET Q q 0 0 0 rg BT 109.77 345.05 Td (to ) Tj ET Q q 0 0 0 rg BT 119.87 345.05 Td (act ) Tj ET Q q 0 0 0 rg BT 133.84 345.05 Td (without ) Tj ET Q q 0 0 0 rg BT 166.72 345.05 Td (the ) Tj ET Q q 0 0 0 rg BT 181.25 345.05 Td (other) Tj ET Q q 0 0 0 rg BT 201.40 345.05 Td (, ) Tj ET Q q 0 0 0 rg BT 206.22 345.05 Td (as ) Tj ET Q q 0 0 0 rg BT 216.86 345.05 Td (his ) Tj ET Q q 0 0 0 rg BT 230.85 345.05 Td (or ) Tj ET Q q 0 0 0 rg BT 241.50 345.05 Td (her ) Tj ET Q q 0 0 0 rg BT 256.59 345.05 Td (true ) Tj ET Q q 0 0 0 rg BT 274.45 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 291.21 345.05 Td (lawful ) Tj ET Q q 0 0 0 rg BT 319.08 345.05 Td (attorney-in-fact ) Tj ET Q q 0 0 0 rg BT 383.58 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 400.34 345.05 Td (agent ) Tj ET Q q 0 0 0 rg BT 424.31 345.05 Td (to ) Tj ET Q q 0 0 0 rg BT 434.41 345.05 Td (act ) Tj ET Q q 0 0 0 rg BT 448.38 345.05 Td (in ) Tj ET Q q 0 0 0 rg BT 458.48 345.05 Td (his ) Tj ET Q q 0 0 0 rg BT 472.47 345.05 Td (or ) Tj ET Q q 0 0 0 rg BT 483.12 345.05 Td (her ) Tj ET Q q 0 0 0 rg BT 498.20 345.05 Td (name, ) Tj ET Q q 0 0 0 rg BT 524.68 345.05 Td (place ) Tj ET Q q 0 0 0 rg BT 548.09 345.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.05 Td (stead ) Tj ET Q q 0 0 0 rg BT 72.41 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 89.21 333.05 Td (to ) Tj ET Q q 0 0 0 rg BT 99.34 333.05 Td (execute ) Tj ET Q q 0 0 0 rg BT 132.24 333.05 Td (in ) Tj ET Q q 0 0 0 rg BT 142.37 333.05 Td (the ) Tj ET Q q 0 0 0 rg BT 156.95 333.05 Td (name ) Tj ET Q q 0 0 0 rg BT 180.97 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 197.76 333.05 Td (on ) Tj ET Q q 0 0 0 rg BT 210.12 333.05 Td (behalf ) Tj ET Q q 0 0 0 rg BT 237.47 333.05 Td (of ) Tj ET Q q 0 0 0 rg BT 248.16 333.05 Td (each ) Tj ET Q q 0 0 0 rg BT 268.83 333.05 Td (person, ) Tj ET Q q 0 0 0 rg BT 300.35 333.05 Td (individually ) Tj ET Q q 0 0 0 rg BT 351.04 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 367.84 333.05 Td (in ) Tj ET Q q 0 0 0 rg BT 377.98 333.05 Td (each ) Tj ET Q q 0 0 0 rg BT 398.66 333.05 Td (capacity ) Tj ET Q q 0 0 0 rg BT 434.33 333.05 Td (stated ) Tj ET Q q 0 0 0 rg BT 460.01 333.05 Td (below) Tj ET Q q 0 0 0 rg BT 483.80 333.05 Td (, ) Tj ET Q q 0 0 0 rg BT 488.66 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 505.46 333.05 Td (to ) Tj ET Q q 0 0 0 rg BT 515.60 333.05 Td (file ) Tj ET Q q 0 0 0 rg BT 531.28 333.05 Td (any ) Tj ET Q q 0 0 0 rg BT 548.08 333.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (all ) Tj ET Q q 0 0 0 rg BT 62.97 321.05 Td (amendments ) Tj ET Q q 0 0 0 rg BT 116.99 321.05 Td (to ) Tj ET Q q 0 0 0 rg BT 128.25 321.05 Td (this ) Tj ET Q q 0 0 0 rg BT 145.41 321.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 178.32 321.05 Td (Report ) Tj ET Q q 0 0 0 rg BT 209.02 321.05 Td (on ) Tj ET Q q 0 0 0 rg BT 222.50 321.05 Td (Form ) Tj ET Q q 0 0 0 rg BT 247.65 321.05 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 274.18 321.05 Td (and ) Tj ET Q q 0 0 0 rg BT 292.09 321.05 Td (to ) Tj ET Q q 0 0 0 rg BT 303.35 321.05 Td (file ) Tj ET Q q 0 0 0 rg BT 320.15 321.05 Td (the ) Tj ET Q q 0 0 0 rg BT 335.85 321.05 Td (same, ) Tj ET Q q 0 0 0 rg BT 362.37 321.05 Td (with ) Tj ET Q q 0 0 0 rg BT 383.63 321.05 Td (all ) Tj ET Q q 0 0 0 rg BT 397.10 321.05 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 432.24 321.05 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 465.99 321.05 Td (and ) Tj ET Q q 0 0 0 rg BT 483.90 321.05 Td (other ) Tj ET Q q 0 0 0 rg BT 507.93 321.05 Td (documents ) Tj ET Q q 0 0 0 rg BT 554.73 321.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.60 309.05 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 138.09 309.05 Td (with ) Tj ET Q q 0 0 0 rg BT 158.10 309.05 Td (the ) Tj ET Q q 0 0 0 rg BT 172.54 309.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 214.20 309.05 Td (and ) Tj ET Q q 0 0 0 rg BT 230.87 309.05 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 272.52 309.05 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 327.82 309.05 Td (granting ) Tj ET Q q 0 0 0 rg BT 363.37 309.05 Td (unto ) Tj ET Q q 0 0 0 rg BT 383.38 309.05 Td (said ) Tj ET Q q 0 0 0 rg BT 401.71 309.05 Td (attorneys-in-fact ) Tj ET Q 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 334.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.85 309.07 Td (101.INS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 308.17 Td (XBRL Instance Document) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 308.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 283.07 Td (101.SCH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 282.17 Td (XBRL Taxonomy Extension Schema Document) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 282.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.35 257.07 Td (101.CAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 256.17 Td (XBRL Taxonomy Extension Calculation Linkbase Document) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 256.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.10 231.07 Td (101.DEF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 230.17 Td (XBRL Taxonomy Extension Definition Linkbase Document) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 230.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 205.07 Td (101.LAB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 204.17 Td (XBRL Taxonomy Extension Label Linkbase Document) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 204.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.65 179.07 Td (101.PRE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 178.17 Td (XBRL Taxonomy Extension Presentation Linkbase Document) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 178.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 82.17 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 152.17 Td (Exhibits 32.1 and 32.2 are being furnished and shall not be) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 142.17 Td (deemed to be filed for purposes of Section18 of the Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 132.17 Td (Exchange Act of 1934, as amended \(the Exchange Act\), or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 122.17 Td (otherwise subject to the liability of that section, nor shall such) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 112.17 Td (exhibits be deemed to be incorporated by reference in any) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 102.17 Td (registration statement or other document filed under the Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 92.17 Td (Act of 1933, as amended, or the Exchange Act, except as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 82.17 Td (otherwise specifically stated in such filing.) Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 731.5 m 415 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 731.5 m 419 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 731.5 m 466 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 731.5 m 470 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 731.5 m 512 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 717.5 m 95 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 95 717.5 m 107 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 107 717.5 m 381 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 717.5 m 385 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 717.5 m 415 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 717.5 m 419 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 717.5 m 466 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 717.5 m 470 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 717.5 m 512 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 717.5 m 516 717.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 717.5 m 562 717.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.65 736.18 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.60 736.18 Td (Incorporated by Reference) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.65 736.18 Td (Filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.80 722.18 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.15 722.18 Td (Description of Document) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.55 722.18 Td (Form) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 722.18 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.80 722.18 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.55 722.18 Td (Herewith) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 697.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 707.17 Td (Indicates management contract or compensatory plan, contract or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 697.17 Td (arrangement.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 772.75 Td (Exhibit 10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 31.60 Td (-1-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.35 742.25 Td (ELLIE MAE, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.70 718.25 Td (CHANGE IN CONTROL) Tj ET Q q 0 0 0 rg BT 299.71 718.25 Td ( SEVERANCE ) Tj ET Q q 0 0 0 rg BT 365.84 718.25 Td (AGREEMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 694.25 Td (This Change in Control Severance ) Tj ET Q q 0 0 0 rg BT 243.19 694.25 Td (Agreement \(the Agreement\) is made and entered into by and between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.25 Td (__________________ \(the Executive\) and Ellie Mae, Inc. \(the Company\), ef) Tj ET Q q 0 0 0 rg BT 393.32 682.25 Td (fective as of the latest date set forth by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.25 Td (the signatures of the parties hereto below \(the Ef) Tj ET Q q 0 0 0 rg BT 266.13 670.25 Td (fective Date\).) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 278.75 644.9169921875 m 342.1923828125 644.9169921875 l s q 0 0 0 rg BT 278.75 646.25 Td (R E C I ) Tj ET Q q 0 0 0 rg BT 311.35 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 317.28 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.22 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 325.89 646.25 Td ( L) Tj ET Q q 0 0 0 rg BT 334.13 646.25 Td ( S) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 622.25 Td (A. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 622.25 Td (It is expected that the Company from time to time will consider the possibility of an acquisition by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 610.25 Td (another company or other change in control. ) Tj ET Q q 0 0 0 rg BT 249.76 610.25 Td (The Board of Directors of the Company \(the Board\) recognizes that such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.25 Td (consideration, as well as the possibility of an involuntary termination or reduction in responsibility) Tj ET Q q 0 0 0 rg BT 461.78 598.25 Td (, can be a distraction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.25 Td (to Executive and can cause Executive to consider alternative employment opportunities. ) Tj ET Q q 0 0 0 rg BT 424.70 586.25 Td (The Board has determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.25 Td (it is in the best interests of the Company and its stockholders to assure that the Company will have the continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.25 Td (dedication and objectivity of Executive, notwithstanding the possibility) Tj ET Q q 0 0 0 rg BT 352.35 562.25 Td (, threat or occurrence of such an event.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 538.25 Td (B. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 538.25 Td (The Board believes that it is in the best interests of the Company and its stockholders to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.25 Td (Executive with an incentive to continue Executive) Tj ET Q q 0 0 0 rg BT 271.32 526.25 Td (s employment and to motivate Executive to maximize the value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.25 Td (Company upon a Change in Control \(as defined below\) for the benefit of its stockholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 490.25 Td (C. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 490.25 Td (The Board believes that it is imperative to provide Executive with severance benefits upon certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.25 Td (terminations of Executive) Tj ET Q q 0 0 0 rg BT 173.58 478.25 Td (s service to the Company that enhance Executive) Tj ET Q q 0 0 0 rg BT 372.68 478.25 Td (s financial security and provide incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.25 Td (and encouragement to Executive to remain with the Company notwithstanding the possibility of such an event.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 442.25 Td (D. ) Tj ET Q q 0 0 0 rg BT 139.50 442.25 Td (This ) Tj ET Q q 0 0 0 rg BT 159.23 442.25 Td (Agreement supersedes and replaces that certain Change in Control Severance ) Tj ET Q q 0 0 0 rg BT 470.77 442.25 Td (Agreement entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.25 Td (into by and between the Executive and the Company) Tj ET Q q 0 0 0 rg BT 277.90 430.25 Td (, dated September 10, 2010, which has expired by its terms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 406.25 Td (E. ) Tj ET Q q 0 0 0 rg BT 139.50 406.25 Td (Certain capitalized terms used in this ) Tj ET Q q 0 0 0 rg BT 289.46 406.25 Td (Agreement are defined in Section6 below) Tj ET Q q 0 0 0 rg BT 457.64 406.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 382.25 Td (The parties hereto agree as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 358.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 356.9169921875 m 217.6591796875 356.9169921875 l s q 0 0 0 rg BT 139.50 358.25 Td (T) Tj ET Q q 0 0 0 rg BT 144.91 358.25 Td (erm of ) Tj ET Q q 0 0 0 rg BT 173.24 358.25 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.66 358.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.98 358.25 Td (The initial term of this ) Tj ET Q q 0 0 0 rg BT 316.91 358.25 Td (Agreement shall be for a period three \(3\) years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.25 Td (commencing on the Ef) Tj ET Q q 0 0 0 rg BT 158.13 346.25 Td (fective Date. ) Tj ET Q q 0 0 0 rg BT 214.02 346.25 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 255.25 346.25 Td (, this ) Tj ET Q q 0 0 0 rg BT 276.65 346.25 Td (Agreement shall automatically renew for successive one \(1\) year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.25 Td (terms unless the Company provides written notice of non-renewal to Executive at least one hundred eighty \(180\) days ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.25 Td (prior to the expiration of the then current term. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 298.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 296.9169921875 m 224.36328125 296.9169921875 l s q 0 0 0 rg BT 139.50 298.25 Td (At-W) Tj ET Q q 0 0 0 rg BT 161.87 298.25 Td (ill Employment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.36 298.25 Td (. ) Tj ET Q q 0 0 0 rg BT 231.68 298.25 Td (The Company and Executive acknowledge that Executive) Tj ET Q q 0 0 0 rg BT 466.04 298.25 Td (s employment is, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.25 Td (shall continue to be, at-will, as defined under applicable law) Tj ET Q q 0 0 0 rg BT 316.48 286.25 Td (. If Executive) Tj ET Q q 0 0 0 rg BT 375.90 286.25 Td (s employment terminates for any reason, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.25 Td (Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.25 Td (this ) Tj ET Q q 0 0 0 rg BT 83.90 262.25 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 238.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 236.9169921875 m 367.185546875 236.9169921875 l s q 0 0 0 rg BT 139.50 238.25 Td (Covered ) Tj ET Q q 0 0 0 rg BT 175.70 238.25 Td (T) Tj ET Q q 0 0 0 rg BT 181.11 238.25 Td (ermination During a Change in Control Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.19 238.25 Td (. If Executive experiences a Covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 226.25 Td (ermination during a Change in Control Period, and if Executive executes and fails to revoke during any applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.25 Td (revocation period a general release of claims against the Company and its af) Tj ET Q q 0 0 0 rg BT 372.20 214.25 Td (filiates in a form acceptable to the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.25 Td (\(a Release of Claims\) within sixty \(60\) days, or such shorter period of time specified by the Company) Tj ET Q q 0 0 0 rg BT 482.86 202.25 Td (, following such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.25 Td (Covered ) Tj ET Q q 0 0 0 rg BT 103.70 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 109.11 190.25 Td (ermination, then in addition to any accrued but unpaid salary) Tj ET Q q 0 0 0 rg BT 351.72 190.25 Td (, bonus, vacation and expense reimbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.25 Td (payable in accordance with applicable law) Tj ET Q q 0 0 0 rg BT 236.49 178.25 Td (, the Company shall provide Executive with the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 154.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 152.9169921875 m 216.583984375 152.9169921875 l s q 0 0 0 rg BT 175.50 154.25 Td (Severance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.58 154.25 Td (. Executive shall be entitled to receive an amount equal to twelve \(12\) months of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 110.26 142.25 Td (s base salary at the higher of the rate in ef) Tj ET Q q 0 0 0 rg BT 276.67 142.25 Td (fect immediately prior to Executive) Tj ET Q q 0 0 0 rg BT 421.62 142.25 Td (s termination of employment or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.25 Td (the Change in Control, such amount to be payable in a cash lump sum, less applicable withholdings, as soon as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.25 Td (administratively practicable following the date the Release of Claims is not subject to revocation \(or) Tj ET Q q 0 0 0 rg BT 468.09 118.25 Td (, if later) Tj ET Q q 0 0 0 rg BT 499.06 118.25 Td (, the date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.25 Td (the Change in Control\) and, in any event, within sixty \(60\) days following the date of the Covered ) Tj ET Q q 0 0 0 rg BT 462.24 106.25 Td (T) Tj ET Q q 0 0 0 rg BT 467.65 106.25 Td (ermination.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 82.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 80.9169921875 m 234.298828125 80.9169921875 l s q 0 0 0 rg BT 175.50 82.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 204.11 82.25 Td (A) Tj ET Q q 0 0 0 rg BT 210.42 82.25 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.30 82.25 Td (. Each outstanding equity award, including, without limitation, each stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.25 Td (option and restricted stock award, held by Executive shall automatically become vested and, if applicable, exercisable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.25 Td (and any forfeiture restrictions or rights of repurchase thereon shall immediately lapse, in each case, with respect to one ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 31.60 Td (-2-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (hundred percent \(100%\) of the shares subject thereto and, to the extent applicable, the exercisability of such equity award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (shall be extended to the end of the original term thereof. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 706.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 704.7669921875 m 262.9658203125 704.7669921875 l s q 0 0 0 rg BT 175.50 706.10 Td (Continued Healthcare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.97 706.10 Td (. If Executive elects to receive continued healthcare coverage pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (to the provisions of Consolidated Omnibus Budget Reconciliation ) Tj ET Q q 0 0 0 rg BT 333.59 694.10 Td (Act of 1985, as amended \(COBRA\), the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td (shall directly pay) Tj ET Q q 0 0 0 rg BT 135.72 682.10 Td (, or reimburse Executive for) Tj ET Q q 0 0 0 rg BT 247.77 682.10 Td (, the premium for Executive and Executive) Tj ET Q q 0 0 0 rg BT 422.43 682.10 Td (s covered dependents through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td (the earlier of \(i\) the twelve \(12\) month anniversary of the date of Executive) Tj ET Q q 0 0 0 rg BT 371.54 670.10 Td (s termination of employment and \(ii\) the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td (Executive and Executive) Tj ET Q q 0 0 0 rg BT 169.68 658.10 Td (s covered dependents, if any) Tj ET Q q 0 0 0 rg BT 282.60 658.10 Td (, become eligible for healthcare coverage under another employer) Tj ET Q q 0 0 0 rg BT 545.89 658.10 Td () Tj ET Q q 0 0 0 rg BT 548.67 658.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 646.10 Td (plan\(s\). ) Tj ET Q q 0 0 0 rg BT 102.22 646.10 Td (After the Company ceases to pay premiums pursuant to the preceding sentence, Executive may) Tj ET Q q 0 0 0 rg BT 482.00 646.10 Td (, if eligible, elect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 634.10 Td (to continue healthcare coverage at Executive) Tj ET Q q 0 0 0 rg BT 249.35 634.10 Td (s expense in accordance the provisions of COBRA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 610.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 608.7669921875 m 217.2099609375 608.7669921875 l s q 0 0 0 rg BT 139.50 610.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 164.59 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 170.00 610.10 Td (erminations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.21 610.10 Td (. If Executive) Tj ET Q q 0 0 0 rg BT 276.63 610.10 Td (s service with the Company is terminated by the Company or by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td (Executive for any or no reason other than by virtue of a Covered ) Tj ET Q q 0 0 0 rg BT 328.06 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 333.47 598.10 Td (ermination during a Change in Control Period, then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.10 Td (Executive shall not be entitled to any benefits hereunder other than accrued but unpaid salary) Tj ET Q q 0 0 0 rg BT 439.49 586.10 Td (, bonus, vacation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td (expense reimbursement in accordance with applicable law and to elect any continued healthcare coverage as may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.10 Td (required under COBRA) Tj ET Q q 0 0 0 rg BT 162.49 562.10 Td ( or similar state law) Tj ET Q q 0 0 0 rg BT 240.70 562.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 538.10 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 536.7669921875 m 235.603515625 536.7669921875 l s q 0 0 0 rg BT 139.50 538.10 Td (Limitation on Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 538.10 Td (. Notwithstanding anything in this ) Tj ET Q q 0 0 0 rg BT 373.94 538.10 Td (Agreement to the contrary) Tj ET Q q 0 0 0 rg BT 478.52 538.10 Td (, if any payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (or distribution Executive would receive pursuant to this ) Tj ET Q q 0 0 0 rg BT 291.90 526.10 Td (Agreement or otherwise \(Payment\) would \(a\) constitute a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (parachute payment within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (Code\), and \(b\) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code \(the Excise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 490.10 Td (ax\), then such Payment shall either be \(i\) delivered in full, or \(ii\) delivered as to such lesser extent which would result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (in no portion of such Payment being subject to the Excise ) Tj ET Q q 0 0 0 rg BT 300.33 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 305.74 478.10 Td (ax, whichever of the foregoing amounts, taking into account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.10 Td (the applicable federal, state and local income taxes and the Excise ) Tj ET Q q 0 0 0 rg BT 333.87 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 339.28 466.10 Td (ax, results in the receipt by Executive on an after) Tj ET Q q 0 0 0 rg BT 534.56 466.10 Td (-tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (basis, of the lar) Tj ET Q q 0 0 0 rg BT 128.41 454.10 Td (gest payment, notwithstanding that all or some portion the Payment may be taxable under Section 4999 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.10 Td (the Code. ) Tj ET Q q 0 0 0 rg BT 108.14 442.10 Td (The accounting firm engaged by the Company for general audit purposes as of the day prior to the ef) Tj ET Q q 0 0 0 rg BT 511.17 442.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (date of the Change in Control shall perform the foregoing calculations. ) Tj ET Q q 0 0 0 rg BT 355.85 430.10 Td (The Company shall bear all expenses with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (respect to the determinations by such accounting firm required to be made hereunder) Tj ET Q q 0 0 0 rg BT 406.27 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 413.59 418.10 Td (The accounting firm shall provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (its calculations to the Company and Executive within fifteen \(15\) calendar days after the date on which Executive) Tj ET Q q 0 0 0 rg BT 525.40 406.10 Td (s right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.10 Td (to a Payment is triggered \(if requested at that time by the Company or Executive\) or such other time as requested by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (Company or Executive. ) Tj ET Q q 0 0 0 rg BT 166.65 382.10 Td (Any good faith determinations of the accounting firm made hereunder shall be final, binding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td (and conclusive upon the Company and Executive. ) Tj ET Q q 0 0 0 rg BT 272.17 370.10 Td (Any reduction in payments and/or benefits pursuant to this Section 5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td (will occur in the following order: \(1\) reduction of cash payments; \(2\) cancellation of accelerated vesting of equity awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.10 Td (other than stock options; \(3\) cancellation of accelerated vesting of stock options; and \(4\) reduction of other benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (payable to Executive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 310.10 Td (6. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 308.7669921875 m 218.6015625 308.7669921875 l s q 0 0 0 rg BT 139.50 310.10 Td (Definition of ) Tj ET Q q 0 0 0 rg BT 193.75 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 199.16 310.10 Td (erms) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.92 310.10 Td (The following terms referred to in this ) Tj ET Q q 0 0 0 rg BT 381.16 310.10 Td (Agreement shall have the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (meanings:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 274.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 272.7669921875 m 199.9384765625 272.7669921875 l s q 0 0 0 rg BT 175.50 274.10 Td (Cause) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.94 274.10 Td (. Cause means \(i\) an act of dishonesty made by the Executive in connection with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 110.26 262.10 Td (s responsibilities as an employee, \(ii\) the Executive) Tj ET Q q 0 0 0 rg BT 318.54 262.10 Td (s conviction of, or plea of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 423.78 262.10 Td (nolo contender) Tj ET Q q 0 0 0 rg BT 483.68 262.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.12 262.10 Td ( to, a felony) Tj ET Q q 0 0 0 rg BT 535.23 262.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td (\(iii\) the Executive) Tj ET Q q 0 0 0 rg BT 142.47 250.10 Td (s gross misconduct or \(iv\) the Executive) Tj ET Q q 0 0 0 rg BT 306.32 250.10 Td (s continued substantial violations of his employment duties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (after the Executive has received a written demand for performance from the Board which specifically sets forth the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (factual basis for the Company) Tj ET Q q 0 0 0 rg BT 190.24 226.10 Td (s belief that the Executive has not substantially performed his duties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 202.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 200.76699218750002 m 249.3818359375 200.76699218750002 l s q 0 0 0 rg BT 175.50 202.10 Td (Change in Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.38 202.10 Td (. Change in Control means the consummation of any of the following) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.10 Td ( transactions: \(i\) any person \(as such term is used in Sections 13\(d\) and 14\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 496.55 190.10 Td (Act of 1934, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.10 Td (as amended\) is or becomes the beneficial owner \(as defined in ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 327.67 178.10 Td (Rule 13d-3 under said ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 418.21 178.10 Td (Act\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.23921568627450981 0.23921568627450981 0.23921568627450981 rg BT 435.98 178.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 440.98 178.10 Td (directly or indirectly) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 522.52 178.10 Td (, of ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 166.10 Td (securities of the Company representing 50% or more of the total voting power represented by the Company) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 500.16 166.10 Td (s then ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 154.10 Td (outstanding voting securities; or \(ii\) a change in the composition of the Board occurring within a two-year period, as a ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 142.10 Td (result of which fewer than a majority of the directors are Incumbent Directors \(as defined below\); or \(iii\) the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 130.10 Td (consummation of a mer) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 162.02 130.10 Td (ger or consolidation of the Company with any other corporation that has been approved by the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 118.10 Td (shareholders of the Company) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 184.32 118.10 Td (, other than a mer) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 254.39 118.10 Td (ger or consolidation which would result in the voting securities of the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 106.10 Td (Company outstanding immediately prior thereto continuing to represent \(either by remaining outstanding or by being ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 94.10 Td (converted into voting securities of the surviving entity\) more than 50% of the total voting power represented by the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 82.10 Td (voting securities of the Company or such surviving entity outstanding immediately after such mer) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 458.63 82.10 Td (ger or consolidation, or ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 70.10 Td (the shareholders of the Company approve a plan of complete liquidation of the Company; or \(iv\) the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 58.10 Td (consummation of the sale or disposition by the Company of all or substantially all the Company) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 454.39 58.10 Td (s assets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3215686274509804 0.3215686274509804 0.3215686274509804 rg BT 484.11 58.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 46.10 Td (Notwithstanding the foregoing, a transaction shall not constitute a Change in Control unless it also constitutes a ) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 31.60 Td (-3-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (change in control event, as defined in ) Tj ET Q q 0 0 0 rg BT 228.36 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.12 742.10 Td (reasury Regulation 1.409A-3\(i\)\(5\). ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 384.08 742.10 Td (Incumbent Directors will mean ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 730.10 Td (directors who either \(A\) are directors of the Company as of the date of this ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 368.24 730.10 Td (Agreement, or \(B\) are elected, or nominated ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 718.10 Td (for election, to the Board with the af) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 212.83 718.10 Td (firmative votes of at least a majority of the Incumbent Directors at the time of such ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 706.10 Td (election or nomination \(but will not include an individual whose election or nomination is in connection with an actual or ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 694.10 Td (threatened proxy contest relating to the election of directors to the Company\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 139.50 670.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 668.7669921875 m 277.990234375 668.7669921875 l s q 0 0 0 rg BT 175.50 670.10 Td (Change in Control Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.99 670.10 Td (. Change in Control Period means the period of time commencing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td (sixty \(60\) days prior to a Change in Control and ending on the first anniversary of the Change in Control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 634.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 632.7669921875 m 277.6533203125 632.7669921875 l s q 0 0 0 rg BT 175.50 634.10 Td (Constructive ) Tj ET Q q 0 0 0 rg BT 228.92 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.33 634.10 Td (ermination) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 634.10 Td (. Constructive ) Tj ET Q q 0 0 0 rg BT 343.01 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 348.42 634.10 Td (ermination means Executive) Tj ET Q q 0 0 0 rg BT 469.49 634.10 Td (s resignation from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.10 Td (employment with the Company after the occurrence, without Executive) Tj ET Q q 0 0 0 rg BT 356.57 622.10 Td (s written consent, of any of the following:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 524.32 622.10 Td ( \(i\) a ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 610.10 Td (material reduction by the Company in the base salary of the Executive as in ef) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 379.99 610.10 Td (fect immediately prior to such reduction; ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 598.10 Td (\(ii\) a material breach by the Company of this ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 249.39 598.10 Td (Agreement or any of) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 332.23 598.10 Td (fer letter or employment agreement between Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 586.10 Td (and the Company; \(iii\) the material relocation of Executive) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 306.86 586.10 Td (s principal place of employment to a facility or a location ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 574.10 Td (more than 50 miles from the Executive) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 226.34 574.10 Td (s then) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5333333333333333 0.5333333333333333 0.5333333333333333 rg BT 249.95 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 252.45 574.10 Td (present principal place of employment; or \(iv\) a material reduction of the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 562.10 Td (Executive) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 110.26 562.10 Td (s duties, authority or responsibilities with respect to the business of the) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 393.55 562.10 Td ( Company as it existed prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 67.50 550.10 Td (Change in Control) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3137254901960784 0.3137254901960784 0.3137254901960784 rg BT 141.38 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 148.70 550.10 Td (The parties acknowledge that either a change in the Executive) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 399.42 550.10 Td (s title without a corresponding change ) Tj ET Q BT /F1 10.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 67.50 538.10 Td (in the Executive) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 135.25 538.10 Td (s duties, position or responsibilities or a change in the person or entities to whom the Executive reports ) Tj ET Q BT /F1 10.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 67.50 526.10 Td (are typical changes following a Change in Control and do not alone constitute a Constructive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 441.95 526.10 Td (T) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 447.36 526.10 Td (ermination.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 493.18 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (Notwithstanding the foregoing, a resignation shall not constitute a Constructive ) Tj ET Q q 0 0 0 rg BT 391.98 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 397.39 514.10 Td (ermination unless the event or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (condition giving rise to such resignation continues more than thirty \(30\) days following Executive) Tj ET Q q 0 0 0 rg BT 462.70 502.10 Td (s written notice of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td (such condition provided to the Company within ninety \(90\) days of the first occurrence of such event or condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (such resignation is ef) Tj ET Q q 0 0 0 rg BT 152.02 478.10 Td (fective within thirty \(30\) days following the end of such notice period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 454.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 452.7669921875 m 260.4267578125 452.7669921875 l s q 0 0 0 rg BT 175.50 454.10 Td (Covered ) Tj ET Q q 0 0 0 rg BT 211.70 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.11 454.10 Td (ermination) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.43 454.10 Td (. Covered ) Tj ET Q q 0 0 0 rg BT 308.56 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 313.97 454.10 Td (ermination shall mean Executive) Tj ET Q q 0 0 0 rg BT 452.53 454.10 Td (s Constructive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 442.10 Td (ermination or the termination of Executive) Tj ET Q q 0 0 0 rg BT 246.46 442.10 Td (s employment by the Company other than for Cause.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 418.10 Td (7. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 416.7669921875 m 183.3818359375 416.7669921875 l s q 0 0 0 rg BT 139.50 418.10 Td (Successors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.38 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 394.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 392.7669921875 m 267.4384765625 392.7669921875 l s q 0 0 0 rg BT 175.50 394.10 Td (Company) Tj ET Q q 0 0 0 rg BT 217.17 394.10 Td (s Successors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.44 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 274.39 394.10 Td (Any successor to the Company \(whether direct or indirect and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (whether by purchase, mer) Tj ET Q q 0 0 0 rg BT 170.61 382.10 Td (ger) Tj ET Q q 0 0 0 rg BT 182.98 382.10 Td (, consolidation, liquidation or otherwise\) to all or substantially all of the Company) Tj ET Q q 0 0 0 rg BT 514.59 382.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td (business and/or assets shall assume the obligations under this ) Tj ET Q q 0 0 0 rg BT 314.42 370.10 Td (Agreement and agree expressly to perform the obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td (under this ) Tj ET Q q 0 0 0 rg BT 109.17 358.10 Td (Agreement in the same manner and to the same extent as the Company would be required to perform such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.10 Td (obligations in the absence of a succession. For all purposes under this ) Tj ET Q q 0 0 0 rg BT 350.22 346.10 Td (Agreement, the term Company shall include any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (successor to the Company) Tj ET Q q 0 0 0 rg BT 174.98 334.10 Td (s business and/or assets which executes and delivers the assumption agreement described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (this Section7\(a\) or which becomes bound by the terms of this ) Tj ET Q q 0 0 0 rg BT 317.46 322.10 Td (Agreement by operation of law) Tj ET Q q 0 0 0 rg BT 441.76 322.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 298.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 296.7669921875 m 268.5322265625 296.7669921875 l s q 0 0 0 rg BT 175.50 298.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 218.26 298.10 Td (s Successors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.53 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 275.85 298.10 Td (The terms of this ) Tj ET Q q 0 0 0 rg BT 345.84 298.10 Td (Agreement and all rights of Executive hereunder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (shall inure to the benefit of, and be enforceable by) Tj ET Q q 0 0 0 rg BT 267.88 286.10 Td (, Executive) Tj ET Q q 0 0 0 rg BT 315.64 286.10 Td (s personal or legal representatives, executors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (administrators, successors, heirs, distributees, devisees and legatees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 250.10 Td (8. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 248.76699218750002 m 170.046875 248.76699218750002 l s q 0 0 0 rg BT 139.50 250.10 Td (Notices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.05 250.10 Td (. Notices and all other communications contemplated by this ) Tj ET Q q 0 0 0 rg BT 416.94 250.10 Td (Agreement shall be in writing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (shall be deemed to have been duly given when personally delivered or one day following mailing via Federal Express or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (similar overnight courier service. In the case of Executive, mailed notices shall be addressed to Executive at Executive) Tj ET Q q 0 0 0 rg BT 547.32 226.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.10 Td (home address that the Company has on file for Executive. In the case of the Company) Tj ET Q q 0 0 0 rg BT 413.14 214.10 Td (, mailed notices shall be addressed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td (to its corporate headquarters, and all notices shall be directed to the attention of its Chief Executive Of) Tj ET Q q 0 0 0 rg BT 477.18 202.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 494.95 202.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 178.10 Td (9. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 176.76699218750002 m 274.4853515625 176.76699218750002 l s q 0 0 0 rg BT 139.50 178.10 Td (Confidentiality; Non-Solicitation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 154.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 152.76699218750002 m 235.72216796875 152.76699218750002 l s q 0 0 0 rg BT 175.50 154.10 Td (Confidentiality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.40 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.72 154.10 Td (While Executive is employed by the Company) Tj ET Q q 0 0 0 rg BT 428.69 154.10 Td (, and thereafter) Tj ET Q q 0 0 0 rg BT 488.53 154.10 Td (, Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.10 Td (shall not directly or indirectly disclose or make available to any person, firm, corporation, association or other entity for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.10 Td (any reason or purpose whatsoever) Tj ET Q q 0 0 0 rg BT 203.16 130.10 Td (, any Confidential Information \(as defined below\). Upon termination of Executive) Tj ET Q q 0 0 0 rg BT 536.68 130.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.10 Td (employment with the Company) Tj ET Q q 0 0 0 rg BT 193.22 118.10 Td (, all Confidential Information in Executive) Tj ET Q q 0 0 0 rg BT 366.51 118.10 Td (s possession that is in written or other tangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.10 Td (form \(together with all copies or duplicates thereof, including computer files\) shall be returned to the Company and shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.10 Td (not be retained by Executive or furnished to any third party) Tj ET Q q 0 0 0 rg BT 304.00 94.10 Td (, in any form except as provided herein; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 465.89 94.10 Td (pr) Tj ET Q q 0 0 0 rg BT 474.41 94.10 Td (ovided, however) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.94 94.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 82.10 Td (that Executive shall not be obligated to treat as confidential, or return to the Company copies of any Confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.10 Td (Information that \(i\)was publicly known at the time of disclosure to Executive, \(ii\)becomes publicly known or available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.10 Td (thereafter other than by any means in violation of this ) Tj ET Q q 0 0 0 rg BT 284.11 58.10 Td (Agreement or any other duty owed to the Company by any person ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 46.10 Td (or entity) Tj ET Q q 0 0 0 rg BT 100.45 46.10 Td (, or \(iii\)is lawfully disclosed to Executive by a third party) Tj ET Q q 0 0 0 rg BT 331.97 46.10 Td (. For purposes of this ) Tj ET Q q 0 0 0 rg BT 421.14 46.10 Td (Agreement, the term ) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 31.60 Td (-4-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (Confidential Information shall mean information disclosed to Executive or known by Executive as a consequence of or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (through his or her relationship with the Company) Tj ET Q q 0 0 0 rg BT 264.32 730.10 Td (, about the customers, employees, business methods, public relations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (methods, or) Tj ET Q q 0 0 0 rg BT 114.54 718.10 Td (ganization, procedures or finances, including, without limitation, information of or relating to customer lists, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td (of the Company and its af) Tj ET Q q 0 0 0 rg BT 170.91 706.10 Td (filiates. In addition, Executive shall continue to be subject to the Employee Confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (Information and Invention ) Tj ET Q q 0 0 0 rg BT 174.98 694.10 Td (Assignment ) Tj ET Q q 0 0 0 rg BT 224.70 694.10 Td (Agreement entered into between Executive and the Company \(the Confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 117.21 682.10 Td (Agreement\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 658.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 656.7669921875 m 242.16015625 656.7669921875 l s q 0 0 0 rg BT 175.50 658.10 Td (Non-Solicitation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.16 658.10 Td (. In addition to each Executive) Tj ET Q q 0 0 0 rg BT 369.62 658.10 Td (s obligations under the Confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 646.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 117.21 646.10 Td (Agreement, Executive shall not for a period of two\(2\) years following Executive) Tj ET Q q 0 0 0 rg BT 445.16 646.10 Td (s termination of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 634.10 Td (employment for any reason, either on Executive) Tj ET Q q 0 0 0 rg BT 262.71 634.10 Td (s own account or jointly with or as a manager) Tj ET Q q 0 0 0 rg BT 444.76 634.10 Td (, agent, of) Tj ET Q q 0 0 0 rg BT 484.57 634.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 502.48 634.10 Td (, employee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.10 Td (consultant, partner) Tj ET Q q 0 0 0 rg BT 141.52 622.10 Td (, joint venturer) Tj ET Q q 0 0 0 rg BT 200.27 622.10 Td (, owner or stockholder or otherwise on behalf of any other person, firm or corporation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td (directly or indirectly solicit or attempt to solicit away from the Company any of its of) Tj ET Q q 0 0 0 rg BT 409.18 610.10 Td (ficers or employees or of) Tj ET Q q 0 0 0 rg BT 508.96 610.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td (employment to any person who is an of) Tj ET Q q 0 0 0 rg BT 225.35 598.10 Td (ficer or employee of the Company; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 368.08 598.10 Td (pr) Tj ET Q q 0 0 0 rg BT 376.60 598.10 Td (ovided, however) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.13 598.10 Td (, that a general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.10 Td (advertisement to which an employee of the Company responds shall in no event be deemed to result in a breach of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td (Section9\(b\). Executive also agrees not to harass or disparage the Company or its employees, clients, directors or agents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.10 Td (or divert or attempt to divert any actual or potential business of the Company) Tj ET Q q 0 0 0 rg BT 375.39 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 538.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 536.7669921875 m 264.9482421875 536.7669921875 l s q 0 0 0 rg BT 175.50 538.10 Td (Survival of Provisions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.95 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 272.27 538.10 Td (The provisions of this Section9 shall survive the termination or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (expiration of the applicable Executive) Tj ET Q q 0 0 0 rg BT 222.44 526.10 Td (s employment with the Company and shall be fully enforceable thereafter) Tj ET Q q 0 0 0 rg BT 516.23 526.10 Td (. If it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (determined by a court of competent jurisdiction in any state that any restriction in this Section9 is excessive in duration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (or scope or is unreasonable or unenforceable under the laws of that state, it is the intention of the parties that such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td (restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (of that state.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 454.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 452.7669921875 m 348.2294921875 452.7669921875 l s q 0 0 0 rg BT 175.50 454.10 Td (Conditional Nature of Severance Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.23 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 353.05 454.10 Td (The Executive agrees and acknowledges that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.10 Td (Executive's right to receive the severance payments set forth in Section 3 \(to the extent the Executive is otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (entitled to such payments\) shall be conditioned upon compliance with the restriction in this Section 9. In the event of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (any breach of this Section 9, the Company shall be entitled to recover from the Executive, and the Executive shall pay to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (the Company) Tj ET Q q 0 0 0 rg BT 120.45 406.10 Td (, the amount equal to the amount paid to the Executive pursuant to Section 3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 382.10 Td (10. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 380.7669921875 m 216.443359375 380.7669921875 l s q 0 0 0 rg BT 139.50 382.10 Td (Dispute Resolution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.44 382.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 139.50 358.10 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 150.60 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.10980392156862745 0.10980392156862745 0.10980392156862745 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 356.7669921875 m 207.1455078125 356.7669921875 l s q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 175.50 358.10 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 207.15 358.10 Td (. In consideration of the Executive) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 344.88 358.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 347.65 358.10 Td (s service to the Company) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 448.09 358.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 453.09 358.10 Td (its promise to arbitrate ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 346.10 Td (all employment related disputes and the Executive) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 271.88 346.10 Td (s receipt of the compensation, pay raises and other benefits paid to the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 334.10 Td (Executive by the Company) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 175.43 334.10 Td (, at present and in the future, the Executive agrees that any and all controversies, claims or ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 322.10 Td (disputes with anyone \(including the Company and any employee, of) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 340.04 322.10 Td (ficer) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 357.95 322.10 Td (, director) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 393.65 322.10 Td (, shareholder or benefit plan of the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 310.10 Td (Company in their capacity as such or otherwise\) arising out of, relating to, or resulting from the Executive) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 494.88 310.10 Td (s service to ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 298.10 Td (the Company under this ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 165.27 298.10 Td (Agreement or otherwise or the termination of the Executive) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 406.85 298.10 Td (s service with the Company) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 517.29 298.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 286.10 Td (including any breach of this ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 181.08 286.10 Td (Agreement, will be subject to binding arbitration under the ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 418.25 286.10 Td (Arbitration Rules set forth in ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 274.10 Td (California Code of Civil Procedure Section 1280 through 1294) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 319.13 274.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 321.63 274.10 Td (2, including Section 1283.05 \(the Rules\) and pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 262.10 Td (to California law) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 134.61 262.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 139.61 262.10 Td (Disputes which the Executive agrees to arbitrate, and thereby agrees to waive any right to a trial by ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 250.10 Td (jury) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 82.96 250.10 Td (, include any statutory claims under state or federal law) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 303.90 250.10 Td (, including, but not limited to, claims under ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 479.53 250.10 Td (T) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 485.28 250.10 Td (itle ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 500.38 250.10 Td (VII of the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 238.10 Td (Civil Rights ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 118.07 238.10 Td (Act of 1964, the ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 185.00 238.10 Td (Americans with Disabilities ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 298.60 238.10 Td (Act of 1990, the ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 365.53 238.10 Td (Age Discrimination in Employment ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 511.07 238.10 Td (Act of ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 226.10 Td (1967, the Older ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 132.30 226.10 Td (W) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 140.94 226.10 Td (orkers Benefit Protection ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 243.42 226.10 Td (Act) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 257.86 226.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 262.86 226.10 Td (the California Fair Employment and Housing ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 446.16 226.10 Td (Act, the California Labor ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 214.10 Td (Code, claims of harassment, discrimination or wrongful termination and any statutory claims. ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 444.18 214.10 Td (The Executive further ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 202.10 Td (understands that this ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 151.66 202.10 Td (Agreement to arbitrate also applies to any disputes that the Company may have with the Executive) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 546.27 202.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 139.50 166.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.66 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.10980392156862745 0.10980392156862745 0.10980392156862745 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 164.76699218750002 m 216.037109375 164.76699218750002 l s q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 175.50 166.10 Td (Procedure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 216.04 166.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 220.86 166.10 Td (The Executive agrees that any arbitration will be administered by the ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 498.82 166.10 Td (American ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 154.10 Td (Arbitration ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 113.88 154.10 Td (Association \(the AAA\) and that a neutral arbitrator will be selected in a manner consistent with its National ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 142.10 Td (Rules for the Resolution of Employment Disputes) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 267.48 142.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 274.80 142.10 Td (The arbitration proceedings will allow for discovery according to the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 130.10 Td (rules set forth in the ) Tj ET Q BT /F4 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 149.98 130.10 Td (National Rules for the Resolution of Employment Disputes or California Code of Civil Pr) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 507.65 130.10 Td (ocedur) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 535.05 130.10 Td (e) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 539.49 130.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 118.10 Td (The Executive agrees that the arbitrator will have the power to decide any motions brought by any party to the ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 106.10 Td (arbitration, including motions for summary judgment and/or adjudication and motions to dismiss and demurrers, prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 94.10 Td (any arbitration hearing. ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 163.39 94.10 Td (The Executive agrees that the arbitrator will issue a written decision on the merits) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 490.23 94.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 495.05 94.10 Td (The Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 82.10 Td (also agrees that the arbitrator will have the power to award any remedies, including attorneys) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 442.46 82.10 Td ( fees and costs, available ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 70.10 Td (under applicable law) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 150.15 70.10 Td (. ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 154.97 70.10 Td (The Executive understands the Company will pay for any administrative or hearing fees char) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 526.61 70.10 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 58.10 Td (by the arbitrator or the ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 159.41 58.10 Td (AAA) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 180.53 58.10 Td ( except that the Executive will pay the first $100) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.33725490196078434 0.33725490196078434 0.33725490196078434 rg BT 374.63 58.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 377.13 58.10 Td (00 of any filing fees associated with any ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 46.10 Td (arbitration the Executive initiates) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 200.51 46.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 205.33 46.10 Td (The Executive agrees that the arbitrator will administer and conduct any arbitration in ) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 300.15 31.60 Td (-5-) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 742.10 Td (a manner consistent with the Rules and that to the extent that the ) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 327.71 742.10 Td (AAA) Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 348.27 742.10 Td () Tj ET Q q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 351.05 742.10 Td (s National Rules for the Resolution of ) Tj ET Q BT /F1 10.00 Tf ET q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 67.50 730.10 Td (Employment Disputes conflict with the Rules, the Rules will take precedence.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10980392156862745 0.10980392156862745 0.10980392156862745 rg BT 139.50 706.10 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 150.60 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 704.7669921875 m 208.50048828125 704.7669921875 l s q 0 0 0 rg BT 175.50 706.10 Td (Remedy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.18 706.10 Td (. Except as provided by the Rules and Sections 10\(d\) and 10\(e\) hereof, arbitration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (will be the sole, exclusive and final remedy for any dispute between the Executive and the Company) Tj ET Q q 0 0 0 rg BT 469.22 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 473.67 694.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 523.01 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td (except as provided for by the Rules, neither the Executive nor the Company will be permitted to pursue court action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td (regarding claims that are subject to arbitration. Notwithstanding the foregoing, the arbitrator will not have the authority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td (to disregard or refuse to enforce any lawful Company policy) Tj ET Q q 0 0 0 rg BT 308.72 658.10 Td (, and the arbitrator will not order or require the Company to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 646.10 Td (adopt a policy not otherwise required by law which the Company has not adopted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 622.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 620.7669921875 m 303.33203125 620.7669921875 l s q 0 0 0 rg BT 175.50 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 181.98 622.10 Td (vailability of Injunctive Relief) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.33 622.10 Td (. In addition to the right under the Rules to petition the court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td (for provisional relief, the Executive agrees that any party may also petition the court for injunctive relief where either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td (party alleges or claims a violation of this ) Tj ET Q q 0 0 0 rg BT 232.46 598.10 Td (Agreement or the Confidential Information ) Tj ET Q q 0 0 0 rg BT 407.13 598.10 Td (Agreement or any other agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.10 Td (regarding trade secrets, confidential information, non-solicitation or Labor Code 2870. In the event either party seeks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td (injunctive relief, the prevailing party will be entitled to recover reasonable costs and attorneys) Tj ET Q q 0 0 0 rg BT 446.06 574.10 Td ( fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 550.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 548.7669921875 m 262.423828125 548.7669921875 l s q 0 0 0 rg BT 175.50 550.10 Td (Administrative Relief) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.42 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.74 550.10 Td (The Executive understands that this ) Tj ET Q q 0 0 0 rg BT 414.43 550.10 Td (Agreement does not prohibit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 538.10 Td (Executive from pursuing an administrative claim with a local, state or federal administrative body such as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (Department of Fair Employment and Housing, the Equal Employment Opportunity Commission or the workers) Tj ET Q q 0 0 0 rg BT 516.13 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (compensation board. ) Tj ET Q q 0 0 0 rg BT 155.63 514.10 Td (This ) Tj ET Q q 0 0 0 rg BT 175.36 514.10 Td (Agreement does, however) Tj ET Q q 0 0 0 rg BT 279.64 514.10 Td (, preclude the Executive from pursuing court action regarding any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (such claim. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 478.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 476.7669921875 m 301.6669921875 476.7669921875 l s q 0 0 0 rg BT 175.50 478.10 Td (V) Tj ET Q q 0 0 0 rg BT 181.43 478.10 Td (oluntary Nature of ) Tj ET Q q 0 0 0 rg BT 257.24 478.10 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.67 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.99 478.10 Td (The Executive acknowledges and agrees that the Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.10 Td (is executing this ) Tj ET Q q 0 0 0 rg BT 134.44 466.10 Td (Agreement voluntarily and without any duress or undue influence by the Company or anyone else. ) Tj ET Q q 0 0 0 rg BT 531.38 466.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (Executive further acknowledges and agrees that the Executive has carefully read this ) Tj ET Q q 0 0 0 rg BT 408.47 454.10 Td (Agreement and that the Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.10 Td (has asked any questions needed for the Executive to understand the terms, consequences and binding ef) Tj ET Q q 0 0 0 rg BT 481.64 442.10 Td (fect of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (Agreement and fully understand it, including that the Executive is waiving the Executive) Tj ET Q q 0 0 0 rg BT 426.01 430.10 Td (s right to a jury trial. Finally) Tj ET Q q 0 0 0 rg BT 538.40 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (the Executive agrees that the Executive has been provided an opportunity to seek the advice of an attorney of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 110.26 406.10 Td (s choice before signing this ) Tj ET Q q 0 0 0 rg BT 221.63 406.10 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 382.10 Td (1) Tj ET Q q 0 0 0 rg BT 108.13 382.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 139.5 380.7669921875 m 241.9951171875 380.7669921875 l s q 0 0 0 rg BT 139.50 382.10 Td (Miscellaneous Provisions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 382.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 358.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 356.7669921875 m 230.216796875 356.7669921875 l s q 0 0 0 rg BT 175.50 358.10 Td (Section 409A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 358.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 334.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 211.5 332.7669921875 m 308.6875 332.7669921875 l s q 0 0 0 rg BT 211.50 334.10 Td (Separation from Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.69 334.10 Td (. Notwithstanding any provision to the contrary in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (Agreement, no amount deemed deferred compensation subject to Section 409A) Tj ET Q q 0 0 0 rg BT 384.63 322.10 Td ( of the Code shall be payable pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (Section 3 unless Executive) Tj ET Q q 0 0 0 rg BT 177.75 310.10 Td (s termination of employment constitutes a separation from service with the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (within the meaning of Section 409A) Tj ET Q q 0 0 0 rg BT 212.20 298.10 Td ( of the Code and the Department of ) Tj ET Q q 0 0 0 rg BT 355.86 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 361.62 298.10 Td (reasury regulations and other guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (promulgated thereunder \(Separation from Service\) and, except as provided under Section 1) Tj ET Q q 0 0 0 rg BT 440.32 286.10 Td (1\(a\)\(ii\) of this ) Tj ET Q q 0 0 0 rg BT 498.36 286.10 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (any such amount shall not be paid, or in the case of installments, commence payment, until the sixtieth \(60) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 494.35 278.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.40 274.10 Td (\) day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td (following Executive) Tj ET Q q 0 0 0 rg BT 151.65 262.10 Td (s Separation from Service. ) Tj ET Q q 0 0 0 rg BT 262.17 262.10 Td (Any installment payments that would have been made to Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td (during the sixty \(60\) day period immediately following Executive) Tj ET Q q 0 0 0 rg BT 333.55 250.10 Td (s Separation from Service but for the preceding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (sentence shall be paid to Executive on the sixtieth \(60) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.71 242.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.77 238.10 Td (\) day following Executive) Tj ET Q q 0 0 0 rg BT 394.68 238.10 Td (s Separation from Service and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (remaining payments shall be made as provided in this ) Tj ET Q q 0 0 0 rg BT 284.40 226.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 202.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 211.5 200.76699218750002 m 292.3056640625 200.76699218750002 l s q 0 0 0 rg BT 211.50 202.10 Td (Specified Employee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.31 202.10 Td (. Notwithstanding any provision to the contrary in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.10 Td (Agreement, if Executive is deemed at the time of his separation from service to be a specified employee for purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.10 Td (of Section 409A\(a\)\(2\)\(B\)\(i\) of the Code, to the extent delayed commencement of any portion of the benefits to which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.10 Td (Executive is entitled under this ) Tj ET Q q 0 0 0 rg BT 193.31 166.10 Td (Agreement is required in order to avoid a prohibited distribution under Section 409A\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.10 Td (\(2\)\(B\)\(i\) of the Code, such portion of Executive) Tj ET Q q 0 0 0 rg BT 261.89 154.10 Td (s benefits shall not be provided to Executive prior to the earlier of \(a\) the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.10 Td (expiration of the six \(6\)-month period measured from the date of the Executive) Tj ET Q q 0 0 0 rg BT 386.28 142.10 Td (s Separation from Service or \(b\) the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.10 Td (of Executive) Tj ET Q q 0 0 0 rg BT 121.09 130.10 Td (s death. Upon the first business day following the expiration of the applicable Code Section 409A\(a\)\(2\)\(B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.10 Td (\(i\) period, all payments deferred pursuant to this Section 1) Tj ET Q q 0 0 0 rg BT 300.40 118.10 Td (1\(a\)\(ii\) shall be paid in a lump sum to Executive, and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.10 Td (remaining payments due under this ) Tj ET Q q 0 0 0 rg BT 209.97 106.10 Td (Agreement shall be paid as otherwise provided herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 82.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 211.5 80.76699218750002 m 315.0888671875 80.76699218750002 l s q 0 0 0 rg BT 211.50 82.10 Td (Expense Reimbursements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.09 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.41 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 327.82 82.10 Td (o the extent that any reimbursements payable pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.10 Td (to this ) Tj ET Q q 0 0 0 rg BT 94.17 70.10 Td (Agreement are subject to the provisions of Section 409A) Tj ET Q q 0 0 0 rg BT 320.79 70.10 Td ( of the Code, any such reimbursements payable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.10 Td (Executive pursuant to this ) Tj ET Q q 0 0 0 rg BT 173.59 58.10 Td (Agreement shall be paid to Executive no later than December 31 of the year following the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 46.10 Td (in which the expense was incurred, the amount of expenses reimbursed in one year shall not af) Tj ET Q q 0 0 0 rg BT 445.81 46.10 Td (fect the amount eligible ) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 31.60 Td (-6-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (for reimbursement in any subsequent year) Tj ET Q q 0 0 0 rg BT 235.10 742.10 Td (, and Executive) Tj ET Q q 0 0 0 rg BT 299.80 742.10 Td (s right to reimbursement under this ) Tj ET Q q 0 0 0 rg BT 442.00 742.10 Td (Agreement will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (subject to liquidation or exchange for another benefit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 706.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 704.7669921875 m 203.84716796875 704.7669921875 l s q 0 0 0 rg BT 175.50 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 184.14 706.10 Td (aiver) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.57 706.10 Td (. No provision of this ) Tj ET Q q 0 0 0 rg BT 293.30 706.10 Td (Agreement shall be modified, waived or dischar) Tj ET Q q 0 0 0 rg BT 485.55 706.10 Td (ged unless the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (modification, waiver or dischar) Tj ET Q q 0 0 0 rg BT 192.83 694.10 Td (ge is agreed to in writing and signed by Executive and by an authorized of) Tj ET Q q 0 0 0 rg BT 489.79 694.10 Td (ficer of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td (Company \(other than Executive\). No waiver by either party of any breach of, or of compliance with, any condition or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td (provision of this ) Tj ET Q q 0 0 0 rg BT 135.00 670.10 Td (Agreement by the other party shall be considered a waiver of any other condition or provision or of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td (same condition or provision at another time.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 490.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 175.5 488.7669921875 m 227.1552734375 488.7669921875 l s q 0 0 0 rg BT 175.50 490.10 Td (Counterparts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.16 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 234.47 490.10 Td (This ) Tj ET Q q 0 0 0 rg BT 254.20 490.10 Td (Agreement may be executed in counterparts, each of which shall be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (deemed an original, but all of which together will constitute one and the same instrument.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.50 382.10 Td (ELLIE MAE, INC.) 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334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.50 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 361.26 334.10 Td (itle:_________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 322.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.50 310.10 Td (Date:_________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 262.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.50 262.10 Td (EXECUTIVE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.50 238.10 Td (______________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 214.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.50 202.10 Td (Date:___________________________________ ) Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 23.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.85 730.25 Td (CONSENT) Tj ET Q q 0 0 0 rg BT 180.01 730.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 196.03 730.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 271.14 730.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 381.44 730.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 704.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 704.25 Td (e have issued our reports dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.71 704.25 Td (March2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.31 704.25 Td (, with respect to the consolidated financial statements, schedule and internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (control over financial reporting included in the ) Tj ET Q q 0 0 0 rg BT 239.11 692.25 Td (Annual Report of Ellie Mae, Inc. on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 680.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 680.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.04 680.25 Td (e hereby consent to the incorporation by reference of said reports in the Registration Statements of Ellie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (Mae, Inc. on Forms S-3 \(File No. 333-181980, ef) Tj ET Q q 0 0 0 rg BT 247.02 668.25 Td (fective June 7, 2012 and as amended June 20, 2012\) and on Forms S-8 \(File ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (No.333-174460, ef) Tj ET Q q 0 0 0 rg BT 128.14 656.25 Td (fective May25, 201) Tj ET Q q 0 0 0 rg BT 208.30 656.25 Td (1, File No.333-179318, ef) Tj ET Q q 0 0 0 rg BT 314.50 656.25 Td (fective February2, 2012, File No. 333-186213, ef) Tj ET Q q 0 0 0 rg BT 513.99 656.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.25 Td (January 25, 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186.05 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 206.81 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 241.07 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 282.65 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 316.45 730.25 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 284.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 293.13 718.25 Td (O SECTION 302 OF) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.55 706.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 333.04 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.99 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 355.92 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 371.93 706.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (I, Jonathan Corr) Tj ET Q q 0 0 0 rg BT 114.31 685.25 Td (, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.25 Td (I have reviewed this ) Tj ET Q BT /F1 10.00 Tf 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period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 382.25 Td (covered by this report based on such evaluation; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 365.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 365.25 Td (Disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 330.83 365.25 Td (s internal control over financial reporting that occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 353.25 Td (during the registrant) Tj ET Q q 0 0 0 rg BT 205.87 353.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 374.69 353.25 Td (s fourth fiscal quarter in the case of an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 341.25 Td (report\) that has materially af) Tj ET Q q 0 0 0 rg BT 235.66 341.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 417.07 341.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 492.32 341.25 Td (s internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 329.25 Td (over financial reporting; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 308.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 126.59 308.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 205.55 308.25 Td (ficer\(s\) and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 296.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 232.94 296.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 439.00 296.25 Td (s board of directors \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 284.25 Td (persons performing the equivalent functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 267.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 267.25 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 255.25 Td (financial reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 370.05 255.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 442.80 255.25 Td (s ability to record, process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 243.25 Td (summarize and report financial information; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.25 Td (Any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 214.25 Td (s internal control over financial reporting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 178.95000000000005 m 301.5 178.95000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 183.52 Td (/s/ Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.62 Td (Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.62 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 130.57 158.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 142.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.66 142.45 Td (March2, 2015) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.70 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 208.46 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 242.72 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 284.30 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 318.10 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 376.72 730.25 Td ( OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 284.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 293.13 718.25 Td (O SECTION 302 OF) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.55 706.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 333.04 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.99 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 355.92 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 371.93 706.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (I, Edgar ) Tj ET Q q 0 0 0 rg BT 84.16 685.25 Td (A. Luce, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.25 Td (I have reviewed this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.75 664.25 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.19 664.25 Td ( Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.07 664.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.63 664.25 Td ( of Ellie Mae, Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 643.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 631.25 Td (necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 619.25 Td (misleading with respect to the period covered by this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td (all material respects the financial condition, results of operations and cash flows of the registrant as of, and for) Tj ET Q q 0 0 0 rg BT 509.12 586.25 Td (, the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td (presented in this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 553.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 126.59 553.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 205.55 553.25 Td (ficer\(s\) and I are responsible for establishing and maintaining disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 541.25 Td (procedures \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 212.66 541.25 Td (Act Rules 13a15\(e\) and 15d15\(e\)\) and internal control over financial reporting \(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 529.25 Td (defined in Exchange ) Tj ET Q q 0 0 0 rg BT 152.14 529.25 Td (Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 512.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 512.25 Td (Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 500.25 Td (designed under our supervision, to ensure that material information relating to the registrant, including its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 488.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 476.25 Td (in which this report is being prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 459.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 459.25 Td (Designed such internal control over financial reporting, or caused such internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 447.25 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 435.25 Td (financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 423.25 Td (generally accepted accounting principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 406.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 406.25 Td (Evaluated the ef) Tj ET Q q 0 0 0 rg BT 186.79 406.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 299.80 406.25 Td (s disclosure controls and procedures and presented in this report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 394.25 Td (our conclusions about the ef) Tj ET Q q 0 0 0 rg BT 234.57 394.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 382.25 Td (covered by this report based on such evaluation; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 365.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 365.25 Td (Disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 330.83 365.25 Td (s internal control over financial reporting that occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 353.25 Td (during the registrant) Tj ET Q q 0 0 0 rg BT 205.87 353.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 374.69 353.25 Td (s fourth fiscal quarter in the case of an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 341.25 Td (report\) that has materially af) Tj ET Q q 0 0 0 rg BT 235.66 341.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 417.07 341.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 492.32 341.25 Td (s internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 329.25 Td (over financial reporting; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 308.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 126.59 308.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 205.55 308.25 Td (ficer\(s\) and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 296.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 232.94 296.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 439.00 296.25 Td (s board of directors \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 284.25 Td (persons performing the equivalent functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 267.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 267.25 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 255.25 Td (financial reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 370.05 255.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 442.80 255.25 Td (s ability to record, process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 243.25 Td (summarize and report financial information; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.25 Td (Any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 214.25 Td (s internal control over financial reporting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 178.95000000000005 m 301.5 178.95000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 183.52 Td (/s/ Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.62 Td (Edgar ) Tj ET Q q 0 0 0 rg BT 78.83 168.62 Td (A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.62 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 127.80 158.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 142.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.66 142.45 Td (March2, 2015) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.48 742.25 Td (32.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.98 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.05 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 206.81 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 241.07 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 282.65 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 316.45 730.25 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 267.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 276.13 718.25 Td (O 18 U.S.C. SECTION 1350,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.00 706.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 219.73 706.25 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 325.39 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 334.20 706.25 Td (O SECTION 906) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.60 694.25 Td (OF) Tj ET Q q 0 0 0 rg BT 223.12 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.43 694.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 340.92 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.87 694.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 363.80 694.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 379.82 694.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (Pursuant to the requirement set forth in Rule13a-14\(b\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 381.30 673.25 Td (Act of 1934, as amended \(the Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (Act\), and Section1350 of Chapter63 of ) Tj ET Q q 0 0 0 rg BT 217.28 661.25 Td (T) Tj ET Q q 0 0 0 rg BT 223.03 661.25 Td (itle 18 of the United States Code \(18 U.S.C. 1350\), Jonathan Corr) Tj ET Q q 0 0 0 rg BT 490.65 661.25 Td (, Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 649.25 Td (ficer of Ellie Mae, Inc. \(the Company\), hereby certifies that, to the best of his knowledge:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 628.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 118.71 628.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.55 628.25 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.99 628.25 Td ( Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.88 628.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.43 628.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.81 628.25 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.01 628.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.89 628.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.47 628.25 Td (, to which this Certification is attached ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 616.25 Td (as Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.77 616.25 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.27 616.25 Td ( \(the Report\) fully complies with the requirements of Section13\(a\) or Section15\(d\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 532.76 616.25 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 604.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 583.25 Td (The information contained in the Report fairly presents, in all material respects, the financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 571.25 Td (operations of the Company) Tj ET Q q 0 0 0 rg BT 166.94 571.25 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 560.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 535.95 m 301.5 535.95 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.52 Td (/s/ Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.62 Td (Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.62 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 130.57 515.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.62 Td (\(Principal Executive Of) Tj ET Q q 0 0 0 rg BT 147.79 505.62 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 489.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.66 489.45 Td (March2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 489.45 Td ( ) Tj ET Q endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.48 742.25 Td (32.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.98 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.70 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 208.46 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 242.72 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 284.30 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 318.10 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 376.72 730.25 Td ( OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 267.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 276.13 718.25 Td (O 18 U.S.C. SECTION 1350,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.00 706.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 219.73 706.25 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 325.39 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 334.20 706.25 Td (O SECTION 906) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.60 694.25 Td (OF) Tj ET Q q 0 0 0 rg BT 223.12 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.43 694.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 340.92 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.87 694.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 363.80 694.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 379.82 694.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (Pursuant to the requirement set forth in Rule13a-14\(b\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 381.30 673.25 Td (Act of 1934, as amended \(the Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (Act\), and Section1350 of Chapter63 of ) Tj ET Q q 0 0 0 rg BT 217.28 661.25 Td (T) Tj ET Q q 0 0 0 rg BT 223.03 661.25 Td (itle 18 of the United States Code \(18 U.S.C. 1350\), Edgar ) Tj ET Q q 0 0 0 rg BT 460.50 661.25 Td (A. Luce, Chief Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 649.25 Td (ficer of Ellie Mae, Inc. \(the Company\), hereby certifies that, to the best of his knowledge:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 628.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 118.71 628.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.55 628.25 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.99 628.25 Td ( Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.88 628.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.43 628.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.81 628.25 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.01 628.25 Td ( ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.89 628.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.47 628.25 Td (, to which this Certification is attached ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 616.25 Td (as Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.77 616.25 Td (32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.27 616.25 Td ( \(the Report\) fully complies with the requirements of Section13\(a\) or Section15\(d\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 532.76 616.25 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 604.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 583.25 Td (The information contained in the Report fairly presents, in all material respects, the financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 571.25 Td (operations of the Company) Tj ET Q q 0 0 0 rg BT 166.94 571.25 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 560.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 535.95 m 301.5 535.95 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.52 Td (/s/ Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.62 Td (Edgar ) Tj ET Q q 0 0 0 rg BT 78.83 525.62 Td (A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.62 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 127.80 515.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.62 Td (\(Principal Financial Of) Tj ET Q q 0 0 0 rg BT 145.02 505.62 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 489.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.66 489.45 Td (March2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 489.45 Td ( ) Tj ET Q endstream endobj 223 0 obj <> /View <>>>>> endobj 224 0 obj <> /View <>>>>> endobj 225 0 obj <> endobj 226 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;