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68.00 478.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.25 Td (increasing competition in the automotive parts industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 460.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 460.25 Td (fluctuations in the pricing of new original equipment manufacturer \(OEM\) replacement products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 442.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.25 Td (changes in the level of acceptance and promotion of alternative automotive parts by insurance companies and auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td (repairers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 412.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.25 Td (changes to our business relationships with insurance companies or changes by insurance companies to their business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.25 Td (practices relating to the use of our products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.25 Td (our ability to identify suf) Tj ET Q q 0 0 0 rg BT 185.80 382.25 Td (ficient acquisition candidates at reasonable prices to maintain our growth objectives;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 364.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.25 Td (our ability to integrate, realize expected syner) Tj ET Q q 0 0 0 rg BT 268.79 364.25 Td (gies, and successfully operate acquired companies and any companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 352.25 Td (acquired in the future, and the risks associated with these companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 334.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.25 Td (the implementation of a border tax or tarif) Tj ET Q q 0 0 0 rg BT 254.37 334.25 Td (f on imports and the negative impact on our business due to the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.25 Td (inventory we import;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 304.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 304.25 Td (restrictions or prohibitions on selling certain aftermarket products to the extent OEMs seek and obtain more design ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 Td (patents than they have in the past and are successful in asserting infringement of these patents and defending their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 280.25 Td (validity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 262.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (variations in the number of vehicles manufactured and sold, vehicle accident rates, miles driven, and the age profile of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 250.25 Td (vehicles in accidents;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 232.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.25 Td (fluctuations in the prices of fuel, scrap metal and other commodities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.25 Td (changes in laws or regulations af) Tj ET Q q 0 0 0 rg BT 217.17 214.25 Td (fecting our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 196.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 196.25 Td (higher costs and the resulting potential inability to service our customers to the extent that our suppliers decide to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.25 Td (discontinue business relationships with us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 166.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (price increases, interruptions or disruptions to the supply of vehicles or vehicle parts from aftermarket suppliers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (from salvage auctions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 136.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td (changes in the demand for our products and the supply of our inventory due to severity of weather and seasonality of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 124.25 Td (weather patterns;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 106.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.25 Td (the risks associated with operating in foreign jurisdictions, including foreign laws and economic and political ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.25 Td (instabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 76.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.25 Td (declines in the values of our assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 58.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.25 Td (additional unionization ef) Tj ET Q q 0 0 0 rg BT 188.57 58.25 Td (forts, new collective bar) Tj ET Q q 0 0 0 rg BT 285.01 58.25 Td (gaining agreements, and work stoppages;) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (our ability to develop and implement the operational and financial systems needed to manage our operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td (interruptions, outages or breaches of our operational systems, security systems, or infrastructure as a result of attacks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (on, or malfunctions of, our systems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (product liability claims by the end users of our products or claims by other parties who we have promised to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (indemnify for product liability matters;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (costs associated with recalls of the products we sell;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (inaccuracies in the data relating to our industry published by independent sources upon which we rely;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 628.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td (currency fluctuations in the U.S. dollar) Tj ET Q q 0 0 0 rg BT 241.39 628.10 Td (, pound sterling and euro versus other currencies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (our ability to obtain financing on acceptable terms to finance our growth; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (our ability to satisfy our debt obligations and to operate within the limitations imposed by financing arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td (Other matters set forth in this ) Tj ET Q q 0 0 0 rg BT 205.42 574.10 Td (Annual Report may also cause our actual results to dif) Tj ET Q q 0 0 0 rg BT 422.13 574.10 Td (fer materially from our forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (looking statements, including the risk factors disclosed in Item 1A) Tj ET Q q 0 0 0 rg BT 314.96 562.10 Td ( of this ) Tj ET Q q 0 0 0 rg BT 344.68 562.10 Td (Annual Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 544.10 Td (Copies of our ) Tj ET Q q 0 0 0 rg BT 142.39 544.10 Td (Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (amendments to those reports filed or furnished pursuant to Section 13\(a\) or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 486.27 532.10 Td (Act of 1934 are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (available free of char) Tj ET Q q 0 0 0 rg BT 134.48 520.10 Td (ge through our website \(www) Tj ET Q q 0 0 0 rg BT 253.25 520.10 Td (.lkqcorp.com\) as soon as reasonably practicable after we electronically file ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (the material with, or furnish it to, the Securities and Exchange Commission.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.67 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 742.25 Td (BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (OVER) Tj ET Q q 0 0 0 rg BT 78.54 721.25 Td (VIEW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 703.25 Td (LKQ Corporation \("LKQ" or the "Company"\) is a leading provider of alternative and specialty parts to repair and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (accessorize automobiles and other vehicles. LKQ has operations in North ) Tj ET Q q 0 0 0 rg BT 345.75 691.25 Td (America, Europe and ) Tj ET Q q 0 0 0 rg BT 433.31 691.25 Td (T) Tj ET Q q 0 0 0 rg BT 438.72 691.25 Td (aiwan. LKQ of) Tj ET Q q 0 0 0 rg BT 498.79 691.25 Td (fers its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (customers a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (trucks, and recreational and performance vehicles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 649.25 Td (Buyers of vehicle replacement products have the option to purchase from primarily five sources: new products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (produced by original equipment manufacturers \("OEMs"\); new products produced by companies other than the OEMs, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (are sometimes referred to as aftermarket products; recycled products obtained from salvage vehicles; used products that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (been refurbished; and used products that have been remanufactured. Collectively) Tj ET Q q 0 0 0 rg BT 373.12 613.25 Td (, we refer to the four sources that are not new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (OEM products as alternative parts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 583.25 Td (Specialty automotive and R) Tj ET Q q 0 0 0 rg BT 196.01 583.25 Td (V) Tj ET Q q 0 0 0 rg BT 203.05 583.25 Td ( aftermarket accessories and equipment are purchased by consumers to improve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (performance, functionality and appearance of their vehicles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 553.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 553.25 Td (e are or) Tj ET Q q 0 0 0 rg BT 124.43 553.25 Td (ganized into five operating segments: ) Tj ET Q q 0 0 0 rg BT 276.71 553.25 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 352.52 553.25 Td (America; Europe; Specialty; Glass and Self Service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 541.25 Td (e aggregate our ) Tj ET Q q 0 0 0 rg BT 122.59 541.25 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 198.40 541.25 Td (America, Glass and Self Service operating segments into one reportable segment, North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (America, resulting in three reportable segments: North ) Tj ET Q q 0 0 0 rg BT 270.49 529.25 Td (America, Europe, and Specialty) Tj ET Q q 0 0 0 rg BT 397.29 529.25 Td (. See Note 14, "Segment and Geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (Information" to the consolidated financial statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 360.67 517.25 Td (Annual Report on Form 10-K for financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (information by reportable segment and by geographic region.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (HIST) Tj ET Q q 0 0 0 rg BT 73.72 484.25 Td (OR) Tj ET Q q 0 0 0 rg BT 88.37 484.25 Td (Y) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 466.25 Td (LKQ was initially formed in 1998 through the combination of a number of wholesale recycled products businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (located in Florida, Michigan, Ohio and ) Tj ET Q q 0 0 0 rg BT 208.12 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 217.16 454.25 Td (isconsin. ) Tj ET Q q 0 0 0 rg BT 254.76 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 263.39 454.25 Td (e subsequently expanded through internal development and over 235 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (acquisitions of aftermarket, recycled, refurbished, and remanufactured product suppliers and manufacturers; self service retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (businesses; specialty vehicle aftermarket equipment and accessories suppliers; and a distributor of automotive glass products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Our most significant acquisitions include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 400.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.25 Td (2007 acquisition of Keystone ) Tj ET Q q 0 0 0 rg BT 205.43 400.25 Td (Automotive Industries, Inc., which, at the time of acquisition, was the leading domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.25 Td (distributor of aftermarket products, including collision replacement products, paint products, refurbished steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 376.25 Td (bumpers, bumper covers and alloy wheels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 358.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (201) Tj ET Q q 0 0 0 rg BT 100.63 358.25 Td (1 acquisition of Euro Car Parts Holdings Limited \("ECP"\), a vehicle mechanical aftermarket parts distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.25 Td (company operating in the United Kingdom. ) Tj ET Q q 0 0 0 rg BT 262.73 346.25 Td (This acquisition allowed us to expand our operations into the European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.25 Td (automotive aftermarket business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 316.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 316.25 Td (2013 acquisition of Sator Beheer B.V) Tj ET Q q 0 0 0 rg BT 235.24 316.25 Td (. \("Sator"\), a vehicle mechanical aftermarket parts distribution company based in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 304.25 Td (the Netherlands, with operations in the Netherlands, Belgium and Northern France. ) Tj ET Q q 0 0 0 rg BT 421.28 304.25 Td (This acquisition allowed us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 Td (further expand our geographic presence into continental Europe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 274.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.25 Td (2014 acquisition of Keystone ) Tj ET Q q 0 0 0 rg BT 205.43 274.25 Td (Automotive Holdings, Inc. \(Keystone Specialty\), which expanded our product of) Tj ET Q q 0 0 0 rg BT 537.94 274.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (and increased our addressable market to include specialty vehicle aftermarket equipment and accessories.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 244.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 244.25 Td (2016 acquisition of Rhiag-Inter ) Tj ET Q q 0 0 0 rg BT 213.75 244.25 Td (Auto Parts Italia S.p.A. \(Rhiag\), a distributor of aftermarket spare parts for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.25 Td (passenger cars and commercial vehicles in Italy) Tj ET Q q 0 0 0 rg BT 276.38 232.25 Td (, Czech Republic, Slovakia, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 477.07 232.25 Td (, Romania, Ukraine, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.25 Td (Bulgaria, Poland and Spain. ) Tj ET Q q 0 0 0 rg BT 200.25 220.25 Td (This acquisition expanded LKQ) Tj ET Q q 0 0 0 rg BT 331.05 220.25 Td (s geographic presence in continental Europe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 202.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.25 Td (2016 acquisition of Pittsbur) Tj ET Q q 0 0 0 rg BT 196.65 202.25 Td (gh Glass ) Tj ET Q q 0 0 0 rg BT 233.69 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 242.33 202.25 Td (orks LLC \(PGW\), which performs wholesale and retail distribution services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 190.25 Td (and automotive glass manufacturing. ) Tj ET Q q 0 0 0 rg BT 236.06 190.25 Td (The acquisition expanded our addressable market in North ) Tj ET Q q 0 0 0 rg BT 472.10 190.25 Td (America and globally) Tj ET Q q 0 0 0 rg BT 558.08 190.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.25 Td (In December 2016, we reached an agreement to sell the glass manufacturing business of PGW) Tj ET Q q 0 0 0 rg BT 463.00 178.25 Td (; the transaction is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (expected to be completed in the first quarter of 2017. ) Tj ET Q q 0 0 0 rg BT 300.47 166.25 Td (The continuing portion of PGW) Tj ET Q q 0 0 0 rg BT 431.00 166.25 Td (s business related to wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (and retail distribution services is included in our North ) Tj ET Q q 0 0 0 rg BT 306.79 154.25 Td (America reportable segment as of December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td (Further information regarding our recent acquisitions is included in Note 2, "Business Combinations" and information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (related to our discontinued operations is included in Note 3, Discontinued Operations to the consolidated financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 146.10 112.25 Td (Annual Report on Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (STRA) Tj ET Q q 0 0 0 rg BT 75.93 91.25 Td (TEGY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 73.25 Td (Our strategy is to build economic value for our stockholders by enhancing our position as a leading source for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td (alternative collision and mechanical repair products, and by expanding into other product lines and businesses that may benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (from our operating strengths. ) Tj ET Q q 0 0 0 rg BT 168.96 49.25 Td (W) Tj ET Q q 0 0 0 rg BT 177.60 49.25 Td (e strive to of) Tj ET Q q 0 0 0 rg BT 227.68 49.25 Td (fer our customers the most comprehensive, available and cost ef) Tj ET Q q 0 0 0 rg BT 484.08 49.25 Td (fective selection of ) 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 31.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (part solutions while building strong partnerships with our employees and the communities in which we operate. ) Tj ET Q q 0 0 0 rg BT 498.90 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.54 742.10 Td (e believe a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (supply network with a broad inventory of quality alternative collision and mechanical repair products and specialty vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (aftermarket products, high fulfillment rates, and superior customer service provides us with a competitive advantage. ) Tj ET Q q 0 0 0 rg BT 520.22 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 525.63 718.10 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (execute our strategy) Tj ET Q q 0 0 0 rg BT 129.87 706.10 Td (, we are focused on the following key areas:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 688.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (Extensive in-place network. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.29 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 207.93 688.10 Td (e have invested significant capital to develop a network of alternative and specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (vehicle parts facilities across our operating segments. ) Tj ET Q q 0 0 0 rg BT 301.49 676.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 351.39 676.10 Td (, our ability to move inventory throughout our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (distribution networks increases the availability of our products and also helps us to fill a higher percentage of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (customers) Tj ET Q q 0 0 0 rg BT 129.13 652.10 Td ( requests. In order to expand our distribution network, we will continue to seek to grow into new markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (and to improve penetration through acquisitions. ) Tj ET Q q 0 0 0 rg BT 282.72 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.36 640.10 Td (e will continue to seek opportunities to leverage the distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td (network by delivering more parts through our existing network in our North ) Tj ET Q q 0 0 0 rg BT 392.05 628.10 Td (America and Specialty operations. In our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (Europe segment, we are attempting to implement the same strategy as our North ) Tj ET Q q 0 0 0 rg BT 409.24 616.10 Td (America operations to build a Pan-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (European distribution network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.94 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.26 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.90 586.10 Td (e have focused on growth through acquisitions both domestically and abroad. ) Tj ET Q q 0 0 0 rg BT 460.87 586.10 Td (The primary objective of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (our acquisitions is to expand our presence to new or adjacent markets, to expand into other product lines and business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (that may benefit from our operating strengths, and to increase the size of our addressable market. ) Tj ET Q q 0 0 0 rg BT 476.24 562.10 Td (When we identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (potential acquisitions, we attempt to tar) Tj ET Q q 0 0 0 rg BT 243.56 550.10 Td (get companies with a leading market presence, an experienced management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (team and workforce that provide a fit with our existing operations, and strong cash flows. ) Tj ET Q q 0 0 0 rg BT 445.63 538.10 Td (After completing an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (acquisition, we focus on integrating the company with our existing business to provide additional value to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (combined entity through cost savings and syner) Tj ET Q q 0 0 0 rg BT 276.34 514.10 Td (gies, such as logistics cost syner) Tj ET Q q 0 0 0 rg BT 405.03 514.10 Td (gies resulting from integration with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (our existing distribution network, administrative cost savings, shared procurement, and cross-selling opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 484.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td (Str) Tj ET Q q 0 0 0 rg BT 97.30 484.10 Td (ong business r) Tj ET Q q 0 0 0 rg BT 154.71 484.10 Td (elationships. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.05 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 216.68 484.10 Td (e have developed business relationships with key constituents, including automobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 472.10 Td (insurance companies, suppliers and other industry participants in North ) Tj ET Q q 0 0 0 rg BT 373.16 472.10 Td (America and Europe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (Br) Tj ET Q q 0 0 0 rg BT 95.63 454.10 Td (oad pr) Tj ET Q q 0 0 0 rg BT 121.65 454.10 Td (oduct offering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.03 454.10 Td (The breadth and depth of our inventory across all of our operating segments reinforces LKQ) Tj ET Q q 0 0 0 rg BT 555.14 454.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (ability to provide a one-stop solution for our customers) Tj ET Q q 0 0 0 rg BT 317.98 442.10 Td ( alternative vehicle replacement, maintenance, and specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (vehicle product needs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 412.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (High fulfillment rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.11 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 185.75 412.10 Td (e manage local inventory levels to improve delivery and maximize customer service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td (Improving local order fulfillment rates reduces transfer costs and delivery times, and improves customer satisfaction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 382.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.64 382.10 Td (echnology driven business pr) Tj ET Q q 0 0 0 rg BT 207.20 382.10 Td (ocesses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.19 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 250.82 382.10 Td (e focus on technology development as a way to support our competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td (advantage. ) Tj ET Q q 0 0 0 rg BT 131.35 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.99 370.10 Td (e believe that we can more cost ef) Tj ET Q q 0 0 0 rg BT 275.58 370.10 Td (fectively leverage our data to make better business decisions than our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (smaller competitors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (NOR) Tj ET Q q 0 0 0 rg BT 71.87 337.10 Td (TH ) Tj ET Q q 0 0 0 rg BT 88.27 337.10 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 136.60 337.10 Td ( SEGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 319.10 Td (Our North ) Tj ET Q q 0 0 0 rg BT 129.33 319.10 Td (America segment is composed of wholesale operations, which consists of aftermarket and salvage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (operations, and self service retail operations. ) Tj ET Q q 0 0 0 rg BT 230.86 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 239.50 307.10 Td (e are a leading provider of alternative vehicle collision replacement products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (and a leading provider of alternative vehicle mechanical replacement products, with our sales, processing, and distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (facilities reaching most major markets in the U.S. and Canada. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Wholesale Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 229.10 Td (Our wholesale automobile product operations in North ) Tj ET Q q 0 0 0 rg BT 306.79 229.10 Td (America sell all five product types \(aftermarket, recycled, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (remanufactured, refurbished and OEM parts\) to professional collision and mechanical automobile repair businesses. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (principal aftermarket product types consist of those most frequently damaged in collisions, including bumper covers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (automotive body panels, lights and automotive glass products such as windshields. Platinum Plus is our exclusive product line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 181.10 Td (fered under the Keystone brand of aftermarket products. Certain of our products are certified by independent or) Tj ET Q q 0 0 0 rg BT 503.63 181.10 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (such as the Certified ) Tj ET Q q 0 0 0 rg BT 133.87 169.10 Td (Automotive Parts ) Tj ET Q q 0 0 0 rg BT 206.09 169.10 Td (Association \(CAP) Tj ET Q q 0 0 0 rg BT 282.11 169.10 Td (A\) and NSF International \(NSF\). CAP) Tj ET Q q 0 0 0 rg BT 448.39 169.10 Td (A) Tj ET Q q 0 0 0 rg BT 455.06 169.10 Td ( and NSF are associations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (that evaluate the quality of aftermarket collision replacement products compared to OEM collision replacement products. ) Tj ET Q q 0 0 0 rg BT 537.43 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 546.06 157.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (also developed a product line called "V) Tj ET Q q 0 0 0 rg BT 206.25 145.10 Td (alue Line" for more value conscious, often self-pay) Tj ET Q q 0 0 0 rg BT 410.72 145.10 Td (, consumers. Our salvage products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (include both mechanical and collision parts, including engines; transmissions; door assemblies; sheet metal products such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (trunk lids, fenders and hoods; lights; and bumper assemblies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 103.10 Td (The aftermarket products we distribute are purchased from independent manufacturers and distributors located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (primarily in the U.S., ) Tj ET Q q 0 0 0 rg BT 137.31 91.10 Td (T) Tj ET Q q 0 0 0 rg BT 142.72 91.10 Td (aiwan, and China. In 2016, approximately 39% of our aftermarket purchases were made from our top ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (four vendors, with our lar) Tj ET Q q 0 0 0 rg BT 152.29 79.10 Td (gest vendor providing approximately 16% of our annual inventory purchases. ) Tj ET Q q 0 0 0 rg BT 464.54 79.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.17 79.10 Td (e believe we are one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (of the lar) Tj ET Q q 0 0 0 rg BT 85.91 67.10 Td (gest customers of each of these suppliers. Outside of this group, no other supplier provided more than 5% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (supply of aftermarket products in 2016. ) Tj ET Q q 0 0 0 rg BT 210.62 55.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.25 55.10 Td (e purchased approximately 48% of our aftermarket products in 2016 directly from ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (manufacturers in ) Tj ET Q q 0 0 0 rg BT 119.79 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.20 742.10 Td (aiwan and other ) Tj ET Q q 0 0 0 rg BT 191.01 742.10 Td (Asian countries. ) Tj ET Q q 0 0 0 rg BT 257.94 742.10 Td (Approximately 50% of our aftermarket products were purchased from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (vendors located in the U.S. and Canada; however) Tj ET Q q 0 0 0 rg BT 247.04 730.10 Td (, we believe the majority of these products were manufactured in ) Tj ET Q q 0 0 0 rg BT 508.98 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 514.39 730.10 Td (aiwan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Mexico or other foreign countries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 700.10 Td (e procure recycled products for our wholesale operations by acquiring total loss vehicles, typically sold at regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (salvage auctions, and then dismantling and inventorying the parts. ) Tj ET Q q 0 0 0 rg BT 316.70 688.10 Td (The availability and pricing of the salvage vehicles we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (procure for our wholesale recycled products operations may be impacted by a variety of factors, including the production level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (of new vehicles and the portion of damaged vehicles declared total losses. Our bidding specialists are equipped with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (proprietary software application that allows our bidding specialist to compare the vehicles at the salvage auctions against our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (current inventory levels, historical demand, and recent average selling prices to arrive at an estimated maximum bid.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 622.10 Td (ithin our wholesale operations, we focus our procurement on products that are in the most demand, based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (number of factors such as historical sales records of vehicles by model and year) Tj ET Q q 0 0 0 rg BT 368.66 610.10 Td (, customer requests, projections of future supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (and demand trends. Because lead times may take 40 days or more on imported aftermarket products, sales volume and in-stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (inventory are important factors in the procurement process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (In our aftermarket operations, we use a third party enterprise management system and other third party software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (packages to leverage the centralized data and information that a single system provides, such as a data warehouse to conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (enhanced analytics and reporting, an integrated budgeting system, an electronic data interchange tool, and E-commerce tools to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (enhance our online business-to-business initiatives - OrderKeystone.com and Keyless. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (Our wholesale recycled product locations in North ) Tj ET Q q 0 0 0 rg BT 290.11 514.10 Td (America operate an internally-developed, proprietary enterprise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (management system called LKQX. ) Tj ET Q q 0 0 0 rg BT 192.83 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.47 502.10 Td (e believe that the use of a single system across all of our wholesale recycled product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (operations helps facilitate the sales process, allows for continued implementation of standard operating procedures, and yields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (improved training ef) Tj ET Q q 0 0 0 rg BT 132.02 478.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 163.57 478.10 Td (, employee transferability) Tj ET Q q 0 0 0 rg BT 265.38 478.10 Td (, access to our national inventory database, management reporting and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (data storage. ) Tj ET Q q 0 0 0 rg BT 102.85 466.10 Td (The system also supports an electronic exchange process for identifying and locating parts at other select recyclers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (and facilitates brokered sales to fill customer orders for items not in stock. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Scrap and Other Materials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (Our salvage operations generate scrap metal and other materials that we sell to metals recyclers. ) Tj ET Q q 0 0 0 rg BT 472.33 418.10 Td (V) Tj ET Q q 0 0 0 rg BT 478.44 418.10 Td (ehicles that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (been dismantled for recycled products and "crush only" end-of-life vehicles acquired from other companies are typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (crushed using equipment on site. In other cases, we will hire mobile crushing equipment to crush the vehicles before they are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (transported to shredders and scrap metal processors. Damaged and unusable wheel cores are melted in our aluminum furnace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (and sold to consumers of aluminum ingot and sow for the production of various automotive products, including wheels. ) Tj ET Q q 0 0 0 rg BT 531.41 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 540.04 370.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (also extract and sell the precious metals contained in certain of our recycled parts such as catalytic converters.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 322.10 Td (e sell our products to wholesale customers that include collision and mechanical repair shops and new and used car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (dealerships, as well as to retail customers. ) Tj ET Q q 0 0 0 rg BT 220.05 310.10 Td (The majority of these customers tend to be individually-owned small businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (although the number of independent and dealer) Tj ET Q q 0 0 0 rg BT 238.62 298.10 Td (-operated collision repair facilities has declined over the last decade, as regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (or national multiple location operators have increased their geographic presence through acquisitions. ) Tj ET Q q 0 0 0 rg BT 458.48 286.10 Td (Automobile insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (companies af) Tj ET Q q 0 0 0 rg BT 102.85 274.10 Td (fect the demand for our collision products; while insurance companies do not pay for our products directly) Tj ET Q q 0 0 0 rg BT 528.19 274.10 Td (, they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (ultimately pay for the repair costs of insured vehicles in excess of any deductible amount. ) Tj ET Q q 0 0 0 rg BT 410.45 262.10 Td (As a result, insurance companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (often influence the types of products used in a repair) Tj ET Q q 0 0 0 rg BT 259.65 250.10 Td (. ) Tj ET Q q 0 0 0 rg BT 264.47 250.10 Td (The use of our products provides a direct benefit to insurance companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (by lowering the cost of repairs, decreasing the time required to return the repaired vehicle to the customer) Tj ET Q q 0 0 0 rg BT 472.22 238.10 Td (, and providing a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (replacement product that is of high quality and comparable performance to the part replaced. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 208.10 Td (Our sales personnel are encouraged to promote LKQ to customers as a one-stop shop by of) Tj ET Q q 0 0 0 rg BT 458.76 208.10 Td (fering comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (options from our other product lines if the desired part isn) Tj ET Q q 0 0 0 rg BT 284.77 196.10 Td (t in stock. ) Tj ET Q q 0 0 0 rg BT 326.25 196.10 Td (T) Tj ET Q q 0 0 0 rg BT 331.66 196.10 Td (o support these ef) Tj ET Q q 0 0 0 rg BT 402.29 196.10 Td (forts, we have provided our sales staf) Tj ET Q q 0 0 0 rg BT 551.24 196.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (with access to both recycled and aftermarket sales systems, and we have developed sales incentive programs that encourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (cross selling throughout our wholesale operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 154.10 Td (o better serve our customers, a consolidated approach has been taken for the electronic sale of wholesale products in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (our North ) Tj ET Q q 0 0 0 rg BT 91.11 142.10 Td (American Segment. ) Tj ET Q q 0 0 0 rg BT 172.48 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 179.15 142.10 Td ( full suite of E-commerce services is available to approved partners that helps us improve order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (accuracy) Tj ET Q q 0 0 0 rg BT 84.87 130.10 Td (, reduce return rate and better fit our customer workflow) Tj ET Q q 0 0 0 rg BT 309.69 130.10 Td (. Using these services in coordination with our partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (products can be searched, priced and ordered without leaving the customers' own operating systems.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 82.10 Td (e have a distribution network of warehouses and cross dock facilities, which allows us to develop and maintain our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (service levels with local repair shops while providing fulfillment rates that are made possible by our nationwide presence. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (delivery fleet utilizes a third party software provider to optimize delivery routes, and to track the progress of delivery vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (throughout their runs. Our local presence allows us to provide daily deliveries as required by our customers, using drivers who ) 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 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (routinely deliver to the same customers. Our sales force and local delivery drivers develop and maintain critical personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (relationships with the local repair shops that benefit from access to our wide selection of products, which we are able to of) Tj ET Q q 0 0 0 rg BT 539.11 730.10 Td (fer as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (a result of our regional inventory network. ) Tj ET Q q 0 0 0 rg BT 221.99 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 230.63 718.10 Td (e operate a delivery fleet of medium-sized trucks and smaller trucks and vans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (which deliver multiple product types on the same delivery routes to help minimize distribution costs and improve customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (service. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 658.10 Td (e consider all suppliers of vehicle collision and mechanical products to be competitors, including aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (suppliers, recycling businesses, refurbishing operations, parts remanufacturers, OEMs and internet-based suppliers. ) Tj ET Q q 0 0 0 rg BT 513.58 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.22 646.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (compete with alternative parts distributors on the basis of our nationwide distribution system, our product lines and inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (availability) Tj ET Q q 0 0 0 rg BT 94.34 622.10 Td (, customer service, our relationships with insurance companies, and to a lesser extent, price; we compete with OEMs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (primarily on the basis of price and, to a lesser extent, on service and product quality) Tj ET Q q 0 0 0 rg BT 384.53 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.35 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 397.98 610.10 Td (e do not consider retail chains that focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (on the do-it-yourself market to be our direct competitors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 275.49 598.10 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 277.99 598.10 Td (since many of our wholesale product sales are paid for by insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (companies rather than the end user) Tj ET Q q 0 0 0 rg BT 188.56 586.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Self Service Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (Our self service retail operations, most of which operate under the name LKQ Pick ) Tj ET Q q 0 0 0 rg BT 424.68 550.10 Td (Y) Tj ET Q q 0 0 0 rg BT 430.90 550.10 Td (our Part, sell parts from end-of-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (life vehicles directly to consumers. In addition to revenue from the sale of parts, core, and scrap, we char) Tj ET Q q 0 0 0 rg BT 469.11 538.10 Td (ge a nominal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (admission fee to access the property) Tj ET Q q 0 0 0 rg BT 194.02 526.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 490.10 Td (e acquire inventory for our self service retail product operations from a variety of sources, including but not limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (to towing companies, auctions, the general public, municipality sales, insurance carriers, and charitable or) Tj ET Q q 0 0 0 rg BT 473.56 478.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 523.93 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 532.56 478.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (typically procure salvage vehicles that are more than seven model years old for our self service retail product operations; these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (vehicles are generally older and of lower quality than the salvage vehicles we purchase for our wholesale recycled product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 96.47 442.10 Td (V) Tj ET Q q 0 0 0 rg BT 102.59 442.10 Td (ehicles are delivered to our locations by the seller) Tj ET Q q 0 0 0 rg BT 300.44 442.10 Td (, or we arrange for transportation. Once on our property) Tj ET Q q 0 0 0 rg BT 522.77 442.10 Td (, minimal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (labor is required to process the vehicle other than removing the battery) Tj ET Q q 0 0 0 rg BT 332.31 430.10 Td (, fluids, refrigerants, catalytic converters and hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (materials. ) Tj ET Q q 0 0 0 rg BT 91.47 418.10 Td (The extracted fluids are stored in bulk and subsequently sold to recyclers; in the case of gasoline, the fuel retrieved is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (primarily used to power our delivery vehicles. ) Tj ET Q q 0 0 0 rg BT 236.99 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 243.10 406.10 Td (ehicles are then placed in the yard for customers to remove parts. In our self ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (service business, availability of a specific part will depend on which vehicles are currently at the site and to what extent parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (may have been previously sold. ) Tj ET Q q 0 0 0 rg BT 178.68 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.31 382.10 Td (e usually keep a vehicle at our facility for 30 to 120 days, depending on the capacity of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (yard and size of the market, before it is crushed and sold to scrap metal processors. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Scrap and Other Materials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (Our self service operations generate scrap metal, alloys and other materials that we sell to recyclers. ) Tj ET Q q 0 0 0 rg BT 487.88 334.10 Td (V) Tj ET Q q 0 0 0 rg BT 493.99 334.10 Td (ehicles that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (no longer make available to the public and "crush only" vehicles acquired from other companies, including OEMs, are typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (crushed using equipment on site.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 Td (The customers of our self service yards are frequently do-it-yourself mechanics, small independent repair shops ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (servicing older vehicles, auto rebuilders, and resellers. ) Tj ET Q q 0 0 0 rg BT 269.74 262.10 Td (The scrap from the vehicle hulks, when not processed by us, is sold to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (metals recyclers, with whom we may also compete when procuring salvage vehicles for our operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.10 Td (There are competitors operating self service businesses in all of the markets in which we operate. In some markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (there are numerous competitors, often operating in close proximity to our operations. ) Tj ET Q q 0 0 0 rg BT 392.50 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 401.14 202.10 Td (e try to dif) Tj ET Q q 0 0 0 rg BT 442.90 202.10 Td (ferentiate our business by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (quality of the inventory and the size and cleanliness of the property) Tj ET Q q 0 0 0 rg BT 318.43 190.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (EUROPE SEGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 151.10 Td (As noted in the History section, the Europe segment was built on three key acquisitions: ECP) Tj ET Q q 0 0 0 rg BT 458.90 151.10 Td ( \(201) Tj ET Q q 0 0 0 rg BT 479.36 151.10 Td (1\), Sator \(2013\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (Rhiag \(2016\). Our Rhiag acquisition provides a potential platform to capitalize on the lar) Tj ET Q q 0 0 0 rg BT 405.83 139.10 Td (ge and fragmented aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (mechanical replacement parts market in Europe, and also complements our existing operations in the U.K. and the Benelux ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (region given the significant overlap in suppliers and product mix, which allows for potential cost savings from the leveraging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (of our combined purchasing power) Tj ET Q q 0 0 0 rg BT 189.41 103.10 Td (. In 2014, we expanded our European segment to include wholesale recycling operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (through our acquisition of a business with salvage and vehicle repair facilities in Sweden and Norway) Tj ET Q q 0 0 0 rg BT 456.74 91.10 Td (. In addition to expanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (our geographic presence in Europe, we believe these acquisitions provide us with the opportunity to leverage our experience in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (operating salvage facilities in a new market and to expand our aftermarket operations to include these countries. In December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (2016, we acquired an equity investment in Mekonomen ) Tj ET Q q 0 0 0 rg BT 274.67 55.10 Td (AB \("Mekonomen"\), the leading independent car parts and service ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (chain in the Nordic region of Europe. Mekonomen will remain independent of our existing European operations, but we plan to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (explore areas where the companies can work together in a mutually beneficial manner) Tj ET Q q 0 0 0 rg BT 393.75 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 398.56 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 407.20 730.10 Td (e have acquired many smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (businesses within these regions and over time, we anticipate further integration of our European operations as we optimize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (purchasing, warehousing, cataloging, logistics and back-of) Tj ET Q q 0 0 0 rg BT 284.76 706.10 Td (fice functions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Our inventory is primarily composed of mechanical aftermarket parts for the repair of vehicles 3 to 15 years old. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (top selling products include brake pads; discs and sensors; clutches; electrical products such as spark plugs and batteries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (steering and suspension products; filters; and oil and automotive fluids. In addition to mechanical aftermarket parts, we also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (sell collision parts in our Europe operations. ) Tj ET Q q 0 0 0 rg BT 229.23 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 237.87 634.10 Td (e believe the historically low alternative collision parts usage percentage in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Europe provides an opportunity for us in this segment, particularly as insurance companies look to lower their costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (In 2016, our top five suppliers represented 22% of our aftermarket inventory purchases, with each of our top two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (suppliers representing approximately 6% of our purchases.No other suppliers comprised a significant portion of our purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (during 2016. ) Tj ET Q q 0 0 0 rg BT 103.43 580.10 Td (The aftermarket products we distribute are purchased from vendors located primarily in the U.K. and continental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Europe. In 2016, we purchased 92% of our products from companies in Europe. ) Tj ET Q q 0 0 0 rg BT 372.51 568.10 Td (The remaining 8% of our 2016 purchases were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (sourced from vendors located primarily in China or ) Tj ET Q q 0 0 0 rg BT 258.10 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.51 556.10 Td (aiwan, some of which also supply collision parts for our ) Tj ET Q q 0 0 0 rg BT 490.23 556.10 Td (Wholesale - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 544.10 Td (America operations. In 2016, 57%, 29%, and 8% of our total inventory purchases were made in Euros, Pounds Sterling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (and U.S Dollars, respectively) Tj ET Q q 0 0 0 rg BT 166.82 532.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (Our aftermarket operations in the U.K. use a single integrated IT) Tj ET Q q 0 0 0 rg BT 344.62 514.10 Td ( platform for our purchasing, branch stock, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (finance activities, which are further supported by a national distribution center system to manage inventory movement. ) Tj ET Q q 0 0 0 rg BT 528.01 502.10 Td (The IT) Tj ET Q q 0 0 0 rg BT 555.31 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (system allows customers to identify the correct part for repairs, thereby improving customer satisfaction and reducing return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (rates. Our aftermarket operations in continental Europe use several IT) Tj ET Q q 0 0 0 rg BT 329.15 478.10 Td ( systems, which are linked to transfer data between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (systems, to manage customer orders and inventory movement, and for financial reporting purposes. Certain of our IT) Tj ET Q q 0 0 0 rg BT 518.30 466.10 Td ( systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (can interface with our repair shop customers' respective IT) Tj ET Q q 0 0 0 rg BT 284.30 454.10 Td ( systems, which enables them to identify the part required for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (repair) Tj ET Q q 0 0 0 rg BT 72.76 442.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.10 Td (In our Scandinavia operations, we purchase severely damaged or totaled vehicles from insurance companies, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (are transferred to our dismantling facilities or sold to other third party dismantlers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 376.10 Td (e operate under both two-step \(i.e. direct sales to customers\) and three-step \(i.e. sales to distributors who in turn sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (to customers\) distribution models in Europe. In our two-step operations, such as the UK and Czech Republic, we sell the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (majority of our products to commercial customers primarily consisting of professional repairers, including both independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (mechanical repair shops and collision repair shops. In our three-step operations, such as Italy) Tj ET Q q 0 0 0 rg BT 421.18 340.10 Td (, Belgium and Switzerland, we sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (products to wholesale distributors or jobbers. Historically) Tj ET Q q 0 0 0 rg BT 279.59 328.10 Td (, our distribution network in the Benelux Region operated under a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (three-step distribution model where the immediate customers were warehouse distributors. Since the second quarter of 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (we have acquired a number of aftermarket parts distributors in the Netherlands, which has enabled us to transform the original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (distribution model in this region to a two-step distribution model. In addition to our sales to repair shops and wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (distributors, we generate a portion of our revenue through sales to retail customers from ECP) Tj ET Q q 0 0 0 rg BT 425.18 280.10 Td (s e-commerce platform and from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (counter sales at the branch locations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 232.10 Td (Our European operations employ a distribution model in which inventory is stored at regional distribution centers or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (hubs, with fast moving product stored at branch locations or at local warehouse distributors \(for some of our Netherlands, Italy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (and Check Republic operations\) for timely delivery to the repair shop customers. Product is moved through the distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (network on our vans or via common carrier) Tj ET Q q 0 0 0 rg BT 223.00 196.10 Td (. In our U.K. operations, we also sometimes employ a third party motorcycle fleet to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (deliver parts from our branch locations to nearby repair shop customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.10 Td (In the U.K., we have undertaken a major project to expand our distribution capabilities by building a new national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (distribution center in ) Tj ET Q q 0 0 0 rg BT 135.63 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.04 154.10 Td (amworth, which is expected to be completed in 2018.Between now and completion, we will incur some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (duplicate operating and other start-up costs, which may be material, as a result of having multiple warehouses during the build ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (out phase.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 94.10 Td (e view all suppliers of replacement repair products as our competitors, including other alternative parts suppliers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (OEMs and their dealer networks. ) Tj ET Q q 0 0 0 rg BT 184.78 82.10 Td (While we compete with all alternative parts suppliers, there are few with national distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (networks like ours that can reach the majority of repair shop customers within the required delivery time in their respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 86.47 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.11 58.10 Td (e believe we have been able to distinguish ourselves from other alternative parts suppliers primarily through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (distribution network, ef) Tj ET Q q 0 0 0 rg BT 143.97 46.10 Td (ficient stock management systems and proprietary technology which allows us to deliver our products ) 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 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (quickly) Tj ET Q q 0 0 0 rg BT 79.35 742.10 Td (, as well as through our product lines and inventory availability) Tj ET Q q 0 0 0 rg BT 331.69 742.10 Td (, pricing, and service. ) Tj ET Q q 0 0 0 rg BT 420.09 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 428.73 742.10 Td (e compete with OEMs primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (on the basis of price, service and availability) Tj ET Q q 0 0 0 rg BT 227.62 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (SPECIAL) Tj ET Q q 0 0 0 rg BT 92.43 709.10 Td (TY) Tj ET Q q 0 0 0 rg BT 105.95 709.10 Td ( SEGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 691.10 Td (Our Specialty operating segment was formed in 2014 with our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 472.21 691.10 Td (, a leading distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (and marketer of specialty vehicle aftermarket products and accessories in North ) Tj ET Q q 0 0 0 rg BT 370.70 679.10 Td (America. Our Specialty operations reach most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (major markets in the U.S. and Canada and serve the following six product segments: truck and of) Tj ET Q q 0 0 0 rg BT 439.17 667.10 Td (f-road; speed and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (performance; R) Tj ET Q q 0 0 0 rg BT 111.67 655.10 Td (V) Tj ET Q q 0 0 0 rg BT 118.15 655.10 Td (; towing; wheels, tires and performance handling; and miscellaneous accessories. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 637.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 619.10 Td (The specialty vehicle aftermarket equipment and accessories we distribute are purchased from suppliers located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (primarily in the U.S., Canada, and China. Our top selling products are R) Tj ET Q q 0 0 0 rg BT 338.31 607.10 Td (V) Tj ET Q q 0 0 0 rg BT 345.35 607.10 Td ( appliances & air conditioners, towing hitches, truck ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (bed covers, vehicle protection products, car) Tj ET Q q 0 0 0 rg BT 223.92 595.10 Td (go management products, and wheels, tires & suspension products. Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (aftermarket suppliers are typically small to medium-sized, independent businesses that focus on a narrow product or market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (niche. Due to the highly fragmented supplier base for specialty vehicle aftermarket products, we have limited supplier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (concentration. In 2016, approximately 24% of our specialty vehicle aftermarket purchases were made from our top five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (suppliers, with our lar) Tj ET Q q 0 0 0 rg BT 137.58 547.10 Td (gest vendor providing approximately 8% of our annual inventory purchases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 529.10 Td (Our Specialty operations utilize an internally developed inventory management and order entry system that interfaces ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (with third party software systems for accounting, transaction processing, data analytics, and reporting. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td (Overall, the specialty vehicle aftermarket parts and accessories market contains a fragmented customer base composed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (of R) Tj ET Q q 0 0 0 rg BT 66.70 469.10 Td (V) Tj ET Q q 0 0 0 rg BT 73.74 469.10 Td ( and specialty automotive dealers, installers, jobbers, builders, parts chains, and mail-order businesses. Our customers are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (principally small, independent businesses. ) Tj ET Q q 0 0 0 rg BT 220.90 457.10 Td (These customers depend on us to provide a broad range of products, rapid delivery) Tj ET Q q 0 0 0 rg BT 551.26 457.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (marketing support and technical assistance. In addition to traditional customers, in recent years we have increased sales to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (several lar) Tj ET Q q 0 0 0 rg BT 91.18 433.10 Td (ge parts and accessory online retailers. Our Specialty segment also operates retail stores in northeast Pennsylvania. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 415.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 415.10 Td (e promote our products to customers through marketing programs, which include: catalogs, advertising, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (sponsorships and promotional activities; product level marketing and merchandising support; and online initiatives. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (national footprint allows us to stage trade shows across the U.S., which provide an opportunity to improve sales through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (showcasing of new and innovative products from our vendors to our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 361.10 Td (Online sales of our Specialty products take place through our ekeystone.com and viantp.com sites. ) Tj ET Q q 0 0 0 rg BT 482.10 361.10 Td (These sites provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (customers \(i\) the ability to match products with the make and model of car thus allowing the customer to order the right part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (\(ii\) the product information \(e.g. pictures, attributes\) available for review and \(iii\) the convenience of searching inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (availability and ordering the product on the site. ) Tj ET Q q 0 0 0 rg BT 244.12 325.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 294.02 325.10 Td (, the site can provide sales opportunities by suggesting other parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (to purchase based on an inquiry submitted by the customer) Tj ET Q q 0 0 0 rg BT 284.67 313.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 277.10 Td (Our Specialty segment operations employ a hub-and-spoke distribution model which enables us to transport products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (from our primary distribution centers to our non-inventory stocking cross docks, a majority of which are co-located with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 253.10 Td (America wholesale operations and provide distribution points to key regional markets and syner) Tj ET Q q 0 0 0 rg BT 459.44 253.10 Td (gies with our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 108.68 241.10 Td (W) Tj ET Q q 0 0 0 rg BT 117.32 241.10 Td (e believe this provides added value to our customers through a broader product of) Tj ET Q q 0 0 0 rg BT 443.98 241.10 Td (fering and more ef) Tj ET Q q 0 0 0 rg BT 517.93 241.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (distribution process. ) Tj ET Q q 0 0 0 rg BT 133.42 229.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.06 229.10 Td (e use our delivery routes to provide multi-day per week delivery and returns of our products directly to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (and from our customers in all 48 continental U.S. states and 9 Canadian provinces, and we ship globally to customers in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (countries. Our delivery fleet utilizes a third party software provider to optimize delivery routes, and to track the progress of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (delivery vehicles throughout their runs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 157.10 Td (Industry participants have a variety of supply choices. ) Tj ET Q q 0 0 0 rg BT 304.36 157.10 Td (V) Tj ET Q q 0 0 0 rg BT 310.48 157.10 Td (endors can deliver products to market via warehouse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (distributors and mail order catalog businesses, or directly to retailers and/or consumers. ) Tj ET Q q 0 0 0 rg BT 401.95 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 410.59 145.10 Td (e view all suppliers of specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (vehicle aftermarket equipment and accessories as our competitors. ) Tj ET Q q 0 0 0 rg BT 317.77 133.10 Td (While we compete with all specialty vehicle aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (parts suppliers, there are few with national distribution networks like LKQ) Tj ET Q q 0 0 0 rg BT 351.32 121.10 Td (s that can reach the majority of customers within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (optimum delivery time. ) Tj ET Q q 0 0 0 rg BT 146.47 109.10 Td (W) Tj ET Q q 0 0 0 rg BT 155.11 109.10 Td (e believe we have been able to distinguish ourselves from other specialty vehicle aftermarket parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (and equipment suppliers primarily through our broad product selection, which encompasses both popular and hard-to-find ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (products, our distribution network, and ef) Tj ET Q q 0 0 0 rg BT 216.18 85.10 Td (ficient inventory management systems, as well as through our service. ) Tj ET Q q 0 0 0 rg BT 499.25 85.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.89 85.10 Td (e compete on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (the basis of product breadth and depth, rapid and dependable delivery) Tj ET Q q 0 0 0 rg BT 327.87 73.10 Td (, marketing initiatives, support services, and price. ) 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 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (INTELLECTUAL) Tj ET Q q 0 0 0 rg BT 128.92 742.25 Td ( PROPER) Tj ET Q q 0 0 0 rg BT 172.17 742.25 Td (TY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 724.25 Td (e own various trade names and trademarks as a result of past acquisitions. In addition to acquired trade names and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (trademarks, we also have technology-based intellectual property that has been both internally developed and obtained through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (license agreements. ) Tj ET Q q 0 0 0 rg BT 130.62 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 139.25 700.25 Td (e do not believe that our business is materially dependent on any single or group of related trademarks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (licenses or registrations, nor would the expiration of any particular intellectual property right or termination of any particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (intellectual property license agreement materially af) Tj ET Q q 0 0 0 rg BT 258.33 676.25 Td (fect our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (EMPLOYEES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 637.25 Td (As of December31, 2016, we employed approximately 42,500 persons, which includes approximately 3,000 persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (employed by PGW's glass manufacturing business that we expect to sell in the first quarter of 2017. Of the approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (39,500 employees of our continuing operations, approximately 20,500 were employed in North ) Tj ET Q q 0 0 0 rg BT 433.53 613.25 Td (America and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (19,000 were employed outside of North ) Tj ET Q q 0 0 0 rg BT 211.36 601.25 Td (America. Of our employees in North ) Tj ET Q q 0 0 0 rg BT 360.48 601.25 Td (America associated with continuing operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (approximately 1,370 were represented by unions. Outside of North ) Tj ET Q q 0 0 0 rg BT 319.66 589.25 Td (America, we have government-mandated collective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (bar) Tj ET Q q 0 0 0 rg BT 62.59 577.25 Td (gaining agreements and union contracts in certain countries, particularly in Europe where many of our employees are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (represented by unions and/or works councils. ) Tj ET Q q 0 0 0 rg BT 233.39 565.25 Td (W) Tj ET Q q 0 0 0 rg BT 242.03 565.25 Td (e consider our employee relations to be good. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (F) Tj ET Q q 0 0 0 rg BT 55.37 544.25 Td (ACILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.25 Td (Our continuing operations include 1,339 facilities, including 548 facilities in the U.S. and 791 facilities located in 20 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (other countries, most of which are leased. Many of our locations stock multiple product types or serve more than one function. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.25 Td (Our corporate headquarters are located at 500 ) Tj ET Q q 0 0 0 rg BT 271.00 496.25 Td (W) Tj ET Q q 0 0 0 rg BT 279.64 496.25 Td (est Madison Street, Chicago, Illinois 60661. ) Tj ET Q q 0 0 0 rg BT 458.06 496.25 Td (W) Tj ET Q q 0 0 0 rg BT 466.69 496.25 Td (e operate a field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (support center in Nashville, ) Tj ET Q q 0 0 0 rg BT 162.85 484.25 Td (T) Tj ET Q q 0 0 0 rg BT 168.26 484.25 Td (ennessee that performs certain centralized functions for our North ) Tj ET Q q 0 0 0 rg BT 433.43 484.25 Td (American operations, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (accounting, procurement, and information systems support; in 2017, we announced our plans to expand the size of our field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (support center via construction of a new 100,000 square foot facility in Nashville. Our Specialty operations maintain primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (procurement, accounting and finance functions in Exeter) Tj ET Q q 0 0 0 rg BT 276.46 448.25 Td (, Pennsylvania. Certain back-of) Tj ET Q q 0 0 0 rg BT 402.07 448.25 Td (fice support functions for our segments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (are performed in Bangalore, India. Our European operations maintain procurement, accounting, and finance functions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 424.25 Td (embley) Tj ET Q q 0 0 0 rg BT 87.42 424.25 Td (, outside of London, England and ) Tj ET Q q 0 0 0 rg BT 223.33 424.25 Td (T) Tj ET Q q 0 0 0 rg BT 228.74 424.25 Td (amworth, England; in Schiedam, the Netherlands; in Milan, Italy; and in Prague, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Czech Republic. In addition to these of) Tj ET Q q 0 0 0 rg BT 206.17 412.25 Td (fices, we have a 500,000 square foot national distribution center in ) Tj ET Q q 0 0 0 rg BT 475.07 412.25 Td (T) Tj ET Q q 0 0 0 rg BT 480.48 412.25 Td (amworth that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (houses inventory to supply the hubs and branches of our U.K. operations. ) Tj ET Q q 0 0 0 rg BT 346.16 400.25 Td (W) Tj ET Q q 0 0 0 rg BT 354.79 400.25 Td (e are in the process of constructing a second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (national distribution center in ) Tj ET Q q 0 0 0 rg BT 170.35 388.25 Td (T) Tj ET Q q 0 0 0 rg BT 175.76 388.25 Td (amworth; we expect the 750,000 square foot facility will be fully operational by 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 376.25 Td (, we operate an aftermarket parts warehouse in ) Tj ET Q q 0 0 0 rg BT 288.80 376.25 Td (T) Tj ET Q q 0 0 0 rg BT 294.21 376.25 Td (aiwan to aggregate inventory for shipment to our locations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 364.25 Td (America. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 342.05 Td (REGULA) Tj ET Q q 0 0 0 rg BT 96.25 342.05 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 322.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 322.85 Td ( Our operations and properties are subject to laws and regulations relating to the protection of the environment in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.85 Td (U.S. and the other countries in which we operate.See the risk factor W) Tj ET Q q 0 0 0 rg BT 337.99 310.85 Td (e are subject to environmental regulations and incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.85 Td (costs relating to environmental matters in Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 282.16 298.85 Td ( of this ) Tj ET Q q 0 0 0 rg BT 311.89 298.85 Td (Annual Report on Form 10-K for further information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.85 Td (regarding the ef) Tj ET Q q 0 0 0 rg BT 113.12 286.85 Td (fects of environmental laws and regulations on us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.85 Td (SEASONALITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 247.85 Td (Our operating results are subject to quarterly variations based on a variety of factors, influenced primarily by seasonal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.85 Td (changes in weather patterns. During the winter months, we tend to have higher demand for our vehicle replacement products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.85 Td (because there are more weather related repairs. Our specialty vehicle operations typically generate greater revenue and earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.85 Td (in the first half of the year) Tj ET Q q 0 0 0 rg BT 154.00 211.85 Td (, when vehicle owners tend to install this equipment. ) Tj ET Q q 0 0 0 rg BT 366.84 211.85 Td (W) Tj ET Q q 0 0 0 rg BT 375.47 211.85 Td (e expect our aftermarket glass operations to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.85 Td (generate greater revenue and earnings in the second and third quarters, when the demand for glass replacements increases after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.85 Td (the winter weather) Tj ET Q q 0 0 0 rg BT 123.86 187.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.85 Td (ITEM1A. ) Tj ET Q q 0 0 0 rg BT 121.50 163.85 Td (RISK F) Tj ET Q q 0 0 0 rg BT 153.82 163.85 Td (ACT) Tj ET Q q 0 0 0 rg BT 174.75 163.85 Td (ORS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 145.85 Td (Our operating results and financial condition have been and could continue to be adversely af) Tj ET Q q 0 0 0 rg BT 436.56 145.85 Td (fected by the economic and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 133.85 Td (political conditions in the U.S. and elsewhere.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 115.85 Td (Changes in economic and political conditions in the U.S. and other countries in which we are located or do business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.85 Td (could have a material ef) Tj ET Q q 0 0 0 rg BT 145.38 103.85 Td (fect on our company) Tj ET Q q 0 0 0 rg BT 227.20 103.85 Td (. Changes in such conditions have, in some periods, resulted in fewer miles driven, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.85 Td (fewer accident claims, and a reduction of vehicle repairs, all of which could negatively af) Tj ET Q q 0 0 0 rg BT 406.94 91.85 Td (fect our business. ) Tj ET Q q 0 0 0 rg BT 478.97 91.85 Td (The number of new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.85 Td (vehicles produced and sold by manufacturers af) Tj ET Q q 0 0 0 rg BT 240.36 79.85 Td (fects our business. ) Tj ET Q q 0 0 0 rg BT 315.91 79.85 Td (A) Tj ET Q q 0 0 0 rg BT 322.58 79.85 Td ( decrease in the number of vehicles on the road results in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.85 Td (decrease in accidents requiring repairs. Moreover) Tj ET Q q 0 0 0 rg BT 246.79 67.85 Td (, we supply vehicle glass directly to vehicle manufacturers, and a decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 55.85 Td (the number of vehicles produced would result in a decrease in the demand for our glass products.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Our sales are also impacted by changes tothe economic health ofvehicle owners.) Tj ET Q q 0 0 0 rg BT 414.37 742.10 Td (The economic health of vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (ownersis af) Tj ET Q q 0 0 0 rg BT 97.64 730.10 Td (fected by many factors, including, among others, general business conditions, interest rates, inflation, consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (debt levels, the availability of consumer credit, taxation, fuel prices, unemployment trends and other matters that influence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (consumer confidence and spending.Many of these factors are outside of our control. If any of these conditions worsen, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (business, results of operations, financial condition and cash flows could be adversely af) Tj ET Q q 0 0 0 rg BT 399.23 694.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 676.10 Td (In addition, economic conditions, including decreased access to credit, may result in financial dif) Tj ET Q q 0 0 0 rg BT 473.53 676.10 Td (ficulties leading to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.10 Td (restructurings, bankruptcies, liquidations and other unfavorable events for our customers, suppliers, logistics and other service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (providers and financial institutions that are counterparties to our credit facilities and hedge transactions.) Tj ET Q q 0 0 0 rg BT 466.68 652.10 Td (These unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (events af) Tj ET Q q 0 0 0 rg BT 85.13 640.10 Td (fecting our business partners could have an adverse ef) Tj ET Q q 0 0 0 rg BT 300.98 640.10 Td (fect on our business, results of operations, financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 610.10 Td (e have a substantial business presence in Europe, including a significant presence in the United Kingdom.In June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (2016, voters in the United Kingdom decided by referendum to withdraw from the European Union.) Tj ET Q q 0 0 0 rg BT 448.94 598.10 Td (The precise timing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (impacts of this action on our businesses in the United Kingdom and other parts of Europe are unknown at this time. Since the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (vote, we have seen fluctuations in exchange rates leading to pricing pressures and unfavorable translation ef) Tj ET Q q 0 0 0 rg BT 481.38 574.10 Td (fects on our sterling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (denominated earnings. ) Tj ET Q q 0 0 0 rg BT 141.98 562.10 Td (As the details of the United Kingdom) Tj ET Q q 0 0 0 rg BT 294.73 562.10 Td (s withdrawal from the European Union are negotiated and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (implemented, our European businesses could be adversely af) Tj ET Q q 0 0 0 rg BT 293.13 550.10 Td (fected as a result of further fluctuations in exchange rates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (disruptions to access to markets by United Kingdom companies, interruptions of the movement of goods and services between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (countries, a decrease of economic activity in Europe, and political or social unrest.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 508.10 Td (e face intense competition from local, national, international, and internet-based vehicle products providers, and this ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (competition could negatively af) Tj ET Q q 0 0 0 rg BT 177.91 496.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 478.10 Td (The vehicle replacement products industry is highly competitive and is served by numerous suppliers of OEM, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (recycled, aftermarket, refurbished and remanufactured products. ) Tj ET Q q 0 0 0 rg BT 308.91 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 317.95 466.10 Td (ithin each of these categories of suppliers, there are local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (owner) Tj ET Q q 0 0 0 rg BT 74.29 454.10 Td (-operated companies, lar) Tj ET Q q 0 0 0 rg BT 172.67 454.10 Td (ger regional suppliers, national and international providers, and internet-based suppliers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (Providers of vehicle replacement products that have traditionally sold only certain categories of such products may decide to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (expand their product of) Tj ET Q q 0 0 0 rg BT 142.90 430.10 Td (ferings into other categories of vehicle replacement products, which may further increase competition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (Some of our current and potential competitors may have more operational expertise; greater financial, technical, manufacturing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (distribution, and other resources; longer operating histories; lower cost structures; and better relationships in the insurance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (vehicle repair industries or with consumers, than we do. In certain regions of the U.S., local vehicle recycling companies have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (formed cooperative ef) Tj ET Q q 0 0 0 rg BT 137.61 382.10 Td (forts to compete in the wholesale recycled products industry) Tj ET Q q 0 0 0 rg BT 378.00 382.10 Td (. Similarly in Europe, some local companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (are part of cooperative ef) Tj ET Q q 0 0 0 rg BT 149.81 370.10 Td (forts to compete in the aftermarket parts industry) Tj ET Q q 0 0 0 rg BT 344.93 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 349.38 370.10 Td (As a result of these factors, our competitors may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (able to provide products that we are unable to supply) Tj ET Q q 0 0 0 rg BT 260.74 358.10 Td (, provide their products at lower costs, or supply products to customers that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (we are unable to serve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 328.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 328.10 Td (e believe that a majority of collision parts by dollar amount are supplied by OEMs, with the balance being supplied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (by distributors of alternative aftermarket, recycled, refurbished and remanufactured collision parts like us. ) Tj ET Q q 0 0 0 rg BT 475.83 316.10 Td (The OEMsare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (therefore able to exert pricing pressure in the marketplace. ) Tj ET Q q 0 0 0 rg BT 285.32 304.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.96 304.10 Td (e compete with the OEMsprimarily on price and to a lesser extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (on service and quality) Tj ET Q q 0 0 0 rg BT 136.88 292.10 Td (. From time to time, the OEMshave implemented programs seeking to increase their market share in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (collision repair parts industry) Tj ET Q q 0 0 0 rg BT 166.33 280.10 Td (. For example, they have reduced prices on specific products to match the lower prices of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (alternative products and introduced other rebate programs that may disrupt our sales. ) Tj ET Q q 0 0 0 rg BT 391.16 268.10 Td (The growth of these programs or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (introduction of new ones could have a material adverse impact on our business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 238.10 Td (e rely upon our customers and insurance companies to promote the usage of alternative parts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 220.10 Td (Our success depends, in part, on the acceptance and promotion of alternative collision parts usage by automotive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (insurance companies. ) Tj ET Q q 0 0 0 rg BT 137.90 208.10 Td (There can be no assurance that current levels of alternative parts usage will be maintained or will increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (in the future. ) Tj ET Q q 0 0 0 rg BT 102.82 196.10 Td (Alternative part usage in the U.S. has been relatively flat over the last three years. In addition, in some places we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (operate, alternative parts usage is relatively low) Tj ET Q q 0 0 0 rg BT 239.61 184.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.14 166.10 Td (e also rely on business relationships with insurance companies.) Tj ET Q q 0 0 0 rg BT 354.90 166.10 Td (These insurance companies encourage vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (repair facilities to use products we provide. ) Tj ET Q q 0 0 0 rg BT 224.82 154.10 Td (The business relationships include in some cases participation in aftermarket quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (and service assurance programs that may result in a higher usage of our aftermarket products than would be the case without the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (programs.Our arrangements with these companies may be terminated by them at any time, including in connection with their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (own business concerns relating to the of) Tj ET Q q 0 0 0 rg BT 209.84 118.10 Td (fering, availability) Tj ET Q q 0 0 0 rg BT 283.05 118.10 Td (, standards or operations of the aftermarket quality and service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (assurance programs. ) Tj ET Q q 0 0 0 rg BT 133.46 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.09 106.10 Td (e rely on these relationships for sales to some collision repair shops, and a termination of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (relationships may result in a loss of sales, which could adversely af) Tj ET Q q 0 0 0 rg BT 318.14 94.10 Td (fect our results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 76.10 Td (In an Illinois lawsuit involving State Farm Mutual ) Tj ET Q q 0 0 0 rg BT 291.26 76.10 Td (Automobile Insurance Company \("A) Tj ET Q q 0 0 0 rg BT 438.18 76.10 Td (very v) Tj ET Q q 0 0 0 rg BT 462.80 76.10 Td (. State Farm"\), a jury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (decided in October 1999 that State Farm breached certain insurance contracts with its policyholders by using non-OEM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (replacement products to repair damaged vehicles when use of such products did not restore the vehicle to its "pre-loss ) 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 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (condition." ) Tj ET Q q 0 0 0 rg BT 96.17 742.10 Td (The jury found that State Farm misled its customers by not disclosing the use of non-OEM replacement products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (and the alleged inferiority of those products. ) Tj ET Q q 0 0 0 rg BT 229.27 730.10 Td (The jury assessed damages against State Farm of $456million, and the judge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (assessed an additional $730million of disgor) Tj ET Q q 0 0 0 rg BT 229.85 718.10 Td (gement and punitive damages for violations of the Illinois Consumer Fraud ) Tj ET Q q 0 0 0 rg BT 532.85 718.10 Td (Act. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (April 2001, the Illinois ) Tj ET Q q 0 0 0 rg BT 143.11 706.10 Td (Appellate Court upheld the verdict but reduced the damage award by $130million because of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (duplicative damage awards. On ) Tj ET Q q 0 0 0 rg BT 177.51 694.10 Td (August18, 2005, the Illinois Supreme Court reversed the awards made by the circuit court and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (found, among other things, that the plaintif) Tj ET Q q 0 0 0 rg BT 220.96 682.10 Td (fs had failed to establish any breach of contract by State Farm. ) Tj ET Q q 0 0 0 rg BT 473.19 682.10 Td (The U.S. Supreme ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (Court declined to hear an appeal of this case. ) Tj ET Q q 0 0 0 rg BT 231.10 670.10 Td (As a result of this case, some insurance companies reduced or eliminated their use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (of aftermarket products. Our financial results could be adversely af) Tj ET Q q 0 0 0 rg BT 317.55 658.10 Td (fected if insurance companies modified or terminated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (arrangements pursuant to which repair shops buy aftermarket or recycled products from us due to a fear of similar claims.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 628.10 Td (In addition, to the extent that the collision repair industry continues to consolidate, the buying power of collision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (repair shop customers may further increase, putting additional pressure on our financial returns.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 598.10 Td (e may not be able to successfully acquire new businesses or integrate acquisitions, which could cause our business to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.10 586.10 Td (fer) Tj ET Q q 0 0 0 rg BT 73.21 586.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 568.10 Td (e may not be able to successfully complete potential strategic acquisitions if we cannot reach agreement on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (acceptable terms, if we do not obtain antitrust or other regulatory approvals on applicable terms, or for other reasons. Moreover) Tj ET Q q 0 0 0 rg BT 558.93 556.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (we may not be able to identify a suf) Tj ET Q q 0 0 0 rg BT 192.61 544.10 Td (ficient number of acquisition candidates at reasonable prices to maintain our growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 94.49 532.10 Td (Also, over time, we will likely seek to make acquisitions that are relatively lar) Tj ET Q q 0 0 0 rg BT 406.72 532.10 Td (ger as we grow) Tj ET Q q 0 0 0 rg BT 466.88 532.10 Td (. Lar) Tj ET Q q 0 0 0 rg BT 485.57 532.10 Td (ger acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (candidates may attract additional competitive buyers, which could increase our cost or could cause us to lose such acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 502.10 Td (If we buy a company or a division of a company) Tj ET Q q 0 0 0 rg BT 278.68 502.10 Td (, we may experience dif) Tj ET Q q 0 0 0 rg BT 374.29 502.10 Td (ficulty integrating that company's or division's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (personnel and operations, which could negatively af) Tj ET Q q 0 0 0 rg BT 257.86 490.10 Td (fect our operating results. In addition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 472.10 Td (the key personnel of the acquired company may decide not to work for us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 454.10 Td (customers of the acquired company may decide not to purchase products from us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 436.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 436.10 Td (suppliers of the acquired company may decide not to sell products to us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.10 Td (we may experience business disruptions as a result of information technology systems conversions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 400.10 Td (we may experience additional financial and accounting challenges and complexities in areas such as tax planning, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 388.10 Td (treasury management, and financial reporting;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 370.10 Td (we may be held liable for environmental, tax or other risks and liabilities as a result of our acquisitions, some of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 358.10 Td (we may not have discovered during our due diligence;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 340.10 Td (we may intentionally assume the liabilities of the companies we acquire, which could result in material adverse ef) Tj ET Q q 0 0 0 rg BT 540.72 340.10 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 328.10 Td (on our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.10 Td (our existing business may be disrupted or receive insuf) Tj ET Q q 0 0 0 rg BT 305.27 310.10 Td (ficient management attention;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 292.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 292.10 Td (we may not be able to realize the cost savings or other financial benefits we anticipated, either in the amount or in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.10 Td (time frame that we expect; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.10 Td (we may incur debt or issue equity securities to pay for any future acquisition, the issuance of which could involve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 250.10 Td (imposition of restrictive covenants or be dilutive to our existing stockholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (Claims by OEMs relating to aftermarket products could adversely af) Tj ET Q q 0 0 0 rg BT 330.14 232.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 214.10 Td (OEMs and other manufacturers have attempted to use claims of intellectual property infringement against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (manufacturers and distributors of aftermarket products to restrict or eliminate the sale of aftermarket products that are the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (subject of the claims. ) Tj ET Q q 0 0 0 rg BT 136.79 190.10 Td (The OEMs have brought such claims in federal court and with the U.S. International ) Tj ET Q q 0 0 0 rg BT 477.08 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 482.83 190.10 Td (rade Commission.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.91 172.10 Td (o the extent OEMs and other manufacturers are seeking and obtaining more design patents than they have in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (past and are successful in asserting infringement of these patents and defending their validity) Tj ET Q q 0 0 0 rg BT 420.68 160.10 Td (, we could be restricted or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (prohibited from selling certain aftermarket products, which could have an adverse ef) Tj ET Q q 0 0 0 rg BT 387.52 148.10 Td (fect on our business. ) Tj ET Q q 0 0 0 rg BT 472.05 148.10 Td (W) Tj ET Q q 0 0 0 rg BT 480.69 148.10 Td (e will likely incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (significant expenses investigating and defending intellectual property infringement claims. In addition, aftermarket products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (certifying or) Tj ET Q q 0 0 0 rg BT 99.02 124.10 Td (ganizations may revoke the certification of parts that are the subject of the claims. Lack of certification may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (negatively impact us because many major insurance companies recommend or require the use of aftermarket products only if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (they have been certified by an independent certifying or) Tj ET Q q 0 0 0 rg BT 273.11 100.10 Td (ganization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 82.10 Td (In December 2005 and May 2008, Ford Global ) Tj ET Q q 0 0 0 rg BT 282.11 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 287.52 82.10 Td (echnologies, LLC filed complaints with the International ) Tj ET Q q 0 0 0 rg BT 517.28 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 523.04 82.10 Td (rade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Commission against us and others alleging that certain aftermarket products imported into the U.S. infringed on Ford design ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (patents. ) Tj ET Q q 0 0 0 rg BT 82.64 58.10 Td (The parties settled these matters in ) Tj ET Q q 0 0 0 rg BT 223.16 58.10 Td (April 2009 pursuant to a patent license arrangement that is currently scheduled to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (expire in March 2020. In January 2014, Chrysler Group, LLC filed a complaint against us in the U.S. District Court in the ) 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 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Eastern District of Michigan contending that certain aftermarket parts we sell infringe Chrysler design patents. ) Tj ET Q q 0 0 0 rg BT 494.18 742.10 Td (The parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (settled this matter in June 2014 pursuant to a patent license arrangement that expires in June 2019. In the event that these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (license arrangements, or other similar license arrangements with OEMs, are terminated or we are unable to agree upon renewal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (terms, we may be subject to costs and uncertainties of litigation as well as restrictions on our ability to sell aftermarket parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (that replicate parts covered by design patents.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (If the number of vehicles involved in accidents declines or the number of cars being repaired declines, our business could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 664.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.10 664.10 Td (fer) Tj ET Q q 0 0 0 rg BT 73.21 664.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 646.10 Td (Our business depends on vehicle accidents and mechanical failures for both the demand for repairs using our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (products and the supply of recycled, remanufactured and refurbished parts. ) Tj ET Q q 0 0 0 rg BT 353.93 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 359.34 634.10 Td (o the extent that a relatively higher percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (damaged vehicles are declared total losses, there will be less demand for our products to repair such vehicles. In addition, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (business is impacted by factors which influence the number and/or severity of accidents and mechanical failures including, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (not limited to, the number of vehicles on the road, the number of miles driven, the ages of drivers, the occurrence and severity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (of certain weather conditions, the congestion of traf) Tj ET Q q 0 0 0 rg BT 255.91 586.10 Td (fic, drivers distracted by electronic equipment, the use of alcohol and drugs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (by drivers, the ef) Tj ET Q q 0 0 0 rg BT 117.07 574.10 Td (fectiveness of accident avoidance systems in new vehicles, the reliability of new OEM parts, and the condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (of roadways. For example, an increase of the acceptance of the ride-sharing business model would reduce the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (vehicles on the road. ) Tj ET Q q 0 0 0 rg BT 134.20 550.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 184.10 550.10 Td (, an increase in fuel prices may cause the number of vehicles on the road, the number of miles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (driven, and the need for mechanical repairs and maintenance to decline, as motorists seek alternative transportation options. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (Mild weather conditions, particularly during winter months, tend to result in a decrease in vehicle accidents. Moreover) Tj ET Q q 0 0 0 rg BT 523.67 526.10 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (number of states and municipalities have adopted, or are considering adopting, legislation banning the use of handheld cellular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (telephones or other electronic devices while driving, and such restrictions could lead to a decline in accidents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 484.10 Td (Systems designed to help drivers avoid accidents are becoming more prevalent and more technologically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (sophisticated. ) Tj ET Q q 0 0 0 rg BT 106.53 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.94 472.10 Td (o the extent OEMs install or are mandated by law to install accident avoidance systems in their vehicles, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (number and severity of accidents could decrease, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 404.16 460.10 Td (fect on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 442.10 Td (The average number of new vehicles sold annually has fluctuated from year) Tj ET Q q 0 0 0 rg BT 391.79 442.10 Td (-to-year) Tj ET Q q 0 0 0 rg BT 422.88 442.10 Td (. Periods of decreased sales could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (result in a reduction in the number of vehicles on the road and consequently fewer vehicles involved in accidents or in need of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (mechanical repair or maintenance. Substantial further declines in automotive sales in the future could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 406.10 Td (fect on our business, results of operations and/or financial condition. In addition, if vehicle population trends result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (disproportionately high number of older vehicles on the road, insurance companies may find it uneconomical to repair such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (vehicles or there could be less costly repairs. If vehicle population trends result in a disproportionately high number of newer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (vehicles on the road, the demand generally for mechanical repairs and maintenance would likely decline due to the newer) Tj ET Q q 0 0 0 rg BT 535.29 370.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (longer) Tj ET Q q 0 0 0 rg BT 74.85 358.10 Td (-lasting parts in the vehicle population and mechanical failures being covered by OEM warranties for the first years of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (vehicle's life. Moreover) Tj ET Q q 0 0 0 rg BT 143.92 346.10 Td (, alternative collision and mechanical parts are less likely to be used on newer vehicles. Electric vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (do not have traditional engines, our biggest selling product. ) Tj ET Q q 0 0 0 rg BT 292.05 334.10 Td (Thus, an increase in electric vehicles as a percentage of vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (sold will have a negative impact on our engine sales.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (Fluctuations in the prices of metals and other commodities could adversely af) Tj ET Q q 0 0 0 rg BT 368.48 304.10 Td (fect our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 286.10 Td (Our recycling operations generate scrap metal and other metals that we sell.) Tj ET Q q 0 0 0 rg BT 393.66 286.10 Td (After we dismantle a salvage vehicle for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (wholesale parts and after vehicles have been processed in our self service retail business, the remaining vehicle hulks are sold to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (scrap processors and other remaining metals are sold to processors and brokers of metals.In addition, we receive "crush only" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (vehicles from other companies, including OEMs, which we dismantle and which generate scrap metal and other metals. ) Tj ET Q q 0 0 0 rg BT 530.84 250.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (prices of scrap and other metals have historically fluctuated, sometimes significantly) Tj ET Q q 0 0 0 rg BT 387.36 238.10 Td (, due to market factors.In addition, buyers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (may stop purchasing metals entirely due to excess supply) Tj ET Q q 0 0 0 rg BT 278.25 226.10 Td (.) Tj ET Q q 0 0 0 rg BT 283.06 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 288.47 226.10 Td (o the extent that the prices of metals decrease materially or buyers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (stop purchasing metals, our revenue from such sales will suf) Tj ET Q q 0 0 0 rg BT 290.93 214.10 Td (fer and a write-down of our inventory value could be required.) Tj ET Q q 0 0 0 rg BT 543.44 214.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (cost of our wholesale recycled and our self service retail inventory purchases will change as a result of fluctuating scrap metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (and other metals prices. In a period of falling metal prices, there can be no assurance that our inventory purchasing cost will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (decrease the same amount or at the same rate as the scrap metal and other metals prices decline, and there may be a delay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (between the scrap metal and other metals price reductions and any inventory cost reductions. ) Tj ET Q q 0 0 0 rg BT 423.36 166.10 Td (The prices of steel, aluminum, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (plastics are components of the cost to manufacture products for our aftermarket business. If the prices of commodities rise and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (result in higher costs to us for products we sell, we may not be able to pass these higher costs on to our customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (Existing or new laws and regulations may prohibit, restrict or burden the sale of aftermarket, recycled, refurbished or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (remanufactured products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 94.10 Td (Most states have passed laws that prohibit or limit the use of aftermarket products in collision repair work. ) Tj ET Q q 0 0 0 rg BT 516.83 94.10 Td (These laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (include requirements relating to consumer disclosure, vehicle owner) Tj ET Q q 0 0 0 rg BT 323.11 82.10 Td () Tj ET Q q 0 0 0 rg BT 325.89 82.10 Td (s consent regarding the use of aftermarket products in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (repair process, and the requirement to have aftermarket products certified by an independent testing or) Tj ET Q q 0 0 0 rg BT 458.88 70.10 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 507.48 70.10 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (legislation of this kind may be introduced in the future. If additional laws prohibiting or restricting the use of aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (products are passed, it could have an adverse impact on our aftermarket products business. ) 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 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Certain or) Tj ET Q q 0 0 0 rg BT 125.58 742.10 Td (ganizations test the quality and safety of vehicle replacement products. If these or) Tj ET Q q 0 0 0 rg BT 451.67 742.10 Td (ganizations decide not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (test a particular vehicle product, or in the event that such or) Tj ET Q q 0 0 0 rg BT 287.01 730.10 Td (ganizations decide that a particular vehicle product does not meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (applicable quality or safety standards, we may decide to discontinue sales of such product or insurance companies may decide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (to discontinue authorization of repairs using such product. Such events could adversely af) Tj ET Q q 0 0 0 rg BT 408.39 706.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 688.10 Td (Some jurisdictions have enacted laws prohibiting or severely restricting the sale of certain recycled products that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (provide, such as airbags. ) Tj ET Q q 0 0 0 rg BT 150.40 676.10 Td (These and other jurisdictions could enact similar laws or could prohibit or severely restrict the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.10 Td (additional recycled products. ) Tj ET Q q 0 0 0 rg BT 167.61 664.10 Td (The passage of legislation with prohibitions or restrictions that are more severe than current laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (could have a material adverse impact on our business. ) Tj ET Q q 0 0 0 rg BT 269.71 652.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 319.61 652.10 Td (, Congress could enact federal legislation restricting the use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (of aftermarket or recycled automotive products used in the course of vehicle repairs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 622.10 Td (The Federal ) Tj ET Q q 0 0 0 rg BT 138.85 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.61 622.10 Td (rade Commission \(FTC\) has issued guides which regulate the use of certain terms such as rebuilt or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (remanufactured in connection with the sale of automotive parts. Restrictions on the products we are able to sell and on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (marketing of such products could decrease our revenue and have an adverse ef) Tj ET Q q 0 0 0 rg BT 363.63 598.10 Td (fect on our business and operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 580.10 Td (In 1992, Congress enacted the ) Tj ET Q q 0 0 0 rg BT 211.25 580.10 Td (Anti-Car ) Tj ET Q q 0 0 0 rg BT 249.12 580.10 Td (Theft ) Tj ET Q q 0 0 0 rg BT 272.72 580.10 Td (Act to deter traf) Tj ET Q q 0 0 0 rg BT 336.12 580.10 Td (ficking in stolen vehicles. ) Tj ET Q q 0 0 0 rg BT 441.19 580.10 Td (The purpose of the law is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (implement an electronic system to track and monitor vehicle identification numbers and major automotive parts. In January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (2009, the U.S. Department of Justice implemented the portion of the system to track and monitor vehicle identification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (numbers. ) Tj ET Q q 0 0 0 rg BT 88.76 544.10 Td (The portion of the system that would track and monitor major automotive parts would require various entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (including automotive parts recyclers like us, to inspect salvage vehicles for the purpose of collecting the part number for any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td ("covered major part." ) Tj ET Q q 0 0 0 rg BT 138.00 520.10 Td (The Department of Justice has not promulgated rules on this portion of the system, and therefore there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (has been no progress on the implementation of the system to track and monitor major automotive parts. However) Tj ET Q q 0 0 0 rg BT 501.77 508.10 Td (, if this system ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (is fully implemented, the requirement to collect the information would place substantial burdens on vehicle recyclers, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (us, that otherwise would not normally exist. It would place similar burdens on repair shops, which may discourage the use by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (such shops of recycled products. ) Tj ET Q q 0 0 0 rg BT 182.06 472.10 Td (There is no pending initiative to implement the parts registration from a law enforcement point ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (of view) Tj ET Q q 0 0 0 rg BT 79.12 460.10 Td (. However) Tj ET Q q 0 0 0 rg BT 120.37 460.10 Td (, there is a risk that a heightened legislative concern over safety of parts might precipitate an ef) Tj ET Q q 0 0 0 rg BT 499.49 460.10 Td (fort to push for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (the implementation of such rules.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (An adverse change in our relationships with our suppliers or auction companies or a disruption to our supply of inventory ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (could increase our expenses and impede our ability to serve our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 400.10 Td (Our business is dependent on a relatively small number of suppliers of aftermarket products, a lar) Tj ET Q q 0 0 0 rg BT 481.21 400.10 Td (ge portion of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (are sourced from ) Tj ET Q q 0 0 0 rg BT 119.56 388.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.97 388.10 Td (aiwan. ) Tj ET Q q 0 0 0 rg BT 153.67 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 162.31 388.10 Td (e incur substantial freight costs to import parts from our suppliers, many of which are located in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (Asia. If the cost of freight rose, we might not be able to pass the cost increases on to our customers. Furthermore, although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (alternative suppliers exist for substantially all aftermarket products distributed by us, the loss of any one supplier could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.38 352.10 Td (fect on us until alternative suppliers are located and have commenced providing products. In addition, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (are subject to disruptions from work stoppages and other labor disputes at port facilities through which we import our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 87.18 328.10 Td (. Moreover) Tj ET Q q 0 0 0 rg BT 133.70 328.10 Td (, our operations are subject to the customary risks of doing business abroad, including, among other things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (natural disasters, transportation costs and delays, political instability) Tj ET Q q 0 0 0 rg BT 321.85 316.10 Td (, currency fluctuations and the imposition of tarif) Tj ET Q q 0 0 0 rg BT 518.28 316.10 Td (fs, import ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (and export controls and other non-tarif) Tj ET Q q 0 0 0 rg BT 203.99 304.10 Td (f barriers \(including changes in the allocation of quotas\), as well as the uncertainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (regarding future relations between China, Japan and ) Tj ET Q q 0 0 0 rg BT 260.35 292.10 Td (T) Tj ET Q q 0 0 0 rg BT 265.76 292.10 Td (aiwan. ) Tj ET Q q 0 0 0 rg BT 294.46 292.10 Td (The current U.S. administration has discussed the implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (of a tarif) Tj ET Q q 0 0 0 rg BT 83.74 280.10 Td (f on imports into the U.S., the imposition of which would likely have a negative impact on our business due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (amount of inventory we import.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 250.10 Td (Because a substantial volume of our sales involves products manufactured from sheet metal, we can be adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (impacted if sheet metal becomes unavailable or is only available at higher prices, which we may not be able to pass on to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 94.50 226.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 144.40 226.10 Td (, as OEMs convert to raw materials other than steel, it may be more dif) Tj ET Q q 0 0 0 rg BT 428.02 226.10 Td (ficult or expensive to source ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (aftermarket parts made with such materials and it may be more dif) Tj ET Q q 0 0 0 rg BT 315.06 214.10 Td (ficult for repair shops to work with such materials in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (repair process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 184.10 Td (Most of our salvage and a portion of our self service inventory is obtained from vehicles of) Tj ET Q q 0 0 0 rg BT 455.67 184.10 Td (fered at salvage auctions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (operated by several companies that own auction facilities in numerous locations across the U.S. ) Tj ET Q q 0 0 0 rg BT 434.21 172.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.85 172.10 Td (e do not typically have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (contracts with the auction companies. ) Tj ET Q q 0 0 0 rg BT 202.23 160.10 Td (According to industry analysts, a small number of companies control a lar) Tj ET Q q 0 0 0 rg BT 498.09 160.10 Td (ge percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (of the salvage auction market in the U.S. If an auction company prohibited us from participating in its auctions, began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (competing with us, or significantly raised its fees, our business could be adversely af) Tj ET Q q 0 0 0 rg BT 388.41 136.10 Td (fected through higher costs or the resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (potential inability to service our customers. Moreover) Tj ET Q q 0 0 0 rg BT 264.32 124.10 Td (, we face competition in the purchase of vehicles from direct competitors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (rebuilders, exporters and other bidders. ) Tj ET Q q 0 0 0 rg BT 208.44 112.10 Td (T) Tj ET Q q 0 0 0 rg BT 213.85 112.10 Td (o the extent that the number of bidders increases, it may have the ef) Tj ET Q q 0 0 0 rg BT 484.12 112.10 Td (fect of increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (our cost of goods sold for wholesale recycled products. Some states regulate bidders to help ensure that salvage vehicles are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (purchased for legal purposes by qualified buyers. ) Tj ET Q q 0 0 0 rg BT 248.33 88.10 Td (Auction companies have been actively seeking to reduce, circumvent or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (eliminate these regulations, which would further increase the number of bidders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 58.10 Td (In addition, there is a limited supply of salvage vehicles in the U.S. ) Tj ET Q q 0 0 0 rg BT 362.00 58.10 Td (As we grow and our demand for salvage vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (increases, the costs of these incremental vehicles could be higher) Tj ET Q q 0 0 0 rg BT 308.85 46.10 Td (. In some states, when a vehicle is deemed a total loss, a ) 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 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (salvage title is issued. ) Tj ET Q q 0 0 0 rg BT 139.03 742.10 Td (Whether states issue salvage titles is important to the supply of inventory for the vehicle recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (industry because an increase in vehicles that qualify as salvage vehicles provides greater availability and typically lowers the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (price of such vehicles. Currently) Tj ET Q q 0 0 0 rg BT 179.08 718.10 Td (, these titling issues are a matter of state law) Tj ET Q q 0 0 0 rg BT 355.05 718.10 Td (. In 1992, the U.S. Congress commissioned an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (advisory committee to study problems relating to vehicle titling, registration, and salvage. Since then, legislation has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (introduced seeking to establish national uniform requirements in this area, including a uniform definition of a salvage vehicle. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (The vehicle recycling industry will generally favor a uniform definition, since it will avoid inconsistencies across state lines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (and will generally favor a definition that expands the number of damaged vehicles that qualify as salvage. However) Tj ET Q q 0 0 0 rg BT 511.72 670.10 Td (, certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (interest groups, including repair shops and some insurance associations, may oppose this type of legislation. National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (legislation has not yet been enacted in this area, and there can be no assurance that such legislation will be enacted in the future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.14 628.10 Td (e also acquire inventory directly from insurance companies, OEMs, and others. ) Tj ET Q q 0 0 0 rg BT 419.30 628.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.71 628.10 Td (o the extent that these suppliers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (decide to discontinue these arrangements, our business could be adversely af) Tj ET Q q 0 0 0 rg BT 356.17 616.10 Td (fected through higher costs or the resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (potential inability to service our customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (Our annual and quarterly performance may fluctuate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 568.10 Td (Our revenue, cost of goods sold, and operating results have fluctuated on a quarterly and annual basis in the past and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (can be expected to continue to fluctuate in the future as a result of a number of factors, some of which are beyond our control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (Future factors that may af) Tj ET Q q 0 0 0 rg BT 152.62 544.10 Td (fect our operating results include, but are not limited to, those listed in the Special Note on Forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (Looking Statements in this ) Tj ET Q q 0 0 0 rg BT 158.94 532.10 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 282.27 532.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 331.60 532.10 Td (, our results of operations may not be indicative of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 104.84 520.10 Td (These fluctuations in our operating results may cause our results to fall below our published financial guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (and the expectations of public markets, which could cause our stock price or the value of our debt instruments to decline.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (If we lose our key management personnel, we may not be able to successfully manage our business or achieve our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (objectives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 460.10 Td (Our future success depends in lar) Tj ET Q q 0 0 0 rg BT 221.33 460.10 Td (ge part upon the leadership and performance of our executive management team and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (key employees at the operating level. If we lose the services of one or more of our executive of) Tj ET Q q 0 0 0 rg BT 429.45 448.10 Td (ficers or key employees, or if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (one or more of them decides to join a competitor or otherwise compete directly or indirectly with us, we may not be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (successfully manage our business or achieve our business objectives. If we lose the services of any of our key employees at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (operating or regional level, we may not be able to replace them with similarly qualified personnel, which could harm our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 382.10 Td (e operate inforeign jurisdictions, which exposes us to foreign exchange and other risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 364.10 Td (e have operations in North ) Tj ET Q q 0 0 0 rg BT 202.17 364.10 Td (America, Europe, ) Tj ET Q q 0 0 0 rg BT 275.29 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 280.70 364.10 Td (aiwan and China, and we may expand our operations in the countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (in which we do business and into other countries. Our foreign operations expose us to additional risks associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (international business, which could have an adverse ef) Tj ET Q q 0 0 0 rg BT 267.02 340.10 Td (fect on our business, results of operations and/or financial condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (including import and export requirements and compliance with anti-corruption laws, such as the U.K. Bribery ) Tj ET Q q 0 0 0 rg BT 491.06 328.10 Td (Act 2010 and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (Foreign Corrupt Practices ) Tj ET Q q 0 0 0 rg BT 154.76 316.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 174.02 316.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.65 316.10 Td (e also incur costs in currencies other than our functional currencies in some of the countries in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (which we operate. ) Tj ET Q q 0 0 0 rg BT 124.84 304.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.48 304.10 Td (e are thus subject to foreign exchange exposure to the extent that we operate in dif) Tj ET Q q 0 0 0 rg BT 462.34 304.10 Td (ferent currencies, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (as exposure to foreign tax and other foreign and domestic laws. In addition, certain countries in which we operate have a higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (level of political instability and criminal activity relative to the U.S. that could af) Tj ET Q q 0 0 0 rg BT 372.84 280.10 Td (fect our operations and the ability to maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (our supply of products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (If we determine that our goodwill or other intangible assets have become impaired, we may incur significant charges to our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (pre-tax income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 220.10 Td (Goodwill represents the excess of cost over the fair market value of net assets acquired in business combinations. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (the future, goodwill and intangible assets may increase as a result of acquisitions. Goodwill is reviewed at least annually for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (impairment. Impairment may result from, among other things, deterioration in the performance of acquired businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (increases in our cost of capital, adverse market conditions, and adverse changes in applicable laws or regulations, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (modifications that restrict the activities of the acquired business. ) Tj ET Q q 0 0 0 rg BT 308.88 172.10 Td (As of December31, 2016, our total goodwill subject to future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (impairment testing was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.32 160.10 Td ($3.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.43 160.10 Td (. For further discussion of our annual impairment test, see "Goodwill Impairment" in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 81.44 148.10 Td (Accounting Policies and Estimates section of Item7 in this ) Tj ET Q q 0 0 0 rg BT 319.73 148.10 Td (Annual Report on Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 130.10 Td (e amortize other intangible assets over the assigned useful lives, each of which is based upon the expected period to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (be benefited. ) Tj ET Q q 0 0 0 rg BT 103.46 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.10 118.10 Td (e review other intangible assets for possible impairment whenever events or circumstances indicate that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (carrying value may not be recoverable. In the event conditions change that af) Tj ET Q q 0 0 0 rg BT 357.80 106.10 Td (fect our ability to realize the underlying cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (associated with our intangible assets, we may record an impairment char) Tj ET Q q 0 0 0 rg BT 339.50 94.10 Td (ge. ) Tj ET Q q 0 0 0 rg BT 353.39 94.10 Td (As of December 31, 2016, the value of our other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (intangible assets, net of accumulated amortization, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.48 82.10 Td ($584 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.88 82.10 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 31.60 Td (16) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Our business may be adversely af) Tj ET Q q 0 0 0 rg BT 186.81 742.25 Td (fected by union activities and labor and employment laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 724.25 Td (Certain of our employees are represented by labor unions and work under collective bar) Tj ET Q q 0 0 0 rg BT 436.58 724.25 Td (gaining or similar agreements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (which are subject to periodic renegotiation. From time to time, there have been ef) Tj ET Q q 0 0 0 rg BT 375.59 712.25 Td (forts to or) Tj ET Q q 0 0 0 rg BT 414.85 712.25 Td (ganize additional portions of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (workforce and those ef) Tj ET Q q 0 0 0 rg BT 141.22 700.25 Td (forts can be expected to continue. In addition, the U.S. Department of Labor or applicable foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (government agencies could adopt new regulations or interpret existing regulations that could make it significantly easier for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (unionization ef) Tj ET Q q 0 0 0 rg BT 109.58 676.25 Td (forts to be successful. ) Tj ET Q q 0 0 0 rg BT 198.17 676.25 Td (Also, we may in the future be subject to strikes or work stoppages, union and works ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (council campaigns, and other labor disruptions and disputes. ) Tj ET Q q 0 0 0 rg BT 293.34 664.25 Td (Additional unionization ef) Tj ET Q q 0 0 0 rg BT 398.69 664.25 Td (forts, new collective bar) Tj ET Q q 0 0 0 rg BT 495.14 664.25 Td (gaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (agreements, and work stoppages could materially increase our costs and reduce revenue and could limit our flexibility in terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (of work schedules, reductions in force and other operational matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 622.25 Td (e also are subject to federal and state laws and regulations, such as the Fair Labor Standards ) Tj ET Q q 0 0 0 rg BT 463.46 622.25 Td (Act, that govern such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (matters as minimum wage, overtime and other working conditions. Some of these laws are technical in nature and could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (subject to interpretation by government agencies dif) Tj ET Q q 0 0 0 rg BT 257.59 598.25 Td (ferent than our interpretations. Ef) Tj ET Q q 0 0 0 rg BT 390.96 598.25 Td (forts to comply with existing laws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (changes to such laws and newly-enacted laws may increase our labor costs. If we were found not to be in compliance with such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (laws, we could be subject to fines, penalties and liabilities to our employees or government agencies.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 556.25 Td (e rely on information technology and communication systems in critical areas of our operations and a disruption relating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (to such technology could harm our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 526.25 Td (Some of the information technology systems and communication systems we use for management of our facilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (our financial functions are leased from or operated by other companies, while others are owned by us. In the event that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (providers of these systems terminate their relationships with us or if we suf) Tj ET Q q 0 0 0 rg BT 349.81 502.25 Td (fer prolonged outages of these or our own systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (for whatever reason, we could suf) Tj ET Q q 0 0 0 rg BT 184.82 490.25 Td (fer disruptions to our operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 472.25 Td (In the event that we decide to switch providers or to implement upgrades or replacements to our own systems, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (may also suf) Tj ET Q q 0 0 0 rg BT 99.87 460.25 Td (fer disruptions to our business. ) Tj ET Q q 0 0 0 rg BT 225.23 460.25 Td (W) Tj ET Q q 0 0 0 rg BT 233.87 460.25 Td (e may be unsuccessful in the development of our own systems, and we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (underestimate the costs and expenses of developing and implementing our own systems. ) Tj ET Q q 0 0 0 rg BT 405.26 448.25 Td (Also, our revenue may be hampered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (during the period of implementing an alternative system, which period could extend longer than we anticipated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 418.25 Td (e believe we have taken reasonable and appropriate steps to protect our information systems and personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (information about our customers and employees; however) Tj ET Q q 0 0 0 rg BT 281.81 406.25 Td (, ifwe experience a significant data security breach, we could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 Td (exposed to damage to our reputation, additional costs, lost sales or possible regulatory action.) Tj ET Q q 0 0 0 rg BT 428.12 394.25 Td (The regulatory environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (related to information security and privacy isconstantly changing, and compliance with those requirements could result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (additional costs.) Tj ET Q q 0 0 0 rg BT 119.31 370.25 Td (There is no guarantee that the procedures that we have implemented to protect against unauthorized access to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (our systems and personal data are adequate to safeguard against all security breaches,and such a breach could potentially have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (a negative impact on our results of operationsand financial condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (Business interruptions in our distribution centers or other facilities may af) Tj ET Q q 0 0 0 rg BT 356.04 328.25 Td (fect our operations, the function of our computer ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (systems, and/or the availability and distribution of merchandise, which may af) Tj ET Q q 0 0 0 rg BT 371.01 316.25 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 298.25 Td (eather) Tj ET Q q 0 0 0 rg BT 121.16 298.25 Td (, terrorist activities, war or other disasters, or the threat of any of them, may result in the closure of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (distribution centers\(DCs\) or other facilities or may adversely af) Tj ET Q q 0 0 0 rg BT 314.50 286.25 Td (fect our ability to deliver inventory through our system on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (timely basis.) Tj ET Q q 0 0 0 rg BT 104.87 274.25 Td (This may af) Tj ET Q q 0 0 0 rg BT 152.45 274.25 Td (fect our ability to serve our customers, resulting in lost sales or a potential loss of customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (loyalty) Tj ET Q q 0 0 0 rg BT 76.62 262.25 Td (.Some of our merchandise is imported from other countries and these goods could become dif) Tj ET Q q 0 0 0 rg BT 456.62 262.25 Td (ficult or impossible to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (bring into the U.S. or into the other countries in which we operate, and we may not be able to obtain such merchandise from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (other sources at similar prices.Such a disruption in revenue could potentially have a negative impact on our results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (operations and financial condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 208.25 Td (e are subject to environmental regulations and incur costs relating to environmental matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 190.25 Td (e are subject to various federal, state, and local environmental protection and health and safety laws and regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (governing, among other things: the emission and dischar) Tj ET Q q 0 0 0 rg BT 275.95 178.25 Td (ge of hazardous materials into the ground, air) Tj ET Q q 0 0 0 rg BT 457.15 178.25 Td (, or water; exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (hazardous materials; and the generation, handling, storage, use, treatment, identification, transportation, and disposal of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (industrial by-products, waste water) Tj ET Q q 0 0 0 rg BT 189.62 154.25 Td (, storm water) Tj ET Q q 0 0 0 rg BT 241.70 154.25 Td (, and mercury and other hazardous materials. ) Tj ET Q q 0 0 0 rg BT 423.95 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 432.59 154.25 Td (e are also required to obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (environmental permits from governmental authorities for certain of our operations. If we violate or fail to obtain or comply with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (these laws, regulations, or permits, we could be fined or otherwise sanctioned by regulators. ) Tj ET Q q 0 0 0 rg BT 419.77 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 428.41 130.25 Td (e could also become liable if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (employees or other parties are improperly exposed to hazardous materials. ) Tj ET Q q 0 0 0 rg BT 349.49 118.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.13 118.25 Td (e have an environmental management process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (designed to facilitate and support our compliance with these requirements. ) Tj ET Q q 0 0 0 rg BT 349.50 106.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.14 106.25 Td (e cannot assure you, however) Tj ET Q q 0 0 0 rg BT 475.75 106.25 Td (, that we will at all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (times be in complete compliance with such requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 76.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 76.25 Td (e have made and will continue to make capital and other expenditures relating to environmental matters. ) Tj ET Q q 0 0 0 rg BT 516.16 76.25 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.25 Td (we presently do not expect to incur any capital or other expenditures relating to environmental controls or other environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.25 Td (matters in amounts that would be material to us, we may be required to make such expenditures in the future. ) 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 31.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 742.10 Td (Under certain environmental laws, we could be held responsible for all of the costs relating to any contamination at, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (or migration to or from, our or our predecessors' past or present facilities and at independent waste disposal sites. ) Tj ET Q q 0 0 0 rg BT 504.06 730.10 Td (These laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (often impose liability even if the owner or operator did not know of, or was not responsible for) Tj ET Q q 0 0 0 rg BT 428.46 718.10 Td (, the release of such hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (substances. Many of our facilities are located on or near properties with a history of industrial use that may have involved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (hazardous materials. ) Tj ET Q q 0 0 0 rg BT 133.64 694.10 Td (As a result, some of our properties may be contaminated. Some environmental laws hold current or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (previous owners or operators of real property liable for the costs of cleaning up contamination. ) Tj ET Q q 0 0 0 rg BT 430.87 682.10 Td (These environmental laws also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (impose liability on any person who disposes of, treats, or arranges for the disposal or treatment of hazardous substances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (regardless of whether the af) Tj ET Q q 0 0 0 rg BT 160.38 658.10 Td (fected site is owned or operated by such person, and at times can impose liability on companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (deemed under law to be a successor to such person. ) Tj ET Q q 0 0 0 rg BT 257.86 646.10 Td (Third parties may also make claims against owners or operators of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (properties, or successors to such owners or operators, for personal injuries and property damage associated with releases of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (hazardous or toxic substances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 604.10 Td (Contamination resulting from vehicle recycling processes can include soil and ground water contamination from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (release, storage, transportation, or disposal of gasoline, motor oil, antifreeze, transmission fluid, chlorofluorocarbons \("CFCs"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (from air conditioners, other hazardous materials, or metals such as aluminum, cadmium, chromium, lead, and mercury) Tj ET Q q 0 0 0 rg BT 522.87 580.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (Contamination from the refurbishment of chrome plated bumpers can occur from the release of the plating material. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (Contamination can migrate on-site or of) Tj ET Q q 0 0 0 rg BT 209.55 556.10 Td (f-site which can increase the risk, and the amount, of any potential liability) Tj ET Q q 0 0 0 rg BT 508.25 556.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 538.10 Td (When we identify a potential material environmental issue during our acquisition due diligence process, we analyze ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (the risks, and, when appropriate, perform further environmental assessment to verify and quantify the extent of the potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (contamination. Furthermore, where appropriate, we have established financial reserves for certain environmental matters. In the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (event we discover new information or if laws change, we may incur significant liabilities, which may exceed our reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 484.10 Td (Environmental laws are complex, change frequently) Tj ET Q q 0 0 0 rg BT 296.66 484.10 Td (, and have tended to become more stringent over time. Our costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (of complying with current and future environmental and health and safety laws, and our liabilities arising from past or future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (releases of, or exposure to, hazardous substances, may adversely af) Tj ET Q q 0 0 0 rg BT 318.11 460.10 Td (fect our business, results of operations, or financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 430.10 Td (e could be subject to product liability claims and involved in product recalls.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 412.10 Td (If customers of repair shops that purchase our products are injured or suf) Tj ET Q q 0 0 0 rg BT 379.34 412.10 Td (fer property damage, we could be subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (product liability claims by such customers. ) Tj ET Q q 0 0 0 rg BT 223.46 400.10 Td (The successful assertion of this type of claim could have an adverse ef) Tj ET Q q 0 0 0 rg BT 504.84 400.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (business, results of operations or financial condition. In addition, we may become involved in the recall of a product that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (determined to be defective. ) Tj ET Q q 0 0 0 rg BT 163.16 376.10 Td (The expenses of a recall and the damage to our reputation could have an adverse ef) Tj ET Q q 0 0 0 rg BT 495.33 376.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (business, results of operations or financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 346.10 Td (e have agreed to defend and indemnify in certain circumstances insurance companies and customers against claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (and damages relating to product liability and product recalls. ) Tj ET Q q 0 0 0 rg BT 294.80 334.10 Td (The existence of claims or damages for which we must defend and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (indemnify these parties could also negatively impact our business, results of operations or financial condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (Governmental agencies may refuse to grant or renew our operating licenses and permits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 286.10 Td (Our operating subsidiaries in our salvage, self-service, and refurbishing operations must obtain licenses and permits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (from state and local governments to conduct their operations. ) Tj ET Q q 0 0 0 rg BT 297.02 274.10 Td (When we develop or acquire a new facility) Tj ET Q q 0 0 0 rg BT 468.24 274.10 Td (, we must seek the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (approval of state and local units of government. Governmental agencies may resist the establishment of a vehicle recycling or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (refurbishing facility in their communities. ) Tj ET Q q 0 0 0 rg BT 219.28 250.10 Td (There can be no assurance that future approvals or transfers will be granted. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (addition, there can be no assurance that we will be able to maintain and renew the licenses and permits our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (subsidiaries currently hold.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (New regulations related to conflict-free minerals may force us to incur additional expenses and otherwise adversely impact ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (our business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.47 196.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 178.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.78 178.10 Td (August 2012, as mandated by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 282.79 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.43 178.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 466.39 178.10 Td (Act, the SEC adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (final rules regarding disclosure of the use of certain minerals, known as conflict minerals, originating from the Democratic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (Republic of Congo \(DRC\) or adjoining countries. ) Tj ET Q q 0 0 0 rg BT 250.40 154.10 Td (These new requirements impose significant burdens on U.S. public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (companies. Compliance with the rules requires substantial due diligence in an ef) Tj ET Q q 0 0 0 rg BT 370.89 142.10 Td (fort to determine whether products contain the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (conflict minerals. ) Tj ET Q q 0 0 0 rg BT 124.29 130.10 Td (The results of such due diligence ef) Tj ET Q q 0 0 0 rg BT 266.29 130.10 Td (forts must be disclosed on an annual basis in a filing with the SEC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 112.10 Td (Our supply chain is complex and we may incur significant costs to determine the source of any such minerals used in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (our products. ) Tj ET Q q 0 0 0 rg BT 104.59 100.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.23 100.10 Td (e may also incur costs with respect to potential changes to products, processes or sources of supply as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (consequence of our diligence activities. Further) Tj ET Q q 0 0 0 rg BT 239.03 88.10 Td (, the implementation of these rules and their ef) Tj ET Q q 0 0 0 rg BT 425.18 88.10 Td (fect on customer) Tj ET Q q 0 0 0 rg BT 491.42 88.10 Td (, supplier and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (consumer behavior could adversely af) Tj ET Q q 0 0 0 rg BT 201.48 76.10 Td (fect the sourcing, supply and pricing of materials used in our products. ) Tj ET Q q 0 0 0 rg BT 485.86 76.10 Td (As there may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (only a limited number of suppliers of) Tj ET Q q 0 0 0 rg BT 198.18 64.10 Td (fering products free of conflict minerals in some circumstances, we cannot be sure that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (will be able to obtain necessary products from such suppliers in suf) Tj ET Q q 0 0 0 rg BT 318.43 52.10 Td (ficient quantities or at competitive prices. ) Tj ET Q q 0 0 0 rg BT 486.80 52.10 Td (W) Tj ET Q q 0 0 0 rg BT 495.44 52.10 Td (e may face ) 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 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (reputational challenges if we determine that certain of our products contain minerals not determined to be conflict-free or if we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (are unable to suf) Tj ET Q q 0 0 0 rg BT 115.68 730.10 Td (ficiently verify the origins for all conflict minerals used in our products through the procedures we implement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 718.10 Td (, these rules could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 277.74 718.10 Td (fect on our business, results of operations and/or financial condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (If we experience problems with our fleet of trucks, our business could be harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 682.10 Td (e use a fleet of trucks to deliver the majority of the products we sell. ) Tj ET Q q 0 0 0 rg BT 371.87 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 380.51 682.10 Td (e are subject to the risks associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (providing trucking services, including inclement weather) Tj ET Q q 0 0 0 rg BT 277.37 670.10 Td (, disruptions in the transportation infrastructure, governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (regulation, availability and price of fuel, liabilities arising from accidents to the extent we are not covered by insurance, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (insurance premium increases. In addition, our failure to deliver products in a timely and accurate manner could harm our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (reputation and brand, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 293.10 634.10 Td (fect on our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 142.38 613.10 Td ( Common Stock and Financial Structur) Tj ET Q q 0 0 0 rg BT 310.82 613.10 Td (e) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 595.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 595.10 Td (market ) Tj ET Q q 0 0 0 rg BT 99.50 595.10 Td (price ) Tj ET Q q 0 0 0 rg BT 122.54 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.37 595.10 Td (our ) Tj ET Q q 0 0 0 rg BT 150.33 595.10 Td (common ) Tj ET Q q 0 0 0 rg BT 188.38 595.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 211.99 595.10 Td (may ) Tj ET Q q 0 0 0 rg BT 231.71 595.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.65 595.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 276.14 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.20 595.10 Td (could ) Tj ET Q q 0 0 0 rg BT 319.48 595.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 349.74 595.10 Td (us ) Tj ET Q q 0 0 0 rg BT 361.70 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.98 595.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 413.36 595.10 Td (class ) Tj ET Q q 0 0 0 rg BT 435.86 595.10 Td (action ) Tj ET Q q 0 0 0 rg BT 463.92 595.10 Td (litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 577.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.56 577.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.18 577.10 Td (market ) Tj ET Q q 0 0 0 rg BT 157.45 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.40 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.13 577.10 Td (price ) Tj ET Q q 0 0 0 rg BT 211.63 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.47 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.31 577.10 Td (common ) Tj ET Q q 0 0 0 rg BT 275.82 577.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 299.44 577.10 Td (may ) Tj ET Q q 0 0 0 rg BT 319.16 577.10 Td (be ) Tj ET Q q 0 0 0 rg BT 331.11 577.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 361.95 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.24 577.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 394.19 577.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 443.91 577.10 Td (based ) Tj ET Q q 0 0 0 rg BT 469.19 577.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 491.70 577.10 Td (general ) Tj ET Q q 0 0 0 rg BT 523.64 577.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.04 565.10 Td (market ) Tj ET Q q 0 0 0 rg BT 101.90 565.10 Td (conditions.) Tj ET Q q 0 0 0 rg BT 150.88 565.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.52 565.10 Td (market ) Tj ET Q q 0 0 0 rg BT 204.39 565.10 Td (price ) Tj ET Q q 0 0 0 rg BT 229.47 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.23 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.65 565.10 Td (common ) Tj ET Q q 0 0 0 rg BT 304.75 565.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.95 565.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.26 565.10 Td (also ) Tj ET Q q 0 0 0 rg BT 374.47 565.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.01 565.10 Td (af) Tj ET Q q 0 0 0 rg BT 396.59 565.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 426.11 565.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.21 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.64 565.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 490.29 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.16 565.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 527.69 565.10 Td (analysts) Tj ET Q q 0 0 0 rg BT 562.50 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (expectations.Failure ) Tj ET Q q 0 0 0 rg BT 137.98 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.44 553.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 170.55 553.10 Td (such ) Tj ET Q q 0 0 0 rg BT 191.56 553.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 246.71 553.10 Td (even ) Tj ET Q q 0 0 0 rg BT 268.27 553.10 Td (slightly) Tj ET Q q 0 0 0 rg BT 297.62 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.80 553.10 Td (could ) Tj ET Q q 0 0 0 rg BT 327.70 553.10 Td (have ) Tj ET Q q 0 0 0 rg BT 349.25 553.10 Td (an ) Tj ET Q q 0 0 0 rg BT 361.37 553.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 394.58 553.10 Td (ef) Tj ET Q q 0 0 0 rg BT 402.17 553.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 419.83 553.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.51 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.40 553.10 Td (market ) Tj ET Q q 0 0 0 rg BT 477.84 553.10 Td (price ) Tj ET Q q 0 0 0 rg BT 500.50 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.51 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 553.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 75.30 541.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.83 541.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 123.30 541.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 146.60 541.10 Td (market ) Tj ET Q q 0 0 0 rg BT 176.56 541.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 214.86 541.10 Td (has ) Tj ET Q q 0 0 0 rg BT 230.39 541.10 Td (had ) Tj ET Q q 0 0 0 rg BT 247.02 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.65 541.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 298.06 541.10 Td (ef) Tj ET Q q 0 0 0 rg BT 305.65 541.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 322.83 541.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.02 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.43 541.10 Td (market ) Tj ET Q q 0 0 0 rg BT 379.39 541.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 405.46 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.99 541.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 455.95 541.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 483.14 541.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.34 541.10 Td (many ) Tj ET Q q 0 0 0 rg BT 519.75 541.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.27 529.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 95.37 529.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 134.69 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.58 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.91 529.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.78 529.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 251.42 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.86 529.10 Td (these ) Tj ET Q q 0 0 0 rg BT 284.52 529.10 Td (companies.Downturns ) Tj ET Q q 0 0 0 rg BT 381.34 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.23 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.55 529.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 428.77 529.10 Td (market ) Tj ET Q q 0 0 0 rg BT 458.65 529.10 Td (may ) Tj ET Q q 0 0 0 rg BT 477.98 529.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 502.30 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.63 529.10 Td (price ) Tj ET Q q 0 0 0 rg BT 538.72 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 529.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.43 517.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.47 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.18 517.10 Td (decline.) Tj ET Q q 0 0 0 rg BT 158.00 517.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 207.90 517.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.33 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.48 517.10 Td (market ) Tj ET Q q 0 0 0 rg BT 259.18 517.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.10 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.69 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.95 517.10 Td (common ) Tj ET Q q 0 0 0 rg BT 350.88 517.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 374.92 517.10 Td (has ) Tj ET Q q 0 0 0 rg BT 391.18 517.10 Td (been ) Tj ET Q q 0 0 0 rg BT 412.99 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.70 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.85 517.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 460.39 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.76 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.47 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.62 517.10 Td (future ) Tj ET Q q 0 0 0 rg BT 530.43 517.10 Td (may ) Tj ET Q q 0 0 0 rg BT 550.58 517.10 Td (be, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 89.77 505.10 Td (af) Tj ET Q q 0 0 0 rg BT 97.36 505.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 123.75 505.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.71 505.10 Td (allegations ) Tj ET Q q 0 0 0 rg BT 180.99 505.10 Td (made ) Tj ET Q q 0 0 0 rg BT 204.60 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.89 505.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 244.62 505.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 271.58 505.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.54 505.10 Td (short ) Tj ET Q q 0 0 0 rg BT 305.50 505.10 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 335.50 505.10 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 372.18 505.10 Td (activists ) Tj ET Q q 0 0 0 rg BT 406.91 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.20 505.10 Td (others ) Tj ET Q q 0 0 0 rg BT 443.60 505.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 483.87 505.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.16 505.10 Td (business ) Tj ET Q q 0 0 0 rg BT 535.01 505.10 Td (model, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 493.10 Td (management ) Tj ET Q q 0 0 0 rg BT 118.92 493.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.75 493.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.58 493.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.06 493.10 Td (accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 475.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 132.16 475.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 164.15 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.03 475.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 213.68 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.01 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.77 475.10 Td (market ) Tj ET Q q 0 0 0 rg BT 269.08 475.10 Td (price ) Tj ET Q q 0 0 0 rg BT 291.61 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.49 475.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.47 475.10 Td (company) Tj ET Q q 0 0 0 rg BT 348.91 475.10 Td (s ) Tj ET Q q 0 0 0 rg BT 355.34 475.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 398.15 475.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 438.46 475.10 Td (class ) Tj ET Q q 0 0 0 rg BT 460.45 475.10 Td (action ) Tj ET Q q 0 0 0 rg BT 487.43 475.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 526.08 475.10 Td (has ) Tj ET Q q 0 0 0 rg BT 541.96 475.10 Td (often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (been ) Tj ET Q q 0 0 0 rg BT 71.36 463.10 Td (instituted ) Tj ET Q q 0 0 0 rg BT 111.56 463.10 Td (against ) Tj ET Q q 0 0 0 rg BT 142.87 463.10 Td (such ) Tj ET Q q 0 0 0 rg BT 164.18 463.10 Td (companies.If ) Tj ET Q q 0 0 0 rg BT 224.08 463.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 254.84 463.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 293.93 463.10 Td (were ) Tj ET Q q 0 0 0 rg BT 316.34 463.10 Td (instituted ) Tj ET Q q 0 0 0 rg BT 356.54 463.10 Td (against ) Tj ET Q q 0 0 0 rg BT 387.84 463.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 402.22 463.10 Td (it ) Tj ET Q q 0 0 0 rg BT 410.75 463.10 Td (could ) Tj ET Q q 0 0 0 rg BT 435.95 463.10 Td (result ) Tj ET Q q 0 0 0 rg BT 461.15 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.91 463.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 517.66 463.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 540.65 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 558.06 463.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 89.22 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.05 451.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.88 451.10 Td (management) Tj ET Q q 0 0 0 rg BT 169.74 451.10 Td (s ) Tj ET Q q 0 0 0 rg BT 176.14 451.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 213.63 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.56 451.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 273.32 451.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.26 451.10 Td (could ) Tj ET Q q 0 0 0 rg BT 324.98 451.10 Td (have ) Tj ET Q q 0 0 0 rg BT 346.36 451.10 Td (an ) Tj ET Q q 0 0 0 rg BT 358.29 451.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 391.33 451.10 Td (ef) Tj ET Q q 0 0 0 rg BT 398.92 451.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 416.40 451.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.90 451.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.73 451.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (Delaware law) Tj ET Q q 0 0 0 rg BT 105.52 433.10 Td (, our charter documents and our loan documents may impede or discourage a takeover) Tj ET Q q 0 0 0 rg BT 462.20 433.10 Td (, which could af) Tj ET Q q 0 0 0 rg BT 528.13 433.10 Td (fect the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (price of our stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 403.10 Td (The anti-takeover provisions of our certificate of incorporation and bylaws, our loan documents and Delaware law ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (could, together or separately) Tj ET Q q 0 0 0 rg BT 162.69 391.10 Td (, impose various impediments to the ability of a third party to acquire control of us, even if a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (change in control would be beneficial to our existing stockholders. Our certificate of incorporation and bylaws have provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (that could discourage potential takeover attempts and make attempts by stockholders to change management more dif) Tj ET Q q 0 0 0 rg BT 520.00 367.10 Td (ficult. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (credit agreement provides that a change of control is an event of default. Our incorporation under Delaware law and these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (provisions could also impede an acquisition, takeover) Tj ET Q q 0 0 0 rg BT 263.77 343.10 Td (, or other business combination involving us or discourage a potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (acquirer from making a tender of) Tj ET Q q 0 0 0 rg BT 181.76 331.10 Td (fer for our common stock, which, under certain circumstances, could reduce the price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (common stock.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (Future sales of our common stock or other securities may depress our stock price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 283.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 283.10 Td (e and our stockholders may sell shares of common stock or other equity) Tj ET Q q 0 0 0 rg BT 383.64 283.10 Td (, debt or instruments which constitute an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (element of our debt and equity \(collectively) Tj ET Q q 0 0 0 rg BT 223.79 271.10 Td (, "securities"\) in the future. ) Tj ET Q q 0 0 0 rg BT 334.24 271.10 Td (W) Tj ET Q q 0 0 0 rg BT 342.87 271.10 Td (e may also issue shares of common stock under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (equity incentive plan or in connection with future acquisitions. ) Tj ET Q q 0 0 0 rg BT 302.59 259.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.23 259.10 Td (e cannot predict the size of future issuances of securities or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 247.10 Td (fect, if any) Tj ET Q q 0 0 0 rg BT 99.47 247.10 Td (, that future issuances and sales of shares of our common stock or other securities will have on the price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (common stock. Sales of substantial amounts of common stock \(including shares issued in connection with an acquisition\), the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (issuance of additional debt securities, or the perception that such sales or issuances could occur) Tj ET Q q 0 0 0 rg BT 429.81 223.10 Td (, may cause the price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (common stock to fall.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 193.10 Td (e have a substantial amount of indebtedness, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 404.69 193.10 Td (fect on our financial condition and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 181.10 Td (our ability to obtain financing in the future and to react to changes in our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 163.10 Td (As of December 31, 2016, we had approximately $2.2 billion aggregate principal amount of secured debt outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (and approximately $1.1 billion of availability under the Senior Secured Credit Facilities \(without giving ef) Tj ET Q q 0 0 0 rg BT 475.61 151.10 Td (fect to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td ($72.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 139.10 Td ( of letters of credit outstanding\). In addition, we had approximately $1.1 billion aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (unsecured debt outstanding comprising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.91 127.10 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.31 127.10 Td ( aggregate principal amount of the 4.75% senior notes due 2023 \(the "U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (Notes"\) and 500 million \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.90 115.10 Td ($526 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.29 115.10 Td (\) aggregate principal amount of the senior notes due ) Tj ET Q q 0 0 0 rg BT 418.50 115.10 Td (April 1, 2024 \(the "Euro Notes," ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (and together with the U.S. Notes, the "senior notes"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 85.10 Td (Our significant amount of debt and our debt service obligations could limit our ability to satisfy our obligations, limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (our ability to operate our business and impair our competitive position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 55.10 Td (For example, our debt and our debt service obligations could:) 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 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (increase our vulnerability to adverse economic and general industry conditions, including interest rate fluctuations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (because a portion of our borrowings are and will continue to be at variable rates of interest;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 712.10 Td (require us to dedicate a substantial portion of our cash flow from operations to payments on our debt, which would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 700.10 Td (reduce the availability of our cash flow from operations to fund working capital, capital expenditures or other general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 688.10 Td (corporate purposes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td (limit our flexibility in planning for) Tj ET Q q 0 0 0 rg BT 223.69 670.10 Td (, or reacting to, changes in our business and industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 652.10 Td (place us at a disadvantage compared to competitors that may have proportionately less debt;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (limit our ability to obtain additional debt or equity financing due to applicable financial and restrictive covenants in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (our debt agreements; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 604.10 Td (increase our cost of borrowing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (In addition, if we or our subsidiaries incur additional debt, the risks associated with our substantial leverage and the ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (service such debt would increase.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (Our senior notes do not impose any limitations on our ability to incur additional debt or protect against certain other types ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (of transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 526.10 Td (Although we are subject to our senior secured credit facilities for so long as they remain in ef) Tj ET Q q 0 0 0 rg BT 458.25 526.10 Td (fect, the indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (governing the U.S. Notes and the indenture governing the Euro Notes do not restrict the future incurrence of unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (indebtedness, guarantees or other obligations. ) Tj ET Q q 0 0 0 rg BT 234.55 502.10 Td (The indentures contain certain limitations on our ability to incur liens on assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (and engage in sale and leaseback transactions. However) Tj ET Q q 0 0 0 rg BT 272.89 490.10 Td (, these limitations are subject to important exceptions. In addition, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (indentures do not contain many other restrictions, including certain restrictions contained in our senior secured credit facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (including, without limitation, investments or prepaying subordinated indebtedness or engaging in transactions with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 454.10 Td (filiates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 436.10 Td (Our senior secured credit facilities will permit, subject to specified conditions and limitations, the incurrence of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (significant amount of additional indebtedness. ) Tj ET Q q 0 0 0 rg BT 236.13 424.10 Td (As of December31, 2016, we would have been able to incur an additional $1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (billion of indebtedness under our revolving credit facility \(without giving ef) Tj ET Q q 0 0 0 rg BT 353.14 412.10 Td (fect to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.16 412.10 Td ($72.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.05 412.10 Td ( of outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (letters of credit\). If we or our subsidiaries incur additional debt, the risks associated with our substantial leverage and the ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (to service such debt would increase.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Our senior secured credit facilities impose significant operating and financial restrictions on us and our subsidiaries, which ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (may prevent us from capitalizing on business opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 340.10 Td (Our senior secured credit facilities impose significant operating and financial restrictions on us. ) Tj ET Q q 0 0 0 rg BT 469.65 340.10 Td (These restrictions limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (our ability) Tj ET Q q 0 0 0 rg BT 90.23 328.10 Td (, among other things, to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.10 Td (incur) Tj ET Q q 0 0 0 rg BT 105.65 310.10 Td (, assume or permit to exist additional indebtedness \(including guarantees thereof\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 292.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 292.10 Td (pay dividends or certain other distributions on our capital stock or repurchase our capital stock or prepay subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.10 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.10 Td (incur liens on assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 244.10 Td (make certain investments or other restricted payments;) 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 85.50 226.10 Td (engage in transactions with af) Tj ET Q q 0 0 0 rg BT 204.72 226.10 Td (filiates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 208.10 Td (sell certain assets or mer) Tj ET Q q 0 0 0 rg BT 183.62 208.10 Td (ge or consolidate with or into other companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 190.10 Td (guarantee indebtedness; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 172.10 Td (alter the business we conduct.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 154.10 Td (As a result of these covenants and restrictions, we will be limited in how we conduct our business and we may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (unable to raise additional debt or equity financing to compete ef) Tj ET Q q 0 0 0 rg BT 305.34 142.10 Td (fectively or to take advantage of new business opportunities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (The terms of any future indebtedness we may incur could include more restrictive covenants. ) Tj ET Q q 0 0 0 rg BT 424.47 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 433.11 130.10 Td (e cannot assure you that we will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (be able to maintain compliance with these covenants in the future and, if we fail to do so, that we will be able to obtain waivers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (from the lenders and/or amend the covenants. ) Tj ET Q q 0 0 0 rg BT 234.26 106.10 Td (The failure to comply with any of these covenants would cause a default under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (the credit agreement. ) Tj ET Q q 0 0 0 rg BT 135.57 94.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.24 94.10 Td ( default, if not waived, could result in acceleration of our debt, in which case the debt would become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (immediately due and payable. If this occurs, we may not be able to repay our debt or borrow suf) Tj ET Q q 0 0 0 rg BT 434.20 82.10 Td (ficient funds to refinance it. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Even if new financing were available, it may be on terms that are less attractive to us than our existing credit facilities or it may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (be on terms that are not acceptable to us.) 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 31.60 Td (20) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 742.25 Td (e may not be able to generate suf) Tj ET Q q 0 0 0 rg BT 192.73 742.25 Td (ficient cash to service all of our indebtedness, and may be forced to take other actions to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 730.25 Td (satisfy our obligations under our indebtedness, which may not be successful.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 712.25 Td (Our ability to make scheduled payments on or to refinance our debt obligations depends on our financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (and operating performance, which is subject to prevailing economic and competitive conditions and to certain financial, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (business and other factors beyond our control. ) Tj ET Q q 0 0 0 rg BT 236.50 688.25 Td (W) Tj ET Q q 0 0 0 rg BT 245.13 688.25 Td (e cannot assure you that we will maintain a level of cash flows from operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (activities suf) Tj ET Q q 0 0 0 rg BT 100.14 676.25 Td (ficient to permit us to pay the principal, premium, if any) Tj ET Q q 0 0 0 rg BT 324.43 676.25 Td (, and interest on our indebtedness. If our cash flows and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (capital resources are insuf) Tj ET Q q 0 0 0 rg BT 153.44 664.25 Td (ficient to fund our debt service obligations, we may be forced to reduce or delay investments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (capital expenditures, or to sell assets, seek additional capital or restructure or refinance our indebtedness. ) Tj ET Q q 0 0 0 rg BT 471.39 652.25 Td (These alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (measures may not be successful and may not permit us to meet our scheduled debt service obligations. If our operating results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (and available cash are insuf) Tj ET Q q 0 0 0 rg BT 159.82 628.25 Td (ficient to meet our debt service obligations, we could face substantial liquidity problems and might ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.25 Td (be required to dispose of material assets or operations to meet our debt service and other obligations. ) Tj ET Q q 0 0 0 rg BT 454.76 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 463.40 616.25 Td (e may not be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.25 Td (consummate those dispositions or to obtain the proceeds that we could realize from them, and these proceeds may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (adequate to meet any debt service obligations then due. ) Tj ET Q q 0 0 0 rg BT 272.76 592.25 Td (Any future refinancing of our indebtedness could be at higher interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (rates and may require us to comply with more onerous covenants which could further restrict our business operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 568.25 Td (, the senior secured credit facilities and the indentures that govern our senior notes limit the use of the proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (from certain dispositions of our assets; as a result, our senior secured credit facilities and our senior notes may prevent us from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (using the proceeds from such dispositions to satisfy all of our debt service obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 526.25 Td (In addition, we are a holding company and repayment of our indebtedness is dependent upon cash flow generated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (our subsidiaries and their ability to make such cash available to us, by dividend, debt repayment or otherwise. Unless they are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (borrowers or guarantors of the indebtedness, our subsidiaries do not have any obligation to pay amounts due on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (indebtedness or to make funds available for that purpose. Our subsidiaries may not be able to, or be permitted to, make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (distributions to enable us to make payments in respect of our indebtedness. Each of our subsidiaries is a distinct legal entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (and, under certain circumstances, legal and contractual restrictions may limit our ability to obtain cash from our subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (and, under certain circumstances, distributions from our subsidiaries may be subject to significant taxes that reduce the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (of such distributions available to us. In the event that we do not receive suf) Tj ET Q q 0 0 0 rg BT 348.96 442.25 Td (ficient distributions from our subsidiaries, we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (be unable to make required principal and interest payments on our indebtedness.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (Our future capital needs may require that we seek to refinance our debt or obtain additional debt or equity financing, events ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (that could have a negative ef) Tj ET Q q 0 0 0 rg BT 167.36 400.25 Td (fect on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 382.25 Td (e may need to raise additional funds in the future to, among other things, refinance existing debt, fund our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (operations, improve or expand our operations, respond to competitive pressures, or make acquisitions. From time to time, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (may raise additional funds through public or private financing, strategic alliances, or other arrangements. Funds may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (available or available on terms acceptable to us as a result of dif) Tj ET Q q 0 0 0 rg BT 305.33 346.25 Td (ferent factors, including but not limited to turmoil in the credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (markets that results in the tightening of credit conditions and current or future regulations applicable to the financial institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (from whom we seek financing. If adequate funds are not available on acceptable terms, we may be unable to meet our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (or strategic objectives or compete ef) Tj ET Q q 0 0 0 rg BT 194.53 310.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 228.87 310.25 Td (. If we raise additional funds by issuing equity securities, stockholders may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (experience dilution of their ownership interests, and the newly issued securities may have rights superior to those of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (common stock. If we raise additional funds by issuing debt, we may be subject to higher borrowing costs and further limitations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (on our operations. If we refinance or restructure our debt, we may incur char) Tj ET Q q 0 0 0 rg BT 355.58 274.25 Td (ges to write of) Tj ET Q q 0 0 0 rg BT 412.88 274.25 Td (f the unamortized portion of deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (debt issuance costs from a previous financing, or we may incur char) Tj ET Q q 0 0 0 rg BT 321.45 262.25 Td (ges related to hedge inef) Tj ET Q q 0 0 0 rg BT 419.01 262.25 Td (fectiveness from our interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (swap obligations. In addition, there are restrictions in the indenture that governs the U.S. Notes on our ability to refinance such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (notes prior to 2018. ) Tj ET Q q 0 0 0 rg BT 130.14 238.25 Td (There are also restrictions in the indenture that governs the Euro Notes on our ability to refinance such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (notes prior to 2024. If we fail to raise capital when needed, our business may be negatively af) Tj ET Q q 0 0 0 rg BT 423.37 226.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (Our variable rate indebtedness subjects us to interest rate risk, which could cause our indebtedness service obligations to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (increase significantly and could af) Tj ET Q q 0 0 0 rg BT 191.54 196.25 Td (fect the value of our senior notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 178.25 Td (Certain borrowings under our senior secured credit facilities and the borrowing under our accounts receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (securitization facility are at variable rates of interest and expose us to interest rate risk. If interest rates increase, our debt service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (obligations on the variable rate indebtedness would increase even though the amount borrowed remained the same, and our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (income and cash flows, including cash available for servicing our indebtedness, would correspondingly decrease. Moreover) Tj ET Q q 0 0 0 rg BT 544.22 142.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (changes in market interest rates could af) Tj ET Q q 0 0 0 rg BT 210.36 130.25 Td (fect the trading value of the notes. ) Tj ET Q q 0 0 0 rg BT 348.65 130.25 Td (Assuming all revolving loans were fully drawn and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (no interest rate swaps were in place, each one percentage point change in interest rates would result in a $32.8 million change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (annual cash interest expense under our senior secured credit facilities and our accounts receivable securitization facility) Tj ET Q q 0 0 0 rg BT 526.70 106.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 88.25 Td (Repayment of our indebtedness, including our senior notes, is dependent on cash flow generated by our subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 70.25 Td (e are a holding company and repayment of our senior notes will be dependent upon cash flow generated by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (subsidiaries and their ability to make such cash available to us, by dividend, debt repayment or otherwise. Unless they are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.25 Td (guarantors of the notes, our subsidiaries do not have any obligation to pay amounts due on the notes or to make funds available ) 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 31.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (for that purpose. Our subsidiaries may not be able to, or be permitted to, make distributions to enable us to make payments in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (respect of our indebtedness, including the notes. Each of our subsidiaries is a distinct legal entity and, under certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (circumstances, legal and contractual restrictions may limit our ability to obtain cash from our subsidiaries. ) Tj ET Q q 0 0 0 rg BT 476.70 718.10 Td (While the indentures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (governing the notes limit the ability of our subsidiaries to restrict the payment of dividends or make other intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (payments to us, these limitations are subject to certain qualifications and exceptions. In the event that we do not receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (distributions from our subsidiaries, we may be unable to make required principal and interest payments on our indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (including the notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 652.10 Td ( downgrade in our credit rating would impact our cost of capital andcould impactthe market value of our senior notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (Credit ratings have an important ef) Tj ET Q q 0 0 0 rg BT 225.00 634.10 Td (fect on our cost of capital. Credit rating agencies rate our debt securities on factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (that include, among other items, our results of operations, business decisions that we make, their view of the general outlook for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (our industry) Tj ET Q q 0 0 0 rg BT 97.46 610.10 Td (, and their view of the general outlook for the economy) Tj ET Q q 0 0 0 rg BT 317.57 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.02 610.10 Td (Actions taken by the rating agencies can include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (maintaining, upgrading, or downgrading the current rating or placing us on a watch list for possible future downgrading.) Tj ET Q q 0 0 0 rg BT 533.37 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.01 598.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (believe our current credit ratings enhance our ability to borrow funds atfavorable rates.) Tj ET Q q 0 0 0 rg BT 403.81 586.10 Td (A) Tj ET Q q 0 0 0 rg BT 410.48 586.10 Td ( downgrade in our current credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (rating froma rating agency couldadversely af) Tj ET Q q 0 0 0 rg BT 233.96 574.10 Td (fect our cost of capital by causing us to pay a higher interest rate on borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (funds under our creditfacilities.) Tj ET Q q 0 0 0 rg BT 181.96 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 188.63 562.10 Td ( downgrade could also adversely af) Tj ET Q q 0 0 0 rg BT 329.79 562.10 Td (fect the market price and/or liquidity of our senior notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (preventing a holder from selling the notes at a favorable price, as well as adversely af) Tj ET Q q 0 0 0 rg BT 390.85 550.10 Td (fect our ability to issue new notes in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (future or incur other indebtedness upon favorable terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 520.10 Td (The right to receive payments on the senior notes is ef) Tj ET Q q 0 0 0 rg BT 273.47 520.10 Td (fectively junior to those lenders who have a security interest in our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (Our obligations under our senior notes and our guarantors) Tj ET Q q 0 0 0 rg BT 319.70 490.10 Td ( obligations under their guarantees of the notes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (unsecured, but our and each co-borrower) Tj ET Q q 0 0 0 rg BT 213.69 478.10 Td () Tj ET Q q 0 0 0 rg BT 216.47 478.10 Td (s obligations under our senior secured credit facilities and each guarantor) Tj ET Q q 0 0 0 rg BT 509.51 478.10 Td () Tj ET Q q 0 0 0 rg BT 512.29 478.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (obligations under their respective guarantees of the senior secured credit facilities are secured by a security interest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (substantially all of our domestic tangible and intangible assets, including the stock of most of our wholly-owned United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (subsidiaries and the stock of certain of our non-United States subsidiaries. If we are declared bankrupt or insolvent, or if we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (default under our senior secured credit facilities, the lenders could declare all of the funds borrowed thereunder) Tj ET Q q 0 0 0 rg BT 493.64 430.10 Td (, together with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (accrued interest, immediately due and payable. If we were unable to repay such indebtedness, the lenders could foreclose on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (pledged assets to the exclusion of holders of our notes, even if an event of default exists under the applicable indenture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (governing the notes. Furthermore, if the lenders foreclose and sell the pledged equity interests in any subsidiary guarantor under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (our notes, then that guarantor will be released from its guarantee of the notes automatically and immediately upon such sale. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (any such event, because the notes are not secured by any of our assets or the equity interests in subsidiary guarantors, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (possible that there would be no assets remaining from which claims by holders of the notes could be satisfied or) Tj ET Q q 0 0 0 rg BT 497.05 358.10 Td (, if any assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (remained, they might be insuf) Tj ET Q q 0 0 0 rg BT 169.01 346.10 Td (ficient to satisfy claims fully) Tj ET Q q 0 0 0 rg BT 282.78 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 287.23 346.10 Td (As of December 31, 2016, we had approximately $2.2 billion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (aggregate principal amount of secured debt outstanding and approximately $1.1 billion of availability under the senior secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (credit facilities \(without giving ef) Tj ET Q q 0 0 0 rg BT 183.72 322.10 Td (fect to approximately $72.7 million of letters of credit outstanding\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (United States federal and state statutes allow courts, under specific circumstances, to void the senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 304.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.40 304.10 Td (and the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (guarantees, subordinate claims in respect of the senior notes and the guarantees, and require holders of the senior notes to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (return payments received from us or the guarantors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.10 Td (Our direct and indirect domestic subsidiaries that are obligors under the senior secured credit facilities guarantee the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (obligations under our senior notes. In addition, certain subsidiaries of the issuer of the Euro Notes guarantee the obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (under the Euro Notes. ) Tj ET Q q 0 0 0 rg BT 139.57 238.10 Td (The issuance of our senior notes and the issuance of the guarantees by the guarantors may be subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (review under state and federal laws if a bankruptcy) Tj ET Q q 0 0 0 rg BT 253.21 226.10 Td (, liquidation or reor) Tj ET Q q 0 0 0 rg BT 330.78 226.10 Td (ganization case or a lawsuit, including in circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (in which bankruptcy is not involved, were commenced at some future date by) Tj ET Q q 0 0 0 rg BT 359.59 214.10 Td (, or on behalf of, our unpaid creditors or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (unpaid creditors of a guarantor) Tj ET Q q 0 0 0 rg BT 172.23 202.10 Td (. Under the federal bankruptcy laws of the United States and comparable provisions of state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (fraudulent transfer laws, a court may avoid or otherwise decline to enforce the notes, or a guarantor) Tj ET Q q 0 0 0 rg BT 447.49 190.10 Td () Tj ET Q q 0 0 0 rg BT 450.27 190.10 Td (s guarantee, or may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (subordinate the notes, or such guarantee, to our or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 348.93 178.10 Td () Tj ET Q q 0 0 0 rg BT 351.71 178.10 Td (s existing and future indebtedness. ) Tj ET Q q 0 0 0 rg BT 492.06 178.10 Td (While the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (relevant laws may vary from jurisdiction to jurisdiction, a court might do so if it found that when indebtedness under the notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (was issued, or when the applicable guarantor entered into its guarantee, or) Tj ET Q q 0 0 0 rg BT 345.38 154.10 Td (, in some jurisdictions, when payments became due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (under the notes, or such guarantee, the issuer or the applicable guarantor received less than reasonably equivalent value or fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (consideration and:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 112.10 Td (was insolvent or rendered insolvent by reason of such incurrence;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 94.10 Td (was engaged in a business or transaction for which its remaining assets constituted unreasonably small capital; or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 76.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 76.10 Td (intended to incur) Tj ET Q q 0 0 0 rg BT 152.86 76.10 Td (, or believed that it would incur) Tj ET Q q 0 0 0 rg BT 278.26 76.10 Td (, debts beyond its ability to pay such debts as they mature.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 58.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 58.10 Td ( court would likely find that we or a guarantor did not receive reasonably equivalent value or fair consideration for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (the notes or such guarantee if we or such guarantor did not substantially benefit directly or indirectly from the issuance of the ) 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 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 75.43 742.10 Td (Thus, if the guarantees were legally challenged, any guarantee could be subject to the claim that, since the guarantee was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (incurred for our benefit, and only indirectly for the benefit of the guarantor) Tj ET Q q 0 0 0 rg BT 348.71 730.10 Td (, the obligations of the applicable guarantor were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (incurred for less than reasonably equivalent value or fair consideration. If a court were to void the issuance of the notes or any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (guarantee, a holder of the notes would no longer have any claim against us or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 457.69 706.10 Td (. In the event of a finding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (that a fraudulent transfer or conveyance occurred, a holder of the notes may not receive any repayment on the notes. Further) Tj ET Q q 0 0 0 rg BT 545.56 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (the avoidance of the notes could result in an event of default with respect to our and our subsidiaries) Tj ET Q q 0 0 0 rg BT 453.08 682.10 Td ( other debt, which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (result in acceleration of that debt. ) Tj ET Q q 0 0 0 rg BT 185.65 670.10 Td (The measures of insolvency for purposes of these fraudulent transfer laws vary depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (upon the law applied in any proceeding to determine whether a fraudulent transfer has occurred. Generally) Tj ET Q q 0 0 0 rg BT 475.34 658.10 Td (, however) Tj ET Q q 0 0 0 rg BT 514.37 658.10 Td (, an issuer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (or a guarantor) Tj ET Q q 0 0 0 rg BT 105.18 646.10 Td (, as applicable, would be considered insolvent if:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 628.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 628.10 Td (the sum of its debts, including contingent liabilities, was greater than the fair value of its assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td (the present fair saleable value of its assets was less than the amount that would be required to pay its probable liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 598.10 Td (on its existing debts, including contingent liabilities, as they become absolute and mature; or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 580.10 Td (it could not pay its debts as they become due.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 562.10 Td ( court might also void the notes, or a guarantee, without regard to the above factors, if the court found that the notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (were incurred or issued or the applicable guarantor entered into its guarantee with actual intent to hinder) Tj ET Q q 0 0 0 rg BT 466.17 550.10 Td (, delay or defraud its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 89.30 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.94 538.10 Td (e cannot give any assurance as to what standard a court would apply in determining whether we or the guarantors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (were solvent at the relevant time or that a court would agree with our conclusions in this regard, or) Tj ET Q q 0 0 0 rg BT 443.70 526.10 Td (, regardless of the standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (that a court uses, that it would not determine that we or a guarantor were indeed insolvent on that date; that any payments to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (holders of the notes \(including under the guarantees\) did not constitute preferences, fraudulent transfers or conveyances on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (other grounds; or that the issuance of the notes and the guarantees would not be subordinated to our or any guarantor) Tj ET Q q 0 0 0 rg BT 516.97 490.10 Td () Tj ET Q q 0 0 0 rg BT 519.74 490.10 Td (s other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (debt. In addition, any payment by us or a guarantor pursuant to the notes, or its guarantee, could be avoided and required to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (returned to us or such guarantor or to a fund for the benefit of our or such guarantor) Tj ET Q q 0 0 0 rg BT 384.49 466.10 Td () Tj ET Q q 0 0 0 rg BT 387.26 466.10 Td (s creditors, and accordingly the court might ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (direct holders of the notes to repay any amounts already received from us or such guarantor) Tj ET Q q 0 0 0 rg BT 415.21 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 419.66 454.10 Td (Among other things, under U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (bankruptcy law) Tj ET Q q 0 0 0 rg BT 110.77 442.10 Td (, any payment by us pursuant to the notes or by a guarantor under a guarantee made at a time we or such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (guarantor were found to be insolvent could be voided and required to be returned to us or such guarantor or to a fund for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (benefit of our or such guarantor) Tj ET Q q 0 0 0 rg BT 176.77 418.10 Td () Tj ET Q q 0 0 0 rg BT 179.55 418.10 Td (s creditors if such payment is made to an insider within a one-year period prior to a bankruptcy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (filing or within 90 days for any outside party and such payment would give such insider or outsider party more than such party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (would have received in a distribution under the Bankruptcy Code in a hypothetical Chapter 7 case. ) Tj ET Q q 0 0 0 rg BT 445.77 394.10 Td (Although each guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (contains a savings clause intended to limit the subsidiary guarantor) Tj ET Q q 0 0 0 rg BT 326.74 382.10 Td () Tj ET Q q 0 0 0 rg BT 329.52 382.10 Td (s liability to the maximum amount that it could incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (without causing the incurrence of obligations under its subsidiary guarantee to be a fraudulent transfer) Tj ET Q q 0 0 0 rg BT 457.86 370.10 Td (, this provision may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (be ef) Tj ET Q q 0 0 0 rg BT 69.03 358.10 Td (fective as a legal matter to protect any subsidiary guarantees from being avoided under fraudulent transfer law) Tj ET Q q 0 0 0 rg BT 509.31 358.10 Td (. In that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (regard, in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.32 346.10 Td (Official Committee of Unsecur) Tj ET Q q 0 0 0 rg BT 212.98 346.10 Td (ed Cr) Tj ET Q q 0 0 0 rg BT 235.11 346.10 Td (editors of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.17 346.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.67 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 281.05 346.10 Td (OUSA, Inc. v Citicorp North ) Tj ET Q q 0 0 0 rg BT 397.80 346.10 Td (America, Inc) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.45 346.10 Td ( ., the United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Bankruptcy Court in the Southern District of Florida held that a savings clause similar to the savings clause included in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (indentures was unenforceable. ) Tj ET Q q 0 0 0 rg BT 172.79 322.10 Td (As a result, the subsidiary guarantees were found to be fraudulent conveyances. ) Tj ET Q q 0 0 0 rg BT 493.61 322.10 Td (The United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (States Court of ) Tj ET Q q 0 0 0 rg BT 111.44 310.10 Td (Appeals for the Eleventh Circuit subsequently af) Tj ET Q q 0 0 0 rg BT 306.21 310.10 Td (firmed the liability findings of the Bankruptcy Court without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (ruling directly on the enforceability of savings clauses generally) Tj ET Q q 0 0 0 rg BT 305.43 298.10 Td (. If the decision of the bankruptcy court in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.49 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 481.87 298.10 Td (OUSA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.42 298.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (followed by other courts, the risk that the guarantees would be deemed fraudulent conveyances would be significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (increased.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 256.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 256.10 Td (o the extent a court avoids the notes or any of the guarantees as fraudulent transfers or holds the notes or any of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (guarantees unenforceable for any other reason, the holders of the notes would cease to have any direct claim against us or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (applicable guarantor) Tj ET Q q 0 0 0 rg BT 130.85 232.10 Td (. If a court were to take this action, our or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 396.39 232.10 Td () Tj ET Q q 0 0 0 rg BT 399.17 232.10 Td (s assets would be applied first to satisfy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (our or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 173.15 220.10 Td () Tj ET Q q 0 0 0 rg BT 175.93 220.10 Td (s other liabilities, if any) Tj ET Q q 0 0 0 rg BT 269.98 220.10 Td (, and might not be applied to the payment of the notes. Suf) Tj ET Q q 0 0 0 rg BT 504.20 220.10 Td (ficient funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (to repay the notes may not be available from other sources, including the remaining guarantors, if any) Tj ET Q q 0 0 0 rg BT 455.95 208.10 Td (. In addition, the Euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (Notes and the guarantees may be subject to avoidance under the laws of other foreign jurisdictions, including Italy and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (Czech Republic, to the extent that we or any of the guarantors \(as applicable\) were to be the subject of an insolvency or related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (proceeding in such jurisdiction\(s\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (Not all of our subsidiaries have guaranteed our senior secured credit facilities or our senior notes, and the assets of our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (non-guarantor subsidiaries may not be available to make payments on such obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 124.10 Td (Not all of our subsidiaries have guaranteed the senior secured credit facilities, our U.S. Notes or our Euro Notes. In the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (event that any non-guarantor subsidiary becomes insolvent, liquidates, reor) Tj ET Q q 0 0 0 rg BT 349.79 112.10 Td (ganizes, dissolves or otherwise winds up, holders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (its indebtedness and its trade creditors generally will be entitled to payment on their claims from the assets of that subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (before any of those assets are made available to the lenders under the senior secured credit facilities or the holders of the senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (notes. Consequently) Tj ET Q q 0 0 0 rg BT 129.95 76.10 Td (, claims in respect of the senior secured credit facilities and the senior notes are structurally subordinated to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (all of the liabilities of our subsidiaries that are not guarantors of such instruments, including trade payables, and any claims of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (third party holders of preferred equity interests, if any) Tj ET Q q 0 0 0 rg BT 264.06 52.10 Td (, in our non-guarantor subsidiaries. For the year ended December 31, ) 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 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (2016, our subsidiaries that are not borrowers under or do not guarantee the senior secured credit facilities and our subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (that do not guarantee the U.S. Notes represented approximately 38% and 27% of our total revenue and operating income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 718.10 Td (. In addition, these non-guarantor subsidiaries represented approximately 46% and 34% of our total assets and total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (liabilities, respectively) Tj ET Q q 0 0 0 rg BT 139.38 706.10 Td (, as of December 31, 2016 \(excluding, in each case, intercompany amounts\). ) Tj ET Q q 0 0 0 rg BT 447.33 706.10 Td (As of the same date, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (subsidiaries that do not guarantee the senior secured credit facilities or the U.S. Notes had approximately $923.0 million of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (outstanding indebtedness \(which includes $267.8 million of borrowings under our revolving credit facilities by foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (subsidiaries that are borrowers under the revolving credit facilities but that do not guarantee the U.S. Notes\). ) Tj ET Q q 0 0 0 rg BT 485.86 670.10 Td (The group of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (subsidiaries that does not guarantee the Euro Notes is similar to the group that does not guarantee the U.S. Notes, except that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (there are four additional subsidiaries that guarantee the Euro Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 628.10 Td (e may not be able to repurchase the senior notes upon a change of control or pursuant to an asset sale of) Tj ET Q q 0 0 0 rg BT 488.34 628.10 Td (fer) Tj ET Q q 0 0 0 rg BT 499.45 628.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 610.10 Td (Upon a change of control, as defined in the indentures governing the senior notes, the holders of the notes will have the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (right to require us to of) Tj ET Q q 0 0 0 rg BT 141.80 598.10 Td (fer to purchase all of the notes then outstanding at a price equal to 101% of their principal amount plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (accrued and unpaid interest. Such a change of control would also be an event of default under our senior secured credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (facilities. In order to obtain suf) Tj ET Q q 0 0 0 rg BT 173.17 574.10 Td (ficient funds to pay amounts due under the senior secured credit facilities and the purchase price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (of the outstanding senior notes, we expect that we would have to refinance our indebtedness. ) Tj ET Q q 0 0 0 rg BT 422.82 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.46 562.10 Td (e cannot assure you that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (would be able to refinance our indebtedness on reasonable terms, if at all. Our failure to of) Tj ET Q q 0 0 0 rg BT 411.41 550.10 Td (fer to purchase all outstanding senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (notes or to purchase all validly tendered senior notes would be an event of default under the indenture. Such an event of default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (may cause the acceleration of our other debt. Our other debt also may contain restrictions on repayment requirements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (respect to specified events or transactions that constitute a change of control under the indenture.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 496.10 Td (The definition of change of control in the indentures governing the senior notes includes a phrase relating to the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (all or substantially all of our assets. ) Tj ET Q q 0 0 0 rg BT 202.06 484.10 Td (There is no precise established definition of the phrase substantially all under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (applicable law) Tj ET Q q 0 0 0 rg BT 106.88 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.33 472.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 160.66 472.10 Td (, the ability of a holder of senior notes to require us to repurchase its notes as a result of a sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (less than all our assets to another person may be uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 442.10 Td (In addition, in certain circumstances as specified in the indentures governing the senior notes, we will be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (commence an asset sale of) Tj ET Q q 0 0 0 rg BT 155.38 430.10 Td (fer) Tj ET Q q 0 0 0 rg BT 166.08 430.10 Td (, as defined in the indenture, pursuant to which we will be obligated to purchase certain senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (notes at a price equal to 100% of their principal amount plus accrued and unpaid interest with the proceeds we receive from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (certain asset sales. Our other debt may contain restrictions that would limit or prohibit us from completing any such asset sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 394.10 Td (fer) Tj ET Q q 0 0 0 rg BT 68.20 394.10 Td (. In particular) Tj ET Q q 0 0 0 rg BT 121.94 394.10 Td (, our senior secured credit facilities contain provisions that require us, upon the sale of certain assets, to apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (all of the proceeds from such asset sale to the prepayment of amounts due under the senior secured credit facilities. ) Tj ET Q q 0 0 0 rg BT 511.66 382.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (mandatory prepayment obligations under the senior secured credit facilities will be ef) Tj ET Q q 0 0 0 rg BT 391.15 370.10 Td (fectively senior to our obligations to make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (an asset sale of) Tj ET Q q 0 0 0 rg BT 109.57 358.10 Td (fer with respect to the senior notes under the terms of the indentures. Our failure to purchase any such senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (notes when required under the indenture would be an event of default under the indentures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 328.10 Td (Key terms of the senior notes will be suspended if the notes achieve investment grade ratings and no default or event of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (default has occurred and is continuing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 298.10 Td (Many of the covenants in the indentures governing the senior notes will be suspended if the notes are rated investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (grade by Standard& Poor) Tj ET Q q 0 0 0 rg BT 154.29 286.10 Td () Tj ET Q q 0 0 0 rg BT 157.07 286.10 Td (s and Moody) Tj ET Q q 0 0 0 rg BT 212.07 286.10 Td (s provided at such time no default or event of default has occurred and is continuing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (including those covenants that restrict, among other things, our ability to pay dividends, incur liens and to enter into certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (other transactions. ) Tj ET Q q 0 0 0 rg BT 125.13 262.10 Td (There can be no assurance that the senior notes will ever be rated investment grade. However) Tj ET Q q 0 0 0 rg BT 497.91 262.10 Td (, suspension of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (these covenants would allow us to engage in certain transactions that would not be permitted while these covenants were in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (force \(although provisions under our other debt, like the senior secured credit facilities, may continue to restrict us from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (engaging in these transactions\), and the ef) Tj ET Q q 0 0 0 rg BT 217.32 226.10 Td (fects of any such transactions will be permitted to remain in place even if the senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (notes are subsequently downgraded below investment grade.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (The liquidity and market value of the senior notes may change due to a variety of factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 178.10 Td (The liquidity of any trading market in the senior notes, and the market price quoted for the senior notes, may be adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 166.10 Td (fected by changes in the overall market for these types of securities, changes in interest rates, changes in our ratings, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (changes in our financial performance or prospects or in the prospects for companies in our industries generally) Tj ET Q q 0 0 0 rg BT 491.48 154.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 136.10 Td (e rely on an accounts receivable securitization program for a portion of our liquidity) Tj ET Q q 0 0 0 rg BT 404.23 136.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.14 118.10 Td (e have an arrangement whereby we sell an interest in a portion of our accounts receivable to a special purpose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (vehicle and receive funding through the commercial paper market.) Tj ET Q q 0 0 0 rg BT 318.09 106.10 Td (This arrangement expires in November 2019. In the event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (that the market for commercial paper were to close or otherwise become constrained, our cost of credit relative to this program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (could rise, or credit could be unavailable altogether) Tj ET Q q 0 0 0 rg BT 254.42 82.10 Td (.) 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 31.60 Td (24) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Our credit ratings may not reflect all risks associated with an investment in our senior notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 724.25 Td (Credit rating agencies rate our debt securities on factors that include our results of operations, actions that we take, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (their view of the general outlook for our industry and their view of the general outlook for the economy) Tj ET Q q 0 0 0 rg BT 463.17 712.25 Td (. ) Tj ET Q q 0 0 0 rg BT 467.99 712.25 Td (The rating agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (can upgrade or downgrade our current rating or place us on a watch list for possible future downgrading. Downgrading the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (credit rating of our debt securities or placing us on a watch list for possible future downgrading would likely increase our cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (of financing, limit our access to the capital markets and have an adverse ef) Tj ET Q q 0 0 0 rg BT 347.53 676.25 Td (fect on the market price of our securities, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (our senior notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (ITEM1B. ) Tj ET Q q 0 0 0 rg BT 122.00 634.25 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 169.43 634.25 Td (VED ST) Tj ET Q q 0 0 0 rg BT 204.53 634.25 Td (AFF) Tj ET Q q 0 0 0 rg BT 223.60 634.25 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (ITEM2. ) Tj ET Q q 0 0 0 rg BT 122.00 586.25 Td (PROPER) Tj ET Q q 0 0 0 rg BT 162.76 586.25 Td (TIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.25 Td (Our properties are described in Item1 of this ) Tj ET Q q 0 0 0 rg BT 267.89 568.25 Td (Annual Report on Form 10-K, and such description is incorporated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (reference into this Item2. Our properties are suf) Tj ET Q q 0 0 0 rg BT 242.80 556.25 Td (ficient to meet our present needs, and we do not anticipate any dif) Tj ET Q q 0 0 0 rg BT 506.14 556.25 Td (ficulty in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (securing additional space to conduct operations or additional of) Tj ET Q q 0 0 0 rg BT 303.63 544.25 Td (fice space, as needed, on terms acceptable to us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (ITEM3. ) Tj ET Q q 0 0 0 rg BT 122.00 514.25 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 156.46 514.25 Td ( PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.25 Td (The Of) Tj ET Q q 0 0 0 rg BT 114.42 496.25 Td (fice of the District ) Tj ET Q q 0 0 0 rg BT 189.39 496.25 Td (Attorney of Harris County) Tj ET Q q 0 0 0 rg BT 294.56 496.25 Td (, ) Tj ET Q q 0 0 0 rg BT 299.38 496.25 Td (T) Tj ET Q q 0 0 0 rg BT 304.79 496.25 Td (exas has been investigating a possible violation of the ) Tj ET Q q 0 0 0 rg BT 522.06 496.25 Td (T) Tj ET Q q 0 0 0 rg BT 527.47 496.25 Td (exas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 75.64 484.25 Td (W) Tj ET Q q 0 0 0 rg BT 84.28 484.25 Td (ater ) Tj ET Q q 0 0 0 rg BT 101.22 484.25 Td (Act in connection with alleged dischar) Tj ET Q q 0 0 0 rg BT 255.15 484.25 Td (ges of petroleum products at two of our facilities in ) Tj ET Q q 0 0 0 rg BT 462.70 484.25 Td (T) Tj ET Q q 0 0 0 rg BT 468.11 484.25 Td (exas. ) Tj ET Q q 0 0 0 rg BT 490.69 484.25 Td (The resolution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (this matter may involve a monetary payment to Harris County for the alleged violations at each location. ) Tj ET Q q 0 0 0 rg BT 470.81 472.25 Td (The amount of each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (payment individually and the amount of the payments in the aggregate \(if any\) are expected to have a de minimis ef) Tj ET Q q 0 0 0 rg BT 512.99 460.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (financial position, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td (In addition, we are from time to time subject to various claims and lawsuits incidental to our business. In the opinion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (of management, currently outstanding claims and suits will not, individually or in the aggregate, have a material adverse ef) Tj ET Q q 0 0 0 rg BT 541.61 418.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (on our financial position, results of operations or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (ITEM4. ) Tj ET Q q 0 0 0 rg BT 122.00 376.25 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 190.80 376.25 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (Not applicable.) 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 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 742.25 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (ITEM5. ) Tj ET Q q 0 0 0 rg BT 122.00 724.25 Td (MARKET) Tj ET Q q 0 0 0 rg BT 166.82 724.25 Td ( FOR REGISTRANT'S COMMON EQUITY) Tj ET Q q 0 0 0 rg BT 359.81 724.25 Td (, RELA) Tj ET Q q 0 0 0 rg BT 391.85 724.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 426.96 724.25 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 511.50 724.25 Td (TTERS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 712.25 Td (AND ISSUER PURCHASES OF) Tj ET Q q 0 0 0 rg BT 261.38 712.25 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 302.96 712.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.25 Td (Our common stock is traded on the NASDAQ Global Select Market \("NASDAQ"\) under the symbol "LKQ." ) Tj ET Q q 0 0 0 rg BT 527.82 694.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 682.25 Td (, there were 20 record holders of our common stock. ) Tj ET Q q 0 0 0 rg BT 340.56 682.25 Td (The following table sets forth, for the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (indicated, the range of the high and low sales prices of shares of our common stock on NASDAQ. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 640.75 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 640.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 640.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 610.75 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 610.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 610.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 580.75 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 580.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 580.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 550.75 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 550.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 550.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 520.75 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 520.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 520.75 40.00 -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 478.5 640.75 m 517.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 640.75 m 561.5 640.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.05 644.98 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.40 644.98 Td (Low) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 630.43 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 615.42 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 615.42 Td (35.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 615.42 Td (29.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 600.42 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 600.42 Td (36.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 600.42 Td (31.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 585.42 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 585.42 Td (34.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 585.42 Td (29.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 570.42 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 570.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 570.42 Td (32.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 570.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 570.42 Td (23.95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 555.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 540.42 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 540.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 540.42 Td (30.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 540.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 540.42 Td (27.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 525.42 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 525.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 525.42 Td (32.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 525.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 525.42 Td (26.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 510.42 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 510.42 Td (30.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 510.42 Td (24.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 495.42 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 495.42 Td (28.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 495.42 Td (22.90) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 473.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 473.25 Td (e have not paid any cash dividends on our common stock. ) Tj ET Q q 0 0 0 rg BT 328.29 473.25 Td (W) Tj ET Q q 0 0 0 rg BT 336.93 473.25 Td (e intend to continue to retain our earnings to finance our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (growth and for general corporate purposes. ) Tj ET Q q 0 0 0 rg BT 224.48 461.25 Td (W) Tj ET Q q 0 0 0 rg BT 233.12 461.25 Td (e do not anticipate paying any cash dividends on our common stock in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (foreseeable future. In addition, our senior secured credit agreement and our senior notes indentures contain, and future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (financing agreements may contain, limitations on payment of cash dividends or other distributions of assets. Based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (limitations in ef) Tj ET Q q 0 0 0 rg BT 113.14 425.25 Td (fect under our senior secured credit agreement and senior notes indentures, the maximum amount of dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (we could pay as of December 31, 2016 was approximately $1.0 billion.) Tj ET Q q 0 0 0 rg BT 340.30 413.25 Td (The limit on the payment of dividends is calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (using historical financial information and will change from period to period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 383.25 Td (The following graph compares the percentage change in the cumulative total returns on our common stock, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (Standard & Poor's 500 Stock Index \("S&P) Tj ET Q q 0 0 0 rg BT 219.40 371.25 Td ( 500 Index"\) and the following group of peer companies \(the "Peer Group"\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (Copart,Inc.; O'Reilly ) Tj ET Q q 0 0 0 rg BT 138.18 359.25 Td (Automotive,Inc.; Genuine Parts Company; and FastenalCo., for the period beginning on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.39 359.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 347.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.63 347.25 Td ( and ending on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.28 347.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.87 347.25 Td ( \(which was the last day of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.39 347.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.39 347.25 Td ( fiscal year\). In May 2016, S&P) Tj ET Q q 0 0 0 rg BT 482.77 347.25 Td ( Dow Jones added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (us to the S&P) Tj ET Q q 0 0 0 rg BT 104.92 335.25 Td ( 500 Index. ) Tj ET Q q 0 0 0 rg BT 152.13 335.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 201.47 335.25 Td (, pursuant to Securities and Exchange Commission rules, we were required to change the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (broad equity market index in our graph from the NASDAQ Stock Market \(U.S.\) Index, which we used last year) Tj ET Q q 0 0 0 rg BT 496.44 323.25 Td (, to the S&P) Tj ET Q q 0 0 0 rg BT 544.96 323.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (500 Index. ) Tj ET Q q 0 0 0 rg BT 95.09 311.25 Td (The stock price performance in the graph is not necessarily indicative of future stock price performance. ) Tj ET Q q 0 0 0 rg BT 514.46 311.25 Td (The graph ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (assumes that the value of an investment in each of the Company's common stock, the S&P) Tj ET Q q 0 0 0 rg BT 411.92 299.25 Td ( 500 Index and the Peer Group was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td ($100 on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 287.25 Td (December31, 201) Tj ET Q q 0 0 0 rg BT 158.21 287.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.21 287.25 Td ( and that all dividends, where applicable, were reinvested.) 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 31.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.40 742.25 Td (Comparison of Cumulative Return) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.70 730.25 Td (Among LKQ Corporation, the NASDAQ Stock Market \(U.S.\) Index and the Peer) Tj ET Q q 0 0 0 rg BT 463.62 730.25 Td ( Gr) Tj ET Q q 0 0 0 rg BT 478.15 730.25 Td (oup ) Tj ET Q /GS0 gs q 480.00 0 0 365.00 66.00 342.25 cm /I18 Do Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 323.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 323.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 323.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 323.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 323.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 323.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 323.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 293.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 293.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 293.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 293.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 293.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 293.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 293.75 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 265.5 323.75 m 311.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 323.75 m 361.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 323.75 m 411.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 323.75 m 461.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 323.75 m 511.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 323.75 m 561.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 323.75 m 311.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 323.75 m 361.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 323.75 m 411.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 323.75 m 461.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 323.75 m 511.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 323.75 m 561.5 323.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.95 327.98 Td (12/31/2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 327.98 Td (12/31/2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.75 327.98 Td (12/31/2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 327.98 Td (12/31/2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.75 327.98 Td (12/31/2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 327.98 Td (12/31/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 313.42 Td (LKQ Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 313.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 313.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 313.42 Td (219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 313.42 Td (187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 313.42 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 313.42 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 298.42 Td (S&P 500 Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 298.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 298.42 Td (113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 298.42 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 298.42 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 298.42 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 298.42 Td (178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 283.42 Td (Peer Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 283.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 283.42 Td (111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 283.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 283.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 283.42 Td (188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 283.42 Td (217) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 252.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 252.85 Td (This stock performance information is "furnished" and shall not be deemed to be "soliciting material" or subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.85 Td (Rule 14A, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 421.68 240.85 Td (Act of 1934 or otherwise subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.85 Td (to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the Securities ) Tj ET Q q 0 0 0 rg BT 513.46 228.85 Td (Act of 1933 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.85 Td (or the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 158.85 216.85 Td (Act of 1934, whether made before or after the date of this report and irrespective of any general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.85 Td (incorporation by reference language in any such filing, except to the extent that it specifically incorporates the information by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.85 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 174.85 Td (Information about our common stock that may be issued under our equity compensation plans as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.47 174.85 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 162.85 Td ( included in Part III, Item 12 of this ) Tj ET Q q 0 0 0 rg BT 213.86 162.85 Td (Annual Report on Form 10-K is incorporated herein by reference.) 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 31.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM6. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 233.97 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 250.17 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 256.10 742.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (The following selected consolidated financial data should be read together with "Management's Discussion and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Analysis of Financial Condition and Results of Operations" in Item7 of this ) Tj ET Q q 0 0 0 rg BT 356.55 712.25 Td (Annual Report on Form 10-K and our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (financial statements and related notes included in Item8 of this ) Tj ET Q q 0 0 0 rg BT 305.21 700.25 Td (Annual Report on Form10-K. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 644.75 161.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 644.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 644.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 644.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 644.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 644.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 644.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 644.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 644.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 644.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 616.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 616.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 616.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 616.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 616.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 616.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 586.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 586.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 586.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 586.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 586.75 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 526.75 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 526.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 526.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 526.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 526.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 526.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 526.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 526.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 526.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 526.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 486.75 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 486.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 486.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 486.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 486.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 486.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 486.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 486.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 486.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 486.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.75 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 446.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 446.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 446.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 446.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 446.75 67.00 -25.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 494.50 406.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 366.75 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 366.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 366.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 366.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 366.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 366.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 366.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 366.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 366.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 366.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 326.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 326.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 326.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 326.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 326.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 326.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 286.75 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 286.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 286.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 286.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 286.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 286.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 286.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 286.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 286.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 286.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 246.75 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 246.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 246.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 246.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 246.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 246.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 246.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 246.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 246.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 246.75 67.00 -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 210.5 670.75 m 277.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 670.75 m 281.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 670.75 m 348.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 670.75 m 352.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 670.75 m 419.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 670.75 m 423.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 670.75 m 490.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 670.75 m 494.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 670.75 m 561.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 670.75 m 277.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 657.75 m 277.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 670.75 m 281.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 657.75 m 281.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 670.75 m 348.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 657.75 m 348.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 670.75 m 352.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 657.75 m 352.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 670.75 m 419.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 657.75 m 419.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 670.75 m 423.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 657.75 m 423.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 670.75 m 490.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 657.75 m 490.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 670.75 m 494.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 657.75 m 494.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 670.75 m 561.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 657.75 m 561.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 657.75 m 277.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 657.75 m 281.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 657.75 m 348.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 657.75 m 352.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 657.75 m 419.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 657.75 m 423.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 657.75 m 490.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 657.75 m 494.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 601.75 m 277.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 601.75 m 281.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 601.75 m 348.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 601.75 m 423.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 601.75 m 490.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 601.75 m 494.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 601.75 m 277.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 586.75 m 277.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 601.75 m 281.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 586.75 m 281.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 601.75 m 348.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 586.75 m 348.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 601.75 m 352.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 586.75 m 352.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 601.75 m 419.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 586.75 m 419.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 586.75 m 423.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 586.75 m 490.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 586.75 m 494.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 601.75 m 561.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 586.75 m 561.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 586.75 m 277.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 586.75 m 281.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 586.75 m 348.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 526.75 m 277.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 526.75 m 281.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 526.75 m 348.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 526.75 m 352.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 526.75 m 419.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 526.75 m 423.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 526.75 m 490.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 526.75 m 494.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 526.75 m 561.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 526.75 m 277.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 526.75 m 281.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 526.75 m 348.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 526.75 m 352.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 526.75 m 419.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 461.75 m 277.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 461.75 m 281.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 461.75 m 348.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 461.75 m 352.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 461.75 m 419.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 461.75 m 423.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 461.75 m 490.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 461.75 m 494.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 461.75 m 561.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 421.75 m 277.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 407.75 m 277.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 405.75 m 277.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 421.75 m 281.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 407.75 m 281.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 405.75 m 281.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 421.75 m 348.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 407.75 m 348.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 405.75 m 348.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 421.75 m 352.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 407.75 m 352.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 405.75 m 352.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 421.75 m 419.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 407.75 m 419.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 405.75 m 419.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 421.75 m 423.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 407.75 m 423.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 405.75 m 423.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 421.75 m 490.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 407.75 m 490.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 405.75 m 490.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 421.75 m 494.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 407.75 m 494.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 405.75 m 494.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 421.75 m 561.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 407.75 m 561.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 405.75 m 561.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 341.75 m 277.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 327.75 m 277.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 325.75 m 277.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 341.75 m 281.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 327.75 m 281.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 325.75 m 281.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 341.75 m 348.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 327.75 m 348.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 325.75 m 348.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 341.75 m 352.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 327.75 m 352.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 325.75 m 352.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 341.75 m 419.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 327.75 m 419.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 325.75 m 419.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 341.75 m 423.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 327.75 m 423.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 325.75 m 423.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 341.75 m 490.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 327.75 m 490.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 325.75 m 490.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 341.75 m 494.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 327.75 m 494.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 325.75 m 494.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 341.75 m 561.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 327.75 m 561.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 325.75 m 561.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 261.75 m 277.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 261.75 m 277.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 247.75 m 277.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 245.75 m 277.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 261.75 m 281.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 247.75 m 281.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 245.75 m 281.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 261.75 m 348.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 247.75 m 348.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 245.75 m 348.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 261.75 m 352.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 247.75 m 352.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 245.75 m 352.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 261.75 m 419.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 247.75 m 419.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 245.75 m 419.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 261.75 m 423.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 247.75 m 423.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 245.75 m 423.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 261.75 m 490.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 247.75 m 490.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 245.75 m 490.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 261.75 m 494.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 247.75 m 494.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 245.75 m 494.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 261.75 m 561.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 247.75 m 561.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 245.75 m 561.5 245.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.20 674.98 Td (Year Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 662.00 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.50 661.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.50 661.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 661.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 661.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 661.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.80 648.98 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.80 648.98 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.80 648.98 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 648.98 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.80 648.98 Td (\(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 635.48 Td (Statements of Income Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 621.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 621.42 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 621.42 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 621.42 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 621.42 Td (5,062,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 621.42 Td (4,122,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 606.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 606.42 Td (5,232,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 606.42 Td (4,359,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 606.42 Td (4,088,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 606.42 Td (2,987,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 606.42 Td (2,398,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 591.42 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 591.42 Td (3,351,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 591.42 Td (2,833,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 591.42 Td (2,651,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 591.42 Td (2,075,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 591.42 Td (1,724,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 576.42 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 576.42 Td (763,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 576.42 Td (704,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 576.42 Td (649,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 576.42 Td (530,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 576.42 Td (437,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 561.42 Td (Other expense \(income\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 546.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 546.42 Td (88,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 546.42 Td (57,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 546.42 Td (64,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 546.42 Td (51,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 546.42 Td (31,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 531.42 Td (Other \(income\) expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.80 531.42 Td (\(2,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 531.47 Td (\(2,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 531.47 Td (\(2,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 531.42 Td (3,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 531.47 Td (\(2,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 516.42 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 506.42 Td (before provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 506.42 Td (677,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 506.42 Td (649,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 506.42 Td (587,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 506.42 Td (475,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 506.42 Td (409,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 491.42 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 491.42 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 491.42 Td (219,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 491.42 Td (204,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 491.42 Td (164,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 491.42 Td (147,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 476.42 Td (Equity in earnings \(loss\) of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 466.42 Td (unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 466.42 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 466.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 466.47 Td (\(6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 466.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 466.47 Td (\(2,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 466.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 466.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 466.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 451.42 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 451.42 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 451.42 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 451.42 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 451.42 Td (311,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 451.42 Td (261,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.42 Td (Income from discontinued operations,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 426.42 Td (net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 426.42 Td (7,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 411.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 411.42 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 411.42 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 411.42 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 411.42 Td (311,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 411.42 Td (261,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 396.42 Td (Basic earnings per share: ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 154.74 400.95 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 381.42 Td (Income from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 371.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 371.42 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 371.42 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 371.42 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 371.42 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 371.42 Td (0.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 356.42 Td (Income from discontinued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 346.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 346.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 346.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 346.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 346.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 346.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 331.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 331.42 Td (1.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 331.42 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 331.42 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 331.42 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 331.42 Td (0.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 316.42 Td (Diluted earnings per share: ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 162.52 320.95 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 301.42 Td (Income from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 291.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 291.42 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 291.42 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 291.42 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 291.42 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 291.42 Td (0.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 276.42 Td (Income from discontinued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 266.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 266.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 251.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 251.42 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 251.42 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 251.42 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 251.42 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 251.42 Td (0.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 236.42 Td (Weighted average shares outstanding-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 226.42 Td (basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 226.42 Td (306,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 226.42 Td (304,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 226.42 Td (302,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 226.42 Td (299,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 226.42 Td (295,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.42 Td (Weighted average shares outstanding-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 201.42 Td (diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 201.42 Td (309,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 201.42 Td (307,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 201.42 Td (306,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 201.42 Td (304,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 201.42 Td (300,693) 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 31.60 Td (28) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 707.50 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 707.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 627.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 587.50 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 587.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 587.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 587.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 587.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 587.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 587.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 587.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 587.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 587.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 558.50 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 558.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 558.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 558.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 558.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 558.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 558.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 558.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 558.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 558.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 528.50 161.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 528.50 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 528.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 528.50 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 528.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 528.50 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 528.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 528.50 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 528.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 528.50 67.00 -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 210.5 733.5 m 277.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 733.5 m 281.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 733.5 m 348.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 733.5 m 352.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 733.5 m 419.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 733.5 m 423.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 733.5 m 490.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 733.5 m 494.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 733.5 m 277.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 720.5 m 277.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 733.5 m 281.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 720.5 m 281.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 733.5 m 348.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 720.5 m 348.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 733.5 m 352.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 720.5 m 352.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 733.5 m 419.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 720.5 m 419.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 733.5 m 423.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 720.5 m 423.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 733.5 m 490.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 720.5 m 490.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 733.5 m 494.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 720.5 m 494.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 720.5 m 561.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 720.5 m 277.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 720.5 m 281.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 720.5 m 348.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 720.5 m 352.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 720.5 m 419.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 720.5 m 423.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 720.5 m 490.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 720.5 m 494.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 720.5 m 561.5 720.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.20 737.73 Td (Year Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 724.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.50 724.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.50 724.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 724.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 724.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 724.73 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.80 711.73 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.80 711.73 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.80 711.73 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 711.73 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.80 711.73 Td (\(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 697.18 Td (Other Financial Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 682.17 Td (Net cash provided by operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 672.17 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.60 676.70 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 672.17 Td (635,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 672.17 Td (544,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 672.17 Td (388,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 672.17 Td (446,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 672.17 Td (221,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 657.17 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.30 657.17 Td (\(1,709,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 657.22 Td (\(329,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 657.22 Td (\(920,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.80 657.22 Td (\(505,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 657.22 Td (\(352,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 642.17 Td (Net cash \(used in\) provided by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 632.17 Td (financing activities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 139.86 636.70 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 632.17 Td (1,225,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 632.22 Td (\(238,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 632.17 Td (501,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 632.17 Td (147,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 632.17 Td (141,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 617.17 Td (Capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 617.17 Td (207,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 617.17 Td (170,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 617.17 Td (140,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 617.17 Td (90,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 617.17 Td (88,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 602.17 Td (Cash paid for acquisitions, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 592.17 Td (acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 592.17 Td (1,349,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 592.17 Td (160,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 592.17 Td (775,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 592.17 Td (408,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 592.17 Td (265,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 577.17 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 577.17 Td (206,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 577.17 Td (128,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 577.17 Td (125,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 577.17 Td (86,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 577.17 Td (70,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 563.18 Td (Balance Sheet Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 548.17 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 548.17 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 548.17 Td (5,647,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 548.17 Td (5,475,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 548.17 Td (4,438,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 548.17 Td (3,664,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 533.17 Td (W) Tj ET Q q 0 0 0 rg BT 60.64 533.17 Td (orking capital ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 118.40 537.70 Td (\(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 533.17 Td (2,045,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 533.17 Td (1,588,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 533.17 Td (1,491,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 533.17 Td (1,062,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 533.17 Td (843,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 518.17 Td (Long-term obligations, including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 508.17 Td (current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 508.17 Td (3,341,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 508.17 Td (1,584,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 508.17 Td (1,846,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 508.17 Td (1,287,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 508.17 Td (1,111,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 493.17 Td (Stockholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 493.17 Td (3,442,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 493.17 Td (3,114,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 493.17 Td (2,720,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 493.17 Td (2,350,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 493.17 Td (1,964,094) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 471.00 Td (Includes the results of operations of: \(i\) Rhiag, from its acquisition ef) Tj ET Q q 0 0 0 rg BT 362.98 471.00 Td (fective March 18, 2016; \(ii\) PGW) Tj ET Q q 0 0 0 rg BT 497.58 471.00 Td (, from its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 459.00 Td (acquisition ef) Tj ET Q q 0 0 0 rg BT 139.97 459.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 169.12 459.00 Td (April 21, 2016; and \(iii\) 13 other businesses from their respective acquisition dates in 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 441.00 Td (Includes the results of operations of 18 businesses from their respective acquisition dates in 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 423.00 Td (Includes the results of operations of Keystone Specialty from its acquisition ef) Tj ET Q q 0 0 0 rg BT 399.35 423.00 Td (fective January 3, 2014 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.09 423.00 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.09 423.00 Td ( other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 411.00 Td (businesses from their respective acquisition dates in 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 393.00 Td (Includes the results of operations of Sator from its acquisition ef) Tj ET Q q 0 0 0 rg BT 342.98 393.00 Td (fective May 1, 2013 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.95 393.00 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 393.00 Td ( other businesses from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 381.00 Td (their respective acquisition dates in 2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.00 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 86.00 363.00 Td (Includes the results of operations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.52 363.00 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.52 363.00 Td ( businesses from their respective acquisition dates in 2012. Our 2012 results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 351.00 Td (include gains totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.59 351.00 Td ($17.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.49 351.00 Td (, which are included in Cost of goods sold, resulting from lawsuit settlements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 339.00 Td (certain of our aftermarket product suppliers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.00 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 86.00 321.00 Td (The sum of the individual earnings per share amounts may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.00 Td (\(7\) Prior year balances have been updated to reflect the adjustments resulting from the retrospective adoption of ) Tj ET Q q 0 0 0 rg BT 522.07 303.00 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 291.00 Td (2016-09 during 2016 as described in Recent ) Tj ET Q q 0 0 0 rg BT 264.57 291.00 Td (Accounting Pronouncements within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.94 291.00 Td (Note 4, "Summary of Significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 279.00 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.82 279.00 Td (" in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 269.50 279.00 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 393.20 279.00 Td (The adjustments to prior year amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 267.00 Td (are reflected in the table below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 74.00 216.50 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 216.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 216.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 216.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 216.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 216.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 216.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 216.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 74.00 186.50 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 186.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 186.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 186.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 186.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 186.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 186.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 186.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 74.00 156.50 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 156.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 156.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 156.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 156.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 156.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 156.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 156.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 74.00 126.50 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 126.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 126.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 126.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 126.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 126.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 126.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 126.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 74.00 96.50 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 96.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 96.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 96.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 96.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 96.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 96.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 96.50 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 293 237.5 m 351 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 237.5 m 355 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 237.5 m 413 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 237.5 m 417 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 237.5 m 475 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 237.5 m 479 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 237.5 m 537 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 216.5 m 351 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 216.5 m 413 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 216.5 m 475 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 216.5 m 537 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 216.5 m 351 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 216.5 m 413 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 216.5 m 475 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 216.5 m 537 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 171.5 m 351 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 157.5 m 351 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 155.5 m 351 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 171.5 m 413 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 157.5 m 413 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 155.5 m 413 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 171.5 m 475 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 157.5 m 475 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 155.5 m 475 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 171.5 m 537 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 157.5 m 537 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 155.5 m 537 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 96.5 m 351 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 96.5 m 413 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 96.5 m 475 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 96.5 m 537 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 96.5 m 351 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 82.5 m 351 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 80.5 m 351 80.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 96.5 m 413 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 82.5 m 413 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 80.5 m 413 80.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 96.5 m 475 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 82.5 m 475 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 80.5 m 475 80.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 96.5 m 537 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 82.5 m 537 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 80.5 m 537 80.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.20 241.73 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.50 220.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.50 220.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 220.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 220.73 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 206.18 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 191.17 Td (Prior to adoption of ASU 2016-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 191.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 191.17 Td (529,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 191.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 191.17 Td (370,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 191.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 191.17 Td (428,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 191.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 191.17 Td (206,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 176.17 Td (Adjustment - adoption of ASU 2016-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 176.17 Td (14,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 176.17 Td (17,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 176.17 Td (18,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 176.17 Td (15,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 161.17 Td (As adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 161.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 161.17 Td (544,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 161.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 161.17 Td (388,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 161.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 161.17 Td (446,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 161.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 161.17 Td (221,927) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 131.18 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 116.17 Td (Prior to adoption of ASU 2016-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 116.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 116.22 Td (\(224,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 116.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 116.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 116.17 Td (519,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 116.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 116.17 Td (165,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 116.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 116.17 Td (157,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 101.17 Td (Adjustment - adoption of ASU 2016-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 101.22 Td (\(14,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 101.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.30 101.22 Td (\(17,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 101.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 101.22 Td (\(18,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 101.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 101.22 Td (\(15,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 101.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 86.17 Td (As adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 86.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 86.22 Td (\(238,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 86.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 86.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 86.17 Td (501,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 86.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 86.17 Td (147,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 86.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 86.17 Td (141,335) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.00 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 86.00 64.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 64.00 Td (orking capital amounts exclude assets and liabilities of discontinued operations.) 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 31.60 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM7. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (MANAGEMENT'S DISCUSSION ) Tj ET Q q 0 0 0 rg BT 271.47 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 295.09 742.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 322.50 742.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 360.75 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 419.37 742.25 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 482.72 742.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 539.31 742.25 Td (TS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 730.25 Td (OF) Tj ET Q q 0 0 0 rg BT 135.52 730.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 172.27 730.25 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 694.25 Td (e are a global distributor of vehicle products, including replacement parts, components and systems used in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (repair and maintenance of vehicles, specialty vehicle products and accessories, and automotive glass products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.25 Td (Buyers of vehicle replacement products have the option to purchase from primarily five sources: new products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (produced by original equipment manufacturers \("OEMs"\); new products produced by companies other than the OEMs, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (are sometimes referred to as aftermarket products; recycled products obtained from salvage vehicles; used products that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (been refurbished; and used products that have been remanufactured. ) Tj ET Q q 0 0 0 rg BT 324.71 628.25 Td (W) Tj ET Q q 0 0 0 rg BT 333.34 628.25 Td (e distribute a variety of products to collision and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. Collectively) Tj ET Q q 0 0 0 rg BT 508.11 604.25 Td (, we refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (these products as alternative parts because they are not new OEM products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 574.25 Td (e are the nation) Tj ET Q q 0 0 0 rg BT 158.77 574.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 175.53 574.25 Td (gest provider of alternative vehicle collision replacement products and a leading provider of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (alternative vehicle mechanical replacement products, with our sales, processing, and distribution facilities reaching most major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (markets in the United States and Canada. ) Tj ET Q q 0 0 0 rg BT 217.00 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 225.63 550.25 Td (e are also a leading provider of alternative vehicle replacement and maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (products in the United Kingdom, the Benelux region \(Belgium, Netherlands, and Luxembour) Tj ET Q q 0 0 0 rg BT 422.52 538.25 Td (g\), Italy) Tj ET Q q 0 0 0 rg BT 453.53 538.25 Td (, Czech Republic and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Switzerland. In addition to our wholesale operations, we operate self service retail facilities across the U.S. that sell recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (automotive products from end-of-life-vehicles. ) Tj ET Q q 0 0 0 rg BT 240.03 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 248.67 514.25 Td (e are also a leading distributor of specialty vehicle aftermarket equipment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (accessories reaching most major markets in the U.S and Canada. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.25 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 484.25 Td (April 21, 2016, we expanded our product of) Tj ET Q q 0 0 0 rg BT 275.78 484.25 Td (ferings to include aftermarket automotive glass products through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (acquisition of PGW) Tj ET Q q 0 0 0 rg BT 128.52 472.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.33 472.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.37 472.25 Td (ith our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 249.78 472.25 Td (, we are a leading global distributor of automotive glass products reaching ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (most major markets in North ) Tj ET Q q 0 0 0 rg BT 167.49 460.25 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 439.45 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 439.45 Td (e are or) Tj ET Q q 0 0 0 rg BT 124.43 439.45 Td (ganized into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.08 439.45 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.63 439.45 Td ( operating segments: ) Tj ET Q q 0 0 0 rg BT 276.71 439.45 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 354.19 439.45 Td (America; Europe; Specialty; Glass and Self ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.45 Td (Service. ) Tj ET Q q 0 0 0 rg BT 84.80 427.45 Td (W) Tj ET Q q 0 0 0 rg BT 93.44 427.45 Td (e aggregate our ) Tj ET Q q 0 0 0 rg BT 157.39 427.45 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 232.37 427.45 Td (America, Glass and Self Service operating segments into one reportable segment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.45 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 415.45 Td (America, resulting in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.48 415.45 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.46 415.45 Td ( reportable segments: North ) Tj ET Q q 0 0 0 rg BT 295.77 415.45 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 420.07 415.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 397.45 Td (Our revenue, cost of goods sold, and operating results have fluctuated on a quarterly and annual basis in the past and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.45 Td (can be expected to continue to fluctuate in the future as a result of a number of factors, some of which are beyond our control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.45 Td (Factors that may af) Tj ET Q q 0 0 0 rg BT 126.74 373.45 Td (fect our operating results include, but are not limited to, those listed in the Special Note on Forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.45 Td (Looking Statements in Part I, Item1 and Risk Factors in Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 337.74 361.45 Td ( of this ) Tj ET Q q 0 0 0 rg BT 367.47 361.45 Td (Annual Report on Form 10-K. Due to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.45 Td (factors and others, which may be unknown to us at this time, our operating results in future periods can be expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.45 Td (fluctuate. ) Tj ET Q q 0 0 0 rg BT 89.43 337.45 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 138.76 337.45 Td (, our historical results of operations may not be indicative of future performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.45 Td (Acquisitions and Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 293.45 Td (Since our inception in 1998, we have pursued a growth strategy through both or) Tj ET Q q 0 0 0 rg BT 405.19 293.45 Td (ganic growth and acquisitions. ) Tj ET Q q 0 0 0 rg BT 529.71 293.45 Td (W) Tj ET Q q 0 0 0 rg BT 538.35 293.45 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.45 Td (have pursued acquisitions that we believe will help drive profitability) Tj ET Q q 0 0 0 rg BT 326.78 281.45 Td (, cash flow and stockholder value. ) Tj ET Q q 0 0 0 rg BT 465.44 281.45 Td (W) Tj ET Q q 0 0 0 rg BT 474.08 281.45 Td (e tar) Tj ET Q q 0 0 0 rg BT 491.39 281.45 Td (get companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.45 Td (that are market leaders, will expand our geographic presence and enhance our ability to provide a wide array of automotive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.45 Td (products to our customers through our distribution network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 239.45 Td (On March 18, 2016, LKQ acquiredRhiag, a distributor of aftermarket spare parts for passenger cars and commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.45 Td (vehicles in Italy) Tj ET Q q 0 0 0 rg BT 113.22 227.45 Td (, Czech Republic, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 273.91 227.45 Td (, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain. ) Tj ET Q q 0 0 0 rg BT 511.46 227.45 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.45 Td (acquisition expanded LKQ's geographic presence in continental Europe, and we believe the acquisition will generate potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td (purchasing syner) Tj ET Q q 0 0 0 rg BT 117.86 203.45 Td (gies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 185.45 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 185.45 Td (April 21, 2016, LKQ acquired PGW) Tj ET Q q 0 0 0 rg BT 245.06 185.45 Td (, a leading global distributor and manufacturer of automotive glass products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.45 Td (PGW) Tj ET Q q 0 0 0 rg BT 75.00 173.45 Td (s business comprises wholesale and retail distribution services, automotive glass manufacturing, and retailer alliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.45 Td (partnerships. ) Tj ET Q q 0 0 0 rg BT 103.70 161.45 Td (W) Tj ET Q q 0 0 0 rg BT 112.33 161.45 Td (e have signed an agreement to divest the automotive glass manufacturing component of PGW) Tj ET Q q 0 0 0 rg BT 486.59 161.45 Td (, which we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.45 Td (to close in the first quarter of 2017. Unless otherwise noted, the discussion related to PGW) Tj ET Q q 0 0 0 rg BT 412.80 149.45 Td ( throughout Part II, Item 7 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.45 Td (annual report on Form 10-K refers to the aftermarket glass distribution operations of PGW) Tj ET Q q 0 0 0 rg BT 411.49 137.45 Td (, which are included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.45 Td (continuing operations. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.87 125.45 Td (Note 3, "Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.59 125.45 Td (" in Item 8 of this annual report on Form 10-K for further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.45 Td (information related to our discontinued operations. ) Tj ET Q q 0 0 0 rg BT 255.60 113.45 Td (The acquisition of PGW's aftermarket glass distribution business expanded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.45 Td (our addressable market in North ) Tj ET Q q 0 0 0 rg BT 180.80 101.45 Td (America. ) Tj ET Q q 0 0 0 rg BT 219.67 101.45 Td (Additionally) Tj ET Q q 0 0 0 rg BT 269.57 101.45 Td (, we believe the acquisition will create potential distribution syner) Tj ET Q q 0 0 0 rg BT 533.20 101.45 Td (gies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.45 Td (with our existing network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 71.45 Td (In addition to our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 283.94 71.45 Td (, we acquired eight wholesale businesses in Europe, and five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.45 Td (wholesale businesses in North ) Tj ET Q q 0 0 0 rg BT 172.76 59.45 Td (America during the year ended December31, 2016.) 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 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (On December 1, 2016, we acquired a 26.5% equity interest in Mekonomen ) Tj ET Q q 0 0 0 rg BT 387.86 742.10 Td (AB \("Mekonomen"\), the leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (independent car parts and service chain in the Nordic region of Europe, of) Tj ET Q q 0 0 0 rg BT 346.09 730.10 Td (fering a wide range of quality products including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (spare parts and accessories for cars, and workshop services for consumers and businesses. ) Tj ET Q q 0 0 0 rg BT 412.21 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.84 718.10 Td (e are accounting for our interest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Mekonomen using the equity method of accounting, as our investment gives us the ability to exercise significant influence, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (not control, over the investee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (During the year ended December 31, 2015, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.53 676.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.53 676.10 Td ( acquisitions, including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.07 676.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.07 676.10 Td ( wholesale businessesin North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (America and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.86 664.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.86 664.10 Td (wholesale businesses in Europe, a self service retail operation, and a specialty vehicle aftermarket business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Our wholesale business acquisitions in North ) Tj ET Q q 0 0 0 rg BT 232.76 652.10 Td (America included PartsChannel, Inc. \(Parts Channel\), an aftermarket collision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (parts distributor) Tj ET Q q 0 0 0 rg BT 113.05 640.10 Td (. ) Tj ET Q q 0 0 0 rg BT 117.87 640.10 Td (The specialty aftermarket business acquired was ) Tj ET Q q 0 0 0 rg BT 313.73 640.10 Td (The Coast Distribution System, Inc. \(Coast\), a supplier of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (replacement parts, supplies and accessories for the recreational vehicle \("R) Tj ET Q q 0 0 0 rg BT 348.71 628.10 Td (V"\) and outdoor recreation markets. Our European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (acquisitions included) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.21 616.10 Td (1) Tj ET Q q 0 0 0 rg BT 141.84 616.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.84 616.10 Td ( aftermarket parts distribution businesses in the Netherlands,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 616.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 616.10 Td (of which were former customers of and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (distributors for our Netherlands subsidiary) Tj ET Q q 0 0 0 rg BT 219.32 604.10 Td (, Sator) Tj ET Q q 0 0 0 rg BT 245.03 604.10 Td (, and were acquired with the objective of expanding our distribution network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (in the Netherlands. Our other acquisitions completed in 2015 enabled us to expand our geographic presence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (On January3, 2014, we completed our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 377.50 574.10 Td (. Keystone Specialty is a leading distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (and marketer of specialty vehicle aftermarket equipment and accessories in North ) Tj ET Q q 0 0 0 rg BT 378.48 562.10 Td (America serving the following six product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (segments: truck and of) Tj ET Q q 0 0 0 rg BT 140.63 550.10 Td (f-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and miscellaneous accessories. Our acquisition of Keystone Specialty allowed us to enter into new product lines and increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (the size of our addressable market. In addition, the acquisition created logistics and administrative cost syner) Tj ET Q q 0 0 0 rg BT 484.97 526.10 Td (gies and cross-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (selling opportunities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td (In addition to our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 292.25 496.10 Td (, we made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.57 496.10 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.57 496.10 Td ( acquisitions during 2014, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.23 496.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.23 496.10 Td ( wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (businesses in North ) Tj ET Q q 0 0 0 rg BT 130.28 484.10 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.70 484.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.70 484.10 Td ( wholesale businesses in Europe, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.56 484.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.56 484.10 Td ( self service retail operations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.45 484.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.45 484.10 Td ( specialty vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (aftermarket businesses. Our European acquisitions included 7 aftermarket parts distribution businesses in the Netherlands, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.54 472.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.54 472.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (which were customers of and distributors for our Netherlands subsidiary) Tj ET Q q 0 0 0 rg BT 339.00 460.10 Td (, Sator) Tj ET Q q 0 0 0 rg BT 364.56 460.10 Td (. Our acquisitions in the Netherlands enabled us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (to transform the existing distribution model to better align with that of our U.K. operations. ) Tj ET Q q 0 0 0 rg BT 417.53 448.10 Td (This realignment has allowed us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (sell directly to the end repair shop customer instead of through a local wholesale distributor) Tj ET Q q 0 0 0 rg BT 415.61 436.10 Td (, and to improve mar) Tj ET Q q 0 0 0 rg BT 499.02 436.10 Td (gins, customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (service, and fulfillment rates, and positioned us well to introduce additional product categories in the long term. Our other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (acquisitions completed during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.75 412.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.33 412.10 Td ( December31, 2014 enabled us to expand into new product lines and enter new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (markets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 70.38 374.10 Td (ces of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 356.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 356.10 Td (e report our revenue in two categories: \(i\)parts and services and \(ii\)other) Tj ET Q q 0 0 0 rg BT 388.69 356.10 Td (. Our parts revenue is generated from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (sale of vehicle products and related services including \(i\)aftermarket, other new and refurbished products and \(ii\)recycled, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (remanufactured and related products and services. Our service revenue is generated primarily from the sale of extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (warranties, fees for admission to our self service yards, and processing fees related to the secure disposal of vehicles. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 308.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 308.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 308.10 Td (, parts and services revenue represented approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.24 308.10 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.57 308.10 Td ( of our consolidated revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.10 Td (The majority of our parts and services revenue is generated from the sale of vehicle replacement products to collision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (and mechanical repair shops. In North ) Tj ET Q q 0 0 0 rg BT 204.67 278.10 Td (America, our vehicle replacement products include sheet metal crash parts such as doors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (hoods, and fenders; bumper covers; head and tail lamps; automotive glass products such as windshields; mirrors and grills; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (wheels; and lar) Tj ET Q q 0 0 0 rg BT 110.35 254.10 Td (ge mechanical items such as engines and transmissions.In Europe, our products include a wide variety of small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (mechanical products such as filters, belts and hoses, sparkplugs, alternators and water pumps, batteries, suspension and brake ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (parts, clutches, and oil andlubricants.) Tj ET Q q 0 0 0 rg BT 203.39 230.10 Td (The demand for these products is influenced by several factors, including the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (vehicles in operation, the number of miles being driven, the frequency and severity of vehicle accidents, the age profile of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (vehicles in accidents, seasonal weather patterns and local weather conditions, and the availability and pricing of new OEM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (parts. ) Tj ET Q q 0 0 0 rg BT 74.26 194.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.30 194.10 Td (ith respect to collision related products, automobile insurers exert significant influence over collision repair shops as to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (how an insured vehicle is repaired and the cost level of the products used in the repair process. ) Tj ET Q q 0 0 0 rg BT 430.16 182.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 479.49 182.10 Td (, we consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (automobile insurers to be key demand drivers of our vehicle replacement products. ) Tj ET Q q 0 0 0 rg BT 383.88 170.10 Td (While they are not our direct customers, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (do provide insurance carriers services in an ef) Tj ET Q q 0 0 0 rg BT 233.35 158.10 Td (fort to promote the increased usage of alternative replacement products in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (repair process. Such services include the review of vehicle repair order estimates, direct quotation services to insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (company adjusters and an aftermarket parts quality and service assurance program. ) Tj ET Q q 0 0 0 rg BT 384.69 134.10 Td (W) Tj ET Q q 0 0 0 rg BT 393.33 134.10 Td (e neither char) Tj ET Q q 0 0 0 rg BT 447.55 134.10 Td (ge a fee to the insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (carriers for these services nor adjust our pricing of products for our customers when we perform these services for insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (carriers. ) Tj ET Q q 0 0 0 rg BT 84.79 110.10 Td (There is no standard price for many of our vehicle replacement products, but rather a pricing structure that varies from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (day to day based upon such factors as new OEM product prices, product availability) Tj ET Q q 0 0 0 rg BT 386.48 98.10 Td (, quality) Tj ET Q q 0 0 0 rg BT 418.60 98.10 Td (, demand, the age and mileage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (the vehicle from which the part was obtained \(in the case of recycled products\), competitor pricing and our product cost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 68.10 Td (Our revenue from aftermarket, other new and refurbished products also includes revenue generated from the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (specialty aftermarket vehicle equipment and accessories. ) Tj ET Q q 0 0 0 rg BT 279.44 56.10 Td (These products are primarily sold to a lar) Tj ET Q q 0 0 0 rg BT 443.93 56.10 Td (ge customer base of specialty ) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (vehicle retailers and equipment installers, including mostly independent, single-site operators. Specialty vehicle aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (products are typically installed on vehicles within the first year of ownership to enhance functionality) Tj ET Q q 0 0 0 rg BT 455.34 730.10 Td (, performance or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (aesthetics. ) Tj ET Q q 0 0 0 rg BT 93.32 718.10 Td (As a result, the demand for these products is influenced by new and used vehicle sales and the overall economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (health of vehicle owners, which may be af) Tj ET Q q 0 0 0 rg BT 219.20 706.10 Td (fected by general business conditions, interest rates, inflation, consumer debt levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and other matters that influence consumer confidence and spending. ) Tj ET Q q 0 0 0 rg BT 324.72 694.10 Td (The prices for our specialty vehicle products are based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (manufacturers' suggested retail prices, with discounts applied based on prevailing market conditions, customer volumes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (promotions that we may of) Tj ET Q q 0 0 0 rg BT 157.58 670.10 Td (fer from time to time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.11 652.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.69 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.19 652.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.78 652.10 Td (, revenue from other sources represented approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.24 652.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.57 652.10 Td ( of our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 74.26 640.10 Td (These other sources include scrap sales, bulk sales to mechanical manufacturers \(including cores\) and sales of aluminum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (ingots and sows from our furnace operations. ) Tj ET Q q 0 0 0 rg BT 233.11 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 241.75 628.10 Td (e derive scrap metal from several sources, including vehicles that have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (used in both our wholesale and self service recycling operations and from OEMs and other entities that contract with us for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (secure disposal of "crush only" vehicles. Other revenue will vary from period to period based on fluctuations in commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (prices and the volume of materials sold.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (Cost of Goods Sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 548.10 Td (Our cost of goods sold for aftermarket products includes the price we pay for the parts, freight, and overhead costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td (related to the purchasing, warehousing and distribution of our inventory) Tj ET Q q 0 0 0 rg BT 337.06 536.10 Td (, including labor) Tj ET Q q 0 0 0 rg BT 402.48 536.10 Td (, facility and equipment costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (depreciation. Our aftermarket products are acquired from a number of vendors. Our cost of goods sold for refurbished products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (includes the price we pay for cores, freight, and costs to refurbish the parts, including direct and indirect labor) Tj ET Q q 0 0 0 rg BT 489.17 512.10 Td (, facility and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (equipment costs, depreciation and other overhead related to our refurbishing operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 482.10 Td (Our cost of goods sold for recycled products includes the price we pay for the salvage vehicle and, where applicable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (auction, towing and storage fees. Prices for salvage vehicles may be impacted by a variety of factors, including the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (buyers competing to purchase the vehicles, the demand and pricing trends for used vehicles, the number of vehicles designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (as total losses by insurance companies, the production level of new vehicles \(which provides the source from which salvage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (vehicles ultimately come\), the age of vehicles at auction and the status of laws regulating bidders or exporters of salvage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (vehicles. From time to time, we may also adjust our buying strategy to tar) Tj ET Q q 0 0 0 rg BT 345.04 422.10 Td (get vehicles with dif) Tj ET Q q 0 0 0 rg BT 426.23 422.10 Td (ferent attributes \(for example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (age, level of damage, and revenue potential\). Due to changes relating to these factors, we have seen the prices we pay for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (salvage vehicles fluctuate over time. Our cost of goods sold also includes labor and other costs we incur to acquire and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (dismantle such vehicles. Our labor and labor) Tj ET Q q 0 0 0 rg BT 228.36 386.10 Td (-related costs related to acquisition and dismantling generally account for between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (9% and 13% of our cost of goods sold for vehicles we dismantle. ) Tj ET Q q 0 0 0 rg BT 312.54 374.10 Td (The acquisition and dismantling of salvage vehicles is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (manual process and, as a result, ener) Tj ET Q q 0 0 0 rg BT 195.87 362.10 Td (gy costs are not material. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 344.10 Td (Our cost of goods sold for remanufactured products includes the price we pay for cores; freight; and costs to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (remanufacture the products, including direct and indirect labor) Tj ET Q q 0 0 0 rg BT 300.06 332.10 Td (, facility and equipment costs, depreciation and other overhead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (related to our remanufacturing operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 302.10 Td (Some of our salvage mechanical products are sold with a standard six-month warranty against defects. ) Tj ET Q q 0 0 0 rg BT 497.54 302.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 547.45 302.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (some of our remanufactured engines are sold with a standard three-year warranty against defects. ) Tj ET Q q 0 0 0 rg BT 441.04 290.10 Td (W) Tj ET Q q 0 0 0 rg BT 449.68 290.10 Td (e also provide a limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (lifetime warranty for certain of our aftermarket products that is supported by certain of the suppliers of those products. ) Tj ET Q q 0 0 0 rg BT 526.33 278.10 Td (W) Tj ET Q q 0 0 0 rg BT 534.97 278.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (record the estimated warranty costs at the time of sale using historical warranty claims information to project future warranty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (claims activity and related expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 236.10 Td (Other revenue is primarily generated from the hulks and unusable parts of the vehicles we acquire for our wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (and self service recycled product operations, and therefore, the costs of these sales include the proportionate share of the price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (we pay for the salvage vehicles as well as the applicable auction, storage and towing fees and internal costs to purchase and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (dismantle the vehicles. Our cost of goods sold for other revenue will fluctuate based on the prices paid for salvage vehicles, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (which may be impacted by a variety of factors as discussed above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 144.10 Td (Our facility and warehouse expenses primarily include our costs to operate our aftermarket warehouses, salvage yards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (and self service retail facilities. ) Tj ET Q q 0 0 0 rg BT 176.98 132.10 Td (These costs include personnel expenses such as wages, incentive compensation and employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (benefits for plant management and facility and warehouse personnel, as well as rent for our facilities and related utilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (property taxes, repairs and maintenance. ) Tj ET Q q 0 0 0 rg BT 213.92 108.10 Td (The costs included in facility and warehouse expenses do not relate to inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (processing or conversion activities and, as such, are classified below the gross mar) Tj ET Q q 0 0 0 rg BT 380.28 96.10 Td (gin line on our Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (Income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 66.10 Td (Our distribution expenses primarily include our costs to prepare and deliver our products to our customers. Included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (our distribution expense category are personnel costs such as wages, employee benefits and incentive compensation for drivers; ) 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 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (third party freight costs; fuel; and expenses related to our delivery and transfer trucks, including vehicle leases, repairs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (maintenance, and insurance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (Our selling and marketing expenses primarily include salary) Tj ET Q q 0 0 0 rg BT 326.67 712.10 Td (, commission and other incentive compensation expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (for sales personnel; advertising, promotion and marketing costs; credit card fees; telephone and other communication expenses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (and bad debt expense. Personnel costs generally account for between 75% and 80% of our selling and marketing expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Most of our sales personnel are paid on a commission basis. ) Tj ET Q q 0 0 0 rg BT 292.55 676.10 Td (The number and quality of our sales force is critical to our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (to respond to our customers) Tj ET Q q 0 0 0 rg BT 163.68 664.10 Td ( needs and increase our sales volume. Our objective is to continually evaluate our sales force, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (develop and implement training programs, and utilize appropriate measurements to assess our selling ef) Tj ET Q q 0 0 0 rg BT 464.70 652.10 Td (fectiveness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (Our general and administrative expenses primarily include the costs of our corporate of) Tj ET Q q 0 0 0 rg BT 435.15 634.10 Td (fices and field support center) Tj ET Q q 0 0 0 rg BT 550.81 634.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (which provide management, treasury) Tj ET Q q 0 0 0 rg BT 197.63 622.10 Td (, accounting, legal, payroll, business development, human resources and information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (systems functions. General and administrative expenses include wages, benefits, stock-based compensation and other incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (compensation for corporate, regional and administrative personnel; information systems support and maintenance expenses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and accounting, legal and other professional fees. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (Seasonality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 542.10 Td (Our operating results are subject to quarterly variations based on a variety of factors, influenced primarily by seasonal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (changes in weather patterns. During the winter months, we tend to have higher demand for our vehicle replacement products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (because there are more weather related repairs. Our specialty vehicle operations typically generate greater revenue and earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (in the first half of the year) Tj ET Q q 0 0 0 rg BT 154.00 506.10 Td (, when vehicle owners tend to install this equipment. ) Tj ET Q q 0 0 0 rg BT 366.84 506.10 Td (W) Tj ET Q q 0 0 0 rg BT 375.47 506.10 Td (e expect our aftermarket glass operations to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (generate greater revenue and earnings in the second and third quarters, when the demand for glass replacements increases after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (the winter weather) Tj ET Q q 0 0 0 rg BT 123.86 482.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 456.10 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 438.10 Td (The discussion and analysis of our financial condition and results of operations are based upon our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (financial statements, which have been prepared in accordance with accounting principles generally accepted in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (States of ) Tj ET Q q 0 0 0 rg BT 86.67 414.10 Td (America. ) Tj ET Q q 0 0 0 rg BT 125.91 414.10 Td (The preparation of these financial statements requires us to make estimates, assumptions and judgments that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 402.10 Td (fect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (liabilities. On an ongoing basis, we evaluate our estimates, assumptions, and judgments, including those related to revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (recognition, inventory valuation, business combinations and goodwill impairment. ) Tj ET Q q 0 0 0 rg BT 382.27 378.10 Td (W) Tj ET Q q 0 0 0 rg BT 390.90 378.10 Td (e base our estimates on historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (experience and on various other assumptions that we believe are reasonable under the circumstances. ) Tj ET Q q 0 0 0 rg BT 456.61 366.10 Td (The results of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (estimates form the basis for our judgments about the carrying values of assets and liabilities and our recognition of revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 138.41 342.10 Td (fer from these estimates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 303.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 303.10 Td (e recognize and report revenue from the sale of vehicle products when they are shipped to or picked up by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (customers and title has transferred, subject to an allowance for estimated returns, discounts and allowances that management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (estimates based upon historical information. In instances where a product is returned by a customer) Tj ET Q q 0 0 0 rg BT 446.98 279.10 Td (, the product would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (ordinarily be returned within a few days of shipment. Our customers may earn discounts based upon sales volumes or sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (volumes coupled with prompt payment. ) Tj ET Q q 0 0 0 rg BT 211.09 255.10 Td (Allowances are normally given within a few days following product shipment. ) Tj ET Q q 0 0 0 rg BT 528.06 255.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.69 255.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (analyze historical returns and allowances activity by comparing the items to the original invoice amounts and dates. ) Tj ET Q q 0 0 0 rg BT 515.23 243.10 Td (W) Tj ET Q q 0 0 0 rg BT 523.87 243.10 Td (e use this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (information to project future returns and allowances on products sold. If actual returns and allowances are higher than our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (historical experience, there would be an adverse impact on our operating results in the period of occurrence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 201.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 201.10 Td (e recognize revenue from the sale of scrap metal, other metals, and cores when title has transferred, which typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (occurs upon delivery to the customer) Tj ET Q q 0 0 0 rg BT 197.46 189.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 92.13 168.10 Td (Accounting) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 150.10 Td (Salvage and Remanufactur) Tj ET Q q 0 0 0 rg BT 193.94 150.10 Td (ed Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.19 150.10 Td (. Our salvage inventory cost is established based upon the price we pay for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (vehicle, including auction, towing and storage fees, as well as expenditures for buying and dismantling vehicles. Inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (carrying value is determined using the average cost to sales percentage at each of our facilities and applying that percentage to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (the facility's inventory at expected selling prices, the assessment of which incorporates the sales probability based on a part's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (days in stock and historical demand. ) Tj ET Q q 0 0 0 rg BT 197.84 102.10 Td (The average cost to sales percentage is derived from each facility's historical profitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (for salvage vehicles. Remanufactured inventory cost is based upon the price paid for cores, and also includes expenses incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (for freight, direct manufacturing costs and overhead related to our remanufacturing operations.) 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 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (For all inventory) Tj ET Q q 0 0 0 rg BT 152.56 742.10 Td (, carrying value is recorded at the lower of cost or market and is reduced to reflect current anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (demand. If actual demand dif) Tj ET Q q 0 0 0 rg BT 167.27 730.10 Td (fers from our estimates, additional reductions to inventory carrying value would be necessary in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the period such determination is made.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 679.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 679.10 Td (e record our acquisitions using the acquisition method of accounting, under which the acquisition purchase price is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (allocated to the assets acquired and liabilities assumed based upon their respective fair values. ) Tj ET Q q 0 0 0 rg BT 428.30 667.10 Td (W) Tj ET Q q 0 0 0 rg BT 436.94 667.10 Td (e utilize management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (estimates and, in some instances, independent third-party valuation firms to assist in determining the fair values of assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (acquired, liabilities assumed and contingent consideration granted. Such estimates and valuations require us to make significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (assumptions, including projections of future events and operating performance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Goodwill Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 592.10 Td (e are required to test our goodwill for impairment at least annually) Tj ET Q q 0 0 0 rg BT 359.74 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.55 592.10 Td (When testing goodwill for impairment, we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (required to evaluate events and circumstances that may af) Tj ET Q q 0 0 0 rg BT 280.83 580.10 Td (fect the performance of the reporting unit and the extent to which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (events and circumstances may impact the future cash flows of the reporting unit to determine whether the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (assets exceed the carrying value. If these assumptions or estimates change in the future, we may be required to record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 544.10 Td (ges for these assets. In response to changes in industry and market conditions, we may be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (strategically realign our resources and consider restructuring, disposing of, or otherwise exiting businesses, which could result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (in an impairment of goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 502.10 Td (e perform goodwill impairment tests annually in the fourth quarter and between annual tests whenever events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (indicate that an impairment may exist. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.62 490.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.62 490.10 Td (, we did not identify any events or changes in circumstances that would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (more likely than not reduce the fair value of our reporting units below their carrying amounts. ) Tj ET Q q 0 0 0 rg BT 427.76 478.10 Td (Therefore, we did not perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (any impairment tests other than our annual test in the fourth quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.53 466.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.53 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.98 466.10 Td (As of the date of our annual goodwill impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (test, we were or) Tj ET Q q 0 0 0 rg BT 113.13 454.10 Td (ganized into five operating segments: ) Tj ET Q q 0 0 0 rg BT 265.40 454.10 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 341.21 454.10 Td (America; Europe; Specialty; Glass; and Self Service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Our Glass operating segment was composed of two reporting units, the aftermarket business and the glass manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (business; however) Tj ET Q q 0 0 0 rg BT 123.20 430.10 Td (, goodwill was recorded only in the aftermarket reporting unit. ) Tj ET Q q 0 0 0 rg BT 375.17 430.10 Td (The other four operating segments were single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (reporting units for purposes of goodwill testing in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.65 418.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.65 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 400.10 Td (Our goodwill would be considered impaired if the net book value of a reporting unit exceeded its estimated fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (The fair value estimates are established using weightings of the results of a discounted cash flow methodology and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (comparative market multiples approach. ) Tj ET Q q 0 0 0 rg BT 213.37 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.01 376.10 Td (e believe that using two methods to determine fair value limits the chances of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (unrepresentative valuation. ) Tj ET Q q 0 0 0 rg BT 160.24 364.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.68 364.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.27 364.10 Td (, we had a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.41 364.10 Td ($3.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.52 364.10 Td ( in goodwill subject to future impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (tests. ) Tj ET Q q 0 0 0 rg BT 72.60 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.24 352.10 Td (e determined that no adjustments were necessary when we performed our annual impairment testing in the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.65 340.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.65 340.10 Td ( on all five reporting units. ) Tj ET Q q 0 0 0 rg BT 220.61 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 229.25 340.10 Td (e noted that the proximity of the PGW) Tj ET Q q 0 0 0 rg BT 382.65 340.10 Td ( acquisition to the goodwill testing date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (resulted in a fair value estimate for the Glass aftermarket reporting unit which exceeded the carrying value by less than 10%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (This result aligns with our expectations as there has not been a significant change in the value of the business since the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (acquisition date while we continue to execute our integration plans. No other reporting unit had a fair value estimate which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (exceeded the carrying value by less than 25%. If we were required to recognize goodwill impairments, we would report those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (impairment losses as part of our operating results. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.89 254.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 180.65 254.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 236.10 Td (See Recent ) Tj ET Q q 0 0 0 rg BT 137.09 236.10 Td (Accounting Pronouncements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.12 236.10 Td (Note 4, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 404.18 236.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 236.10 Td (" to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (consolidated financial statements in Part II, Item8 of this ) Tj ET Q q 0 0 0 rg BT 281.33 224.10 Td (Annual Report on Form 10-K for information related to new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (accounting standards.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (Financial Information by Geographic ) Tj ET Q q 0 0 0 rg BT 212.23 186.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 223.71 186.10 Td (ea) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 168.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 168.10 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 168.10 Td (" to the consolidated financial statements in Part II, Item8 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (Annual Report on Form 10-K for information related to our revenue and long-lived assets by geographic region.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Results of OperationsConsolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (In the "Results of Operations - Consolidated" and "Results of Operations - Segment Reporting" sections below) Tj ET Q q 0 0 0 rg BT 528.55 724.25 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (discuss the impact of PGW) Tj ET Q q 0 0 0 rg BT 158.69 712.25 Td ( on our consolidated and segment results for the year ended December 31, 2016. Unless otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (noted, the discussion related to PGW) Tj ET Q q 0 0 0 rg BT 198.13 700.25 Td ( refers only to the aftermarket glass distribution operations of PGW) Tj ET Q q 0 0 0 rg BT 467.14 700.25 Td (, which are included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (within continuing operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.25 Td (The following table sets forth statements of income data as a percentage of total revenue for the periods indicated:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 633.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 633.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 633.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 633.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 633.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 633.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 603.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 573.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 543.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 543.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 543.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 543.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 513.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 513.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 513.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 513.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 513.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 513.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 483.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 483.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 483.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 483.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 483.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 483.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 453.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 423.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 423.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 423.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 423.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 423.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 423.75 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 358.5 646.75 m 423.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 646.75 m 427.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 646.75 m 492.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 646.75 m 496.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 646.75 m 561.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 633.75 m 423.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 646.75 m 492.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 633.75 m 492.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 633.75 m 561.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 633.75 m 423.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 633.75 m 492.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 633.75 m 561.5 633.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 650.98 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 638.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 637.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 637.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 637.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 624.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 623.42 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 623.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 623.42 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 623.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 623.42 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 623.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 609.32 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 608.42 Td (61.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 608.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 608.42 Td (60.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 608.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 608.42 Td (60.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 608.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 594.32 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 593.42 Td (39.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 593.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 593.42 Td (39.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 593.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 593.42 Td (39.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 593.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 579.32 Td (Facility and warehouse expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 578.42 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 578.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 578.42 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 578.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 578.42 Td (7.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 578.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 564.32 Td (Distribution expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 563.42 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 563.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 563.42 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 563.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 563.42 Td (8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 563.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 549.32 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 548.42 Td (11.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 548.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 548.42 Td (11.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 548.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 548.42 Td (11.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 548.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 534.32 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 533.42 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 533.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 533.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 533.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 533.42 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 533.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 519.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 518.42 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 518.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 518.42 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 518.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 518.42 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 518.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 504.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 503.42 Td (8.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 503.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 503.42 Td (9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 503.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 503.42 Td (9.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 503.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 489.32 Td (Other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 488.42 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 488.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 488.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 488.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 488.42 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 488.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 474.32 Td (Income from continuing operations before provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 473.42 Td (7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 473.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 473.42 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 473.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 473.42 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 473.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 459.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 458.42 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 458.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 458.42 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 458.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 458.42 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 458.42 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.00 444.66 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 443.42 Td (\(0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 443.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 443.42 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 443.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 443.42 Td (\(0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 443.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 429.32 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 428.42 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 428.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 428.42 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 428.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 428.42 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 428.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 414.32 Td (Income from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 413.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 413.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 413.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 413.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.00 413.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 413.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 399.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 398.42 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 398.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 398.42 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 398.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 398.42 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 398.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 368.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 368.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 368.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 368.25 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 368.25 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 368.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 368.25 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 368.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 350.25 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.36 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.68 350.25 Td (The following table summarizes the changes in revenue by category \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 299.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 299.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 299.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 299.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 299.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 299.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 299.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 299.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 299.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 299.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 299.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 299.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 269.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 269.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 269.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 269.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 269.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 269.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 269.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 269.75 54.00 -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 187 320.75 m 241 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 320.75 m 245 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 320.75 m 299 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 320.75 m 357 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 320.75 m 416 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 320.75 m 420 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 320.75 m 474 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 320.75 m 478 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 320.75 m 532 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 299.75 m 241 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 299.75 m 299 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 320.75 m 357 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 299.75 m 357 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 320.75 m 362 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 299.75 m 416 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 299.75 m 474 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 299.75 m 532 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 299.75 m 241 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 299.75 m 299 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 299.75 m 357 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 299.75 m 416 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 299.75 m 474 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 299.75 m 532 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 269.75 m 241 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 269.75 m 299 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 269.75 m 241 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 255.75 m 241 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 253.75 m 241 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 269.75 m 299 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 255.75 m 299 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 253.75 m 299 253.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.20 324.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 324.98 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.50 303.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.50 303.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.50 303.98 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.90 303.98 Td (Acquisition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.20 311.98 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 303.98 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.60 303.98 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 289.42 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 289.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.10 289.42 Td (8,144,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 289.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 289.42 Td (6,713,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 289.42 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 289.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 289.42 Td (19.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 289.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 289.42 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 289.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.25 289.42 Td (21.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 289.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 274.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 274.42 Td (439,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 274.42 Td (478,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.95 274.42 Td (\(11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 274.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 274.42 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 274.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 274.42 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 274.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.95 274.42 Td (\(8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 274.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 259.42 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 259.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.10 259.42 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 259.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 259.42 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 259.42 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 259.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 259.42 Td (18.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 259.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 259.42 Td (\(2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 259.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.25 259.42 Td (19.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 259.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 244.00 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 222.25 Td (The change in parts and services revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.70 222.25 Td (21.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.53 222.25 Td ( represents increases in segment revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.29 222.25 Td (9.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.12 222.25 Td ( in North ) Tj ET Q q 0 0 0 rg BT 524.18 222.25 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (46.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 210.25 Td ( in Europe and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.92 210.25 Td (13.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.75 210.25 Td ( in Specialty) Tj ET Q q 0 0 0 rg BT 212.09 210.25 Td (. ) Tj ET Q q 0 0 0 rg BT 216.91 210.25 Td (The decrease in other revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.18 210.25 Td (8.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.01 210.25 Td ( primarily consisted of a $53.4 million or) Tj ET Q q 0 0 0 rg BT 535.24 210.25 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (decline partially of) Tj ET Q q 0 0 0 rg BT 125.34 198.25 Td (fset by $15.0 million of acquisition related growth. Refer to the discussion of our segment results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (operations for factors contributing to revenue change during 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 421.26 186.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 168.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 168.25 Td (Cost of Goods Sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.51 168.25 Td (. Our cost of goods sold increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.09 168.25 Td (61.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.92 168.25 Td ( of revenue in 2016 from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.12 168.25 Td (60.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.95 168.25 Td ( of revenue in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.25 Td (The increase in cost of goods sold reflects a negative ef) Tj ET Q q 0 0 0 rg BT 271.40 156.25 Td (fect of 0.6% from our Rhiag acquisition, which has lower gross mar) Tj ET Q q 0 0 0 rg BT 543.10 156.25 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.25 Td (than our prior year consolidated gross mar) Tj ET Q q 0 0 0 rg BT 219.21 144.25 Td (gin. In addition, our cost of goods sold increased 0.2% as a result of mix, as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.25 Td (generated a greater proportion of our revenue in our Specialty operations, which has lower gross mar) Tj ET Q q 0 0 0 rg BT 453.57 132.25 Td (gins than our prior year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.25 Td (consolidated gross mar) Tj ET Q q 0 0 0 rg BT 142.02 120.25 Td (gin. ) Tj ET Q q 0 0 0 rg BT 159.62 120.25 Td (These negative impacts were partially of) Tj ET Q q 0 0 0 rg BT 321.87 120.25 Td (fset by lower cost of goods sold as a percentage of revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (of 0.5% primarily related to our self service and wholesale operations in our North ) Tj ET Q q 0 0 0 rg BT 382.40 108.25 Td (America segment. Refer to the discussion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (our segment results of operations for factors contributing to the changes in cost of goods sold as a percentage of revenue by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.25 Td (segment for the year endedDecember 31, 2016compared to the prior year) Tj ET Q q 0 0 0 rg BT 347.38 84.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 66.25 Td (Facility and W) Tj ET Q q 0 0 0 rg BT 144.51 66.25 Td (ar) Tj ET Q q 0 0 0 rg BT 153.03 66.25 Td (ehouse Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.51 66.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.96 66.25 Td (As a percentage of revenue, facility and warehouse expenses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.28 66.25 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.86 66.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.25 Td (December31, 2016 increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.62 54.25 Td (8.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.45 54.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.88 54.25 Td (7.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.71 54.25 Td ( in the prior year) Tj ET Q q 0 0 0 rg BT 313.80 54.25 Td (. ) Tj ET Q q 0 0 0 rg BT 318.62 54.25 Td (The change in facility and warehouse expense reflects \(i\) a ) 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 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (0.3% increase as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 268.52 742.10 Td (America operations related to a realignment of plant manager ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (responsibilities, which shifted these expenses from selling, general and administrative expenses to facility and warehouse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (expenses and \(ii\) a 0.2% increase as a percentage of revenue in our Europe operations for branch openings and the addition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (facility costs for the partly operational ) Tj ET Q q 0 0 0 rg BT 205.32 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 210.73 706.10 Td (amworth, England distribution center) Tj ET Q q 0 0 0 rg BT 359.59 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.41 706.10 Td (These negative impacts were partially of) Tj ET Q q 0 0 0 rg BT 526.66 706.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (decrease of 0.3% from our acquisition of Rhiag, which has lower facility and warehouse expenses as a percentage of revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (than our prior year consolidated facility and warehouse expenses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (Distribution Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.05 664.10 Td (As a percentage of revenue, distribution expenses decreased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.28 664.10 Td (8.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.11 664.10 Td ( in 2016 from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.33 664.10 Td (8.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.16 664.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.82 652.10 Td (The decrease in distribution expense reflects a positive impact of 0.4% from our Rhiag acquisition, which has lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (distribution expenses as a percentage of revenue than our prior year consolidated distribution expenses. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (Selling, General and ) Tj ET Q q 0 0 0 rg BT 171.36 622.10 Td (Administrative Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.45 622.10 Td ( Our selling, general and administrative \("SG&A"\) expenses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 610.10 Td ( December31, 2016 remained flat compared to the prior year at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.98 610.10 Td (1) Tj ET Q q 0 0 0 rg BT 355.61 610.10 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.44 610.10 Td ( of revenue. SG&A) Tj ET Q q 0 0 0 rg BT 453.64 610.10 Td ( increased 0.2% as a result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of our Rhiag acquisition, which has higher SG&A) Tj ET Q q 0 0 0 rg BT 249.98 598.10 Td ( than our prior year consolidated SG&A. Of) Tj ET Q q 0 0 0 rg BT 425.86 598.10 Td (fsetting this increase was a 0.2% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (favorable impact from our Specialty operations as a result of a decline in personnel costs from the realization of integration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (syner) Tj ET Q q 0 0 0 rg BT 71.48 574.10 Td (gies, a decrease in bad debt expense and other individually insignificant decreases across various SG&A) Tj ET Q q 0 0 0 rg BT 488.85 574.10 Td ( categories. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 562.10 Td (ithin our North ) Tj ET Q q 0 0 0 rg BT 120.98 562.10 Td (America segment, SG&A) Tj ET Q q 0 0 0 rg BT 223.46 562.10 Td ( personnel expenses were flat as a percentage of revenue, as the decrease in expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (as a percentage of revenue related to the realignment of plant manager responsibilities discussed above was of) Tj ET Q q 0 0 0 rg BT 490.21 550.10 Td (fset by increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (in other personnel expenses as a percentage of revenue.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (Restructuring and ) Tj ET Q q 0 0 0 rg BT 160.81 520.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.12 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.93 520.10 Td (The following table summarizes restructuring and acquisition related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (expenses for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 115.50 461.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 461.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 461.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 461.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 461.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 461.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.50 431.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 431.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 431.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 431.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 431.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 431.60 54.00 -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 331.5 476.6 m 385.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 476.6 m 404.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 476.6 m 458.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 461.6 m 385.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 461.6 m 458.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 461.6 m 531.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 461.6 m 458.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 431.6 m 458.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 431.6 m 385.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 417.6 m 385.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 415.6 m 385.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 431.6 m 458.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 417.6 m 458.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 415.6 m 458.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 431.6 m 531.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 417.6 m 531.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 415.6 m 531.5 415.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.20 480.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 465.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 465.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 465.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 451.27 Td (Restructuring expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 451.27 Td (15,782) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.00 456.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 451.27 Td (13,083) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 461.00 456.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 451.27 Td (2,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 436.27 Td (Acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 436.27 Td (21,980) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.00 441.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 436.27 Td (6,428) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 461.00 441.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 436.27 Td (15,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 421.27 Td (Total restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 421.27 Td (37,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 421.27 Td (19,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 421.27 Td (18,251) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 399.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 399.10 Td (Restructuring expenses of $10.4 million, $3.1 million, $2.3 million for the year ended December 31, 2016 related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 387.10 Td (the integration of acquired businesses in our Specialty) Tj ET Q q 0 0 0 rg BT 301.68 387.10 Td (, North ) Tj ET Q q 0 0 0 rg BT 331.96 387.10 Td (America and Europe segments, respectively) Tj ET Q q 0 0 0 rg BT 507.08 387.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 375.10 Td (Restructuring expenses of $10.5 million, $2.0 million, and $0.6 million for the year ended December 31, 2015 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 363.10 Td (primarily related to the integration of acquired businesses in our Specialty) Tj ET Q q 0 0 0 rg BT 381.38 363.10 Td (, North ) Tj ET Q q 0 0 0 rg BT 411.65 363.10 Td (America, and Europe segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 351.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 133.66 351.10 Td (. ) Tj ET Q q 0 0 0 rg BT 138.48 351.10 Td (These integration activities included the closure of duplicate facilities and termination of employees in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 339.10 Td (connection with the integration of our acquisitions into our existing business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 321.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 321.10 Td (Acquisition related expenses for the year ended December 31, 2016 reflect $10.9 million and $4.1 million related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 309.10 Td (the acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 226.45 309.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 279.11 309.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.93 309.10 Td (The remaining $7.0 million of expense was related to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 297.10 Td (completed and potential acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 279.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 279.10 Td (Acquisition related expenses for the year ended December 31, 2015 included $1.6 million for our acquisitions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 267.10 Td (eleven aftermarket parts distribution businesses in the Netherlands, $0.2 million for other European acquisitions, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 255.10 Td ($1.0 million related to our North ) Tj ET Q q 0 0 0 rg BT 218.48 255.10 Td (America and Specialty acquisitions during the year) Tj ET Q q 0 0 0 rg BT 422.31 255.10 Td (. ) Tj ET Q q 0 0 0 rg BT 426.76 255.10 Td (Acquisition related expenses also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 243.10 Td (included $3.6 million for acquisitions that were pending as of December 31, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 225.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 225.10 Td (Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 212.28 225.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 225.10 Td (" to the consolidated financial statements in Part II, Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (8 of this ) Tj ET Q q 0 0 0 rg BT 84.73 213.10 Td (Annual Report on Form 10-K for further information on our restructuring and integration plans. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 195.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 106.18 195.10 Td (eciation and ) Tj ET Q q 0 0 0 rg BT 158.21 195.10 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.44 195.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.76 195.10 Td (The following table summarizes depreciation and amortization for the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (indicated \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 150.00 136.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 136.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 136.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 136.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 136.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 136.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 136.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.00 106.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 106.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 106.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 106.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 106.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 106.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 106.60 17.00 -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 302 151.60000000000002 m 356 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 151.60000000000002 m 364 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 151.60000000000002 m 418 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 136.60000000000002 m 356 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 136.60000000000002 m 418 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 136.60000000000002 m 480 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 136.60000000000002 m 356 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 106.60000000000002 m 356 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 92.60000000000002 m 356 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 90.60000000000002 m 356 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 106.60000000000002 m 418 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 92.60000000000002 m 418 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 90.60000000000002 m 418 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 106.60000000000002 m 480 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 92.60000000000002 m 480 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 90.60000000000002 m 480 90.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.20 155.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 140.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 140.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 140.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 126.27 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 126.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 126.27 Td (107,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 126.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 126.27 Td (88,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 126.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 126.27 Td (19,610) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 482.50 131.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 111.27 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 111.27 Td (83,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 111.27 Td (33,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 111.27 Td (49,703) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 482.50 116.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 96.27 Td (Total depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 96.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 96.27 Td (191,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 96.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 96.27 Td (122,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 96.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 96.27 Td (69,313) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 74.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.10 Td (The increase in depreciation expense primarily reflects the depreciation expense for property and equipment related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 62.10 Td (our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 228.30 62.10 Td ( of $14.0 million and $1.8 million, respectively) Tj ET Q q 0 0 0 rg BT 416.51 62.10 Td (. ) Tj ET Q q 0 0 0 rg BT 421.33 62.10 Td (The remaining change primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 50.10 Td (reflects increased levels of property and equipment to support our or) Tj ET Q q 0 0 0 rg BT 359.62 50.10 Td (ganic related growth.) 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 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The increase in amortization expense primarily reflects amortization expense for intangible assets related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 212.47 730.10 Td ( of $42.7 million and $8.4 million, respectively) Tj ET Q q 0 0 0 rg BT 400.68 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 405.50 730.10 Td (These increases are partially of) Tj ET Q q 0 0 0 rg BT 529.70 730.10 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (a decline in accelerated amortization for intangibles recognized in previous years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.50 700.10 Td (Other Expense, Net.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.03 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.35 700.10 Td (The following table summarizes the components of the year) Tj ET Q q 0 0 0 rg BT 411.08 700.10 Td (-over) Tj ET Q q 0 0 0 rg BT 431.98 700.10 Td (-year increase in other expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (net \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 671.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 671.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 671.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 641.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 641.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 641.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 611.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 611.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 611.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 581.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 581.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 581.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 551.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 551.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 551.60 17.00 -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 427.5 566.6 m 472.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 566.6 m 472.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 551.6 m 472.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 551.6 m 472.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 537.6 m 472.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 535.6 m 472.5 535.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 661.27 Td (Other expense, net for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 661.27 Td (55,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 646.27 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 631.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 631.27 Td (30,403) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 636.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 616.27 Td (Loss on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 616.27 Td (26,650) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 621.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 601.27 Td (Gains on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.80 601.32 Td (\(18,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 601.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 606.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 586.27 Td (Gain on bargain purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 586.32 Td (\(8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 586.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 591.43 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 571.27 Td (Interest and other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 571.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 556.27 Td (Net increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 556.27 Td (30,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 541.27 Td (Other expense, net for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 541.27 Td (86,117) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 519.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 519.10 Td (Additional interest primarily relates to borrowings used to fund the acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 482.23 519.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 501.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 501.10 Td (During the first quarter of 2016, we incurred a $23.8 million loss on debt extinguishment as a result of our early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 489.10 Td (payment of Rhiag debt assumed as part of the acquisition, and we incurred a $2.9 million loss on debt extinguishment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 477.10 Td (as a result of our January 2016 amendment to our senior secured credit agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 459.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 459.10 Td (In March 2016, we entered into foreign currency forward contracts to acquire a total of 588 million used to fund the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 447.10 Td (purchase price of the Rhiag acquisition. ) Tj ET Q q 0 0 0 rg BT 247.16 447.10 Td (The rates under the foreign currency forwards were favorable to the spot rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 435.10 Td (on the date the funds were drawn to complete the acquisition, and as result, these derivatives contracts generated a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 423.10 Td (gain of $18.3 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 405.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 405.10 Td (In October 2016, we acquired ) Tj ET Q q 0 0 0 rg BT 207.07 405.10 Td (Andrew Page Limited \("Andrew Page"\) out of receivership. ) Tj ET Q q 0 0 0 rg BT 449.14 405.10 Td (The fair value of the net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 393.10 Td (assets acquired exceeded the purchase price, resulting in a gain on bar) Tj ET Q q 0 0 0 rg BT 365.70 393.10 Td (gain purchase of $8.2 million.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 375.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.63 375.10 Td (ovision for Income T) Tj ET Q q 0 0 0 rg BT 177.76 375.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.53 375.10 Td (. Our ef) Tj ET Q q 0 0 0 rg BT 226.17 375.10 Td (fective income tax rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.06 375.10 Td (32.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.89 375.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.26 375.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.85 375.10 Td ( December31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (compared to 33.9% for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.41 363.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.99 363.10 Td ( December31, 2015. ) Tj ET Q q 0 0 0 rg BT 288.90 363.10 Td (The lower ef) Tj ET Q q 0 0 0 rg BT 339.80 363.10 Td (fective income tax rate reflects an $1) Tj ET Q q 0 0 0 rg BT 487.13 363.10 Td (1.4 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (discrete item in 2016 for excess tax benefits from stock-based payments related to the early adoption of ) Tj ET Q q 0 0 0 rg BT 465.70 351.10 Td (ASU 2016-09 as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.09 339.10 Td (Note 4, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 235.16 339.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.98 339.10 Td (" to the consolidated financial statements in Part II, Item 8 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 327.10 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 190.09 327.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 272.86 327.10 Td (ASU reduced the ef) Tj ET Q q 0 0 0 rg BT 351.82 327.10 Td (fective tax rate by 1.6% compared to the prior year) Tj ET Q q 0 0 0 rg BT 555.06 327.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (Partially of) Tj ET Q q 0 0 0 rg BT 94.53 315.10 Td (fsetting this, our ef) Tj ET Q q 0 0 0 rg BT 169.89 315.10 Td (fective tax rate was negatively impacted by an increase in the proportion of earnings generated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (the U.S., which has a higher tax rate than our foreign operations, as well as an increase in nondeductible acquisition related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (costs, primarily related to our Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 235.89 291.10 Td ( acquisitions as well as other potential acquisitions. Excluding the impact of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (discrete items, our annual ef) Tj ET Q q 0 0 0 rg BT 162.83 279.10 Td (fective tax rate has been close to 35% over the last three years. ) Tj ET Q q 0 0 0 rg BT 415.87 279.10 Td (The tax rate will fluctuate from year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (to year based on the geographic mix of earnings and changes in tax laws, but absent significant movements in either of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (factors, we expect our annual ef) Tj ET Q q 0 0 0 rg BT 177.53 255.10 Td (fective rate to hold near 35%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 237.10 Td (Equity in Earnings \(Loss\) of Unconsolidated Subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.61 237.10 Td ( During the year ended December 31, 2015, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 225.10 Td (ges of $2.0 million related to our equity method investments; no tax benefit was recognized related to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 213.10 Td (ges. Our share of net operating losses in our equity method investments totaled $4.1 million for the year ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (31, 2015. ) Tj ET Q q 0 0 0 rg BT 89.82 201.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.86 201.10 Td (ith our divestiture of ) Tj ET Q q 0 0 0 rg BT 182.73 201.10 Td (ACM Parts in February 2016, our share of net operating losses in our equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (investments was nominal for the year ended December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 311.96 189.10 Td (W) Tj ET Q q 0 0 0 rg BT 320.60 189.10 Td (e are reporting our equity in earnings of our investment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (Mekonomen on a one quarter lag and therefore, no amounts were recorded for this investment during 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 159.10 Td (For) Tj ET Q q 0 0 0 rg BT 100.63 159.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 139.43 159.10 Td (ency Impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.51 159.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.83 159.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.47 159.10 Td (e translate our statements of income at the average exchange rates in ef) Tj ET Q q 0 0 0 rg BT 485.60 159.10 Td (fect for the period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (Relative to the average rates used in 2015, the pound sterling and Canadian dollar rates used to translate the 2016 statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (income declined by 1) Tj ET Q q 0 0 0 rg BT 135.43 135.10 Td (1.3% and 3.5%, respectively; the Euro remained flat relative to the U.S dollar during 2016. ) Tj ET Q q 0 0 0 rg BT 501.82 135.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (translation ef) Tj ET Q q 0 0 0 rg BT 102.30 123.10 Td (fect of the decline in the pound sterling and Canadian dollar against the U.S. dollar and realized and unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (currency losses during 2016 resulted in an approximately $0.05 negative ef) Tj ET Q q 0 0 0 rg BT 350.57 111.10 Td (fect on diluted earnings per share for continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (operations relative to the prior year) Tj ET Q q 0 0 0 rg BT 190.22 99.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 81.10 Td (Income fr) Tj ET Q q 0 0 0 rg BT 124.23 81.10 Td (om Discontinued Operations, net of tax.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.99 81.10 Td (Income from discontinued operations, net of tax totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.64 81.10 Td ($7.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.54 81.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (in 2016; we had no discontinued operations in the prior year) Tj ET Q q 0 0 0 rg BT 290.50 69.10 Td (. Discontinued operations for 2016 represents the glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (manufacturing business of PGW) Tj ET Q q 0 0 0 rg BT 179.34 57.10 Td (, which was acquired in ) Tj ET Q q 0 0 0 rg BT 275.98 57.10 Td (April 2016. ) Tj ET Q q 0 0 0 rg BT 324.40 57.10 Td (The results include a $19.8 million, net of tax, impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 45.10 Td (ge primarily related to property) Tj ET Q q 0 0 0 rg BT 191.88 45.10 Td (, plant and equipment that was triggered when the assets were classified as held for sale.) 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 31.60 Td (37) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 742.25 Td (ear Ended December31, 2015 Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 742.25 Td (ear Ended December31, 2014 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.36 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.68 724.25 Td (The following table summarizes the changes in revenue by category \(amounts in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 673.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 673.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 643.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 643.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 643.75 54.00 -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 204.5 694.75 m 258.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 694.75 m 262.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 694.75 m 316.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 694.75 m 374.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 694.75 m 434.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 694.75 m 438.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.75 m 492.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.75 m 496.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 694.75 m 550.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 673.75 m 258.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 673.75 m 316.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 694.75 m 374.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 673.75 m 374.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 694.75 m 380.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 673.75 m 434.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 673.75 m 492.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 673.75 m 550.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 673.75 m 258.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 673.75 m 316.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 673.75 m 374.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 673.75 m 434.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 673.75 m 492.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 673.75 m 550.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 643.75 m 258.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 643.75 m 316.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 643.75 m 258.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 629.75 m 258.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 627.75 m 258.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 643.75 m 316.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 629.75 m 316.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 627.75 m 316.5 627.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.70 698.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.05 698.98 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.00 677.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.00 677.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 677.98 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.40 677.98 Td (Acquisition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.70 685.98 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 677.98 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.10 677.98 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 663.42 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.60 663.42 Td (6,713,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.60 663.42 Td (6,086,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.75 663.42 Td (7.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 663.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 663.42 Td (7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 663.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 663.42 Td (\(3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 663.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 663.42 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 663.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 648.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 648.42 Td (478,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 648.42 Td (653,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.45 648.42 Td (\(28.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.30 648.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 648.42 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 648.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 648.42 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 648.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.45 648.42 Td (\(26.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 648.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 633.42 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.60 633.42 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.60 633.42 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.75 633.42 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 633.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 633.42 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 633.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 633.42 Td (\(3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 633.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.75 633.42 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 633.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 620.00 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.25 Td (The change in parts and services revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.70 598.25 Td (10.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.53 598.25 Td ( represents increases of 6.8% in North ) Tj ET Q q 0 0 0 rg BT 443.93 598.25 Td (America, 8.0% in Europe, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (and 30.6% in Specialty) Tj ET Q q 0 0 0 rg BT 142.11 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 146.93 586.25 Td (The decline in other revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 586.25 Td (26.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.48 586.25 Td ( primarily reflects the decline in the price of scrap steel and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (metals. Refer to the discussion of our segment results of operations for factors contributing to revenue changes during 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (compared to the prior year) Tj ET Q q 0 0 0 rg BT 155.51 562.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 544.25 Td (Cost of Goods Sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.51 544.25 Td (. Our cost of goods sold decreased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 544.25 Td (60.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.58 544.25 Td ( of revenue for the year ended December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 532.25 Td (60.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.77 532.25 Td ( of revenue in the prior year) Tj ET Q q 0 0 0 rg BT 208.83 532.25 Td (. ) Tj ET Q q 0 0 0 rg BT 213.65 532.25 Td (The decrease is related to \(i\) a decline of 0.3% in costs of goods sold in our European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (operations, as a result of a 0.2% decrease in our U.K. operations due to lower product costs and 0.1% due to internalizing gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 508.25 Td (gin from our May 2014 acquisitions of seven Netherlands distributors, and \(ii\) improved net pricing to customers in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 496.25 Td (American operations; as our purchase costs were flat on average, the increase in revenue from favorable pricing resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (in a decrease of 0.2% in cost of goods sold as a percentage of revenue. ) Tj ET Q q 0 0 0 rg BT 334.43 484.25 Td (These decreases were of) Tj ET Q q 0 0 0 rg BT 431.69 484.25 Td (fset by \(i\) an increase of 0.2% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (in our Specialty operations due to higher inventory costs and unfavorable net customer pricing, and \(ii\) a negative mix ef) Tj ET Q q 0 0 0 rg BT 533.56 472.25 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (0.3% primarily resulting from growth of our Specialty segment from our October 2014 acquisition of a supplier of parts for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (recreational vehicles, as this business yields lower gross mar) Tj ET Q q 0 0 0 rg BT 292.26 448.25 Td (gins than our North ) Tj ET Q q 0 0 0 rg BT 372.25 448.25 Td (American and European segments. Refer to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (discussion of our segment results of operations for factors contributing to the change in cost of goods sold as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (revenue by segment for the year ended December 31, 2015 compared to the prior year) Tj ET Q q 0 0 0 rg BT 394.03 424.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 406.25 Td (Facility and W) Tj ET Q q 0 0 0 rg BT 144.51 406.25 Td (ar) Tj ET Q q 0 0 0 rg BT 153.03 406.25 Td (ehouse Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.51 406.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.96 406.25 Td (As a percentage of revenue, facility and warehouse expenses for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (December 31, 2015 decreased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.28 394.25 Td (7.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.11 394.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.54 394.25 Td (7.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.38 394.25 Td ( in the prior year) Tj ET Q q 0 0 0 rg BT 315.46 394.25 Td (. Compared to the prior year) Tj ET Q q 0 0 0 rg BT 428.36 394.25 Td (, we experienced a negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (impact on operating leverage due to a decrease in other revenue, primarily as a result of declining prices of scrap steel and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (metals. Excluding the impact of the decline in scrap and other metal prices of 0.1%, facility and warehouse expenses would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (have improved by 0.2% primarily reflecting a positive mix ef) Tj ET Q q 0 0 0 rg BT 295.30 358.25 Td (fect as a greater proportion of revenue was generated from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Specialty segment. Compared to our North ) Tj ET Q q 0 0 0 rg BT 223.58 346.25 Td (American operations, Specialty stores a greater portion of inventory at their regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (distribution centers, the costs of which are capitalized into inventory and expensed through cost of goods sold.In our North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (American wholesale operations, most of the inventory sold by our local operations is stored on site rather than in distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (centers, and the related facility and warehouse expenses of the local operations are recorded in this line item.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 Td (Distribution Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.05 292.25 Td (As a percentage of revenue, distribution expenses for the year ended December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (decreased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.19 280.25 Td (8.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.02 280.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.46 280.25 Td (8.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.29 280.25 Td ( in the prior year) Tj ET Q q 0 0 0 rg BT 234.38 280.25 Td (. Distribution expenses decreased by 0.4% compared to the prior year due to fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (cost savings driven by lower average prices. ) Tj ET Q q 0 0 0 rg BT 229.20 268.25 Td (The decline in other revenue caused a 0.2% loss in operating leverage due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (revenue mix shift \(scrap and other metals revenue has lower distribution costs than parts sales\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 238.25 Td (Selling, General and ) Tj ET Q q 0 0 0 rg BT 171.36 238.25 Td (Administrative Expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.95 238.25 Td (As a percentage of revenue, selling, general and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (expenses for the year ended December 31, 2015 increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.18 226.25 Td (1) Tj ET Q q 0 0 0 rg BT 299.80 226.25 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.63 226.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.07 226.25 Td (1) Tj ET Q q 0 0 0 rg BT 349.70 226.25 Td (1.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.53 226.25 Td ( in the prior year) Tj ET Q q 0 0 0 rg BT 436.62 226.25 Td (. Compared to the prior year) Tj ET Q q 0 0 0 rg BT 549.52 226.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (other revenue decreased as a result of declining prices of scrap steel and other metals, which negatively impacted our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (leverage and increased our selling, general and administrative expenses as a percentage of revenue by 0.2%. Excluding this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (impact, our selling, general and administrative expenses as a percentage of revenue were flat over the prior year) Tj ET Q q 0 0 0 rg BT 496.75 190.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 172.25 Td (Restructuring and ) Tj ET Q q 0 0 0 rg BT 160.81 172.25 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.12 172.25 Td (. ) Tj ET Q q 0 0 0 rg BT 283.93 172.25 Td (The following table summarizes restructuring and acquisition related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (expenses for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 113.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 113.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 113.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 113.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 113.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 113.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 83.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 83.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 83.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 83.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 83.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 83.75 54.00 -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 330.5 128.75 m 384.5 128.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 128.75 m 405.5 128.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 128.75 m 459.5 128.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 113.75 m 384.5 113.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 128.75 m 459.5 128.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 113.75 m 459.5 113.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 113.75 m 532.5 113.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 113.75 m 384.5 113.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 113.75 m 459.5 113.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 83.75 m 459.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 83.75 m 384.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 69.75 m 384.5 69.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 67.75 m 384.5 67.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 83.75 m 459.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 69.75 m 459.5 69.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 67.75 m 459.5 67.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 83.75 m 532.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 69.75 m 532.5 69.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 67.75 m 532.5 67.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.20 132.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 117.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 117.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 117.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 103.42 Td (Restructuring expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 103.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 103.42 Td (13,083) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 387.00 108.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 103.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 103.42 Td (11,123) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 462.00 108.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 103.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 103.42 Td (1,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 88.42 Td (Acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 88.42 Td (6,428) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 387.00 93.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 88.42 Td (3,683) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 462.00 93.58 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 88.42 Td (2,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 73.42 Td (Total restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 73.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 73.42 Td (19,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 73.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 73.42 Td (14,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 73.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 73.42 Td (4,705) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 51.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 51.25 Td (Refer to our ) Tj ET Q q 0 0 0 rg BT 136.44 51.25 Td (Y) Tj ET Q q 0 0 0 rg BT 142.67 51.25 Td (ear Ended December 31, 2016 compared to ) Tj ET Q q 0 0 0 rg BT 318.33 51.25 Td (Y) Tj ET Q q 0 0 0 rg BT 324.55 51.25 Td (ear Ended December 31, 2015 discussion for details.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Restructuring expense for the year ended December 31, 2014 included$5.8 millionof expense related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (integration of our Keystone Specialty acquisition, as well as$1.9 million,$1.0 million, and$0.8 millionof expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (related to the integration of acquired businesses in our European, North ) Tj ET Q q 0 0 0 rg BT 373.70 718.10 Td (American and Specialty segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 133.66 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 138.11 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 188.01 706.10 Td (, we incurred$1.6 millionof severance costs to terminated employees as part of the ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (rationalization of our European operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 676.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (Refer to our ) Tj ET Q q 0 0 0 rg BT 136.44 676.10 Td (Y) Tj ET Q q 0 0 0 rg BT 142.67 676.10 Td (ear Ended December 31, 2016 compared to ) Tj ET Q q 0 0 0 rg BT 318.33 676.10 Td (Y) Tj ET Q q 0 0 0 rg BT 324.55 676.10 Td (ear Ended December 31, 2015 discussion for details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Acquisition related expenses for the year ended December 31, 2014 include external costs primarily related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (acquisitions of seven distribution companies in the Netherlands.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 628.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 628.10 Td (Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 212.28 628.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 628.10 Td (" to the consolidated financial statements in Part II, Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (8 of this ) Tj ET Q q 0 0 0 rg BT 84.73 616.10 Td (Annual Report on Form 10-K for further information on our restructuring and integration plans. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 106.18 598.10 Td (eciation and ) Tj ET Q q 0 0 0 rg BT 158.21 598.10 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.44 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.76 598.10 Td (The following table summarizes depreciation and amortization for the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 150.00 539.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 539.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 539.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 539.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 539.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 539.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 539.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.00 509.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 509.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 509.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 509.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 509.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 509.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 509.60 17.00 -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 302 554.6 m 356 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 554.6 m 364 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 554.6 m 418 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 554.6 m 356 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 539.6 m 356 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 539.6 m 418 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 539.6 m 480 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 539.6 m 356 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 539.6 m 418 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 509.6 m 356 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 509.6 m 418 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 509.6 m 356 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 495.6 m 356 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 493.6 m 356 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 509.6 m 418 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 495.6 m 418 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 493.6 m 418 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 509.6 m 480 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 495.6 m 480 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 493.6 m 480 493.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.20 558.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 543.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 543.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 543.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 529.27 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 529.27 Td (88,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 529.27 Td (86,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 529.27 Td (2,119) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 482.50 534.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 514.27 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 514.27 Td (33,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 514.27 Td (34,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 514.32 Td (\(718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 514.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 482.50 519.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 499.27 Td (Total depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 499.27 Td (122,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 499.27 Td (120,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 499.27 Td (1,401) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 477.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 477.10 Td (The increase in depreciation expense was a result of increased levels of property and equipment to support our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 465.10 Td (acquisition and or) Tj ET Q q 0 0 0 rg BT 157.47 465.10 Td (ganic related growth, partially of) Tj ET Q q 0 0 0 rg BT 288.63 465.10 Td (fset by a decline of $3.1 million attributable to the impact of foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 453.10 Td (exchange rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 435.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 435.10 Td (The decrease in amortization expense reflects a $1.6 million decline due to foreign exchange rates partially of) Tj ET Q q 0 0 0 rg BT 524.80 435.10 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 423.10 Td (net increases in amortization expense for intangibles recorded related to our 2014 and 2015 acquisitions. ) Tj ET Q q 0 0 0 rg BT 506.24 423.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 411.10 Td (amortization expense for the year ended December 31, 2014 included accelerated amortization for intangibles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 399.10 Td (recognized during 2014 for the January 2014 acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 402.49 399.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 381.10 Td (Other Expense, Net.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.53 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.85 381.10 Td (The following table summarizes the components of the year) Tj ET Q q 0 0 0 rg BT 408.58 381.10 Td (-over) Tj ET Q q 0 0 0 rg BT 429.48 381.10 Td (-year decrease in other expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (net \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 352.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 352.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 352.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 322.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 322.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 322.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 292.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 292.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 292.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 262.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 262.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 262.60 17.00 -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 427.5 277.6 m 472.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 277.6 m 472.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 262.6 m 472.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 262.6 m 472.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 248.60000000000002 m 472.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 246.60000000000002 m 472.5 246.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 342.27 Td (Other expense, net for the year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 342.27 Td (61,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 327.27 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 312.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 312.32 Td (\(6,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 312.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 317.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 297.27 Td (Loss on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 297.32 Td (\(324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 297.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 302.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 282.27 Td (Interest and other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 282.27 Td (623) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.00 287.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 267.27 Td (Total decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 267.32 Td (\(6,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 252.27 Td (Other expense, net for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.10 252.27 Td (55,597) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 230.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 230.10 Td (Approximately $4.2 million of the reduction in interest expense from the prior year is due to lower outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 218.10 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 136.37 218.10 Td (The remaining $2.5 million is attributable to lower interest rates under our senior secured credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 206.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 132.46 206.10 Td (The higher outstanding debt levels in the prior year were primarily related to borrowings used to finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 194.10 Td (the Keystone Specialty acquisition in January 2014 and cash flow from operations in 2015 that was used to pay down ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 182.10 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 164.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 164.10 Td (During the year ended December 31, 2014, we incurred a $0.3 million loss on debt extinguishment as a result of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 152.10 Td (March 2014 amendment to our senior secured credit agreement. ) Tj ET Q q 0 0 0 rg BT 344.06 152.10 Td (W) Tj ET Q q 0 0 0 rg BT 352.69 152.10 Td (e did not incur a similar char) Tj ET Q q 0 0 0 rg BT 467.47 152.10 Td (ge during 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 134.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 134.10 Td (The decrease in Interest and other income, net reflects an increase in contingent consideration expense relative to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.10 Td (prior year of $2.3 million partially of) Tj ET Q q 0 0 0 rg BT 233.84 122.10 Td (fset by \(i\) an increase in customer finance fees of $1.3 million and \(ii\) a favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.10 Td (impact due to a decrease in foreign currency losses of $0.5 million, including the impact of unrealized mark-to-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 98.10 Td (losses on foreign currency forward contracts used to hedge the purchase of inventory and, to a lesser extent, unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 86.10 Td (and realized gains and losses on foreign currency transactions for theyear ended December 31, 2015 compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.10 Td (theprior year) Tj ET Q q 0 0 0 rg BT 139.31 74.10 Td (. ) 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 31.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.63 742.10 Td (ovision for Income T) Tj ET Q q 0 0 0 rg BT 177.76 742.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.53 742.10 Td (. Our ef) Tj ET Q q 0 0 0 rg BT 226.17 742.10 Td (fective income tax rate was 33.9% for theyear endedDecember31, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (compared to 34.7% for theyear endedDecember31, 2014. ) Tj ET Q q 0 0 0 rg BT 288.90 730.10 Td (The lower ef) Tj ET Q q 0 0 0 rg BT 339.80 730.10 Td (fective tax rate in 2015 reflects a 0.5% benefit relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to the prior year as a result of an increase in earnings in our lower tax rate international operations. In addition, the ef) Tj ET Q q 0 0 0 rg BT 517.98 718.10 Td (fective tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (rate for 2015 benefited from discrete items, including favorable return to provision adjustments of $1.9 million and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (favorable settlement of a Canada tax matter totaling $1.8 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (Equity in Earnings \(Loss\) of Unconsolidated Subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.11 676.10 Td (During the year ended December 31, 2015, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 664.10 Td (ges of $2.0 million in our equity method investments. No tax benefit was recognized related to these char) Tj ET Q q 0 0 0 rg BT 536.72 664.10 Td (ges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Our share of net operating losses in our equity method investments totaled $4.1 million through the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (2015 compared to $2.1 million during the prior year) Tj ET Q q 0 0 0 rg BT 258.01 640.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (For) Tj ET Q q 0 0 0 rg BT 100.63 622.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 139.43 622.10 Td (ency Impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.51 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.83 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.47 622.10 Td (e translate our statements of income at the average exchange rates in ef) Tj ET Q q 0 0 0 rg BT 485.60 622.10 Td (fect for the period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Relative to the average rates used in 2014, the pound sterling, euro and Canadian dollar rates used to translate the 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (statements of income declined by 7.2%, 16.4%, and 13.5%, respectively) Tj ET Q q 0 0 0 rg BT 338.44 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 343.26 598.10 Td (The translation ef) Tj ET Q q 0 0 0 rg BT 413.60 598.10 Td (fect of the decline of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (currencies against the U.S. dollar and realized and unrealized currency losses for the year resulted in an approximately $0.04 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (negative ef) Tj ET Q q 0 0 0 rg BT 93.96 574.10 Td (fect on diluted earnings per share relative to the prior year) Tj ET Q q 0 0 0 rg BT 325.53 574.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (Results of OperationsSegment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 518.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 518.10 Td (e have five operating segments: ) Tj ET Q q 0 0 0 rg BT 223.08 518.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 300.56 518.10 Td (America; Europe; Specialty; Glass and Self Service. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 126.98 506.10 Td (America, Glass and Self Service operating segments are aggregated into one reportable segment, North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (America, because they possess similar economic characteristics and have common products and services, customers, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (methods of distribution. ) Tj ET Q q 0 0 0 rg BT 147.65 482.10 Td (Therefore, we present three reportable segments: North ) Tj ET Q q 0 0 0 rg BT 370.89 482.10 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 495.19 482.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.10 Td (Subsequent to the sale of our glass manufacturing business, we are combining our continuing Glass aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (products operating segment into our ) Tj ET Q q 0 0 0 rg BT 196.23 452.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 273.71 452.10 Td (America operating segment, which we expect to complete in 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 434.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 434.10 Td (e have presented the growth of our revenue and profitability in our operations on both an as reported and a constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (currency basis. ) Tj ET Q q 0 0 0 rg BT 111.79 422.10 Td (The constant currency presentation, which is a non-GAAP) Tj ET Q q 0 0 0 rg BT 345.25 422.10 Td ( measure, excludes the impact of fluctuations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (foreign currency exchange rates. ) Tj ET Q q 0 0 0 rg BT 182.30 410.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.94 410.10 Td (e believe providing constant currency information provides valuable supplemental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (information regarding our growth and profitability) Tj ET Q q 0 0 0 rg BT 250.75 398.10 Td (, consistent with how we evaluate our performance, as this statistic removes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (the translation impact of exchange rate fluctuations, which are outside of our control and do not reflect our operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (performance. Constant currency revenue and Segment EBITDA) Tj ET Q q 0 0 0 rg BT 305.24 374.10 Td ( results are calculated by translating prior year revenue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 123.10 362.10 Td ( in local currency using the current year's currency conversion rate.) Tj ET Q q 0 0 0 rg BT 394.05 362.10 Td (This non-GAAP) Tj ET Q q 0 0 0 rg BT 459.51 362.10 Td ( financial measure has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (important limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (results as reported under GAAP) Tj ET Q q 0 0 0 rg BT 176.14 338.10 Td (. Our use of this term may vary from the use of similarly-titled measures by other issuers due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (the potential inconsistencies in the method of calculation and dif) Tj ET Q q 0 0 0 rg BT 307.30 326.10 Td (ferences due to items subject to interpretation. In addition, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (all companies that report revenue or profitability on a constant currency basis calculate such measures in the same manner as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (we do and, accordingly) Tj ET Q q 0 0 0 rg BT 142.15 302.10 Td (, our calculations are not necessarily comparable to similarly-named measures of other companies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (may not be appropriate measures for performance relative to other companies.) 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 31.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (The following table presents our financial performance, including third party revenue, total revenue and Segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (EBITDA, by reportable segment for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 655.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 655.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 655.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 655.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 655.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 655.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 655.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 655.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 655.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 625.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 625.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 625.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 625.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 625.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 625.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 625.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 625.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 625.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 595.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 595.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 595.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 595.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 595.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 595.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 595.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 595.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 595.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 565.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 565.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 565.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 565.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 565.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 565.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 565.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 565.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 565.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 535.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 535.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 535.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 535.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 535.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 535.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 535.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 535.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 535.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 505.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 505.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 505.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 505.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 505.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 505.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 505.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 505.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 505.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 93.25 475.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.25 475.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.25 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.25 475.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.25 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.25 475.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.25 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.25 475.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.25 475.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 475.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 475.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.25 475.60 41.00 -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 209.25 707.6 m 263.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.25 707.6 m 267.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.25 707.6 m 309.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.25 707.6 m 313.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 707.6 m 367.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.25 707.6 m 371.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.25 707.6 m 412.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.25 707.6 m 417.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 707.6 m 471.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 707.6 m 476.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 707.6 m 517.25 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 670.6 m 263.25 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.25 670.6 m 309.25 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 670.6 m 367.25 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.25 670.6 m 412.25 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 670.6 m 471.25 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.25 670.6 m 517.25 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 610.6 m 263.25 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 596.6 m 263.25 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 594.6 m 263.25 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 610.6 m 367.25 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 596.6 m 367.25 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 594.6 m 367.25 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 610.6 m 471.25 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 596.6 m 471.25 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 594.6 m 471.25 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 520.6 m 263.25 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 506.6 m 263.25 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.25 504.6 m 263.25 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 520.6 m 367.25 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 506.6 m 367.25 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 504.6 m 367.25 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 520.6 m 471.25 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 506.6 m 471.25 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 504.6 m 471.25 504.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.45 711.68 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.75 674.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.75 674.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.40 698.83 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.00 690.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.05 682.83 Td (Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.05 674.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.75 674.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.90 698.83 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 690.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 682.83 Td (Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 674.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.75 674.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.90 698.83 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 690.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.55 682.83 Td (Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.55 674.83 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 95.75 658.580078125 m 168.1875 658.580078125 l s q 0 0 0 rg BT 95.75 659.83 Td (Third Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 646.17 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 645.27 Td (4,470,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 645.27 Td (4,145,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 645.27 Td (4,088,701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 631.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 630.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 630.27 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 630.27 Td (1,846,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 616.17 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 615.27 Td (1,192,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 615.27 Td (1,051,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 615.27 Td (805,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 601.17 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 600.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 600.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 600.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 600.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 600.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 600.27 Td (6,740,064) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 95.75 583.580078125 m 144.56640625 583.580078125 l s q 0 0 0 rg BT 95.75 584.83 Td (Total Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 571.17 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 570.27 Td (4,471,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 570.27 Td (4,146,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 570.27 Td (4,089,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 556.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 555.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 555.27 Td (1,995,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 555.27 Td (1,846,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 541.17 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 540.27 Td (1,196,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 540.27 Td (1,054,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 540.27 Td (807,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 526.17 Td (Eliminations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.55 525.27 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.40 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.55 525.32 Td (\(4,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.40 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.55 525.32 Td (\(2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.40 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 511.17 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 510.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 510.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 510.27 Td (6,740,064) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 95.75 493.580078125 m 157.533203125 493.580078125 l s q 0 0 0 rg BT 95.75 494.83 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 480.27 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 480.27 Td (596,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 480.27 Td (13.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.90 480.27 Td (547,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.75 480.27 Td (13.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 480.27 Td (543,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.75 480.27 Td (13.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 465.27 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 465.27 Td (283,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 465.27 Td (9.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.90 465.27 Td (200,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.75 465.27 Td (10.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 465.27 Td (167,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.75 465.27 Td (9.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 451.17 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 450.27 Td (125,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 450.27 Td (10.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.90 450.27 Td (106,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.75 450.27 Td (10.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.90 450.27 Td (79,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.75 450.27 Td (9.8%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 422.10 Td (The key measure of segment profit or loss reviewed by our chief operating decision maker) Tj ET Q q 0 0 0 rg BT 447.20 422.10 Td (, who is our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 410.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 77.79 410.10 Td (, is Segment EBITDA. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 244.71 410.10 Td ( includes revenue and expenses that are controllable by the segment. Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (segment's percentage of consolidated revenue. ) Tj ET Q q 0 0 0 rg BT 237.16 386.10 Td (W) Tj ET Q q 0 0 0 rg BT 245.79 386.10 Td (e calculate Segment EBITDA) Tj ET Q q 0 0 0 rg BT 364.36 386.10 Td ( as EBITDA) Tj ET Q q 0 0 0 rg BT 413.80 386.10 Td ( excluding restructuring and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (acquisition related expenses, change in fair value of contingent consideration liabilities, other acquisition related gains and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (losses and equity in earnings \(loss\) of unconsolidated subsidiaries. EBITDA, which is the basis for Segment EBITDA, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (calculated as net income excluding discontinued operations, depreciation, amortization, interest \(including loss on debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (extinguishment\) and income tax expense. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.72 338.10 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.09 338.10 Td (" to the consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 190.31 326.10 Td (Annual Report on Form 10-K for a reconciliation of total Segment EBITDA) Tj ET Q q 0 0 0 rg BT 494.97 326.10 Td ( to Net Income.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 288.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 288.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 288.10 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 288.10 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 288.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 288.10 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 288.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (North ) Tj ET Q q 0 0 0 rg BT 76.58 270.10 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 252.10 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 252.10 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 252.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.76 252.10 Td (The following table summarizes the changes in third party revenue by category in our North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (America segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 68.50 189.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 189.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 189.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 189.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 189.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 189.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 189.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 189.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 68.50 159.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 159.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 159.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 159.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 159.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 159.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 159.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 159.60 54.00 -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 188.5 210.60000000000002 m 242.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 210.60000000000002 m 246.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 210.60000000000002 m 300.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 210.60000000000002 m 358.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 210.60000000000002 m 372.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 210.60000000000002 m 426.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 210.60000000000002 m 430.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 210.60000000000002 m 484.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 210.60000000000002 m 488.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 210.60000000000002 m 542.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 189.60000000000002 m 242.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 189.60000000000002 m 300.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 189.60000000000002 m 358.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 189.60000000000002 m 426.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 189.60000000000002 m 484.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 189.60000000000002 m 542.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 189.60000000000002 m 242.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 189.60000000000002 m 300.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 189.60000000000002 m 358.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 189.60000000000002 m 426.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 189.60000000000002 m 484.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 189.60000000000002 m 542.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 159.60000000000002 m 242.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 159.60000000000002 m 300.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 159.60000000000002 m 242.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 145.60000000000002 m 242.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 143.60000000000002 m 242.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 159.60000000000002 m 300.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 145.60000000000002 m 300.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 143.60000000000002 m 300.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 143.60000000000002 m 242.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 145.60000000000002 m 242.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 143.60000000000002 m 300.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 145.60000000000002 m 300.5 145.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.70 214.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 214.83 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 71 192.580078125 m 122.31640625 192.580078125 l s q 0 0 0 rg BT 71.00 193.83 Td (North America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.00 193.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.00 193.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.00 193.83 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.40 193.83 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 416.52 197.46 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 201.83 Td (For) Tj ET Q q 0 0 0 rg BT 455.99 201.83 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 193.83 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 471.64 197.46 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.10 193.83 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 179.27 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 179.27 Td (4,036,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 179.27 Td (3,671,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.75 179.27 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 179.27 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.55 184.43 Td (\(1) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 367.00 184.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 179.27 Td (7.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 179.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.45 179.27 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 179.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.75 179.27 Td (9.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 179.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 164.27 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 164.27 Td (434,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 164.27 Td (474,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.45 164.27 Td (\(11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 164.27 Td (\)%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.55 169.43 Td (\(2) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 367.00 169.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 164.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 164.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.45 164.27 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 164.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.45 164.27 Td (\(8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.30 164.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 149.27 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 149.27 Td (4,470,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 149.27 Td (4,145,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.75 149.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 149.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 149.27 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 149.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.45 149.27 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 149.27 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 516.50 149.47 Td (7.8) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.80 149.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 133.85 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 112.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 112.10 Td (ganic growth in parts and services revenue was primarily attributable to favorable pricing. Increased pricing in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.10 Td (wholesale operations, primarily in our salvage operations, was a result of shifting our salvage vehicle purchasing to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 88.10 Td (higher quality vehicles, which raised the average revenue per part sold. Or) Tj ET Q q 0 0 0 rg BT 383.20 88.10 Td (ganic revenue also grew due to increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.10 Td (sales volumes in our wholesale operations resulting from improved fill rates and in-stock rates, as well as increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.10 Td (purchasing levels, which contributed to a greater volume of parts available for sale. ) Tj ET Q q 0 0 0 rg BT 421.53 64.10 Td (The or) Tj ET Q q 0 0 0 rg BT 447.73 64.10 Td (ganic growth was partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 52.10 Td (of) Tj ET Q q 0 0 0 rg BT 94.15 52.10 Td (fset by a negative mix impact as we saw a smaller percentage of sales from high value salvage part types in 2016. ) 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 31.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 742.10 Td (ganic revenue growth in parts and services was also negatively af) Tj ET Q q 0 0 0 rg BT 357.76 742.10 Td (fected by milder winter weather conditions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (North ) Tj ET Q q 0 0 0 rg BT 111.28 730.10 Td (America in the first quarter of 2016, which we believe impacted volume for the rest of the year) Tj ET Q q 0 0 0 rg BT 490.58 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 712.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (The $40 million decrease in other revenue primarily relates to \(i\) a $21 million decline in revenue from metals, such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (those found in catalytic converters \(platinum, palladium, and rhodium\), aluminum wheels, and copper wiring, due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (lower prices year over year) Tj ET Q q 0 0 0 rg BT 194.43 688.10 Td (, \(ii\) a $13 million reduction due to the sale of our precious metals business late in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (second quarter of 2015, and \(iii\) an $8 million decline in revenue from scrap steel and other metals primarily related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (lower prices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.03137254901960784 0.03137254901960784 0.03137254901960784 rg BT 86.00 646.10 Td (Acquisition related growth in 2016 includes) 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 261.80 646.10 Td ( $208.6 million from our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 441.98 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 446.80 646.10 Td (The remainder of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (acquired revenue growth reflects revenue from our acquisition of nine wholesale businesses and a self service retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (operation from the beginning of 2015 up to the one year anniversary of the acquisition dates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 604.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 604.10 Td (, exchange rates reduced our revenue growth by 0.2%, primarily due to the strengthening of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (the U.S. dollar against the Canadian dollar compared to the prior year) Tj ET Q q 0 0 0 rg BT 363.97 592.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 571.30 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.82 571.30 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 239.42 571.30 Td ( increased $48.9 million, or 8.9%, in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 516.02 571.30 Td (. ) Tj ET Q q 0 0 0 rg BT 520.83 571.30 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.30 Td (other revenue decreased from the prior year) Tj ET Q q 0 0 0 rg BT 224.51 559.30 Td (, sequential increases in scrap steel prices in our salvage and self service operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.30 Td (benefited gross mar) Tj ET Q q 0 0 0 rg BT 128.68 547.30 Td (gins and had a favorable impact of $7.7 million on North ) Tj ET Q q 0 0 0 rg BT 358.63 547.30 Td (America Segment EBITDA) Tj ET Q q 0 0 0 rg BT 469.16 547.30 Td ( and approximately a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.30 Td ($0.02 positive ef) Tj ET Q q 0 0 0 rg BT 116.75 535.30 Td (fect on diluted earnings per share. ) Tj ET Q q 0 0 0 rg BT 254.58 535.30 Td (This favorable impact resulted from the increase in scrap steel prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.30 Td (between the date we purchased the car) Tj ET Q q 0 0 0 rg BT 203.41 523.30 Td (, which influences the price we pay for the car) Tj ET Q q 0 0 0 rg BT 387.92 523.30 Td (, and the date we scrapped the car) Tj ET Q q 0 0 0 rg BT 522.46 523.30 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.30 Td (influences the price we receive for scrapping the vehicle.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 490.50 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 490.50 Td ( as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 516.37 490.50 Td (American ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 478.50 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 425.20 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 425.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 425.20 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 395.20 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 395.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 395.20 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 365.20 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 365.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 365.20 15.00 -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 429 425.2 m 495 425.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 425.2 m 495 425.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 365.2 m 495 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 351.2 m 495 351.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 349.2 m 495 349.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 349.2 m 495 349.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 351.2 m 495 351.2 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 428.18007812499997 m 154.81640625 428.18007812499997 l s q 0 0 0 rg BT 103.50 429.43 Td (North America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.35 445.43 Td (Percentage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.05 437.43 Td (Total Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 429.43 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 414.87 Td (Segment EBITDA for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 414.87 Td (13.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 414.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 399.87 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 384.87 Td (Change in gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 384.87 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 384.87 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.50 387.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 369.87 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.95 369.87 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 369.87 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.50 372.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 354.87 Td (Segment EBITDA for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 354.87 Td (13.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 354.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 339.45 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 314.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 314.90 Td (The improvement in gross mar) Tj ET Q q 0 0 0 rg BT 209.13 314.90 Td (gin reflects a 0.8% favorable impact from our self service operations, as car costs have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 302.90 Td (decreased by a greater percentage year over year than revenue. ) Tj ET Q q 0 0 0 rg BT 339.27 302.90 Td (W) Tj ET Q q 0 0 0 rg BT 348.31 302.90 Td (ithin our wholesale operations, we experienced a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.51 302.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.90 Td (0.5% favorable impact on gross mar) Tj ET Q q 0 0 0 rg BT 230.78 290.90 Td (gin as a result of procurement initiatives implemented in our aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 278.90 Td (operations during 2016, which reduced our product costs. Partially of) Tj ET Q q 0 0 0 rg BT 363.26 278.90 Td (fsetting these increases was an unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 266.90 Td (impact of 0.4% related to our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 284.20 266.90 Td (, which had lower gross mar) Tj ET Q q 0 0 0 rg BT 397.32 266.90 Td (gins than our existing North ) Tj ET Q q 0 0 0 rg BT 511.48 266.90 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.90 Td (operations as a result of a non-recurring inventory step-up adjustment recorded upon acquisition and higher cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 242.90 Td (products sourced from the glass manufacturing side of the business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 222.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 222.10 Td (The increase in segment operating expenses as a percentage of revenue reflects \(i\) an increase in operating expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 210.10 Td (0.3% related to our PGW) Tj ET Q q 0 0 0 rg BT 187.18 210.10 Td ( acquisition, which had higher operating expenses as a percentage of revenue than our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 198.10 Td (existing North ) Tj ET Q q 0 0 0 rg BT 145.44 198.10 Td (America operations as a result of incremental costs related to shared Glass corporate expenses that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 186.10 Td (not expected to reoccur after the sale of the PGW) Tj ET Q q 0 0 0 rg BT 283.23 186.10 Td ( glass manufacturing business closes, and \(ii\) a 0.3% increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 174.10 Td (personnel costs as a percentage of revenue. ) Tj ET Q q 0 0 0 rg BT 260.74 174.10 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 392.16 174.10 Td (fset by a 0.2% improvement in fuel prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 162.10 Td (as a percentage of revenue.) 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 31.60 Td (42) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 742.25 Td (Europe) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 724.25 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 724.25 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 724.25 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 724.25 Td (The following table summarizes the changes in third party revenue by category in our Europe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 72.50 661.75 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 661.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.50 631.75 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 631.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 631.75 54.00 -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 192.5 682.75 m 246.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 682.75 m 250.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 682.75 m 304.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 682.75 m 362.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 682.75 m 422.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 682.75 m 426.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 682.75 m 480.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 682.75 m 484.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 682.75 m 538.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 661.75 m 246.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 661.75 m 304.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 682.75 m 362.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 661.75 m 362.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 682.75 m 368.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 661.75 m 422.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 661.75 m 480.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 661.75 m 538.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 661.75 m 246.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 661.75 m 304.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 661.75 m 362.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 661.75 m 422.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 661.75 m 480.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 661.75 m 538.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 631.75 m 246.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 631.75 m 304.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 631.75 m 246.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 617.75 m 246.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 615.75 m 246.5 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 631.75 m 304.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 617.75 m 304.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 615.75 m 304.5 615.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.70 686.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 686.98 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 75 664.730078125 m 100.19140625 664.730078125 l s q 0 0 0 rg BT 75.00 665.98 Td (Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.00 665.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.00 665.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.95 665.98 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 346.95 669.61 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.40 665.98 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 412.52 669.61 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 673.98 Td (For) Tj ET Q q 0 0 0 rg BT 451.99 673.98 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.30 665.98 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 467.64 669.61 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.10 665.98 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 651.42 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 651.42 Td (2,915,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 651.42 Td (1,991,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.75 651.42 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 651.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 651.42 Td (47.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 651.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 651.42 Td (\(7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 651.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 651.42 Td (46.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 651.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 636.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.15 636.42 Td (4,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 636.42 Td (4,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.45 636.42 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.30 636.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 636.42 Td (15.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 636.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 636.42 Td (\(7.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 636.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 636.42 Td (8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 636.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 621.42 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 621.42 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 621.42 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.75 621.42 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 621.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 621.42 Td (47.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 621.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 621.42 Td (\(7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 621.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 621.42 Td (46.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 621.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.00 606.00 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 581.45 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 581.45 Td (In our U.K. operations, parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 319.63 581.45 Td (ganically by 8.1%, while in Benelux region operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 569.45 Td (parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 224.37 569.45 Td (ganically by 4.5%. Our or) Tj ET Q q 0 0 0 rg BT 328.05 569.45 Td (ganic revenue growth in the U.K., which resulted from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 557.45 Td (higher sales volumes, was composed of a 6.6% increase in revenue from stores open more than 12 months and a 1.5% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 545.45 Td (increase in revenue generated by 21 branch openings since the beginning of the prior year through the one-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 533.45 Td (anniversary of their respective opening dates. Or) Tj ET Q q 0 0 0 rg BT 280.47 533.45 Td (ganic revenue growth in our Benelux region was primarily due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 521.45 Td (favorable mix impact resulting from a shift in sales to higher price products as well as increased prices; or) Tj ET Q q 0 0 0 rg BT 509.57 521.45 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 509.45 Td (revenue also grew as a result of an additional selling day in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 453.38 509.45 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 488.65 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.65 Td (Acquisition related growth for the year) Tj ET Q q 0 0 0 rg BT 241.58 488.65 Td (-ended December 31, 2016 includes $847.5 million from our acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 476.65 Td (Rhiag. ) Tj ET Q q 0 0 0 rg BT 114.71 476.65 Td (The remainder of our acquired revenue growth includes revenue from our acquisitions of 14 distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 464.65 Td (companies in the Netherlands, 3 wholesale businesses in our U.K. operations, and 3 salvage businesses in Sweden ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 452.65 Td (since the beginning of 2015 through the one-year anniversary of the acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 431.85 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 431.85 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 431.85 Td (, exchange rates reduced our revenue growth by $158.2 million, or7.9%, primarily due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 419.85 Td (the strengthening of the U.S. dollar against the pound sterling relative to 2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 399.05 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 399.05 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 238.42 399.05 Td ( increased $83.0 million, or 41.4%, in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 520.02 399.05 Td (. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 387.05 Td (Rhiag acquisition contributed $94.3 million to Segment EBITDA) Tj ET Q q 0 0 0 rg BT 317.08 387.05 Td ( in 2016, while our ) Tj ET Q q 0 0 0 rg BT 394.86 387.05 Td (Andrew Page acquisition generated a loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 375.05 Td (of $4.8 million. Our Europe Segment EBITDA) Tj ET Q q 0 0 0 rg BT 243.75 375.05 Td ( includes a negative year over year impact of $17.6 million related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 363.05 Td (translation of local currency results into U.S. dollars at lower exchange rates than those experienced during 2015. On a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 351.05 Td (constant currency basis \(i.e. excluding the translation impact\), Segment EBITDA) Tj ET Q q 0 0 0 rg BT 380.36 351.05 Td ( increased by $100.6 million, or 50.2%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 339.05 Td (compared to the prior year) Tj ET Q q 0 0 0 rg BT 161.51 339.05 Td (.Refer to the Foreign Currency Impact discussion within the Results of Operations - Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 327.05 Td (section above for further detail regarding foreign currency impact on our results for the year ended December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 306.25 Td (The following table summarizes the changes in segment EBITDA) Tj ET Q q 0 0 0 rg BT 352.27 306.25 Td ( as a percentage of revenue in our Europe segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 257.95 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 257.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 257.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 257.95 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 227.95 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 227.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 227.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 227.95 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 197.95 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 197.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 197.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 197.95 15.00 -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 456.5 257.95000000000005 m 516.5 257.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 182.95000000000005 m 516.5 182.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 182.95000000000005 m 516.5 182.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 168.95000000000005 m 516.5 168.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 166.95000000000005 m 516.5 166.95000000000005 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 121 260.930078125 m 146.19140625 260.930078125 l s q 0 0 0 rg BT 121.00 262.18 Td (Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.85 278.18 Td (Percentage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.55 270.18 Td (Total Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.30 262.18 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 247.62 Td (Segment EBITDA for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.80 247.62 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 247.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 232.62 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 217.62 Td (Change in gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.45 217.62 Td (\(1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 217.62 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 519.00 220.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 202.62 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.80 202.62 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 202.62 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 519.00 205.60 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 187.62 Td (Change in other expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.45 187.62 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 187.62 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 172.62 Td (Segment EBITDA for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.80 172.62 Td (9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 172.62 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.00 159.20 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.00 155.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 134.65 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 134.65 Td (The decrease in gross mar) Tj ET Q q 0 0 0 rg BT 190.22 134.65 Td (gin reflects a 1.3% decline in gross mar) Tj ET Q q 0 0 0 rg BT 348.32 134.65 Td (gin due to the acquisition of Rhiag, which has lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.65 Td (gross mar) Tj ET Q q 0 0 0 rg BT 124.98 122.65 Td (gins than our other Europe operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 101.85 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 101.85 Td (The decrease in segment operating expenses as a percentage of revenue reflects \(i\) a decrease of 1.8% in operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 89.85 Td (expenses as a result of the acquisition of Rhiag, which has lower operating expenses as a percentage of revenue than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 77.85 Td (our other Europe operations and \(ii\) a 0.3% decrease in distribution expenses in our U.K. operations due to reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 65.85 Td (personnel costs. Partially of) Tj ET Q q 0 0 0 rg BT 196.91 65.85 Td (fsetting these decreases were \(i\) an increase in facility and warehouse expenses of 0.8% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 53.85 Td (from a 0.5% increase primarily related to the opening of 21 new branches and 6 new hubs since the prior year and ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (0.3% related to the addition of facility and personnel costs for the ) Tj ET Q q 0 0 0 rg BT 350.46 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 355.87 742.10 Td (amworth distribution facility) Tj ET Q q 0 0 0 rg BT 470.20 742.10 Td (, and \(ii\) an increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (of 0.3% in operating expenses as a result of the acquisition of ) Tj ET Q q 0 0 0 rg BT 333.99 730.10 Td (Andrew Page, which has higher operating expenses as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (percentage of revenue than our other Europe operations. ) Tj ET Q q 0 0 0 rg BT 313.22 718.10 Td (While we have closed the ) Tj ET Q q 0 0 0 rg BT 417.90 718.10 Td (Andrew Page acquisition and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (consolidating its results, we are not permitted to integrate this acquisition with our existing U.K. operations until we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (receive approval from the U.K. Competition and Markets ) Tj ET Q q 0 0 0 rg BT 317.60 694.10 Td (Authority) Tj ET Q q 0 0 0 rg BT 355.84 694.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 661.30 Td (Specialty) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 643.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 643.30 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 643.30 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 643.30 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 643.30 Td (The following table summarizes the changes in third party revenue by category in our Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.30 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 580.80 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 580.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 580.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 580.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 580.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 580.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 580.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 580.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 580.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 580.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 580.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 580.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 550.80 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 550.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 550.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 550.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 550.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 550.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 550.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 550.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 550.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 550.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 550.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 550.80 54.00 -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 193.5 601.8 m 247.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 601.8 m 251.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 601.8 m 305.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 601.8 m 363.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 601.8 m 367.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 601.8 m 421.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 601.8 m 425.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 601.8 m 479.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 601.8 m 483.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 601.8 m 537.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 580.8 m 247.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 580.8 m 305.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 580.8 m 363.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 580.8 m 421.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 580.8 m 479.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 580.8 m 537.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 580.8 m 247.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 580.8 m 305.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 580.8 m 363.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 580.8 m 421.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 580.8 m 479.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 580.8 m 537.5 580.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 550.8 m 247.5 550.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 550.8 m 305.5 550.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 550.8 m 247.5 550.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 536.8 m 247.5 536.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 534.8 m 247.5 534.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 550.8 m 305.5 550.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 536.8 m 305.5 536.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 534.8 m 305.5 534.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.70 606.03 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 606.03 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 76 583.780078125 m 107.109375 583.780078125 l s q 0 0 0 rg BT 76.00 585.03 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.00 585.03 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 585.03 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.95 585.03 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 347.95 588.66 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 585.03 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 411.52 588.66 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.70 593.03 Td (For) Tj ET Q q 0 0 0 rg BT 450.99 593.03 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.30 585.03 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 466.64 588.66 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.10 585.03 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 570.47 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 570.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 570.47 Td (1,192,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 570.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 570.47 Td (1,051,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 570.47 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 570.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 570.47 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 570.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 570.47 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 570.47 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 570.47 Td (13.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 570.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 555.47 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 555.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 555.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 555.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 555.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 555.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 555.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.30 555.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 555.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 555.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 555.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 540.47 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 540.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 540.47 Td (1,192,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 540.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 540.47 Td (1,051,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 540.47 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 540.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 540.47 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 540.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 540.47 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 540.47 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 540.47 Td (13.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 540.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 525.05 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 500.50 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 500.50 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 500.50 Td (ganic growth in Specialty parts and services revenue reflects an increase in service levels throughout North ) Tj ET Q q 0 0 0 rg BT 526.78 500.50 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.50 Td (as we continue to expand the breadth and depth of our inventory of) Tj ET Q q 0 0 0 rg BT 354.07 488.50 Td (ferings and add delivery capacity to our integrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 476.50 Td (distribution network to allow us to realize syner) Tj ET Q q 0 0 0 rg BT 277.17 476.50 Td (gies associated with the integration of Coast. ) Tj ET Q q 0 0 0 rg BT 458.61 476.50 Td (Through most of 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 464.50 Td (we also saw growth from favorable macro trends and economic conditions, which increased consumer discretionary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 452.50 Td (spending on automotive and recreational vehicle parts and accessories. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 431.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 431.70 Td (Acquisition related growth reflects the impact of the Coast acquisition on ) Tj ET Q q 0 0 0 rg BT 381.21 431.70 Td (August 19, 2015 through the one year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 419.70 Td (anniversary of the acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 398.90 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 398.90 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 398.90 Td (, exchange rates reduced our revenue growth by $3.3 million, or 0.3%, primarily due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 386.90 Td (strengthening of the U.S dollar against the Canadian dollar relative to 2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 366.10 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 366.10 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 238.42 366.10 Td ( increased $18.5 million, or 17.3%, in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 520.02 366.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 345.30 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 345.30 Td ( as a percentage of revenue in our Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 333.30 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 289.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 289.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 289.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 289.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 259.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 259.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 259.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 259.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 229.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 229.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 229.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 229.80 15.00 -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 437 289.79999999999995 m 497 289.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 289.79999999999995 m 497 289.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 214.79999999999995 m 497 214.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 200.79999999999995 m 497 200.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 198.79999999999995 m 497 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 198.79999999999995 m 497 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 200.79999999999995 m 497 200.79999999999995 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 292.78007812499993 m 132.609375 292.78007812499993 l s q 0 0 0 rg BT 101.50 294.03 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 308.88 Td (Percentage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 300.88 Td (Total Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 292.88 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 279.47 Td (Segment EBITDA for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 279.47 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 279.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 264.47 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 249.47 Td (Change in gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 249.47 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 249.47 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 252.45 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 234.47 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 234.47 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 234.47 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 237.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 219.47 Td (Change in other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 219.47 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 219.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 204.47 Td (Segment EBITDA for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 204.47 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 204.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 191.05 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 169.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 169.30 Td (The decline in gross mar) Tj ET Q q 0 0 0 rg BT 184.68 169.30 Td (gin reflects \(i\) a 0.4% unfavorable impact due to customer volume rebates which have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.30 Td (increased along with sales volume, \(ii\) a 0.3% increase in inventory costs, which were higher due to the stocking of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 145.30 Td (two distribution centers, one of which was not yet operational in the prior year period and one which became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 133.30 Td (operational in the fourth quarter of 2015, and \(iii\) a decrease in advertising credits of 0.3% due to higher purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 121.30 Td (volume in 2015 from the initial stocking of those two new distribution centers. ) Tj ET Q q 0 0 0 rg BT 402.99 121.30 Td (These negative ef) Tj ET Q q 0 0 0 rg BT 473.33 121.30 Td (fects were partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 109.30 Td (of) Tj ET Q q 0 0 0 rg BT 94.15 109.30 Td (fset by a 0.4% improvement due to Coast related freight syner) Tj ET Q q 0 0 0 rg BT 342.51 109.30 Td (gies as more volume went through the existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 97.30 Td (Specialty network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 79.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 79.30 Td (The decrease in segment operating expenses reflects a favorable 1.0% reduction in selling, general and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.30 Td (expenses primarily related to \(i\) a 0.4% decline in personnel costs from the realization of integration syner) Tj ET Q q 0 0 0 rg BT 511.51 67.30 Td (gies, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 55.30 Td (lower bad debt expense of 0.2% due to increased collection ef) Tj ET Q q 0 0 0 rg BT 333.78 55.30 Td (forts and \(iii\) individually insignificant decreases across ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (various selling, general and administrative expense categories totaling 0.4%. Favorable distribution expenses of 0.2% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (due to lower fuel and freight costs were of) Tj ET Q q 0 0 0 rg BT 255.20 730.10 Td (fset by an increase in facilities and warehouse expense primarily related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (the higher cost of Coast facilities as well as the addition of two new distribution centers. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 680.10 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 680.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 680.10 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 680.10 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 680.10 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 680.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 680.10 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 680.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (North ) Tj ET Q q 0 0 0 rg BT 76.58 662.10 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 644.10 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 644.10 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 644.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.76 644.10 Td (The following table summarizes the changes in third party revenue by category in our North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (American segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 68.50 581.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 581.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 581.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 581.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 581.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 581.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 581.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 581.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 68.50 551.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 551.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 551.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 551.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 551.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 551.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 551.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 551.60 54.00 -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 188.5 602.6 m 242.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 602.6 m 246.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 602.6 m 300.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 602.6 m 358.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 602.6 m 372.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 602.6 m 426.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 602.6 m 430.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 602.6 m 484.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 602.6 m 488.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 602.6 m 542.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 581.6 m 242.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 581.6 m 300.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 602.6 m 358.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 581.6 m 358.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 602.6 m 372.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 581.6 m 426.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 581.6 m 484.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 581.6 m 542.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 581.6 m 242.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 581.6 m 300.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 581.6 m 358.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 581.6 m 426.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 581.6 m 484.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 581.6 m 542.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 551.6 m 242.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 551.6 m 300.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 551.6 m 242.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 537.6 m 242.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 535.6 m 242.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 551.6 m 300.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 537.6 m 300.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 535.6 m 300.5 535.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.70 606.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 606.83 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 71 584.580078125 m 122.31640625 584.580078125 l s q 0 0 0 rg BT 71.00 585.83 Td (North America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.00 585.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.00 585.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.00 585.83 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.40 585.83 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 416.52 589.46 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 593.83 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.30 585.83 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.10 585.83 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 571.27 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 571.27 Td (3,671,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 571.27 Td (3,437,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.75 571.27 Td (5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 571.27 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.00 576.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 571.27 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 571.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.45 571.27 Td (\(1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 571.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.75 571.27 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 571.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 556.27 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 556.27 Td (474,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 556.27 Td (650,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.45 556.27 Td (\(28.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 556.27 Td (\)%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.00 561.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 556.27 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 556.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.45 556.27 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 556.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.45 556.27 Td (\(27.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.30 556.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.27 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 541.27 Td (4,145,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 541.27 Td (4,088,701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.75 541.27 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 541.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 541.27 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 541.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.45 541.27 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 541.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.75 541.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 541.27 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 525.85 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 504.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 504.10 Td (The acquisition growth in revenue reflects the impact of 13 wholesale businesses and 3 self service retail operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 492.10 Td (acquired since the beginning of 2014 up to the one year anniversary of the acquisition date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 474.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 474.10 Td (Approximately 60% of our or) Tj ET Q q 0 0 0 rg BT 204.68 474.10 Td (ganic growth in parts and services revenue was due to increased net pricing in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 462.10 Td (wholesale operations. In our aftermarket operations, we increased our net prices to customers compared to the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 450.10 Td (year) Tj ET Q q 0 0 0 rg BT 102.66 450.10 Td (. In our salvage operations, we shifted our salvage vehicle purchasing to higher quality vehicles beginning in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 438.10 Td (third quarter of 2014, which increased the average revenue per part sold during 2015. ) Tj ET Q q 0 0 0 rg BT 429.58 438.10 Td (The remainder of our or) Tj ET Q q 0 0 0 rg BT 525.47 438.10 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.10 Td (growth in parts and services revenue was primarily due to increased sales volumes in our salvage operations and to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 414.10 Td (lesser extent, our aftermarket operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 396.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 396.10 Td (Approximately $161 million of the $187 million or) Tj ET Q q 0 0 0 rg BT 290.52 396.10 Td (ganic decline in other revenue was a result of lower prices received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 384.10 Td (from the sale of scrap and other metals. ) Tj ET Q q 0 0 0 rg BT 246.04 384.10 Td (This was primarily due to lower prices from the sale of crushed auto bodies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 372.10 Td (which fluctuate based on steel prices. Lower sales volumes were responsible for the remaining decline, primarily due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 360.10 Td (to fewer vehicles processed relative to the prior year) Tj ET Q q 0 0 0 rg BT 294.80 360.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 342.10 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.82 342.10 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 235.42 342.10 Td ( increased $3.5 million, or 0.6%, in 2015 compared to the prior year) Tj ET Q q 0 0 0 rg BT 507.02 342.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.83 342.10 Td (The decline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (in scrap steel and other metals prices as described in the revenue section above had a negative year over year impact of $34.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (million on North ) Tj ET Q q 0 0 0 rg BT 119.17 318.10 Td (American Segment EBITDA) Tj ET Q q 0 0 0 rg BT 234.70 318.10 Td ( and a $0.07 negative ef) Tj ET Q q 0 0 0 rg BT 330.03 318.10 Td (fect on diluted earnings per share relative to the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 306.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 285.30 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 285.30 Td ( as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 516.37 285.30 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 273.30 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 120.50 227.00 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 227.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 227.00 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 227.00 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 120.50 197.00 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 197.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 197.00 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 197.00 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 120.50 167.00 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 167.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 167.00 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 167.00 15.00 -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 448.5 227 m 514.5 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 227 m 514.5 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 167 m 514.5 167 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 153 m 514.5 153 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 151 m 514.5 151 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 151 m 514.5 151 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 153 m 514.5 153 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 123 229.98007812499998 m 174.31640625 229.98007812499998 l s q 0 0 0 rg BT 123.00 231.23 Td (North America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.85 246.08 Td (Percentage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.55 238.08 Td (Total Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.30 230.08 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 216.67 Td (Segment EBITDA for the year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 216.67 Td (13.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 216.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 201.67 Td (Increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 186.67 Td (Change in gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 186.67 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 186.67 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.00 189.65 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 171.67 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.45 171.67 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 171.67 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.00 174.65 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 156.67 Td (Segment EBITDA for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 156.67 Td (13.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 156.67 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 123.00 141.25 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 116.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 116.70 Td (The improvement in gross mar) Tj ET Q q 0 0 0 rg BT 209.13 116.70 Td (gin reflects a 0.2% favorable impact from our aftermarket product lines and a 0.1% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 104.70 Td (favorable mix impact resulting from more revenue being derived from our wholesale operations, which have higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 92.70 Td (gross mar) Tj ET Q q 0 0 0 rg BT 124.98 92.70 Td (gin percentages relative to our self service operations during periods when scrap and other metal prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 80.70 Td (decline. In our aftermarket products, we improved our gross mar) Tj ET Q q 0 0 0 rg BT 344.34 80.70 Td (gin through increases in net prices to our customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 68.70 Td (Despite the continued decline in scrap and other metal prices, mar) Tj ET Q q 0 0 0 rg BT 349.89 68.70 Td (gins in our self service operations have remained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 56.70 Td (consistent year over year) Tj ET Q q 0 0 0 rg BT 185.28 56.70 Td (, resulting from the continued ef) Tj ET Q q 0 0 0 rg BT 313.95 56.70 Td (fort to reduce car costs and purchase higher quality cars that ) 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 31.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (will yield more parts revenue per vehicle to of) Tj ET Q q 0 0 0 rg BT 270.75 742.10 Td (fset the loss in scrap and other metal revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 721.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 721.30 Td (The decline in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 219.30 721.30 Td ( mar) Tj ET Q q 0 0 0 rg BT 237.17 721.30 Td (gin related to operating expenses was primarily the result of the negative impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 709.30 Td (on operating leverage caused by the decrease in other revenue related to the declining prices of scrap steel and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.30 Td (metals. In periods of falling scrap revenue, we do not experience a commensurate decline in operating expenses, as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 685.30 Td (have few variable costs associated with the sale of scrap and other metals. ) Tj ET Q q 0 0 0 rg BT 384.04 685.30 Td (The 0.5% increase in segment operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.30 Td (expenses as a percentage of revenue included an unfavorable impact of 1.1% related to the decline in prices for scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 661.30 Td (steel and other metals. ) Tj ET Q q 0 0 0 rg BT 177.73 661.30 Td (This increase was partially of) Tj ET Q q 0 0 0 rg BT 295.29 661.30 Td (fset by an improvement in segment operating expenses of 0.6%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 649.30 Td (which is primarily the result of a 0.4% improvement in distribution expenses due to a reduction in fuel costs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 628.50 Td (Europe) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.50 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 610.50 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 610.50 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 610.50 Td (The following table summarizes the changes in third party revenue by category in our European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.50 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 72.50 548.00 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 548.00 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.50 518.00 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 518.00 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 518.00 54.00 -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 192.5 569 m 246.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 569 m 250.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 569 m 304.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 569 m 362.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 569 m 368.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 569 m 422.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 569 m 426.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 569 m 480.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 569 m 484.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 569 m 538.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 548 m 246.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 548 m 304.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 569 m 362.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 548 m 362.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 569 m 368.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 569 m 422.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 548 m 422.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 569 m 426.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 548 m 480.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 548 m 538.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 548 m 246.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 548 m 304.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 548 m 362.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 548 m 422.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 548 m 480.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 548 m 538.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 518 m 246.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 518 m 304.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 518 m 246.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 504 m 246.5 504 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 502 m 246.5 502 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 518 m 304.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 504 m 304.5 504 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 502 m 304.5 502 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.70 573.23 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 573.23 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 75 550.980078125 m 100.19140625 550.980078125 l s q 0 0 0 rg BT 75.00 552.23 Td (Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.00 552.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.00 552.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.95 552.23 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 346.95 555.86 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.40 552.23 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 412.52 555.86 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 560.23 Td (For) Tj ET Q q 0 0 0 rg BT 451.99 560.23 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.30 552.23 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 467.64 555.86 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.10 552.23 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 537.67 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 537.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 537.67 Td (1,991,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 537.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 537.67 Td (1,843,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 537.67 Td (9.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 537.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 537.67 Td (8.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 537.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 537.67 Td (\(9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 537.67 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 537.67 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 537.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 522.67 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.15 522.67 Td (4,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 522.67 Td (2,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 522.67 Td (23.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 522.67 Td (60.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 522.67 Td (\(7.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 522.67 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 522.67 Td (76.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 507.67 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 507.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 507.67 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 507.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 507.67 Td (1,846,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 507.67 Td (9.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 507.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 507.67 Td (8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 507.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 507.67 Td (\(9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 507.67 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 507.67 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 507.67 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.00 492.25 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 467.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 467.70 Td (In our U.K. operations, parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 319.63 467.70 Td (ganically by 1) Tj ET Q q 0 0 0 rg BT 375.91 467.70 Td (1.8%, while in our continental European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 455.70 Td (operations, parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 271.02 455.70 Td (ganically by 2.8%, resulting in net or) Tj ET Q q 0 0 0 rg BT 419.14 455.70 Td (ganic revenue growth of 9.2% over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 443.70 Td (the prior year) Tj ET Q q 0 0 0 rg BT 139.31 443.70 Td (. Our or) Tj ET Q q 0 0 0 rg BT 170.51 443.70 Td (ganic revenue growth in the U.K., which resulted from higher sales volumes, was composed of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 431.70 Td (7.5% increase in revenue from stores open more than 12 months and a 4.3% increase from revenue generated by 54 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 419.70 Td (branch openings since the beginning of the prior year through the one year anniversary of their respective opening ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 407.70 Td (dates. Or) Tj ET Q q 0 0 0 rg BT 121.92 407.70 Td (ganic revenue growth in our continental European operations was primarily due to the opening of a new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 395.70 Td (warehouse location in France in 2014 and, to a lesser extent, growth in our Belgian market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 374.90 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 374.90 Td (Acquisition related growth for the year) Tj ET Q q 0 0 0 rg BT 241.58 374.90 Td (-ended December 31, 2015 includes $158.1 million from our acquisitions of 18 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 362.90 Td (distribution companies in the Netherlands since the beginning of 2014 and the purchase of a salvage business in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 350.90 Td (Sweden through the one year anniversary of the acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 330.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 330.10 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 330.10 Td (, exchange rates reduced our revenue growth by $179.8 million, or9.7%, primarily due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 318.10 Td (the strengthening of the U.S. dollar against both the pound sterling and euro relative to 2014. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 297.30 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 297.30 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 240.92 297.30 Td ( increased $33.4 million, or 20%, to $200.6 million through the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 285.30 Td (December 31, 2015 compared to $167.2 million in the prior year) Tj ET Q q 0 0 0 rg BT 314.27 285.30 Td (. Our European Segment EBITDA) Tj ET Q q 0 0 0 rg BT 451.74 285.30 Td ( includes a negative year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 273.30 Td (over year impact of $15.7 million related to the translation of local currency results into U.S. dollars at lower exchange rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 261.30 Td (than those experienced during 2014. On a constant currency basis \(i.e. excluding the translation impact\), Segment EBITDA) Tj ET Q q 0 0 0 rg BT 549.75 261.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 249.30 Td (increased by $49.1 million, or 29.4%, compared to the prior year) Tj ET Q q 0 0 0 rg BT 314.82 249.30 Td (.Refer to the Foreign Currency Impact discussion within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 237.30 Td (Results of Operations - Consolidated section above for further detail regarding foreign currency impact on our results for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 225.30 Td (year ended December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 185.49 225.30 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 450.42 225.30 Td ( as a percentage of revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 213.30 Td (in our European segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 117.00 167.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 167.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 167.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 167.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.00 137.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 137.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 137.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 137.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 117.00 107.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 107.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 107.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 107.80 15.00 -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 455 167.79999999999995 m 515 167.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 167.79999999999995 m 515 167.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 107.79999999999995 m 515 107.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 93.79999999999995 m 515 93.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 91.79999999999995 m 515 91.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 91.79999999999995 m 515 91.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 93.79999999999995 m 515 93.79999999999995 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 119.5 170.78007812499993 m 144.69140625 170.78007812499993 l s q 0 0 0 rg BT 119.50 172.03 Td (Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.35 188.03 Td (Percentage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.05 180.03 Td (Total Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 172.03 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 157.47 Td (Segment EBITDA for the year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 157.47 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 157.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 142.47 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 127.47 Td (Change in gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 127.47 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 127.47 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.50 130.45 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 112.47 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.95 112.47 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 112.47 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.50 115.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 97.47 Td (Segment EBITDA for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 97.47 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 97.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 84.05 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.50 80.30 Td ( ) 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 31.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The increase in gross mar) Tj ET Q q 0 0 0 rg BT 188.56 742.10 Td (gin reflects improvement of 0.7% in our UK operations, primarily as a result of a reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (in product costs and an increase in supplier rebates, and 0.6% in our continental European operations as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (internalizing incremental gross mar) Tj ET Q q 0 0 0 rg BT 227.71 718.10 Td (gin from our 2014 acquisitions of seven Netherlands distributors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 697.30 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.30 Td (The increase in segment operating expenses reflects higher selling, general and administrative expenses of 0.5%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 685.30 Td (related to higher personnel costs to support the growth of the business, including our e-commerce business, in the UK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.30 Td (and continental Europe. Distribution costs improved over the prior year period by 0.2% due to internalizing previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 661.30 Td (outsourced delivery expenses as well as lower fuel costs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 628.50 Td (Specialty) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.50 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 610.50 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 610.50 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 610.50 Td (The following table summarizes the changes in third party revenue by category in our Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.50 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 548.00 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 548.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 518.00 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 518.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 518.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 518.00 54.00 -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 193.5 569 m 247.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 569 m 251.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 569 m 305.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 569 m 363.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 569 m 367.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 569 m 421.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 569 m 425.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 569 m 479.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 569 m 483.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 569 m 537.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 548 m 247.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 548 m 305.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 548 m 363.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 548 m 421.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 548 m 479.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 548 m 537.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 548 m 247.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 548 m 305.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 548 m 363.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 548 m 421.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 548 m 479.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 548 m 537.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 518 m 247.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 518 m 305.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 518 m 247.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 504 m 247.5 504 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 502 m 247.5 502 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 518 m 305.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 504 m 305.5 504 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 502 m 305.5 502 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.70 573.23 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 573.23 Td (Percentage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 76 550.980078125 m 107.109375 550.980078125 l s q 0 0 0 rg BT 76.00 552.23 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.00 552.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 552.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.95 552.23 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 347.95 555.86 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 552.23 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 411.52 555.86 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.70 560.23 Td (For) Tj ET Q q 0 0 0 rg BT 450.99 560.23 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.30 552.23 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 466.64 555.86 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.10 552.23 Td (Total Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 537.67 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 537.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 537.67 Td (1,051,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 537.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 537.67 Td (805,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 537.67 Td (7.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 537.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 537.67 Td (24.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 537.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 537.67 Td (\(1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 537.67 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 537.67 Td (30.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 537.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 522.67 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 522.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 522.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 522.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 522.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.30 522.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 522.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 522.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 507.67 Td (Total third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 507.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 507.67 Td (1,051,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 507.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 507.67 Td (805,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 507.67 Td (7.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 507.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 507.67 Td (24.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 507.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 507.67 Td (\(1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 507.67 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 507.67 Td (30.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 507.67 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 492.25 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 467.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 467.70 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 467.70 Td (ganic growth in Specialty parts and services revenue reflects increased sales volumes as a result of favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 455.70 Td (economic conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 434.90 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 434.90 Td (Acquisition related growth reflects the impact of two Specialty businesses acquired in the fourth quarter of 2014, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 422.90 Td (well as the acquisition of Coast on ) Tj ET Q q 0 0 0 rg BT 225.70 422.90 Td (August 19, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 402.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 402.10 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 402.10 Td (, exchange rates reduced our revenue growth by 1.9%, primarily due to the strengthening of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 390.10 Td (the U.S. dollar against the Canadian dollar in 2015 compared to the prior year) Tj ET Q q 0 0 0 rg BT 396.75 390.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 369.30 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 369.30 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 238.42 369.30 Td ( increased $27.1 million, or 34.1%, in 2015 compared to the prior year) Tj ET Q q 0 0 0 rg BT 520.02 369.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 348.50 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 348.50 Td ( as a percentage of revenue in our Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 336.50 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 293.00 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 293.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 293.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 293.00 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 263.00 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 263.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 263.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 263.00 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 233.00 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 233.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 233.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 233.00 15.00 -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 437 293 m 497 293 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 293 m 497 293 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 218 m 497 218 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 204 m 497 204 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 202 m 497 202 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 202 m 497 202 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 204 m 497 204 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 295.980078125 m 132.609375 295.980078125 l s q 0 0 0 rg BT 101.50 297.23 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 312.08 Td (Percentage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 304.08 Td (Total Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 296.08 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 282.67 Td (Segment EBITDA for the year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 282.67 Td (9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 282.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 267.67 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 252.67 Td (Change in gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 252.67 Td (\(1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 252.67 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 255.65 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 237.67 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 237.67 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 237.67 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 240.65 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 222.67 Td (Change in other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 222.67 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 222.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 207.67 Td (Segment EBITDA for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 207.67 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 207.67 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 194.25 Td (Note: In the table above, the sum of the individual percentages may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 172.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 172.50 Td (The decline in gross mar) Tj ET Q q 0 0 0 rg BT 184.68 172.50 Td (gin reflects a 0.7% increase in inventory costs, most of which we expect to be temporary as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 160.50 Td (integration plans are completed, and a decrease in gross mar) Tj ET Q q 0 0 0 rg BT 326.83 160.50 Td (gin of 0.4% due to unfavorable net customer pricing. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.50 Td (acquisition completed in the fourth quarter of 2014 of a supplier of parts for recreational vehicles resulted in a 0.4% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.50 Td (decline in gross mar) Tj ET Q q 0 0 0 rg BT 166.63 136.50 Td (gin compared to the prior year) Tj ET Q q 0 0 0 rg BT 287.42 136.50 Td (. Compared to our existing Specialty business, this acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 124.50 Td (realizes lower gross mar) Tj ET Q q 0 0 0 rg BT 183.28 124.50 Td (gins than our other specialty product sales. ) Tj ET Q q 0 0 0 rg BT 356.39 124.50 Td (These negative ef) Tj ET Q q 0 0 0 rg BT 426.73 124.50 Td (fects on gross mar) Tj ET Q q 0 0 0 rg BT 499.58 124.50 Td (gin were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.50 Td (partially of) Tj ET Q q 0 0 0 rg BT 129.97 112.50 Td (fset by a favorable mix ef) Tj ET Q q 0 0 0 rg BT 232.25 112.50 Td (fect of 0.2% resulting from a shift toward higher mar) Tj ET Q q 0 0 0 rg BT 444.22 112.50 Td (gin product lines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.50 Td (particularly truck and of) Tj ET Q q 0 0 0 rg BT 182.72 100.50 Td (f road products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 82.50 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 82.50 Td (Reflects a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.20 82.50 Td (0.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.03 82.50 Td ( reduction in selling, general and administrative expenses as a percentage of revenue related to \(i\) a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 70.50 Td (0.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.83 70.50 Td ( decline in personnel expenses as a percentage of revenue primarily as a result of integration syner) Tj ET Q q 0 0 0 rg BT 499.83 70.50 Td (gies and \(ii\) a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.50 Td (reduction in professional fees and advertising expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.82 58.50 Td (0.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 58.50 Td (. Distribution expenses decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 58.50 Td (0.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.83 58.50 Td ( due to \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 46.50 Td (favorable fuel pricing compared to the prior year of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.52 46.50 Td (0.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.35 46.50 Td (, \(ii\) logistics syner) Tj ET Q q 0 0 0 rg BT 392.38 46.50 Td (gies of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.82 46.50 Td (0.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 46.50 Td ( as we leverage our North ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (American distribution network for the delivery of specialty products, partially of) Tj ET Q q 0 0 0 rg BT 408.23 742.10 Td (fset by \(iii\) higher freight costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (0.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.83 730.10 Td ( driven by higher use of third party freight to handle increased volumes, as well as sales related to our October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (2014 acquisition of a supplier of parts for recreational vehicles and our 2015 acquisition of Coast, which are all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (shipped via third party carriers. ) 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 31.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 742.25 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 721.45 Td (The following table summarizes liquidity data as of the dates indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 683.95 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 683.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 683.95 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 683.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 653.95 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 653.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 653.95 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 653.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 623.95 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 623.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 623.95 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 623.95 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 356 683.95 m 414 683.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 683.95 m 478 683.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.25 696.18 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 688.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.25 696.18 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 688.18 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 673.62 Td (Cash and equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 673.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 673.62 Td (227,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 673.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 673.62 Td (87,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 658.62 Td (T) Tj ET Q q 0 0 0 rg BT 140.91 658.62 Td (otal debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 178.12 663.15 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 658.62 Td (3,365,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.10 658.62 Td (1,599,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 643.62 Td (Current maturities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.04 648.15 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 643.62 Td (68,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 643.62 Td (57,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 628.62 Td (Capacity under credit facilities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 261.00 633.15 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 628.62 Td (2,550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.10 628.62 Td (1,947,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 613.62 Td (A) Tj ET Q q 0 0 0 rg BT 141.98 613.62 Td (vailability under credit facilities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 272.49 618.15 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 613.62 Td (1,019,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.10 613.62 Td (1,337,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 596.62 Td (Total liquidity \(cash and equivalents plus availability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 586.62 Td (on credit facilities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 586.62 Td (1,246,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.10 586.62 Td (1,425,050) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 108.50 563.73 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.32 559.65 Td ( Debt amounts reflect the gross values to be repaid \(excluding debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.94 559.65 Td ($23.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.84 559.65 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.27 559.65 Td ($15.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 547.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.39 547.65 Td ( as of December 31, 2016 and 2015, respectively\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 108.50 528.18 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.08 523.65 Td ( Debt amounts reflect the gross values to be repaid \(excluding debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.70 523.65 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.59 523.65 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.03 523.65 Td ($1.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 511.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.39 511.65 Td ( as of December 31, 2016 and 2015, respectively\).) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 95.50 497.73 Td ( ) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 109.00 497.73 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.82 493.65 Td ( Includes our revolving credit facilities, our receivables securitization facility) Tj ET Q q 0 0 0 rg BT 423.38 493.65 Td (, and letters of credit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.65 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 475.65 Td (e assess our liquidity in terms of our ability to fund our operations and provide for expansion through both internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.65 Td (development and acquisitions. Our primary sources of liquidity are cash flows from operations and our credit facilities. ) Tj ET Q q 0 0 0 rg BT 528.85 463.65 Td (W) Tj ET Q q 0 0 0 rg BT 537.49 463.65 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.65 Td (utilize our cash flows from operations to fund working capital and capital expenditures, with the excess amounts going towards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.65 Td (funding acquisitions or paying down outstanding debt. ) Tj ET Q q 0 0 0 rg BT 269.98 439.65 Td (As we have pursued acquisitions as part of our growth strategy) Tj ET Q q 0 0 0 rg BT 520.94 439.65 Td (, our cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.65 Td (flows from operations have not always been suf) Tj ET Q q 0 0 0 rg BT 241.16 427.65 Td (ficient to cover our investing activities. ) Tj ET Q q 0 0 0 rg BT 400.10 427.65 Td (T) Tj ET Q q 0 0 0 rg BT 405.51 427.65 Td (o fund our acquisitions, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.65 Td (accessed various forms of debt financing, including revolving credit facilities, senior notes, and a receivables securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.65 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 403.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.65 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 385.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 385.65 Td (, we had debt outstanding and additional available sources of financing, as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 367.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 367.65 Td (Senior secured credit facilities maturing in January 2021, composed of term loans totaling $750 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 355.65 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.83 355.65 Td ($732.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.72 355.65 Td ( outstanding at December 31, 2016\) and $2.45 billion in revolving credit \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.77 355.65 Td ($1.36 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.88 355.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 343.65 Td (outstanding at December 31, 2016\), bearing interest at variable rates \(although a portion of this debt is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 331.65 Td (hedged through interest rate swap contracts\) reduced by $72.7 million of amounts outstanding under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 319.65 Td (letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 301.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 301.65 Td (Senior Notes totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.99 301.65 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.38 301.65 Td (, maturing in May 2023 and bearing interest at a 4.75% fixed rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 283.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 283.65 Td (Euro Notes totaling $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.32 283.65 Td (526 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.71 283.65 Td ( \(500 million\), maturing in ) Tj ET Q q 0 0 0 rg BT 354.59 283.65 Td (April 2024 and bearing interest at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 271.65 Td (3.875% fixed rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 253.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 253.65 Td (Receivables securitization facility with availability up to $100 million \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.26 253.65 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 253.65 Td ( outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 241.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.08 241.65 Td (\), maturing in November 2019 and bearing interest at variable commercial paper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 229.65 Td (rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 211.65 Td (From time to time, we may undertake financing transactions to increase our available liquidity) Tj ET Q q 0 0 0 rg BT 463.02 211.65 Td (, such as our January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.65 Td (2016 amendment to our senior secured credit facilities, the issuance of 500 million of Euro Notes in ) Tj ET Q q 0 0 0 rg BT 456.57 199.65 Td (April 2016, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.65 Td (November 2016 amendment to our receivables securitization facility) Tj ET Q q 0 0 0 rg BT 323.97 187.65 Td (. ) Tj ET Q q 0 0 0 rg BT 328.79 187.65 Td (The Rhiag acquisition was the catalyst for the ) Tj ET Q q 0 0 0 rg BT 513.75 187.65 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.65 Td (issuance of 500 million of Euro Notes. Given that Rhiag is a long term asset, we considered alternative financing options and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.65 Td (decided to fund a portion of this acquisition through the issuance of long term notes. ) Tj ET Q q 0 0 0 rg BT 389.38 163.65 Td (Additionally) Tj ET Q q 0 0 0 rg BT 439.28 163.65 Td (, the interest rates on Rhiag's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.65 Td (acquired debt ranged between 6.45% and 7.25%. ) Tj ET Q q 0 0 0 rg BT 248.08 151.65 Td (W) Tj ET Q q 0 0 0 rg BT 257.12 151.65 Td (ith the issuance of the 500 million of senior notes at a rate of 3.875%, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.65 Td (were able to replace Rhiag's borrowings with long term financing at favorable rates. ) Tj ET Q q 0 0 0 rg BT 388.17 139.65 Td (This refinancing also provides financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.65 Td (flexibility to execute our long-term growth strategy by freeing up availability under our revolver) Tj ET Q q 0 0 0 rg BT 435.16 127.65 Td (. If we see an attractive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.65 Td (acquisition opportunity) Tj ET Q q 0 0 0 rg BT 142.40 115.65 Td (, we have the ability to use our revolver to move quickly and have certainty of funding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 97.65 Td ( ) Tj ET Q q 0 0 0 rg BT 87.95 97.65 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 97.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.98 97.65 Td (, we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.33 97.65 Td ($1.02 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.45 97.65 Td (available under our credit facilities. Combined with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.65 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 85.65 Td ($227.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.15 85.65 Td (of cash and equivalents at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.45 85.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.03 85.65 Td (, we had approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.39 85.65 Td ($1.25 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 85.65 Td (in available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.65 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 73.65 Td (, a decrease of $178.5 million from our available liquidity as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.73 73.65 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.31 73.65 Td (. ) Tj ET Q q 0 0 0 rg BT 422.13 73.65 Td (W) Tj ET Q q 0 0 0 rg BT 430.77 73.65 Td (e expect to use the proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.65 Td (from the sale of PGW's glass manufacturing business to pay down borrowings under our revolving credit facilities, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.65 Td (would increase our available liquidity by approximately $310 million when the transaction closes. ) 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 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 742.10 Td (e believe that our current liquidity and cash expected to be generated by operating activities in future periods will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 730.10 Td (ficient to meet our current operating and capital requirements, although such sources may not be suf) Tj ET Q q 0 0 0 rg BT 462.29 730.10 Td (ficient for future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (acquisitions depending on their size. ) Tj ET Q q 0 0 0 rg BT 198.12 718.10 Td (While we believe that we have adequate capacity) Tj ET Q q 0 0 0 rg BT 394.31 718.10 Td (, from time to time we may need to raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (additional funds through public or private financing, strategic relationships or other arrangements. ) Tj ET Q q 0 0 0 rg BT 444.71 706.10 Td (There can be no assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (that additional funding, or refinancing of our credit facilities, if needed, will be available on terms attractive to us, or at all. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Furthermore, any additional equity financing may be dilutive to stockholders, and debt financing, if available, may involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (restrictive covenants or higher interest costs. Our failure to raise capital if and when needed could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (impact on our business, operating results, and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 640.10 Td (Borrowings under the credit agreement accrue interest at variable rates, which are tied to LIBOR or CDOR, depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (on the currency and the duration of the borrowing, plus an applicable mar) Tj ET Q q 0 0 0 rg BT 344.44 628.10 Td (gin rate which is subject to change quarterly based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (our reported leverage ratio. ) Tj ET Q q 0 0 0 rg BT 161.15 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.79 616.10 Td (e hold interest rate swaps to hedge the variable rates on a portion of our credit agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (borrowings, with the ef) Tj ET Q q 0 0 0 rg BT 143.13 604.10 Td (fect of fixing the interest rates on the respective notional amounts. In addition, in 2016, we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (cross currency swaps that contain an interest rate swap component and a foreign currency forward contract component that, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (when combined with related intercompany financing arrangements, ef) Tj ET Q q 0 0 0 rg BT 330.27 580.10 Td (fectively convert variable rate U.S. dollar) Tj ET Q q 0 0 0 rg BT 495.83 580.10 Td (-denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (borrowings into fixed rate euro-denominated borrowings. ) Tj ET Q q 0 0 0 rg BT 282.26 568.10 Td (These derivative transactions are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.18 568.10 Td (Note 10, "Derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 153.04 556.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.92 556.10 Td (" to the consolidated financial statements in Item 8 of this ) Tj ET Q q 0 0 0 rg BT 424.57 556.10 Td (Annual Report on Form 10-K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (After giving ef) Tj ET Q q 0 0 0 rg BT 109.24 544.10 Td (fect to these contracts, the weighted average interest rate on borrowings outstanding under our credit agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.72 532.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.30 532.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 532.10 Td (2.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.68 532.10 Td (. Including our senior notes and the borrowings on our receivables securitization program, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (overall weighted average interest rate on borrowings was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.03 520.10 Td (2.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.86 520.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.07 520.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.66 520.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td (Cash interest payments were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.19 502.10 Td ($86.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.08 502.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.46 502.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.04 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.54 502.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.12 502.10 Td (, including interest payments totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ($28.5 million related to our Senior Notes. In September 2016, we made our first semi-annual interest payment on our Euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Notes totaling 9.0 million \($10.1 million\); the remaining semi-annual interest payments on our Euro Notes will be made in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (October and ) Tj ET Q q 0 0 0 rg BT 101.09 466.10 Td (April each year) Tj ET Q q 0 0 0 rg BT 162.17 466.10 Td (. Cash interest payments in 2016 also included $8.0 million of interest paid as part of the settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (of Rhiag's acquired debt and $4.9 million to settle the acquired Rhiag interest rate swap in the first quarter of 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 436.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 436.10 Td (e had outstanding credit agreement borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.97 436.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.08 436.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.52 436.10 Td ($0.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.63 436.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.85 436.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.43 436.10 Td ( and 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 424.10 Td (. Of these amounts, $37.2 million and $22.5 million were classified as current maturities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.41 424.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 424.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (2015, respectively) Tj ET Q q 0 0 0 rg BT 122.66 412.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (The scheduled maturities of long-term obligations outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.61 394.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.20 394.10 Td ( are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 377.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 377.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 347.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 347.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 317.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 317.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 287.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 287.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 257.60 305.00 -35.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 272.6 m 458 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 272.6 m 458 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 258.6 m 458 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 256.6 m 458 256.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 368.17 Td (Years ending December 31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 353.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 352.27 Td (68,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 338.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 337.27 Td (42,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 323.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 322.27 Td (140,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 308.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 307.27 Td (39,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 293.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 292.27 Td (1,942,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 278.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 277.27 Td (1,132,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 262.27 Td (T) Tj ET Q q 0 0 0 rg BT 160.91 262.27 Td (otal debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.12 266.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 262.27 Td (3,365,687) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.50 251.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 247.27 Td ( ) Tj ET Q q 0 0 0 rg BT 165.40 247.27 Td (The total debt amounts presented above reflect the gross values to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 237.27 Td (repaid \(excluding debt issuance costs of $23.9 million as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 227.27 Td (2016\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 205.10 Td (Our credit agreement contains customary covenants that provide limitations and conditions on our ability to enter into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (certain transactions.) Tj ET Q q 0 0 0 rg BT 132.29 193.10 Td (The credit agreement also contains financial and af) Tj ET Q q 0 0 0 rg BT 336.18 193.10 Td (firmative covenants, including limitations on our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (leverage ratio and a minimum interest coverage ratio.) Tj ET Q q 0 0 0 rg BT 266.12 181.10 Td (W) Tj ET Q q 0 0 0 rg BT 274.76 181.10 Td (e were in compliance with all restrictive covenants under our credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (agreement as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 169.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.38 169.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 151.10 Td (As of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 151.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 151.10 Td (, the Company had cash and equivalents of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 151.10 Td ($227.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.04 151.10 Td (, of which $175.4 million was held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (by foreign subsidiaries. ) Tj ET Q q 0 0 0 rg BT 145.91 139.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.55 139.10 Td (e consider the undistributed earnings of these foreign subsidiaries to be indefinitely reinvested, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (accordingly no provision for U.S. income taxes has been provided thereon. Should these earnings be repatriated in the future, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (the form of dividends or otherwise, we would be subject to both U.S. income taxes \(subject to adjustment for foreign tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (credits\) and potential withholding taxes payable to the various foreign countries.) Tj ET Q q 0 0 0 rg BT 374.17 103.10 Td (W) Tj ET Q q 0 0 0 rg BT 382.81 103.10 Td (e believe that we have suf) Tj ET Q q 0 0 0 rg BT 486.20 103.10 Td (ficient cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (and liquidity to meet our financial obligations in the U.S. without resorting to repatriation of foreign earnings. ) 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 31.60 Td (50) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 742.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 742.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 742.25 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 742.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 742.25 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (The procurement of inventory is the lar) Tj ET Q q 0 0 0 rg BT 242.99 724.25 Td (gest operating use of our funds. ) Tj ET Q q 0 0 0 rg BT 371.39 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 380.03 724.25 Td (e normally pay for aftermarket product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (purchases at the time of shipment or on standard payment terms, depending on the manufacturer and the negotiated payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 77.04 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.67 700.25 Td (e normally pay for salvage vehicles acquired at salvage auctions and under direct procurement arrangements at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (time that we take possession of the vehicles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.25 Td (The following table sets forth a summary of our aftermarket inventory procurement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.72 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.72 670.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.16 670.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.16 670.25 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 92.00 623.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 623.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 623.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 623.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 92.00 593.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 593.75 19.00 -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 297 638.75 m 362 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 638.75 m 366 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 638.75 m 431 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 638.75 m 435 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 638.75 m 500 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 623.75 m 362 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 623.75 m 431 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 623.75 m 500 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 623.75 m 362 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 623.75 m 431 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 578.75 m 362 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 578.75 m 431 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 578.75 m 500 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 564.75 m 362 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 562.75 m 362 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 564.75 m 431 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 562.75 m 431 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 564.75 m 500 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 562.75 m 500 562.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.70 642.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.00 627.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 627.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.85 627.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 613.42 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 613.42 Td (1,198,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 613.42 Td (1,023,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 613.42 Td (175,156) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.20 618.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 598.42 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 598.42 Td (2,012,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 598.42 Td (1,143,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 598.42 Td (869,136) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.20 603.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 583.42 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 583.42 Td (934,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 583.42 Td (776,611) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 583.42 Td (157,508) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.20 588.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 568.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 568.42 Td (4,145,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 568.42 Td (2,943,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 568.42 Td (1,201,800) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 546.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 546.25 Td (In North ) Tj ET Q q 0 0 0 rg BT 122.11 546.25 Td (America, aftermarket purchases for the year increased primarily as a result of incremental purchases of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 534.25 Td ($140.7 million related to our ) Tj ET Q q 0 0 0 rg BT 202.65 534.25 Td (April 2016 acquisition of PGW) Tj ET Q q 0 0 0 rg BT 327.27 534.25 Td (. ) Tj ET Q q 0 0 0 rg BT 331.72 534.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 381.63 534.25 Td (, North ) Tj ET Q q 0 0 0 rg BT 411.90 534.25 Td (America aftermarket inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 522.25 Td (purchases increased as a result of our July 2015 acquisition of Parts Channel coupled with lower purchase levels in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 510.25 Td (first quarter of 2015 due to accelerated purchases in the fourth quarter of 2014 in anticipation of potential labor issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 498.25 Td (at ) Tj ET Q q 0 0 0 rg BT 95.54 498.25 Td (W) Tj ET Q q 0 0 0 rg BT 104.17 498.25 Td (est Coast ports in the United States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 480.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.25 Td (In our Europe segment, the increase in purchases was primarily due to our acquisition of Rhiag in March 2016, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 468.25 Td (added incremental purchases of $710.3 million during 2016. Purchases for our U.K. operations increased in 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 456.25 Td (compared to the prior year primarily as a result of 21 branch openings since the beginning of the prior year and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 444.25 Td (incremental inventory purchases to stock the ) Tj ET Q q 0 0 0 rg BT 266.87 444.25 Td (T) Tj ET Q q 0 0 0 rg BT 272.28 444.25 Td (amworth, England national distribution center) Tj ET Q q 0 0 0 rg BT 455.85 444.25 Td (. Purchases in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 432.25 Td (Netherlands operations increased as a result of or) Tj ET Q q 0 0 0 rg BT 282.69 432.25 Td (ganic and acquisition related growth. ) Tj ET Q q 0 0 0 rg BT 433.02 432.25 Td (These increases were partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 420.25 Td (of) Tj ET Q q 0 0 0 rg BT 94.15 420.25 Td (fset by the devaluation of the pound sterling in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 411.29 420.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 402.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 402.25 Td (The increase in Specialty aftermarket purchases was primarily due to \(i\) accelerated inventory purchases to stock two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 390.25 Td (new distribution centers during the first quarter of 2016, \(ii\) additional purchases to support the increased sales volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 378.25 Td (as a result of the Coast acquisition, and \(iii\) additional inventory purchases in 2016 due to stronger than anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 366.25 Td (sales volumes as a result of our annual trade shows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 348.25 Td (Manufacturing inventory purchases related to our discontinued operations totaled $397.5 million during 2016, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.25 Td (consisted of raw materials used in PGW's manufacturing and fabrication of automotive glass products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 318.25 Td (The following table sets forth a summary of our global salvage and self service procurement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.99 318.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.99 318.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.42 318.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.42 318.25 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 259.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 259.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 259.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 259.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 259.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 229.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 229.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 229.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 229.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 229.75 19.00 -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 291.5 274.75 m 356.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 274.75 m 356.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 259.75 m 356.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 274.75 m 360.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 274.75 m 425.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 259.75 m 425.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 274.75 m 429.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 274.75 m 494.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 259.75 m 494.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 259.75 m 356.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 259.75 m 425.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 259.75 m 494.5 259.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.20 278.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.50 263.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 263.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 263.98 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 249.42 Td (North America wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 249.42 Td (291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 249.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 249.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 249.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 234.42 Td (Europe wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 234.42 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 234.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 234.42 Td (15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 234.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 219.42 Td (Self Service and "crush only" cars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 219.42 Td (524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 219.42 Td (471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 219.42 Td (11.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 219.42 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 499.70 224.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 197.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 197.25 Td (Compared to the prior year period, we increased our purchase of lower cost self service and "crush only" cars as prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 185.25 Td (for vehicles have come down in certain markets due to the decline in the prices of scrap and other metals, allowing us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 173.25 Td (to purchase higher quality vehicles at favorable prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 155.25 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.12 155.25 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.33 155.25 Td ($635.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.22 155.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.68 155.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.26 155.25 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td ($90.7 million compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.59 143.25 Td ($544.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.49 143.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.26 143.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.26 143.25 Td (. During 2016, our glass manufacturing business, which was acquired in ) Tj ET Q q 0 0 0 rg BT 540.77 143.25 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (2016, generated $64.4 million of cash flows from operations from the acquisition date through year) Tj ET Q q 0 0 0 rg BT 447.48 131.25 Td (-end. ) Tj ET Q q 0 0 0 rg BT 470.06 131.25 Td (These operating cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (flows are expected to be nonrecurring as we plan to close the sale of this business in the first quarter of 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 101.25 Td (The remaining increase in cash provided by operating activities was attributable to our continuing operations. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (2016, our income from continuing operations increased by $32.9 million compared to the prior year due to both acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (related growth and or) Tj ET Q q 0 0 0 rg BT 135.62 77.25 Td (ganic growth. In addition, non-cash depreciation and amortization expense increased by $70.1 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (compared to the prior year) Tj ET Q q 0 0 0 rg BT 155.66 65.25 Td (, primarily as a result of our Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 334.89 65.25 Td ( acquisitions. Cash paid for taxes for our continuing ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (operations increased by$37.0 millionduring 2016 compared to the prior year as a result of growth in the business, primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (related to our Rhiag acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (Cash outflows for our primary working capital accounts \(receivables, inventory and payables\) totaled $1) Tj ET Q q 0 0 0 rg BT 503.83 712.10 Td (15.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (millionduring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 700.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 700.10 Td ( compared to $72.7 millionduring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.70 700.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.70 700.10 Td (. Cash flows related to our primary working capital accounts can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (volatile as the purchases, payments and collections can be timed dif) Tj ET Q q 0 0 0 rg BT 320.57 688.10 Td (ferently from period to period and can be influenced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (factors outside of our control. However) Tj ET Q q 0 0 0 rg BT 207.33 676.10 Td (, we expect that the net change in these working capital items will generally be a cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (outflow as we grow our business each year) Tj ET Q q 0 0 0 rg BT 221.34 664.10 Td (.Cash outflows related to receivables were$80.2 millionhigher in 2016 than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (prior year) Tj ET Q q 0 0 0 rg BT 88.59 652.10 Td (. ) Tj ET Q q 0 0 0 rg BT 93.41 652.10 Td (The increase in accounts receivable is primarily related to our U.K. operations as a result of increased sales; the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (remaining increase primarily related to our Specialty operations, which experienced lar) Tj ET Q q 0 0 0 rg BT 398.29 640.10 Td (ger growth in receivables balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (during 2016 than the prior year period from or) Tj ET Q q 0 0 0 rg BT 235.32 628.10 Td (ganic and acquisition revenue growth. Compared to the prior year) Tj ET Q q 0 0 0 rg BT 498.17 628.10 Td (, cash outflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (related to inventory declined $16.6 million, primarily a result of our North ) Tj ET Q q 0 0 0 rg BT 349.38 616.10 Td (America and Specialty operations. ) Tj ET Q q 0 0 0 rg BT 489.42 616.10 Td (This was partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 604.10 Td (fset by inventory growth in our U.K. operations as a result of incremental inventory purchases to stock new branches and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 592.10 Td (amworth, England national distribution center) Tj ET Q q 0 0 0 rg BT 238.98 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 243.43 592.10 Td (Accounts payable represented a $17.0 million cash inflow in 2016 compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (a $4.2 million cash outflow in the prior year) Tj ET Q q 0 0 0 rg BT 225.80 580.10 Td (. ) Tj ET Q q 0 0 0 rg BT 230.62 580.10 Td (The increase is primarily related to a rise in the payables balance in our U.K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (operations, partially of) Tj ET Q q 0 0 0 rg BT 140.63 568.10 Td (fset by a decline in the payables balance in our North ) Tj ET Q q 0 0 0 rg BT 355.27 568.10 Td (America and Rhiag operations due to the timing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.58 538.10 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.79 538.10 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.90 538.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.37 538.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.95 538.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 538.10 Td ($330.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 526.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.67 526.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.67 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.49 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.13 526.10 Td (e invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.89 526.10 Td ($1.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 526.10 Td ( of cash, net of cash acquired, in business acquisitions during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.89 526.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.89 526.10 Td (, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ($601.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 514.10 Td ( for our Rhiag acquisition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.09 514.10 Td ($661.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.98 514.10 Td ( for our PGW) Tj ET Q q 0 0 0 rg BT 344.51 514.10 Td ( acquisition, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.10 514.10 Td ($160.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.99 514.10 Td ( for business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (acquisitions in 2015. Property and equipment purchases were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 502.10 Td ($207.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.89 502.10 Td ( in the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.47 502.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.05 502.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ($170.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 490.10 Td ( in the prior year) Tj ET Q q 0 0 0 rg BT 174.98 490.10 Td (. Purchases of property and equipment increased over the prior period primarily as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td ($24.2 million of purchases in our discontinued operations and a $19.6 million increase in our North ) Tj ET Q q 0 0 0 rg BT 449.93 478.10 Td (America segment. In 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (we paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.88 466.10 Td ($185.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.77 466.10 Td ( for investments in unconsolidated subsidiaries, primarily related to our investment in Mekonomen; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (payments for investments in consolidated subsidiaries were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.22 454.10 Td ($9.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.12 454.10 Td ( in 2015. In 2016, we entered into foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (contracts to fund the purchase price of the Rhiag acquisition, which generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.06 442.10 Td ($18.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.95 442.10 Td (of gains; we had no such contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (in the prior year period.During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 430.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.02 430.10 Td (, cash provided by other investing activities, net was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.91 430.10 Td ($13.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 430.10 Td (, primarily from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (proceeds on the sale of our interest in our ) Tj ET Q q 0 0 0 rg BT 217.45 418.10 Td (Australian joint venture, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.63 418.10 Td ($10.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.52 418.10 Td ( in 2015 primarily as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (proceeds from disposals of fixed assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.10 Td (Net cash provided by financing activities totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.33 388.10 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.44 388.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.90 388.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.49 388.10 Td (, compared to net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (cash used in financing activities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.07 376.10 Td ($238.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.96 376.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.74 376.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.74 376.10 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.57 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.57 376.10 Td (, net borrowings under our credit facilities were$1.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (billioncompared to net repayments of$186.5 millionin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.63 364.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.63 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 301.45 364.10 Td (The increase in borrowings during 2016 is primarily the result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (borrowings under our multi-currency revolving credit facility in order to fund the acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 504.15 352.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (investment in Mekonomen and repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.35 340.10 Td ($543.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 340.10 Td ( of Rhiag acquired debt and debt related liabilities. ) Tj ET Q q 0 0 0 rg BT 465.00 340.10 Td (The increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (borrowings during 2016 also reflects our 2016 amendments of our credit facilities, which generated$338.5 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (additional term loan borrowings, a portion of which was used to repay outstanding revolver borrowings. In ) Tj ET Q q 0 0 0 rg BT 479.36 316.10 Td (April 2016, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (issued the Euro Notes, generating proceeds of$563.5 million. ) Tj ET Q q 0 0 0 rg BT 299.77 304.10 Td (The proceeds from the Euro Notes were used to repay a portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (of the borrowings on the revolving credit facility) Tj ET Q q 0 0 0 rg BT 244.58 292.10 Td (. In connection with our January and December 2016 amendments of our credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (facilities, our ) Tj ET Q q 0 0 0 rg BT 104.71 280.10 Td (April 2016 issuance of the Euro Notes, and our November 2016 amendment to our receivables securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 268.10 Td (, we paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.55 268.10 Td ($16.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.44 268.10 Td (of debt issuance costs during the2016; debt issuance costs incurred in the prior year were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (minimal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 238.10 Td (e intend to continue to evaluate markets for potential growth through the internal development of distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (centers, processing and sales facilities, and warehouses, through further integration of our facilities, and through selected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (business acquisitions. Our future liquidity and capital requirements will depend upon numerous factors, including the costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (timing of our internal development ef) Tj ET Q q 0 0 0 rg BT 200.05 202.10 Td (forts and the success of those ef) Tj ET Q q 0 0 0 rg BT 327.06 202.10 Td (forts, the costs and timing of expansion of our sales and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (marketing activities, and the costs and timing of future business acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td ( ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 742.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 742.25 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 742.25 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 742.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 742.25 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (The following table sets forth a summary of our aftermarket inventory procurement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.72 724.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.72 724.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.16 724.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.16 724.25 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 683.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 683.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 683.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 683.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 683.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 683.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 683.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 653.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 653.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 653.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 653.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 653.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 653.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 653.75 19.00 -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 291.5 698.75 m 356.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 698.75 m 360.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 698.75 m 425.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 698.75 m 429.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 698.75 m 494.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 698.75 m 356.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 683.75 m 356.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 698.75 m 425.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 683.75 m 425.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 683.75 m 494.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 638.75 m 494.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 638.75 m 356.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 624.75 m 356.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 622.75 m 356.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 638.75 m 425.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 624.75 m 425.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 622.75 m 425.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 638.75 m 494.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 624.75 m 494.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 622.75 m 494.5 622.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.20 702.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.50 687.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 687.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.35 687.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 673.42 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 673.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 673.42 Td (1,023,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 673.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 673.42 Td (985,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 673.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 673.42 Td (38,100) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 499.70 678.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 658.42 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 658.42 Td (1,143,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 658.42 Td (1,087,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 658.42 Td (56,648) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 499.70 663.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 643.42 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 643.42 Td (776,611) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 643.42 Td (612,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 643.42 Td (163,641) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 499.70 648.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 628.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 628.42 Td (2,943,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 628.42 Td (2,685,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 628.42 Td (258,389) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 606.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 606.25 Td (In North ) Tj ET Q q 0 0 0 rg BT 122.11 606.25 Td (America, we accelerated our aftermarket inventory purchases in the fourth quarter of 2014 in anticipation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 594.25 Td (potential labor issues at ) Tj ET Q q 0 0 0 rg BT 182.46 594.25 Td (W) Tj ET Q q 0 0 0 rg BT 191.10 594.25 Td (est Coast ports in the U.S., leading to growth in the year) Tj ET Q q 0 0 0 rg BT 415.31 594.25 Td (-end inventory balance. ) Tj ET Q q 0 0 0 rg BT 511.39 594.25 Td (As a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 582.25 Td (our aftermarket inventory purchases in the first half of 2015 fell below 2014 levels. During the second half of 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 570.25 Td (we increased our aftermarket inventory purchases above the prior year levels as a result of an increase in sales and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 558.25 Td (depletion of the inventory acquired in the fourth quarter of 2014. Our July 2015 acquisition of Parts Channel also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 546.25 Td (contributed to the increase in purchases in the second half of 2015. For the year ended December 31, 2015, our North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 534.25 Td (American purchases were $38.1 million higher than the prior year) Tj ET Q q 0 0 0 rg BT 349.25 534.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 516.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 516.25 Td (In our European segment, our acquisitions of the Netherlands distributors in 2014 and 2015 contributed incremental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 504.25 Td (inventory purchases of $49.4 million for the year ended December 31, 2015. Purchases for our U.K. operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 492.25 Td (increased in 2015 compared to the prior period primarily as a result of opening five new regional distribution centers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.25 Td (However) Tj ET Q q 0 0 0 rg BT 122.25 480.25 Td (, the greater purchase levels in Europe were partially of) Tj ET Q q 0 0 0 rg BT 343.64 480.25 Td (fset by the devaluation of the pound sterling and euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 468.25 Td (compared to the prior year period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 450.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 450.25 Td (The increase in Specialty aftermarket inventory purchases of $163.6 million during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 438.25 Td (2015, was related to accelerated inventory purchases to stock two new distribution centers, one of which opened in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.25 Td (late 2015 and one of which opened in the first quarter of 2016. Our ) Tj ET Q q 0 0 0 rg BT 356.21 426.25 Td (August 2015 acquisition of Coast and our October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 414.25 Td (2014 acquisition of a supplier of parts for recreational vehicles also contributed to the increase in purchases compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 402.25 Td (to the prior year period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 384.25 Td (The following table sets forth a summary of our global salvage and self service procurement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.99 384.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.99 384.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.42 384.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.42 384.25 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 325.75 230.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 325.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 325.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 325.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 325.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 295.75 230.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 295.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 295.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 295.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 295.75 19.00 -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 316.5 340.75 m 381.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 340.75 m 381.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 325.75 m 381.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 340.75 m 385.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 340.75 m 450.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 325.75 m 450.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 340.75 m 454.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 340.75 m 519.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 325.75 m 519.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 325.75 m 381.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 325.75 m 450.5 325.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.20 344.98 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.50 329.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 329.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.35 329.98 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 315.42 Td (North America wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 315.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 315.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.30 315.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 315.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 300.42 Td (Europe wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 300.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.40 300.42 Td (n/m) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 285.42 Td (Self Service and "crush only" cars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 285.42 Td (471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 285.42 Td (514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.45 285.42 Td (\(8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.30 285.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 263.25 Td (Net cash provided by operating activities totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.33 263.25 Td ($544.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.22 263.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.68 263.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.26 263.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td ($388.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 251.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.67 251.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.67 251.25 Td (. Compared to the prior year) Tj ET Q q 0 0 0 rg BT 254.57 251.25 Td (, our 2015 EBITDA) Tj ET Q q 0 0 0 rg BT 334.00 251.25 Td ( increased by $52.9 million, due to both acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (related growth and or) Tj ET Q q 0 0 0 rg BT 135.62 239.25 Td (ganic growth. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.04 239.25 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.41 239.25 Td (" to the consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 190.81 227.25 Td (Annual Report on Form 10-K for a reconciliation of EBITDA) Tj ET Q q 0 0 0 rg BT 437.70 227.25 Td ( to Net Income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 209.25 Td (Cash outflows for our primary working capital accounts \(receivables, inventory and payables\) totaled $72.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (millionduring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 197.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 197.25 Td ( compared to $189.8 millionduring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.70 197.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.70 197.25 Td (. In 2015, cash outflows for inventory totaled $83.2 million as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (result of inventory growth, particularly in our Specialty operations; cash outflows for inventory were $122.6 million in the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 173.25 Td (. ) Tj ET Q q 0 0 0 rg BT 71.10 173.25 Td (As discussed above, we increased our North ) Tj ET Q q 0 0 0 rg BT 249.95 173.25 Td (American aftermarket inventory purchases in the fourth quarter of 2014 in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (anticipation of port issues in the U.S., which resulted in a lar) Tj ET Q q 0 0 0 rg BT 291.99 161.25 Td (ger cash outflow in the prior year as compared to 2015. ) Tj ET Q q 0 0 0 rg BT 515.26 161.25 Td (Accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (receivable represented a cash inflow of $14.7 million in 2015 compared to a cash outflow of $61.7 million in 2014. In Europe, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (our Netherlands operations experienced a reduction in accounts receivable in 2015 as result of a higher rate of collections due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (to the implementation of an automatic payment program. In the prior year) Tj ET Q q 0 0 0 rg BT 345.06 125.25 Td (, receivables balances increased primarily as a result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (of increased sales levels in our U.K. operations. Cash flows related to our primary working capital accounts can be volatile as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (the purchases, payments and collections can be timed dif) Tj ET Q q 0 0 0 rg BT 277.25 101.25 Td (ferently from period to period and can be influenced by factors outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (of our control. However) Tj ET Q q 0 0 0 rg BT 146.24 89.25 Td (, we expect that the net change in these working capital items will generally be a cash outflow as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (grow our business each year) Tj ET Q q 0 0 0 rg BT 162.74 77.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 59.25 Td (Net cash used in investing activitiestotaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.79 59.25 Td ($330.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.68 59.25 Td (for the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.14 59.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.73 59.25 Td (, compared to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.93 59.25 Td ($921.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 47.25 Td (for the same period of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.19 47.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.19 47.25 Td (.W) Tj ET Q q 0 0 0 rg BT 203.33 47.25 Td (e invested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.09 47.25 Td ($160.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.99 47.25 Td (of cash, net of cash acquired, in business acquisitions during ) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 742.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.20 742.10 Td ($775.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.09 742.10 Td (for business acquisitions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.70 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.70 742.10 Td (, which included$427.1 millionfor our Keystone Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (acquisition. Property and equipment purchases were) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.33 730.10 Td ($170.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.22 730.10 Td (in the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 730.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.38 730.10 Td ( compared to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.08 730.10 Td ($141.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 718.10 Td (in the prior year) Tj ET Q q 0 0 0 rg BT 144.98 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 149.80 718.10 Td (The increase in capital expenditures relative to the prior year period reflects an increase of $33.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (million in our U.K. operations primarily due to costs incurred to develop and equip a new distribution center) Tj ET Q q 0 0 0 rg BT 483.52 706.10 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.35 706.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.35 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (cash provided by other investing activities, net was$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.89 694.10 Td (10.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.79 694.10 Td (and primarily consisted of proceeds from disposals of fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (assets totaling $10.7 million, partially of) Tj ET Q q 0 0 0 rg BT 211.74 682.10 Td (fset by payments of $9.7 million for investments in unconsolidated subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (including a $7.5 million payment to increase our investment in ) Tj ET Q q 0 0 0 rg BT 303.01 670.10 Td (ACM Parts. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.12 670.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.12 670.10 Td (, we paid $2.2 million for investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (in unconsolidated subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (Net cash provided by financing activitiestotaled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.33 640.10 Td ($238.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.22 640.10 Td (for the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.68 640.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.26 640.10 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 628.10 Td ($501.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.17 628.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.95 628.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.95 628.10 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.78 628.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.78 628.10 Td (, net repayments under our credit facilities were$186.5 millioncompared to net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (borrowings of$578.4 millionin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.55 616.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.55 616.10 Td (. Compared to the prior year period, our cash investment in acquisitions was lower) Tj ET Q q 0 0 0 rg BT 530.35 616.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (therefore, we used the excess cash generated by operations to repay outstanding amounts under our revolving credit facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (During 2014, we used the proceeds from the net borrowings primarily to fund acquisitions, including $370 million of revolver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (borrowings and $80 million of borrowings under our receivables facility to finance the Keystone Specialty acquisition. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (March 2014 amendment of our credit facilities generated $1) Tj ET Q q 0 0 0 rg BT 290.09 568.10 Td (1.3 million in additional term loan borrowings, which were used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (pay $3.7 million in debt issuance costs related to the amendment, as well as to repay outstanding revolver borrowings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (2014, we made a payment of $44.8 million \($39.5 million included in financing cash flows and $5.3 million included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (operating cash flows\) for the final earnout period under the contingent payment agreement related to our 201) Tj ET Q q 0 0 0 rg BT 485.03 532.10 Td (1 ECP) Tj ET Q q 0 0 0 rg BT 510.50 532.10 Td ( acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Cash generated from exercises of stock options provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.38 520.10 Td ($8.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.27 520.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.71 520.10 Td ($9.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.60 520.10 Td (in theyears ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.07 520.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.66 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 508.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 508.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 139.60 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.42 508.10 Td (The excess tax benefit from share-based payment arrangements reduced income taxes payable by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.20 508.10 Td ($14.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 496.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 496.10 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 496.10 Td (in theyears ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.69 496.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.28 496.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.71 496.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.71 496.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 400.38 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 405.20 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 413.83 496.10 Td (e paid$7.6 million and $0.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (millionrelated to taxes for net share settlements of stock-based compensation in theyears ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.93 484.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.52 484.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.96 484.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.96 484.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 472.10 Td (. During theyear ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.29 472.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.88 472.10 Td (, we paid$12.6 millionrelated to the settlement of foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (forward contracts; no such payment occurred in 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 422.10 Td (Arrangements and Futur) Tj ET Q q 0 0 0 rg BT 237.03 422.10 Td (e Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 404.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 404.10 Td (e do not have any of) Tj ET Q q 0 0 0 rg BT 175.82 404.10 Td (f-balance sheet arrangements or undisclosed borrowings or debt that would be required to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (disclosed pursuant to Item303 of RegulationS-K under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 374.38 392.10 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 426.59 392.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 476.49 392.10 Td (, we do not have any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (synthetic leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 362.10 Td (The following table represents our future commitments under contractual obligations as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.34 362.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.92 362.10 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 312.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 312.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 312.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 312.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 312.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 312.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 282.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 282.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 282.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 282.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 282.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 282.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 252.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 252.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 252.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 252.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 252.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 252.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 222.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 222.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 222.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 222.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 222.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 222.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 222.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 222.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 222.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 222.60 50.00 -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 295.5 312.6 m 345.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 312.6 m 399.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 312.6 m 453.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 312.6 m 507.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 312.6 m 561.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 222.60000000000002 m 345.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 208.60000000000002 m 345.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 206.60000000000002 m 345.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 222.60000000000002 m 399.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 208.60000000000002 m 399.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 206.60000000000002 m 399.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 222.60000000000002 m 453.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 208.60000000000002 m 453.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 206.60000000000002 m 453.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 222.60000000000002 m 507.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 208.60000000000002 m 507.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 206.60000000000002 m 507.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 222.60000000000002 m 561.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 208.60000000000002 m 561.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 206.60000000000002 m 561.5 206.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.25 316.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.65 324.83 Td (Less than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 316.83 Td (1 ) Tj ET Q q 0 0 0 rg BT 368.90 316.83 Td (Y) Tj ET Q q 0 0 0 rg BT 373.79 316.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.25 316.83 Td (1-3 Years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.25 316.83 Td (3-5 Years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.95 324.83 Td (Mor) Tj ET Q q 0 0 0 rg BT 532.91 324.83 Td (e than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.55 316.83 Td (5 ) Tj ET Q q 0 0 0 rg BT 529.25 316.83 Td (Y) Tj ET Q q 0 0 0 rg BT 534.14 316.83 Td (ears) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 302.28 Td (Contractual obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 287.27 Td (Long-term debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.98 291.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 287.27 Td (3,897.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 287.27 Td (166.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 287.27 Td (380.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 287.27 Td (2,136.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 287.27 Td (1,214.5) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 52.00 279.20 100.81 -9.09 re f /GS0 gs q 0 0 0 rg BT 52.00 272.27 Td (Capital lease obligations ) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 152.81 283.73 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 152.81 276.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 272.27 Td (24.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 272.27 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 272.27 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 272.27 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 272.27 Td (13.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 257.27 Td (Operating leases ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.86 261.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 257.27 Td (1,184.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 257.27 Td (200.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 257.27 Td (305.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 257.27 Td (192.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 257.27 Td (486.2) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 52.00 249.20 85.54 -9.09 re f /GS0 gs q 0 0 0 rg BT 52.00 242.27 Td (Purchase obligations ) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 137.54 253.73 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.54 246.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 242.27 Td (344.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 242.27 Td (342.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 242.27 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 242.27 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 242.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 227.27 Td (Other long-term obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 166.15 231.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 227.27 Td (247.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 227.27 Td (142.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 227.27 Td (49.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 227.27 Td (14.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 227.27 Td (42.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 212.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 212.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 212.27 Td (5,699.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 212.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 212.27 Td (856.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 212.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 212.27 Td (741.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 212.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 212.27 Td (2,345.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 212.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 212.27 Td (1,756.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 197.27 Td (Note: This table only includes amounts related to continuing operations.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 175.10 Td (Our long-term debt under contractual obligations above includes interest of $546.0 million on the balances outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 163.10 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.66 163.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.24 163.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.06 163.10 Td (The long-term debt balance excludes debt issuances costs as these expenses have already ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 151.10 Td (been paid. Interest on our senior notes, notes payable, and other long-term debt is calculated based on the respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 139.10 Td (stated rates. Interest on our variable rate credit facilities is calculated based on the weighted average rates, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 127.10 Td (the impact of interest rate swaps through their respective expiration dates, in ef) Tj ET Q q 0 0 0 rg BT 401.54 127.10 Td (fect for each tranche of borrowings as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 115.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.83 115.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.41 115.10 Td (. Future estimated interest expense for the next year) Tj ET Q q 0 0 0 rg BT 381.88 115.10 Td (, one to three years, and three to five years is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 103.10 Td ($102.1 million, $201.0 million and $156.4 million, respectively) Tj ET Q q 0 0 0 rg BT 339.77 103.10 Td (. Estimated interest expense beyond five years is $86.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 91.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 73.10 Td (Interest on capital lease obligations of $10.6 million is included based on incremental borrowing or implied rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 61.10 Td (Future estimated interest expense for the next year) Tj ET Q q 0 0 0 rg BT 287.47 61.10 Td (, one to three years, and three to five years is $0.4 million, $0.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 49.10 Td (million and $0.6 million, respectively) Tj ET Q q 0 0 0 rg BT 235.88 49.10 Td (. Estimated interest expense beyond five years is $8.9 million.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The operating lease payments above do not include certain tax, insurance and maintenance costs, which are also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (required contractual obligations under our operating leases but are generally not fixed and can fluctuate from year to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (year) Tj ET Q q 0 0 0 rg BT 102.66 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 700.10 Td (Our purchase obligations include open purchase orders for aftermarket inventory) Tj ET Q q 0 0 0 rg BT 408.85 700.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 86.00 682.10 Td (Our other long-term obligations consist of estimated payments for our self insurance reserves of $77.6 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (outstanding letters of credit of $72.7 million, with the remaining $97.6 million representing primarily other asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (purchase commitments and payments for deferred compensation and pension plans.) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM7A. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 167.93 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 174.41 742.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 200.81 742.25 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 263.69 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 270.17 742.25 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 369.65 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 405.03 742.25 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 452.35 742.25 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.85 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.85 Td (e are exposed to market risks arising from adverse changes in:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 701.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 701.45 Td (foreign exchange rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 684.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 684.05 Td (interest rates; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 666.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 666.65 Td (commodity prices.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (For) Tj ET Q q 0 0 0 rg BT 64.63 643.25 Td (eign Exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 625.25 Td (Foreign currency fluctuations may impact the financial results we report for the portions of our business that operate in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (functional currencies other than the U.S. dollar) Tj ET Q q 0 0 0 rg BT 237.16 613.25 Td (. Our operations outside of the U.S. represented 39.1% and 32.8% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (revenue during 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 224.85 601.25 Td (. ) Tj ET Q q 0 0 0 rg BT 229.30 601.25 Td (An increase or decrease in the strength of the U.S. dollar against these currencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (by 10% would result in a 4% change in our consolidated revenue and a 3% change in our operating income for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (December31, 2016. See our Results of Operations discussion in Item 7 of this ) Tj ET Q q 0 0 0 rg BT 365.51 577.25 Td (Annual Report on Form 10-K for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (information regarding the impact of fluctuations in exchange rates on our year over year results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 547.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.90 547.25 Td (, we are exposed to foreign currency fluctuations with respect to the purchase of aftermarket products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (from foreign countries, primarily in Europe and ) Tj ET Q q 0 0 0 rg BT 242.72 535.25 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 265.87 535.25 Td (T) Tj ET Q q 0 0 0 rg BT 271.28 535.25 Td (o the extent that our inventory purchases are not denominated in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (functional currency of the purchasing location, we are exposed to exchange rate fluctuations. In several of our operations, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (purchase inventory from manufacturers in ) Tj ET Q q 0 0 0 rg BT 220.59 511.25 Td (T) Tj ET Q q 0 0 0 rg BT 226.00 511.25 Td (aiwan in U.S. dollars, which exposes us to fluctuations in the relationship between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (the local functional currency and the U.S. dollar) Tj ET Q q 0 0 0 rg BT 242.03 499.25 Td (, as well as fluctuations between the U.S. dollar and the ) Tj ET Q q 0 0 0 rg BT 466.24 499.25 Td (T) Tj ET Q q 0 0 0 rg BT 471.65 499.25 Td (aiwan dollar) Tj ET Q q 0 0 0 rg BT 520.80 499.25 Td (. ) Tj ET Q q 0 0 0 rg BT 525.62 499.25 Td (W) Tj ET Q q 0 0 0 rg BT 534.25 499.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (hedge our exposure to foreign currency fluctuations related to a portion of inventory purchases in our Europe operations, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (the notional amount and fair value of these foreign currency forward contracts at December31, 2016 were immaterial. ) Tj ET Q q 0 0 0 rg BT 526.29 475.25 Td (W) Tj ET Q q 0 0 0 rg BT 534.93 475.25 Td (e do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (not currently attempt to hedge foreign currency exposure related to our foreign currency denominated inventory purchases in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (our North ) Tj ET Q q 0 0 0 rg BT 91.11 451.25 Td (America operations, and we may not be able to pass on any price increases to our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.25 Td (Other than with respect to a portion of our foreign currency denominated inventory purchases, we do not hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (derivative contracts to hedge foreign currency risk. Our net investment in foreign operations is partially hedged by the foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (currency denominated borrowings we use to fund foreign acquisitions; however) Tj ET Q q 0 0 0 rg BT 369.23 409.25 Td (, our ability to use foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (denominated borrowings to finance our foreign operations may be limited based on local statutory tax laws. ) Tj ET Q q 0 0 0 rg BT 483.32 397.25 Td (W) Tj ET Q q 0 0 0 rg BT 491.95 397.25 Td (e have elected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (not to hedge the foreign currency risk related to the interest payments on foreign borrowings as we generate cash flows in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (local currencies that can be used to fund debt payments. ) Tj ET Q q 0 0 0 rg BT 275.76 373.25 Td (As of December31, 2016, we had outstanding borrowings of 500.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (million under our Euro Notes, and 1) Tj ET Q q 0 0 0 rg BT 199.33 361.25 Td (18.7 million, CAD $130.4 million, SEK 1) Tj ET Q q 0 0 0 rg BT 366.74 361.25 Td (16.0 million, and 1) Tj ET Q q 0 0 0 rg BT 447.20 361.25 Td (1.0 million under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (revolving credit facilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 325.85 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.07 325.85 Td (est Rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.85 Td (Our results of operations are exposed to changes in interest rates primarily with respect to borrowings under our credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.85 Td (facilities, where interest rates are tied to the prime rate, LIBOR or CDOR. ) Tj ET Q q 0 0 0 rg BT 348.61 295.85 Td (Therefore, we implemented a policy to manage our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.85 Td (exposure to variable interest rates on a portion of our outstanding variable rate debt instruments through the use of interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.85 Td (swap contracts. ) Tj ET Q q 0 0 0 rg BT 113.96 271.85 Td (These contracts convert a portion of our variable rate debt to fixed rate debt, matching the currency) Tj ET Q q 0 0 0 rg BT 510.09 271.85 Td (, ef) Tj ET Q q 0 0 0 rg BT 522.68 271.85 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.85 Td (dates and maturity dates to specific debt instruments. Net interest payments or receipts from interest rate swap contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.85 Td (included as adjustments to interest expense. ) Tj ET Q q 0 0 0 rg BT 226.90 247.85 Td (All of our interest rate swap contracts have been executed with banks that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.85 Td (believe are creditworthy \(W) Tj ET Q q 0 0 0 rg BT 161.64 235.85 Td (ells Far) Tj ET Q q 0 0 0 rg BT 191.18 235.85 Td (go Bank, N.A.; Bank of ) Tj ET Q q 0 0 0 rg BT 288.39 235.85 Td (America, N.A.; Citizens, N.A.; Fifth ) Tj ET Q q 0 0 0 rg BT 436.80 235.85 Td (Third Bank; HSBC Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.85 Td (USA, N.A; and Banco Bilbao ) Tj ET Q q 0 0 0 rg BT 171.20 223.85 Td (V) Tj ET Q q 0 0 0 rg BT 177.82 223.85 Td (izcaya ) Tj ET Q q 0 0 0 rg BT 205.30 223.85 Td (Ar) Tj ET Q q 0 0 0 rg BT 215.67 223.85 Td (gentaria, S.A.\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.85 Td (As of December31, 2016, we held ten interest rate swap contracts representing a total of $590 million of U.S. dollar) Tj ET Q q 0 0 0 rg BT 551.78 205.85 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.85 Td (denominated notional amount debt. Our interest rate swap contracts are designated as cash flow hedges and modify the variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.85 Td (rate nature of that portion of our variable rate debt. ) Tj ET Q q 0 0 0 rg BT 255.57 181.85 Td (These swaps have maturity dates ranging from January 2021 through June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.85 Td (2021. ) Tj ET Q q 0 0 0 rg BT 74.45 169.85 Td (As of December 31, 2016, the fair value of the interest rate swap contracts was an asset of $16.4 million. ) Tj ET Q q 0 0 0 rg BT 495.81 169.85 Td (The values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.85 Td (such contracts are subject to changes in interest rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 139.85 Td (In addition to these interest rate swaps, in 2016 we entered into three cross currency swap agreements for a total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.85 Td (notional amount of $422.4 million \(400 million\) with maturity dates in January 2021. ) Tj ET Q q 0 0 0 rg BT 398.95 127.85 Td (These cross currency swaps contain an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.85 Td (interest rate swap component and a foreign currency forward contract component that, combined with related intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.85 Td (financing arrangements, ef) Tj ET Q q 0 0 0 rg BT 156.71 103.85 Td (fectively convert variable rate U.S. dollar) Tj ET Q q 0 0 0 rg BT 322.28 103.85 Td (-denominated borrowings into fixed rate euro-denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.85 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 100.37 91.85 Td (The swaps are intended to eliminate uncertainty in cash flows in U.S. dollars and euros in connection with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.85 Td (intercompany financing arrangements. ) Tj ET Q q 0 0 0 rg BT 206.43 79.85 Td (The cross currency swaps were also executed with banks we believe are creditworthy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.85 Td (\(W) Tj ET Q q 0 0 0 rg BT 61.97 67.85 Td (ells Far) Tj ET Q q 0 0 0 rg BT 91.50 67.85 Td (go Bank, N.A.; Bank of ) Tj ET Q q 0 0 0 rg BT 188.72 67.85 Td (America, N.A.; and ) Tj ET Q q 0 0 0 rg BT 269.62 67.85 Td (The Bank of ) Tj ET Q q 0 0 0 rg BT 321.93 67.85 Td (T) Tj ET Q q 0 0 0 rg BT 327.34 67.85 Td (okyo-Mitsubishi UFJ, Ltd.\). ) Tj ET Q q 0 0 0 rg BT 441.80 67.85 Td (As of December 31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.85 Td (the fair value of the interest rate swap components of the cross currency swaps was an asset of $1.5 million, and the fair value ) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of the currency forward components was a liability of $3.1 million. ) Tj ET Q q 0 0 0 rg BT 323.64 742.10 Td (The values of these contracts are subject to changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (interest rates and foreign currency exchange rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 712.10 Td (In total, we had 48% of our variable rate debt under our credit facilities at fixed rates at December31, 2016 compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (to 29% atDecember31, 2015. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.35 700.10 Td (Note 9, "Long-T) Tj ET Q q 0 0 0 rg BT 257.22 700.10 Td (erm Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.93 700.10 Td (" and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.45 700.10 Td (Note 10, "Derivative Instruments and Hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.88 688.10 Td (" to the consolidated financial statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 351.79 688.10 Td (Annual Report on Form 10-K for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (At December31, 2016, we had $1.2 billion of variable rate debt that was not hedged. Using sensitivity analysis, a 100 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (basis point movement in interest rates would change interest expense by $1) Tj ET Q q 0 0 0 rg BT 350.94 646.10 Td (1.8 million over the next twelve months. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Commodity Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 610.10 Td (e are exposed to market risk related to price fluctuations in scrap metal and other metals.Market prices of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (metals af) Tj ET Q q 0 0 0 rg BT 86.19 598.10 Td (fect the amount that we pay for our inventory as well as the revenue that we generate from sales of these metals.) Tj ET Q q 0 0 0 rg BT 536.86 598.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (both our revenue and costs are af) Tj ET Q q 0 0 0 rg BT 181.99 586.10 Td (fected by the price fluctuations, we have a natural hedge against the changes.However) Tj ET Q q 0 0 0 rg BT 528.94 586.10 Td (, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (is typically a lag between the ef) Tj ET Q q 0 0 0 rg BT 176.44 574.10 Td (fect on our revenue from metal price fluctuations and inventory cost changes, and there is no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (guarantee that the vehicle costs will decrease at the same rate as the metal prices.) Tj ET Q q 0 0 0 rg BT 376.34 562.10 Td (Therefore, we can experience positive or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (negative gross mar) Tj ET Q q 0 0 0 rg BT 125.35 550.10 Td (gin ef) Tj ET Q q 0 0 0 rg BT 148.22 550.10 Td (fects in periods of rising or falling metals prices, particularly when such prices move rapidly) Tj ET Q q 0 0 0 rg BT 517.18 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 538.10 Td (, if market prices were to change at a greater rate than our vehicle acquisition costs, we could experience a positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (or negative ef) Tj ET Q q 0 0 0 rg BT 104.79 526.10 Td (fect on our operating mar) Tj ET Q q 0 0 0 rg BT 206.24 526.10 Td (gin. Scrap metal prices have increased 44% since the fourth quarter of 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.70 Td ( ) Tj ET Q endstream endobj 115 0 obj <><><><><><><><><><><><><><>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM8. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 178.12 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 192.11 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 198.59 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 249.44 742.25 Td (AND SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 341.20 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 355.29 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 362.14 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 378.34 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 384.27 742.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 709.25 Td (*****) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.55 691.25 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 252.10 691.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.59 691.25 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 324.98 691.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 338.97 691.25 Td (A) Tj ET Q q 0 0 0 rg BT 345.45 691.25 Td (TEMENTS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 659.75 m 561.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 659.75 m 561.5 659.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.45 664.43 Td (Page) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 649.43 Td (LKQ CORPORATION AND SUBSIDIARIES) Tj ET Q 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 52 633.0833984375 m 285.8427734375 633.0833984375 l s q 0 0 1 rg BT 52.00 634.42 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 217.24 634.42 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 52 618.0833984375 m 418.845703125 618.0833984375 l s q 0 0 1 rg BT 52.00 619.42 Td (Consolidated Statements of Income for the years ended December31, 2016, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 52 603.0833984375 m 484.109375 603.0833984375 l s q 0 0 1 rg BT 52.00 604.42 Td (Consolidated Statements of Comprehensive Income for the years ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 52 588.0833984375 m 310.2666015625 588.0833984375 l s q 0 0 1 rg BT 52.00 589.42 Td (Consolidated Balance Sheets as of December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 52 573.0833984375 m 431.921875 573.0833984375 l s q 0 0 1 rg BT 52.00 574.42 Td (Consolidated Statement of Cash Flows for the years ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 52 558.0833984375 m 472.0439453125 558.0833984375 l s q 0 0 1 rg BT 52.00 559.42 Td (Consolidated Statements of Stockholder's Equity for the years ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 52 543.0833984375 m 226.9755859375 543.0833984375 l s q 0 0 1 rg BT 52.00 544.42 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 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 548 633.0833984375 m 558 633.0833984375 l s q 0 0 1 rg BT 548.00 634.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 548 618.0833984375 m 558 618.0833984375 l s q 0 0 1 rg BT 548.00 619.42 Td (59) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 548 603.0833984375 m 558 603.0833984375 l s q 0 0 1 rg BT 548.00 604.42 Td (59) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 548 588.0833984375 m 558 588.0833984375 l s q 0 0 1 rg BT 548.00 589.42 Td (60) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 548 573.0833984375 m 558 573.0833984375 l s q 0 0 1 rg BT 548.00 574.42 Td (61) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 548 558.0833984375 m 558 558.0833984375 l s q 0 0 1 rg BT 548.00 559.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 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 548 543.0833984375 m 558 543.0833984375 l s q 0 0 1 rg BT 548.00 544.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.40 742.25 Td (REPOR) Tj ET Q q 0 0 0 rg BT 170.05 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.54 742.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 192.55 742.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 267.66 742.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 377.97 742.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 724.25 Td (o the Board of Directors and Stockholders of LKQ Corporation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 706.25 Td (e have audited the accompanying consolidated balance sheets of LKQ Corporation and subsidiaries \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td ("Company"\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.54 694.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.13 694.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.56 694.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.56 694.25 Td (, and the related consolidated statements of income, comprehensive income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (cash flows and stockholders' equity for each of the three years in the period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 682.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.88 682.25 Td (. Our audits also included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (the financial statement schedule listed in the Index at Item15. ) Tj ET Q q 0 0 0 rg BT 300.29 670.25 Td (These financial statements and financial statement schedule are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (the responsibility of the Company's management. Our responsibility is to express an opinion on the financial statements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (financial statement schedule based on our audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 628.25 Td (e conducted our audits in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 414.83 628.25 Td (Accounting Oversight Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (\(United States\). ) Tj ET Q q 0 0 0 rg BT 115.08 616.25 Td (Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (financial statements are free of material misstatement. ) Tj ET Q q 0 0 0 rg BT 268.24 604.25 Td (An audit includes examining, on a test basis, evidence supporting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (amounts and disclosures in the financial statements. ) Tj ET Q q 0 0 0 rg BT 259.40 592.25 Td (An audit also includes assessing the accounting principles used and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (significant estimates made by management, as well as evaluating the overall financial statement presentation. ) Tj ET Q q 0 0 0 rg BT 489.67 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 498.31 580.25 Td (e believe that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (our audits provide a reasonable basis for our opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (In our opinion, such consolidated financial statements present fairly) Tj ET Q q 0 0 0 rg BT 356.66 550.25 Td (, in all material respects, the financial position of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (LKQ Corporation and subsidiaries as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.19 538.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.78 538.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.21 538.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.21 538.25 Td (, and the results of their operations and their cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (for each of the three years in the period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.03 526.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.61 526.25 Td (, in conformity with accounting principles generally accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (in the United States of ) Tj ET Q q 0 0 0 rg BT 141.38 514.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 180.25 514.25 Td (Also, in our opinion, such financial statement schedule, when considered in relation to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (basic consolidated financial statements taken as a whole, presents fairly) Tj ET Q q 0 0 0 rg BT 335.92 502.25 Td (, in all material respects, the information set forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (therein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 472.25 Td (As described in Note 4 to the consolidated financial statements, ef) Tj ET Q q 0 0 0 rg BT 350.46 472.25 Td (fective January 1, 2016, the Company adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Accounting Standards Update No. 2016-09, "Improvements to Employee Share-Based Payment ) Tj ET Q q 0 0 0 rg BT 435.67 460.25 Td (Accounting.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 442.25 Td (e have also audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 403.44 442.25 Td (Accounting Oversight Board \(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (States\), the Company's internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.45 430.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.03 430.25 Td (, based on the criteria established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 107.69 418.25 Td (olIntegrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.33 418.25 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 417.75 418.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 491.16 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 496.91 418.25 Td (readway ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Commission and our report dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.37 406.25 Td (February27, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.97 406.25 Td ( expressed an unqualified opinion on the Company's internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (financial reporting.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 356.75 m 197.5 356.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 361.42 Td (/s/DELOITTE & TOUCHE LLP) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (Chicago, Illinois) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (February27, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 31.60 Td (The accompanying notes are an integral part of the consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 16.60 Td (59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.55 721.25 Td (Consolidated Statements of Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.00 709.25 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 334.61 709.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 355.82 709.25 Td (e data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 677.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 677.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 677.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 677.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 677.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 677.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 649.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 649.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 649.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 621.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 621.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 621.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 621.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 593.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 593.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 593.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 593.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 593.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 565.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 565.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 565.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 565.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 565.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 537.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 537.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 537.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 537.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 537.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 509.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 509.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 509.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 509.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 509.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 481.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 481.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 481.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 481.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 481.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 453.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 453.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 453.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 453.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 453.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 453.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 425.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 425.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 425.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 425.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 425.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 397.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 397.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 397.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 397.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 397.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 369.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 369.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 369.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 369.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 369.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 341.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 341.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 341.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 341.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 341.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 341.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 313.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 313.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 313.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 313.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 313.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 285.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 285.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 285.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 285.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 285.50 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 690.5 m 434.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 690.5 m 438.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 690.5 m 498.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 690.5 m 502.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 677.5 m 434.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 677.5 m 498.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 677.5 m 562.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 677.5 m 434.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 677.5 m 498.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 677.5 m 562.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 649.5 m 434.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 649.5 m 498.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 649.5 m 562.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 565.5 m 434.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 565.5 m 498.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 565.5 m 562.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 565.5 m 498.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 467.5 m 434.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 453.5 m 434.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 467.5 m 498.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 453.5 m 498.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 467.5 m 562.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 453.5 m 562.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 411.5 m 434.5 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 411.5 m 498.5 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 411.5 m 562.5 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 411.5 m 498.5 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 411.5 m 562.5 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 383.5 m 434.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 383.5 m 498.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 383.5 m 562.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 370.5 m 434.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 368.5 m 434.5 368.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 370.5 m 498.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 368.5 m 498.5 368.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 370.5 m 562.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 368.5 m 562.5 368.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 327.5 m 434.5 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 314.5 m 434.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 312.5 m 434.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 327.5 m 498.5 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 314.5 m 498.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 312.5 m 498.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 327.5 m 562.5 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 314.5 m 562.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 312.5 m 562.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 271.5 m 434.5 271.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 258.5 m 434.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 256.5 m 434.5 256.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 271.5 m 498.5 271.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 258.5 m 498.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 256.5 m 498.5 256.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 271.5 m 562.5 271.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 258.5 m 562.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 256.5 m 562.5 256.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 694.73 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 681.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 681.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 681.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 681.73 Td (2014) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 668.41 Td (Revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 668.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 668.06 Td (8,584,031) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 668.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 456.75 668.06 Td (7,192,633) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 668.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 668.06 Td (6,740,064) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 654.41 Td (Cost of goods sold) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 654.06 Td (5,232,328) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 456.75 654.06 Td (4,359,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 654.06 Td (4,088,151) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 640.41 Td (Gross margin) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 640.06 Td (3,351,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 456.75 640.06 Td (2,833,529) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 640.06 Td (2,651,913) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 626.41 Td (Facility and warehouse expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 626.06 Td (688,918) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 626.06 Td (556,041) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 626.06 Td (526,291) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 612.41 Td (Distribution expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 612.06 Td (683,812) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 612.06 Td (602,897) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 612.06 Td (577,341) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 598.41 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 598.06 Td (986,380) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 598.06 Td (828,333) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 598.06 Td (762,888) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 584.41 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 584.06 Td (37,762) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 584.06 Td (19,511) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 584.06 Td (14,806) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 570.41 Td (Depreciation and amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 570.06 Td (191,433) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 570.06 Td (122,120) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 570.06 Td (120,719) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 556.41 Td (Operating income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 556.06 Td (763,398) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 556.06 Td (704,627) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 556.06 Td (649,868) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 542.41 Td (Other expense \(income\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 528.41 Td (Interest expense) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 528.06 Td (88,263) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 528.06 Td (57,860) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 528.06 Td (64,542) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 514.41 Td (Loss on debt extinguishment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 514.06 Td (26,650) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 514.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.55 514.06 Td (324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 500.41 Td (Gain on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 500.06 Td (\(18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 500.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 500.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 500.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 486.41 Td (Gain on bargain purchase) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 486.06 Td (\(8,207) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 486.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 486.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 486.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 472.41 Td (Interest and other income, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 472.06 Td (\(2,247) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 472.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 472.06 Td (\(2,263) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 472.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 472.06 Td (\(2,886) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 472.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 458.41 Td (Total other expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 458.06 Td (86,117) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 458.06 Td (55,597) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 458.06 Td (61,980) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 444.41 Td (Income from continuing operations before provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 444.06 Td (677,281) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 444.06 Td (649,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 444.06 Td (587,888) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 430.41 Td (Provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 430.06 Td (220,566) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 430.06 Td (219,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 430.06 Td (204,264) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 416.41 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.35 416.06 Td (\(592) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 416.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 416.06 Td (\(6,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 416.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 416.06 Td (\(2,105) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 416.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 402.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 402.06 Td (456,123) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 402.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 402.06 Td (381,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 388.41 Td (Income from discontinued operations, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 388.06 Td (7,852) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 388.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 388.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 374.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 374.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 374.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 374.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 374.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 374.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 374.06 Td (381,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 360.41 Td (Basic earnings per share:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 346.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 346.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 346.06 Td (1.49) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 346.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 346.06 Td (1.39) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 346.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 346.06 Td (1.26) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 332.41 Td (Income from discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 332.06 Td (0.03) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 332.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 332.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 318.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 115.06 322.72 Td ( \(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 318.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 318.06 Td (1.51) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 318.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 318.06 Td (1.39) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 318.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 318.06 Td (1.26) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 304.41 Td (Diluted earnings per share:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 290.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 290.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 290.06 Td (1.47) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 290.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 290.06 Td (1.38) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 290.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 290.06 Td (1.25) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 276.41 Td (Income from discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 276.06 Td (0.03) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 276.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 276.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 262.41 Td (Net income ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 117.43 266.72 Td (\(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 262.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 262.06 Td (1.50) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 262.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 262.06 Td (1.38) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 262.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 262.06 Td (1.25) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 50.00 250.90 Td (\(1\) ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.74 246.60 Td (The sum of the individual earnings per share amounts may not equal the total due to rounding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 202.85 Td (Consolidated Statements of Compr) Tj ET Q q 0 0 0 rg BT 345.59 202.85 Td (ehensive Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 190.85 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 159.10 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 159.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 159.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 159.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 159.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 159.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 131.10 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 131.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 131.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 131.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 131.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 131.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 103.10 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 103.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 103.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 103.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 103.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 103.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 75.10 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 75.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 75.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 75.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 75.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 75.10 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 172.10000000000002 m 434.5 172.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 172.10000000000002 m 438.5 172.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 172.10000000000002 m 498.5 172.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 172.10000000000002 m 502.5 172.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 172.10000000000002 m 562.5 172.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 159.10000000000002 m 434.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 159.10000000000002 m 498.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 159.10000000000002 m 562.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 159.10000000000002 m 434.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 159.10000000000002 m 498.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 159.10000000000002 m 562.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 89.10000000000002 m 434.5 89.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 89.10000000000002 m 498.5 89.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 89.10000000000002 m 562.5 89.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 75.10000000000002 m 434.5 75.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 89.10000000000002 m 498.5 89.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 75.10000000000002 m 498.5 75.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 75.10000000000002 m 562.5 75.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 62.10000000000002 m 434.5 62.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 60.10000000000002 m 434.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 62.10000000000002 m 498.5 62.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 60.10000000000002 m 498.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 62.10000000000002 m 562.5 62.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 60.10000000000002 m 562.5 60.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 176.33 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 163.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 163.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 163.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 163.33 Td (2014) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 150.01 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 149.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 149.66 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 149.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 149.66 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 149.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 149.66 Td (381,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 136.01 Td (Other comprehensive \(loss\) income:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 122.01 Td (Foreign currency translation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.75 121.66 Td (\(175,639) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 121.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 121.66 Td (\(69,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 121.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 121.66 Td (\(51,979) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 121.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 108.01 Td (Net change in unrecognized gains/losses on derivative instruments, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 107.66 Td (9,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 107.66 Td (2,469) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 107.66 Td (2,195) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 94.01 Td (Net change in unrealized gains/losses on pension plans, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 93.66 Td (4,911) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 93.66 Td (2,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 93.66 Td (\(10,452) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 93.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 80.01 Td (Total other comprehensive loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.75 79.66 Td (\(161,705) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 79.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 79.66 Td (\(65,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 79.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 79.66 Td (\(60,236) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 79.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 66.01 Td (Total comprehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 65.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 65.66 Td (302,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 65.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 65.66 Td (357,978) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 65.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 65.66 Td (321,283) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 31.60 Td (The accompanying notes are an integral part of the consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 16.60 Td (60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.85 721.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.85 709.25 Td (\(In thousands, except shar) Tj ET Q q 0 0 0 rg BT 316.91 709.25 Td (e and per) Tj ET Q q 0 0 0 rg BT 356.73 709.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 377.94 709.25 Td (e data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 663.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 663.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 663.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 663.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 633.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 633.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 633.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 603.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 603.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 603.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 573.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 573.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 573.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 543.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 543.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 543.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 513.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 513.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 513.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 483.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 483.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 483.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 453.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 453.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 453.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 453.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 424.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 424.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 424.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 424.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 394.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 394.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 394.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 394.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 364.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 364.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 364.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 334.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 334.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 334.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 304.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 304.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 304.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 274.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 274.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 274.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 244.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 244.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 244.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.50 378.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 214.50 65.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 214.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 214.50 65.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 164.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 164.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 164.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 164.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 134.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 134.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 134.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 134.50 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 428.5 690.5 m 493.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 690.5 m 497.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 677.5 m 493.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 677.5 m 562.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 573.5 m 493.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 573.5 m 562.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 468.5 m 493.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 454.5 m 493.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 452.5 m 493.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 468.5 m 562.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 454.5 m 562.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 452.5 m 562.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 304.5 m 493.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 304.5 m 562.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 134.5 m 493.5 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 134.5 m 562.5 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 119.5 m 493.5 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 134.5 m 562.5 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 119.5 m 562.5 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 105.5 m 493.5 105.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 103.5 m 493.5 103.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 105.5 m 562.5 105.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 103.5 m 562.5 103.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 694.73 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 681.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 681.73 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.65 668.23 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 654.07 Td (Current Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 639.07 Td (Cash and equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 638.17 Td (227,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 638.17 Td (87,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 624.07 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 623.17 Td (860,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 623.17 Td (590,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 609.07 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 608.17 Td (1,935,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 608.17 Td (1,556,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 594.07 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 593.17 Td (87,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 593.17 Td (106,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 579.07 Td (Assets of discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 578.17 Td (456,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 578.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 564.07 Td (Total Current Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 563.17 Td (3,567,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 563.17 Td (2,340,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.07 Td (Property and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 548.17 Td (811,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 548.17 Td (696,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.07 Td (Intangible Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 519.07 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 518.17 Td (3,054,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 518.17 Td (2,319,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 504.07 Td (Other intangibles, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 503.17 Td (584,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 503.17 Td (215,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.07 Td (Equity Method Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 488.17 Td (183,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 488.17 Td (2,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.07 Td (Other Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 473.17 Td (101,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 473.17 Td (73,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 459.07 Td (Total Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 458.17 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 458.17 Td (5,647,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.25 444.23 Td (Liabilities and Stockholders Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 430.07 Td (Current Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 415.07 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 414.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 414.17 Td (633,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 414.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 414.17 Td (415,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 400.07 Td (Accrued expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 385.07 Td (Accrued payroll-related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 384.17 Td (118,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 384.17 Td (86,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 370.07 Td (Self-insurance reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 369.17 Td (39,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 369.17 Td (37,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 355.07 Td (Other accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 354.17 Td (169,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 354.17 Td (124,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.07 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 339.17 Td (37,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.17 Td (31,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 325.07 Td (Current portion of long-term obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 324.17 Td (66,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 324.17 Td (56,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 310.07 Td (Liabilities of discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 309.17 Td (145,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 309.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 295.07 Td (Total Current Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 294.17 Td (1,210,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 294.17 Td (751,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.07 Td (Long-Term Obligations, Excluding Current Portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 279.17 Td (3,275,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 279.17 Td (1,528,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 265.07 Td (Deferred Income Taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 264.17 Td (199,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 264.17 Td (127,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.07 Td (Other Noncurrent Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 249.17 Td (174,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 249.17 Td (125,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.07 Td (Commitments and Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 234.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 234.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 220.07 Td (Stockholders Equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 205.07 Td (Common stock, $0.01 par value, 1,000,000,000 shares authorized, 307,544,759 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 195.07 Td (305,574,384 shares issued and outstanding at December31, 2016 and 2015,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 185.07 Td (respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 184.17 Td (3,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 184.17 Td (3,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 170.07 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 169.17 Td (1,116,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 169.17 Td (1,090,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 155.07 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 154.17 Td (2,590,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 154.17 Td (2,126,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 140.07 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 139.22 Td (\(267,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 139.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 139.22 Td (\(105,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 139.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 125.07 Td (Total Stockholders' Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 124.17 Td (3,442,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 124.17 Td (3,114,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 110.07 Td (Total Liabilities and Stockholders Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 109.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 109.17 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 109.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 109.17 Td (5,647,837) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 31.60 Td (The accompanying notes are an integral part of the consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 16.60 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 279.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 306.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.80 721.25 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 709.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 679.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 679.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 679.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 679.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 679.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 657.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 657.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 657.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 657.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 657.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 657.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 635.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 635.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 635.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 635.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 635.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 613.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 613.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 613.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 613.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 613.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 613.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 591.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 591.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 591.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 591.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 591.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 569.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 569.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 569.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 569.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 569.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 547.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 547.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 547.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 547.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 547.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 525.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 525.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 525.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 525.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 525.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 503.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 503.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 503.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 503.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 503.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 481.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 481.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 481.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 481.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 481.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 459.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 459.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 459.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 459.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 459.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 437.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 437.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 437.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 437.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 437.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 415.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 415.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 415.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 415.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 415.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 393.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 393.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 393.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 393.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 393.50 55.00 -11.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 497.50 195.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 195.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 173.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 173.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 173.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 173.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 173.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 173.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 151.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 151.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 151.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 151.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 151.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 151.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 129.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 129.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 129.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 129.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 129.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 129.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 97.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 97.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 97.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 97.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 97.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 97.50 55.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 691.5 m 438.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 691.5 m 442.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 691.5 m 497.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 691.5 m 501.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 691.5 m 556.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 679.5 m 438.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 679.5 m 497.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 679.5 m 556.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 492.5 m 497.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 492.5 m 556.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 492.5 m 438.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 481.5 m 438.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 481.5 m 497.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 481.5 m 556.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 415.5 m 497.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 415.5 m 556.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 415.5 m 438.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 404.5 m 438.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 404.5 m 497.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 415.5 m 556.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 404.5 m 556.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 239.5 m 438.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 228.5 m 438.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 239.5 m 497.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 228.5 m 497.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 239.5 m 556.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 228.5 m 556.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 228.5 m 438.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 217.5 m 438.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 228.5 m 497.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 217.5 m 497.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 228.5 m 556.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 217.5 m 556.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 195.5 m 497.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 195.5 m 556.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 195.5 m 438.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 173.5 m 497.5 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 173.5 m 556.5 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 173.5 m 438.5 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 163.5 m 438.5 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 161.5 m 438.5 161.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 173.5 m 497.5 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 163.5 m 497.5 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 161.5 m 497.5 161.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 173.5 m 556.5 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 163.5 m 556.5 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 161.5 m 556.5 161.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.20 695.58 Td (Year Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 682.76 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.50 683.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 683.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 683.58 Td (2014) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 670.60 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 659.60 Td (Net income) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 386.00 659.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 659.60 Td (463,975) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 445.00 659.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 463.65 659.60 Td (423,223) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 504.00 659.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 659.60 Td (381,519) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 648.60 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 637.60 Td (Depreciation and amortization) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 637.60 Td (206,086) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 463.65 637.60 Td (128,192) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 637.60 Td (125,437) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 626.60 Td (Stock-based compensation expense) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 626.60 Td (22,472) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 626.60 Td (21,336) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 626.60 Td (22,021) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 615.60 Td (Loss on debt extinguishment) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 615.60 Td (26,650) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 615.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 538.95 615.60 Td (324) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 604.60 Td (Impairment on net assets of discontinued operations) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 604.60 Td (26,677) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 604.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 604.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 593.60 Td (Gain on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 593.60 Td (\(18,342) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 593.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 593.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 593.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 582.60 Td (Gain on bargain purchase) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 410.80 582.60 Td (\(8,207) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 582.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 582.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 582.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 571.60 Td (Deferred income taxes) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 571.60 Td (\(16,162) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 571.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 571.60 Td (22,388) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 531.95 571.60 Td (6,242) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 560.60 Td (Other) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 560.60 Td (19,550) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 472.95 560.60 Td (7,348) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 531.95 560.60 Td (6,269) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 549.60 Td (Changes in operating assets and liabilities, net of effects from acquisitions:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 113.00 538.60 Td (Receivables, net) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 538.60 Td (\(50,801) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 538.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 538.60 Td (14,704) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 524.20 538.60 Td (\(61,739) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 538.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 113.00 527.60 Td (Inventories) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 527.60 Td (\(64,114) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 527.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 465.20 527.60 Td (\(83,188) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 527.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 519.55 527.60 Td (\(122,590) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 527.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 113.00 516.60 Td (Prepaid income taxes/income taxes payable) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 516.60 Td (14,944) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 516.60 Td (17,474) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 516.60 Td (18,428) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 113.00 505.60 Td (Accounts payable) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 505.60 Td (18,577) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 469.85 505.60 Td (\(4,222) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 505.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 528.85 505.60 Td (\(5,474) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 505.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 113.00 494.60 Td (Other operating assets and liabilities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 410.80 494.60 Td (\(6,291) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 494.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 469.85 494.60 Td (\(2,973) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 494.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 494.60 Td (18,274) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 131.00 483.60 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 483.60 Td (635,014) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 463.65 483.60 Td (544,282) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 483.60 Td (388,711) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 472.60 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 461.60 Td (Purchases of property and equipment) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 401.50 461.60 Td (\(207,074) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 461.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 460.55 461.60 Td (\(170,490) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 461.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 519.55 461.60 Td (\(140,950) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 461.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 450.60 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 394.55 450.60 Td (\(1,349,339) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 450.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 460.55 450.60 Td (\(160,517) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 450.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 519.55 450.60 Td (\(775,921) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 450.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 439.60 Td (Investments in unconsolidated subsidiaries) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 401.50 439.60 Td (\(185,671) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 439.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 469.85 439.60 Td (\(9,682) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 439.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 528.85 439.60 Td (\(2,240) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 439.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 428.60 Td (Proceeds from foreign exchange contracts) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 428.60 Td (18,342) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 428.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 428.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 417.60 Td (Other investing activities, net) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 417.60 Td (13,814) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 417.60 Td (10,696) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 528.85 417.60 Td (\(1,883) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 417.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 406.60 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 394.55 406.60 Td (\(1,709,928) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 406.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 460.55 406.60 Td (\(329,993) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 406.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 519.55 406.60 Td (\(920,994) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 406.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 395.60 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 384.60 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 413.95 384.60 Td (7,963) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 472.95 384.60 Td (8,168) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 531.95 384.60 Td (9,324) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 373.60 Td (Taxes paid related to net share settlements of stock-based compensation awards) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 410.80 373.60 Td (\(4,438) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 373.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 469.85 373.60 Td (\(7,581) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 373.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 535.85 373.60 Td (\(443) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 373.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 362.60 Td (Debt issuance costs) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 362.60 Td (\(16,554) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 362.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 481.50 362.60 Td (\(97) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 362.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 528.85 362.60 Td (\(3,750) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 362.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 351.60 Td (Proceeds from issuance of Euro notes) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 351.60 Td (563,450) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 351.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 351.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 340.60 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 397.70 340.60 Td (2,636,596) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 463.65 340.60 Td (313,142) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 515.70 340.60 Td (1,587,644) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 329.60 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 394.55 329.60 Td (\(1,748,664) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 329.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 460.55 329.60 Td (\(445,282) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 329.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 512.60 329.60 Td (\(1,098,518) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 329.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 318.60 Td (Borrowings under term loans) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 318.60 Td (582,115) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 318.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 318.60 Td (11,250) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 307.60 Td (Repayments under term loans) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 401.50 307.60 Td (\(255,792) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 307.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 465.20 307.60 Td (\(22,500) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 307.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 524.20 307.60 Td (\(16,875) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 307.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 296.60 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 296.60 Td (106,400) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 472.95 296.60 Td (3,858) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 296.60 Td (95,050) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 285.60 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 285.60 Td (\(69,400) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 285.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 465.20 285.60 Td (\(35,758) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 285.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 535.85 285.60 Td (\(150) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 285.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 274.60 Td (Repayments of other debt, net) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 406.20 274.60 Td (\(31,156) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 274.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 465.20 274.60 Td (\(29,696) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 274.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 524.20 274.60 Td (\(40,051) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 274.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 263.60 Td (Payments of Rhiag debt and related payments) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 401.50 263.60 Td (\(543,347) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 263.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 263.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 263.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 252.60 Td (Payments of other obligations) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 410.80 252.60 Td (\(1,436) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 252.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 465.20 252.60 Td (\(22,791) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 252.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 524.20 252.60 Td (\(41,992) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 252.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 241.60 Td (Other financing activities, net) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 425.55 241.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 241.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 535.85 241.60 Td (\(300) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 241.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 89.00 230.60 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 397.70 230.60 Td (1,225,737) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 460.55 230.60 Td (\(238,537) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 230.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 230.60 Td (501,189) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 219.60 Td (Effect of exchange rate changes on cash and equivalents) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 410.80 219.60 Td (\(3,704) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 219.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 469.85 219.60 Td (\(2,960) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 219.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 528.85 219.60 Td (\(4,789) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 219.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 208.60 Td (Net increase \(decrease\) in cash and equivalents) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 208.60 Td (147,119) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 465.20 208.60 Td (\(27,208) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 493.90 208.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 524.20 208.60 Td (\(35,883) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 552.90 208.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 197.60 Td (Cash and equivalents, beginning of period) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 197.60 Td (87,397) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 463.65 197.60 Td (114,605) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 197.60 Td (150,488) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 186.60 Td (Cash and equivalents of continuing and discontinued operations, end of period) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 186.60 Td (234,516) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 186.60 Td (87,397) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 186.60 Td (114,605) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 175.60 Td (Less: Cash and equivalents of discontinued operations, end of period) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 410.80 175.60 Td (\(7,116) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 434.90 175.60 Td (\)) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 175.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 543.60 175.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 164.60 Td (Cash and equivalents, end of period) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 386.00 164.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 164.60 Td (227,400) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 445.00 164.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 164.60 Td (87,397) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 504.00 164.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 164.60 Td (114,605) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 153.60 Td (Supplemental disclosure of cash paid for:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 142.60 Td (Income taxes, net of refunds) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 386.00 142.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 142.60 Td (230,036) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 445.00 142.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 463.65 142.60 Td (180,126) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 504.00 142.60 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 522.65 142.60 Td (176,955) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 131.60 Td (Interest) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 131.60 Td (86,021) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 131.60 Td (54,917) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 131.60 Td (59,678) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 53.00 120.60 Td (Supplemental disclosure of noncash investing and financing activities:) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 109.55 Td (Notes payable and other financing obligations, including notes issued and debt) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 80.00 100.25 Td (assumed in connection with business acquisitions) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 404.65 102.05 Td (568,032) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 445.00 102.05 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 468.30 102.10 Td (28,348) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 504.00 102.05 Td ($) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 527.30 102.10 Td (96,258) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 88.60 Td (Non-cash property and equipment additions) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 409.25 88.60 Td (10,715) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 472.95 88.60 Td (8,846) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 531.95 88.60 Td (2,293) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 71.00 77.60 Td (Contingent consideration liabilities) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 425.55 77.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 484.60 77.60 Td () Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 531.95 77.60 Td (5,854) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 31.60 Td (The accompanying notes are an integral part of the consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 16.60 Td (62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.60 722.25 Td (Consolidated Statements of Stockholders) Tj ET Q q 0 0 0 rg BT 378.91 722.25 Td ( Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 710.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.50 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 670.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 670.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 670.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 670.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 670.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 670.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.50 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 640.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 640.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 640.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 640.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 640.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 640.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.50 164.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 610.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 610.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 610.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 610.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 610.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 610.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 610.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 610.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 610.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 610.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 610.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 570.50 164.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 570.50 52.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 570.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 570.50 52.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 570.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 570.50 52.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 570.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 570.50 52.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 570.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 570.50 60.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 570.50 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 570.50 60.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 510.50 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 510.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 510.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 510.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 510.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 510.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 510.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 510.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 510.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 510.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 510.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 510.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.50 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 480.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 480.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 480.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 480.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 480.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 480.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.50 164.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 432.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 432.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 432.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 432.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 432.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 432.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 432.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 432.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 432.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 432.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 432.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 392.50 164.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 392.50 52.00 -35.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 270.50 332.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 332.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 332.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 332.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 332.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 302.50 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 302.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 302.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 302.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 302.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 302.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 302.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 252.50 164.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 252.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 252.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 252.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 252.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 252.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 252.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 252.50 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 252.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 252.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 252.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 252.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 212.50 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 212.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 212.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 212.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 212.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 212.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 212.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 212.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 212.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 212.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 212.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 212.50 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 214.5 691.5 m 266.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 691.5 m 270.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 691.5 m 322.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 670.5 m 266.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 670.5 m 322.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 670.5 m 378.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 670.5 m 434.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 670.5 m 498.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.5 m 562.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 510.5 m 266.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 510.5 m 322.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 510.5 m 378.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 510.5 m 434.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 510.5 m 498.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 510.5 m 562.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 332.5 m 266.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 332.5 m 322.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 332.5 m 378.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 332.5 m 434.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.5 m 498.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 332.5 m 562.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 212.5 m 266.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 198.5 m 266.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 196.5 m 266.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 212.5 m 322.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 198.5 m 322.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 196.5 m 322.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 212.5 m 378.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 198.5 m 378.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 196.5 m 378.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 212.5 m 434.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 198.5 m 434.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 196.5 m 434.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 212.5 m 498.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 198.5 m 498.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 196.5 m 498.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 212.5 m 562.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 198.5 m 562.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 196.5 m 562.5 196.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 695.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.65 695.73 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.75 690.73 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.85 682.73 Td (Paid-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.55 674.73 Td (InCapital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.65 682.73 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.40 674.73 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.30 696.58 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.85 688.58 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.40 680.58 Td (Compr) Tj ET Q q 0 0 0 rg BT 465.70 680.58 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.85 672.63 Td (Income \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.25 690.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.65 682.73 Td (Stockholders') Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.40 674.73 Td (Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 674.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.50 682.73 Td (Shar) Tj ET Q q 0 0 0 rg BT 244.80 682.73 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.10 674.73 Td (Issued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.95 674.73 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 661.07 Td (BALANCE, January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 660.17 Td (300,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 660.17 Td (3,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 660.17 Td (1,006,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 660.17 Td (1,321,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 660.17 Td (20,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 660.17 Td (2,350,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 646.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 645.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 645.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 645.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.10 645.17 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 645.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 645.17 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 630.17 Td (Other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 630.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 630.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 630.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 630.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 630.22 Td (\(60,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 630.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 630.22 Td (\(60,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 630.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 616.07 Td (Restricted stock units vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 615.17 Td (975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 615.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.30 615.22 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 615.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 600.17 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 590.17 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 590.17 Td (22,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 590.17 Td (22,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 576.07 Td (Exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.15 575.17 Td (1,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 575.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 575.17 Td (9,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 575.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 575.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 575.17 Td (9,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 560.17 Td (Tax withholdings related to net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 550.17 Td (share settlements of stock-based) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 540.17 Td (compensation awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.30 540.17 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 540.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 540.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 540.22 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 540.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 540.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 540.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 540.22 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 540.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 525.17 Td (Excess tax benefit from stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 515.17 Td (based payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 515.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 515.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 515.17 Td (17,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 515.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 515.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 515.17 Td (17,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.07 Td (BALANCE, December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 500.17 Td (303,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 500.17 Td (3,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 500.17 Td (1,054,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 500.17 Td (1,703,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 500.22 Td (\(40,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 500.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 500.17 Td (2,720,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 486.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.10 485.17 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 485.17 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 471.07 Td (Other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 470.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 470.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 470.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 470.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 470.22 Td (\(65,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 470.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 470.22 Td (\(65,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 470.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 456.07 Td (Restricted stock units vested, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 446.07 Td (of shares withheld for employee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 436.07 Td (tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 437.17 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 437.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 437.22 Td (\(4,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 437.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 437.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 437.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 437.22 Td (\(4,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 437.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 423.07 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 413.07 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 412.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 412.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 412.17 Td (21,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 412.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 412.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 412.17 Td (21,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 398.07 Td (Exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.15 397.17 Td (1,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 397.17 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 397.17 Td (8,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 397.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 397.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 397.17 Td (8,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 383.07 Td (Tax withholdings related to net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 373.07 Td (share settlements of stock-based) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 363.07 Td (compensation awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.30 362.17 Td (\(144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 362.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.30 362.22 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 362.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 362.22 Td (\(3,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 362.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 362.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 362.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 362.22 Td (\(3,936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 362.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 348.07 Td (Excess tax benefit from stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 338.07 Td (based payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 337.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 337.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 337.17 Td (14,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 337.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 337.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 337.17 Td (14,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 323.07 Td (BALANCE, December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 322.17 Td (305,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 322.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 322.17 Td (3,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 322.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 322.17 Td (1,090,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 322.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 322.17 Td (2,126,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 322.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 322.22 Td (\(105,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 322.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 322.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 322.17 Td (3,114,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 308.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.10 307.17 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 307.17 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 293.07 Td (Other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 292.22 Td (\(161,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 292.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 292.22 Td (\(161,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 292.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 278.07 Td (Restricted stock units vested, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 268.07 Td (of shares withheld for employee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 258.07 Td (tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 257.17 Td (847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 257.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 257.22 Td (\(4,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 257.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 257.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 257.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 257.22 Td (\(4,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 257.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 243.07 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 233.07 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 232.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 232.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 232.17 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 232.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 232.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 232.17 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 218.07 Td (Exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.15 217.17 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 217.17 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 217.17 Td (7,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 217.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 217.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 217.17 Td (7,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 203.07 Td (BALANCE, December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 202.17 Td (307,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 202.17 Td (3,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 202.17 Td (1,116,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 202.17 Td (2,590,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 202.22 Td (\(267,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 202.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 202.17 Td (3,442,949) 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 31.60 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 742.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 725.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 725.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 725.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 725.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 725.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (Note 1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 701.25 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 683.25 Td (The financial statements presented in this report represent the consolidation of LKQ Corporation, a Delaware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.25 Td (corporation, and its subsidiaries. LKQ Corporation is a holding company and all operations are conducted by subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (When the terms "LKQ," "the Company) Tj ET Q q 0 0 0 rg BT 206.56 659.25 Td (," "we," "us," or "our" are used in this document, those terms refer to LKQ Corporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (and its consolidated subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 629.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 629.25 Td (e are the nation) Tj ET Q q 0 0 0 rg BT 158.77 629.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 175.53 629.25 Td (gest provider of alternative vehicle collision replacement products and a leading provider of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (alternative vehicle mechanical replacement products, with our sales, processing, and distribution facilities reaching most major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (markets in the United States and Canada. ) Tj ET Q q 0 0 0 rg BT 217.00 605.25 Td (W) Tj ET Q q 0 0 0 rg BT 225.63 605.25 Td (e are also a leading provider of alternative vehicle replacement and maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (products in the United Kingdom, the Benelux region of continental Europe, Italy and Eastern Europe. In addition to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (wholesale operations, we operate self service retail facilities across the U.S. that sell recycled automotive products from end of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (life vehicles. In total, we operate more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.04 569.25 Td (1,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.54 569.25 Td ( facilities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (Note 2. Business Combinations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 527.25 Td (On March 18, 2016, LKQ acquiredRhiag, a distributor of aftermarket spare parts for passenger cars and commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (vehicles in Italy) Tj ET Q q 0 0 0 rg BT 113.22 515.25 Td (, Czech Republic, Slovakia, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 313.91 515.25 Td (, Romania, Ukraine, Bulgaria, Poland and Spain. ) Tj ET Q q 0 0 0 rg BT 511.46 515.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (acquisition expanded LKQ's geographic presence in continental Europe. ) Tj ET Q q 0 0 0 rg BT 341.25 503.25 Td (W) Tj ET Q q 0 0 0 rg BT 349.88 503.25 Td (e believe the acquisition will generate potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (purchasing syner) Tj ET Q q 0 0 0 rg BT 117.86 491.25 Td (gies. ) Tj ET Q q 0 0 0 rg BT 138.78 491.25 Td (T) Tj ET Q q 0 0 0 rg BT 144.19 491.25 Td (otal acquisition date fair value of the consideration for our Rhiag acquisition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.49 491.25 Td (534.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.38 491.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 479.25 Td ($602.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.22 479.25 Td (\), composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.43 479.25 Td (533.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.32 479.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 479.25 Td ($601.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.04 479.25 Td (\) of cash paid \(net of cash acquired\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.03 479.25 Td (0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.92 479.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.75 479.25 Td ($0.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 467.25 Td (\) of intercompany balances considered to be ef) Tj ET Q q 0 0 0 rg BT 265.58 467.25 Td (fectively settled as part of the transaction. In addition, we assumed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (488.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 455.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 455.25 Td ($550.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.61 455.25 Td (\) of existing Rhiag debt as of the acquisition date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 437.25 Td (Related to the funding of the purchase price of the Rhiag acquisition, LKQ entered into foreign currency forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (contracts in March 2016 to acquire a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.21 425.25 Td (588 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.61 425.25 Td (. ) Tj ET Q q 0 0 0 rg BT 286.43 425.25 Td (The rates locked in under the foreign currency forwards were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (favorable to the spot rate on the settlement date, and as a result, these derivative contracts generated a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.27 413.25 Td ($18.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.16 413.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (during the year ended December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 222.81 401.25 Td (The gain on the foreign currency forwards was recorded in Gains on foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (exchange contracts - acquisition related on our consolidated statement of income for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.59 389.25 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.18 389.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.68 389.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.26 389.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 371.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 371.25 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.05 371.25 Td ($585.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.94 371.25 Td ( of goodwill related to our acquisition of Rhiag, which we do not expect to be deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (for income tax purposes. In the period between the acquisition date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.96 359.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.55 359.25 Td (, Rhiag, which is reported in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (Europe reportable segment, generated revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.07 347.25 Td ($854.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.96 347.25 Td ( and operating income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.43 347.25 Td ($25.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.32 347.25 Td (, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.19 347.25 Td ($10.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 335.25 Td ( of acquisition related costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 317.25 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 317.25 Td (April 21, 2016, LKQ acquired PGW) Tj ET Q q 0 0 0 rg BT 245.06 317.25 Td (. ) Tj ET Q q 0 0 0 rg BT 249.51 317.25 Td (At acquisition, PGW) Tj ET Q q 0 0 0 rg BT 335.89 317.25 Td (s business comprised wholesale and retail distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (services and automotive glass manufacturing. ) Tj ET Q q 0 0 0 rg BT 234.77 305.25 Td (The acquisition expanded our addressable market in North ) Tj ET Q q 0 0 0 rg BT 470.81 305.25 Td (America and globally) Tj ET Q q 0 0 0 rg BT 556.79 305.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 293.25 Td (, we believe the acquisition will create potential distribution syner) Tj ET Q q 0 0 0 rg BT 363.54 293.25 Td (gies with our existing network. ) Tj ET Q q 0 0 0 rg BT 490.00 293.25 Td (T) Tj ET Q q 0 0 0 rg BT 495.42 293.25 Td (otal acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (date fair value of the consideration for our PGW) Tj ET Q q 0 0 0 rg BT 243.64 281.25 Td ( acquisition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.57 281.25 Td ($661.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.46 281.25 Td (, consisting of cash paid \(net of cash acquired\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 269.25 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.05 269.25 Td ($205.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.94 269.25 Td ( of goodwill related to our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 347.66 269.25 Td (, of which we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.18 269.25 Td ($104.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.07 269.25 Td ( to be deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (for income tax purposes. In the period between the acquisition date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.96 257.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.55 257.25 Td (, PGW) Tj ET Q q 0 0 0 rg BT 443.59 257.25 Td ( generated revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.43 257.25 Td ($706.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 245.25 Td ( and operating income of ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 181.36 252.18 53.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 181.36 245.25 Td ($10.7 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 235.25 252.18 68.87 -9.09 re f /GS0 gs q 0 0 0 rg BT 235.25 245.25 Td (, which included ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 304.12 252.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 304.12 245.25 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 353.01 252.18 189.40 -9.09 re f /GS0 gs q 0 0 0 rg BT 353.01 245.25 Td ( of acquisition related costs. Of these amounts, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 240.18 58.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 233.25 Td ($498.2 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 108.89 240.18 300.04 -9.09 re f /GS0 gs q 0 0 0 rg BT 108.89 233.25 Td ( of revenue, net of intercompany sales to PGW's aftermarket business, and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 408.94 240.18 53.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 408.94 233.25 Td ($25.1 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 462.83 240.18 18.33 -9.09 re f /GS0 gs q 0 0 0 rg BT 462.83 233.25 Td ( of o) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.16 233.25 Td (perating income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (relate to the portion of the automotive glass manufacturing business classified as discontinued operations as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (2016. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.99 209.25 Td (Note 3, "Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.71 209.25 Td (" for further information. ) Tj ET Q q 0 0 0 rg BT 348.19 209.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.24 209.25 Td ($14.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.13 209.25 Td ( operating loss generated in 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (by the aftermarket portion of our PGW) Tj ET Q q 0 0 0 rg BT 205.88 197.25 Td ( operations primarily relates to incremental costs related to shared corporate expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (that are not expected to reoccur after the sale of the glass manufacturing business closes, a non-recurring inventory step-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (adjustment recorded upon acquisition, and higher cost products sourced from the glass manufacturing side of the business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (which reduced our gross mar) Tj ET Q q 0 0 0 rg BT 165.89 161.25 Td (gin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 143.25 Td (On October 4, 2016, we acquired substantially all of the business assets of ) Tj ET Q q 0 0 0 rg BT 385.11 143.25 Td (Andrew Page out of receivership. ) Tj ET Q q 0 0 0 rg BT 521.18 143.25 Td (Andrew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (Page is a distributor of aftermarket automotive parts in the United Kingdom, and the acquisition is subject to customary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (regulatory approval from the Competition and Markets ) Tj ET Q q 0 0 0 rg BT 271.89 119.25 Td (Authority in the U.K. ) Tj ET Q q 0 0 0 rg BT 360.03 119.25 Td (T) Tj ET Q q 0 0 0 rg BT 365.44 119.25 Td (otal acquisition date fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (consideration for our ) Tj ET Q q 0 0 0 rg BT 135.81 107.25 Td (Andrew Page acquisition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.89 107.25 Td (16.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.79 107.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.62 107.25 Td ($20.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.51 107.25 Td (\). In connection with the acquisition, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (recorded a gain on bar) Tj ET Q q 0 0 0 rg BT 139.22 95.25 Td (gain purchase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.80 95.25 Td ($8.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.69 95.25 Td (, which is recorded on a separate line in our consolidated statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (income for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.81 83.25 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.39 83.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.89 83.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.48 83.25 Td (. ) Tj ET Q q 0 0 0 rg BT 240.30 83.25 Td (W) Tj ET Q q 0 0 0 rg BT 248.94 83.25 Td (e believe that we were able to acquire the net assets of ) Tj ET Q q 0 0 0 rg BT 467.73 83.25 Td (Andrew Page for less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (than fair value as a result of \(i\) ) Tj ET Q q 0 0 0 rg BT 174.95 71.25 Td (Andrew Page's financial dif) Tj ET Q q 0 0 0 rg BT 285.70 71.25 Td (ficulties which put the company into receivership prior to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (acquisition and \(ii\) a motivated seller that desired to complete the sale in an expedient manner to ensure continuity of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.71 47.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.35 47.25 Td (e continue to evaluate the purchase price allocation, including the opening value of inventory) Tj ET Q q 0 0 0 rg BT 469.35 47.25 Td (, fixed assets, ) 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 31.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (intangible assets, accrued liabilities, and deferred taxes, which may require us to adjust the recorded gain. In the period between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the acquisition date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.19 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.78 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 230.22 730.10 Td (Andrew Page generated revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.21 730.10 Td ($38.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.10 730.10 Td ( and an operating loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.64 730.10 Td ($6.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 700.10 Td (In addition to our acquisitions of Rhiag, PGW) Tj ET Q q 0 0 0 rg BT 270.24 700.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 289.13 700.10 Td (Andrew Page, we acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.36 700.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.36 700.10 Td ( wholesale businesses in Europe and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.67 700.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.67 700.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (wholesale businesses in North ) Tj ET Q q 0 0 0 rg BT 172.76 688.10 Td (America during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.01 688.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.60 688.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.10 688.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.68 688.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.50 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 391.14 688.10 Td (e typically fund our acquisitions using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (borrowings under our credit facilities or other financing arrangements. ) Tj ET Q q 0 0 0 rg BT 334.17 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 339.58 676.10 Td (otal acquisition date fair value of the consideration for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (these acquisitions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 664.10 Td ($76.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.26 664.10 Td (, composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.14 664.10 Td ($67.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.03 664.10 Td ( of cash paid \(net of cash acquired\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.25 664.10 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.14 664.10 Td ( of notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.53 652.10 Td ($4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.42 652.10 Td ( of other purchase price obligations. During theyear ended December31, 2016, we recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.62 652.10 Td ($52.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 640.10 Td (of goodwill related to these acquisitions and immaterial adjustments to preliminary purchase price allocations related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (certain of our 2015 acquisitions. ) Tj ET Q q 0 0 0 rg BT 181.46 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.09 628.10 Td (e expect that substantially all of the goodwill recorded for these acquisitions will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (deductible for income tax purposes. In the period between the acquisition dates and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.01 616.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.59 616.10 Td (, these acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (generated revenue of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.34 604.10 Td ($35.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.23 604.10 Td (and operating income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.70 604.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.59 604.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.63 586.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.21 586.10 Td (, we completed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.53 586.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.53 586.10 Td ( acquisitions, including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.07 586.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.07 586.10 Td (wholesale businessesin North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (America,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.42 574.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.42 574.10 Td (wholesale businesses in Europe, a self service retail operation, and a specialty vehicle aftermarket business. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (wholesale business acquisitions in North ) Tj ET Q q 0 0 0 rg BT 214.71 562.10 Td (America included Parts Channel, an aftermarket collision parts distributor) Tj ET Q q 0 0 0 rg BT 509.90 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.72 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 523.36 562.10 Td (e also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (acquired Coast, a specialty aftermarket business that distributes replacement parts, supplies and accessories in North ) Tj ET Q q 0 0 0 rg BT 517.36 550.10 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (for the R) Tj ET Q q 0 0 0 rg BT 84.75 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 91.79 538.10 Td ( and outdoor recreation markets. Our European acquisitions included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.03 538.10 Td (1) Tj ET Q q 0 0 0 rg BT 374.66 538.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.66 538.10 Td (aftermarket parts distribution businesses in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (the Netherlands,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.03 526.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.03 526.10 Td (of which were former customers of and distributors for our Netherlands subsidiary) Tj ET Q q 0 0 0 rg BT 455.07 526.10 Td (, Sator) Tj ET Q q 0 0 0 rg BT 480.78 526.10 Td (, and were acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (with the objective of expanding our distribution network in the Netherlands. Our other acquisitions completed during theyear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 502.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 502.10 Td (enabled us to expand our geographic presence. ) Tj ET Q q 0 0 0 rg BT 346.65 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 352.06 502.10 Td (otal acquisition date fair value of the consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (for these acquisitions was$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.53 490.10 Td (187.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.42 490.10 Td (, composed of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 490.10 Td ($161.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.19 490.10 Td (of cash \(net of cash acquired\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.69 490.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.58 490.10 Td (of notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (payable,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.09 478.10 Td ($21.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 478.10 Td (of other purchase price obligations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.27 478.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.16 478.10 Td ( of pre-existing balances between us and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (acquired entities considered to be ef) Tj ET Q q 0 0 0 rg BT 193.93 466.10 Td (fectively settled as a result of the acquisitions. During theyear ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.45 466.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.03 466.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.64 454.10 Td ($92.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.53 454.10 Td (of goodwill related to these acquisitions and immaterial adjustments to preliminary purchase price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (allocations related to certain of our2014acquisitions. ) Tj ET Q q 0 0 0 rg BT 267.26 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 275.89 442.10 Td (e expect$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.43 442.10 Td (69.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.32 442.10 Td ( of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.36 442.10 Td ($92.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.26 442.10 Td (of goodwill recorded to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (deductible for income tax purposes. In the period between the acquisition dates and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.01 430.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.59 430.10 Td (, these acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (generated revenue of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.34 418.10 Td ($159.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.23 418.10 Td (and net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 418.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.04 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td (On January3, 2014, we completed our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 377.50 400.10 Td (, which is a leading distributor and marketer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (of specialty vehicle aftermarket equipment and accessories in North ) Tj ET Q q 0 0 0 rg BT 323.51 388.10 Td (America. ) Tj ET Q q 0 0 0 rg BT 362.75 388.10 Td (This acquisition enabled us to expand into new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (product lines and enter new markets. ) Tj ET Q q 0 0 0 rg BT 199.49 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.90 376.10 Td (otal acquisition date fair value of the consideration for our Keystone Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (acquisition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.43 364.10 Td ($471.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.33 364.10 Td (, composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.20 364.10 Td ($427.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.09 364.10 Td ( of cash \(net of cash acquired\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.59 364.10 Td ($31.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.48 364.10 Td ( of notes payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td ($13.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 352.10 Td ( of other purchase price obligations \(non-interest bearing\). ) Tj ET Q q 0 0 0 rg BT 339.46 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.10 352.10 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.51 352.10 Td ($237.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.41 352.10 Td ( of goodwill related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 184.04 340.10 Td (, which we do not expect to be deductible for income tax purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (In addition to our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 292.25 322.10 Td (, we made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.57 322.10 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.57 322.10 Td ( acquisitions during 2014, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.23 322.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.23 322.10 Td ( wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (businesses in North ) Tj ET Q q 0 0 0 rg BT 130.28 310.10 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.70 310.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.70 310.10 Td ( wholesale businesses in Europe, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.56 310.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.56 310.10 Td ( self service retail operations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.45 310.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.45 310.10 Td ( specialty vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (aftermarket businesses. Our European acquisitions included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.88 298.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.88 298.10 Td ( aftermarket parts distribution businesses in the Netherlands, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.54 298.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.54 298.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (which were customers of and distributors for our Netherlands subsidiary) Tj ET Q q 0 0 0 rg BT 339.00 286.10 Td (, Sator) Tj ET Q q 0 0 0 rg BT 364.56 286.10 Td (. Our European acquisitions were completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (with the objective of aligning our Netherlands and U.K. distribution models; our other acquisitions completed during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.18 274.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.88 262.10 Td ( December31, 2014 enabled us to expand in existing markets, introduce new product lines, and enter new markets. ) Tj ET Q q 0 0 0 rg BT 536.62 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 542.03 262.10 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (acquisition date fair value of the consideration for these additional acquisitions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.01 250.10 Td ($359.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.90 250.10 Td (, composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.78 250.10 Td ($334.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 238.10 Td ( of cash \(net of cash acquired\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.39 238.10 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.28 238.10 Td ( of notes payable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.31 238.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 238.10 Td ( of other purchase price obligations \(non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (interest bearing\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.25 226.10 Td ($5.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.14 226.10 Td ( for the estimated value of contingent payments to former owners \(with maximum potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (payments totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.88 214.10 Td ($8.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.77 214.10 Td (\), and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.04 214.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.93 214.10 Td ( of pre-existing balances between us and the acquired entities considered to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 202.10 Td (fectively settled as a result of the acquisitions. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.02 202.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.61 202.10 Td ( December31, 2014, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.33 202.10 Td ($178.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.22 202.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (goodwill related to these acquisitions and immaterial adjustments to preliminary purchase price allocations related to certain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (our 2013 acquisitions. ) Tj ET Q q 0 0 0 rg BT 140.92 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 149.56 178.10 Td (e expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.09 178.10 Td ($44.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.98 178.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.03 178.10 Td ($178.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.92 178.10 Td ( of goodwill recorded to be deductible for income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.10 Td (Our acquisitions are accounted for under the purchase method of accounting and are included in our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (financial statements from the dates of acquisition. ) Tj ET Q q 0 0 0 rg BT 251.43 136.10 Td (The purchase prices were allocated to the net assets acquired based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (estimated fair market values at the dates of acquisition. ) Tj ET Q q 0 0 0 rg BT 272.52 124.10 Td (The purchase price allocations for certain of our 2016 acquisitions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (preliminary as we are in the process of determining the following: 1\)valuation amounts for certain receivables, inventories and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (fixed assets acquired; 2\) valuation amounts for certain intangible assets acquired; 3\) the acquisition date fair value of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (liabilities assumed; and 4\)the final estimation of the tax basis of the entities acquired. ) Tj ET Q q 0 0 0 rg BT 395.84 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 404.48 88.10 Td (e have recorded preliminary estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (for certain of the items noted above and will record adjustments, if any) Tj ET Q q 0 0 0 rg BT 332.87 76.10 Td (, to the preliminary amounts upon finalization of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (valuations. From the date of our preliminary allocation for Rhiag in the first quarter of 2016 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.79 64.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.37 64.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (recorded adjustments based on our valuation procedures for our acquisition of Rhiag that resulted in the allocation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.42 52.10 Td ($154.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.92 52.10 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 31.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (million of goodwill to acquired assets, primarily intangible assets and property) Tj ET Q q 0 0 0 rg BT 364.01 742.10 Td (, plant and equipment. ) Tj ET Q q 0 0 0 rg BT 455.10 742.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 505.00 742.10 Td (, from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (date of our preliminary allocation for PGW) Tj ET Q q 0 0 0 rg BT 223.10 730.10 Td ( in the second quarter of 2016 through December31, 2016, we recorded adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (based on our valuation procedures that resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.54 718.10 Td ($21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 718.10 Td ( million increase to goodwill recorded for our PGW) Tj ET Q q 0 0 0 rg BT 488.03 718.10 Td ( acquisition; this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (was primarily attributable to a decline in the value allocated to property) Tj ET Q q 0 0 0 rg BT 335.63 706.10 Td (, plant and equipment, partially of) Tj ET Q q 0 0 0 rg BT 471.25 706.10 Td (fset by an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the value allocated to deferred taxes. ) Tj ET Q q 0 0 0 rg BT 198.91 694.10 Td (The income statement impact of these measurement period adjustments for PGW) Tj ET Q q 0 0 0 rg BT 523.63 694.10 Td ( that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (would have been recorded in previous periods if the adjustment had been recognized as of the acquisition date was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.24 682.10 Td ($4.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 670.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.66 670.10 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.55 670.10 Td ( was related to discontinued operations. ) Tj ET Q q 0 0 0 rg BT 331.16 670.10 Td (The income statement ef) Tj ET Q q 0 0 0 rg BT 429.55 670.10 Td (fect of the Rhiag measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (period adjustments that would have been recorded in previous reporting periods if the adjustment had been recognized as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (acquisition date was immaterial. ) Tj ET Q q 0 0 0 rg BT 181.72 646.10 Td (The balance sheet impact and income statement ef) Tj ET Q q 0 0 0 rg BT 382.84 646.10 Td (fect of other measurement-period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (adjustments recorded for acquisitions completed in prior periods was immaterial.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (The purchase price allocations for the acquisitions completed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.30 616.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 616.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.74 616.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.74 616.10 Td ( are as follows \(in thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 605.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 542.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 542.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 542.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 542.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 542.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 542.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 542.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 542.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 542.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 542.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 513.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 513.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 513.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 513.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 513.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 513.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 513.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 513.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 513.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 513.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 474.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 474.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 474.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 474.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 474.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 474.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 474.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 474.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 474.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 474.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 444.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 444.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 444.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 444.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 444.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 444.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 444.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 444.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 444.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 444.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 414.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 414.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 414.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 414.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 414.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 414.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 384.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 384.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 384.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 384.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 384.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 384.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 354.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 354.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 354.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 354.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 354.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 354.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 354.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 354.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 354.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 354.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 324.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 324.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 324.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 324.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 324.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 324.80 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 324.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 324.80 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 324.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 324.80 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 294.80 168.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 294.80 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 294.80 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 294.80 57.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 294.80 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 294.80 57.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 294.80 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 294.80 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 294.80 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 294.80 69.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 562.8 m 290 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 562.8 m 294 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 562.8 m 351 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 562.8 m 355 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 562.8 m 412 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 562.8 m 416 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 562.8 m 472 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 562.8 m 545 562.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 542.8 m 472 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 542.8 m 545 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 542.8 m 290 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 542.8 m 351 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 542.8 m 412 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 542.8 m 545 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 294.79999999999995 m 290 294.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 274.79999999999995 m 290 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 272.79999999999995 m 290 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 294.79999999999995 m 351 294.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 274.79999999999995 m 351 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 272.79999999999995 m 351 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 294.79999999999995 m 412 294.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 274.79999999999995 m 412 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 272.79999999999995 m 412 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 294.79999999999995 m 472 294.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 274.79999999999995 m 472 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 272.79999999999995 m 472 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 294.79999999999995 m 545 294.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 274.79999999999995 m 545 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 272.79999999999995 m 545 272.79999999999995 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 585.37 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.45 586.03 Td (Year Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.95 586.03 Td (Year Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.25 567.03 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.75 573.88 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.00 565.88 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 547.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.25 547.03 Td (Rhiag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.45 547.03 Td (PGW) Tj ET Q q 0 0 0 rg BT 327.41 547.03 Td ( ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 329.41 550.66 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.85 554.88 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.85 546.88 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 547.03 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.95 547.03 Td (All Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 533.37 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 532.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 532.47 Td (230,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 532.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 532.47 Td (136,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 532.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 532.47 Td (13,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 532.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 532.47 Td (380,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.50 532.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 532.47 Td (29,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 518.37 Td (Receivable reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 518.37 Td (\(28,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 518.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 518.42 Td (\(7,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 518.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 518.42 Td (\(794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 518.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 518.42 Td (\(36,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 518.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 518.42 Td (\(3,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 518.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 504.37 Td (Inventories ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.99 508.90 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 503.47 Td (239,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 503.47 Td (169,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 503.47 Td (62,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 503.47 Td (470,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 503.47 Td (79,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 489.37 Td (Prepaid expenses and other current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 479.37 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 479.47 Td (10,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 479.47 Td (42,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 479.47 Td (4,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 479.47 Td (57,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 479.47 Td (3,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 465.37 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 464.47 Td (56,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 464.47 Td (225,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 464.47 Td (17,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 464.47 Td (299,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 464.47 Td (11,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 450.37 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 449.47 Td (585,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 449.47 Td (205,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 449.47 Td (52,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 449.47 Td (842,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 449.47 Td (92,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 435.37 Td (Other intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 434.47 Td (429,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 434.47 Td (37,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 434.47 Td (2,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 434.47 Td (469,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 434.47 Td (9,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 420.37 Td (Other assets ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 119.60 424.90 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.65 419.47 Td (2,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 419.47 Td (57,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 419.52 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 419.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 419.47 Td (59,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 419.47 Td (5,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 405.37 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 404.47 Td (\(110,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 404.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 404.47 Td (17,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 404.52 Td (\(1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 404.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 404.52 Td (\(94,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 404.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 404.47 Td (4,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 390.37 Td (Current liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 389.47 Td (\(239,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 389.52 Td (\(168,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 389.52 Td (\(42,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 389.52 Td (\(450,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.30 389.52 Td (\(39,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 375.37 Td (Debt assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 374.47 Td (\(550,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 374.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 374.52 Td (\(4,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 374.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 374.52 Td (\(2,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 374.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 374.52 Td (\(557,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 374.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 374.52 Td (\(2,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 374.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 360.37 Td (Other noncurrent liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 359.47 Td (\(23,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 359.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 359.52 Td (\(50,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 359.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 359.52 Td (\(103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 359.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 359.52 Td (\(74,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 359.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 359.52 Td (\(2,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 359.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 345.37 Td (Other purchase price obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 344.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 344.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 344.52 Td (\(6,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 344.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.30 344.52 Td (\(6,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 344.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.30 344.52 Td (\(21,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 344.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 330.37 Td (Notes issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 329.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 329.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 329.52 Td (\(4,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 329.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.30 329.52 Td (\(4,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 329.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 329.52 Td (\(4,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 329.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 315.37 Td (Settlement of pre-existing balances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.80 314.47 Td (\(591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 314.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 314.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 314.52 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 314.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 314.52 Td (\(623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 314.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 314.52 Td (\(1,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 314.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 300.37 Td (Gain on bargain purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 299.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 299.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 299.52 Td (\(8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 299.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.30 299.52 Td (\(8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 299.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 299.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 285.37 Td (Cash used in acquisitions, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 275.42 Td (acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 278.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 278.47 Td (601,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 278.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 278.47 Td (661,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 278.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 278.47 Td (86,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 278.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 278.47 Td (1,349,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.50 278.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 278.47 Td (161,268) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 254.83 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 254.83 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 254.83 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 250.30 Td ( Includes both continuing and discontinued operations of PGW) Tj ET Q q 0 0 0 rg BT 344.84 250.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.30 Td ( ) Tj ET Q q 0 0 0 rg BT 59.00 232.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 236.83 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 232.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 232.30 Td (The PGW) Tj ET Q q 0 0 0 rg BT 135.98 232.30 Td ( inventory balance includes the impact of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.36 232.30 Td ($9.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.26 232.30 Td ( step-up adjustment to report the inventory at its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 220.30 Td (fair value.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 206.83 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 206.83 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 206.83 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 202.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 202.30 Td (The balance for PGW) Tj ET Q q 0 0 0 rg BT 183.18 202.30 Td ( includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 202.30 Td ($23.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.39 202.30 Td ( of investments in unconsolidated subsidiaries which relate to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 190.30 Td (discontinued portion of our PGW) Tj ET Q q 0 0 0 rg BT 192.69 190.30 Td ( operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.30 Td (The fair value of our intangible assets is based on a number of inputs including projections of future cash flows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.30 Td (assumed royalty rates and customer attrition rates, all of which are Level 3 inputs. ) Tj ET Q q 0 0 0 rg BT 380.27 160.30 Td (The fair value of our property and equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.30 Td (is determined using inputs such as market comparables and current replacement or reproduction costs of the asset, adjusted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.30 Td (physical, functional and economic factors; these adjustments to arrive at fair value are not observable in the market and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.30 Td (therefore, these inputs are considered to be Level 3 inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.30 Td (Other noncurrent liabilities recorded for our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 390.74 106.30 Td ( includes a liability for certain pension and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.30 Td (other post-retirement obligations we assumed with the acquisitions. ) Tj ET Q q 0 0 0 rg BT 321.89 94.30 Td (A) Tj ET Q q 0 0 0 rg BT 328.56 94.30 Td ( portion of PGW's liability for pension and post-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.30 Td (retirement obligations relates to the glass manufacturing operations business, which is classified as discontinued operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.30 Td (and is recorded within Liabilities of discontinued operations on our consolidated balance sheets; these amounts will be included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.30 Td (in the net assets disposed as part of the pending sale of the business, which we expect to occur in the first quarter of 2017. Due ) 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 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (to the immateriality of these plans, we have not provided the detailed disclosures otherwise prescribed by the accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (guidance on pensions and other post-retirement obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (The primary objectives of our acquisitions made during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.66 712.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.24 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.74 712.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.33 712.10 Td ( and the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (December 31, 2015 were to create economic value for our stockholders by enhancing our position as a leading source for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (alternative collision and mechanical repair products and to expand into other product lines and businesses that may benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (from our operating strengths. Our 2016 acquisition of Rhiag enabled us to expand our market presence in continental Europe. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 664.10 Td (e believe that our Rhiag acquisition will allow for syner) Tj ET Q q 0 0 0 rg BT 281.46 664.10 Td (gies within our European operations, most notably in procurement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (and these projected syner) Tj ET Q q 0 0 0 rg BT 151.17 652.10 Td (gies contributed to the goodwill recorded on the Rhiag acquisition. ) Tj ET Q q 0 0 0 rg BT 420.65 652.10 Td (The aftermarket glass distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (business of PGW) Tj ET Q q 0 0 0 rg BT 118.53 640.10 Td (, which is included within continuing operations, enabled us to enter into new product lines and increase the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (size of our addressable market. In addition, we believe that our PGW) Tj ET Q q 0 0 0 rg BT 326.12 628.10 Td ( acquisition will allow for distribution syner) Tj ET Q q 0 0 0 rg BT 502.03 628.10 Td (gies with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (existing network in North ) Tj ET Q q 0 0 0 rg BT 154.99 616.10 Td (America, which contributed to the goodwill recorded on the acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (Our 2014 acquisition of Keystone Specialty allowed us to enter into new product lines and increase the size of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (addressable market. In addition, the acquisition created logistics and administrative cost syner) Tj ET Q q 0 0 0 rg BT 425.54 586.10 Td (gies as well as cross-selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (opportunities, which contributed to the goodwill recorded on the Keystone Specialty acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td (When we identify potential acquisitions, we attempt to tar) Tj ET Q q 0 0 0 rg BT 317.70 556.10 Td (get companies with a leading market presence, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (experienced management team and workforce that provide a fit with our existing operations, and strong cash flows. For certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (of our acquisitions, we have identified cost savings and syner) Tj ET Q q 0 0 0 rg BT 295.32 532.10 Td (gies as a result of integrating the company with our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (business that provide additional value to the combined entity) Tj ET Q q 0 0 0 rg BT 292.63 520.10 Td (. In many cases, acquiring companies with these characteristics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (will result in purchase prices that include a significant amount of goodwill.) 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 31.60 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following pro forma summary presents the ef) Tj ET Q q 0 0 0 rg BT 284.93 742.10 Td (fect of the businesses acquired during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.02 742.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 730.10 Td ( as though the businesses had been acquired as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.95 730.10 Td (January1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.54 730.10 Td (, the businesses acquired during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 718.10 Td ( as though they had been acquired as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.81 718.10 Td (January1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.41 718.10 Td ( and the businesses acquired during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 706.10 Td ( as though they had been acquired as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.81 706.10 Td (January1, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.41 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.23 706.10 Td (The pro forma adjustments are based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (unaudited financial information of the acquired entities \(in thousands, except per share data\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 657.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 657.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 657.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 657.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 657.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 657.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 627.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 627.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 627.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 597.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 597.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 597.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 567.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 567.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 567.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 567.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 545.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 545.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 545.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 505.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 505.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 505.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 505.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 475.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 475.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 475.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 445.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 445.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 445.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 445.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.60 324.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 415.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 415.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 415.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 415.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 415.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 393.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 393.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 393.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 393.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 393.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 363.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 363.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 363.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 363.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 363.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 363.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 333.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 333.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 333.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 333.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 333.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 303.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 303.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 303.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 281.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 281.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 281.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 281.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 281.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 251.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 251.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 251.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 251.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 251.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 221.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 221.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 221.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 221.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 221.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 221.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 191.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 191.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 191.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 191.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 191.60 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 374.5 670.6 m 434.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 670.6 m 438.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 670.6 m 498.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 670.6 m 502.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.6 m 562.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 670.6 m 434.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 657.6 m 434.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 670.6 m 498.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 657.6 m 498.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.6 m 562.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 657.6 m 562.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 657.6 m 434.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 657.6 m 498.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 657.6 m 562.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 567.6 m 434.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 567.6 m 498.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 567.6 m 562.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 553.6 m 434.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 551.6 m 434.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 553.6 m 498.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 551.6 m 498.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 567.6 m 562.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 553.6 m 562.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 551.6 m 562.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 551.6 m 434.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 553.6 m 434.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 551.6 m 498.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 553.6 m 498.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 551.6 m 562.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 553.6 m 562.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 430.6 m 434.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 430.6 m 498.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 430.6 m 562.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 416.6 m 434.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 414.6 m 434.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 416.6 m 498.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 414.6 m 498.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 416.6 m 562.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 414.6 m 562.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 414.6 m 434.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 416.6 m 434.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 414.6 m 498.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 416.6 m 498.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 414.6 m 562.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 416.6 m 562.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 303.6 m 434.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 303.6 m 498.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 303.6 m 562.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 289.6 m 434.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 287.6 m 434.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 289.6 m 498.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 287.6 m 498.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 289.6 m 562.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 287.6 m 562.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 287.6 m 434.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 289.6 m 434.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 287.6 m 498.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 289.6 m 498.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 287.6 m 562.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 289.6 m 562.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 176.60000000000002 m 434.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 176.60000000000002 m 498.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 176.60000000000002 m 562.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 162.60000000000002 m 434.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 160.60000000000002 m 434.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 162.60000000000002 m 498.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 160.60000000000002 m 498.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 162.60000000000002 m 562.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 160.60000000000002 m 562.5 160.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 674.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 661.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 661.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 661.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 648.17 Td (Revenue, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 647.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 647.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 647.27 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 633.17 Td (Revenue of purchased businesses for the period prior to acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 618.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 617.27 Td (213,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 617.27 Td (994,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 617.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 603.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 603.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 607.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 602.27 Td (102,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 602.27 Td (339,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 602.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 588.17 Td (Keystone Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 587.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 587.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 587.27 Td (3,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 573.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 572.27 Td (265,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 572.27 Td (615,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 572.27 Td (676,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (Pro forma revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 557.27 Td (9,165,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 557.27 Td (9,141,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 557.27 Td (7,420,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.17 Td (Income from continuing operations, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 535.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 535.27 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 535.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 535.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 535.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 535.27 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.17 Td (Income from continuing operations of purchased businesses for the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 511.17 Td (prior to acquisition, and pro forma purchase accounting adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 496.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 495.32 Td (\(662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 495.27 Td (10,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 481.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 481.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 485.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 480.27 Td (7,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 480.27 Td (3,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 466.17 Td (Keystone Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 465.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 465.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 465.27 Td (521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 451.17 Td (Other acquisitions ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 146.54 455.70 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 450.32 Td (\(807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 450.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 450.27 Td (15,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 450.27 Td (18,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.17 Td (Acquisition related expenses, net of tax ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 213.23 440.70 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 435.27 Td (11,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 435.27 Td (1,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 435.27 Td (2,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 421.17 Td (Pro forma income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 420.27 Td (473,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 420.27 Td (453,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 420.27 Td (402,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Earnings per share from continuing operations, basic - as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 398.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 398.27 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 398.27 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.17 Td (Effect of purchased businesses for the period prior to acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 369.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 368.27 Td (\(0.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 368.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 368.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 354.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 354.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 358.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 353.27 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 353.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 353.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 339.17 Td (Keystone Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 338.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 338.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 338.27 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 324.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 323.27 Td (\(0.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 323.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 323.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 308.27 Td (Acquisition related expenses, net of tax ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 213.23 312.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 308.27 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 308.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 308.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 293.27 Td (Pro forma earnings per share from continuing operations, basic ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 307.93 297.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 293.27 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 293.27 Td (1.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 293.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 293.27 Td (1.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 272.17 Td (Earnings per share from continuing operations, diluted - as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 271.27 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 271.27 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 271.27 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 257.17 Td (Effect of purchased businesses for the period prior to acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 242.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 241.27 Td (\(0.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 241.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 241.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 227.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 227.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 231.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 226.27 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 226.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 226.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 212.17 Td (Keystone Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 211.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 211.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 211.27 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 197.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 196.27 Td (\(0.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 196.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 196.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 181.27 Td (Acquisition related expenses, net of tax ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 213.23 185.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 181.27 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 181.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 181.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 166.27 Td (Pro forma earnings per share from continuing operations, diluted ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 315.15 170.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.73 166.27 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 166.27 Td (1.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 166.27 Td (1.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 166.27 Td (1.31) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 148.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 148.63 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.45 144.10 Td (PGW) Tj ET Q q 0 0 0 rg BT 120.49 144.10 Td ( reflects the results for the continuing aftermarket glass distribution business only) Tj ET Q q 0 0 0 rg BT 445.61 144.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 130.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 130.63 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.45 126.10 Td (Excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.61 126.10 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 126.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.94 126.10 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.83 126.10 Td ( of corporate costs for 2015 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 462.17 126.10 Td (, that we do not expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (to incur going forward as a result of the sale of our glass manufacturing business.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 100.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 100.63 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 96.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 96.10 Td (The 2014 pro forma impact of our other acquisitions includes an adjustment for intercompany sales between Sator ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (and the five Netherlands distributors that would have been reflected as intercompany transactions if the acquisitions had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (occurred on January 1, 2013. Our cost of sales in the initial months after the acquisitions reflects the increased valuation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (acquired inventory) Tj ET Q q 0 0 0 rg BT 124.60 60.10 Td (, which has the impact of temporarily reducing our gross mar) Tj ET Q q 0 0 0 rg BT 369.07 60.10 Td (gin. Moving this negative gross mar) Tj ET Q q 0 0 0 rg BT 513.32 60.10 Td (gin impact ) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 742.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.58 742.10 Td ( December31, 2013 for our pro forma disclosure has the ef) Tj ET Q q 0 0 0 rg BT 355.54 742.10 Td (fect of increasing our pro forma net income during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 730.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.30 730.10 Td ( December31, 2014. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 716.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 716.63 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 712.10 Td ( Includes expenses related to acquisitions closed in the period and excludes expenses for acquisitions not yet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (completed.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 686.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 686.63 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.83 682.10 Td (The sum of the individual earnings per share amounts may not equal the total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (Unaudited pro forma supplemental information is based upon accounting estimates and judgments that we believe are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 97.57 652.10 Td (The unaudited pro forma supplemental information includes the ef) Tj ET Q q 0 0 0 rg BT 363.42 652.10 Td (fect of purchase accounting adjustments, such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (the adjustment of inventory acquired to fair value, adjustments to depreciation on acquired property and equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (adjustments to rent expense for above or below market leases, adjustments to amortization on acquired intangible assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (adjustments to interest expense, and the related tax ef) Tj ET Q q 0 0 0 rg BT 263.35 616.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 287.05 616.10 Td (These pro forma results are not necessarily indicative of what would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (have occurred if the acquisitions had been in ef) Tj ET Q q 0 0 0 rg BT 238.63 604.10 Td (fect for the periods presented or of future results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (Note 3. Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 563.10 Td (On December 18, 2016, LKQ entered into a Stock and ) Tj ET Q q 0 0 0 rg BT 305.94 563.10 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 368.71 563.10 Td (Agreement \(the Agreement\) to sell the glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (manufacturing business of its PGW) Tj ET Q q 0 0 0 rg BT 192.02 551.10 Td ( subsidiary to a subsidiary of ) Tj ET Q q 0 0 0 rg BT 309.60 551.10 Td (V) Tj ET Q q 0 0 0 rg BT 316.23 551.10 Td (itro S.A.B. de C.V) Tj ET Q q 0 0 0 rg BT 389.11 551.10 Td (. \(V) Tj ET Q q 0 0 0 rg BT 404.06 551.10 Td (itro\) for a sale price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.24 551.10 Td ($310 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.63 551.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (subject to potential post-closing purchase price adjustments. ) Tj ET Q q 0 0 0 rg BT 293.10 539.10 Td (The transaction, which is subject to customary representations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (warranties, covenants and conditions, and regulatory approvals, is expected to close in the first quarter of 2017. ) Tj ET Q q 0 0 0 rg BT 497.37 527.10 Td (As a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (this transaction, the remaining portion of the Glass operating segment will be combined with our ) Tj ET Q q 0 0 0 rg BT 439.18 515.10 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 514.99 515.10 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (operations during 2017. For our reporting as of December 31, 2016, we have aggregated the remaining Glass operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (segment with our North ) Tj ET Q q 0 0 0 rg BT 147.21 491.10 Td (America reportable segment. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.43 491.10 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.79 491.10 Td (" for further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 462.10 Td (Upon execution of the ) Tj ET Q q 0 0 0 rg BT 177.09 462.10 Td (Agreement, LKQ concluded that the glass manufacturing business met the criteria to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (classified as held for sale in LKQ) Tj ET Q q 0 0 0 rg BT 186.63 450.10 Td (s consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 330.20 450.10 Td (As a result, the assets related to the glass manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (business are reflected on the Consolidated Balance Sheet at the lower of the net asset carrying value or fair value less cost to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 71.21 426.10 Td (The fair value of the assets was determined using the negotiated sale price as an indicator of fair value, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (considered a Level 2 input as it is observable in a non-active market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 397.10 Td (As part of the ) Tj ET Q q 0 0 0 rg BT 142.66 397.10 Td (Agreement, the Company and ) Tj ET Q q 0 0 0 rg BT 264.94 397.10 Td (V) Tj ET Q q 0 0 0 rg BT 271.56 397.10 Td (itro entered into a twelve-month ) Tj ET Q q 0 0 0 rg BT 402.73 397.10 Td (T) Tj ET Q q 0 0 0 rg BT 408.49 397.10 Td (ransition Services ) Tj ET Q q 0 0 0 rg BT 481.81 397.10 Td (Agreement with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (two six-month renewal periods, a three-year Purchase and Supply ) Tj ET Q q 0 0 0 rg BT 314.93 385.10 Td (Agreement, and an Intellectual Property ) Tj ET Q q 0 0 0 rg BT 477.09 385.10 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 368.10 Td (The following table summarizes the operating results of the Company) Tj ET Q q 0 0 0 rg BT 368.43 368.10 Td (s discontinued operations related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (purchase agreement above from the date of acquisition, ) Tj ET Q q 0 0 0 rg BT 273.53 356.10 Td (April 21, 2016, through the year ended December 31, 2016, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (presented in Income from discontinued operations, net on the Consolidated Statements of Income:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 298.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 298.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 298.60 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 268.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 268.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 268.60 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 238.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 238.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 238.60 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 208.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 208.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 208.60 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 178.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 178.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 178.60 18.00 -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 387 298.6 m 466 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 238.60000000000002 m 466 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 208.60000000000002 m 466 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 193.60000000000002 m 466 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 163.60000000000002 m 466 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 149.60000000000002 m 466 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 147.60000000000002 m 466 147.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.40 323.83 Td (Period from April 21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.40 315.83 Td (to December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 302.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 288.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 288.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 288.27 Td (498,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 273.27 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 273.32 Td (\(424,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 273.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 258.27 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 258.32 Td (\(22,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 258.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 243.27 Td (Impairment on net assets of discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 243.32 Td (\(26,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 243.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.50 248.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 228.27 Td ( Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 228.27 Td (25,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 213.27 Td (Interest and other expenses, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 213.32 Td (\(9,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 213.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.50 218.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 198.27 Td ( Income from discontinued operations before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 198.27 Td (15,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 183.27 Td (Provision for taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 183.32 Td (\(8,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 183.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 168.27 Td (Equity in earnings of unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 168.27 Td (175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 153.27 Td ( Income from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 153.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 153.27 Td (7,852) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 136.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 132.10 Td ( Upon recognition of the glass manufacturing business net assets as held for sale, an impairment test was performed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (on the net assets of the glass manufacturing business resulting in a pre-tax impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.03 120.10 Td ($26.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.92 120.10 Td ( and a tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td ($6.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 108.10 Td (. ) Tj ET Q q 0 0 0 rg BT 103.71 108.10 Td (The impairment represents a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.33 108.10 Td ($21.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.22 108.10 Td ( impairment on long-lived assets, with the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.79 108.10 Td ($5.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.68 108.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (representing a valuation allowance on the current assets held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 83.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 79.10 Td (The Company elected to allocate interest expense to discontinued operations based on the expected debt to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (repaid. Under this approach, allocated interest from the date of acquisition through the year ended December 31, 2016 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.16 67.10 Td ($6.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 55.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.71 55.10 Td (The remaining balance represents other expense. ) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The glass manufacturing business had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.69 742.10 Td ($64.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.58 742.10 Td ( of operating cash inflows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.44 742.10 Td ($28.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.33 742.10 Td ( of investing cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (outflows and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 730.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.33 730.10 Td ( of capital lease debt payments. ) Tj ET Q q 0 0 0 rg BT 281.16 730.10 Td (The following table summarizes the significant non-cash operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (activities, capital expenditures and investments in unconsolidated subsidiaries of the Company) Tj ET Q q 0 0 0 rg BT 431.30 718.10 Td (s discontinued operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (related to the glass manufacturing business:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 156.00 646.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 646.60 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.00 616.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 616.60 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.00 586.60 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 586.60 103.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 661.6 m 491 661.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 686.83 Td (Period from April 21 to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.75 678.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.00 665.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 651.27 Td (Non-cash operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 636.27 Td ( Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 636.27 Td (7,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 621.27 Td ( Impairment on net assets of discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 621.27 Td (26,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 606.27 Td ( Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 606.32 Td (\(4,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 606.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 591.27 Td (Capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 591.32 Td (\(24,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 591.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 577.17 Td (Investments in unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 577.22 Td (\(4,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 577.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 537.10 Td (The major classes of assets and liabilities related to the glass manufacturing business are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 505.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 505.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 475.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 475.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 445.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 445.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 415.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 415.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 385.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 385.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 355.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 355.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 325.60 318.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 325.60 67.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 294.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 294.60 67.00 -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 449 505.6 m 516 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 400.6 m 516 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 386.6 m 516 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 384.6 m 516 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 309.6 m 516 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 294.6 m 516 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 280.6 m 516 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 278.6 m 516 278.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.75 517.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 509.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 495.27 Td (Cash and equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 495.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 495.27 Td (7,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 480.27 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 480.27 Td (77,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 465.27 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 465.27 Td (71,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 450.27 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 450.27 Td (42,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 435.27 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 435.27 Td (199,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 420.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 420.27 Td (64,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 405.27 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 405.32 Td (\(5,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 405.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 390.28 Td (Total assets from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 390.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 390.27 Td (456,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 360.27 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 360.27 Td (72,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 345.27 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 345.27 Td (37,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 330.27 Td (Long-term obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 330.27 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 314.27 Td (Other noncurrent liabilities \(includes pension and post-retirement obligations\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 314.27 Td (33,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 299.28 Td (Total liabilities from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 299.27 Td (145,104) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 284.28 Td (Net assets from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 284.27 Td (311,536) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.10 Td (Pursuant to the Purchase and Supply ) Tj ET Q q 0 0 0 rg BT 234.32 256.10 Td (Agreement, the glass manufacturing business will supply the aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (business of PGW) Tj ET Q q 0 0 0 rg BT 119.26 244.10 Td ( with various OEM products annually for a three year period beginning on the date the transaction closes. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (the period from ) Tj ET Q q 0 0 0 rg BT 114.15 232.10 Td (April 21, 2016 through December 31, 2016, intercompany sales between the glass manufacturing business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (the continuing aftermarket business of PGW) Tj ET Q q 0 0 0 rg BT 227.83 220.10 Td ( which were eliminated in consolidation were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 220.10 Td ($29.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.39 220.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (Note 4. Summary of Significant ) Tj ET Q q 0 0 0 rg BT 191.11 196.10 Td (Accounting Policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 160.10 Td (The accompanying consolidated financial statements include the accounts of LKQ Corporation and its subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (All intercompany transactions and accounts have been eliminated.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 104.10 Td (In preparing our financial statements in conformity with accounting principles generally accepted in the United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 92.10 Td (America, we are required to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 332.50 92.10 Td (fect the reported amounts of assets and liabilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 201.07 68.10 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 294.48 68.10 Td (fer from those estimates.) 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 31.60 Td (70) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td (The majority of our revenue is derived from the sale of vehicle parts. Revenue is recognized when the products are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (shipped to, delivered to or picked up by customers and title has transferred, subject to an allowance for estimated returns, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (discounts and allowances that we estimate based upon historical information. ) Tj ET Q q 0 0 0 rg BT 361.13 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 369.77 700.10 Td (e recorded a reserve for estimated returns, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (discounts and allowances of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.23 688.10 Td ($38.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.12 688.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.56 688.10 Td ($32.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.45 688.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.67 688.10 Td (December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.69 688.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 535.35 688.10 Td (. ) Tj ET Q q 0 0 0 rg BT 540.17 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 548.81 688.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (present taxes assessed by governmental authorities collected from customers on a net basis. ) Tj ET Q q 0 0 0 rg BT 418.05 676.10 Td (Therefore, the taxes are excluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (from revenue on our Consolidated Statements of Income and are shown as a current liability on our Consolidated Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Sheets until remitted. ) Tj ET Q q 0 0 0 rg BT 137.58 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.22 652.10 Td (e recognize revenue from the sale of scrap metal, other metals and cores when title has transferred, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (which typically occurs upon delivery to the customer) Tj ET Q q 0 0 0 rg BT 261.89 640.10 Td (. Revenue also includes amounts billed to customers for shipping and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (handling. Distribution expenses in the accompanying Consolidated Statements of Income are the costs incurred to prepare and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (deliver products to customers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (Receivables and ) Tj ET Q q 0 0 0 rg BT 117.57 590.10 Td (Allowance for Doubtful ) Tj ET Q q 0 0 0 rg BT 214.33 590.10 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 572.10 Td (In the normal course of business, we extend credit to customers after a review of each customer's credit history) Tj ET Q q 0 0 0 rg BT 528.94 572.10 Td (. ) Tj ET Q q 0 0 0 rg BT 533.76 572.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.40 572.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (recorded a reserve for uncollectible accounts of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.66 560.10 Td ($45.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.55 560.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.99 560.10 Td ($24.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.88 560.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.10 560.10 Td (December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 548.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 548.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.48 548.10 Td (The reserve is based upon the aging of the accounts receivable, our assessment of the collectability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td (specific customer accounts and historical experience. Receivables are written of) Tj ET Q q 0 0 0 rg BT 369.68 536.10 Td (f once collection ef) Tj ET Q q 0 0 0 rg BT 446.40 536.10 Td (forts have been exhausted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (Recoveries of receivables previously written of) Tj ET Q q 0 0 0 rg BT 238.92 524.10 Td (f are recorded when received. Our March 2016 acquisition of Rhiag and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (April 2016 acquisition of PGW) Tj ET Q q 0 0 0 rg BT 175.36 512.10 Td ( contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.90 512.10 Td ($23.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.79 512.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.23 512.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.13 512.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 400.79 512.10 Td (, to our reserve for uncollectible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (accounts. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.92 500.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.12 500.10 Td (" for further information on our acquisitions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (Concentrations of Cr) Tj ET Q q 0 0 0 rg BT 134.63 474.10 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 456.10 Td (Financial instruments that potentially subject us to significant concentration of credit risk consist primarily of cash and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (equivalents and accounts receivable. ) Tj ET Q q 0 0 0 rg BT 198.36 444.10 Td (W) Tj ET Q q 0 0 0 rg BT 207.00 444.10 Td (e control our exposure to credit risk associated with these instruments by \(i\)placing our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (cash and equivalents with several major financial institutions; \(ii\)holding high-quality financial instruments; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (\(iii\)maintaining strict policies over credit extension that include credit evaluations, credit limits and monitoring procedures. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (addition, our overall credit risk with respect to accounts receivable is limited to some extent because our customer base is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (composed of a lar) Tj ET Q q 0 0 0 rg BT 121.18 396.10 Td (ge number of geographically diverse customers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 352.10 Td (e classify our inventory into the following categories: \(i\) aftermarket and refurbished products and \(ii\) salvage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (remanufactured products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (An aftermarket product is a new vehicle product manufactured by a company other than the original equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 102.75 310.10 Td (. For all of our aftermarket products, excluding our aftermarket automotive glass products, cost is established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (based on the average price we pay for parts; for our aftermarket automotive glass products inventory) Tj ET Q q 0 0 0 rg BT 451.70 298.10 Td (, cost is established using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (the first-in first-out method. Inventory cost for all of our aftermarket products includes expenses incurred for freight in and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (overhead costs; for items purchased from foreign companies, import fees and duties and transportation insurance are also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (included. Refurbished products are parts that require cosmetic repairs, such as wheels, bumper covers and lights; LKQ will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (apply new parts, products or materials to these parts in order to produce the finished product. Refurbished inventory cost is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (based on the average price we pay for cores, which are recycled automotive parts that are not suitable for sale as a replacement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (part without further processing. ) Tj ET Q q 0 0 0 rg BT 178.40 226.10 Td (The cost of our refurbished inventory also includes expenses incurred for freight in, labor and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (other overhead costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 196.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 196.10 Td ( salvage product is a recycled vehicle part suitable for sale as a replacement part. Cost is established based upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (price we pay for a vehicle, including auction, storage and towing fees, as well as expenditures for buying and dismantling the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (vehicle. Inventory carrying value is determined using the average cost to sales percentage at each of our facilities and applying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (that percentage to the facility's inventory at expected selling prices, the assessment of which incorporates the sales probability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (based on a part's number of days in stock and historical demand. ) Tj ET Q q 0 0 0 rg BT 310.17 148.10 Td (The average cost to sales percentage is derived from each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (facility's historical profitability for salvage vehicles. Remanufactured products are used parts that have been inspected, rebuilt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (or reconditioned to restore functionality and performance, such as remanufactured engines and transmissions. Remanufactured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (inventory cost is based upon the price paid for cores, and also includes expenses incurred for freight in, direct manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (costs and overhead expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (For all inventory) Tj ET Q q 0 0 0 rg BT 152.56 82.10 Td (, carrying value is recorded at the lower of cost or market and is reduced to reflect current anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (demand. If actual demand is lower than our estimates, additional reductions to inventory carrying value would be necessary in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (the period such determination is made. ) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Inventories consist of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 690.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 690.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 690.60 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 403.5 718.6 m 468.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 718.6 m 472.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 718.6 m 537.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 705.6 m 468.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 705.6 m 537.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 705.6 m 468.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 705.6 m 537.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 675.6 m 468.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 661.6 m 468.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 659.6 m 468.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 675.6 m 537.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 661.6 m 537.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 659.6 m 537.5 659.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 722.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.50 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.50 709.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 696.17 Td (Aftermarket and refurbished products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 695.27 Td (1,540,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 695.27 Td (1,146,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 681.17 Td (Salvage and remanufactured products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 680.27 Td (394,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 680.27 Td (410,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 666.17 Td (Total inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 665.27 Td (1,935,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 665.27 Td (1,556,552) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 653.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 641.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.63 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 637.10 Td (Our acquisitions completed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.08 637.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.08 637.10 Td (, including our March 2016 acquisition of Rhiag and our ) Tj ET Q q 0 0 0 rg BT 475.10 637.10 Td (April 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (acquisition of PGW) Tj ET Q q 0 0 0 rg BT 128.52 625.10 Td (, contributed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.56 625.10 Td ($387.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.45 625.10 Td (to our aftermarket and refurbished products inventory and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.31 625.10 Td ($5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.21 625.10 Td ( to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (salvage and remanufactured products inventory) Tj ET Q q 0 0 0 rg BT 239.28 613.10 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.22 613.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.41 613.10 Td (" for further information on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (acquisitions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 575.10 Td (operty and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 557.10 Td (Property and equipment are recorded at cost less accumulated depreciation. Expenditures for major additions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (improvements that extend the useful life of the related asset are capitalized. ) Tj ET Q q 0 0 0 rg BT 353.49 545.10 Td (As property and equipment are sold or retired, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (applicable cost and accumulated depreciation are removed from the accounts and any resulting gain or loss thereon is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (recognized. Construction in progress consists primarily of building and land improvements at our existing facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (Depreciation is calculated using the straight-line method over the estimated useful lives or) Tj ET Q q 0 0 0 rg BT 410.60 509.10 Td (, in the case of leasehold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (improvements, the term of the related lease and reasonably assured renewal periods, if shorter) Tj ET Q q 0 0 0 rg BT 425.14 497.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 479.10 Td (Our estimated useful lives are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.60 459.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 468.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 438.60 459.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 438.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 408.60 459.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 408.60 53.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 458.27 Td (Land improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 458.27 Td (10-20years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 443.27 Td (Buildings and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 443.27 Td (20-40years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 428.27 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.05 428.27 Td (3-20 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 413.27 Td (Computer equipment and software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.05 413.27 Td (3-10years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 398.27 Td (Vehicles and trailers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.05 398.27 Td (3-10years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 383.27 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.05 383.27 Td (5-7years) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 361.10 Td (Property and equipment consists of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 324.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 324.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 324.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 294.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 264.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 264.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 264.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 234.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 234.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 234.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 204.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 204.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 204.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 174.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 174.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 174.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 174.60 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 427.5 337.6 m 492.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 337.6 m 496.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 337.6 m 561.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 324.6 m 492.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 324.6 m 561.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 324.6 m 492.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 324.6 m 561.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 219.60000000000002 m 492.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 219.60000000000002 m 492.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 204.60000000000002 m 492.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 219.60000000000002 m 561.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 204.60000000000002 m 561.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 174.60000000000002 m 492.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 174.60000000000002 m 561.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 174.60000000000002 m 492.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 160.60000000000002 m 492.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 158.60000000000002 m 492.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 174.60000000000002 m 561.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 160.60000000000002 m 561.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 158.60000000000002 m 561.5 158.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 341.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 328.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 328.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 314.27 Td (Land and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 314.27 Td (127,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 314.27 Td (118,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 299.27 Td (Buildings and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 299.27 Td (209,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 299.27 Td (183,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 284.27 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 284.27 Td (429,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 284.27 Td (355,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 269.27 Td (Computer equipment and software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 269.27 Td (120,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 269.27 Td (130,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 254.27 Td (Vehicles and trailers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 254.27 Td (138,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 254.27 Td (101,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 239.27 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 239.27 Td (28,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 239.27 Td (24,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 224.27 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 224.27 Td (152,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 224.27 Td (140,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 209.27 Td (1,205,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 209.27 Td (1,053,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 194.27 Td (LessAccumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 194.32 Td (\(495,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 194.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 194.32 Td (\(437,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 194.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 179.27 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 179.27 Td (101,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 179.27 Td (80,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 164.27 Td (Total property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 164.27 Td (811,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 164.27 Td (696,567) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 136.10 Td (e record depreciation expense within Depreciation and ) Tj ET Q q 0 0 0 rg BT 314.82 136.10 Td (Amortization on our Consolidated Statements of Income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 124.10 Td (, included in Cost of Goods Sold on the Consolidated Statements of Income is depreciation expense associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (with our refurbishing, remanufacturing, and furnace operations as well as our distribution centers. ) Tj ET Q q 0 0 0 rg BT 443.59 112.10 Td (T) Tj ET Q q 0 0 0 rg BT 449.00 112.10 Td (otal depreciation expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (for the years ended December 31, 2016, 2015 and 2014 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.43 100.10 Td ($1) Tj ET Q q 0 0 0 rg BT 302.06 100.10 Td (14.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.95 100.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.95 100.10 Td ($94.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.84 100.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.78 100.10 Td ($90.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.67 100.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 538.33 100.10 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 31.60 Td (72) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 93.42 742.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td (Intangible assets consist primarily of goodwill \(the cost of purchased businesses in excess of the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (identifiable net assets acquired\) and other specifically identifiable intangible assets, such as trade names, trademarks, customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (and supplier relationships, software and other technology related assets, and covenants not to compete.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (Goodwill is tested for impairment at least annually) Tj ET Q q 0 0 0 rg BT 288.36 682.10 Td (, and we performed annual impairment tests during the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (quarters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.54 670.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.54 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.54 670.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.54 670.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.98 670.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 184.79 670.10 Td (The results of all of these tests indicated that goodwill was not impaired. Goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (impairment testing may also be performed on an interim basis when events or circumstances arise that may lead to impairment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 646.10 Td (e noted that the proximity of the PGW) Tj ET Q q 0 0 0 rg BT 212.04 646.10 Td ( acquisition to the goodwill testing date resulted in a fair value estimate for the Glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (aftermarket reporting unit that exceeded the carrying value by less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.38 634.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.71 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 360.53 634.10 Td (This aligns with our expectations as there has not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (been a significant change in the value of the business since the acquisition date while we continue to execute our integration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (plans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (The changes in the carrying amount of goodwill by reportable segment are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 563.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 563.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 563.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 563.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 563.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 563.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 563.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 563.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 524.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 524.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 524.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 524.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 524.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 494.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 494.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 494.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 494.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 494.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 494.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 494.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 494.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 455.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 455.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 455.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 455.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 455.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 416.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 416.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 416.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 416.60 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 340.5 563.6 m 392.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 563.6 m 448.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 563.6 m 504.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 563.6 m 561.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 563.6 m 392.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 563.6 m 448.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 563.6 m 504.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 509.6 m 392.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 509.6 m 504.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 509.6 m 561.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 509.6 m 448.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 509.6 m 504.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 455.6 m 392.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 455.6 m 448.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 455.6 m 504.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 455.6 m 561.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 455.6 m 504.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 401.6 m 392.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 401.6 m 448.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 401.6 m 504.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 401.6 m 561.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 401.6 m 392.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 387.6 m 392.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 385.6 m 392.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 401.6 m 448.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 387.6 m 448.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 385.6 m 448.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 401.6 m 504.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 387.6 m 504.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 385.6 m 504.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 401.6 m 561.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 387.6 m 561.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 385.6 m 561.5 385.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.75 573.68 Td (North) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.30 565.73 Td (America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.40 567.83 Td (Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.40 567.83 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.75 567.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 554.17 Td (Balance as of January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 553.27 Td (1,358,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 553.27 Td (578,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 553.27 Td (1,937,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 539.17 Td (Business acquisitions and adjustments to previously recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 529.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 529.27 Td (43,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 529.27 Td (91,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 529.27 Td (280,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 529.27 Td (415,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 515.17 Td (Exchange rate effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.80 514.32 Td (\(10,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 514.32 Td (\(53,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 514.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 514.32 Td (\(64,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 500.17 Td (Balance as of December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 499.27 Td (1,392,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 499.27 Td (616,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 499.27 Td (280,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 499.27 Td (2,288,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 485.17 Td (Business acquisitions and adjustments to previously recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 475.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 475.27 Td (72,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 475.27 Td (21,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 475.32 Td (\(1,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 475.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 475.27 Td (92,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 461.17 Td (Exchange rate effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.80 460.32 Td (\(18,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 460.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 460.32 Td (\(43,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 460.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 460.27 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 460.32 Td (\(61,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 460.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 446.17 Td (Balance as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 445.27 Td (1,445,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 445.27 Td (594,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 445.27 Td (278,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 445.27 Td (2,319,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 431.17 Td (Business acquisitions and adjustments to previously recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 421.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.10 421.27 Td (226,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 421.27 Td (614,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 421.27 Td (1,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 421.27 Td (842,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 407.17 Td (Exchange rate effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 406.27 Td (1,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 406.32 Td (\(108,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 406.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 406.32 Td (\(161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 406.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 406.32 Td (\(107,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 406.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 392.17 Td (Balance as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 391.27 Td (1,674,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.60 391.27 Td (1,099,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 391.27 Td (280,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 391.27 Td (3,054,769) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 363.10 Td (During the year ended December 31, 2016, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.85 363.10 Td ($585.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.74 363.10 Td ( of goodwill related to our acquisition of Rhiag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 351.10 Td ($205.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 351.10 Td ( related to our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 262.66 351.10 Td (. See Note 2, "Business Combinations" for further information on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 321.10 Td (The components of other intangibles are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 268.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 268.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 268.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 268.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 268.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 268.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 268.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 228.60 132.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 228.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 228.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 228.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 228.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 228.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 228.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 228.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 228.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 228.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 228.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 228.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 188.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 188.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 188.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 188.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 188.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 188.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 188.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 188.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 188.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 188.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 188.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 188.60 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 182.5 297.6 m 242.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 297.6 m 246.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 297.6 m 306.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 297.6 m 310.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 297.6 m 370.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 297.6 m 434.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 297.6 m 438.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 297.6 m 498.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 297.6 m 502.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 297.6 m 562.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 268.6 m 242.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 268.6 m 306.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 268.6 m 370.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 268.6 m 434.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 268.6 m 498.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 268.6 m 562.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 268.6 m 242.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 188.60000000000002 m 242.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 188.60000000000002 m 306.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 188.60000000000002 m 370.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 188.60000000000002 m 434.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 188.60000000000002 m 498.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 188.60000000000002 m 562.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 188.60000000000002 m 242.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 174.60000000000002 m 242.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 172.60000000000002 m 242.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 188.60000000000002 m 306.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 174.60000000000002 m 306.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 172.60000000000002 m 306.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 174.60000000000002 m 370.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 172.60000000000002 m 370.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 174.60000000000002 m 434.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 172.60000000000002 m 434.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 174.60000000000002 m 498.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 172.60000000000002 m 498.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 174.60000000000002 m 562.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 172.60000000000002 m 562.5 172.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 301.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.75 301.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.75 301.83 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 272.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.05 288.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 211.68 288.83 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.20 280.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.95 272.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.30 280.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.10 272.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.00 272.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.05 288.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 403.68 288.83 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.20 280.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.95 272.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.30 280.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.10 272.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 272.83 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 259.17 Td (Trade names and trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 258.27 Td (286,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 258.27 Td (\(51,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 258.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 258.27 Td (234,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 258.27 Td (172,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 258.32 Td (\(43,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 258.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 258.27 Td (128,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 244.17 Td (Customer and supplier) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 234.17 Td (relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 233.27 Td (395,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 233.27 Td (\(92,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 233.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 233.27 Td (303,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 233.27 Td (95,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 233.32 Td (\(41,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 233.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 233.27 Td (54,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 219.17 Td (Software and other technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 209.17 Td (related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.15 208.27 Td (77,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 208.27 Td (\(35,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 208.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 208.27 Td (41,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 208.27 Td (44,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 208.32 Td (\(17,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 208.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 208.27 Td (26,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 194.17 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.15 193.27 Td (11,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 193.27 Td (\(7,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 193.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 193.27 Td (4,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 193.27 Td (10,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 193.32 Td (\(5,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 193.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 193.27 Td (5,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 178.27 Td (770,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.80 178.27 Td (\(186,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 178.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 178.27 Td (584,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 178.27 Td (323,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 178.32 Td (\(107,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 178.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 178.27 Td (215,117) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td ( ) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The components of other intangibles acquired during the years ended December31, 2016 and 2015 include the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 641.60 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 641.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 641.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 641.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 641.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 641.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 601.60 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 601.60 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 236 677.6 m 296 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 677.6 m 300 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 677.6 m 360 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 677.6 m 364 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 677.6 m 424 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 677.6 m 428 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 677.6 m 488 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 677.6 m 552 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 656.6 m 296 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 656.6 m 360 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 656.6 m 424 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 656.6 m 488 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 656.6 m 552 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 656.6 m 296 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 656.6 m 360 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 656.6 m 424 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 656.6 m 488 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 656.6 m 552 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 586.6 m 296 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 586.6 m 360 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 586.6 m 424 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 586.6 m 488 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 586.6 m 552 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 586.6 m 296 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 572.6 m 296 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 570.6 m 296 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 586.6 m 360 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 572.6 m 360 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 570.6 m 360 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 586.6 m 424 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 572.6 m 424 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 570.6 m 424 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 586.6 m 488 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 572.6 m 488 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 570.6 m 488 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 586.6 m 552 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 572.6 m 552 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 570.6 m 552 570.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.45 702.83 Td (Year Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.45 702.83 Td (Year Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.25 681.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 689.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 681.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.25 660.83 Td (Rhiag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 660.83 Td (PGW) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 668.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.35 660.83 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.75 660.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.35 668.83 Td (All ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.35 660.83 Td (Acquisitions ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 540.58 664.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 646.27 Td (Trade names and trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 646.27 Td (127,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 646.27 Td (5,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 646.27 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 646.27 Td (133,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 646.27 Td (3,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 631.27 Td (Customer and supplier relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 631.27 Td (291,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 631.27 Td (29,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 631.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 631.27 Td (321,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 631.27 Td (4,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 616.27 Td (Software and other technology related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 606.27 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 606.27 Td (10,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 606.27 Td (1,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 606.27 Td (1,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 606.27 Td (12,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 606.27 Td (1,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 591.27 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 591.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 591.27 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 591.27 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 591.27 Td (1,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 591.27 Td (557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 576.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 576.27 Td (429,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.50 576.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 576.27 Td (37,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 576.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 576.27 Td (2,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 576.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 576.27 Td (469,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 576.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 576.27 Td (9,926) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 558.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 554.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.08 554.10 Td (I) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.07 554.10 Td (ncludes adjustments to certain preliminary intangible asset valuations from our 2014 acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 536.10 Td (Our estimated useful lives for our finite lived intangible assets are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 483.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 483.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 483.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 453.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 453.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 453.60 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 343.5 498.6 m 403.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 498.6 m 467.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 498.6 m 403.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 498.6 m 467.5 498.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 510.83 Td (Method of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.10 502.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.20 502.83 Td (Useful Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 488.27 Td (Trade names and trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 488.27 Td (Straight-line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.05 488.27 Td (4-30 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 473.27 Td (Customer and supplier relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 473.27 Td (Accelerated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.05 473.27 Td (4-20 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 458.27 Td (Software and other technology related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 458.27 Td (Straight-line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.05 458.27 Td (3-6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 443.27 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 443.27 Td (Straight-line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.05 443.27 Td (1-5 years) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 421.10 Td (Amortization expense for intangibles was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.12 421.10 Td ($83.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.01 421.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.01 421.10 Td ($33.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.90 421.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.34 421.10 Td ($34.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.23 421.10 Td ( during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.58 409.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 409.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 409.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 409.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 409.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 409.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.68 409.10 Td (. Estimated amortization expense for each of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.44 409.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.99 409.10 Td ( years in the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (ending December31, 2021 is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.97 397.10 Td ($90.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.86 397.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.86 397.10 Td ($75.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.75 397.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 397.10 Td ($62.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 397.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 397.10 Td ($49.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.54 397.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.98 397.10 Td ($41.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.87 397.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 526.53 397.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (Impairment of Long-Lived ) Tj ET Q q 0 0 0 rg BT 157.87 371.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 353.10 Td (Long-lived assets are reviewed for possible impairment whenever events or circumstances indicate that the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (amount of such assets may not be recoverable. If such review indicates that the carrying amount of long-lived assets is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (recoverable, the carrying amount of such assets is reduced to fair value. Other than the impairment recorded upon recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (of the PGW) Tj ET Q q 0 0 0 rg BT 97.59 317.10 Td ( glass manufacturing business net assets as held for sale as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.03 317.10 Td (Note 3, "Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 317.10 Td (," there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (were no material adjustments to the carrying value of long-lived assets during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.49 305.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.08 305.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.08 305.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.08 305.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 293.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.41 267.10 Td (arranty Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 249.10 Td (Some of our salvage mechanical products are sold with a standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.86 249.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.53 249.10 Td ( month warranty against defects. ) Tj ET Q q 0 0 0 rg BT 496.71 249.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 546.62 249.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (some of our remanufactured engines are sold with a standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.03 237.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.01 237.10 Td ( year warranty against defects. ) Tj ET Q q 0 0 0 rg BT 440.21 237.10 Td (W) Tj ET Q q 0 0 0 rg BT 448.85 237.10 Td (e also provide a limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (lifetime warranty for certain of our aftermarket products. ) Tj ET Q q 0 0 0 rg BT 280.00 225.10 Td (W) Tj ET Q q 0 0 0 rg BT 288.63 225.10 Td (e record the estimated warranty costs at the time of sale using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (historical warranty claim information to project future warranty claims activity) Tj ET Q q 0 0 0 rg BT 365.07 213.10 Td (. Our warranty reserve is recorded within Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (accrued expenses and Other Noncurrent Liabilities on our Consolidated Balance Sheets based on the expected timing of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (related payments. ) Tj ET Q q 0 0 0 rg BT 122.85 189.10 Td (The changes in the warranty reserve are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 178.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 178.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 148.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 148.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 118.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 118.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 88.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 88.60 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 438 133.60000000000002 m 503 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 88.60000000000002 m 503 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 74.60000000000002 m 503 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 72.60000000000002 m 503 72.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 169.17 Td (Balance as of January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 168.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 168.27 Td (14,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 154.17 Td (Warranty expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 153.27 Td (33,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 139.17 Td (Warranty claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 138.32 Td (\(31,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 138.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 124.17 Td (Balance as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 123.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 123.27 Td (17,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 109.17 Td (Warranty expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 108.27 Td (32,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 94.17 Td (Warranty claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 93.32 Td (\(29,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 93.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 79.17 Td (Balance as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 78.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 78.27 Td (19,634) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Self-Insurance Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 724.10 Td (e self-insure a portion of employee medical benefits under the terms of our employee health insurance program. ) Tj ET Q q 0 0 0 rg BT 544.30 724.10 Td (W) Tj ET Q q 0 0 0 rg BT 552.93 724.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (purchase certain stop-loss insurance to limit our liability exposure. ) Tj ET Q q 0 0 0 rg BT 318.64 712.10 Td (W) Tj ET Q q 0 0 0 rg BT 327.28 712.10 Td (e also self-insure a portion of our property and casualty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (risk, which includes automobile liability) Tj ET Q q 0 0 0 rg BT 210.71 700.10 Td (, general liability) Tj ET Q q 0 0 0 rg BT 278.10 700.10 Td (, directors and of) Tj ET Q q 0 0 0 rg BT 345.67 700.10 Td (ficers liability) Tj ET Q q 0 0 0 rg BT 400.83 700.10 Td (, workers' compensation, and property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (coverage, under deductible insurance programs. ) Tj ET Q q 0 0 0 rg BT 243.91 688.10 Td (The insurance premium costs are expensed over the contract periods. ) Tj ET Q q 0 0 0 rg BT 521.86 688.10 Td (A) Tj ET Q q 0 0 0 rg BT 528.53 688.10 Td ( reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (for liabilities associated with these losses is established for claims filed and claims incurred but not yet reported based upon our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (estimate of ultimate cost, which is calculated using analysis of historical data. ) Tj ET Q q 0 0 0 rg BT 363.07 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.70 664.10 Td (e monitor new claims and claim development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (as well as trends related to the claims incurred but not reported in order to assess the adequacy of our insurance reserves. ) Tj ET Q q 0 0 0 rg BT 534.93 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 540.34 652.10 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (self-insurance reserves were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.77 640.10 Td ($84.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.66 640.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 640.10 Td ($78.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.99 640.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.76 640.10 Td ($39.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 640.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.09 640.10 Td ($37.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.98 640.10 Td ( was classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (current as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.48 628.10 Td (December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.50 628.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 273.16 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 277.98 628.10 Td (The remaining balances of self-insurance reserves are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Other Noncurrent Liabilities, which reflects management's estimates of when claims will be paid. ) Tj ET Q q 0 0 0 rg BT 442.33 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 450.97 616.10 Td (e had outstanding letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.09 604.10 Td ($70.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 604.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.42 604.10 Td ($64.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.32 604.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.53 604.10 Td (December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.55 604.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 396.22 604.10 Td (, to guarantee self-insurance claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 93.14 592.10 Td (While we do not expect the amounts ultimately paid to dif) Tj ET Q q 0 0 0 rg BT 325.68 592.10 Td (fer significantly from our estimates, our insurance reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (and corresponding expenses could be af) Tj ET Q q 0 0 0 rg BT 209.49 580.10 Td (fected if future claims experience dif) Tj ET Q q 0 0 0 rg BT 356.73 580.10 Td (fers significantly from historical trends and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (assumptions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 86.57 542.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 524.10 Td (Current income taxes are provided on income reported for financial reporting purposes, adjusted for transactions that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (do not enter into the computation of income taxes payable in the same year) Tj ET Q q 0 0 0 rg BT 349.63 512.10 Td (. Deferred income taxes have been provided to show ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 72.30 500.10 Td (fect of temporary dif) Tj ET Q q 0 0 0 rg BT 155.14 500.10 Td (ferences between the tax bases of assets and liabilities and their reported amounts in the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.66 488.10 Td (A) Tj ET Q q 0 0 0 rg BT 103.33 488.10 Td ( valuation allowance is provided for deferred tax assets if it is more likely than not that these items will either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (expire before we are able to realize their benefit or that future deductibility is uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 458.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 458.10 Td (e recognize the benefits of uncertain tax positions taken or expected to be taken in tax returns in the provision for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (income taxes only for those positions that are more likely than not to be realized. ) Tj ET Q q 0 0 0 rg BT 375.84 446.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.48 446.10 Td (e follow a two-step approach to recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (and measuring uncertain tax positions. ) Tj ET Q q 0 0 0 rg BT 206.45 434.10 Td (The first step is to evaluate the tax position for recognition by determining if the weight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (related appeals or litigation processes, if any) Tj ET Q q 0 0 0 rg BT 227.34 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.16 410.10 Td (The second step is to measure the tax benefit as the lar) Tj ET Q q 0 0 0 rg BT 449.96 410.10 Td (gest amount that is more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.72 398.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 398.10 Td ( likely of being realized upon ultimate settlement.) Tj ET Q q 0 0 0 rg BT 289.19 398.10 Td (W) Tj ET Q q 0 0 0 rg BT 297.83 398.10 Td (e consider many factors when evaluating and estimating our tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (positions and tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (policy is to include interest and penalties associated with income tax obligations in income tax expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 356.10 Td (U.S. federal income taxes are not provided on our interest in undistributed earnings of foreign subsidiaries when it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (management's intent that such earnings will remain invested in those subsidiaries or other foreign subsidiaries. ) Tj ET Q q 0 0 0 rg BT 494.30 344.10 Td (T) Tj ET Q q 0 0 0 rg BT 499.71 344.10 Td (axes will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (provided on these earnings in the period in which a decision is made to repatriate the earnings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (Investments in Unconsolidated Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 288.10 Td (Our investment in unconsolidated subsidiaries was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.52 288.10 Td ($183.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.41 288.10 Td ( as of December 31, 2016. On December 1, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (we acquired a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.02 276.10 Td (26.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.85 276.10 Td ( equity interest in Mekonomen ) Tj ET Q q 0 0 0 rg BT 258.55 276.10 Td (AB \("Mekonomen"\) from ) Tj ET Q q 0 0 0 rg BT 364.20 276.10 Td (AxMeko ) Tj ET Q q 0 0 0 rg BT 401.70 276.10 Td (AB, an af) Tj ET Q q 0 0 0 rg BT 440.12 276.10 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 476.22 276.10 Td (Axel Johnson ) Tj ET Q q 0 0 0 rg BT 532.89 276.10 Td (AB, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (for an aggregate purchase price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.81 264.10 Td ($181.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.71 264.10 Td (. Headquartered in Stockholm, Sweden, Mekonomen is the leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (independent car parts and service chain in the Nordic region of Europe, of) Tj ET Q q 0 0 0 rg BT 346.09 252.10 Td (fering a wide range of products including spare parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (and accessories for cars, and workshop services for consumers and businesses. ) Tj ET Q q 0 0 0 rg BT 366.67 240.10 Td (W) Tj ET Q q 0 0 0 rg BT 375.31 240.10 Td (e are accounting for our interest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (Mekonomen using the equity method of accounting, as our investment gives us the ability to exercise significant influence, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (not control, over the investee. ) Tj ET Q q 0 0 0 rg BT 171.17 216.10 Td (W) Tj ET Q q 0 0 0 rg BT 179.81 216.10 Td (e are reporting our equity in the net earnings of Mekonomen on a one quarter lag, and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (we recorded no equity in earnings for this investment in 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 186.10 Td (In February 2016, we sold our investment in ) Tj ET Q q 0 0 0 rg BT 265.70 186.10 Td (ACM Parts Pty Ltd. Our remaining investments in unconsolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (subsidiaries and equity in earnings of the investees as of and for the year ended December 31, 2016 were immaterial. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (Rental Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 130.10 Td (e recognize rental expense on a straight-line basis over the respective lease terms, including reasonably assured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (renewal periods, for all of our operating leases. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (For) Tj ET Q q 0 0 0 rg BT 64.63 92.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 103.43 92.10 Td (ency T) Tj ET Q q 0 0 0 rg BT 129.25 92.10 Td (ranslation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.10 Td (For most of our foreign operations, the local currency is the functional currency) Tj ET Q q 0 0 0 rg BT 404.41 74.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.86 74.10 Td (Assets and liabilities are translated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (into U.S. dollars at the period-ending exchange rate. Statements of Income amounts are translated to U.S. dollars using monthly ) 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 31.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (average exchange rates during the period. ) Tj ET Q q 0 0 0 rg BT 218.91 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.66 742.10 Td (ranslation gains and losses are reported as a component of ) Tj ET Q q 0 0 0 rg BT 459.04 742.10 Td (Accumulated Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Comprehensive Income \(Loss\) in stockholders' equity) Tj ET Q q 0 0 0 rg BT 265.27 730.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 704.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 79.52 704.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 137.19 704.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 686.10 Td (In May 2014, the Financial ) Tj ET Q q 0 0 0 rg BT 196.54 686.10 Td (Accounting Standards Board \("F) Tj ET Q q 0 0 0 rg BT 326.80 686.10 Td (ASB"\) issued ) Tj ET Q q 0 0 0 rg BT 383.11 686.10 Td (Accounting Standards Update 2014-09, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td ("Revenue from Contracts with Customers" \("ASU 2014-09"\). ) Tj ET Q q 0 0 0 rg BT 299.45 674.10 Td (This update outlines a new comprehensive revenue recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (model that supersedes most current revenue recognition guidance and requires companies to recognize revenue to depict the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (be entitled in exchange for those goods or services. ) Tj ET Q q 0 0 0 rg BT 256.98 638.10 Td (The F) Tj ET Q q 0 0 0 rg BT 279.84 638.10 Td (ASB has issued several updates to ) Tj ET Q q 0 0 0 rg BT 418.72 638.10 Td (ASU 2014-09. ) Tj ET Q q 0 0 0 rg BT 479.00 638.10 Td (ASU 2014-09 will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (be ef) Tj ET Q q 0 0 0 rg BT 69.53 626.10 Td (fective for the Company during the first quarter of our fiscal year 2018. Early adoption is permitted for annual reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (periods beginning after December 15, 2016. ) Tj ET Q q 0 0 0 rg BT 228.65 614.10 Td (W) Tj ET Q q 0 0 0 rg BT 237.29 614.10 Td (e will continue to evaluate the potential ef) Tj ET Q q 0 0 0 rg BT 405.10 614.10 Td (fect that ) Tj ET Q q 0 0 0 rg BT 439.53 614.10 Td (ASU 2014-09 will have on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (our consolidated financial statements and related disclosures; however) Tj ET Q q 0 0 0 rg BT 331.45 602.10 Td (, we do not plan to early adopt. Entities adopting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (standard have the option of using either a full retrospective or modified retrospective approach in the application of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 90.91 578.10 Td (W) Tj ET Q q 0 0 0 rg BT 99.55 578.10 Td (e are still determining which method of transition we will follow) Tj ET Q q 0 0 0 rg BT 357.73 578.10 Td (. ) Tj ET Q q 0 0 0 rg BT 362.55 578.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.19 578.10 Td (e are currently in the process of completing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (customer contract reviews, determining necessary adjustments to existing accounting policies, evaluating new disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (requirements and identifying and implementing changes to business processes as deemed necessary to support recognition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (disclosure under the new guidance. Based on our preliminary assessment, we do not expect a significant impact for the majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (of our revenue transactions as they generally consist of single performance obligations to transfer promised goods or services; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (however) Tj ET Q q 0 0 0 rg BT 84.03 518.10 Td (, we do expect the new guidance will change the way we present sales returns in our consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 506.10 Td (e are still in the process of determining the magnitude of impact for this change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.10 Td (In September 2015, the F) Tj ET Q q 0 0 0 rg BT 186.63 488.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 235.53 488.10 Td (Accounting Standards Update 2015-16, "Simplifying the ) Tj ET Q q 0 0 0 rg BT 464.86 488.10 Td (Accounting for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (Measurement-Period ) Tj ET Q q 0 0 0 rg BT 135.81 476.10 Td (Adjustments" \("ASU 2015-16"\), which requires an acquirer to recognize adjustments to provisional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (amounts identified during the measurement period in the reporting period in which the adjustments are identified as opposed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (recognition as if the accounting adjustment had been completed as of the acquisition date. ) Tj ET Q q 0 0 0 rg BT 411.65 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 429.15 452.10 Td (ASU also requires disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (regarding amounts that would have been recorded in previous reporting periods if the adjustment had been recognized as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (acquisition date. ) Tj ET Q q 0 0 0 rg BT 117.49 428.10 Td (ASU 2015-16 became ef) Tj ET Q q 0 0 0 rg BT 216.44 428.10 Td (fective for the Company during the first quarter of our fiscal year 2016 and is being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (applied on a prospective basis. ) Tj ET Q q 0 0 0 rg BT 174.79 416.10 Td (The measurement-period adjustments for our acquisitions and the related impact on earnings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (any amounts that would have been recorded in previous periods are disclosed in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.41 404.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.60 404.10 Td (." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 386.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 179.96 386.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.87 386.10 Td (Accounting Standards Update 2016-02, "Leases" \("ASU 2016-02"\), to increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (transparency and comparability by recognizing lease assets and lease liabilities on the balance sheet and disclosing key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (information about leasing arrangements. ) Tj ET Q q 0 0 0 rg BT 213.94 362.10 Td (The main dif) Tj ET Q q 0 0 0 rg BT 265.41 362.10 Td (ference between current GAAP) Tj ET Q q 0 0 0 rg BT 390.81 362.10 Td ( and this ) Tj ET Q q 0 0 0 rg BT 426.64 362.10 Td (ASU is the recognition of lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (assets and lease liabilities by lessees for those leases classified as operating leases under current GAAP) Tj ET Q q 0 0 0 rg BT 461.82 350.10 Td (. ) Tj ET Q q 0 0 0 rg BT 466.64 350.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.14 350.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 523.40 350.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (for fiscal years, and interim periods within those years, beginning after December 15, 2018. ) Tj ET Q q 0 0 0 rg BT 419.15 338.10 Td (The standard requires that entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (apply the ef) Tj ET Q q 0 0 0 rg BT 97.02 326.10 Td (fects of these changes using a modified retrospective approach, which includes a number of optional practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (expedients. ) Tj ET Q q 0 0 0 rg BT 97.58 314.10 Td (While we are still in the process of quantifying the impact that the adoption of ) Tj ET Q q 0 0 0 rg BT 412.22 314.10 Td (ASU 2016-02 will have on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (consolidated financial statements and related disclosures, we anticipate the adoption will materially af) Tj ET Q q 0 0 0 rg BT 457.73 302.10 Td (fect our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (balance sheet and disclosures, as the majority of our operating leases will be recorded on the balance sheet under ) Tj ET Q q 0 0 0 rg BT 503.17 290.10 Td (ASU 2016-02. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (While we do not anticipate the adoption of this accounting standard to have a material impact to our consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (income at this time, this conclusion may change as we finalize our assessment. In order to assist in our timely implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (of the new standard, we have purchased new software to track our leases. ) Tj ET Q q 0 0 0 rg BT 345.54 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 354.17 254.10 Td (e have engaged a third party to assist with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (implementation of the new software with an expectation to complete the implementation by the end of 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 224.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 169.96 224.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 218.87 224.10 Td (Accounting Standards Update No. 2016-09, "Improvements to Employee Share-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (Based Payment ) Tj ET Q q 0 0 0 rg BT 113.88 212.10 Td (Accounting" \(ASU 2016-09\), to simplify several aspects of the accounting for share-based payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (transactions, including the income tax consequences, classification of awards as either equity or liabilities, classification on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (statement of cash flows, the treatment of forfeitures, and calculation of earnings per share. ) Tj ET Q q 0 0 0 rg BT 413.29 188.10 Td (This ) Tj ET Q q 0 0 0 rg BT 433.02 188.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 472.28 188.10 Td (fective for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (years, and interim periods within those years, beginning after December 15, 2016. During the third quarter of 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (Company elected to early adopt ) Tj ET Q q 0 0 0 rg BT 179.13 164.10 Td (ASU 2016-09 ef) Tj ET Q q 0 0 0 rg BT 245.05 164.10 Td (fective January 1, 2016. ) Tj ET Q q 0 0 0 rg BT 343.17 164.10 Td (W) Tj ET Q q 0 0 0 rg BT 352.21 164.10 Td (ith the adoption of ) Tj ET Q q 0 0 0 rg BT 427.75 164.10 Td (ASU 2016-09, excess tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (benefits are recognized as a component of the income tax provision, whereas these amounts were previously recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (equity) Tj ET Q q 0 0 0 rg BT 74.35 140.10 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.28 140.10 Td (Note 13, "Income ) Tj ET Q q 0 0 0 rg BT 169.61 140.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.02 140.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.79 140.10 Td (" for the impact on our tax provision for the year ended December 31, 2016 as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (adopting this accounting standard. ) Tj ET Q q 0 0 0 rg BT 189.51 128.10 Td (W) Tj ET Q q 0 0 0 rg BT 198.55 128.10 Td (ithin the Consolidated Statements of Cash Flows, excess tax benefits are now presented as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (an operating activity) Tj ET Q q 0 0 0 rg BT 131.54 116.10 Td (, rather than a financing activity) Tj ET Q q 0 0 0 rg BT 258.62 116.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.44 116.10 Td (The presentation of excess tax benefits on share-based payments was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (adjusted retrospectively within the Consolidated Statements of Cash Flows, resulting in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.67 104.10 Td ($14.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.56 104.10 Td ( and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.94 104.10 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.83 104.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (increase in operating cash flows for the years ended December 31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 430.32 92.10 Td (, with a corresponding decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (to financing cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 62.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 169.96 62.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 218.87 62.10 Td (Accounting Standards Update No. 2016-05, "Ef) Tj ET Q q 0 0 0 rg BT 410.23 62.10 Td (fect of Derivative Contract Novations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (on Existing Hedge ) Tj ET Q q 0 0 0 rg BT 126.38 50.10 Td (Accounting Relationships" \("ASU 2016-05"\), which clarifies that a change in a hedging derivative's ) 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 31.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (counterparty would not in and of itself be considered a termination of a derivative instrument or a change in the critical terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of a hedging relationship. ) Tj ET Q q 0 0 0 rg BT 154.52 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 172.01 730.10 Td (ASU also clarifies that an entity should continue to assess the creditworthiness of the derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 99.88 718.10 Td (, as a dif) Tj ET Q q 0 0 0 rg BT 133.58 718.10 Td (ference in creditworthiness could cause the hedging relationship to be less than highly ef) Tj ET Q q 0 0 0 rg BT 488.01 718.10 Td (fective which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (would trigger dedesignation of the hedging relationship. ) Tj ET Q q 0 0 0 rg BT 279.49 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 296.99 706.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 336.25 706.10 Td (fective for fiscal years, and interim periods within those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (years, beginning after December 31, 2016; early adoption and prospective application is permitted. ) Tj ET Q q 0 0 0 rg BT 448.02 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 456.66 694.10 Td (e will consider this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (guidance going-forward if a novation occurs related to any of our derivative contracts described in Note 10, "Derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 153.04 670.10 Td (Activities.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 652.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 652.10 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 172.21 652.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 652.10 Td (Accounting Standards Update No. 2016-15, "Classification of Certain Cash Receipts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (and Cash Payments" \("ASU 2016-15"\), to add and clarify guidance on the classification of certain cash receipts and payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (in the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 173.96 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.45 628.10 Td (ASU includes guidance on classification for the following items: debt prepayment or debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (extinguishment costs, settlement of zero coupon bonds, contingent consideration payments made after a business combination, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (proceeds from the settlement of insurance claims and corporate-owned or bank-owned life insurance policies, distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (received from equity method investees, beneficial interests in securitization transactions, and other separately identifiable cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (flows where application of the predominance principle is prescribed. ) Tj ET Q q 0 0 0 rg BT 326.94 580.10 Td (This ) Tj ET Q q 0 0 0 rg BT 346.67 580.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 385.93 580.10 Td (fective for fiscal years, and interim periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (within those years, beginning after December 15, 2017; early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 387.23 568.10 Td (The guidance requires retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (application to all periods presented unless it is impracticable to do so. ) Tj ET Q q 0 0 0 rg BT 330.59 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 339.22 556.10 Td (e are still evaluating the impact that ) Tj ET Q q 0 0 0 rg BT 483.90 556.10 Td (ASU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (2016-15 will have on our consolidated financial statements and related disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 520.10 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 174.96 520.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.87 520.10 Td (Accounting Standards Update No. 2017-04, "Simplifying the ) Tj ET Q q 0 0 0 rg BT 470.79 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 476.20 520.10 Td (est for Goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Impairment" \("ASU 2017-04"\), which simplifies the accounting for goodwill impairment by eliminating step 2 from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (goodwill impairment test. Under the new guidance, if the carrying value of a reporting unit exceeds the fair value, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (impairment loss will be recognized for the amount of that excess, limited to the goodwill allocated to that reporting unit. ) Tj ET Q q 0 0 0 rg BT 533.59 484.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 89.26 472.10 Td (fective for fiscal years and any interim impairment tests for periods beginning after December 15, 2019; early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (adoption is permitted for entities with annual and interim impairment tests occurring after January 1, 2017. ) Tj ET Q q 0 0 0 rg BT 479.71 460.10 Td (The guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (requires adoption on a prospective basis. ) Tj ET Q q 0 0 0 rg BT 214.68 448.10 Td (At this time, we do not expect adoption of this standard to have a significant impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (on our financial position, results of operations, or cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (Note 5. Restructuring and ) Tj ET Q q 0 0 0 rg BT 168.05 412.10 Td (Acquisition Related Expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (Acquisition Related Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 378.10 Td (Acquisition related expenses, which include external costs such as legal, accounting and advisory fees, totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.19 378.10 Td ($22.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 366.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 366.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.78 366.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.72 366.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.61 366.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.97 366.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.55 366.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.55 366.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.55 366.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.99 366.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.99 366.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 480.65 366.10 Td (. Of our 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.10 354.10 Td ($10.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.99 354.10 Td ( related to our acquisition of Rhiag, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.40 354.10 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.29 354.10 Td ( related to our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 475.12 354.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.06 354.10 Td ($7.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.95 354.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (related to other completed and potential acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 325.10 Td (Acquisition related expenses for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.63 325.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.63 325.10 Td ( included $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.06 325.10 Td (2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.95 325.10 Td ( related to our Rhiag acquisition, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.53 325.10 Td (1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.42 325.10 Td ( related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (our acquisitions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.93 313.10 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 313.10 Td ( aftermarket parts distribution businesses in the Netherlands, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.69 313.10 Td (0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.58 313.10 Td ( related to our acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (Coast, and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.72 301.10 Td (1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.61 301.10 Td ( related to other completed acquisitions and acquisitions that were pending as of December 31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 284.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.05 284.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.05 284.10 Td ( expenses included $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.08 284.10 Td (1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.98 284.10 Td ( related to our acquisitions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.39 284.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.16 284.10 Td ( aftermarket parts distribution businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (in the Netherlands; the remainder of our 2014 expenses related to our acquisition of a supplier of replacement parts, supplies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (and accessories for recreational vehicles in our Specialty segment as well as other completed acquisitions and acquisitions that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (were pending as of December 31, 2014. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (Acquisition Integration Plans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 213.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 213.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.13 213.10 Td ( December 31, 2016, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.19 213.10 Td ($15.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.08 213.10 Td ( of restructuring expenses. Of this amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.10 213.10 Td ($10.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 201.10 Td ( was related to ongoing integration activities in our Specialty segment, which was formed in 2014 and subsequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (expanded through acquisitions, including our 2015 Coast acquisition. Expenses incurred were primarily related to facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (closure and relocation costs for duplicate facilities, the mer) Tj ET Q q 0 0 0 rg BT 286.12 177.10 Td (ger of existing facilities into lar) Tj ET Q q 0 0 0 rg BT 411.73 177.10 Td (ger distribution centers, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (termination of employees. ) Tj ET Q q 0 0 0 rg BT 157.01 165.10 Td (W) Tj ET Q q 0 0 0 rg BT 165.65 165.10 Td (e also incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.01 165.10 Td ($3.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.90 165.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.34 165.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.23 165.10 Td ( of restructuring expenses, including primarily facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (rationalization activities, related to our North ) Tj ET Q q 0 0 0 rg BT 232.44 153.10 Td (America and Europe acquisitions, respectively) Tj ET Q q 0 0 0 rg BT 418.12 153.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 135.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 135.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.13 135.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.63 135.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.21 135.10 Td (, we incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.19 135.10 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.08 135.10 Td ( of restructuring expenses. Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (incurredwere primarily a result of the integration of our Coast acquisition and our October 2014 acquisition of a supplier of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (parts for recreational vehicles into our Specialty business and the integration of our acquisition of Parts Channel into our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (existing North ) Tj ET Q q 0 0 0 rg BT 109.44 99.10 Td (American wholesale business. ) Tj ET Q q 0 0 0 rg BT 232.56 99.10 Td (These integration activities included the closure of duplicate facilities, termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (of employees in connection with the consolidation of overlapping facilities with our existing business, and moving expenses.) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 742.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.13 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.63 742.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.21 742.10 Td (, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.19 742.10 Td ($5.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.08 742.10 Td ( of restructuring expenses as a result of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (integration of our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 256.52 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 260.97 730.10 Td (Also during 2014, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.95 730.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.84 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.84 730.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.73 730.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.67 730.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.56 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (of other restructuring costs related to our Europe, North ) Tj ET Q q 0 0 0 rg BT 274.94 718.10 Td (America, and Specialty acquisitions, respectively) Tj ET Q q 0 0 0 rg BT 471.45 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.26 718.10 Td (These costs are a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (result of activities to integrate our acquisitions into our existing business, including the closure of duplicate facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (termination of employees in connection with the consolidation of overlapping facilities with our existing business, moving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (expenses, and other third party services directly related to our acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 664.10 Td (e expect to incur additional expenses related to the integration of certain of our acquisitions into our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (operations in 2017. ) Tj ET Q q 0 0 0 rg BT 129.25 652.10 Td (These integration activities are expected to include the closure of duplicate facilities, rationalization of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (personnel in connection with the consolidation of overlapping facilities with our existing business, and moving expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Future expenses to complete these integration plans are expected to be less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.28 628.10 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.18 628.10 Td (; this amount excludes any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (potential future restructuring expense related to the integration of our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 455.82 616.10 Td ( with our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Eur) Tj ET Q q 0 0 0 rg BT 64.63 586.10 Td (opean Restructuring Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (In the third quarter of 2014, we initiated restructuring activities to eliminate overlapping positions within certain of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (European operations. ) Tj ET Q q 0 0 0 rg BT 136.92 556.10 Td (As a result of these restructuring activities, we incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.73 556.10 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.62 556.10 Td (of expenses during theyear ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (December 31, 2014, primarily for severance costs to terminated employees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Note 6. Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (In order to attract and retain employees, non-employee directors, consultants, and other persons associated with us, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (may grant qualified and nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units \(RSUs\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (performance shares and performance units under the LKQ Corporation 1998 Equity Incentive Plan \(the Equity Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Plan\). ) Tj ET Q q 0 0 0 rg BT 80.37 466.10 Td (The total number of shares approved by our stockholders for issuance under the Equity Incentive Plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.98 466.10 Td (69.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.87 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (shares, subject to antidilution and other adjustment provisions. ) Tj ET Q q 0 0 0 rg BT 302.56 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.20 454.10 Td (e have granted RSUs, stock options, and restricted stock under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the Equity Incentive Plan. Of the shares approved by our stockholders for issuance under the Equity Incentive Plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.87 442.10 Td (1) Tj ET Q q 0 0 0 rg BT 519.50 442.10 Td (1.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 430.10 Td ( shares remained available for issuance as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.37 430.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.95 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 342.77 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 351.41 430.10 Td (e expect to issue new shares of common stock to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (cover past and future equity grants.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (RSUs vest over periods of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.27 382.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.82 382.10 Td ( years, subject to a continued service condition. Currently outstanding RSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (contain either a time-based vesting condition or a combination of a performance-based vesting condition and a time-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (vesting condition, in which case, both conditions must be met before any RSUs vest. For the RSUs containing a performance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (based vesting condition, the Company must report positive diluted earnings per share, subject to certain adjustments, during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (any fiscal year period within) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.90 334.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.45 334.10 Td (years following the grant date. Each RSU converts into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.23 334.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.67 334.10 Td ( share of LKQ common stock on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (the applicable vesting date. ) Tj ET Q q 0 0 0 rg BT 161.17 322.10 Td (The grant date fair value of RSUs is based on the market price of LKQ stock on the grant date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 304.10 Td (The Compensation Committee approved the grant of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.56 304.10 Td (261,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.06 304.10 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.34 304.10 Td (215,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.84 304.10 Td (; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.05 304.10 Td (175,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.55 304.10 Td ( RSUs to our executive of) Tj ET Q q 0 0 0 rg BT 527.97 304.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (that include both a performance-based vesting condition and a time-based vesting condition in 2016, 2015, and 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 280.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 280.10 Td (The performance-based vesting conditions for the 2016, 2015, and 2014 grants to our executive of) Tj ET Q q 0 0 0 rg BT 495.52 280.10 Td (ficers have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (satisfied.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 250.10 Td (The fair value of RSUs that vested during the years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.68 250.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.68 250.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.68 250.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.68 250.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.12 250.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.12 250.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.67 250.10 Td ($29.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.56 250.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ($28.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 238.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.33 238.10 Td ($27.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.22 238.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 229.88 238.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.10 Td (In January 2017, our Board of Directors granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.22 220.10 Td (678,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.72 220.10 Td ( RSUs to employees \(including executive of) Tj ET Q q 0 0 0 rg BT 490.17 220.10 Td (ficers\). ) 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 31.60 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following table summarizes activity related to our RSUs under the Equity Incentive Plan:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 663.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 663.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 663.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 663.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 663.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 633.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 633.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 633.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 633.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 633.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 603.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 603.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 603.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 603.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 603.60 70.00 -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 287.5 678.6 m 345.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 678.6 m 407.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 678.6 m 469.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 678.6 m 543.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 678.6 m 345.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 618.6 m 345.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 604.6 m 345.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 602.6 m 345.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 602.6 m 345.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 604.6 m 345.5 604.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.85 690.83 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 682.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.75 706.83 Td (W) Tj ET Q q 0 0 0 rg BT 369.31 706.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 698.83 Td (A) Tj ET Q q 0 0 0 rg BT 369.23 698.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.55 690.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.15 682.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 374.67 682.83 Td ( ) Tj ET Q q 0 0 0 rg BT 376.52 682.83 Td (V) Tj ET Q q 0 0 0 rg BT 381.56 682.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.75 722.83 Td (W) Tj ET Q q 0 0 0 rg BT 431.31 722.83 Td (eighted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.05 714.83 Td (A) Tj ET Q q 0 0 0 rg BT 431.23 714.83 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 706.83 Td (Remaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.30 698.83 Td (Contractual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 690.83 Td (T) Tj ET Q q 0 0 0 rg BT 435.40 690.83 Td (erm ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.85 682.83 Td (\(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 698.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 507.68 698.83 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 690.83 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 513.94 690.83 Td (V) Tj ET Q q 0 0 0 rg BT 518.98 690.83 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.60 682.83 Td ( \(in thousands\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 533.29 686.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 669.17 Td (Unvested as of January 1, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 668.27 Td (1,981,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 668.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 668.27 Td (24.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 654.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 653.27 Td (976,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 653.27 Td (29.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 639.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 638.32 Td (\(996,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 638.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 638.27 Td (22.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 624.17 Td (Forfeited / Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 623.32 Td (\(87,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 623.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 623.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 623.27 Td (27.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 609.17 Td (Unvested as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 608.27 Td (1,873,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 608.27 Td (27.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 593.27 Td (Expected to vest after December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 593.27 Td (1,723,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 593.27 Td (27.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 593.27 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 593.27 Td (52,828) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 575.63 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 93.58 575.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.20 571.10 Td (The aggregate intrinsic value of unvested and expected to vest RSUs represents the total pretax intrinsic value \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td (fair value of the Company's stock on the last day of each period multiplied by the number of units\) that would have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 547.10 Td (been received by the holders had all RSUs vested. ) Tj ET Q q 0 0 0 rg BT 288.54 547.10 Td (This amount changes based on the market price of the Company) Tj ET Q q 0 0 0 rg BT 548.47 547.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 535.10 Td (common stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 499.10 Td (Stock options vest over periods of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 499.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.20 499.10 Td ( years, subject to a continued service condition. Stock options expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.26 487.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.93 487.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.26 487.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.48 487.10 Td (years from the date they are granted. No stock options were granted during 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 469.10 Td (The total grant-date fair value of options that vested during the years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.09 469.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.09 469.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.53 469.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.53 469.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.08 469.10 Td ($1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 457.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 457.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 457.10 Td (, respectively; no options vested during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 457.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.30 457.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 439.10 Td (The following table summarizes activity related to our stock options under the Equity Incentive Plan:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 378.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 378.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 378.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 378.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 378.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 348.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 348.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 348.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 348.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 348.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 318.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 318.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 318.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 318.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 318.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 318.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 318.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 318.60 70.00 -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 287.5 378.6 m 345.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 378.6 m 407.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 378.6 m 469.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 378.6 m 543.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 378.6 m 345.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 333.6 m 345.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 319.6 m 345.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 317.6 m 345.5 317.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.85 390.83 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 382.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.75 398.83 Td (W) Tj ET Q q 0 0 0 rg BT 369.31 398.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 390.83 Td (A) Tj ET Q q 0 0 0 rg BT 369.23 390.83 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.75 382.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 370.04 382.83 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.75 420.68 Td (W) Tj ET Q q 0 0 0 rg BT 431.31 420.68 Td (eighted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.05 412.68 Td (A) Tj ET Q q 0 0 0 rg BT 431.23 412.68 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 404.68 Td (Remaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.30 396.68 Td (Contractual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 388.68 Td (T) Tj ET Q q 0 0 0 rg BT 435.40 388.68 Td (erm ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.85 380.73 Td (\(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 398.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 507.68 398.83 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 390.83 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 513.94 390.83 Td (V) Tj ET Q q 0 0 0 rg BT 518.98 390.83 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.60 382.83 Td ( \(in thousands\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 533.29 386.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 369.17 Td (Balance as of January 1, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 368.27 Td (3,765,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 368.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 368.27 Td (8.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 354.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.30 353.32 Td (\(1,124,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 353.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 353.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 353.27 Td (7.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 353.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 353.27 Td (27,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 339.17 Td (Forfeited / Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 338.32 Td (\(18,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 338.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 338.27 Td (24.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 324.17 Td (Balance as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 323.27 Td (2,623,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 323.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 323.27 Td (9.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 323.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 323.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 323.27 Td (56,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 308.27 Td (Exercisable as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 308.27 Td (2,543,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 308.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 308.27 Td (8.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 308.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 308.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 308.27 Td (56,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 293.27 Td (Exercisable as of December 31, 2016 and expected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 283.27 Td (to vest thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 283.27 Td (2,623,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 283.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 283.27 Td (9.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 283.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 283.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 283.27 Td (56,427) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 265.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 261.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 261.10 Td (The aggregate intrinsic value of outstanding, exercisable and expected to vest options represents the total pretax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 249.10 Td (intrinsic value \(the dif) Tj ET Q q 0 0 0 rg BT 174.40 249.10 Td (ference between the fair value of the Company's stock on the last day of each period and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 237.10 Td (exercise price, multiplied by the number of options where the fair value exceeds the exercise price\) that would have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 225.10 Td (been received by the option holders had all option holders exercised their options as of the last day of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 213.10 Td (indicated. ) Tj ET Q q 0 0 0 rg BT 127.47 213.10 Td (This amount changes based on the market price of the Company) Tj ET Q q 0 0 0 rg BT 387.40 213.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 457.21 213.10 Td (The aggregate intrinsic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 201.10 Td (value of stock options exercised during the years ended December 31, 2015 and 2014 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.67 201.10 Td ($32.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.56 201.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 201.10 Td ($38.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 189.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 189.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 167.55 189.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (Stock-Based Compensation Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 153.10 Td (For the RSUs that contain both a performance-based vesting condition and a time-based vesting condition, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (recognize compensation expense under the accelerated attribution method, pursuant to which expense is recognized over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (requisite service period for each separate vesting tranche of the award. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.83 129.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.42 129.10 Td (, 2015, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (2014, we recognized $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.52 117.10 Td (7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.41 117.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.41 117.10 Td ($8.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.31 117.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 117.10 Td ($8.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.14 117.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 361.80 117.10 Td (, of stock based compensation expense related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (the RSUs containing a performance-based vesting condition. For all other awards, which are subject to only a time-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (vesting condition, we recognize compensation expense on a straight-line basis over the requisite service period of the entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (award.) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (In 2015 and 2014, compensation expense was adjusted to reflect estimated forfeitures. ) Tj ET Q q 0 0 0 rg BT 433.49 742.10 Td (When estimating forfeitures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (we considered voluntary and involuntary termination behavior as well as analysis of historical forfeitures. ) Tj ET Q q 0 0 0 rg BT 475.53 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 484.57 730.10 Td (ith the adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (ASU 2016-09 beginning in 2016, we no longer estimate forfeitures; rather) Tj ET Q q 0 0 0 rg BT 346.47 718.10 Td (, forfeitures are recorded as they occur) Tj ET Q q 0 0 0 rg BT 500.00 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (The components of pre-tax stock-based compensation expense for our continuing operations are as follows \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 651.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 621.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 621.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 621.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 621.60 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 326.5 664.6 m 391.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 664.6 m 395.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 664.6 m 460.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 664.6 m 464.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 664.6 m 529.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 651.6 m 391.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 651.6 m 460.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 651.6 m 529.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 651.6 m 391.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 651.6 m 460.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 651.6 m 529.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 621.6 m 391.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 607.6 m 391.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 605.6 m 391.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 621.6 m 460.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 607.6 m 460.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 605.6 m 460.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 621.6 m 529.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 607.6 m 529.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 605.6 m 529.5 605.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.20 668.83 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 655.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.50 655.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 655.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 655.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 642.17 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 641.27 Td (22,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 641.27 Td (21,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 641.27 Td (18,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 627.17 Td (Stock options and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 626.27 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 626.27 Td (278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 626.27 Td (3,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 612.17 Td (Total stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 611.27 Td (22,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 611.27 Td (21,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 611.27 Td (22,021) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.10 Td (The following table sets forth the classification of total stock-based compensation expense included in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (Consolidated Statements of Income for our continuing operations \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 540.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 510.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 510.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 510.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 510.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 480.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 480.60 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 326.5 553.6 m 391.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 553.6 m 395.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 553.6 m 460.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 553.6 m 464.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 553.6 m 529.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 540.6 m 391.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 540.6 m 460.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 540.6 m 529.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 540.6 m 391.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 540.6 m 460.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 540.6 m 529.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 495.6 m 391.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 495.6 m 460.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 495.6 m 529.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 465.6 m 391.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 465.6 m 460.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 465.6 m 529.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 451.6 m 391.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 449.6 m 391.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 451.6 m 460.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 449.6 m 460.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 451.6 m 529.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 449.6 m 529.5 449.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.20 557.83 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 544.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.50 544.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 544.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 544.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 531.17 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 530.27 Td (407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 530.27 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 530.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 516.17 Td (Facility and warehouse expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 515.27 Td (3,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 515.27 Td (2,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 515.27 Td (2,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 501.17 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 500.27 Td (17,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 500.27 Td (18,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 500.27 Td (19,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 485.27 Td (22,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 485.27 Td (21,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 485.27 Td (22,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 471.17 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 470.32 Td (\(8,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.80 470.32 Td (\(8,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 470.32 Td (\(8,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 456.17 Td (Total stock-based compensation expense, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 455.27 Td (14,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 455.27 Td (13,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 455.27 Td (13,543) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.10 Td (Income from discontinued operations included $0.1 million of pre-tax stock-based compensation expense. ) Tj ET Q q 0 0 0 rg BT 512.93 433.10 Td (W) Tj ET Q q 0 0 0 rg BT 521.57 433.10 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (not capitalized any stock-based compensation costs during the years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.16 421.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.16 421.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.16 421.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.16 421.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.49 421.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.49 421.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 403.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 403.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 403.10 Td (, unrecognized compensation expense related to unvested RSUs is expected to be recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 359.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 359.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 329.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 329.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 299.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 299.60 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 363 359.6 m 428 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 284.6 m 428 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 270.6 m 428 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 268.6 m 428 268.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.40 363.83 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 350.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 349.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 349.27 Td (15,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 335.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 334.27 Td (10,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 320.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 319.27 Td (6,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 305.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 304.27 Td (3,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 290.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 289.27 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 275.17 Td (Total unrecognized compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 274.27 Td (35,609) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 252.10 Td (Stock-based compensation expense related to these awards will be dif) Tj ET Q q 0 0 0 rg BT 364.90 252.10 Td (ferent to the extent that forfeitures are realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (Note 7. Earnings Per) Tj ET Q q 0 0 0 rg BT 141.20 228.10 Td ( Shar) Tj ET Q q 0 0 0 rg BT 164.08 228.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 210.10 Td (Basic earnings per share are computed using the weighted average number of common shares outstanding during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (period. Diluted earnings per share incorporate the incremental shares issuable upon the assumed exercise of stock options and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (the assumed vesting of RSUs and restricted stock. Certain of our RSUs and stock options were excluded from the calculation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (diluted earnings per share because they were antidilutive, but these equity instruments could be dilutive in the future.) Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following chart sets forth the computation of earnings per share \(in thousands, except per share amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 705.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 665.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 665.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 665.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 665.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 635.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 635.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 635.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 635.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 605.60 309.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 605.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 605.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 605.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 605.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 605.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 565.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 565.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 565.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 565.60 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 358.5 718.6 m 423.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 718.6 m 427.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 496.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 705.6 m 423.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 705.6 m 492.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 705.6 m 561.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 705.6 m 423.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 691.6 m 423.5 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 689.6 m 423.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 705.6 m 492.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 691.6 m 492.5 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 689.6 m 492.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 705.6 m 561.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 691.6 m 561.5 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 689.6 m 561.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 689.6 m 423.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 691.6 m 423.5 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 689.6 m 492.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 691.6 m 492.5 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 689.6 m 561.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 691.6 m 561.5 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 605.6 m 423.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 605.6 m 492.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 605.6 m 561.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 581.6 m 423.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 579.6 m 423.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 581.6 m 492.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 579.6 m 492.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 581.6 m 561.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 579.6 m 561.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 579.6 m 423.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 581.6 m 423.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 566.6 m 423.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 564.6 m 423.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 579.6 m 492.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 581.6 m 492.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 566.6 m 492.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 564.6 m 492.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 579.6 m 561.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 581.6 m 561.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 566.6 m 561.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 564.6 m 561.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 564.6 m 423.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 566.6 m 423.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 551.6 m 423.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 549.6 m 423.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 564.6 m 492.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 566.6 m 492.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 551.6 m 492.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 549.6 m 492.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 564.6 m 561.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 566.6 m 561.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 551.6 m 561.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 549.6 m 561.5 549.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 722.83 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 709.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 709.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 696.17 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 695.27 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 695.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 695.27 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 681.17 Td (Denominator for basic earnings per shareWeighted-average shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 671.17 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 670.27 Td (306,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 670.27 Td (304,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 670.27 Td (302,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 656.17 Td (Effect of dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 641.17 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 640.27 Td (689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 640.27 Td (667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 640.27 Td (791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 626.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 625.27 Td (2,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 625.27 Td (2,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 625.27 Td (2,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 611.17 Td (Restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 610.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 596.17 Td (Denominator for diluted earnings per shareAdjusted weighted-average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 586.17 Td (shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 585.27 Td (309,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 585.27 Td (307,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 585.27 Td (306,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 571.17 Td (Basic earnings per share from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 570.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 570.27 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 570.27 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 556.17 Td (Diluted earnings per share from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 555.27 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 555.27 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 555.27 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 533.10 Td (The following table sets forth the number of employee stock-based compensation awards outstanding but not included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (in the computation of diluted earnings per share because their ef) Tj ET Q q 0 0 0 rg BT 306.39 521.10 Td (fect would have been antidilutive \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 484.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 484.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 484.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 484.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 454.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 454.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 454.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 454.60 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 309 497.6 m 374 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 497.6 m 378 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 497.6 m 443 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 497.6 m 447 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 497.6 m 512 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 484.6 m 374 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 484.6 m 443 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 484.6 m 512 484.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 501.83 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 488.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 488.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 488.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 488.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 475.17 Td (Antidilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 460.17 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 459.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 459.27 Td (230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 459.27 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 445.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 444.27 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 444.27 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 444.27 Td (116) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (Note 8. ) Tj ET Q q 0 0 0 rg BT 84.44 416.10 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 168.96 416.10 Td ( Compr) Tj ET Q q 0 0 0 rg BT 201.84 416.10 Td (ehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 398.10 Td (The components of ) Tj ET Q q 0 0 0 rg BT 165.15 398.10 Td (Accumulated Other Comprehensive Income \(Loss\) are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 350.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 350.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 350.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 350.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 350.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 350.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 350.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 350.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 350.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 320.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 320.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 320.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 320.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 320.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 290.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 290.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 290.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 290.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 290.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 260.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 260.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 260.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 260.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 260.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 230.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 230.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 230.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 230.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 230.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 200.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 200.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 200.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 200.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 200.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 170.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 170.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 170.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 170.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 170.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 170.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 170.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 170.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 170.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 140.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 140.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 140.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 140.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 140.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 140.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 140.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 140.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 140.60 67.00 -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 281.5 350.6 m 348.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 350.6 m 419.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 350.6 m 490.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 350.6 m 561.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 350.6 m 348.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 350.6 m 419.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 350.6 m 490.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 350.6 m 561.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 275.6 m 348.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 275.6 m 419.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 275.6 m 490.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 275.6 m 561.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 200.60000000000002 m 490.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 200.60000000000002 m 348.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 200.60000000000002 m 419.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 200.60000000000002 m 490.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 200.60000000000002 m 561.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 125.60000000000002 m 348.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 125.60000000000002 m 419.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 125.60000000000002 m 490.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 125.60000000000002 m 561.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 111.60000000000002 m 348.5 111.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 109.60000000000002 m 348.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 111.60000000000002 m 419.5 111.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 109.60000000000002 m 419.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 111.60000000000002 m 490.5 111.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 109.60000000000002 m 490.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 111.60000000000002 m 561.5 111.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 109.60000000000002 m 561.5 109.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 354.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.20 370.83 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.10 362.83 Td (Currency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.75 354.83 Td (Translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.45 378.83 Td (Unrealized\(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.05 370.83 Td (Gain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.15 362.83 Td (onCash Flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.05 354.83 Td (Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.45 370.83 Td (UnrealizedGain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.05 362.83 Td (\(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.60 354.83 Td (onPensionPlans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.80 378.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.35 370.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.90 362.83 Td (Comprehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.35 354.83 Td (Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 341.17 Td (Balance at January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 340.27 Td (24,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 340.32 Td (\(5,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 340.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 340.27 Td (701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 340.27 Td (20,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 326.17 Td (Pretax loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.80 325.32 Td (\(51,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 325.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 325.32 Td (\(1,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 325.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 325.32 Td (\(13,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 325.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 325.32 Td (\(67,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 325.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 310.27 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 310.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 310.27 Td (382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 310.27 Td (3,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 310.27 Td (3,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 296.17 Td (Reclassification of unrealized loss \(gain\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 295.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 295.27 Td (5,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 295.32 Td (\(166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 295.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 295.27 Td (5,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 280.27 Td (Reclassification of deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 280.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 280.32 Td (\(1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 280.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 280.27 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 280.32 Td (\(1,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 280.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 266.17 Td (Balance at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.80 265.32 Td (\(27,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 265.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 265.32 Td (\(3,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 265.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 265.32 Td (\(9,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 265.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 265.32 Td (\(40,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 265.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 251.17 Td (Pretax \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.80 250.32 Td (\(69,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 250.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 250.32 Td (\(1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 250.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 250.27 Td (2,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 250.32 Td (\(69,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 250.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 236.17 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 235.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 235.27 Td (538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 235.32 Td (\(561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 235.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 235.32 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 235.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 221.17 Td (Reclassification of unrealized loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 220.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 220.27 Td (5,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 220.27 Td (559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 220.27 Td (5,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 206.17 Td (Reclassification of deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 205.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 205.32 Td (\(1,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 205.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 205.32 Td (\(140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 205.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 205.32 Td (\(1,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 205.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 191.17 Td (Balance at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 190.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.80 190.32 Td (\(96,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 190.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 190.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 190.32 Td (\(932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 190.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 190.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 190.32 Td (\(7,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 190.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 190.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 190.32 Td (\(105,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 190.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 176.17 Td (Pretax \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 175.32 Td (\(175,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 175.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 175.27 Td (12,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 175.27 Td (7,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 175.32 Td (\(156,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 175.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 161.17 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 160.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 160.32 Td (\(4,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 160.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 160.32 Td (\(2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 160.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 160.32 Td (\(7,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 160.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 146.17 Td (Reclassification of unrealized loss \(gain\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 145.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 145.27 Td (1,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 145.27 Td (496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 145.27 Td (2,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 131.17 Td (Reclassification of deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 130.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 130.32 Td (\(567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 130.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 130.32 Td (\(124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 130.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 130.32 Td (\(691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 130.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 116.17 Td (Balance at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 115.32 Td (\(272,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 115.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 115.27 Td (8,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 115.32 Td (\(2,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 115.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 115.32 Td (\(267,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 115.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 93.10 Td (Net unrealized losses on our interest rate swaps totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.21 93.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.11 93.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.11 93.10 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 93.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.94 93.10 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.83 93.10 Td ( were reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (to interest expense in our Consolidated Statements of Income during each of the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.94 81.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.53 81.10 Td (, 2015, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 74.82 69.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 69.10 Td (e also reclassified a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.52 69.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.41 69.10 Td ( related to our cross currency swaps and a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.62 69.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.51 69.10 Td ( related to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (foreign currency forward contracts to Interest and other income, net in our Consolidated Statements of Income for the years ) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (ended December 31, 2016 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 247.06 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 251.88 742.10 Td (The deferred income taxes related to our cash flow hedges were reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.39 730.10 Td (Accumulated other comprehensive income \(loss\) to income tax expense.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Note 9. Long-T) Tj ET Q q 0 0 0 rg BT 116.30 706.10 Td (erm Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 115.85 688.10 Td (erm Obligations consist of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 651.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 621.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 621.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 621.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 591.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 591.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 591.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 561.60 378.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 561.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 561.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 561.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 521.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 521.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 521.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 491.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 491.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 491.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 461.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 461.60 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 427.5 664.6 m 492.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 664.6 m 496.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 664.6 m 561.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 651.6 m 492.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 651.6 m 561.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 651.6 m 561.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 521.6 m 492.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 521.6 m 561.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 476.6 m 492.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 476.6 m 561.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 446.6 m 492.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 446.6 m 561.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 446.6 m 492.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 432.6 m 492.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 430.6 m 492.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 446.6 m 561.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 432.6 m 561.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 430.6 m 561.5 430.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 668.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 655.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 655.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 642.17 Td (Senior secured credit agreement:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 627.17 Td (Term loans payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 626.27 Td (732,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 626.27 Td (410,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 612.17 Td (Revolving credit facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 611.27 Td (1,358,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 611.27 Td (480,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 597.17 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 596.27 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 596.27 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 582.17 Td (Euro notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 581.27 Td (525,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 581.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 567.17 Td (Receivables securitization facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 566.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 566.27 Td (63,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 552.17 Td (Notes payable through October 2025 at weighted average interest rates of 2.1% and 2.2%,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 542.17 Td (respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 541.27 Td (11,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 541.27 Td (16,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 527.17 Td (Other long-term debt at weighted average interest rates of 2.4% and 2.4%, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 526.27 Td (37,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 526.27 Td (29,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 512.17 Td (Total debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 511.27 Td (3,365,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 511.27 Td (1,599,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.17 Td (Less: long-term debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 496.32 Td (\(21,611) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 496.32 Td (\(13,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.17 Td (Less: current debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 481.32 Td (\(2,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 481.32 Td (\(1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 467.17 Td (Total debt, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 466.27 Td (3,341,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 466.27 Td (1,584,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 452.17 Td (Less: current maturities, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 451.32 Td (\(66,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 451.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 451.32 Td (\(56,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 451.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 437.17 Td (Long term debt, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 436.27 Td (3,275,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 436.27 Td (1,528,668) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 402.10 Td (The scheduled maturities of long-term obligations outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.61 402.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.20 402.10 Td ( are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 385.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 385.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 355.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 355.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 325.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 325.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 295.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 295.60 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 393 295.6 m 458 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 295.6 m 458 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 281.6 m 458 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 279.6 m 458 279.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 376.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 375.27 Td (68,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 361.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 360.27 Td (42,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 346.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 345.27 Td (140,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 331.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 330.27 Td (39,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 316.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 315.27 Td (1,942,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 301.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 300.27 Td (1,132,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 285.27 Td (T) Tj ET Q q 0 0 0 rg BT 160.91 285.27 Td (otal debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.12 289.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 285.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 285.27 Td (3,365,687) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.50 274.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 270.27 Td ( ) Tj ET Q q 0 0 0 rg BT 165.40 270.27 Td (The total debt amounts presented above exclude debt issuance costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 260.27 Td (totaling $23.9 million as of December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (Senior Secur) Tj ET Q q 0 0 0 rg BT 101.01 230.10 Td (ed Cr) Tj ET Q q 0 0 0 rg BT 123.13 230.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 140.45 230.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 155.08 230.10 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 212.10 Td (On January 29, 2016, LKQ Corporation, LKQ Delaware LLP) Tj ET Q q 0 0 0 rg BT 331.22 212.10 Td (, and certain other subsidiaries \(collectively) Tj ET Q q 0 0 0 rg BT 504.96 212.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td ("Borrowers"\) entered into the Fourth ) Tj ET Q q 0 0 0 rg BT 199.52 200.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 321.71 200.10 Td (Agreement \("Credit ) Tj ET Q q 0 0 0 rg BT 402.99 200.10 Td (Agreement"\), which amended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 188.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.88 188.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 122.04 188.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 244.23 188.10 Td (Agreement by modifying certain terms to \(1\) extend the maturity date by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (approximately two years to January 29, 2021; \(2\) increase the total availability under the credit agreement from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.73 176.10 Td ($2.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.84 176.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td ($3.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 164.10 Td ( \(composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.82 164.10 Td ($2.45 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.93 164.10 Td ( in the revolving credit facility's multicurrency component; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.27 164.10 Td ($750 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.66 164.10 Td ( of term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (loans, which consist of a term loan of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.72 152.10 Td ($500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 152.10 Td ( and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.49 152.10 Td (230 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.88 152.10 Td ( term loan\); \(3\) increase our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (incur additional indebtedness; and \(4\) make other immaterial or clarifying modifications and amendments to the terms of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 74.17 128.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 196.36 128.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 245.60 128.10 Td (The additional term loan borrowing was used to repay outstanding revolver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (borrowings and the amount outstanding under our receivables securitization facility) Tj ET Q q 0 0 0 rg BT 383.97 116.10 Td (, and to pay fees and expenses relating to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (the amendment and restatement. ) Tj ET Q q 0 0 0 rg BT 181.71 104.10 Td (The remaining additional term loan borrowing will be used for general corporate purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 86.10 Td (On December 14, 2016, LKQ Corporation entered into ) Tj ET Q q 0 0 0 rg BT 307.61 86.10 Td (Amendment No. 1 to the Fourth ) Tj ET Q q 0 0 0 rg BT 437.88 86.10 Td (Amended and Restated Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (Agreement under which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.85 74.10 Td (230 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.24 74.10 Td ( term loan was prepaid in full using proceeds from borrowings on the multicurrency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (revolving credit facility) Tj ET Q q 0 0 0 rg BT 143.76 62.10 Td (. Simultaneously) Tj ET Q q 0 0 0 rg BT 210.33 62.10 Td (, LKQ Corporation borrowed incremental U.S. dollar \("USD"\) term loans under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 50.10 Td (Agreement, which were used to repay outstanding borrowings on the USD revolving credit facility) Tj ET Q q 0 0 0 rg BT 471.75 50.10 Td (. LKQ Corporation ) 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 31.60 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (borrowed additional USD amounts on the revolving credit facility and entered into a cross currency swap transaction to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (exchange the borrowed USD for euro and sent these amounts to LKQ Netherlands B.V) Tj ET Q q 0 0 0 rg BT 396.95 730.10 Td (. as an intercompany loan, which LKQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Netherlands B.V) Tj ET Q q 0 0 0 rg BT 115.92 718.10 Td (. used to repay the multicurrency revolving credit facility borrowings. ) Tj ET Q q 0 0 0 rg BT 397.32 718.10 Td (These transactions had the ef) Tj ET Q q 0 0 0 rg BT 513.20 718.10 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (replacing the euro term loan with a USD term loan. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.98 706.10 Td (Note 10, "Derivative Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 481.74 706.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.63 706.10 Td (" for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (additional information related to our cross currency swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (Amounts under the revolving credit facility are due and payable upon maturity of the Fourth ) Tj ET Q q 0 0 0 rg BT 457.29 676.10 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 664.10 Td (Agreement on January 29, 2021. ) Tj ET Q q 0 0 0 rg BT 209.41 664.10 Td (Amounts under the initial and additional term loan borrowings will be due and payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (in quarterly installments equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.14 652.10 Td (0.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.97 652.10 Td ( of the original principal amount on each of June 30, September 30, and December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (2016, and quarterly installments thereafter equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 640.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.43 640.10 Td ( of the original principal amount beginning on March 31, 2017, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (the remaining balance due and payable on the maturity date of the Fourth ) Tj ET Q q 0 0 0 rg BT 345.18 628.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 467.37 628.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.32 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.96 610.10 Td (e are required to prepay the term loan by amounts equal to proceeds from the sale or disposition of certain assets if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (the proceeds are not reinvested within twelve months. ) Tj ET Q q 0 0 0 rg BT 267.81 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 276.45 598.10 Td (e also have the option to prepay outstanding amounts under the Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Agreement without penalty) Tj ET Q q 0 0 0 rg BT 158.76 586.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.32 568.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 133.31 568.10 Td (Agreement contains customary representations and warranties, and contains customary covenants that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (provide limitations and conditions on our ability to enter into certain transactions. ) Tj ET Q q 0 0 0 rg BT 378.92 556.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 423.91 556.10 Td (Agreement also contains financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (and af) Tj ET Q q 0 0 0 rg BT 74.53 544.10 Td (firmative covenants, including limitations on our net leverage ratio and a minimum interest coverage ratio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (Borrowings under the Credit ) Tj ET Q q 0 0 0 rg BT 202.65 526.10 Td (Agreement bear interest at variable rates, which depend on the currency and duration of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (the borrowing elected, plus an applicable mar) Tj ET Q q 0 0 0 rg BT 232.25 514.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 249.85 514.10 Td (The applicable mar) Tj ET Q q 0 0 0 rg BT 326.85 514.10 Td (gin is subject to change in increments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.70 514.10 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.53 514.10 Td ( depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (on our net leverage ratio. Interest payments are due on the last day of the selected interest period or quarterly in arrears ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (depending on the type of borrowing. Including the ef) Tj ET Q q 0 0 0 rg BT 261.71 490.10 Td (fect of the interest rate swap agreements described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.34 490.10 Td (Note 10, "Derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 153.04 478.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.92 478.10 Td (," the weighted average interest rates on borrowings outstanding under the Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Agreement at December 31, 2016 and 2015 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.09 466.10 Td (2.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.92 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.36 466.10 Td (1.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.19 466.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 362.85 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.67 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 376.31 466.10 Td (e also pay a commitment fee based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (average daily unused amount of the revolving credit facilities. ) Tj ET Q q 0 0 0 rg BT 300.29 454.10 Td (The commitment fee is subject to change in increments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.66 454.10 Td (0.05%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.49 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (depending on our net leverage ratio. In addition, we pay a participation commission on outstanding letters of credit at an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (applicable rate based on our net leverage ratio, as well as a fronting fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 430.10 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.48 430.10 Td ( to the issuing bank, which are due quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (in arrears.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td (Of the total borrowings outstanding under the Credit ) Tj ET Q q 0 0 0 rg BT 298.19 400.10 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.61 400.10 Td ($37.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 400.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.94 400.10 Td ($22.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.83 400.10 Td ( were classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (current maturities at December 31, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 303.71 388.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.15 388.10 Td (As of December 31, 2016, there were letters of credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (outstanding in the aggregate amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 376.10 Td ($72.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.74 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.56 376.10 Td (The amounts available under the revolving credit facilities are reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (by the amounts outstanding under letters of credit, and thus availability under the revolving credit facilities at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (2016 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 352.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.67 352.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (Related to the execution of the Credit ) Tj ET Q q 0 0 0 rg BT 237.90 334.10 Td (Agreement in January 2016, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.68 334.10 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.57 334.10 Td ( of fees, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.76 334.10 Td ($5.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 322.10 Td ( were capitalized as an of) Tj ET Q q 0 0 0 rg BT 180.04 322.10 Td (fset to Long-T) Tj ET Q q 0 0 0 rg BT 237.11 322.10 Td (erm Obligations and are amortized over the term of the agreement. ) Tj ET Q q 0 0 0 rg BT 506.26 322.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.04 310.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.93 310.10 Td ( of fees, together with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.90 310.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.80 310.10 Td ( of capitalized debt issuance costs related to our ) Tj ET Q q 0 0 0 rg BT 474.16 310.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 498.32 310.10 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Restated Credit ) Tj ET Q q 0 0 0 rg BT 113.88 298.10 Td (Agreement, were expensed during the year ended December 31, 2016 as a loss on debt extinguishment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 280.10 Td (Related to the execution of the ) Tj ET Q q 0 0 0 rg BT 210.78 280.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 234.94 280.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 357.13 280.10 Td (Agreement in March 2014, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.91 280.10 Td ($3.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 268.10 Td ( of fees, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 268.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.98 268.10 Td ( was capitalized as an of) Tj ET Q q 0 0 0 rg BT 297.26 268.10 Td (fset to Long-T) Tj ET Q q 0 0 0 rg BT 354.32 268.10 Td (erm Obligations and amortized over the term of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 96.46 256.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.55 256.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.44 256.10 Td ( of fees were expensed during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.33 256.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.91 256.10 Td ( December 2014 as a loss on debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (extinguishment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (Senior Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 200.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 200.10 Td (April 2014, LKQ Corporation completed an of) Tj ET Q q 0 0 0 rg BT 283.00 200.10 Td (fer to exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.13 200.10 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.52 200.10 Td ( aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.75 200.10 Td (4.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.58 200.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (Senior Notes due 2023 \(the " U.S. Notes"\) for notes previously issued through a private placement. ) Tj ET Q q 0 0 0 rg BT 448.74 188.10 Td (The U.S. Notes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (governed by the Indenture dated as of May 9, 2013 among LKQ Corporation, certain of our subsidiaries \(the "Guarantors"\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 130.27 164.10 Td (Association, as trustee. ) Tj ET Q q 0 0 0 rg BT 224.79 164.10 Td (The U.S. Notes are substantially identical to those previously issued through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (private placement, except the U.S. Notes are registered under the Securities ) Tj ET Q q 0 0 0 rg BT 353.77 152.10 Td (Act of 1933. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 134.10 Td (The U.S. Notes bear interest at a rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.77 134.10 Td (4.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.60 134.10 Td ( per year from the most recent payment date on which interest has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (paid or provided for) Tj ET Q q 0 0 0 rg BT 129.70 122.10 Td (. Interest on the U.S. Notes is payable in arrears on May 15 and November 15 of each year) Tj ET Q q 0 0 0 rg BT 491.53 122.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.35 122.10 Td (The first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (interest payment was made on November 15, 2013. ) Tj ET Q q 0 0 0 rg BT 258.10 110.10 Td (The U.S. Notes are fully and unconditionally guaranteed, jointly and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (severally) Tj ET Q q 0 0 0 rg BT 85.44 98.10 Td (, by the Guarantors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 80.10 Td (The U.S. Notes and the guarantees are, respectively) Tj ET Q q 0 0 0 rg BT 291.94 80.10 Td (, LKQ Corporation and each Guarantor's senior unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (obligations and are subordinated to all of the Guarantors' existing and future secured debt to the extent of the assets securing ) 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 31.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (that secured debt. In addition, the Notes are ef) Tj ET Q q 0 0 0 rg BT 234.19 742.10 Td (fectively subordinated to all of the liabilities of our subsidiaries that are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (guaranteeing the U.S. Notes to the extent of the assets of those subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 704.10 Td (Repayment of Rhiag ) Tj ET Q q 0 0 0 rg BT 133.41 704.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 160.25 704.10 Td (ed Debt and Debt Related Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 686.10 Td (On March 24, 2016, LKQ Netherlands B.V) Tj ET Q q 0 0 0 rg BT 258.29 686.10 Td (., a wholly-owned subsidiary of ours, borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.48 686.10 Td (508 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.87 686.10 Td ( under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (multi-currency revolving credit facility to repay the Rhiag acquired debt and debt related liabilities. ) Tj ET Q q 0 0 0 rg BT 449.95 674.10 Td (The borrowed funds were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (passed through an intercompany note to Rhiag and then were used to pay \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.14 662.10 Td ($519.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.03 662.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.86 662.10 Td (465.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.75 662.10 Td (\) for the principal of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (Rhiag senior note debt assumed with the acquisition, \(ii\) accrued interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.64 650.10 Td ($8.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.53 650.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.36 650.10 Td (7.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.25 650.10 Td (\) on the notes, \(iii\) the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (call premium of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.37 638.10 Td ($23.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.26 638.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.09 638.10 Td (21.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.98 638.10 Td (\) associated with early redemption of the notes and \(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.24 638.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.13 638.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.96 638.10 Td (4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.86 638.10 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (to terminate Rhiag) Tj ET Q q 0 0 0 rg BT 127.20 626.10 Td (s outstanding interest rate swap related to the floating portion of the notes. ) Tj ET Q q 0 0 0 rg BT 426.39 626.10 Td (The call premium is recorded as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (loss on debt extinguishment in the Consolidated Statements of Income. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (Eur) Tj ET Q q 0 0 0 rg BT 64.63 588.10 Td (o Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 570.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 570.10 Td (April 14, 2016, LKQ Italia Bondco S.p.A. \(the Issuer\), an indirect, wholly-owned subsidiary of LKQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (Corporation, completed an of) Tj ET Q q 0 0 0 rg BT 167.56 558.10 Td (fering of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.77 558.10 Td (500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.16 558.10 Td ( aggregate principal amount of senior notes due ) Tj ET Q q 0 0 0 rg BT 448.33 558.10 Td (April 1, 2024 \(the Euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (Notes\) in a private placement conducted pursuant to Regulation S and Rule 144A) Tj ET Q q 0 0 0 rg BT 379.92 546.10 Td ( under the Securities ) Tj ET Q q 0 0 0 rg BT 463.78 546.10 Td (Act of 1933. ) Tj ET Q q 0 0 0 rg BT 516.37 546.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (proceeds from the of) Tj ET Q q 0 0 0 rg BT 132.84 534.10 Td (fering were used to repay a portion of the revolver borrowings under the Credit ) Tj ET Q q 0 0 0 rg BT 451.63 534.10 Td (Agreement and to pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (related fees and expenses. ) Tj ET Q q 0 0 0 rg BT 156.16 522.10 Td (The Euro Notes are governed by the Indenture dated as of ) Tj ET Q q 0 0 0 rg BT 389.68 522.10 Td (April 14, 2016 \(the Indenture\) among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (the Issuer) Tj ET Q q 0 0 0 rg BT 88.20 510.10 Td (, LKQ Corporation and certain of our subsidiaries \(the Euro Notes Subsidiaries\), the trustee, and the paying agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (transfer agent, and registrar) Tj ET Q q 0 0 0 rg BT 159.39 498.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.10 Td (The Euro Notes bear interest at a rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.43 480.10 Td (3.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.26 480.10 Td ( per year from the date of original issuance or from the most recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (payment date on which interest has been paid or provided for) Tj ET Q q 0 0 0 rg BT 294.37 468.10 Td (. Interest on the Euro Notes is payable in arrears on ) Tj ET Q q 0 0 0 rg BT 501.53 468.10 Td (April 1 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (October 1 of each year) Tj ET Q q 0 0 0 rg BT 140.66 456.10 Td (, beginning on October 1, 2016. ) Tj ET Q q 0 0 0 rg BT 270.18 456.10 Td (The Euro Notes are fully and unconditionally guaranteed by LKQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (Corporation and the Euro Notes Subsidiaries \(the "Euro Notes Guarantors"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.10 Td (The Euro Notes and the guarantees are, respectively) Tj ET Q q 0 0 0 rg BT 293.59 426.10 Td (, the Issuer) Tj ET Q q 0 0 0 rg BT 337.56 426.10 Td () Tj ET Q q 0 0 0 rg BT 340.34 426.10 Td (s and each Euro Notes Guarantor) Tj ET Q q 0 0 0 rg BT 473.16 426.10 Td () Tj ET Q q 0 0 0 rg BT 475.94 426.10 Td (s senior unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (obligations and are subordinated to all of the Issuer's and the Euro Notes Guarantors) Tj ET Q q 0 0 0 rg BT 389.58 414.10 Td ( existing and future secured debt to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (extent of the assets securing that secured debt. In addition, the Euro Notes are ef) Tj ET Q q 0 0 0 rg BT 370.82 402.10 Td (fectively subordinated to all of the liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (our subsidiaries that are not guaranteeing the Euro Notes to the extent of the assets of those subsidiaries. ) Tj ET Q q 0 0 0 rg BT 469.43 390.10 Td (The Euro Notes have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (been listed on the ExtraMOT) Tj ET Q q 0 0 0 rg BT 165.89 378.10 Td (, Professional Segment of the Borsa Italia S.p.A. securities exchange as well as the Global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (Exchange Market of the Irish Stock Exchange.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 348.10 Td (Related to the execution of the Euro Notes in ) Tj ET Q q 0 0 0 rg BT 268.45 348.10 Td (April 2016, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.04 348.10 Td ($10.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.93 348.10 Td ( of fees which were capitalized as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (an of) Tj ET Q q 0 0 0 rg BT 70.09 336.10 Td (fset to Long-T) Tj ET Q q 0 0 0 rg BT 127.15 336.10 Td (erm Obligations and are being amortized over the term of the of) Tj ET Q q 0 0 0 rg BT 382.71 336.10 Td (fering. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Restricted Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.10 Td (Our senior secured credit agreement and our senior notes indentures contain limitations on payment of cash dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (or other distributions of assets. Based on limitations in ef) Tj ET Q q 0 0 0 rg BT 278.13 280.10 Td (fect under our senior secured credit agreement and senior notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (indentures, the maximum amount of dividends we could pay as of December 31, 2016 was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.01 268.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.12 268.10 Td (.) Tj ET Q q 0 0 0 rg BT 526.94 268.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (limit on the payment of dividends is calculated using historical financial information and will change from period to period.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (Receivables Securitization Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 212.10 Td (On November 29, 2016, we amended the terms of the receivables securitization facility with ) Tj ET Q q 0 0 0 rg BT 457.92 212.10 Td (The Bank of ) Tj ET Q q 0 0 0 rg BT 510.22 212.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.63 212.10 Td (okyo-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (Mitsubishi UFJ, L) Tj ET Q q 0 0 0 rg BT 122.15 200.10 Td (TD. \("BTMU"\) to: \(i\) extend the term of the facility to November 8, 2019; \(ii\) increase the maximum amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 188.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.26 188.10 Td (; and \(iii\) make other clarifying and updating changes. Under the facility) Tj ET Q q 0 0 0 rg BT 440.06 188.10 Td (, LKQ sells an ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (interest in certain receivables, related collections and security interests to BTMU for the benefit of conduit investors and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (financial institutions for cash proceeds. Upon payment of the receivables by customers, rather than remitting to BTMU the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (amounts collected, LKQ retains such collections as proceeds for the sale of new receivables generated by certain of the ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (operations of the Company) Tj ET Q q 0 0 0 rg BT 157.94 140.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 122.10 Td (The sale of the ownership interest in the receivables is accounted for as a secured borrowing in our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (Balance Sheets, under which the receivables included in the program collateralize the amounts invested by BTMU, the conduit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (investors and/or financial institutions \(the "Purchasers"\). ) Tj ET Q q 0 0 0 rg BT 278.77 98.10 Td (The receivables are held by LKQ Receivables Finance Company) Tj ET Q q 0 0 0 rg BT 537.47 98.10 Td (, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (\("LRFC"\), a wholly owned bankruptcy-remote special purpose subsidiary of LKQ, and therefore, the receivables are available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (first to satisfy the creditors of LRFC, including the investors. ) Tj ET Q q 0 0 0 rg BT 296.08 74.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.53 74.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.11 74.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.55 74.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.55 74.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.55 74.10 Td ($140.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.44 74.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.88 74.10 Td ($136.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 62.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 62.10 Td (, of net receivables were collateral for the investment under the receivables facility) Tj ET Q q 0 0 0 rg BT 461.58 62.10 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 301.00 31.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Under the receivables facility) Tj ET Q q 0 0 0 rg BT 203.35 742.10 Td (, we pay variable interest rates plus a mar) Tj ET Q q 0 0 0 rg BT 368.93 742.10 Td (gin on the outstanding amounts invested by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Purchasers. ) Tj ET Q q 0 0 0 rg BT 98.14 730.10 Td (The variable rates are based on \(i\) commercial paper rates, \(ii\) the London InterBank Of) Tj ET Q q 0 0 0 rg BT 450.86 730.10 Td (fered Rate \("LIBOR"\), or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (\(iii\) base rates, and are payable monthly in arrears. Commercial paper rates will be the applicable variable rate unless conduit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (investors are not available to invest in the receivables at commercial paper rates. In such case, financial institutions will invest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (at the LIBOR rate or at base rates. ) Tj ET Q q 0 0 0 rg BT 188.93 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 197.57 694.10 Td (e also pay a commitment fee on the excess of the investment maximum over the average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (daily outstanding investment, payable monthly in arrears. ) Tj ET Q q 0 0 0 rg BT 281.89 682.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.34 682.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.92 682.10 Td (, the interest rate under the receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (facility was based on commercial paper rates and was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.41 670.10 Td (1.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.24 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.06 670.10 Td (The outstanding balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.14 670.10 Td ($100.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.03 670.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.19 670.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 658.10 Td ( was classified as long-term on the Consolidated Balance Sheets because we have the ability and intent to refinance these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (borrowings on a long-term basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Note 10. Derivative Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 250.83 622.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 604.10 Td (e are exposed to market risks, including the ef) Tj ET Q q 0 0 0 rg BT 278.56 604.10 Td (fect of changes in interest rates, foreign currency exchange rates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (commodity prices. Under our current policies, we use derivatives to manage our exposure to variable interest rates on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (senior secured debt and changing foreign exchange rates for certain foreign currency denominated transactions. ) Tj ET Q q 0 0 0 rg BT 498.24 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.88 580.10 Td (e do not hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (or issue derivatives for trading purposes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Cash Flow Hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 524.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 524.10 Td (e hold interest rate swap agreements to hedge a portion of the variable interest rate risk on our variable rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (borrowings under our Credit ) Tj ET Q q 0 0 0 rg BT 166.09 512.10 Td (Agreement, with the objective of minimizing the impact of interest rate fluctuations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (stabilizing cash flows. Under the terms of the interest rate swap agreements, we pay the fixed interest rate and receive payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.10 Td (at a variable rate of interest based on LIBOR for the respective currency of each interest rate swap agreement) Tj ET Q q 0 0 0 rg BT 489.79 488.10 Td (s notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 84.81 476.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 110.45 476.10 Td (fective portion of changes in the fair value of the interest rate swap agreements is recorded in ) Tj ET Q q 0 0 0 rg BT 485.02 476.10 Td (Accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (Other Comprehensive Income \(Loss\) and is reclassified to interest expense when the underlying interest payment has an impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (on earnings. ) Tj ET Q q 0 0 0 rg BT 101.20 452.10 Td (The inef) Tj ET Q q 0 0 0 rg BT 134.61 452.10 Td (fective portion of changes in the fair value of the interest rate swap agreements is reported in interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 422.10 Td (As of December 31, 2016, we held interest rate swap contracts representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.89 422.10 Td ($590 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.28 422.10 Td ( of U.S. dollar) Tj ET Q q 0 0 0 rg BT 499.02 422.10 Td (-denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 72.04 410.10 Td (These interest rate swaps were executed during 2016 and have maturity dates ranging from January to June 2021. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (2016, existing swaps relating to a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.47 398.10 Td ($170 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.86 398.10 Td ( of U.S dollar) Tj ET Q q 0 0 0 rg BT 323.10 398.10 Td (-denominated debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.80 398.10 Td (50 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.19 398.10 Td ( of GBP-denominated debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (and C$25 million of CAD-denominated debt expired. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 368.10 Td (From time to time, we may hold foreign currency forward contracts related to certain foreign currency denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (intercompany transactions, with the objective of minimizing the impact of fluctuating exchange rates on these future cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (flows, as well as minimizing the impact of fluctuating exchange rates on our results of operations through the respective dates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (of settlement. Under the terms of the foreign currency forward contracts, we will sell the foreign currency in exchange for U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (dollars at a fixed rate on the maturity dates of the contracts. ) Tj ET Q q 0 0 0 rg BT 290.01 320.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 315.64 320.10 Td (fective portion of the changes in fair value of the foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (currency forward contracts is recorded in ) Tj ET Q q 0 0 0 rg BT 216.59 308.10 Td (Accumulated Other Comprehensive Income \(Loss\) and reclassified to other income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (\(expense\) when the underlying transaction has an impact on earnings. During 2014, foreign currency forward contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (notional amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.49 284.10 Td (70 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.88 284.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.32 284.10 Td (150 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.71 284.10 Td ( were settled through payments to the counterparties totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.37 284.10 Td ($20.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.26 284.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (At that time, we also settled the underlying intercompany debt transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.10 Td (In 2016, we entered into three cross currency swap agreements for a total notional amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.04 254.10 Td ($422.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.93 254.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.76 254.10 Td (400 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 242.10 Td (\) with maturity dates in January 2021. ) Tj ET Q q 0 0 0 rg BT 233.13 242.10 Td (These cross currency swaps contain an interest rate swap component and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (foreign currency forward contract component that, combined with related intercompany financing arrangements, ef) Tj ET Q q 0 0 0 rg BT 510.74 230.10 Td (fectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (convert variable rate U.S. dollar) Tj ET Q q 0 0 0 rg BT 178.08 218.10 Td (-denominated borrowings into fixed rate euro-denominated borrowings. ) Tj ET Q q 0 0 0 rg BT 467.82 218.10 Td (The swaps are intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (to minimize the impact of fluctuating exchange rates and interest rates on the cash flows resulting from the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (intercompany financing arrangements. ) Tj ET Q q 0 0 0 rg BT 206.43 194.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 232.06 194.10 Td (fective portion of the changes in the fair value of the derivative instruments is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (recorded in ) Tj ET Q q 0 0 0 rg BT 97.20 182.10 Td (Accumulated Other Comprehensive Income \(Loss\) and is reclassified to interest expense and other income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (\(expense\) when the underlying transactions have an impact on earnings.) 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 31.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following table summarizes the notional amounts and fair values of our designated cash flow hedges as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 730.10 Td ( \(in thousands\):) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 230.24 730.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 90.00 663.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 663.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 663.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 663.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 663.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 663.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.00 633.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 633.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 633.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 633.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 633.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 633.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 633.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 633.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.00 603.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 603.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 603.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 603.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 603.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 603.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.00 573.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 573.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 573.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 573.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 573.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 573.60 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 90 689.6 m 223 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 689.6 m 227 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 689.6 m 282 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 689.6 m 286 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 689.6 m 344 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 689.6 m 407 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 689.6 m 456 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 689.6 m 521 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 90 689.6 m 223 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 689.6 m 227 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 689.6 m 282 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 663.6 m 282 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 689.6 m 286 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 689.6 m 344 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 663.6 m 344 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 663.6 m 407 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 663.6 m 456 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 689.6 m 521 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 663.6 m 521 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 573.6 m 407 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 573.6 m 456 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 573.6 m 521 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 559.6 m 407 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 557.6 m 407 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 559.6 m 456 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 557.6 m 456 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 559.6 m 521 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 557.6 m 521 557.6 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 255.55 693.83 Td (NotionalAmount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.55 701.83 Td (Fair Value at December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.30 693.83 Td (2016 \(USD\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 709.83 Td (Fair Value at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.75 701.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.30 693.83 Td (2015 \(USD\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.75 675.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.00 667.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.25 675.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.50 667.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.90 667.83 Td (Other Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.85 681.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.05 673.68 Td (Noncurrent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.85 665.73 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.60 675.83 Td (Other Accrued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.20 667.83 Td (Expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 92.50 655.68 Td (Interest rate swap agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 639.17 Td (USD denominated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 639.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 639.17 Td (590,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 639.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 639.17 Td (170,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 638.27 Td (16,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.50 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 638.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 638.27 Td (858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 624.17 Td (GBP denominated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 624.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 624.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 624.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 624.17 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 623.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 623.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 623.27 Td (465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 609.17 Td (CAD denominated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 609.17 Td (C$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.10 609.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 609.17 Td (C$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.60 609.17 Td (25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 608.27 Td (24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 92.50 595.68 Td (Cross currency swap agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 579.17 Td (USD/euro) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 579.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 579.17 Td (422,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 579.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 579.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 579.17 Td (1,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 579.17 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 579.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.60 564.17 Td (Total cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 563.27 Td (17,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 563.27 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 563.27 Td (1,347) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 541.10 Td (While our derivative instruments executed with the same counterparty are subject to master netting arrangements, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (present our cash flow hedge derivative instruments on a gross basis in our Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 468.89 529.10 Td (The impact of netting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (the fair values of these contracts would not have a material ef) Tj ET Q q 0 0 0 rg BT 295.55 517.10 Td (fect on our Consolidated Balance Sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.67 517.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.25 517.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 505.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 487.10 Td (The activity related to our cash flow hedges is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.10 487.10 Td (Note 8, "Accumulated Other Comprehensive Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (\(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.55 475.10 Td (." Inef) Tj ET Q q 0 0 0 rg BT 100.55 475.10 Td (fectiveness related to our cash flow hedges was immaterial to our results of operations during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.83 475.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.83 475.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.83 475.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.83 475.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 74.82 463.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 463.10 Td (e do not expect future inef) Tj ET Q q 0 0 0 rg BT 188.51 463.10 Td (fectiveness related to our cash flow hedges to have a material ef) Tj ET Q q 0 0 0 rg BT 444.05 463.10 Td (fect on our results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 433.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 433.10 Td (, we estimate that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.50 433.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.39 433.10 Td ( of derivative losses \(net of tax\) included in ) Tj ET Q q 0 0 0 rg BT 486.18 433.10 Td (Accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (Other Comprehensive Income \(Loss\) will be reclassified into our Consolidated Statements of Income within the next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.44 421.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.44 421.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (months. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (Other Derivative Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 365.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 365.10 Td (e hold other short-term derivative instruments, including foreign currency forward contracts to manage our exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (to variability related to inventory purchases and intercompany financing transactions denominated in a non-functional currency) Tj ET Q q 0 0 0 rg BT 558.62 353.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 341.10 Td (e have elected not to apply hedge accounting for these transactions, and therefore the contracts are adjusted to fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (through our results of operations as of each balance sheet date, which could result in volatility in our earnings. ) Tj ET Q q 0 0 0 rg BT 493.31 329.10 Td (The notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (amount and fair value of these contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 317.10 Td (December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.18 317.10 Td (, along with the ef) Tj ET Q q 0 0 0 rg BT 412.48 317.10 Td (fect on our results of operations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 305.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 305.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 305.10 Td ( and 2014, were immaterial. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.94 281.10 Td (1. Fair) Tj ET Q q 0 0 0 rg BT 107.58 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.90 281.10 Td (V) Tj ET Q q 0 0 0 rg BT 116.21 281.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 169.07 281.10 Td (ements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 91.20 264.10 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 209.44 264.10 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 256.94 264.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 246.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 246.10 Td (e use the market and income approaches to value our financial assets and liabilities, and during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 234.10 Td (, there were no significant changes in valuation techniques or inputs related to the financial assets or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (liabilities that we have historically recorded at fair value. ) Tj ET Q q 0 0 0 rg BT 280.28 222.10 Td (The tiers in the fair value hierarchy include: Level 1, defined as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (observable inputs such as quoted market prices in active markets; Level 2, defined as inputs other than quoted prices in active ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (market data exists, therefore requiring an entity to develop its own assumptions.) 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 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following tables present information about our financial assets and liabilities measured at fair value on a recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.73 730.10 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 718.10 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 681.60 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 681.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 681.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 681.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 681.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 652.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 652.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 652.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 652.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 622.60 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 622.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 622.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 622.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 622.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 622.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 622.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 622.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 593.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 593.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 593.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 593.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 593.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 593.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 593.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 593.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 563.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 563.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 563.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 563.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 563.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 563.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 563.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 563.60 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 343.5 694.6 m 408.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 694.6 m 412.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 694.6 m 477.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 694.6 m 481.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 694.6 m 546.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 681.6 m 339.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 681.6 m 408.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 681.6 m 477.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 681.6 m 546.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 637.6 m 339.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 637.6 m 408.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 637.6 m 477.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 637.6 m 546.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 623.6 m 339.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 621.6 m 339.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 623.6 m 408.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 621.6 m 408.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 623.6 m 477.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 621.6 m 477.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 623.6 m 546.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 621.6 m 546.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 563.6 m 339.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 563.6 m 408.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 563.6 m 477.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 563.6 m 546.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 549.6 m 339.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 547.6 m 339.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 549.6 m 408.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 547.6 m 408.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 549.6 m 477.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 547.6 m 477.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 549.6 m 546.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 547.6 m 546.5 547.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 685.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.05 699.68 Td (Balance as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 691.68 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 683.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 698.83 Td (Fair Value Measurements as of December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.15 685.83 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.15 685.83 Td (Level2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.15 685.83 Td (Level3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 672.33 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 658.17 Td (Cash surrender value of life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 657.27 Td (36,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 657.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 657.27 Td (36,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 657.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 643.17 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 642.27 Td (17,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 642.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 642.27 Td (17,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 642.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 628.17 Td (Total Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 627.27 Td (54,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 627.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 627.27 Td (54,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 627.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 613.33 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 599.17 Td (Contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 598.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 598.27 Td (3,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 598.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 598.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 598.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 598.27 Td (3,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 584.17 Td (Deferred compensation liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 583.27 Td (36,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 583.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 583.27 Td (36,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 583.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 569.17 Td (Foreign currency forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 568.27 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 568.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 568.27 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 568.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 554.17 Td (Total Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 553.27 Td (43,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 553.27 Td (39,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 553.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 553.27 Td (3,162) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 512.60 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 512.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 512.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 512.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 512.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 512.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 512.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 512.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 483.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 483.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 483.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 483.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 483.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 454.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 454.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 454.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 454.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 454.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 424.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 424.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 424.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 424.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 424.60 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 343.5 525.6 m 408.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 525.6 m 412.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 525.6 m 477.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 525.6 m 481.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 525.6 m 546.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 512.6 m 339.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 512.6 m 408.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 512.6 m 477.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 512.6 m 546.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 483.6 m 339.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 483.6 m 408.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 483.6 m 477.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 483.6 m 546.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 469.6 m 339.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 467.6 m 339.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 469.6 m 408.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 467.6 m 408.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 469.6 m 477.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 467.6 m 477.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 469.6 m 546.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 467.6 m 546.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 409.6 m 339.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 409.6 m 408.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 409.6 m 477.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 409.6 m 546.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 395.6 m 339.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 393.6 m 339.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 395.6 m 408.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 393.6 m 408.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 395.6 m 477.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 393.6 m 477.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 395.6 m 546.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 393.6 m 546.5 393.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 516.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.05 530.68 Td (Balance as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 522.68 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 514.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 529.83 Td (Fair Value Measurements as of December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.15 516.83 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.15 516.83 Td (Level2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.15 516.83 Td (Level3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 503.33 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 489.17 Td (Cash surrender value of life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 488.27 Td (29,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 488.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 488.27 Td (29,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 488.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 474.17 Td (Total Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 473.27 Td (29,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 473.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 473.27 Td (29,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 473.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 459.33 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 445.17 Td (Contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 444.27 Td (4,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 444.27 Td (4,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 430.17 Td (Deferred compensation liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 429.27 Td (30,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 429.27 Td (30,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 415.17 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 414.27 Td (1,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 414.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 414.27 Td (1,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 414.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 400.17 Td (Total Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 399.27 Td (36,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 399.27 Td (31,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 399.27 Td (4,584) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 377.10 Td (The cash surrender value of life insurance is included in Other ) Tj ET Q q 0 0 0 rg BT 337.30 377.10 Td (Assets on our Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 515.15 377.10 Td (The current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (portion of deferred compensation is included in ) Tj ET Q q 0 0 0 rg BT 241.89 365.10 Td (Accrued payroll-related liabilities and the current portion of contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (consideration liabilities is included in Other current liabilities on our Consolidated Balance Sheets; the noncurrent portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (these amounts is included in Other Noncurrent Liabilities on our Consolidated Balance Sheets based on the expected timing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (the related payments. ) Tj ET Q q 0 0 0 rg BT 137.56 329.10 Td (The balance sheet classification of the interest rate swaps and foreign currency forward contracts is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.09 317.10 Td (Note 10, "Derivative Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 289.86 317.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.74 317.10 Td (.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 299.10 Td (Our Level 2 assets and liabilities are valued using inputs from third parties and market observable data. ) Tj ET Q q 0 0 0 rg BT 501.25 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.89 299.10 Td (e obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (valuation data for the cash surrender value of life insurance and deferred compensation liabilities from third party sources, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (which determine the net asset values for our accounts using quoted market prices, investment allocations and reportable trades. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 263.10 Td (e value our derivative instruments using a third party valuation model that performs a discounted cash flow analysis based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (the terms of the contracts and market observable inputs such as current and forward interest rates and current and forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (foreign exchange rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 221.10 Td (Our contingent consideration liabilities are related to our business acquisitions as further described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.67 221.10 Td (Note 2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td ("Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.26 209.10 Td (." Under the terms of the contingent consideration agreements, payments may be made at specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (future dates depending on the performance of the acquired business subsequent to the acquisition. ) Tj ET Q q 0 0 0 rg BT 443.32 197.10 Td (The liabilities for these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (payments are classified as Level 3 liabilities because the related fair value measurement, which is determined using an income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (approach, includes significant inputs not observable in the market. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 91.20 147.10 Td (Assets and Liabilities Not Measur) Tj ET Q q 0 0 0 rg BT 226.39 147.10 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 273.89 147.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 129.10 Td (Our debt is reflected on the Consolidated Balance Sheets at cost. Based on market conditions as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.56 129.10 Td (December 31, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 117.10 Td (, the fair value of our credit agreement borrowings reasonably approximated the carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.12 117.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.23 117.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td ($891.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 105.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 161.55 105.10 Td (. In addition, based on market conditions, the fair value of the outstanding borrowings under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (receivables facility reasonably approximated the carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.10 93.10 Td ($100.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 93.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.43 93.10 Td ($63.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.33 93.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.54 93.10 Td (December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 81.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 81.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.11 81.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.55 81.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.14 81.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.58 81.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.58 81.10 Td (, the fair value of the U.S. Notes was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.79 81.10 Td ($599 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.19 81.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td ($567 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.39 69.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 154.05 69.10 Td (, compared to a carrying value of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.99 69.10 Td (600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.39 69.10 Td (. ) Tj ET Q q 0 0 0 rg BT 344.83 69.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.28 69.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.86 69.10 Td (, the fair value of the Euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (Notes was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.14 57.10 Td ($561 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.53 57.10 Td ( million compared to a carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.37 57.10 Td ($526 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.76 57.10 Td (. ) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The fair value measurements of the borrowings under our credit agreement and receivables facility are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (including interest rates on recent financing transactions with similar terms and maturities. ) Tj ET Q q 0 0 0 rg BT 410.55 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 419.19 718.10 Td (e estimated the fair value by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (calculating the upfront cash payment a market participant would require at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.72 706.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 706.10 Td ( to assume these obligations. ) Tj ET Q q 0 0 0 rg BT 546.33 706.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (fair value of our Notes is classified as Level 1 within the fair value hierarchy since it is determined based upon observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (market inputs including quoted market prices in an active market. ) Tj ET Q q 0 0 0 rg BT 315.01 682.10 Td (The fair value of our Euro Notes is determined based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (observable market inputs including quoted market prices in a market that is not active, and therefore is classified as Level 2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (within the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 170.41 658.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Note 12. Commitments and Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (Operating Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 599.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 599.10 Td (e are obligated under noncancelable operating leases for corporate of) Tj ET Q q 0 0 0 rg BT 370.16 599.10 Td (fice space, warehouse and distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (facilities, trucks and certain equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 569.10 Td (The future minimum lease commitments under these leases at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 569.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.23 569.10 Td ( are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 558.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 558.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 528.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 528.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 498.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 498.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 468.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 468.60 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 438 453.6 m 503 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 453.6 m 503 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 439.6 m 503 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 437.6 m 503 437.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 549.17 Td (Years ending December 31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 534.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 533.27 Td (200,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 519.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 518.27 Td (168,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 504.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 503.27 Td (136,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 489.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 488.27 Td (110,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 474.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 473.27 Td (82,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 459.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 458.27 Td (486,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 444.17 Td (Future Minimum Lease Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 443.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 443.27 Td (1,184,594) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 421.10 Td (Rental expense for operating leases was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.42 421.10 Td ($21) Tj ET Q q 0 0 0 rg BT 323.05 421.10 Td (1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.94 421.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.94 421.10 Td ($168.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.83 421.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.27 421.10 Td ($148.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.16 421.10 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.56 409.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.56 409.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 409.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.56 409.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 409.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 409.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 295.66 409.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 391.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 391.10 Td (e guarantee the residual values of the majority of our truck and equipment operating leases. ) Tj ET Q q 0 0 0 rg BT 462.10 391.10 Td (The residual values ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (decline over the lease terms to a defined percentage of original cost. In the event the lessor does not realize the residual value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (when a piece of equipment is sold, we would be responsible for a portion of the shortfall. Similarly) Tj ET Q q 0 0 0 rg BT 445.65 367.10 Td (, if the lessor realizes more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (than the residual value when a piece of equipment is sold, we would be paid the amount realized over the residual value. Had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (we terminated all of our operating leases subject to these guarantees at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.34 343.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.92 343.10 Td (, our portion of the guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (residual value would have totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.16 331.10 Td ($59.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.05 331.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.87 331.10 Td (W) Tj ET Q q 0 0 0 rg BT 314.51 331.10 Td (e have not recorded a liability for the guaranteed residual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (approximate the guaranteed residual value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (Litigation and Related Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 257.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 257.10 Td (e have certain contingencies resulting from litigation, claims and other commitments and are subject to a variety of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (environmental and pollution control laws and regulations incident to the ordinary course of business. ) Tj ET Q q 0 0 0 rg BT 455.56 245.10 Td (W) Tj ET Q q 0 0 0 rg BT 464.20 245.10 Td (e currently expect that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (the resolution of such contingencies will not materially af) Tj ET Q q 0 0 0 rg BT 280.31 233.10 Td (fect our financial position, results of operations or cash flows.) 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 31.60 Td (88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 13. Income ) Tj ET Q q 0 0 0 rg BT 123.97 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 129.72 742.25 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (The provision for income taxes consists of the following components \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 687.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 687.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 687.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 687.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 687.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 687.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 657.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 657.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 657.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 657.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 627.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 627.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 627.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 627.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 597.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 597.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 597.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 597.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 567.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 567.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 567.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 567.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 537.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 537.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 537.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 537.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 537.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 537.75 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 358.5 700.75 m 423.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 700.75 m 427.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 700.75 m 492.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 700.75 m 496.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 700.75 m 561.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 687.75 m 423.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 687.75 m 492.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 687.75 m 561.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 687.75 m 423.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 687.75 m 492.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 687.75 m 561.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 627.75 m 423.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 612.75 m 423.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 627.75 m 492.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 612.75 m 492.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.75 m 561.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 612.75 m 561.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 552.75 m 423.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 552.75 m 492.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 552.75 m 561.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 552.75 m 423.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 552.75 m 492.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 552.75 m 561.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 537.75 m 423.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 523.75 m 423.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 521.75 m 423.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 537.75 m 492.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 523.75 m 492.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 521.75 m 492.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 537.75 m 561.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 523.75 m 561.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 521.75 m 561.5 521.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 704.98 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 692.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 691.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 691.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 691.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 678.32 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 663.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 662.42 Td (159,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 662.42 Td (138,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 662.42 Td (144,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 648.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 647.42 Td (27,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 647.42 Td (25,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 647.42 Td (24,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 633.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 632.42 Td (45,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 632.42 Td (32,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 632.42 Td (29,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 617.42 Td (232,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 617.42 Td (197,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 617.42 Td (198,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 603.32 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 588.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 587.42 Td (1,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 587.42 Td (22,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 587.42 Td (9,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 573.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 572.42 Td (2,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 572.42 Td (1,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 572.47 Td (\(179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 572.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 558.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 557.47 Td (\(14,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 557.47 Td (\(1,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 557.47 Td (\(2,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 542.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 542.47 Td (\(11,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 542.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 542.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 542.42 Td (22,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 542.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 542.42 Td (6,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 528.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 527.42 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 527.42 Td (219,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 527.42 Td (204,264) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 505.25 Td (Income taxes have been based on the following components of income from continuing operations before provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (for income taxes \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 456.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 456.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 456.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 426.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 426.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 426.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 426.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 426.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 426.75 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 358.5 469.75 m 423.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 469.75 m 427.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 469.75 m 492.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 469.75 m 496.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 469.75 m 561.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 456.75 m 423.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 456.75 m 492.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 456.75 m 561.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 456.75 m 423.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 456.75 m 492.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 456.75 m 561.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 426.75 m 423.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 426.75 m 492.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 426.75 m 561.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 426.75 m 423.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 412.75 m 423.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 410.75 m 423.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 426.75 m 492.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 412.75 m 492.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 410.75 m 492.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 426.75 m 561.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 412.75 m 561.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 410.75 m 561.5 410.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 473.98 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 461.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 460.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 460.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 460.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 447.32 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 446.42 Td (513,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 446.42 Td (478,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 446.42 Td (460,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 432.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 431.42 Td (163,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 431.42 Td (170,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 431.42 Td (127,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 416.42 Td (677,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 416.42 Td (649,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 416.42 Td (587,888) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.25 Td (The U.S. federal statutory rate is reconciled to the ef) Tj ET Q q 0 0 0 rg BT 295.46 394.25 Td (fective tax rate as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 357.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 357.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 357.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 357.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 357.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 357.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 327.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 327.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 327.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 327.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 297.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 297.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 297.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 297.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 267.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 267.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 267.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 267.75 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 358.5 370.75 m 423.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 370.75 m 427.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 370.75 m 492.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 370.75 m 496.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 370.75 m 561.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 357.75 m 423.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 357.75 m 492.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 357.75 m 561.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 357.75 m 423.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 357.75 m 492.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 357.75 m 561.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 252.75 m 492.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 252.75 m 561.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 252.75 m 423.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 238.75 m 423.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 236.75 m 423.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 252.75 m 492.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 238.75 m 492.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 236.75 m 492.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 252.75 m 561.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 238.75 m 561.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 236.75 m 561.5 236.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 374.98 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 362.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 361.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 361.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 361.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 348.32 Td (U.S. federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 347.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 347.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 347.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 347.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 347.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 347.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 333.32 Td (State income taxes, net of state credits and federal tax impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 332.42 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 332.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 332.42 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 332.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 332.42 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 332.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 318.32 Td (Impact of international operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 317.42 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 317.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 317.42 Td (\(4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 317.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.45 317.42 Td (\(3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 317.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 303.32 Td (Notional interest deductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 302.42 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 302.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 302.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 302.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 302.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 302.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 288.32 Td (Excess tax benefits from stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 258.33 292.85 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 287.42 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 287.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 287.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 287.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 287.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 287.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 273.32 Td (Non-deductible expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 272.42 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 272.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 272.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 272.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 272.42 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 272.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 258.32 Td (Other, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 257.42 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 257.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 257.42 Td (\(0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 257.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 257.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 257.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 243.32 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 242.42 Td (32.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 242.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 242.42 Td (33.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 242.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 242.42 Td (34.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 242.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 218.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 214.25 Td ( Represents an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.39 214.25 Td ($1) Tj ET Q q 0 0 0 rg BT 164.02 214.25 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.91 214.25 Td ( discrete item in 2016 for excess tax benefits from stock-based payments related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (early adoption of ) Tj ET Q q 0 0 0 rg BT 120.26 202.25 Td (ASU 2016-09. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.03 202.25 Td (Note 4, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 332.10 202.25 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.92 202.25 Td (" to the consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 190.81 190.25 Td (Annual Report on Form 10-K for further information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 172.25 Td (Undistributed earnings of the Company's foreign subsidiaries amounted to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.06 172.25 Td ($530 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.46 172.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 160.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 160.25 Td (Those earnings are considered to be indefinitely reinvested, and accordingly no provision for U.S. income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (taxes has been provided thereon. Upon repatriation of those earnings, in the form of dividends or otherwise, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (would be subject to both U.S. income taxes \(subject to adjustment for foreign tax credits\) and potential withholding taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (payable to the various foreign countries.Determination of the amount of unrecognized deferred U.S. income tax liability is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (practicable due to the complexities associated with its hypothetical calculation; however) Tj ET Q q 0 0 0 rg BT 402.81 112.25 Td (, unrecognized foreign tax credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (would be available to reduce materially any U.S. liability) Tj ET Q q 0 0 0 rg BT 278.17 100.25 Td (.) 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 31.60 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The significant components of our deferred tax assets and liabilities are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 705.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 675.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 675.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 675.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 675.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 645.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 645.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 645.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 645.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 615.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 615.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 615.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 585.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 585.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 585.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 585.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 555.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 555.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 555.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 525.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 525.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 525.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 495.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 495.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 495.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 465.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 465.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 465.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 435.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 435.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 435.60 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 427.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 496.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 705.6 m 492.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 705.6 m 561.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 570.6 m 492.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 570.6 m 561.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 540.6 m 492.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 540.6 m 561.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 540.6 m 492.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 526.6 m 492.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 524.6 m 492.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 540.6 m 561.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 526.6 m 561.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 524.6 m 561.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 450.6 m 492.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 450.6 m 561.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 450.6 m 492.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 436.6 m 492.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 434.6 m 492.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 450.6 m 561.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 436.6 m 561.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 434.6 m 561.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 421.6 m 492.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 419.6 m 492.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 421.6 m 561.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 419.6 m 561.5 419.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 722.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 709.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 695.27 Td (Deferred Tax Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 680.27 Td (Accrued expenses and reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 680.27 Td (62,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 680.27 Td (46,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 665.27 Td (Qualified and nonqualified retirement plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 665.27 Td (36,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 665.27 Td (14,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 650.27 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 650.27 Td (35,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 650.27 Td (27,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 635.27 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 635.27 Td (19,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 635.27 Td (13,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 620.27 Td (Interest deduction carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 620.27 Td (9,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 620.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 605.27 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 605.27 Td (9,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 605.27 Td (11,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 590.27 Td (Net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 590.27 Td (7,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 590.27 Td (8,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 575.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 575.27 Td (7,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 575.27 Td (8,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 560.27 Td (188,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 560.27 Td (130,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 545.27 Td (Less: valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 545.32 Td (\(11,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 545.32 Td (\(3,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 530.27 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 530.27 Td (177,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 530.27 Td (126,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 515.27 Td (Deferred Tax Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 500.27 Td (Goodwill and other intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 500.27 Td (222,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 500.27 Td (141,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 485.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 485.27 Td (72,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 485.27 Td (67,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 470.27 Td (Trade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 470.27 Td (59,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 470.27 Td (36,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 455.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 455.27 Td (19,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 455.27 Td (5,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 440.27 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 440.27 Td (373,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 440.27 Td (250,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 425.27 Td (Net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 425.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 425.32 Td (\(196,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 425.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 425.32 Td (\(123,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 403.10 Td (Deferred tax assets and liabilities are reflected on our Consolidated Balance Sheets as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 366.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 366.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 366.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 366.60 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 427.5 379.6 m 492.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 379.6 m 496.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 379.6 m 561.5 379.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 383.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 370.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 370.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 356.27 Td (Noncurrent deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 356.27 Td (3,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 356.27 Td (3,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 341.27 Td (Noncurrent deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 341.27 Td (199,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 341.27 Td (127,239) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 319.10 Td (Our noncurrent deferred tax assets and noncurrent deferred tax liabilities are included in Other ) Tj ET Q q 0 0 0 rg BT 465.85 319.10 Td (Assets and Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.30 307.10 Td (T) Tj ET Q q 0 0 0 rg BT 87.71 307.10 Td (axes, respectively) Tj ET Q q 0 0 0 rg BT 158.14 307.10 Td (, on our Consolidated Balance Sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 289.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 289.10 Td (e had net operating loss carryforwards for federal and certain of our state tax jurisdictions, the tax benefits of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (total approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.53 277.10 Td ($7.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.42 277.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.86 277.10 Td ($8.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.75 277.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.97 277.10 Td (December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.99 277.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 430.65 277.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.10 277.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.60 277.10 Td (December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 265.10 Td (, we had foreign, state, and local tax credit carryforwards, the tax benefits of which total approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.12 265.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.01 265.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td ($3.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 253.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 151.55 253.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.00 253.10 Td (At December 31, 2016 we had interest deduction carryforwards in Italy of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.06 253.10 Td ($9.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.96 253.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.40 253.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 241.10 Td (, valuation allowances of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.49 241.10 Td ($1) Tj ET Q q 0 0 0 rg BT 280.12 241.10 Td (1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.01 241.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.45 241.10 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.34 241.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 445.00 241.10 Td (, were recorded for a portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (of the deferred tax assets related to net operating loss, tax credit carryforwards and interest deduction carryforwards. ) Tj ET Q q 0 0 0 rg BT 517.69 229.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.73 229.10 Td ($7.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 217.10 Td ( net increase in valuation allowances was primarily due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.20 217.10 Td ($6.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.09 217.10 Td ( valuation allowance provided on certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (interest deduction carryforwards suspended due to Italy's thin capitalization constraints, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.96 205.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.85 205.10 Td ( increase attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (to acquired foreign net operating loss carryforwards.) Tj ET Q q 0 0 0 rg BT 262.52 193.10 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 393.94 193.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.32 193.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.21 193.10 Td ( decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (attributable to our judgment regarding the realization of other losses and tax credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 163.10 Td (The net operating loss carryforwards expire over the period from 2017 through 2037. Foreign tax credit carryforwards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (expire over the period from 2017 through 2026, while the state and local tax credits primarily have no expiration. ) Tj ET Q q 0 0 0 rg BT 505.52 151.10 Td (The interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (deduction carryforwards do not expire. Realization of these deferred tax assets is dependent on the generation of suf) Tj ET Q q 0 0 0 rg BT 514.10 139.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (taxable income prior to the expiration dates. Based on historical and projected operating results, we believe that it is more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (likely than not that earnings will be suf) Tj ET Q q 0 0 0 rg BT 206.18 115.10 Td (ficient to realize the deferred tax assets for which valuation allowances have not been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (provided. ) Tj ET Q q 0 0 0 rg BT 90.37 103.10 Td (While we expect to realize the deferred tax assets, net of valuation allowances, changes in estimates of future taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (income or in tax laws may alter this expectation.) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 742.10 Td ( reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 718.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 718.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 718.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 718.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 718.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 718.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 688.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 688.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 688.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 688.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 688.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 658.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 658.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 658.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 658.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 658.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 658.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 628.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 628.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 628.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 628.60 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 358.5 718.6 m 423.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 613.6 m 423.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 613.6 m 492.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 613.6 m 561.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 613.6 m 423.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 599.6 m 423.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 597.6 m 423.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 613.6 m 492.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 599.6 m 492.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 597.6 m 492.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 613.6 m 561.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 599.6 m 561.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 597.6 m 561.5 597.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 722.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 722.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 722.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 709.17 Td (Balance at January1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 708.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 708.27 Td (2,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 708.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 708.27 Td (2,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 708.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 708.27 Td (1,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 694.17 Td (Additions for acquired tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 693.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 693.27 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 693.27 Td (2,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 679.17 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 414.65 678.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 678.27 Td (302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 678.27 Td (302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 664.17 Td (Reductions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 663.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 663.32 Td (\(743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 663.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 663.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 649.17 Td (Lapse of statutes of limitations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 648.32 Td (\(132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 648.32 Td (\(119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 648.32 Td (\(134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 634.17 Td (Settlements with taxing authorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 633.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 633.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 633.32 Td (\(1,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 633.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 619.17 Td (Currency exchange rate fluctuations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 618.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 618.27 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 618.32 Td (\(123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 618.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 604.17 Td (Balance at December31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 603.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 603.27 Td (2,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 603.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 603.27 Td (2,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 603.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 603.27 Td (2,630) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (Included in the balance of unrecognized tax benefits above as of December 31, 2016, 2015 and 2014 are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.84 574.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.74 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.33 562.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 562.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 219.88 562.10 Td (, of tax benefits that, if recognized, would af) Tj ET Q q 0 0 0 rg BT 397.14 562.10 Td (fect the ef) Tj ET Q q 0 0 0 rg BT 436.93 562.10 Td (fective tax rate. ) Tj ET Q q 0 0 0 rg BT 501.15 562.10 Td (The balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (unrecognized tax benefits at December 31, 2016, 2015 and 2014 also includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.91 550.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 550.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 550.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.69 550.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.63 550.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.52 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 538.10 Td (, of tax benefits that, if recognized, would result in adjustments to deferred taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 520.10 Td (The Company recognizes interest and penalties accrued related to unrecognized tax benefits as income tax expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Attributable to the unrecognized tax benefits noted above, the Company had accumulated interest and penalties of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.46 508.10 Td (0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.35 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (at both December 31, 2016 and 2015. During each of the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.77 496.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.77 496.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.77 496.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.77 496.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.71 496.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.71 496.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.71 496.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.60 496.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (interest and penalties were recorded through the income tax provision, prior to any reversals for lapses in the statutes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (limitations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 454.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.20 454.10 Td ( months beginning January1, 2017, it is reasonably possible that we will reduce unrecognized tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (benefits by up to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.69 442.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.58 442.10 Td (, all of which would impact our ef) Tj ET Q q 0 0 0 rg BT 364.48 442.10 Td (fective tax rate, primarily as a result of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (expiration of certain statutes of limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (In the U.S., the Internal Revenue Service has completed an examination of the U.S. Federal consolidated tax returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (through 2013. ) Tj ET Q q 0 0 0 rg BT 108.43 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.84 400.10 Td (ax years from 201) Tj ET Q q 0 0 0 rg BT 185.94 400.10 Td (1 and onward are subject to income tax examinations by various U.S. state and local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (jurisdictions. In the U.K., with limited exception, tax years through 2010 are no longer subject to inquiry) Tj ET Q q 0 0 0 rg BT 468.43 388.10 Td (. Certain Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (operations are under examination for the years 2010 to 2012. In Italy) Tj ET Q q 0 0 0 rg BT 324.82 376.10 Td (, certain issues from 2007 through 2012 are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (litigation with the Italian tax authorities. In addition, certain Italian operations are under examination for the 201) Tj ET Q q 0 0 0 rg BT 499.49 364.10 Td (1 tax year) Tj ET Q q 0 0 0 rg BT 538.36 364.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (the Netherlands, tax years through 2014 have been assessed. ) Tj ET Q q 0 0 0 rg BT 293.54 352.10 Td (Adjustments from such examinations, if any) Tj ET Q q 0 0 0 rg BT 470.08 352.10 Td (, are not expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (have a material ef) Tj ET Q q 0 0 0 rg BT 121.16 340.10 Td (fect on our consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Note 14. Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 298.10 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.95 298.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.50 298.10 Td ( operating segments: ) Tj ET Q q 0 0 0 rg BT 223.58 298.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 301.06 298.10 Td (America; Europe; Specialty; Glass and Self Service. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 127.48 286.10 Td (America, Glass, and Self Service operating segments are aggregated into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.26 286.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.70 286.10 Td ( reportable segment, North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (America, because they possess similar economic characteristics and have common products and services, customers, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (methods of distribution. Our reportable segments are or) Tj ET Q q 0 0 0 rg BT 271.99 262.10 Td (ganized based on a combination of geographic areas served and type of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (product lines of) Tj ET Q q 0 0 0 rg BT 112.58 250.10 Td (fered. ) Tj ET Q q 0 0 0 rg BT 137.94 250.10 Td (The reportable segments are managed separately as each business serves dif) Tj ET Q q 0 0 0 rg BT 441.52 250.10 Td (ferent customers \(i.e. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (geographic in the case of North ) Tj ET Q q 0 0 0 rg BT 177.73 238.10 Td (America and Europe and product type in the case of Specialty\) and is af) Tj ET Q q 0 0 0 rg BT 464.95 238.10 Td (fected by dif) Tj ET Q q 0 0 0 rg BT 515.30 238.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (economic conditions. ) Tj ET Q q 0 0 0 rg BT 137.86 226.10 Td (Therefore, we present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.81 226.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.79 226.10 Td ( reportable segments: North ) Tj ET Q q 0 0 0 rg BT 361.10 226.10 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 485.40 226.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 208.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 208.10 Td (e are combining the continuing aftermarket products business of the Glass operating segment into our ) Tj ET Q q 0 0 0 rg BT 503.52 208.10 Td (Wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 196.10 Td (America operating segment, which we expect to complete in 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td ( ) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The following tables present our financial performance by reportable segment for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 687.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 687.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 687.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 687.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 687.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 687.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 687.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 687.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 687.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 687.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 657.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 657.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 657.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 657.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 657.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 657.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 657.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 657.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 657.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 657.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 627.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 627.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 627.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 627.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 627.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 627.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 627.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 597.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 597.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 597.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 597.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 597.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 597.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 597.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 567.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 567.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 567.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 567.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 567.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 567.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 567.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 537.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 537.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 537.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 537.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 537.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 537.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 537.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 507.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 507.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 507.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 507.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 507.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 507.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 507.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 507.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 507.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 507.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 477.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 477.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 477.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 477.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 477.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 477.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 477.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 447.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 447.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 447.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 447.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 447.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 447.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 447.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 447.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 447.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 447.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 417.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 417.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 417.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 417.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 417.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 417.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 417.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 417.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 417.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 417.60 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 228.5 700.6 m 283.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 700.6 m 343.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 700.6 m 402.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 700.6 m 461.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 700.6 m 520.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 642.6 m 283.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 642.6 m 343.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 642.6 m 402.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 642.6 m 461.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 642.6 m 283.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 628.6 m 283.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 626.6 m 283.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 642.6 m 343.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 628.6 m 343.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 626.6 m 343.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 642.6 m 402.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 628.6 m 402.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 626.6 m 402.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 642.6 m 461.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 628.6 m 461.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 626.6 m 461.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 642.6 m 520.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 628.6 m 520.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 626.6 m 520.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 626.6 m 283.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 628.6 m 283.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 626.6 m 343.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 628.6 m 343.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 626.6 m 402.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 628.6 m 402.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 626.6 m 461.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 628.6 m 461.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 537.6 m 283.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 523.6 m 283.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 521.6 m 283.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 537.6 m 343.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 523.6 m 343.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 521.6 m 343.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 537.6 m 402.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 523.6 m 402.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 521.6 m 402.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 537.6 m 461.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 523.6 m 461.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 521.6 m 461.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 537.6 m 520.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 523.6 m 520.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 521.6 m 520.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 521.6 m 283.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 523.6 m 283.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 521.6 m 343.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 523.6 m 343.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 521.6 m 402.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 523.6 m 402.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 521.6 m 461.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 523.6 m 461.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 432.6 m 283.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 432.6 m 343.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 432.6 m 402.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 432.6 m 283.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 418.6 m 283.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 416.6 m 283.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 432.6 m 343.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 418.6 m 343.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 416.6 m 343.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 432.6 m 402.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 418.6 m 402.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 416.6 m 402.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 432.6 m 461.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 418.6 m 461.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 416.6 m 461.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 432.6 m 520.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 418.6 m 520.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 416.6 m 520.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 416.6 m 283.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 418.6 m 283.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 416.6 m 343.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 418.6 m 343.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 416.6 m 402.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 418.6 m 402.5 418.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.25 712.83 Td (North) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.80 704.83 Td (America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.90 704.83 Td (Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.90 704.83 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.70 704.83 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.05 704.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.00 691.83 Td (Year Ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 677.27 Td (Revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 662.27 Td (Third Party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 662.27 Td (4,470,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 662.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 662.27 Td (1,192,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 662.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 662.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 647.27 Td (Intersegment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 647.27 Td (739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 647.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 647.27 Td (4,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 647.32 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 647.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 647.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 632.27 Td (Total segment revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 632.27 Td (4,471,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 632.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 632.27 Td (1,196,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 632.32 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 632.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 632.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 617.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 617.27 Td (596,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 617.27 Td (283,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 617.27 Td (125,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 617.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 617.27 Td (1,004,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 602.27 Td (Depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 217.12 606.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 602.27 Td (81,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 602.27 Td (94,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 602.27 Td (21,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 602.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 602.27 Td (198,334) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.00 586.83 Td (Year Ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 572.27 Td (Revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 557.27 Td (Third Party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 557.27 Td (4,145,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 557.27 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 557.27 Td (1,051,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 557.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 557.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 542.27 Td (Intersegment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 542.27 Td (835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 542.27 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 542.27 Td (3,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 542.32 Td (\(4,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 542.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 527.27 Td (Total segment revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 527.27 Td (4,146,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 527.27 Td (1,995,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 527.27 Td (1,054,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 527.32 Td (\(4,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 527.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 512.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 512.27 Td (547,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 512.27 Td (200,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 512.27 Td (106,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 512.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 512.27 Td (854,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 497.27 Td (Depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 217.12 501.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 497.27 Td (70,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 497.27 Td (36,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 497.27 Td (21,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 497.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 497.27 Td (128,192) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.00 481.83 Td (Year Ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 467.27 Td (Revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 452.27 Td (Third Party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 452.27 Td (4,088,701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 452.27 Td (1,846,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 452.27 Td (805,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 452.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 452.27 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 437.27 Td (Intersegment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 437.27 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 437.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 437.27 Td (1,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 437.32 Td (\(2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 437.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 422.27 Td (Total segment revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 422.27 Td (4,089,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 422.27 Td (1,846,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 422.27 Td (807,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 422.32 Td (\(2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 422.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 422.27 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 407.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 407.27 Td (543,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 407.27 Td (167,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 407.27 Td (79,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 407.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 407.27 Td (790,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 392.27 Td (Depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 217.12 396.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 392.27 Td (70,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 392.27 Td (34,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 392.27 Td (20,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 392.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 392.27 Td (125,437) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 380.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.53 376.10 Td (Amounts presented include depreciation and amortization expense recorded within cost of goods sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (The key measure of segment profit or loss reviewed by our chief operating decision maker) Tj ET Q q 0 0 0 rg BT 447.70 358.10 Td (, who is our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 346.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 120.77 346.10 Td (, is Segment EBITDA. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 287.70 346.10 Td ( includes revenue and expenses that are controllable by the segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Corporate and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (on the segment's percentage of consolidated revenue. ) Tj ET Q q 0 0 0 rg BT 264.87 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.51 322.10 Td (e calculate Segment EBITDA) Tj ET Q q 0 0 0 rg BT 392.08 322.10 Td ( as EBITDA) Tj ET Q q 0 0 0 rg BT 441.52 322.10 Td ( excluding restructuring and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (acquisition related expenses, change in fair value of contingent consideration liabilities, other acquisition related gains and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (losses and equity in earnings \(loss\) of unconsolidated subsidiaries. EBITDA, which is the basis for Segment EBITDA, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (calculated as net income excluding discontinued operations, depreciation, amortization, interest \(which includes loss on debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (extinguishment\) and income tax expense.) 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 31.60 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The table below provides a reconciliation of Net Income to Segment EBITDA) Tj ET Q q 0 0 0 rg BT 398.41 742.10 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 705.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 705.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 705.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 705.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 675.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 675.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 675.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 675.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 675.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 675.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 645.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 645.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 645.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 645.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 645.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 645.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 615.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 615.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 615.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 615.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 585.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 585.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 585.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 585.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 585.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 585.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 555.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 555.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 555.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 555.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 525.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 525.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 525.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 525.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 495.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 495.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 495.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 495.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 465.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 465.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 465.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 465.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 435.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 435.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 435.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 435.60 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 350 718.6 m 405 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 718.6 m 409 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 718.6 m 464 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464 718.6 m 468 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 718.6 m 523 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 718.6 m 405 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 705.6 m 405 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 705.6 m 464 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 705.6 m 523 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 705.6 m 405 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 705.6 m 464 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 705.6 m 523 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 660.6 m 405 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 660.6 m 464 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 660.6 m 523 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 555.6 m 405 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 555.6 m 464 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 555.6 m 523 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 420.6 m 405 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 420.6 m 464 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 420.6 m 523 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 406.6 m 405 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 404.6 m 405 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 420.6 m 464 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 406.6 m 464 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 404.6 m 464 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 420.6 m 523 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 406.6 m 523 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 404.6 m 523 404.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.50 709.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.70 722.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 709.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 695.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 695.27 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 695.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 695.27 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 680.27 Td (Subtract:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 665.27 Td (Income from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 665.27 Td (7,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 665.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 665.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 650.27 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 650.27 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 650.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 650.27 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 635.27 Td (Add:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 620.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 620.27 Td (191,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 620.27 Td (122,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 620.27 Td (120,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 605.27 Td (Depreciation and amortization - cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 605.27 Td (6,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 605.27 Td (6,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 605.27 Td (4,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 590.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 590.27 Td (87,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 590.27 Td (57,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 590.27 Td (63,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 575.27 Td (Loss on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 575.27 Td (26,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 575.27 Td (324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 560.27 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 560.27 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 560.27 Td (219,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 560.27 Td (204,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 545.27 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 545.27 Td (989,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 545.27 Td (828,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 545.27 Td (775,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 530.27 Td (Subtract:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 515.27 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.80 515.32 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 515.32 Td (\(6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.30 515.32 Td (\(2,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 515.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 500.27 Td (Gains on foreign exchange contracts- acquisition related ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 330.47 504.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 500.27 Td (18,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 485.27 Td (Gain on bar) Tj ET Q q 0 0 0 rg BT 149.53 485.27 Td (gain purchase ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 207.28 489.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 485.27 Td (8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 485.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 485.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 470.27 Td (Add:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 455.27 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 285.55 459.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 455.27 Td (37,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 455.27 Td (19,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 455.27 Td (14,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 440.27 Td ( Inventory step-up adjustment - acquisition related) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 299.61 444.80 Td ( \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 440.27 Td (3,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 440.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 440.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 425.27 Td (Change in fair value of contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 425.27 Td (206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 425.27 Td (454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.30 425.32 Td (\(1,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 410.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.10 410.27 Td (1,004,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 410.27 Td (854,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 410.27 Td (790,551) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 386.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.00 386.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.20 382.10 Td (Reflects gains on foreign currency forwards used to fix the euro purchase price of Rhiag. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.35 382.10 Td (Note 2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td ("Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.26 370.10 Td (," for further information.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 356.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.00 356.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.58 352.10 Td ( Reflects the gain on bar) Tj ET Q q 0 0 0 rg BT 226.86 352.10 Td (gain purchase related to our acquisition of ) Tj ET Q q 0 0 0 rg BT 397.09 352.10 Td (Andrew Page. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.18 352.10 Td (Note 2, "Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.10 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.11 340.10 Td (," for further information.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 326.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.00 326.63 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.58 322.10 Td ( See) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.02 322.10 Td (Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 258.36 322.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.33 322.10 Td (," for further information.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 308.63 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.00 308.63 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.20 304.10 Td (Reflects the impact on Cost of Goods Sold of the step-up acquisition adjustment to record PGW) Tj ET Q q 0 0 0 rg BT 515.12 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.10 Td (aftermarket glass inventory at its fair value.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 278.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 256.10 Td (The following table presents capital expenditures by reportable segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 219.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 219.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 219.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 219.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 189.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 189.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 189.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 189.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 159.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 159.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 159.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 159.60 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 307 232.60000000000002 m 362 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 232.60000000000002 m 366 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 232.60000000000002 m 421 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 232.60000000000002 m 425 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 232.60000000000002 m 480 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 232.60000000000002 m 362 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 219.60000000000002 m 362 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 219.60000000000002 m 421 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 219.60000000000002 m 480 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 144.60000000000002 m 362 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 144.60000000000002 m 421 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 144.60000000000002 m 480 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 144.60000000000002 m 362 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 130.60000000000002 m 362 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 128.60000000000002 m 362 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 144.60000000000002 m 421 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 130.60000000000002 m 421 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 128.60000000000002 m 421 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 144.60000000000002 m 480 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 130.60000000000002 m 480 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 128.60000000000002 m 480 128.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.50 223.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 236.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.00 223.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.00 223.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 223.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 133.5 207.580078125 m 206.4765625 207.580078125 l s q 0 0 0 rg BT 133.50 208.83 Td (Capital Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 194.27 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 194.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 194.27 Td (91,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 194.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 194.27 Td (72,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 194.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 194.27 Td (86,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 179.27 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 179.27 Td (77,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 179.27 Td (79,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 179.27 Td (44,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 164.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 164.27 Td (13,611) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 164.27 Td (19,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 164.27 Td (9,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 149.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 149.27 Td (24,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 149.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 149.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 134.27 Td (Total capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 134.27 Td (207,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 134.27 Td (170,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 134.27 Td (140,950) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following table presents assets by reportable segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 690.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 690.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 690.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 690.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 660.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 630.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 600.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 570.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 540.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 510.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 510.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 510.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 510.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 480.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 450.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 450.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 450.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 450.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 420.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 420.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 420.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 420.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 420.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 420.60 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 309 718.6 m 374 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 718.6 m 378 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 718.6 m 443 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 718.6 m 447 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 718.6 m 512 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 705.6 m 374 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 705.6 m 443 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 718.6 m 512 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 705.6 m 512 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 645.6 m 374 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 630.6 m 374 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 645.6 m 378 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 645.6 m 443 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 630.6 m 443 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 645.6 m 512 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 630.6 m 512 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 570.6 m 512 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 570.6 m 374 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 555.6 m 374 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 570.6 m 443 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 555.6 m 443 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 555.6 m 512 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 495.6 m 374 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 495.6 m 443 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 495.6 m 512 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 480.6 m 374 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 480.6 m 443 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 480.6 m 512 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 480.6 m 374 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 480.6 m 443 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 480.6 m 512 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 435.6 m 374 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 420.6 m 374 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 435.6 m 443 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 420.6 m 443 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 435.6 m 512 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 420.6 m 512 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 420.6 m 374 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 405.6 m 374 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 420.6 m 443 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 405.6 m 443 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 420.6 m 512 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 405.6 m 512 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 405.6 m 374 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 391.6 m 374 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 389.6 m 374 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 405.6 m 443 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 391.6 m 443 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 389.6 m 443 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 405.6 m 512 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 391.6 m 512 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 389.6 m 512 389.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.75 722.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 709.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 693.580078125 m 156.15234375 693.580078125 l s q 0 0 0 rg BT 101.50 694.83 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 680.27 Td (North ) Tj ET Q q 0 0 0 rg BT 126.78 680.27 Td (America ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.70 684.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 680.27 Td (352,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 680.27 Td (314,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 680.27 Td (322,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 665.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 669.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 665.27 Td (443,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 665.27 Td (215,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 665.27 Td (227,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 650.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 650.27 Td (64,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 650.27 Td (59,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 650.27 Td (50,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 635.27 Td (Total receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 635.27 Td (860,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 635.27 Td (590,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 635.27 Td (601,422) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 618.580078125 m 140.1640625 618.580078125 l s q 0 0 0 rg BT 101.50 619.83 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 605.27 Td (North ) Tj ET Q q 0 0 0 rg BT 126.78 605.27 Td (America ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.70 609.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 605.27 Td (917,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 605.27 Td (847,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 605.27 Td (826,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 590.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 594.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 590.27 Td (718,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 590.27 Td (427,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 590.27 Td (402,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 575.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 575.27 Td (299,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 575.27 Td (281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 575.27 Td (204,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 560.27 Td (Total inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 560.27 Td (1,935,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 560.27 Td (1,556,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 560.27 Td (1,433,847) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 543.580078125 m 201.8046875 543.580078125 l s q 0 0 0 rg BT 101.50 544.83 Td (Property and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 530.27 Td (North ) Tj ET Q q 0 0 0 rg BT 126.78 530.27 Td (America ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.70 534.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 530.27 Td (506,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 530.27 Td (467,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 530.27 Td (456,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 515.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 519.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 515.27 Td (247,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 515.27 Td (175,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 515.27 Td (128,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 500.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 500.27 Td (57,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 500.27 Td (53,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 500.27 Td (45,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 485.27 Td (Total property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 485.27 Td (811,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 485.27 Td (696,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 485.27 Td (629,987) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 468.580078125 m 196.6171875 468.580078125 l s q 0 0 0 rg BT 101.50 469.83 Td (Equity Method Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 455.27 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 455.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 455.27 Td (628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 455.27 Td (536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 440.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 444.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 440.27 Td (183,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 440.27 Td (2,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 440.27 Td (7,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 425.27 Td (Total equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 425.27 Td (183,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 425.27 Td (2,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 425.27 Td (8,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 410.27 Td (Other unallocated assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 410.27 Td (4,512,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 410.27 Td (2,801,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 410.27 Td (2,802,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 395.27 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 395.27 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 395.27 Td (5,647,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 395.27 Td (5,475,739) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 377.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.20 373.10 Td (The increase in assets for our North ) Tj ET Q q 0 0 0 rg BT 239.88 373.10 Td (America and Europe segments primarily relates to the PGW) Tj ET Q q 0 0 0 rg BT 480.18 373.10 Td ( aftermarket and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (Rhiag acquisitions, respectively) Tj ET Q q 0 0 0 rg BT 176.82 361.10 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.76 361.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.96 361.10 Td (" for further details.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 347.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 343.10 Td (The increase in Europe relates primarily to our investment in Mekonomen as described in Note 4, "Summary of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 95.83 331.10 Td (Accounting Policies.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 313.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 313.10 Td (e report net receivables, inventories, and net property and equipment by segment as that information is used by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (chief operating decision maker in assessing segment performance. ) Tj ET Q q 0 0 0 rg BT 317.23 301.10 Td (These assets provide a measure for the operating capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (employed in each segment. Unallocated assets include cash, prepaid expenses and other current and noncurrent assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (goodwill, intangibles, assets from discontinued operations and income taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 259.10 Td (The majority of our operations are conducted in the U.S. Our European operations are located in the U.K., the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (Netherlands, Belgium, France, Sweden, and Norway) Tj ET Q q 0 0 0 rg BT 260.13 247.10 Td (. ) Tj ET Q q 0 0 0 rg BT 264.58 247.10 Td (As part of the Rhiag acquisition, we expanded our operations into Italy) Tj ET Q q 0 0 0 rg BT 547.74 247.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Czech Republic, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 205.69 235.10 Td (, Romania, Ukraine, Bulgaria, Slovakia, and Spain. Our operations in other countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (include recycled and aftermarket operations in Canada, engine remanufacturing and bumper refurbishing operations in Mexico, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (an aftermarket parts freight consolidation warehouse in ) Tj ET Q q 0 0 0 rg BT 273.35 211.10 Td (T) Tj ET Q q 0 0 0 rg BT 278.76 211.10 Td (aiwan, and administrative support functions in India. Our net sales are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (attributed to geographic area based on the location of the selling operation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 181.10 Td (The following table sets forth our revenue by geographic area \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 144.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 144.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 144.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 144.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 114.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 114.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 114.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 114.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 84.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 84.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 84.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 84.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 84.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 84.60 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 292 157.60000000000002 m 357 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 157.60000000000002 m 361 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 157.60000000000002 m 426 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 157.60000000000002 m 430 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 157.60000000000002 m 495 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 144.60000000000002 m 357 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 144.60000000000002 m 426 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 144.60000000000002 m 495 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 84.60000000000002 m 357 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 84.60000000000002 m 426 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 84.60000000000002 m 495 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 70.60000000000002 m 357 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 68.60000000000002 m 357 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 70.60000000000002 m 426 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 68.60000000000002 m 426 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 84.60000000000002 m 495 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 70.60000000000002 m 495 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 68.60000000000002 m 495 68.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 161.83 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 148.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.00 148.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.00 148.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.00 148.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 118.5 132.580078125 m 147.828125 132.580078125 l s q 0 0 0 rg BT 118.50 133.83 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 119.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 119.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 119.27 Td (5,226,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 119.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 119.27 Td (4,831,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 119.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 119.27 Td (4,499,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 104.27 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 104.27 Td (1,390,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 104.27 Td (1,382,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 104.27 Td (1,321,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 89.27 Td (Other countries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 89.27 Td (1,966,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 89.27 Td (978,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 89.27 Td (918,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 74.27 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 74.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 74.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 74.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 74.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 74.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 74.27 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td (The following table sets forth our tangible long-lived assets by geographic area \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 672.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 672.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 672.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 672.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 642.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 642.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 642.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 642.60 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 309 700.6 m 374 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 700.6 m 378 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 700.6 m 443 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 700.6 m 447 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 700.6 m 512 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 687.6 m 374 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 687.6 m 443 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 700.6 m 512 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 687.6 m 512 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 627.6 m 512 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 627.6 m 374 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 613.6 m 374 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 611.6 m 374 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 627.6 m 443 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 613.6 m 443 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 611.6 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 447 627.6 m 512 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 613.6 m 512 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 611.6 m 512 611.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.75 704.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 691.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 691.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 691.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 101.5 675.580078125 m 161.28515625 675.580078125 l s q 0 0 0 rg BT 101.50 676.83 Td (Long-lived Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 662.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 662.27 Td (531,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 662.27 Td (493,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 662.27 Td (469,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 647.27 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 647.27 Td (159,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 647.27 Td (138,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 647.27 Td (92,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 632.27 Td (Other countries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 632.27 Td (120,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 632.27 Td (64,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 632.27 Td (67,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 617.27 Td (Total long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 617.27 Td (811,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 617.27 Td (696,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 617.27 Td (629,987) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 577.10 Td (The following table sets forth our revenue by product category \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 76.00 540.60 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 540.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 540.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 540.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 76.00 511.60 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 511.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 511.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 511.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 553.6 m 397 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 553.6 m 401 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 553.6 m 466 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 553.6 m 470 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 553.6 m 535 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 540.6 m 397 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 540.6 m 466 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 540.6 m 535 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 540.6 m 397 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 540.6 m 466 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 540.6 m 535 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 497.6 m 397 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 497.6 m 466 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 497.6 m 535 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 484.6 m 397 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 482.6 m 397 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 484.6 m 466 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 482.6 m 466 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 497.6 m 535 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 484.6 m 535 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 482.6 m 535 482.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.70 557.83 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 78.50 544.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.00 544.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 544.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 544.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 531.17 Td (Aftermarket, other new and refurbished products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.50 531.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 531.17 Td (6,441,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 531.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 531.17 Td (5,116,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 531.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 531.17 Td (4,613,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 516.27 Td (Recycled, remanufactured and related products and services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 516.27 Td (1,703,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 516.27 Td (1,597,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 516.27 Td (1,473,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 502.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 502.17 Td (439,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 502.17 Td (478,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 502.17 Td (653,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 488.17 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.50 488.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 488.17 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 488.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 488.17 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 488.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 488.17 Td (6,740,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 460.10 Td (Our North ) Tj ET Q q 0 0 0 rg BT 129.33 460.10 Td (American reportable segment generates revenue from all of our product categories, while our European and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (Specialty segments generate revenue primarily from the sale of aftermarket products. Revenue from other sources includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (scrap sales, bulk sales to mechanical remanufacturers \(including cores\) and sales of aluminum ingots and sows from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (furnace operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Note 15. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 400.10 Td (Selected Quarterly Data \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (The following table presents unaudited selected quarterly financial data for the two years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.85 382.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.44 382.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (The operating results for any quarter are not necessarily indicative of the results for any future period.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.60 260.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 333.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 333.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 333.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 333.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 304.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 304.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 304.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 304.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 274.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 274.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 274.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 274.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 244.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 244.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 244.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 244.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 214.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 214.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 214.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 214.60 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 310.5 346.6 m 370.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 346.6 m 374.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 346.6 m 434.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 346.6 m 438.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 346.6 m 498.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 346.6 m 502.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 346.6 m 562.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 333.6 m 370.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 333.6 m 434.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 333.6 m 498.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 333.6 m 562.5 333.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.95 350.83 Td (Quarter Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 337.85 Td (\(In thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.55 337.83 Td (Dec.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.75 337.83 Td (Sep. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.55 337.83 Td (Jun. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 337.83 Td (Mar.31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 324.33 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.17 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 309.27 Td (2,150,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 309.27 Td (2,207,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 309.27 Td (2,304,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 309.27 Td (1,921,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 295.17 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 294.27 Td (830,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 294.27 Td (855,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 294.27 Td (905,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 294.27 Td (760,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.17 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 279.27 Td (161,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 279.27 Td (183,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 279.27 Td (232,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 279.27 Td (185,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 265.17 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 264.27 Td (96,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 264.27 Td (109,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 264.27 Td (137,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 264.27 Td (112,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 250.17 Td (\(Loss\) income from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 249.32 Td (\(9,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 249.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 249.27 Td (12,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 249.27 Td (4,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 235.17 Td (Net income ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 119.87 239.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 234.27 Td (86,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 234.27 Td (122,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 234.27 Td (142,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 234.27 Td (112,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 220.17 Td (Basic earnings per share from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.33 224.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 219.27 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 219.27 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 219.27 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 219.27 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 205.17 Td (Diluted earnings per share from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 290.11 209.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 204.27 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 204.27 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 204.27 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 204.27 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 163.60 260.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 163.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 163.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 163.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 163.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 163.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 163.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 163.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 134.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 134.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 134.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 134.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 134.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 104.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 104.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 104.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 104.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 104.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 104.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 104.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 104.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 74.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 74.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 74.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 74.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 74.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 74.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 74.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 74.60 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 309.5 176.60000000000002 m 369.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 176.60000000000002 m 373.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 176.60000000000002 m 433.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 176.60000000000002 m 437.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 176.60000000000002 m 497.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 176.60000000000002 m 501.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 176.60000000000002 m 561.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 163.60000000000002 m 369.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 163.60000000000002 m 433.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 163.60000000000002 m 497.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 163.60000000000002 m 561.5 163.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 180.83 Td (Quarter Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 167.85 Td (\(In thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.55 167.83 Td (Dec.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 167.83 Td (Sep. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.55 167.83 Td (Jun. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.80 167.83 Td (Mar.31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 154.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 140.17 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 139.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.60 139.27 Td (1,748,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 139.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.60 139.27 Td (1,831,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 139.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 139.27 Td (1,838,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 139.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 139.27 Td (1,773,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 125.17 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 124.27 Td (697,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 124.27 Td (712,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 124.27 Td (723,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 124.27 Td (699,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 110.17 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 109.27 Td (151,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 109.27 Td (166,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 109.27 Td (200,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 109.27 Td (185,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 95.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 94.27 Td (95,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 94.27 Td (101,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 94.27 Td (119,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 94.27 Td (107,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 80.17 Td (Basic earnings per share from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 281.33 84.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 79.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 79.27 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 79.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 79.27 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 79.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 79.27 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 79.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 79.27 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 65.17 Td (Diluted earnings per share from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 289.11 69.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 64.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 64.27 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 64.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 64.27 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 64.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 64.27 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 64.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 64.27 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (During the third quarter of 2016, the Company elected to early adopt ) Tj ET Q q 0 0 0 rg BT 363.42 742.10 Td (ASU 2016-09 ef) Tj ET Q q 0 0 0 rg BT 429.34 742.10 Td (fective January 1, 2016. ) Tj ET Q q 0 0 0 rg BT 527.46 742.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (quarterly amounts above reflect the impact of adoption. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.58 730.10 Td (Note 4, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 461.65 730.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.47 730.10 Td (" for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (further information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 700.10 Td (The sum of the quarters may not equal the total of the respective year's earnings per share on either a basic or diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (basis due to changes in weighted average shares outstanding throughout the year) Tj ET Q q 0 0 0 rg BT 407.86 688.10 Td (.) 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0.9333333333333333 1 rg /GS0 gs 330.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 343.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 343.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 343.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 343.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 343.50 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 690.5 m 330.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 690.5 m 334.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 690.5 m 388.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 690.5 m 392.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 690.5 m 446.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 690.5 m 450.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 690.5 m 504.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 690.5 m 508.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 669.5 m 330.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 669.5 m 388.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 669.5 m 446.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 669.5 m 504.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 669.5 m 330.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 669.5 m 388.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 669.5 m 446.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 669.5 m 504.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 641.5 m 330.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 641.5 m 388.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 641.5 m 446.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 641.5 m 504.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 641.5 m 562.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 641.5 m 388.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 641.5 m 446.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 557.5 m 330.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 557.5 m 388.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 557.5 m 446.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 557.5 m 504.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 557.5 m 562.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 557.5 m 330.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 557.5 m 504.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 437.5 m 330.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 437.5 m 388.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 437.5 m 446.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 437.5 m 504.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 437.5 m 562.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 423.5 m 330.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 423.5 m 388.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 423.5 m 446.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 423.5 m 504.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 423.5 m 562.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 357.5 m 330.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 357.5 m 388.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 357.5 m 446.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 357.5 m 504.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 357.5 m 562.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 329.5 m 330.5 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 329.5 m 388.5 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 329.5 m 446.5 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 329.5 m 504.5 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 329.5 m 562.5 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 316.5 m 330.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 314.5 m 330.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 316.5 m 388.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 314.5 m 388.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 316.5 m 446.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 314.5 m 446.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 316.5 m 504.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 314.5 m 504.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 329.5 m 562.5 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 316.5 m 562.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 314.5 m 562.5 314.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 694.73 Td (Year Ended December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.50 673.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 681.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.20 673.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 673.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 660.41 Td (Revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 660.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 660.06 Td (5,467,430) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 660.06 Td (3,301,503) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 660.06 Td (\(184,902) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 660.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 660.06 Td (8,584,031) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Cost of goods sold) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 646.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 646.06 Td (3,313,503) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 646.06 Td (2,103,727) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 646.06 Td (\(184,902) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 646.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 646.06 Td (5,232,328) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Gross margin) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 632.06 Td (2,153,927) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 632.06 Td (1,197,776) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 632.06 Td (3,351,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 618.41 Td (Facility and warehouse expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 618.06 Td (475,487) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 618.06 Td (213,431) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 618.06 Td (688,918) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 604.41 Td (Distribution expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 604.06 Td (453,192) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 604.06 Td (230,620) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 604.06 Td (683,812) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 590.41 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 590.06 Td (34,163) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 590.06 Td (521,909) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 590.06 Td (430,308) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 590.06 Td (986,380) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 576.41 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 576.06 Td (21,162) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 576.06 Td (16,600) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 576.06 Td (37,762) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 562.41 Td (Depreciation and amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 562.06 Td (132) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 562.06 Td (94,165) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 562.06 Td (97,136) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 562.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 562.06 Td (191,433) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 548.41 Td (Operating \(loss\) income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 548.06 Td (\(34,295) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 548.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 548.06 Td (588,012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 548.06 Td (209,681) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 548.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 548.06 Td (763,398) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 534.41 Td (Other expense \(income\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 520.41 Td (Interest expense) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 520.06 Td (59,415) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 370.55 520.06 Td (547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 520.06 Td (28,301) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 520.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 520.06 Td (88,263) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 506.41 Td (Intercompany interest \(income\) expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 506.06 Td (\(27,470) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 506.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 506.06 Td (17,124) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 506.06 Td (10,346) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 492.41 Td (Loss on debt extinguishment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.40 492.06 Td (2,894) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 492.06 Td (23,756) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 492.06 Td (26,650) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 478.41 Td (Gain on foreign exchange contracts - acquisition) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 468.91 Td (related) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 470.06 Td (\(18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 470.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 470.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 470.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 470.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 470.06 Td (\(18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 470.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 456.41 Td (Gain on bargain purchase) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 456.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 456.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 456.06 Td (\(8,207) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 456.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 456.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 456.06 Td (\(8,207) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 456.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 442.41 Td (Interest and other expense \(income\), net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 442.06 Td (470) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 360.25 442.06 Td (\(3,773) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 442.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 442.06 Td (1,056) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 442.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 442.06 Td (\(2,247) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 442.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 428.41 Td (Total other expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 428.06 Td (16,967) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 428.06 Td (13,898) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 428.06 Td (55,252) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 428.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 428.06 Td (86,117) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 414.41 Td (\(Loss\) income from continuing operations before) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 404.91 Td (\(benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 404.06 Td (\(51,262) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 404.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 404.06 Td (574,114) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 404.06 Td (154,429) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 404.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 404.06 Td (677,281) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 390.41 Td (\(Benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 390.06 Td (\(20,498) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 390.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 390.06 Td (213,794) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 390.06 Td (27,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 390.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 390.06 Td (220,566) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 376.41 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 309.35 376.06 Td (\(795) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 376.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 376.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 428.55 376.06 Td (203) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 376.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.35 376.06 Td (\(592) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 376.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 362.41 Td (Equity in earnings of subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 362.06 Td (487,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 362.06 Td (22,314) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 362.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 362.06 Td (\(509,996) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 362.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 362.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 348.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 348.06 Td (456,123) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 348.06 Td (382,634) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 348.06 Td (127,362) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 348.06 Td (\(509,996) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 348.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 348.06 Td (456,123) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 334.41 Td (Income from discontinued operations, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.40 334.06 Td (7,852) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 363.40 334.06 Td (7,852) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 334.06 Td (3,285) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 334.06 Td (\(11,137) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 334.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 334.06 Td (7,852) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 320.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 320.06 Td ($) Tj ET Q 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450.5 557.5 m 504.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 557.5 m 562.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 557.5 m 330.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 557.5 m 504.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 487.5 m 330.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 487.5 m 388.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 487.5 m 446.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 487.5 m 504.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 487.5 m 562.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 473.5 m 330.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 473.5 m 388.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 473.5 m 446.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 473.5 m 504.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 473.5 m 562.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 407.5 m 330.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 407.5 m 388.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 407.5 m 446.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 407.5 m 504.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 407.5 m 562.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 394.5 m 330.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 392.5 m 330.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 394.5 m 388.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 392.5 m 388.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 394.5 m 446.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 392.5 m 446.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 394.5 m 504.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 392.5 m 504.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 394.5 m 562.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 392.5 m 562.5 392.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 694.73 Td (Year Ended December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.50 673.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 681.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.20 673.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 673.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 660.41 Td (Revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 660.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 660.06 Td (4,965,355) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 660.06 Td (2,357,655) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 660.06 Td (\(130,377) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 660.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 660.06 Td (7,192,633) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Cost of goods sold) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 646.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 646.06 Td (3,010,820) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 646.06 Td (1,478,661) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 646.06 Td (\(130,377) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 646.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 646.06 Td (4,359,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Gross margin) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 632.06 Td (1,954,535) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 632.06 Td (878,994) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 632.06 Td (2,833,529) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 618.41 Td (Facility and warehouse expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 618.06 Td (408,828) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 618.06 Td (147,213) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 618.06 Td (556,041) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 604.41 Td (Distribution expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 604.06 Td (408,112) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 604.06 Td (194,785) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 604.06 Td (602,897) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 590.41 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 590.06 Td (32,946) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 590.06 Td (490,530) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 590.06 Td (304,857) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 590.06 Td (828,333) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 576.41 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 576.06 Td (13,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 576.06 Td (5,549) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 576.06 Td (19,511) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 562.41 Td (Depreciation and amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 562.06 Td (154) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 562.06 Td (82,058) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 562.06 Td (39,908) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 562.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 562.06 Td (122,120) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 548.41 Td (Operating \(loss\) income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 548.06 Td (\(33,100) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 548.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 548.06 Td (551,045) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 548.06 Td (186,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 548.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 548.06 Td (704,627) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 534.41 Td (Other expense \(income\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 520.41 Td (Interest expense) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 520.06 Td (47,626) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 370.55 520.06 Td (669) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 520.06 Td (9,565) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 520.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 520.06 Td (57,860) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 506.41 Td (Intercompany interest \(income\) expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 506.06 Td (\(41,904) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 506.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 506.06 Td (28,944) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 506.06 Td (12,960) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 492.41 Td (Interest and other expense \(income\), net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 492.06 Td (99) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 360.25 492.06 Td (\(7,414) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 492.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 492.06 Td (5,052) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 492.06 Td (\(2,263) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 492.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 478.41 Td (Total other expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.40 478.06 Td (5,821) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 478.06 Td (22,199) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 478.06 Td (27,577) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 478.06 Td (55,597) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 464.41 Td (\(Loss\) income from continuing operations before) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 454.91 Td (\(benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 454.06 Td (\(38,921) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 454.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 454.06 Td (528,846) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 454.06 Td (159,105) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 454.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 454.06 Td (649,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 440.41 Td (\(Benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 440.06 Td (\(16,054) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 440.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 440.06 Td (205,176) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 440.06 Td (30,581) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 440.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 440.06 Td (219,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 426.41 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 302.25 426.06 Td (\(1,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 426.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 426.06 Td (59) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 426.06 Td (\(5,163) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 426.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 426.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 426.06 Td (\(6,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 426.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 412.41 Td (Equity in earnings of subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 412.06 Td (447,090) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 412.06 Td (24,632) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 412.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 412.06 Td (\(471,722) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 412.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 412.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 398.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 398.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 398.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 398.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 398.06 Td (348,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 398.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 398.06 Td (123,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 398.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 398.06 Td (\(471,722) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 398.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 398.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 398.06 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.00 721.25 Td (Condensed Consolidating Statements of Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 709.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 669.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 669.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 669.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 669.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 669.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 641.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 641.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 641.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 641.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 641.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 613.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 613.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 613.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 613.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 613.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 613.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 585.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 585.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 585.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 585.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 585.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 585.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 585.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 585.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 585.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 557.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 557.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 557.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 557.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 557.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 557.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 557.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 557.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 557.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 529.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 529.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 529.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 529.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 529.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 529.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 529.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 529.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 529.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 529.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 501.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 501.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 501.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 501.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 501.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 501.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 501.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 501.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 501.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 472.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 472.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 472.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 472.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 472.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 472.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 472.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 472.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 472.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 472.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 436.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 436.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 436.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 436.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 436.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 436.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 436.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 436.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 436.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 408.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 408.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 408.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 408.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 408.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 408.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 408.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 408.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 408.50 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 690.5 m 330.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 690.5 m 334.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 690.5 m 388.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 690.5 m 392.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 690.5 m 446.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 690.5 m 450.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 690.5 m 504.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 690.5 m 508.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 669.5 m 330.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 669.5 m 388.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 669.5 m 446.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 669.5 m 504.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 669.5 m 330.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 669.5 m 388.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 669.5 m 446.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 669.5 m 504.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 641.5 m 330.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 641.5 m 388.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 641.5 m 446.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 641.5 m 504.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 641.5 m 562.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 557.5 m 330.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 557.5 m 388.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 557.5 m 446.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 557.5 m 504.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 557.5 m 562.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 557.5 m 504.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 472.5 m 330.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 472.5 m 388.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 472.5 m 446.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 472.5 m 504.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 472.5 m 562.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 458.5 m 330.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 458.5 m 388.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 458.5 m 446.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 458.5 m 504.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 458.5 m 562.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 394.5 m 330.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 381.5 m 330.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 379.5 m 330.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 394.5 m 388.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 381.5 m 388.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 379.5 m 388.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 394.5 m 446.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 381.5 m 446.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 379.5 m 446.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 394.5 m 504.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 381.5 m 504.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 379.5 m 504.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 394.5 m 562.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 381.5 m 562.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 379.5 m 562.5 379.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 694.73 Td (Year Ended December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.50 673.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.55 681.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.20 673.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 673.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 660.41 Td (Revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 660.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 660.06 Td (4,649,391) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 660.06 Td (2,221,831) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 660.06 Td (\(131,158) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 660.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 660.06 Td (6,740,064) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Cost of goods sold) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 646.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 646.06 Td (2,813,427) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 646.06 Td (1,405,882) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 646.06 Td (\(131,158) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 646.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 646.06 Td (4,088,151) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Gross margin) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.75 632.06 Td (1,835,964) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 632.06 Td (815,949) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 632.06 Td (2,651,913) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 618.41 Td (Facility and warehouse expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 618.06 Td (382,937) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 618.06 Td (143,354) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 618.06 Td (526,291) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 604.41 Td (Distribution expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 604.06 Td (389,430) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 604.06 Td (187,911) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 604.06 Td (577,341) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 590.41 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 590.06 Td (25,770) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 590.06 Td (460,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 590.06 Td (276,602) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 590.06 Td (762,888) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 576.41 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 363.40 576.06 Td (8,628) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 576.06 Td (6,178) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 576.06 Td (14,806) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 562.41 Td (Depreciation and amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 562.06 Td (218) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 562.06 Td (81,253) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 562.06 Td (39,248) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 562.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 562.06 Td (120,719) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 548.41 Td (Operating \(loss\) income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 548.06 Td (\(25,988) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 548.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 548.06 Td (513,200) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 548.06 Td (162,656) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 548.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 548.06 Td (649,868) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 534.41 Td (Other expense \(income\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 520.41 Td (Interest expense) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 520.06 Td (50,636) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 370.55 520.06 Td (635) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 520.06 Td (13,271) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 520.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 520.06 Td (64,542) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 506.41 Td (Intercompany interest \(income\) expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 506.06 Td (\(48,556) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 506.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 506.06 Td (23,865) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 506.06 Td (24,691) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 492.41 Td (Loss on debt extinguishment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 491.06 Td (324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 491.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 491.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 491.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.55 491.06 Td (324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 477.41 Td (Interest and other expense \(income\), net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 477.06 Td (230) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 360.25 477.06 Td (\(8,359) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 477.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 477.06 Td (5,243) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 477.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 477.06 Td (\(2,886) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 477.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 463.41 Td (Total other expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.40 463.06 Td (2,634) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 463.06 Td (16,141) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 463.06 Td (43,205) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 463.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 463.06 Td (61,980) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 449.41 Td (\(Loss\) income from continuing operations before) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 439.91 Td (\(benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 441.06 Td (\(28,622) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 441.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 441.06 Td (497,059) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 441.06 Td (119,451) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 441.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 441.06 Td (587,888) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 427.41 Td (\(Benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 427.06 Td (\(10,536) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 427.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 427.06 Td (190,456) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 427.06 Td (24,344) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 427.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 427.06 Td (204,264) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 413.41 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 413.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 413.06 Td (40) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 413.06 Td (\(2,145) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 413.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 413.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 413.06 Td (\(2,105) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 413.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 399.41 Td (Equity in earnings of subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 399.06 Td (399,605) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 399.06 Td (28,846) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 399.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 399.06 Td (\(428,451) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 399.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 399.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 385.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 385.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 385.06 Td (381,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 385.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 385.06 Td (335,489) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 385.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 385.06 Td (92,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 385.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 385.06 Td (\(428,451) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 385.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 385.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 385.06 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.55 721.25 Td (Condensed Consolidating Statements of Compr) Tj ET Q q 0 0 0 rg BT 372.16 721.25 Td (ehensive Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 709.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 669.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 669.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 669.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 669.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 669.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 669.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 641.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 641.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 641.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 641.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 641.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 641.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.50 236.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 606.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 606.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 606.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 606.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 606.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 606.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 606.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 606.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 606.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 571.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 571.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 571.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 571.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 571.50 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 690.5 m 338.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 690.5 m 342.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 690.5 m 394.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 690.5 m 398.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 690.5 m 450.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 690.5 m 454.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 690.5 m 506.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 690.5 m 510.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 669.5 m 338.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 669.5 m 394.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 669.5 m 450.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 669.5 m 506.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 669.5 m 338.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 669.5 m 394.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 669.5 m 450.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 669.5 m 506.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 585.5 m 338.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 585.5 m 394.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 585.5 m 450.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 585.5 m 506.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 585.5 m 562.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 571.5 m 338.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 585.5 m 394.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 571.5 m 394.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 571.5 m 450.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 571.5 m 506.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 571.5 m 562.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 558.5 m 338.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 556.5 m 338.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 558.5 m 394.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 556.5 m 394.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 571.5 m 450.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 558.5 m 450.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 556.5 m 450.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 558.5 m 506.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 556.5 m 506.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 558.5 m 562.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 556.5 m 562.5 556.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 694.73 Td (Year Ended December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 673.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 681.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 673.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 673.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 660.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 660.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 660.06 Td (390,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 660.06 Td (130,647) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 660.06 Td (\(521,133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 660.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 660.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Other comprehensive \(loss\) income:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Foreign currency translation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 632.06 Td (\(175,639) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 632.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 632.06 Td (\(48,914) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 632.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 632.06 Td (\(177,911) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 632.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 632.06 Td (226,825) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 632.06 Td (\(175,639) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 632.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 618.41 Td (Net change in unrecognized gains/losses on derivative) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 608.96 Td (instruments, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 611.06 Td (9,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 376.55 611.06 Td (133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.55 611.06 Td (389) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.35 611.06 Td (\(522) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 611.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 611.06 Td (9,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 597.41 Td (Net change in unrealized gains/losses on pension plans,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 587.96 Td (net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 590.06 Td (4,911) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.40 590.06 Td (3,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 590.06 Td (1,061) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.25 590.06 Td (\(5,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 590.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 590.06 Td (4,911) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 576.41 Td (Total other comprehensive loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 576.06 Td (\(161,705) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 576.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 576.06 Td (\(44,819) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 576.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 576.06 Td (\(176,461) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 576.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 576.06 Td (221,280) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 576.06 Td (\(161,705) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 576.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 562.41 Td (Total comprehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 562.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 562.06 Td (302,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 562.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 562.06 Td (345,667) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 562.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 562.06 Td (\(45,814) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 562.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 562.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 562.06 Td (\(299,853) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 562.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 562.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 562.06 Td (302,270) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 502.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 502.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 502.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.55 484.25 Td (Condensed Consolidating Statements of Compr) Tj ET Q q 0 0 0 rg BT 372.16 484.25 Td (ehensive Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 472.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 432.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 432.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 432.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 432.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 432.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 432.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 432.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 432.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 432.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 404.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 404.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 404.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 404.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 404.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 404.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 404.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 404.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 404.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.50 236.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 369.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 369.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 369.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 369.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 369.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 369.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 369.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 369.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 369.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 334.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 334.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 334.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 334.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 334.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 334.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 334.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 334.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 334.50 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 453.5 m 338.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 453.5 m 342.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 453.5 m 394.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 453.5 m 398.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 453.5 m 450.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 453.5 m 454.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 453.5 m 506.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 453.5 m 510.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 453.5 m 562.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 432.5 m 338.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 432.5 m 394.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 432.5 m 450.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 432.5 m 506.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 432.5 m 562.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 432.5 m 338.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 432.5 m 394.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 432.5 m 450.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 432.5 m 506.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 432.5 m 562.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 348.5 m 338.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 348.5 m 394.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 348.5 m 450.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 348.5 m 506.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 348.5 m 562.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 334.5 m 338.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 348.5 m 394.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 334.5 m 394.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 348.5 m 450.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 334.5 m 450.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 348.5 m 506.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 334.5 m 506.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 348.5 m 562.5 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 334.5 m 562.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 321.5 m 338.5 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 319.5 m 338.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 334.5 m 394.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 321.5 m 394.5 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 319.5 m 394.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 334.5 m 450.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 321.5 m 450.5 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 319.5 m 450.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 334.5 m 506.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 321.5 m 506.5 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 319.5 m 506.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 334.5 m 562.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 321.5 m 562.5 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 319.5 m 562.5 319.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 457.73 Td (Year Ended December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 436.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 436.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 436.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 444.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 436.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 436.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 436.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 423.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 423.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 423.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 423.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 423.06 Td (348,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 423.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 423.06 Td (123,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 423.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 423.06 Td (\(471,722) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 423.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 423.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 423.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 409.41 Td (Other comprehensive \(loss\) income:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 395.41 Td (Foreign currency translation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 395.06 Td (\(69,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 395.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 395.06 Td (\(20,359) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 395.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 395.06 Td (\(65,878) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 395.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 395.06 Td (86,237) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 395.06 Td (\(69,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 395.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 381.41 Td (Net change in unrecognized gains/losses on derivative) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 371.96 Td (instruments, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 374.06 Td (2,469) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 374.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.55 374.06 Td (294) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.35 374.06 Td (\(294) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 374.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 374.06 Td (2,469) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 360.41 Td (Net change in unrealized gains/losses on pension plans,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 350.96 Td (net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 353.06 Td (2,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 353.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 353.06 Td (2,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.25 353.06 Td (\(2,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 353.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 353.06 Td (2,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 339.41 Td (Total other comprehensive loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 339.06 Td (\(65,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 339.06 Td (\(20,359) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 339.06 Td (\(63,481) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 339.06 Td (83,840) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 339.06 Td (\(65,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 325.41 Td (Total comprehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 325.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 325.06 Td (357,978) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 325.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 325.06 Td (328,002) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 325.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 325.06 Td (59,880) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 325.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 325.06 Td (\(387,882) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 325.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 325.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 325.06 Td (357,978) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 265.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 265.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 265.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.55 247.25 Td (Condensed Consolidating Statements of Compr) Tj ET Q q 0 0 0 rg BT 372.16 247.25 Td (ehensive Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 235.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 195.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 195.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 195.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 195.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 195.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 195.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 195.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 195.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 195.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 195.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 167.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 167.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 167.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 167.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 167.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 167.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 167.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 167.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 167.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 167.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 132.50 236.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 132.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 132.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 132.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 132.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 132.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 132.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 132.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 132.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 132.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 97.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 97.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 97.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 97.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 97.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 97.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 97.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 97.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 97.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 97.50 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 216.5 m 338.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 216.5 m 342.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 216.5 m 394.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 216.5 m 398.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 216.5 m 450.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 216.5 m 454.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 216.5 m 506.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 216.5 m 510.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 216.5 m 562.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 195.5 m 338.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 195.5 m 394.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 195.5 m 450.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 195.5 m 506.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 195.5 m 562.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 195.5 m 338.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 195.5 m 394.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 195.5 m 450.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 195.5 m 506.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 195.5 m 562.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 111.5 m 338.5 111.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 111.5 m 394.5 111.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 111.5 m 450.5 111.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 111.5 m 506.5 111.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 111.5 m 562.5 111.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 97.5 m 338.5 97.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 97.5 m 394.5 97.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 97.5 m 450.5 97.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 97.5 m 506.5 97.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 97.5 m 562.5 97.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 84.5 m 338.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 82.5 m 338.5 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 84.5 m 394.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 82.5 m 394.5 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 84.5 m 450.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 82.5 m 450.5 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 84.5 m 506.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 82.5 m 506.5 82.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 84.5 m 562.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 82.5 m 562.5 82.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 220.73 Td (Year Ended December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 199.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 199.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 199.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 207.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 199.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 199.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 199.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 186.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 186.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 186.06 Td (381,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 186.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 186.06 Td (335,489) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 186.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 186.06 Td (92,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 186.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 186.06 Td (\(428,451) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 186.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 186.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 186.06 Td (381,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 172.41 Td (Other comprehensive \(loss\) income:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 158.41 Td (Foreign currency translation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 158.06 Td (\(51,979) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 158.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 158.06 Td (\(17,710) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 158.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 158.06 Td (\(49,559) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 158.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 158.06 Td (67,269) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 158.06 Td (\(51,979) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 158.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 144.41 Td (Net change in unrecognized gains/losses on derivative) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 134.96 Td (instruments, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 137.06 Td (2,195) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 137.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.35 137.06 Td (\(444) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 137.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.55 137.06 Td (444) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 137.06 Td (2,195) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 123.41 Td (Net change in unrealized gain on pension plans, net of) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 113.96 Td (tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 116.06 Td (\(10,452) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 116.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 116.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 116.06 Td (\(10,452) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 116.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 116.06 Td (10,452) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 116.06 Td (\(10,452) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 116.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 102.41 Td (Total other comprehensive loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 102.06 Td (\(60,236) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 102.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 102.06 Td (\(17,710) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 102.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 102.06 Td (\(60,455) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 102.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 102.06 Td (78,165) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 102.06 Td (\(60,236) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 102.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 88.41 Td (Total comprehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 88.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 88.06 Td (321,283) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 88.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 88.06 Td (317,779) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 88.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 88.06 Td (32,507) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 88.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 88.06 Td (\(350,286) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 88.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 88.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 88.06 Td (321,283) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.30 721.25 Td (Condensed Consolidating Balance Sheets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 709.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 655.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 655.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 655.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 655.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 655.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 655.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 655.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 655.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 655.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 655.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 627.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 627.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 627.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 627.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 627.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 627.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 627.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 627.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 627.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 599.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 599.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 599.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 599.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 599.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 599.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 599.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 599.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 599.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 599.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 571.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 571.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 571.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 571.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 571.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 571.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 543.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 543.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 543.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 543.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 543.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 543.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 543.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 543.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 543.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 515.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 515.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 515.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 515.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 515.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 515.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 515.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 515.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 515.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 487.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 487.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 487.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 487.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 487.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 487.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 487.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 487.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 487.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 459.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 459.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 459.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 459.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 459.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 459.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 459.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 459.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 459.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 431.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 431.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 431.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 431.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 431.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 431.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 431.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 431.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 431.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 431.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 403.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 403.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 403.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 403.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 403.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 403.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 403.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 403.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 403.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 403.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 375.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 375.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 375.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 375.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 375.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 375.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 375.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 375.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 375.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 375.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 347.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 347.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 347.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 347.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 347.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 347.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 347.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 347.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 347.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 319.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 319.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 319.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 319.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 319.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 319.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 319.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 319.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 319.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 291.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 291.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 291.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 291.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 291.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 291.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 263.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 263.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 263.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 263.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 263.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 263.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 235.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 235.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 235.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 235.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 235.50 54.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 508.50 207.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 179.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 179.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 179.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 179.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 179.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 179.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 179.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 179.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 179.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 179.50 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 690.5 m 331.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 690.5 m 335.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 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J 0 j 3 M 279.5 431.5 m 331.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 418.5 m 331.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 416.5 m 331.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 431.5 m 387.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 418.5 m 387.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 416.5 m 387.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 431.5 m 445.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 418.5 m 445.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 416.5 m 445.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 431.5 m 504.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 418.5 m 504.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 416.5 m 504.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 431.5 m 562.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 418.5 m 562.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 416.5 m 562.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 263.5 m 331.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 263.5 m 335.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 263.5 m 387.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 263.5 m 391.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 263.5 m 445.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 263.5 m 449.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 263.5 m 504.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 263.5 m 508.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 263.5 m 562.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 179.5 m 331.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 179.5 m 387.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 179.5 m 445.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 179.5 m 504.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 179.5 m 562.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 166.5 m 331.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 164.5 m 331.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 179.5 m 387.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 166.5 m 387.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 164.5 m 387.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 179.5 m 445.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 166.5 m 445.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 164.5 m 445.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 179.5 m 504.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 166.5 m 504.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 164.5 m 504.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 179.5 m 562.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 166.5 m 562.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 164.5 m 562.5 164.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.25 694.73 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.50 673.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.55 681.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.70 673.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 673.73 Td (Consolidated) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 151.80 660.57 Td (Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Current Assets:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Cash and equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 632.06 Td (33,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 632.06 Td (35,360) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 632.06 Td (159,010) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 632.06 Td (227,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 618.41 Td (Receivables, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 618.06 Td (248,188) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 618.06 Td (612,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 618.06 Td (860,549) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 604.41 Td (Intercompany receivables, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 604.06 Td (2,805) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 604.06 Td (11,237) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.40 604.06 Td (8,837) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 604.06 Td (\(22,879) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 604.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 590.41 Td (Inventories) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 590.06 Td (1,149,763) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 590.06 Td (785,474) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 590.06 Td (1,935,237) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 576.41 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 576.06 Td (1,640) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 576.06 Td (43,165) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 576.06 Td (42,963) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 576.06 Td (87,768) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 562.41 Td (Assets of discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 562.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 562.06 Td (357,788) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 562.06 Td (98,852) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 562.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 562.06 Td (456,640) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 548.41 Td (Total Current Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 548.06 Td (37,475) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 548.06 Td (1,845,501) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 548.06 Td (1,707,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 548.06 Td (\(22,879) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 548.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 548.06 Td (3,567,594) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 534.41 Td (Property and Equipment, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.55 534.06 Td (239) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 534.06 Td (527,705) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 534.06 Td (283,632) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 534.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 534.06 Td (811,576) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 520.41 Td (Intangible Assets:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 506.41 Td (Goodwill) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 506.06 Td (1,851,274) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 506.06 Td (1,203,495) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 506.06 Td (3,054,769) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 492.41 Td (Other intangibles, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 492.06 Td (153,689) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 492.06 Td (430,542) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 492.06 Td (584,231) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 478.41 Td (Investment in Subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 478.06 Td (5,067,297) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 478.06 Td (242,032) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 478.06 Td (\(5,309,329) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 478.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 464.41 Td (Intercompany Notes Receivable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 464.06 Td (1,510,534) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 464.06 Td (800,283) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.30 464.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 464.06 Td (\(2,310,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 464.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 464.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 450.41 Td (Equity Method Investments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 450.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.55 450.06 Td (336) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 450.06 Td (183,131) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 450.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 450.06 Td (183,467) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 436.41 Td (Other Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 436.06 Td (59,726) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 436.06 Td (25,177) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 436.06 Td (22,347) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 436.06 Td (\(5,688) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 436.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 436.06 Td (101,562) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 422.41 Td (Total Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 422.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 422.06 Td (6,675,271) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 422.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 422.06 Td (5,445,997) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 422.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 422.06 Td (3,830,644) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 422.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 422.06 Td (\(7,648,713) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 422.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 422.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 422.06 Td (8,303,199) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.60 408.57 Td (Liabilities and Stockholders Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 394.41 Td (Current Liabilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 380.41 Td (Accounts payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 380.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 380.06 Td (1,309) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 380.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 380.06 Td (244,074) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 380.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 380.06 Td (388,390) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 380.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 380.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 380.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 380.06 Td (633,773) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 366.41 Td (Intercompany payables, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 366.06 Td (11,237) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 366.06 Td (8,837) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.40 366.06 Td (2,805) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 366.06 Td (\(22,879) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 366.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 366.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 352.41 Td (Accrued expenses:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 338.41 Td (Accrued payroll-related liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 338.06 Td (6,404) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 338.06 Td (58,187) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 338.06 Td (54,164) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 338.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 338.06 Td (118,755) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 324.41 Td (Self-insurance reserves) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 324.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 324.06 Td (39,059) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 427.55 324.06 Td (489) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 324.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 324.06 Td (39,548) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 310.41 Td (Other accrued expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 310.06 Td (5,502) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 310.06 Td (55,228) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 310.06 Td (108,823) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 310.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 310.06 Td (169,553) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 296.41 Td (Other current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 296.06 Td (4,283) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 296.06 Td (18,456) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 296.06 Td (15,204) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 296.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 296.06 Td (37,943) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 282.41 Td (Current portion of long-term obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 282.06 Td (37,710) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 282.06 Td (1,097) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 282.06 Td (27,302) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 282.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 282.06 Td (66,109) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 268.41 Td (Liabilities of discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 268.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 268.06 Td (110,890) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 268.06 Td (34,214) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 268.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 268.06 Td (145,104) Tj ET Q BT /F1 9.50 Tf ET 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0.9333333333333333 1 rg /GS0 gs 279.50 291.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 291.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 291.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 291.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 291.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 291.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 263.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 263.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 263.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 263.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 263.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 263.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 263.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 235.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 235.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 235.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 235.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 235.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 235.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 235.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 235.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 235.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 207.50 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 207.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 207.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 207.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 207.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 207.50 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 690.5 m 331.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 690.5 m 335.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 690.5 m 387.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 690.5 m 391.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 690.5 m 445.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 690.5 m 449.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 690.5 m 504.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 690.5 m 508.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 669.5 m 331.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 669.5 m 387.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 669.5 m 445.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 669.5 m 504.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 571.5 m 331.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 571.5 m 387.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 571.5 m 445.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 571.5 m 504.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 571.5 m 562.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 459.5 m 508.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 445.5 m 331.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 445.5 m 387.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 445.5 m 445.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 445.5 m 504.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 445.5 m 562.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 445.5 m 331.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 432.5 m 331.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 430.5 m 331.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 445.5 m 387.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 432.5 m 387.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 430.5 m 387.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 445.5 m 445.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 432.5 m 445.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 430.5 m 445.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 445.5 m 504.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 432.5 m 504.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 430.5 m 504.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 445.5 m 562.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 432.5 m 562.5 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 430.5 m 562.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 291.5 m 331.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 291.5 m 387.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 291.5 m 445.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 291.5 m 504.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 291.5 m 562.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 207.5 m 331.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 207.5 m 387.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 207.5 m 445.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 207.5 m 504.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 207.5 m 562.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 207.5 m 331.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 194.5 m 331.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 192.5 m 331.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 207.5 m 387.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 194.5 m 387.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 192.5 m 387.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 207.5 m 445.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 194.5 m 445.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 192.5 m 445.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 207.5 m 504.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 194.5 m 504.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 192.5 m 504.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 207.5 m 562.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 194.5 m 562.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 192.5 m 562.5 192.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.25 694.73 Td (December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.50 673.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.55 681.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.00 673.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.70 673.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 673.73 Td (Consolidated) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 151.80 660.57 Td (Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Current Assets:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Cash and equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 632.06 Td (17,616) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 632.06 Td (13,432) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 632.06 Td (56,349) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 632.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 632.06 Td (87,397) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 618.41 Td (Receivables, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 618.06 Td (214,502) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 618.06 Td (375,658) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 618.06 Td (590,160) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 604.41 Td (Intercompany receivables, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.05 604.06 Td (3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 374.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 604.06 Td (13,544) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 604.06 Td (\(13,547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 604.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 590.41 Td (Inventories) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 590.06 Td (1,060,834) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 590.06 Td (495,718) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 590.06 Td (1,556,552) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 576.41 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 576.06 Td (15,254) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 576.06 Td (44,810) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 576.06 Td (46,539) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 576.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 576.06 Td (106,603) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 562.41 Td (Total Current Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 562.06 Td (32,873) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 562.06 Td (1,333,578) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 562.06 Td (987,808) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 562.06 Td (\(13,547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 562.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 562.06 Td (2,340,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 548.41 Td (Property and Equipment, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.55 548.06 Td (339) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 548.06 Td (494,658) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 548.06 Td (201,570) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 548.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 548.06 Td (696,567) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 534.41 Td (Intangible Assets:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 520.41 Td (Goodwill) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 520.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 520.06 Td (1,640,745) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 520.06 Td (678,501) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 520.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 520.06 Td (2,319,246) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 506.41 Td (Other intangibles, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 506.06 Td (141,537) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 506.06 Td (73,580) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 506.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 506.06 Td (215,117) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 492.41 Td (Investment in Subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 492.06 Td (3,456,837) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 492.06 Td (285,284) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 492.06 Td (\(3,742,121) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 492.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 492.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 478.41 Td (Intercompany Notes Receivable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.90 478.06 Td (630,717) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 478.06 Td (61,764) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 478.06 Td (\(692,481) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 478.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 464.41 Td (Equity Method Investments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 464.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.55 464.06 Td (628) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.40 464.06 Td (2,127) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 464.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 464.06 Td (2,755) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 450.41 Td (Other Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 450.06 Td (35,649) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 450.06 Td (27,556) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 450.06 Td (16,091) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 450.06 Td (\(5,856) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 450.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 450.06 Td (73,440) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 436.41 Td (Total Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 436.06 Td (4,156,415) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 436.06 Td (3,985,750) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 436.06 Td (1,959,677) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 436.06 Td (\(4,454,005) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 436.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 436.06 Td (5,647,837) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.60 422.57 Td (Liabilities and Stockholders Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 408.41 Td (Current Liabilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 394.41 Td (Accounts payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.55 394.06 Td (681) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 394.06 Td (229,519) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 394.06 Td (185,388) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 394.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 394.06 Td (415,588) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 380.41 Td (Intercompany payables, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 380.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 380.06 Td (13,544) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.05 380.06 Td (3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 380.06 Td (\(13,547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 380.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 380.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 366.41 Td (Accrued expenses:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 352.41 Td (Accrued payroll-related liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 352.06 Td (4,395) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 352.06 Td (48,698) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 352.06 Td (33,434) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 352.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 352.06 Td (86,527) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 338.41 Td (Self-insurance reserves) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 338.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 338.06 Td (37,499) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 427.55 338.06 Td (260) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 338.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 338.06 Td (37,759) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 324.41 Td (Other accrued expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 324.06 Td (5,399) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 324.06 Td (43,387) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 324.06 Td (75,680) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 324.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 324.06 Td (124,466) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 310.41 Td (Other current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.55 310.06 Td (284) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 310.06 Td (15,953) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 310.06 Td (15,359) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 310.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 310.06 Td (31,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 296.41 Td (Current portion of long-term obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 296.06 Td (21,041) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 296.06 Td (1,425) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 296.06 Td (33,568) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 296.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 296.06 Td (56,034) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 282.41 Td (Total Current Liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 282.06 Td (31,800) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 282.06 Td (390,025) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 282.06 Td (343,692) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 282.06 Td (\(13,547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 282.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 282.06 Td (751,970) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 268.41 Td (Long-Term Obligations, Excluding Current Portion) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.90 268.06 Td (976,353) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 268.06 Td (7,487) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 268.06 Td (544,828) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 268.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 268.06 Td (1,528,668) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 254.41 Td (Intercompany Notes Payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 254.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 254.06 Td (615,488) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 254.06 Td (76,993) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 254.06 Td (\(692,481) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 254.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 254.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 240.41 Td (Deferred Income Taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 240.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 240.06 Td (113,905) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 240.06 Td (19,190) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 240.06 Td (\(5,856) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 240.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 240.06 Td (127,239) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 226.41 Td (Other Noncurrent Liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 226.06 Td (33,580) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 226.06 Td (70,109) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 226.06 Td (21,589) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 226.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 226.06 Td (125,278) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 212.41 Td (Stockholders Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 212.06 Td (3,114,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 212.06 Td (2,788,736) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 212.06 Td (953,385) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 212.06 Td (\(3,742,121) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 212.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 212.06 Td (3,114,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 198.41 Td (Total Liabilities and Stockholders Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 198.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 198.06 Td (4,156,415) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 198.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 198.06 Td (3,985,750) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 198.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 198.06 Td (1,959,677) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 198.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 198.06 Td (\(4,454,005) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 198.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 198.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 198.06 Td (5,647,837) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 739.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 739.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 739.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.25 721.25 Td (Condensed Consolidating Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 709.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 670.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 670.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 646.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 646.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 646.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.50 235.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 622.50 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 622.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.50 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 587.50 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 587.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 587.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 587.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 587.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 587.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 587.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 587.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 587.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 561.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 561.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 561.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 561.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 561.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 561.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 561.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 561.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 561.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 537.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 537.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 537.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 537.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 537.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 537.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 537.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 537.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 537.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 504.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 504.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 504.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 504.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 504.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 504.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 504.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 504.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 504.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 480.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 480.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 480.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 480.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 480.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 480.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 480.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 480.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 480.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 456.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 456.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 456.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 456.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 456.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 456.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 456.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 456.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 456.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 456.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 432.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 432.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 432.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 432.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 432.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 432.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 432.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 432.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 432.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 408.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 408.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 408.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 408.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 408.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 408.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 408.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 408.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 408.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.50 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 384.50 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 384.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 384.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 384.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 384.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 358.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 358.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 358.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 358.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 358.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 358.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 358.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 358.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 358.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 358.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 334.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 334.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 334.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 334.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 334.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 334.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 334.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 334.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 334.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.50 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 310.50 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 310.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 310.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 310.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 310.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 310.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 310.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 310.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 310.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.50 235.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 273.50 51.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 273.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 273.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 273.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 273.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 273.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 273.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 273.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 273.50 54.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 691.5 m 336.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 691.5 m 340.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 691.5 m 392.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 691.5 m 396.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 691.5 m 448.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 691.5 m 452.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 691.5 m 504.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 691.5 m 508.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 691.5 m 562.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 670.5 m 336.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 670.5 m 392.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 670.5 m 448.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 670.5 m 504.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 670.5 m 562.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 670.5 m 336.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 670.5 m 392.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 670.5 m 448.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 670.5 m 504.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 646.5 m 336.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 646.5 m 392.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 646.5 m 448.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 646.5 m 504.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 646.5 m 562.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 561.5 m 336.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 561.5 m 392.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 561.5 m 448.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 561.5 m 504.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 561.5 m 562.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 561.5 m 336.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 549.5 m 336.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 561.5 m 392.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 549.5 m 392.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 561.5 m 448.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 549.5 m 448.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 561.5 m 504.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 549.5 m 504.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 561.5 m 562.5 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 549.5 m 562.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 346.5 m 336.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 346.5 m 392.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 346.5 m 448.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 346.5 m 504.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 346.5 m 562.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 334.5 m 336.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 334.5 m 392.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 334.5 m 448.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 334.5 m 504.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 334.5 m 562.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 334.5 m 336.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 334.5 m 392.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 334.5 m 448.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 334.5 m 504.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 334.5 m 562.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 322.5 m 336.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 322.5 m 392.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 322.5 m 448.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 322.5 m 504.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 322.5 m 562.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 296.5 m 336.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 296.5 m 392.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 296.5 m 448.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 296.5 m 504.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 296.5 m 562.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 296.5 m 392.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 296.5 m 448.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 296.5 m 504.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 296.5 m 562.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 250.5 m 336.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 239.5 m 336.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 237.5 m 336.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 250.5 m 392.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 239.5 m 392.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 237.5 m 392.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 250.5 m 448.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 239.5 m 448.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 237.5 m 448.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 250.5 m 504.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 239.5 m 504.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 237.5 m 504.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 250.5 m 562.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 239.5 m 562.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 237.5 m 562.5 237.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.20 695.58 Td (Year Ended December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 674.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 674.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.00 674.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.55 682.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 674.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 674.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 674.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 661.41 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 649.41 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 288.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.90 649.41 Td (308,299) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 343.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.90 649.41 Td (539,318) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 649.41 Td (99,894) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 649.41 Td (\(312,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 649.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 649.41 Td (635,014) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 637.41 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 625.41 Td (Purchases of property and equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 320.10 625.41 Td (\(36) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 625.41 Td (\(120,761) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.50 625.41 Td (\(86,277) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 625.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 625.41 Td (\(207,074) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 613.41 Td (Investment and intercompany note activity with) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 603.96 Td (subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 291.60 606.06 Td (\(1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 606.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 606.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 606.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 462.75 606.06 Td (1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 606.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 592.41 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 592.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 592.06 Td (\(685,278) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 592.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 592.06 Td (\(664,061) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 592.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 592.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 517.60 592.06 Td (\(1,349,339) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 592.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 578.41 Td (Proceeds from foreign exchange contracts) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 578.06 Td (18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 578.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 578.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 578.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 578.06 Td (18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 564.41 Td (Other investing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 328.05 564.41 Td (3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.25 564.41 Td (\(2,447) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 564.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 564.41 Td (\(169,413) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 564.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 564.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 564.41 Td (\(171,857) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 564.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 552.41 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 291.60 552.41 Td (\(1,702,423) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 552.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 552.41 Td (\(808,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 552.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 552.41 Td (\(919,751) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 552.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 462.75 552.41 Td (1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 517.60 552.41 Td (\(1,709,928) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 552.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 540.41 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 528.41 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 311.40 528.41 Td (7,963) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 528.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 528.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 528.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 528.41 Td (7,963) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 516.41 Td (Taxes paid related to net share settlements of stock-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 506.96 Td (based compensation awards) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.25 509.06 Td (\(4,438) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 509.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 509.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 509.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 509.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 509.06 Td (\(4,438) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 509.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 495.41 Td (Debt issuance costs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.25 495.41 Td (\(7,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 495.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 495.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.25 495.41 Td (\(9,450) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 495.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 495.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 495.41 Td (\(16,554) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 495.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 483.41 Td (Proceeds from issuance of Euro notes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 483.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 483.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 483.41 Td (563,450) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 483.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 483.41 Td (563,450) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 471.41 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 294.75 471.41 Td (1,744,408) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 471.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 471.41 Td (892,188) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 471.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 471.41 Td (2,636,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 459.41 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 298.75 459.41 Td (\(654,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 459.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 459.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.60 459.41 Td (\(1,094,664) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 459.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 459.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 517.60 459.41 Td (\(1,748,664) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 459.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 447.41 Td (Borrowings under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.90 447.41 Td (332,954) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 447.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 447.41 Td (249,161) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 447.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 447.41 Td (582,115) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 435.41 Td (Repayments under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.50 435.41 Td (\(10,898) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 435.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 435.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 435.41 Td (\(244,894) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 435.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 435.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 435.41 Td (\(255,792) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 435.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 423.41 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 423.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 423.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 423.41 Td (106,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 423.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 423.41 Td (106,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 411.41 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 411.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 411.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.50 411.41 Td (\(69,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 411.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 411.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 411.41 Td (\(69,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 411.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 399.41 Td (Repayments of other debt, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.55 399.41 Td (653) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.25 399.41 Td (\(2,935) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 399.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.50 399.41 Td (\(28,874) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 399.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 399.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 399.41 Td (\(31,156) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 399.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 387.41 Td (Repayment of Rhiag debt and related payments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 387.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 387.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 387.41 Td (\(543,347) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 387.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 387.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 387.41 Td (\(543,347) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 387.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 375.41 Td (Payments of other obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 375.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.25 375.06 Td (\(1,436) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 375.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 375.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 375.06 Td (\(1,436) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 375.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 361.41 Td (Investment and intercompany note activity with parent) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 361.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.90 361.41 Td (608,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.75 361.41 Td (1,112,462) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 361.41 Td (\(1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 361.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 361.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 349.41 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 349.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 349.41 Td (\(312,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 349.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 349.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.90 349.41 Td (312,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 349.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 337.41 Td (Net cash provided by financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 294.75 337.41 Td (1,409,538) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.90 337.41 Td (291,402) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 337.41 Td (933,032) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 337.41 Td (\(1,408,235) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 337.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 337.41 Td (1,225,737) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 325.41 Td (Effect of exchange rate changes on cash and equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 325.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 371.35 325.41 Td (\(157) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 325.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.25 325.41 Td (\(3,547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 325.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 325.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 325.41 Td (\(3,704) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 325.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 313.41 Td (Net increase in cash and equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 313.41 Td (15,414) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.65 313.41 Td (22,077) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 313.41 Td (109,628) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 313.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 313.41 Td (147,119) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 301.41 Td (Cash and equivalents, beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 301.06 Td (17,616) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.65 301.06 Td (13,432) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 301.06 Td (56,349) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 301.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 301.06 Td (87,397) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 287.41 Td (Cash and equivalents of continuing and discontinued) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 277.91 Td (operations, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 278.06 Td (33,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.65 278.06 Td (35,509) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 278.06 Td (165,977) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 278.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 278.06 Td (234,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 264.41 Td (Less: Cash and equivalents of discontinued operations,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 254.91 Td (end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 255.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 371.35 255.06 Td (\(149) Tj ET Q 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 691.5 m 506.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 691.5 m 510.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 691.5 m 562.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 670.5 m 338.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 670.5 m 394.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 670.5 m 450.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 670.5 m 506.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 670.5 m 562.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 646.5 m 338.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 646.5 m 394.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 646.5 m 450.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 646.5 m 506.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 646.5 m 562.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 577.5 m 338.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 577.5 m 394.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 577.5 m 450.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 577.5 m 506.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 577.5 m 562.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 577.5 m 338.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 565.5 m 338.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 577.5 m 394.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 565.5 m 394.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 577.5 m 450.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 565.5 m 450.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 577.5 m 506.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 565.5 m 506.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 577.5 m 562.5 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 565.5 m 562.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 400.5 m 338.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 400.5 m 394.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 400.5 m 450.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 400.5 m 506.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 400.5 m 562.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 400.5 m 338.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 388.5 m 338.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 400.5 m 394.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 388.5 m 394.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 400.5 m 450.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 388.5 m 450.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 400.5 m 506.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 388.5 m 506.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 388.5 m 562.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 388.5 m 338.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 388.5 m 394.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 388.5 m 450.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 388.5 m 506.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 388.5 m 562.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 352.5 m 338.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 352.5 m 394.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 352.5 m 450.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 352.5 m 506.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 352.5 m 562.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 341.5 m 338.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 339.5 m 338.5 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 352.5 m 394.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 341.5 m 394.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 339.5 m 394.5 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 352.5 m 450.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 341.5 m 450.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 339.5 m 450.5 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 352.5 m 506.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 341.5 m 506.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 339.5 m 506.5 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 352.5 m 562.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 341.5 m 562.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 339.5 m 562.5 339.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 695.58 Td (Year Ended December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 674.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 674.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 674.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 682.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 674.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 674.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 674.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 661.41 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 649.41 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 649.41 Td (262,812) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 649.41 Td (393,422) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 649.41 Td (136,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 649.41 Td (\(248,313) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 649.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 649.41 Td (544,282) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 637.41 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 625.41 Td (Purchases of property and equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.85 625.41 Td (\(1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 625.41 Td (\(85,868) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 625.41 Td (\(84,621) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 625.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 625.41 Td (\(170,490) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 613.41 Td (Investment and intercompany note activity with) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 603.96 Td (subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 606.06 Td (\(66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 606.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 606.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 606.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 606.06 Td (66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 606.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 592.41 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 592.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 592.41 Td (\(118,963) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 592.41 Td (\(41,554) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 592.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 592.41 Td (\(160,517) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 580.41 Td (Other investing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 580.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.40 580.41 Td (5,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 580.41 Td (\(4,432) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 580.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 580.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 580.41 Td (1,014) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 568.41 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 568.41 Td (\(66,713) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 568.41 Td (\(199,385) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 568.41 Td (\(130,607) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 568.41 Td (66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 568.41 Td (\(329,993) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 556.41 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 544.41 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 544.41 Td (8,168) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 544.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 544.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 544.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 544.41 Td (8,168) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 532.41 Td (Taxes paid related to net share settlements of stock-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 522.96 Td (based compensation awards) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 525.06 Td (\(7,581) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 525.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 525.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 525.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 525.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 525.06 Td (\(7,581) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 525.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 511.41 Td (Debt issuance costs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 511.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 511.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 434.10 511.41 Td (\(97) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 511.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 511.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 546.10 511.41 Td (\(97) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 511.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 499.41 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 499.41 Td (212,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 499.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 499.41 Td (101,142) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 499.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 499.41 Td (313,142) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 487.41 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 487.41 Td (\(352,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 487.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 487.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 487.41 Td (\(93,282) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 487.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 487.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 487.41 Td (\(445,282) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 487.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 475.41 Td (Repayments under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 475.41 Td (\(22,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 475.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 475.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 475.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 475.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 475.41 Td (\(22,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 475.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 463.41 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 463.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 463.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 463.41 Td (3,858) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 463.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 463.41 Td (3,858) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 451.41 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 451.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 451.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 451.41 Td (\(35,758) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 451.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 451.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 451.41 Td (\(35,758) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 451.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 439.41 Td (Repayments \(borrowings\) of other debt, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 439.41 Td (\(31,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 439.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 439.41 Td (\(3,457) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 439.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 439.41 Td (5,261) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 439.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 439.41 Td (\(29,696) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 439.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 427.41 Td (Payments of other obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 427.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 427.41 Td (\(21,896) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 427.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.35 427.41 Td (\(895) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 427.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 427.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 427.41 Td (\(22,791) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 427.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 415.41 Td (Investment and intercompany note activity with parent) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 415.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 415.41 Td (60,910) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 415.41 Td (5,802) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.50 415.41 Td (\(66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 415.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 415.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 403.41 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 403.41 Td (\(248,313) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 403.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 403.41 Td (248,313) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 391.41 Td (Net 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1 rg /GS0 gs 398.50 361.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 361.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 361.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 361.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 361.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 337.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 337.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 337.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 337.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 337.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 337.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 337.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 337.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 337.50 52.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 691.5 m 338.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 691.5 m 342.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 691.5 m 394.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 691.5 m 398.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 691.5 m 450.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 691.5 m 454.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 691.5 m 506.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 691.5 m 510.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 691.5 m 562.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 670.5 m 338.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 670.5 m 394.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 670.5 m 450.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 670.5 m 506.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 670.5 m 562.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 646.5 m 338.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 646.5 m 394.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 646.5 m 450.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 646.5 m 506.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 646.5 m 562.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 575.5 m 338.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 563.5 m 338.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 575.5 m 394.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 563.5 m 394.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 575.5 m 450.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 563.5 m 450.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 575.5 m 506.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 563.5 m 506.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 575.5 m 562.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 563.5 m 562.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 373.5 m 338.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 373.5 m 394.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 373.5 m 450.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 373.5 m 506.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 373.5 m 562.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 373.5 m 338.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 361.5 m 338.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 373.5 m 394.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 361.5 m 394.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 373.5 m 450.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 361.5 m 450.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 373.5 m 506.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 361.5 m 506.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 373.5 m 562.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 361.5 m 562.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 361.5 m 338.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 361.5 m 394.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 361.5 m 450.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 361.5 m 506.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 361.5 m 562.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 325.5 m 338.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 325.5 m 394.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 325.5 m 450.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 325.5 m 506.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 325.5 m 562.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 325.5 m 338.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 314.5 m 338.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 312.5 m 338.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 325.5 m 394.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 314.5 m 394.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 312.5 m 394.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 325.5 m 450.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 314.5 m 450.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 312.5 m 450.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 325.5 m 506.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 314.5 m 506.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 312.5 m 506.5 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 325.5 m 562.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 314.5 m 562.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 312.5 m 562.5 312.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 695.58 Td (Year Ended December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 674.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 674.73 Td (Parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 674.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 682.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 674.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 674.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 674.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 661.41 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 649.41 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 649.41 Td (289,035) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 649.41 Td (427,249) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 649.41 Td (\(53,348) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 649.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 649.41 Td (\(274,225) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 649.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 649.41 Td (388,711) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 637.41 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 625.41 Td (Purchases of property and equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 322.10 625.41 Td (\(44) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 625.41 Td (\(85,182) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 625.41 Td (\(55,724) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 625.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 625.41 Td (\(140,950) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 613.41 Td (Investment and intercompany note activity with) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 603.91 Td (subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 604.06 Td (\(477,007) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 604.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 373.35 604.06 Td (\(608) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 604.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 604.06 Td (477,615) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 590.41 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 590.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 590.41 Td (\(635,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 590.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 590.41 Td (\(140,750) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 590.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 590.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 590.41 Td (\(775,921) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 590.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 578.41 Td (Other investing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 578.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 376.55 578.41 Td (768) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 578.41 Td (\(4,891) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 578.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 578.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 578.41 Td (\(4,123) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 578.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 566.41 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 566.41 Td (\(477,051) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 566.41 Td (\(720,193) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 566.41 Td (\(201,365) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 566.41 Td (477,615) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 566.41 Td (\(920,994) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 554.41 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 542.41 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 542.41 Td (9,324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 542.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 542.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 542.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 542.41 Td (9,324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 530.41 Td (Taxes paid related to net share settlements of stock-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 520.91 Td (based compensation awards) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.35 522.06 Td (\(443) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 522.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 522.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 522.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 522.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.35 522.06 Td (\(443) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 522.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 508.41 Td (Debt issuance costs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 508.41 Td (\(3,675) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 508.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 508.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 434.10 508.41 Td (\(75) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 508.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 508.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 508.41 Td (\(3,750) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 508.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 496.41 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 496.41 Td (867,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 496.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 496.41 Td (720,644) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 496.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 496.41 Td (1,587,644) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 484.41 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 484.41 Td (\(727,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 484.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 484.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 484.41 Td (\(371,518) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 484.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 484.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 517.60 484.41 Td (\(1,098,518) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 484.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 472.41 Td (Borrowings under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 472.41 Td (11,250) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 472.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 472.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 472.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 472.41 Td (11,250) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 460.41 Td (Repayments under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 460.41 Td (\(16,875) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 460.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 460.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 460.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 460.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 460.41 Td (\(16,875) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 460.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 448.41 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 448.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 448.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 448.41 Td (95,050) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 448.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 448.41 Td (95,050) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 436.41 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 436.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 436.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.35 436.41 Td (\(150) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 436.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 436.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.35 436.41 Td (\(150) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 436.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 424.41 Td (Repayments of other debt, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 424.41 Td (\(1,921) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 424.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 424.41 Td (\(2,310) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 424.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 424.41 Td (\(35,820) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 424.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 424.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 424.41 Td (\(40,051) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 424.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 412.41 Td (Payments of other obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 412.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 373.35 412.41 Td (\(464) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 412.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 412.41 Td (\(41,528) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 412.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 412.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 412.41 Td (\(41,992) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 412.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 400.41 Td (Other financing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 400.41 Td (\(12,640) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 400.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 400.41 Td (12,340) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 400.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 400.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.35 400.41 Td (\(300) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 400.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 388.41 Td (Investment and intercompany note activity with parent) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 388.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 388.41 Td (576,384) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 388.41 Td (\(98,769) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 388.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 388.41 Td (\(477,615) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 388.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 388.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 376.41 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 376.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 376.41 Td (\(274,225) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 376.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 376.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 376.41 Td (274,225) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 376.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 364.41 Td (Net cash provided by financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 364.41 Td (125,020) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 364.41 Td (311,725) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 364.41 Td (267,834) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 364.41 Td (\(203,390) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 364.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 364.41 Td (501,189) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 352.41 Td (Effect of exchange rate changes on cash and equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 352.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 373.35 352.41 Td (\(371) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 352.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 352.41 Td (\(4,418) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 352.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 352.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 352.41 Td (\(4,789) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 352.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 340.41 Td (Net \(decrease\) increase in cash and equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 340.41 Td (\(62,996) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 340.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 340.41 Td (18,410) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 340.41 Td (8,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 340.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 340.41 Td (\(35,883) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 340.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 328.41 Td (Cash and equivalents, beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 328.41 Td (77,926) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 328.41 Td (13,693) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 328.41 Td (58,869) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 328.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 328.41 Td (150,488) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 316.41 Td (Cash and equivalents, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 316.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 316.41 Td (14,930) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 316.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 316.41 Td (32,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 316.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 316.41 Td (67,572) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 316.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 316.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 316.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 316.41 Td (114,605) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM9. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (CHANGES IN ) Tj ET Q q 0 0 0 rg BT 187.01 742.25 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 301.30 742.25 Td (WITH ) Tj ET Q q 0 0 0 rg BT 331.58 742.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 381.40 742.25 Td (ANTS ON ) Tj ET Q q 0 0 0 rg BT 427.52 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 498.92 742.25 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 730.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 178.12 730.25 Td ( DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (ITEM9A. ) Tj ET Q q 0 0 0 rg BT 122.00 682.25 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 180.07 682.25 Td (AND PROCEDURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 149.83 664.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 182.14 664.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 225.30 664.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.56 664.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 646.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 646.25 Td (, the end of the period covered by this report, an evaluation was carried out under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (supervision and with the participation of LKQ Corporation's management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 483.74 634.25 Td (ficer and our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 100.08 622.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 118.00 622.25 Td (, of our "disclosure controls and procedures" \(as defined in Rule13a-15\(e\) under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 541.86 622.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (of 1934\). Based upon that evaluation, our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 296.14 610.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 408.70 610.25 Td (ficer concluded that the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 220.59 598.25 Td (fective to ensure that information required to be disclosed in the reports we file with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (the Securities and Exchange Commission \("SEC"\) is recorded, processed, summarized and reported within the time periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (specified in the SEC) Tj ET Q q 0 0 0 rg BT 134.71 574.25 Td (s rules and forms and that information required to be disclosed is accumulated and communicated to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 562.25 Td (s management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 287.82 562.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 400.37 562.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 418.29 562.25 Td (, as appropriate to allow timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (decisions regarding required disclosure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (Report of Management on Internal Contr) Tj ET Q q 0 0 0 rg BT 227.85 529.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 256.83 529.25 Td ( Financial Reporting dated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.05 529.25 Td (February27, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.10 529.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 511.25 Td (Management of LKQ Corporation and subsidiaries \(the "Company"\) is responsible for establishing and maintaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (adequate internal control over financial reporting as defined in Rules13a-15\(f\) and 15d-15\(f\) under the Securities Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 102.59 487.25 Td (The Company's internal control over financial reporting is a process designed to provide reasonable assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (with accounting principles generally accepted in the United States. Internal control over financial reporting includes those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (policies and procedures that \(i\)pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (transactions and dispositions of the assets of the Company) Tj ET Q q 0 0 0 rg BT 282.65 439.25 Td (, \(ii\)provide reasonable assurance that transactions are recorded as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (of the Company) Tj ET Q q 0 0 0 rg BT 113.78 403.25 Td (, and \(iii\)provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (use, or disposition of the Company's assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 337.39 391.25 Td (fect on the Company's financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 373.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 373.25 Td (e have excluded from our assessment the internal control over financial reporting at Rhiag, PGW) Tj ET Q q 0 0 0 rg BT 482.39 373.25 Td ( and ) Tj ET Q q 0 0 0 rg BT 501.27 373.25 Td (Andrew Page, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (all of which were acquired during 2016, and whose financial statements constitute 28% and 29% of net and total assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 349.25 Td (, 13% of revenue, and less than 1% of net income of the consolidated financial statement amounts as of and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (year ended December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 320.25 Td (Internal control over financial reporting includes the controls themselves, monitoring and internal auditing practices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (and actions taken to correct deficiencies as identified. Because of its inherent limitations, internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 254.95 296.25 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 416.11 296.25 Td (fectiveness to future periods are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.25 Td (Management assessed the ef) Tj ET Q q 0 0 0 rg BT 199.39 254.25 Td (fectiveness of the Company's internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.37 254.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 242.25 Td (. Management based this assessment on criteria for ef) Tj ET Q q 0 0 0 rg BT 283.92 242.25 Td (fective internal control over financial reporting described in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.48 242.25 Td (Internal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 72.97 230.25 Td (olIntegrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.61 230.25 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 383.03 230.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 456.44 230.25 Td (T) Tj ET Q q 0 0 0 rg BT 462.20 230.25 Td (readway Commission. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (Management's assessment included an evaluation of the design of the Company's internal control over financial reporting and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (testing of the operational ef) Tj ET Q q 0 0 0 rg BT 159.78 206.25 Td (fectiveness of its internal control over financial reporting. Management reviewed the results of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (assessment with the ) Tj ET Q q 0 0 0 rg BT 131.38 194.25 Td (Audit Committee of the Company's Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 176.25 Td (Based on this assessment, management determined that, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.55 176.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.13 176.25 Td (, the Company maintained ef) Tj ET Q q 0 0 0 rg BT 528.75 176.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (internal control over financial reporting. Deloitte& ) Tj ET Q q 0 0 0 rg BT 258.08 164.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.49 164.25 Td (oucheLLP) Tj ET Q q 0 0 0 rg BT 306.54 164.25 Td (, independent registered public accounting firm, who audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (and reported on the consolidated financial statements of the Company included in this report, has issued an attestation report on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (the ef) Tj ET Q q 0 0 0 rg BT 72.30 140.25 Td (fectiveness of our internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.32 140.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.90 140.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 119.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 119.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 101.25 Td (There was no change in the Company) Tj ET Q q 0 0 0 rg BT 239.84 101.25 Td (s internal control over financial reporting that occurred during the Company) Tj ET Q q 0 0 0 rg BT 546.97 101.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (most recently completed fiscal quarter that has materially af) Tj ET Q q 0 0 0 rg BT 289.72 89.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 471.14 89.25 Td (fect, the Company) Tj ET Q q 0 0 0 rg BT 547.50 89.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (internal control over financial reporting.) 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Our responsibility is to express an opinion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (on the Company's internal control over financial reporting based on our audit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 544.25 Td (e conducted our audit in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 410.94 544.25 Td (Accounting Oversight Board \(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (States\). ) Tj ET Q q 0 0 0 rg BT 82.04 532.25 Td (Those standards require that we plan and perform the audit to obtain reasonable assurance about whether ef) Tj ET Q q 0 0 0 rg BT 511.69 532.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (internal control over financial reporting was maintained in all material respects. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 328.25 Td (Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (timely basis. ) Tj ET Q q 0 0 0 rg BT 102.50 304.25 Td (Also, projections of any evaluation of the ef) Tj ET Q q 0 0 0 rg BT 278.38 304.25 Td (fectiveness of the internal control over financial reporting to future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 262.25 Td (In our opinion, the Company maintained, in all material respects, ef) Tj ET Q q 0 0 0 rg BT 356.58 262.25 Td (fective internal control over financial reporting as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 250.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 250.25 Td (, based on the criteria established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 284.92 250.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 342.61 250.25 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.69 250.25 Td ( issued by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 166.20 238.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 239.61 238.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.37 238.25 Td (readway Commission.) 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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 134.75 m 197.5 134.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 139.42 Td (/s/DELOITTE & TOUCHE LLP) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (Chicago, Illinois) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (February27, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (108) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM9B. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 208.76 742.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (None.) 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Tj ET Q q 0 0 0 rg BT 188.31 431.25 Td (W) Tj ET Q q 0 0 0 rg BT 196.95 431.25 Td (agman was our President and Co-Chief Executive Of) Tj ET Q q 0 0 0 rg BT 409.21 431.25 Td (ficer from January1, 201) Tj ET Q q 0 0 0 rg BT 510.19 431.25 Td (1 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (January1, 2012. Prior thereto, he had been our Senior ) Tj ET Q q 0 0 0 rg BT 268.37 419.25 Td (V) Tj ET Q q 0 0 0 rg BT 275.00 419.25 Td (ice President of OperationsWholesale Parts Division, with oversight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (of our wholesale late model operations, since ) Tj ET Q q 0 0 0 rg BT 232.72 407.25 Td (August 2009. Prior thereto, from October 1998, Mr) Tj ET Q q 0 0 0 rg BT 437.70 407.25 Td (.) Tj ET Q q 0 0 0 rg BT 442.51 407.25 Td (W) Tj ET Q q 0 0 0 rg BT 451.15 407.25 Td (agman managed our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (insurance company relationships, and from February 2004, added to his responsibilities the oversight of our aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (product operations.He was elected our ) Tj ET Q q 0 0 0 rg BT 208.37 383.25 Td (V) Tj ET Q q 0 0 0 rg BT 215.00 383.25 Td (ice President of Insurance Services and ) Tj ET Q q 0 0 0 rg BT 373.83 383.25 Td (Aftermarket Operations in ) Tj ET Q q 0 0 0 rg BT 481.29 383.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (2005.Before joining us, Mr) Tj ET Q q 0 0 0 rg BT 161.10 371.25 Td (.) Tj ET Q q 0 0 0 rg BT 165.92 371.25 Td (W) Tj ET Q q 0 0 0 rg BT 174.56 371.25 Td (agman served from ) Tj ET Q q 0 0 0 rg BT 253.70 371.25 Td (April 1995 to October 1998 as the Outside Sales Manager of ) Tj ET Q q 0 0 0 rg BT 498.75 371.25 Td (T) Tj ET Q q 0 0 0 rg BT 504.50 371.25 Td (riplett ) Tj ET Q q 0 0 0 rg BT 530.33 371.25 Td (Auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (Parts, Inc., a recycled auto parts company that we acquired in July 1998.He started in our industry in 1987 as an ) Tj ET Q q 0 0 0 rg BT 502.10 359.25 Td (Account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (Executive for Copart ) Tj ET Q q 0 0 0 rg BT 135.81 347.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 157.75 347.25 Td (Auctions, a processor and seller of salvage vehicles through auctions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (John S. Quinn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.37 329.25 Td (became our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 239.80 329.25 Td (ficer and Managing Director) Tj ET Q q 0 0 0 rg BT 353.52 329.25 Td (, LKQ Europe in February 2015. Prior to that he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (was our Executive ) Tj ET Q q 0 0 0 rg BT 126.18 317.25 Td (V) Tj ET Q q 0 0 0 rg BT 132.80 317.25 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 278.41 317.25 Td (ficer from November 2009.Prior to joining our Company) Tj ET Q q 0 0 0 rg BT 508.55 317.25 Td (, he was the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.43 305.25 Td (V) Tj ET Q q 0 0 0 rg BT 85.05 305.25 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 216.22 305.25 Td (ficer and ) Tj ET Q q 0 0 0 rg BT 253.79 305.25 Td (T) Tj ET Q q 0 0 0 rg BT 259.55 305.25 Td (reasurer of Casella ) Tj ET Q q 0 0 0 rg BT 336.83 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 345.47 305.25 Td (aste Systems, Inc., a company in the solid waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (management services industry) Tj ET Q q 0 0 0 rg BT 170.42 293.25 Td (, from January 2009.FromJanuary 2001 to January 2009 he held various positions of increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (responsibility with ) Tj ET Q q 0 0 0 rg BT 126.67 281.25 Td (Allied ) Tj ET Q q 0 0 0 rg BT 153.98 281.25 Td (W) Tj ET Q q 0 0 0 rg BT 162.62 281.25 Td (aste Industries, Inc., a company also in the solid waste management services industry) Tj ET Q q 0 0 0 rg BT 502.71 281.25 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.43 269.25 Td (V) Tj ET Q q 0 0 0 rg BT 85.05 269.25 Td (ice President of Finance from January 2005 to January 2009, Controller and Chief ) Tj ET Q q 0 0 0 rg BT 415.53 269.25 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 475.05 269.25 Td (ficer from November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (2006 to September 2007 and ) Tj ET Q q 0 0 0 rg BT 167.30 257.25 Td (V) Tj ET Q q 0 0 0 rg BT 173.92 257.25 Td (ice President Financial ) Tj ET Q q 0 0 0 rg BT 266.95 257.25 Td (Analysis and Planning from January 2003 to January 2005.From) Tj ET Q q 0 0 0 rg BT 529.98 257.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (1987 to January 2001, he held various positions with ) Tj ET Q q 0 0 0 rg BT 263.69 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 272.32 245.25 Td (aste Management Inc.'s foreign subsidiaries, and ) Tj ET Q q 0 0 0 rg BT 468.89 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 477.52 245.25 Td (aste Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (International, plc. in Canada and the United Kingdom.Prior to working for ) Tj ET Q q 0 0 0 rg BT 352.81 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 361.45 233.25 Td (aste Management, he worked for Ford Glass Ltd., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (a subsidiary of Ford Motor Company) Tj ET Q q 0 0 0 rg BT 198.51 221.25 Td (. In January 2017, he was elected to the Board of Directors of Mekonomen Group, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (automotive spare parts chain in the Nordic region, of which we are 26.5% owner) Tj ET Q q 0 0 0 rg BT 372.40 209.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (Dominick Zarcone) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.50 191.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 191.25 Td (became our Executive ) Tj ET Q q 0 0 0 rg BT 221.16 191.25 Td (V) Tj ET Q q 0 0 0 rg BT 227.78 191.25 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 373.39 191.25 Td (ficer in March 2015. Prior to joining our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 179.25 Td (, he was the Managing Director and the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 321.03 179.25 Td (ficer of Baird Financial Group, a capital markets and wealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (management company) Tj ET Q q 0 0 0 rg BT 139.59 167.25 Td (, and certain of its af) Tj ET Q q 0 0 0 rg BT 221.60 167.25 Td (filiates from ) Tj ET Q q 0 0 0 rg BT 272.70 167.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 310.94 167.25 Td (1 to March 2015. He also served from ) Tj ET Q q 0 0 0 rg BT 465.07 167.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 503.31 167.25 Td (1 to March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (2015 as ) Tj ET Q q 0 0 0 rg BT 83.15 155.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.91 155.25 Td (reasurer of Baird Funds, Inc., a family of fixed income and equity mutual funds managed by Robert ) Tj ET Q q 0 0 0 rg BT 490.28 155.25 Td (W) Tj ET Q q 0 0 0 rg BT 498.80 155.25 Td (. Baird & Co. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (Incorporated, a registered broker/dealer) Tj ET Q q 0 0 0 rg BT 207.70 143.25 Td (. From February 1995 to ) Tj ET Q q 0 0 0 rg BT 307.69 143.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 345.93 143.25 Td (1, Mr) Tj ET Q q 0 0 0 rg BT 367.60 143.25 Td (. Zarcone was a Managing Director of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (Investment Banking department of Robert ) Tj ET Q q 0 0 0 rg BT 221.17 131.25 Td (W) Tj ET Q q 0 0 0 rg BT 229.69 131.25 Td (. Baird & Co. Incorporated. From February 1986 to February 1995, he was with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (the investment banking company Kidder) Tj ET Q q 0 0 0 rg BT 212.34 119.25 Td (, Peabody & Co., Incorporated, most recently as Senior ) Tj ET Q q 0 0 0 rg BT 435.72 119.25 Td (V) Tj ET Q q 0 0 0 rg BT 442.34 119.25 Td (ice President of Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (Banking. Mr) Tj ET Q q 0 0 0 rg BT 100.56 107.25 Td (. Zarcone is a member of the Board of Directors of Generac Power Systems, Inc., a designer and manufacturer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (power generation equipment and engine-powered products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (V) Tj ET Q q 0 0 0 rg BT 56.12 77.25 Td (ictor M. Casini ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.58 77.25 Td (has been our ) Tj ET Q q 0 0 0 rg BT 173.43 77.25 Td (V) Tj ET Q q 0 0 0 rg BT 180.05 77.25 Td (ice President, General Counsel and Corporate Secretary from our inception in February 1998. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (In March 2008, he was elected Senior) Tj ET Q q 0 0 0 rg BT 203.66 65.25 Td (V) Tj ET Q q 0 0 0 rg BT 210.28 65.25 Td (ice President. Mr) Tj ET Q q 0 0 0 rg BT 278.32 65.25 Td (. Casini was a member of our Board of Directors from May 2010 until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.25 Td (May 2012. From July 1992 to December 201) Tj ET Q q 0 0 0 rg BT 230.16 53.25 Td (1, Mr) Tj ET Q q 0 0 0 rg BT 251.83 53.25 Td (.Casini was the Executive ) Tj ET Q q 0 0 0 rg BT 359.96 53.25 Td (V) Tj ET Q q 0 0 0 rg BT 366.58 53.25 Td (ice President and General Counsel of Flynn ) Tj ET Q endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Enterprises, Inc., a venture capital, hedging and consulting firm. Mr) Tj ET Q q 0 0 0 rg BT 321.04 742.10 Td (.Casini served as Senior ) Tj ET Q q 0 0 0 rg BT 421.95 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 428.57 742.10 Td (ice President, General Counsel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and Corporate Secretary of Discovery Zone, Inc., an operator and franchiser of family entertainment centers, from July 1992 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (until May 1995. Prior to July 1992, Mr) Tj ET Q q 0 0 0 rg BT 205.28 718.10 Td (.Casini practiced corporate and securities law with the law firm of Bell, Boyd& Lloyd ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 67.41 706.10 Td ( \(now known as K&L) Tj ET Q q 0 0 0 rg BT 154.25 706.10 Td ( Gates LLP\) in Chicago, Illinois for more than five years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 688.10 Td (alter P) Tj ET Q q 0 0 0 rg BT 84.36 688.10 Td (. Hanley) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.35 688.10 Td ( joined us in December 2002 as our ) Tj ET Q q 0 0 0 rg BT 263.58 688.10 Td (V) Tj ET Q q 0 0 0 rg BT 270.20 688.10 Td (ice President of Development, ) Tj ET Q q 0 0 0 rg BT 393.22 688.10 Td (Associate General Counsel and ) Tj ET Q q 0 0 0 rg BT 520.41 688.10 Td (Assistant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Secretary) Tj ET Q q 0 0 0 rg BT 87.10 676.10 Td (. In December 2005, he became our Senior ) Tj ET Q q 0 0 0 rg BT 260.75 676.10 Td (V) Tj ET Q q 0 0 0 rg BT 267.37 676.10 Td (ice President of Development. Mr) Tj ET Q q 0 0 0 rg BT 402.61 676.10 Td (.Hanley served as Senior ) Tj ET Q q 0 0 0 rg BT 506.85 676.10 Td (V) Tj ET Q q 0 0 0 rg BT 513.47 676.10 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (President, General Counsel and Secretary of Emerald Casino,Inc., an owner of a license to operate a riverboat casino in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (State of Illinois, from June 1999 until ) Tj ET Q q 0 0 0 rg BT 202.21 652.10 Td (August 2002. Mr) Tj ET Q q 0 0 0 rg BT 270.27 652.10 Td (.Hanley served as Senior ) Tj ET Q q 0 0 0 rg BT 374.51 652.10 Td (V) Tj ET Q q 0 0 0 rg BT 381.13 652.10 Td (ice President, General Counsel and Secretary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (of Blue Chip Casino,Inc., an owner and operator of a riverboat gaming vessel in Michigan City) Tj ET Q q 0 0 0 rg BT 432.87 640.10 Td (, Indiana, from July 1996 until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (November 1999. Mr) Tj ET Q q 0 0 0 rg BT 131.38 628.10 Td (.Hanley served as ) Tj ET Q q 0 0 0 rg BT 207.00 628.10 Td (V) Tj ET Q q 0 0 0 rg BT 213.62 628.10 Td (ice President and ) Tj ET Q q 0 0 0 rg BT 283.88 628.10 Td (Associate General Counsel of Flynn Enterprises,Inc. from May 1995 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (until February 1998 and as ) Tj ET Q q 0 0 0 rg BT 159.15 616.10 Td (Associate General Counsel of Discovery Zone,Inc. from March 1993 until May 1995. Prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (March 1993, Mr) Tj ET Q q 0 0 0 rg BT 115.27 604.10 Td (.Hanley practiced corporate and securities law with the law firm of Bell, Boyd& LloydLLP) Tj ET Q q 0 0 0 rg BT 487.57 604.10 Td ( \(now known as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (K&L) Tj ET Q q 0 0 0 rg BT 70.74 592.10 Td ( Gates LLP\) in Chicago, Illinois.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Justin L. Jude) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.18 574.10 Td ( became our Senior ) Tj ET Q q 0 0 0 rg BT 188.97 574.10 Td (V) Tj ET Q q 0 0 0 rg BT 195.59 574.10 Td (ice President of OperationsWholesale Parts Division in July 2015. Mr) Tj ET Q q 0 0 0 rg BT 486.94 574.10 Td (. Jude has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (with us since February 2004 in various roles, including from March 2008 to February 201) Tj ET Q q 0 0 0 rg BT 409.29 562.10 Td (1 as ) Tj ET Q q 0 0 0 rg BT 427.44 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 434.06 562.10 Td (ice President - Supply Chain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (from February 201) Tj ET Q q 0 0 0 rg BT 125.17 550.10 Td (1 to May 2014 as ) Tj ET Q q 0 0 0 rg BT 196.92 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 203.54 550.10 Td (ice President - Information Systems \(North ) Tj ET Q q 0 0 0 rg BT 377.96 550.10 Td (America\), and from June 2014 to July 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (as President of Keystone ) Tj ET Q q 0 0 0 rg BT 151.09 538.10 Td (Automotive Operations, Inc., our specialty automotive business. Mr) Tj ET Q q 0 0 0 rg BT 422.44 538.10 Td (. Jude has been in the Company) Tj ET Q q 0 0 0 rg BT 552.13 538.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (industry for over 18 years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 505.30 Td (Ashley T) Tj ET Q q 0 0 0 rg BT 85.47 505.30 Td (. Brooks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.42 505.30 Td (joined us as Senior ) Tj ET Q q 0 0 0 rg BT 200.57 505.30 Td (V) Tj ET Q q 0 0 0 rg BT 207.19 505.30 Td (ice PresidentChief Information Of) Tj ET Q q 0 0 0 rg BT 353.91 505.30 Td (ficer in May 2016. Prior to joining us, he held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.30 Td (various Information ) Tj ET Q q 0 0 0 rg BT 132.02 493.30 Td (T) Tj ET Q q 0 0 0 rg BT 137.43 493.30 Td (echnology positions from 1999 to 2016 with ) Tj ET Q q 0 0 0 rg BT 317.15 493.30 Td (Arrow Electronics, Inc., a global provider of products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.30 Td (services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Mr) Tj ET Q q 0 0 0 rg BT 541.00 481.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.30 Td (Brooks' most recent position with ) Tj ET Q q 0 0 0 rg BT 186.52 469.30 Td (Arrow Electronics was Chief Information Of) Tj ET Q q 0 0 0 rg BT 366.01 469.30 Td (ficer) Tj ET Q q 0 0 0 rg BT 383.92 469.30 Td (, Global Components from ) Tj ET Q q 0 0 0 rg BT 493.08 469.30 Td (April 2012 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.30 Td (May 2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 436.50 Td (Matthew J. McKay) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.06 436.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.56 436.50 Td (became our Senior ) Tj ET Q q 0 0 0 rg BT 207.85 436.50 Td (V) Tj ET Q q 0 0 0 rg BT 214.47 436.50 Td (ice President of Human Resources in June 2016. Prior thereto, he served as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.50 Td (Associate General Counsel from December 2007 to May 2016, focusing on employment-related matters. Prior to joining us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 412.50 Td (. McKay served as a law clerk for Judge ) Tj ET Q q 0 0 0 rg BT 224.76 412.50 Td (W) Tj ET Q q 0 0 0 rg BT 233.80 412.50 Td (illiam Bauer at the United States Court of ) Tj ET Q q 0 0 0 rg BT 402.10 412.50 Td (Appeals for the Seventh Circuit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.50 Td (Michael S. Clark ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.79 394.50 Td (has been our ) Tj ET Q q 0 0 0 rg BT 175.64 394.50 Td (V) Tj ET Q q 0 0 0 rg BT 182.27 394.50 Td (ice PresidentFinance and Controller since February 201) Tj ET Q q 0 0 0 rg BT 414.61 394.50 Td (1.Prior thereto, he served as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.50 Td (Assistant Controller since May 2008.Prior to joining our Company) Tj ET Q q 0 0 0 rg BT 319.33 382.50 Td (, he was the SEC Reporting Manager of FMC ) Tj ET Q q 0 0 0 rg BT 504.68 382.50 Td (T) Tj ET Q q 0 0 0 rg BT 510.09 382.50 Td (echnologies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.50 Td (Inc., a global provider of technology solutions for the ener) Tj ET Q q 0 0 0 rg BT 283.36 370.50 Td (gy industry) Tj ET Q q 0 0 0 rg BT 327.99 370.50 Td (, from December 2004 to May 2008.Before joining FMC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 358.50 Td (echnologies, Mr) Tj ET Q q 0 0 0 rg BT 119.84 358.50 Td (.Clark, a certified public accountant, worked in public accounting for more than eight years, leaving as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.50 Td (Senior Manager in the audit practice of Deloitte& ) Tj ET Q q 0 0 0 rg BT 253.92 346.50 Td (T) Tj ET Q q 0 0 0 rg BT 259.33 346.50 Td (ouche.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.50 Td (Code of Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.50 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 307.50 Td ( copy of our Code of Ethics for Financial Of) Tj ET Q q 0 0 0 rg BT 269.95 307.50 Td (ficers is available free of char) Tj ET Q q 0 0 0 rg BT 388.30 307.50 Td (ge through our website at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 295.50 Td (www) Tj ET Q q 0 0 0 rg BT 69.27 295.50 Td (.lkqcorp.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.47 295.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.50 Td (Section16 Compliance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.50 Td (Information appearing under the caption "Other InformationSection16\(a\) Beneficial Ownership Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.50 Td (Compliance" in the Proxy Statement is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 223.50 Td (Audit Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.50 Td (Information appearing under the caption "Corporate GovernanceCommittees of the BoardAudit Committee" in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.50 Td (the Proxy Statement is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 163.50 Td (ITEM1) Tj ET Q q 0 0 0 rg BT 83.62 163.50 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.00 163.50 Td (EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 240.44 163.50 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 145.50 Td (Information appearing under the captions "Director CompensationDirector Compensation ) Tj ET Q q 0 0 0 rg BT 457.58 145.50 Td (T) Tj ET Q q 0 0 0 rg BT 462.99 145.50 Td (able," "Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.50 Td (CompensationCompensation Discussion and ) Tj ET Q q 0 0 0 rg BT 240.83 133.50 Td (Analysis," "Corporate GovernanceCompensation Committee Interlocks and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.50 Td (Insider Participation" and "Executive CompensationCompensation ) Tj ET Q q 0 0 0 rg BT 329.32 121.50 Td (T) Tj ET Q q 0 0 0 rg BT 334.73 121.50 Td (ables" in the Proxy Statement is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.50 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.50 61.50 Td (ITEM12. ) Tj ET Q q 0 0 0 rg BT 122.00 61.50 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 173.31 61.50 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 237.49 61.50 Td ( OF) Tj ET Q q 0 0 0 rg BT 253.50 61.50 Td ( CER) Tj ET Q q 0 0 0 rg BT 276.77 61.50 Td (T) Tj ET Q q 0 0 0 rg BT 282.69 61.50 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 365.21 61.50 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 414.11 61.50 Td (AND MANAGEMENT) Tj ET Q q 0 0 0 rg BT 513.65 61.50 Td ( ) Tj ET Q q 0 0 0 rg BT 515.60 61.50 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 49.50 Td (RELA) Tj ET Q q 0 0 0 rg BT 149.04 49.50 Td (TED ST) Tj ET Q q 0 0 0 rg BT 184.15 49.50 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 268.69 49.50 Td (TTERS) Tj ET Q endstream endobj 223 0 obj <> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.48 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 308.11 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Information appearing under the caption "Other InformationPrincipal Stockholders" in the Proxy Statement is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (The following table provides information about our common stock that may be issued under our equity compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (plans as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 700.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.85 700.10 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.10 679.10 Td (Equity Compensation Plan Information ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 615.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 615.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 615.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 615.60 122.00 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/F2 8.00 Tf ET q 0 0 0 rg BT 295.50 659.83 Td (Number) Tj ET Q q 0 0 0 rg BT 323.80 659.83 Td ( of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.20 651.83 Td (securitiestobeissued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.50 643.83 Td (upon exer) Tj ET Q q 0 0 0 rg BT 320.36 643.83 Td (cise of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.30 635.83 Td (outstanding options, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.95 627.83 Td (warrants, and rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 619.83 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.60 651.83 Td (W) Tj ET Q q 0 0 0 rg BT 373.16 651.83 Td (eighted-average ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 643.83 Td (exer) Tj ET Q q 0 0 0 rg BT 383.51 643.83 Td (cise price of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 635.83 Td (outstandingoptions, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.45 627.83 Td (warrants,andrights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.60 619.83 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.00 659.83 Td (Number) Tj ET Q q 0 0 0 rg BT 474.30 659.83 Td ( of securitiesr) Tj ET Q q 0 0 0 rg BT 522.36 659.83 Td (emaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 651.83 Td (available for) Tj ET Q q 0 0 0 rg BT 509.74 651.83 Td ( futur) Tj ET Q q 0 0 0 rg BT 529.37 651.83 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.95 643.83 Td (issuanceunder) Tj ET Q q 0 0 0 rg BT 513.70 643.83 Td (equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 635.83 Td (compensationplans \(excluding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.20 627.83 Td (securitiesr) Tj ET Q q 0 0 0 rg BT 479.59 627.83 Td (eflectedincolumn \(a\)\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.55 619.83 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 605.27 Td (Equity compensation plans approved by stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 590.27 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 590.27 Td (2,623,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 590.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 590.27 Td (9.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 575.27 Td (Restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 575.27 Td (1,873,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 560.27 Td (Total equity compensation plans approved by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 550.27 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 550.27 Td (4,496,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 550.27 Td (11,655,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 535.27 Td (Equity compensation plans not approved by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 525.27 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 510.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 510.27 Td (4,496,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 510.27 Td (11,655,739) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 488.10 Td (Note 6, "Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.78 488.10 Td (," to the consolidated financial statements in Part II, Item8 of this ) Tj ET Q q 0 0 0 rg BT 515.19 488.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (Report on Form 10-K for further information related to the equity incentive plans listed above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (ITEM13. ) Tj ET Q q 0 0 0 rg BT 122.00 446.10 Td (CER) Tj ET Q q 0 0 0 rg BT 142.76 446.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.69 446.10 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 196.57 446.10 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 252.98 446.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 304.18 446.10 Td (TED ) Tj ET Q q 0 0 0 rg BT 327.06 446.10 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 410.97 446.10 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 473.86 446.10 Td (OR ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 434.10 Td (INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 416.10 Td (Information appearing under the captions "Other InformationCertain ) Tj ET Q q 0 0 0 rg BT 372.87 416.10 Td (T) Tj ET Q q 0 0 0 rg BT 378.62 416.10 Td (ransactions," "Election of our Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (Directors" and "Corporate Governance - Director Independence" in the Proxy Statement is incorporated herein by reference.) 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