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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.25 Td (Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance, expectations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (beliefs, hopes, intentions and strategies. ) Tj ET Q q 0 0 0 rg BT 213.95 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 222.59 652.25 Td (ords such as "may) Tj ET Q q 0 0 0 rg BT 294.62 652.25 Td (," "will," "plan," "should," "expect," "anticipate," "believe," "if," ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td ("estimate," "intend," "project" and similar words or expressions are used to identify these forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 527.25 640.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (statements are subject to a number of risks, uncertainties, assumptions and other factors including those identified below) Tj ET Q q 0 0 0 rg BT 531.45 628.25 Td (. ) Tj ET Q q 0 0 0 rg BT 538.40 628.25 Td (All ) Tj ET 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Tj ET Q q 0 0 0 rg BT 323.92 562.25 Td (The risks and uncertainties that could cause actual results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (to dif) Tj ET Q q 0 0 0 rg BT 71.21 550.25 Td (fer from the results predicted or implied by our forward-looking statements include the following \(not necessarily in order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (of importance\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 520.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 520.25 Td (changes in economic and political activity 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 86.00 508.25 Td (including the U.K. withdrawal from the European Union, and the impact of these changes on our businesses, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.25 Td (demand for our products and our ability to obtain financing for operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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 \(including the potential competitive advantage to OEMs with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td ("connected car" technology\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 448.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 448.25 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 68.00 430.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 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 86.00 418.25 Td (repairers;) 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 (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 86.00 388.25 Td (practices relating to the use of our products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 370.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.25 Td (our ability to identify suf) Tj ET Q q 0 0 0 rg BT 185.80 370.25 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 68.00 352.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 352.25 Td (our ability to integrate, realize expected syner) Tj ET Q q 0 0 0 rg BT 268.79 352.25 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 86.00 340.25 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 68.00 322.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.25 Td (the implementation of a border tax or tarif) Tj ET Q q 0 0 0 rg BT 254.37 322.25 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 86.00 310.25 Td (inventory we import;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 292.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 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 86.00 280.25 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 86.00 268.25 Td (validity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 250.25 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 86.00 238.25 Td (vehicles in accidents;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 220.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.25 Td (the increase of accident avoidance systems being installed in vehicles;) 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 (the potential loss of sales of certain mechanical parts due to the rise of electric vehicle sales;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 184.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.25 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 68.00 166.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (changes in laws or regulations af) Tj ET Q q 0 0 0 rg BT 217.17 166.25 Td (fecting our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 148.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.25 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 86.00 136.25 Td (discontinue business relationships with us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td (price increases, interruptions or disruptions to the supply of vehicle parts from aftermarket suppliers and vehicles from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.25 Td (salvage auctions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 88.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 88.25 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 76.25 Td (weather patterns;) 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 (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 46.25 Td (instabilities;) 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 (declines in the values of our assets;) 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 (additional unionization ef) Tj ET Q q 0 0 0 rg BT 188.57 724.10 Td (forts, new collective bar) Tj ET Q q 0 0 0 rg BT 285.01 724.10 Td (gaining agreements, and work stoppages;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 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 68.00 688.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 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 86.00 676.10 Td (on, or malfunctions of, our systems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (costs of complying with laws relating to the security of personal information;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 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 86.00 628.10 Td (indemnify for product liability matters;) 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 (costs associated with recalls of the products we sell;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td (potential losses of our right to operate at key locations if we are not able to negotiate lease renewals;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 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 68.00 556.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td (currency fluctuations in the U.S. dollar) Tj ET Q q 0 0 0 rg BT 241.39 556.10 Td (, pound sterling and euro versus other currencies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (our ability to obtain financing on acceptable terms to finance our growth; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (our ability to satisfy our debt obligations and to operate within the limitations imposed by financing arrangements; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (changes to applicable U.S. and foreign tax laws, changes to interpretations of tax laws, and changes of our mix of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (earnings among the jurisdictions in which we operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 472.10 Td (Other matters set forth in this ) Tj ET Q q 0 0 0 rg BT 205.42 472.10 Td (Annual Report may also cause our actual results to dif) Tj ET Q q 0 0 0 rg BT 422.13 472.10 Td (fer materially from our forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (looking statements, including the risk factors disclosed in Item 1A) Tj ET Q q 0 0 0 rg BT 314.96 460.10 Td ( of this ) Tj ET Q q 0 0 0 rg BT 344.68 460.10 Td (Annual Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.10 Td (Copies of our ) Tj ET Q q 0 0 0 rg BT 142.39 442.10 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 50.00 430.10 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 486.27 430.10 Td (Act of 1934 are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (available free of char) Tj ET Q q 0 0 0 rg BT 134.48 418.10 Td (ge through our website \(www) Tj ET Q q 0 0 0 rg BT 253.25 418.10 Td (.lkqcorp.com\) as soon as reasonably practicable after we electronically file ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.90 Td (the material with, or furnish it to, the Securities and Exchange Commission.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 353.83 404.90 Td ( ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 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 50.00 718.25 Td (OVER) Tj ET Q q 0 0 0 rg BT 78.54 718.25 Td (VIEW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 700.25 Td (LKQ Corporation \("LKQ" or the "Company"\) is a global distributor of vehicle products, including replacement parts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (components, and systems used in the repair and maintenance of vehicles and specialty products and accessories to improve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (performance, functionality and appearance of vehicles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.25 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 50.00 646.25 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 50.00 634.25 Td (are referred to as aftermarket products; recycled products obtained from salvage vehicles; used products that have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (refurbished; and used products that have been remanufactured. Collectively) Tj ET Q q 0 0 0 rg BT 351.74 622.25 Td (, we refer to the four sources that are not new OEM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (products as alternative parts. ) Tj ET Q q 0 0 0 rg BT 166.72 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 175.36 610.25 Td (e distribute a variety of products to collision and mechanical repair shops, including aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (collision and mechanical products; recycled collision and mechanical products; refurbished collision products such as wheels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (bumper covers and lights; and remanufactured engines and transmissions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 568.25 Td (e are a leading provider of alternative vehicle collision replacement products and alternative vehicle mechanical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (replacement products, with our sales, processing, and distribution facilities reaching most major markets in the United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (and Canada. ) Tj ET Q q 0 0 0 rg BT 101.74 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 110.38 544.25 Td (e are also a leading provider of alternative vehicle replacement and maintenance products in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Kingdom, the Benelux region \(Belgium, Netherlands, and Luxembour) Tj ET Q q 0 0 0 rg BT 330.87 532.25 Td (g\), Italy) Tj ET Q q 0 0 0 rg BT 361.88 532.25 Td (, Czech Republic, Switzerland and other Eastern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (European countries. In addition to our wholesale operations, we operate self service retail facilities across the U.S. that sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (recycled automotive products from end-of-life vehicles. ) Tj ET Q q 0 0 0 rg BT 275.57 508.25 Td (W) Tj ET Q q 0 0 0 rg BT 284.20 508.25 Td (e are also a leading distributor of specialty vehicle aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (equipment and 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 50.00 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 478.25 Td (e are or) Tj ET Q q 0 0 0 rg BT 124.43 478.25 Td (ganized into four operating segments: ) Tj ET Q q 0 0 0 rg BT 277.82 478.25 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 353.63 478.25 Td (America, Europe, Specialty) Tj ET Q q 0 0 0 rg BT 463.50 478.25 Td (, and Self Service. ) Tj ET Q q 0 0 0 rg BT 538.85 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 547.48 478.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (aggregate our ) Tj ET Q q 0 0 0 rg BT 107.01 466.25 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 182.82 466.25 Td (America and Self Service operating segments into one reportable segment, North ) Tj ET Q q 0 0 0 rg BT 509.39 466.25 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (resulting in three reportable segments: North ) Tj ET Q q 0 0 0 rg BT 231.06 454.25 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 355.37 454.25 Td (. See Note 14, "Segment and Geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Information" to the consolidated financial statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 360.67 442.25 Td (Annual Report on Form 10-K for financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (information by reportable segment and by geographic region.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (HIST) Tj ET Q q 0 0 0 rg BT 73.72 406.25 Td (OR) Tj ET Q q 0 0 0 rg BT 88.37 406.25 Td (Y) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 388.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 388.25 Td (e were 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 50.00 376.25 Td (located in Florida, Michigan, Ohio and ) Tj ET Q q 0 0 0 rg BT 208.12 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 217.16 376.25 Td (isconsin. ) Tj ET Q q 0 0 0 rg BT 254.76 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 263.39 376.25 Td (e subsequently expanded through internal development and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (260 acquisitions of aftermarket, recycled, refurbished, and remanufactured product suppliers and manufacturers; self service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (retail businesses; and specialty vehicle aftermarket equipment and accessories suppliers. Our most significant acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 322.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.25 Td (2007 acquisition of Keystone ) Tj ET Q q 0 0 0 rg BT 205.43 322.25 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 86.00 310.25 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 86.00 298.25 Td (bumpers, bumper covers and alloy wheels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 280.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 280.25 Td (201) Tj ET Q q 0 0 0 rg BT 100.63 280.25 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 86.00 268.25 Td (company operating in the United Kingdom. ) Tj ET Q q 0 0 0 rg BT 262.73 268.25 Td (This acquisition served as our entrance into the European automotive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.25 Td (aftermarket business, from which we have expanded our European footprint through or) Tj ET Q q 0 0 0 rg BT 434.60 256.25 Td (ganic growth and subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 244.25 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 226.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.25 Td (2013 acquisition of Sator Beheer B.V) Tj ET Q q 0 0 0 rg BT 235.24 226.25 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 86.00 214.25 Td (the Netherlands, with operations in the Netherlands, Belgium and Northern France. ) Tj ET Q q 0 0 0 rg BT 421.28 214.25 Td (This acquisition allowed us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.25 Td (further expand our geographic presence into continental Europe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 184.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.25 Td (2014 acquisition of Keystone ) Tj ET Q q 0 0 0 rg BT 205.43 184.25 Td (Automotive Holdings, Inc. \(Keystone Specialty\), which expanded our product of) Tj ET Q q 0 0 0 rg BT 537.94 184.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.25 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 68.00 154.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (2016 acquisition of Rhiag-Inter ) Tj ET Q q 0 0 0 rg BT 213.75 154.25 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 86.00 142.25 Td (passenger cars and commercial vehicles in Italy) Tj ET Q q 0 0 0 rg BT 276.38 142.25 Td (, Czech Republic, Slovakia, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 477.07 142.25 Td (, Romania, Ukraine, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.25 Td (Bulgaria, Poland and Spain. ) Tj ET Q q 0 0 0 rg BT 200.25 130.25 Td (This acquisition expanded our geographic presence in continental Europe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 112.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.25 Td (On December 1) Tj ET Q q 0 0 0 rg BT 148.93 112.25 Td (1, 2017, we announced that we have signed a definitive agreement to acquire Stahlgruber GmbH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.25 Td (\(Stahlgruber\) from Stahlgruber Otto Gruber ) Tj ET Q q 0 0 0 rg BT 272.33 100.25 Td (AG. Stahlgruber is a leading European wholesale distributor of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 88.25 Td (aftermarket spare parts for passenger cars, tools, capital equipment and accessories with operations in Germany) Tj ET Q q 0 0 0 rg BT 531.30 88.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.25 Td (Austria, Czech Republic, Italy) Tj ET Q q 0 0 0 rg BT 206.70 76.25 Td (, Slovenia, and Croatia with further sales to Switzerland. ) Tj ET Q q 0 0 0 rg BT 435.36 76.25 Td (This acquisition will expand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 64.25 Td (our geographic presence in continental Europe as we continue to expand our Pan-European distribution network. ) Tj ET Q q 0 0 0 rg BT 539.57 64.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 52.25 Td (transaction is expected to be completed in the first half of 2018 and is subject to regulatory approvals. ) 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 86.00 742.10 Td (Further information regarding our recent acquisitions is included in Note 2, "Business Combinations" to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consolidated financial statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 281.33 730.10 Td (Annual Report on Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (STRA) Tj ET Q q 0 0 0 rg BT 75.93 706.10 Td (TEGY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 688.10 Td (Our mission is to be the leading global value-added distributor of vehicle parts and accessories by of) Tj ET Q q 0 0 0 rg BT 487.93 688.10 Td (fering our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (customers the most comprehensive, available and cost-ef) Tj ET Q q 0 0 0 rg BT 277.80 676.10 Td (fective selection of part solutions while building strong partnerships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (with our employees and the communities in which we operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 646.10 Td (e have four primary pillars of a strategy to build economic value: growth through diversified product of) Tj ET Q q 0 0 0 rg BT 508.23 646.10 Td (ferings; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (growth through geographic expansion; adaptation to evolving technology; and rationalization of our asset base to enhance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 622.10 Td (gins and return of capital. ) Tj ET Q q 0 0 0 rg BT 170.15 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 178.79 622.10 Td (e believe our supply network, with a broad inventory of quality alternative collision and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (mechanical repair products and specialty vehicle aftermarket products, high fulfillment rates, and superior customer service, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (provides us with a competitive advantage. ) Tj ET Q q 0 0 0 rg BT 220.61 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 226.02 598.10 Td (o execute our strategy) Tj ET Q q 0 0 0 rg BT 313.38 598.10 Td (, we are focused on a number of key areas, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 580.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 580.10 Td (Extensive in-place network. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.29 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 207.93 580.10 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 86.00 568.10 Td (vehicle parts facilities across our operating segments. ) Tj ET Q q 0 0 0 rg BT 301.49 568.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 351.39 568.10 Td (, our ability to move inventory throughout our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td (distribution networks increases the availability of our products and helps us to fill a relatively high percentage of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (customers) Tj ET Q q 0 0 0 rg BT 129.13 544.10 Td ( requests. In order to expand our distribution network, we will continue to seek to enter new markets and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 Td (improve penetration through both or) Tj ET Q q 0 0 0 rg BT 231.34 532.10 Td (ganic development and acquisitions. ) Tj ET Q q 0 0 0 rg BT 379.18 532.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.82 532.10 Td (e will continue to seek opportunities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (leverage the distribution network by delivering more parts through our existing network in our North ) Tj ET Q q 0 0 0 rg BT 491.75 520.10 Td (America and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 508.10 Td (Specialty operations. ) Tj ET Q q 0 0 0 rg BT 172.19 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 180.82 508.10 Td (e believe our North ) Tj ET Q q 0 0 0 rg BT 260.24 508.10 Td (America segment has the lar) Tj ET Q q 0 0 0 rg BT 373.91 508.10 Td (gest distribution network of alternative vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td (parts and accessories in the U.S. and Canada. In our Europe segment, we are implementing a strategy similar to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td (North ) Tj ET Q q 0 0 0 rg BT 111.28 484.10 Td (America operations by establishing a Pan-European distribution network. ) Tj ET Q q 0 0 0 rg BT 407.42 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 416.05 484.10 Td (e currently have operations in 18 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 472.10 Td (dif) Tj ET Q q 0 0 0 rg BT 96.93 472.10 Td (ferent European countries, which we believe represents the broadest and lar) Tj ET Q q 0 0 0 rg BT 399.12 472.10 Td (gest footprint in the aftermarket industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 460.10 Td (in Europe. On a global basis, we have approximately 1,500 locations as part of our distribution network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 442.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (Acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.94 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.26 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.90 442.10 Td (e have focused on growth through acquisitions both domestically and abroad. ) Tj ET Q q 0 0 0 rg BT 460.87 442.10 Td (The primary objective of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (our acquisitions is to expand our presence to new or adjacent geographic markets and to expand into other product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (lines and businesses that may benefit from our operating strengths, in each case with the aim of increasing the size of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 406.10 Td (our addressable market. ) Tj ET Q q 0 0 0 rg BT 183.56 406.10 Td (When we identify potential acquisitions, we attempt to tar) Tj ET Q q 0 0 0 rg BT 415.26 406.10 Td (get companies with a leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (market presence, an experienced management team and workforce that provide a fit with our existing operations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (strong cash flows. ) Tj ET Q q 0 0 0 rg BT 160.44 382.10 Td (After completing an acquisition, we focus on integrating the company with our existing business to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td (provide additional value to the combined entity through cost savings and syner) Tj ET Q q 0 0 0 rg BT 401.03 370.10 Td (gies, such as logistics cost syner) Tj ET Q q 0 0 0 rg BT 529.72 370.10 Td (gies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (resulting from integration with our existing distribution network, administrative cost savings, shared procurement, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (cross-selling opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 328.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 328.10 Td (Str) Tj ET Q q 0 0 0 rg BT 97.30 328.10 Td (ong business r) Tj ET Q q 0 0 0 rg BT 154.71 328.10 Td (elationships. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.05 328.10 Td (W) Tj ET Q q 0 0 0 rg BT 216.68 328.10 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 86.00 316.10 Td (insurance companies, suppliers and other industry participants in North ) Tj ET Q q 0 0 0 rg BT 373.16 316.10 Td (America and Europe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 298.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (Br) Tj ET Q q 0 0 0 rg BT 95.63 298.10 Td (oad pr) Tj ET Q q 0 0 0 rg BT 121.65 298.10 Td (oduct offering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.03 298.10 Td (The breadth and depth of our inventory across all of our operating segments reinforces our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 Td (ability to provide a one-stop solution for our customers) Tj ET Q q 0 0 0 rg BT 317.98 286.10 Td ( alternative vehicle replacement, maintenance, and specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 Td (vehicle product needs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 256.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 256.10 Td (High fulfillment rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.11 256.10 Td (W) Tj ET Q q 0 0 0 rg BT 185.75 256.10 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 86.00 244.10 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 68.00 226.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.64 226.10 Td (echnology driven business pr) Tj ET Q q 0 0 0 rg BT 207.20 226.10 Td (ocesses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.19 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 250.82 226.10 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 86.00 214.10 Td (advantage. ) Tj ET Q q 0 0 0 rg BT 131.35 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.99 214.10 Td (e believe that we can more cost ef) Tj ET Q q 0 0 0 rg BT 275.58 214.10 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 86.00 202.10 Td (smaller competitors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 184.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 184.10 Td (Adaptation to evolving technology in the automotive industry) Tj ET Q q 0 0 0 rg BT 330.12 184.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.62 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.94 184.10 Td (W) Tj ET Q q 0 0 0 rg BT 343.58 184.10 Td (e are committed to monitoring and adapting our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.10 Td (business to the technological changes in the automotive industry) Tj ET Q q 0 0 0 rg BT 343.08 172.10 Td (. ) Tj ET Q q 0 0 0 rg BT 347.89 172.10 Td (W) Tj ET Q q 0 0 0 rg BT 356.53 172.10 Td (e have recently established a strategy and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 160.10 Td (innovation team that will help us to be more forward-looking and to assess the potential opportunities and risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.10 Td (associated with several areas including, but not limited to, e-commerce, accident avoidance systems, autonomous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.10 Td (vehicles, electric vehicles and ride-sharing trends.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (NOR) Tj ET Q q 0 0 0 rg BT 71.87 112.10 Td (TH ) Tj ET Q q 0 0 0 rg BT 88.27 112.10 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 136.60 112.10 Td ( SEGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (Our North ) Tj ET Q q 0 0 0 rg BT 129.33 94.10 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 82.10 Td (operations, and self service retail operations. ) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Wholesale Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.25 Td (Our wholesale operations in North ) Tj ET Q q 0 0 0 rg BT 226.25 706.25 Td (America sell all five product types \(aftermarket, recycled, remanufactured, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (refurbished and, to a lesser extent, OEM parts\) to professional collision and mechanical automobile repair businesses. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 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 50.00 670.25 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 50.00 658.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 658.25 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 503.63 658.25 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (such as the Certified ) Tj ET Q q 0 0 0 rg BT 133.87 646.25 Td (Automotive Parts ) Tj ET Q q 0 0 0 rg BT 206.09 646.25 Td (Association \(CAP) Tj ET Q q 0 0 0 rg BT 282.11 646.25 Td (A\) and NSF International \(NSF\). CAP) Tj ET Q q 0 0 0 rg BT 448.39 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 455.06 646.25 Td ( and NSF are associations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 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 537.43 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 546.06 634.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (also developed a product line called "V) Tj ET Q q 0 0 0 rg BT 206.25 622.25 Td (alue Line" for more value conscious, often self-pay) Tj ET Q q 0 0 0 rg BT 410.72 622.25 Td (, consumers. Our salvage products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 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 50.00 598.25 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 86.00 580.25 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 50.00 568.25 Td (primarily in the U.S., ) Tj ET Q q 0 0 0 rg BT 137.31 568.25 Td (T) Tj ET Q q 0 0 0 rg BT 142.72 568.25 Td (aiwan, and China. In 2017, 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 50.00 556.25 Td (four vendors, with our lar) Tj ET Q q 0 0 0 rg BT 152.29 556.25 Td (gest vendor providing approximately 16% of our annual inventory purchases. ) Tj ET Q q 0 0 0 rg BT 464.54 556.25 Td (W) Tj ET Q q 0 0 0 rg BT 473.17 556.25 Td (e believe we are one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (of the lar) Tj ET Q q 0 0 0 rg BT 85.91 544.25 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 50.00 532.25 Td (supply of aftermarket products in 2017. ) Tj ET Q q 0 0 0 rg BT 210.62 532.25 Td (W) Tj ET Q q 0 0 0 rg BT 219.25 532.25 Td (e purchased approximately 48% of our aftermarket products in 2017 directly from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (manufacturers in ) Tj ET Q q 0 0 0 rg BT 119.79 520.25 Td (T) Tj ET Q q 0 0 0 rg BT 125.20 520.25 Td (aiwan and other ) Tj ET Q q 0 0 0 rg BT 191.01 520.25 Td (Asian countries. ) Tj ET Q q 0 0 0 rg BT 257.94 520.25 Td (Approximately 49% of our aftermarket products were purchased from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (vendors located in the U.S.; however) Tj ET Q q 0 0 0 rg BT 197.62 508.25 Td (, we believe the majority of these products were manufactured in ) Tj ET Q q 0 0 0 rg BT 459.56 508.25 Td (T) Tj ET Q q 0 0 0 rg BT 464.97 508.25 Td (aiwan, Mexico or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (foreign countries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 478.25 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 50.00 466.25 Td (number of factors such as historical sales records of vehicles by model and year) Tj ET Q q 0 0 0 rg BT 368.66 466.25 Td (, customer requests, projections of future supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (and demand trends. Because lead times may take 40 days or more on imported aftermarket products, sales volumes and in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (stock inventory are important factors in the procurement process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.25 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 50.00 412.25 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 50.00 400.25 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 50.00 388.25 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 50.00 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 370.25 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 50.00 358.25 Td (salvage auctions, and then dismantling and inventorying the parts. ) Tj ET Q q 0 0 0 rg BT 316.70 358.25 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 50.00 346.25 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 50.00 334.25 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 50.00 322.25 Td (proprietary software application that allows them to compare the vehicles at salvage auctions against our current inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (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 86.00 292.25 Td (Our wholesale recycled product locations in North ) Tj ET Q q 0 0 0 rg BT 290.11 292.25 Td (America operate an internally-developed, proprietary enterprise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (management system called LKQX. ) Tj ET Q q 0 0 0 rg BT 192.83 280.25 Td (W) Tj ET Q q 0 0 0 rg BT 201.47 280.25 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 50.00 268.25 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 50.00 256.25 Td (improved training ef) Tj ET Q q 0 0 0 rg BT 132.02 256.25 Td (ficiency) Tj ET Q q 0 0 0 rg BT 163.57 256.25 Td (, employee transferability) Tj ET Q q 0 0 0 rg BT 265.38 256.25 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 50.00 244.25 Td (data storage. ) Tj ET Q q 0 0 0 rg BT 102.85 244.25 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 50.00 232.25 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 50.00 214.25 Td (Scrap and Other Materials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 196.25 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 472.33 196.25 Td (V) Tj ET Q q 0 0 0 rg BT 478.44 196.25 Td (ehicles that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 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 50.00 172.25 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 50.00 160.25 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 50.00 148.25 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 531.41 148.25 Td (W) Tj ET Q q 0 0 0 rg BT 540.04 148.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 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 50.00 118.25 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 100.25 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 88.25 Td (dealerships, as well as to retail customers. ) Tj ET Q q 0 0 0 rg BT 220.05 88.25 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 76.25 Td (although the number of independent and dealer) Tj ET Q q 0 0 0 rg BT 238.62 76.25 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 64.25 Td (or national multiple-location operators have increased their geographic presence through acquisitions. ) 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 86.00 742.10 Td (Automobile insurance companies af) Tj ET Q q 0 0 0 rg BT 229.94 742.10 Td (fect the demand for our collision products; while insurance companies do not pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (for our products directly) Tj ET Q q 0 0 0 rg BT 146.82 730.10 Td (, they ultimately pay for the repair costs of insured vehicles in excess of any deductible amount. ) Tj ET Q q 0 0 0 rg BT 531.99 730.10 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (result, insurance companies often influence the types of products used in a repair) Tj ET Q q 0 0 0 rg BT 372.95 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 377.77 718.10 Td (The use of our products provides a direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (benefit to insurance companies by lowering the cost of repairs, decreasing the time required to return the repaired vehicle to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (customer) Tj ET Q q 0 0 0 rg BT 86.25 694.10 Td (, and providing a 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 86.00 676.10 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 458.76 676.10 Td (fering comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (options from our other product lines if the desired part is not in stock. ) Tj ET Q q 0 0 0 rg BT 330.60 664.10 Td (T) Tj ET Q q 0 0 0 rg BT 336.01 664.10 Td (o support these ef) Tj ET Q q 0 0 0 rg BT 406.65 664.10 Td (forts, we have provided our sales staf) Tj ET Q q 0 0 0 rg BT 555.59 664.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 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 50.00 640.10 Td (cross selling throughout our wholesale operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 622.10 Td (o better serve our customers, we take a consolidated approach for the electronic sale of wholesale products in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 610.10 Td (America segment. ) Tj ET Q q 0 0 0 rg BT 149.98 610.10 Td (A) Tj ET Q q 0 0 0 rg BT 156.65 610.10 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 50.00 598.10 Td (accuracy) Tj ET Q q 0 0 0 rg BT 84.87 598.10 Td (, reduce return rate and better fit our customer workflow) Tj ET Q q 0 0 0 rg BT 309.69 598.10 Td (. Using these services in coordination with our partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 568.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 550.10 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 50.00 538.10 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 50.00 526.10 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 50.00 514.10 Td (throughout their runs. Our local presence allows us to provide daily deliveries as required by our customers, using drivers who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 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 50.00 490.10 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 539.11 490.10 Td (fer as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (a result of our regional inventory network. ) Tj ET Q q 0 0 0 rg BT 221.99 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 230.63 478.10 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 50.00 466.10 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 50.00 454.10 Td (service.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 418.10 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 50.00 406.10 Td (suppliers, recycling businesses, refurbishing operations, parts remanufacturers, OEMs and internet-based suppliers. ) Tj ET Q q 0 0 0 rg BT 513.58 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.22 406.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 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 50.00 382.10 Td (availability) Tj ET Q q 0 0 0 rg BT 94.34 382.10 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 50.00 370.10 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 384.53 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.35 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 397.98 370.10 Td (e do not consider retail chains that focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 275.49 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 277.99 358.10 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 50.00 346.10 Td (companies rather than the end user) Tj ET Q q 0 0 0 rg BT 188.71 346.10 Td (, and there is limited overlap in the products that we sell.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Self Service Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.10 Td (Our self service retail operations, most of which operate under the name LKQ Pick ) Tj ET Q q 0 0 0 rg BT 424.68 307.10 Td (Y) Tj ET Q q 0 0 0 rg BT 430.90 307.10 Td (our Part, allow consumers to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (come directly to the yard to pick parts of) Tj ET Q q 0 0 0 rg BT 212.54 295.10 Td (f of end-of-life vehicles. In addition to revenue from the sale of parts, core, and scrap, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (we char) Tj ET Q q 0 0 0 rg BT 81.19 283.10 Td (ge a nominal admission fee to access the property) Tj ET Q q 0 0 0 rg BT 279.36 283.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 247.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 247.10 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 50.00 235.10 Td (to towing companies, auctions, the general public, municipality sales, insurance carriers, and charitable or) Tj ET Q q 0 0 0 rg BT 473.56 235.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 523.93 235.10 Td (W) Tj ET Q q 0 0 0 rg BT 532.56 235.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 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 50.00 211.10 Td (vehicles are generally older and of lower price 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 50.00 199.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 96.47 199.10 Td (V) Tj ET Q q 0 0 0 rg BT 102.59 199.10 Td (ehicles are delivered to our locations by the seller) Tj ET Q q 0 0 0 rg BT 300.44 199.10 Td (, or we arrange for transportation. Once on our property) Tj ET Q q 0 0 0 rg BT 522.77 199.10 Td (, minimal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (labor is required to process the vehicle other than removing the battery) Tj ET Q q 0 0 0 rg BT 332.31 187.10 Td (, fluids, refrigerants, catalytic converters and hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (materials. ) Tj ET Q q 0 0 0 rg BT 91.47 175.10 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 50.00 163.10 Td (primarily used to power our delivery vehicles. ) Tj ET Q q 0 0 0 rg BT 236.99 163.10 Td (V) Tj ET Q q 0 0 0 rg BT 243.10 163.10 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 50.00 151.10 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 50.00 139.10 Td (may have been previously sold. ) Tj ET Q q 0 0 0 rg BT 178.68 139.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.31 139.10 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 50.00 127.10 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 50.00 109.10 Td (Scrap and Other Materials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 91.10 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 91.10 Td (V) Tj ET Q q 0 0 0 rg BT 493.99 91.10 Td (ehicles that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (no longer make available to the public and "crush only" vehicles acquired from other companies are typically crushed using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (equipment on site. Damaged and unusable wheel cores are melted in our aluminum furnace and sold to consumers of aluminum ) 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 (ingot and sow for the production of various automotive products, including wheels. ) Tj ET Q q 0 0 0 rg BT 385.87 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.51 742.10 Td (e also extract and sell the precious metals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (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 50.00 712.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 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 50.00 682.10 Td (servicing older vehicles, auto rebuilders, and resellers. ) Tj ET Q q 0 0 0 rg BT 269.74 682.10 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 50.00 670.10 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 50.00 652.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 634.10 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 50.00 622.10 Td (there are numerous competitors, often operating in close proximity to our operations. ) Tj ET Q q 0 0 0 rg BT 392.50 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 401.14 622.10 Td (e try to dif) Tj ET Q q 0 0 0 rg BT 442.90 622.10 Td (ferentiate our business by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (quality of the inventory and the size and cleanliness of the property) Tj ET Q q 0 0 0 rg BT 318.43 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 323.25 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 331.89 610.10 Td (e do not consider retail chains that focus on the do-it-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (yourself market to be our direct competitors, as there is limited overlap in the products that we sell.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (EUROPE SEGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 556.10 Td (The Europe segment was built on three key acquisitions: ECP) Tj ET Q q 0 0 0 rg BT 333.08 556.10 Td ( \(201) Tj ET Q q 0 0 0 rg BT 353.54 556.10 Td (1\), Sator \(2013\) and Rhiag \(2016\). Our European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (strategy is to tar) Tj ET Q q 0 0 0 rg BT 113.97 544.10 Td (get platform acquisitions to cover the broad markets initially) Tj ET Q q 0 0 0 rg BT 355.48 544.10 Td (, then integrate these businesses with our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (operations, and subsequently expand our footprint in these regions through new branch openings and smaller tuck-in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (acquisitions with the goal of eventually attaining continent-wide coverage. Our acquisitions provide a platform to capitalize on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (the lar) Tj ET Q q 0 0 0 rg BT 75.08 508.10 Td (ge and fragmented aftermarket mechanical replacement parts market in Europe, and allow for potential cost savings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (the leveraging of our combined purchasing power given the significant overlap in suppliers and product mix. Our pending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (acquisition of Stahlgruber will further enhance our Pan-European platform, including the creation of future opportunities for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (logistics and infrastructure optimization. In 2014, we expanded our European segment to include wholesale recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (operations 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 500.89 460.10 Td (. In addition to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (expanding our geographic presence in Europe, we believe these acquisitions provide us with the opportunity to leverage our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (experience in operating salvage facilities in a new market and to expand our aftermarket operations to include these countries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (In 2016, we acquired an equity investment in Mekonomen ) Tj ET Q q 0 0 0 rg BT 285.50 424.10 Td (AB \("Mekonomen"\), the leading independent car parts and service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (chain in the Nordic region of Europe. Mekonomen is independent of our existing European operations, but we are exploring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (areas where the companies can work together in a mutually beneficial manner) Tj ET Q q 0 0 0 rg BT 361.26 400.10 Td (. ) Tj ET Q q 0 0 0 rg BT 366.08 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 374.72 400.10 Td (e have acquired many smaller businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (within these regions and over time, we anticipate further integration of our European operations as we optimize purchasing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (warehousing, cataloging, logistics and back-of) Tj ET Q q 0 0 0 rg BT 235.88 376.10 Td (fice functions, and align our private label brands across the segment.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.10 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 50.00 328.10 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 50.00 316.10 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 50.00 304.10 Td (sell collision parts in our Europe operations, although these sales represent less than 3% of segment revenue. ) Tj ET Q q 0 0 0 rg BT 487.20 304.10 Td (W) Tj ET Q q 0 0 0 rg BT 495.84 304.10 Td (e believe the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (historically low alternative collision parts usage percentage in Europe provides an opportunity for us in this segment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (particularly as insurance companies look to lower their costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.10 Td (In 2017, our top five suppliers represented 22% of our aftermarket inventory purchases, with our top two suppliers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (each representing approximately 7% of our purchases.No other suppliers comprised more than 5% of our purchases during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 74.82 238.10 Td (The aftermarket products we distribute are purchased from vendors located primarily in the U.K. and continental Europe. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (In 2017, we purchased 92% of our products from companies in Europe. ) Tj ET Q q 0 0 0 rg BT 338.63 226.10 Td (The remaining 8% of our 2017 purchases were sourced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (from vendors located primarily in China or ) Tj ET Q q 0 0 0 rg BT 224.50 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 229.91 214.10 Td (aiwan, some of which also supply collision parts for our ) Tj ET Q q 0 0 0 rg BT 456.63 214.10 Td (Wholesale - North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (America operations. In 2017, 55%, 31%, and 7% of our total inventory purchases were made in Euros, Pounds Sterling, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (U.S. Dollars, respectively) Tj ET Q q 0 0 0 rg BT 152.38 190.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.10 Td (Our aftermarket operations in Europe use various IT) Tj ET Q q 0 0 0 rg BT 295.47 172.10 Td ( systems, some of which are linked to transfer data between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 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 518.30 160.10 Td ( systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (can interface with our repair shop customers' respective IT) Tj ET Q q 0 0 0 rg BT 284.30 148.10 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 50.00 136.10 Td (repair) Tj ET Q q 0 0 0 rg BT 72.76 136.10 Td (. ) Tj ET Q q 0 0 0 rg BT 77.58 136.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.22 136.10 Td (e are evaluating our existing European systems to determine the optimal long-term strategy) Tj ET Q q 0 0 0 rg BT 450.46 136.10 Td (, which we believe will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (include reducing the number of systems we operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (In our Nordic operations, we purchase severely damaged or totaled vehicles from insurance companies, which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (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 76.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 58.10 Td (e primarily operate under a two-step \(i.e. direct sales to customers\) distribution model in Europe, although certain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (our operations, such as Italy and Switzerland, operate under a three-step \(i.e. sales to distributors who in turn sell to customers\) ) 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 (distribution model. In our two-step operations, we sell the majority of our products to commercial customers primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consisting of professional repairers, including both independent mechanical repair shops and collision repair shops. In our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (three-step operations, we sell products to wholesale distributors or jobbers. In addition to our sales to repair shops and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (wholesale distributors, we generate a portion of our revenue through sales to retail customers from ECP) Tj ET Q q 0 0 0 rg BT 467.67 706.10 Td (s e-commerce platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and from counter sales at the branch locations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Distribution) 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 (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 50.00 646.10 Td (hubs, with fast moving product stored at branch locations or at local warehouse distributors \(for some of our Netherlands, Italy) Tj ET Q q 0 0 0 rg BT 556.72 646.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and Czech Republic operations\) 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 50.00 622.10 Td (network on our vans or via common carrier) Tj ET Q q 0 0 0 rg BT 223.00 622.10 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 50.00 610.10 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 86.00 592.10 Td (In the U.K., we expanded our distribution capabilities by building a new national distribution center in ) Tj ET Q q 0 0 0 rg BT 498.23 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 503.64 592.10 Td (amworth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (which was completed in 2017.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Competition) 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 (W) Tj ET Q q 0 0 0 rg BT 94.64 544.10 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 50.00 532.10 Td (OEMs and their dealer networks. ) Tj ET Q q 0 0 0 rg BT 184.78 532.10 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 50.00 520.10 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 50.00 508.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 86.47 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.11 508.10 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 50.00 496.10 Td (distribution network, ef) Tj ET Q q 0 0 0 rg BT 143.97 496.10 Td (ficient stock management systems and proprietary technology which allows us to deliver our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (quickly) Tj ET Q q 0 0 0 rg BT 79.35 484.10 Td (, as well as through our product lines and inventory availability) Tj ET Q q 0 0 0 rg BT 331.69 484.10 Td (, pricing, and service. ) Tj ET Q q 0 0 0 rg BT 420.09 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 428.73 484.10 Td (e compete with OEMs primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (on the basis of price, service and availability) Tj ET Q q 0 0 0 rg BT 227.62 472.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (SPECIAL) Tj ET Q q 0 0 0 rg BT 92.43 448.10 Td (TY) Tj ET Q q 0 0 0 rg BT 105.95 448.10 Td ( SEGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (Our Specialty operating segment was formed in 2014 with our acquisition of Keystone Specialty) Tj ET Q q 0 0 0 rg BT 472.21 430.10 Td (, a leading distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and marketer of specialty vehicle aftermarket products and accessories in North ) Tj ET Q q 0 0 0 rg BT 370.70 418.10 Td (America. Our Specialty operations reach most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (major markets in the U.S. and Canada and serves the following six product segments: truck and of) Tj ET Q q 0 0 0 rg BT 443.06 406.10 Td (f-road; speed and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (performance; R) Tj ET Q q 0 0 0 rg BT 111.67 394.10 Td (V) Tj ET Q q 0 0 0 rg BT 118.15 394.10 Td (; towing; wheels, tires and performance handling; and miscellaneous accessories. In November 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.74 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.38 382.10 Td (arn Industries, Inc. \("W) Tj ET Q q 0 0 0 rg BT 188.91 382.10 Td (arn"\), a leading designer) Tj ET Q q 0 0 0 rg BT 286.44 382.10 Td (, manufacturer and marketer of high performance vehicle equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (and accessories. ) Tj ET Q q 0 0 0 rg BT 116.73 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.37 370.10 Td (e expect the acquisition of ) Tj ET Q q 0 0 0 rg BT 232.65 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 241.29 370.10 Td (arn to expand our presence in the specialty market and create viable points of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (entry into related markets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (The specialty vehicle aftermarket equipment and accessories we distribute and raw materials for products we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (manufacture are purchased from suppliers located primarily in the U.S., Canada, and China. Our top selling products are R) Tj ET Q q 0 0 0 rg BT 540.44 310.10 Td (V) Tj ET Q q 0 0 0 rg BT 547.49 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (appliances & air conditioners, towing hitches, truck bed covers, vehicle protection products, car) Tj ET Q q 0 0 0 rg BT 433.03 298.10 Td (go management products, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (wheels, tires & suspension products. Specialty aftermarket suppliers are typically small to medium-sized, independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (businesses that focus on a narrow product or market niche. Due to the highly fragmented supplier base for specialty vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (aftermarket products, we have limited supplier concentration. In 2017, approximately 26% of our specialty vehicle aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (purchases were made from our top five suppliers, with our lar) Tj ET Q q 0 0 0 rg BT 296.69 250.10 Td (gest vendor providing approximately 10% of our annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (inventory purchases. No other suppliers comprised more than 5% of our purchases during 2017. ) Tj ET Q q 0 0 0 rg BT 436.40 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 445.43 238.10 Td (ith our November 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (acquisition of ) Tj ET Q q 0 0 0 rg BT 107.03 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 115.67 226.10 Td (arn, we have internal manufacturing capabilities to source aftermarket winches, hoists, and bumpers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 208.10 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 50.00 196.10 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 50.00 178.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 160.10 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 50.00 148.10 Td (of R) Tj ET Q q 0 0 0 rg BT 66.70 148.10 Td (V) Tj ET Q q 0 0 0 rg BT 73.74 148.10 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 50.00 136.10 Td (principally small, independent businesses. ) Tj ET Q q 0 0 0 rg BT 220.90 136.10 Td (These customers depend on us to provide a broad range of products, rapid delivery) Tj ET Q q 0 0 0 rg BT 551.26 136.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 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 50.00 112.10 Td (several lar) Tj ET Q q 0 0 0 rg BT 91.18 112.10 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 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 94.10 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 82.10 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 70.10 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 58.10 Td (showcasing of new and innovative products from our vendors to our customers.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 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 482.10 742.10 Td (These sites provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 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 50.00 706.10 Td (availability and ordering the product on the site. ) Tj ET Q q 0 0 0 rg BT 244.12 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 294.02 706.10 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 50.00 694.10 Td (to purchase based on an inquiry submitted by the customer) Tj ET Q q 0 0 0 rg BT 284.67 694.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Distribution) 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 (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 50.00 646.10 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 50.00 634.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 634.10 Td (America wholesale operations and provide distribution points to key regional markets and syner) Tj ET Q q 0 0 0 rg BT 459.44 634.10 Td (gies with our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 108.68 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 117.32 622.10 Td (e believe this provides added value to our customers through a broader product of) Tj ET Q q 0 0 0 rg BT 443.98 622.10 Td (fering and more ef) Tj ET Q q 0 0 0 rg BT 517.93 622.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (distribution process. ) Tj ET Q q 0 0 0 rg BT 133.42 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.06 610.10 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 50.00 598.10 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 50.00 586.10 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 50.00 574.10 Td (delivery vehicles throughout their runs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 538.10 Td (Industry participants have a variety of supply choices. ) Tj ET Q q 0 0 0 rg BT 304.36 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 310.48 538.10 Td (endors can deliver products to market via warehouse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (distributors and mail order catalog businesses, or directly to retailers and/or consumers. ) Tj ET Q q 0 0 0 rg BT 401.95 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 410.59 526.10 Td (e view all suppliers of specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (vehicle aftermarket equipment and accessories as our competitors. ) Tj ET Q q 0 0 0 rg BT 317.77 514.10 Td (While we compete with all specialty vehicle aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (parts suppliers, there are few with national distribution networks like LKQ) Tj ET Q q 0 0 0 rg BT 351.32 502.10 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 50.00 490.10 Td (optimum delivery time. ) Tj ET Q q 0 0 0 rg BT 146.47 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 155.11 490.10 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 50.00 478.10 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 50.00 466.10 Td (products, our distribution network, and ef) Tj ET Q q 0 0 0 rg BT 216.18 466.10 Td (ficient inventory management systems, as well as through our service. ) Tj ET Q q 0 0 0 rg BT 499.25 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.89 466.10 Td (e compete on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (the basis of product breadth and depth, rapid and dependable delivery) Tj ET Q q 0 0 0 rg BT 327.87 454.10 Td (, marketing initiatives, support services, and price. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (INTELLECTUAL) Tj ET Q q 0 0 0 rg BT 128.92 430.10 Td ( PROPER) Tj ET Q q 0 0 0 rg BT 172.17 430.10 Td (TY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 412.10 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 50.00 400.10 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 50.00 388.10 Td (license agreements. ) Tj ET Q q 0 0 0 rg BT 130.62 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.25 388.10 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 50.00 376.10 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 50.00 364.10 Td (intellectual property license agreement materially af) Tj ET Q q 0 0 0 rg BT 258.33 364.10 Td (fect our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (EMPLOYEES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.10 Td (As of December31, 2017, we employed approximately 43,000 persons, of which approximately 22,000 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (employed in North ) Tj ET Q q 0 0 0 rg BT 127.49 310.10 Td (America and approximately 21,000 were employed outside of North ) Tj ET Q q 0 0 0 rg BT 402.97 310.10 Td (America. Of our employees in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (America, approximately 1,200 were represented by unions. Outside of North ) Tj ET Q q 0 0 0 rg BT 359.08 298.10 Td (America, we have government-mandated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (collective bar) Tj ET Q q 0 0 0 rg BT 103.96 286.10 Td (gaining agreements and union contracts in certain countries, particularly in Europe where many of our employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (are represented by unions and/or works councils. ) Tj ET Q q 0 0 0 rg BT 248.10 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.73 274.10 Td (e consider our employee relations to be good.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (F) Tj ET Q q 0 0 0 rg BT 55.37 250.10 Td (ACILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.10 Td (As of December 31, 2017, our operations included approximately 1,500 facilities, most of which are leased. Of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (total facilities, approximately 550 facilities were located in the U.S. and approximately 950 facilities were located in 24 other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (countries. 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 86.00 190.10 Td (Our corporate headquarters are located at 500 ) Tj ET Q q 0 0 0 rg BT 271.00 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 279.64 190.10 Td (est Madison Street, Chicago, Illinois 60661. ) Tj ET Q q 0 0 0 rg BT 458.06 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 466.69 190.10 Td (e operate a field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (support center in Nashville, ) Tj ET Q q 0 0 0 rg BT 162.85 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 168.26 178.10 Td (ennessee that performs certain centralized functions for our North ) Tj ET Q q 0 0 0 rg BT 433.43 178.10 Td (American operations, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 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 50.00 142.10 Td (procurement, accounting and finance functions in Exeter) Tj ET Q q 0 0 0 rg BT 276.46 142.10 Td (, Pennsylvania. Certain back-of) Tj ET Q q 0 0 0 rg BT 402.07 142.10 Td (fice support functions for our segments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 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 50.00 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 118.10 Td (embley) Tj ET Q q 0 0 0 rg BT 87.42 118.10 Td (, outside of London, England and ) Tj ET Q q 0 0 0 rg BT 223.33 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 228.74 118.10 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 50.00 106.10 Td (Czech Republic. In addition to these of) Tj ET Q q 0 0 0 rg BT 206.17 106.10 Td (fices, we have two national distribution centers in ) Tj ET Q q 0 0 0 rg BT 407.32 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 412.73 106.10 Td (amworth totaling 1 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (500,000 square feet, which house inventory to supply the hubs and branches of our U.K. operations. ) Tj ET Q q 0 0 0 rg BT 452.42 94.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 502.32 94.10 Td (, we operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (an aftermarket parts warehouse in ) Tj ET Q q 0 0 0 rg BT 187.81 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.22 82.10 Td (aiwan to aggregate inventory for shipment to our locations in North ) Tj ET Q q 0 0 0 rg BT 465.66 82.10 Td (America.) 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 /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (REGULA) Tj ET Q q 0 0 0 rg BT 96.25 741.60 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 722.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 722.40 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 50.00 710.40 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 337.99 710.40 Td (e are subject to environmental regulations and incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.40 Td (costs relating to environmental matters in Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 282.16 698.40 Td ( of this ) Tj ET Q q 0 0 0 rg BT 311.89 698.40 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 50.00 686.40 Td (regarding the ef) Tj ET Q q 0 0 0 rg BT 113.12 686.40 Td (fects of environmental laws and regulations on us.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 661.20 Td (SEASONALITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 643.20 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 50.00 631.20 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 50.00 619.20 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 50.00 607.20 Td (in the first half of the year) Tj ET Q q 0 0 0 rg BT 154.00 607.20 Td (, when vehicle owners tend to install this equipment. Our aftermarket glass operations typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.20 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 50.00 583.20 Td (the winter weather) Tj ET Q q 0 0 0 rg BT 123.86 583.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 553.15 Td (ITEM1A. ) Tj ET Q q 0 0 0 rg BT 121.50 553.15 Td (RISK F) Tj ET Q q 0 0 0 rg BT 153.82 553.15 Td (ACT) Tj ET Q q 0 0 0 rg BT 174.75 553.15 Td (ORS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 535.15 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 436.56 535.15 Td (fected by the economic and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 523.15 Td (political conditions in the U.S. and elsewhere.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 505.15 Td (Changes in economic and political conditions in the U.S., Europe and other countries in which we are located or do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.15 Td (business could have a material ef) Tj ET Q q 0 0 0 rg BT 181.77 493.15 Td (fect on our company) Tj ET Q q 0 0 0 rg BT 263.59 493.15 Td (. Changes in such conditions have, in some periods, resulted in fewer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.15 Td (miles driven, fewer accident claims, and a reduction of vehicle repairs, all of which could negatively af) Tj ET Q q 0 0 0 rg BT 461.65 481.15 Td (fect our business. ) Tj ET Q q 0 0 0 rg BT 533.68 481.15 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.15 Td (number and types of new vehicles produced and sold by manufacturers af) Tj ET Q q 0 0 0 rg BT 343.94 469.15 Td (fects our business. ) Tj ET Q q 0 0 0 rg BT 419.49 469.15 Td (A) Tj ET Q q 0 0 0 rg BT 426.16 469.15 Td ( decrease in the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.15 Td (vehicles on the road results in a decrease in repairs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 437.15 Td (Our sales are also impacted by changes tothe economic health ofvehicle owners.) Tj ET Q q 0 0 0 rg BT 414.37 437.15 Td (The economic health of vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.15 Td (ownersis af) Tj ET Q q 0 0 0 rg BT 97.64 425.15 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 49.50 413.15 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 49.50 401.15 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 49.50 389.15 Td (business, results of operations, financial condition and cash flows could be adversely af) Tj ET Q q 0 0 0 rg BT 399.23 389.15 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 371.15 Td (In addition, economic conditions, including decreased access to credit, may result in financial dif) Tj ET Q q 0 0 0 rg BT 473.53 371.15 Td (ficulties leading to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.15 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 49.50 347.15 Td (providers and financial institutions that are counterparties to our credit facilities and hedge transactions.) Tj ET Q q 0 0 0 rg BT 466.68 347.15 Td (These unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.15 Td (events af) Tj ET Q q 0 0 0 rg BT 85.13 335.15 Td (fecting our business partners could have an adverse ef) Tj ET Q q 0 0 0 rg BT 300.98 335.15 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 49.50 323.15 Td (and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 305.15 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 305.15 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 49.50 293.15 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 448.94 293.15 Td (The precise timing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.15 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 49.50 269.15 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 481.38 269.15 Td (fects on our sterling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.15 Td (denominated earnings. ) Tj ET Q q 0 0 0 rg BT 141.98 257.15 Td (As the details of the United Kingdom) Tj ET Q q 0 0 0 rg BT 294.73 257.15 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 49.50 245.15 Td (implemented, our European businesses could be adversely af) Tj ET Q q 0 0 0 rg BT 293.13 245.15 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 49.50 233.15 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 49.50 221.15 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 49.50 203.15 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 203.15 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 49.50 191.15 Td (competition could negatively af) Tj ET Q q 0 0 0 rg BT 177.91 191.15 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 173.15 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 49.50 161.15 Td (recycled, aftermarket, refurbished and remanufactured products. ) Tj ET Q q 0 0 0 rg BT 308.91 161.15 Td (W) Tj ET Q q 0 0 0 rg BT 317.95 161.15 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 49.50 149.15 Td (owner) Tj ET Q q 0 0 0 rg BT 74.29 149.15 Td (-operated companies, lar) Tj ET Q q 0 0 0 rg BT 172.67 149.15 Td (ger regional suppliers, national and international providers, and internet-based suppliers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.15 Td (distributors. Providers of vehicle replacement products that have traditionally sold only certain categories of such products may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.15 Td (decide to expand their product of) Tj ET Q q 0 0 0 rg BT 181.77 125.15 Td (ferings into other categories of vehicle replacement products, which may further increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.15 Td (competition. Some of our current and potential competitors may have more operational expertise; greater financial, technical, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.15 Td (manufacturing, distribution, and other resources; longer operating histories; lower cost structures; and better relationships in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.15 Td (insurance and vehicle repair industries or with consumers, than we do.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 71.15 Td (In certain regions of the U.S., local vehicle recycling companies have formed cooperative ef) Tj ET Q q 0 0 0 rg BT 457.05 71.15 Td (forts to compete in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.15 Td (wholesale recycled products industry) Tj ET Q q 0 0 0 rg BT 197.42 59.15 Td (. Similarly) Tj ET Q q 0 0 0 rg BT 238.99 59.15 Td (, in Europe, some local companies are part of cooperative ef) Tj ET Q q 0 0 0 rg BT 479.26 59.15 Td (forts to compete in ) 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 (the aftermarket parts industry) Tj ET Q q 0 0 0 rg BT 166.86 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.31 742.10 Td (As a result of these factors, our competitors may be able to provide products that we are unable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (to supply) Tj ET Q q 0 0 0 rg BT 85.80 730.10 Td (, provide their products at lower costs, or supply products to customers that we are unable to serve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 712.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 712.10 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 49.50 700.10 Td (by distributors of alternative aftermarket, recycled, refurbished and remanufactured collision parts like us. ) Tj ET Q q 0 0 0 rg BT 475.83 700.10 Td (The OEMsare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (therefore able to exert pricing pressure in the marketplace. ) Tj ET Q q 0 0 0 rg BT 285.32 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.96 688.10 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 49.50 676.10 Td (on service and quality) Tj ET Q q 0 0 0 rg BT 136.88 676.10 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 49.50 664.10 Td (collision repair parts industry) Tj ET Q q 0 0 0 rg BT 166.33 664.10 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 49.50 652.10 Td (alternative products and introduced other rebate programs that may disrupt our sales. ) Tj ET Q q 0 0 0 rg BT 391.16 652.10 Td (The growth of these programs or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (introduction of new ones could have a material adverse impact on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 622.10 Td (In addition, vehicles are being equipped with systems that transmit data to the OEMs wirelessly regarding, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (other items, accident incidents, maintenance requirements, location of the vehicle, identification of the closest dealership, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (other statistics about the vehicle and its driving history) Tj ET Q q 0 0 0 rg BT 267.70 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 272.52 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 277.93 598.10 Td (o the extent that this data is not shared with alternative suppliers, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (OEMs will have an advantage with respect to such matters as contacting the vehicle driver) Tj ET Q q 0 0 0 rg BT 411.20 586.10 Td (, recommending repairs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (maintenance, and directing the vehicle owner to an af) Tj ET Q q 0 0 0 rg BT 263.39 574.10 Td (filiated dealership.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 556.10 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 91.50 538.10 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 49.50 526.10 Td (insurance companies. ) Tj ET Q q 0 0 0 rg BT 137.90 526.10 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 49.50 514.10 Td (in the future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.14 496.10 Td (e also rely on business relationships with insurance companies.) Tj ET Q q 0 0 0 rg BT 354.90 496.10 Td (These insurance companies encourage vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (repair facilities to use products we provide. ) Tj ET Q q 0 0 0 rg BT 224.82 484.10 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 49.50 472.10 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 49.50 460.10 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 49.50 448.10 Td (own business concerns relating to the of) Tj ET Q q 0 0 0 rg BT 209.84 448.10 Td (fering, availability) Tj ET Q q 0 0 0 rg BT 283.05 448.10 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 49.50 436.10 Td (assurance programs. ) Tj ET Q q 0 0 0 rg BT 133.46 436.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.09 436.10 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 49.50 424.10 Td (relationships may result in a loss of sales, which could adversely af) Tj ET Q q 0 0 0 rg BT 318.14 424.10 Td (fect our results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 406.10 Td (In an Illinois lawsuit involving State Farm Mutual ) Tj ET Q q 0 0 0 rg BT 291.26 406.10 Td (Automobile Insurance Company \("A) Tj ET Q q 0 0 0 rg BT 438.18 406.10 Td (very v) Tj ET Q q 0 0 0 rg BT 462.80 406.10 Td (. State Farm"\), a jury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 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 49.50 382.10 Td (replacement products to repair damaged vehicles when use of such products did not restore the vehicle to its "pre-loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (condition." ) Tj ET Q q 0 0 0 rg BT 96.17 370.10 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 49.50 358.10 Td (and the alleged inferiority of those products. ) Tj ET Q q 0 0 0 rg BT 229.27 358.10 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 49.50 346.10 Td (assessed an additional $730million of disgor) Tj ET Q q 0 0 0 rg BT 229.85 346.10 Td (gement and punitive damages for violations of the Illinois Consumer Fraud ) Tj ET Q q 0 0 0 rg BT 532.85 346.10 Td (Act. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (April 2001, the Illinois ) Tj ET Q q 0 0 0 rg BT 143.11 334.10 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 49.50 322.10 Td (duplicative damage awards. On ) Tj ET Q q 0 0 0 rg BT 177.51 322.10 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 49.50 310.10 Td (found, among other things, that the plaintif) Tj ET Q q 0 0 0 rg BT 220.96 310.10 Td (fs had failed to establish any breach of contract by State Farm. ) Tj ET Q q 0 0 0 rg BT 473.19 310.10 Td (The U.S. Supreme ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (Court declined to hear an appeal of this case. ) Tj ET Q q 0 0 0 rg BT 231.10 298.10 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 49.50 286.10 Td (of aftermarket products. Our financial results could be adversely af) Tj ET Q q 0 0 0 rg BT 317.55 286.10 Td (fected if insurance companies modified or terminated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 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 91.50 256.10 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 49.50 244.10 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 49.50 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 226.10 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 49.50 214.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.10 214.10 Td (fer) Tj ET Q q 0 0 0 rg BT 73.21 214.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 196.10 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 49.50 184.10 Td (acceptable terms, if we do not obtain required antitrust or other regulatory approvals, or for other reasons. Moreover) Tj ET Q q 0 0 0 rg BT 513.94 184.10 Td (, we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (not be able to identify a suf) Tj ET Q q 0 0 0 rg BT 158.73 172.10 Td (ficient number of 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 49.50 160.10 Td (Also, over time, we will likely seek to make acquisitions that are relatively lar) Tj ET Q q 0 0 0 rg BT 361.73 160.10 Td (ger) Tj ET Q q 0 0 0 rg BT 373.94 160.10 Td (. Lar) Tj ET Q q 0 0 0 rg BT 392.64 160.10 Td (ger acquisition candidates may attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (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 85.50 130.10 Td (If we buy a company or a division of a company) Tj ET Q q 0 0 0 rg BT 278.68 130.10 Td (, we may experience dif) Tj ET Q q 0 0 0 rg BT 374.29 130.10 Td (ficulty integrating that company's or division's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (personnel and operations, which could negatively af) Tj ET Q q 0 0 0 rg BT 257.86 118.10 Td (fect our operating results. In addition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 100.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 100.10 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 82.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 82.10 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 64.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 64.10 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 46.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 46.10 Td (we may experience business disruptions as a result of information technology systems conversions;) 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 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 (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 85.50 730.10 Td (treasury management, and financial reporting;) 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 (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 85.50 700.10 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 67.50 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 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 540.72 682.10 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td (on our business;) 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 (our existing business may be disrupted or receive insuf) Tj ET Q q 0 0 0 rg BT 305.27 652.10 Td (ficient management attention;) 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 (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 85.50 622.10 Td (time frame that we expect; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 604.10 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 85.50 592.10 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 49.50 574.10 Td (Claims by OEMs relating to aftermarket products could adversely af) Tj ET Q q 0 0 0 rg BT 330.14 574.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 556.10 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 49.50 544.10 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 49.50 532.10 Td (subject of the claims. ) Tj ET Q q 0 0 0 rg BT 136.79 532.10 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 477.08 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 482.83 532.10 Td (rade Commission.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.91 514.10 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 49.50 502.10 Td (past and are successful in asserting infringement of these patents and defending their validity) Tj ET Q q 0 0 0 rg BT 420.68 502.10 Td (, we could be restricted or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (prohibited from selling certain aftermarket products, which could have an adverse ef) Tj ET Q q 0 0 0 rg BT 387.52 490.10 Td (fect on our business. ) Tj ET Q q 0 0 0 rg BT 472.05 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 480.69 490.10 Td (e will likely incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 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 49.50 466.10 Td (certifying or) Tj ET Q q 0 0 0 rg BT 99.02 466.10 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 49.50 454.10 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 49.50 442.10 Td (they have been certified by an independent certifying or) Tj ET Q q 0 0 0 rg BT 273.11 442.10 Td (ganization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 424.10 Td (In December 2005 and May 2008, Ford Global ) Tj ET Q q 0 0 0 rg BT 282.11 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 287.52 424.10 Td (echnologies, LLC filed complaints with the International ) Tj ET Q q 0 0 0 rg BT 517.28 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 523.04 424.10 Td (rade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 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 49.50 400.10 Td (patents. ) Tj ET Q q 0 0 0 rg BT 82.64 400.10 Td (The parties settled these matters in ) Tj ET Q q 0 0 0 rg BT 223.16 400.10 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 49.50 388.10 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 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 494.18 376.10 Td (The parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 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 49.50 352.10 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 49.50 340.10 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 49.50 328.10 Td (that replicate parts covered by design patents.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (If the number of vehicles involved in accidents declines or the number of cars being repaired declines, or the mix of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (types of vehicles in the overall vehicle population changes, our business could suf) Tj ET Q q 0 0 0 rg BT 385.15 298.10 Td (fer) Tj ET Q q 0 0 0 rg BT 396.26 298.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 280.10 Td (Our business depends on vehicle accidents, mechanical failures and routine maintenance for both the demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (repairs using our products and the supply of recycled, remanufactured and refurbished parts. ) Tj ET Q q 0 0 0 rg BT 421.14 268.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.55 268.10 Td (o the extent that a relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (higher percentage of damaged vehicles are declared total losses, there will be less demand for our products to repair such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (vehicles. In addition, our business is impacted by factors which influence the number and/or severity of accidents and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (mechanical failures including, but not limited to, the number of vehicles on the road, the number of miles driven, the ages of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (drivers, the occurrence and severity of certain weather conditions, the congestion of traf) Tj ET Q q 0 0 0 rg BT 400.84 220.10 Td (fic, drivers distracted by electronic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (equipment, the use of alcohol or drugs by drivers, the usage rate and ef) Tj ET Q q 0 0 0 rg BT 332.84 208.10 Td (fectiveness of accident avoidance systems in new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (vehicles, the reliability of new OEM parts, and the condition of roadways. For example, an increase in the acceptance of ride-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (sharing could reduce the number of vehicles on the road. ) Tj ET Q q 0 0 0 rg BT 278.59 184.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 328.49 184.10 Td (, an increase in fuel prices may cause the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (vehicles on the road, the number of miles driven, and the need for mechanical repairs and maintenance to decline, as motorists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (seek alternative transportation options. Mild weather conditions, particularly during winter months, tend to result in a decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (in vehicle accidents. Moreover) Tj ET Q q 0 0 0 rg BT 172.38 148.10 Td (, a number of states and municipalities have adopted, or are considering adopting, legislation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (banning the use of handheld cellular telephones or other electronic devices while driving, and such restrictions could lead to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (decline in accidents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 106.10 Td (Systems designed to minimize accident frequency and severity are becoming more prevalent and more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (technologically sophisticated. ) Tj ET Q q 0 0 0 rg BT 170.68 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 176.09 94.10 Td (o the extent OEMs install or are mandated by law to install accident avoidance systems in their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (vehicles, the number and severity of accidents could decrease, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 456.64 82.10 Td (fect on our business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 64.10 Td (The average number of new vehicles sold annually has fluctuated from year) Tj ET Q q 0 0 0 rg BT 394.79 64.10 Td (-to-year) Tj ET Q q 0 0 0 rg BT 425.88 64.10 Td (. Periods of decreased sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (could result in a reduction in the number of vehicles on the road and consequently fewer vehicles involved in accidents or in ) 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 49.50 742.10 Td (need of mechanical repair or maintenance. Substantial further declines in automotive sales in the future could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 730.10 Td (fect on our business, results of operations and/or financial condition. In addition, if vehicle population trends result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (a 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 49.50 706.10 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 49.50 694.10 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 535.29 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (longer) Tj ET Q q 0 0 0 rg BT 74.85 682.10 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 49.50 670.10 Td (vehicle's life. Moreover) Tj ET Q q 0 0 0 rg BT 143.92 670.10 Td (, alternative collision and mechanical parts are less likely to be used on newer vehicles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 652.10 Td (Electric vehicles do not have traditional engines, transmissions, and certain related parts. Engines and transmissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (represent our lar) Tj ET Q q 0 0 0 rg BT 114.84 640.10 Td (gest revenue generating SKUs in North ) Tj ET Q q 0 0 0 rg BT 274.25 640.10 Td (America, and parts for engines and transmissions represent a significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (amount of the revenue of our European operations. ) Tj ET Q q 0 0 0 rg BT 255.64 628.10 Td (Thus, an increase in electric vehicles as a percentage of vehicles sold will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (have a negative impact on our sales of engines, transmissions, and other related parts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (Fluctuations in the prices of metals and other commodities could adversely af) Tj ET Q q 0 0 0 rg BT 368.48 598.10 Td (fect our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 580.10 Td (Our recycling operations generate scrap metal and other metals that we sell.) Tj ET Q q 0 0 0 rg BT 393.66 580.10 Td (After we dismantle a salvage vehicle for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 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 49.50 556.10 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 49.50 544.10 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 530.84 544.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (prices of scrap and other metals have historically fluctuated, sometimes significantly) Tj ET Q q 0 0 0 rg BT 387.36 532.10 Td (, due to market factors.In addition, buyers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (may stop purchasing metals entirely due to excess supply) Tj ET Q q 0 0 0 rg BT 278.25 520.10 Td (.) Tj ET Q q 0 0 0 rg BT 283.06 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 288.47 520.10 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 49.50 508.10 Td (stop purchasing metals, our revenue from such sales will suf) Tj ET Q q 0 0 0 rg BT 290.93 508.10 Td (fer and a write-down of our inventory value could be required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 490.10 Td (The cost of our wholesale recycled and our self service retail inventory purchases will change as a result of fluctuating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (scrap metal and other metals prices. In a period of falling metal prices, there can be no assurance that our inventory purchasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (cost will decrease the same amount or at the same rate as the scrap metal and other metals prices decline, and there may be a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (delay between the scrap metal and other metals price reductions and any inventory cost reductions. ) Tj ET Q q 0 0 0 rg BT 447.51 454.10 Td (The prices of steel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (aluminum, and plastics are components of the cost to manufacture products for our aftermarket business. If the prices of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (commodities rise and result in higher costs to us for products we sell, we may not be able to pass these higher costs on to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 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 49.50 388.10 Td (remanufactured products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 370.10 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 516.83 370.10 Td (These laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (include requirements relating to consumer disclosure, vehicle owner) Tj ET Q q 0 0 0 rg BT 323.11 358.10 Td () Tj ET Q q 0 0 0 rg BT 325.89 358.10 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 49.50 346.10 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 458.88 346.10 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 507.48 346.10 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 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 49.50 322.10 Td (products are passed, it could have an adverse impact on our aftermarket products business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 304.10 Td (Certain or) Tj ET Q q 0 0 0 rg BT 125.58 304.10 Td (ganizations test the quality and safety of vehicle replacement products. If these or) Tj ET Q q 0 0 0 rg BT 451.67 304.10 Td (ganizations decide not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (test a particular vehicle product, or in the event that such or) Tj ET Q q 0 0 0 rg BT 287.01 292.10 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 49.50 280.10 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 49.50 268.10 Td (to discontinue authorization of repairs using such product. Such events could adversely af) Tj ET Q q 0 0 0 rg BT 408.39 268.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 250.10 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 49.50 238.10 Td (provide, such as airbags. ) Tj ET Q q 0 0 0 rg BT 150.40 238.10 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 49.50 226.10 Td (additional recycled products. ) Tj ET Q q 0 0 0 rg BT 167.61 226.10 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 49.50 214.10 Td (could have a material adverse impact on our business. ) Tj ET Q q 0 0 0 rg BT 269.71 214.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 319.61 214.10 Td (, Congress could enact federal legislation restricting the use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 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 88.50 184.10 Td (The Federal ) Tj ET Q q 0 0 0 rg BT 138.85 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.61 184.10 Td (rade Commission 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 49.50 172.10 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 49.50 160.10 Td (marketing of such products could decrease our revenue and have an adverse ef) Tj ET Q q 0 0 0 rg BT 363.63 160.10 Td (fect on our business and operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 142.10 Td (In 1992, Congress enacted the ) Tj ET Q q 0 0 0 rg BT 211.25 142.10 Td (Anti-Car ) Tj ET Q q 0 0 0 rg BT 249.12 142.10 Td (Theft ) Tj ET Q q 0 0 0 rg BT 272.72 142.10 Td (Act to deter traf) Tj ET Q q 0 0 0 rg BT 336.12 142.10 Td (ficking in stolen vehicles. ) Tj ET Q q 0 0 0 rg BT 441.19 142.10 Td (The purpose of the law is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 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 49.50 118.10 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 49.50 106.10 Td (numbers. ) Tj ET Q q 0 0 0 rg BT 88.76 106.10 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 94.10 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 82.10 Td ("covered major part." ) Tj ET Q q 0 0 0 rg BT 138.00 82.10 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 70.10 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 70.10 Td (, if this system ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 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 46.10 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 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 (such shops of recycled products. ) Tj ET Q q 0 0 0 rg BT 182.06 742.10 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 49.50 730.10 Td (of view) Tj ET Q q 0 0 0 rg BT 79.12 730.10 Td (. However) Tj ET Q q 0 0 0 rg BT 120.37 730.10 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 499.49 730.10 Td (fort to push for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (the implementation of such rules.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (An adverse change in our relationships with our suppliers or a disruption to our supply of inventory could increase our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (expenses and impede our ability to serve our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 670.10 Td (Our North ) Tj ET Q q 0 0 0 rg BT 134.83 670.10 Td (American business is dependent on a relatively small number of suppliers of aftermarket products, a lar) Tj ET Q q 0 0 0 rg BT 548.41 670.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (portion of which are sourced from ) Tj ET Q q 0 0 0 rg BT 188.72 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 194.13 658.10 Td (aiwan. Our European business also acquires product from ) Tj ET Q q 0 0 0 rg BT 427.12 658.10 Td (Asian sources. ) Tj ET Q q 0 0 0 rg BT 487.76 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 496.40 658.10 Td (e incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (substantial freight costs to import parts from our suppliers, many of which are located in ) Tj ET Q q 0 0 0 rg BT 404.98 646.10 Td (Asia. If the cost of freight rose, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (might not be able to pass the cost increases on to our customers. Furthermore, although alternative suppliers exist for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (substantially all aftermarket products distributed by us, the loss of any one supplier could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 513.35 622.10 Td (fect on us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (until alternative suppliers are located and have commenced providing products. In addition, we are subject to disruptions from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (work stoppages and other labor disputes at port facilities through which we import our inventory) Tj ET Q q 0 0 0 rg BT 435.43 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 440.25 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 448.89 598.10 Td (e also have the risk that our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (suppliers could attempt to circumvent us and sell their product directly to our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 568.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 124.53 568.10 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 49.50 556.10 Td (natural disasters, transportation costs and delays, political instability) Tj ET Q q 0 0 0 rg BT 321.85 556.10 Td (, currency fluctuations and the imposition of tarif) Tj ET Q q 0 0 0 rg BT 518.28 556.10 Td (fs, import ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (and export controls and other non-tarif) Tj ET Q q 0 0 0 rg BT 203.99 544.10 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 49.50 532.10 Td (regarding future relations between China, Japan and ) Tj ET Q q 0 0 0 rg BT 260.35 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 265.76 532.10 Td (aiwan. ) Tj ET Q q 0 0 0 rg BT 294.46 532.10 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 49.50 520.10 Td (of a tarif) Tj ET Q q 0 0 0 rg BT 83.74 520.10 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 49.50 508.10 Td (amount of inventory we import.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 490.10 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 49.50 478.10 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 49.50 466.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 94.50 466.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 144.40 466.10 Td (, as OEMs convert to raw materials other than steel, it may be more dif) Tj ET Q q 0 0 0 rg BT 428.02 466.10 Td (ficult or expensive to source ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (aftermarket parts made with such materials and it may be more dif) Tj ET Q q 0 0 0 rg BT 315.06 454.10 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 49.50 442.10 Td (repair process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 424.10 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 455.67 424.10 Td (fered at salvage auctions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 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 434.21 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.85 412.10 Td (e do not typically have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (contracts with the auction companies. ) Tj ET Q q 0 0 0 rg BT 202.23 400.10 Td (According to industry analysts, a small number of companies control a lar) Tj ET Q q 0 0 0 rg BT 498.09 400.10 Td (ge percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 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 49.50 376.10 Td (competing with us, or significantly raised its fees, our business could be adversely af) Tj ET Q q 0 0 0 rg BT 388.41 376.10 Td (fected through higher costs or the resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (potential inability to service our customers. Moreover) Tj ET Q q 0 0 0 rg BT 264.32 364.10 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 49.50 352.10 Td (rebuilders, exporters and other bidders. ) Tj ET Q q 0 0 0 rg BT 208.44 352.10 Td (T) Tj ET Q q 0 0 0 rg BT 213.85 352.10 Td (o the extent that the number of bidders increases, it may have the ef) Tj ET Q q 0 0 0 rg BT 484.12 352.10 Td (fect of increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 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 49.50 328.10 Td (purchased for legal purposes by qualified buyers. ) Tj ET Q q 0 0 0 rg BT 248.33 328.10 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 49.50 316.10 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 91.50 298.10 Td (In addition, there is a limited supply of salvage vehicles in the U.S. ) Tj ET Q q 0 0 0 rg BT 362.00 298.10 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 49.50 286.10 Td (increases, the costs of these incremental vehicles could be higher) Tj ET Q q 0 0 0 rg BT 308.85 286.10 Td (. In some states, when a vehicle is deemed a total loss, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (salvage title is issued. ) Tj ET Q q 0 0 0 rg BT 139.03 274.10 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 49.50 262.10 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 49.50 250.10 Td (price of such vehicles. Currently) Tj ET Q q 0 0 0 rg BT 179.08 250.10 Td (, these titling issues are a matter of state law) Tj ET Q q 0 0 0 rg BT 355.05 250.10 Td (. In 1992, the U.S. Congress commissioned an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 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 49.50 226.10 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 49.50 214.10 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 49.50 202.10 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 511.72 202.10 Td (, certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 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 49.50 178.10 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 91.50 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.14 160.10 Td (e also acquire inventory directly from insurance companies, OEMs, and others. ) Tj ET Q q 0 0 0 rg BT 419.30 160.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.71 160.10 Td (o the extent that these suppliers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (decide to discontinue these arrangements, our business could be adversely af) Tj ET Q q 0 0 0 rg BT 356.17 148.10 Td (fected through higher costs or the resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (potential inability to service our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 118.10 Td (In Europe, we acquire product from a wide variety of suppliers. ) Tj ET Q q 0 0 0 rg BT 347.80 118.10 Td (As vehicle technology changes, some parts will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (become more complex and the design or technology of those parts may be covered by patents or other rights that make it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 94.10 Td (ficult for aftermarket suppliers to produce for sale to companies such as ours. ) Tj ET Q q 0 0 0 rg BT 371.81 94.10 Td (The complexity of the parts may include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (software or other technical aspects that make it dif) Tj ET Q q 0 0 0 rg BT 250.91 82.10 Td (ficult to identify what is wrong with the vehicle. More complex parts may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 70.10 Td (ficult to repair and may require expensive or dif) Tj ET Q q 0 0 0 rg BT 251.84 70.10 Td (ficult to obtain software updates, limiting our ability to compete with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (OEMs.) 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 annual and quarterly performance may fluctuate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 724.25 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 49.50 712.25 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 49.50 700.25 Td (Future factors that may af) Tj ET Q q 0 0 0 rg BT 152.62 700.25 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 49.50 688.25 Td (Looking Statements in this ) Tj ET Q q 0 0 0 rg BT 158.94 688.25 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 282.27 688.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 331.60 688.25 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 49.50 676.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 104.84 676.25 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 49.50 664.25 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 49.50 646.25 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 49.50 634.25 Td (objectives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 616.25 Td (Our future success depends in lar) Tj ET Q q 0 0 0 rg BT 221.33 616.25 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 49.50 604.25 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 429.45 604.25 Td (ficers or key employees, or if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 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 49.50 580.25 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 49.50 568.25 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 49.50 556.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 538.25 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 85.50 520.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 520.25 Td (e have operations in North ) Tj ET Q q 0 0 0 rg BT 202.17 520.25 Td (America, Europe and ) Tj ET Q q 0 0 0 rg BT 289.72 520.25 Td (T) Tj ET Q q 0 0 0 rg BT 295.13 520.25 Td (aiwan, and we may expand our operations in the countries in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (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 49.50 496.25 Td (international business, which could have an adverse ef) Tj ET Q q 0 0 0 rg BT 267.02 496.25 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 49.50 484.25 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 491.06 484.25 Td (Act 2010 and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (Foreign Corrupt Practices ) Tj ET Q q 0 0 0 rg BT 154.76 472.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 174.02 472.25 Td (W) Tj ET Q q 0 0 0 rg BT 182.65 472.25 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 49.50 460.25 Td (which we operate. ) Tj ET Q q 0 0 0 rg BT 124.84 460.25 Td (W) Tj ET Q q 0 0 0 rg BT 133.48 460.25 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 462.34 460.25 Td (ferent currencies, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 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 49.50 436.25 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 372.84 436.25 Td (fect our operations and the ability to maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (our supply of products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 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 49.50 394.25 Td (pre-tax income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 376.25 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 49.50 364.25 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 49.50 352.25 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 49.50 340.25 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 49.50 328.25 Td (modifications that restrict the activities of the acquired business. ) Tj ET Q q 0 0 0 rg BT 308.88 328.25 Td (As of December31, 2017, our total goodwill subject to future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (impairment testing was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.32 316.25 Td ($3.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.43 316.25 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 49.50 304.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 81.44 304.25 Td (Accounting Policies and Estimates section of Item7 in this ) Tj ET Q q 0 0 0 rg BT 319.73 304.25 Td (Annual Report on Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 286.25 Td (Except for indefinite-lived intangibles, we amortize other intangible assets over the assigned useful lives, each of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (which is based upon the expected period to be benefited. ) Tj ET Q q 0 0 0 rg BT 278.41 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 287.05 274.25 Td (e review indefinite-lived intangible assets for impairment annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (or sooner if events or changes in circumstances indicate that the carrying value may not be recoverable. ) Tj ET Q q 0 0 0 rg BT 465.82 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 474.46 262.25 Td (e review finite-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (intangible assets for possible impairment whenever events or changes in circumstances indicate that the carrying value may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (be recoverable. In the event conditions change that af) Tj ET Q q 0 0 0 rg BT 262.83 238.25 Td (fect our ability to realize the underlying cash flows associated with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (intangible assets, we may record an impairment char) Tj ET Q q 0 0 0 rg BT 259.80 226.25 Td (ge. ) Tj ET Q q 0 0 0 rg BT 273.68 226.25 Td (As of December 31, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 356.71 233.18 22.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 356.71 226.25 Td (2017,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.21 226.25 Td ( the value of our other intangible assets, net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (of accumulated amortization, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.95 214.25 Td ($744 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.34 214.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (Our business may be adversely af) Tj ET Q q 0 0 0 rg BT 186.81 196.25 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 88.50 178.25 Td (Certain of our employees are represented by labor unions and other employee representative bodies and work under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (collective bar) Tj ET Q q 0 0 0 rg BT 103.46 166.25 Td (gaining or similar agreements, which are subject to periodic renegotiation. From time to time, there have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 154.25 Td (forts to or) Tj ET Q q 0 0 0 rg BT 96.35 154.25 Td (ganize additional portions of our workforce and those ef) Tj ET Q q 0 0 0 rg BT 321.09 154.25 Td (forts can be expected to continue. In addition, legislators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (and 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 49.50 130.25 Td (unionization ef) Tj ET Q q 0 0 0 rg BT 109.58 130.25 Td (forts to be successful. ) Tj ET Q q 0 0 0 rg BT 198.17 130.25 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 49.50 118.25 Td (council campaigns, and other labor disruptions and disputes. ) Tj ET Q q 0 0 0 rg BT 293.34 118.25 Td (Additional unionization ef) Tj ET Q q 0 0 0 rg BT 398.69 118.25 Td (forts, new collective bar) Tj ET Q q 0 0 0 rg BT 495.14 118.25 Td (gaining or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (similar agreements, and work stoppages could materially increase our costs and reduce revenue and could limit our flexibility in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (terms 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 88.50 76.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 76.25 Td (e also are subject to laws and regulations that govern such matters as minimum wage, overtime and other working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.25 Td (conditions. Some of these laws are technical in nature and could be subject to interpretation by government agencies and courts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 52.25 Td (ferent than our interpretations. Ef) Tj ET Q q 0 0 0 rg BT 193.81 52.25 Td (forts to comply with existing laws, changes to such laws and newly-enacted laws may ) 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 49.50 742.10 Td (increase our labor costs and limit our flexibility) Tj ET Q q 0 0 0 rg BT 239.08 742.10 Td (. If we were found not to be in compliance with such laws, we could be subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (to fines, penalties and liabilities to our employees or government agencies. In addition, ef) Tj ET Q q 0 0 0 rg BT 407.00 730.10 Td (forts to better protect local markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (from foreign workers and decisions of countries to withdraw from treaties and joint economic areas may lead to increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (restrictions on the free movement of people and labor and may limit our ability to place key personnel where it could best serve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (our needs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 676.10 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 49.50 664.10 Td (to such technology could harm our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 646.10 Td (In the ordinary course of business, we rely upon information technology networks and systems, some of which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (leased from third parties, to process, transmit and store electronic information and to manage and support a variety of business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (processes and activities. ) Tj ET Q q 0 0 0 rg BT 150.68 622.10 Td (The secure operation of these information technology networks and the processing and maintenance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (this information is critical to our business operations and strategy) Tj ET Q q 0 0 0 rg BT 310.19 610.10 Td (. Despite security measures and business continuity plans, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (information technology networks and infrastructure may be vulnerable to damage, disruptions or shutdowns due to attacks by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (cyber criminals, breaches due to employee error or malfeasance, disruptions during the process of upgrading or replacing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (computer software or hardware, terminations of business relationships by third party service providers, power outages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (computer viruses, telecommunication or utility failures, terrorist acts, natural disasters or other catastrophic events. ) Tj ET Q q 0 0 0 rg BT 513.90 562.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (occurrence of any of these events could compromise our networks, and the information stored there could be accessed, publicly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (disclosed, lost or stolen. ) Tj ET Q q 0 0 0 rg BT 150.33 538.10 Td (Any such access, disclosure or loss of information could result in legal claims or proceedings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (disruption to our operations and damage to our reputation, any of which could adversely af) Tj ET Q q 0 0 0 rg BT 412.83 526.10 Td (fect our business. In addition, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (security threats continue to evolve, we may need to invest additional resources to protect the security of our systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 496.10 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 49.50 484.10 Td (may be unsuccessful in the development of our own systems or we may underestimate the costs and expenses of switching ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (providers or developing and implementing our own systems. ) Tj ET Q q 0 0 0 rg BT 294.19 472.10 Td (Also, our revenue may be hampered during the period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (implementing an alternative system, which period could extend longer than we anticipated.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (The costs of complying with the requirements of laws pertaining to the privacy and security of personal information and the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (potential liability associated with the failure to comply with such laws could materially adversely af) Tj ET Q q 0 0 0 rg BT 455.98 430.10 Td (fect our business and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 400.10 Td (e collect personally identifiable information \("PII"\) and other data as part of our business processes and operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (The legislative and regulatory framework relating to privacy and data protection is rapidly evolving worldwide and is likely to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (remain uncertain for the foreseeable future. ) Tj ET Q q 0 0 0 rg BT 225.06 376.10 Td (This data is subject to a variety of U.S. and international laws and regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (Many foreign countries and governmental bodies, including the European Union, Canada and other jurisdictions where we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (conduct business, have laws and regulations concerning the collection and use of PII and other data obtained from their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (residents or by businesses operating within their jurisdictions that are more restrictive than those in the U.S. ) Tj ET Q q 0 0 0 rg BT 482.47 340.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 532.37 340.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (European Union adopted the General Data Protection Regulation \("GDPR"\) that will impose more stringent data protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (requirements for processors and controllers of personal data, including expanded disclosures about how PII is to be used, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (limitations on retention of PII, mandatory data breach notification requirements, and higher standards for data controllers to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (demonstrate that they have obtained valid consent for certain data processing activities. ) Tj ET Q q 0 0 0 rg BT 403.64 292.10 Td (The GDPR will become ef) Tj ET Q q 0 0 0 rg BT 510.10 292.10 Td (fective in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (May 2018, and there can be no assurance that we will timely have all processes implemented for full compliance with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 94.86 268.10 Td (The GDPR provides severe penalties for noncompliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 250.10 Td (Any inability) Tj ET Q q 0 0 0 rg BT 137.90 250.10 Td (, or perceived inability) Tj ET Q q 0 0 0 rg BT 227.78 250.10 Td (, to adequately address privacy and data protection issues, even if unfounded, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (comply with applicable laws, regulations, policies, industry standards, contractual obligations or other legal obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (\(including at newly-acquired companies\) could result in additional cost and liability to us, result in governmental investigations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (and enforcement actions, give rise to civil litigation, damage to our reputation \(including the loss of trust by our customers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (employees\), inhibit sales, and otherwise adversely af) Tj ET Q q 0 0 0 rg BT 260.36 202.10 Td (fect our business. ) Tj ET Q q 0 0 0 rg BT 332.39 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 341.03 202.10 Td (e also may be subject to these adverse ef) Tj ET Q q 0 0 0 rg BT 503.01 202.10 Td (fects if other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (parties with whom we do business, including lenders, suppliers, consultants and advisors, violate applicable laws or contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (obligations or suf) Tj ET Q q 0 0 0 rg BT 119.31 178.10 Td (fer a security breach.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (Business interruptions in our distribution centers or other facilities may af) Tj ET Q q 0 0 0 rg BT 356.04 160.10 Td (fect our operations, the function of our computer ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (systems, and/or the availability and distribution of merchandise, which may af) Tj ET Q q 0 0 0 rg BT 371.01 148.10 Td (fect our business.) 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 (eather) Tj ET Q q 0 0 0 rg BT 121.16 130.10 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 49.50 118.10 Td (distribution centers or other facilities or may adversely af) Tj ET Q q 0 0 0 rg BT 278.68 118.10 Td (fect our ability to deliver inventory through our system on a timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (basis.) Tj ET Q q 0 0 0 rg BT 76.82 106.10 Td (This may af) Tj ET Q q 0 0 0 rg BT 124.40 106.10 Td (fect our ability to serve our customers, resulting in lost sales or a potential loss of customer loyalty) Tj ET Q q 0 0 0 rg BT 518.11 106.10 Td (.Some of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (our merchandise is imported from other countries and these goods could become dif) Tj ET Q q 0 0 0 rg BT 385.89 94.10 Td (ficult or impossible to bring into the U.S. or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (into the other countries in which we operate, and we may not be able to obtain such merchandise from other sources at similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (prices.Such a disruption in revenue could potentially have a negative impact on our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (condition.) 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 /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 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 88.50 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 724.25 Td (e are subject to various environmental protection and health and safety laws and regulations governing, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (other things: the emission and dischar) Tj ET Q q 0 0 0 rg BT 200.68 712.25 Td (ge of hazardous materials into the ground, air) Tj ET Q q 0 0 0 rg BT 381.89 712.25 Td (, or water; exposure to hazardous materials; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (and the generation, handling, storage, use, treatment, identification, transportation, and disposal of industrial by-products, waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (water) Tj ET Q q 0 0 0 rg BT 71.31 688.25 Td (, storm water) Tj ET Q q 0 0 0 rg BT 123.39 688.25 Td (, and mercury and other hazardous materials. ) Tj ET Q q 0 0 0 rg BT 305.64 688.25 Td (W) Tj ET Q q 0 0 0 rg BT 314.28 688.25 Td (e are also required to obtain environmental permits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (governmental authorities for certain of our operations. If we violate or fail to obtain or comply with these laws, regulations, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (permits, we could be fined or otherwise sanctioned by regulators or lose our operating permits. ) Tj ET Q q 0 0 0 rg BT 431.16 664.25 Td (W) Tj ET Q q 0 0 0 rg BT 439.80 664.25 Td (e could also become liable if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (employees or other parties are improperly exposed to hazardous materials. ) Tj ET Q q 0 0 0 rg BT 349.49 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.13 652.25 Td (e have an environmental management process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (designed to facilitate and support our compliance with these requirements. ) Tj ET Q q 0 0 0 rg BT 349.50 640.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.14 640.25 Td (e cannot assure you, however) Tj ET Q q 0 0 0 rg BT 475.75 640.25 Td (, that we will at all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (times be in complete compliance with such requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 610.25 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 516.16 610.25 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 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 49.50 586.25 Td (matters in amounts that would be material to us, we may be required to make such expenditures in the future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 568.25 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 49.50 556.25 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 504.06 556.25 Td (These laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 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 428.46 544.25 Td (, the release of such hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 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 49.50 520.25 Td (hazardous materials. ) Tj ET Q q 0 0 0 rg BT 133.64 520.25 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 49.50 508.25 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 430.87 508.25 Td (These environmental laws also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.25 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 49.50 484.25 Td (regardless of whether the af) Tj ET Q q 0 0 0 rg BT 160.38 484.25 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 49.50 472.25 Td (deemed under law to be a successor to such person. ) Tj ET Q q 0 0 0 rg BT 257.86 472.25 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 49.50 460.25 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 49.50 448.25 Td (hazardous or toxic substances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 430.25 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 49.50 418.25 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 49.50 406.25 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 522.87 406.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 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 49.50 382.25 Td (Contamination can migrate on-site or of) Tj ET Q q 0 0 0 rg BT 209.55 382.25 Td (f-site which can increase the risk, and the amount, of any potential liability) Tj ET Q q 0 0 0 rg BT 508.25 382.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 364.25 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 49.50 352.25 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 49.50 340.25 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 49.50 328.25 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 88.50 310.25 Td (Environmental laws are complex, change frequently) Tj ET Q q 0 0 0 rg BT 296.66 310.25 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 49.50 298.25 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 49.50 286.25 Td (releases of, or exposure to, hazardous substances, may adversely af) Tj ET Q q 0 0 0 rg BT 318.11 286.25 Td (fect our business, results of operations, or financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 256.25 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 88.50 238.25 Td (If customers of repair shops that purchase our products are injured or suf) Tj ET Q q 0 0 0 rg BT 379.34 238.25 Td (fer property damage, we could be subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (product liability claims by such customers. ) Tj ET Q q 0 0 0 rg BT 223.46 226.25 Td (The successful assertion of this type of claim could have an adverse ef) Tj ET Q q 0 0 0 rg BT 504.84 226.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 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 49.50 202.25 Td (determined to be defective.More generally) Tj ET Q q 0 0 0 rg BT 221.55 202.25 Td (, a recall involving alternative parts, even if we did not sell the recalled products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (could adversely af) Tj ET Q q 0 0 0 rg BT 122.62 190.25 Td (fect the perceived quality of alternative parts, leading to decreased usage of alternative parts. ) Tj ET Q q 0 0 0 rg BT 495.60 190.25 Td (The expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (a recall and the damage to our reputation, or the reputation of alternative parts generally) Tj ET Q q 0 0 0 rg BT 400.65 178.25 Td (, could have an adverse ef) Tj ET Q q 0 0 0 rg BT 504.30 178.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (business, results of operations or financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 148.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 148.25 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 49.50 136.25 Td (and damages relating to product liability and product recalls. ) Tj ET Q q 0 0 0 rg BT 294.80 136.25 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 49.50 124.25 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 49.50 106.25 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 88.25 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 76.25 Td (from state and local governments to conduct their operations. ) Tj ET Q q 0 0 0 rg BT 297.02 76.25 Td (When we develop or acquire a new facility) Tj ET Q q 0 0 0 rg BT 468.24 76.25 Td (, we must seek the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.25 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 52.25 Td (refurbishing facility in their communities. ) Tj ET Q q 0 0 0 rg BT 219.28 52.25 Td (There can be no assurance that future approvals or transfers will be granted. In ) 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 49.50 742.10 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 49.50 730.10 Td (subsidiaries currently hold.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 712.10 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 49.50 700.10 Td (our business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.47 700.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.78 682.10 Td (August 2012, as mandated by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 282.79 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.43 682.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 466.39 682.10 Td (Act, the SEC adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 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 49.50 658.10 Td (Republic of Congo or adjoining countries. ) Tj ET Q q 0 0 0 rg BT 220.68 658.10 Td (These new requirements impose significant burdens on U.S. public companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Compliance with the rules requires substantial due diligence in an ef) Tj ET Q q 0 0 0 rg BT 323.13 646.10 Td (fort to determine whether products contain the conflict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (minerals. ) Tj ET Q q 0 0 0 rg BT 91.25 634.10 Td (The results of such due diligence ef) Tj ET Q q 0 0 0 rg BT 233.25 634.10 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 85.50 616.10 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 49.50 604.10 Td (our products. ) Tj ET Q q 0 0 0 rg BT 104.59 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.23 604.10 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 49.50 592.10 Td (consequence of our diligence activities. Further) Tj ET Q q 0 0 0 rg BT 239.03 592.10 Td (, the implementation of these rules and their ef) Tj ET Q q 0 0 0 rg BT 425.18 592.10 Td (fect on customer) Tj ET Q q 0 0 0 rg BT 491.42 592.10 Td (, supplier and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (consumer behavior could adversely af) Tj ET Q q 0 0 0 rg BT 201.48 580.10 Td (fect the sourcing, supply and pricing of materials used in our products. ) Tj ET Q q 0 0 0 rg BT 485.86 580.10 Td (As there may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (only a limited number of suppliers of) Tj ET Q q 0 0 0 rg BT 198.18 568.10 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 49.50 556.10 Td (will be able to obtain necessary products from such suppliers in suf) Tj ET Q q 0 0 0 rg BT 318.43 556.10 Td (ficient quantities or at competitive prices. ) Tj ET Q q 0 0 0 rg BT 486.80 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 495.44 556.10 Td (e may face ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 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 49.50 532.10 Td (are unable to suf) Tj ET Q q 0 0 0 rg BT 115.68 532.10 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 49.50 520.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 520.10 Td (, these rules could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 277.74 520.10 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 49.50 502.10 Td (If we experience problems with our fleet of trucks and other vehicles, our business could be harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 484.10 Td (e use a fleet of trucks and other vehicles to deliver the majority of the products we sell. ) Tj ET Q q 0 0 0 rg BT 447.12 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 455.76 484.10 Td (e are subject to the risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (associated with providing delivery services, including inclement weather) Tj ET Q q 0 0 0 rg BT 340.68 472.10 Td (, disruptions in the transportation infrastructure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (governmental regulation, availability and price of fuel, liabilities arising from accidents to the extent we are not covered by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (insurance, and insurance premium increases. In addition, our failure to deliver products in a timely and accurate manner could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (harm our reputation and brand, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 331.98 436.10 Td (fect on our business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 418.10 Td (e may lose the right to operate at key locations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 400.10 Td (e lease most of the properties at which we conduct our businesses.) Tj ET Q q 0 0 0 rg BT 361.01 400.10 Td (At the end of a lease term, we must negotiate a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (renewal, exercise a purchase option \(to the extent we have that right\), or find a new location. ) Tj ET Q q 0 0 0 rg BT 422.51 388.10 Td (There can be no assurance that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (will be able to negotiate renewals on terms acceptable to us or that we will find a suitable alternative location, especially with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (respect to our salvage operations \(which have characteristics that are often not attractive to landlords or local governments\).In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (such cases, we may lose the right to operate at key locations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Our ef) Tj ET Q q 0 0 0 rg BT 76.26 334.10 Td (fective tax rate could materially increase as a consequence of various factors, including interpretations and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (administrative guidance in regard to the T) Tj ET Q q 0 0 0 rg BT 222.48 322.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 234.61 322.10 Td (Act \(defined below\), U.S. and/or international tax legislation, mix of earnings ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (by jurisdiction and U.S. and foreign jurisdictional audits. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 292.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 292.10 Td (e are a U.S. based multinational company subject to income taxes in the U.S. and a number of foreign jurisdictions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (Therefore, we are subject to changes in tax laws in each of these jurisdictions and such changes could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 268.10 Td (fect on our ef) Tj ET Q q 0 0 0 rg BT 110.49 268.10 Td (fective tax rate and cash flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 250.10 Td (On December 22, 2017, the U.S. enacted legislation commonly referred to as the ) Tj ET Q q 0 0 0 rg BT 411.05 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 416.46 250.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 485.91 250.10 Td (Act \(the "T) Tj ET Q q 0 0 0 rg BT 530.39 250.10 Td (ax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (Act"\). ) Tj ET Q q 0 0 0 rg BT 75.80 238.10 Td (Among other things, the ) Tj ET Q q 0 0 0 rg BT 175.33 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 180.74 238.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 192.13 238.10 Td (Act reduces the U.S. statutory corporate tax rate from 35% to 21% for tax years beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (after December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 153.35 226.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 203.25 226.10 Td (, beginning in 2018, the ) Tj ET Q q 0 0 0 rg BT 300.56 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 305.97 226.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 317.36 226.10 Td (Act imposes a regime of taxation on foreign subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (earnings \(Global Intangible Low-T) Tj ET Q q 0 0 0 rg BT 189.04 214.10 Td (axed Income, GIL) Tj ET Q q 0 0 0 rg BT 265.58 214.10 Td (TI\) and on certain related party payments \(Base Erosion ) Tj ET Q q 0 0 0 rg BT 496.33 214.10 Td (Anti-abuse ) Tj ET Q q 0 0 0 rg BT 542.52 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 547.93 214.10 Td (ax, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (BEA) Tj ET Q q 0 0 0 rg BT 72.83 202.10 Td (T\). Other important changes potentially material to the our operations include the full expensing of certain assets placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (into service after September 27, 2017, the repeal of the domestic manufacturing deduction, and additional limitations on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (deductibility of executive compensation. Finally) Tj ET Q q 0 0 0 rg BT 242.42 178.10 Td (, as part of the transition of U.S. international taxation from a worldwide tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (system to a territorial tax system, the ) Tj ET Q q 0 0 0 rg BT 199.29 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.70 166.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 216.08 166.10 Td (Act imposes a one-time transition tax on the deemed repatriation of historical earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (of foreign subsidiaries as of December 31, 2017. Other than the transition tax and revaluation of deferred tax balances \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (are applicable to us for 2017\), the provisions will generally be applicable in 2018 and beyond. In accordance with the guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (provided in SEC Staf) Tj ET Q q 0 0 0 rg BT 134.59 130.10 Td (f ) Tj ET Q q 0 0 0 rg BT 139.87 130.10 Td (Accounting Bulletin \(SAB\) No. 1) Tj ET Q q 0 0 0 rg BT 283.09 130.10 Td (18, in the fourth quarter of 2017, we recorded provisional reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (estimates of the impact of the ) Tj ET Q q 0 0 0 rg BT 169.84 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.25 118.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 186.63 118.10 Td (Act, including $51 million for the transition tax and a deferred tax benefit of $73 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (related to the revaluation of deferred tax balances based on the new rate. ) Tj ET Q q 0 0 0 rg BT 341.40 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 350.04 106.10 Td (e are continuing to analyze the ) Tj ET Q q 0 0 0 rg BT 474.81 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.22 106.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 491.60 106.10 Td (Act and plan to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (finalize the estimate within the measurement period outlined in SAB No.1) Tj ET Q q 0 0 0 rg BT 346.00 94.10 Td (18. ) Tj ET Q q 0 0 0 rg BT 360.82 94.10 Td (The final adjustments may dif) Tj ET Q q 0 0 0 rg BT 480.61 94.10 Td (fer from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (provisional reasonable estimates \(and such dif) Tj ET Q q 0 0 0 rg BT 233.99 82.10 Td (ference may be material\) if provisions of the ) Tj ET Q q 0 0 0 rg BT 414.29 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 419.70 82.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 431.09 82.10 Td (Act, and their interaction with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (other provisions of the U.S. Internal Revenue Code, are interpreted dif) Tj ET Q q 0 0 0 rg BT 331.18 70.10 Td (ferently than interpretations made by us in determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (the estimates, whether through issuance of administrative guidance, or through further review of the ) Tj ET Q q 0 0 0 rg BT 451.97 58.10 Td (T) Tj ET Q q 0 0 0 rg BT 457.38 58.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 468.77 58.10 Td (Act. Depending upon ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (future interpretations and administrative guidance in respect of the ) Tj ET Q q 0 0 0 rg BT 317.83 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 323.25 742.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 334.63 742.10 Td (Act) Tj ET Q q 0 0 0 rg BT 351.85 742.10 Td (s base broadening provisions, the ) Tj ET Q q 0 0 0 rg BT 487.20 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 492.61 742.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 504.00 742.10 Td (Act could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (have a material adverse ef) Tj ET Q q 0 0 0 rg BT 153.70 730.10 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 240.07 730.10 Td (s ef) Tj ET Q q 0 0 0 rg BT 254.05 730.10 Td (fective tax rate and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 712.10 Td (Certain non-U.S. jurisdictions are considering tax legislation based upon recommendations made by the Or) Tj ET Q q 0 0 0 rg BT 513.83 712.10 Td (ganization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (for Economic Co-operation and Development in connection with its Base Erosion and Profit Shifting study) Tj ET Q q 0 0 0 rg BT 477.66 700.10 Td (. ) Tj ET Q q 0 0 0 rg BT 482.48 700.10 Td (The outcome of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (these legislative developments could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 303.10 688.10 Td (fect on our ef) Tj ET Q q 0 0 0 rg BT 356.51 688.10 Td (fective tax rate and cash flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 670.10 Td (The tax rates applicable in the jurisdictions within which we operate vary widely) Tj ET Q q 0 0 0 rg BT 408.08 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.90 670.10 Td (Therefore, our ef) Tj ET Q q 0 0 0 rg BT 480.73 670.10 Td (fective tax rate may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (be adversely af) Tj ET Q q 0 0 0 rg BT 109.84 658.10 Td (fected by changes in the mix of our earnings by jurisdiction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 640.10 Td (e are also subject to ongoing audits of our income tax returns in various jurisdictions both in the U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (internationally) Tj ET Q q 0 0 0 rg BT 107.17 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.99 628.10 Td (While we believe that our tax positions will be sustained, the outcomes of such audits could result in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (assessment of additional taxes, which could adversely impact our cash flows and financial results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 595.10 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 142.38 595.10 Td ( Common Stock and Financial Structur) Tj ET Q q 0 0 0 rg BT 310.82 595.10 Td (e) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 577.10 Td (market ) Tj ET Q q 0 0 0 rg BT 99.50 577.10 Td (price ) Tj ET Q q 0 0 0 rg BT 122.54 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.37 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 150.33 577.10 Td (common ) Tj ET Q q 0 0 0 rg BT 188.38 577.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 211.99 577.10 Td (may ) Tj ET Q q 0 0 0 rg BT 231.71 577.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.65 577.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 276.14 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.20 577.10 Td (could ) Tj ET Q q 0 0 0 rg BT 319.48 577.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 349.74 577.10 Td (us ) Tj ET Q q 0 0 0 rg BT 361.70 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.98 577.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 413.36 577.10 Td (class ) Tj ET Q q 0 0 0 rg BT 435.86 577.10 Td (action ) Tj ET Q q 0 0 0 rg BT 463.92 577.10 Td (litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 559.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.56 559.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.18 559.10 Td (market ) Tj ET Q q 0 0 0 rg BT 157.45 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.40 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.13 559.10 Td (price ) Tj ET Q q 0 0 0 rg BT 211.63 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.47 559.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.31 559.10 Td (common ) Tj ET Q q 0 0 0 rg BT 275.82 559.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 299.44 559.10 Td (may ) Tj ET Q q 0 0 0 rg BT 319.16 559.10 Td (be ) Tj ET Q q 0 0 0 rg BT 331.11 559.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 361.95 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.24 559.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 394.19 559.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 443.91 559.10 Td (based ) Tj ET Q q 0 0 0 rg BT 469.19 559.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 491.70 559.10 Td (general ) Tj ET Q q 0 0 0 rg BT 523.64 559.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.04 547.10 Td (market ) Tj ET Q q 0 0 0 rg BT 101.90 547.10 Td (conditions.) Tj ET Q q 0 0 0 rg BT 150.88 547.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.52 547.10 Td (market ) Tj ET Q q 0 0 0 rg BT 204.39 547.10 Td (price ) Tj ET Q q 0 0 0 rg BT 229.47 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.23 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.65 547.10 Td (common ) Tj ET Q q 0 0 0 rg BT 304.75 547.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.95 547.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.26 547.10 Td (also ) Tj ET Q q 0 0 0 rg BT 374.47 547.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.01 547.10 Td (af) Tj ET Q q 0 0 0 rg BT 396.59 547.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 426.11 547.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.21 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.64 547.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 490.29 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.16 547.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 527.69 547.10 Td (analysts) Tj ET Q q 0 0 0 rg BT 562.50 547.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (expectations.Failure ) Tj ET Q q 0 0 0 rg BT 137.98 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.44 535.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 170.55 535.10 Td (such ) Tj ET Q q 0 0 0 rg BT 191.56 535.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 246.71 535.10 Td (even ) Tj ET Q q 0 0 0 rg BT 268.27 535.10 Td (slightly) Tj ET Q q 0 0 0 rg BT 297.62 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.80 535.10 Td (could ) Tj ET Q q 0 0 0 rg BT 327.70 535.10 Td (have ) Tj ET Q q 0 0 0 rg BT 349.25 535.10 Td (an ) Tj ET Q q 0 0 0 rg BT 361.37 535.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 394.58 535.10 Td (ef) Tj ET Q q 0 0 0 rg BT 402.17 535.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 419.83 535.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.51 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.40 535.10 Td (market ) Tj ET Q q 0 0 0 rg BT 477.84 535.10 Td (price ) Tj ET Q q 0 0 0 rg BT 500.50 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.51 535.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 535.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 75.30 523.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.83 523.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 123.30 523.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 146.60 523.10 Td (market ) Tj ET Q q 0 0 0 rg BT 176.56 523.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 214.86 523.10 Td (has ) Tj ET Q q 0 0 0 rg BT 230.39 523.10 Td (had ) Tj ET Q q 0 0 0 rg BT 247.02 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.65 523.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 298.06 523.10 Td (ef) Tj ET Q q 0 0 0 rg BT 305.65 523.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 322.83 523.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.02 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.43 523.10 Td (market ) Tj ET Q q 0 0 0 rg BT 379.39 523.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 405.46 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.99 523.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 455.95 523.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 483.14 523.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.34 523.10 Td (many ) Tj ET Q q 0 0 0 rg BT 519.75 523.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.27 511.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 95.37 511.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 134.69 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.58 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.91 511.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.78 511.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 251.42 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.86 511.10 Td (these ) Tj ET Q q 0 0 0 rg BT 284.52 511.10 Td (companies.Downturns ) Tj ET Q q 0 0 0 rg BT 381.34 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.23 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.55 511.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 428.77 511.10 Td (market ) Tj ET Q q 0 0 0 rg BT 458.65 511.10 Td (may ) Tj ET Q q 0 0 0 rg BT 477.98 511.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 502.30 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.63 511.10 Td (price ) Tj ET Q q 0 0 0 rg BT 538.72 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 511.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.43 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.47 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.18 499.10 Td (decline.) Tj ET Q q 0 0 0 rg BT 158.00 499.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 207.90 499.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.33 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.48 499.10 Td (market ) Tj ET Q q 0 0 0 rg BT 259.18 499.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.10 499.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.69 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.95 499.10 Td (common ) Tj ET Q q 0 0 0 rg BT 350.88 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 374.92 499.10 Td (has ) Tj ET Q q 0 0 0 rg BT 391.18 499.10 Td (been ) Tj ET Q q 0 0 0 rg BT 412.99 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.70 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.85 499.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 460.39 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.76 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.47 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.62 499.10 Td (future ) Tj ET Q q 0 0 0 rg BT 530.43 499.10 Td (may ) Tj ET Q q 0 0 0 rg BT 550.58 499.10 Td (be, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 89.77 487.10 Td (af) Tj ET Q q 0 0 0 rg BT 97.36 487.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 123.75 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.71 487.10 Td (allegations ) Tj ET Q q 0 0 0 rg BT 180.99 487.10 Td (made ) Tj ET Q q 0 0 0 rg BT 204.60 487.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.89 487.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 244.62 487.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 271.58 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.54 487.10 Td (short ) Tj ET Q q 0 0 0 rg BT 305.50 487.10 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 335.50 487.10 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 372.18 487.10 Td (activists ) Tj ET Q q 0 0 0 rg BT 406.91 487.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.20 487.10 Td (others ) Tj ET Q q 0 0 0 rg BT 443.60 487.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 483.87 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.16 487.10 Td (business ) Tj ET Q q 0 0 0 rg BT 535.01 487.10 Td (model, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 475.10 Td (management ) Tj ET Q q 0 0 0 rg BT 118.92 475.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.75 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.58 475.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.06 475.10 Td (accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 457.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 132.16 457.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 164.15 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.03 457.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 213.68 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.01 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.77 457.10 Td (market ) Tj ET Q q 0 0 0 rg BT 269.08 457.10 Td (price ) Tj ET Q q 0 0 0 rg BT 291.61 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.49 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.47 457.10 Td (company) Tj ET Q q 0 0 0 rg BT 348.91 457.10 Td (s ) Tj ET Q q 0 0 0 rg BT 355.34 457.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 398.15 457.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 438.46 457.10 Td (class ) Tj ET Q q 0 0 0 rg BT 460.45 457.10 Td (action ) Tj ET Q q 0 0 0 rg BT 487.43 457.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 526.08 457.10 Td (has ) Tj ET Q q 0 0 0 rg BT 541.96 457.10 Td (often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.10 Td (been ) Tj ET Q q 0 0 0 rg BT 71.36 445.10 Td (instituted ) Tj ET Q q 0 0 0 rg BT 111.56 445.10 Td (against ) Tj ET Q q 0 0 0 rg BT 142.87 445.10 Td (such ) Tj ET Q q 0 0 0 rg BT 164.18 445.10 Td (companies.If ) Tj ET Q q 0 0 0 rg BT 224.08 445.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 254.84 445.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 293.93 445.10 Td (were ) Tj ET Q q 0 0 0 rg BT 316.34 445.10 Td (instituted ) Tj ET Q q 0 0 0 rg BT 356.54 445.10 Td (against ) Tj ET Q q 0 0 0 rg BT 387.84 445.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 402.22 445.10 Td (it ) Tj ET Q q 0 0 0 rg BT 410.75 445.10 Td (could ) Tj ET Q q 0 0 0 rg BT 435.95 445.10 Td (result ) Tj ET Q q 0 0 0 rg BT 461.15 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.91 445.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 517.66 445.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 540.65 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 558.06 445.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 89.22 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.05 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.88 433.10 Td (management) Tj ET Q q 0 0 0 rg BT 169.74 433.10 Td (s ) Tj ET Q q 0 0 0 rg BT 176.14 433.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 213.63 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.56 433.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 273.32 433.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.26 433.10 Td (could ) Tj ET Q q 0 0 0 rg BT 324.98 433.10 Td (have ) Tj ET Q q 0 0 0 rg BT 346.36 433.10 Td (an ) Tj ET Q q 0 0 0 rg BT 358.29 433.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 391.33 433.10 Td (ef) Tj ET Q q 0 0 0 rg BT 398.92 433.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 416.40 433.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.90 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.73 433.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (Delaware law) Tj ET Q q 0 0 0 rg BT 105.52 415.10 Td (, our charter documents and our loan documents may impede or discourage a takeover) Tj ET Q q 0 0 0 rg BT 462.20 415.10 Td (, which could af) Tj ET Q q 0 0 0 rg BT 528.13 415.10 Td (fect the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (price of our stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 385.10 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 49.50 373.10 Td (could, together or separately) Tj ET Q q 0 0 0 rg BT 162.69 373.10 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 49.50 361.10 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 49.50 349.10 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 520.00 349.10 Td (ficult. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 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 49.50 325.10 Td (provisions could also impede an acquisition, takeover) Tj ET Q q 0 0 0 rg BT 263.77 325.10 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 49.50 313.10 Td (acquirer from making a tender of) Tj ET Q q 0 0 0 rg BT 181.76 313.10 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 49.50 301.10 Td (common stock.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 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 88.50 265.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.14 265.10 Td (e and our stockholders may sell shares of common stock or other equity) Tj ET Q q 0 0 0 rg BT 383.64 265.10 Td (, debt or instruments which constitute an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (element of our debt and equity \(collectively) Tj ET Q q 0 0 0 rg BT 223.79 253.10 Td (, "securities"\) in the future. ) Tj ET Q q 0 0 0 rg BT 334.24 253.10 Td (W) Tj ET Q q 0 0 0 rg BT 342.87 253.10 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 49.50 241.10 Td (equity incentive plan or in connection with future acquisitions. ) Tj ET Q q 0 0 0 rg BT 302.59 241.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.23 241.10 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 49.50 229.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 229.10 Td (fect, if any) Tj ET Q q 0 0 0 rg BT 99.47 229.10 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 49.50 217.10 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 49.50 205.10 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 429.81 205.10 Td (, may cause the price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (common stock to fall.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 175.10 Td (e have a substantial amount of indebtedness, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 404.69 175.10 Td (fect on our financial condition and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 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 85.50 145.10 Td (As of December 3) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 158.53 152.03 35.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 158.53 145.10 Td (1, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.53 145.10 Td (we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.88 145.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 145.10 Td ( aggregate principal amount of secured debt outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (and approximately $1.4 billion of availability under our credit agreement \($1.5 billion of availability reduced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.03 133.10 Td ($71 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.42 133.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (amounts outstanding under letters of credit\). In addition, we had approximately $1.2 billion aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (unsecured debt outstanding comprising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.91 109.10 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.31 109.10 Td ( aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.54 109.10 Td (4.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.37 109.10 Td ( senior notes due May 15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.18 109.10 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.18 109.10 Td ( \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td ("U.S. Notes \(2023\)"\) an) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 145.71 104.03 58.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 145.71 97.10 Td (d 500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.60 97.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.43 97.10 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.82 97.10 Td (\) aggregate principal amount of 3.875% senior notes due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.64 97.10 Td (April1, 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.25 97.10 Td ( \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td ("Euro Notes \(2024\)," and together with the U.S. Notes \(2023\), the "senior notes"\). Borrowings under the credit agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (mature in January 2023.) 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 85.50 742.10 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 49.50 730.10 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 85.50 712.10 Td (For example, our debt and our debt service obligations could:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 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 85.50 682.10 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 67.50 664.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 664.10 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 85.50 652.10 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 85.50 640.10 Td (corporate purposes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (limit our flexibility in planning for) Tj ET Q q 0 0 0 rg BT 223.69 622.10 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 67.50 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 604.10 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 67.50 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 586.10 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 85.50 574.10 Td (our debt agreements; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 556.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 556.10 Td (increase our cost of borrowing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 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 49.50 526.10 Td (service such debt would increase.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 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 49.50 496.10 Td (of transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 478.10 Td (Although we are subject to our credit agreement for so long as it remains in ef) Tj ET Q q 0 0 0 rg BT 397.72 478.10 Td (fect, the indentures governing the senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (notes do not restrict the future incurrence of unsecured indebtedness, guarantees or other obligations. ) Tj ET Q q 0 0 0 rg BT 455.85 466.10 Td (The indentures contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (certain limitations on our ability to incur liens on assets and engage in sale and leaseback transactions. However) Tj ET Q q 0 0 0 rg BT 497.30 454.10 Td (, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (limitations are subject to important exceptions. In addition, the indentures do not contain many other restrictions, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (certain restrictions contained in our credit agreement, including, without limitation, investments or prepaying subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (indebtedness or engaging in transactions with our af) Tj ET Q q 0 0 0 rg BT 257.88 418.10 Td (filiates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 400.10 Td (Our credit agreement will permit, subject to specified conditions and limitations, the incurrence of a significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (amount of additional indebtedness. ) Tj ET Q q 0 0 0 rg BT 191.42 388.10 Td (As of December31, 2017, we would have been able to incur an additional $1.4 billion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (indebtedness under our credit agreement \($1.5 billion of availability reduced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.06 376.10 Td ($71 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.45 376.10 Td ( of amounts outstanding under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (letters of credit\). 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 49.50 352.10 Td (to service such debt would increase. If we close the acquisition of Stahlgruber) Tj ET Q q 0 0 0 rg BT 360.95 352.10 Td (, we will incur approximately $1.5 billion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (additional debt to partially fund the purchase price; this amount is subject to change, depending on factors such as Stahlgruber's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (debt at closing and the acquisition date exchange rate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (Our credit agreement imposes significant operating and financial restrictions on us and our subsidiaries, which may prevent ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (us from capitalizing on business opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 280.10 Td (Our credit agreement imposes significant operating and financial restrictions on us. ) Tj ET Q q 0 0 0 rg BT 420.77 280.10 Td (These restrictions limit our ability) Tj ET Q q 0 0 0 rg BT 556.21 280.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (among other things, to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 250.10 Td (incur) Tj ET Q q 0 0 0 rg BT 105.65 250.10 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 67.50 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 232.10 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 85.50 220.10 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 202.10 Td (incur liens on assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 184.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 184.10 Td (make certain investments or other restricted payments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.10 Td (engage in transactions with af) Tj ET Q q 0 0 0 rg BT 204.72 166.10 Td (filiates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 148.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 148.10 Td (sell certain assets or mer) Tj ET Q q 0 0 0 rg BT 183.62 148.10 Td (ge or consolidate with or into other companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 130.10 Td (guarantee indebtedness; 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 (alter the business we conduct.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 94.10 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 82.10 Td (unable to raise additional debt or equity financing to compete ef) Tj ET Q q 0 0 0 rg BT 305.34 82.10 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 70.10 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 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 433.11 70.10 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 58.10 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 46.10 Td (from the lenders and/or amend the covenants. ) Tj ET Q q 0 0 0 rg BT 234.26 46.10 Td (The failure to comply with any of these covenants would cause a default under ) 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 (the credit agreement. ) Tj ET Q q 0 0 0 rg BT 135.57 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.24 742.10 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 49.50 730.10 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 434.20 730.10 Td (ficient funds to refinance it. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 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 49.50 706.10 Td (be on terms that are not acceptable to us.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 688.10 Td (e may not be able to generate suf) Tj ET Q q 0 0 0 rg BT 192.73 688.10 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 49.50 676.10 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 88.50 658.10 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 49.50 646.10 Td (and operating performance, which are 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 49.50 634.10 Td (business and other factors beyond our control. ) Tj ET Q q 0 0 0 rg BT 236.50 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 245.13 634.10 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 49.50 622.10 Td (activities suf) Tj ET Q q 0 0 0 rg BT 100.14 622.10 Td (ficient to permit us to pay the principal, premium, if any) Tj ET Q q 0 0 0 rg BT 324.43 622.10 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 49.50 610.10 Td (capital resources are insuf) Tj ET Q q 0 0 0 rg BT 153.44 610.10 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 49.50 598.10 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 471.39 598.10 Td (These alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 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 49.50 574.10 Td (and available cash are insuf) Tj ET Q q 0 0 0 rg BT 159.82 574.10 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 49.50 562.10 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 454.76 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.40 562.10 Td (e may not be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 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 49.50 538.10 Td (adequate to meet any debt service obligations then due. ) Tj ET Q q 0 0 0 rg BT 272.76 538.10 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 49.50 526.10 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 49.50 514.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 514.10 Td (, the credit agreement and the indentures that govern our senior notes limit the use of the proceeds from certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (dispositions of our assets; as a result, our credit agreement and our senior notes may prevent us from using the proceeds from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (such dispositions to satisfy all of our debt service obligations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 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 49.50 460.10 Td (that could have a negative ef) Tj ET Q q 0 0 0 rg BT 167.36 460.10 Td (fect on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 442.10 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 49.50 430.10 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 49.50 418.10 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 49.50 406.10 Td (available or available on terms acceptable to us as a result of dif) Tj ET Q q 0 0 0 rg BT 305.33 406.10 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 49.50 394.10 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 49.50 382.10 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 49.50 370.10 Td (or strategic objectives or compete ef) Tj ET Q q 0 0 0 rg BT 194.53 370.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 228.87 370.10 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 49.50 358.10 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 49.50 346.10 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 49.50 334.10 Td (on our operations. If we refinance or restructure our debt, we may incur char) Tj ET Q q 0 0 0 rg BT 355.58 334.10 Td (ges to write of) Tj ET Q q 0 0 0 rg BT 412.88 334.10 Td (f the unamortized portion of deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (debt issuance costs from a previous financing, or we may incur char) Tj ET Q q 0 0 0 rg BT 321.45 322.10 Td (ges related to hedge inef) Tj ET Q q 0 0 0 rg BT 419.01 322.10 Td (fectiveness from our interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (swap obligations. In addition, there are restrictions in the indenture that governs the U.S. Notes \(2023\) on our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (refinance such notes prior to May 15, 2018. ) Tj ET Q q 0 0 0 rg BT 226.50 298.10 Td (There are also restrictions in the indenture that governs the Euro Notes \(2024\) on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (our ability to refinance such notes prior to January 1, 2024. If we fail to raise capital when needed, our business may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (negatively af) Tj ET Q q 0 0 0 rg BT 101.24 274.10 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 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 49.50 244.10 Td (increase significantly and could af) Tj ET Q q 0 0 0 rg BT 191.54 244.10 Td (fect the value of our senior notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 226.10 Td (Certain borrowings under our credit agreement and the borrowing under our accounts receivable securitization facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (are at variable rates of interest and expose us to interest rate risk. If interest rates increase, our debt service obligations on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (variable rate indebtedness would increase even though the amount borrowed remained the same, and our net income and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (flows, including cash available for servicing our indebtedness, would correspondingly decrease. Moreover) Tj ET Q q 0 0 0 rg BT 475.08 190.10 Td (, changes in market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (interest rates could af) Tj ET Q q 0 0 0 rg BT 135.12 178.10 Td (fect the trading value of the notes. ) Tj ET Q q 0 0 0 rg BT 273.40 178.10 Td (Assuming all revolving loans were fully drawn and no interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (swaps were in place, each one percentage point change in interest rates would result in a $36 million change in annual cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (interest expense under our credit agreement and our accounts receivable securitization facility) Tj ET Q q 0 0 0 rg BT 424.51 154.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 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 85.50 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 118.10 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 49.50 106.10 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 94.10 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 82.10 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 70.10 Td (distributions to enable us to make payments in respect of our indebtedness, including the senior notes. Each of our subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (is a distinct legal entity and, under certain circumstances, legal and contractual restrictions may limit our ability to obtain cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (from our subsidiaries and, under certain circumstances, distributions from our subsidiaries may be subject to significant taxes ) 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 (that reduce the amount of such distributions available to us. ) Tj ET Q q 0 0 0 rg BT 290.10 742.10 Td (While the indentures governing the senior notes limit the ability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (our subsidiaries to restrict the payment of dividends or make other intercompany payments to us, these limitations are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (certain qualifications and exceptions. In the event that we do not receive distributions from our subsidiaries, we may be unable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (to make required principal and interest payments on our indebtedness, including the senior notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 688.10 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 85.50 670.10 Td (Credit ratings have an important ef) Tj ET Q q 0 0 0 rg BT 225.00 670.10 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 49.50 658.10 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 49.50 646.10 Td (our industry) Tj ET Q q 0 0 0 rg BT 97.46 646.10 Td (, and their view of the general outlook for the economy) Tj ET Q q 0 0 0 rg BT 317.57 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.02 646.10 Td (Actions taken by the rating agencies can include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 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 533.37 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.01 634.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (believe our current credit ratings enhance our ability to borrow funds atfavorable rates.) Tj ET Q q 0 0 0 rg BT 403.81 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 410.48 622.10 Td ( downgrade in our current credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (rating froma rating agency couldadversely af) Tj ET Q q 0 0 0 rg BT 233.96 610.10 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 49.50 598.10 Td (funds under our creditfacilities.) Tj ET Q q 0 0 0 rg BT 179.46 598.10 Td (A) Tj ET Q q 0 0 0 rg BT 186.13 598.10 Td ( downgrade could also adversely af) Tj ET Q q 0 0 0 rg BT 327.29 598.10 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 49.50 586.10 Td (preventing a holder from selling the senior notes at a favorable price, as well as adversely af) Tj ET Q q 0 0 0 rg BT 417.79 586.10 Td (fecting our ability to issue new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (notes in the future or incur other indebtedness upon favorable terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 556.10 Td (The right to receive payments on the senior notes is ef) Tj ET Q q 0 0 0 rg BT 273.47 556.10 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 49.50 544.10 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 526.10 Td (Our obligations under our senior notes and our guarantors) Tj ET Q q 0 0 0 rg BT 319.70 526.10 Td ( obligations under their guarantees of the senior notes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (unsecured, but our and each co-borrower) Tj ET Q q 0 0 0 rg BT 213.69 514.10 Td () Tj ET Q q 0 0 0 rg BT 216.47 514.10 Td (s obligations under our credit agreement and each guarantor) Tj ET Q q 0 0 0 rg BT 456.75 514.10 Td () Tj ET Q q 0 0 0 rg BT 459.52 514.10 Td (s obligations under their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (respective guarantees of the credit agreement are secured by a security interest in substantially all of our domestic tangible and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (intangible assets, including the stock of most of our wholly-owned United States subsidiaries and the stock of certain of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (non-United States subsidiaries. If we are declared bankrupt or insolvent, or if we default under our credit agreement, the lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (could declare all of the funds borrowed thereunder) Tj ET Q q 0 0 0 rg BT 251.52 466.10 Td (, together with accrued interest, immediately due and payable. If we were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (unable to repay such indebtedness, the lenders could foreclose on the pledged assets to the exclusion of holders of our senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (notes, even if an event of default exists under the applicable indenture governing the senior notes. Furthermore, if the lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (foreclose and sell the pledged equity interests in any subsidiary guarantor under our senior notes, then that guarantor will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (released from its guarantee of the senior notes automatically and immediately upon such sale. In any such event, because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (senior notes are not secured by any of our assets or the equity interests in subsidiary guarantors, it is possible that there would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (be no assets remaining from which claims by holders of the senior notes could be satisfied or) Tj ET Q q 0 0 0 rg BT 421.23 394.10 Td (, if any assets remained, they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (might be insuf) Tj ET Q q 0 0 0 rg BT 107.09 382.10 Td (ficient to satisfy claims fully) Tj ET Q q 0 0 0 rg BT 220.86 382.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.31 382.10 Td (As of December) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 290.84 389.03 42.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 290.84 382.10 Td ( 31, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.34 382.10 Td (we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.70 382.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.81 382.10 Td ( aggregate principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (amount of secured debt outstanding and approximately $1.4 billion of availability under the credit agreement \($1.5 billion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (availability reduced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.63 358.10 Td ($71 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.02 358.10 Td ( of amounts outstanding under letters of credit\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 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 485.90 340.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.40 340.10 Td (and the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 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 49.50 316.10 Td (return payments received from us or the guarantors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.10 Td (Our direct and indirect domestic subsidiaries that are obligors under the credit agreement guarantee the obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (under our senior notes. In addition, certain subsidiaries of the issuer of the Euro Notes \(2024\) guarantee the obligations under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (the Euro Notes \(2024\). ) Tj ET Q q 0 0 0 rg BT 143.46 274.10 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 49.50 262.10 Td (review under state and federal laws if a bankruptcy) Tj ET Q q 0 0 0 rg BT 253.21 262.10 Td (, liquidation or reor) Tj ET Q q 0 0 0 rg BT 330.78 262.10 Td (ganization case or a lawsuit, including in circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (in which bankruptcy is not involved, were commenced at some future date by) Tj ET Q q 0 0 0 rg BT 359.59 250.10 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 49.50 238.10 Td (unpaid creditors of a guarantor) Tj ET Q q 0 0 0 rg BT 172.23 238.10 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 49.50 226.10 Td (fraudulent transfer laws, a court may avoid or otherwise decline to enforce the senior notes, or a guarantor) Tj ET Q q 0 0 0 rg BT 474.43 226.10 Td () Tj ET Q q 0 0 0 rg BT 477.21 226.10 Td (s guarantee, or may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (subordinate the senior notes, or such guarantee, to our or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 375.87 214.10 Td () Tj ET Q q 0 0 0 rg BT 378.65 214.10 Td (s existing and future indebtedness. ) Tj ET Q q 0 0 0 rg BT 519.00 214.10 Td (While the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (relevant laws may vary from jurisdiction to jurisdiction, a court might do so if it found that when indebtedness under the senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (notes was issued, or when the applicable guarantor entered into its guarantee, or) Tj ET Q q 0 0 0 rg BT 368.99 190.10 Td (, in some jurisdictions, when payments became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (due under the senior notes, or such guarantee, the issuer or the applicable guarantor received less than reasonably equivalent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (value or fair consideration and:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 148.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 148.10 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 67.50 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 130.10 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 67.50 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 112.10 Td (intended to incur) Tj ET Q q 0 0 0 rg BT 152.86 112.10 Td (, or believed that it would incur) Tj ET Q q 0 0 0 rg BT 278.26 112.10 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 94.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 94.10 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 82.10 Td (the senior notes or such guarantee if we or such guarantor did not substantially benefit directly or indirectly from the issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (of the senior notes. ) Tj ET Q q 0 0 0 rg BT 127.91 70.10 Td (Thus, if the guarantees were legally challenged, any guarantee could be subject to the claim that, since the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (guarantee was incurred for our benefit, and only indirectly for the benefit of the guarantor) Tj ET Q q 0 0 0 rg BT 408.12 58.10 Td (, the obligations of the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (guarantor were incurred for less than reasonably equivalent value or fair consideration. If a court were to void the issuance of ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (the senior notes or any guarantee, a holder of the senior notes would no longer have any claim against us or the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (guarantor) Tj ET Q q 0 0 0 rg BT 87.26 730.10 Td (. In the event of a finding that a fraudulent transfer or conveyance occurred, a holder of the senior notes may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (receive any repayment on the senior notes. Further) Tj ET Q q 0 0 0 rg BT 251.80 718.10 Td (, the avoidance of the senior notes could result in an event of default with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (respect to our and our subsidiaries) Tj ET Q q 0 0 0 rg BT 189.00 706.10 Td ( other debt, which could result in acceleration of that debt. ) Tj ET Q q 0 0 0 rg BT 424.57 706.10 Td (The measures of insolvency for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (purposes of these fraudulent transfer laws vary depending upon the law applied in any proceeding to determine whether a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (fraudulent transfer has occurred. Generally) Tj ET Q q 0 0 0 rg BT 220.71 682.10 Td (, however) Tj ET Q q 0 0 0 rg BT 259.74 682.10 Td (, an issuer or a guarantor) Tj ET Q q 0 0 0 rg BT 358.19 682.10 Td (, as applicable, would be considered insolvent if:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 664.10 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 67.50 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 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 85.50 634.10 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 67.50 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 616.10 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 85.50 598.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 598.10 Td ( court might also void the senior notes, or a guarantee, without regard to the above factors, if the court found that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (senior notes 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 516.71 586.10 Td (, delay or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (defraud its creditors. ) Tj ET Q q 0 0 0 rg BT 134.29 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.93 574.10 Td (e cannot give any assurance as to what standard a court would apply in determining whether we or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (guarantors 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 488.41 562.10 Td (, regardless of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (standard that a court uses, that it would not determine that we or a guarantor were indeed insolvent on that date; that any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (payments to the holders of the senior notes \(including under the guarantees\) did not constitute preferences, fraudulent transfers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (or conveyances on other grounds; or that the issuance of the senior notes and the guarantees would not be subordinated to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (or any guarantor) Tj ET Q q 0 0 0 rg BT 115.96 514.10 Td () Tj ET Q q 0 0 0 rg BT 118.73 514.10 Td (s other debt. In addition, any payment by us or a guarantor pursuant to the senior notes, or its guarantee, could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (be avoided and required to be 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 505.55 502.10 Td () Tj ET Q q 0 0 0 rg BT 508.33 502.10 Td (s creditors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (and accordingly the court might direct holders of the senior notes to repay any amounts already received from us or such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (guarantor) Tj ET Q q 0 0 0 rg BT 87.26 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 91.71 478.10 Td (Among other things, under U.S. bankruptcy law) Tj ET Q q 0 0 0 rg BT 283.53 478.10 Td (, any payment by us pursuant to the senior notes or by a guarantor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (under a guarantee made at a time we or such guarantor were found to be insolvent could be voided and required to be returned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (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 348.67 454.10 Td () Tj ET Q q 0 0 0 rg BT 351.45 454.10 Td (s creditors if such payment is made to an insider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (within a one-year period prior to a bankruptcy filing or within 90 days for any outside party and such payment would give such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (insider or outsider party more than such party would have received in a distribution under the Bankruptcy Code in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (hypothetical Chapter 7 case. ) Tj ET Q q 0 0 0 rg BT 164.74 418.10 Td (Although each guarantee contains a savings clause intended to limit the subsidiary guarantor) Tj ET Q q 0 0 0 rg BT 544.44 418.10 Td () Tj ET Q q 0 0 0 rg BT 547.21 418.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (liability to the maximum amount that it could incur without causing the incurrence of obligations under its subsidiary guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (to be a fraudulent transfer) Tj ET Q q 0 0 0 rg BT 152.39 394.10 Td (, this provision may not be ef) Tj ET Q q 0 0 0 rg BT 269.13 394.10 Td (fective as a legal matter to protect any subsidiary guarantees from being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (avoided under fraudulent transfer law) Tj ET Q q 0 0 0 rg BT 199.34 382.10 Td (. In that regard, in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.48 382.10 Td (Official Committee of Unsecur) Tj ET Q q 0 0 0 rg BT 396.15 382.10 Td (ed Cr) Tj ET Q q 0 0 0 rg BT 418.28 382.10 Td (editors of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.34 382.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.84 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 464.22 382.10 Td (OUSA, Inc. v Citicorp ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.16 370.10 Td (America, Inc) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.80 370.10 Td ( ., the United States Bankruptcy Court in the Southern District of Florida held that a savings clause similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (to the savings clause included in our indentures was unenforceable. ) Tj ET Q q 0 0 0 rg BT 320.81 358.10 Td (As a result, the subsidiary guarantees were found to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (fraudulent conveyances. ) Tj ET Q q 0 0 0 rg BT 149.00 346.10 Td (The United States Court of ) Tj ET Q q 0 0 0 rg BT 258.70 346.10 Td (Appeals for the Eleventh Circuit subsequently af) Tj ET Q q 0 0 0 rg BT 453.47 346.10 Td (firmed the liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (findings of the Bankruptcy Court without ruling directly on the enforceability of savings clauses generally) Tj ET Q q 0 0 0 rg BT 473.75 334.10 Td (. If the decision of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (bankruptcy court in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.31 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 135.69 322.10 Td (OUSA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.24 322.10 Td ( were followed by other courts, the risk that the guarantees would be deemed fraudulent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (conveyances would be significantly increased.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 292.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 292.10 Td (o the extent a court avoids the senior notes or any of the guarantees as fraudulent transfers or holds the senior notes or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (any of the guarantees unenforceable for any other reason, the holders of the senior notes would cease to have any direct claim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (against us or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 198.62 268.10 Td (. If a court were to take this action, our or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 464.16 268.10 Td () Tj ET Q q 0 0 0 rg BT 466.94 268.10 Td (s assets would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (applied first to satisfy our or the applicable guarantor) Tj ET Q q 0 0 0 rg BT 262.58 256.10 Td () Tj ET Q q 0 0 0 rg BT 265.36 256.10 Td (s other liabilities, if any) Tj ET Q q 0 0 0 rg BT 359.41 256.10 Td (, and might not be applied to the payment of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (senior notes. Suf) Tj ET Q q 0 0 0 rg BT 116.26 244.10 Td (ficient funds to repay the senior notes may not be available from other sources, including the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (guarantors, if any) Tj ET Q q 0 0 0 rg BT 119.10 232.10 Td (. In addition, the Euro Notes \(2024\) and the guarantees may be subject to avoidance under the laws of other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (foreign jurisdictions, including Italy and Czech Republic, to the extent that we, the issuer of the Euro Notes \(2024\), or any of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (the guarantors \(as applicable\) were to be the subject of an insolvency or related proceeding in such jurisdiction\(s\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (Not all of our subsidiaries have guaranteed our credit agreement or our senior notes, and the assets of our non-guarantor ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (subsidiaries may not be available to make payments on such obligations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 160.10 Td (Not all of our subsidiaries have guaranteed the credit agreement, our U.S. Notes \(2023\) or our Euro Notes \(2024\). In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (the event that any non-guarantor subsidiary becomes insolvent, liquidates, reor) Tj ET Q q 0 0 0 rg BT 364.51 148.10 Td (ganizes, dissolves or otherwise winds up, holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (of 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 49.50 124.10 Td (before any of those assets are made available to the lenders under the credit agreement or the holders of the senior notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 103.85 112.10 Td (, claims in respect of the credit agreement and the senior notes are structurally subordinated to all of the liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (of our subsidiaries that are not guarantors of such instruments, including trade payables, and any claims of third party holders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (preferred equity interests, if any) Tj ET Q q 0 0 0 rg BT 176.85 88.10 Td (, in our non-guarantor subsidiaries. For the year ended December 31, 2017, our subsidiaries that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (are not borrowers under or do not guarantee the credit agreement and our subsidiaries that do not guarantee the U.S. Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (\(2023\) represented approximately 42% and 26% of our total revenue and operating income, respectively) Tj ET Q q 0 0 0 rg BT 466.48 64.10 Td (. In addition, these non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (guarantor subsidiaries represented approximately 49% and 41% of our total assets and total liabilities, respectively) Tj ET Q q 0 0 0 rg BT 507.33 52.10 Td (, as of ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 108.08 749.03 22.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 108.08 742.10 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.58 742.10 Td (\(excluding, in each case, intercompany amounts\). ) Tj ET Q q 0 0 0 rg BT 330.79 742.10 Td (As of the same date, our subsidiaries that do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (guarantee the credit agreement or the U.S. Notes \(2023\) had approximately $1.3 billion of outstanding indebtedness \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (includes $460 million of borrowings under our revolving credit facilities by foreign subsidiaries that are borrowers under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (revolving credit facilities but that do not guarantee the U.S. Notes \(2023\)\). ) Tj ET Q q 0 0 0 rg BT 350.07 706.10 Td (The group of subsidiaries that does not guarantee the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (Euro Notes \(2024\) is similar to the group that does not guarantee the U.S. Notes \(2023\), except that, in addition to the issuer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (the Euro Notes \(2024\), there are four subsidiaries in the group that does not guarantee the U.S. Notes \(2023\) that guarantee the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (Euro Notes \(2024\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 652.10 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 488.34 652.10 Td (fer) Tj ET Q q 0 0 0 rg BT 499.45 652.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 634.10 Td (Upon a change of control, as defined in the indentures governing the senior notes, the holders of the senior notes will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (have the right to require us to of) Tj ET Q q 0 0 0 rg BT 177.89 622.10 Td (fer to purchase all of the senior notes then outstanding at a price equal to 101% of their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (principal amount plus accrued and unpaid interest. Such a change of control would also be an event of default under our credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (agreement. In order to obtain suf) Tj ET Q q 0 0 0 rg BT 180.38 598.10 Td (ficient funds to pay amounts due under the credit agreement and the purchase price of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (outstanding senior notes, we expect that we would have to refinance our indebtedness. ) Tj ET Q q 0 0 0 rg BT 397.27 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 405.91 586.10 Td (e cannot assure you that we would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (able to refinance our indebtedness on reasonable terms, if at all. Our failure to of) Tj ET Q q 0 0 0 rg BT 371.98 574.10 Td (fer to purchase all outstanding senior notes or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (to purchase all validly tendered senior notes would be an event of default under the indenture. Such an event of default may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (cause the acceleration of our other debt. Our other debt also may contain restrictions on repayment requirements with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (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 49.50 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 520.10 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 49.50 508.10 Td (all or substantially all of our assets. ) Tj ET Q q 0 0 0 rg BT 202.06 508.10 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 49.50 496.10 Td (applicable law) Tj ET Q q 0 0 0 rg BT 106.88 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.33 496.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 160.66 496.10 Td (, the ability of a holder of senior notes to require us to repurchase its senior notes as a result of a sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (of 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 49.50 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 466.10 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 49.50 454.10 Td (commence an asset sale of) Tj ET Q q 0 0 0 rg BT 155.38 454.10 Td (fer) Tj ET Q q 0 0 0 rg BT 166.08 454.10 Td (, as defined in the indentures governing the senior notes, pursuant to which we will be obligated to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (purchase certain senior notes at a price equal to 100% of their principal amount plus accrued and unpaid interest with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (proceeds we receive from certain asset sales. Our other debt may contain restrictions that would limit or prohibit us from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (completing any such asset sale of) Tj ET Q q 0 0 0 rg BT 182.89 418.10 Td (fer) Tj ET Q q 0 0 0 rg BT 193.44 418.10 Td (. In particular) Tj ET Q q 0 0 0 rg BT 247.18 418.10 Td (, our credit agreement contains provisions that require us, upon the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (certain assets, to apply all of the proceeds from such asset sale to the prepayment of amounts due under the credit agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (The mandatory prepayment obligations under the credit agreement will be ef) Tj ET Q q 0 0 0 rg BT 356.43 394.10 Td (fectively senior to our obligations to make an asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (sale of) Tj ET Q q 0 0 0 rg BT 75.70 382.10 Td (fer with respect to the senior notes under the terms of the indentures governing the senior notes. Our failure to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (any such senior notes when required under the indentures would be an event of default under the indentures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 352.10 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 49.50 340.10 Td (default has occurred and is continuing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 322.10 Td (Many of the covenants in the indentures governing the senior notes will be suspended if the senior notes are rated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (investment grade by Standard& Poor) Tj ET Q q 0 0 0 rg BT 200.68 310.10 Td () Tj ET Q q 0 0 0 rg BT 203.46 310.10 Td (s and Moody) Tj ET Q q 0 0 0 rg BT 258.46 310.10 Td (s provided at such time no default or event of default has occurred and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (continuing, including those covenants that restrict, among other things, our ability to pay dividends, incur liens and to enter into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (certain other transactions. ) Tj ET Q q 0 0 0 rg BT 154.83 286.10 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 527.62 286.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (suspension of these covenants would allow us to engage in certain transactions that would not be permitted while these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (covenants were in force \(although provisions under our other debt, like the credit agreement, may continue to restrict us from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (engaging in these transactions\), and the ef) Tj ET Q q 0 0 0 rg BT 217.32 250.10 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 49.50 238.10 Td (notes are subsequently downgraded below investment grade.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 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 49.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 202.10 Td (The liquidity of any trading market in the senior notes, and the market price quoted for the senior notes, may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 97.90 190.10 Td (fected by changes in the overall market for these types of securities, changes in interest rates, changes in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (ratings, and 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 540.64 178.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 160.10 Td (e rely on an accounts receivable securitization program for a portion of our liquidity) Tj ET Q q 0 0 0 rg BT 404.23 160.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 142.10 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 49.50 130.10 Td (vehicle and receive funding through the commercial paper market.) Tj ET Q q 0 0 0 rg BT 318.09 130.10 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 49.50 118.10 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 49.50 106.10 Td (could rise, or credit could be unavailable altogether) Tj ET Q q 0 0 0 rg BT 254.42 106.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (ITEM1B. ) Tj ET Q q 0 0 0 rg BT 122.00 76.10 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 169.43 76.10 Td (VED ST) Tj ET Q q 0 0 0 rg BT 204.53 76.10 Td (AFF) Tj ET Q q 0 0 0 rg BT 223.60 76.10 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (None.) 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 50.00 742.25 Td (ITEM2. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (PROPER) Tj ET Q q 0 0 0 rg BT 162.76 742.25 Td (TIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (Our properties are described in Item1 of this ) Tj ET Q q 0 0 0 rg BT 267.89 724.25 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 50.00 712.25 Td (reference into this Item2. Our properties are suf) Tj ET Q q 0 0 0 rg BT 242.80 712.25 Td (ficient to meet our present needs, and we do not anticipate any dif) Tj ET Q q 0 0 0 rg BT 506.14 712.25 Td (ficulty in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (securing additional space to conduct operations or additional of) Tj ET Q q 0 0 0 rg BT 303.63 700.25 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 50.00 670.25 Td (ITEM3. ) Tj ET Q q 0 0 0 rg BT 122.00 670.25 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 156.46 670.25 Td ( PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 652.25 Td (e are from time to time subject to various claims and lawsuits incidental to our business. In the opinion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (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 530.78 640.25 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (our financial position, results of operations or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (ITEM4. ) Tj ET Q q 0 0 0 rg BT 122.00 598.25 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 190.80 598.25 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.25 Td (Not applicable.) 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 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 1 1 1 rg /GS0 gs 50.00 689.18 78.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 682.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 682.25 Td (, there were 19 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 (2017) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 615.42 Td (41.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 615.42 Td (35.78) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 600.42 Td (36.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 600.42 Td (31.17) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 585.42 Td (33.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 585.42 Td (27.85) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 570.42 Td (33.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 570.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 570.42 Td (29.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 555.43 Td (2016) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 540.42 Td (35.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 540.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 540.42 Td (29.57) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 525.42 Td (36.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 525.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 525.42 Td (31.18) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 510.42 Td (34.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 510.42 Td (29.37) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 495.42 Td (32.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 495.42 Td (23.95) 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, 2017 was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.87 413.25 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.98 413.25 Td (.) Tj ET Q q 0 0 0 rg BT 337.80 413.25 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 In) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 176.52 378.18 350.87 -9.09 re f /GS0 gs q 0 0 0 rg BT 176.52 371.25 Td (dex \("S&P) Tj ET Q q 0 0 0 rg BT 219.40 371.25 Td ( 500 Index"\) and the following group of peer companies \(the "Peer Group"\): ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 366.18 448.39 -9.09 re f /GS0 gs 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 1 1 1 rg /GS0 gs 498.39 366.18 58.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 498.39 359.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 354.18 20.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 347.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 70.00 354.18 61.66 -9.09 re f /GS0 gs q 0 0 0 rg BT 70.00 347.25 Td ( and ending on ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 131.66 354.18 78.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 131.66 347.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 210.24 354.18 125.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 210.24 347.25 Td ( \(which was the last day of our ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 335.76 354.18 20.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 335.76 347.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 355.76 354.18 194.17 -9.09 re f /GS0 gs q 0 0 0 rg BT 355.76 347.25 Td ( fiscal year\). ) Tj ET Q q 0 0 0 rg BT 407.77 347.25 Td (The stock price performance in the ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 342.18 512.97 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 335.25 Td (graph is not necessarily indicative of future stock price performance. ) Tj ET Q q 0 0 0 rg BT 327.21 335.25 Td (The graph assumes that the value of an investment in each ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 330.18 347.77 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 323.25 Td (of the Company's common stock, the S&P) Tj ET Q q 0 0 0 rg BT 219.48 323.25 Td ( 500 Index and the Peer Group was $100 on ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 397.77 330.18 78.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 397.77 323.25 Td (December31, 2012) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 476.36 330.18 49.43 -9.09 re f /GS0 gs q 0 0 0 rg BT 476.36 323.25 Td ( and that all ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 318.18 38.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 311.25 Td (dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.89 311.25 Td (, where applicable, were reinvested.) Tj ET Q 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 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 164.35 730.25 Td (Among LKQ Corporation, the S&P) Tj ET Q q 0 0 0 rg BT 316.30 730.25 Td ( 500 Index and the Peer) Tj ET Q q 0 0 0 rg BT 416.95 730.25 Td ( Gr) Tj ET Q q 0 0 0 rg BT 431.48 730.25 Td (oup ) Tj ET Q /GS0 gs q 480.00 0 0 365.00 66.00 342.25 cm /I20 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 269.75 327.98 Td (12/31/2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 327.98 Td (12/31/2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.75 327.98 Td (12/31/2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 327.98 Td (12/31/2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.75 327.98 Td (12/31/2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 327.98 Td (12/31/2017) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 313.42 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 313.42 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 313.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 313.42 Td (145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 313.42 Td (193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 298.42 Td (S&P) Tj ET Q q 0 0 0 rg BT 70.72 298.42 Td ( 500 Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 298.42 Td ($) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 298.42 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 298.42 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 298.42 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 298.42 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 298.42 Td (207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 283.42 Td (Peer Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 283.42 Td ($) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 283.42 Td (122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 283.42 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 283.42 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 283.42 Td (169) 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 (171) 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 (2017) 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 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 (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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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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 210.5 380.75 m 277.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 380.75 m 277.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 360.75 m 277.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 358.75 m 277.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 380.75 m 348.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 360.75 m 348.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 358.75 m 348.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 380.75 m 419.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 360.75 m 419.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 358.75 m 419.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 380.75 m 490.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 360.75 m 490.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 358.75 m 490.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 380.75 m 561.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 360.75 m 561.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 358.75 m 561.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 294.75 m 277.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 294.75 m 348.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 294.75 m 419.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 294.75 m 490.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 294.75 m 561.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 294.75 m 277.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 294.75 m 348.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 254.75 m 277.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 254.75 m 277.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 230.75 m 277.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 228.75 m 277.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 254.75 m 348.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 230.75 m 348.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 228.75 m 348.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 254.75 m 419.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 230.75 m 419.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 228.75 m 419.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 254.75 m 490.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 230.75 m 490.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 228.75 m 490.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 254.75 m 561.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 230.75 m 561.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 228.75 m 561.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 164.75 m 277.5 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 164.75 m 348.5 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 164.75 m 419.5 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 164.75 m 490.5 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 164.75 m 561.5 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 124.75 m 277.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 124.75 m 277.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 100.75 m 277.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 98.75 m 277.5 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 124.75 m 348.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 100.75 m 348.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 98.75 m 348.5 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 124.75 m 419.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 100.75 m 419.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 98.75 m 419.5 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 124.75 m 490.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 100.75 m 490.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 98.75 m 490.5 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 124.75 m 561.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 100.75 m 561.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 98.75 m 561.5 98.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.20 674.98 Td (Y) Tj ET Q q 0 0 0 rg BT 346.53 674.98 Td (ear) Tj ET Q q 0 0 0 rg BT 357.12 674.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 417.85 674.98 Td ( 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 662.00 Td (\(in thousands, except per shar) Tj ET Q q 0 0 0 rg BT 148.36 662.00 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.50 661.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.50 661.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 661.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 661.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 661.98 Td (2013) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 621.42 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 621.42 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 621.42 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 621.42 Td (6,740,064) 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 (5,062,528) 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 (5,937,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 606.42 Td (5,232,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 606.42 Td (4,359,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 606.42 Td (4,088,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 606.42 Td (2,987,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 591.42 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 93.29 591.42 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 591.42 Td (3,799,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 591.42 Td (3,351,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 591.42 Td (2,833,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 591.42 Td (2,651,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 591.42 Td (2,075,402) 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 (847,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 576.42 Td (763,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 576.42 Td (704,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 576.42 Td (649,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 576.42 Td (530,180) 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 241.15 546.42 Td (101,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 546.42 Td (88,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 546.42 Td (57,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 546.42 Td (64,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 546.42 Td (51,184) 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 242.80 531.42 Td (\(20,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 531.47 Td (\(2,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 531.47 Td (\(2,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 531.47 Td (\(2,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 531.42 Td (3,169) 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 (766,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 506.42 Td (677,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 506.42 Td (649,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 506.42 Td (587,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 506.42 Td (475,827) 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 (235,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 491.42 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 491.42 Td (219,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 491.42 Td (204,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 491.42 Td (164,204) 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 251.15 466.42 Td (5,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.30 466.47 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 466.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 466.47 Td (\(6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 466.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 466.47 Td (\(2,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 466.42 Td (\)) 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 (536,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 451.42 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 451.42 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 451.42 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 451.42 Td (31) Tj ET Q q 0 0 0 rg BT 535.15 451.42 Td (1,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.42 Td (Net \(loss\) income from discontinued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 426.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.80 426.42 Td (\(6,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 426.42 Td (7,852) 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 241.15 411.42 Td (530,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 411.42 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 411.42 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 411.42 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 411.42 Td (31) Tj ET Q q 0 0 0 rg BT 535.15 411.42 Td (1,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 395.42 Td (Less: net loss attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 385.42 Td (noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.80 385.42 Td (\(3,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 385.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 385.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 385.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 385.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 385.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 371.32 Td (Net income attributable to LKQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 361.37 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 364.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 364.42 Td (533,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 364.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 364.42 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 364.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 364.42 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 364.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 364.42 Td (381,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 364.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 364.42 Td (31) Tj ET Q q 0 0 0 rg BT 535.15 364.42 Td (1,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.42 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 154.74 353.95 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 334.42 Td (Income from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 324.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 324.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 324.42 Td (1.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 324.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 324.42 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 324.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 324.42 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 324.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 324.42 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 324.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 324.42 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 309.42 Td (Net \(loss\) income from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 299.42 Td (discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 299.42 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 299.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 299.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 299.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 299.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 299.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 284.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 284.42 Td (1.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 284.42 Td (1.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 284.42 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 284.42 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 284.42 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 269.42 Td (Less: net loss attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 259.42 Td (noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 259.42 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 259.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 259.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 259.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 259.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 259.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 244.42 Td (Net income attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 234.42 Td (LKQ stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 234.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 234.42 Td (1.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 234.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 234.42 Td (1.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 234.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 234.42 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 234.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 234.42 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 234.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 234.42 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 219.42 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 162.52 223.95 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 204.42 Td (Income from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 194.42 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 194.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 194.42 Td (1.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 194.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 194.42 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 194.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 194.42 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 194.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 194.42 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 194.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 194.42 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 179.42 Td (Net \(loss\) income from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 169.42 Td (discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 169.42 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 169.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 169.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 169.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 169.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 169.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 154.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 154.42 Td (1.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 154.42 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 154.42 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 154.42 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 154.42 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 139.42 Td (Less: net loss attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 129.42 Td (noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 129.42 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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ET q 0 0 0 rg BT 341.20 737.73 Td (Y) Tj ET Q q 0 0 0 rg BT 346.53 737.73 Td (ear) Tj ET Q q 0 0 0 rg BT 357.12 737.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 417.85 737.73 Td ( 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.50 724.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 724.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 724.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 724.73 Td (2013) 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) Tj ET Q q 0 0 0 rg BT 77.46 697.18 Td ( 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 q 0 0 0 rg BT 213.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 672.17 Td (518,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 672.17 Td (635,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 672.17 Td (544,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 672.17 Td (388,71) Tj ET Q q 0 0 0 rg BT 481.65 672.17 Td (1) 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 (446,404) 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 237.80 657.17 Td (\(384,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.30 657.22 Td (\(1,709,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 657.22 Td (\(329,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.80 657.22 Td (\(920,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 657.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 657.22 Td (\(505,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 657.17 Td (\)) 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 q 0 0 0 rg BT 237.80 632.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 246.13 632.17 Td (12,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 632.17 Td (1,225,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 632.22 Td (\(238,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 632.17 Td (501,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 632.17 Td (147,593) 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 (179,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 617.17 Td (207,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 617.17 Td (170,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 617.17 Td (140,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 617.17 Td (90,186) 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 241.15 592.17 Td (513,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 592.17 Td (1,349,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 592.17 Td (160,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 592.17 Td (775,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 592.17 Td (408,384) 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 (230,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 577.17 Td (206,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 577.17 Td (128,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 577.17 Td (125,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 577.17 Td (86,463) 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 (T) Tj ET Q q 0 0 0 rg BT 57.76 548.17 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 548.17 Td (9,366,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 548.17 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 548.17 Td (5,647,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 548.17 Td (5,475,739) 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 (4,438,058) 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 (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 533.17 Td (2,499,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 533.17 Td (2,045,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 533.17 Td (1,588,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 533.17 Td (1,491,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 533.17 Td (1,062,926) 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 (3,403,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 508.17 Td (3,341,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 508.17 Td (1,584,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 508.17 Td (1,846,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 508.17 Td (1,287,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 493.17 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 493.17 Td (otal Company stockholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 493.17 Td (4,198,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 493.17 Td (3,442,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 493.17 Td (3,1) Tj ET Q q 0 0 0 rg BT 388.15 493.17 Td (14,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 493.17 Td (2,720,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 493.17 Td (2,350,745) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 471.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 471.00 Td (I) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 89.33 477.93 139.69 -9.09 re f /GS0 gs q 0 0 0 rg BT 89.33 471.00 Td (ncludes the results of operations of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.02 471.00 Td ( 26) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 241.52 477.93 235.22 -9.09 re f /GS0 gs q 0 0 0 rg BT 241.52 471.00 Td ( businesses from their respective acquisition dates in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.74 471.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 453.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 453.00 Td (Includes the results o) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 170.70 459.93 368.87 -9.09 re f /GS0 gs q 0 0 0 rg BT 170.70 453.00 Td (f operations of: \(i\) Rhiag, from its acquisition ef) Tj ET Q q 0 0 0 rg BT 362.98 453.00 Td (fective March 18, 2016; \(ii\) the aftermarket ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 86.00 447.93 445.40 -9.09 re f /GS0 gs q 0 0 0 rg BT 86.00 441.00 Td (automotive glass distribution business of Pittsbur) Tj ET Q q 0 0 0 rg BT 282.76 441.00 Td (gh Glass ) Tj ET Q q 0 0 0 rg BT 319.80 441.00 Td (W) Tj ET Q q 0 0 0 rg BT 328.44 441.00 Td (orks LLC \("PGW) Tj ET Q q 0 0 0 rg BT 399.00 441.00 Td ( autoglass"\), from its acquisition ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 86.00 435.93 403.33 -9.09 re f /GS0 gs q 0 0 0 rg BT 86.00 429.00 Td (ef) Tj ET Q q 0 0 0 rg BT 93.59 429.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 122.74 429.00 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 1 1 1 rg /GS0 gs 68.00 417.93 408.74 -9.09 re f /GS0 gs q 0 0 0 rg BT 68.00 411.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 411.00 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 1 1 1 rg /GS0 gs 68.00 399.93 444.09 -9.09 re f /GS0 gs q 0 0 0 rg BT 68.00 393.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 393.00 Td (Includes the results of operations of Keystone Specialty from its acquisition ef) Tj ET Q q 0 0 0 rg BT 399.35 393.00 Td (fective January 3, 2014 and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 512.09 399.93 10.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 512.09 393.00 Td (22) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 522.09 399.93 25.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 522.09 393.00 Td ( other ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 86.00 387.93 232.72 -9.09 re f /GS0 gs q 0 0 0 rg BT 86.00 381.00 Td (businesses from their respective acquisition dates in 2014.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 68.00 369.93 374.95 -9.09 re f /GS0 gs q 0 0 0 rg BT 68.00 363.00 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 86.00 363.00 Td (Includes the results of operations of Sator from its acquisition ef) Tj ET Q q 0 0 0 rg BT 342.98 363.00 Td (fective May 1, 2013 and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 442.95 369.93 10.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 442.95 363.00 Td (19) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 452.95 369.93 92.21 -9.09 re f /GS0 gs q 0 0 0 rg BT 452.95 363.00 Td ( other businesses from ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 86.00 357.93 168.56 -9.09 re f /GS0 gs q 0 0 0 rg BT 86.00 351.00 Td (their respective acquisition dates in 2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 333.00 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 86.00 333.00 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 68.00 315.00 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 86.00 315.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 315.00 Td (orking capital amounts exclude assets and liabilities of discontinued operations.) 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 /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 and specialty products and accessories to improve the performance, functionality and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (appearance of vehicles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.25 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 50.00 640.25 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 50.00 628.25 Td (are referred to as aftermarket products; recycled products obtained from salvage vehicles; used products that have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (refurbished; and used products that have been remanufactured. ) Tj ET Q q 0 0 0 rg BT 303.33 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 311.97 616.25 Td (e distribute a variety of products to collision and mechanical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (repair shops, including aftermarket collision and mechanical products; recycled collision and mechanical products; refurbished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (collision products such as wheels, bumper covers and lights; and remanufactured engines. Collectively) Tj ET Q q 0 0 0 rg BT 460.35 592.25 Td (, we refer to the four ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (sources that are not new OEM products as alternative parts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 562.25 Td (e are a leading provider of alternative vehicle collision replacement products and alternative vehicle mechanical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (replacement products, with our sales, processing, and distribution facilities reaching most major markets in the United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (and Canada. ) Tj ET Q q 0 0 0 rg BT 101.74 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 110.38 538.25 Td (e are also a leading provider of alternative vehicle replacement and maintenance products in Europe. In addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (to our wholesale operations, we operate self service retail facilities across the U.S. that sell recycled automotive products from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (end-of-life-vehicles. ) Tj ET Q q 0 0 0 rg BT 133.67 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.30 514.25 Td (e are also a leading distributor of specialty vehicle aftermarket equipment and accessories reaching most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (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 (W) Tj ET Q q 0 0 0 rg BT 94.64 484.25 Td (e are or) Tj ET Q q 0 0 0 rg BT 124.43 484.25 Td (ganized into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.08 484.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.74 484.25 Td ( operating segments: ) Tj ET Q q 0 0 0 rg BT 277.82 484.25 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 355.30 484.25 Td (America; Europe; Specialty and Self Service. ) Tj ET Q q 0 0 0 rg BT 539.22 484.25 Td (W) Tj ET Q q 0 0 0 rg BT 547.86 484.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (aggregate our ) Tj ET Q q 0 0 0 rg BT 107.01 472.25 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 184.49 472.25 Td (America and Self Service operating segments into one reportable segment, North ) Tj ET Q q 0 0 0 rg BT 511.06 472.25 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (resulting in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.77 460.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.76 460.25 Td ( reportable segments: North ) Tj ET Q q 0 0 0 rg BT 231.06 460.25 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 355.37 460.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.25 Td (Our operating results have fluctuated on a quarterly and annual basis in the past and can be expected to continue to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (fluctuate in the future as a result of a number of factors, some of which are beyond our control. Please refer to the factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (discussed in Forward-Looking Statements in Part I, Item 1 and Risk Factors in Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 426.06 418.25 Td ( of this ) Tj ET Q q 0 0 0 rg BT 455.79 418.25 Td (Annual Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (10-K. Due to these factors and others, which may be unknown to us at this time, our operating results in future periods can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (expected to fluctuate. ) Tj ET Q q 0 0 0 rg BT 137.74 394.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 187.08 394.25 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 50.00 376.25 Td (Acquisitions and Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (Since our inception in 1998, we have pursued a growth strategy through both or) Tj ET Q q 0 0 0 rg BT 405.19 358.25 Td (ganic growth and acquisitions. ) Tj ET Q q 0 0 0 rg BT 529.71 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 538.35 358.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (have pursued acquisitions that we believe will help drive profitability) Tj ET Q q 0 0 0 rg BT 326.78 346.25 Td (, cash flow and stockholder value. ) Tj ET Q q 0 0 0 rg BT 465.44 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 474.08 346.25 Td (e tar) Tj ET Q q 0 0 0 rg BT 491.39 346.25 Td (get companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (that are market leaders, will expand our geographic presence and will enhance our ability to provide a wide array of vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (products to our customers through our distribution network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 304.25 Td (On July 3, 2017, we acquired four aftermarket parts distribution businesses in Belgium. ) Tj ET Q q 0 0 0 rg BT 438.53 304.25 Td (The objective of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (acquisitions is to transform the existing three-step distribution model in Belgium to a two-step distribution model to align with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (our Netherlands operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (On November 1, 2017, we acquired ) Tj ET Q q 0 0 0 rg BT 231.33 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 239.97 262.25 Td (arn Industries, Inc. \("W) Tj ET Q q 0 0 0 rg BT 333.50 262.25 Td (arn"\), a leading designer) Tj ET Q q 0 0 0 rg BT 431.02 262.25 Td (, manufacturer and marketer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (high performance vehicle equipment and accessories. ) Tj ET Q q 0 0 0 rg BT 266.12 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 274.76 250.25 Td (e expect the acquisition of ) Tj ET Q q 0 0 0 rg BT 382.04 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.67 250.25 Td (arn to expand LKQ's presence in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (specialty market and create viable points of entry into related markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.25 Td (In addition to theaftermarket parts distribution businesses acquired in Belgium and the acquisition of ) Tj ET Q q 0 0 0 rg BT 493.78 220.25 Td (W) Tj ET Q q 0 0 0 rg BT 502.42 220.25 Td (arn, during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (theyear ended December 31, 2017, we completed21acquisitions, including6wholesale businesses in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (America,12wholesale businesses in Europe and 3 Specialty vehicle aftermarket businesses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.25 Td (On December 10, 2017, LKQ and its wholly-owned subsidiary LKQ German Holdings GmbH entered into an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (agreement to acquire Stahlgruber) Tj ET Q q 0 0 0 rg BT 182.60 166.25 Td (, a leading European wholesale distributor of aftermarket spare parts for passenger cars, tools, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (capital equipment and accessories with operations inGermany) Tj ET Q q 0 0 0 rg BT 299.55 154.25 Td (,) Tj ET Q q 0 0 0 rg BT 303.99 154.25 Td (Austria, Czech Republic,Italy) Tj ET Q q 0 0 0 rg BT 424.70 154.25 Td (,Slovenia, andCroatiawith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (further sales toSwitzerland.) Tj ET Q q 0 0 0 rg BT 164.51 142.25 Td (The transaction is expected to be completed in the first half of 2018 and is subject to regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (approvals. ) Tj ET Q q 0 0 0 rg BT 93.70 130.25 Td (This acquisition will expand LKQ's geographic presence in continental Europe and serve as an additional strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (hub for our European operations. In addition, we believe this acquisition will allow for continued improvement in procurement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (logistics and infrastructure optimization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 88.25 Td (On March 18, 2016, we 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 76.25 Td (vehicles in Italy) Tj ET Q q 0 0 0 rg BT 113.22 76.25 Td (, Czech Republic, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 273.91 76.25 Td (, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain. ) Tj ET Q q 0 0 0 rg BT 511.46 76.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 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 52.25 Td (procurement syner) Tj ET Q q 0 0 0 rg BT 124.51 52.25 Td (gies in our Europe segment.) 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 ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 742.10 Td (April 21, 2016, we acquired PGW) Tj ET Q q 0 0 0 rg BT 236.17 742.10 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 50.00 730.10 Td (PGW) Tj ET Q q 0 0 0 rg BT 75.00 730.10 Td (s business comprised aftermarket automotive replacement glass distribution services and automotive glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (manufacturing. On March 1, 2017, we sold the automotive glass manufacturing component of PGW) Tj ET Q q 0 0 0 rg BT 449.55 718.10 Td (. Unless otherwise noted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the discussion related to PGW) Tj ET Q q 0 0 0 rg BT 170.91 706.10 Td ( throughout Part II, Item 7 of this annual report on Form 10-K refers to the aftermarket glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (distribution operations of PGW) Tj ET Q q 0 0 0 rg BT 174.90 694.10 Td (, PGW) Tj ET Q q 0 0 0 rg BT 201.94 694.10 Td ( autoglass, which is included within continuing operations. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.63 694.10 Td (Note 3, "Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 682.10 Td (" in Item 8 of this annual report on Form 10-K for further information related to our discontinued operations. ) Tj ET Q q 0 0 0 rg BT 531.56 682.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (acquisition of PGW) Tj ET Q q 0 0 0 rg BT 129.25 670.10 Td ( autoglass expanded our addressable market in North ) Tj ET Q q 0 0 0 rg BT 343.08 670.10 Td (America. ) Tj ET Q q 0 0 0 rg BT 381.95 670.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 431.86 670.10 Td (, we believe the acquisition will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (create potential distribution syner) Tj ET Q q 0 0 0 rg BT 183.95 658.10 Td (gies with our existing network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (In October 2016, we acquired substantially all of the business assets of ) Tj ET Q q 0 0 0 rg BT 371.21 640.10 Td (Andrew Page Limited \("Andrew Page"\), a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (distributor of aftermarket automotive parts in the United Kingdom. ) Tj ET Q q 0 0 0 rg BT 320.31 628.10 Td (The U.K. Competition and Markets ) Tj ET Q q 0 0 0 rg BT 464.46 628.10 Td (Authority \("CMA"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (concluded its review of this acquisition on October 31, 2017 and determined that we must divest less than 10% of the acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (locations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (In addition to our acquisitions of Rhiag, PGW) Tj ET Q q 0 0 0 rg BT 270.24 586.10 Td ( autoglass, and ) Tj ET Q q 0 0 0 rg BT 331.35 586.10 Td (Andrew Page, we acquiredsevenwholesale businesses in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Europe andfivewholesale businesses in North ) Tj ET Q q 0 0 0 rg BT 239.13 574.10 Td (America during theyear endedDecember31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td (On December 1, 2016, we acquired a 26.5% equity interest in Mekonomen ) Tj ET Q q 0 0 0 rg BT 387.86 556.10 Td (AB \("Mekonomen"\), the leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (independent car parts and service chain in the Nordic region of Europe, of) Tj ET Q q 0 0 0 rg BT 346.09 544.10 Td (fering a wide range of quality products including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (spare parts and accessories for cars, and workshop services for consumers and businesses. ) Tj ET Q q 0 0 0 rg BT 412.21 532.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.84 532.10 Td (e are accounting for our interest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 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 50.00 508.10 Td (not control, over the investee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (During the year ended December 31, 2015, we completed18acquisitions, including4wholesale businessesin North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (America and12wholesale 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 50.00 466.10 Td (Our wholesale business acquisitions in North ) Tj ET Q q 0 0 0 rg BT 232.76 466.10 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 50.00 454.10 Td (parts distributor) Tj ET Q q 0 0 0 rg BT 113.05 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 117.87 454.10 Td (The specialty aftermarket business acquired was ) Tj ET Q q 0 0 0 rg BT 313.73 454.10 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 50.00 442.10 Td (replacement parts, supplies and accessories for the recreational vehicle \("R) Tj ET Q q 0 0 0 rg BT 348.71 442.10 Td (V"\) and outdoor recreation markets. Our European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (acquisitions included1) Tj ET Q q 0 0 0 rg BT 141.84 430.10 Td (1aftermarket parts distribution businesses in the Netherlands,9of which were former customers of and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (distributors for our Netherlands subsidiary) Tj ET Q q 0 0 0 rg BT 219.32 418.10 Td (, Sator) Tj ET Q q 0 0 0 rg BT 245.03 418.10 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 50.00 406.10 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 86.00 388.10 Td (SeeNote 2, "Business Combinations" to theconsolidated financial statements in Part II, Item8 of this ) Tj ET Q q 0 0 0 rg BT 496.04 388.10 Td (Annual Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (on Form 10-K for additional information related to our acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 70.38 358.10 Td (ces of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 340.10 Td (e report our revenue in two categories: \(i\)parts and services and \(ii\)other) Tj ET Q q 0 0 0 rg BT 388.69 340.10 Td (. Our parts revenue is generated from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (sale of vehicle products including \(i\)aftermarket, other new and refurbished products and \(ii\)recycled, remanufactured and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (related products. Our service revenue is generated primarily from the sale of extended warranties, fees for admission to our self ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (service yards, and processing fees related to the secure disposal of vehicles. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.43 304.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.02 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 446.52 311.03 78.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 446.52 304.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 304.10 Td (, parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (and services revenue represented approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.63 292.10 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.96 292.10 Td ( of our consolidated revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 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 50.00 262.10 Td (and mechanical repair shops. In our North ) Tj ET Q q 0 0 0 rg BT 220.50 262.10 Td (America segment, our vehicle replacement products include sheet metal crash parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (such as doors, hoods, and fenders; bumper covers; head and tail lamps; automotive glass products such as windshields; mirrors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (and grills; wheels; and lar) Tj ET Q q 0 0 0 rg BT 153.13 238.10 Td (ge mechanical items such as engines and transmissions.In our Europe segment, our products include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (a wide variety of small mechanical products such as filters, belts and hoses, sparkplugs, alternators and water pumps, batteries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (suspension and brake parts, clutches, and oil andlubricants.) Tj ET Q q 0 0 0 rg BT 291.43 214.10 Td (The demand for these products is influenced by several factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (including the number of vehicles in operation, the number of miles being driven, the frequency and severity of vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (accidents, the age profile of vehicles in accidents, seasonal weather patterns and local weather conditions, and the availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and pricing of new OEM parts. ) Tj ET Q q 0 0 0 rg BT 176.73 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 185.77 178.10 Td (ith respect to collision related products, automobile insurers exert significant influence over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (collision repair shops as to how an insured vehicle is repaired and the cost level of the products used in the repair process. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 154.10 Td (, we consider automobile insurers to be key demand drivers of our vehicle replacement products in North ) Tj ET Q q 0 0 0 rg BT 521.99 154.10 Td (America. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (While they are not our direct customers, we do provide insurance carriers services in an ef) Tj ET Q q 0 0 0 rg BT 410.79 142.10 Td (fort to promote the increased usage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (of alternative replacement products in the repair process. Such services include the review of vehicle repair order estimates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (direct quotation services to insurance company adjusters and an aftermarket parts quality and service assurance program. ) Tj ET Q q 0 0 0 rg BT 536.03 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 544.66 118.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (neither char) Tj ET Q q 0 0 0 rg BT 97.29 106.10 Td (ge a fee to the insurance carriers for these services nor adjust our pricing to our customers when we perform these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (services for insurance carriers. ) Tj ET Q q 0 0 0 rg BT 174.48 94.10 Td (There is no standard price for many of our vehicle replacement products, but rather a pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (structure that varies from day to day based upon such factors as new OEM product prices, product availability) Tj ET Q q 0 0 0 rg BT 489.78 82.10 Td (, quality) Tj ET Q q 0 0 0 rg BT 521.90 82.10 Td (, demand, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (the age and mileage of the vehicle from which the part was obtained \(in the case of recycled products\), competitor pricing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (our product cost.) 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 (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 50.00 730.10 Td (specialty aftermarket vehicle equipment and accessories. ) Tj ET Q q 0 0 0 rg BT 279.44 730.10 Td (These products are primarily sold to a lar) Tj ET Q q 0 0 0 rg BT 443.93 730.10 Td (ge customer base of specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (products are typically installed on vehicles within the first three years of ownership to enhance functionality) Tj ET Q q 0 0 0 rg BT 481.72 706.10 Td (, performance or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (aesthetics. ) Tj ET Q q 0 0 0 rg BT 93.32 694.10 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 50.00 682.10 Td (health of vehicle owners, which may be af) Tj ET Q q 0 0 0 rg BT 219.20 682.10 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 50.00 670.10 Td (and other matters that influence consumer confidence and spending. ) Tj ET Q q 0 0 0 rg BT 324.72 670.10 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 50.00 658.10 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 50.00 646.10 Td (promotions that we may of) Tj ET Q q 0 0 0 rg BT 157.58 646.10 Td (fer from time to time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 117.11 635.03 43.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 117.11 628.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 160.69 635.03 2.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 160.69 628.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 163.19 635.03 78.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 163.19 628.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 241.78 635.03 12.77 -9.09 re f /GS0 gs q 0 0 0 rg BT 241.78 628.10 Td (, re) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.54 628.10 Td (venue from other sources represented approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.24 628.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.57 628.10 Td ( of our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 74.26 616.10 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 50.00 604.10 Td (ingots and sows from our furnace operations. ) Tj ET Q q 0 0 0 rg BT 233.11 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 241.75 604.10 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 50.00 592.10 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 50.00 580.10 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 50.00 568.10 Td (prices and the volume of materials sold.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Cost of Goods Sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 532.10 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 50.00 520.10 Td (related to the purchasing, warehousing and distribution of our inventory) Tj ET Q q 0 0 0 rg BT 337.06 520.10 Td (, including labor) Tj ET Q q 0 0 0 rg BT 402.48 520.10 Td (, facility and equipment costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 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 50.00 496.10 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 489.17 496.10 Td (, facility and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 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 86.00 466.10 Td (For recycled products, our cost of goods sold 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 50.00 454.10 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 50.00 442.10 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 50.00 430.10 Td (as total losses by insurance companies, the production level of new vehicles \(which provides the source from which salvage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (vehicles ultimately come\), 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 50.00 406.10 Td (vehicles. From time to time, we may also adjust our buying strategy to tar) Tj ET Q q 0 0 0 rg BT 345.04 406.10 Td (get vehicles with dif) Tj ET Q q 0 0 0 rg BT 426.23 406.10 Td (ferent attributes \(for example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (age, level of damage, and revenue potential\). 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 50.00 382.10 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 50.00 370.10 Td (dismantle such vehicles. Our labor and labor) Tj ET Q q 0 0 0 rg BT 228.36 370.10 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 50.00 358.10 Td (10% and 15% of our cost of goods sold for vehicles we dismantle. ) Tj ET Q q 0 0 0 rg BT 317.54 358.10 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 50.00 346.10 Td (manual process and, as a result, ener) Tj ET Q q 0 0 0 rg BT 195.87 346.10 Td (gy costs are not material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 328.10 Td (Included in our cost of goods sold for remanufactured products is 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 50.00 316.10 Td (remanufacture the products, including direct and indirect labor) Tj ET Q q 0 0 0 rg BT 300.06 316.10 Td (, facility and equipment costs, depreciation and other overhead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (related to our remanufacturing operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 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 497.54 286.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 547.45 286.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 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 441.04 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 449.68 274.10 Td (e also provide a limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 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 526.33 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 534.97 262.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 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 50.00 238.10 Td (claims activity and related expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.10 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 50.00 208.10 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 50.00 196.10 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 50.00 184.10 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 50.00 172.10 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 50.00 154.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 136.10 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 50.00 124.10 Td (and self service retail facilities. ) Tj ET Q q 0 0 0 rg BT 176.98 124.10 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 50.00 112.10 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 50.00 100.10 Td (property taxes, and repairs and maintenance. ) Tj ET Q q 0 0 0 rg BT 230.85 100.10 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 88.10 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 88.10 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 76.10 Td (Income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 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 46.10 Td (our distribution expense category are personnel costs such as wages, employee benefits and incentive compensation for drivers; ) 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 /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 account for the vast majority of our selling and marketing expenses. Most of our sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (personnel are paid on a commission basis. ) Tj ET Q q 0 0 0 rg BT 220.89 676.10 Td (The number and quality of our sales force is critical to our ability to respond to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (customers) Tj ET Q q 0 0 0 rg BT 93.13 664.10 Td ( needs and increase our sales volume. Our objective is to continually evaluate our sales force, develop and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (implement training programs, and utilize appropriate measurements to assess our selling ef) Tj ET Q q 0 0 0 rg BT 413.61 652.10 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 50.00 568.10 Td (Seasonality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 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 50.00 538.10 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 50.00 526.10 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 50.00 514.10 Td (in the first half of the year) Tj ET Q q 0 0 0 rg BT 154.00 514.10 Td (, when vehicle owners tend to install this equipment. Our aftermarket glass operations typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (generate greater revenue and earnings in the second and third quarters, when the demand for automotive replacement glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (increases after the winter weather) Tj ET Q q 0 0 0 rg BT 183.82 490.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 472.10 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 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 50.00 442.10 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 50.00 430.10 Td (States of ) Tj ET Q q 0 0 0 rg BT 86.67 430.10 Td (America \("GAAP"\). ) Tj ET Q q 0 0 0 rg BT 170.46 430.10 Td (The preparation of these financial statements requires us to make estimates, assumptions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (judgments that af) Tj ET Q q 0 0 0 rg BT 119.25 418.10 Td (fect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (assets and liabilities. On an ongoing basis, we evaluate our estimates, assumptions, and judgments, including those related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (revenue recognition, inventory valuation, business combinations and goodwill impairment. ) Tj ET Q q 0 0 0 rg BT 416.41 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 425.05 394.10 Td (e base our estimates on historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (experience and on various other assumptions that we believe are reasonable under the circumstances. ) Tj ET Q q 0 0 0 rg BT 456.61 382.10 Td (The results of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 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 50.00 358.10 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 138.41 358.10 Td (fer from these estimates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q 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 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 50.00 310.10 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 50.00 298.10 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 446.98 298.10 Td (, the product would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (ordinarily be returned within a few days of shipment. ) Tj ET Q q 0 0 0 rg BT 265.32 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.96 286.10 Td (e analyze historical returns and allowances activity by comparing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (items to the original invoice amounts and dates. ) Tj ET Q q 0 0 0 rg BT 243.39 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.03 274.10 Td (e use this information to project future returns and allowances on products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (sold. If actual returns and allowances are higher than our historical experience, there would be an adverse impact on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (operating results in the period of occurrence. In addition, our customers may earn discounts for prompt payment or may earn a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (discount or rebate upon achievement of sales volumes. ) Tj ET Q q 0 0 0 rg BT 271.14 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 279.78 238.10 Td (e analyze historical and current sales volume activity to estimate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (record a liability for any discounts or rebates that we e) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10196078431372549 0.10196078431372549 0.10196078431372549 rg BT 267.70 226.10 Td (xpect customers to earn. ) Tj ET Q q 0.10196078431372549 0.10196078431372549 0.10196078431372549 rg BT 366.84 226.10 Td (Any rebates earned are generally applied as a ) Tj ET Q BT /F1 10.00 Tf ET q 0.10196078431372549 0.10196078431372549 0.10196078431372549 rg BT 50.00 214.10 Td (credit to the customer) Tj ET Q q 0.10196078431372549 0.10196078431372549 0.10196078431372549 rg BT 137.29 214.10 Td () Tj ET Q q 0.10196078431372549 0.10196078431372549 0.10196078431372549 rg BT 140.06 214.10 Td (s receivable account. ) 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 86.00 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 196.10 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 50.00 184.10 Td (occurs upon delivery to the customer) Tj ET Q q 0 0 0 rg BT 197.46 184.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 92.13 163.10 Td (Accounting) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 145.10 Td (Salvage and Remanufactur) Tj ET Q q 0 0 0 rg BT 193.94 145.10 Td (ed Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.19 145.10 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 50.00 133.10 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 50.00 121.10 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 50.00 109.10 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 97.10 Td (days in stock and historical demand. ) Tj ET Q q 0 0 0 rg BT 197.84 97.10 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 85.10 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 73.10 Td (for freight, direct manufacturing costs and overhead related to our remanufacturing operations.) 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 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 net realizable value and is reduced to reflect current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (anticipated demand. If actual demand dif) Tj ET Q q 0 0 0 rg BT 213.64 730.10 Td (fers from our estimates, additional reductions to inventory carrying value would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (necessary in 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 purchase 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) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 200.79 497.03 35.83 -9.09 re f /GS0 gs q 0 0 0 rg BT 200.79 490.10 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 236.62 497.03 20.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 236.62 490.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 256.62 497.03 288.26 -9.09 re f /GS0 gs 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 1 1 1 rg /GS0 gs 50.00 485.03 501.60 -9.09 re f /GS0 gs 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 1 1 1 rg /GS0 gs 50.00 473.03 283.53 -9.09 re f /GS0 gs 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 1 1 1 rg /GS0 gs 333.53 473.03 20.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 333.53 466.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 353.53 473.03 4.72 -9.09 re f /GS0 gs q 0 0 0 rg BT 353.53 466.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 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 reporting units: ) Tj ET Q q 0 0 0 rg BT 246.52 454.10 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 322.33 454.10 Td (America, Europe, Specialty) Tj ET Q q 0 0 0 rg BT 432.20 454.10 Td (, Self Service and ) Tj ET Q q 0 0 0 rg BT 504.68 454.10 Td (A) Tj ET Q q 0 0 0 rg BT 511.16 454.10 Td (viation. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 442.10 Td (viation reporting unit resulted from an acquisition of a small wholesale business in North ) Tj ET Q q 0 0 0 rg BT 414.75 442.10 Td (America completed in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 424.10 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 50.00 412.10 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 50.00 400.10 Td (comparative market multiples approach. ) Tj ET Q q 0 0 0 rg BT 213.37 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.01 400.10 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 50.00 388.10 Td (unrepresentative valuation. ) Tj ET Q q 0 0 0 rg BT 160.24 388.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 184.68 395.03 78.58 -9.09 re f /GS0 gs q 0 0 0 rg BT 184.68 388.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.27 388.10 Td (, we had a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.41 388.10 Td ($3.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.52 388.10 Td ( in goodwill subject to future impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (tests. ) Tj ET Q q 0 0 0 rg BT 72.60 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.24 376.10 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 50.00 364.10 Td (quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.65 364.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.65 364.10 Td ( on all five reporting units. ) Tj ET Q q 0 0 0 rg BT 220.61 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 229.25 364.10 Td (e noted that the fair value estimate for the ) Tj ET Q q 0 0 0 rg BT 397.79 364.10 Td (A) Tj ET Q q 0 0 0 rg BT 404.27 364.10 Td (viation reporting unit exceeded the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (carrying value by less than 10%. ) Tj ET Q q 0 0 0 rg BT 182.84 352.10 Td (This result aligns with our expectations as there has not been a significant change in the value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (of the business since the acquisition date in March 2017 while we continue to execute our business plan. ) Tj ET Q q 0 0 0 rg BT 469.62 340.10 Td (All other reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (units had a fair value estimate which exceeded the carrying value by at least 25%. If we were required to recognize goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (impairments, we would report those impairment losses as part of our operating results. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.89 290.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 180.65 290.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 272.10 Td (See Recent ) Tj ET Q q 0 0 0 rg BT 137.09 272.10 Td (Accounting Pronouncements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.12 272.10 Td (Note 4, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 404.18 272.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 272.10 Td (" to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (consolidated financial statements in Part II, Item8 of this ) Tj ET Q q 0 0 0 rg BT 281.33 260.10 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 50.00 248.10 Td (accounting standards.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (Financial Information by Geographic ) Tj ET Q q 0 0 0 rg BT 212.23 222.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 223.71 222.10 Td (ea) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 204.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 204.10 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 204.10 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 50.00 192.10 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 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 /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 (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 49.50 687.75 309.00 -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 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 507.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 507.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 507.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 507.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 507.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 507.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 477.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 477.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 477.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 447.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 447.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 447.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 447.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 447.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 447.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 417.75 512.00 -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 427.5 700.75 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 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 BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 704.98 Td (Y) Tj ET Q q 0 0 0 rg BT 420.53 704.98 Td (ear) Tj ET Q q 0 0 0 rg BT 431.12 704.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 491.85 704.98 Td ( 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 691.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 691.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 678.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 677.42 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 677.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 677.42 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 677.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 677.42 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 677.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 663.32 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 662.42 Td (61.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 662.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 662.42 Td (61.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 662.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 662.42 Td (60.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 662.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 648.32 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 93.29 648.32 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 647.42 Td (39.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 647.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 647.42 Td (39.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 647.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 647.42 Td (39.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 647.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 633.32 Td (Facility and warehouse expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 632.42 Td (8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 632.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 632.42 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 632.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 632.42 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 632.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 618.32 Td (Distribution expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 617.42 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 617.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 617.42 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 617.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 617.42 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 617.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 603.32 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 602.42 Td (1) Tj ET Q q 0 0 0 rg BT 395.50 602.42 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 602.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 602.42 Td (1) Tj ET Q q 0 0 0 rg BT 464.50 602.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 602.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 602.42 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 602.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 602.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 588.32 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 587.42 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 587.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 587.42 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 587.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 587.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 587.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 573.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 572.42 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 572.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 572.42 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 572.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 572.42 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 572.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 558.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 557.42 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 557.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 557.42 Td (8.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 557.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 557.42 Td (9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 557.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 543.32 Td (Other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 542.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 542.42 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 542.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 528.32 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 395.50 527.42 Td (7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 527.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 527.42 Td (7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 527.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 527.42 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 527.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 513.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 512.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 512.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 512.42 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 512.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 512.42 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 512.42 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.00 498.66 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 497.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 497.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 497.42 Td (\(0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 497.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.45 497.42 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 497.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 483.32 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 482.42 Td (5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 482.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 482.42 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 482.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 482.42 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 482.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 468.32 Td (Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 467.42 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 467.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 467.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 467.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 467.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 467.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 453.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 452.42 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 452.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 452.42 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 452.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 452.42 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 452.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 438.32 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 437.42 Td (\(0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 437.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 437.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 437.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 437.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 437.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 423.32 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 422.42 Td (5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 422.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 422.42 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 422.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 422.42 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 422.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 409.70 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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 377.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 377.25 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 377.25 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 377.25 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 377.25 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 377.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 377.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 359.25 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.36 359.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.68 359.25 Td (The following table summarizes the changes in revenue by category \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 308.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 308.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 308.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 308.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 308.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 308.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 308.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 308.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 278.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 278.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 278.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 278.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 278.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 278.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 278.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 278.75 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 187 329.75 m 241 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 329.75 m 245 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 329.75 m 299 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 329.75 m 357 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 329.75 m 416 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 329.75 m 420 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 329.75 m 474 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 329.75 m 478 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 329.75 m 532 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 329.75 m 241 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 308.75 m 241 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 329.75 m 299 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 308.75 m 299 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 329.75 m 357 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 308.75 m 357 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 329.75 m 362 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 308.75 m 416 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 308.75 m 474 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 308.75 m 532 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 308.75 m 241 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 308.75 m 299 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 308.75 m 357 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 308.75 m 416 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 308.75 m 474 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 308.75 m 532 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 278.75 m 241 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 278.75 m 299 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 278.75 m 241 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 264.75 m 241 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 262.75 m 241 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 278.75 m 299 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 264.75 m 299 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 262.75 m 299 262.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.20 333.98 Td (Y) Tj ET Q q 0 0 0 rg BT 203.53 333.98 Td (ear) Tj ET Q q 0 0 0 rg BT 214.12 333.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 274.85 333.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 333.98 Td (Per) Tj ET Q q 0 0 0 rg BT 375.97 333.98 Td (centage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.50 312.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.50 312.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.50 312.98 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.90 312.98 Td (Acquisition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.20 320.98 Td (For) Tj ET Q q 0 0 0 rg BT 445.57 320.98 Td (eign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 312.98 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.60 312.98 Td (T) Tj ET Q q 0 0 0 rg BT 486.20 312.98 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 298.42 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.10 298.42 Td (9,208,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 298.42 Td (8,144,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 298.42 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 298.42 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 298.42 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 298.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 298.42 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 283.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 283.42 Td (528,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 283.42 Td (439,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 283.42 Td (19.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 283.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 283.42 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 283.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.25 283.42 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 283.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 283.42 Td (20.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 283.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 268.42 Td (T) Tj ET Q q 0 0 0 rg BT 86.91 268.42 Td (otal revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.10 268.42 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 268.42 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 268.42 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 268.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 268.42 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 268.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 268.42 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 268.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 268.42 Td (13.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 268.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 253.00 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 86.00 231.25 Td (The change in parts and services revenue of 13.1% represented increases in segment revenue of 6.7% in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.25 Td (America, 24.5% in Europe, and 6.7% in Specialty) Tj ET Q q 0 0 0 rg BT 249.02 219.25 Td (. ) Tj ET Q q 0 0 0 rg BT 253.84 219.25 Td (The increase in other revenue of 20.2% primarily consisted of an $86 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.25 Td (million or) Tj ET Q q 0 0 0 rg BT 89.54 207.25 Td (ganic increase in other revenue, which was lar) Tj ET Q q 0 0 0 rg BT 274.28 207.25 Td (gely attributable to our North ) Tj ET Q q 0 0 0 rg BT 393.42 207.25 Td (America segment. Refer to the discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (of our segment results of operations for factors contributing to the change in revenue by segment during 2017 compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.25 Td (prior year) Tj ET Q q 0 0 0 rg BT 88.59 183.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 165.25 Td (Cost of Goods Sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.51 165.25 Td (. Cost of goods sold remained flat at 61.0% of revenue for the years ended December 31, 2017 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (2016. Cost of goods sold decreased 0.3% as a result of our North ) Tj ET Q q 0 0 0 rg BT 311.90 153.25 Td (America segment, primarily related to our salvage operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 141.25 Td (fsetting this decrease were roughly equal increases in cost of goods sold in our Europe and Specialty segments. Refer to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (discussion of our segment results of operations for factors contributing to the changes in cost of goods sold as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (revenue by segment for the year ended December 31, 2017 compared to the year ended December 31, 2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 99.25 Td (Facility and W) Tj ET Q q 0 0 0 rg BT 144.51 99.25 Td (ar) Tj ET Q q 0 0 0 rg BT 153.03 99.25 Td (ehouse Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.51 99.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.96 99.25 Td (As a percentage of revenue, facility and warehouse expenses increased to 8.2% in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (2017 from 8.0% in 2016, primarily as a result of increased personnel costs in our North ) Tj ET Q q 0 0 0 rg BT 401.59 87.25 Td (America segment. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 69.25 Td (Distribution Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 69.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.05 69.25 Td (As a percentage of revenue, distribution expenses increased to 8.1% in 2017 from 8.0% in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 74.82 57.25 Td (The increase reflected a number of individually insignificant fluctuations in distribution expense as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.25 Td (revenue across all of our segments.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Selling, General and ) Tj ET Q q 0 0 0 rg BT 171.36 742.10 Td (Administrative Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.45 742.10 Td ( Our) Tj ET Q q 0 0 0 rg BT 290.10 742.10 Td (, selling, general and administrative \("SG&A"\) expenses as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (percentage of revenue for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.65 730.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.24 730.10 Td ( December31, 2017 increased to 1) Tj ET Q q 0 0 0 rg BT 351.98 730.10 Td (1.6% in 2017 from 1) Tj ET Q q 0 0 0 rg BT 434.66 730.10 Td (1.5% in 2016, primarily as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (result of a 0.3% increase attributable to our Europe segment. Partially of) Tj ET Q q 0 0 0 rg BT 339.45 718.10 Td (fsetting this increase were decreases in SG&A) Tj ET Q q 0 0 0 rg BT 524.39 718.10 Td ( expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 209.93 706.10 Td (America segment and to a lesser extent, our Specialty segment. Refer to the discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of our segment results of operations for factors contributing to the changes in SG&A) Tj ET Q q 0 0 0 rg BT 388.54 694.10 Td ( expenses as a percentage of revenue by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (segment for theyear ended December 31, 2017compared to the year ended December 31, 2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (Restructuring and ) Tj ET Q q 0 0 0 rg BT 160.81 664.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.12 664.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.93 664.10 Td (The following table summarizes restructuring and acquisition related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (expenses for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 97.50 605.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 605.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 605.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 605.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 605.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 605.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 97.50 575.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 575.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 575.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 575.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 575.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 575.60 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 313.5 620.6 m 367.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 620.6 m 386.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 620.6 m 440.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 620.6 m 367.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 605.6 m 367.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 620.6 m 440.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 605.6 m 440.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 605.6 m 513.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 605.6 m 440.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 575.6 m 440.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 575.6 m 367.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 561.6 m 367.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 559.6 m 367.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 575.6 m 440.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 561.6 m 440.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 559.6 m 440.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 575.6 m 513.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 561.6 m 513.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 559.6 m 513.5 559.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.20 624.83 Td (Y) Tj ET Q q 0 0 0 rg BT 337.53 624.83 Td (ear) Tj ET Q q 0 0 0 rg BT 348.12 624.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 408.85 624.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 609.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 609.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.85 609.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 595.27 Td (Restructuring expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 595.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 595.27 Td (5,012) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 370.00 600.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 595.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 595.27 Td (15,782) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 443.00 600.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 595.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 595.32 Td (\(10,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 580.27 Td (Acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 580.27 Td (14,660) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 370.00 585.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 580.27 Td (21,980) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 443.00 585.43 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 580.32 Td (\(7,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 565.27 Td (T) Tj ET Q q 0 0 0 rg BT 105.41 565.27 Td (otal restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 565.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 565.27 Td (19,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 565.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 565.27 Td (37,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 565.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 565.32 Td (\(18,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 565.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 543.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 543.10 Td (Restructuring expenses for the year ended December 31, 2017 included $2 million, $2 million, and $1 million related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 531.10 Td (to the integration of acquired businesses in our North ) Tj ET Q q 0 0 0 rg BT 300.68 531.10 Td (America, Specialty) Tj ET Q q 0 0 0 rg BT 376.66 531.10 Td (, and Europe segments. ) Tj ET Q q 0 0 0 rg BT 472.02 531.10 Td (These integration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 519.10 Td (activities included the closure of duplicate facilities and termination of employees.) 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 (Restructuring expenses for the year ended December 31, 2016 included $10 million, $3 million, $2 million related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 489.10 Td (the integration of acquired businesses in our Specialty) Tj ET Q q 0 0 0 rg BT 301.68 489.10 Td (, North ) Tj ET Q q 0 0 0 rg BT 331.96 489.10 Td (America and Europe segments, respectively) Tj ET Q q 0 0 0 rg BT 507.08 489.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.90 489.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 477.10 Td (integration activities included the closure of duplicate facilities and termination of employees.) 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 (Acquisition related expenses for the year ended December 31, 2017 included $5 million of costs for our acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 447.10 Td (Andrew Page, primarily related to legal and other professional fees associated with the CMA) Tj ET Q q 0 0 0 rg BT 457.56 447.10 Td ( review) Tj ET Q q 0 0 0 rg BT 486.62 447.10 Td (. ) Tj ET Q q 0 0 0 rg BT 491.43 447.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 435.10 Td (acquisition related costs for the year ended December 31, 2017 consisted of external costs for completed acquisitions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 423.10 Td (pending acquisitions as of December 31, 2017, including $4 million related to Stahlgruber; and potential acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 411.10 Td (that were terminated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 393.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 393.10 Td (Acquisition related expenses for the year ended December 31, 2016 reflect $1) Tj ET Q q 0 0 0 rg BT 397.17 393.10 Td (1 million and $4 million related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 381.10 Td (acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 212.47 381.10 Td ( autoglass, respectively) Tj ET Q q 0 0 0 rg BT 304.85 381.10 Td (. ) Tj ET Q q 0 0 0 rg BT 309.67 381.10 Td (The remaining $7 million of expense was related to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 369.10 Td (completed acquisitions and acquisitions that were pending as of December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 351.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 351.10 Td (Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 212.28 351.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 351.10 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 50.00 339.10 Td (8 of this ) Tj ET Q q 0 0 0 rg BT 84.73 339.10 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 86.00 321.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 106.18 321.10 Td (eciation and ) Tj ET Q q 0 0 0 rg BT 158.21 321.10 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.44 321.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.76 321.10 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 50.00 309.10 Td (indicated \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 262.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 262.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 262.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 262.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 262.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 262.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 262.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 232.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 232.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 232.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 232.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 232.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 232.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 232.60 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 284 277.6 m 338 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 277.6 m 346 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 277.6 m 400 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 277.6 m 338 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 262.6 m 338 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 277.6 m 346 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 277.6 m 400 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 262.6 m 400 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 262.6 m 462 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 262.6 m 338 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 262.6 m 400 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 232.60000000000002 m 400 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 232.60000000000002 m 338 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 218.60000000000002 m 338 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 216.60000000000002 m 338 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 232.60000000000002 m 400 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 218.60000000000002 m 400 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 216.60000000000002 m 400 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 232.60000000000002 m 462 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 218.60000000000002 m 462 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 216.60000000000002 m 462 216.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.20 281.83 Td (Y) Tj ET Q q 0 0 0 rg BT 302.53 281.83 Td (ear) Tj ET Q q 0 0 0 rg BT 313.12 281.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 373.85 281.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.50 266.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.50 266.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.35 266.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 252.27 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 252.27 Td (1) Tj ET Q q 0 0 0 rg BT 306.65 252.27 Td (17,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.50 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 252.27 Td (107,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 252.27 Td (9,914) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 464.50 257.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 237.27 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 237.27 Td (101,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 237.27 Td (83,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 237.27 Td (18,199) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 464.50 242.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 222.27 Td (T) Tj ET Q q 0 0 0 rg BT 139.91 222.27 Td (otal depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 222.27 Td (219,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 222.27 Td (191,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 222.27 Td (28,1) Tj ET Q q 0 0 0 rg BT 448.15 222.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 200.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 200.10 Td (The increase in depreciation expense primarily reflected increases of $4 million and $2 million for property) Tj ET Q q 0 0 0 rg BT 515.47 200.10 Td (, plant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 188.10 Td (equipment recorded for our acquisitions of ) Tj ET Q q 0 0 0 rg BT 258.73 188.10 Td (Andrew Page and Rhiag, respectively) Tj ET Q q 0 0 0 rg BT 408.87 188.10 Td (. Depreciation expense increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 176.10 Td (2017 for ) Tj ET Q q 0 0 0 rg BT 122.11 176.10 Td (Andrew Page and Rhiag primarily due to both acquisitions having a full year of results in 2017 compared to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 164.10 Td (partial year in 2016 \(from acquisition dates of October 4, 2016 and March 18, 2016, respectively) Tj ET Q q 0 0 0 rg BT 472.46 164.10 Td (, through December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 152.10 Td (31, 2016\). ) Tj ET Q q 0 0 0 rg BT 129.15 152.10 Td (The remaining change primarily reflected increased levels of property) Tj ET Q q 0 0 0 rg BT 408.37 152.10 Td (, plant and equipment to support our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 140.10 Td (or) Tj ET Q q 0 0 0 rg BT 94.15 140.10 Td (ganic related growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 122.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.10 Td (The increase primarily reflected incremental amortization expense of \(i\) $14 million related to intangibles recorded for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.10 Td (our acquisition of Rhiag and \(ii\) $3 million related to intangibles recorded for acquisitions within our Benelux ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 98.10 Td (operations during 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 80.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.50 80.10 Td (Other Expense, Net.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.03 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.35 80.10 Td (The following table summarizes the components of the year) Tj ET Q q 0 0 0 rg BT 411.08 80.10 Td (-over) Tj ET Q q 0 0 0 rg BT 431.98 80.10 Td (-year decrease in other expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (net \(in thousands\):) 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 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 748.50 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 748.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 748.50 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 718.50 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 718.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 718.50 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 688.50 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 688.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 688.50 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 658.50 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 658.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 658.50 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 628.50 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 628.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 628.50 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 409.5 643.5 m 454.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 643.5 m 454.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 628.5 m 454.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 628.5 m 454.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 614.5 m 454.5 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 612.5 m 454.5 612.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 738.17 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 412.00 738.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 738.17 Td (86,1) Tj ET Q q 0 0 0 rg BT 440.60 738.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 723.17 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 708.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 708.17 Td (13,377) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 713.33 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 693.17 Td (Loss on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.80 693.22 Td (\(26,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 693.17 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 698.33 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 678.17 Td (Gain on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 678.17 Td (18,342) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 683.33 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 663.17 Td (Gains on bar) Tj ET Q q 0 0 0 rg BT 193.01 663.17 Td (gain purchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 663.17 Td (4,337) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 668.33 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 648.17 Td (Interest and other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.80 648.22 Td (\(15,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 648.17 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 653.33 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 633.17 Td (Net decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.80 633.22 Td (\(5,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 633.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 618.17 Td (Other expense, net for the year ended December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 618.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 618.17 Td (80,691) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 596.00 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 596.00 Td (Additional interest primarily related to borrowings used to fund our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 484.45 596.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 578.00 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 578.00 Td (During the first quarter of 2016, we incurred a $24 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 86.00 566.00 Td (payment of Rhiag debt assumed as part of the acquisition, and we incurred a $3 million loss on debt extinguishment as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 554.00 Td (a result of our January 2016 amendment to our senior secured credit agreement. ) Tj ET Q q 0 0 0 rg BT 407.37 554.00 Td (W) Tj ET Q q 0 0 0 rg BT 416.01 554.00 Td (e incurred an immaterial loss on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 542.00 Td (debt extinguishment as a result of our December 2017 amendment to our senior secured credit agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 524.00 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 524.00 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 86.00 512.00 Td (purchase price of the Rhiag acquisition. ) Tj ET Q q 0 0 0 rg BT 247.16 512.00 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 86.00 500.00 Td (on the date the funds were drawn to complete the acquisition, and as a result, these derivatives contracts generated a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.00 Td (gain of $18 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 470.00 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 470.00 Td (In October 2016, we acquired ) Tj ET Q q 0 0 0 rg BT 207.07 470.00 Td (Andrew Page out of receivership. ) Tj ET Q q 0 0 0 rg BT 343.51 470.00 Td (W) Tj ET Q q 0 0 0 rg BT 352.15 470.00 Td (e recorded a gain on bar) Tj ET Q q 0 0 0 rg BT 448.30 470.00 Td (gain purchase of $8 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 458.00 Td (in the fourth quarter of 2016, as the fair value of the net assets acquired exceeded the purchase price. During the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 446.00 Td (ended December 31, 2017, we increased the gain on bar) Tj ET Q q 0 0 0 rg BT 309.90 446.00 Td (gain purchase for this acquisition by $2 million as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 434.00 Td (changes to our estimate of the fair value of net assets acquired. ) Tj ET Q q 0 0 0 rg BT 339.33 434.00 Td (W) Tj ET Q q 0 0 0 rg BT 347.97 434.00 Td (e also recorded a gain on bar) Tj ET Q q 0 0 0 rg BT 462.74 434.00 Td (gain purchase for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 422.00 Td (another acquisition in Europe completed in the second quarter of 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 404.00 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 404.00 Td (Interest and other income, net was higher in 2017 primarily due to the impact of foreign currency transaction gains and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 392.00 Td (losses, which had a net $6 million favorable impact compared to the prior year period. ) Tj ET Q q 0 0 0 rg BT 433.21 392.00 Td (This primarily included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 380.00 Td (unrealized gains and losses on foreign currency transactions and unrealized mark-to-market gains and losses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 368.00 Td (foreign currency forward contracts used to hedge the purchases of inventory in our U.K. operations. ) Tj ET Q q 0 0 0 rg BT 487.54 368.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 537.44 368.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 356.00 Td (there was a $4 million gain due to a decrease in the fair value of contingent consideration liabilities. ) Tj ET Q q 0 0 0 rg BT 487.63 356.00 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 344.00 Td (change related to miscellaneous other income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 326.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.63 326.00 Td (ovision for Income T) Tj ET Q q 0 0 0 rg BT 177.76 326.00 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.53 326.00 Td (. Our ef) Tj ET Q q 0 0 0 rg BT 226.17 326.00 Td (fective income tax rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.06 326.00 Td (30.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.89 326.00 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.26 326.00 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.85 326.00 Td ( December31, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.00 Td (compared to 32.6% for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.41 314.00 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.99 314.00 Td ( December31, 2016. ) Tj ET Q q 0 0 0 rg BT 288.90 314.00 Td (The following table summarizes the components of our provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.00 Td (for income taxes for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 119.00 255.50 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 255.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 255.50 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 255.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 255.50 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.00 225.50 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 225.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 225.50 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 225.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 225.50 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.00 195.50 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 195.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 195.50 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 195.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 195.50 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 359 270.5 m 413 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 270.5 m 421 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 270.5 m 475 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 270.5 m 413 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 255.5 m 413 255.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 270.5 m 421 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 270.5 m 475 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 255.5 m 475 255.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 255.5 m 413 255.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 255.5 m 475 255.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 180.5 m 475 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 180.5 m 413 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 166.5 m 413 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 164.5 m 413 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 180.5 m 475 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 166.5 m 475 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 164.5 m 475 164.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.20 274.73 Td (Y) Tj ET Q q 0 0 0 rg BT 377.53 274.73 Td (ear) Tj ET Q q 0 0 0 rg BT 388.12 274.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 448.85 274.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 259.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 259.73 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 245.17 Td (Base provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 245.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 245.17 Td (266,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 245.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 245.17 Td (235,355) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 477.50 250.33 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 230.17 Td (Excess tax benefits from stock-based payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.30 230.22 Td (\(8,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 230.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 230.22 Td (\(1) Tj ET Q q 0 0 0 rg BT 448.63 230.22 Td (1,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 230.17 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 477.50 235.33 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 215.17 Td (U.S. tax reform deferred tax rate adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.30 215.22 Td (\(72,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 215.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 215.17 Td () Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 477.50 220.33 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 200.17 Td (U.S. tax reform transition tax on foreign earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 200.17 Td (50,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 200.17 Td () Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 477.50 205.33 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 185.17 Td (Other discrete items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 185.22 Td (\(655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 185.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 185.22 Td (\(3,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 185.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 170.17 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 170.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 170.17 Td (235,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 170.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 170.17 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 148.00 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 148.00 Td (Excluding the impact of discrete items, our annual ef) Tj ET Q q 0 0 0 rg BT 297.69 148.00 Td (fective tax rate has been close to 35% over the prior two years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 136.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 136.00 Td (e are still evaluating the impact of the ) Tj ET Q q 0 0 0 rg BT 247.73 136.00 Td (T) Tj ET Q q 0 0 0 rg BT 253.14 136.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 264.53 136.00 Td (Act on our future U.S. tax liability) Tj ET Q q 0 0 0 rg BT 401.63 136.00 Td (, but at this time, we expect that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 124.00 Td (overall impact of the ) Tj ET Q q 0 0 0 rg BT 171.34 124.00 Td (T) Tj ET Q q 0 0 0 rg BT 176.75 124.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 188.14 124.00 Td (Act on our ef) Tj ET Q q 0 0 0 rg BT 241.00 124.00 Td (fective tax rate will be a decrease in the rate from previous years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 106.00 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.00 Td (Represents adiscrete item for excess tax benefits received upon the exercise of stock options or vesting of RSUs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 88.00 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 88.00 Td (Represents the provisional estimate of the revaluation of deferred tax assets and liabilities as a result of the ) Tj ET Q q 0 0 0 rg BT 515.13 88.00 Td (T) Tj ET Q q 0 0 0 rg BT 520.54 88.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 531.92 88.00 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.00 Td (which reduced the U.S. federal corporate tax rate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 58.00 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.00 Td (Represents the provisional estimate of the one-time transition tax on the mandatory deemed repatriation of cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 46.00 Td (foreign earnings as of December 31, 2017 as a result of the ) Tj ET Q q 0 0 0 rg BT 324.35 46.00 Td (T) Tj ET Q q 0 0 0 rg BT 329.76 46.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 341.15 46.00 Td (Act. ) 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 q 0 0 0 rg BT 86.00 742.10 Td (For further discussion of the ) Tj ET Q q 0 0 0 rg BT 201.63 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 207.04 742.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 218.43 742.10 Td (Act, see Note 13, "Income ) Tj ET Q q 0 0 0 rg BT 326.46 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 331.87 742.10 Td (axes," included in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 491.76 742.10 Td (Annual Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (on Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (Equity in Earnings \(Loss\) of Unconsolidated Subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.61 712.10 Td ( Equity in earnings of unconsolidated subsidiaries for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (theyear ended December 31, 2017 primarily related to our investment in Mekonomen.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (For) Tj ET Q q 0 0 0 rg BT 100.63 682.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 139.43 682.10 Td (ency Impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.51 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.83 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.47 682.10 Td (e translate our statements of income at the average exchange rates in ef) Tj ET Q q 0 0 0 rg BT 485.60 682.10 Td (fect for the period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (During the year ended December 31, 2017, the pound sterling rate used to translate the 2017 statements of income declined by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (4.9%, while both the Canadian dollar rate and euro rate increased by 2.1% compared to the year ended December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 546.30 658.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (translation ef) Tj ET Q q 0 0 0 rg BT 102.30 646.10 Td (fect of the change in these currencies against the U.S. dollar and realized and unrealized currency losses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (year ended December 31, 2017 resulted in a $0.01 negative ef) Tj ET Q q 0 0 0 rg BT 297.50 634.10 Td (fect on diluted earnings per share from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (relative to the prior year) Tj ET Q q 0 0 0 rg BT 146.07 622.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 604.10 Td (Net \(Loss\) Income fr) Tj ET Q q 0 0 0 rg BT 168.12 604.10 Td (om Discontinued Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.67 604.10 Td (During the year ended December 31, 2017 we recorded a loss from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (discontinued operations, net of tax totaling$7 million, of which $6 million was for the loss on sale of discontinued operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (compared to income from discontinued operations, net of tax totaling$8 millionfor the year ended December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Discontinued operations for 2017 and 2016 represents the automotive glass manufacturing business of PGW) Tj ET Q q 0 0 0 rg BT 483.16 568.10 Td (, which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (acquired in ) Tj ET Q q 0 0 0 rg BT 96.65 556.10 Td (April 2016 and sold on March 1, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 134.13 538.10 Td (Attributable to Noncontr) Tj ET Q q 0 0 0 rg BT 232.65 538.10 Td (olling Inter) Tj ET Q q 0 0 0 rg BT 277.55 538.10 Td (est.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.16 538.10 Td ( During the year ended December 31, 2017, we allocated a loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ($4 million to the noncontrolling interest of an immaterial subsidiary) Tj ET Q q 0 0 0 rg BT 321.25 526.10 Td (. ) 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 /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, 2016 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, 2015 ) 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 78.50 673.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 673.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 673.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.50 643.75 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 643.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 643.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 643.75 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 186.5 694.75 m 240.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 694.75 m 244.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 694.75 m 298.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 694.75 m 356.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 694.75 m 416.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 694.75 m 420.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 694.75 m 474.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 694.75 m 478.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 694.75 m 532.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 694.75 m 240.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 673.75 m 240.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 694.75 m 298.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 673.75 m 298.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 694.75 m 356.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 673.75 m 356.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 694.75 m 362.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 673.75 m 416.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 673.75 m 474.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 673.75 m 532.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 673.75 m 240.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 673.75 m 298.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 673.75 m 356.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 673.75 m 416.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 673.75 m 474.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 673.75 m 532.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 643.75 m 240.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 643.75 m 298.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 643.75 m 240.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 629.75 m 240.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 627.75 m 240.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 643.75 m 298.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 629.75 m 298.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 627.75 m 298.5 627.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.70 698.98 Td (Y) Tj ET Q q 0 0 0 rg BT 203.03 698.98 Td (ear) Tj ET Q q 0 0 0 rg BT 213.62 698.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 274.35 698.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 698.98 Td (Per) Tj ET Q q 0 0 0 rg BT 375.97 698.98 Td (centage Change in Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.00 677.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 677.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.00 677.98 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.40 677.98 Td (Acquisition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.70 685.98 Td (For) Tj ET Q q 0 0 0 rg BT 446.07 685.98 Td (eign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.30 677.98 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.10 677.98 Td (T) Tj ET Q q 0 0 0 rg BT 486.70 677.98 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 663.42 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.60 663.42 Td (8,144,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.60 663.42 Td (6,713,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.75 663.42 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 663.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 663.42 Td (19.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 663.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.45 663.42 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 663.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.75 663.42 Td (21.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 663.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 648.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.15 648.42 Td (439,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 648.42 Td (478,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.45 648.42 Td (\(1) Tj ET Q q 0 0 0 rg BT 331.78 648.42 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.30 648.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 648.42 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 648.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.45 648.42 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 648.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.45 648.42 Td (\(8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 648.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 633.42 Td (T) Tj ET Q q 0 0 0 rg BT 86.41 633.42 Td (otal revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.60 633.42 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.60 633.42 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.75 633.42 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 633.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 633.42 Td (18.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 633.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.45 633.42 Td (\(2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 633.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.75 633.42 Td (19.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 633.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.00 620.00 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 of21.3%represented increases in segment revenue of9.9%in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (America,46.4%in Europe and13.5%in Specialty) Tj ET Q q 0 0 0 rg BT 251.52 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 256.34 586.25 Td (The decrease in other revenue of8.2%primarily consisted of a $53 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 574.25 Td (ganic decline partially of) Tj ET Q q 0 0 0 rg BT 157.65 574.25 Td (fset by $15 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 50.00 562.25 Td (operations for factors contributing to revenue change by segment during 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 469.59 562.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 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 166.01 544.25 Td ( Our cost of goods sold increased to61.0%of revenue in 2016 from60.6%of revenue in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (The increase in cost of goods sold reflected a negative ef) Tj ET Q q 0 0 0 rg BT 276.95 532.25 Td (fect of 0.6% from our Rhiag acquisition, which has lower gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 520.25 Td (gins than our prior year consolidated gross mar) Tj ET Q q 0 0 0 rg BT 253.75 520.25 Td (gin. In addition, our cost of goods sold increased 0.2% as a result of mix, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (we 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 467.73 508.25 Td (gins than our prior year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (consolidated gross mar) Tj ET Q q 0 0 0 rg BT 142.02 496.25 Td (gin. ) Tj ET Q q 0 0 0 rg BT 159.62 496.25 Td (These negative impacts were partially of) Tj ET Q q 0 0 0 rg BT 321.87 496.25 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 50.00 484.25 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 382.40 484.25 Td (America segment. Refer to the discussion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 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 50.00 460.25 Td (segment for the year endedDecember 31, 2016compared to the prior year) Tj ET Q q 0 0 0 rg BT 347.38 460.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 442.25 Td (Facility and W) Tj ET Q q 0 0 0 rg BT 144.51 442.25 Td (ar) Tj ET Q q 0 0 0 rg BT 153.03 442.25 Td (ehouse Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.01 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.96 442.25 Td (As a percentage of revenue, facility and warehouse expenses for theyear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (endedDecember31, 2016 increased to8.0%from7.7%in the prior year) Tj ET Q q 0 0 0 rg BT 340.18 430.25 Td (. ) Tj ET Q q 0 0 0 rg BT 345.00 430.25 Td (The change in facility and warehouse expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (reflected \(i\) a 0.3% increase as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 324.86 418.25 Td (America operations related to a realignment of plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (manager responsibilities, which shifted these expenses from selling, general and administrative expenses to facility and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (warehouse expenses and \(ii\) a 0.2% increase as a percentage of revenue in our Europe operations for branch openings and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (addition of facility costs for the partly operational ) Tj ET Q q 0 0 0 rg BT 251.43 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 256.84 382.25 Td (amworth, England distribution center) Tj ET Q q 0 0 0 rg BT 405.69 382.25 Td (. ) Tj ET Q q 0 0 0 rg BT 410.51 382.25 Td (These negative impacts were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (partially of) Tj ET Q q 0 0 0 rg BT 93.97 370.25 Td (fset by a decrease of 0.3% from our acquisition of Rhiag, which has lower facility and warehouse expenses as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (percentage of revenue than our prior year consolidated facility and warehouse expenses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 340.25 Td (Distribution Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 340.25 Td () Tj ET Q q 0 0 0 rg BT 179.05 340.25 Td (As a percentage of revenue, distribution expenses decreased to8.0%in 2016 from8.4%in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.82 328.25 Td (The decrease in distribution expense reflected 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 50.00 316.25 Td (distribution expenses as a percentage of revenue than our prior year consolidated distribution expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 298.25 Td (Selling, General and ) Tj ET Q q 0 0 0 rg BT 171.36 298.25 Td (Administrative Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.45 298.25 Td (Our SG&A) Tj ET Q q 0 0 0 rg BT 320.23 298.25 Td ( expenses for theyear endedDecember31, 2016 remained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (flat compared to the prior year at1) Tj ET Q q 0 0 0 rg BT 188.74 286.25 Td (1.5%of revenue. SG&A) Tj ET Q q 0 0 0 rg BT 286.77 286.25 Td ( expenses increased 0.2% as a result of our Rhiag acquisition, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (has higher SG&A) Tj ET Q q 0 0 0 rg BT 121.11 274.25 Td ( expenses than our prior year consolidated SG&A) Tj ET Q q 0 0 0 rg BT 319.67 274.25 Td ( expenses. Of) Tj ET Q q 0 0 0 rg BT 373.64 274.25 Td (fsetting this increase was a 0.2% favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (impact from our Specialty operations as a result of a decline in personnel costs from the realization of integration syner) Tj ET Q q 0 0 0 rg BT 526.61 262.25 Td (gies, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (decrease in bad debt expense and other individually insignificant decreases across various SG&A) Tj ET Q q 0 0 0 rg BT 439.33 250.25 Td ( expense categories. ) Tj ET Q q 0 0 0 rg BT 521.88 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 530.92 250.25 Td (ithin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (our North ) Tj ET Q q 0 0 0 rg BT 91.11 238.25 Td (America segment, SG&A) Tj ET Q q 0 0 0 rg BT 193.59 238.25 Td ( personnel expenses were flat as a percentage of revenue, as the decrease in expense as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (percentage of revenue related to the realignment of plant manager responsibilities discussed above was of) Tj ET Q q 0 0 0 rg BT 472.44 226.25 Td (fset by increases in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (other personnel expenses as a percentage of revenue.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 196.25 Td (Restructuring and ) Tj ET Q q 0 0 0 rg BT 160.81 196.25 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.12 196.25 Td (. ) Tj ET Q q 0 0 0 rg BT 283.93 196.25 Td (The following table summarizes restructuring and acquisition related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (expenses for the periods indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 137.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 137.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 137.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 137.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 137.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 137.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 107.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 107.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 107.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 107.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 107.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 107.75 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 312.5 152.75 m 366.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 152.75 m 387.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 152.75 m 441.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 137.75 m 366.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 152.75 m 441.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 137.75 m 441.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 137.75 m 514.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 137.75 m 366.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 137.75 m 441.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 107.75 m 441.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 107.75 m 366.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 93.75 m 366.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 91.75 m 366.5 91.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 107.75 m 441.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 93.75 m 441.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 91.75 m 441.5 91.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 107.75 m 514.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 93.75 m 514.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 91.75 m 514.5 91.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.20 156.98 Td (Y) Tj ET Q q 0 0 0 rg BT 337.53 156.98 Td (ear) Tj ET Q q 0 0 0 rg BT 348.12 156.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 408.85 156.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.00 141.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.00 141.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 141.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 127.42 Td (Restructuring expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 127.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 127.42 Td (15,782) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 369.00 132.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 127.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 127.42 Td (13,083) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 444.00 132.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 127.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 127.42 Td (2,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 112.42 Td (Acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 112.42 Td (21,980) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 369.00 117.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 112.42 Td (6,428) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 444.00 117.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 112.42 Td (15,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 97.42 Td (T) Tj ET Q q 0 0 0 rg BT 104.41 97.42 Td (otal restructuring and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 97.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 97.42 Td (37,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 97.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 97.42 Td (19,51) Tj ET Q q 0 0 0 rg BT 432.65 97.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 97.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 97.42 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 75.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 75.25 Td (Restructuring expenses of $10 million, $3 million, $2 million for the year ended December 31, 2016 related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 63.25 Td (integration of acquired businesses in our Specialty) Tj ET Q q 0 0 0 rg BT 286.97 63.25 Td (, North ) Tj ET Q q 0 0 0 rg BT 317.25 63.25 Td (America and Europe segments, respectively) Tj ET Q q 0 0 0 rg BT 492.36 63.25 Td (. Restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 51.25 Td (expenses of $10 million, $2 million, and $1 million for the year ended December 31, 2015 were primarily related to ) 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 (the integration of acquired businesses in our Specialty) Tj ET Q q 0 0 0 rg BT 301.68 742.10 Td (, North ) Tj ET Q q 0 0 0 rg BT 331.96 742.10 Td (America, and Europe segments, respectively) Tj ET Q q 0 0 0 rg BT 509.58 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.40 742.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (integration activities included the closure of duplicate facilities and termination of employees.) 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 (Acquisition related expenses for the year ended December 31, 2016 reflected $1) Tj ET Q q 0 0 0 rg BT 406.61 712.10 Td (1 million and $4 million related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 211.73 700.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 264.39 700.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.21 700.10 Td (The remaining $7 million of expense was related to other completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td (acquisitions and acquisitions that were pending as of December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Acquisition related expenses for the year ended December 31, 2015 included $2 million for our acquisitions of 1) Tj ET Q q 0 0 0 rg BT 536.06 670.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (aftermarket parts distribution businesses in the Netherlands and $1 million related to our North ) Tj ET Q q 0 0 0 rg BT 467.58 658.10 Td (America and Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (acquisitions during the year) Tj ET Q q 0 0 0 rg BT 196.25 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 200.70 646.10 Td (Acquisition related expenses also included $3 million for acquisitions that were pending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (as of December 31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 616.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 616.10 Td (Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 212.28 616.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 616.10 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 50.00 604.10 Td (8 of this ) Tj ET Q q 0 0 0 rg BT 84.73 604.10 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 86.00 586.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 106.18 586.10 Td (eciation and ) Tj ET Q q 0 0 0 rg BT 158.21 586.10 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.44 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.76 586.10 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 50.00 574.10 Td (indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 527.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 527.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 527.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 527.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 527.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 527.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 527.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 497.60 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 497.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 497.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 497.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 497.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 497.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 497.60 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 284 542.6 m 338 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 542.6 m 346 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 542.6 m 400 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 542.6 m 338 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 527.6 m 338 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 527.6 m 400 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 527.6 m 462 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 527.6 m 338 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 527.6 m 400 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 527.6 m 462 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 497.6 m 338 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 497.6 m 400 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 497.6 m 338 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 483.6 m 338 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 481.6 m 338 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 497.6 m 400 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 483.6 m 400 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 481.6 m 400 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 497.6 m 462 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 483.6 m 462 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 481.6 m 462 481.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.20 546.83 Td (Y) Tj ET Q q 0 0 0 rg BT 302.53 546.83 Td (ear) Tj ET Q q 0 0 0 rg BT 313.12 546.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 373.85 546.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.50 531.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.50 531.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.35 531.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 517.27 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 517.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 517.27 Td (107,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.50 517.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 517.27 Td (88,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 517.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 517.27 Td (19,610) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 464.50 522.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 502.27 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 502.27 Td (83,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 502.27 Td (33,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 502.27 Td (49,703) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 464.50 507.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 487.27 Td (T) Tj ET Q q 0 0 0 rg BT 139.91 487.27 Td (otal depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 487.27 Td (191,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.50 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 487.27 Td (122,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 487.27 Td (69,313) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 465.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 465.10 Td (The increase in depreciation expense primarily reflected the depreciation expense for property and equipment related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 453.10 Td (to our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 238.58 453.10 Td ( of $14 million and $2 million, respectively) Tj ET Q q 0 0 0 rg BT 411.79 453.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.61 453.10 Td (The remaining change primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 441.10 Td (reflected increased levels of property and equipment to support our or) Tj ET Q q 0 0 0 rg BT 365.17 441.10 Td (ganic related growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 423.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 423.10 Td (The increase in amortization expense primarily reflected amortization expense for intangible assets related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 411.10 Td (acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 212.47 411.10 Td ( of $43 million and $8 million, respectively) Tj ET Q q 0 0 0 rg BT 385.68 411.10 Td (. ) Tj ET Q q 0 0 0 rg BT 390.50 411.10 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 521.92 411.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 399.10 Td (decline in accelerated amortization for intangibles recognized in previous years.) 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 increase 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 139.50 352.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 352.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 352.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 322.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 322.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 322.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 292.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 292.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 292.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 262.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 262.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 262.60 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 232.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 232.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 232.60 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 409.5 247.60000000000002 m 454.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 232.60000000000002 m 454.5 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 232.60000000000002 m 454.5 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 218.60000000000002 m 454.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 216.60000000000002 m 454.5 216.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 342.27 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 412.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 342.27 Td (55,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 327.27 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 312.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 312.27 Td (30,403) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 317.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 297.27 Td (Loss on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 297.27 Td (26,650) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 302.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 283.17 Td (Gains on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.80 282.32 Td (\(18,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 282.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 287.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 267.27 Td (Gain on bar) Tj ET Q q 0 0 0 rg BT 189.12 267.27 Td (gain purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.80 267.32 Td (\(8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 267.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 457.00 272.43 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 252.27 Td (Interest and other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 252.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 237.27 Td (Net increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 237.27 Td (30,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 222.27 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 412.00 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 222.27 Td (86,1) Tj ET Q q 0 0 0 rg BT 440.60 222.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 200.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 200.10 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 482.23 200.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 182.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 182.10 Td (During the first quarter of 2016, we incurred a $24 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 86.00 170.10 Td (payment of Rhiag debt assumed as part of the acquisition, and we incurred a $3 million loss on debt extinguishment as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 158.10 Td (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 68.00 140.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 140.10 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 86.00 128.10 Td (purchase price of the Rhiag acquisition. ) Tj ET Q q 0 0 0 rg BT 247.16 128.10 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 86.00 116.10 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 86.00 104.10 Td (gain of $18 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 86.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 86.10 Td (In October 2016, we acquired ) Tj ET Q q 0 0 0 rg BT 207.07 86.10 Td (Andrew Page out of receivership. ) Tj ET Q q 0 0 0 rg BT 343.51 86.10 Td (The fair value of the net assets acquired exceeded the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.10 Td (purchase price, resulting in a gain on bar) Tj ET Q q 0 0 0 rg BT 248.54 74.10 Td (gain purchase of $8 million.) 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 /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 was32.6%for theyear endedDecember31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (compared to 33.9% for theyear endedDecember31, 2015. ) 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 income tax rate reflects an $1) Tj ET Q q 0 0 0 rg BT 487.13 730.10 Td (1 million discrete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (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 432.11 718.10 Td (Accounting Standards Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (2016-09, "Improvements to Employee Share-Based Payment ) Tj ET Q q 0 0 0 rg BT 295.98 706.10 Td (Accounting" \("ASU 2016-09"\). ) Tj ET Q q 0 0 0 rg BT 424.69 706.10 Td (The adoption of ) Tj ET Q q 0 0 0 rg BT 490.51 706.10 Td (ASU 2016-09 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (reduced the ef) Tj ET Q q 0 0 0 rg BT 106.45 694.10 Td (fective tax rate by 1.6% compared to the prior year) Tj ET Q q 0 0 0 rg BT 309.70 694.10 Td (. Partially of) Tj ET Q q 0 0 0 rg BT 359.23 694.10 Td (fsetting this, our ef) Tj ET Q q 0 0 0 rg BT 434.59 694.10 Td (fective tax rate was negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (impacted by an increase in the proportion of earnings generated in the U.S., which had a higher tax rate than our foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (operations, as well as an increase in nondeductible acquisition related costs, primarily related to our Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 516.63 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (acquisitions as well as other potential acquisitions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (Equity in Earnings \(Loss\) of Unconsolidated Subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.61 640.10 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 50.00 628.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 628.10 Td (ges of $2 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 50.00 616.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 616.10 Td (ges. Our share of net operating losses in our equity method investments totaled $4 million for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.82 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.86 604.10 Td (ith our divestiture of ) Tj ET Q q 0 0 0 rg BT 167.73 604.10 Td (ACM Parts in February 2016, our share of net operating losses in our equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (was nominal for the year ended December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 261.69 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.33 592.10 Td (e are reporting our equity in earnings of our investment in Mekonomen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (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 50.00 562.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (For) Tj ET Q q 0 0 0 rg BT 100.63 562.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 139.43 562.10 Td (ency Impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.51 562.10 Td () Tj ET Q q 0 0 0 rg BT 192.83 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.47 562.10 Td (e translate our statements of income at the average exchange rates in ef) Tj ET Q q 0 0 0 rg BT 485.60 562.10 Td (fect for the period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 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 50.00 538.10 Td (income declined by 1) Tj ET Q q 0 0 0 rg BT 135.43 538.10 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 501.82 538.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (translation ef) Tj ET Q q 0 0 0 rg BT 102.30 526.10 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 50.00 514.10 Td (currency losses during 2016 resulted in an approximately $0.05 negative ef) Tj ET Q q 0 0 0 rg BT 350.57 514.10 Td (fect on diluted earnings per share for continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (operations relative to the prior year) Tj ET Q q 0 0 0 rg BT 190.22 502.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td (Net \(Loss\) Income fr) Tj ET Q q 0 0 0 rg BT 168.12 484.10 Td (om Discontinued Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.17 484.10 Td (Income from discontinued operations, net of tax totaled$8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (millionin 2016; we had no discontinued operations in the prior year) Tj ET Q q 0 0 0 rg BT 321.89 472.10 Td (. Discontinued operations for 2016 represents the glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (manufacturing business of PGW) Tj ET Q q 0 0 0 rg BT 179.34 460.10 Td (, which was acquired in ) Tj ET Q q 0 0 0 rg BT 275.98 460.10 Td (April 2016. ) Tj ET Q q 0 0 0 rg BT 324.40 460.10 Td (The results include a $20 million, net of tax, impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 448.10 Td (ge primarily related to property) Tj ET Q q 0 0 0 rg BT 191.88 448.10 Td (, plant and equipment that was triggered when the assets were classified as held for sale.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (Results of OperationsSegment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 392.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 392.10 Td (e have four operating segments: ) Tj ET Q q 0 0 0 rg BT 224.19 392.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 301.67 392.10 Td (America, Europe, Specialty and Self Service. Our ) Tj ET Q q 0 0 0 rg BT 503.09 392.10 Td (Wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (North ) Tj ET Q q 0 0 0 rg BT 74.78 380.10 Td (America and Self Service operating segments are aggregated into one reportable segment, North ) Tj ET Q q 0 0 0 rg BT 462.42 380.10 Td (America, because they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (possess similar economic characteristics and have common products and services, customers, and methods of distribution. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (Therefore, we present three reportable segments: North ) Tj ET Q q 0 0 0 rg BT 272.74 356.10 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 397.04 356.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 338.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 338.10 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 49.50 326.10 Td (currency basis. ) Tj ET Q q 0 0 0 rg BT 111.79 326.10 Td (The constant currency presentation, which is a non-GAAP) Tj ET Q q 0 0 0 rg BT 345.25 326.10 Td ( measure, excludes the impact of fluctuations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (foreign currency exchange rates. ) Tj ET Q q 0 0 0 rg BT 182.30 314.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.94 314.10 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 49.50 302.10 Td (information regarding our growth and profitability) Tj ET Q q 0 0 0 rg BT 250.75 302.10 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 49.50 290.10 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 49.50 278.10 Td (performance. Constant currency revenue and Segment EBITDA) Tj ET Q q 0 0 0 rg BT 305.24 278.10 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 49.50 266.10 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 123.10 266.10 Td ( in local currency using the current year's currency conversion rate.) Tj ET Q q 0 0 0 rg BT 394.05 266.10 Td (This non-GAAP) Tj ET Q q 0 0 0 rg BT 459.51 266.10 Td ( financial measure has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 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 49.50 242.10 Td (results as reported under GAAP) Tj ET Q q 0 0 0 rg BT 176.14 242.10 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 49.50 230.10 Td (potential inconsistencies in the method of calculation and dif) Tj ET Q q 0 0 0 rg BT 292.59 230.10 Td (ferences due to items subject to interpretation. In addition, not all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (companies that report revenue or profitability on a constant currency basis calculate such measures in the same manner as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (do, and accordingly) Tj ET Q q 0 0 0 rg BT 127.99 206.10 Td (, our calculations are not necessarily comparable to similarly-named measures of other companies and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (not be appropriate measures for performance relative to other companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td ( ) 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 49.50 742.10 Td ( ) Tj ET Q 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 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 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 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 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 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 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 (Y) Tj ET Q q 0 0 0 rg BT 323.78 711.68 Td (ear) Tj ET Q q 0 0 0 rg BT 334.37 711.68 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 395.10 711.68 Td ( 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 (2017) 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 (T) Tj ET Q q 0 0 0 rg BT 283.97 690.83 Td (otal) 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 328.05 674.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 344.05 678.46 Td ( \(1\)) 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 (T) Tj ET Q q 0 0 0 rg BT 387.47 690.83 Td (otal) 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 432.05 674.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 448.05 678.46 Td ( \(1\)) 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 (T) Tj ET Q q 0 0 0 rg BT 492.10 690.83 Td (otal) 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 ) Tj ET Q q 0 0 0 rg BT 121.30 646.17 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 645.27 Td (4,798,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 645.27 Td (4,443,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 645.27 Td (4,1) Tj ET Q q 0 0 0 rg BT 439.85 645.27 Td (18,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 631.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 630.27 Td (3,636,81) Tj ET Q q 0 0 0 rg BT 254.35 630.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 630.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 630.27 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 616.17 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 615.27 Td (1,301,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 615.27 Td (1,219,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 615.27 Td (1,078,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 601.17 Td (T) Tj ET Q q 0 0 0 rg BT 101.51 601.17 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 600.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 600.27 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 600.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 600.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 600.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 600.27 Td (7,192,633) 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 (T) Tj ET Q q 0 0 0 rg BT 100.72 584.83 Td (otal Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 571.17 Td (North ) Tj ET Q q 0 0 0 rg BT 121.30 571.17 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 570.27 Td (4,799,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 570.27 Td (4,444,625) 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 (4,1) Tj ET Q q 0 0 0 rg BT 439.85 570.27 Td (19,121) 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 (3,636,81) Tj ET Q q 0 0 0 rg BT 254.35 555.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 555.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 555.27 Td (1,995,455) 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 (1,305,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 540.27 Td (1,223,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 540.27 Td (1,082,296) 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 (\(5,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.40 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.55 525.32 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.40 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.55 525.32 Td (\(4,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.40 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 511.17 Td (T) Tj ET Q q 0 0 0 rg BT 101.51 511.17 Td (otal revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 510.27 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.35 510.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.35 510.27 Td (7,192,633) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 95.75 493.580078125 m 157.533203125 493.580078125 l s q 0 0 0 rg BT 95.75 494.83 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.75 480.27 Td (North ) Tj ET Q q 0 0 0 rg BT 121.30 480.27 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 480.27 Td (655,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 480.27 Td (13.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.90 480.27 Td (589,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.75 480.27 Td (13.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 480.27 Td (540,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.75 480.27 Td (13.1%) 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 (319,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 465.27 Td (8.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.90 465.27 Td (283,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.75 465.27 Td (9.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 465.27 Td (200,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.75 465.27 Td (10.1%) 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 (142,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 450.27 Td (10.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.90 450.27 Td (131,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.75 450.27 Td (10.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 450.27 Td (1) Tj ET Q q 0 0 0 rg BT 439.90 450.27 Td (13,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.75 450.27 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 428.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td (In the first quarter of 2017, we realigned a portion of our North ) Tj ET Q q 0 0 0 rg BT 340.43 428.10 Td (America operations under our Specialty segment. Prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 416.10 Td (year results have been recast to reflect the shift in reporting structure in order to present segment results on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.10 Td (comparable basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 380.10 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 447.20 380.10 Td (, who is our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 368.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 77.79 368.10 Td (, is Segment EBITDA. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 244.71 368.10 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 49.50 356.10 Td (general and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (the segment's percentage of consolidated revenue. ) Tj ET Q q 0 0 0 rg BT 251.87 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 260.51 344.10 Td (e calculate Segment EBITDA) Tj ET Q q 0 0 0 rg BT 379.08 344.10 Td ( as EBITDA) Tj ET Q q 0 0 0 rg BT 428.52 344.10 Td ( excluding restructuring and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 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 49.50 320.10 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 49.50 308.10 Td (calculated as net income excluding noncontrolling interest, discontinued operations, depreciation, amortization, interest \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (includes loss on debt extinguishment\) and income tax expense. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.83 296.10 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.19 296.10 Td (" to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (consolidated financial statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 280.83 284.10 Td (Annual Report on Form 10-K for a reconciliation of total Segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 85.61 272.10 Td ( to net income from continuing operations attributable to LKQ stockholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 234.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 234.10 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 234.10 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 234.10 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 234.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 234.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 234.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (North ) Tj ET Q q 0 0 0 rg BT 76.58 216.10 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 198.10 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 198.10 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 198.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.76 198.10 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 50.00 186.10 Td (America segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 68.50 135.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 135.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 135.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 135.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 135.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 135.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 135.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 135.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 135.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 135.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 135.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 135.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 68.50 105.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 105.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 105.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 105.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 105.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 105.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 105.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 105.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 105.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 105.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 105.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 105.60 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 188.5 156.60000000000002 m 242.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 156.60000000000002 m 246.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 156.60000000000002 m 300.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 156.60000000000002 m 358.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 156.60000000000002 m 372.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 156.60000000000002 m 426.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 156.60000000000002 m 430.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 156.60000000000002 m 484.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 156.60000000000002 m 488.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 156.60000000000002 m 542.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 156.60000000000002 m 242.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 135.60000000000002 m 242.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 156.60000000000002 m 300.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 135.60000000000002 m 300.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 135.60000000000002 m 358.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 135.60000000000002 m 426.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 135.60000000000002 m 484.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 135.60000000000002 m 542.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 135.60000000000002 m 242.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 135.60000000000002 m 300.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 135.60000000000002 m 358.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 135.60000000000002 m 426.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 135.60000000000002 m 484.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 135.60000000000002 m 542.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 105.60000000000002 m 242.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 105.60000000000002 m 300.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 105.60000000000002 m 242.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 91.60000000000002 m 242.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 89.60000000000002 m 242.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 105.60000000000002 m 300.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 91.60000000000002 m 300.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 89.60000000000002 m 300.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 89.60000000000002 m 242.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 91.60000000000002 m 242.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 89.60000000000002 m 300.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 91.60000000000002 m 300.5 91.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.70 160.83 Td (Y) Tj ET Q q 0 0 0 rg BT 205.03 160.83 Td (ear) Tj ET Q q 0 0 0 rg BT 215.62 160.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 276.35 160.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 160.83 Td (Per) Tj ET Q q 0 0 0 rg BT 381.97 160.83 Td (centage 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 71 138.580078125 m 122.31640625 138.580078125 l s q 0 0 0 rg BT 71.00 139.83 Td (North ) Tj ET Q q 0 0 0 rg BT 93.00 139.83 Td (America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.00 139.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.00 139.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.00 139.83 Td (Organic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.40 139.83 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 416.52 143.46 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 147.83 Td (For) Tj ET Q q 0 0 0 rg BT 456.07 147.83 Td (eign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.30 139.83 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.10 139.83 Td (T) Tj ET Q q 0 0 0 rg BT 496.70 139.83 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 125.27 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 125.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 125.27 Td (4,278,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 125.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 125.27 Td (4,009,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 125.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 125.27 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.55 130.43 Td (\(1) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 367.00 130.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 125.27 Td (3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 125.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 125.27 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 125.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 125.27 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 125.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 110.27 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 110.27 Td (520,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 110.27 Td (434,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 110.27 Td (19.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 110.27 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.55 115.43 Td (\(2) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 367.00 115.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 110.27 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 110.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 110.27 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 110.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.25 110.27 Td (19.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 110.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 95.27 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 95.27 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 95.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 95.27 Td (4,798,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 95.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 95.27 Td (4,443,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 95.27 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 95.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 95.27 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 95.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 95.27 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 95.27 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 519.00 95.47 Td (8.0) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.80 95.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 79.85 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 58.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 58.10 Td (ganic growth in parts and services revenue was lar) Tj ET Q q 0 0 0 rg BT 297.78 58.10 Td (gely attributable to increased sales volumes in our wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 46.10 Td (operations, primarily in our salvage operations and, to a lesser extent, our aftermarket operations. ) Tj ET Q q 0 0 0 rg BT 477.36 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 486.40 46.10 Td (ithin our salvage ) 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 (operations, the favorable volume impact, which was primarily related to mechanical parts, was a result of refinements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (to our buying algorithms. ) Tj ET Q q 0 0 0 rg BT 189.61 730.10 Td (Also, an emphasis on inventorying more parts of) Tj ET Q q 0 0 0 rg BT 384.39 730.10 Td (f of each car purchased contributed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (increase in the number of parts sold per vehicle. ) Tj ET Q q 0 0 0 rg BT 280.19 718.10 Td (While we were able to increase parts and services revenue over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (prior year) Tj ET Q q 0 0 0 rg BT 124.75 706.10 Td (, we believe the weather conditions in 2017 contributed to a lower growth rate than generated in prior years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 694.10 Td (ganic revenue growth for our North ) Tj ET Q q 0 0 0 rg BT 240.77 694.10 Td (America segment was also negatively af) Tj ET Q q 0 0 0 rg BT 401.92 694.10 Td (fected by one fewer selling day in 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (compared to 2016; on a per day basis, or) Tj ET Q q 0 0 0 rg BT 248.28 682.10 Td (ganic revenue growth was 3.4%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (The $86 million increase in other revenue primarily related to \(i\) a $57 million increase in revenue from scrap steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (and other metals primarily related to higher prices and, to a lesser extent, increased volumes, year over year and \(ii\) a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td ($25 million increase in revenue from metals found in catalytic converters \(platinum, palladium, and rhodium\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td (primarily due to higher prices, year over year) Tj ET Q q 0 0 0 rg BT 266.48 628.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (Acquisition related growth in 2017 included $92 million, or 2.1%, from our PGW) Tj ET Q q 0 0 0 rg BT 413.27 610.10 Td ( autoglass acquisition. ) Tj ET Q q 0 0 0 rg BT 504.19 610.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (remainder of our acquired revenue growth reflected revenue from our acquisition of 1) Tj ET Q q 0 0 0 rg BT 428.82 598.10 Td (1 wholesale businesses from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (beginning of 2016 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 50.00 565.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 565.30 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.82 565.30 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 239.42 565.30 Td ( increased $65 million, or 1) Tj ET Q q 0 0 0 rg BT 349.02 565.30 Td (1.1%, in 2017 compared to the prior year) Tj ET Q q 0 0 0 rg BT 513.14 565.30 Td (. Sequential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.30 Td (increases in scrap steel prices in our salvage and self service operations benefited gross mar) Tj ET Q q 0 0 0 rg BT 416.35 553.30 Td (gins and had a favorable impact of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.30 Td ($12 million on North ) Tj ET Q q 0 0 0 rg BT 136.67 541.30 Td (America Segment EBITDA) Tj ET Q q 0 0 0 rg BT 247.20 541.30 Td ( and approximately a $0.03 positive ef) Tj ET Q q 0 0 0 rg BT 400.59 541.30 Td (fect on diluted earnings per share. ) Tj ET Q q 0 0 0 rg BT 538.41 541.30 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.30 Td (favorable impact resulted from the increase in scrap steel prices between the date we purchased a vehicle, which influences the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.30 Td (price we pay for a vehicle, and the date we scrapped a vehicle, which influences the price we receive for scrapping a vehicle.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 496.50 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 496.50 Td ( as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 516.37 496.50 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 484.50 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 431.20 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 431.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 431.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 431.20 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 401.20 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 401.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 401.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 401.20 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 371.20 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 371.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 371.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 371.20 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 429 431.2 m 495 431.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 431.2 m 495 431.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 356.2 m 495 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 342.2 m 495 342.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 340.2 m 495 340.2 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 103.5 434.18007812499997 m 154.81640625 434.18007812499997 l s q 0 0 0 rg BT 103.50 435.43 Td (North ) Tj ET Q q 0 0 0 rg BT 125.50 435.43 Td (America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.35 451.43 Td (Per) Tj ET Q q 0 0 0 rg BT 450.19 451.43 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.05 443.43 Td (T) Tj ET Q q 0 0 0 rg BT 441.65 443.43 Td (otal Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 435.43 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 420.87 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 177.38 420.87 Td ( for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 420.87 Td (13.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 420.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 405.87 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 390.87 Td (Change in gross mar) Tj ET Q q 0 0 0 rg BT 185.90 390.87 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 390.87 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 390.87 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.50 393.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 375.87 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.95 375.87 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 375.87 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.50 378.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 360.87 Td (Change in other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 360.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 360.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 345.87 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 177.10 345.87 Td ( for the year ended December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 345.87 Td (13.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 345.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 330.45 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 68.00 305.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 305.90 Td (The improvement in gross mar) Tj ET Q q 0 0 0 rg BT 209.13 305.90 Td (gin reflected a 1.1% favorable impact in our salvage operations, primarily attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 293.90 Td (to raising revenue per car by a greater rate than car costs. Revenue per car improved due to higher volumes of parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 281.90 Td (sold per car) Tj ET Q q 0 0 0 rg BT 132.25 281.90 Td (, which was a result of refinements to our buying algorithms, an emphasis on inventorying more parts of) Tj ET Q q 0 0 0 rg BT 549.48 281.90 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 269.90 Td (of each car purchased, and an increase in the number of days we hold each car before it is scrapped. ) Tj ET Q q 0 0 0 rg BT 487.30 269.90 Td (This improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 257.90 Td (was partially of) Tj ET Q q 0 0 0 rg BT 148.02 257.90 Td (fset by an unfavorable impact of 0.4% attributable to our aftermarket operations. ) Tj ET Q q 0 0 0 rg BT 472.72 257.90 Td (W) Tj ET Q q 0 0 0 rg BT 481.76 257.90 Td (ithin our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 245.90 Td (aftermarket operations, we experienced a 0.4% decline in gross mar) Tj ET Q q 0 0 0 rg BT 357.09 245.90 Td (gin primarily as a result of higher input costs from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 233.90 Td (suppliers as well as decreases in net prices caused by higher customer discounts. ) Tj ET Q q 0 0 0 rg BT 410.17 233.90 Td (The remaining change in gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 221.90 Td (mar) Tj ET Q q 0 0 0 rg BT 101.37 221.90 Td (gin was attributable to individually insignificant fluctuations in gross mar) Tj ET Q q 0 0 0 rg BT 395.30 221.90 Td (gin across our other North ) Tj ET Q q 0 0 0 rg BT 502.23 221.90 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 209.90 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 189.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 189.10 Td (The increase in segment operating expenses as a percentage of revenue reflected \(i\) a 0.3% increase in personnel costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 177.10 Td (primarily related to facility and warehouse and SG&A) Tj ET Q q 0 0 0 rg BT 302.88 177.10 Td ( and \(ii\) a 0.2% increase in freight costs driven by higher use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 165.10 Td (third party freight to handle increased volumes, partially of) Tj ET Q q 0 0 0 rg BT 322.13 165.10 Td (fset by \(iii\) a 0.2% decrease in segment operating costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 153.10 Td (attributable to shared PGW) Tj ET Q q 0 0 0 rg BT 194.96 153.10 Td ( corporate expenses incurred during 2016; these costs, which were primarily SG&A) Tj ET Q q 0 0 0 rg BT 529.87 153.10 Td ( costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 141.10 Td (ceased being incurred upon the closing of the sale of the glass manufacturing business on March 1, 2017. ) 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 /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 73.50 661.75 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 661.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 661.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 631.75 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 631.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 631.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 631.75 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 193.5 682.75 m 247.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 682.75 m 251.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 682.75 m 305.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 682.75 m 363.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 682.75 m 421.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 682.75 m 425.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 682.75 m 479.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 682.75 m 483.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 682.75 m 537.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 661.75 m 247.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 661.75 m 305.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 682.75 m 363.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 661.75 m 363.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 682.75 m 367.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 661.75 m 421.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 661.75 m 479.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 661.75 m 537.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 661.75 m 247.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 661.75 m 305.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 661.75 m 363.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 661.75 m 421.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 661.75 m 479.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 661.75 m 537.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 631.75 m 247.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 631.75 m 305.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 631.75 m 247.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 617.75 m 247.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 615.75 m 247.5 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 631.75 m 305.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 617.75 m 305.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 615.75 m 305.5 615.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.70 686.98 Td (Y) Tj ET Q q 0 0 0 rg BT 210.03 686.98 Td (ear) Tj ET Q q 0 0 0 rg BT 220.62 686.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 281.35 686.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 686.98 Td (Per) Tj ET Q q 0 0 0 rg BT 381.97 686.98 Td (centage 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 76 664.730078125 m 101.19140625 664.730078125 l s q 0 0 0 rg BT 76.00 665.98 Td (Eur) Tj ET Q q 0 0 0 rg BT 89.19 665.98 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.00 665.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 665.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.95 665.98 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 347.95 669.61 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 665.98 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 411.52 669.61 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.70 673.98 Td (For) Tj ET Q q 0 0 0 rg BT 450.99 673.98 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.30 665.98 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 466.64 669.61 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.10 665.98 Td (T) Tj ET Q q 0 0 0 rg BT 491.70 665.98 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 651.42 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 651.42 Td (3,628,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 651.42 Td (2,915,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 651.42 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 651.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 651.42 Td (19.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 651.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 651.42 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 651.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 651.42 Td (24.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 651.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 636.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 636.42 Td (7,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 636.42 Td (4,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 636.42 Td (47.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 636.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 636.42 Td (24.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 636.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 636.42 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 636.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 636.42 Td (70.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 636.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 621.42 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 621.42 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 621.42 Td (3,636,81) Tj ET Q q 0 0 0 rg BT 238.60 621.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 621.42 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 621.42 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 621.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 621.42 Td (19.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 621.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 621.42 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 621.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 621.42 Td (24.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 621.42 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 606.00 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 (Parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 224.93 581.45 Td (ganically across all of our aftermarket business units in Europe from both existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 569.45 Td (locations and new branches. In Eastern Europe and ) Tj ET Q q 0 0 0 rg BT 292.69 569.45 Td (W) Tj ET Q q 0 0 0 rg BT 301.33 569.45 Td (estern Europe, we added 65 and 23 branches, respectively) Tj ET Q q 0 0 0 rg BT 532.25 569.45 Td (, since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 557.45 Td (the beginning of the prior year) Tj ET Q q 0 0 0 rg BT 207.50 557.45 Td (, and or) Tj ET Q q 0 0 0 rg BT 237.59 557.45 Td (ganic revenue growth includes revenue from those locations. Revenue at our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 545.45 Td (existing locations grew primarily as a result of increased volumes and, to a lesser extent, increased prices. Or) Tj ET Q q 0 0 0 rg BT 521.79 545.45 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 533.45 Td (revenue growth for our Europe segment on a per day basis was 5.7% as there was one fewer selling day in 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 521.45 Td (compared to 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 500.65 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 500.65 Td (Acquisition related growth for the year ended December 31, 2017 included $216 million, or 7.4%, from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.65 Td (acquisition of Rhiag and $141 million, or 4.8%, from our acquisition of ) Tj ET Q q 0 0 0 rg BT 374.02 488.65 Td (Andrew Page. ) Tj ET Q q 0 0 0 rg BT 432.99 488.65 Td (The remainder of our acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 476.65 Td (revenue growth included revenue from our acquisitions of 23 wholesale businesses in our Europe segment since the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 464.65 Td (beginning of 2016 through the one-year anniversary of the acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 443.85 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 443.85 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 443.85 Td (, exchange rates reduced our revenue growth by $18 million, or 0.6%, primarily due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 431.85 Td (stronger U.S. dollar against the pound sterling during 2017 relative to 2016, partially of) Tj ET Q q 0 0 0 rg BT 435.75 431.85 Td (fset by the weaker U.S. dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 419.85 Td (against the euro during 2017 relative to 2016.) 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 $36 million, or 12.5%, in 2017 compared to the prior year) Tj ET Q q 0 0 0 rg BT 512.52 399.05 Td (. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 387.05 Td (Europe Segment EBITDA) Tj ET Q q 0 0 0 rg BT 160.98 387.05 Td ( included a negative year over year impact of $3 million related to the translation of local currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 375.05 Td (results into U.S. dollars at lower exchange rates than those experienced during 2016. On a constant currency basis \(i.e. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 363.05 Td (excluding the translation impact\), Segment EBITDA) Tj ET Q q 0 0 0 rg BT 266.51 363.05 Td ( increased by $39 million, or 13.7%, compared to the prior year) Tj ET Q q 0 0 0 rg BT 520.33 363.05 Td (.Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 351.05 Td (the Foreign Currency Impact discussion within the Results of Operations - Consolidated section above for further detail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 339.05 Td (regarding foreign currency impact on our results for the year ended December 31, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 318.25 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 318.25 Td ( as a percentage of revenue in our Europe segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 269.95 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 269.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 269.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 269.95 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 239.95 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 239.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 239.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 239.95 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 209.95 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 209.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 209.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 209.95 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 437 194.95000000000005 m 497 194.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 194.95000000000005 m 497 194.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 180.95000000000005 m 497 180.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 178.95000000000005 m 497 178.95000000000005 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 101.5 272.930078125 m 126.69140625 272.930078125 l s q 0 0 0 rg BT 101.50 274.18 Td (Eur) Tj ET Q q 0 0 0 rg BT 114.69 274.18 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 290.18 Td (Per) Tj ET Q q 0 0 0 rg BT 455.19 290.18 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 282.18 Td (T) Tj ET Q q 0 0 0 rg BT 446.65 282.18 Td (otal Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 274.18 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 259.62 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.38 259.62 Td ( for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 259.62 Td (9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 259.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 244.62 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 229.62 Td (Change in gross mar) Tj ET Q q 0 0 0 rg BT 183.90 229.62 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 229.62 Td (\(0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 229.62 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 232.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 214.62 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 214.62 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 214.62 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 217.60 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 199.62 Td (Change in other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 199.62 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 199.62 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 202.60 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 184.62 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.10 184.62 Td ( for the year ended December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 184.62 Td (8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 184.62 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 171.20 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 513.50 167.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 146.65 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 146.65 Td (The decline in gross mar) Tj ET Q q 0 0 0 rg BT 184.68 146.65 Td (gin was due to \(i\) a 0.6% decrease due to our U.K. operations primarily as a result of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 134.65 Td (increase in inventory reserves and incremental costs related to the ) Tj ET Q q 0 0 0 rg BT 351.27 134.65 Td (T) Tj ET Q q 0 0 0 rg BT 356.68 134.65 Td (amworth distribution facility) Tj ET Q q 0 0 0 rg BT 471.01 134.65 Td (, which shifted from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.65 Td (operating expenses to cost of goods sold when the facility went live, \(ii\) a 0.3% decrease due to an unfavorable mix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.65 Td (impact as a result of generating a higher proportion of our revenue from our Rhiag operations, which have lower gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 98.65 Td (mar) Tj ET Q q 0 0 0 rg BT 101.37 98.65 Td (gins than our other Europe operations, \(iii\) a 0.3% decrease due to an acquisition in Eastern Europe during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 86.65 Td (year which has lower gross mar) Tj ET Q q 0 0 0 rg BT 212.72 86.65 Td (gins than our other Europe operations, partially of) Tj ET Q q 0 0 0 rg BT 412.49 86.65 Td (fset by \(iv\) a 0.6% increase in gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.65 Td (mar) Tj ET Q q 0 0 0 rg BT 101.37 74.65 Td (gin in our Benelux operations primarily due to increased private label sales, which have higher gross mar) Tj ET Q q 0 0 0 rg BT 521.89 74.65 Td (gins, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 62.65 Td (\(v\) a 0.2% increase due to a favorable impact related to an increase in supplier rebates as a result of centralized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 50.65 Td (procurement for our Europe segment. ) Tj ET Q q 0 0 0 rg BT 238.54 50.65 Td (The remaining change in gross mar) Tj ET Q q 0 0 0 rg BT 379.71 50.65 Td (gin was attributable to individually ) 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 86.00 742.10 Td (insignificant fluctuations in gross mar) Tj ET Q q 0 0 0 rg BT 237.46 742.10 Td (gin across our other Europe operations.) 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 increase in segment operating expenses as a percentage of revenue reflected \(i\) an increase of 0.8% in operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 709.30 Td (expenses as a result of the acquisition of ) Tj ET Q q 0 0 0 rg BT 249.29 709.30 Td (Andrew Page, which has higher operating expenses as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.30 Td (revenue than our other Europe operations and \(ii\) an increase of 0.4% in operating expenses in our Benelux ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 685.30 Td (operations, primarily due to increased personnel costs related to distribution, partially of) Tj ET Q q 0 0 0 rg BT 438.78 685.30 Td (fset by \(iii\) a 0.2% favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 673.30 Td (mix impact due to our acquisition of Rhiag, which has lower operating expenses as a percentage of revenue than our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 661.30 Td (other Europe operations. ) Tj ET Q q 0 0 0 rg BT 186.90 661.30 Td (The remaining decrease in segment operating expenses reflected a number of individually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 649.30 Td (insignificant fluctuations in operating expenses as a percentage of revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 628.50 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 628.50 Td (Approximately half of the decrease in other expense, net was due to the impact of foreign currency transaction gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.50 Td (and losses, primarily due to unrealized mark-to-market gains and losses on foreign currency forward contracts used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.50 Td (hedge the purchases of inventory in our U.K. operations, which were favorable in 2017 relative to the prior year) Tj ET Q q 0 0 0 rg BT 533.35 604.50 Td (. ) Tj ET Q q 0 0 0 rg BT 538.17 604.50 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.50 Td (remaining decrease in other expense, net reflected a number of individually insignificant fluctuations in other expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.50 Td (net as a percentage of revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 547.70 Td (Specialty) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 529.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 529.70 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 529.70 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 529.70 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 529.70 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 50.00 517.70 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 467.20 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 467.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 467.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 467.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 467.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 467.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 467.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 467.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 467.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 467.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 467.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 467.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 437.20 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 437.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 437.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 437.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 437.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 437.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 437.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 437.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 437.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 437.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 437.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 437.20 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 193.5 488.2 m 247.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 488.2 m 251.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 488.2 m 305.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 488.2 m 363.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 488.2 m 367.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 488.2 m 421.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 488.2 m 425.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 488.2 m 479.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 488.2 m 483.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 488.2 m 537.5 488.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 467.2 m 247.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 467.2 m 305.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 467.2 m 363.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 467.2 m 421.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 467.2 m 479.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 467.2 m 537.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 467.2 m 247.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 467.2 m 305.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 467.2 m 363.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 467.2 m 421.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 467.2 m 479.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 467.2 m 537.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 437.2 m 247.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 437.2 m 305.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 437.2 m 247.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 423.2 m 247.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 421.2 m 247.5 421.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 437.2 m 305.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 423.2 m 305.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 421.2 m 305.5 421.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.70 492.43 Td (Y) Tj ET Q q 0 0 0 rg BT 210.03 492.43 Td (ear) Tj ET Q q 0 0 0 rg BT 220.62 492.43 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 281.35 492.43 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 492.43 Td (Per) Tj ET Q q 0 0 0 rg BT 381.97 492.43 Td (centage 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 76 470.18007812499997 m 107.109375 470.18007812499997 l s q 0 0 0 rg BT 76.00 471.43 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.00 471.43 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 471.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.95 471.43 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 347.95 475.06 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 471.43 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 411.52 475.06 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.70 479.43 Td (For) Tj ET Q q 0 0 0 rg BT 451.07 479.43 Td (eign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.30 471.43 Td (Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.10 471.43 Td (T) Tj ET Q q 0 0 0 rg BT 491.70 471.43 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 456.87 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 456.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 456.87 Td (1,301,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 456.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 456.87 Td (1,219,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 456.87 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 456.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 456.87 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 456.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 456.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 456.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 456.87 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 456.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 441.87 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 441.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 441.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 441.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 441.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 441.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 441.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 441.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 441.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 441.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 441.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 426.87 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 426.87 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 426.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 426.87 Td (1,301,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 426.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 426.87 Td (1,219,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 426.87 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 426.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 426.87 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 426.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 426.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 426.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 426.87 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 426.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 411.45 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 68.00 386.90 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 386.90 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 386.90 Td (ganic growth in parts & services revenue was driven by increased sales volumes of ) Tj ET Q q 0 0 0 rg BT 430.53 386.90 Td (T) Tj ET Q q 0 0 0 rg BT 436.29 386.90 Td (ruck, ) Tj ET Q q 0 0 0 rg BT 458.88 386.90 Td (T) Tj ET Q q 0 0 0 rg BT 464.29 386.90 Td (owing and R) Tj ET Q q 0 0 0 rg BT 514.59 386.90 Td (V) Tj ET Q q 0 0 0 rg BT 521.63 386.90 Td ( parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 374.90 Td (sales. ) Tj ET Q q 0 0 0 rg BT 110.26 374.90 Td (This or) Tj ET Q q 0 0 0 rg BT 138.69 374.90 Td (ganic growth was fueled by favorable economic conditions in most of our primary selling regions, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 362.90 Td (well as increased sales volumes of light trucks and R) Tj ET Q q 0 0 0 rg BT 296.54 362.90 Td (Vs. Or) Tj ET Q q 0 0 0 rg BT 323.02 362.90 Td (ganic revenue growth for our Specialty segment on a per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 350.90 Td (day basis was 5.1%, as there was one fewer selling day in 2017 compared to 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 330.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 330.10 Td (Acquisition related growth in 2017 included $20 million, or 1.7%, from our acquisition of ) Tj ET Q q 0 0 0 rg BT 448.26 330.10 Td (W) Tj ET Q q 0 0 0 rg BT 456.90 330.10 Td (arn. ) Tj ET Q q 0 0 0 rg BT 474.49 330.10 Td (The remainder of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 318.10 Td (acquired revenue growth reflected revenue from our acquisition of 3 wholesale businesses from the beginning of 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 306.10 Td (up to the one-year anniversary of the acquisition dates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 285.30 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 285.30 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 238.42 285.30 Td ( increased $1) Tj ET Q q 0 0 0 rg BT 290.80 285.30 Td (1 million, or 8.2%, in 2017 compared to the prior year) Tj ET Q q 0 0 0 rg BT 507.14 285.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 264.50 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 264.50 Td ( as a percentage of revenue in our Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 252.50 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 209.00 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 209.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 209.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 209.00 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 179.00 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 179.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 179.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 179.00 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 149.00 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 149.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 149.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 149.00 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 437 209 m 497 209 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 209 m 497 209 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 134 m 497 134 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 120 m 497 120 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 118 m 497 118 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 118 m 497 118 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 120 m 497 120 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 101.5 211.98007812499998 m 132.609375 211.98007812499998 l s q 0 0 0 rg BT 101.50 213.23 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 228.08 Td (Per) Tj ET Q q 0 0 0 rg BT 455.19 228.08 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 220.08 Td (T) Tj ET Q q 0 0 0 rg BT 446.65 220.08 Td (otal Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 212.08 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 198.67 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.38 198.67 Td ( for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 198.67 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 198.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 183.67 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 168.67 Td (Change in gross mar) Tj ET Q q 0 0 0 rg BT 183.90 168.67 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 168.67 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 168.67 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 171.65 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 153.67 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 153.67 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 153.67 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 156.65 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 138.67 Td (Change in other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 138.67 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 138.67 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 123.67 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.10 123.67 Td ( for the year ended December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 123.67 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 123.67 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 110.25 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 88.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 88.50 Td (The decline in gross mar) Tj ET Q q 0 0 0 rg BT 184.68 88.50 Td (gin primarily reflected a 0.5% decrease due to higher overhead costs in inventory) Tj ET Q q 0 0 0 rg BT 509.18 88.50 Td (, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 76.50 Td (driven by warehouse costs for two new distribution centers that became fully functional in 2016. ) 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 68.00 742.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The decrease in segment operating expenses reflected \(i\) favorable facility and warehouse expenses of 0.7% primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (related to the integration of Coast facilities and \(ii\) favorable personnel costs of 0.2% in SG&A) Tj ET Q q 0 0 0 rg BT 467.01 730.10 Td ( as a result of syner) Tj ET Q q 0 0 0 rg BT 544.31 730.10 Td (gies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (realized on the integration of Coast facilities.) 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, 2016) 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, 2015) 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 (Y) Tj ET Q q 0 0 0 rg BT 205.03 606.83 Td (ear) Tj ET Q q 0 0 0 rg BT 215.62 606.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 276.35 606.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 606.83 Td (Per) Tj ET Q q 0 0 0 rg BT 381.97 606.83 Td (centage 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 ) Tj ET Q q 0 0 0 rg BT 93.00 585.83 Td (America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.00 585.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.00 585.83 Td (2015) 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 (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 593.83 Td (For) Tj ET Q q 0 0 0 rg BT 455.99 593.83 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 585.83 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 471.64 589.46 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.10 585.83 Td (T) Tj ET Q q 0 0 0 rg BT 496.70 585.83 Td (otal 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 571.27 Td (4,009,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 571.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 571.27 Td (3,643,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.75 571.27 Td (2.9) 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 (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 571.27 Td (7.4) 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 (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 571.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.75 571.27 Td (10.0) 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 (434,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 556.27 Td (474,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.45 556.27 Td (\(1) Tj ET Q q 0 0 0 rg BT 333.78 556.27 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 556.27 Td (\)%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.00 561.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 556.27 Td (3.0) 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 (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 556.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.45 556.27 Td (\(8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.30 556.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.27 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 541.27 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 541.27 Td (4,443,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.60 541.27 Td (4,1) Tj ET Q q 0 0 0 rg BT 269.10 541.27 Td (18,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.75 541.27 Td (1.3) 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 (6.9) 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 (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 541.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.75 541.27 Td (7.9) 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 (Or) Tj ET Q q 0 0 0 rg BT 96.37 504.10 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 86.00 492.10 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 86.00 480.10 Td (higher quality vehicles, which raised the average revenue per part sold. Or) Tj ET Q q 0 0 0 rg BT 383.20 480.10 Td (ganic revenue also grew due to increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 468.10 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 86.00 456.10 Td (purchasing levels, which contributed to a greater volume of parts available for sale. ) Tj ET Q q 0 0 0 rg BT 421.53 456.10 Td (The or) Tj ET Q q 0 0 0 rg BT 447.73 456.10 Td (ganic growth was partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 444.10 Td (of) Tj ET Q q 0 0 0 rg BT 94.15 444.10 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 432.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 432.10 Td (ganic revenue growth in parts and services was also negatively af) Tj ET Q q 0 0 0 rg BT 357.76 432.10 Td (fected by milder winter weather conditions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 420.10 Td (North ) Tj ET Q q 0 0 0 rg BT 111.28 420.10 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 490.58 420.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 402.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 402.10 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 86.00 390.10 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 86.00 378.10 Td (lower prices year over year) Tj ET Q q 0 0 0 rg BT 194.43 378.10 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 86.00 366.10 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 86.00 354.10 Td (lower prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 336.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 336.10 Td (Acquisition related growth in 2016 includes$209 million from our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 435.21 336.10 Td ( autoglass. ) Tj ET Q q 0 0 0 rg BT 479.75 336.10 Td (The remainder of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 324.10 Td (our acquired revenue growth reflects revenue from our acquisition of nine wholesale businesses and a self service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 312.10 Td (retail 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 68.00 294.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 294.10 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 294.10 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 86.00 282.10 Td (the U.S. dollar against the Canadian dollar compared to the prior year) Tj ET Q q 0 0 0 rg BT 363.97 282.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 264.10 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.82 264.10 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 235.42 264.10 Td ( increased $49 million, or 9.1%, in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 504.52 264.10 Td (. ) Tj ET Q q 0 0 0 rg BT 509.33 264.10 Td (While other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (revenue decreased from the prior year) Tj ET Q q 0 0 0 rg BT 201.46 252.10 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 50.00 240.10 Td (benefited gross mar) Tj ET Q q 0 0 0 rg BT 128.68 240.10 Td (gins and had a favorable impact of $8 million on North ) Tj ET Q q 0 0 0 rg BT 351.13 240.10 Td (America Segment EBITDA) Tj ET Q q 0 0 0 rg BT 461.66 240.10 Td ( and approximately a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td ($0.02 positive ef) Tj ET Q q 0 0 0 rg BT 116.75 228.10 Td (fect on diluted earnings per share. ) Tj ET Q q 0 0 0 rg BT 254.58 228.10 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 50.00 216.10 Td (between the date we purchased the car) Tj ET Q q 0 0 0 rg BT 203.41 216.10 Td (, which influences the price we pay for the car) Tj ET Q q 0 0 0 rg BT 387.92 216.10 Td (, and the date we scrapped the car) Tj ET Q q 0 0 0 rg BT 522.46 216.10 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 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 89.00 183.30 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 183.30 Td ( as a percentage of revenue in our North ) Tj ET Q q 0 0 0 rg BT 516.37 183.30 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 171.30 Td (segment:) 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 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 721.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 721.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 721.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 721.50 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 691.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 691.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 691.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 691.50 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 661.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 661.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 661.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 661.50 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 429 721.5 m 495 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 721.5 m 495 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 646.5 m 495 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 632.5 m 495 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 630.5 m 495 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 630.5 m 495 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 632.5 m 495 632.5 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 103.5 724.480078125 m 154.81640625 724.480078125 l s q 0 0 0 rg BT 103.50 725.73 Td (North ) Tj ET Q q 0 0 0 rg BT 125.50 725.73 Td (America) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.35 740.58 Td (Per) Tj ET Q q 0 0 0 rg BT 450.19 740.58 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.05 732.58 Td (T) Tj ET Q q 0 0 0 rg BT 441.65 732.58 Td (otal Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 724.58 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 711.17 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 177.38 711.17 Td ( for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 711.17 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 711.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 696.17 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 681.17 Td (Change in gross mar) Tj ET Q q 0 0 0 rg BT 185.90 681.17 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 681.17 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 681.17 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.50 684.15 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 666.17 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.95 666.17 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 666.17 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.50 669.15 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 651.17 Td (Change in other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 651.17 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 651.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 636.17 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 177.10 636.17 Td ( for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 636.17 Td (13.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 636.17 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 620.75 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 68.00 596.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 596.20 Td (The improvement in gross mar) Tj ET Q q 0 0 0 rg BT 209.13 596.20 Td (gin reflects a 0.8% favorable impact from our self service operations, as car costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 584.20 Td (decreased by a greater percentage year over year than revenue. ) Tj ET Q q 0 0 0 rg BT 339.27 584.20 Td (W) Tj ET Q q 0 0 0 rg BT 348.31 584.20 Td (ithin our wholesale operations, we experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 572.20 Td (a0.5% favorable impact on gross mar) Tj ET Q q 0 0 0 rg BT 237.71 572.20 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 86.00 560.20 Td (operations during 2016, which reduced our product costs. Partially of) Tj ET Q q 0 0 0 rg BT 363.26 560.20 Td (fsetting these increases was an unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 548.20 Td (impact of 0.4% related to our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 284.94 548.20 Td ( autoglass, which had lower gross mar) Tj ET Q q 0 0 0 rg BT 437.78 548.20 Td (gins than our existing North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 536.20 Td (America operations as a result of a non-recurring inventory step-up adjustment recorded upon acquisition and higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 524.20 Td (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 68.00 503.40 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 503.40 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 86.00 491.40 Td (0.4% related to our PGW) Tj ET Q q 0 0 0 rg BT 187.18 491.40 Td ( autoglass acquisition, which had higher operating expenses as a percentage of revenue than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 479.40 Td (our existing North ) Tj ET Q q 0 0 0 rg BT 161.27 479.40 Td (America operations as a result of incremental costs related to shared PGW) Tj ET Q q 0 0 0 rg BT 458.49 479.40 Td ( corporate expenses that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 467.40 Td (did not reoccur after the sale of the PGW) Tj ET Q q 0 0 0 rg BT 250.20 467.40 Td ( glass manufacturing business, and \(ii\) a 0.3% increase in personnel costs as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 455.40 Td (percentage of revenue. ) Tj ET Q q 0 0 0 rg BT 179.10 455.40 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 310.52 455.40 Td (fset by a 0.2% improvement in fuel prices as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 443.40 Td (revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 422.60 Td (Europe) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 404.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 404.60 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 404.60 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 404.60 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 404.60 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 50.00 392.60 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 72.50 342.10 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 342.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 342.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 342.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 342.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 342.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 342.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 342.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.50 312.10 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 312.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 312.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 312.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 312.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 312.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 312.10 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 312.10 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 192.5 363.1 m 246.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 363.1 m 250.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 363.1 m 304.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 363.1 m 362.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 363.1 m 368.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 363.1 m 422.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 363.1 m 426.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 363.1 m 480.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 363.1 m 484.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 363.1 m 538.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 342.1 m 246.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 342.1 m 304.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 363.1 m 362.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 342.1 m 362.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 363.1 m 368.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 363.1 m 422.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 342.1 m 422.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 363.1 m 426.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 342.1 m 480.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 342.1 m 538.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 342.1 m 246.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 342.1 m 304.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 342.1 m 362.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 342.1 m 422.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 342.1 m 480.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 342.1 m 538.5 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 312.1 m 246.5 312.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 312.1 m 304.5 312.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 312.1 m 246.5 312.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 298.1 m 246.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 296.1 m 246.5 296.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 312.1 m 304.5 312.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 298.1 m 304.5 298.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 296.1 m 304.5 296.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.70 367.33 Td (Y) Tj ET Q q 0 0 0 rg BT 209.03 367.33 Td (ear) Tj ET Q q 0 0 0 rg BT 219.62 367.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 280.35 367.33 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 367.33 Td (Per) Tj ET Q q 0 0 0 rg BT 381.97 367.33 Td (centage 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 75 345.080078125 m 100.19140625 345.080078125 l s q 0 0 0 rg BT 75.00 346.33 Td (Eur) Tj ET Q q 0 0 0 rg BT 88.19 346.33 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.00 346.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.00 346.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.95 346.33 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 346.95 349.96 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.40 346.33 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 412.52 349.96 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 354.33 Td (For) Tj ET Q q 0 0 0 rg BT 451.99 354.33 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.30 346.33 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 467.64 349.96 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.10 346.33 Td (T) Tj ET Q q 0 0 0 rg BT 492.70 346.33 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 331.77 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 331.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 331.77 Td (2,915,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 331.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 331.77 Td (1,991,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.75 331.77 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 331.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 331.77 Td (47.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 331.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 331.77 Td (\(7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 331.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 331.77 Td (46.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 331.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 316.77 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.15 316.77 Td (4,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 316.77 Td (4,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.45 316.77 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.30 316.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 316.77 Td (15.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 316.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 316.77 Td (\(7.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 316.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 316.77 Td (8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 316.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 301.77 Td (T) Tj ET Q q 0 0 0 rg BT 80.41 301.77 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 301.77 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 301.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 301.77 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.75 301.77 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 301.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 301.77 Td (47.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 301.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 301.77 Td (\(7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 301.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 301.77 Td (46.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 301.77 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.00 286.35 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 68.00 261.80 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 261.80 Td (In our U.K. operations, parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 319.63 261.80 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 86.00 249.80 Td (parts and services revenue grew or) Tj ET Q q 0 0 0 rg BT 224.37 249.80 Td (ganically by 4.5%. Our or) Tj ET Q q 0 0 0 rg BT 328.05 249.80 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 86.00 237.80 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 86.00 225.80 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 86.00 213.80 Td (anniversary of their respective opening dates. Or) Tj ET Q q 0 0 0 rg BT 280.47 213.80 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 86.00 201.80 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 509.57 201.80 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 189.80 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 453.38 189.80 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 169.00 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.00 Td (Acquisition related growth for the year) Tj ET Q q 0 0 0 rg BT 241.58 169.00 Td (-ended December 31, 2016 includes $848 million from our acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.00 Td (Rhiag. ) Tj ET Q q 0 0 0 rg BT 114.71 157.00 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 86.00 145.00 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 86.00 133.00 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 68.00 112.20 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.20 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 112.20 Td (, exchange rates reduced our revenue growth by $158 million, or7.9%, primarily due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 100.20 Td (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 79.40 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 79.40 Td (.Segment EBITDA) Tj ET Q q 0 0 0 rg BT 238.42 79.40 Td ( increased $83 million, or 41.4%, in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 512.52 79.40 Td (. Our Rhiag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 67.40 Td (acquisition contributed $94 million to Segment EBITDA) Tj ET Q q 0 0 0 rg BT 283.20 67.40 Td ( in 2016, while our ) Tj ET Q q 0 0 0 rg BT 360.97 67.40 Td (Andrew Page acquisition generated a loss of $5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 55.40 Td (million. Our Europe Segment EBITDA) Tj ET Q q 0 0 0 rg BT 212.92 55.40 Td ( includes a negative year over year impact of $18 million related to the translation of ) 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 56.00 742.10 Td (local currency results into U.S. dollars at lower exchange rates than those experienced during 2015. On a constant currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 730.10 Td (basis \(i.e. excluding the translation impact\), Segment EBITDA) Tj ET Q q 0 0 0 rg BT 307.05 730.10 Td ( increased by $101 million, or 50.2%, compared to the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 718.10 Td (year) Tj ET Q q 0 0 0 rg BT 72.66 718.10 Td (.Refer to the Foreign Currency Impact discussion within the Results of Operations - Consolidated section above for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 706.10 Td (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 89.00 685.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.32 685.30 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 356.26 685.30 Td ( as a percentage of revenue in our Europe segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 639.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 639.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 639.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 639.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 609.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 609.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 609.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 609.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 579.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 579.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 579.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 579.80 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 437 639.8 m 497 639.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 639.8 m 497 639.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 564.8 m 497 564.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 550.8 m 497 550.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 548.8 m 497 548.8 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 101.5 642.780078125 m 126.69140625 642.780078125 l s q 0 0 0 rg BT 101.50 644.03 Td (Eur) Tj ET Q q 0 0 0 rg BT 114.69 644.03 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 660.03 Td (Per) Tj ET Q q 0 0 0 rg BT 455.19 660.03 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 652.03 Td (T) Tj ET Q q 0 0 0 rg BT 446.65 652.03 Td (otal Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 644.03 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 629.47 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.38 629.47 Td ( for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 629.47 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 629.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 614.47 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 599.47 Td (Change in gross mar) Tj ET Q q 0 0 0 rg BT 183.90 599.47 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 599.47 Td (\(1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 599.47 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 602.45 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 584.47 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 584.47 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 584.47 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 587.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 569.47 Td (Change in other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 569.47 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 569.47 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 554.47 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.10 554.47 Td ( for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 554.47 Td (9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 554.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 541.05 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 513.50 537.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 516.50 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 516.50 Td (The decrease in gross mar) Tj ET Q q 0 0 0 rg BT 190.22 516.50 Td (gin reflects a 1.3% decline in gross mar) Tj ET Q q 0 0 0 rg BT 348.32 516.50 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 86.00 504.50 Td (gross mar) Tj ET Q q 0 0 0 rg BT 124.98 504.50 Td (gins than our other Europe operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 483.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 483.70 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 86.00 471.70 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 86.00 459.70 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 86.00 447.70 Td (personnel costs. Partially of) Tj ET Q q 0 0 0 rg BT 196.91 447.70 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 86.00 435.70 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 423.70 Td (0.3% related to the addition of facility and personnel costs for the ) Tj ET Q q 0 0 0 rg BT 350.46 423.70 Td (T) Tj ET Q q 0 0 0 rg BT 355.87 423.70 Td (amworth distribution facility) Tj ET Q q 0 0 0 rg BT 470.20 423.70 Td (, and \(ii\) an increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 411.70 Td (of 0.3% in operating expenses as a result of the acquisition of ) Tj ET Q q 0 0 0 rg BT 333.99 411.70 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 86.00 399.70 Td (percentage of revenue than our other Europe operations. ) Tj ET Q q 0 0 0 rg BT 313.22 399.70 Td (While we had closed the ) Tj ET Q q 0 0 0 rg BT 413.47 399.70 Td (Andrew Page acquisition and were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 387.70 Td (consolidating its results, we were 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 86.00 375.70 Td (received approval from the U.K. Competition and Markets ) Tj ET Q q 0 0 0 rg BT 322.60 375.70 Td (Authority) Tj ET Q q 0 0 0 rg BT 360.84 375.70 Td (, which concluded its approval process in October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 363.70 Td (2017.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 330.90 Td (Specialty) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 312.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 312.90 Td (Thir) Tj ET Q q 0 0 0 rg BT 102.86 312.90 Td (d Party Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.94 312.90 Td (. ) Tj ET Q q 0 0 0 rg BT 176.26 312.90 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 50.00 300.90 Td (segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 250.40 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 250.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 250.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 250.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 250.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 250.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 250.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 220.40 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 220.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 220.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 220.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 220.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 220.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 220.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 220.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 220.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 220.40 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 220.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 220.40 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 193.5 271.4 m 247.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 271.4 m 251.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 271.4 m 305.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 271.4 m 363.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 271.4 m 367.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 271.4 m 421.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 271.4 m 425.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 271.4 m 479.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 271.4 m 483.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 271.4 m 537.5 271.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 250.39999999999998 m 247.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 250.39999999999998 m 305.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 250.39999999999998 m 363.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 250.39999999999998 m 421.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 250.39999999999998 m 479.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 250.39999999999998 m 537.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 250.39999999999998 m 247.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 250.39999999999998 m 305.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 250.39999999999998 m 363.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 250.39999999999998 m 421.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 250.39999999999998 m 479.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 250.39999999999998 m 537.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 220.39999999999998 m 247.5 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 220.39999999999998 m 305.5 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 220.39999999999998 m 247.5 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 206.39999999999998 m 247.5 206.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 204.39999999999998 m 247.5 204.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 220.39999999999998 m 305.5 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 206.39999999999998 m 305.5 206.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 204.39999999999998 m 305.5 204.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.70 275.63 Td (Y) Tj ET Q q 0 0 0 rg BT 210.03 275.63 Td (ear) Tj ET Q q 0 0 0 rg BT 220.62 275.63 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 281.35 275.63 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.05 275.63 Td (Per) Tj ET Q q 0 0 0 rg BT 381.97 275.63 Td (centage 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 76 253.38007812499995 m 107.109375 253.38007812499995 l s q 0 0 0 rg BT 76.00 254.63 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.00 254.63 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 254.63 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.95 254.63 Td (Organic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 347.95 258.26 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 254.63 Td (Acquisition ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 411.52 258.26 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.70 262.63 Td (For) Tj ET Q q 0 0 0 rg BT 450.99 262.63 Td (eign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.30 254.63 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 466.64 258.26 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.10 254.63 Td (T) Tj ET Q q 0 0 0 rg BT 491.70 254.63 Td (otal Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 240.07 Td (Parts & services revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 240.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 240.07 Td (1,219,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 240.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 240.07 Td (1,078,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 240.07 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 240.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 240.07 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 240.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 240.07 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 240.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 240.07 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 240.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 225.07 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 225.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 225.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 225.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 225.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 225.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 225.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.30 225.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 225.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 225.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 225.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 210.07 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 210.07 Td (otal third party revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 210.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 210.07 Td (1,219,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 210.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 210.07 Td (1,078,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 210.07 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 210.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 210.07 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 210.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 210.07 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 210.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 210.07 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 210.07 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 194.65 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 68.00 170.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 170.10 Td (Or) Tj ET Q q 0 0 0 rg BT 96.37 170.10 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 526.78 170.10 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 158.10 Td (as we continued to expand the breadth and depth of our inventory of) Tj ET Q q 0 0 0 rg BT 359.07 158.10 Td (ferings and added delivery capacity to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 146.10 Td (integrated distribution network to allow us to realize syner) Tj ET Q q 0 0 0 rg BT 319.65 146.10 Td (gies associated with the integration of Coast. ) Tj ET Q q 0 0 0 rg BT 501.09 146.10 Td (Through most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 134.10 Td (of 2016, we also saw growth from favorable macro trends and economic conditions, which increased consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.10 Td (discretionary spending on automotive and recreational vehicle parts and accessories.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 101.30 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 101.30 Td (Acquisition related growth reflects the impact of the Coast acquisition on ) Tj ET Q q 0 0 0 rg BT 381.21 101.30 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 89.30 Td (anniversary of the acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 68.50 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 68.50 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 68.50 Td (, exchange rates reduced our revenue growth by $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 56.50 Td (strengthening of the U.S dollar against the Canadian dollar relative to 2015.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 742.10 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.82 742.10 Td (. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 238.42 742.10 Td ( increased $18 million, or 16.0%, in 2016 compared to the prior year) Tj ET Q q 0 0 0 rg BT 512.52 742.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 721.30 Td (The following table summarizes the changes in Segment EBITDA) Tj ET Q q 0 0 0 rg BT 353.94 721.30 Td ( as a percentage of revenue in our Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 709.30 Td (segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 665.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 665.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 665.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 665.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 635.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 635.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 635.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 635.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 605.80 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 605.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 605.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 605.80 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 437 665.8 m 497 665.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 665.8 m 497 665.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 605.8 m 497 605.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 591.8 m 497 591.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 589.8 m 497 589.8 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 101.5 668.780078125 m 132.609375 668.780078125 l s q 0 0 0 rg BT 101.50 670.03 Td (Specialty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 684.88 Td (Per) Tj ET Q q 0 0 0 rg BT 455.19 684.88 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 676.88 Td (T) Tj ET Q q 0 0 0 rg BT 446.65 676.88 Td (otal Segment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 668.88 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 655.47 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.38 655.47 Td ( for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 655.47 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 655.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 640.47 Td (\(Decrease\) increase due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 625.47 Td (Change in gross mar) Tj ET Q q 0 0 0 rg BT 183.90 625.47 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 625.47 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 625.47 Td (\)%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 628.45 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 610.47 Td (Change in segment operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 610.47 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 610.47 Td (%) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 499.50 613.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 595.47 Td (Segment EBITDA) Tj ET Q q 0 0 0 rg BT 175.10 595.47 Td ( for the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 595.47 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 595.47 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 582.05 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 68.00 560.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 560.30 Td (The decline in gross mar) Tj ET Q q 0 0 0 rg BT 184.68 560.30 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 86.00 548.30 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 86.00 536.30 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 86.00 524.30 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 86.00 512.30 Td (volume in 2015 from the initial stocking of those two new distribution centers. ) Tj ET Q q 0 0 0 rg BT 402.99 512.30 Td (These negative ef) Tj ET Q q 0 0 0 rg BT 473.33 512.30 Td (fects were partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 500.30 Td (of) Tj ET Q q 0 0 0 rg BT 94.15 500.30 Td (fset by a 0.4% improvement due to Coast related freight syner) Tj ET Q q 0 0 0 rg BT 342.51 500.30 Td (gies as more volume went through the existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 488.30 Td (Specialty network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 470.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 470.30 Td (The decrease in segment operating expenses reflects a favorable 0.9% reduction in selling, general and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 458.30 Td (expenses primarily related to \(i\) a 0.3% decline in personnel costs from the realization of integration syner) Tj ET Q q 0 0 0 rg BT 511.51 458.30 Td (gies, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 446.30 Td (lower bad debt expense of 0.2% due to increased collection ef) Tj ET Q q 0 0 0 rg BT 333.78 446.30 Td (forts and \(iii\) individually insignificant decreases across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 434.30 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 86.00 422.30 Td (due to lower fuel and freight costs were of) Tj ET Q q 0 0 0 rg BT 255.20 422.30 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 86.00 410.30 Td (the higher cost of Coast facilities as well as the addition of two new distribution centers.) 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 /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 79.50 683.95 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 683.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 683.95 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 683.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 653.95 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 653.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 653.95 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 653.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 623.95 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 623.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 623.95 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 623.95 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 409.5 683.95 m 467.5 683.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 683.95 m 531.5 683.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.75 696.18 Td (December) Tj ET Q q 0 0 0 rg BT 449.32 696.18 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.00 688.18 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 696.18 Td (December) Tj ET Q q 0 0 0 rg BT 513.25 696.18 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 688.18 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 673.62 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 673.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 673.62 Td (279,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 673.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 673.62 Td (227,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 658.62 Td (T) Tj ET Q q 0 0 0 rg BT 87.41 658.62 Td (otal debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.62 663.15 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.60 658.62 Td (3,428,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.60 658.62 Td (3,365,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 643.62 Td (Current maturities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 157.54 648.15 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 643.62 Td (129,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 643.62 Td (68,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 628.62 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 207.50 633.15 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.60 628.62 Td (2,850,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.60 628.62 Td (2,550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 613.62 Td (A) Tj ET Q q 0 0 0 rg BT 88.48 613.62 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 218.99 618.15 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.60 613.62 Td (1,395,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.60 613.62 Td (1,019,1) Tj ET Q q 0 0 0 rg BT 517.60 613.62 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 598.62 Td (T) Tj ET Q q 0 0 0 rg BT 87.41 598.62 Td (otal liquidity \(cash and cash equivalents plus availability under credit facilities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.60 598.62 Td (1,674,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.60 598.62 Td (1,246,512) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 576.45 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.49 576.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 576.45 Td (Debt amounts reflect the gross values to be repaid \(excluding debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.12 576.45 Td ($24 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.52 576.45 Td ( as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 564.45 Td (2017 and 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 546.45 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 546.45 Td (Debt amounts reflect the gross values to be repaid \(excluding debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.12 546.45 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.52 546.45 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.95 546.45 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.35 546.45 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 534.45 Td (December 31, 2017 and 2016, respectively\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 516.45 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 516.45 Td (Capacity under credit facilities includes our revolving credit facilities and our receivables securitization facility) Tj ET Q q 0 0 0 rg BT 530.45 516.45 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 504.45 Td (A) Tj ET Q q 0 0 0 rg BT 92.48 504.45 Td (vailability under credit facilities is reduced by our letters of credit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 486.45 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 486.45 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 50.00 474.45 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 528.85 474.45 Td (W) Tj ET Q q 0 0 0 rg BT 537.49 474.45 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.45 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 50.00 450.45 Td (funding acquisitions or paying down outstanding debt. ) Tj ET Q q 0 0 0 rg BT 269.98 450.45 Td (As we have pursued acquisitions as part of our growth strategy) Tj ET Q q 0 0 0 rg BT 520.94 450.45 Td (, our cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.45 Td (flows from operations have not always been suf) Tj ET Q q 0 0 0 rg BT 241.16 438.45 Td (ficient to cover our investing activities. ) Tj ET Q q 0 0 0 rg BT 400.10 438.45 Td (T) Tj ET Q q 0 0 0 rg BT 405.51 438.45 Td (o fund our acquisitions, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.45 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 50.00 414.45 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 414.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 396.45 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 396.45 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 396.45 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 95.00 378.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 378.45 Td (Senior secured credit facilities maturing in January 2023, composed of term loans totaling $750 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 366.45 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.83 366.45 Td ($705 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.22 366.45 Td ( outstanding at December 31, 2017\) and $2.75 billion in revolving credit \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.27 366.45 Td ($1.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.38 366.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 354.45 Td (outstanding at December 31, 2017\), bearing interest at variable rates \(although a portion of this debt is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 342.45 Td (hedged through interest rate swap contracts\), reduced by $71 million of amounts outstanding under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 330.45 Td (letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 312.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 312.45 Td (U.S. Notes \(2023\) totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.83 312.45 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.22 312.45 Td (, maturing in May 2023 and bearing interest at a 4.75% fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 300.45 Td (rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 282.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 282.45 Td (Euro Notes \(2024\) totaling $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.48 282.45 Td (600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.87 282.45 Td ( \(500 million\), maturing in ) Tj ET Q q 0 0 0 rg BT 383.75 282.45 Td (April 2024 and bearing interest at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 270.45 Td (3.875% fixed rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 252.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 252.45 Td (Receivables securitization facility with availability up to $100 million \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.26 252.45 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 252.45 Td ( outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 240.45 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.08 240.45 Td (\), 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 108.50 228.45 Td (rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 210.45 Td (From time to time, we may undertake financing transactions to increase our available liquidity) Tj ET Q q 0 0 0 rg BT 463.02 210.45 Td (, such as our December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.45 Td (2017 and January 2016 amendments to our senior secured credit facilities, the issuance of 500 million of Euro Notes \(2024\) in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.45 Td (April 2016, and the November 2016 amendment to our receivables securitization facility) Tj ET Q q 0 0 0 rg BT 404.24 186.45 Td (. Our financing structure, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.45 Td (includes our senior secured credit facilities, senior notes, and receivables securitization facility) Tj ET Q q 0 0 0 rg BT 427.82 174.45 Td (, provides financial flexibility to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.45 Td (execute our long-term growth strategy) Tj ET Q q 0 0 0 rg BT 202.63 162.45 Td (. If we see an attractive acquisition opportunity) Tj ET Q q 0 0 0 rg BT 390.25 162.45 Td (, we have the ability to use our revolver to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.45 Td (move quickly and have certainty of funding up to the amount of our then-available liquidity) Tj ET Q q 0 0 0 rg BT 416.47 150.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 132.45 Td ( ) Tj ET Q q 0 0 0 rg BT 87.95 132.45 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 132.45 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.98 132.45 Td (, we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.33 132.45 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.45 132.45 Td (available under our credit facilities. Combined with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.45 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 120.45 Td ($280 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.65 120.45 Td (of cash and cash equivalents at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.21 120.45 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 120.45 Td (, we had approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.16 120.45 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.27 120.45 Td (in available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.45 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 108.45 Td (, an increase of $428 million over our available liquidity as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.90 108.45 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.48 108.45 Td (. ) Tj ET Q q 0 0 0 rg BT 416.30 108.45 Td (The increase in available liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.45 Td (in 2017 is primarily attributable to the net proceeds from the sale of the glass manufacturing business in March for $301 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.45 Td (and the December 2017 amendment to the credit facility) Tj ET Q q 0 0 0 rg BT 274.82 84.45 Td (, which increased availability by $300 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 66.45 Td (In December 2017, we signed a definitive agreement to acquire Stahlgruber for an enterprise value of 1.5 billion. ) Tj ET Q q 0 0 0 rg BT 545.38 66.45 Td (W) Tj ET Q q 0 0 0 rg BT 554.02 66.45 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.45 Td (intend to finance the acquisition with the proceeds from planned debt of) Tj ET Q q 0 0 0 rg BT 337.79 54.45 Td (ferings, borrowings under our existing revolving credit ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (facility and the direct issuance to Stahlgruber's owner of 8,055,569 newly issued shares of LKQ common stock. ) Tj ET Q q 0 0 0 rg BT 499.30 742.10 Td (The timing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the borrowings and the amounts to be drawn from debt of) Tj ET Q q 0 0 0 rg BT 280.32 730.10 Td (ferings and the revolver are to be determined and will depend on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (timing of the expected closing of the transaction and market conditions at such time.) Tj ET Q BT /F1 10.00 Tf ET 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 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 50.00 688.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 688.10 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 462.29 688.10 Td (ficient for future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (acquisitions depending on their size. ) Tj ET Q q 0 0 0 rg BT 198.12 676.10 Td (While we believe that we have adequate capacity) Tj ET Q q 0 0 0 rg BT 394.31 676.10 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 50.00 664.10 Td (additional funds through public or private financing, strategic relationships or other arrangements, as noted above regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (pending Stahlgruber transaction. ) Tj ET Q q 0 0 0 rg BT 182.56 652.10 Td (There can be no assurance that additional funding, or refinancing of our credit facilities, if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (needed, will be available on terms attractive to us, or at all. Furthermore, any additional equity financing may be dilutive to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (stockholders, and debt financing, if available, may involve restrictive covenants or higher interest costs. Our failure to raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (capital if and when needed could have a material adverse impact on our business, operating results, and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td (Borrowings under the credit agreement accrue interest at variable rates which are tied to the London InterBank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 586.10 Td (fered Rate \("LIBOR"\) or the Canadian Dollar Of) Tj ET Q q 0 0 0 rg BT 255.79 586.10 Td (fered Rate \("CDOR"\), depending on the currency and the duration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (borrowing, plus an applicable mar) Tj ET Q q 0 0 0 rg BT 186.72 574.10 Td (gin rate which is subject to change quarterly based on our reported leverage ratio. ) Tj ET Q q 0 0 0 rg BT 515.03 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 523.67 574.10 Td (e hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (interest rate swaps to hedge the variable rates on a portion of our credit agreement borrowings, with the ef) Tj ET Q q 0 0 0 rg BT 473.84 562.10 Td (fect of fixing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (interest rates on the respective notional amounts. In addition, in 2016, we entered into cross currency swaps that contain an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (interest rate swap component and a foreign currency forward contract component that, when combined with related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (intercompany financing arrangements, ef) Tj ET Q q 0 0 0 rg BT 214.19 526.10 Td (fectively convert variable rate U.S. dollar) Tj ET Q q 0 0 0 rg BT 379.76 526.10 Td (-denominated borrowings into fixed rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (euro-denominated borrowings.) Tj ET Q q 0 0 0 rg BT 175.62 514.10 Td (These derivative transactions are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.54 514.10 Td (Note 10, "Derivative Instruments and Hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.88 502.10 Td (" to the consolidated financial statements in Item 8 of this ) Tj ET Q q 0 0 0 rg BT 321.52 502.10 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 444.85 502.10 Td (After giving ef) Tj ET Q q 0 0 0 rg BT 504.09 502.10 Td (fect to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (contracts, the weighted average interest rate on borrowings outstanding under our credit agreement at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.91 490.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.49 490.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (2.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.83 478.10 Td (. Including our senior notes and the borrowings on our receivables securitization program, our overall weighted average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (interest rate on borrowings was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 466.10 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.85 466.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.07 466.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 466.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 448.10 Td (Cash interest payments were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.19 448.10 Td ($96 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.58 448.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.96 448.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.54 448.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.04 448.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.62 448.10 Td (, including $50 million in semi-annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (interest payments as a result of our U.S. Notes \(2023\) and our Euro Notes \(2024\). Interest payments on our U.S. Notes \(2023\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (are made in May and November) Tj ET Q q 0 0 0 rg BT 178.72 424.10 Td (, and interest payments on our Euro Notes \(2024\) are scheduled for ) Tj ET Q q 0 0 0 rg BT 449.47 424.10 Td (April and October) Tj ET Q q 0 0 0 rg BT 521.67 424.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 406.10 Td (e had outstanding credit agreement borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.97 406.10 Td ($2.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.08 406.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.52 406.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.63 406.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.85 406.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.43 406.10 Td ( and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 394.10 Td (. Of these amounts, $18 million and $37 million was classified as current maturities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.54 394.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.12 394.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (2016, respectively) Tj ET Q q 0 0 0 rg BT 122.66 382.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.10 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 347.61 364.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.20 364.10 Td ( are as follows \(in thousands\):) Tj ET Q 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 153.00 257.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 257.60 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 393 242.60000000000002 m 458 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 242.60000000000002 m 458 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 228.60000000000002 m 458 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 226.60000000000002 m 458 226.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 338.17 Td (Y) Tj ET Q q 0 0 0 rg BT 161.72 338.17 Td (ears ending December 31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 323.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 322.27 Td (129,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 308.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 307.27 Td (146,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 293.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 292.27 Td (40,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 278.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 277.27 Td (38,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 263.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 262.27 Td (36,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 248.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 247.27 Td (3,037,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 232.27 Td (T) Tj ET Q q 0 0 0 rg BT 160.91 232.27 Td (otal debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.12 236.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 232.27 Td (3,428,280) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 204.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 204.10 Td (The total debt amounts presented above reflect the gross values to be repaid \(excluding debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.42 204.10 Td ($24 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 192.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 192.10 Td ( as of December 31, 2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 174.10 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 50.00 162.10 Td (certain transactions.) Tj ET Q q 0 0 0 rg BT 132.29 162.10 Td (The credit agreement also contains financial and af) Tj ET Q q 0 0 0 rg BT 336.18 162.10 Td (firmative covenants, including limitations on our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (leverage ratio and a minimum interest coverage ratio.) Tj ET Q q 0 0 0 rg BT 266.12 150.10 Td (W) Tj ET Q q 0 0 0 rg BT 274.76 150.10 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 50.00 138.10 Td (agreement as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 138.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.38 138.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 120.10 Td (As of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 120.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 120.10 Td (, the Company had cash and cash equivalents of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.42 120.10 Td ($280 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.81 120.10 Td (, of which $220 million was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (held by foreign subsidiaries. In general it has been our practice and intention to permanently reinvest the undistributed earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (of our foreign subsidiaries, and that position has not changed following the enactment of the ) Tj ET Q q 0 0 0 rg BT 421.40 96.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.81 96.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 438.19 96.10 Td (Act and the related imposition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (of the transition tax. Beginning in 2018, distributions of dividends from our foreign subsidiaries will be generally exempt from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (further U.S. taxation, either as a result of the new 100% participation exemption under the ) Tj ET Q q 0 0 0 rg BT 413.04 72.10 Td (T) Tj ET Q q 0 0 0 rg BT 418.45 72.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 429.84 72.10 Td (Act, or due to the previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (taxation of foreign earnings under the transition tax. ) Tj ET Q q 0 0 0 rg BT 260.59 60.10 Td (W) Tj ET Q q 0 0 0 rg BT 269.23 60.10 Td (e are still evaluating whether the ) Tj ET Q q 0 0 0 rg BT 401.77 60.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.18 60.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 418.57 60.10 Td (Act will af) Tj ET Q q 0 0 0 rg BT 461.15 60.10 Td (fect the Company) Tj ET Q q 0 0 0 rg BT 535.02 60.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (existing policy to indefinitely reinvest unremitted foreign earnings.) 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 ( ) Tj ET Q 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 we have suf) Tj ET Q q 0 0 0 rg BT 198.02 742.10 Td (ficient cash flow and liquidity to meet our financial obligations in the U.S. without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (resorting to repatriation of foreign earnings. ) Tj ET Q q 0 0 0 rg BT 227.45 730.10 Td (As a result of the ) Tj ET Q q 0 0 0 rg BT 298.08 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 303.49 730.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 314.88 730.10 Td (Act, we expect to have significantly lower income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (payments in 2018 due to the lower tax rate and the immediate deduction of capital expenditures, partially of) Tj ET Q q 0 0 0 rg BT 481.35 718.10 Td (fset by the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (payment with respect to the transition tax.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Y) Tj ET Q q 0 0 0 rg BT 55.00 688.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.00 688.10 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.15 688.10 Td ( Compared to ) Tj ET Q q 0 0 0 rg BT 237.02 688.10 Td (Y) Tj ET Q q 0 0 0 rg BT 242.02 688.10 Td (ear Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 287.02 688.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.17 688.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (The procurement of inventory is the lar) Tj ET Q q 0 0 0 rg BT 242.99 670.10 Td (gest operating use of our funds. ) Tj ET Q q 0 0 0 rg BT 371.39 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 380.03 670.10 Td (e normally pay for aftermarket product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 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 50.00 646.10 Td (terms. ) Tj ET Q q 0 0 0 rg BT 77.04 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.67 646.10 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 50.00 634.10 Td (time that we take possession of the vehicles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (The following table sets forth a summary of our aftermarket and manufactured inventory procurement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.13 616.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.13 616.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 604.10 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 92.00 557.60 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 557.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 557.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 557.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 557.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 92.00 527.60 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 527.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 527.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 527.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 527.60 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 297 572.6 m 362 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 572.6 m 366 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 572.6 m 431 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 572.6 m 435 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 572.6 m 500 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 557.6 m 362 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 557.6 m 431 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 557.6 m 500 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 557.6 m 362 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 557.6 m 431 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 512.6 m 362 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 512.6 m 431 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 512.6 m 500 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 498.6 m 362 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 496.6 m 362 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 498.6 m 431 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 496.6 m 431 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 498.6 m 500 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 496.6 m 500 496.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.70 576.83 Td (Y) Tj ET Q q 0 0 0 rg BT 359.03 576.83 Td (ear) Tj ET Q q 0 0 0 rg BT 369.62 576.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 430.35 576.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.00 561.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 561.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.85 561.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 547.27 Td (North ) Tj ET Q q 0 0 0 rg BT 120.05 547.27 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 547.27 Td (1,367,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 547.27 Td (1,198,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 547.27 Td (169,044) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.20 552.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 532.27 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 532.27 Td (2,355,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 532.27 Td (2,012,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 532.27 Td (342,496) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.20 537.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 517.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 517.27 Td (1,006,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 517.27 Td (934,1) Tj ET Q q 0 0 0 rg BT 417.15 517.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 517.27 Td (72,481) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.20 522.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 502.27 Td (T) Tj ET Q q 0 0 0 rg BT 99.91 502.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 502.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 502.27 Td (4,729,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 502.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 502.27 Td (4,145,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 502.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 502.27 Td (584,021) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 480.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.10 Td (In North ) Tj ET Q q 0 0 0 rg BT 122.11 480.10 Td (America, aftermarket purchases during the year ended December 31, 2017 increased compared to the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 468.10 Td (year as we decided to expand our inventory as a result of procurement initiatives to support growth across our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 456.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 132.47 456.10 Td (The remaining increase is primarily as a result of our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 426.10 456.10 Td ( autoglass in ) Tj ET Q q 0 0 0 rg BT 478.04 456.10 Td (April 2016, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 444.10 Td (added incremental purchases of $72 million in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 426.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.10 Td (In our Europe segment, the increase in purchases during the year ended December 31, 2017 is primarily related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 414.10 Td (acquisition of Rhiag in March 2016, which added incremental purchases of $181 million in 2017. Purchases for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 402.10 Td (U.K. operations increased in 2017 compared to the prior year primarily as a result of our acquisition of ) Tj ET Q q 0 0 0 rg BT 499.21 402.10 Td (Andrew Page ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 390.10 Td (in October 2016, which added incremental purchases of $107 million in 2017, partially of) Tj ET Q q 0 0 0 rg BT 444.90 390.10 Td (fset by the devaluation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 378.10 Td (pound sterling in 2017 compared to the prior year) Tj ET Q q 0 0 0 rg BT 284.29 378.10 Td (. Purchases for our Benelux operations increased by $71 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 366.10 Td (2017 compared to the prior year primarily as a result of our acquisition of the aftermarket parts distribution businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 354.10 Td (in Belgium in July 2017, which had purchases of $46 million in 2017. ) Tj ET Q q 0 0 0 rg BT 368.29 354.10 Td (The remaining increase in our Benelux ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 342.10 Td (operations was primarily due to incremental inventory purchases to achieve supplier purchase rebates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 324.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 324.10 Td (The increase in Specialty inventory purchases during 2017 compared to the prior year is primarily due to increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 312.10 Td (sales volumes for ) Tj ET Q q 0 0 0 rg BT 158.30 312.10 Td (T) Tj ET Q q 0 0 0 rg BT 164.06 312.10 Td (ruck, ) Tj ET Q q 0 0 0 rg BT 186.65 312.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.06 312.10 Td (owing and R) Tj ET Q q 0 0 0 rg BT 242.37 312.10 Td (V) Tj ET Q q 0 0 0 rg BT 249.41 312.10 Td ( parts. ) Tj ET Q q 0 0 0 rg BT 275.79 312.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 325.70 312.10 Td (, the acquisition of ) Tj ET Q q 0 0 0 rg BT 402.45 312.10 Td (W) Tj ET Q q 0 0 0 rg BT 411.08 312.10 Td (arn in November 2017 added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 300.10 Td (incremental purchases of $1) Tj ET Q q 0 0 0 rg BT 198.08 300.10 Td (1 million, which includes purchases of aftermarket inventory and raw materials used in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 288.10 Td (manufacturing of specialty products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 270.10 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 471.99 270.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.99 270.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.42 270.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.42 270.10 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 211.60 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 211.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 211.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 211.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 211.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 181.60 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 181.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 181.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 181.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 181.60 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 301.5 226.60000000000002 m 366.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 226.60000000000002 m 366.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 211.60000000000002 m 366.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 226.60000000000002 m 370.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 226.60000000000002 m 435.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 211.60000000000002 m 435.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 226.60000000000002 m 439.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 226.60000000000002 m 504.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 211.60000000000002 m 504.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 211.60000000000002 m 366.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 211.60000000000002 m 435.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 211.60000000000002 m 504.5 211.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.20 230.83 Td (Y) Tj ET Q q 0 0 0 rg BT 363.53 230.83 Td (ear) Tj ET Q q 0 0 0 rg BT 374.12 230.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 434.85 230.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 215.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 215.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.35 215.83 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 201.27 Td (North ) Tj ET Q q 0 0 0 rg BT 114.55 201.27 Td (America wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 201.27 Td (310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 201.27 Td (291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 201.27 Td (6.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 201.27 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 509.70 206.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 186.27 Td (Europe wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 186.27 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 186.27 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 186.27 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 186.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 171.27 Td (Self service and "crush only" cars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 171.27 Td (542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 171.27 Td (524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 171.27 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 171.27 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 509.70 176.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 149.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 149.10 Td (The number of salvage cars and trucks purchased during the year ended December 31, 2017 increased primarily due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 137.10 Td (a decision to increase the number of salvage cars and trucks dismantled compared to the prior year) Tj ET Q q 0 0 0 rg BT 479.75 137.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 119.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 84.48 119.10 Td (W) Tj ET Q q 0 0 0 rg BT 93.52 119.10 Td (ith the increase in scrap prices compared to the prior year period, we have increased the number of self service and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 107.10 Td ("crush only" vehicles purchased.) 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 86.00 742.10 Td (The following table summarizes the components of the year) Tj ET Q q 0 0 0 rg BT 325.73 742.10 Td (-over) Tj ET Q q 0 0 0 rg BT 346.63 742.10 Td (-year decrease in cash provided by operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (activities \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 713.60 255.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 713.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 713.60 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 673.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 673.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 673.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 643.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 643.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 643.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 613.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 613.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 613.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 583.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 583.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 583.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 553.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 553.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 553.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 523.60 255.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 523.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 523.60 19.00 -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 398.5 523.6 m 448.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 499.6 m 448.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 497.6 m 448.5 497.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 703.27 Td (Net cash provided by operating activities for the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 693.27 Td (December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 693.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 693.27 Td (635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 678.27 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 252.88 682.80 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 663.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 663.32 Td (\(68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 663.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 668.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 648.27 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 648.27 Td (84) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 653.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 633.27 Td (Non-cash depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 633.27 Td (32) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 638.43 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 618.27 Td (Cash paid for taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 618.32 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 618.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 623.43 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 603.27 Td (Cash paid for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 603.32 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 603.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 608.43 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 588.27 Td (W) Tj ET Q q 0 0 0 rg BT 154.64 588.27 Td (orking capital accounts: ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 252.66 592.80 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 573.27 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 573.32 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 573.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 578.43 Td (\(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 558.27 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 558.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 543.27 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 543.27 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 528.27 Td (Other operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 528.32 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 528.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 533.43 Td (\(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 513.27 Td (Net cash provided by operating activities for the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 503.27 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 503.27 Td (519) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 481.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 481.10 Td (Other than discontinued operations, the amounts presented represent increases \(decreases\) in operating cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 469.10 Td (attributable to our continuing operations only) Tj ET Q q 0 0 0 rg BT 266.70 469.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 451.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 451.10 Td (Represents the change in cash flows for our glass manufacturing business, which was acquired in ) Tj ET Q q 0 0 0 rg BT 477.01 451.10 Td (April 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 439.10 Td (disposed of on March 1, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 421.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 421.10 Td (During 2017, our operating income increased compared to the prior year due to both acquisition related growth and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 409.10 Td (or) Tj ET Q q 0 0 0 rg BT 94.15 409.10 Td (ganic growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 391.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 391.10 Td (Non-cash depreciation and amortization expense increased compared to the prior year as discussed in the Results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 379.10 Td (Operations - Consolidated section.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 361.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 86.00 361.10 Td (Cash paid for taxes increased during 2017 compared to the prior year as a result of growth in the business from both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.10 Td (or) Tj ET Q q 0 0 0 rg BT 94.15 349.10 Td (ganic growth and acquisitions, and the timing of tax payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 331.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 86.00 331.10 Td (Cash paid for interest increased compared to the prior year primarily as a result of interest payments related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 319.10 Td (Euro Notes \(2024\), which were issued in ) Tj ET Q q 0 0 0 rg BT 251.52 319.10 Td (April 2016. In the prior year) Tj ET Q q 0 0 0 rg BT 364.42 319.10 Td (, we made one semi-annual interest payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.10 Td (related to these notes, whereas in 2017 we made two semi-annual interest payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 289.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 86.00 289.10 Td (Cash flows related to our primary working capital accounts can be volatile as the purchases, payments and collections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 277.10 Td (can be timed dif) Tj ET Q q 0 0 0 rg BT 150.52 277.10 Td (ferently from period to period and can be influenced by factors outside of our control. However) Tj ET Q q 0 0 0 rg BT 532.21 277.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 265.10 Td (expect that the net change in these working capital items will generally be a cash outflow as we expect to grow our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 253.10 Td (business each year) Tj ET Q q 0 0 0 rg BT 159.86 253.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 235.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 86.00 235.10 Td (The period over period increase in cash outflows for inventory was primarily related to our North ) Tj ET Q q 0 0 0 rg BT 477.55 235.10 Td (America segment as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 223.10 Td (described in the procurement section above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 205.10 Td (\(9\) ) Tj ET Q q 0 0 0 rg BT 86.00 205.10 Td (Reflects a number of individually insignificant fluctuations in cash paid for other operating activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 187.10 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.58 187.10 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.79 187.10 Td ($385 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.18 187.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.64 187.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.23 187.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.43 187.10 Td ($1.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 175.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.89 175.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 175.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.71 175.10 Td (W) Tj ET Q q 0 0 0 rg BT 122.35 175.10 Td (e invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.11 175.10 Td ($513 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.50 175.10 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 463.39 175.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.39 175.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.10 175.10 Td ($1.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 163.10 Td ( in 2016, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.76 163.10 Td ($601 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.16 163.10 Td ( for our Rhiag acquisition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.35 163.10 Td ($662 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.74 163.10 Td ( for our PGW) Tj ET Q q 0 0 0 rg BT 457.28 163.10 Td ( acquisition. ) Tj ET Q q 0 0 0 rg BT 508.48 163.10 Td (W) Tj ET Q q 0 0 0 rg BT 517.11 163.10 Td (e received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (proceeds from the sale of our glass manufacturing business totaling$301 million in 2017; no such proceeds were received in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 74.82 139.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 139.10 Td (e paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.11 139.10 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.50 139.10 Td ( for investments in unconsolidated subsidiaries in 2017, compared to cash payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.88 139.10 Td ($186 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.27 139.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (in 2016, primarily related to our investment in Mekonomen. In 2016, we entered into foreign currency contracts to fund the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (purchase price of the Rhiag acquisition, which generated $18 million of cash proceeds; we had no such contracts in the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (year period. Property) Tj ET Q q 0 0 0 rg BT 134.04 103.10 Td (, plant and equipment purchases were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.05 103.10 Td ($179 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.44 103.10 Td ( in the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.02 103.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.60 103.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td ($207 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.39 91.10 Td ( in the prior year) Tj ET Q q 0 0 0 rg BT 167.48 91.10 Td (. ) Tj ET Q q 0 0 0 rg BT 172.30 91.10 Td (The period over period decrease in cash outflows for purchases of property) Tj ET Q q 0 0 0 rg BT 471.82 91.10 Td (, plant and equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (was primarily related to our discontinued operations \(down $21 million compared to the prior year\), Europe and Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (segments, partially of) Tj ET Q q 0 0 0 rg BT 136.19 67.10 Td (fset by an increase in our North ) Tj ET Q q 0 0 0 rg BT 264.20 67.10 Td (America segment. ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Net cash used in financing activities totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.89 742.10 Td ($1) Tj ET Q q 0 0 0 rg BT 272.52 742.10 Td (13 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.91 742.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.37 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.96 742.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.16 742.10 Td ($1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 730.10 Td ( provided by financing activities during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.63 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.63 730.10 Td (. During 2017, net repayments under our credit facilities totaled $135 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million, as we used the proceeds from the sale of our glass manufacturing business and cash flows from operations to repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (outstanding revolver borrowings; during 2016, we had net borrowings of$1.3 billion primarily to fund our acquisitions. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (April 2016, we issued the Euro Notes \(2024\) generating proceeds of$563 million. ) Tj ET Q q 0 0 0 rg BT 381.69 694.10 Td (The proceeds from the Euro Notes \(2024\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (were used to repay a portion of the borrowings on the revolving credit facility) Tj ET Q q 0 0 0 rg BT 360.64 682.10 Td (.) Tj ET Q q 0 0 0 rg BT 365.09 682.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 415.00 682.10 Td (, we repaid$543 millionof Rhiag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (acquired debt and debt related liabilities during 2016. In connection with our December 2017 amendment of our credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (facilities, we paid $4 million of debt issuance costs; in 2016, we paid $17 million of debt issuance costs related to our January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (and December 2016 amendments of our credit facilities, our ) Tj ET Q q 0 0 0 rg BT 292.70 646.10 Td (April 2016 issuance of the Euro Notes \(2024\), and our November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (2016 amendment to our receivables securitization facility) Tj ET Q q 0 0 0 rg BT 279.27 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 284.09 634.10 Td (There were$18 millionof cash proceeds from other debt in 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (compared to$33 millionin 2016. Cash provided by other financing activities totaled $7 million in 2017, primarily as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (proceeds from the sale of noncontrolling interest; no such activity occurred in 2016.) 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 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 50.00 580.10 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 50.00 568.10 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 50.00 556.10 Td (timing of our internal development ef) Tj ET Q q 0 0 0 rg BT 200.05 556.10 Td (forts and the success of those ef) Tj ET Q q 0 0 0 rg BT 327.06 556.10 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 50.00 544.10 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 50.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td ( ) 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 /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 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 (2016) 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 (2015) 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 (Y) Tj ET Q q 0 0 0 rg BT 353.53 702.98 Td (ear) Tj ET Q q 0 0 0 rg BT 364.12 702.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 424.85 702.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.50 687.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 687.98 Td (2015) 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 ) Tj ET Q q 0 0 0 rg BT 114.55 673.42 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 673.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 673.42 Td (1,198,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 673.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 673.42 Td (1,023,400) 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 458.15 673.42 Td (175,156) 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 (2,012,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 658.42 Td (1,143,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 658.42 Td (869,136) 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 (934,1) Tj ET Q q 0 0 0 rg BT 342.65 643.42 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 643.42 Td (776,61) Tj ET Q q 0 0 0 rg BT 416.65 643.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 643.42 Td (157,508) 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 (T) Tj ET Q q 0 0 0 rg BT 94.41 628.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 628.42 Td (4,145,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 628.42 Td (2,943,679) 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 450.65 628.42 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 68.00 606.25 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, aftermarket purchases for the year increased primarily as a result of incremental purchases of $141 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 594.25 Td (million related to our ) Tj ET Q q 0 0 0 rg BT 172.65 594.25 Td (April 2016 acquisition of PGW) Tj ET Q q 0 0 0 rg BT 298.01 594.25 Td ( autoglass. ) Tj ET Q q 0 0 0 rg BT 342.18 594.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 392.08 594.25 Td (, North ) Tj ET Q q 0 0 0 rg BT 422.36 594.25 Td (America aftermarket inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 582.25 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 86.00 570.25 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 86.00 558.25 Td (at ) Tj ET Q q 0 0 0 rg BT 95.54 558.25 Td (W) Tj ET Q q 0 0 0 rg BT 104.17 558.25 Td (est Coast ports in the United States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 540.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 540.25 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 86.00 528.25 Td (added incremental purchases of $710 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 86.00 516.25 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 86.00 504.25 Td (incremental inventory purchases to stock the ) Tj ET Q q 0 0 0 rg BT 266.87 504.25 Td (T) Tj ET Q q 0 0 0 rg BT 272.28 504.25 Td (amworth, England national distribution center) Tj ET Q q 0 0 0 rg BT 455.85 504.25 Td (. Purchases in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 492.25 Td (Netherlands operations increased as a result of or) Tj ET Q q 0 0 0 rg BT 282.69 492.25 Td (ganic and acquisition related growth. ) Tj ET Q q 0 0 0 rg BT 433.02 492.25 Td (These increases were partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.25 Td (of) Tj ET Q q 0 0 0 rg BT 94.15 480.25 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 411.29 480.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 462.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 462.25 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 86.00 450.25 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 86.00 438.25 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 86.00 426.25 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 50.00 408.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 408.25 Td (Manufacturing inventory purchases related to our discontinued operations totaled $398 million during 2016, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 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 86.00 378.25 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 471.99 378.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.99 378.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.42 378.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.42 378.25 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 319.75 230.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 319.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 319.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 319.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 319.75 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 289.75 230.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 289.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 289.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 289.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 289.75 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 316.5 334.75 m 381.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 334.75 m 381.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 319.75 m 381.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 334.75 m 385.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 334.75 m 450.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 319.75 m 450.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 334.75 m 454.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 334.75 m 519.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 319.75 m 519.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 319.75 m 381.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 319.75 m 450.5 319.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.20 338.98 Td (Y) Tj ET Q q 0 0 0 rg BT 378.53 338.98 Td (ear) Tj ET Q q 0 0 0 rg BT 389.12 338.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 449.85 338.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.50 323.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 323.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.35 323.98 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 309.42 Td (North ) Tj ET Q q 0 0 0 rg BT 114.55 309.42 Td (America wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 309.42 Td (291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 309.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 309.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 309.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 294.42 Td (Europe wholesale salvage cars and trucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 294.42 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 294.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 294.42 Td (15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 294.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 279.42 Td (Self service and "crush only" cars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 279.42 Td (524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 279.42 Td (471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 279.42 Td (1) Tj ET Q q 0 0 0 rg BT 498.15 279.42 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 279.42 Td (%) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 524.70 284.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 257.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 257.25 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 257.25 Td (, we increased our purchase of lower cost self service and "crush only" cars in 2016 as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 245.25 Td (prices for vehicles came 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 86.00 233.25 Td (to purchase higher quality vehicles at favorable prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td ( ) Tj ET Q endstream endobj 115 0 obj <> 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 /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following table summarizes the components of the year) Tj ET Q q 0 0 0 rg BT 325.73 742.10 Td (-over) Tj ET Q q 0 0 0 rg BT 346.63 742.10 Td (-year increase in cash provided by operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (activities \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 713.60 255.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 713.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 713.60 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 673.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 673.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 673.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 633.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 633.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 633.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 603.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 603.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 603.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 573.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 573.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 573.60 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 543.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 543.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 543.60 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 398.5 528.6 m 448.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 504.6 m 448.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 502.6 m 448.5 502.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 703.27 Td (Net cash provided by operating activities for the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 693.27 Td (December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 693.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 693.27 Td (544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 678.27 Td (Increase \(decrease\) due to:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 252.88 682.80 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 663.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 663.27 Td (64) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 668.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 648.27 Td (Income from continuing operations before provision for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 638.27 Td (income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 638.27 Td (28) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 643.43 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 623.27 Td (Non-cash depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 623.27 Td (70) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 628.43 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 608.27 Td (Cash paid for taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 608.32 Td (\(37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 608.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 613.43 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 593.27 Td (W) Tj ET Q q 0 0 0 rg BT 154.64 593.27 Td (orking capital accounts: ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 252.66 597.80 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 578.27 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 578.32 Td (\(80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 578.27 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 583.43 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 563.27 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 563.27 Td (17) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 568.43 Td (\(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 548.27 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 548.27 Td (21) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.70 553.43 Td (\(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 533.27 Td (Other operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 533.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 518.27 Td (Net cash provided by operating activities for the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 508.27 Td (December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 508.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 508.27 Td (635) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 486.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 486.10 Td (Other than discontinued operations, the amounts presented represent increases \(decreases\) in operating cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 474.10 Td (attributable to our continuing operations only) Tj ET Q q 0 0 0 rg BT 266.70 474.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 456.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 456.10 Td (Represents cash flows for our glass manufacturing business, which was acquired in ) Tj ET Q q 0 0 0 rg BT 421.20 456.10 Td (April 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 438.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 438.10 Td (During 2016, our operating income increased compared to the prior year due to both acquisition related growth and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.10 Td (or) Tj ET Q q 0 0 0 rg BT 94.15 426.10 Td (ganic growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 408.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 408.10 Td (Non-cash depreciation and amortization expense increased compared to the prior year primarily as a result of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 396.10 Td (Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 151.37 396.10 Td ( acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 378.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 86.00 378.10 Td (Cash paid for taxes increased during 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 86.00 366.10 Td (related to our Rhiag acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 348.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 86.00 348.10 Td (Cash flows related to our primary working capital accounts can be volatile as the purchases, payments and collections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 336.10 Td (can be timed dif) Tj ET Q q 0 0 0 rg BT 150.52 336.10 Td (ferently from period to period and can be influenced by factors outside of our control. However) Tj ET Q q 0 0 0 rg BT 532.21 336.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 324.10 Td (expect that the net change in these working capital items will generally be a cash outflow as we expect to grow our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 312.10 Td (business each year) Tj ET Q q 0 0 0 rg BT 159.86 312.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 294.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 86.00 294.10 Td (The increase in cash outflows for accounts receivable is primarily related to our U.K. operations as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 282.10 Td (increased sales; the remaining increase primarily related to our Specialty operations, which experienced lar) Tj ET Q q 0 0 0 rg BT 513.98 282.10 Td (ger growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 270.10 Td (in receivables balances during 2016 than the prior year period from or) Tj ET Q q 0 0 0 rg BT 366.00 270.10 Td (ganic and acquisition revenue growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 252.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 86.00 252.10 Td (Compared to the prior year) Tj ET Q q 0 0 0 rg BT 193.90 252.10 Td (, cash outflows related to inventory declined primarily as a result of our North ) Tj ET Q q 0 0 0 rg BT 507.98 252.10 Td (America and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 240.10 Td (Specialty operations. ) Tj ET Q q 0 0 0 rg BT 172.19 240.10 Td (This was partially of) Tj ET Q q 0 0 0 rg BT 254.49 240.10 Td (fset by inventory growth in our U.K. operations as a result of incremental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 228.10 Td (inventory purchases to stock new branches and the ) Tj ET Q q 0 0 0 rg BT 291.31 228.10 Td (T) Tj ET Q q 0 0 0 rg BT 296.72 228.10 Td (amworth, England national distribution center) Tj ET Q q 0 0 0 rg BT 480.29 228.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 210.10 Td (\(9\) ) Tj ET Q q 0 0 0 rg BT 86.00 210.10 Td (Accounts payable represented a $17 million cash inflow in 2016 compared to a $4 million cash outflow in the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 198.10 Td (year) Tj ET Q q 0 0 0 rg BT 102.66 198.10 Td (. ) Tj ET Q q 0 0 0 rg BT 107.47 198.10 Td (The increase is primarily related to a rise in the payables balance in our U.K. operations, partially of) Tj ET Q q 0 0 0 rg BT 507.70 198.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 186.10 Td (decline in the payables balance in our North ) Tj ET Q q 0 0 0 rg BT 264.27 186.10 Td (America and Rhiag operations due to the timing of payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 168.10 Td (Net cash used in investing activitiestotaled$1.7 billionfor the year endedDecember31, 2016, compared to$330 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (millionin2015. ) Tj ET Q q 0 0 0 rg BT 116.49 156.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.13 156.10 Td (e invested$1.3 billionof cash, net of cash acquired, in business acquisitions during2016, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (included$601 millionfor our Rhiag acquisition and$662 millionfor our PGW) Tj ET Q q 0 0 0 rg BT 366.45 144.10 Td ( acquisition, compared to$161 millionfor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (business acquisitions in 2015. Property and equipment purchases were$207 millionin the year endedDecember31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (2016compared to$170 millionin the prior year) Tj ET Q q 0 0 0 rg BT 242.18 120.10 Td (. Purchases of property and equipment increased over the prior period primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (as a result of $24 million of purchases in our discontinued operations and a $20 million increase in our North ) Tj ET Q q 0 0 0 rg BT 488.24 108.10 Td (America segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (In 2016, we paid$186 millionfor investments in unconsolidated subsidiaries, primarily related to our investment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (Mekonomen; payments for investments in consolidated subsidiaries were$10 millionin 2015. In 2016, we entered into foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (currency contracts to fund the purchase price of the Rhiag acquisition, which generated$18 millionof gains; we had no such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (contracts in the prior year) Tj ET Q q 0 0 0 rg BT 152.18 60.10 Td (.During2016, cash provided by other investing activities, net was$14 million, primarily from the ) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (proceeds on the sale of our interest in our ) Tj ET Q q 0 0 0 rg BT 217.45 742.10 Td (Australian joint venture, compared to$1) Tj ET Q q 0 0 0 rg BT 379.26 742.10 Td (1 millionin 2015 primarily as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (proceeds from disposals of fixed assets.) 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 (Net cash provided by financing activities totaled$1.2 billionfor the year endedDecember31, 2016, compared to net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (cash used in financing activities of$239 millionin2015. During2016, net borrowings under our credit facilities were$1.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (billioncompared to net repayments of$187 millionin2015. ) Tj ET Q q 0 0 0 rg BT 293.95 688.10 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 50.00 676.10 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 504.15 676.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (investment in Mekonomen and repay$543 millionof Rhiag acquired debt and debt related liabilities. ) Tj ET Q q 0 0 0 rg BT 457.50 664.10 Td (The increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (borrowings during 2016 also reflects our 2016 amendments of our credit facilities, which generated$339 million in additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (term loan borrowings, a portion of which was used to repay outstanding revolver borrowings. In ) Tj ET Q q 0 0 0 rg BT 436.87 640.10 Td (April 2016, we issued the Euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Notes \(2024\), generating proceeds of$563 million. ) Tj ET Q q 0 0 0 rg BT 257.27 628.10 Td (The proceeds from the Euro Notes \(2024\) were used to repay a portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (the borrowings on the revolving credit facility) Tj ET Q q 0 0 0 rg BT 233.75 616.10 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 50.00 604.10 Td (facilities, our ) Tj ET Q q 0 0 0 rg BT 104.71 604.10 Td (April 2016 issuance of the Euro Notes \(2024\), and our November 2016 amendment to our receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (securitization facility) Tj ET Q q 0 0 0 rg BT 134.04 592.10 Td (, we paid$17 millionof debt issuance costs during2016; debt issuance costs incurred in the prior year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (were minimal.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 542.10 Td (Arrangements and Futur) Tj ET Q q 0 0 0 rg BT 237.03 542.10 Td (e Commitments) 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 do not have any of) Tj ET Q q 0 0 0 rg BT 175.82 524.10 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 50.00 512.10 Td (disclosed pursuant to Item303 of RegulationS-K under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 374.38 512.10 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 426.59 512.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 476.49 512.10 Td (, we do not have any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (synthetic leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 482.10 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 450.34 482.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.92 482.10 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 432.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 432.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 432.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 432.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 432.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 432.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 402.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 402.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 402.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 402.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 402.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 402.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 372.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 372.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 372.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 372.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 372.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 372.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 342.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 342.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 342.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 342.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 342.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 342.60 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 295.5 432.6 m 345.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 432.6 m 399.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 432.6 m 453.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 432.6 m 507.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 432.6 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 295.5 342.6 m 345.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 328.6 m 345.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 326.6 m 345.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 342.6 m 399.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 328.6 m 399.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 326.6 m 399.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 342.6 m 453.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 328.6 m 453.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 326.6 m 453.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 342.6 m 507.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 328.6 m 507.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 326.6 m 507.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 342.6 m 561.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 328.6 m 561.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 326.6 m 561.5 326.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.45 436.83 Td (T) Tj ET Q q 0 0 0 rg BT 311.05 436.83 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 325.94 441.36 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.65 444.83 Td (Less than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 436.83 Td (1 ) Tj ET Q q 0 0 0 rg BT 368.90 436.83 Td (Y) Tj ET Q q 0 0 0 rg BT 373.79 436.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.25 436.83 Td (1-3 ) Tj ET Q q 0 0 0 rg BT 424.77 436.83 Td (Y) Tj ET Q q 0 0 0 rg BT 429.95 436.83 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.25 436.83 Td (3-5 ) Tj ET Q q 0 0 0 rg BT 478.62 436.83 Td (Y) Tj ET Q q 0 0 0 rg BT 483.51 436.83 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.95 444.83 Td (Mor) Tj ET Q q 0 0 0 rg BT 532.91 444.83 Td (e than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.55 436.83 Td (5 ) Tj ET Q q 0 0 0 rg BT 529.25 436.83 Td (Y) Tj ET Q q 0 0 0 rg BT 534.14 436.83 Td (ears) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 422.28 Td (Contractual obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 407.27 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 116.98 411.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 407.27 Td (3,982.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 407.27 Td (232.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 407.27 Td (389.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 407.27 Td (276.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 407.27 Td (3,084.1) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 52.00 399.20 100.81 -9.09 re f /GS0 gs q 0 0 0 rg BT 52.00 392.27 Td (Capital lease obligations ) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 152.81 403.73 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 152.81 396.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 392.27 Td (20.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 392.27 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 392.27 Td (7.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 392.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 392.27 Td (5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 377.27 Td (Operating leases ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.86 381.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 377.27 Td (1,357.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 377.27 Td (235.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 377.27 Td (347.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 377.27 Td (210.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 377.27 Td (562.9) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 52.00 369.20 85.54 -9.09 re f /GS0 gs q 0 0 0 rg BT 52.00 362.27 Td (Purchase obligations ) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 137.54 373.73 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.54 366.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 362.27 Td (678.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 362.27 Td (478.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 362.27 Td (200.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 362.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 362.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 347.27 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 166.15 351.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 347.27 Td (324.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 347.27 Td (156.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 347.27 Td (68.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 347.27 Td (19.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 347.27 Td (81.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 332.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 332.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 332.27 Td (6,362.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.60 332.27 Td (1,108.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.60 332.27 Td (1,012.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 332.27 Td (508.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 332.27 Td (3,733.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 310.10 Td (Our long-term debt under contractual obligations above includes interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 310.10 Td ($572 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.19 310.10 Td ( on the balances outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.66 298.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.24 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.06 298.10 Td (The long-term debt balance excludes debt issuance costs, as these expenses have already ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 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 86.00 274.10 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 86.00 262.10 Td (the impact of interest rate swaps through their respective expiration dates, in ef) Tj ET Q q 0 0 0 rg BT 401.54 262.10 Td (fect for each tranche of borrowings as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 250.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.83 250.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.41 250.10 Td (. Future estimated interest expense for the next year) Tj ET Q q 0 0 0 rg BT 381.88 250.10 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 86.00 238.10 Td ($108 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.39 238.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.39 238.10 Td ($210 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.78 238.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.22 238.10 Td ($203 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.61 238.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 317.27 238.10 Td (. Estimated interest expense beyond five years is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.16 238.10 Td ($51 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 226.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 208.10 Td (Interest on capital lease obligations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.39 208.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.79 208.10 Td ( is included based on incremental borrowing or implied rates. Future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 196.10 Td (estimated interest expense for the next year is less than $1 million, while future estimated interest expense for both the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.10 Td (next 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 279.54 184.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.93 184.10 Td (. Estimated interest expense beyond five years is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.81 184.10 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.20 184.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 166.10 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 86.00 154.10 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 86.00 142.10 Td (year) Tj ET Q q 0 0 0 rg BT 102.66 142.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 124.10 Td (Our purchase obligations include open purchase orders for aftermarket inventory) Tj ET Q q 0 0 0 rg BT 408.85 124.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 86.00 106.10 Td (Our other long-term obligations consist of estimated payments for our self insurance reserves of $87 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (outstanding letters of credit of $71 million, and outstanding estimated payments of $51 million on the repatriation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (earnings as a result of the ) Tj ET Q q 0 0 0 rg BT 190.23 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 195.64 82.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 207.03 82.10 Td (Act, with the remaining $1) Tj ET Q q 0 0 0 rg BT 314.13 82.10 Td (16 million representing primarily other asset purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 70.10 Td (commitments and payments for deferred compensation and pension plans.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) 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 (Additionally) Tj ET Q q 0 0 0 rg BT 135.90 742.10 Td (, in December 2017, we signed a definitive agreement to acquire Stahlgruber from Stahlgruber Otto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Gruber ) Tj ET Q q 0 0 0 rg BT 80.27 730.10 Td (AG, for an enterprise value of 1.5 billion. ) Tj ET Q q 0 0 0 rg BT 253.65 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 262.29 730.10 Td (e will be required to pay a break fee of approximately 75 million if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (acquisition of Stahlgruber is not completed. ) Tj ET Q q 0 0 0 rg BT 227.29 718.10 Td (The transaction is expected to be completed in the first half of 2018 and is subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (to regulatory approvals. Neither the cash purchase price nor the break fee are included in the table above.) 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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 Rates) 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 41.8% and 39.1% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (revenue during 2017 and 2016, 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 4.2% change in our consolidated revenue and a 2.6% change in our operating income for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (ended December31, 2017. See our Results of Operations discussion in Item 7 of this ) Tj ET Q q 0 0 0 rg BT 391.88 577.25 Td (Annual Report on Form 10-K for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (additional 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 atDecember 31, 2017wereimmaterial.) 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 tax laws. ) Tj ET Q q 0 0 0 rg BT 445.82 397.25 Td (W) Tj ET Q q 0 0 0 rg BT 454.46 397.25 Td (e have elected not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (hedge the foreign currency risk related to the interest payments on foreign borrowings as we generate cash flows in the local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (currencies that can be used to fund debt payments.) Tj ET Q q 0 0 0 rg BT 253.82 373.25 Td (As of December31, 2017, we had outstanding borrowings of 500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.39 373.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (under our Euro Notes \(2024\), and 124 million, CAD $130 million,) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 321.36 368.18 2.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 321.36 361.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.86 361.25 Td (SEK 250 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 391.65 368.18 21.94 -9.09 re f /GS0 gs q 0 0 0 rg BT 391.65 361.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.58 361.25 Td (132 million under our revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (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 \(W) Tj ET Q q 0 0 0 rg BT 161.64 235.85 Td (ells Far) Tj ET Q q 0 0 0 rg BT 191.18 235.85 Td (go Bank, N.A.; Bank of ) Tj ET Q q 0 0 0 rg BT 288.39 235.85 Td (America, N.A.; Citizens, N.A.; Fifth ) Tj ET Q q 0 0 0 rg BT 436.80 235.85 Td (Third Bank; HSBC Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.85 Td (USA, N.A.; and Banco Bilbao ) Tj ET Q q 0 0 0 rg BT 173.70 223.85 Td (V) Tj ET Q q 0 0 0 rg BT 180.32 223.85 Td (izcaya ) Tj ET Q q 0 0 0 rg BT 207.80 223.85 Td (Ar) Tj ET Q q 0 0 0 rg BT 218.17 223.85 Td (gentaria, S.A.\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.85 Td (As of December31, 2017, 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 fromJanuary 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 ofDecember 31, 2017, the fair value of the interest rate swap contracts was an asset of$19 million.) Tj ET Q q 0 0 0 rg BT 488.31 169.85 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, as ofDecember 31, 2017 we held three cross currency swap agreements for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.85 Td (total notional amount of$407 million\(385 million\) with maturity dates inJanuary 2021. ) Tj ET Q q 0 0 0 rg BT 411.72 127.85 Td (These cross currency swaps contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.85 Td (an 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 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.85 Td (creditworthy\(W) Tj ET Q q 0 0 0 rg BT 115.56 67.85 Td (ells Far) Tj ET Q q 0 0 0 rg BT 145.10 67.85 Td (go Bank, N.A.; Bank of ) Tj ET Q q 0 0 0 rg BT 242.31 67.85 Td (America, N.A.; and ) Tj ET Q q 0 0 0 rg BT 323.22 67.85 Td (The Bank of ) Tj ET Q q 0 0 0 rg BT 375.52 67.85 Td (T) Tj ET Q q 0 0 0 rg BT 380.93 67.85 Td (okyo-Mitsubishi UFJ, Ltd.\). ) Tj ET Q q 0 0 0 rg BT 495.39 67.85 Td (As ofDecember ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.85 Td (31, 2017, the fair value of the interest rate swap components of the cross currency swaps was an asset of$6 million, and the fair ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (value of the currency forward components was a liability of$61 million. ) Tj ET Q q 0 0 0 rg BT 342.79 742.10 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, 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (andDecember31, 2016. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.46 700.10 Td (Note 9, "Long-T) Tj ET Q q 0 0 0 rg BT 233.33 700.10 Td (erm Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.04 700.10 Td (" and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.56 700.10 Td (Note 10, "Derivative Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 510.33 700.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.21 700.10 Td (" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (to the consolidated financial statements in Part II, Item 8 of this ) Tj ET Q q 0 0 0 rg BT 306.33 688.10 Td (Annual Report on Form 10-K for additional information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td (At December31, 2017, we had $1.1 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 50.00 658.10 Td (basis point movement in interest rates would change interest expense by $1) Tj ET Q q 0 0 0 rg BT 350.94 658.10 Td (1 million over the next twelve months. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Commodity Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 622.10 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 50.00 610.10 Td (metals af) Tj ET Q q 0 0 0 rg BT 86.19 610.10 Td (fect the amount that we pay for our inventory and the revenue that we generate from sales of these metals.) Tj ET Q q 0 0 0 rg BT 512.42 610.10 Td (As both our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (revenue and costs are af) Tj ET Q q 0 0 0 rg BT 145.88 598.10 Td (fected by the price fluctuations, we have a natural hedge against the changes.However) Tj ET Q q 0 0 0 rg BT 492.83 598.10 Td (, there is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (typically a lag between the ef) Tj ET Q q 0 0 0 rg BT 167.27 586.10 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 50.00 574.10 Td (guarantee that the vehicle costs will decrease or increase at the same rate as the metals prices.) Tj ET Q q 0 0 0 rg BT 426.31 574.10 Td (Therefore, we can experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (positive or negative gross mar) Tj ET Q q 0 0 0 rg BT 170.35 562.10 Td (gin ef) Tj ET Q q 0 0 0 rg BT 193.21 562.10 Td (fects in periods of rising or falling metals prices, particularly when such prices move ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (rapidly) Tj ET Q q 0 0 0 rg BT 77.68 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 82.12 550.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 132.03 550.10 Td (, if market prices were to change at a greater rate than our vehicle acquisition costs, we could experience a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (positive or negative ef) Tj ET Q q 0 0 0 rg BT 138.96 538.10 Td (fect on our operating mar) Tj ET Q q 0 0 0 rg BT 240.40 538.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 258.00 538.10 Td (The average of scrap metal prices for 2017 has increased 31.8% over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (average for 2016.) 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574.42 Td (67) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 559.42 Td (69) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 544.42 Td (70) 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 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 50.00 721.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 721.25 Td (o the Board of Directors and stockholdersof LKQ Corporation:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Opinion on the Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 679.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 679.25 Td (e have audited the accompanying consolidated balance sheets of LKQ Corporation and subsidiaries \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td ("Company"\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.54 667.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.13 667.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.56 667.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.56 667.25 Td (, the related consolidated statements of income, comprehensive income, cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (flows, and stockholders' equity) Tj ET Q q 0 0 0 rg BT 173.35 655.25 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 364.38 655.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.96 655.25 Td (, and the related notes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (the schedule listed in the index at Item 15 \(collectively referred to as the "financial statements"\). In our opinion, the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (statements present fairly) Tj ET Q q 0 0 0 rg BT 147.09 631.25 Td (, in all material respects, the financial position of the Company as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.85 631.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.44 631.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.87 631.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.87 631.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (the results of its operations and its cash flows 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 420.16 619.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.75 619.25 Td (, in conformity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (with accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 327.13 607.25 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 586.25 Td (e have also audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 403.44 586.25 Td (Accounting Oversight Board \(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (States\) \(PCAOB\), 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 368.95 574.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.53 574.25 Td (, based on criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.21 562.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 164.90 562.25 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.98 562.25 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 474.40 562.25 Td (ganizations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 550.25 Td (readway Commission and our report dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.49 550.25 Td (February27, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.09 550.25 Td (, expressed an unqualified opinion on the Company's internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (control over financial reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (Basis for) Tj ET Q q 0 0 0 rg BT 87.32 517.25 Td ( Opinion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 496.25 Td (These financial statements are the responsibility of the Company's management. Our responsibility is to express an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (opinion on the Company's financial statements based on our audits. ) Tj ET Q q 0 0 0 rg BT 321.85 484.25 Td (W) Tj ET Q q 0 0 0 rg BT 330.49 484.25 Td (e are a public accounting firm registered with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 439.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 439.25 Td (e conducted our audits in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 384.10 439.25 Td (Those standards require that we plan and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.25 Td (included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.25 Td (overall presentation of the financial statements. ) Tj ET Q q 0 0 0 rg BT 241.69 367.25 Td (W) Tj ET Q q 0 0 0 rg BT 250.33 367.25 Td (e believe that our audits provide a reasonable basis for our opinion.) 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 671.5 m 562.5 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 671.5 m 434.5 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 671.5 m 498.5 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 671.5 m 562.5 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 643.5 m 434.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 643.5 m 498.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 643.5 m 562.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 559.5 m 434.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 559.5 m 498.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 559.5 m 562.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 559.5 m 498.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 461.5 m 434.5 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 447.5 m 434.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 461.5 m 498.5 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 447.5 m 498.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 461.5 m 562.5 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 447.5 m 562.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 405.5 m 434.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 405.5 m 498.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 405.5 m 562.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 405.5 m 498.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 405.5 m 562.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 377.5 m 434.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 377.5 m 498.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 377.5 m 562.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 349.5 m 434.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 337.5 m 434.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 335.5 m 434.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 349.5 m 498.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 337.5 m 498.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 335.5 m 498.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 349.5 m 562.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.5 m 562.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 335.5 m 562.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 280.5 m 434.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 280.5 m 498.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 280.5 m 562.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 252.5 m 434.5 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 252.5 m 498.5 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 252.5 m 562.5 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 239.5 m 434.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 237.5 m 434.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 239.5 m 498.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 237.5 m 498.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 239.5 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 502.5 237.5 m 562.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 182.5 m 434.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 182.5 m 498.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 182.5 m 562.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 154.5 m 434.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 154.5 m 498.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 154.5 m 562.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 141.5 m 434.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 139.5 m 434.5 139.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 141.5 m 498.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 139.5 m 498.5 139.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 141.5 m 562.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 139.5 m 562.5 139.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 688.73 Td (Y) Tj ET Q q 0 0 0 rg BT 429.03 688.73 Td (ear) Tj ET Q q 0 0 0 rg BT 439.62 688.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 500.35 688.73 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 675.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 675.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 675.73 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 662.41 Td (Revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 662.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 662.06 Td (9,736,909) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 662.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 456.75 662.06 Td (8,584,031) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 662.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 662.06 Td (7,192,633) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 648.41 Td (Cost of goods sold) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 648.06 Td (5,937,286) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 456.75 648.06 Td (5,232,328) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 648.06 Td (4,359,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 634.41 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 110.23 634.41 Td (gin) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 634.06 Td (3,799,623) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 456.75 634.06 Td (3,351,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 634.06 Td (2,833,529) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 620.41 Td (Facility and warehouse expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 620.06 Td (797,388) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 620.06 Td (688,918) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 620.06 Td (556,041) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 606.41 Td (Distribution expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 606.06 Td (784,485) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 606.06 Td (683,812) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 606.06 Td (602,897) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 592.41 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.75 592.06 Td (1,131,214) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 592.06 Td (986,380) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 592.06 Td (828,333) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 578.41 Td (Restructuring and acquisition related expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 578.06 Td (19,672) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 578.06 Td (37,762) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 578.06 Td (19,51) Tj ET Q q 0 0 0 rg BT 554.02 578.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 564.41 Td (Depreciation and amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 564.06 Td (219,546) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 564.06 Td (191,433) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 564.06 Td (122,120) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 550.41 Td (Operating income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 550.06 Td (847,318) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 550.06 Td (763,398) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 550.06 Td (704,627) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 536.41 Td (Other expense \(income\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 522.41 Td (Interest expense) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 522.06 Td (101,640) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 522.06 Td (88,263) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 522.06 Td (57,860) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 508.41 Td (Loss on debt extinguishment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.55 508.06 Td (456) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 508.06 Td (26,650) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 508.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 494.41 Td (Gains on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.30 494.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 494.06 Td (\(18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 494.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 494.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 480.41 Td (Gains on bar) Tj ET Q q 0 0 0 rg BT 119.46 480.41 Td (gain purchases) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 480.06 Td (\(3,870) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 480.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 480.06 Td (\(8,207) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 480.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 480.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 466.41 Td (Interest and other income, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 466.06 Td (\(17,535) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 466.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 466.06 Td (\(2,247) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 466.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 466.06 Td (\(2,263) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 466.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 452.41 Td (T) Tj ET Q q 0 0 0 rg BT 76.47 452.41 Td (otal other expense, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 452.06 Td (80,691) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 452.06 Td (86,1) Tj ET Q q 0 0 0 rg BT 485.27 452.06 Td (17) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 452.06 Td (55,597) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 438.41 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 399.90 438.06 Td (766,627) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 438.06 Td (677,281) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 438.06 Td (649,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 424.41 Td (Provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 424.06 Td (235,560) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 424.06 Td (220,566) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 424.06 Td (219,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 410.41 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 410.06 Td (5,907) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 477.35 410.06 Td (\(592) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 410.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 410.06 Td (\(6,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 410.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 396.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 396.06 Td (536,974) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 396.06 Td (456,123) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 396.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 382.41 Td (Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 382.06 Td (\(6,746) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 382.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 382.06 Td (7,852) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 382.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 368.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 368.06 Td (530,228) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 368.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 368.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 354.41 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 354.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 354.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 354.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 354.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 340.41 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 340.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 340.41 Td (533,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 340.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 340.41 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 340.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 340.41 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 313.41 Td (Basic earnings per share: ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 150.61 317.72 Td (\(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 299.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 299.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 299.06 Td (1.74) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 299.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 299.06 Td (1.49) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 299.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 299.06 Td (1.39) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 285.41 Td (Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.00 285.06 Td (\(0.02) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 285.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 285.06 Td (0.03) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 285.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 83.00 271.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 271.06 Td (1.72) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 271.06 Td (1.51) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 271.06 Td (1.39) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 257.41 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.00 257.06 Td (\(0.01) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 257.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 257.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 257.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 83.00 243.41 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 243.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 243.06 Td (1.73) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 243.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 243.06 Td (1.51) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 243.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 243.06 Td (1.39) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 215.41 Td (Diluted earnings per share:) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 155.62 219.72 Td ( \(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 201.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 201.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 201.06 Td (1.73) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 201.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 201.06 Td (1.47) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 201.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 201.06 Td (1.38) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 187.41 Td (Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.00 187.06 Td (\(0.02) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 187.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 187.06 Td (0.03) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 187.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 83.00 173.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 173.06 Td (1.71) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 173.06 Td (1.50) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 173.06 Td (1.38) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 159.41 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.00 159.06 Td (\(0.01) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 159.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 159.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 159.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 83.00 145.41 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 145.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 414.15 145.06 Td (1.72) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 145.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 145.06 Td (1.50) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 145.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.15 145.06 Td (1.38) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 50.00 133.90 Td (\(1\) ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.74 129.60 Td (The sum of the individual earnings per share amounts may not equal the total due to rounding.) 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 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 (65) 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 196.05 715.25 Td (Consolidated Statements of Compr) Tj ET Q q 0 0 0 rg BT 345.59 715.25 Td (ehensive Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 703.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 675.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 675.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 675.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 675.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 675.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 675.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 647.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 647.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 647.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 647.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 647.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 619.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 619.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 619.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 619.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 619.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 591.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 591.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 591.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 591.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 591.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 563.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 563.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 563.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 563.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 563.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 535.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 535.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 535.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 535.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 535.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 507.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 507.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 507.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 507.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 507.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 507.50 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 374.5 688.5 m 434.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 688.5 m 438.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 688.5 m 498.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 688.5 m 502.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 688.5 m 562.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 675.5 m 434.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 675.5 m 498.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 675.5 m 562.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 647.5 m 434.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 647.5 m 498.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 647.5 m 562.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 647.5 m 434.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 633.5 m 434.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 647.5 m 498.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 633.5 m 498.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 647.5 m 562.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 633.5 m 562.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 549.5 m 434.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 549.5 m 498.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 549.5 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 374.5 535.5 m 434.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 549.5 m 498.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 535.5 m 498.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 535.5 m 562.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 493.5 m 434.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 493.5 m 498.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 493.5 m 562.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 480.5 m 434.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 478.5 m 434.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 493.5 m 498.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 480.5 m 498.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 478.5 m 498.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 493.5 m 562.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 480.5 m 562.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 478.5 m 562.5 478.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 692.73 Td (Y) Tj ET Q q 0 0 0 rg BT 429.03 692.73 Td (ear) Tj ET Q q 0 0 0 rg BT 439.62 692.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 500.35 692.73 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 679.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 679.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 679.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 679.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 666.57 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 666.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 666.06 Td (530,228) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 666.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.75 666.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 666.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.75 666.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 652.41 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 652.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 652.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 652.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 652.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 638.41 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 638.06 Td (533,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.75 638.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.75 638.06 Td (423,223) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 610.57 Td (Other) Tj ET Q q 0 0 0 rg BT 77.18 610.57 Td ( compr) Tj ET Q q 0 0 0 rg BT 105.77 610.57 Td (ehensive income \(loss\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 596.41 Td (Foreign currency translation, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 596.06 Td (200,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 460.60 596.11 Td (\(175,639) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 596.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.35 596.11 Td (\(69,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 596.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 582.41 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 409.40 582.06 Td (3,447) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 582.06 Td (9,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.25 582.06 Td (2,469) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 568.41 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 406.25 568.06 Td (\(6,035) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 568.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 568.06 Td (4,91) Tj ET Q q 0 0 0 rg BT 489.88 568.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.25 568.06 Td (2,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 554.41 Td (Net change in other comprehensive loss from unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 554.06 Td (\(1,309) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 554.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 554.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 554.07 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 540.41 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 540.06 Td (196,699) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 460.60 540.11 Td (\(161,705) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 540.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.35 540.11 Td (\(65,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 540.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 512.57 Td (Compr) Tj ET Q q 0 0 0 rg BT 81.85 512.57 Td (ehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 512.06 Td (726,927) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.75 512.06 Td (302,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.75 512.06 Td (357,978) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 498.41 Td (Less: comprehensive loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 498.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 498.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 498.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 498.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 484.41 Td (Comprehensive income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 484.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 484.06 Td (730,443) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 484.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.75 484.06 Td (302,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 484.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.75 484.06 Td (357,978) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 133 0 obj <> endobj 134 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 (66) 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 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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 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0.9333333333333333 1 rg /GS0 gs 428.50 194.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 194.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 194.50 65.00 -15.00 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 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 104.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 104.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 104.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 104.50 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 428.5 573.5 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 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 428.5 319.5 m 493.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 319.5 m 562.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.5 m 493.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 149.5 m 493.5 149.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 149.5 m 562.5 149.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 149.5 m 562.5 149.5 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 497.5 119.5 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 428.5 104.5 m 493.5 104.5 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 497.5 104.5 m 562.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 90.5 m 493.5 90.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 88.5 m 493.5 88.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 104.5 m 562.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 90.5 m 562.5 90.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 88.5 m 562.5 88.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 694.73 Td (December) Tj ET Q q 0 0 0 rg BT 506.32 694.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 681.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 681.73 Td (2016) 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 cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 638.17 Td (279,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 638.17 Td (227,400) 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 449.65 623.17 Td (1,027,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 623.17 Td (860,549) 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 (2,380,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 608.17 Td (1,935,237) 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 457.15 593.17 Td (134,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 593.17 Td (87,768) 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 479.65 578.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 578.17 Td (456,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 564.07 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 564.07 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 563.17 Td (3,822,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 563.17 Td (3,567,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.07 Td (Property) Tj ET Q q 0 0 0 rg BT 87.11 549.07 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 548.17 Td (913,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 548.17 Td (81) Tj ET Q q 0 0 0 rg BT 536.15 548.17 Td (1,576) 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 (3,536,51) Tj ET Q q 0 0 0 rg BT 484.65 518.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 518.17 Td (3,054,769) 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 (743,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 503.17 Td (584,231) 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 (208,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 488.17 Td (183,467) 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 (142,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 473.17 Td (101,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 459.07 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 459.07 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 458.17 Td (9,366,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 458.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 458.17 Td (8,303,199) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.25 444.23 Td (Liabilities and Stockholders) Tj ET Q q 0 0 0 rg BT 284.31 444.23 Td ( 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 414.17 Td (788,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 414.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 414.17 Td (633,773) 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 (143,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 384.17 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 384.17 Td (18,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 370.07 Td (Other accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 369.17 Td (218,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 369.17 Td (209,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 355.07 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 354.17 Td (45,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 354.17 Td (37,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.07 Td (Current portion of long-term obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 339.17 Td (126,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.17 Td (66,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 325.07 Td (Liabilities of discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 324.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 324.17 Td (145,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 310.07 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 310.07 Td (otal current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 309.17 Td (1,322,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 309.17 Td (1,210,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 295.07 Td (Long-term obligations, excluding current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 294.17 Td (3,277,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 294.17 Td (3,275,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.07 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 279.17 Td (252,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 279.17 Td (199,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 265.07 Td (Other noncurrent liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 264.17 Td (307,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 264.17 Td (174,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.07 Td (Commitments and contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.07 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 107.80 235.07 Td ( equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 220.07 Td (Common stock, $0.01 par value, 1,000,000,000 shares authorized, 309,126,386 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 210.07 Td (307,544,759 shares issued and outstanding at December31, 2017 and December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 200.07 Td (2016, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 199.17 Td (3,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 199.17 Td (3,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 185.07 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 184.17 Td (1,141,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 184.17 Td (1,1) Tj ET Q q 0 0 0 rg BT 531.15 184.17 Td (16,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 170.07 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 169.17 Td (3,124,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 169.17 Td (2,590,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 155.07 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 154.22 Td (\(70,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 154.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 154.22 Td (\(267,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 154.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 140.07 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 140.07 Td (otal Company stockholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 139.17 Td (4,198,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 139.17 Td (3,442,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 125.07 Td (Noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 124.17 Td (8,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 124.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 110.07 Td (T) Tj ET Q q 0 0 0 rg BT 112.76 110.07 Td (otal stockholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 109.17 Td (4,206,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 109.17 Td (3,442,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 95.07 Td (T) Tj ET Q q 0 0 0 rg BT 112.41 95.07 Td (otal liabilities and stockholders) Tj ET Q q 0 0 0 rg BT 239.70 95.07 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 94.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 94.17 Td (9,366,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 94.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 94.17 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 135 0 obj <> endobj 136 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 (67) 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 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 547.50 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 547.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 547.50 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 547.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 547.50 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 513.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 513.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 513.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 513.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 513.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 491.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 491.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 491.50 4.00 -11.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 497.50 161.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 161.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 136.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 136.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 136.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 136.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 136.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 136.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 114.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 114.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 114.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 114.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 114.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 114.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 92.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 92.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 92.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 92.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 92.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 92.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 70.50 333.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 70.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 70.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 70.50 55.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 70.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 70.50 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 442.5 469.5 m 497.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 469.5 m 556.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 469.5 m 438.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 458.5 m 438.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 469.5 m 497.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 458.5 m 497.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 469.5 m 556.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 458.5 m 556.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 381.5 m 497.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 381.5 m 556.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 381.5 m 438.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 370.5 m 438.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 370.5 m 497.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 381.5 m 556.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 370.5 m 556.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 205.5 m 438.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 194.5 m 438.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 205.5 m 497.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 194.5 m 497.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 205.5 m 556.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 194.5 m 556.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 194.5 m 438.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 183.5 m 438.5 183.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 194.5 m 497.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 183.5 m 497.5 183.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 194.5 m 556.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 183.5 m 556.5 183.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 172.5 m 438.5 172.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 172.5 m 497.5 172.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 172.5 m 556.5 172.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 150.5 m 438.5 150.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 150.5 m 497.5 150.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 150.5 m 556.5 150.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 136.5 m 438.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 150.5 m 497.5 150.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 136.5 m 497.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 150.5 m 556.5 150.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 136.5 m 556.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 136.5 m 438.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 114.5 m 497.5 114.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 114.5 m 556.5 114.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 114.5 m 438.5 114.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 104.5 m 438.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 102.5 m 438.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 114.5 m 497.5 114.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 104.5 m 497.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 102.5 m 497.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 114.5 m 556.5 114.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 104.5 m 556.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 102.5 m 556.5 102.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.20 695.58 Td (Y) Tj ET Q q 0 0 0 rg BT 430.53 695.58 Td (ear) Tj ET Q q 0 0 0 rg BT 441.12 695.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 501.85 695.58 Td ( 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 683.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 683.58 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 670.81 Td (CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 168.78 670.81 Td (TING ) Tj ET Q q 0 0 0 rg BT 191.77 670.81 Td (ACTIVITIES:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 659.81 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 659.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 659.81 Td (530,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 659.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 659.81 Td (463,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 659.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 659.81 Td (423,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 648.81 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 637.81 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 637.81 Td (230,203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 637.81 Td (206,086) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 637.81 Td (128,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 626.81 Td (Stock-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 626.81 Td (22,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 626.81 Td (22,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 626.81 Td (21,336) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 615.81 Td (Loss on debt extinguishment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 615.81 Td (456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 615.81 Td (26,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 615.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 604.81 Td (Loss on sale of business) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 604.81 Td (10,796) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 604.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 604.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 593.81 Td (Impairment on net assets of discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 593.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 593.81 Td (26,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 593.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 582.81 Td (Gains on foreign exchange contracts - acquisition related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 582.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 582.81 Td (\(18,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 582.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 582.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 571.81 Td (Gains on bar) Tj ET Q q 0 0 0 rg BT 134.91 571.81 Td (gain purchases) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 571.81 Td (\(3,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 571.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 571.81 Td (\(8,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 571.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 571.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 560.81 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 560.81 Td (\(46,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 560.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 560.81 Td (\(16,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 560.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 560.81 Td (22,388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 549.81 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 549.81 Td (1,301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 549.81 Td (19,550) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.75 549.81 Td (7,348) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 537.96 Td (Changes in operating assets and liabilities, net of ef) Tj ET Q q 0 0 0 rg BT 274.04 537.96 Td (fects from acquisitions and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.00 528.96 Td (dispositions:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 515.81 Td (Receivables, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 515.81 Td (\(55,979) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 515.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 515.81 Td (\(50,801) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 515.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 515.81 Td (14,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 504.81 Td (Inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 504.81 Td (\(203,857) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 504.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 504.81 Td (\(64,1) Tj ET Q q 0 0 0 rg BT 485.00 504.81 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 504.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 504.81 Td (\(83,188) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 504.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 493.81 Td (Prepaid income taxes/income taxes payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 493.81 Td (8,376) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 493.81 Td (14,944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 493.81 Td (17,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 482.81 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 482.81 Td (45,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 482.81 Td (18,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 482.81 Td (\(4,222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 482.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 471.81 Td (Other operating assets and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 471.81 Td (\(20,185) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 471.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 471.81 Td (\(6,291) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 471.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 471.81 Td (\(2,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 471.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.00 460.81 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 460.81 Td (518,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 460.81 Td (635,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 460.81 Td (544,282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 449.81 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 189.76 449.81 Td (ACTIVITIES:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 438.81 Td (Purchases of property) Tj ET Q q 0 0 0 rg BT 149.19 438.81 Td (, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 438.81 Td (\(179,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 438.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 438.81 Td (\(207,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 438.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.75 438.81 Td (\(170,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 438.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 427.81 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 427.81 Td (\(513,088) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 427.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 427.81 Td (\(1,349,339) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 427.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.75 427.81 Td (\(160,517) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 427.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 416.81 Td (Proceeds from disposals of business/investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 416.81 Td (301,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 416.81 Td (10,304) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 416.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 405.81 Td (Investments in unconsolidated subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 405.81 Td (\(7,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 405.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 405.81 Td (\(185,671) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 405.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 405.81 Td (\(9,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 405.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 394.81 Td (Proceeds from foreign exchange contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 394.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 394.81 Td (18,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 394.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 383.81 Td (Other investing activities, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 383.81 Td (13,950) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 383.81 Td (3,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 383.81 Td (10,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 372.81 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 372.81 Td (\(384,595) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 372.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 372.81 Td (\(1,709,928) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 372.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.75 372.81 Td (\(329,993) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 372.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 361.81 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 191.27 361.81 Td (ACTIVITIES:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 350.81 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 350.81 Td (7,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 350.81 Td (7,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.75 350.81 Td (8,168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 339.81 Td (T) Tj ET Q q 0 0 0 rg BT 76.18 339.81 Td (axes paid related to net share settlements of stock-based compensation awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 339.81 Td (\(5,525) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 339.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 339.81 Td (\(4,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 339.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 339.81 Td (\(7,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 339.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 328.81 Td (Debt issuance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 328.81 Td (\(4,267) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 328.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 328.81 Td (\(16,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 328.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.00 328.81 Td (\(97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 328.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 317.81 Td (Proceeds from issuance of Euro Notes \(2024\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 317.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 317.81 Td (563,450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 317.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 306.81 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 306.81 Td (839,171) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 306.81 Td (2,636,596) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 306.81 Td (313,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 295.81 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 295.81 Td (\(946,477) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 295.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 295.81 Td (\(1,748,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 295.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.75 295.81 Td (\(445,282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 295.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 284.81 Td (Borrowings under term loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 284.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 284.81 Td (582,1) Tj ET Q q 0 0 0 rg BT 485.00 284.81 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 284.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 273.81 Td (Repayments under term loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 273.81 Td (\(27,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 273.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 273.81 Td (\(255,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 273.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 273.81 Td (\(22,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 273.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 262.81 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 262.81 Td (1) Tj ET Q q 0 0 0 rg BT 414.75 262.81 Td (1,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 262.81 Td (106,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.75 262.81 Td (3,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 251.81 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 251.81 Td (\(1) Tj ET Q q 0 0 0 rg BT 414.75 251.81 Td (1,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 251.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 251.81 Td (\(69,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 251.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 251.81 Td (\(35,758) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 251.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 240.81 Td (Borrowings \(repayments\) of other debt, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 240.81 Td (19,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 240.81 Td (\(31,156) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 240.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 240.81 Td (\(29,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 240.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 229.81 Td (Payments of Rhiag debt and related payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 229.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 229.81 Td (\(543,347) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 229.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 229.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 218.81 Td (Payments of other obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 218.81 Td (\(2,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 218.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 218.81 Td (\(1,436) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 218.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 218.81 Td (\(22,791) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 218.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 207.81 Td (Other financing activities, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 207.81 Td (7,316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 207.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 207.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 196.81 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 196.81 Td (\(1) Tj ET Q q 0 0 0 rg BT 410.25 196.81 Td (12,567) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 196.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 196.81 Td (1,225,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.75 196.81 Td (\(238,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 196.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 185.81 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.41 185.81 Td (fect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 185.81 Td (23,512) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 185.81 Td (\(3,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 185.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 185.81 Td (\(2,960) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 185.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 174.81 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 174.81 Td (45,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 174.81 Td (147,1) Tj ET Q q 0 0 0 rg BT 485.00 174.81 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 174.81 Td (\(27,208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 174.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 163.81 Td (Cash and cash equivalents of continuing operations, beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 163.81 Td (227,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 163.81 Td (87,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 163.81 Td (1) Tj ET Q q 0 0 0 rg BT 528.25 163.81 Td (14,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 152.81 Td (Add: Cash and cash equivalents of discontinued operations, beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 152.81 Td (7,1) Tj ET Q q 0 0 0 rg BT 426.00 152.81 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 152.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 152.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 140.96 Td (Cash and cash equivalents of continuing and discontinued operations, beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 140.96 Td (234,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 140.96 Td (87,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 140.96 Td (1) Tj ET Q q 0 0 0 rg BT 528.25 140.96 Td (14,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 127.81 Td (Cash and cash equivalents of continuing and discontinued operations, end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 127.81 Td (279,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 127.81 Td (234,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 127.81 Td (87,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 116.81 Td (Less: Cash and cash equivalents of discontinued operations, end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 116.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 116.81 Td (\(7,1) Tj ET Q q 0 0 0 rg BT 485.00 116.81 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 116.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 116.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 105.81 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 105.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 105.81 Td (279,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 105.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 105.81 Td (227,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 105.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 105.81 Td (87,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 94.81 Td (Supplemental disclosure of cash paid for:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 83.81 Td (Income taxes, net of refunds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 83.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 83.81 Td (273,019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 83.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 83.81 Td (230,036) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 83.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 83.81 Td (180,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 72.81 Td (Interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 72.81 Td (95,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 72.81 Td (86,021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 72.81 Td (54,917) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 61.81 Td (Supplemental disclosure of noncash investing and financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 50.81 Td (Contingent consideration liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 50.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 50.81 Td (6,234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 50.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 50.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 50.81 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 50.81 Td () 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 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 (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.60 738.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 279.14 738.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 306.65 738.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.80 720.25 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 708.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 702.50 333.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 702.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 702.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 702.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 702.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 702.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.50 333.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 670.50 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 670.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 670.50 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 670.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 670.50 55.00 -22.00 re f /GS0 gs BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 693.76 Td (Notes payable and other financing obligations, including notes issued and debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 684.76 Td (assumed in connection with business acquisitions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 685.96 Td (59,045) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 685.96 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 192.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 192.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 192.50 59.00 -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 267.5 690.5 m 325.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 690.5 m 329.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 690.5 m 375.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 690.5 m 379.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 690.5 m 437.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 676.5 m 219.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 676.5 m 223.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 676.5 m 263.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 653.5 m 219.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 653.5 m 263.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 653.5 m 325.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 653.5 m 375.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 653.5 m 437.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 653.5 m 499.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 653.5 m 562.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 478.5 m 219.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 478.5 m 263.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 478.5 m 325.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 478.5 m 375.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 478.5 m 437.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 478.5 m 499.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 478.5 m 562.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 367.5 m 219.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 367.5 m 263.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 367.5 m 325.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 367.5 m 375.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 367.5 m 437.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 367.5 m 499.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 367.5 m 562.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 192.5 m 219.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 179.5 m 219.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 177.5 m 219.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 192.5 m 263.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 179.5 m 263.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 177.5 m 263.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 192.5 m 325.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 179.5 m 325.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 177.5 m 325.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 192.5 m 375.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 179.5 m 375.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 177.5 m 375.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 192.5 m 437.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 179.5 m 437.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 177.5 m 437.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 192.5 m 499.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 179.5 m 499.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 177.5 m 499.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 192.5 m 562.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 179.5 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 503.5 177.5 m 562.5 177.5 l s BT /F2 7.80 Tf ET q 0 0 0 rg BT 320.65 694.72 Td (LKQ Stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 680.96 Td () Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 195.80 680.72 Td (Common Stock) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 278.20 665.52 Td (Additional) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 270.10 657.72 Td (Paid-InCapital) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 337.05 665.52 Td (Retained) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 336.80 657.72 Td (Earnings) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 385.90 681.12 Td (Accumulated) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 398.10 673.32 Td (Other) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 382.05 665.52 Td (Compr) Tj ET Q q 0 0 0 rg BT 405.74 665.52 Td (ehensive ) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 384.45 657.72 Td (\(Loss\) Income) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 444.90 665.52 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 476.46 665.52 Td (olling) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 457.05 657.72 Td (Inter) Tj ET Q q 0 0 0 rg BT 473.87 657.72 Td (est) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 523.95 673.32 Td (T) Tj ET Q q 0 0 0 rg BT 528.79 673.32 Td (otal) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 509.70 665.52 Td (Stockholders') Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 521.20 657.72 Td (Equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 657.96 Td () Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 188.30 665.52 Td (Shar) Tj ET Q q 0 0 0 rg BT 204.20 665.52 Td (es) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 188.85 657.72 Td (Issued) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 229.30 657.72 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 644.76 Td (BALANCE, January 1, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.75 643.96 Td (303,453) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.00 643.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 643.96 Td (3,035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.00 643.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.00 643.96 Td (1,054,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 643.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 643.96 Td (1,703,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 643.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 643.96 Td (\(40,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 643.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.00 643.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 643.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 643.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 643.96 Td (2,720,657) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 629.96 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 629.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 629.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 629.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.75 629.96 Td (423,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 629.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 629.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 629.96 Td (423,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 615.96 Td (Other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 615.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 615.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 615.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 615.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 615.96 Td (\(65,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 615.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 615.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 615.96 Td (\(65,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 615.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 602.76 Td (Restricted stock units vested,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 593.76 Td (net of shares withheld for) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 584.76 Td (employee tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 583.96 Td (840) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 583.96 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 583.96 Td (\(4,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 583.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 583.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 583.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 583.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 583.96 Td (\(4,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 583.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 569.96 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 560.96 Td (expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 560.96 Td (21,336) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 560.96 Td (21,336) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 547.76 Td (Exercise of stock options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.75 546.96 Td (1,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 546.96 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 546.96 Td (8,849) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 546.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 546.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 546.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 546.96 Td (8,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 532.96 Td (T) Tj ET Q q 0 0 0 rg BT 76.18 532.96 Td (ax withholdings related to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 523.96 Td (net share settlements of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 514.96 Td (stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 505.96 Td (awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.50 505.96 Td (\(144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.00 505.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.50 505.96 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.00 505.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 505.96 Td (\(3,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 505.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 505.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 505.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 505.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 505.96 Td (\(3,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 505.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 491.96 Td (Excess tax benefit from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 482.96 Td (stock-based payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 482.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 482.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 482.96 Td (14,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 482.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 482.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 482.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 482.96 Td (14,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 469.76 Td (BALANCE, December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.75 468.96 Td (305,574) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 468.96 Td (3,055) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.00 468.96 Td (1,090,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 468.96 Td (2,126,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 468.96 Td (\(105,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 468.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 468.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 468.96 Td (3,1) Tj ET Q q 0 0 0 rg BT 534.25 468.96 Td (14,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 454.96 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 454.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 454.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 454.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.75 454.96 Td (463,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 454.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 454.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 454.96 Td (463,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 441.76 Td (Other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 440.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 440.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 440.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 440.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 440.96 Td (\(161,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 440.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 440.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.75 440.96 Td (\(161,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 440.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 427.76 Td (Restricted stock units vested,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 418.76 Td (net of shares withheld for) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 409.76 Td (employee tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 408.96 Td (847) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 408.96 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 408.96 Td (\(4,447) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 408.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 408.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 408.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 408.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 408.96 Td (\(4,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 408.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 395.76 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 386.76 Td (expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 385.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 385.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 385.96 Td (22,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 385.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 385.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 385.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 385.96 Td (22,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 372.76 Td (Exercise of stock options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.75 371.96 Td (1,124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 371.96 Td (1) Tj ET Q q 0 0 0 rg BT 255.50 371.96 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 371.96 Td (7,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 371.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 371.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 371.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 371.96 Td (7,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 358.76 Td (BALANCE, December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.75 357.96 Td (307,545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 357.96 Td (3,075) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.00 357.96 Td (1,1) Tj ET Q q 0 0 0 rg BT 297.25 357.96 Td (16,690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 357.96 Td (2,590,359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 357.96 Td (\(267,175) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 357.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 357.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 357.96 Td (3,442,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 343.96 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 343.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 343.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 343.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.75 343.96 Td (533,744) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 343.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 343.96 Td (\(3,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 343.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 343.96 Td (530,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 330.76 Td (Other comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 329.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 329.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 329.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 329.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 329.96 Td (196,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 329.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 329.96 Td (196,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 316.76 Td (Restricted stock units vested,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 307.76 Td (net of shares withheld for) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 298.76 Td (employee tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 297.96 Td (749) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 297.96 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 297.96 Td (\(4,332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 297.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 297.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 297.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 297.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 297.96 Td (\(4,325) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 297.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 284.76 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 275.76 Td (expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 274.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 274.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 274.96 Td (22,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 274.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 274.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 274.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 274.96 Td (22,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 261.76 Td (Exercise of stock options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 260.96 Td (867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 260.96 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 260.96 Td (7,461) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 260.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 260.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 260.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 260.96 Td (7,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 247.76 Td (T) Tj ET Q q 0 0 0 rg BT 76.18 247.76 Td (ax withholdings related to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 238.76 Td (net share settlements of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 229.76 Td (stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 220.76 Td (awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 219.96 Td (\(34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.00 219.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 219.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 219.96 Td (\(1,200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 219.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 219.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 219.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 219.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 219.96 Td (\(1,200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 219.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 206.76 Td (Sales of subsidiary shares to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 197.76 Td (noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.00 196.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 196.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 196.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 196.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 196.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 196.96 Td (12,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 196.96 Td (12,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 183.76 Td (BALANCE, December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.75 182.96 Td (309,127) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.00 182.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 182.96 Td (3,091) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.00 182.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.00 182.96 Td (1,141,451) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 182.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 182.96 Td (3,124,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 182.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 182.96 Td (\(70,476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 182.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.00 182.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 182.96 Td (8,484) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 182.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 182.96 Td (4,206,653) Tj ET Q BT /F1 10.00 Tf ET 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 /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 a leading provider of alternative vehicle collision replacement products and alternative vehicle mechanical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (replacement products, with our sales, processing, and distribution facilities reaching most major markets in the United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (and Canada. ) Tj ET Q q 0 0 0 rg BT 101.74 605.25 Td (W) Tj ET Q q 0 0 0 rg BT 110.38 605.25 Td (e are also a leading provider of alternative vehicle replacement and maintenance products in Europe. In addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (to our wholesale operations, we operate self service retail facilities across the U.S. that sell recycled automotive products from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (end-of-life-vehicles. ) Tj ET Q q 0 0 0 rg BT 133.67 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.30 581.25 Td (e are also a leading distributor of specialty vehicle aftermarket equipment and accessories reaching most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (major markets in the U.S. and Canada. In total, we operate approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.13 569.25 Td (1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.63 569.25 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 (During the year ended December 31, 2017, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.53 527.25 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.53 527.25 Td ( acquisitions including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.57 527.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.57 527.25 Td ( wholesale businesses in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.42 515.25 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.42 515.25 Td ( wholesale businesses in Europe and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.72 515.25 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.72 515.25 Td ( Specialty vehicle aftermarket businesses. Our acquisitions in Europe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (included the acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.86 503.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.52 503.25 Td ( aftermarket parts distribution businesses in Belgium in July 2017. Our acquisitions in Specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (included the acquisition of ) Tj ET Q q 0 0 0 rg BT 158.68 491.25 Td (W) Tj ET Q q 0 0 0 rg BT 167.32 491.25 Td (arn in November 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 473.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 473.25 Td (otal acquisition date fair value of the consideration for these acquisitions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.43 473.25 Td ($542 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.82 473.25 Td (, composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.69 473.25 Td ($510 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 461.25 Td ( of cash paid \(net of cash acquired\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 461.25 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.50 461.25 Td (for the estimated value of contingent payments to former owners \(with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (maximum potential payments totaling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.42 449.25 Td ($19 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.81 449.25 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.14 449.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.53 449.25 Td ( of other purchase price obligations \(non-interest bearing\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 437.25 Td ( of notes payable. ) Tj ET Q q 0 0 0 rg BT 169.24 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 177.88 437.25 Td (e typically fund our acquisitions using borrowings under our credit facilities or other financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (arrangements. During theyear ended December31, 2017, we recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.71 425.25 Td ($307 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.10 425.25 Td (of goodwill related to these acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (of which we expect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.52 413.25 Td ($21 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.91 413.25 Td (to be 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 50.00 401.25 Td (December 31, 2017, these acquisitions generated revenue of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.24 401.25 Td ($227 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.63 401.25 Td (and an operating loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.17 401.25 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.56 401.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 383.25 Td (On December 10, 2017, we entered into an agreement to acquire Stahlgruber) Tj ET Q q 0 0 0 rg BT 392.98 383.25 Td (, a leading European wholesale distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (of aftermarket spare parts for passenger cars, tools, capital equipment and accessories with operations inGermany) Tj ET Q q 0 0 0 rg BT 506.13 371.25 Td (,) Tj ET Q q 0 0 0 rg BT 510.58 371.25 Td (Austria, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (Czech Republic,Italy) Tj ET Q q 0 0 0 rg BT 136.26 359.25 Td (,Slovenia, andCroatiawith further sales toSwitzerland.) Tj ET Q q 0 0 0 rg BT 364.92 359.25 Td (The transaction is expected to be completed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (the first half of 2018 and is subject to regulatory approvals. ) Tj ET Q q 0 0 0 rg BT 289.20 347.25 Td (This acquisition will expand LKQ's geographic presence in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (continental Europe and serve as an additional strategic hub for our European operations. In addition, we believe this acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (will allow for continued improvement in procurement, logistics and infrastructure optimization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 305.25 Td (On March 18, 2016, we 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 50.00 293.25 Td (vehicles in Italy) Tj ET Q q 0 0 0 rg BT 113.22 293.25 Td (, Czech Republic, Slovakia, Switzerland, Hungary) Tj ET Q q 0 0 0 rg BT 313.91 293.25 Td (, Romania, Ukraine, Bulgaria, Poland and Spain. ) Tj ET Q q 0 0 0 rg BT 511.46 293.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 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 50.00 269.25 Td (purchasing syner) Tj ET Q q 0 0 0 rg BT 117.86 269.25 Td (gies. ) Tj ET Q q 0 0 0 rg BT 138.78 269.25 Td (T) Tj ET Q q 0 0 0 rg BT 144.19 269.25 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 470.49 269.25 Td (534 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.88 269.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.71 269.25 Td ($602 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 257.25 Td (\), composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.10 257.25 Td (534 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.49 257.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.32 257.25 Td ($601 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.71 257.25 Td (\) of cash paid \(net of cash acquired\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.70 257.25 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.09 257.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.92 257.25 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.31 257.25 Td (\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (intercompany balances considered to be ef) Tj ET Q q 0 0 0 rg BT 220.02 245.25 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 489.11 245.25 Td (489 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.50 245.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 233.25 Td ($551 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 233.25 Td (\) of existing Rhiag debt as of the acquisition date. ) Tj ET Q q 0 0 0 rg BT 305.88 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 314.52 233.25 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.94 233.25 Td ($591 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.33 233.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.16 233.25 Td ($585 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.55 233.25 Td ( in 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.77 233.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.16 233.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (in the three months ended March 31, 2017\) of goodwill related to our acquisition of Rhiag, which we do not expect to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (deductible for income tax purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 191.25 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 50.00 179.25 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 230.21 179.25 Td (588 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.61 179.25 Td (. ) Tj ET Q q 0 0 0 rg BT 286.43 179.25 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 50.00 167.25 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 489.27 167.25 Td ($18 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.66 167.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (during the year ended December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 222.81 155.25 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 50.00 143.25 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 404.59 143.25 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.18 143.25 Td ( December31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 125.25 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 125.25 Td (April 21, 2016, we acquired PGW) Tj ET Q q 0 0 0 rg BT 236.17 125.25 Td (. ) Tj ET Q q 0 0 0 rg BT 240.61 125.25 Td (At acquisition, PGW) Tj ET Q q 0 0 0 rg BT 327.00 125.25 Td (s business comprised aftermarket automotive replacement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (glass distribution services and automotive glass manufacturing. ) Tj ET Q q 0 0 0 rg BT 305.88 113.25 Td (The acquisition expanded our addressable market in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 88.87 101.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 138.77 101.25 Td (, the acquisition created distribution syner) Tj ET Q q 0 0 0 rg BT 306.33 101.25 Td (gies with our existing network. ) Tj ET Q q 0 0 0 rg BT 432.80 101.25 Td (T) Tj ET Q q 0 0 0 rg BT 438.21 101.25 Td (otal acquisition date fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (of the consideration for our PGW) Tj ET Q q 0 0 0 rg BT 183.95 89.25 Td ( acquisition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.88 89.25 Td ($662 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.28 89.25 Td (, consisting of cash paid \(net of cash acquired\). ) Tj ET Q q 0 0 0 rg BT 492.87 89.25 Td (W) Tj ET Q q 0 0 0 rg BT 501.50 89.25 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td ($208 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.39 77.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.22 77.25 Td ($205 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.61 77.25 Td ( in 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.83 77.25 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.22 77.25 Td ( in the six months ended June 30, 2017\) of goodwill related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (acquisition of PGW) Tj ET Q q 0 0 0 rg BT 128.52 65.25 Td (, of which we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.04 65.25 Td ($104 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.43 65.25 Td ( to be deductible for income tax purposes. ) 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 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (On October 4, 2016, we acquired substantially all of the business assets of ) Tj ET Q q 0 0 0 rg BT 385.11 742.10 Td (Andrew Page, a distributor of aftermarket ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (automotive parts in the U.K., out of receivership. ) Tj ET Q q 0 0 0 rg BT 248.66 730.10 Td (The acquisition was subject to regulatory approval by the CMA) Tj ET Q q 0 0 0 rg BT 502.77 730.10 Td ( in the U.K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (The CMA) Tj ET Q q 0 0 0 rg BT 90.28 718.10 Td ( concluded its review on October 31, 2017 and determined that we must divest less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.36 718.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.69 718.10 Td ( of the acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (locations. ) Tj ET Q q 0 0 0 rg BT 90.92 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.33 706.10 Td (otal acquisition date fair value of the consideration for this acquisition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.36 706.10 Td (16 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.75 706.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.58 706.10 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.97 706.10 Td (\). In connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (with the acquisition, we recorded a gain on bar) Tj ET Q q 0 0 0 rg BT 237.26 694.10 Td (gain purchase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.84 694.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.23 694.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.06 694.10 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.45 694.10 Td ( recorded in 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 694.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.54 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (recorded in 2017\), which is reported on a separate line in our consolidated statements of income. ) Tj ET Q q 0 0 0 rg BT 439.14 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 447.78 682.10 Td (e believe that we were able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (to acquire the net assets of ) Tj ET Q q 0 0 0 rg BT 157.74 670.10 Td (Andrew Page for less than fair value as a result of \(i\) ) Tj ET Q q 0 0 0 rg BT 371.01 670.10 Td (Andrew Page's financial dif) Tj ET Q q 0 0 0 rg BT 481.76 670.10 Td (ficulties that put the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (company into receivership prior to our acquisition and \(ii\) a motivated seller that desired to complete the sale in an expedient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (manner to ensure continuity of the business. ) 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 (In addition to our acquisitions of Rhiag, PGW) Tj ET Q q 0 0 0 rg BT 270.24 628.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 289.13 628.10 Td (Andrew Page, we acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.36 628.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.13 628.10 Td ( wholesale businesses in Europe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 616.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.49 616.10 Td ( wholesale businesses in North ) Tj ET Q q 0 0 0 rg BT 207.75 616.10 Td (America during the year ended December31, 2016. ) Tj ET Q q 0 0 0 rg BT 417.49 616.10 Td (T) Tj ET Q q 0 0 0 rg BT 422.90 616.10 Td (otal acquisition date fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (the consideration for these acquisitions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.62 604.10 Td ($76 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.01 604.10 Td (, composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.89 604.10 Td ($68 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.28 604.10 Td ( of cash paid \(net of cash acquired\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 604.10 Td ($4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 592.10 Td ( of notes payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.36 592.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 592.10 Td ( of other purchase price obligations \(non-interest bearing\). During theyear ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (December31, 2016, we recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.22 580.10 Td ($52 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.61 580.10 Td (of goodwill related to these acquisitions and immaterial adjustments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (preliminary purchase price allocations related to certain of our 2015 acquisitions. ) Tj ET Q q 0 0 0 rg BT 376.93 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 385.57 568.10 Td (e expect that substantially all of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (goodwill recorded for these acquisitions will not be deductible for income tax purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (During the year ended December31, 2015, we completed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.53 538.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.53 538.10 Td ( acquisitions, includingfourwholesale businessesin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 526.10 Td (America,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.70 526.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 526.10 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 50.00 514.10 Td (Our wholesale business acquisitions in North ) Tj ET Q q 0 0 0 rg BT 232.76 514.10 Td (America included Parts Channel, an aftermarket collision parts distributor) Tj ET Q q 0 0 0 rg BT 527.95 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 532.77 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 541.41 514.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (also acquired Coast, a specialty aftermarket business that distributes replacement parts, supplies and accessories in North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (America for the R) Tj ET Q q 0 0 0 rg BT 121.67 490.10 Td (V) Tj ET Q q 0 0 0 rg BT 128.71 490.10 Td ( and outdoor recreation markets. Our European acquisitions included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.96 490.10 Td (1) Tj ET Q q 0 0 0 rg BT 411.59 490.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.59 490.10 Td (aftermarket parts distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (businesses in the Netherlands,nineof which were former customers of and distributors for our Netherlands subsidiary) Tj ET Q q 0 0 0 rg BT 522.29 478.10 Td (, Sator) Tj ET Q q 0 0 0 rg BT 548.00 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (and were acquired with the objective of expanding our distribution network in the Netherlands. Our other acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (completed during theyear ended December31, 2015enabled us to expand our geographic presence. ) Tj ET Q q 0 0 0 rg BT 453.83 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 459.24 454.10 Td (otal acquisition date fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (value of the consideration for these acquisitions was$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.61 442.10 Td (188 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 442.10 Td (, composed of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.88 442.10 Td ($161 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.27 442.10 Td (of cash \(net of cash acquired\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.76 442.10 Td ($4 ) 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 (of notes payable,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.92 430.10 Td ($21 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.32 430.10 Td (of other purchase price obligations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.60 430.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.99 430.10 Td ( of pre-existing balances between us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and the acquired entities considered to be ef) Tj ET Q q 0 0 0 rg BT 225.58 418.10 Td (fectively settled as a result of the acquisitions. During theyear ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (2015, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.64 406.10 Td ($92 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.03 406.10 Td (of goodwill related to these acquisitions and immaterial adjustments to preliminary purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (price allocations related to certain of our2014acquisitions. ) Tj ET Q q 0 0 0 rg BT 289.74 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.38 394.10 Td (e expect$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.91 394.10 Td (70 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 394.10 Td ( of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.35 394.10 Td ($92 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.74 394.10 Td (of goodwill recorded to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (be deductible for income tax purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.10 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 50.00 352.10 Td (financial statements from the dates of acquisition. ) Tj ET Q q 0 0 0 rg BT 251.43 352.10 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 50.00 340.10 Td (estimated fair market values at the dates of acquisition. ) Tj ET Q q 0 0 0 rg BT 272.52 340.10 Td (The purchase price allocations for the acquisitions made during the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (ended December 31, 2017 are preliminary as we are in the process of determining the following: 1\)valuation amounts for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (certain receivables, inventories and fixed assets acquired; 2\) valuation amounts for certain intangible assets acquired; 3\) the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (acquisition date fair value of certain liabilities assumed; and 4\)the final estimation of the tax basis of the entities acquired. ) Tj ET Q q 0 0 0 rg BT 542.44 304.10 Td (W) Tj ET Q q 0 0 0 rg BT 551.08 304.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (have recorded preliminary estimates for certain of the items noted above and will record adjustments, if any) Tj ET Q q 0 0 0 rg BT 480.59 292.10 Td (, to the preliminary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (amounts upon finalization of the valuations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.10 Td (From the date of our preliminary allocation for Rhiag in the first quarter of 2016 through March31, 2017, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (adjustments based on our valuation procedures for our acquisition of Rhiag that resulted in a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 250.10 Td ($154 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.54 250.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (goodwill recorded in 2016, partially of) Tj ET Q q 0 0 0 rg BT 204.78 238.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.16 238.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.55 238.10 Td (increase to goodwill recorded in 2017. ) Tj ET Q q 0 0 0 rg BT 441.21 238.10 Td (The 2016 adjustments were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (primarily attributable to an increase in the value allocated to acquired assets, primarily intangible assets and property) Tj ET Q q 0 0 0 rg BT 516.69 226.10 Td (, plant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (equipment; the 2017 adjustments were primarily attributable to a decline in the value allocated to property) Tj ET Q q 0 0 0 rg BT 474.49 214.10 Td (, plant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 96.66 202.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 146.56 202.10 Td (, from the date of our preliminary allocation for PGW) Tj ET Q q 0 0 0 rg BT 361.31 202.10 Td ( in the second quarter of 2016 through June30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (2017, we recorded adjustments based on our valuation procedures that resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.45 190.10 Td ($24 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.85 190.10 Td ( increase to goodwill recorded, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.77 178.10 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 178.10 Td ( was recorded in 2017. ) Tj ET Q q 0 0 0 rg BT 222.29 178.10 Td (These adjustments were primarily attributable to a decline in the value allocated to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (property) Tj ET Q q 0 0 0 rg BT 83.23 166.10 Td (, plant and equipment, partially of) Tj ET Q q 0 0 0 rg BT 218.84 166.10 Td (fset by an increase in the value allocated to deferred taxes. Finally) Tj ET Q q 0 0 0 rg BT 482.53 166.10 Td (, from the date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (our preliminary allocations for our acquisitions completed in the first nine months of 2017 through December 31, 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (recorded adjustmentsbased on our valuation proceduresthat resulted ina decreasetogoodwill of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.37 142.10 Td ($15 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.76 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 493.58 142.10 Td (This decrease to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (goodwill was primarily a result of \(i\) an increase in the value allocatedto acquired assets, primarily intangibleassets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (property) Tj ET Q q 0 0 0 rg BT 83.23 118.10 Td (, plant and equipment, and \(ii\) a decrease in our estimateof the acquisition datefair value of the contingent payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (liability to the former owners. ) Tj ET Q q 0 0 0 rg BT 172.01 106.10 Td (The income statement ef) Tj ET Q q 0 0 0 rg BT 270.40 106.10 Td (fect of these measurement period adjustments for our Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 551.25 106.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (acquisitions as well as our acquisitions completed in the first nine months of 2017 that would have been recorded in previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (reporting periods if the adjustments had been recognized as of the acquisition dateswas immaterial. ) Tj ET Q q 0 0 0 rg BT 451.36 82.10 Td (The balance sheet impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (and income statement ef) Tj ET Q q 0 0 0 rg BT 147.28 70.10 Td (fect of other measurement-period adjustments recorded for acquisitions completed in prior periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (wereimmaterial.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The purchase price allocations for the acquisitions completed during the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.58 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.58 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.01 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 742.10 Td ( are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (as follows \(in thousands\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 719.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 656.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 656.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 656.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 656.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 656.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 656.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 656.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 656.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 656.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 626.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 626.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 626.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 626.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 626.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 626.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 626.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 626.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 626.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 596.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 596.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 596.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 596.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 596.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 596.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 596.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 596.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 596.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 566.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 566.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 566.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 566.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 566.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 566.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 566.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 566.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 566.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 536.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 536.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 536.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 536.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 536.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 536.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 536.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 536.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 536.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 506.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 506.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 506.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 506.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 506.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 506.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 506.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 506.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 506.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 476.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 476.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 476.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 476.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 476.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 476.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 476.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 476.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 476.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 476.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 446.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 446.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 446.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 446.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 446.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 446.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 446.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 446.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 446.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 416.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 416.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 416.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 416.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 416.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 416.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 416.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 416.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 416.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 379.80 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 379.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 379.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 379.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 379.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 379.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 379.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 379.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 379.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 379.80 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 246.5 676.8 m 305.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 676.8 m 369.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 676.8 m 373.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 676.8 m 433.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 676.8 m 437.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 676.8 m 497.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 676.8 m 501.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 676.8 m 561.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 676.8 m 305.5 676.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 656.8 m 305.5 656.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 656.8 m 561.5 656.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 656.8 m 305.5 656.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 656.8 m 369.5 656.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 656.8 m 433.5 656.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 656.8 m 497.5 656.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 379.8 m 305.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 379.8 m 305.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 365.8 m 305.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 363.8 m 305.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 379.8 m 369.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 365.8 m 369.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 363.8 m 369.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 379.8 m 433.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 365.8 m 433.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 363.8 m 433.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 379.8 m 497.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 365.8 m 497.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 363.8 m 497.5 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 379.8 m 561.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 365.8 m 561.5 365.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 363.8 m 561.5 363.8 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 699.37 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.45 700.03 Td (Y) Tj ET Q q 0 0 0 rg BT 260.78 700.03 Td (ear) Tj ET Q q 0 0 0 rg BT 271.37 700.03 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.95 700.03 Td (Y) Tj ET Q q 0 0 0 rg BT 420.28 700.03 Td (ear) Tj ET Q q 0 0 0 rg BT 430.87 700.03 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.25 687.88 Td (December) Tj ET Q q 0 0 0 rg BT 286.82 687.88 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.50 679.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.75 681.03 Td (December) Tj ET Q q 0 0 0 rg BT 437.32 681.03 Td ( 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.35 668.88 Td (All) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.35 660.88 Td (Acquisitions ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 294.58 664.51 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.75 661.03 Td (Rhiag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.45 661.03 Td (PGW) Tj ET Q q 0 0 0 rg BT 408.41 661.03 Td ( ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 410.41 664.66 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.85 668.88 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.85 660.88 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 661.03 Td (T) Tj ET Q q 0 0 0 rg BT 526.85 661.03 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 647.37 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 646.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 646.47 Td (73,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 646.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 646.47 Td (230,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 646.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 646.47 Td (136,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 646.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 646.47 Td (13,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 646.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 646.47 Td (380,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 632.37 Td (Receivable reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 631.47 Td (\(7,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 631.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.80 631.52 Td (\(28,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 631.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 631.52 Td (\(7,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 631.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 631.52 Td (\(794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 631.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 631.52 Td (\(36,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 631.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 617.37 Td (Inventories ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.49 621.90 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 616.47 Td (150,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 616.47 Td (239,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 616.47 Td (169,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 616.47 Td (62,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 616.47 Td (470,91) Tj ET Q q 0 0 0 rg BT 552.65 616.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 602.37 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.30 601.47 Td (\(295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 601.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 601.47 Td (10,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 601.47 Td (42,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 601.47 Td (4,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 601.47 Td (57,81) Tj ET Q q 0 0 0 rg BT 552.65 601.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 587.37 Td (Property) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 86.44 587.37 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.76 587.37 Td ( plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 586.47 Td (41,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 586.47 Td (56,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 586.47 Td (225,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 586.47 Td (17,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 586.47 Td (299,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 572.37 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 571.47 Td (314,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 571.47 Td (585,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 571.47 Td (205,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 571.47 Td (52,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 571.47 Td (842,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 557.37 Td (Other intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 556.47 Td (181,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 556.47 Td (429,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 556.47 Td (37,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 556.47 Td (2,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 556.47 Td (469,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 542.37 Td (Other assets ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 103.10 546.90 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 541.47 Td (3,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 541.47 Td (2,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 541.47 Td (57,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 541.52 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 541.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 541.47 Td (59,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 527.37 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 526.47 Td (\(65,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 526.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 526.52 Td (\(1) Tj ET Q q 0 0 0 rg BT 338.13 526.52 Td (10,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 526.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 526.47 Td (17,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 526.52 Td (\(1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 526.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 526.52 Td (\(94,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 526.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 512.37 Td (Current liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.80 511.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 274.13 511.47 Td (1) Tj ET Q q 0 0 0 rg BT 279.13 511.47 Td (1,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 511.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 511.52 Td (\(239,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 511.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 511.52 Td (\(168,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 511.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 511.52 Td (\(42,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 511.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 511.52 Td (\(450,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 511.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.37 Td (Debt assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 496.47 Td (\(33,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 496.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 496.52 Td (\(550,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 496.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 496.52 Td (\(4,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 496.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 496.52 Td (\(2,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 496.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 496.52 Td (\(557,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 496.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.37 Td (Other noncurrent liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 481.47 Td (\(1,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 481.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.80 481.52 Td (\(23,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 481.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 481.52 Td (\(50,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 481.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 481.52 Td (\(103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 481.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 481.52 Td (\(74,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 481.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 467.37 Td (Contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 466.47 Td (\(6,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 466.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 466.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 466.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 466.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 466.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 452.37 Td (Other purchase price obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 451.47 Td (\(5,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 451.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 451.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 451.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 451.52 Td (\(6,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 451.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 451.52 Td (\(6,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 451.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 437.37 Td (Notes issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 436.47 Td (\(20,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 436.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 436.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 436.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 436.52 Td (\(4,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 436.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 436.52 Td (\(4,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 436.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 422.37 Td (Settlement of pre-existing balances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 421.47 Td (242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 421.52 Td (\(591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 421.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 421.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 421.52 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 421.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 421.52 Td (\(623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 421.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 407.37 Td (Gains on bar) Tj ET Q q 0 0 0 rg BT 102.92 407.37 Td (gain purchases ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 164.56 411.90 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 406.47 Td (\(3,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 406.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 406.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 406.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 406.52 Td (\(8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 406.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 406.52 Td (\(8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 406.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 392.37 Td (Settlement of other purchase price obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 382.42 Td (\(non-interest bearing\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 384.47 Td (3,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 384.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 384.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 384.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 384.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 370.37 Td (Cash used in acquisitions, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 369.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 369.47 Td (513,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 369.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 369.47 Td (601,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 369.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 369.47 Td (661,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 369.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 369.47 Td (86,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 369.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 369.47 Td (1,349,339) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 347.30 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 347.30 Td (Includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.38 347.30 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.77 347.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.21 347.30 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.60 347.30 Td ( of adjustments to reduce property) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 361.50 347.30 Td (, plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.75 347.30 Td ( and equipment and other assets for Rhiag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 335.30 Td (and PGW) Tj ET Q q 0 0 0 rg BT 124.24 335.30 Td (, respectively) Tj ET Q q 0 0 0 rg BT 176.90 335.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 317.30 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 317.30 Td (Includes both continuing and discontinued operations of PGW) Tj ET Q q 0 0 0 rg BT 334.76 317.30 Td (. See Note 3, "Discontinued Operations" for further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 305.30 Td (information on our discontinued operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 287.30 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 287.30 Td (The PGW) Tj ET Q q 0 0 0 rg BT 126.09 287.30 Td ( inventory balance includes the impact of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.47 287.30 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.86 287.30 Td ( step-up adjustment to report the inventory at its fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 275.30 Td (value. ) Tj ET Q q 0 0 0 rg BT 112.47 275.30 Td (The amount for our 2017 acquisitions includes a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.54 275.30 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.94 275.30 Td ( step-up adjustment related to our ) Tj ET Q q 0 0 0 rg BT 486.39 275.30 Td (W) Tj ET Q q 0 0 0 rg BT 495.02 275.30 Td (arn acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 257.30 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 257.30 Td (The balance for PGW) Tj ET Q q 0 0 0 rg BT 173.28 257.30 Td ( includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.61 257.30 Td ($24 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 257.30 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 86.00 245.30 Td (discontinued portion of our PGW) Tj ET Q q 0 0 0 rg BT 219.69 245.30 Td ( operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 227.30 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 227.30 Td (The amount recorded during the year ended December 31, 2017includes a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.27 227.30 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.67 227.30 Td (increase to the gain on bar) Tj ET Q q 0 0 0 rg BT 536.22 227.30 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 215.30 Td (purchase recorded for our ) Tj ET Q q 0 0 0 rg BT 190.95 215.30 Td (Andrew Page acquisition as a result of changes to our estimate of the fair value of the net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 203.30 Td (assets acquired. ) Tj ET Q q 0 0 0 rg BT 151.07 203.30 Td (The remainder of the gain on bar) Tj ET Q q 0 0 0 rg BT 282.50 203.30 Td (gain purchase recorded during theyear ended December 31, 2017is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 191.30 Td (an immaterial amount related to another acquisition in Europe completed in the second quarter of 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 173.30 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 50.00 161.30 Td (assumed royalty rates and customer attrition rates, all of which are Level 3 inputs. ) Tj ET Q q 0 0 0 rg BT 380.27 161.30 Td (The fair value of our property) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 499.39 161.30 Td (, plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.64 161.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.30 Td (equipment is determined using inputs such as market comparables and current replacement or reproduction costs of the asset, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.30 Td (adjusted for physical, functional and economic factors; these adjustments to arrive at fair value use unobservable inputs in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.30 Td (which little or no market data exists, and therefore, these inputs are considered to be Level 3 inputs. See Note 2, "Fair ) Tj ET Q q 0 0 0 rg BT 522.65 125.30 Td (V) Tj ET Q q 0 0 0 rg BT 528.76 125.30 Td (alue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.30 Td (Measurements" for further information regarding the tiers in the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 386.36 113.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 95.30 Td (Other noncurrent liabilities recorded for our acquisitions of Rhiag and PGW) Tj ET Q q 0 0 0 rg BT 390.74 95.30 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 83.30 Td (other post-retirement obligations we assumed with the acquisitions. ) Tj ET Q q 0 0 0 rg BT 321.89 83.30 Td (A) Tj ET Q q 0 0 0 rg BT 328.56 83.30 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 71.30 Td (retirement obligations relates to the glass manufacturing operations business, which was classified as discontinued operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.30 Td (and was recorded within Liabilities of discontinued operations on our consolidated balance sheet as of December 31, 2016; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.30 Td (these amounts were included in the net assets disposed of as part of the sale of the business, which occurred in the first quarter ) 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 (of 2017. Due to the immateriality of our pension plans for our continuing operations, we have not provided the detailed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (disclosures otherwise prescribed by the accounting 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 years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.63 712.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.22 712.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.66 712.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.66 712.10 Td ( were to create ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (economic value for our stockholders by enhancing our position as a leading source for alternative collision and mechanical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (repair products and to expand into other product lines and businesses that may benefit from our operating strengths. Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (2017 acquisitions were completed to enable us to align our distribution model in the Benelux region. Our 2016 acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Rhiag enabled us to expand our market presence in continental Europe. ) Tj ET Q q 0 0 0 rg BT 337.50 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 346.14 664.10 Td (e believe that our Rhiag acquisition will allow for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (syner) Tj ET Q q 0 0 0 rg BT 71.48 652.10 Td (gies within our European operations, most notably in procurement, and these projected syner) Tj ET Q q 0 0 0 rg BT 442.87 652.10 Td (gies contributed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (goodwill recorded on the Rhiag acquisition. Our acquisition of PGW) Tj ET Q q 0 0 0 rg BT 325.32 640.10 Td ( autoglass enabled us to enter into new product lines and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (increase the size of our addressable market. In addition, the acquisition of PGW) Tj ET Q q 0 0 0 rg BT 369.16 628.10 Td ( autoglass created distribution syner) Tj ET Q q 0 0 0 rg BT 512.83 628.10 Td (gies with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (our existing network in North ) Tj ET Q q 0 0 0 rg BT 170.82 616.10 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 (When we identify potential acquisitions, we attempt to tar) Tj ET Q q 0 0 0 rg BT 317.70 598.10 Td (get companies with a leading market presence, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 574.10 Td (of our acquisitions, we have identified cost savings and syner) Tj ET Q q 0 0 0 rg BT 295.32 574.10 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 50.00 562.10 Td (business that provide additional value to the combined entity) Tj ET Q q 0 0 0 rg BT 292.63 562.10 Td (. In many cases, acquiring companies with these characteristics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (will result in purchase prices that include a significant amount of goodwill.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) 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 (2017) 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, 2016) 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, 2016) 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, 2015) 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, 2015) 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 January1, 2014. ) 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 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 567.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 567.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 567.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 567.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 567.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.60 324.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 545.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 545.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 545.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 545.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 545.60 60.00 -25.00 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 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 445.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 445.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 445.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 445.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 445.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 423.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 423.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 423.60 60.00 -15.00 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 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 333.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 333.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 333.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 333.60 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 333.60 60.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 311.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 311.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 311.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 311.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 311.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 311.60 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 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 374.5 582.6 m 434.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 582.6 m 498.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 582.6 m 562.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 568.6 m 434.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 566.6 m 434.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 568.6 m 498.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 566.6 m 498.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 582.6 m 562.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 568.6 m 562.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 566.6 m 562.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 566.6 m 434.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 568.6 m 434.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 566.6 m 498.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 568.6 m 498.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 566.6 m 562.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 568.6 m 562.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 460.6 m 434.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 460.6 m 498.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 460.6 m 562.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 446.6 m 434.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 444.6 m 434.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 446.6 m 498.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 444.6 m 498.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 446.6 m 562.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 444.6 m 562.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 444.6 m 434.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 446.6 m 434.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 444.6 m 498.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 446.6 m 498.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 444.6 m 562.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 446.6 m 562.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.6 m 434.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 348.6 m 498.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 348.6 m 562.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 334.6 m 434.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 332.6 m 434.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 334.6 m 498.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.6 m 498.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 334.6 m 562.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 332.6 m 562.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 332.6 m 434.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 334.6 m 434.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.6 m 498.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 334.6 m 498.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 332.6 m 562.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 334.6 m 562.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 236.60000000000002 m 434.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 236.60000000000002 m 498.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 236.60000000000002 m 562.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 222.60000000000002 m 434.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 220.60000000000002 m 434.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 222.60000000000002 m 498.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 220.60000000000002 m 498.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 222.60000000000002 m 562.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 220.60000000000002 m 562.5 220.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 674.83 Td (Y) Tj ET Q q 0 0 0 rg BT 429.03 674.83 Td (ear) Tj ET Q q 0 0 0 rg BT 439.62 674.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 500.35 674.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 661.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 661.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 661.83 Td (2015) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 647.27 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 647.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 647.27 Td (8,584,031) 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 (7,192,633) 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 420.65 617.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 617.27 Td (213,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 617.27 Td (994,903) 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 420.65 602.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 602.27 Td (102,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 602.27 Td (339,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 588.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 587.27 Td (333,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 587.27 Td (854,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 587.27 Td (615,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.17 Td (Pro forma revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 572.27 Td (10,070,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 572.27 Td (9,754,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 572.27 Td (9,141,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.17 Td (Income from continuing operations, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 550.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 550.27 Td (536,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 550.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 550.27 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 550.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 550.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.17 Td (Income \(loss\) from continuing operations of purchased businesses for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 526.17 Td (period prior to acquisition, and pro forma purchase accounting adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 511.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 510.32 Td (\(84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 510.27 Td (10,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 496.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 496.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 500.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 495.27 Td (7,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 495.27 Td (3,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 481.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 480.27 Td (15,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 480.27 Td (19,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 480.27 Td (15,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.17 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 213.23 470.70 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 465.27 Td (5,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 465.27 Td (1) Tj ET Q q 0 0 0 rg BT 472.15 465.27 Td (1,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 465.27 Td (1,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.17 Td (Pro forma income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 450.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 450.27 Td (558,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 450.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 450.27 Td (494,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 450.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 450.27 Td (453,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.17 Td (Earnings per share from continuing operations, basic - as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 428.27 Td (1.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 428.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 428.27 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.35 414.17 Td (fect of purchased businesses for the period prior to acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 399.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 398.27 Td (\(0.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 398.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 384.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 384.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 388.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 383.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 383.27 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 383.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 369.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 368.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 368.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 368.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.27 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 213.23 357.80 Td (\(3\)) 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 (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 353.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.27 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 307.93 342.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 338.27 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 338.27 Td (1.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 338.27 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 338.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.17 Td (Earnings per share from continuing operations, diluted - as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 316.27 Td (1.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 316.27 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 316.27 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 302.17 Td (fect of purchased businesses for the period prior to acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 287.17 Td (Rhiag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 286.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 286.27 Td (\(0.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 286.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 272.17 Td (PGW) Tj ET Q q 0 0 0 rg BT 93.04 272.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 95.54 276.70 Td (\(1\),\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 271.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 271.27 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 271.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 257.17 Td (Other acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 256.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 256.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 256.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 241.27 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 213.23 245.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 241.27 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 241.27 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 241.27 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 226.27 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 315.15 230.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.73 226.27 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 226.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 226.27 Td (1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 226.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 226.27 Td (1.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 226.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 226.27 Td (1.48) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 204.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 204.10 Td (PGW) Tj ET Q q 0 0 0 rg BT 108.04 204.10 Td ( reflects the results for the continuing aftermarket automotive glass distribution business only) Tj ET Q q 0 0 0 rg BT 480.64 204.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 186.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 186.10 Td (Excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.16 186.10 Td ($18 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.55 186.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.99 186.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.38 186.10 Td ( of corporate costs for 2015 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 434.72 186.10 Td (, that we do not expect to incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 174.10 Td (going forward as a result of the sale of our glass manufacturing business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 156.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 156.10 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 86.00 144.10 Td (completed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 126.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 126.10 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 50.00 108.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 108.10 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 96.10 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 97.57 96.10 Td (The unaudited pro forma supplemental information includes the ef) Tj ET Q q 0 0 0 rg BT 363.42 96.10 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 84.10 Td (the adjustment of inventory acquired to fair value, adjustments to depreciation on acquired property) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 448.76 84.10 Td (, plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.01 84.10 Td ( and equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 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 60.10 Td (adjustments to interest expense, and the related tax ef) Tj ET Q q 0 0 0 rg BT 263.35 60.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 287.05 60.10 Td (The pro forma impact of our acquisitionsalso reflects the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (elimination of acquisition related expenses, net of tax. Refer to Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 413.15 48.10 Td (Acquisition Related Expenses," for ) 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 (further information regarding our acquisition related expenses. ) Tj ET Q q 0 0 0 rg BT 303.07 742.10 Td (These pro forma results are not necessarily indicative of what ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (would have occurred if the acquisitionshad been in ef) Tj ET Q q 0 0 0 rg BT 266.13 730.10 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 50.00 706.10 Td (Note 3. Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 689.10 Td (On March 1, 2017, LKQ completed the sale of the glass manufacturing business of its PGW) Tj ET Q q 0 0 0 rg BT 454.35 689.10 Td ( subsidiary to a subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 677.10 Td (V) Tj ET Q q 0 0 0 rg BT 67.27 677.10 Td (itro S.A.B. de C.V) Tj ET Q q 0 0 0 rg BT 140.15 677.10 Td (. \("V) Tj ET Q q 0 0 0 rg BT 159.18 677.10 Td (itro"\) for a sales price of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.34 677.10 Td ($301 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.73 677.10 Td (, including cash received of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.46 677.10 Td ($316 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.85 677.10 Td (, net of cash disposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 665.10 Td ($15 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.22 665.10 Td (.Related to this transaction, the remaining portion of the Glass operating segment was combined with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (Wholesale - North ) Tj ET Q q 0 0 0 rg BT 125.81 653.10 Td (America operating segment, which is part of our North ) Tj ET Q q 0 0 0 rg BT 347.42 653.10 Td (America reportable segment, in the first quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (2017. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 641.10 Td (Note 14, "Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.30 641.10 Td (" for further information regarding our segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 624.10 Td (Upon execution of the Stock and ) Tj ET Q q 0 0 0 rg BT 219.31 624.10 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 282.07 624.10 Td (Agreement \(the "V) Tj ET Q q 0 0 0 rg BT 357.75 624.10 Td (itro ) Tj ET Q q 0 0 0 rg BT 373.58 624.10 Td (Agreement"\) in December 2016, LKQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (concluded that the glass manufacturing business met the criteria to be classified as held for sale in LKQ) Tj ET Q q 0 0 0 rg BT 467.37 612.10 Td (s consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.66 600.10 Td (As a result, the assets related to the glass manufacturing business were reflected on the Consolidated Balance Sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (at the lower of the net asset carrying value or fair value less cost to sell as ofDecember31, 2016. ) Tj ET Q q 0 0 0 rg BT 441.07 588.10 Td (The fair value of the assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (was determined using the negotiated sale price as an indicator of fair value, which is considered a Level 2 input as it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (observable in a non-active market. See Note 2, "Fair ) Tj ET Q q 0 0 0 rg BT 261.88 564.10 Td (V) Tj ET Q q 0 0 0 rg BT 268.00 564.10 Td (alue Measurements" for further information regarding the tiers in the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (value hierarchy) Tj ET Q q 0 0 0 rg BT 111.26 552.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 535.10 Td (As part of the ) Tj ET Q q 0 0 0 rg BT 143.03 535.10 Td (V) Tj ET Q q 0 0 0 rg BT 149.65 535.10 Td (itro ) Tj ET Q q 0 0 0 rg BT 165.48 535.10 Td (Agreement, the Company and ) Tj ET Q q 0 0 0 rg BT 287.77 535.10 Td (V) Tj ET Q q 0 0 0 rg BT 294.39 535.10 Td (itro entered into a twelve-month ) Tj ET Q q 0 0 0 rg BT 425.56 535.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.31 535.10 Td (ransition Services ) Tj ET Q q 0 0 0 rg BT 504.63 535.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (commencing on the transaction date with two six-month renewal periods, a three-year Purchase and Supply ) Tj ET Q q 0 0 0 rg BT 482.10 523.10 Td (Agreement, and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (Intellectual Property ) Tj ET Q q 0 0 0 rg BT 133.86 511.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 494.10 Td (The following table summarizes the operating results of the Company) Tj ET Q q 0 0 0 rg BT 368.43 494.10 Td (s discontinued operations related to the sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (described above for the years ended December31, 2017and2016, as presented in Net \(loss\) income from discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (operations, net of tax on the Consolidated Statements of Income \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 114.00 423.60 259.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 423.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 423.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.00 393.60 259.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 393.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 393.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 393.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.00 363.60 259.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 363.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 363.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 363.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.00 333.60 259.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 333.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 333.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 333.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.00 303.60 259.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 303.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 303.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.00 273.60 259.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 273.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 273.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 273.60 78.00 -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 373 436.6 m 451 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 436.6 m 455 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 436.6 m 533 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 423.6 m 451 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 423.6 m 533 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 363.6 m 451 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 363.6 m 533 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 333.6 m 451 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 333.6 m 533 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 288.6 m 451 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 288.6 m 533 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 258.6 m 451 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 244.60000000000002 m 451 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 242.60000000000002 m 451 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 258.6 m 533 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 244.60000000000002 m 533 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 242.60000000000002 m 533 242.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.45 448.83 Td (Y) Tj ET Q q 0 0 0 rg BT 437.34 448.83 Td (ear) Tj ET Q q 0 0 0 rg BT 448.30 448.83 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.25 440.83 Td (December) Tj ET Q q 0 0 0 rg BT 463.75 440.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.50 427.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.50 427.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 413.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 413.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 413.27 Td (1) Tj ET Q q 0 0 0 rg BT 419.65 413.27 Td (1) Tj ET Q q 0 0 0 rg BT 424.65 413.27 Td (1,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 413.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 413.27 Td (498,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 398.27 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 398.27 Td (100,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 398.27 Td (424,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 383.27 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 383.27 Td (8,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 383.27 Td (22,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 368.27 Td (Impairment on net assets of discontinued operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 327.29 372.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 368.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 368.27 Td (26,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 353.27 Td ( Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 353.27 Td (2,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 353.27 Td (25,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 338.27 Td (Interest and other income \(expense\), net ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 279.49 342.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 338.27 Td (1,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.30 338.32 Td (\(9,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 338.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 323.27 Td ( Income from discontinued operations before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 323.27 Td (3,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 323.27 Td (15,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 308.27 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 308.27 Td (3,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 308.27 Td (8,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 293.27 Td (Equity in \(loss\) earnings of unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 293.32 Td (\(534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 293.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 293.27 Td (175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 278.27 Td (\(Loss\) income from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 278.32 Td (\(251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 278.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 278.27 Td (7,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 263.27 Td (Loss on sale of discontinued operations, net of tax ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 319.79 267.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 263.32 Td (\(6,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 263.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 263.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 248.27 Td ( Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 248.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 248.32 Td (\(6,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 248.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 248.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 248.27 Td (7,852) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 227.10 Td (\(1\) Upon recognition of the glass manufacturing business net assets as held for sale, an impairment test was performed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 215.10 Td (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 449.53 215.10 Td ($27 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.92 215.10 Td (and a tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 203.10 Td (benefit of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.09 203.10 Td ($7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.49 203.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.30 203.10 Td (The impairment represents a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.93 203.10 Td ($21 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.32 203.10 Td (impairment on long-lived assets, with the remaining) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.89 203.10 Td ($6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 191.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 191.10 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 72.50 174.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.48 174.10 Td (The Company elected to allocate interest expense to discontinued operations based on the expected debt to be repaid. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 162.10 Td (Under this approach, allocated interest from January 1, 2017 through the date of sale was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.05 162.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.44 162.10 Td ( and from ) Tj ET Q q 0 0 0 rg BT 527.27 162.10 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 150.10 Td (21, 2016 to December 31, 2016 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.91 150.10 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.31 150.10 Td (. ) Tj ET Q q 0 0 0 rg BT 279.13 150.10 Td (The other expenses, net were foreign currency gains and losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 133.10 Td (\(3\) In the first quarter of 2017, upon closing of the sale and write-of) Tj ET Q q 0 0 0 rg BT 343.91 133.10 Td (f of the net assets of the glass manufacturing business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 121.10 Td (we recorded a pre-tax loss on sale of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.83 121.10 Td ($9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.22 121.10 Td (, and a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.10 121.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.49 121.10 Td (tax benefit. ) Tj ET Q q 0 0 0 rg BT 396.29 121.10 Td (The incremental loss primarily reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 109.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.94 109.10 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.33 109.10 Td (payable for intercompany sales from the glass manufacturing business to the aftermarket automotive glass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 97.10 Td (distribution business incurred prior to closing which was paid by LKQ during the second quarter of 2017 and capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 85.10 Td (expenditures in 2017 that were not reimbursed by the buyer) Tj ET Q q 0 0 0 rg BT 323.99 85.10 Td (. During the fourth quarter of 2017, we recorded an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 73.10 Td (additional loss on sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.93 73.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.32 73.10 Td ( as a result of post sale net working capital adjustments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td ( ) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) 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 (Certain tax related matters remain open with ) Tj ET Q q 0 0 0 rg BT 266.59 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 273.21 742.10 Td (itro as of December 31, 2017, which when resolved may impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (reported results and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 713.10 Td (The glass manufacturing business had) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.69 713.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.08 713.10 Td (of operating cash outflows,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.94 713.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.33 713.10 Td (of investing cash outflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (mainly consisting of capital expenditures, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 701.10 Td ($15 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.73 701.10 Td (of financing cash inflows made up of parent financing for the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (from January 1, 2017 through March 1, 2017. ) Tj ET Q q 0 0 0 rg BT 235.06 689.10 Td (The glass manufacturing business had) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.75 689.10 Td ($64 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.14 689.10 Td (of operating cash inflows,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 689.10 Td ($29 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 677.10 Td (of investing cash outflows mainly consisting of capital expenditures, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 677.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.89 677.10 Td (of capital lease debt payments for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (the period from ) Tj ET Q q 0 0 0 rg BT 114.15 665.10 Td (April 21, 2016 through December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 292.27 665.10 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 50.00 653.10 Td (activities, capital expenditures and investments in unconsolidated subsidiaries of the Company's discontinued operations related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (to the glass manufacturing business \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 96.00 595.60 235.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 595.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 595.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.00 565.60 235.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 565.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 565.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.00 535.60 235.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 535.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 535.60 90.00 -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 331 595.6 m 421 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 595.6 m 515 595.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.55 617.73 Td (Period fr) Tj ET Q q 0 0 0 rg BT 367.35 617.73 Td (om January 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.90 617.73 Td (Period fr) Tj ET Q q 0 0 0 rg BT 464.70 617.73 Td (om ) Tj ET Q q 0 0 0 rg BT 477.07 617.73 Td (April 21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.65 607.73 Td (to Mar) Tj ET Q q 0 0 0 rg BT 379.34 607.73 Td (ch 1,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.90 607.73 Td (to December) Tj ET Q q 0 0 0 rg BT 485.14 607.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.50 597.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 597.73 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 585.27 Td (Non-cash operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 570.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.50 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 570.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 570.27 Td (7,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 555.27 Td (Impairment of net assets of discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 555.27 Td (26,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 540.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 540.32 Td (\(4,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 540.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 525.27 Td (Capital Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 525.32 Td (\(3,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 525.32 Td (\(24,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 510.27 Td (Investments in unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 510.32 Td (\(4,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 489.10 Td (The major classes of assets and liabilities related to the glass manufacturing business as of December 31, 2016 were as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 446.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 446.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 416.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 416.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 386.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 386.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 356.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 356.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 326.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 326.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 296.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 296.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 266.60 238.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 266.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 266.60 74.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 226.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 226.60 74.00 -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 389.5 446.6 m 463.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 341.6 m 463.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 327.6 m 463.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 325.6 m 463.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 241.60000000000002 m 463.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 226.60000000000002 m 463.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 212.60000000000002 m 463.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 210.60000000000002 m 463.5 210.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.75 450.83 Td (December) Tj ET Q q 0 0 0 rg BT 428.25 450.83 Td ( 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 436.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 436.27 Td (7,1) Tj ET Q q 0 0 0 rg BT 449.65 436.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 421.27 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 421.27 Td (77,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 406.27 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 406.27 Td (71,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 391.27 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 391.27 Td (42,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 376.27 Td (Property) Tj ET Q q 0 0 0 rg BT 184.11 376.27 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 376.27 Td (199,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 361.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 361.27 Td (64,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 346.27 Td (V) Tj ET Q q 0 0 0 rg BT 156.67 346.27 Td (aluation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 346.32 Td (\(5,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 346.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 331.27 Td (T) Tj ET Q q 0 0 0 rg BT 167.76 331.27 Td (otal assets from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 331.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 331.27 Td (456,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 301.27 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 301.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 301.27 Td (72,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 286.27 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 286.27 Td (37,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 271.27 Td (Long-term obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 271.27 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 256.27 Td (Other noncurrent liabilities \(includes pension and post-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 246.27 Td (retirement obligations\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 246.27 Td (33,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 231.27 Td (T) Tj ET Q q 0 0 0 rg BT 167.76 231.27 Td (otal liabilities from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 231.27 Td (145,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 216.27 Td (Net assets from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 216.27 Td (31) Tj ET Q q 0 0 0 rg BT 437.15 216.27 Td (1,536) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 195.10 Td (Pursuant to the Purchase and Supply ) Tj ET Q q 0 0 0 rg BT 234.32 195.10 Td (Agreement, our aftermarket automotive glass distribution business will source ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (various products from ) Tj ET Q q 0 0 0 rg BT 140.63 183.10 Td (V) Tj ET Q q 0 0 0 rg BT 147.26 183.10 Td (itro's glass manufacturing business annually for a three year period beginning on March 1, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (Between January 1, 2017 and the sale date of March 1, 2017, intercompany sales between the glass manufacturing business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (the continuing aftermarket automotive glass distribution business of PGW) Tj ET Q q 0 0 0 rg BT 345.70 159.10 Td (, which were eliminated in consolidation, were) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.36 159.10 Td ($8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 147.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.34 147.10 Td (All purchases from ) Tj ET Q q 0 0 0 rg BT 162.30 147.10 Td (V) Tj ET Q q 0 0 0 rg BT 168.93 147.10 Td (itro, including those outside of the Purchase and Supply ) Tj ET Q q 0 0 0 rg BT 394.45 147.10 Td (Agreement, for the year ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (31, 2017, were) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.93 135.10 Td ($42 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.32 135.10 Td (. For the period from ) Tj ET Q q 0 0 0 rg BT 243.86 135.10 Td (April 21, 2016 through December 31, 2016, intercompany sales between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (glass manufacturing business and PGW) Tj ET Q q 0 0 0 rg BT 208.68 123.10 Td ( autoglass, which were eliminated in consolidation, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.06 123.10 Td ($29 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.45 123.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (Note 4. Summary of Significant ) Tj ET Q q 0 0 0 rg BT 191.11 99.10 Td (Accounting Policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 63.10 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 51.10 Td (All intercompany transactions and accounts have been eliminated.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 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 50.00 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 712.10 Td (America, we are required to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 332.50 712.10 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 50.00 700.10 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 50.00 688.10 Td (expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 201.07 688.10 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 294.48 688.10 Td (fer from those estimates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 644.10 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 50.00 632.10 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 50.00 620.10 Td (discounts and allowances that we estimate based upon historical information. ) Tj ET Q q 0 0 0 rg BT 361.13 620.10 Td (W) Tj ET Q q 0 0 0 rg BT 369.77 620.10 Td (e recorded a reserve for estimated returns, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (discounts and allowances of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.23 608.10 Td ($42 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.62 608.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.06 608.10 Td ($38 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.45 608.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.67 608.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.69 608.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 520.35 608.10 Td (. ) Tj ET Q q 0 0 0 rg BT 525.17 608.10 Td (W) Tj ET Q q 0 0 0 rg BT 533.81 608.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (present taxes assessed by governmental authorities collected from customers on a net basis. ) Tj ET Q q 0 0 0 rg BT 418.05 596.10 Td (Therefore, the taxes are excluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.10 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 50.00 572.10 Td (Sheets until remitted. ) Tj ET Q q 0 0 0 rg BT 137.58 572.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.22 572.10 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 50.00 560.10 Td (which typically occurs upon delivery to the customer) Tj ET Q q 0 0 0 rg BT 261.89 560.10 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 50.00 548.10 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 50.00 536.10 Td (deliver products to customers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (Receivables and ) Tj ET Q q 0 0 0 rg BT 117.57 510.10 Td (Allowance for Doubtful ) Tj ET Q q 0 0 0 rg BT 214.33 510.10 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 492.10 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 528.94 492.10 Td (. ) Tj ET Q q 0 0 0 rg BT 533.76 492.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.40 492.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (recorded a reserve for uncollectible accounts of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.66 480.10 Td ($58 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.05 480.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.49 480.10 Td ($46 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.88 480.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.10 480.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.12 480.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 468.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 468.10 Td (The reserve is based upon the aging of the accounts receivable, our assessment of the collectability of specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (customer accounts and historical experience. Receivables are written of) Tj ET Q q 0 0 0 rg BT 336.08 456.10 Td (f once collection ef) Tj ET Q q 0 0 0 rg BT 412.81 456.10 Td (forts have been exhausted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (Recoveries of receivables previously written of) Tj ET Q q 0 0 0 rg BT 238.92 444.10 Td (f are recorded when received. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Concentrations of Cr) Tj ET Q q 0 0 0 rg BT 134.63 418.10 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 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 50.00 388.10 Td (cash equivalents and accounts receivable. ) Tj ET Q q 0 0 0 rg BT 218.63 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 227.27 388.10 Td (e control our exposure to credit risk associated with these instruments by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (\(i\)placing our cash and cash equivalents with several major financial institutions; \(ii\)holding high-quality financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (instruments; and \(iii\)maintaining strict policies over credit extension that include credit evaluations, credit limits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (monitoring procedures. In addition, our overall credit risk with respect to accounts receivable is limited to some extent because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (our customer base is composed of a lar) Tj ET Q q 0 0 0 rg BT 205.61 340.10 Td (ge number of geographically diverse customers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 296.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 296.10 Td (e classify our inventory into the following categories: \(i\) aftermarket and refurbished products, \(ii\) salvage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (remanufactured products, and \(iii\) manufactured products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 266.10 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 50.00 254.10 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 102.75 254.10 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 50.00 242.10 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 451.70 242.10 Td (, cost is established using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 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 50.00 218.10 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 50.00 206.10 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 50.00 194.10 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 50.00 182.10 Td (based upon the average price we pay for cores. ) Tj ET Q q 0 0 0 rg BT 239.73 182.10 Td (The cost of our refurbished inventory also includes expenses incurred for freight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (in, labor and other overhead costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 152.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 152.10 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 50.00 140.10 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 50.00 128.10 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 50.00 116.10 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 50.00 104.10 Td (based on a part's number of days in stock and historical demand. ) Tj ET Q q 0 0 0 rg BT 310.17 104.10 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 92.10 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 80.10 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 68.10 Td (inventory cost is based upon the price paid for cores, which are recycled automotive parts that are not suitable for sale as a ) 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 50.00 742.10 Td (replacement part without further processing, and also includes expenses incurred for freight in, direct manufacturing costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (other overhead costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 712.10 Td ( manufactured product is a new vehicle product. Manufactured product inventory can be a raw material, work-in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (process or finished good. Cost is established using the first-in first-out method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (For all inventory) Tj ET Q q 0 0 0 rg BT 152.56 682.10 Td (, carrying value is recorded at the lower of cost or net realizable value and is reduced to reflect current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (anticipated demand. If actual demand is lower than our estimates, additional reductions to inventory carrying value would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (necessary in the period such determination is made. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.10 Td (Inventories consist of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 588.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 588.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 588.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.50 558.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 558.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 558.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 558.60 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 403.5 616.6 m 468.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 616.6 m 472.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 616.6 m 537.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 603.6 m 468.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 603.6 m 537.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 603.6 m 468.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 603.6 m 537.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 558.6 m 468.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 558.6 m 537.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 544.6 m 468.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 542.6 m 468.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 558.6 m 537.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 544.6 m 537.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 542.6 m 537.5 542.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 620.83 Td (December) Tj ET Q q 0 0 0 rg BT 481.32 620.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.50 607.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.50 607.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 594.17 Td (Aftermarket and refurbished products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 593.27 Td (1,877,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 593.27 Td (1,540,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 579.17 Td (Salvage and remanufactured products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 578.27 Td (487,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 578.27 Td (394,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 564.17 Td (Manufactured products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 563.27 Td (16,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 549.17 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 549.17 Td (otal inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 548.27 Td (2,380,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 548.27 Td (1,935,237) 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 50.00 536.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 524.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.63 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 520.10 Td (Our acquisitions completed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.08 520.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.08 520.10 Td ( contributed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.63 520.10 Td ($95 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.02 520.10 Td ( of the increase in our aftermarket and refurbished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (products inventory) Tj ET Q q 0 0 0 rg BT 124.61 508.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.61 508.10 Td ($35 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.01 508.10 Td ( of the increase in our salvage and remanufactured products inventory and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.78 508.10 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.17 508.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (increase in our manufactured inventory) Tj ET Q q 0 0 0 rg BT 206.51 496.10 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.45 496.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.64 496.10 Td (" for further information on our acquisitions. ) Tj ET Q q 0 0 0 rg BT 539.36 496.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (December 31, 2017, manufactured products inventory is composed of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.87 484.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.26 484.10 Td ( of raw materials, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.73 484.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.12 484.10 Td ( of work in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (process, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.93 472.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.32 472.10 Td ( of finished goods.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 448.10 Td (operty) Tj ET Q q 0 0 0 rg BT 84.62 448.10 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (Property) Tj ET Q q 0 0 0 rg BT 119.79 430.10 Td (, plant and equipment are recorded at cost less accumulated depreciation. Expenditures for major additions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and improvements that extend the useful life of the related asset are capitalized. ) Tj ET Q q 0 0 0 rg BT 370.43 418.10 Td (As property) Tj ET Q q 0 0 0 rg BT 417.27 418.10 Td (, plant and equipment are sold or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (retired, the applicable cost and accumulated depreciation are removed from the accounts and any resulting gain or loss thereon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (is 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 50.00 382.10 Td (Depreciation is calculated using the straight-line method over the estimated useful lives or) Tj ET Q q 0 0 0 rg BT 410.60 382.10 Td (, in the case of leasehold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (improvements, the term of the related lease and reasonably assured renewal periods, if shorter) Tj ET Q q 0 0 0 rg BT 425.14 370.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 352.10 Td (Our estimated useful lives are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.60 459.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 341.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 311.60 459.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 311.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 281.60 459.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 281.60 53.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.27 Td (Land improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 331.27 Td (10-20years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 316.27 Td (Buildings and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 316.27 Td (20-40years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 301.27 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.05 301.27 Td (3-20 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 286.27 Td (Computer equipment and software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.05 286.27 Td (3-10years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 271.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.67 271.27 Td (ehicles and trailers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.05 271.27 Td (3-10years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 256.27 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.05 256.27 Td (5-7years) Tj ET Q BT /F1 10.00 Tf ET 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 (Property) Tj ET Q q 0 0 0 rg BT 119.79 742.10 Td (, plant and equipment consists of the following \(in thousands\):) 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 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 427.5 705.6 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 427.5 600.6 m 492.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 585.6 m 492.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 600.6 m 561.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 585.6 m 561.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 555.6 m 492.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 555.6 m 561.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 555.6 m 492.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 541.6 m 492.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 539.6 m 492.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 555.6 m 561.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 541.6 m 561.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 539.6 m 561.5 539.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 722.83 Td (December) Tj ET Q q 0 0 0 rg BT 505.32 722.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 709.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 709.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 695.27 Td (Land and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 695.27 Td (137,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 695.27 Td (127,21) Tj ET Q q 0 0 0 rg BT 552.65 695.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 680.27 Td (Buildings and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 680.27 Td (233,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 680.27 Td (209,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 665.27 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 665.27 Td (521,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 665.27 Td (429,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.27 Td (Computer equipment and software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 650.27 Td (133,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 650.27 Td (120,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 635.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.67 635.27 Td (ehicles and trailers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 635.27 Td (161,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 635.27 Td (138,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 620.27 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 620.27 Td (31,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 620.27 Td (28,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 605.27 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 605.27 Td (257,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 605.27 Td (152,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 590.27 Td (1,476,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 590.27 Td (1,205,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 575.27 Td (LessAccumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 575.32 Td (\(606,1) Tj ET Q q 0 0 0 rg BT 478.63 575.32 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 575.32 Td (\(495,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 560.27 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 560.27 Td (42,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 560.27 Td (101,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 545.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 545.27 Td (otal property) Tj ET Q q 0 0 0 rg BT 108.13 545.27 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 545.27 Td (913,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 545.27 Td (81) Tj ET Q q 0 0 0 rg BT 535.15 545.27 Td (1,576) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 517.10 Td (e record depreciation expense within Depreciation and amortization on our Consolidated Statements of Income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 505.10 Td (, depreciation expense associated with our refurbishing, remanufacturing, manufacturing and furnace operations as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (well as our distribution centers is included in Cost of goods sold on the Consolidated Statements of Income. ) Tj ET Q q 0 0 0 rg BT 483.93 493.10 Td (T) Tj ET Q q 0 0 0 rg BT 489.34 493.10 Td (otal depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (expense for the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.14 481.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.14 481.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.14 481.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.14 481.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.58 481.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.58 481.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.13 481.10 Td ($129 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.53 481.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.53 481.10 Td ($1) Tj ET Q q 0 0 0 rg BT 393.15 481.10 Td (15 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.55 481.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.48 481.10 Td ($94 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.88 481.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 555.54 481.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 93.42 455.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 437.10 Td (Intangible assets consist primarily of goodwill \(the cost of purchased businesses in excess of the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (identifiable net assets acquired\) 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 50.00 413.10 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 86.00 395.10 Td (Goodwill is tested for impairment at least annually) Tj ET Q q 0 0 0 rg BT 288.36 395.10 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 50.00 383.10 Td (quarters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.54 383.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.54 383.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.54 383.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.54 383.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.98 383.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 184.79 383.10 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 50.00 371.10 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 50.00 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 359.10 Td (e noted that the fair value estimate for the ) Tj ET Q q 0 0 0 rg BT 227.18 359.10 Td (A) Tj ET Q q 0 0 0 rg BT 233.66 359.10 Td (viation reporting unit exceeded the carrying value by less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.24 359.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.57 359.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.39 359.10 Td (This result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (aligns with our expectations as there has not been a significant change in the value of the business, which was acquired in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (March 2017, since the acquisition date while we continue to execute our business plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 317.10 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 49.50 288.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 288.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 288.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 288.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 288.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 249.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 249.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 249.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 249.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 249.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 249.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 249.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 249.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 219.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 219.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 219.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 219.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 219.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 219.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 219.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 219.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 180.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 180.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 180.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 180.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 180.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 141.60 291.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 141.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 141.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 141.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 141.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 141.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 141.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 141.60 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 340.5 288.6 m 392.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 288.6 m 448.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 288.6 m 504.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 288.6 m 561.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 288.6 m 392.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 288.6 m 448.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 288.6 m 504.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 234.60000000000002 m 392.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 234.60000000000002 m 504.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 234.60000000000002 m 561.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 234.60000000000002 m 448.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 234.60000000000002 m 504.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 180.60000000000002 m 392.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 180.60000000000002 m 448.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 180.60000000000002 m 504.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 180.60000000000002 m 561.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 180.60000000000002 m 504.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 126.60000000000002 m 392.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 126.60000000000002 m 448.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 126.60000000000002 m 504.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 126.60000000000002 m 561.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 126.60000000000002 m 392.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 112.60000000000002 m 392.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 110.60000000000002 m 392.5 110.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 126.60000000000002 m 448.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 112.60000000000002 m 448.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 110.60000000000002 m 448.5 110.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 126.60000000000002 m 504.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 112.60000000000002 m 504.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 110.60000000000002 m 504.5 110.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 126.60000000000002 m 561.5 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 112.60000000000002 m 561.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 110.60000000000002 m 561.5 110.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.75 298.68 Td (North ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.30 290.73 Td (America ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 378.62 294.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.40 292.83 Td (Eur) Tj ET Q q 0 0 0 rg BT 422.66 292.83 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.40 292.83 Td (Specialty ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 491.51 296.46 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.75 292.83 Td (T) Tj ET Q q 0 0 0 rg BT 530.35 292.83 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 279.17 Td (Balance as of January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 278.27 Td (1,379,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 278.27 Td (616,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 278.27 Td (292,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 278.27 Td (2,288,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 264.17 Td (Business acquisitions and adjustments to previously recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 254.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 254.27 Td (72,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 254.27 Td (21,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 254.32 Td (\(1,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 254.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 254.27 Td (92,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 240.17 Td (Exchange rate ef) Tj ET Q q 0 0 0 rg BT 137.09 240.17 Td (fects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.80 239.32 Td (\(18,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 239.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 239.32 Td (\(43,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 239.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 239.27 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 239.32 Td (\(61,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 239.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 225.17 Td (Balance as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 224.27 Td (1,433,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 224.27 Td (594,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 224.27 Td (291,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 224.27 Td (2,319,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 210.17 Td (Business acquisitions and adjustments to previously recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 200.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.10 200.27 Td (226,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 200.27 Td (614,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 200.27 Td (1,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 200.27 Td (842,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 186.17 Td (Exchange rate ef) Tj ET Q q 0 0 0 rg BT 137.09 186.17 Td (fects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 185.27 Td (1,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 185.32 Td (\(108,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 185.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 185.32 Td (\(161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 185.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 185.32 Td (\(107,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 185.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 171.17 Td (Balance as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 170.27 Td (1,661,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.60 170.27 Td (1,099,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 170.27 Td (292,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 170.27 Td (3,054,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 156.17 Td (Business acquisitions and adjustments to previously recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 146.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 146.27 Td (39,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 146.27 Td (155,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 146.27 Td (1) Tj ET Q q 0 0 0 rg BT 473.10 146.27 Td (19,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 146.27 Td (314,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 132.17 Td (Exchange rate ef) Tj ET Q q 0 0 0 rg BT 137.00 132.17 Td (fects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 131.27 Td (7,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 131.27 Td (159,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 131.32 Td (\(349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 131.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 131.27 Td (166,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 117.17 Td (Balance as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 116.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 116.27 Td (1,709,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 116.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.60 116.27 Td (1,414,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 116.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.10 116.27 Td (412,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 116.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 116.27 Td (3,536,51) Tj ET Q q 0 0 0 rg BT 552.60 116.27 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 94.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (In the first quarter of 2017, we realigned a portion of our North ) Tj ET Q q 0 0 0 rg BT 340.93 94.10 Td (America operations under our Specialty segment. Prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (year amounts have been recast to reflect the shift in reporting structure.) 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 components of other intangibles, net are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 695.60 179.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 695.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 695.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 695.60 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 333 710.6 m 393 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 710.6 m 397 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 710.6 m 457 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 710.6 m 393 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 710.6 m 457 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 680.6 m 393 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 680.6 m 457 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 680.6 m 393 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 666.6 m 393 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 664.6 m 393 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 666.6 m 457 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 664.6 m 457 664.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.50 714.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.25 722.83 Td (December) Tj ET Q q 0 0 0 rg BT 375.82 722.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.50 714.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.25 722.83 Td (December) Tj ET Q q 0 0 0 rg BT 437.75 722.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.50 714.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.50 701.17 Td (Intangible assets subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 700.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 700.27 Td (664,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 700.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 700.27 Td (584,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.50 686.17 Td (Indefinite-lived intangible assets ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 289.52 690.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 685.27 Td (78,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 685.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.50 671.17 Td (T) Tj ET Q q 0 0 0 rg BT 173.91 671.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 670.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 670.27 Td (743,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 670.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 670.27 Td (584,231) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 648.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 648.10 Td (Indefinite-lived intangible assets are composed of trademarks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 624.10 Td (The components of intangible assets subject to amortization are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.60 132.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 531.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 531.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 531.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 531.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 531.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 531.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 531.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 531.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 531.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 531.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 531.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 491.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 491.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 491.60 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 182.5 600.6 m 242.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 600.6 m 246.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 600.6 m 306.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 600.6 m 310.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 600.6 m 370.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 600.6 m 434.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 600.6 m 438.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 600.6 m 498.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 600.6 m 502.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 600.6 m 562.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 571.6 m 242.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 571.6 m 306.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 571.6 m 370.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 571.6 m 434.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 571.6 m 498.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 571.6 m 562.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 571.6 m 242.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 491.6 m 242.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 491.6 m 306.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 491.6 m 370.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 491.6 m 434.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 491.6 m 498.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 491.6 m 562.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 491.6 m 242.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 477.6 m 242.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 475.6 m 242.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 491.6 m 306.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 477.6 m 306.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 475.6 m 306.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 477.6 m 370.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 475.6 m 370.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 477.6 m 434.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 475.6 m 434.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 477.6 m 498.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 475.6 m 498.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 477.6 m 562.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 475.6 m 562.5 475.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 604.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.75 604.83 Td (December) Tj ET Q q 0 0 0 rg BT 278.32 604.83 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.75 604.83 Td (December) Tj ET Q q 0 0 0 rg BT 470.32 604.83 Td ( 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 575.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.05 591.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 211.68 591.83 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.20 583.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.95 575.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.30 583.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.10 575.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.00 575.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.05 591.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 403.68 591.83 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.20 583.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.95 575.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.30 583.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.10 575.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 575.83 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 562.17 Td (rade names and trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 561.27 Td (327,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 561.27 Td (\(75,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 561.27 Td (252,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 561.27 Td (286,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 561.32 Td (\(51,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 561.27 Td (234,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 547.17 Td (Customer and supplier) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 537.17 Td (relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 536.27 Td (510,1) Tj ET Q q 0 0 0 rg BT 228.65 536.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.80 536.27 Td (\(167,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 536.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 536.27 Td (342,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 536.27 Td (395,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 536.32 Td (\(92,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 536.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 536.27 Td (303,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.17 Td (Software and other technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 512.17 Td (related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 511.27 Td (124,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 511.27 Td (\(59,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 511.27 Td (64,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 511.27 Td (77,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 511.32 Td (\(35,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 511.27 Td (41,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.17 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.15 496.27 Td (14,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 496.27 Td (\(9,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 496.27 Td (5,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 496.27 Td (1) Tj ET Q q 0 0 0 rg BT 408.15 496.27 Td (1,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 496.32 Td (\(7,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 496.27 Td (4,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 482.17 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 482.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 481.27 Td (976,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.80 481.27 Td (\(31) Tj ET Q q 0 0 0 rg BT 280.13 481.27 Td (1,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 481.27 Td (664,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 481.27 Td (770,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 481.32 Td (\(186,1) Tj ET Q q 0 0 0 rg BT 484.63 481.32 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 481.27 Td (584,231) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 453.10 Td (The components of other intangibles acquired during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.36 453.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.94 453.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.38 453.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.38 453.10 Td ( include the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 352.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 352.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 352.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 352.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 352.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 352.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 322.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 322.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 322.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 322.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 322.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 322.60 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 241.5 388.6 m 301.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 388.6 m 365.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 388.6 m 369.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 388.6 m 429.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 388.6 m 433.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 388.6 m 493.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 388.6 m 497.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 388.6 m 557.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 367.6 m 301.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 367.6 m 365.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 367.6 m 429.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 367.6 m 493.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 367.6 m 557.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 367.6 m 301.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 367.6 m 365.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 367.6 m 429.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 367.6 m 493.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 367.6 m 557.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 307.6 m 301.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 307.6 m 365.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 307.6 m 429.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 307.6 m 493.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 307.6 m 557.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 307.6 m 301.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 293.6 m 301.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 291.6 m 301.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 307.6 m 365.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 293.6 m 365.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 291.6 m 365.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 307.6 m 429.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 293.6 m 429.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 291.6 m 429.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 307.6 m 493.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 293.6 m 493.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 291.6 m 493.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 307.6 m 557.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 293.6 m 557.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 291.6 m 557.5 291.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.95 413.83 Td (Y) Tj ET Q q 0 0 0 rg BT 256.28 413.83 Td (ear) Tj ET Q q 0 0 0 rg BT 266.87 413.83 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.95 413.83 Td (Y) Tj ET Q q 0 0 0 rg BT 416.28 413.83 Td (ear) Tj ET Q q 0 0 0 rg BT 426.87 413.83 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.75 400.83 Td (December) Tj ET Q q 0 0 0 rg BT 282.32 400.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 392.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 392.83 Td (December) Tj ET Q q 0 0 0 rg BT 433.32 392.83 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.85 379.83 Td (All) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.85 371.83 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.75 371.83 Td (Rhiag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.50 371.83 Td (PGW) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.85 379.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.85 371.83 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.25 371.83 Td (T) Tj ET Q q 0 0 0 rg BT 522.85 371.83 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 357.27 Td (T) Tj ET Q q 0 0 0 rg BT 61.76 357.27 Td (rade names and trademarks ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 173.37 361.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 357.27 Td (87,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 357.27 Td (127,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 357.27 Td (5,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 357.27 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 357.27 Td (133,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 342.27 Td (Customer and supplier relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 342.27 Td (75,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 342.27 Td (291,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 342.27 Td (29,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 342.27 Td (321,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 327.27 Td (Software and other technology related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 327.27 Td (15,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 327.27 Td (10,1) Tj ET Q q 0 0 0 rg BT 351.65 327.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 327.27 Td (1,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 327.27 Td (1,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 327.27 Td (12,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 312.27 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 312.27 Td (2,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 312.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 312.27 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 312.27 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 312.27 Td (1,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 297.27 Td (T) Tj ET Q q 0 0 0 rg BT 73.41 297.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 297.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 297.27 Td (181,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 297.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 297.27 Td (429,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 297.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 297.27 Td (37,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 297.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 297.27 Td (2,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 297.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 297.27 Td (469,851) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 275.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 275.10 Td (Includes a trademark intangible asset of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.61 275.10 Td ($79 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 275.10 Td ( recorded as part of our acquisition of ) Tj ET Q q 0 0 0 rg BT 446.54 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 455.18 275.10 Td (arn in 2017. ) Tj ET Q q 0 0 0 rg BT 505.55 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 514.18 275.10 Td (e assigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 263.10 Td (this trademark an indefinite life.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 245.10 Td (The weighted-average amortization periods for our intangible assets acquired during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.13 245.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 233.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 233.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 233.10 Td ( are as follows \(in years\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 144.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 144.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 144.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 144.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 144.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 144.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 114.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 114.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 114.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 114.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 114.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 114.60 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 241.5 180.60000000000002 m 301.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 180.60000000000002 m 365.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 180.60000000000002 m 369.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 180.60000000000002 m 429.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 180.60000000000002 m 433.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 180.60000000000002 m 493.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 180.60000000000002 m 497.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 180.60000000000002 m 557.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 159.60000000000002 m 301.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 159.60000000000002 m 365.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 159.60000000000002 m 429.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 159.60000000000002 m 493.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 159.60000000000002 m 557.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 159.60000000000002 m 301.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 159.60000000000002 m 365.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 159.60000000000002 m 429.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 159.60000000000002 m 493.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 159.60000000000002 m 557.5 159.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.95 205.83 Td (Y) Tj ET Q q 0 0 0 rg BT 256.28 205.83 Td (ear) Tj ET Q q 0 0 0 rg BT 266.87 205.83 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.95 205.83 Td (Y) Tj ET Q q 0 0 0 rg BT 416.28 205.83 Td (ear) Tj ET Q q 0 0 0 rg BT 426.87 205.83 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.75 192.83 Td (December) Tj ET Q q 0 0 0 rg BT 282.32 192.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 184.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 184.83 Td (December) Tj ET Q q 0 0 0 rg BT 433.32 184.83 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.85 171.83 Td (All) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.85 163.83 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.75 163.83 Td (Rhiag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.50 163.83 Td (PGW) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.85 171.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.85 163.83 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.25 163.83 Td (T) Tj ET Q q 0 0 0 rg BT 522.85 163.83 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 149.27 Td (T) Tj ET Q q 0 0 0 rg BT 61.93 149.27 Td (rade names and trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.85 149.27 Td (1) Tj ET Q q 0 0 0 rg BT 285.66 149.27 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 149.27 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 149.27 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 149.27 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 149.27 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 134.27 Td (Customer and supplier relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 134.27 Td (18.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 134.27 Td (15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 134.27 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 134.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 134.27 Td (14.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 119.27 Td (Software and other technology related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.85 119.27 Td (1) Tj ET Q q 0 0 0 rg BT 285.66 119.27 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 119.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 119.27 Td (14.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 119.27 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 119.27 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 104.27 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 104.27 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 104.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 104.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 104.27 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 104.27 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 89.27 Td (T) Tj ET Q q 0 0 0 rg BT 61.41 89.27 Td (otal intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 89.27 Td (16.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 89.27 Td (16.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.85 89.27 Td (1) Tj ET Q q 0 0 0 rg BT 413.66 89.27 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.85 89.27 Td (1) Tj ET Q q 0 0 0 rg BT 477.66 89.27 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 89.27 Td (15.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 73.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td ( ) 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 ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 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 143.50 689.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 689.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 689.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 689.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.50 659.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 659.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 659.60 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 343.5 704.6 m 403.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 704.6 m 467.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 704.6 m 403.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 704.6 m 467.5 704.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 716.83 Td (Method of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.10 708.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.20 708.83 Td (Useful Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 694.27 Td (T) Tj ET Q q 0 0 0 rg BT 151.93 694.27 Td (rade names and trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 694.27 Td (Straight-line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.05 694.27 Td (4-30 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 679.27 Td (Customer and supplier relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 679.27 Td (Accelerated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.05 679.27 Td (6-20 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 664.27 Td (Software and other technology related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 664.27 Td (Straight-line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.05 664.27 Td (3-15 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 649.27 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 649.27 Td (Straight-line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.05 649.27 Td (2-5 years) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 627.10 Td (Amortization expense for intangibles was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.12 627.10 Td ($102 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.51 627.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.51 627.10 Td ($83 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.90 627.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.34 627.10 Td ($34 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.73 627.10 Td ( during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.58 615.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 615.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 615.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 615.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 615.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 615.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.68 615.10 Td (. Estimated amortization expense for each of the five years in the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.10 Td (ending December31, 2022 is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.97 603.10 Td ($97 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.36 603.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.36 603.10 Td ($81 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.75 603.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.75 603.10 Td ($65 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 603.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 603.10 Td ($55 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.54 603.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.98 603.10 Td ($48 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.37 603.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 489.03 603.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (Impairment of Long-Lived ) Tj ET Q q 0 0 0 rg BT 157.87 577.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 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 50.00 547.10 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 50.00 535.10 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 50.00 523.10 Td (of the PGW) Tj ET Q q 0 0 0 rg BT 97.59 523.10 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 385.03 523.10 Td (Note 3, "Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 523.10 Td (," there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 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 428.49 511.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.08 511.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.08 511.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.08 511.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 499.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (Investments in Unconsolidated Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 455.10 Td (Our investment in unconsolidated subsidiaries was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.52 455.10 Td ($208 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.91 455.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.35 455.10 Td ($183 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.74 455.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.90 455.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.49 455.10 Td ( and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 443.10 Td (. On December 1, 2016, we acquired a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.99 443.10 Td (26.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.82 443.10 Td ( equity interest in Mekonomen ) Tj ET Q q 0 0 0 rg BT 404.52 443.10 Td (AB \("Mekonomen"\) from ) Tj ET Q q 0 0 0 rg BT 510.17 443.10 Td (AxMeko ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (AB, an af) Tj ET Q q 0 0 0 rg BT 88.42 431.10 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 124.52 431.10 Td (Axel Johnson ) Tj ET Q q 0 0 0 rg BT 181.19 431.10 Td (AB, for an aggregate purchase price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.89 431.10 Td ($181 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.28 431.10 Td (. Headquartered in Stockholm, Sweden, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (Mekonomen is the leading independent car parts and service chain in the Nordic region of Europe, of) Tj ET Q q 0 0 0 rg BT 454.96 419.10 Td (fering a range of products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (including spare parts and accessories for cars, and workshop services for consumers and businesses. ) Tj ET Q q 0 0 0 rg BT 452.48 407.10 Td (W) Tj ET Q q 0 0 0 rg BT 461.12 407.10 Td (e are accounting for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (interest in Mekonomen using the equity method of accounting, as our investment gives us the ability to exercise significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (influence, but not control, over the investee. ) Tj ET Q q 0 0 0 rg BT 228.28 383.10 Td (As of December 31, 2017,thebook valueof our investment inMekonomen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (exceeded our share of the book value of Mekonomen's net assets by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.94 371.10 Td ($127 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.33 371.10 Td (; this dif) Tj ET Q q 0 0 0 rg BT 408.49 371.10 Td (ference is primarily related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (goodwill and the fair value of other intangible assets. ) Tj ET Q q 0 0 0 rg BT 264.76 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.40 359.10 Td (e are reporting our equity in the net earnings of Mekonomen on a one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (quarter lag, and therefore we recorded no equity in earnings for this investment in2016.For the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (2017, we recorded equity in earnings totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.84 335.10 Td ($7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.23 335.10 Td ( related to our investment in Mekonomen, which represents our share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (of the results from the investment date through September 30, 2017, including adjustments to convert the results to GAAP) Tj ET Q q 0 0 0 rg BT 538.99 323.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (to recognize the impact of our purchase accounting adjustments. In May 2017, we received a cash dividend of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.63 311.10 Td ($7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.02 311.10 Td ( \(SEK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (67 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 299.10 Td (\) related to our investment in Mekonomen. ) Tj ET Q q 0 0 0 rg BT 265.06 299.10 Td (The Level 1 fair value of our equity investment in the publicly traded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (Mekonomen common stock at December 31, 2017 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 287.10 Td ($173 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.39 287.10 Td ( compared to a carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.84 287.10 Td ($202 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.23 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 513.05 287.10 Td (W) Tj ET Q q 0 0 0 rg BT 521.68 287.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (evaluated our investment in Mekonomen for other) Tj ET Q q 0 0 0 rg BT 250.85 275.10 Td (-than-temporary impairment and concluded the decline in investment value is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (temporary) Tj ET Q q 0 0 0 rg BT 90.44 263.10 Td (.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.41 742.10 Td (arranty Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 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 352.86 724.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.53 724.10 Td ( month warranty against defects. ) Tj ET Q q 0 0 0 rg BT 496.71 724.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 546.62 724.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 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 296.03 712.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.01 712.10 Td ( year warranty against defects. ) Tj ET Q q 0 0 0 rg BT 440.21 712.10 Td (W) Tj ET Q q 0 0 0 rg BT 448.85 712.10 Td (e also provide a limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (lifetime warranty for certain of our aftermarket products. ) Tj ET Q q 0 0 0 rg BT 280.00 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 288.63 700.10 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 50.00 688.10 Td (historical warranty claim information to project future warranty claims activity) Tj ET Q q 0 0 0 rg BT 365.07 688.10 Td (. Our warranty reserve is recorded within Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 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 50.00 664.10 Td (related payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (The changes in the warranty reserve are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 635.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 635.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 605.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 605.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 575.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 575.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 545.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 545.60 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 438 590.6 m 503 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 590.6 m 503 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 545.6 m 503 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 545.6 m 503 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 531.6 m 503 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 529.6 m 503 529.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 626.17 Td (Balance as of January 1, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 625.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 625.27 Td (17,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 611.17 Td (W) Tj ET Q q 0 0 0 rg BT 119.54 611.17 Td (arranty expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 610.27 Td (32,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 596.17 Td (W) Tj ET Q q 0 0 0 rg BT 119.54 596.17 Td (arranty claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 595.32 Td (\(29,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 581.17 Td (Balance as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 580.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 580.27 Td (19,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 566.17 Td (W) Tj ET Q q 0 0 0 rg BT 119.54 566.17 Td (arranty expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 565.27 Td (38,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 551.17 Td (W) Tj ET Q q 0 0 0 rg BT 119.54 551.17 Td (arranty claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 550.32 Td (\(35,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 550.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 536.17 Td (Balance as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 535.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 535.27 Td (23,151) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (Self-Insurance Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 487.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 487.10 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 544.30 487.10 Td (W) Tj ET Q q 0 0 0 rg BT 552.93 487.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (purchase certain stop-loss insurance to limit our liability exposure. ) Tj ET Q q 0 0 0 rg BT 318.64 475.10 Td (W) Tj ET Q q 0 0 0 rg BT 327.28 475.10 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 50.00 463.10 Td (risk, which includes automobile liability) Tj ET Q q 0 0 0 rg BT 210.71 463.10 Td (, general liability) Tj ET Q q 0 0 0 rg BT 278.10 463.10 Td (, directors and of) Tj ET Q q 0 0 0 rg BT 345.67 463.10 Td (ficers liability) Tj ET Q q 0 0 0 rg BT 400.83 463.10 Td (, workers' compensation, and property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (coverage, under deductible insurance programs. ) Tj ET Q q 0 0 0 rg BT 243.91 451.10 Td (The insurance premium costs are expensed over the contract periods. ) Tj ET Q q 0 0 0 rg BT 521.86 451.10 Td (A) Tj ET Q q 0 0 0 rg BT 528.53 451.10 Td ( reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 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 50.00 427.10 Td (estimate of ultimate cost, which is calculated using analysis of historical data. ) Tj ET Q q 0 0 0 rg BT 363.07 427.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.70 427.10 Td (e monitor new claims and claim development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 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 534.93 415.10 Td (T) Tj ET Q q 0 0 0 rg BT 540.34 415.10 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (self-insurance reserves were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.77 403.10 Td ($94 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.16 403.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.60 403.10 Td ($84 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.99 403.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.76 403.10 Td ($43 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 403.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.59 403.10 Td ($40 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.98 403.10 Td ( was classified as current, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 391.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 391.10 Td (, and are classified as Other accrued expenses in the Consolidated Balance Sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (The remaining balances of self-insurance reserves are classified as Other noncurrent liabilities, which reflects management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (estimates of when claims will be paid. ) Tj ET Q q 0 0 0 rg BT 205.34 367.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.97 367.10 Td (e had outstanding letters of credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.87 367.10 Td ($71 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.27 367.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.70 367.10 Td ($70 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.10 367.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.31 367.10 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 355.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 355.10 Td (, to guarantee self-insurance claims payments. ) Tj ET Q q 0 0 0 rg BT 349.07 355.10 Td (While we do not expect the amounts ultimately paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (to dif) Tj ET Q q 0 0 0 rg BT 71.21 343.10 Td (fer significantly from our estimates, our insurance reserves and corresponding expenses could be af) Tj ET Q q 0 0 0 rg BT 468.67 343.10 Td (fected if future claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (experience dif) Tj ET Q q 0 0 0 rg BT 106.73 331.10 Td (fers significantly from historical trends and assumptions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 86.57 305.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 287.10 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 50.00 275.10 Td (do not enter into the computation of income taxes payable in the same year) Tj ET Q q 0 0 0 rg BT 349.63 275.10 Td (. Deferred income taxes have been provided to show ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 72.30 263.10 Td (fect of temporary dif) Tj ET Q q 0 0 0 rg BT 155.14 263.10 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 50.00 251.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.66 251.10 Td (A) Tj ET Q q 0 0 0 rg BT 103.33 251.10 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 50.00 239.10 Td (expire before we are able to realize their benefit or that future deductibility is uncertain. Provision is made for taxes on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (undistributed earnings of foreign subsidiaries and related companies to the extent that such earnings are not deemed to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (permanently invested.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 197.10 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 50.00 185.10 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 375.84 185.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.48 185.10 Td (e follow a two-step approach to recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (and measuring uncertain tax positions. ) Tj ET Q q 0 0 0 rg BT 206.45 173.10 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 50.00 161.10 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 50.00 149.10 Td (related appeals or litigation processes, if any) Tj ET Q q 0 0 0 rg BT 227.34 149.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.16 149.10 Td (The second step is to measure the tax benefit as the lar) Tj ET Q q 0 0 0 rg BT 449.96 149.10 Td (gest amount that is more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.72 137.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 137.10 Td ( likely of being realized upon ultimate settlement.) Tj ET Q q 0 0 0 rg BT 289.19 137.10 Td (W) Tj ET Q q 0 0 0 rg BT 297.83 137.10 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 50.00 125.10 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 50.00 113.10 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 95.10 Td (During 2017, new tax legislation was signed into law making significant changes to the Internal Revenue Code. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (Note 13, "Income ) Tj ET Q q 0 0 0 rg BT 123.33 83.10 Td (T) Tj ET Q q 0 0 0 rg BT 128.74 83.10 Td (axes" for further information regarding the new tax law) Tj ET Q q 0 0 0 rg BT 349.86 83.10 Td (.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Rental Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td ( ) Tj ET Q 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 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 50.00 712.10 Td (renewal periods, for all of our operating leases. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (For) Tj ET Q q 0 0 0 rg BT 64.63 686.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 103.43 686.10 Td (ency T) Tj ET Q q 0 0 0 rg BT 129.25 686.10 Td (ranslation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 668.10 Td (For most of our foreign operations, the local currency is the functional currency) Tj ET Q q 0 0 0 rg BT 404.41 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.86 668.10 Td (Assets and liabilities are translated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (average exchange rates during the period. ) Tj ET Q q 0 0 0 rg BT 218.91 644.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.66 644.10 Td (ranslation gains and losses are reported as a component of ) Tj ET Q q 0 0 0 rg BT 459.04 644.10 Td (Accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (comprehensive income \(loss\) in stockholders' equity) Tj ET Q q 0 0 0 rg BT 259.16 632.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 606.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 79.52 606.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 137.19 606.10 Td (onouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 580.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 122.74 580.10 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 158.38 580.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 216.05 580.10 Td (onouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (In July 2015, the F) Tj ET Q q 0 0 0 rg BT 160.54 562.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 209.44 562.10 Td (Accounting Standards Update 2015-1) Tj ET Q q 0 0 0 rg BT 359.87 562.10 Td (1, "Simplifying the Measurement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Inventory" \("ASU 2015-1) Tj ET Q q 0 0 0 rg BT 153.33 550.10 Td (1"\), which requires entities to measure inventory at the lower of cost or net realizable value. Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (completion, disposal and transportation. ) Tj ET Q q 0 0 0 rg BT 212.57 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.21 526.10 Td (e adopted ) Tj ET Q q 0 0 0 rg BT 261.75 526.10 Td (ASU 2015-1) Tj ET Q q 0 0 0 rg BT 312.21 526.10 Td (1 during the first quarter of 2017 on a prospective basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 514.10 Td (fective January 1, 2017, we are recording our inventory at the lower of cost or net realizable value, including application of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (the concept in determining our inventory reserves, in accordance with ) Tj ET Q q 0 0 0 rg BT 331.29 502.10 Td (ASU 2015-1) Tj ET Q q 0 0 0 rg BT 381.75 502.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 391.57 502.10 Td (The adoption of ) Tj ET Q q 0 0 0 rg BT 457.39 502.10 Td (ASU 2015-1) Tj ET Q q 0 0 0 rg BT 507.86 502.10 Td (1 did not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (have a material impact on our recorded inventory value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 472.10 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 174.96 472.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.87 472.10 Td (Accounting Standards Update No. 2017-04, "Simplifying the ) Tj ET Q q 0 0 0 rg BT 470.79 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 476.20 472.10 Td (est for Goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 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 50.00 448.10 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 50.00 436.10 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 533.22 436.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (2017-04 is ef) Tj ET Q q 0 0 0 rg BT 102.59 424.10 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 50.00 412.10 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 479.71 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 488.34 412.10 Td (e early adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (for the quarter ended June 30, 2017 in order for the guidance to be ef) Tj ET Q q 0 0 0 rg BT 325.55 400.10 Td (fective for our annual impairment test performed in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (fourth quarter of 2017. Based on the results of our annual impairment test performed during the fourth quarter) Tj ET Q q 0 0 0 rg BT 489.47 388.10 Td (, the adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (this standard did not have a material ef) Tj ET Q q 0 0 0 rg BT 205.04 376.10 Td (fect on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 358.10 Td (In May 2017, the F) Tj ET Q q 0 0 0 rg BT 162.20 358.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 211.10 358.10 Td (Accounting Standards Update No. 2017-09, "Scope of Modification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Accounting" \("ASU 2017-09"\), which provides guidance on changes to share based payment awards requiring application of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (modification accounting under F) Tj ET Q q 0 0 0 rg BT 180.06 334.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 201.46 334.10 Td (Accounting Standards Codification ) Tj ET Q q 0 0 0 rg BT 344.86 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 350.27 334.10 Td (opic 718, "Compensation - Stock Compensation." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.94 322.10 Td (ASU 2017-09, modification accounting for awards will not be required if the fair value, vesting conditions, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (classifications of awards both prior to and after the modification are the same. ) Tj ET Q q 0 0 0 rg BT 363.78 310.10 Td (ASU 2017-09 is ef) Tj ET Q q 0 0 0 rg BT 438.88 310.10 Td (fective for fiscal years and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (interim periods beginning after December 15, 2017; early adoption is permitted with amendments resulting from ) Tj ET Q q 0 0 0 rg BT 502.67 298.10 Td (ASU 2017-09 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (applied prospectively to awards modified after the ef) Tj ET Q q 0 0 0 rg BT 261.13 286.10 Td (fective date. ) Tj ET Q q 0 0 0 rg BT 312.30 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 320.94 286.10 Td (e early adopted for the quarter ended June 30, 2017; the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (adoption of ) Tj ET Q q 0 0 0 rg BT 97.77 274.10 Td (ASU 2017-09 did not have a material impact on our consolidated financial statements and related disclosures.) 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 BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 150.79 742.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 208.46 742.10 Td (onouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td (In May 2014, the Financial ) Tj ET Q q 0 0 0 rg BT 196.54 724.10 Td (Accounting Standards Board \("F) Tj ET Q q 0 0 0 rg BT 326.80 724.10 Td (ASB"\) issued ) Tj ET Q q 0 0 0 rg BT 383.11 724.10 Td (Accounting Standards Update 2014-09, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td ("Revenue from Contracts with Customers" \("ASU 2014-09"\). ) Tj ET Q q 0 0 0 rg BT 299.45 712.10 Td (This update outlines a new comprehensive revenue recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 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 50.00 688.10 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 50.00 676.10 Td (be entitled in exchange for those goods or services. ) Tj ET Q q 0 0 0 rg BT 256.98 676.10 Td (The F) Tj ET Q q 0 0 0 rg BT 279.84 676.10 Td (ASB has issued several updates to ) Tj ET Q q 0 0 0 rg BT 418.72 676.10 Td (ASU 2014-09. ) Tj ET Q q 0 0 0 rg BT 479.00 676.10 Td (ASU 2014-09 will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (be ef) Tj ET Q q 0 0 0 rg BT 69.53 664.10 Td (fective for the Company during the first quarter of our fiscal year 2018. Entities adopting the standard have the option of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (using either a full retrospective or modified retrospective approach in the application of this guidance. ) Tj ET Q q 0 0 0 rg BT 460.23 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 468.87 652.10 Td (e will be adopting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (standard using the modified retrospective approach, with a cumulative ef) Tj ET Q q 0 0 0 rg BT 341.39 640.10 Td (fect adjustment recognized in the opening balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (retained earnings in the first quarter of fiscal 2018.) Tj ET Q q 0 0 0 rg BT 254.93 628.10 Td (As the majority of our revenue transactions generally consist of single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (performance obligations to transfer promised goods or services, no adjustments were identified related to the majority of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (revenue streams.However) Tj ET Q q 0 0 0 rg BT 155.94 604.10 Td (, we have determined that we will change the presentation of the returns reserves on the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (sheet and the related reserve adjustments on the income statement.) Tj ET Q q 0 0 0 rg BT 317.96 592.10 Td (A) Tj ET Q q 0 0 0 rg BT 324.63 592.10 Td ( refund liability will be presented on a gross basis as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (current liability and a return asset will be presented separately in prepaid expenses and other current assets.) Tj ET Q q 0 0 0 rg BT 480.77 580.10 Td (The gross amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (of changes to the refund liability will be presented as a reduction to revenue and a corresponding reduction to cost of goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (sold will be presented for changes in the return asset.If we had presented the 2017 returns reserves on the balance sheet on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (gross basis, accounts receivable, prepaid expenses and other current assets, and current liabilities would have increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.49 544.10 Td ($38 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 532.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 532.10 Td ($45 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.28 532.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 532.10 Td ($83 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.61 532.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 251.27 532.10 Td (.) Tj ET Q q 0 0 0 rg BT 256.09 532.10 Td (The impact to the income statement of presenting the changes to the returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (reserve on a gross basis is immaterial.) Tj ET Q q 0 0 0 rg BT 204.22 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.86 520.10 Td (e do not expect to record a cumulative ef) Tj ET Q q 0 0 0 rg BT 375.94 520.10 Td (fect adjustment to the opening balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (retained earnings, as we do not expect there to be a net impact to the income statement as a result of adoption.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td (In January 2016, the F) Tj ET Q q 0 0 0 rg BT 174.96 490.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.87 490.10 Td (Accounting Standards Update No. 2016-01, Recognition and Measurement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.16 478.10 Td (Assets and Financial Liabilities \(ASU 2016-01\), which changes how entities will recognize, measure, present and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (make disclosures about certain financial assets and financial liabilities.) Tj ET Q q 0 0 0 rg BT 334.91 466.10 Td (ASU 2016-01 is ef) Tj ET Q q 0 0 0 rg BT 410.00 466.10 Td (fective for fiscal years, and interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (periods within those years, beginning after December 15, 2017; early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 419.17 454.10 Td (The guidance requires adoption on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (a prospective basis.) Tj ET Q q 0 0 0 rg BT 130.35 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.99 442.10 Td (e do not expect adoption of ) Tj ET Q q 0 0 0 rg BT 250.07 442.10 Td (ASU 2016-01 to have a significant impact on our financial position, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (operations, cash flows or disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 412.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 179.96 412.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.87 412.10 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 50.00 400.10 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 50.00 388.10 Td (information about leasing arrangements. ) Tj ET Q q 0 0 0 rg BT 213.94 388.10 Td (The main dif) Tj ET Q q 0 0 0 rg BT 265.41 388.10 Td (ference between current GAAP) Tj ET Q q 0 0 0 rg BT 390.81 388.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 409.69 388.10 Td (ASU 2016-02 is the recognition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (lease 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 484.31 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.75 376.10 Td (ASU 2016-02 is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 364.10 Td (fective for fiscal years, and interim periods within those years, beginning after December 15, 2018. ) Tj ET Q q 0 0 0 rg BT 456.44 364.10 Td (The standard requires that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (entities apply the ef) Tj ET Q q 0 0 0 rg BT 128.40 352.10 Td (fects of these changes using a modified retrospective approach, which includes a number of optional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (practical expedients. ) Tj ET Q q 0 0 0 rg BT 134.50 340.10 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 449.14 340.10 Td (ASU 2016-02 will have on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (our consolidated financial statements and related disclosures, we anticipate the adoption will materially af) Tj ET Q q 0 0 0 rg BT 473.56 328.10 Td (fect our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 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 503.17 316.10 Td (ASU 2016-02. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (While we do not anticipate the adoption of this accounting standard to have a material impact on our consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 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 50.00 280.10 Td (of the new standard, we have purchased new software to track our leases. ) Tj ET Q q 0 0 0 rg BT 345.54 280.10 Td (W) Tj ET Q q 0 0 0 rg BT 354.17 280.10 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 50.00 268.10 Td (implementation of the new software with an expectation to complete the implementation by the end of 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 250.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 250.10 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 172.21 250.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 250.10 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 50.00 238.10 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 50.00 226.10 Td (in the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 173.58 226.10 Td (ASU 2016-15 includes guidance on classification for the following items: debt prepayment or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (debt extinguishment costs, settlement of zero coupon bonds, contingent consideration payments made after a business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (combination, proceeds from the settlement of insurance claims and corporate-owned or bank-owned life insurance policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (distributions received from equity method investees, beneficial interests in securitization transactions, and other separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (identifiable cash flows where application of the predominance principle is prescribed. ) Tj ET Q q 0 0 0 rg BT 394.88 178.10 Td (ASU 2016-15 is ef) Tj ET Q q 0 0 0 rg BT 469.97 178.10 Td (fective for fiscal years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (and interim periods within those years, beginning after December 15, 2017; early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 467.49 166.10 Td (The guidance requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (retrospective application to all periods presented unless it is impracticable to do so. Based on our evaluation of the guidance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (we do not expect a material change to our consolidated statement of cash flows upon adoption in the first quarter of our fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (year 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 112.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 112.10 Td (August 2017, the F) Tj ET Q q 0 0 0 rg BT 172.21 112.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 112.10 Td (Accounting Standards Update No. 2017-12, "T) Tj ET Q q 0 0 0 rg BT 408.62 112.10 Td (ar) Tj ET Q q 0 0 0 rg BT 416.21 112.10 Td (geted Improvements to ) Tj ET Q q 0 0 0 rg BT 510.36 112.10 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (for Hedging ) Tj ET Q q 0 0 0 rg BT 100.55 100.10 Td (Activities" \("ASU 2017-12"\), which amends the hedge accounting recognition and presentation requirements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (ASC 815 \("Derivatives and Hedging"\). ) Tj ET Q q 0 0 0 rg BT 208.70 88.10 Td (ASU 2017-12 significantly alters the hedge accounting model by making it easier for an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (entity to achieve and maintain hedge accounting and provides for accounting that better reflects an entity's risk management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 90.55 64.10 Td (ASU 2017-12 is ef) Tj ET Q q 0 0 0 rg BT 165.64 64.10 Td (fective for fiscal years and interim periods beginning after December 15, 2018; early adoption is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (permitted. Entities will adopt the provisions of ) Tj ET Q q 0 0 0 rg BT 238.31 52.10 Td (ASU 2017-12 by applying a modified retrospective approach to existing ) 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 50.00 742.10 Td (hedging relationships as of the adoption date. ) Tj ET Q q 0 0 0 rg BT 233.30 742.10 Td (At this time, we are still evaluating the impact of this standard on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (statements.) 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 February 2018, the F) Tj ET Q q 0 0 0 rg BT 179.96 712.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.87 712.10 Td (Accounting Standards Update No. 2018-02, "Reclassification of Certain ) Tj ET Q q 0 0 0 rg BT 519.92 712.10 Td (T) Tj ET Q q 0 0 0 rg BT 525.33 712.10 Td (ax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 700.10 Td (fects from ) Tj ET Q q 0 0 0 rg BT 102.02 700.10 Td (Accumulated Other Comprehensive Income" \("ASU 2018-12"\), which allows a reclassification from accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (other comprehensive income to retained earnings for stranded tax ef) Tj ET Q q 0 0 0 rg BT 322.21 688.10 Td (fects resulting from the ) Tj ET Q q 0 0 0 rg BT 417.56 688.10 Td (T) Tj ET Q q 0 0 0 rg BT 422.97 688.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 434.36 688.10 Td (Act. In addition, under ) Tj ET Q q 0 0 0 rg BT 527.11 688.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (2018-12, an entity will be required to provide certain disclosures regarding stranded tax ef) Tj ET Q q 0 0 0 rg BT 410.82 676.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 434.14 676.10 Td (ASU 2018-02 is ef) Tj ET Q q 0 0 0 rg BT 509.23 676.10 Td (fective for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (fiscal years and interim periods beginning after December 15, 2018; early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 437.48 664.10 Td (The amendments in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (update should be applied either in the period of adoption or retrospectively to each period \(or periods\) in which the ef) Tj ET Q q 0 0 0 rg BT 519.67 652.10 Td (fect of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (change in the U.S. federal corporate income tax rate in the ) Tj ET Q q 0 0 0 rg BT 285.55 640.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.96 640.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 302.35 640.10 Td (Act is recognized. ) Tj ET Q q 0 0 0 rg BT 376.77 640.10 Td (At this time, we are still evaluating the impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (of this standard on our financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (Note 5. Restructuring and ) Tj ET Q q 0 0 0 rg BT 168.05 596.10 Td (Acquisition Related Expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 579.10 Td (Acquisition Related Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.10 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 529.19 562.10 Td ($15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 550.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 550.10 Td ($22 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.28 550.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 550.10 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.61 550.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.97 550.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 550.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.55 550.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.55 550.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.99 550.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.99 550.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 470.65 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 475.10 550.10 Td (Acquisition related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (expenses for the year ended December 31, 2017 included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.58 538.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.97 538.10 Td ( of costs for our acquisition of ) Tj ET Q q 0 0 0 rg BT 445.45 538.10 Td (Andrew Page, primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (related to legal and other professional fees associated with the CMA) Tj ET Q q 0 0 0 rg BT 322.70 526.10 Td ( review) Tj ET Q q 0 0 0 rg BT 351.75 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.57 526.10 Td (The remaining acquisition related costs for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (year ended December 31, 2017 consisted of external costs for \(i\) completed acquisitions, \(ii\) pending acquisitions as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (December 31, 2017, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.86 502.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.25 502.10 Td ( related to Stahlgruber) Tj ET Q q 0 0 0 rg BT 303.98 502.10 Td (, and \(iii\) potential acquisitions that were terminated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 485.10 Td (Acquisition related expenses for 2016 included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.06 485.10 Td ($1) Tj ET Q q 0 0 0 rg BT 286.69 485.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.08 485.10 Td ( related to our Rhiag acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.66 485.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.05 485.10 Td ( related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (acquisition of PGW) Tj ET Q q 0 0 0 rg BT 128.52 473.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.45 473.10 Td ($7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.85 473.10 Td ( related to other completed acquisitions and acquisitions that were pending as of December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 444.10 Td (Acquisition related expenses for 2015 included $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.06 444.10 Td (2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.45 444.10 Td ( related to our Rhiag acquisition, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.03 444.10 Td (2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.42 444.10 Td ( related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (acquisitions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.10 432.10 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.20 432.10 Td ( aftermarket parts distribution businesses in the Netherlands, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.86 432.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.25 432.10 Td ( related to our acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (Coast, and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.72 420.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.11 420.10 Td ( related to other completed acquisitions and acquisitions that were pending as of December 31, 2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (Acquisition Integration Plans and Restructuring) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 386.10 Td (During the year ended December 31, 2017, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.19 386.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.58 386.10 Td ( of restructuring expenses. Expenses incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (during the year ended December 31, 2017 were primarily a result of our ongoing integration activities in our North ) Tj ET Q q 0 0 0 rg BT 511.53 374.10 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (and Specialty segments. Expenses incurred were primarily related to facility closure and the mer) Tj ET Q q 0 0 0 rg BT 435.79 362.10 Td (ger of existing facilities into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 350.10 Td (ger distribution centers. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 332.10 Td (During the year ended December 31, 2016, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.19 332.10 Td ($16 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.58 332.10 Td ( of restructuring expenses. Of this amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.60 332.10 Td ($10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 320.10 Td ( was related to integration activities in our Specialty segment, primarily a result of the integration of our Coast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (acquisition into our existing Specialty business. Expenses incurred were primarily related to facility closure and relocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (costs for duplicate facilities, the mer) Tj ET Q q 0 0 0 rg BT 195.32 296.10 Td (ger of existing facilities into lar) Tj ET Q q 0 0 0 rg BT 320.94 296.10 Td (ger distribution centers, and the termination of employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 284.10 Td (e also incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 284.10 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.39 284.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.83 284.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.22 284.10 Td (of restructuring expenses, including primarily facility rationalization activities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (related to our North ) Tj ET Q q 0 0 0 rg BT 131.09 272.10 Td (America and Europe acquisitions, respectively) Tj ET Q q 0 0 0 rg BT 316.76 272.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 254.10 Td (year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.13 254.10 Td ( December31, 2015, we incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.19 254.10 Td ($13 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.58 254.10 Td ( of restructuring expenses. Expenses incurredwere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (primarily a result of the integration of our Coast acquisition and 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 50.00 230.10 Td (recreational vehicles into our Specialty business and the integration of our acquisition of Parts Channel into our existing North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (America wholesale business. ) Tj ET Q q 0 0 0 rg BT 168.12 218.10 Td (These integration activities included the closure of duplicate facilities, termination of employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (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 86.00 188.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 188.10 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 50.00 176.10 Td (operations in 2018. ) Tj ET Q q 0 0 0 rg BT 129.25 176.10 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 50.00 164.10 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 50.00 152.10 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 371.28 152.10 Td ($15 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.68 152.10 Td (.) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 6. Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 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 50.00 712.25 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 50.00 700.25 Td (performance shares and performance units under the LKQ Corporation 1998 Equity Incentive Plan \(the Equity Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Plan\). ) Tj ET Q q 0 0 0 rg BT 80.37 688.25 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 499.98 688.25 Td (70 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.37 688.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (shares, subject to antidilution and other adjustment provisions. ) Tj ET Q q 0 0 0 rg BT 302.56 676.25 Td (W) Tj ET Q q 0 0 0 rg BT 311.20 676.25 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 50.00 664.25 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 514.87 664.25 Td (12 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.26 664.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (shares remained available for issuance as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.98 652.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.56 652.25 Td (. ) Tj ET Q q 0 0 0 rg BT 311.38 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 320.02 652.25 Td (e expect to issue new shares of common stock to cover past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (and future equity grants.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.25 Td (RSUs vest over periods of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.27 604.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.82 604.25 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 50.00 592.25 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 50.00 580.25 Td (vesting condition, in which case, both conditions must be met before any RSUs vest. For most of the RSUs containing a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (performance-based vesting condition, the Company must report positive diluted earnings per share, subject to certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (adjustments, during any fiscal year period within) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.29 556.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.83 556.25 Td (years following the grant date; we have an immaterial amount of RSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (containing other performance-based vesting conditions. Each RSU converts into one share of LKQ common stock on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (applicable vesting date. ) Tj ET Q q 0 0 0 rg BT 146.45 532.25 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 86.00 514.25 Td (The Compensation Committee approved the grant of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.56 514.25 Td (235,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.06 514.25 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.34 514.25 Td (261,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.84 514.25 Td (; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.05 514.25 Td (215,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.55 514.25 Td ( RSUs to our executive of) Tj ET Q q 0 0 0 rg BT 527.97 514.25 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (that include both a performance-based vesting condition and a time-based vesting condition in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.61 502.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.61 502.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.61 502.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.61 502.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.55 502.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.55 502.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 490.25 Td (The performance-based vesting conditions for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.08 490.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.08 490.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.08 490.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.08 490.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 490.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 490.25 Td ( grants to our executive of) Tj ET Q q 0 0 0 rg BT 495.52 490.25 Td (ficers have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (satisfied.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 460.25 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 378.68 460.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.68 460.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.68 460.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.68 460.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.12 460.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.12 460.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.67 460.25 Td ($28 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.06 460.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.06 460.25 Td ($29 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 448.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 448.25 Td ($28 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.72 448.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 197.38 448.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td (In January 2018, our Board of Directors granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.22 430.25 Td (556,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.72 430.25 Td ( RSUs to employees \(including executive of) Tj ET Q q 0 0 0 rg BT 490.17 430.25 Td (ficers\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.25 Td (The following table summarizes activity related to our RSUs under the Equity Incentive Plan for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (December 31, 2017:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 321.75 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 321.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 321.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 321.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 321.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 291.75 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 291.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 291.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 291.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 291.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 261.75 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 261.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 261.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 261.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 261.75 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 287.5 336.75 m 345.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 336.75 m 407.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 336.75 m 469.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 336.75 m 543.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 336.75 m 345.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 336.75 m 407.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 276.75 m 345.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 262.75 m 345.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 260.75 m 345.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 260.75 m 345.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 262.75 m 345.5 262.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.85 348.98 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 340.98 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.75 364.98 Td (W) Tj ET Q q 0 0 0 rg BT 369.31 364.98 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 356.98 Td (A) Tj ET Q q 0 0 0 rg BT 369.23 356.98 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.55 348.98 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.15 340.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 374.67 340.98 Td ( ) Tj ET Q q 0 0 0 rg BT 376.52 340.98 Td (V) Tj ET Q q 0 0 0 rg BT 381.56 340.98 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.75 380.98 Td (W) Tj ET Q q 0 0 0 rg BT 431.31 380.98 Td (eighted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.05 372.98 Td (A) Tj ET Q q 0 0 0 rg BT 431.23 372.98 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 364.98 Td (Remaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.30 356.98 Td (Contractual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 348.98 Td (T) Tj ET Q q 0 0 0 rg BT 435.40 348.98 Td (erm ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.85 340.98 Td (\(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 356.98 Td (Aggr) Tj ET Q q 0 0 0 rg BT 507.68 356.98 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 348.98 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 513.94 348.98 Td (V) Tj ET Q q 0 0 0 rg BT 518.98 348.98 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.60 340.98 Td ( \(in thousands\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 533.29 344.61 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 327.32 Td (Unvested as of January 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 326.42 Td (1,873,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 326.42 Td (27.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 312.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 311.42 Td (809,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 311.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 311.42 Td (32.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 297.32 Td (V) Tj ET Q q 0 0 0 rg BT 94.67 297.32 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 296.47 Td (\(883,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 296.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 296.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 296.42 Td (26.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 282.32 Td (Forfeited / Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 281.47 Td (\(175,21) Tj ET Q q 0 0 0 rg BT 336.63 281.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 281.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 281.42 Td (30.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 267.32 Td (Unvested as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 266.42 Td (1,624,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 266.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 266.42 Td (29.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 251.42 Td (Expected to vest after December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 251.42 Td (1,523,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 251.42 Td (29.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 251.42 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 251.42 Td (61,980) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 229.25 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.16 229.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.66 229.25 Td (The aggregate intrinsic value of expected to vest RSUs represents the total pretax intrinsic value \(the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 217.25 Td (Company's stock on the last day of each period multiplied by the number of units\) that would have been received by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.25 Td (the holders had all RSUs vested. ) Tj ET Q q 0 0 0 rg BT 218.30 205.25 Td (This amount changes based on the market price of the Company) Tj ET Q q 0 0 0 rg BT 478.23 205.25 Td (s common stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.25 Td (Stock options vest over periods of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 169.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.20 169.25 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 50.00 157.25 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.26 157.25 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.93 157.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.26 157.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.48 157.25 Td (years from the date they are granted. No options were granted during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.49 157.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.49 157.25 Td (. ) Tj ET Q q 0 0 0 rg BT 418.31 157.25 Td (The total grant-date fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (options that vested during each of the years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.02 145.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.02 145.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.46 145.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.46 145.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.01 145.25 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.40 145.25 Td (; no options vested during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.67 133.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 133.25 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 following table summarizes activity related to our stock options under the Equity Incentive Plan for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ended December 31, 2017:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 669.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 669.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 669.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 669.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 669.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 639.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 639.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 639.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 639.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 639.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 609.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 609.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 609.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 609.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 609.60 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 287.5 669.6 m 345.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 669.6 m 407.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 669.6 m 469.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 669.6 m 543.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 669.6 m 345.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 624.6 m 345.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 610.6 m 345.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 608.6 m 345.5 608.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.85 681.83 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 673.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.75 689.83 Td (W) Tj ET Q q 0 0 0 rg BT 369.31 689.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 681.83 Td (A) Tj ET Q q 0 0 0 rg BT 369.23 681.83 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.75 673.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 370.04 673.83 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.75 711.68 Td (W) Tj ET Q q 0 0 0 rg BT 431.31 711.68 Td (eighted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.05 703.68 Td (A) Tj ET Q q 0 0 0 rg BT 431.23 703.68 Td (verage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 695.68 Td (Remaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.30 687.68 Td (Contractual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 679.68 Td (T) Tj ET Q q 0 0 0 rg BT 435.40 679.68 Td (erm ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.85 671.73 Td (\(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 689.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 507.68 689.83 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 681.83 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 513.94 681.83 Td (V) Tj ET Q q 0 0 0 rg BT 518.98 681.83 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.60 673.83 Td ( \(in thousands\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 533.29 677.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 660.17 Td (Balance as of January 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 659.27 Td (2,623,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 659.27 Td (9.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 645.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 644.32 Td (\(866,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 644.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 644.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 644.27 Td (8.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 644.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 644.27 Td (20,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 630.17 Td (Forfeited / Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 629.32 Td (\(18,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 629.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 629.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 629.27 Td (25.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 615.17 Td (Balance as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 614.27 Td (1,738,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 614.27 Td (9.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 614.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 614.27 Td (54,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 599.27 Td (Exercisable as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 599.27 Td (1,738,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 599.27 Td (9.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 599.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 599.27 Td (54,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 584.27 Td (Exercisable as of December 31, 2017 and expected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 574.27 Td (to vest thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 574.27 Td (1,738,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 574.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 574.27 Td (9.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 574.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 574.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 574.27 Td (54,693) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 552.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.48 552.10 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 86.00 540.10 Td (intrinsic value \(the dif) Tj ET Q q 0 0 0 rg BT 174.40 540.10 Td (ference between the fair value of the Company's stock on the last day of each period and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 528.10 Td (exercise price, multiplied by the number of options where the fair value exceeds the exercise price\) that would have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 516.10 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 86.00 504.10 Td (indicated. ) Tj ET Q q 0 0 0 rg BT 127.47 504.10 Td (This amount changes based on the market price of the Company) Tj ET Q q 0 0 0 rg BT 387.40 504.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 457.21 504.10 Td (The aggregate intrinsic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 492.10 Td (value of stock options exercised during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.10 492.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.68 492.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.12 492.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.12 492.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.67 492.10 Td ($28 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.06 492.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 492.10 Td ($32 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 480.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 167.55 480.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (Stock-Based Compensation Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 444.10 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 50.00 432.10 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 50.00 420.10 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 429.83 420.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.42 420.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.42 420.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.42 420.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 408.10 Td (, we recognized $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.52 408.10 Td (7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.91 408.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.91 408.10 Td ($7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.31 408.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.24 408.10 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.64 408.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 339.30 408.10 Td (, of stock based compensation expense related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (RSUs containing a performance-based vesting condition. For all other awards, which are subject to only a time-based vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (condition, we recognize compensation expense on a straight-line basis over the requisite service period of the entire award. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (Forfeitures are recorded as they occur) Tj ET Q q 0 0 0 rg BT 200.76 372.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 354.10 Td (The components of pre-tax stock-based compensation expense for our continuing operations are as follows \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 305.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 305.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 305.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 305.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 275.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 275.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 275.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 275.60 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 326.5 318.6 m 391.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 318.6 m 395.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 318.6 m 460.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 318.6 m 464.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 318.6 m 529.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 305.6 m 391.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 305.6 m 460.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 305.6 m 529.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 305.6 m 391.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 305.6 m 460.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 305.6 m 529.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 275.6 m 391.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 261.6 m 391.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 259.6 m 391.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 275.6 m 460.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 261.6 m 460.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 259.6 m 460.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 275.6 m 529.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 261.6 m 529.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 259.6 m 529.5 259.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.20 322.83 Td (Y) Tj ET Q q 0 0 0 rg BT 388.53 322.83 Td (ear) Tj ET Q q 0 0 0 rg BT 399.12 322.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 459.85 322.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 309.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.50 309.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 309.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 309.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 296.17 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 295.27 Td (22,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 295.27 Td (22,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 295.27 Td (21,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 281.17 Td (Stock options and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 280.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 280.27 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 280.27 Td (278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 266.17 Td (T) Tj ET Q q 0 0 0 rg BT 89.41 266.17 Td (otal stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 265.27 Td (22,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 265.27 Td (22,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 265.27 Td (21,336) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 243.10 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 50.00 231.10 Td (Consolidated Statements of Income for our continuing operations \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 194.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 194.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 194.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 194.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 194.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 194.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 164.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 164.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 164.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 164.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 164.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 164.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 134.60 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 134.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 134.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 134.60 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 326.5 207.60000000000002 m 391.5 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 207.60000000000002 m 395.5 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 207.60000000000002 m 460.5 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 207.60000000000002 m 464.5 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 207.60000000000002 m 529.5 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 194.60000000000002 m 391.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 194.60000000000002 m 460.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 194.60000000000002 m 529.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 194.60000000000002 m 391.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 194.60000000000002 m 460.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 194.60000000000002 m 529.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 149.60000000000002 m 391.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 149.60000000000002 m 460.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 149.60000000000002 m 529.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 119.60000000000002 m 391.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 119.60000000000002 m 460.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 119.60000000000002 m 529.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 105.60000000000002 m 391.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 103.60000000000002 m 391.5 103.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 105.60000000000002 m 460.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 103.60000000000002 m 460.5 103.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 105.60000000000002 m 529.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 103.60000000000002 m 529.5 103.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.20 211.83 Td (Y) Tj ET Q q 0 0 0 rg BT 388.53 211.83 Td (ear) Tj ET Q q 0 0 0 rg BT 399.12 211.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 459.85 211.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 198.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.50 198.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 198.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 198.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 185.17 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 184.27 Td (434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 184.27 Td (407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 184.27 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 170.17 Td (Facility and warehouse expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 169.27 Td (3,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 169.27 Td (3,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 169.27 Td (2,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 155.17 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 154.27 Td (19,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 154.27 Td (17,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 154.27 Td (18,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 140.17 Td (T) Tj ET Q q 0 0 0 rg BT 107.41 140.17 Td (otal stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 139.27 Td (22,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 139.27 Td (22,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 139.27 Td (21,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 125.17 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 124.32 Td (\(5,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 124.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.80 124.32 Td (\(8,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 124.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 124.32 Td (\(8,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 124.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 110.17 Td (T) Tj ET Q q 0 0 0 rg BT 107.41 110.17 Td (otal stock-based compensation expense, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 109.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 109.27 Td (17,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 109.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 109.27 Td (14,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 109.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 109.27 Td (13,1) Tj ET Q q 0 0 0 rg BT 515.65 109.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 87.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 87.10 Td (e have 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 483.11 87.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.11 87.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.11 87.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.11 87.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 75.10 Td (.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 742.10 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 50.00 730.10 Td (as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 698.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 698.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 668.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 668.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 638.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 638.60 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 363 698.6 m 428 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 623.6 m 428 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 609.6 m 428 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 607.6 m 428 607.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.40 702.83 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 689.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 688.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 688.27 Td (14,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 674.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 673.27 Td (9,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 659.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 658.27 Td (6,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 644.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 643.27 Td (3,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 629.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 628.27 Td (345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 614.17 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 614.17 Td (otal unrecognized compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 613.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 613.27 Td (33,487) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 591.10 Td (Stock-based compensation expense related to these awards will be dif) Tj ET Q q 0 0 0 rg BT 364.90 591.10 Td (ferent to the extent that forfeitures are realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 567.10 Td (Note 7. Earnings Per) Tj ET Q q 0 0 0 rg BT 141.20 567.10 Td ( Shar) Tj ET Q q 0 0 0 rg BT 164.08 567.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 549.10 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 50.00 537.10 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 50.00 525.10 Td (the assumed vesting of RSUs. Certain of our RSUs and stock options were excluded from the calculation of diluted earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.10 Td (per share because they were antidilutive, but these equity instruments could be dilutive in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 495.10 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 49.50 458.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 458.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 458.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 458.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 418.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 418.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 418.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 418.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 418.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 418.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 388.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 388.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 388.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 388.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 348.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 348.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 348.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 348.60 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 358.5 471.6 m 423.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 471.6 m 427.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 471.6 m 492.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 471.6 m 496.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 471.6 m 561.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 471.6 m 423.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 458.6 m 423.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 458.6 m 492.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 458.6 m 561.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 458.6 m 423.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 444.6 m 423.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 442.6 m 423.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 458.6 m 492.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 444.6 m 492.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 442.6 m 492.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 458.6 m 561.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 444.6 m 561.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 442.6 m 561.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 442.6 m 423.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 444.6 m 423.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 442.6 m 492.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 444.6 m 492.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 442.6 m 561.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 444.6 m 561.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 373.6 m 423.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 373.6 m 492.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 373.6 m 561.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 349.6 m 423.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 347.6 m 423.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 349.6 m 492.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 347.6 m 492.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 349.6 m 561.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 347.6 m 561.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 347.6 m 423.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 349.6 m 423.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 334.6 m 423.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 332.6 m 423.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 347.6 m 492.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 349.6 m 492.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 334.6 m 492.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 332.6 m 492.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 347.6 m 561.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 349.6 m 561.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 334.6 m 561.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 332.6 m 561.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 332.6 m 423.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 334.6 m 423.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 319.6 m 423.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 317.6 m 423.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 332.6 m 492.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 334.6 m 492.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 319.6 m 492.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 317.6 m 492.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 332.6 m 561.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 334.6 m 561.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 319.6 m 561.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 317.6 m 561.5 317.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 475.83 Td (Y) Tj ET Q q 0 0 0 rg BT 420.53 475.83 Td (ear) Tj ET Q q 0 0 0 rg BT 431.12 475.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 491.85 475.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 462.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 462.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 462.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 462.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 449.17 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 448.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 448.27 Td (536,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 448.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 448.27 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 448.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 448.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 434.17 Td (Denominator for basic earnings per shareW) Tj ET Q q 0 0 0 rg BT 236.25 434.17 Td (eighted-average shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 424.17 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 423.27 Td (308,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 423.27 Td (306,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 423.27 Td (304,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 409.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.35 409.17 Td (fect of dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 394.17 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 393.27 Td (544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 393.27 Td (689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 393.27 Td (667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 379.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 378.27 Td (1,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 378.27 Td (2,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 378.27 Td (2,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 364.17 Td (Denominator for diluted earnings per shareAdjusted weighted-average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 354.17 Td (shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 353.27 Td (310,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 353.27 Td (309,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 353.27 Td (307,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 339.17 Td (Basic earnings per share from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 338.27 Td (1.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 338.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 338.27 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 324.17 Td (Diluted earnings per share from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 323.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 323.27 Td (1.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 323.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 323.27 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 323.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 323.27 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 301.10 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 50.00 289.10 Td (in the computation of diluted earnings per share because their ef) Tj ET Q q 0 0 0 rg BT 306.39 289.10 Td (fect would have been antidilutive for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (December 31, 2017, 2016 and 2015 \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 240.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 240.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 240.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 240.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 240.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 240.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 210.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 210.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 210.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 210.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 210.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 210.60 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 309 253.60000000000002 m 374 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 253.60000000000002 m 378 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 253.60000000000002 m 443 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 253.60000000000002 m 447 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 253.60000000000002 m 512 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 240.60000000000002 m 374 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 240.60000000000002 m 443 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 240.60000000000002 m 512 240.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 257.83 Td (Y) Tj ET Q q 0 0 0 rg BT 371.03 257.83 Td (ear) Tj ET Q q 0 0 0 rg BT 381.62 257.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 442.35 257.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.50 244.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 244.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 244.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 244.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 231.17 Td (Antidilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 216.17 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 215.27 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 215.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 215.27 Td (230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 201.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 200.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 200.27 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 200.27 Td (96) Tj ET Q BT /F1 10.00 Tf ET 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 8. ) Tj ET Q q 0 0 0 rg BT 84.44 742.25 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 168.96 742.25 Td ( Compr) Tj ET Q q 0 0 0 rg BT 201.84 742.25 Td (ehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (The components of ) Tj ET Q q 0 0 0 rg BT 165.15 724.25 Td (Accumulated Other Comprehensive Income \(Loss\) are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 660.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 660.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 660.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 660.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 660.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 660.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 630.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 630.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 630.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 630.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 630.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 630.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 600.75 175.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 600.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 600.75 62.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 600.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 600.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 600.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 600.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 600.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 600.75 64.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 600.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 600.75 64.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 563.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 563.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 563.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 563.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 563.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 563.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 533.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 533.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 533.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 533.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 533.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 533.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 496.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 496.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 496.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 496.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 496.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 496.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 466.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 466.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 466.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 466.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 466.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 466.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 429.75 175.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 429.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 429.75 62.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 429.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 429.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 429.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 429.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 429.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 429.75 64.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 429.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 429.75 64.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.00 392.75 175.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 392.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 392.75 62.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 392.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 392.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 392.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 392.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 392.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 392.75 64.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 392.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 392.75 64.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 660.75 m 286 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 660.75 m 358 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 660.75 m 430 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 660.75 m 498 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 660.75 m 566 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 660.75 m 286 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 660.75 m 358 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 660.75 m 430 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 660.75 m 498 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 660.75 m 566 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 578.75 m 286 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 578.75 m 358 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 578.75 m 430 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 578.75 m 498 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 578.75 m 566 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 496.75 m 430 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 496.75 m 498 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 496.75 m 286 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 496.75 m 358 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 496.75 m 430 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 496.75 m 498 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 496.75 m 566 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 370.75 m 286 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 370.75 m 358 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 370.75 m 430 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 370.75 m 498 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 370.75 m 566 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 356.75 m 286 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 354.75 m 286 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 370.75 m 358 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 356.75 m 358 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 354.75 m 358 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 370.75 m 430 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 356.75 m 430 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 354.75 m 430 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 370.75 m 498 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 356.75 m 498 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 354.75 m 498 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 370.75 m 566 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 356.75 m 566 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 354.75 m 566 354.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 47.50 665.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.20 680.98 Td (For) Tj ET Q q 0 0 0 rg BT 253.57 680.98 Td (eign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.10 672.98 Td (Curr) Tj ET Q q 0 0 0 rg BT 255.36 672.98 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.75 664.98 Td (T) Tj ET Q q 0 0 0 rg BT 239.79 664.98 Td (ranslation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.45 688.98 Td (Unr) Tj ET Q q 0 0 0 rg BT 307.16 688.98 Td (ealized\(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.05 680.98 Td (Gain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.15 672.98 Td (onCash Flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.05 664.98 Td (Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.45 680.98 Td (Unr) Tj ET Q q 0 0 0 rg BT 379.16 680.98 Td (ealized\(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.05 672.98 Td (Gain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.60 664.98 Td (onPensionPlans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.35 696.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.90 688.98 Td (Compr) Tj ET Q q 0 0 0 rg BT 463.27 688.98 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.35 680.98 Td (Loss fr) Tj ET Q q 0 0 0 rg BT 472.06 680.98 Td (om) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.05 672.98 Td (Unconsolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 664.98 Td (Subsidiaries) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.80 688.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.35 680.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.90 672.98 Td (Compr) Tj ET Q q 0 0 0 rg BT 531.20 672.98 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.35 664.98 Td (\(Loss\) Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.50 651.32 Td (Balance at January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.30 650.42 Td (\(27,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 650.47 Td (\(3,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 650.47 Td (\(9,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 650.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 650.42 Td (\(40,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 636.32 Td (Pretax \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.30 635.42 Td (\(69,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 635.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 635.47 Td (\(1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 635.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 635.42 Td (2,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 635.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 635.42 Td (\(69,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 635.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 620.42 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 120.29 620.42 Td (fect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 620.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 620.42 Td (538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.80 620.47 Td (\(561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 620.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 620.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.80 620.42 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 620.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 606.32 Td (Reclassification of unrealized loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 605.42 Td (5,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 605.42 Td (559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 605.42 Td (5,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 591.32 Td (Reclassification of deferred income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 581.37 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 583.47 Td (\(1,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.80 583.47 Td (\(140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 583.42 Td (\(1,91) Tj ET Q q 0 0 0 rg BT 557.13 583.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.50 569.32 Td (Balance at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.30 568.42 Td (\(96,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 568.47 Td (\(932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 568.47 Td (\(7,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 568.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 568.42 Td (\(105,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 554.32 Td (Pretax \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.30 553.42 Td (\(175,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 553.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 553.42 Td (12,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 553.42 Td (7,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 553.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 553.42 Td (\(156,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 553.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 539.32 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 120.38 539.32 Td (fect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 538.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 538.47 Td (\(4,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 538.47 Td (\(2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 538.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 538.42 Td (\(7,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 524.32 Td (Reclassification of unrealized loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 523.42 Td (1,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 523.42 Td (496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 523.42 Td (2,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 509.32 Td (Reclassification of deferred income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 499.37 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 501.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 501.47 Td (\(567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 501.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.80 501.47 Td (\(124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 501.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 501.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 501.42 Td (\(691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 501.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.50 487.32 Td (Balance at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 486.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.30 486.42 Td (\(272,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 486.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 486.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 486.42 Td (8,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 486.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 486.47 Td (\(2,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 486.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 486.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 486.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 486.42 Td (\(267,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 486.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 472.32 Td (Pretax income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 471.42 Td (206,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.30 471.47 Td (\(44,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 471.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 471.42 Td (361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 471.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 471.42 Td (162,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 457.32 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 120.38 457.32 Td (fect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.30 456.42 Td (\(7,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 456.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 456.42 Td (16,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.80 456.47 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 456.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 456.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 456.42 Td (8,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 442.32 Td (Reclassification of unrealized loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 432.37 Td (\(gain\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 434.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 434.42 Td (50,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 434.47 Td (\(3,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 434.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 434.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 434.42 Td (46,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 420.32 Td (Reclassification of deferred income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 410.37 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 412.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.30 412.47 Td (\(18,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 412.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 412.42 Td (659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 412.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 412.42 Td (\(17,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 412.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 398.32 Td (Disposal of business, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 397.42 Td (1,51) Tj ET Q q 0 0 0 rg BT 277.15 397.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 397.47 Td (\(3,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 397.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 397.42 Td (\(1,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 397.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 383.32 Td (Other comprehensive loss of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 373.37 Td (unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 375.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 375.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 375.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 375.47 Td (\(1,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 375.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 375.42 Td (\(1,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 375.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.50 361.32 Td (Balance at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.30 360.42 Td (\(71,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 360.42 Td (1) Tj ET Q q 0 0 0 rg BT 331.65 360.42 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 360.47 Td (\(8,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 360.47 Td (\(1,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 360.42 Td (\(70,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.15 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 338.25 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 311.21 338.25 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.61 338.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.61 338.25 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 338.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.44 338.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.83 338.25 Td ( were reclassified to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (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 413.22 326.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.80 326.25 Td (, 2016 and 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 314.25 Td (. In 2017, we also reclassified gains of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.73 314.25 Td ($9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.12 314.25 Td ( to Interest expense related to our cross currency swaps. ) Tj ET Q q 0 0 0 rg BT 520.32 314.25 Td (Also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (related to our cross currency swaps, we reclassified losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.20 302.25 Td ($57 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.59 302.25 Td ( and gains of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.46 302.25 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.86 302.25 Td ( to Interest and other income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (net in our Consolidated Statements of Income during the years ended December 31, 2017 and 2016, respectively; these gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (and losses of) Tj ET Q q 0 0 0 rg BT 101.48 278.25 Td (fset the impact of the remeasurement of the underlying contracts. ) Tj ET Q q 0 0 0 rg BT 364.26 278.25 Td (The deferred income taxes related to our cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (flow hedges were reclassified from ) Tj ET Q q 0 0 0 rg BT 192.45 266.25 Td (Accumulated other comprehensive income \(loss\) to provision for income taxes.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 9. Long-T) Tj ET Q q 0 0 0 rg BT 116.30 742.25 Td (erm Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (Long-term obligations consist of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 687.75 378.00 -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 49.50 657.75 378.00 -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 49.50 627.75 378.00 -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 49.50 597.75 378.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 597.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 597.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 597.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 557.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 557.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 557.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 557.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 527.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 527.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 527.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 527.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 497.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 497.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 497.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 497.75 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 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 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 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 427.5 557.75 m 492.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 557.75 m 561.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 512.75 m 492.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 512.75 m 561.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 482.75 m 492.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 482.75 m 561.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 482.75 m 492.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 468.75 m 492.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 466.75 m 492.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 482.75 m 561.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 468.75 m 561.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 466.75 m 561.5 466.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 704.98 Td (December) Tj ET Q q 0 0 0 rg BT 505.32 704.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 691.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 691.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 678.32 Td (Senior secured credit agreement:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 663.32 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 663.32 Td (erm loans payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 662.42 Td (704,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 662.42 Td (732,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 648.32 Td (Revolving credit facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 647.42 Td (1,283,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 647.42 Td (1,358,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 633.32 Td (U.S. Notes \(2023\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 632.42 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 632.42 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 618.32 Td (Euro Notes \(2024\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 617.42 Td (600,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 617.42 Td (525,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 603.32 Td (Receivables securitization facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 602.42 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 602.42 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 588.32 Td (Notes payable through October 2025 at weighted average interest rates of 1.4% and 2.1%,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 578.32 Td (respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 588.32 Td (29,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 588.32 Td (1) Tj ET Q q 0 0 0 rg BT 535.15 588.32 Td (1,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 563.32 Td (Other long-term debt at weighted average interest rates of 1.7% and 2.4%, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 562.42 Td (1) Tj ET Q q 0 0 0 rg BT 461.15 562.42 Td (10,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 562.42 Td (37,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 548.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 548.32 Td (otal debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 547.42 Td (3,428,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 547.42 Td (3,365,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 533.32 Td (Less: long-term debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 532.47 Td (\(21,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 532.47 Td (\(21,61) Tj ET Q q 0 0 0 rg BT 552.63 532.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 518.32 Td (Less: current debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 517.47 Td (\(2,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 517.47 Td (\(2,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 503.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 503.32 Td (otal debt, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 502.42 Td (3,403,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 502.42 Td (3,341,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 488.32 Td (Less: current maturities, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 487.47 Td (\(126,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 487.47 Td (\(66,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 473.32 Td (Long term debt, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 472.42 Td (3,277,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 472.42 Td (3,275,662) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 438.25 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 347.61 438.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.20 438.25 Td ( are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 421.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 421.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 391.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 391.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 361.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 361.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 331.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 331.75 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 393 331.75 m 458 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 331.75 m 458 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 317.75 m 458 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 315.75 m 458 315.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 412.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 411.42 Td (129,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 397.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 396.42 Td (146,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 382.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 381.42 Td (40,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 367.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 366.42 Td (38,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 352.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 351.42 Td (36,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 337.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 336.42 Td (3,037,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 321.42 Td (T) Tj ET Q q 0 0 0 rg BT 160.91 321.42 Td (otal debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.12 325.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 321.42 Td (3,428,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 306.42 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 169.48 306.42 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 155.50 296.42 Td (totaling $24 million as of December 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (Senior Secur) Tj ET Q q 0 0 0 rg BT 101.01 266.25 Td (ed Cr) Tj ET Q q 0 0 0 rg BT 123.13 266.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 140.45 266.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 155.08 266.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 248.25 Td (On December 1, 2017, LKQ Corporation, LKQ Delaware LLP) Tj ET Q q 0 0 0 rg BT 336.21 248.25 Td (, and certain other subsidiaries \(collectively) Tj ET Q q 0 0 0 rg BT 509.94 248.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td ("Borrowers"\) entered into ) Tj ET Q q 0 0 0 rg BT 155.63 236.25 Td (Amendment No. 2 to the Fourth ) Tj ET Q q 0 0 0 rg BT 285.90 236.25 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 408.10 236.25 Td (Agreement \("Credit ) Tj ET Q q 0 0 0 rg BT 489.38 236.25 Td (Agreement"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.25 Td (which amended the Fourth ) Tj ET Q q 0 0 0 rg BT 158.87 224.25 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 281.06 224.25 Td (Agreement dated January 29, 2016 by modifying certain terms to \(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td (extend the maturity date by approximately two years to January 29, 2023; \(2\) increase the total availability under the revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.25 Td (credit facility's multicurrency component from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.24 200.25 Td ($2.45 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.35 200.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.13 200.25 Td ($2.75 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.24 200.25 Td (; \(3\) increase the permitted net leverage ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.25 Td (thresholds, including a temporary step-up in the allowable net leverage ratio in the case of permitted acquisitions; \(4\) modify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (the applicable mar) Tj ET Q q 0 0 0 rg BT 123.67 176.25 Td (gins and fees in the pricing grid; \(5\) increase the ability of LKQ and its subsidiaries to incur additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (indebtedness; and \(6\) make other immaterial or clarifying modifications and amendments. ) Tj ET Q q 0 0 0 rg BT 413.04 164.25 Td (The increase in the revolving credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (facility's multicurrency component of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.87 152.25 Td ($300 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.26 152.25 Td ( will be used for general corporate purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 134.25 Td (Amounts under the revolving credit facility are due and payable upon maturity of the Credit ) Tj ET Q q 0 0 0 rg BT 455.61 134.25 Td (Agreement on January 29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (2023. ) Tj ET Q q 0 0 0 rg BT 74.82 122.25 Td (T) Tj ET Q q 0 0 0 rg BT 80.23 122.25 Td (erm loan borrowings, which totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.20 122.25 Td ($705 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.59 122.25 Td ( as of December 31, 2017, are due and payable in quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.25 Td (installments equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.26 110.25 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.66 110.25 Td ( on the last day of each fiscal quarter ending on or after March 31, 2018 and prior to March 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.25 Td (2019 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 98.25 Td ($9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.83 98.25 Td ( on the last day of each fiscal quarter ending on or after March 31, 2019, with the remaining balance due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.25 Td (and payable on January 29, 2023.) 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 86.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.32 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.96 742.10 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 50.00 730.10 Td (the proceeds are not reinvested within twelve months. ) Tj ET Q q 0 0 0 rg BT 267.81 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 276.45 730.10 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 50.00 718.10 Td (Agreement without penalty) Tj ET Q q 0 0 0 rg BT 158.76 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.32 700.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 133.31 700.10 Td (Agreement contains customary representations and warranties and customary covenants that provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (limitations and conditions on our ability to enter into certain transactions. ) Tj ET Q q 0 0 0 rg BT 345.87 688.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 390.86 688.10 Td (Agreement also contains financial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 676.10 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 86.00 658.10 Td (Borrowings under the Credit ) Tj ET Q q 0 0 0 rg BT 202.65 658.10 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 50.00 646.10 Td (the borrowing elected, plus an applicable mar) Tj ET Q q 0 0 0 rg BT 232.25 646.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 249.85 646.10 Td (The applicable mar) Tj ET Q q 0 0 0 rg BT 326.85 646.10 Td (gin is subject to change in increments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.70 646.10 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.53 646.10 Td ( depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 50.00 622.10 Td (depending on the type of borrowing. Including the ef) Tj ET Q q 0 0 0 rg BT 261.71 622.10 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 476.34 622.10 Td (Note 10, "Derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 153.04 610.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.92 610.10 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 50.00 598.10 Td (Agreement at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.64 598.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.66 598.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.09 598.10 Td (2.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.92 598.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.36 598.10 Td (2.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.19 598.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 362.85 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.67 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 376.31 598.10 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 50.00 586.10 Td (average daily unused amount of the revolving credit facilities. ) Tj ET Q q 0 0 0 rg BT 300.29 586.10 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 50.00 574.10 Td (0.025%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.27 574.10 Td (0.05%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.10 574.10 Td ( depending on our net leverage ratio. In addition, we pay a participation commission on outstanding letters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (of credit at an applicable rate based on our net leverage ratio, and a fronting fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.96 562.10 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.79 562.10 Td ( to the issuing bank, which are due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (quarterly in arrears.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 Td (Of the total borrowings outstanding under the Credit ) Tj ET Q q 0 0 0 rg BT 298.19 532.10 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.61 532.10 Td ($18 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 532.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.44 532.10 Td ($37 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.83 532.10 Td ( were classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (current maturities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.02 520.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.04 520.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 303.71 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.15 520.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.60 520.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.18 520.10 Td (, there were letters of credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (outstanding in the aggregate amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 508.10 Td ($71 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.24 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 260.06 508.10 Td (The amounts available under the revolving credit facilities are reduced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (the amounts outstanding under letters of credit, and thus availability under the revolving credit facilities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.38 496.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.96 496.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 484.10 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.17 484.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (Related to the execution of ) Tj ET Q q 0 0 0 rg BT 195.69 466.10 Td (Amendment No. 2 to the Fourth ) Tj ET Q q 0 0 0 rg BT 325.96 466.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 448.15 466.10 Td (Agreement in December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2017, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.98 454.10 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.37 454.10 Td ( of fees, the majority of which were capitalized as an of) Tj ET Q q 0 0 0 rg BT 388.32 454.10 Td (fset to Long-T) Tj ET Q q 0 0 0 rg BT 445.38 454.10 Td (erm Obligations and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (amortized over the term of the agreement. ) Tj ET Q q 0 0 0 rg BT 220.30 442.10 Td (The amount recorded as a loss on debt extinguishment in the Consolidated Statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (of Income for the year ended December 31, 2017 was primarily related to the write-of) Tj ET Q q 0 0 0 rg BT 393.85 430.10 Td (f of capitalized debt issuance costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (related to our ) Tj ET Q q 0 0 0 rg BT 105.63 418.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 129.79 418.10 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 251.99 418.10 Td (Agreement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (U.S. Notes \(2023\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 374.10 Td (In 2013, we issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.49 374.10 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.88 374.10 Td ( aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.11 374.10 Td (4.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.94 374.10 Td ( senior notes due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.93 374.10 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.93 374.10 Td ( \(the "U.S. Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (\(2023\)"\). ) Tj ET Q q 0 0 0 rg BT 88.89 362.10 Td (The U.S. Notes \(2023\) are governed by the Indenture dated as of May 9, 2013 among LKQ Corporation, certain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (our subsidiaries \(the "Guarantors"\) and U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 289.23 350.10 Td (Association, as trustee. ) Tj ET Q q 0 0 0 rg BT 383.75 350.10 Td (The U.S. Notes \(2023\) are registered under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (the Securities ) Tj ET Q q 0 0 0 rg BT 106.10 338.10 Td (Act of 1933. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 320.10 Td (The U.S. Notes \(2023\) bear interest at a rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.93 320.10 Td (4.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.76 320.10 Td ( per year from the most recent payment date on which interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (has been paid or provided for) Tj ET Q q 0 0 0 rg BT 166.91 308.10 Td (. Interest on the U.S. Notes \(2023\) is payable in arrears on May 15 and November 15 of each year) Tj ET Q q 0 0 0 rg BT 557.90 308.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (The U.S. Notes \(2023\) are fully and unconditionally guaranteed, jointly and severally) Tj ET Q q 0 0 0 rg BT 391.48 296.10 Td (, by the Guarantors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 278.10 Td (The U.S. Notes \(2023\) and the guarantees are, respectively) Tj ET Q q 0 0 0 rg BT 321.10 278.10 Td (, LKQ Corporation's and each Guarantor's senior unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (that secured debt. In addition, the U.S. Notes \(2023\) are ef) Tj ET Q q 0 0 0 rg BT 283.64 254.10 Td (fectively subordinated to all of the liabilities of our subsidiaries that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (are not guaranteeing the U.S. Notes \(2023\) to the extent of the assets of those subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (Repayment of Rhiag ) Tj ET Q q 0 0 0 rg BT 133.41 216.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 160.25 216.10 Td (ed Debt and Debt Related Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 198.10 Td (On March 24, 2016, LKQ Netherlands B.V) Tj ET Q q 0 0 0 rg BT 258.29 198.10 Td (., a wholly-owned subsidiary of LKQ Corporation, borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.63 198.10 Td (508 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.02 198.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (under our multi-currency revolving credit facility to repay the debt and debt related liabilities assumed as part of our acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (of Rhiag. ) Tj ET Q q 0 0 0 rg BT 89.54 174.10 Td (The borrowed funds were 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 502.19 174.10 Td ($520 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.58 174.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 162.10 Td (465 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 162.10 Td (\) for the principal of 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 492.94 162.10 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.33 162.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.16 162.10 Td (7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 150.10 Td (\) on the notes, \(iii\) the call premium of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.63 150.10 Td ($24 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.02 150.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.85 150.10 Td (21 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.24 150.10 Td (\) associated with early redemption of the notes and \(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 138.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.22 138.10 Td (4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.61 138.10 Td (\) to terminate Rhiag) Tj ET Q q 0 0 0 rg BT 221.65 138.10 Td (s outstanding interest rate swap related to the floating rate portion of the notes. ) Tj ET Q q 0 0 0 rg BT 538.32 138.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (call premium is recorded as a 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 50.00 100.10 Td (Eur) Tj ET Q q 0 0 0 rg BT 64.63 100.10 Td (o Notes \(2024\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 82.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 82.10 Td (April 14, 2016, LKQ Italia Bondco S.p.A. \(LKQ Italia\), an indirect, wholly-owned subsidiary of LKQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Corporation, completed an of) Tj ET Q q 0 0 0 rg BT 167.56 70.10 Td (fering of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.77 70.10 Td (500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.16 70.10 Td ( aggregate principal amount of senior notes due ) Tj ET Q q 0 0 0 rg BT 448.33 70.10 Td (April1, 2024 \(the Euro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Notes \(2024\)\) in a private placement conducted pursuant to Regulation S and Rule 144A) Tj ET Q q 0 0 0 rg BT 409.08 58.10 Td ( under the Securities ) Tj ET Q q 0 0 0 rg BT 492.94 58.10 Td (Act of 1933. ) Tj ET Q q 0 0 0 rg BT 545.53 58.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (proceeds from the of) Tj ET Q q 0 0 0 rg BT 132.84 46.10 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 46.10 Td (Agreement and to pay ) 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 50.00 742.10 Td (related fees and expenses. ) Tj ET Q q 0 0 0 rg BT 156.16 742.10 Td (The Euro Notes \(2024\) are governed by the Indenture dated as of ) Tj ET Q q 0 0 0 rg BT 418.84 742.10 Td (April 14, 2016 \(the Indenture\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (among the LKQ Italia, LKQ Corporation and certain of our subsidiaries \(the Euro Notes \(2024\) Subsidiaries\), the trustee, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the paying agent, transfer agent, and registrar) Tj ET Q q 0 0 0 rg BT 230.48 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 700.10 Td (The Euro Notes \(2024\) bear interest at a rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.59 700.10 Td (3.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.42 700.10 Td ( per year from the date of original issuance or from the most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (recent payment date on which interest has been paid or provided for) Tj ET Q q 0 0 0 rg BT 321.29 688.10 Td (. Interest on the Euro Notes \(2024\) is payable in arrears on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (April 1 and October 1 of each year) Tj ET Q q 0 0 0 rg BT 188.55 676.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.37 676.10 Td (The Euro Notes \(2024\) are fully and unconditionally guaranteed by LKQ Corporation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (the Euro Notes \(2024\) Subsidiaries \(the "Euro Notes \(2024\) Guarantors"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (The Euro Notes \(2024\) and the guarantees are, respectively) Tj ET Q q 0 0 0 rg BT 322.75 646.10 Td (, the LKQ Italia) Tj ET Q q 0 0 0 rg BT 388.84 646.10 Td (s and each Euro Notes \(2024\) Guarantor) Tj ET Q q 0 0 0 rg BT 550.82 646.10 Td () Tj ET Q q 0 0 0 rg BT 553.60 646.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (senior unsecured obligations and are subordinated to all of the LKQ Italia's and the Euro Notes \(2024\) Guarantors) Tj ET Q q 0 0 0 rg BT 508.43 634.10 Td ( existing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (future secured debt to the extent of the assets securing that secured debt. In addition, the Euro Notes \(2024\) are ef) Tj ET Q q 0 0 0 rg BT 504.11 622.10 Td (fectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (subordinated to all of the liabilities of our subsidiaries that are not guaranteeing the Euro Notes \(2024\) to the extent of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (assets of those subsidiaries. ) Tj ET Q q 0 0 0 rg BT 162.30 598.10 Td (The Euro Notes \(2024\) have been listed on the ExtraMOT) Tj ET Q q 0 0 0 rg BT 394.55 598.10 Td (, Professional Segment of the Borsa Italia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (S.p.A. securities exchange and the Global Exchange Market of the Irish Stock Exchange.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 568.10 Td (Related to the execution of the Euro Notes \(2024\) in ) Tj ET Q q 0 0 0 rg BT 297.61 568.10 Td (April 2016, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.20 568.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.59 568.10 Td ( of fees which were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (capitalized as an of) Tj ET Q q 0 0 0 rg BT 126.72 556.10 Td (fset to Long-T) Tj ET Q q 0 0 0 rg BT 183.79 556.10 Td (erm Obligations and are amortized over the term of the Euro Notes \(2024\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (Restricted Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 512.10 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 50.00 500.10 Td (or other distributions of assets. Based on limitations in ef) Tj ET Q q 0 0 0 rg BT 278.13 500.10 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 50.00 488.10 Td (indentures, the maximum amount of dividends we could pay as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.61 488.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.20 488.10 Td ( was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.01 488.10 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.12 488.10 Td (.) Tj ET Q q 0 0 0 rg BT 526.94 488.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 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 50.00 450.10 Td (Receivables Securitization Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 432.10 Td (On November 29, 2016, we amended the terms of our receivables securitization facility with ) Tj ET Q q 0 0 0 rg BT 459.03 432.10 Td (The Bank of ) Tj ET Q q 0 0 0 rg BT 511.34 432.10 Td (T) Tj ET Q q 0 0 0 rg BT 516.75 432.10 Td (okyo-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (Mitsubishi UFJ, L) Tj ET Q q 0 0 0 rg BT 122.15 420.10 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 50.00 408.10 Td (available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 408.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.26 408.10 Td (; and \(iii\) make other clarifying and updating changes. Under the facility) Tj ET Q q 0 0 0 rg BT 440.06 408.10 Td (, LKQ sells an ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 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 50.00 384.10 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 50.00 372.10 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 50.00 360.10 Td (operations of the Company) Tj ET Q q 0 0 0 rg BT 157.94 360.10 Td (.) Tj ET Q BT /F1 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 (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 50.00 330.10 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 50.00 318.10 Td (investors and/or financial institutions \(the "Purchasers"\). ) Tj ET Q q 0 0 0 rg BT 278.77 318.10 Td (The receivables are held by LKQ Receivables Finance Company) Tj ET Q q 0 0 0 rg BT 537.47 318.10 Td (, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 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 50.00 294.10 Td (first to satisfy the creditors of LRFC, including the Purchasers. ) Tj ET Q q 0 0 0 rg BT 303.30 294.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.74 294.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.32 294.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.76 294.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.76 294.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.76 294.10 Td ($144 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 294.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.59 294.10 Td ($140 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 282.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 282.10 Td (, of net receivables were collateral for the investment under the receivables facility) Tj ET Q q 0 0 0 rg BT 461.58 282.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 264.10 Td (Under the receivables facility) Tj ET Q q 0 0 0 rg BT 203.35 264.10 Td (, we pay variable interest rates plus a mar) Tj ET Q q 0 0 0 rg BT 368.93 264.10 Td (gin on the outstanding amounts invested by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (Purchasers. ) Tj ET Q q 0 0 0 rg BT 98.14 252.10 Td (The variable rates are based on \(i\) commercial paper rates, \(ii\) the LIBOR, or \(iii\) base rates, and are payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (monthly in arrears. ) Tj ET Q q 0 0 0 rg BT 128.13 240.10 Td (The commercial paper rate is the applicable variable rate unless conduit investors are not available to invest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (in the receivables at commercial paper rates. In such case, financial institutions will invest at the LIBOR rate or at base rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 216.10 Td (e also pay a commitment fee on the excess of the investment maximum over the average daily outstanding investment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (payable monthly in arrears. ) Tj ET Q q 0 0 0 rg BT 161.35 204.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.80 204.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.38 204.10 Td (, the interest rate under the receivables facility was based on commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (paper rates and was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.07 192.10 Td (2.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.90 192.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.72 192.10 Td (The outstanding balances of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.69 192.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.08 192.10 Td ( as of both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.52 192.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.10 192.10 Td ( and 2016, were classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (long-term on the Consolidated Balance Sheets because we have the ability and intent to refinance these borrowings on a long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (term basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (Note 10. Derivative Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 250.83 144.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 126.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 126.10 Td (e are exposed to market risks, including the ef) Tj ET Q q 0 0 0 rg BT 278.56 126.10 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 50.00 114.10 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 50.00 102.10 Td (senior secured debt and changing foreign exchange rates for certain foreign currency denominated transactions. ) Tj ET Q q 0 0 0 rg BT 498.24 102.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.88 102.10 Td (e do not hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (or issue derivatives for trading purposes.) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (93) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Cash Flow Hedges) 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 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 50.00 712.10 Td (borrowings under our Credit ) Tj ET Q q 0 0 0 rg BT 166.09 712.10 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 50.00 700.10 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 50.00 688.10 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 489.79 688.10 Td (s notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 84.81 676.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 110.45 676.10 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 485.02 676.10 Td (Accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Other Comprehensive \(Loss\) Income 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 50.00 652.10 Td (on earnings. ) Tj ET Q q 0 0 0 rg BT 101.20 652.10 Td (The inef) Tj ET Q q 0 0 0 rg BT 134.61 652.10 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 50.00 640.10 Td (expense. Our interest rate swap contracts have maturity dates ranging from January to June 2021. ) Tj ET Q q 0 0 0 rg BT 441.27 640.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.71 640.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 640.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (held interest rate swap contracts representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.71 628.10 Td ($590 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.10 628.10 Td ( of U.S. dollar) Tj ET Q q 0 0 0 rg BT 340.83 628.10 Td (-denominated debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 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 50.00 598.10 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 50.00 586.10 Td (flows. Under the terms of the foreign currency forward contracts, we will sell the foreign currency in exchange for U.S. dollars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (at a fixed rate on the maturity dates of the contracts. ) Tj ET Q q 0 0 0 rg BT 260.29 574.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 285.93 574.10 Td (fective portion of the changes in fair value of the foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (forward contracts is recorded in ) Tj ET Q q 0 0 0 rg BT 179.12 562.10 Td (Accumulated Other Comprehensive \(Loss\) Income and reclassified to interest and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (income, net when the underlying transaction has an impact on earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 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 460.04 532.10 Td ($422 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.43 532.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.26 532.10 Td (400 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 520.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 87.04 520.10 Td (The notional amount steps down by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.58 520.10 Td (15 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.97 520.10 Td ( annually through 2020withthe remaindermaturingin January 2021. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (These cross currency swaps 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 50.00 496.10 Td (combined with related intercompany financing arrangements, ef) Tj ET Q q 0 0 0 rg BT 306.11 496.10 Td (fectively convert variable rate U.S. dollar) Tj ET Q q 0 0 0 rg BT 471.67 496.10 Td (-denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (borrowings into fixed rate euro-denominated borrowings. ) Tj ET Q q 0 0 0 rg BT 282.26 484.10 Td (The swaps are intended to minimize the impact of fluctuating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (exchange rates and interest rates on the cash flows resulting from the related intercompany financing arrangements. ) Tj ET Q q 0 0 0 rg BT 514.37 472.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 460.10 Td (fective portion of the changes in the fair value of the derivative instruments is recorded in ) Tj ET Q q 0 0 0 rg BT 418.02 460.10 Td (Accumulated Other Comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (\(Loss\) Income and is reclassified to interest expense and interest and other income, net when the underlying transactions have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (an impact on earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 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 50.00 406.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 406.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 406.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 406.10 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 230.24 406.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 73.00 339.60 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 339.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 339.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 339.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 339.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 339.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 339.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 339.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 339.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.00 309.60 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 309.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 309.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 309.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 309.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 309.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 309.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 309.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 309.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 73.00 279.60 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 279.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 279.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 279.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 279.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 279.60 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 200 365.6 m 254 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 365.6 m 258 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 365.6 m 312 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 365.6 m 368 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 365.6 m 418 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 365.6 m 480 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 365.6 m 538 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 365.6 m 254 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 339.6 m 254 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 365.6 m 258 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 365.6 m 312 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 339.6 m 312 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 339.6 m 368 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 339.6 m 418 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 365.6 m 480 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 339.6 m 480 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 365.6 m 538 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 339.6 m 538 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 279.6 m 368 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 279.6 m 418 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 279.6 m 480 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 279.6 m 538 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 265.6 m 368 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 263.6 m 368 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 279.6 m 418 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 265.6 m 418 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 263.6 m 418 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 279.6 m 480 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 265.6 m 480 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 263.6 m 480 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 279.6 m 538 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 265.6 m 538 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 263.6 m 538 263.6 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 226.05 369.83 Td (Notional) Tj ET Q q 0 0 0 rg BT 257.17 369.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.05 377.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 334.64 377.83 Td ( ) Tj ET Q q 0 0 0 rg BT 336.49 377.83 Td (V) Tj ET Q q 0 0 0 rg BT 341.83 377.83 Td (alue at December) Tj ET Q q 0 0 0 rg BT 400.92 377.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.80 369.83 Td (2017 \(USD\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.05 377.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 449.64 377.83 Td ( ) Tj ET Q q 0 0 0 rg BT 451.49 377.83 Td (V) Tj ET Q q 0 0 0 rg BT 456.83 377.83 Td (alue at December) Tj ET Q q 0 0 0 rg BT 515.92 377.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 369.83 Td (2016 \(USD\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.25 351.83 Td (December) Tj ET Q q 0 0 0 rg BT 237.82 351.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.50 343.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.25 351.83 Td (December) Tj ET Q q 0 0 0 rg BT 295.82 351.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.50 343.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.90 343.83 Td (Other) Tj ET Q q 0 0 0 rg BT 340.27 343.83 Td ( ) Tj ET Q q 0 0 0 rg BT 341.97 343.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.35 357.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 349.68 Td (Noncurr) Tj ET Q q 0 0 0 rg BT 403.81 349.68 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.35 341.73 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.90 343.83 Td (Other) Tj ET Q q 0 0 0 rg BT 451.27 343.83 Td ( ) Tj ET Q q 0 0 0 rg BT 452.97 343.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.35 357.68 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.55 349.68 Td (Noncurr) Tj ET Q q 0 0 0 rg BT 519.73 349.68 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 341.73 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 331.68 Td (Inter) Tj ET Q q 0 0 0 rg BT 92.76 331.68 Td (est rate swap agr) Tj ET Q q 0 0 0 rg BT 150.60 331.68 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 315.17 Td (USD denominated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.50 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 315.17 Td (590,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 315.17 Td (590,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 314.27 Td (19,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 314.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 314.27 Td (16,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 314.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 301.68 Td (Cr) Tj ET Q q 0 0 0 rg BT 84.68 301.68 Td (oss curr) Tj ET Q q 0 0 0 rg BT 111.87 301.68 Td (ency swap agr) Tj ET Q q 0 0 0 rg BT 160.16 301.68 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 285.17 Td (USD/euro) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.50 285.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 285.17 Td (406,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 285.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 285.17 Td (422,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 285.17 Td (5,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.60 285.17 Td (61,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 285.17 Td (1,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.65 285.17 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.10 270.17 Td (T) Tj ET Q q 0 0 0 rg BT 151.51 270.17 Td (otal cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 269.27 Td (24,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.60 269.27 Td (61,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 269.27 Td (17,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.65 269.27 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 247.10 Td (While certain derivative instruments executed with the same counterparty are subject to master netting arrangements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (we 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 483.05 235.10 Td (The impact of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (netting the fair values of these contracts would not have a material ef) Tj ET Q q 0 0 0 rg BT 325.83 223.10 Td (fect on our Consolidated Balance Sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.94 223.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 211.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.33 211.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 211.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 193.10 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 320.10 193.10 Td (Note 8, "Accumulated Other Comprehensive Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (\(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.55 181.10 Td (." Inef) Tj ET Q q 0 0 0 rg BT 100.55 181.10 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 476.83 181.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.83 181.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.83 181.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.83 181.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 169.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.82 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 169.10 Td (e do not expect future inef) Tj ET Q q 0 0 0 rg BT 188.51 169.10 Td (fectiveness related to our cash flow hedges to have a material ef) Tj ET Q q 0 0 0 rg BT 444.05 169.10 Td (fect on our results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 139.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 139.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.03 139.10 Td (, we estimate that less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.72 139.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.11 139.10 Td ( of derivative losses \(net of tax\) included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (Accumulated Other Comprehensive Income \(Loss\) will be reclassified into our Consolidated Statements of Income within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.72 115.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.72 115.10 Td ( months. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (Other Derivative Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 71.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 71.10 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 59.10 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 59.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 47.10 Td (e have elected not to apply hedge accounting for these transactions, and therefore the contracts are adjusted to fair value ) Tj ET Q 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 50.00 742.10 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 493.31 742.10 Td (The notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (amount and fair value of these contracts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 730.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.18 730.10 Td (, along with the ef) Tj ET Q q 0 0 0 rg BT 412.48 730.10 Td (fect on our results of operations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 718.10 Td (, were immaterial. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.94 694.10 Td (1. Fair) Tj ET Q q 0 0 0 rg BT 107.58 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.90 694.10 Td (V) Tj ET Q q 0 0 0 rg BT 116.21 694.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 169.07 694.10 Td (ements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 91.20 677.10 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 209.44 677.10 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 256.94 677.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 659.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 659.10 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 50.00 647.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 647.10 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 50.00 635.10 Td (liabilities that we have historically recorded at fair value. ) Tj ET Q q 0 0 0 rg BT 280.28 635.10 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 50.00 623.10 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 50.00 611.10 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 50.00 599.10 Td (market data exists, therefore requiring an entity to develop its own assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 581.10 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 50.00 569.10 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 493.73 569.10 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 557.10 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 520.60 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 520.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 520.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 520.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 520.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 491.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 491.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 491.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 491.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 491.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 461.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 432.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 432.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 432.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 432.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 432.60 65.00 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533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 520.6 m 339.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 520.6 m 408.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 520.6 m 477.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 520.6 m 546.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 461.6 m 339.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 461.6 m 408.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 461.6 m 477.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 461.6 m 546.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 447.6 m 339.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 445.6 m 339.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 447.6 m 408.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 445.6 m 408.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 447.6 m 477.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 445.6 m 477.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 447.6 m 546.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 445.6 m 546.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 387.6 m 339.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 387.6 m 408.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 387.6 m 477.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 387.6 m 546.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 373.6 m 339.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 371.6 m 339.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 373.6 m 408.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 371.6 m 408.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 373.6 m 477.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 371.6 m 477.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 373.6 m 546.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 371.6 m 546.5 371.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 524.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.05 538.68 Td (Balance as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 530.68 Td (December) Tj ET Q q 0 0 0 rg BT 317.82 530.68 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 522.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 537.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 373.09 537.83 Td ( ) Tj ET Q q 0 0 0 rg BT 374.94 537.83 Td (V) Tj ET Q q 0 0 0 rg BT 380.28 537.83 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 422.28 537.83 Td (ements as of December) Tj ET Q q 0 0 0 rg BT 500.55 537.83 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.15 524.83 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.15 524.83 Td (Level2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.15 524.83 Td (Level3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 511.33 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 497.17 Td (Cash surrender value of life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 496.27 Td (45,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 496.27 Td (45,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 482.17 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 481.27 Td (19,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 481.27 Td (19,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 467.17 Td (Cross currency swap agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 466.27 Td (5,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 467.17 Td (5,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 452.17 Td (T) Tj ET Q q 0 0 0 rg BT 72.76 452.17 Td (otal ) Tj ET Q q 0 0 0 rg BT 89.63 452.17 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 451.27 Td (70,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 451.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 451.27 Td (70,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 451.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 437.33 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 423.17 Td (Contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 422.27 Td (2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 422.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 422.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 422.27 Td (2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 408.17 Td (Deferred compensation liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 407.27 Td (47,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 407.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 407.27 Td (47,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 407.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 393.17 Td (Cross currency swap agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 392.27 Td (61,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 392.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 392.27 Td (61,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 392.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 378.17 Td (T) Tj ET Q q 0 0 0 rg BT 72.41 378.17 Td (otal Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 377.27 Td (1) Tj ET Q q 0 0 0 rg BT 308.15 377.27 Td (1) Tj ET Q q 0 0 0 rg BT 313.15 377.27 Td (1,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 377.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 377.27 Td (108,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 377.27 Td (2,636) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 336.60 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 307.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 277.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 277.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 277.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 277.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 248.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 248.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 248.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 248.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 248.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 248.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 248.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 248.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.50 218.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 218.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 218.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 218.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 218.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 218.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 218.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 218.60 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 343.5 349.6 m 408.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 349.6 m 412.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 349.6 m 477.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 349.6 m 481.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 349.6 m 546.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 336.6 m 339.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 336.6 m 408.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 336.6 m 477.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 336.6 m 546.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 277.6 m 339.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 277.6 m 408.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 277.6 m 477.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 277.6 m 546.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 263.6 m 339.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 261.6 m 339.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 263.6 m 408.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 261.6 m 408.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 263.6 m 477.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 261.6 m 477.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 263.6 m 546.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 261.6 m 546.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 203.60000000000002 m 339.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 203.60000000000002 m 408.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 203.60000000000002 m 477.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 203.60000000000002 m 546.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 189.60000000000002 m 339.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 187.60000000000002 m 339.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 189.60000000000002 m 408.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 187.60000000000002 m 408.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 189.60000000000002 m 477.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 187.60000000000002 m 477.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 189.60000000000002 m 546.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 187.60000000000002 m 546.5 187.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.00 340.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.05 354.68 Td (Balance as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 346.68 Td (December) Tj ET Q q 0 0 0 rg BT 317.82 346.68 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 338.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 353.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 373.09 353.83 Td ( ) Tj ET Q q 0 0 0 rg BT 374.94 353.83 Td (V) Tj ET Q q 0 0 0 rg BT 380.28 353.83 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 422.28 353.83 Td (ements as of December) Tj ET Q q 0 0 0 rg BT 500.55 353.83 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.15 340.83 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.15 340.83 Td (Level2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.15 340.83 Td (Level3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 327.33 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 313.17 Td (Cash surrender value of life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 312.27 Td (36,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 312.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 312.27 Td (36,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 312.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 298.17 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 297.27 Td (16,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 297.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 297.27 Td (16,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 297.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 283.17 Td (Cross currency swap agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 282.27 Td (1,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 282.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 282.27 Td (1,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 282.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 268.17 Td (T) Tj ET Q q 0 0 0 rg BT 72.76 268.17 Td (otal ) Tj ET Q q 0 0 0 rg BT 89.63 268.17 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 267.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 267.27 Td (54,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 267.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 267.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 267.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 267.27 Td (54,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 267.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 267.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.00 253.33 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 239.17 Td (Contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 238.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 238.27 Td (3,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 238.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 238.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 238.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 238.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 238.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 238.27 Td (3,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 224.17 Td (Deferred compensation liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 223.27 Td (36,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 223.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 223.27 Td (36,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 223.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 209.17 Td (Cross currency swap agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 208.27 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 208.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 208.27 Td (3,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 208.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 194.17 Td (T) Tj ET Q q 0 0 0 rg BT 72.41 194.17 Td (otal Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 193.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 193.27 Td (43,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 193.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 193.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 193.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 193.27 Td (39,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 193.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 193.27 Td (3,162) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 171.10 Td (The cash surrender value of life insurance is included in Other assets on our Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 512.91 171.10 Td (The current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (portion of deferred compensation is included in ) Tj ET Q q 0 0 0 rg BT 241.89 159.10 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 50.00 147.10 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 50.00 135.10 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 50.00 123.10 Td (the related payments. ) Tj ET Q q 0 0 0 rg BT 137.56 123.10 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 50.00 111.10 Td (presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.09 111.10 Td (Note 10, "Derivative Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 289.86 111.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.74 111.10 Td (.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 93.10 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 93.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.89 93.10 Td (e obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 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 69.10 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 57.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 57.10 Td (e value our derivative instruments using a third party valuation model that performs a discounted cash flow analysis based on ) Tj ET Q 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 (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 50.00 730.10 Td (foreign exchange rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (Our contingent consideration liabilities are related to our business acquisitions. Under the terms of the contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (consideration agreements, payments may be made at specified future dates depending on the performance of the acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (business subsequent to the acquisition. ) Tj ET Q q 0 0 0 rg BT 207.03 688.10 Td (The liabilities for these payments are classified as Level 3 liabilities because the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (fair value measurement, which is determined using an income approach, includes significant inputs not observable in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (market. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 91.20 638.10 Td (Assets and Liabilities Not Measur) Tj ET Q q 0 0 0 rg BT 226.39 638.10 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 273.89 638.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 620.10 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 482.56 620.10 Td (December 31, 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 608.10 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 480.12 608.10 Td ($2.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.23 608.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 596.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 148.77 596.10 Td (. In addition, based on market conditions, the fair values of the outstanding borrowings under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.10 Td (receivables facility reasonably approximated the carrying values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 584.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.39 584.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 584.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.63 584.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 555.29 584.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 572.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 572.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 572.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 572.10 Td (, the fair values of the U.S. Notes \(2023\) were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.61 572.10 Td ($615 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.01 572.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.44 572.10 Td ($599 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 560.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 560.10 Td (, compared to a carrying value of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.49 560.10 Td (600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.89 560.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.33 560.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.78 560.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.36 560.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 560.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.80 560.10 Td (, the fair values of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (Euro Notes \(2024\) were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.12 548.10 Td ($658 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.51 548.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.95 548.10 Td ($561 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.34 548.10 Td ( compared to carrying values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.73 548.10 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.12 548.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.56 548.10 Td ($526 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 536.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 536.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 518.10 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 50.00 506.10 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 50.00 494.10 Td (including interest rates on recent financing transactions with similar terms and maturities. ) Tj ET Q q 0 0 0 rg BT 410.55 494.10 Td (W) Tj ET Q q 0 0 0 rg BT 419.19 494.10 Td (e estimated the fair value by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 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 350.72 482.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 482.10 Td ( to assume these obligations. ) Tj ET Q q 0 0 0 rg BT 546.33 482.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (fair value of our U.S. Notes \(2023\) is classified as Level 1 within the fair value hierarchy since it is determined based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (observable market inputs including quoted market prices in an active market. ) Tj ET Q q 0 0 0 rg BT 360.83 458.10 Td (The fair value of our Euro Notes \(2024\) is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (determined based upon observable market inputs including quoted market prices in a market that is not active, and therefore is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (classified as Level 2 within the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 254.27 434.10 Td (.) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 12. Commitments and Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Operating Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 707.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 707.25 Td (e are obligated under noncancelable operating leases for corporate of) Tj ET Q q 0 0 0 rg BT 370.16 707.25 Td (fice space, warehouse and distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.25 Td (facilities, trucks and certain equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 677.25 Td (In the second quarter of 2017, we entered into a lease for of) Tj ET Q q 0 0 0 rg BT 324.33 677.25 Td (fice space to be constructed for our field support center in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (Nashville, ) Tj ET Q q 0 0 0 rg BT 93.14 665.25 Td (T) Tj ET Q q 0 0 0 rg BT 98.55 665.25 Td (ennessee. ) Tj ET Q q 0 0 0 rg BT 138.91 665.25 Td (The commencement date is scheduled for the fourth quarter of 2018, with a lease term of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.39 665.25 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.39 665.25 Td (years and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (the option to renew and extend the lease for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.44 653.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.42 653.25 Td ( consecutive renewal terms of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.32 653.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.86 653.25 Td (years each. Rent will escalate annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 641.25 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.33 641.25 Td (over the prior year's rent. Under the lease, we can exercise an early purchase option after the first year of the lease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 623.25 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 335.65 623.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.23 623.25 Td ( are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 612.75 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 582.75 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 582.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 552.75 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 552.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 522.75 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 522.75 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 438 507.75 m 503 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 507.75 m 503 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 493.75 m 503 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 491.75 m 503 491.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 603.32 Td (Y) Tj ET Q q 0 0 0 rg BT 116.72 603.32 Td (ears ending December 31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 588.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 587.42 Td (235,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 573.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 572.42 Td (192,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 558.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 557.42 Td (155,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 543.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 542.42 Td (1) Tj ET Q q 0 0 0 rg BT 471.65 542.42 Td (17,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 528.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 527.42 Td (93,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 513.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 512.42 Td (562,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 498.32 Td (Future Minimum Lease Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 497.42 Td (1,357,065) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.25 Td (Rental expense for operating leases was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.42 475.25 Td ($247 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.81 475.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.81 475.25 Td ($212 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.21 475.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.64 475.25 Td ($168 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.04 475.25 Td ( during the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.96 463.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 463.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.96 463.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 463.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.40 463.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.40 463.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 272.06 463.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 445.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 445.25 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 462.10 445.25 Td (The residual values ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 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 50.00 421.25 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 445.65 421.25 Td (, if the lessor realizes more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 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 50.00 397.25 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 334.34 397.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.92 397.25 Td (, our portion of the guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (residual value would have totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.16 385.25 Td ($67 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.55 385.25 Td (. ) Tj ET Q q 0 0 0 rg BT 298.37 385.25 Td (W) Tj ET Q q 0 0 0 rg BT 307.01 385.25 Td (e have not recorded a liability for the guaranteed residual value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (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 50.00 361.25 Td (approximate the guaranteed residual value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (Litigation and Related Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 311.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 311.25 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 50.00 299.25 Td (environmental and pollution control laws and regulations incident to the ordinary course of business. ) Tj ET Q q 0 0 0 rg BT 455.56 299.25 Td (W) Tj ET Q q 0 0 0 rg BT 464.20 299.25 Td (e currently expect that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (the resolution of such contingencies will not materially af) Tj ET Q q 0 0 0 rg BT 280.31 287.25 Td (fect our financial position, results of operations or cash flows.) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (97) 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 (Y) Tj ET Q q 0 0 0 rg BT 420.53 704.98 Td (ear) Tj ET Q q 0 0 0 rg BT 431.12 704.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 491.85 704.98 Td ( 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 691.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 691.98 Td (2015) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 662.42 Td (196,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 662.42 Td (159,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 662.42 Td (138,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 648.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 647.42 Td (27,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 647.42 Td (27,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 647.42 Td (25,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 633.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 632.42 Td (58,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 632.42 Td (45,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 632.42 Td (32,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 617.42 Td (282,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 617.42 Td (232,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 617.42 Td (197,315) 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 388.80 587.47 Td (\(37,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 587.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 587.42 Td (1,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 587.42 Td (22,233) 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 (4,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 572.42 Td (2,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 572.42 Td (1,212) 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 (\(13,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 557.47 Td (\(14,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 557.47 Td (\(1,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 557.42 Td (\)) 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 (\(46,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 542.42 Td (\)) 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 457.80 542.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 466.13 542.47 Td (1,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 542.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 542.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 542.42 Td (22,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 528.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 527.42 Td (235,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 527.42 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 527.42 Td (219,703) 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 (Y) Tj ET Q q 0 0 0 rg BT 420.53 473.98 Td (ear) Tj ET Q q 0 0 0 rg BT 431.12 473.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 491.85 473.98 Td ( 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 460.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 460.98 Td (2015) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 446.42 Td (575,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 446.42 Td (513,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 446.42 Td (478,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 432.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 431.42 Td (191,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 431.42 Td (163,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 431.42 Td (170,21) Tj ET Q q 0 0 0 rg BT 552.65 431.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 416.42 Td (766,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 416.42 Td (677,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 416.42 Td (649,030) 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 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 237.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 237.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 237.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 237.75 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 427.5 222.75 m 492.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 222.75 m 561.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 222.75 m 423.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 208.75 m 423.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 206.75 m 423.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 222.75 m 492.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 208.75 m 492.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 206.75 m 492.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 222.75 m 561.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 208.75 m 561.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 206.75 m 561.5 206.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 374.98 Td (Y) Tj ET Q q 0 0 0 rg BT 420.53 374.98 Td (ear) Tj ET Q q 0 0 0 rg BT 431.12 374.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 491.85 374.98 Td ( 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 361.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 361.98 Td (2015) 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 (U.S. federal tax reform - federal deferred tax rate change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 332.42 Td (\(9.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 332.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 332.42 Td () 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 539.30 332.42 Td () 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 (U.S. federal tax reform - transition tax on foreign earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 317.42 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 317.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 317.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 317.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 317.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 317.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 303.32 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 398.80 302.42 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 302.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 302.42 Td (2.7) 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 536.80 302.42 Td (2.9) 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 (Impact of rates on international operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 287.42 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 287.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 287.42 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 287.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.45 287.42 Td (\(4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 287.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 273.32 Td (Notional interest deductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 272.42 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 272.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 272.42 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 272.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 272.42 Td () 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 (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 258.33 262.85 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 257.42 Td (\(1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 257.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 257.42 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 257.42 Td (\)%) 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 52.00 243.32 Td (Non-deductible expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 242.42 Td (1.1) 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 467.80 242.42 Td (1.3) 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 536.80 242.42 Td (0.8) 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 q 0 0 0 rg BT 52.00 228.32 Td (Other) Tj ET Q q 0 0 0 rg BT 74.37 228.32 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 227.42 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 227.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 227.42 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 227.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.45 227.42 Td (\(0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 227.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 213.32 Td (Ef) Tj ET Q q 0 0 0 rg BT 79.26 213.32 Td (fective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 212.42 Td (30.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 212.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 212.42 Td (32.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 212.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 212.42 Td (33.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 212.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 184.25 Td (\(1\) Represents an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.98 184.25 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.37 184.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 184.25 Td ($1) Tj ET Q q 0 0 0 rg BT 215.43 184.25 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.83 184.25 Td ( discrete item in 2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 430.57 184.25 Td (, for excess tax benefits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 172.25 Td (stock-based payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.25 Td (On December 22, 2017, the U.S. government enacted the ) Tj ET Q q 0 0 0 rg BT 317.14 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 322.55 154.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 333.93 154.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 353.19 154.25 Td (The ) Tj ET Q q 0 0 0 rg BT 371.06 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 376.47 154.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 387.86 154.25 Td (Act introduced broad and complex changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (to U.S. income tax laws that impact us, most notably a reduction of the U.S. statutory corporate tax rate from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.51 142.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.84 142.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.61 142.25 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.94 142.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (tax years beginning after December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 234.66 130.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 284.56 130.25 Td (, beginning in 2018 the ) Tj ET Q q 0 0 0 rg BT 379.37 130.25 Td (T) Tj ET Q q 0 0 0 rg BT 384.78 130.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 396.17 130.25 Td (Act imposes a regime of taxation on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (foreign subsidiary earnings \(Global Intangible Low-T) Tj ET Q q 0 0 0 rg BT 264.52 118.25 Td (axed Income, GIL) Tj ET Q q 0 0 0 rg BT 341.06 118.25 Td (TI\) and on certain related party payments \(Base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Erosion ) Tj ET Q q 0 0 0 rg BT 83.06 106.25 Td (Anti-abuse ) Tj ET Q q 0 0 0 rg BT 129.25 106.25 Td (T) Tj ET Q q 0 0 0 rg BT 134.66 106.25 Td (ax, BEA) Tj ET Q q 0 0 0 rg BT 172.43 106.25 Td (T\). Other important changes potentially material to the Company) Tj ET Q q 0 0 0 rg BT 439.85 106.25 Td (s operations include the full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (expensing of certain assets placed into service after September 27, 2017, the repeal of the domestic manufacturing deduction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (and additional limitations on the deductibility of executive compensation. Finally) Tj ET Q q 0 0 0 rg BT 374.84 82.25 Td (, as part of the transition of U.S. international ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (taxation from a worldwide tax system to a territorial tax system, the ) Tj ET Q q 0 0 0 rg BT 323.36 70.25 Td (T) Tj ET Q q 0 0 0 rg BT 328.77 70.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 340.16 70.25 Td (Act imposes a one-time transition tax on the deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (repatriation of historical earnings of foreign subsidiaries as of December 31, 2017.) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) 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 (On December 22, 2017 the U.S. Securities and Exchange Commission Staf) Tj ET Q q 0 0 0 rg BT 386.60 742.10 Td (f issued Staf) Tj ET Q q 0 0 0 rg BT 435.85 742.10 Td (f ) Tj ET Q q 0 0 0 rg BT 441.13 742.10 Td (Accounting Bulletin 1) Tj ET Q q 0 0 0 rg BT 529.64 742.10 Td (18 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(SAB 1) Tj ET Q q 0 0 0 rg BT 84.35 730.10 Td (18\), which provides guidance on accounting for the tax ef) Tj ET Q q 0 0 0 rg BT 319.64 730.10 Td (fects of the ) Tj ET Q q 0 0 0 rg BT 366.39 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 371.80 730.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 383.18 730.10 Td (Act. SAB 1) Tj ET Q q 0 0 0 rg BT 429.20 730.10 Td (18 provides a measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (period that should not extend beyond one year from the ) Tj ET Q q 0 0 0 rg BT 274.20 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 279.61 718.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 291.00 718.10 Td (Act enactment date for companies to complete the accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (required under ) Tj ET Q q 0 0 0 rg BT 110.53 706.10 Td (ASC 740, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.49 706.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 189.06 706.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.83 706.10 Td (. In accordance with SAB 1) Tj ET Q q 0 0 0 rg BT 316.98 706.10 Td (18, a company must reflect the income tax ef) Tj ET Q q 0 0 0 rg BT 497.01 706.10 Td (fects of those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (aspects of the ) Tj ET Q q 0 0 0 rg BT 106.74 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 112.15 694.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 123.54 694.10 Td (Act for which the accounting under ) Tj ET Q q 0 0 0 rg BT 267.38 694.10 Td (ASC 740 is complete. ) Tj ET Q q 0 0 0 rg BT 357.48 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 362.89 694.10 Td (o the extent that a company) Tj ET Q q 0 0 0 rg BT 475.90 694.10 Td (s accounting for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (certain income tax ef) Tj ET Q q 0 0 0 rg BT 133.94 682.10 Td (fects of the ) Tj ET Q q 0 0 0 rg BT 180.68 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.09 682.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 197.48 682.10 Td (Act is incomplete but the company is able to determine a reasonable estimate, it must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (record a provisional estimate in the financial statements. ) 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 (Accordingly) Tj ET Q q 0 0 0 rg BT 135.34 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 142.06 652.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.94 652.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 197.14 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.58 652.10 Td (following ) Tj ET Q q 0 0 0 rg BT 256.69 652.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 305.90 652.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 347.34 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.89 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.33 652.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.77 652.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 440.86 652.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 472.30 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.85 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.98 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.39 652.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 519.12 652.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 537.78 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 652.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 640.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.52 640.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 185.23 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 196.06 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.89 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.83 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.99 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.71 640.10 Td (year ) Tj ET Q q 0 0 0 rg BT 272.42 640.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 298.79 640.10 Td (December ) Tj ET Q q 0 0 0 rg BT 342.38 640.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 357.38 640.10 Td (2017:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 620.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.01 620.10 Td (ransition T) Tj ET Q q 0 0 0 rg BT 134.27 620.10 Td (ax on For) Tj ET Q q 0 0 0 rg BT 173.34 620.10 Td (eign Earnings: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.56 620.10 Td (W) Tj ET Q q 0 0 0 rg BT 244.19 620.10 Td (e recognized a provisional income tax expense of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.12 620.10 Td ($51 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.51 620.10 Td (for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (ended December 31, 2017 related to the one-time transition tax on foreign earnings. ) Tj ET Q q 0 0 0 rg BT 387.76 608.10 Td (The char) Tj ET Q q 0 0 0 rg BT 422.84 608.10 Td (ge is provisional due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (complexity of calculating and supporting such U.S. tax attributes as accumulated foreign earnings and profits, foreign taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.10 Td (paid, and other components involved in foreign tax credit calculations for a substantial number of prior tax years. Potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (adjustments to the provisional amount could be material due to the issuance of regulatory guidance or further legislative action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (regarding the transition tax, further changes in accounting standards for income taxes or related interpretations in response to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 548.10 Td (T) Tj ET Q q 0 0 0 rg BT 69.95 548.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 81.33 548.10 Td (Act, or any updates or changes to the estimates we have utilized to calculate the provisional estimate. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 530.10 Td (Revaluation ) Tj ET Q q 0 0 0 rg BT 136.63 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.72 530.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 173.00 530.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 184.75 530.10 Td (T) Tj ET Q q 0 0 0 rg BT 189.40 530.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 200.98 530.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 228.28 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.59 530.10 Td (Liabilities: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.79 530.10 Td (As ) Tj ET Q q 0 0 0 rg BT 305.21 530.10 Td (a ) Tj ET Q q 0 0 0 rg BT 311.96 530.10 Td (result ) Tj ET Q q 0 0 0 rg BT 336.49 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.13 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.48 530.10 Td (T) Tj ET Q q 0 0 0 rg BT 366.89 530.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 378.13 530.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 394.88 530.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 434.95 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.04 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.56 530.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 479.66 530.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 509.72 530.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 547.02 530.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.85 518.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.18 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.59 518.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.78 518.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.11 518.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.02 518.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.09 518.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 177.47 518.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.32 518.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 231.72 518.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 268.55 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.74 518.10 Td (net ) Tj ET Q q 0 0 0 rg BT 293.36 518.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 329.08 518.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.70 518.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 383.33 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.18 518.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.03 518.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 466.64 518.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 514.05 518.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.24 518.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 86.86 506.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.63 506.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 133.94 506.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.82 506.10 Td ($73 ) Tj ET Q q 0 0 0 rg BT 164.37 506.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.26 506.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.06 506.10 Td (W) Tj ET Q q 0 0 0 rg BT 207.70 506.10 Td (e ) Tj ET Q q 0 0 0 rg BT 215.69 506.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 258.10 506.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.65 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.42 506.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 340.96 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.84 506.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.72 506.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 393.27 506.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 409.04 506.10 Td (returns, ) Tj ET Q q 0 0 0 rg BT 442.86 506.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.74 506.10 Td (well ) Tj ET Q q 0 0 0 rg BT 475.51 506.10 Td (as ) Tj ET Q q 0 0 0 rg BT 487.39 506.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 534.81 506.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 92.87 494.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 130.73 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.94 494.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 206.47 494.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.02 494.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 256.11 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.66 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.52 494.10 Td (T) Tj ET Q q 0 0 0 rg BT 284.93 494.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 295.75 494.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 314.46 494.10 Td (will ) Tj ET Q q 0 0 0 rg BT 331.78 494.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 355.76 494.10 Td (us ) Tj ET Q q 0 0 0 rg BT 366.43 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.98 494.10 Td (further ) Tj ET Q q 0 0 0 rg BT 404.95 494.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 430.61 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.60 494.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 491.37 494.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 527.03 494.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 482.10 Td (December ) Tj ET Q q 0 0 0 rg BT 115.24 482.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 130.24 482.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 464.10 Td (Our accounting for the following elements of the ) Tj ET Q q 0 0 0 rg BT 284.10 464.10 Td (T) Tj ET Q q 0 0 0 rg BT 289.51 464.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 300.89 464.10 Td (Act is incomplete, and we have not yet been able to make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (reasonable estimates of the ef) Tj ET Q q 0 0 0 rg BT 168.10 452.10 Td (fects of the items described below) Tj ET Q q 0 0 0 rg BT 303.79 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.61 452.10 Td (Therefore, no provisional amounts have been recorded.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 434.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 101.91 434.10 Td (TI: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.16 434.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 134.84 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.64 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.88 434.10 Td (complexity ) Tj ET Q q 0 0 0 rg BT 205.89 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.24 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.48 434.10 Td (new ) Tj ET Q q 0 0 0 rg BT 249.16 434.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 264.90 434.10 Td (TI ) Tj ET Q q 0 0 0 rg BT 276.36 434.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 290.60 434.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 314.56 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.02 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.26 434.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 378.92 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.72 434.10 Td (date ) Tj ET Q q 0 0 0 rg BT 407.40 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.75 434.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 480.31 434.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 523.42 434.10 Td (guidance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.86 422.10 Td (are ) Tj ET Q q 0 0 0 rg BT 78.27 422.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 123.24 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.22 422.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 168.73 422.10 Td (this ) Tj ET Q q 0 0 0 rg BT 185.38 422.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 225.35 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.88 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.14 422.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.55 422.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 266.70 422.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 283.34 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.98 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.40 422.10 Td (application ) Tj ET Q q 0 0 0 rg BT 361.03 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.07 422.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 392.72 422.10 Td (740 ) Tj ET Q q 0 0 0 rg BT 409.92 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.90 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.32 422.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 450.06 422.10 Td (TI ) Tj ET Q q 0 0 0 rg BT 461.70 422.10 Td (regime. ) Tj ET Q q 0 0 0 rg BT 494.00 422.10 Td (W) Tj ET Q q 0 0 0 rg BT 502.64 422.10 Td (e ) Tj ET Q q 0 0 0 rg BT 509.28 422.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.68 422.10 Td (permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.42 410.10 Td (make ) Tj ET Q q 0 0 0 rg BT 84.71 410.10 Td (an ) Tj ET Q q 0 0 0 rg BT 96.79 410.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 143.31 410.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 170.94 410.10 Td (election ) Tj ET Q q 0 0 0 rg BT 205.23 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.65 410.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 236.06 410.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 259.24 410.10 Td (due ) Tj ET Q q 0 0 0 rg BT 276.32 410.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.96 410.10 Td (future ) Tj ET Q q 0 0 0 rg BT 315.48 410.10 Td (inclusions ) Tj ET Q q 0 0 0 rg BT 358.68 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.10 410.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 389.52 410.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 421.03 410.10 Td (income ) Tj ET Q q 0 0 0 rg BT 453.11 410.10 Td (related ) Tj ET Q q 0 0 0 rg BT 482.95 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.37 410.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 509.11 410.10 Td (TI ) Tj ET Q q 0 0 0 rg BT 521.19 410.10 Td (either ) Tj ET Q q 0 0 0 rg BT 546.60 410.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 410.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (current-period ) Tj ET Q q 0 0 0 rg BT 108.81 398.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 142.63 398.10 Td (when ) Tj ET Q q 0 0 0 rg BT 165.90 398.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 200.83 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.77 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.16 398.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 245.09 398.10 Td (such ) Tj ET Q q 0 0 0 rg BT 265.03 398.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 300.53 398.10 Td (into ) Tj ET Q q 0 0 0 rg BT 317.70 398.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.64 398.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 387.57 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.51 398.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 432.43 398.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 456.97 398.10 Td (W) Tj ET Q q 0 0 0 rg BT 465.61 398.10 Td (e ) Tj ET Q q 0 0 0 rg BT 471.66 398.10 Td (have ) Tj ET Q q 0 0 0 rg BT 492.15 398.10 Td (not ) Tj ET Q q 0 0 0 rg BT 506.54 398.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 520.37 398.10 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.21 386.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 101.31 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.52 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.62 386.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 143.37 386.10 Td (TI ) Tj ET Q q 0 0 0 rg BT 155.69 386.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.79 386.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 193.11 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.43 386.10 Td (we ) Tj ET Q q 0 0 0 rg BT 224.97 386.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.06 386.10 Td (not ) Tj ET Q q 0 0 0 rg BT 255.72 386.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 270.82 386.10 Td (able ) Tj ET Q q 0 0 0 rg BT 290.36 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.02 386.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 347.21 386.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 383.42 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.52 386.10 Td (ef) Tj ET Q q 0 0 0 rg BT 406.10 386.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 423.97 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.18 386.10 Td (this ) Tj ET Q q 0 0 0 rg BT 452.51 386.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 493.18 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.39 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.28 386.10 Td (T) Tj ET Q q 0 0 0 rg BT 524.69 386.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 536.37 386.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 553.69 386.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (make ) Tj ET Q q 0 0 0 rg BT 74.46 374.10 Td (an ) Tj ET Q q 0 0 0 rg BT 86.71 374.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 133.39 374.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 161.19 374.10 Td (election ) Tj ET Q q 0 0 0 rg BT 195.65 374.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.12 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.52 374.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 246.78 374.10 Td (740 ) Tj ET Q q 0 0 0 rg BT 264.59 374.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 305.16 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.29 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.32 374.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 347.06 374.10 Td (TI ) Tj ET Q q 0 0 0 rg BT 359.31 374.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 376.63 374.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 421.35 374.10 Td (we ) Tj ET Q q 0 0 0 rg BT 435.82 374.10 Td (have ) Tj ET Q q 0 0 0 rg BT 457.50 374.10 Td (not ) Tj ET Q q 0 0 0 rg BT 473.09 374.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 510.87 374.10 Td (any ) Tj ET Q q 0 0 0 rg BT 528.12 374.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (related ) Tj ET Q q 0 0 0 rg BT 80.19 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.96 362.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 128.94 362.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 144.68 362.10 Td (TI ) Tj ET Q q 0 0 0 rg BT 157.10 362.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 172.31 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.08 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.39 362.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.36 362.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 282.56 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.99 362.10 Td (have ) Tj ET Q q 0 0 0 rg BT 321.86 362.10 Td (not ) Tj ET Q q 0 0 0 rg BT 337.62 362.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 352.83 362.10 Td (made ) Tj ET Q q 0 0 0 rg BT 377.47 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.90 362.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 412.88 362.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 449.19 362.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 490.50 362.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 525.69 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.46 362.10 Td (record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.81 350.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 108.85 350.10 Td (on ) Tj ET Q q 0 0 0 rg BT 121.35 350.10 Td (GIL) Tj ET Q q 0 0 0 rg BT 137.09 350.10 Td (TI. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 332.10 Td (Indefinite Reinvestment ) Tj ET Q q 0 0 0 rg BT 182.45 332.10 Td (Assertion: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.06 332.10 Td (Undistributed earnings of our foreign subsidiaries amounted to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.16 332.10 Td ($687 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 320.10 Td ( at December31, 2017. In general, it has been our practice and intention to permanently reinvest the undistributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (earnings of our foreign subsidiaries, and that position has not changed following the enactment of the ) Tj ET Q q 0 0 0 rg BT 457.77 308.10 Td (T) Tj ET Q q 0 0 0 rg BT 463.18 308.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 474.57 308.10 Td (Act and the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (imposition of the transition tax. Beginning in 2018, the ) Tj ET Q q 0 0 0 rg BT 272.30 296.10 Td (T) Tj ET Q q 0 0 0 rg BT 277.71 296.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 289.10 296.10 Td (Act generally provides a 100% participation exemption from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (further U.S. taxation of dividends received from 10-percent or more owned foreign corporations held by U.S. corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 104.99 272.10 Td (Although future dividend income is now exempt from U.S. federal tax in the hands of the U.S. corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (shareholders, either as a result of the new participation exemption, or due to the previous taxation of such earnings under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (transition tax, companies must still apply the guidance of ) Tj ET Q q 0 0 0 rg BT 280.51 248.10 Td (ASC 740 to account for the tax consequences of outside basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 236.10 Td (ferences and other tax impacts of their investments in non-U.S. subsidiaries. ) Tj ET Q q 0 0 0 rg BT 367.90 236.10 Td (While we have now accrued the provisional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (transition tax on the deemed repatriated earnings that are indefinitely reinvested, it remains impracticable to determine whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (there is any further tax liability under the ) Tj ET Q q 0 0 0 rg BT 216.43 212.10 Td (T) Tj ET Q q 0 0 0 rg BT 221.84 212.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 233.23 212.10 Td (Act for the remaining outside basis dif) Tj ET Q q 0 0 0 rg BT 386.90 212.10 Td (ferences or to evaluate how the ) Tj ET Q q 0 0 0 rg BT 513.88 212.10 Td (T) Tj ET Q q 0 0 0 rg BT 519.29 212.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 530.68 212.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (will af) Tj ET Q q 0 0 0 rg BT 75.64 200.10 Td (fect our existing accounting position to indefinitely reinvest unremitted foreign earnings. ) Tj ET Q q 0 0 0 rg BT 433.15 200.10 Td (Therefore, we have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (included a provisional amount for this item in our financial statements for the year ended December 31, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 170.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 170.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.25 170.10 Td (will ) Tj ET Q q 0 0 0 rg BT 118.98 170.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 157.80 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.30 170.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 207.69 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.20 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.59 170.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 246.98 170.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 293.02 170.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 322.41 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.91 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.14 170.10 Td (T) Tj ET Q q 0 0 0 rg BT 352.55 170.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 363.68 170.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 380.29 170.10 Td (within ) Tj ET Q q 0 0 0 rg BT 408.02 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.41 170.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 459.56 170.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 515.05 170.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 544.79 170.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.37 158.10 Td (during ) Tj ET Q q 0 0 0 rg BT 127.08 158.10 Td (this ) Tj ET Q q 0 0 0 rg BT 143.13 158.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 198.04 158.10 Td (period ) Tj ET Q q 0 0 0 rg BT 225.18 158.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.34 158.10 Td (be ) Tj ET Q q 0 0 0 rg BT 253.38 158.10 Td (included ) Tj ET Q q 0 0 0 rg BT 289.41 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.79 158.10 Td (net ) Tj ET Q q 0 0 0 rg BT 312.60 158.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 348.08 158.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.12 158.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 413.49 158.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 456.74 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.67 158.10 Td (an ) Tj ET Q q 0 0 0 rg BT 477.71 158.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 523.19 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.57 158.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 146.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 99.42 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.70 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.42 146.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 163.57 146.10 Td (period ) Tj ET Q q 0 0 0 rg BT 191.62 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.90 146.10 Td (which ) Tj ET Q q 0 0 0 rg BT 228.84 146.10 Td (such ) Tj ET Q q 0 0 0 rg BT 249.67 146.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 299.94 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.65 146.10 Td (determined.) Tj ET Q 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 /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) Tj ET Q q 0 0 0 rg BT 505.32 722.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 709.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 709.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 695.27 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 89.94 695.27 Td (T) Tj ET Q q 0 0 0 rg BT 95.61 695.27 Td (ax ) Tj ET Q q 0 0 0 rg BT 106.92 695.27 Td (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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 680.27 Td (40,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 680.27 Td (62,059) 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 (19,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 665.27 Td (36,626) 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 (17,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 650.27 Td (35,565) 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 (16,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 635.27 Td (19,046) 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 461.15 620.27 Td (13,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 620.27 Td (9,806) 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 (4,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 605.27 Td (9,687) 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 461.15 590.27 Td (1) Tj ET Q q 0 0 0 rg BT 466.15 590.27 Td (1,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 590.27 Td (7,858) 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 (8,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 575.27 Td (7,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 560.27 Td (132,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 560.27 Td (188,346) 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 (\(21,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 545.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 535.13 545.32 Td (1,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 530.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.76 530.27 Td (otal deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 530.27 Td (1) Tj ET Q q 0 0 0 rg BT 461.15 530.27 Td (1) Tj ET Q q 0 0 0 rg BT 466.15 530.27 Td (1,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 530.27 Td (177,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 515.27 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 89.85 515.27 Td (T) Tj ET Q q 0 0 0 rg BT 95.26 515.27 Td (ax 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 500.27 Td (192,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 500.27 Td (222,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 485.27 Td (Property) Tj ET Q q 0 0 0 rg BT 104.11 485.27 Td (, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 485.27 Td (67,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 485.27 Td (72,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 470.27 Td (T) Tj ET Q q 0 0 0 rg BT 75.93 470.27 Td (rade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 470.27 Td (72,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 470.27 Td (59,002) 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 (16,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 455.27 Td (19,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 440.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.76 440.27 Td (otal deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 440.27 Td (348,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 440.27 Td (373,148) 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 (\(237,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 425.27 Td (\)) 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 (\(196,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.27 Td (\)) 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 366.6 m 492.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 366.6 m 561.5 366.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 383.83 Td (December) Tj ET Q q 0 0 0 rg BT 505.32 383.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 370.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 370.83 Td (2016) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 356.27 Td (15,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 356.27 Td (3,603) 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 (252,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 341.27 Td (199,657) 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 (The change in our deferred tax balances as compared to December 31, 2016, was materially impacted by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.71 319.10 Td ($73 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.10 319.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (reduction in the net U.S. deferred tax liabilities attributable to the U.S. Federal tax rate reduction from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.70 307.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.03 307.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.81 307.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.14 307.10 Td ( enacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (December 22, 2017. Noncurrent deferred tax assets and noncurrent deferred tax liabilities are included in Other ) Tj ET Q q 0 0 0 rg BT 500.10 295.10 Td (Assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (Deferred Income ) Tj ET Q q 0 0 0 rg BT 120.33 283.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.74 283.10 Td (axes, respectively) Tj ET Q q 0 0 0 rg BT 196.17 283.10 Td (, on our Consolidated Balance Sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 265.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 265.10 Td (e had net operating loss carryforwards for federal and certain state tax jurisdictions, the tax benefits of which total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 253.10 Td ($12 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.65 253.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.09 253.10 Td ($8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.48 253.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.70 253.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.72 253.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 400.38 253.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.83 253.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.33 253.10 Td (December 31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.35 253.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (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 443.46 241.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.85 241.10 Td (. ) Tj ET Q q 0 0 0 rg BT 489.30 241.10 Td (At December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (2017 and 2016, we had interest deduction carryforwards in Italy of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.92 229.10 Td ($14 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.31 229.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.75 229.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.14 229.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 484.80 229.10 Td (. ) Tj ET Q q 0 0 0 rg BT 489.25 229.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.69 229.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.44 217.10 Td (, valuation allowances of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 217.10 Td ($22 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 217.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.73 217.10 Td ($1) Tj ET Q q 0 0 0 rg BT 302.36 217.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.75 217.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 391.42 217.10 Td (, were recorded for a portion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (deferred tax assets related to net operating loss, tax credit carryforwards and interest deduction carryforwards. ) Tj ET Q q 0 0 0 rg BT 492.14 205.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.19 205.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.58 205.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 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 288.80 193.10 Td ($7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.20 193.10 Td ( valuation allowance provided on certain interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (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 395.03 181.10 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.42 181.10 Td ( increase attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (acquired foreign net operating loss carryforwards.) 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 (The net operating loss carryforwards expire over an indefinite period. Foreign tax credit carryforwards expire over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (period from 2018 through 2027, while the state and local tax credits generally have no expiration. ) Tj ET Q q 0 0 0 rg BT 443.04 139.10 Td (The interest deduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (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 472.16 127.10 Td (ficient taxable income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (prior to the expiration dates, where applicable, or in the case of the interest carryforwards, the compliance with limitations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (under thin capitalization constraints. Based on historical and projected operating results, we believe that it is more likely than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (not that earnings will be suf) Tj ET Q q 0 0 0 rg BT 161.19 91.10 Td (ficient to realize the deferred tax assets for which valuation allowances have not been provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (While we expect to realize the deferred tax assets, net of valuation allowances, changes in estimates of future taxable income or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (in tax laws may alter this expectation.) Tj ET Q 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 /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 358.5 628.6 m 423.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.6 m 492.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.6 m 561.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 628.6 m 423.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 614.6 m 423.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 612.6 m 423.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.6 m 492.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 614.6 m 492.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 612.6 m 492.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.6 m 561.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 614.6 m 561.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 612.6 m 561.5 612.6 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 (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 722.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 722.83 Td (2015) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 708.27 Td (2,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 708.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 708.27 Td (2,273) 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 (2,630) 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 (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 693.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 693.27 Td (80) 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 483.65 678.27 Td (5) 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 478.65 663.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 663.32 Td (\(743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 663.27 Td (\)) 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 (\(534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 648.32 Td (\(132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 648.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 547.63 648.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 634.17 Td (Currency exchange rate fluctuations) 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 542.65 633.27 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 619.17 Td (Balance at December31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 618.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 618.27 Td (1,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 618.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 618.27 Td (2,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 618.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 618.27 Td (2,273) 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 (Included in the balance of unrecognized tax benefits above as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.61 589.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.20 589.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.20 589.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.20 589.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.64 589.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.64 589.10 Td ( are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.84 589.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.24 589.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (tax benefits that, if recognized, would af) Tj ET Q q 0 0 0 rg BT 211.43 577.10 Td (fect the ef) Tj ET Q q 0 0 0 rg BT 251.22 577.10 Td (fective tax rate. ) Tj ET Q q 0 0 0 rg BT 315.44 577.10 Td (The balance of unrecognized tax benefits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.30 577.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 565.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 565.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 565.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 565.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 565.10 Td ( include less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.09 565.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.48 565.10 Td ( of tax benefits that, if recognized, would result in adjustments to deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 535.10 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 50.00 523.10 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 50.00 511.10 Td (approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.26 511.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.65 511.10 Td ( at December 31, 2017, 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 497.64 511.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.64 511.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.64 511.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.64 511.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 499.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 499.10 Td (, an immaterial amount of interest and penalties were recorded through the income tax provision, prior to any reversals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (for lapses in the statutes of limitations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 469.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.55 469.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.20 469.10 Td ( months beginning January1, 2018, 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 50.00 457.10 Td (benefits by up to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.69 457.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 457.10 Td (, all of which would impact our ef) Tj ET Q q 0 0 0 rg BT 356.98 457.10 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 50.00 445.10 Td (expiration of certain statutes of limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.10 Td (The company and/or its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (U.S. jurisdictions. ) Tj ET Q q 0 0 0 rg BT 124.55 415.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.58 415.10 Td (ith few exceptions, the company is no longer subject to U.S. federal, state and local, or non-U.S. income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (tax examinations by tax authorities for years before 2014. ) Tj ET Q q 0 0 0 rg BT 282.71 403.10 Td (Adjustments from examinations, if any) Tj ET Q q 0 0 0 rg BT 438.42 403.10 Td (, are not expected to have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (material ef) Tj ET Q q 0 0 0 rg BT 92.85 391.10 Td (fect on our consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (Note 14. Segment and Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 349.10 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.95 349.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.61 349.10 Td ( operating segments: ) Tj ET Q q 0 0 0 rg BT 224.69 349.10 Td (Wholesale North ) Tj ET Q q 0 0 0 rg BT 302.17 349.10 Td (America, Europe, Specialty and Self Service. Our ) Tj ET Q q 0 0 0 rg BT 503.59 349.10 Td (Wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 337.10 Td (America and Self Service operating segments are aggregated into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.34 337.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.78 337.10 Td ( reportable segment, North ) Tj ET Q q 0 0 0 rg BT 462.92 337.10 Td (America, because they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (possess similar economic characteristics and have common products and services, customers, and methods of distribution. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (reportable segments are or) Tj ET Q q 0 0 0 rg BT 155.61 313.10 Td (ganized based on a combination of geographic areas served and type of product lines of) Tj ET Q q 0 0 0 rg BT 505.85 313.10 Td (fered. ) Tj ET Q q 0 0 0 rg BT 531.21 313.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (reportable segments are managed separately as each business serves dif) Tj ET Q q 0 0 0 rg BT 335.54 301.10 Td (ferent customers \(i.e. geographic in the case of North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (America and Europe and product type in the case of Specialty\) and is af) Tj ET Q q 0 0 0 rg BT 337.21 289.10 Td (fected by dif) Tj ET Q q 0 0 0 rg BT 387.56 289.10 Td (ferent economic conditions. ) Tj ET Q q 0 0 0 rg BT 501.24 289.10 Td (Therefore, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.38 277.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.36 277.10 Td ( reportable segments: North ) Tj ET Q q 0 0 0 rg BT 214.67 277.10 Td (America, Europe and Specialty) Tj ET Q q 0 0 0 rg BT 338.97 277.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td ( ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) 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 236.80 704.83 Td (America ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 268.12 708.46 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.90 704.83 Td (Eur) Tj ET Q q 0 0 0 rg BT 316.16 704.83 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.90 704.83 Td (Specialty ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 388.01 708.46 Td (\(1\)) 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 (Y) Tj ET Q q 0 0 0 rg BT 98.33 691.83 Td (ear) Tj ET Q q 0 0 0 rg BT 108.92 691.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 169.65 691.83 Td ( 31, 2017) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 662.27 Td (4,798,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 662.27 Td (3,636,81) Tj ET Q q 0 0 0 rg BT 334.60 662.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 662.27 Td (1,301,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 662.27 Td ($) 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 (9,736,909) 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 (750) 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 (4,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 647.32 Td (\(5,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 647.27 Td (\)) 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 (T) Tj ET Q q 0 0 0 rg BT 98.76 632.27 Td (otal segment revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 632.27 Td (4,799,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 632.27 Td (3,636,81) Tj ET Q q 0 0 0 rg BT 334.60 632.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 632.27 Td (1,305,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 632.32 Td (\(5,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 632.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 632.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 632.27 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 617.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 617.27 Td (655,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 617.27 Td (319,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 617.27 Td (142,159) 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 (1,1) Tj ET Q q 0 0 0 rg BT 489.10 617.27 Td (16,590) 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 (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 602.27 Td (86,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 602.27 Td (120,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 602.27 Td (23,095) 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 (230,203) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.00 586.83 Td (Y) Tj ET Q q 0 0 0 rg BT 98.33 586.83 Td (ear) Tj ET Q q 0 0 0 rg BT 108.92 586.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 169.65 586.83 Td ( 31, 2016) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 557.27 Td (4,443,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 557.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 557.27 Td (1,219,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 557.27 Td ($) 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 (8,584,031) 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 (739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 542.27 Td (4,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 542.32 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 542.27 Td (\)) 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 (T) Tj ET Q q 0 0 0 rg BT 98.76 527.27 Td (otal segment revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 527.27 Td (4,444,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 527.27 Td (2,920,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 527.27 Td (1,223,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 527.32 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 527.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 512.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 512.27 Td (589,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 512.27 Td (283,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 512.27 Td (131,427) 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 476.60 512.27 Td (1,004,980) 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 (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 497.27 Td (80,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 497.27 Td (94,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 497.27 Td (22,432) 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 (198,334) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.00 481.83 Td (Y) Tj ET Q q 0 0 0 rg BT 97.89 481.83 Td (ear) Tj ET Q q 0 0 0 rg BT 108.85 481.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 169.58 481.83 Td ( 31, 2015) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 452.27 Td (4,1) Tj ET Q q 0 0 0 rg BT 252.10 452.27 Td (18,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 452.27 Td (1,995,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 452.27 Td (1,078,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 452.27 Td ($) 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 (7,192,633) 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 (835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 437.27 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 437.27 Td (3,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 437.32 Td (\(4,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 437.27 Td (\)) 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 (T) Tj ET Q q 0 0 0 rg BT 98.76 422.27 Td (otal segment revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.60 422.27 Td (4,1) Tj ET Q q 0 0 0 rg BT 252.10 422.27 Td (19,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 422.27 Td (1,995,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 422.27 Td (1,082,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 422.32 Td (\(4,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 422.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 422.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 407.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 407.27 Td (540,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 407.27 Td (200,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 407.27 Td (1) Tj ET Q q 0 0 0 rg BT 371.15 407.27 Td (13,316) 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 (854,529) 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 (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 392.27 Td (69,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 392.27 Td (36,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 392.27 Td (21,867) 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 (128,192) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 370.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 370.10 Td (In the first quarter of 2017, we realigned a portion of our North ) Tj ET Q q 0 0 0 rg BT 340.93 370.10 Td (America operations under our Specialty segment. Prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (year results have been recast to reflect the shift in reporting structure in order to present segment results on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (comparable basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 328.70 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 328.70 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 86.00 310.70 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 447.70 310.70 Td (, who is our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.70 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 298.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 120.77 298.70 Td (, is Segment EBITDA. Segment EBITDA) Tj ET Q q 0 0 0 rg BT 287.70 298.70 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 50.00 286.70 Td (Corporate general and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.70 Td (based on the segment's percentage of consolidated revenue. ) Tj ET Q q 0 0 0 rg BT 290.14 274.70 Td (W) Tj ET Q q 0 0 0 rg BT 298.78 274.70 Td (e calculate Segment EBITDA) Tj ET Q q 0 0 0 rg BT 417.35 274.70 Td ( as EBITDA) Tj ET Q q 0 0 0 rg BT 466.79 274.70 Td ( excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.70 Td (restructuring and acquisition related expenses, change in fair value of contingent consideration liabilities, other acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.70 Td (related gains and losses and equity in earnings \(loss\) of unconsolidated subsidiaries. EBITDA, which is the basis for Segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.70 Td (EBITDA, is calculated as net income excluding noncontrolling interest, discontinued operations, depreciation, amortization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.70 Td (interest \(which includes loss on debt extinguishment\) and income tax expense.) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) 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 88.00 607.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 607.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 607.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 607.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 577.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 547.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 517.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 487.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 487.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 487.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 487.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 457.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 457.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 457.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 457.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 427.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 427.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 427.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 427.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 88.00 397.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 397.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 397.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 397.60 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 350 675.6 m 405 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 675.6 m 464 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 675.6 m 523 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 630.6 m 405 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 630.6 m 464 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 630.6 m 523 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 630.6 m 405 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 630.6 m 464 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 630.6 m 523 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 517.6 m 405 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 517.6 m 464 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 517.6 m 523 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 382.6 m 405 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 382.6 m 464 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 382.6 m 523 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 368.6 m 405 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 366.6 m 405 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 382.6 m 464 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 368.6 m 464 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 366.6 m 464 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 382.6 m 523 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 368.6 m 523 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 366.6 m 523 366.6 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 (Y) Tj ET Q q 0 0 0 rg BT 397.03 722.83 Td (ear) Tj ET Q q 0 0 0 rg BT 407.62 722.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 468.35 722.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 709.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 709.83 Td (2015) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 695.27 Td (530,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 695.27 Td (463,975) 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 (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 680.27 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.30 680.32 Td (\(3,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 680.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 680.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 680.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 665.27 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 665.27 Td (533,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 665.27 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 665.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 650.27 Td (Subtract:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 635.27 Td (Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.30 635.32 Td (\(6,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 635.27 Td (7,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 635.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 621.17 Td (Net income from continuing operations attributable to LKQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 611.17 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 612.27 Td (540,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 612.27 Td (456,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 612.27 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 597.27 Td (Add:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 582.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 582.27 Td (219,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 582.27 Td (191,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 582.27 Td (122,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 567.27 Td (Depreciation and amortization - cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 567.27 Td (10,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 567.27 Td (6,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 567.27 Td (6,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 552.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 552.27 Td (100,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 552.27 Td (87,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 552.27 Td (57,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 537.27 Td (Loss on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 537.27 Td (456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 537.27 Td (26,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 537.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 522.27 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 522.27 Td (235,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 522.27 Td (220,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 522.27 Td (219,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 507.27 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.10 507.27 Td (1,107,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 507.27 Td (989,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 507.27 Td (828,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 492.27 Td (Subtract:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 477.27 Td (Equity in earnings \(loss\) of unconsolidated subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 477.27 Td (5,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 477.32 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 477.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.30 477.32 Td (\(6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 477.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 462.27 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 332.97 466.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 462.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 462.27 Td (18,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 462.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 447.27 Td (Gains on bar) Tj ET Q q 0 0 0 rg BT 153.42 447.27 Td (gain purchases ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 215.06 451.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 447.27 Td (3,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 447.27 Td (8,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 447.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 432.27 Td (Add:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 417.27 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 288.05 421.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 417.27 Td (19,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 417.27 Td (37,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 417.27 Td (19,51) Tj ET Q q 0 0 0 rg BT 514.15 417.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 402.27 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 299.61 406.80 Td ( \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 402.27 Td (3,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 402.27 Td (3,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 387.27 Td (Change in fair value of contingent consideration liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.30 387.32 Td (\(4,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 387.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 387.27 Td (206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 387.27 Td (454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 372.27 Td (Segment EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.10 372.27 Td (1,1) Tj ET Q q 0 0 0 rg BT 373.60 372.27 Td (16,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.10 372.27 Td (1,004,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 372.27 Td (854,529) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 350.10 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 79.66 354.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 350.10 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 461.15 350.10 Td (Note 2, "Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 338.10 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.11 338.10 Td (," for further information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 320.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 320.10 Td (Reflects the gains on bar) Tj ET Q q 0 0 0 rg BT 184.68 320.10 Td (gain purchases related to our acquisitions of ) Tj ET Q q 0 0 0 rg BT 362.68 320.10 Td (Andrew Page and a wholesale business in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 308.10 Td (Europe. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.82 308.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.01 308.10 Td (," for further information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 290.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 290.10 Td (See) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 290.10 Td (Note 5, "Restructuring and ) Tj ET Q q 0 0 0 rg BT 212.28 290.10 Td (Acquisition Related Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.25 290.10 Td (," for further information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 272.10 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 79.66 276.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 272.10 Td (Reflects the impact on Cost of Goods Sold of the step-up adjustments to record acquired inventory at its fair value for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 260.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 260.10 Td (arn and PGW) Tj ET Q q 0 0 0 rg BT 148.89 260.10 Td ( autoglass in 2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 313.48 260.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 246.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 224.10 Td (The following table presents capital expenditures by reportable segment \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 187.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 187.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 187.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 187.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 157.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 157.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 157.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 157.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 157.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 157.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.00 127.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 127.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 127.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 127.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 127.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 127.60 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 307 200.60000000000002 m 362 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 200.60000000000002 m 366 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 200.60000000000002 m 421 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 200.60000000000002 m 425 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 200.60000000000002 m 480 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 200.60000000000002 m 362 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 187.60000000000002 m 362 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 187.60000000000002 m 421 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 187.60000000000002 m 480 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 112.60000000000002 m 362 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 112.60000000000002 m 421 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 112.60000000000002 m 480 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 112.60000000000002 m 362 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 98.60000000000002 m 362 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 96.60000000000002 m 362 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 112.60000000000002 m 421 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 98.60000000000002 m 421 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 96.60000000000002 m 421 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 112.60000000000002 m 480 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 98.60000000000002 m 480 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 96.60000000000002 m 480 96.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.50 191.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 204.83 Td (Y) Tj ET Q q 0 0 0 rg BT 354.03 204.83 Td (ear) Tj ET Q q 0 0 0 rg BT 364.62 204.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 425.35 204.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.00 191.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.00 191.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 191.83 Td (2015) 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 133.5 175.580078125 m 206.4765625 175.580078125 l s q 0 0 0 rg BT 133.50 176.83 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 199.81 176.83 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 162.27 Td (North ) Tj ET Q q 0 0 0 rg BT 159.05 162.27 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 162.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 162.27 Td (95,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 162.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 162.27 Td (91,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 162.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 162.27 Td (72,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 147.27 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 147.27 Td (71,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 147.27 Td (77,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 147.27 Td (79,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 132.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 132.27 Td (8,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 132.27 Td (13,61) Tj ET Q q 0 0 0 rg BT 412.15 132.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 132.27 Td (19,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 117.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 117.27 Td (3,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 117.27 Td (24,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 117.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 102.27 Td (T) Tj ET Q q 0 0 0 rg BT 138.91 102.27 Td (otal capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 102.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 102.27 Td (179,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 102.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 102.27 Td (207,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 102.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 102.27 Td (170,490) 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 /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 99.00 686.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 656.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 626.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 596.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 566.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 536.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 506.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 506.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 506.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 506.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 506.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 506.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 476.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 476.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 476.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 476.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 476.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 476.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 446.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 416.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 416.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 416.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 416.60 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 309 716.6 m 374 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 716.6 m 378 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 716.6 m 443 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 716.6 m 447 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 716.6 m 512 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 701.6 m 374 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 701.6 m 443 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 716.6 m 512 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 701.6 m 512 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 641.6 m 374 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 626.6 m 374 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 641.6 m 443 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 626.6 m 443 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 641.6 m 512 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 626.6 m 512 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 566.6 m 512 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 566.6 m 374 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 551.6 m 374 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 566.6 m 443 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 551.6 m 443 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 551.6 m 512 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 491.6 m 374 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 491.6 m 443 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 491.6 m 512 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 476.6 m 374 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 476.6 m 443 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 476.6 m 512 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 476.6 m 374 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 476.6 m 443 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 476.6 m 512 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 431.6 m 374 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 416.6 m 374 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 431.6 m 443 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 416.6 m 443 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 431.6 m 512 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 416.6 m 512 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 416.6 m 374 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 401.6 m 374 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 416.6 m 443 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 401.6 m 443 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 416.6 m 512 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 401.6 m 512 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 401.6 m 374 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 387.6 m 374 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 385.6 m 374 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 401.6 m 443 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 387.6 m 443 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 385.6 m 443 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 401.6 m 512 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 387.6 m 512 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 385.6 m 512 385.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.75 720.83 Td (December) Tj ET Q q 0 0 0 rg BT 421.32 720.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 705.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.20 705.83 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 415.20 710.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.20 705.83 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 484.20 710.36 Td (\(1\)) 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 101.5 689.580078125 m 156.15234375 689.580078125 l s q 0 0 0 rg BT 101.50 690.83 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 676.27 Td (North ) Tj ET Q q 0 0 0 rg BT 126.78 676.27 Td (America ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.70 680.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 676.27 Td (379,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 676.27 Td (351,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 676.27 Td (313,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 661.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 665.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 661.27 Td (555,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 661.27 Td (443,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 661.27 Td (215,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 646.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 646.27 Td (92,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 646.27 Td (65,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 646.27 Td (60,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 631.27 Td (T) Tj ET Q q 0 0 0 rg BT 107.26 631.27 Td (otal receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 631.27 Td (1,027,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 631.27 Td (860,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 631.27 Td (590,160) 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 101.5 614.580078125 m 140.1640625 614.580078125 l s q 0 0 0 rg BT 101.50 615.83 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 601.27 Td (North ) Tj ET Q q 0 0 0 rg BT 126.78 601.27 Td (America ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.70 605.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 601.27 Td (1,076,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 601.27 Td (915,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 601.27 Td (845,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 586.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 590.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 586.27 Td (964,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 586.27 Td (718,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 586.27 Td (427,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 571.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 571.27 Td (340,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 571.27 Td (301,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 571.27 Td (283,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 556.27 Td (T) Tj ET Q q 0 0 0 rg BT 107.26 556.27 Td (otal inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 556.27 Td (2,380,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 556.27 Td (1,935,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 556.27 Td (1,556,552) 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 101.5 539.580078125 m 223.5859375 539.580078125 l s q 0 0 0 rg BT 101.50 540.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 109.87 540.83 Td (operty) Tj ET Q q 0 0 0 rg BT 131.79 540.83 Td (, Plant and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 526.27 Td (North ) Tj ET Q q 0 0 0 rg BT 126.78 526.27 Td (America ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.70 530.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 526.27 Td (537,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 526.27 Td (505,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 526.27 Td (467,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 511.27 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.88 515.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 511.27 Td (293,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 511.27 Td (247,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 511.27 Td (175,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 496.27 Td (Specialty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 496.27 Td (82,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 496.27 Td (57,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 496.27 Td (53,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 481.27 Td (T) Tj ET Q q 0 0 0 rg BT 107.26 481.27 Td (otal property) Tj ET Q q 0 0 0 rg BT 157.96 481.27 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 481.27 Td (913,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 481.27 Td (81) Tj ET Q q 0 0 0 rg BT 416.65 481.27 Td (1,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 481.27 Td (696,567) 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 101.5 464.580078125 m 196.6171875 464.580078125 l s q 0 0 0 rg BT 101.50 465.83 Td (Equity Method Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 451.27 Td (North ) Tj ET Q q 0 0 0 rg BT 127.05 451.27 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 451.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 451.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 451.27 Td (628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 436.27 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.38 440.80 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 436.27 Td (208,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 436.27 Td (183,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 436.27 Td (2,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 421.27 Td (T) Tj ET Q q 0 0 0 rg BT 107.26 421.27 Td (otal equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 421.27 Td (208,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 421.27 Td (183,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 421.27 Td (2,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 406.27 Td (Other unallocated assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 406.27 Td (4,837,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 406.27 Td (4,512,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 406.27 Td (2,801,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 391.27 Td (T) Tj ET Q q 0 0 0 rg BT 106.91 391.27 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 391.27 Td (9,366,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 391.27 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 391.27 Td (5,647,837) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 369.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 369.10 Td (In the first quarter of 2017, we realigned a portion of our North ) Tj ET Q q 0 0 0 rg BT 340.93 369.10 Td (America operations under our Specialty segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 357.10 Td (Prior year amounts have been recast to reflect the shift in reporting structure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 339.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 339.10 Td (The increase in assets for our North ) Tj ET Q q 0 0 0 rg BT 230.68 339.10 Td (America and Europe segments from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.57 339.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.16 339.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.93 339.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.52 339.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 327.10 Td (primarily relates to the PGW) Tj ET Q q 0 0 0 rg BT 201.34 327.10 Td ( autoglass and Rhiag acquisitions, respectively) Tj ET Q q 0 0 0 rg BT 387.32 327.10 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.26 327.10 Td (Note 2, "Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.45 327.10 Td (" for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 315.10 Td (further details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 297.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 297.10 Td (The increase in Europe from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.89 297.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.48 297.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.26 297.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.84 297.10 Td ( primarily relates to our investment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 285.10 Td (Mekonomen as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.97 285.10 Td (Note 4, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 335.04 285.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.86 285.10 Td (.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 267.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 267.10 Td (e report net receivables; inventories; net property) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 291.22 267.10 Td (, plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.47 267.10 Td ( and equipment; and equity method investments by segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (as that information is used by the chief operating decision maker in assessing segment performance. ) Tj ET Q q 0 0 0 rg BT 452.48 255.10 Td (These assets provide a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (measure for the operating capital employed in each segment. Unallocated assets include cash, prepaid and other current and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (noncurrent assets, goodwill, other intangibles, assets of discontinued operations and income taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 213.10 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 50.00 201.10 Td (Netherlands, Belgium, Italy) Tj ET Q q 0 0 0 rg BT 160.43 201.10 Td (, Czech Republic, Slovakia and other European countries. Our operations in other countries include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (recycled and aftermarket operations in Canada, engine remanufacturing and bumper refurbishing operations in Mexico, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (aftermarket parts freight consolidation warehouse in ) Tj ET Q q 0 0 0 rg BT 261.41 177.10 Td (T) Tj ET Q q 0 0 0 rg BT 266.82 177.10 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 50.00 165.10 Td (attributed to geographic area based on the location of the selling operation.) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The following table sets forth our revenue by geographic area \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 705.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 705.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 675.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 675.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 675.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 675.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 675.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 675.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 645.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 645.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 645.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 645.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 645.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 645.60 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 292 718.6 m 357 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 718.6 m 361 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 718.6 m 426 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 718.6 m 430 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 718.6 m 495 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 705.6 m 357 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 705.6 m 426 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 705.6 m 495 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 645.6 m 357 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 645.6 m 426 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 645.6 m 495 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 631.6 m 357 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 629.6 m 357 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 631.6 m 426 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 629.6 m 426 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 645.6 m 495 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 631.6 m 495 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 629.6 m 495 629.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 722.83 Td (Y) Tj ET Q q 0 0 0 rg BT 354.03 722.83 Td (ear) Tj ET Q q 0 0 0 rg BT 364.62 722.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 425.35 722.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 709.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.00 709.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.00 709.83 Td (2015) 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 118.5 693.580078125 m 147.828125 693.580078125 l s q 0 0 0 rg BT 118.50 694.83 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 680.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 680.27 Td (5,662,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 680.27 Td (5,226,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 680.27 Td (4,831,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 665.27 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 665.27 Td (1,548,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 665.27 Td (1,390,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 665.27 Td (1,382,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 650.27 Td (Other countries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 650.27 Td (2,526,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 650.27 Td (1,966,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 650.27 Td (978,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 635.27 Td (T) Tj ET Q q 0 0 0 rg BT 123.91 635.27 Td (otal revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 635.27 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 635.27 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 635.27 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 595.10 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 99.00 543.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 543.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 543.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 543.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 543.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 543.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 99.00 513.60 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 513.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 513.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 513.60 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 309 571.6 m 374 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 571.6 m 378 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 571.6 m 443 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 571.6 m 447 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 571.6 m 512 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 558.6 m 374 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 558.6 m 443 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 571.6 m 512 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 558.6 m 512 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 498.6 m 512 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 498.6 m 374 498.6 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 309 482.6 m 374 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 498.6 m 443 498.6 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 378 482.6 m 443 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 498.6 m 512 498.6 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 482.6 m 512 482.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.75 575.83 Td (December) Tj ET Q q 0 0 0 rg BT 421.32 575.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 562.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.00 562.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 562.83 Td (2015) 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 101.5 546.580078125 m 161.28515625 546.580078125 l s q 0 0 0 rg BT 101.50 547.83 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 139.95 547.83 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 533.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 533.27 Td (583,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 533.27 Td (531,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 533.27 Td (493,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 518.27 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 518.27 Td (178,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 518.27 Td (159,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 518.27 Td (138,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 503.27 Td (Other countries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 503.27 Td (151,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 503.27 Td (120,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 503.27 Td (64,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 488.27 Td (T) Tj ET Q q 0 0 0 rg BT 106.91 488.27 Td (otal long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 488.27 Td (913,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 488.27 Td (81) Tj ET Q q 0 0 0 rg BT 416.65 488.27 Td (1,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 488.27 Td (696,567) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 448.10 Td (The following table sets forth our revenue by product category \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 408.60 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 408.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 408.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 408.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 408.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 408.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 379.60 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 379.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 379.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 379.60 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 338.5 424.6 m 403.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 424.6 m 407.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 424.6 m 472.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 424.6 m 476.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 424.6 m 541.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 408.6 m 403.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 408.6 m 472.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 408.6 m 541.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 408.6 m 403.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 408.6 m 472.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 408.6 m 541.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 365.6 m 403.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 365.6 m 472.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 365.6 m 541.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 352.6 m 403.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 350.6 m 403.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 352.6 m 472.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 350.6 m 472.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 365.6 m 541.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 352.6 m 541.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 350.6 m 541.5 350.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.20 428.83 Td (Y) Tj ET Q q 0 0 0 rg BT 400.53 428.83 Td (ear) Tj ET Q q 0 0 0 rg BT 411.12 428.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 471.85 428.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 412.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 412.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.70 412.83 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 444.70 417.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.70 412.83 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 513.70 417.36 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 399.17 Td (Aftermarket and other new products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 399.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 399.17 Td (7,326,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 399.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 399.17 Td (6,363,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 399.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 399.17 Td (5,005,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 384.27 Td (Recycled, remanufactured and refurbished products and services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 384.27 Td (1,882,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 384.27 Td (1,780,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 384.27 Td (1,708,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 370.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 370.17 Td (528,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 370.17 Td (439,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 370.17 Td (478,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 356.17 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 356.17 Td (otal revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 356.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 356.17 Td (9,736,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 356.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 356.17 Td (8,584,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 356.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 356.17 Td (7,192,633) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 334.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 334.10 Td (In the fourth quarter of 2017, we realigned our product categories to dif) Tj ET Q q 0 0 0 rg BT 372.11 334.10 Td (ferentiate products based on the source of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (product. Prior year amounts have been recast to reflect the shift in reporting structure; ) Tj ET Q q 0 0 0 rg BT 431.16 322.10 Td (Aftermarket and other new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (products decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.35 310.10 Td ($77 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.74 310.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.18 310.10 Td ($1) Tj ET Q q 0 0 0 rg BT 252.81 310.10 Td (1) Tj ET Q q 0 0 0 rg BT 257.44 310.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.83 310.10 Td ( for the years ended December 31, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 545.87 310.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (with a corresponding increase to recycled, remanufactured and refurbished products and services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.10 Td (Our North ) Tj ET Q q 0 0 0 rg BT 129.33 274.10 Td (America reportable segment generates revenue from all of our product categories, while our Europe and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 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 50.00 250.10 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 50.00 238.10 Td (furnace operations.) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 15. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 742.25 Td (Selected Quarterly Data \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 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 470.85 724.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.44 724.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 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 50.50 675.75 260.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 675.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 675.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 675.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 675.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 675.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 675.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 675.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 646.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 646.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 646.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 646.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 646.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 646.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 646.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 646.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 616.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 616.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 616.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 616.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 586.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 586.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 586.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 586.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 556.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 556.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 556.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 556.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 556.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 526.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 526.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 526.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 526.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 526.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 526.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 526.75 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 310.5 688.75 m 370.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 688.75 m 374.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 688.75 m 434.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 688.75 m 438.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 688.75 m 498.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 688.75 m 502.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 688.75 m 562.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 675.75 m 370.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 675.75 m 434.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 675.75 m 498.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 675.75 m 562.5 675.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.95 692.98 Td (Quarter) Tj ET Q q 0 0 0 rg BT 437.87 692.98 Td ( Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 680.00 Td (\(In thousands, except per shar) Tj ET Q q 0 0 0 rg BT 149.80 680.00 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.55 679.98 Td (Dec.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.75 679.98 Td (Sep. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.55 679.98 Td (Jun. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 679.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 533.17 679.98 Td (.31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 666.48 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 652.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 651.42 Td (2,469,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 651.42 Td (2,465,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 651.42 Td (2,458,41) Tj ET Q q 0 0 0 rg BT 489.60 651.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 651.42 Td (2,342,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 637.32 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 94.29 637.32 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 636.42 Td (947,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 636.42 Td (956,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 636.42 Td (965,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 636.42 Td (930,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 621.42 Td (167,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 621.42 Td (199,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 621.42 Td (244,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 621.42 Td (235,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.32 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 606.42 Td (122,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 606.42 Td (122,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 606.42 Td (150,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 606.42 Td (140,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.32 Td (Net loss from discontinued operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 207.70 596.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 591.47 Td (\(2,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 591.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 591.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 591.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 591.47 Td (\(4,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 591.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.32 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 576.47 Td (\(3,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.32 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 561.42 Td (124,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 561.42 Td (122,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 561.42 Td (150,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 561.42 Td (136,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.32 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 264.33 536.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 531.42 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 531.42 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 531.42 Td (0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 531.42 Td (0.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.32 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 272.11 521.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 516.42 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 516.42 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 516.42 Td (0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 516.42 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 475.75 260.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 475.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 475.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 475.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 475.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 475.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 475.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 475.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 446.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 446.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 446.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 446.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 416.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 416.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 416.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 416.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 386.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 386.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 386.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 386.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 386.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 356.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 356.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 356.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 356.75 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 309.5 488.75 m 369.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 488.75 m 373.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 488.75 m 433.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 488.75 m 437.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 488.75 m 497.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 488.75 m 501.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 488.75 m 561.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 475.75 m 369.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 475.75 m 433.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 475.75 m 497.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 475.75 m 561.5 475.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.90 492.98 Td (Quarter) Tj ET Q q 0 0 0 rg BT 432.74 492.98 Td ( Ended ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 458.98 496.61 Td (\(3\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 480.00 Td (\(In thousands, except per shar) Tj ET Q q 0 0 0 rg BT 148.80 480.00 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.55 479.98 Td (Dec.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 479.98 Td (Sep. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.55 479.98 Td (Jun. 30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.80 479.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 532.17 479.98 Td (.31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 466.48 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 452.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.60 451.42 Td (2,150,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.60 451.42 Td (2,207,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 451.42 Td (2,304,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 451.42 Td (1,921,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 437.32 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 93.29 437.32 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 436.42 Td (830,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 436.42 Td (855,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 436.42 Td (905,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 436.42 Td (760,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 422.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 421.42 Td (161,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 421.42 Td (183,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 421.42 Td (232,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 421.42 Td (185,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 407.32 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 406.42 Td (96,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 406.42 Td (109,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 406.42 Td (137,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 406.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.15 406.42 Td (12,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 392.32 Td (Net \(loss\) income from discontinued operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 245.29 396.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 391.47 Td (\(9,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 391.42 Td (12,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 391.42 Td (4,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 391.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 377.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 376.42 Td (86,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 376.42 Td (122,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 376.42 Td (142,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 376.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.15 376.42 Td (12,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 347.32 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 263.33 351.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 346.42 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 346.42 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 346.42 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 346.42 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 332.32 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 271.11 336.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 331.42 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 331.42 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 331.42 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 331.42 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 309.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 309.25 Td (In the first quarter of 2017, LKQ completed the sale of the glass manufacturing business of its PGW) Tj ET Q q 0 0 0 rg BT 486.83 309.25 Td ( subsidiary and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 297.25 Td (recorded a loss on sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.85 297.25 Td ($4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.24 297.25 Td ( and an immaterial loss from discontinued operations, net of tax. During the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 285.25 Td (quarter of 2017, we recorded an additional loss on sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 285.25 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.54 285.25 Td (. ) Tj ET Q q 0 0 0 rg BT 364.36 285.25 Td (The remaining amounts presented represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 273.25 Td (income \(loss\) from discontinued operations, net of tax for the periods presented. See Note 3, "Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 261.25 Td (Operations" for further information regarding the disposal of the glass manufacturing business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 243.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 243.25 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 86.00 231.25 Td (basis due to changes in weighted average shares outstanding throughout the year) Tj ET Q q 0 0 0 rg BT 407.86 231.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 213.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 213.25 Td (The 2016 amounts presented above include the results of operations of Rhiag, from its acquisition ef) Tj ET Q q 0 0 0 rg BT 487.94 213.25 Td (fective March 18, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 201.25 Td (2016, and PGW) Tj ET Q q 0 0 0 rg BT 149.24 201.25 Td (, from its acquisition ef) Tj ET Q q 0 0 0 rg BT 242.10 201.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 271.25 201.25 Td (April 21, 2016.) Tj ET Q 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 (Note 16. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 742.25 Td (Condensed Consolidating Financial Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (LKQ Corporation \(the "Parent"\) issued, and the Guarantors have fully and unconditionally guaranteed, jointly and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (severally) Tj ET Q q 0 0 0 rg BT 85.44 706.25 Td (, the U.S. Notes \(2023\) due on May 15, 2023. ) Tj ET Q q 0 0 0 rg BT 270.15 706.25 Td (A) Tj ET Q q 0 0 0 rg BT 276.82 706.25 Td ( Guarantor's guarantee will be unconditionally and automatically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (released and dischar) Tj ET Q q 0 0 0 rg BT 130.89 694.25 Td (ged upon the occurrence of any of the following events: \(i\) a transfer \(including as a result of consolidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (or mer) Tj ET Q q 0 0 0 rg BT 76.20 682.25 Td (ger\) by the Guarantor to any person that is not a Guarantor of all or substantially all assets and properties of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 90.14 670.25 Td (, provided the Guarantor is also released from its obligations with respect to indebtedness under the Credit ) Tj ET Q q 0 0 0 rg BT 517.26 670.25 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (or other indebtedness of ours, which obligation gave rise to the guarantee of the U.S. Notes \(2023\); \(ii\) a transfer \(including as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (a result of consolidation or mer) Tj ET Q q 0 0 0 rg BT 175.06 646.25 Td (ger\) to any person that is not a Guarantor of the equity interests of a Guarantor or issuance by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Guarantor of its equity interests such that the Guarantor ceases to be a subsidiary) Tj ET Q q 0 0 0 rg BT 372.87 634.25 Td (, as defined in the Indenture, provided the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Guarantor is also released from its obligations with respect to indebtedness under the Credit ) Tj ET Q q 0 0 0 rg BT 419.36 622.25 Td (Agreement or other indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (of ours, which obligation gave rise to the guarantee of the U.S. Notes \(2023\); \(iii\) the release of the Guarantor from its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (obligations with respect to indebtedness under the Credit ) Tj ET Q q 0 0 0 rg BT 279.40 598.25 Td (Agreement or other indebtedness of ours, which obligation gave rise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (to the guarantee of the U.S. Notes \(2023\); and \(iv\) upon legal defeasance, covenant defeasance or satisfaction and dischar) Tj ET Q q 0 0 0 rg BT 536.57 586.25 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (the Indenture, as defined in the Indenture.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.25 Td ( Presented below are the condensed consolidating financial statements of the Parent, the Guarantors, the non-guarantor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (subsidiaries \(the "Non-Guarantors"\), and the elimination entries necessary to present our financial statements on a consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (basis as required by Rule 3-10 of Regulation S-X of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 358.54 532.25 Td (Act of 1934 resulting from the guarantees of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (U.S. Notes \(2023\). Investments in consolidated subsidiaries have been presented under the equity method of accounting. ) Tj ET Q q 0 0 0 rg BT 534.70 520.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (principal elimination entries eliminate investments in subsidiaries, intercompany balances, and intercompany revenue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 90.92 496.25 Td (The condensed consolidating financial statements below have been prepared from our financial information on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (same basis of accounting as the consolidated financial statements, and may not necessarily be indicative of the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (position, results of operations or cash flows had the Parent, Guarantors and Non-Guarantors operated as independent entities.) 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1 rg /GS0 gs 392.50 323.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 323.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 323.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 323.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 323.50 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 276.5 459.5 m 330.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 459.5 m 388.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 459.5 m 446.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 459.5 m 504.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 459.5 m 562.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 445.5 m 330.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 445.5 m 388.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 445.5 m 446.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 445.5 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 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 334.5 379.5 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 392.5 379.5 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 450.5 379.5 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 508.5 379.5 m 562.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 351.5 m 330.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 351.5 m 388.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 351.5 m 446.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 351.5 m 504.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 351.5 m 562.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 323.5 m 330.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 323.5 m 388.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 323.5 m 446.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 323.5 m 504.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 323.5 m 330.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 310.5 m 330.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 308.5 m 330.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 323.5 m 388.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 310.5 m 388.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 308.5 m 388.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 323.5 m 446.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 310.5 m 446.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 308.5 m 446.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 323.5 m 504.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 310.5 m 504.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 308.5 m 504.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 323.5 m 562.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 310.5 m 562.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 308.5 m 562.5 308.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 694.73 Td (Y) Tj ET Q q 0 0 0 rg BT 371.03 694.73 Td (ear) Tj ET Q q 0 0 0 rg BT 381.62 694.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 442.35 694.73 Td ( 31, 2017) 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 (Par) Tj ET Q q 0 0 0 rg BT 303.87 673.73 Td (ent) 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 (5,780,904) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 660.06 Td (4,1) Tj ET Q q 0 0 0 rg BT 416.63 660.06 Td (16,161) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 660.06 Td (\(160,156) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 660.06 Td (\)) 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 (9,736,909) 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 (3,458,304) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 646.06 Td (2,639,138) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 646.06 Td (\(160,156) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 646.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 646.06 Td (5,937,286) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 110.23 632.41 Td (gin) 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 (2,322,600) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.75 632.06 Td (1,477,023) 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 (3,799,623) 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 (521,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 618.06 Td (275,792) 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 (797,388) 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 (491,082) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 604.06 Td (293,403) 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 (784,485) 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 (29,884) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 590.06 Td (545,248) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 590.06 Td (556,082) 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 (1,131,214) 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 (7,352) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 576.06 Td (12,320) 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 (19,672) 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 (1) Tj ET Q q 0 0 0 rg BT 317.30 562.06 Td (18) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 562.06 Td (96,717) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 562.06 Td (122,71) Tj ET Q q 0 0 0 rg BT 438.02 562.06 Td (1) 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 (219,546) 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 (\(30,002) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 548.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 548.06 Td (660,605) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 548.06 Td (216,715) 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 (847,318) 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 (66,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 370.55 520.06 Td (546) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 520.06 Td (35,064) 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 527.90 520.06 Td (101,640) 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 (\(17,873) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 506.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 360.25 506.06 Td (\(2,383) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 506.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 506.06 Td (20,256) 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 312.55 492.06 Td (456) 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 433.30 492.06 Td () 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 544.55 492.06 Td (456) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 478.41 Td (Gains on bar) Tj ET Q q 0 0 0 rg BT 119.46 478.41 Td (gain purchases) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 478.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 478.06 Td (\(3,870) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 478.06 Td (\)) 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 534.25 478.06 Td (\(3,870) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 478.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 464.41 Td (Interest and other expense \(income\), net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.55 464.06 Td (242) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 355.50 464.06 Td (\(14,366) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 464.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 464.06 Td (\(3,41) Tj ET Q q 0 0 0 rg BT 438.04 464.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 464.06 Td (\)) 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 529.50 464.06 Td (\(17,535) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 464.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 450.41 Td (T) Tj ET Q q 0 0 0 rg BT 76.47 450.41 Td (otal other expense \(income\), net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 450.06 Td (48,855) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 355.50 450.06 Td (\(16,203) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 450.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 450.06 Td (48,039) 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 532.65 450.06 Td (80,691) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 436.41 Td (\(Loss\) income from continuing operations before) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 426.91 Td (provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 426.06 Td (\(78,857) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 426.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 426.06 Td (676,808) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 426.06 Td (168,676) 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 527.90 426.06 Td (766,627) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 412.41 Td (Provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.65 412.06 Td (28,684) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 412.06 Td (168,288) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 412.06 Td (38,588) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 412.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 412.06 Td (235,560) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 398.41 Td (Equity in earnings of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 398.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 398.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 398.06 Td (5,907) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 398.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 398.06 Td (5,907) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 384.41 Td (Equity in earnings of subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 384.06 Td (648,031) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 384.06 Td (21,836) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 384.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 384.06 Td (\(669,867) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 384.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 384.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 370.41 Td (Income from continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 370.06 Td (540,490) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 370.06 Td (530,356) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 370.06 Td (135,995) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 370.06 Td (\(669,867) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 370.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 370.06 Td (536,974) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 356.41 Td (Net \(loss\) income from discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 302.25 356.06 Td (\(6,746) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 356.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 360.25 356.06 Td (\(6,746) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 384.80 356.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.40 356.06 Td (2,050) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.40 356.06 Td (4,696) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 356.06 Td (\(6,746) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 356.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 342.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 342.06 Td (533,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 342.06 Td (523,610) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 342.06 Td (138,045) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 342.06 Td (\(665,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 342.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 342.06 Td (530,228) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 328.41 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 317.30 328.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 328.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 328.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 328.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 328.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 328.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 328.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 314.41 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 314.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 314.06 Td (533,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 314.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 314.06 Td (523,610) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 314.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 314.06 Td (141,561) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 314.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 314.06 Td (\(665,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 314.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 314.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 314.06 Td (533,744) 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 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 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 465.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 465.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 465.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 465.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 465.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 465.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 465.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 465.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 465.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 465.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 437.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 437.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 437.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 437.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 437.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 437.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 437.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 437.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 437.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 399.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 399.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 399.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 399.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 399.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 399.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 371.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 371.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 371.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 371.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 371.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 371.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 343.50 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 343.50 54.00 -14.00 re f /GS0 gs 0.8 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 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 334.5 329.5 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 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 392.5 329.5 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 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 450.5 329.5 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 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 (Y) Tj ET Q q 0 0 0 rg BT 371.03 694.73 Td (ear) Tj ET Q q 0 0 0 rg BT 381.62 694.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 442.35 694.73 Td ( 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 (Par) Tj ET Q q 0 0 0 rg BT 303.87 673.73 Td (ent) 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 59.00 632.41 Td ( Gross mar) Tj ET Q q 0 0 0 rg BT 110.10 632.41 Td (gin) 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 59.00 548.41 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 (Gains 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 bar) Tj ET Q q 0 0 0 rg BT 115.76 456.41 Td (gain 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 ( ) Tj ET Q q 0 0 0 rg BT 82.70 428.41 Td (T) Tj ET Q q 0 0 0 rg BT 87.84 428.41 Td (otal 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 (86,1) Tj ET Q q 0 0 0 rg BT 549.27 428.06 Td (17) 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 (574,1) Tj ET Q q 0 0 0 rg BT 375.27 404.06 Td (14) 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 \(loss\) earnings 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 (Net income from discontinued operations) 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 (\(1) Tj ET Q q 0 0 0 rg BT 479.41 334.06 Td (1,137) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 334.06 Td (\)) 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 53.00 320.41 Td ( Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 320.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 320.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 320.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 320.06 Td (390,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 320.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 320.06 Td (130,647) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 320.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 320.06 Td (\(521,133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 320.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 320.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 320.06 Td (463,975) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (109) 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 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 501.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 501.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 473.50 226.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 473.50 54.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 409.50 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 276.5 487.5 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 276.5 409.5 m 330.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 396.5 m 330.5 396.5 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 334.5 409.5 m 388.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 396.5 m 388.5 396.5 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 392.5 409.5 m 446.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 396.5 m 446.5 396.5 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 450.5 409.5 m 504.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 396.5 m 504.5 396.5 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 508.5 409.5 m 562.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 396.5 m 562.5 396.5 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 BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 694.73 Td (Y) Tj ET Q q 0 0 0 rg BT 371.03 694.73 Td (ear) Tj ET Q q 0 0 0 rg BT 381.62 694.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 442.35 694.73 Td ( 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 (Par) Tj ET Q q 0 0 0 rg BT 303.87 673.73 Td (ent) 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 mar) Tj ET Q q 0 0 0 rg BT 110.23 632.41 Td (gin) 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 (408,1) Tj ET Q q 0 0 0 rg BT 375.27 604.06 Td (12) 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 (19,51) Tj ET Q q 0 0 0 rg BT 554.02 576.06 Td (1) 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 (T) Tj ET Q q 0 0 0 rg BT 76.47 478.41 Td (otal 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 297.50 456.06 Td (\(38,921) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 456.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 456.06 Td (528,846) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 456.06 Td (159,105) 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 527.90 456.06 Td (649,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 442.41 Td (\(Benefit\) provision for income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 297.50 442.06 Td (\(16,054) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 442.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 442.06 Td (205,176) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.65 442.06 Td (30,581) 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 527.90 442.06 Td (219,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 428.41 Td (Equity in \(loss\) earnings of unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 302.25 428.06 Td (\(1,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.80 428.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 375.30 428.06 Td (59) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.25 428.06 Td (\(5,163) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 442.80 428.06 Td (\)) 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 534.25 428.06 Td (\(6,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 428.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 414.41 Td (Equity in earnings of subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 414.06 Td (447,090) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 358.65 414.06 Td (24,632) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.30 414.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 414.06 Td (\(471,722) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 414.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 414.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 400.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.00 400.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.90 400.06 Td (423,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.00 400.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 353.90 400.06 Td (348,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.00 400.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.90 400.06 Td (123,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.00 400.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 400.06 Td (\(471,722) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 400.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 400.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 400.06 Td (423,223) Tj ET Q BT /F1 10.00 Tf ET 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 /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 50.50 613.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 613.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 613.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 613.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 613.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 613.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 613.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.50 236.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 585.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 585.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 585.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 585.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 585.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 585.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 585.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 585.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 585.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.50 236.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 537.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 537.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 537.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 537.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 537.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 537.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 537.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 537.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 537.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 499.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 499.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 499.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 499.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 499.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 499.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 499.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 499.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 499.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.50 236.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 471.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 471.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 471.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 471.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 471.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 471.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 471.50 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 471.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 471.50 52.00 -24.00 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 286.5 641.5 m 338.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 641.5 m 394.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 641.5 m 450.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 641.5 m 506.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 641.5 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 286.5 627.5 m 338.5 627.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 627.5 m 394.5 627.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 627.5 m 450.5 627.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 627.5 m 506.5 627.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 627.5 m 562.5 627.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 513.5 m 338.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 513.5 m 394.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 513.5 m 450.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 513.5 m 506.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 513.5 m 562.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 513.5 m 394.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 447.5 m 338.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 424.5 m 338.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 422.5 m 338.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 447.5 m 394.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 424.5 m 394.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 422.5 m 394.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 447.5 m 450.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 424.5 m 450.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 422.5 m 450.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 447.5 m 506.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 424.5 m 506.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 422.5 m 506.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 447.5 m 562.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 424.5 m 562.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 422.5 m 562.5 422.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 694.73 Td (Y) Tj ET Q q 0 0 0 rg BT 376.03 694.73 Td (ear) Tj ET Q q 0 0 0 rg BT 386.62 694.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 447.35 694.73 Td ( 31, 2017) 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 (Par) Tj ET Q q 0 0 0 rg BT 312.87 673.73 Td (ent) 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 /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 660.57 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 660.06 Td (533,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 660.06 Td (523,610) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 660.06 Td (138,045) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 660.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 660.06 Td (\(665,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 660.06 Td (\)) 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 (530,228) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 646.41 Td (Less: net loss attributable to noncontrolling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 646.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 646.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 646.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 646.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 646.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 646.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 646.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 632.41 Td (Net income attributable to LKQ stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 632.06 Td (533,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 632.06 Td (523,610) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 632.06 Td (141,561) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 632.06 Td (\(665,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 632.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 632.06 Td (533,744) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 604.57 Td (Other) Tj ET Q q 0 0 0 rg BT 77.18 604.57 Td ( compr) Tj ET Q q 0 0 0 rg BT 105.77 604.57 Td (ehensive income \(loss\):) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 590.41 Td (Foreign currency translation, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 590.06 Td (200,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 590.06 Td (16,743) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 590.06 Td (206,049) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 590.06 Td (\(222,792) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 590.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 590.06 Td (200,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 576.41 Td (Net change in unrecognized gains/losses on derivative) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 566.91 Td (instruments, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 566.06 Td (3,447) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 373.35 566.06 Td (\(133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 566.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 566.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.55 566.06 Td (133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 566.06 Td (3,447) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 552.41 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 80.00 542.91 Td (net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 542.06 Td (\(6,035) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 542.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 542.06 Td (\(3,254) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 542.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 542.06 Td (\(2,781) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 542.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.40 542.06 Td (6,035) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 542.06 Td (\(6,035) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 542.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 528.41 Td (Net change in other comprehensive loss from) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 518.91 Td (unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 518.06 Td (\(1,309) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 518.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 518.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 518.06 Td (\(1,309) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 518.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.40 518.06 Td (1,309) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 518.06 Td (\(1,309) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 518.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 504.41 Td (Other comprehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 504.06 Td (196,699) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 504.06 Td (13,356) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 504.06 Td (201,959) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 504.06 Td (\(215,315) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 504.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 504.06 Td (196,699) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 476.57 Td (Compr) Tj ET Q q 0 0 0 rg BT 81.85 476.57 Td (ehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 476.06 Td (730,443) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 476.06 Td (536,966) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 476.06 Td (340,004) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 476.06 Td (\(880,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 476.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 476.06 Td (726,927) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 462.41 Td (Less: comprehensive loss attributable to noncontrolling) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 452.91 Td (interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 452.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 452.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 452.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 452.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 452.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 452.06 Td (\(3,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 452.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 438.41 Td (Comprehensive income attributable to LKQ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 428.91 Td (stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 428.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 428.06 Td (730,443) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 428.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 428.06 Td (536,966) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 428.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 428.06 Td (343,520) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 428.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 428.06 Td (\(880,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 428.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 428.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 428.06 Td (730,443) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 368.25 Td (LKQ CORPORA) Tj ET Q q 0 0 0 rg BT 282.14 368.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 309.65 368.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.55 350.25 Td (Condensed Consolidating Statements of Compr) Tj ET Q q 0 0 0 rg BT 372.16 350.25 Td (ehensive Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 338.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 298.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 298.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 298.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 298.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 298.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 298.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 298.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 298.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 298.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 298.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 270.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 270.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 270.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 270.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 270.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 270.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 270.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 270.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 270.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.50 236.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 235.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 235.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 235.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 235.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 235.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 235.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 235.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 235.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 235.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 200.50 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 200.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 200.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 200.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 200.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 200.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 200.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 200.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 200.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 200.50 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 286.5 319.5 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 338.5 319.5 m 342.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 319.5 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 394.5 319.5 m 398.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 319.5 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 450.5 319.5 m 454.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 319.5 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 506.5 319.5 m 510.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 319.5 m 562.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 298.5 m 338.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 298.5 m 394.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 298.5 m 450.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 298.5 m 506.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 298.5 m 562.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 298.5 m 338.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 298.5 m 394.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 298.5 m 450.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 298.5 m 506.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 298.5 m 562.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 214.5 m 338.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 214.5 m 394.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 214.5 m 450.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 214.5 m 506.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 214.5 m 562.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 200.5 m 338.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 214.5 m 394.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 200.5 m 394.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 214.5 m 450.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 200.5 m 450.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 214.5 m 506.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 200.5 m 506.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 214.5 m 562.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 200.5 m 562.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 187.5 m 338.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 185.5 m 338.5 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 200.5 m 394.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 187.5 m 394.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 185.5 m 394.5 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 200.5 m 450.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 187.5 m 450.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 185.5 m 450.5 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 200.5 m 506.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 187.5 m 506.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 185.5 m 506.5 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 200.5 m 562.5 200.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 187.5 m 562.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 185.5 m 562.5 185.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 323.73 Td (Y) Tj ET Q q 0 0 0 rg BT 376.03 323.73 Td (ear) Tj ET Q q 0 0 0 rg BT 386.62 323.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 447.35 323.73 Td ( 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 302.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 302.73 Td (Par) Tj ET Q q 0 0 0 rg BT 312.87 302.73 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 302.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 310.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 302.73 Td (Guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 302.73 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 302.73 Td (Consolidated) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 289.41 Td (Net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 289.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 289.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 289.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 289.06 Td (390,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 289.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 289.06 Td (130,647) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 289.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 289.06 Td (\(521,133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 289.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 289.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 289.06 Td (463,975) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 275.41 Td (Other comprehensive \(loss\) income:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 261.41 Td (Foreign currency translation, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 261.06 Td (\(175,639) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 261.06 Td (\(48,914) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 261.06 Td (\(177,91) Tj ET Q q 0 0 0 rg BT 442.04 261.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 261.06 Td (226,825) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 261.06 Td (\(175,639) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 247.41 Td (Net change in unrecognized gains/losses on derivative) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 237.96 Td (instruments, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 240.06 Td (9,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 376.55 240.06 Td (133) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 432.55 240.06 Td (389) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.35 240.06 Td (\(522) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 240.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 240.06 Td (9,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 226.41 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 80.00 216.96 Td (net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 219.06 Td (4,91) Tj ET Q q 0 0 0 rg BT 330.02 219.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.40 219.06 Td (3,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 219.06 Td (1,061) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.25 219.06 Td (\(5,023) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 219.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 219.06 Td (4,91) Tj ET Q q 0 0 0 rg BT 554.02 219.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 205.41 Td (Other comprehensive loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 205.06 Td (\(161,705) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 205.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 205.06 Td (\(44,819) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 205.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 205.06 Td (\(176,461) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 205.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 205.06 Td (221,280) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 205.06 Td (\(161,705) Tj ET Q 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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 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 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 279.5 305.5 m 331.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 305.5 m 387.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 305.5 m 445.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 305.5 m 504.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 305.5 m 562.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 193.5 m 331.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 193.5 m 387.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 193.5 m 445.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 193.5 m 504.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 193.5 m 562.5 193.5 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) Tj ET Q q 0 0 0 rg BT 422.82 694.73 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.50 673.73 Td (Par) Tj ET Q q 0 0 0 rg BT 305.87 673.73 Td (ent) 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 cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 632.06 Td (34,360) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 632.06 Td (35,131) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 632.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 632.06 Td (210,275) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 632.06 Td ($) 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 (279,766) 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 (290,958) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 618.06 Td (736,148) 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 520.75 618.06 Td (1,027,106) 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 (2,669) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 604.06 Td (3,010) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 427.55 604.06 Td (230) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 604.06 Td (\(5,909) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 604.06 Td (\)) 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 (1,334,766) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 590.06 Td (1,046,017) 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 (2,380,783) 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 (34,136) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 576.06 Td (44,849) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 576.06 Td (55,494) 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 (134,479) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 562.41 Td (T) Tj ET Q q 0 0 0 rg BT 94.47 562.41 Td (otal current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 562.06 Td (71,165) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 562.06 Td (1,708,714) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 562.06 Td (2,048,164) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 562.06 Td (\(5,909) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 562.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 562.06 Td (3,822,134) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 548.41 Td (Property) Tj ET Q q 0 0 0 rg BT 85.41 548.41 Td (, plant and equipment, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.55 548.06 Td (910) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 548.06 Td (563,262) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 548.06 Td (348,917) 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 (913,089) 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 (2,010,209) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 520.06 Td (1,526,302) 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 (3,536,51) Tj ET Q q 0 0 0 rg BT 554.00 520.06 Td (1) 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 (291,036) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 506.06 Td (452,733) 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 (743,769) 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 (5,952,687) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 492.06 Td (102,931) 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 (\(6,055,618) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 492.06 Td (\)) 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 289.75 478.06 Td (1,156,550) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 478.06 Td (782,638) 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 (\(1,939,188) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 478.06 Td (\)) 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 (336) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 464.06 Td (208,068) 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 527.90 464.06 Td (208,404) 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 (70,590) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 450.06 Td (33,597) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 450.06 Td (38,778) 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 (142,965) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 436.41 Td (T) Tj ET Q q 0 0 0 rg BT 94.47 436.41 Td (otal assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 436.06 Td (7,251,902) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 436.06 Td (5,492,723) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 436.06 Td (4,622,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 436.06 Td (\(8,000,715) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 436.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 436.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 436.06 Td (9,366,872) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.60 422.57 Td (Liabilities and Stockholders) Tj ET Q q 0 0 0 rg BT 207.56 422.57 Td ( Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 408.41 Td (Current liabilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 394.41 Td (Accounts payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 394.06 Td (5,742) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 394.06 Td (340,951) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 394.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 394.06 Td (441,920) 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 (788,613) 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 369.55 380.06 Td (230) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.40 380.06 Td (5,679) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 380.06 Td (\(5,909) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 380.06 Td (\)) 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 (9,448) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 352.06 Td (65,81) Tj ET Q q 0 0 0 rg BT 379.02 352.06 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 352.06 Td (68,165) 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 527.90 352.06 Td (143,424) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 338.41 Td (Other accrued expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.40 338.06 Td (5,219) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 338.06 Td (95,900) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 338.06 Td (1) Tj ET Q q 0 0 0 rg BT 415.65 338.06 Td (17,481) 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 (218,600) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 324.41 Td (Other current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.55 324.06 Td (282) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 324.06 Td (27,066) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 324.06 Td (18,379) 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 (45,727) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 310.41 Td (Current portion of long-term obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 310.06 Td (16,468) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 310.06 Td (1,912) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 310.06 Td (107,980) 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 (126,360) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 296.41 Td (T) Tj ET Q q 0 0 0 rg BT 94.47 296.41 Td (otal current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 296.06 Td (37,159) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 296.06 Td (531,870) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 296.06 Td (759,604) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 296.06 Td (\(5,909) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 296.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 296.06 Td (1,322,724) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 282.41 Td (Long-term obligations, excluding current portion) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 282.06 Td (2,095,826) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 282.06 Td (7,372) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 282.06 Td (1,174,422) 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 520.75 282.06 Td (3,277,620) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 268.41 Td (Intercompany notes payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.90 268.06 Td (750,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 268.06 Td 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/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 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 335.5 557.5 m 387.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 557.5 m 445.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 557.5 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 279.5 557.5 m 331.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 557.5 m 387.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 557.5 m 445.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 557.5 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 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 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 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 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 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 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 279.5 277.5 m 331.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 277.5 m 387.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 277.5 m 445.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 277.5 m 504.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 277.5 m 331.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 277.5 m 387.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 277.5 m 445.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 277.5 m 504.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 277.5 m 562.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 193.5 m 331.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 193.5 m 387.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 193.5 m 445.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 193.5 m 504.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 193.5 m 562.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 193.5 m 331.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 180.5 m 331.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 178.5 m 331.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 193.5 m 387.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 180.5 m 387.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 178.5 m 387.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 193.5 m 445.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 180.5 m 445.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 178.5 m 445.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 193.5 m 504.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 180.5 m 504.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 178.5 m 504.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 193.5 m 562.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 180.5 m 562.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 178.5 m 562.5 178.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.25 694.73 Td (December) Tj ET Q q 0 0 0 rg BT 422.82 694.73 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.50 673.73 Td (Par) Tj ET Q q 0 0 0 rg BT 305.87 673.73 Td (ent) 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 cash 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 (1) Tj ET Q q 0 0 0 rg BT 362.40 604.06 Td (1,237) 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 (T) Tj ET Q q 0 0 0 rg BT 94.47 548.41 Td (otal 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) Tj ET Q q 0 0 0 rg BT 85.10 534.41 Td (, plant) Tj ET Q BT /F1 9.30 Tf ET q 0 0 0 rg BT 108.85 534.41 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 111.17 534.41 Td (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 (81) Tj ET Q q 0 0 0 rg BT 537.40 534.06 Td (1,576) 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 (T) Tj ET Q q 0 0 0 rg BT 94.47 422.41 Td (otal 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 ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 422.06 Td (8,303,199) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.60 408.57 Td (Liabilities and Stockholders) Tj ET Q q 0 0 0 rg BT 207.56 408.57 Td ( Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 394.41 Td (Current liabilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 380.41 Td (Accounts payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 380.06 Td ($) 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 (1) Tj ET Q q 0 0 0 rg BT 306.40 366.06 Td (1,237) 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 (1) Tj ET Q q 0 0 0 rg BT 532.65 338.06 Td (18,755) 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 (5,502) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 324.06 Td (94,287) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 324.06 Td (109,312) 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 (209,101) 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 306.40 310.06 Td (4,283) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 310.06 Td (18,456) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 310.06 Td (15,204) 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 (37,943) 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 (37,710) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 296.06 Td (1,097) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 296.06 Td (27,302) 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 (66,109) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 282.41 Td (Liabilities of discontinued operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 282.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 282.06 Td (1) Tj ET Q q 0 0 0 rg BT 357.65 282.06 Td (10,890) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 282.06 Td (34,214) 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 527.90 282.06 Td (145,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 268.41 Td (T) Tj ET Q q 0 0 0 rg BT 94.47 268.41 Td (otal current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 268.06 Td (66,445) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 352.90 268.06 Td (535,828) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 268.06 Td (631,391) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 268.06 Td (\(22,879) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 268.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 268.06 Td (1,210,785) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 254.41 Td (Long-term obligations, excluding current portion) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 254.06 Td (2,371,578) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.40 254.06 Td (8,356) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 254.06 Td (895,728) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 254.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 254.06 Td (3,275,662) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 240.41 Td (Intercompany notes payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.90 240.06 Td (750,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 240.06 Td (1,074,218) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 240.06 Td (486,599) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 240.06 Td (\(2,310,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 240.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 240.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 226.41 Td (Deferred income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 318.30 226.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 226.06 Td (95,765) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.90 226.06 Td (109,580) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.25 226.06 Td (\(5,688) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 226.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 226.06 Td (199,657) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 212.41 Td (Other noncurrent liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.65 212.06 Td (44,299) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.65 212.06 Td (90,722) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.65 212.06 Td (39,125) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 212.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 212.06 Td (174,146) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 198.41 Td (T) Tj ET Q q 0 0 0 rg BT 58.14 198.41 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 125.24 198.41 Td ( equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 198.06 Td (3,442,949) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 198.06 Td (3,641,108) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 198.06 Td (1,668,221) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 198.06 Td (\(5,309,329) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 198.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 198.06 Td (3,442,949) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 184.41 Td (T) Tj ET Q q 0 0 0 rg BT 94.14 184.41 Td (otal liabilities and stockholders' equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.00 184.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.75 184.06 Td (6,675,271) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.00 184.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.75 184.06 Td (5,445,997) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 184.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.75 184.06 Td (3,830,644) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 452.00 184.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.60 184.06 Td (\(7,648,713) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 184.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 184.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 184.06 Td (8,303,199) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 229 0 obj <> endobj 230 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 (14) 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 50.50 589.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 589.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 589.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 565.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 565.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 541.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 541.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.50 235.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 517.50 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 517.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 517.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 517.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 517.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 517.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 517.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 517.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 517.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 484.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 484.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 484.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 484.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 484.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 484.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 484.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 484.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 484.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 460.50 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 436.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 436.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 436.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 436.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 436.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.50 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 412.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 412.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 412.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 412.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 412.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 412.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 412.50 52.00 -12.00 re f /GS0 gs 0.8 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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 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 285.5 646.5 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 285.5 553.5 m 336.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 553.5 m 392.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 553.5 m 448.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 553.5 m 504.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 553.5 m 562.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 553.5 m 336.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 541.5 m 336.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 553.5 m 392.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 541.5 m 392.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 553.5 m 448.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 541.5 m 448.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 553.5 m 504.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 541.5 m 504.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 553.5 m 562.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 541.5 m 562.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 364.5 m 336.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 364.5 m 392.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 364.5 m 448.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 364.5 m 504.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 364.5 m 562.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 352.5 m 336.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 352.5 m 392.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 352.5 m 448.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 352.5 m 504.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 352.5 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 285.5 352.5 m 336.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 352.5 m 392.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 352.5 m 448.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 352.5 m 504.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 352.5 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 285.5 330.5 m 336.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 318.5 m 336.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 330.5 m 392.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 318.5 m 392.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 330.5 m 448.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 318.5 m 448.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 330.5 m 504.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 318.5 m 504.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 330.5 m 562.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 318.5 m 562.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 318.5 m 336.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 318.5 m 392.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 318.5 m 448.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 318.5 m 504.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 273.5 m 336.5 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 273.5 m 392.5 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 273.5 m 448.5 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 273.5 m 504.5 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 273.5 m 562.5 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 251.5 m 336.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 251.5 m 392.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 251.5 m 448.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 251.5 m 504.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 251.5 m 562.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 240.5 m 336.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 238.5 m 336.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 240.5 m 392.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 238.5 m 392.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 240.5 m 448.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 238.5 m 448.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 240.5 m 504.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 238.5 m 504.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 240.5 m 562.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 238.5 m 562.5 238.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.20 695.58 Td (Y) Tj ET Q q 0 0 0 rg BT 375.53 695.58 Td (ear) Tj ET Q q 0 0 0 rg BT 386.12 695.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 446.85 695.58 Td ( 31, 2017) 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 (Par) Tj ET Q q 0 0 0 rg BT 311.37 674.73 Td (ent) 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 OPERA) Tj ET Q q 0 0 0 rg BT 175.21 661.41 Td (TING ) Tj ET Q q 0 0 0 rg BT 199.49 661.41 Td (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 ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.90 649.41 Td (243,01) Tj ET Q q 0 0 0 rg BT 328.02 649.41 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 343.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.90 649.41 Td (481,384) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 649.41 Td (95,617) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.75 649.41 Td (\(301,1) Tj ET Q q 0 0 0 rg BT 491.29 649.41 Td (12) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 649.41 Td (\)) 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 (518,900) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 637.41 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 197.37 637.41 Td (ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 625.41 Td (Purchases of property) Tj ET Q q 0 0 0 rg BT 153.53 625.41 Td (, plant and equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 315.35 625.41 Td (\(648) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.50 625.41 Td (\(87,102) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.50 625.41 Td (\(91,340) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 625.41 Td (\)) 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 (\(179,090) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 625.41 Td (\)) 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 306.65 606.06 Td (57,735) 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 471.50 606.06 Td (\(57,735) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 606.06 Td (\)) 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 323.30 592.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 592.41 Td (\(335,582) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 592.41 Td (\(177,506) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 592.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 592.41 Td (\(513,088) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 580.41 Td (Proceeds from disposals of business/investment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 580.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 357.90 580.41 Td (305,740) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.25 580.41 Td (\(4,443) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 580.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 580.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 580.41 Td (301,297) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 568.41 Td (Investments in unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 568.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.25 568.41 Td (\(2,750) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.25 568.41 Td (\(4,914) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 568.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 568.41 Td (\(7,664) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 556.41 Td (Other investing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 556.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 367.40 556.41 Td (6,490) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 423.40 556.41 Td (7,460) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 556.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 556.41 Td (13,950) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 544.41 Td (Net cash provided by \(used in\) investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 544.41 Td (57,087) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 544.41 Td (\(1) Tj ET Q q 0 0 0 rg BT 362.66 544.41 Td (13,204) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 544.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 544.41 Td (\(270,743) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 544.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.50 544.41 Td (\(57,735) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 500.80 544.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 544.41 Td (\(384,595) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 544.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 532.41 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 198.96 532.41 Td (ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 520.41 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 311.40 520.41 Td (7,470) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 520.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 520.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 520.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 520.41 Td (7,470) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 508.41 Td (T) Tj ET Q q 0 0 0 rg BT 76.47 508.41 Td (axes paid related to net share settlements of stock-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 498.96 Td (based compensation awards) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.25 501.06 Td (\(5,525) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 501.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 501.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 501.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 501.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 501.06 Td (\(5,525) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 501.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 487.41 Td (Debt issuance costs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.25 487.41 Td (\(4,267) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 487.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 487.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 487.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 487.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 487.41 Td (\(4,267) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 487.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 475.41 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 301.90 475.41 Td (558,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 475.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 475.41 Td (281,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 475.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 475.41 Td (839,171) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 463.41 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 298.75 463.41 Td (\(824,862) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 463.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 463.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.75 463.41 Td (\(121,615) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 463.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 463.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 463.41 Td (\(946,477) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 463.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 451.41 Td (Repayments under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.50 451.41 Td (\(27,884) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 451.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 451.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 451.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 451.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 451.41 Td (\(27,884) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 451.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 439.41 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 439.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 439.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 439.41 Td (1) Tj ET Q q 0 0 0 rg BT 423.40 439.41 Td (1,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 439.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 439.41 Td (1) Tj ET Q q 0 0 0 rg BT 537.40 439.41 Td (1,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 427.41 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 427.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 427.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.50 427.41 Td (\(1) Tj ET Q q 0 0 0 rg BT 423.41 427.41 Td (1,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 427.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 427.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 427.41 Td (\(1) Tj ET Q q 0 0 0 rg BT 537.41 427.41 Td (1,245) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 427.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 415.41 Td (\(Repayments\) borrowings of other debt, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.25 415.41 Td (\(1,700) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 415.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.25 415.41 Td (\(1,318) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 415.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 415.41 Td (22,724) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 415.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 415.41 Td (19,706) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 403.41 Td (Payments of other obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.25 403.41 Td (\(1,336) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 403.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 427.35 403.41 Td (\(741) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 444.80 403.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 403.41 Td (\(2,077) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 403.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 391.41 Td (Investment and intercompany note activity with parent) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 391.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.50 391.41 Td (\(65,498) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 391.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 423.40 391.41 Td (7,763) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 474.65 391.41 Td (57,735) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 391.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 379.41 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 379.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 379.41 Td (\(301,1) Tj ET Q q 0 0 0 rg BT 379.29 379.41 Td (12) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 379.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 435.30 379.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.90 379.41 Td (301,1) Tj ET Q q 0 0 0 rg BT 491.27 379.41 Td (12) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 379.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 367.41 Td (Other financing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 367.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 379.30 367.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 423.40 367.41 Td (7,316) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 367.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 367.41 Td (7,316) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 355.41 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 298.75 355.41 Td (\(298,768) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.80 355.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.75 355.41 Td (\(369,264) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 355.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 355.41 Td (196,618) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.90 355.41 Td (358,847) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 355.41 Td (\(1) Tj ET Q q 0 0 0 rg BT 532.66 355.41 Td (12,567) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 355.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 343.41 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.88 343.41 Td (fect of exchange rate changes on cash and cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 333.91 Td (equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 335.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 374.55 335.06 Td (706) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 335.06 Td (22,806) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 335.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 335.06 Td (23,512) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 321.41 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 311.40 321.41 Td (1,330) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 371.35 321.41 Td (\(378) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.80 321.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.65 321.41 Td (44,298) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 321.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 321.41 Td (45,250) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 309.41 Td (Cash and cash equivalents of continuing operations,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 299.91 Td (beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 301.06 Td (33,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.65 301.06 Td (35,360) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 301.06 Td (159,010) 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 527.90 301.06 Td (227,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 287.41 Td (Add: Cash and cash equivalents of discontinued) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 277.91 Td (operations, beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.30 278.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 374.55 278.06 Td (149) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 423.40 278.06 Td (6,967) 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 537.40 278.06 Td (7,1) Tj ET Q q 0 0 0 rg BT 549.27 278.06 Td (16) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 264.41 Td (Cash and cash equivalents of continuing and discontinued) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 254.91 Td (operations, beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 256.06 Td (33,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.65 256.06 Td (35,509) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 256.06 Td (165,977) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 256.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 256.06 Td (234,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 242.41 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 288.00 242.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 306.65 242.41 Td (34,360) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 343.00 242.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 362.65 242.41 Td (35,131) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.00 242.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.90 242.41 Td (210,275) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.00 242.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 491.30 242.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.00 242.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 242.41 Td (279,766) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 231 0 obj <> endobj 232 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 (15) 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 50.50 670.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 670.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 670.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 646.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 646.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.50 236.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 622.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 622.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 589.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 589.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 565.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 565.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 541.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 541.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 517.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 517.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 517.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 517.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 517.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 517.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 517.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 517.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 517.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 484.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 484.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 484.50 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0.9333333333333333 1 rg /GS0 gs 342.50 388.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 388.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 388.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 388.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 388.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 388.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 388.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 364.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 364.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 364.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 364.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 364.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 364.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 364.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 364.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 364.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 340.50 236.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 340.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 340.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 340.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 340.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 340.50 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.50 236.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 316.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 316.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 316.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 316.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 316.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 316.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 316.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 316.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 316.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 282.50 236.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 282.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 282.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 282.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 282.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 282.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 282.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 282.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 282.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 282.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 239.50 236.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 239.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 239.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 239.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 239.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 239.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 239.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 239.50 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 239.50 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 239.50 52.00 -22.00 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 286.5 541.5 m 338.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 541.5 m 394.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 541.5 m 450.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 541.5 m 506.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 541.5 m 562.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 541.5 m 338.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 529.5 m 338.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 541.5 m 394.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 529.5 m 394.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 541.5 m 450.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 529.5 m 450.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 541.5 m 506.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 529.5 m 506.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 541.5 m 562.5 541.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 529.5 m 562.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 328.5 m 338.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 328.5 m 394.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 328.5 m 450.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 328.5 m 506.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 328.5 m 562.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 328.5 m 338.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 316.5 m 338.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 328.5 m 394.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 316.5 m 394.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 328.5 m 450.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 316.5 m 450.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 328.5 m 506.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 316.5 m 506.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 316.5 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 286.5 316.5 m 338.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 294.5 m 338.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 316.5 m 394.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 294.5 m 394.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 316.5 m 450.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 294.5 m 450.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 316.5 m 506.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 294.5 m 506.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 316.5 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 510.5 294.5 m 562.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 260.5 m 338.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 260.5 m 394.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 260.5 m 450.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 260.5 m 506.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 260.5 m 562.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 260.5 m 338.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 260.5 m 394.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 260.5 m 450.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 260.5 m 506.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 260.5 m 562.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 217.5 m 338.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 217.5 m 394.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 217.5 m 450.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 217.5 m 506.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 217.5 m 562.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 206.5 m 338.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 204.5 m 338.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 217.5 m 394.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 206.5 m 394.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 204.5 m 394.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 217.5 m 450.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 206.5 m 450.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 204.5 m 450.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 217.5 m 506.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 206.5 m 506.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 204.5 m 506.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 217.5 m 562.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 206.5 m 562.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 204.5 m 562.5 204.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 695.58 Td (Y) Tj ET Q q 0 0 0 rg BT 376.03 695.58 Td (ear) Tj ET Q q 0 0 0 rg BT 386.62 695.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 447.35 695.58 Td ( 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 300.50 674.73 Td (Par) Tj ET Q q 0 0 0 rg BT 312.87 674.73 Td (ent) 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 OPERA) Tj ET Q q 0 0 0 rg BT 175.21 661.41 Td (TING ) Tj ET Q q 0 0 0 rg BT 199.49 661.41 Td (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 ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 649.41 Td (308,299) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 649.41 Td (539,318) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 649.41 Td (99,894) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 649.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.75 649.41 Td (\(312,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 649.41 Td (\)) 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 (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 ) Tj ET Q q 0 0 0 rg BT 197.37 637.41 Td (ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 625.41 Td (Purchases of property) Tj ET Q q 0 0 0 rg BT 153.53 625.41 Td (, plant and equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 322.10 625.41 Td (\(36) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 625.41 Td (\(120,761) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 625.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 625.41 Td (\(86,277) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 625.41 Td (\)) 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 (\(207,074) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 625.41 Td (\)) 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 293.60 606.06 Td (\(1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 606.06 Td (\)) 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 464.75 606.06 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 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 (\(685,278) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 592.41 Td (\(664,061) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 592.41 Td (\)) 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 517.60 592.41 Td (\(1,349,339) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 592.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 580.41 Td (Proceeds from disposal of business/investment) 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 381.30 580.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 580.41 Td (10,304) 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 532.65 580.41 Td (10,304) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 568.41 Td (Investments in unconsolidated subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 568.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 568.41 Td (\(4,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 568.41 Td (\(181,271) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 568.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 568.41 Td (\(185,671) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 568.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 556.41 Td (Proceeds from foreign exchange contracts) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 556.41 Td (18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 556.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 556.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 556.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 556.41 Td (18,342) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 544.41 Td (Other investing activities, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 330.05 544.41 Td (3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.40 544.41 Td (1,953) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 544.41 Td (1,554) 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 (3,510) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 532.41 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 293.60 532.41 Td (\(1,702,423) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 532.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 532.41 Td (\(808,486) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 532.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 532.41 Td (\(919,751) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 532.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.75 532.41 Td (1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 517.60 532.41 Td (\(1,709,928) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 532.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 520.41 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 198.96 520.41 Td (ACTIVITIES:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 508.41 Td (Proceeds from exercise of stock options) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 508.41 Td (7,963) 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 437.30 508.41 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 537.40 508.41 Td (7,963) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 496.41 Td (T) Tj ET Q q 0 0 0 rg BT 76.47 496.41 Td (axes paid related to net share settlements of stock-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 486.96 Td (based compensation awards) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 489.06 Td (\(4,438) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 489.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 489.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 489.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 489.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 489.06 Td (\(4,438) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 489.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 475.41 Td (Debt issuance costs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.25 475.41 Td (\(7,104) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 475.41 Td (\)) 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 422.25 475.41 Td (\(9,450) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 475.41 Td (\)) 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 (\(16,554) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 475.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 463.41 Td (Proceeds from issuance of Euro Notes \(2024\)) 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 415.90 463.41 Td (563,450) 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 527.90 463.41 Td (563,450) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 451.41 Td (Borrowings under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.75 451.41 Td (1,744,408) 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 415.90 451.41 Td (892,188) 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 520.75 451.41 Td (2,636,596) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 439.41 Td (Repayments under revolving credit facilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 439.41 Td (\(654,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 439.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 439.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.60 439.41 Td (\(1,094,664) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 439.41 Td (\)) 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 517.60 439.41 Td (\(1,748,664) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 439.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 427.41 Td (Borrowings under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 303.90 427.41 Td (332,954) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 427.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 427.41 Td (249,161) 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 527.90 427.41 Td (582,1) Tj ET Q q 0 0 0 rg BT 549.27 427.41 Td (15) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 415.41 Td (Repayments under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 415.41 Td (\(10,898) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 415.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 415.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 415.41 Td (\(244,894) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 415.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 415.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 415.41 Td (\(255,792) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 415.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 403.41 Td (Borrowings under receivables securitization facility) 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 381.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 403.41 Td (106,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 403.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 403.41 Td (106,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 391.41 Td (Repayments under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 391.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 391.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 391.41 Td (\(69,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 391.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 391.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 391.41 Td (\(69,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 391.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 379.41 Td (Borrowings \(repayments\) of other debt, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 320.55 379.41 Td (653) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 379.41 Td (\(2,935) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 379.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 379.41 Td (\(28,874) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 379.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 379.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 379.41 Td (\(31,156) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 379.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 367.41 Td (Payments of Rhiag debt and related payments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 367.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 367.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 367.41 Td (\(543,347) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 367.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 367.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 367.41 Td (\(543,347) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 367.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 355.41 Td (Payments of other obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 355.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 355.41 Td (\(1,436) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 355.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 355.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 355.41 Td (\(1,436) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 355.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 343.41 Td (Investment and intercompany note activity with parent) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 343.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 343.41 Td (608,270) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 408.75 343.41 Td (1,1) Tj ET Q q 0 0 0 rg BT 420.63 343.41 Td (12,462) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 461.60 343.41 Td (\(1,720,732) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 343.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 343.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 331.41 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 331.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 331.41 Td (\(312,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 331.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.30 331.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 331.41 Td (312,497) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 331.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 319.41 Td (Net cash provided by financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.75 319.41 Td (1,409,538) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 359.90 319.41 Td (291,402) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 319.41 Td (933,032) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 461.60 319.41 Td (\(1,408,235) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 319.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 319.41 Td (1,225,737) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 307.41 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.88 307.41 Td (fect of exchange rate changes on cash and cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 297.91 Td (equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 299.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 373.35 299.06 Td (\(157) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 299.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 299.06 Td (\(3,547) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 299.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 299.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 299.06 Td (\(3,704) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 299.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 285.41 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 285.41 Td (15,414) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 285.41 Td (22,077) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 285.41 Td (109,628) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 285.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 285.41 Td (147,1) Tj ET Q q 0 0 0 rg BT 549.27 285.41 Td (19) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 273.41 Td (Cash and cash equivalents of continuing operations,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 263.91 Td (beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 265.06 Td (17,616) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 265.06 Td (13,432) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 265.06 Td (56,349) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 265.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 265.06 Td (87,397) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 251.41 Td (Cash and cash equivalents of continuing and discontinued) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 241.96 Td (operations, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 244.06 Td (33,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 244.06 Td (35,509) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.90 244.06 Td (165,977) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 244.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 244.06 Td (234,516) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 230.41 Td (Less: Cash and cash equivalents of discontinued) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 80.00 220.91 Td (operations, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 222.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 373.35 222.06 Td (\(149) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 222.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 222.06 Td (\(6,967) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 222.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 222.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 222.06 Td (\(7,1) Tj ET Q q 0 0 0 rg BT 549.29 222.06 Td (16) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 222.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 208.41 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 208.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 208.41 Td (33,030) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 208.41 Td ($) Tj ET Q BT /F1 9.50 Tf 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 385.5 m 506.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 397.5 m 562.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 385.5 m 562.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 385.5 m 338.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 363.5 m 338.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 385.5 m 394.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 363.5 m 394.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 385.5 m 450.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 363.5 m 450.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 385.5 m 506.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 363.5 m 506.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 385.5 m 562.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 363.5 m 562.5 363.5 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 342.5 339.5 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 398.5 339.5 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 454.5 339.5 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 510.5 339.5 m 562.5 339.5 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 286.5 328.5 m 338.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 326.5 m 338.5 326.5 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 342.5 328.5 m 394.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 326.5 m 394.5 326.5 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 398.5 328.5 m 450.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 326.5 m 450.5 326.5 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 454.5 328.5 m 506.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 326.5 m 506.5 326.5 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 328.5 m 562.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 326.5 m 562.5 326.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.70 695.58 Td (Y) Tj ET Q q 0 0 0 rg BT 376.03 695.58 Td (ear) Tj ET Q q 0 0 0 rg BT 386.62 695.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 447.35 695.58 Td ( 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 (Par) Tj ET Q q 0 0 0 rg BT 312.87 674.73 Td (ent) 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 OPERA) Tj ET Q q 0 0 0 rg BT 175.21 661.41 Td (TING ) Tj ET Q q 0 0 0 rg BT 199.49 661.41 Td (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 ) Tj ET Q q 0 0 0 rg BT 197.37 637.41 Td (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 80.00 603.91 Td (subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 604.06 Td (\(66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 604.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 604.06 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 476.65 604.06 Td (66,712) 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 (\(1) Tj ET Q q 0 0 0 rg BT 364.66 590.41 Td (18,963) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 590.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 590.41 Td (\(41,554) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 590.41 Td (\)) 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 (\(160,517) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 590.41 Td (\)) 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 369.40 578.41 Td (5,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 578.41 Td (\(4,432) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 578.41 Td (\)) 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 537.40 578.41 Td (1,014) 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 305.50 566.41 Td (\(66,713) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 566.41 Td (\(199,385) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.75 566.41 Td (\(130,607) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.65 566.41 Td (66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 566.41 Td (\(329,993) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 566.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 554.41 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 198.96 554.41 Td (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 (8,168) 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 (8,168) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 530.41 Td (T) Tj ET Q q 0 0 0 rg BT 76.14 530.41 Td (axes 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 310.25 522.06 Td (\(7,581) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 522.06 Td (\)) 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 534.25 522.06 Td (\(7,581) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 522.06 Td (\)) 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 325.30 508.41 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 (\(97) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 508.41 Td (\)) 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 546.10 508.41 Td (\(97) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 508.41 Td (\)) 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 (212,000) 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 (101,142) 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 527.90 496.41 Td (313,142) 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 (\(352,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 484.41 Td (\)) 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 417.50 484.41 Td (\(93,282) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 484.41 Td (\)) 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 524.75 484.41 Td (\(445,282) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 484.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 472.41 Td (Repayments under term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 472.41 Td (\(22,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 472.41 Td (\)) 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 529.50 472.41 Td (\(22,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 472.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 460.41 Td (Borrowings under receivables securitization facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 460.41 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 425.40 460.41 Td (3,858) 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 537.40 460.41 Td (3,858) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 448.41 Td (Repayments 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 417.50 448.41 Td (\(35,758) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 448.41 Td (\)) 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 529.50 448.41 Td (\(35,758) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 448.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 436.41 Td (Repayments \(borrowings\) of other debt, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.50 436.41 Td (\(31,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 436.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.25 436.41 Td (\(3,457) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 436.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 436.41 Td (5,261) 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 529.50 436.41 Td (\(29,696) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 436.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 424.41 Td (Payments of other obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 424.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 424.41 Td (\(21,896) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 424.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.35 424.41 Td (\(895) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 424.41 Td (\)) 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 (\(22,791) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 424.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 412.41 Td (Investment and intercompany note activity with parent) 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 364.65 412.41 Td (60,910) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 425.40 412.41 Td (5,802) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.50 412.41 Td (\(66,712) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.80 412.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 412.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 400.41 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 400.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 400.41 Td (\(248,313) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 400.41 Td (\)) 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 471.90 400.41 Td (248,313) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 400.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 388.41 Td (Net cash used in financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 300.75 388.41 Td (\(193,413) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 334.80 388.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 356.75 388.41 Td (\(212,756) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 388.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 388.41 Td (\(13,969) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 388.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.90 388.41 Td (181,601) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 388.41 Td (\(238,537) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 388.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 376.41 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.80 376.41 Td (fect of exchange rate changes on cash and cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 366.91 Td (equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 325.30 368.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.30 368.06 Td (48) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.25 368.06 Td (\(3,008) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 368.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 368.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 368.06 Td (\(2,960) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 368.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 354.41 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 313.40 354.41 Td (2,686) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 354.41 Td (\(18,671) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.80 354.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.50 354.41 Td (\(1) Tj ET Q q 0 0 0 rg BT 425.41 354.41 Td (1,223) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 446.80 354.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 354.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 354.41 Td (\(27,208) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 354.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 342.41 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 342.41 Td (14,930) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 342.41 Td (32,103) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 342.41 Td (67,572) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 342.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 342.41 Td (1) Tj ET Q q 0 0 0 rg BT 532.65 342.41 Td (14,605) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 330.41 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 289.00 330.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 308.65 330.41 Td (17,616) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 330.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.65 330.41 Td (13,432) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.00 330.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.65 330.41 Td (56,349) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.00 330.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.30 330.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.00 330.41 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 330.41 Td (87,397) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 235 0 obj <> endobj 236 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 (17) 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, 2017) 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, 2018) 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 the following businesses, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (were acquired during 2017: aftermarket parts distribution businesses in Belgium and Poland, ) Tj ET Q q 0 0 0 rg BT 423.35 361.25 Td (W) Tj ET Q q 0 0 0 rg BT 431.99 361.25 Td (arn Industries, Inc. and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (wholesale business in North ) Tj ET Q q 0 0 0 rg BT 164.43 349.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 203.68 349.25 Td (The financial statements of these businesses constitute 13% and 8% of net and total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (assets, respectively) Tj ET Q q 0 0 0 rg BT 125.99 337.25 Td (, 2% of revenue, and less than 1% of net income of the consolidated financial statement amounts as of and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (for the year ended December 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 308.25 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 50.00 296.25 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 50.00 284.25 Td (reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 254.95 284.25 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 416.11 284.25 Td (fectiveness to future periods are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 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 50.00 260.25 Td (the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 242.25 Td (Management assessed the ef) Tj ET Q q 0 0 0 rg BT 199.39 242.25 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 501.37 242.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 230.25 Td (. Management based this assessment on criteria for ef) Tj ET Q q 0 0 0 rg BT 283.92 230.25 Td (fective internal control over financial reporting described in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.48 230.25 Td (Internal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 72.97 218.25 Td (olIntegrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.61 218.25 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 383.03 218.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 456.44 218.25 Td (T) Tj ET Q q 0 0 0 rg BT 462.20 218.25 Td (readway Commission. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 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 50.00 194.25 Td (testing of the operational ef) Tj ET Q q 0 0 0 rg BT 159.78 194.25 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 50.00 182.25 Td (assessment with the ) Tj ET Q q 0 0 0 rg BT 131.38 182.25 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 86.00 164.25 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 334.55 164.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.13 164.25 Td (, the Company maintained ef) Tj ET Q q 0 0 0 rg BT 528.75 164.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (internal control over financial reporting. Deloitte& ) Tj ET Q q 0 0 0 rg BT 258.08 152.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.49 152.25 Td (oucheLLP) Tj ET Q q 0 0 0 rg BT 306.54 152.25 Td (, independent registered public accounting firm, who audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 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 50.00 128.25 Td (the ef) Tj ET Q q 0 0 0 rg BT 72.30 128.25 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 328.32 128.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.90 128.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 107.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 107.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 89.25 Td (There was no change in the Company) Tj ET Q q 0 0 0 rg BT 239.84 89.25 Td (s internal control over financial reporting that occurred during the Company) Tj ET Q q 0 0 0 rg BT 546.97 89.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (most recently completed fiscal quarter that has materially af) Tj ET Q q 0 0 0 rg BT 289.72 77.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 471.14 77.25 Td (fect, the Company) Tj ET Q q 0 0 0 rg BT 547.50 77.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (internal control over financial reporting.) Tj ET Q endstream endobj 237 0 obj <> endobj 238 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 (18) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (Opinion on Internal Contr) Tj ET Q q 0 0 0 rg BT 163.45 703.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 192.43 703.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 682.25 Td (e have audited the internal control over financial reporting of LKQ Corporation and subsidiaries \(the Company\) as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (of December 31, 2017, based on criteria established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 270.21 670.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 327.89 670.25 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.97 670.25 Td ( issued by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 166.20 658.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 239.61 658.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.37 658.25 Td (readway Commission \(COSO\). In our opinion, the Company maintained, in all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (material respects, ef) Tj ET Q q 0 0 0 rg BT 130.05 646.25 Td (fective internal control over financial reporting as of December 31, 2017, based on criteria established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 107.69 634.25 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.77 634.25 Td ( issued by COSO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 613.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 613.25 Td (e have also audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 403.44 613.25 Td (Accounting Oversight Board \(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (States\) \(PCAOB\), the consolidated financial statements as of and for the year ended December 31, 2017, of the Company and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (our report dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.36 589.25 Td (February27, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 589.25 Td (, expressed an unqualified opinion on those financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 568.25 Td (As described in the Report of Management on Internal Control over Financial Reporting dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 568.25 Td (February27, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.05 568.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (management excluded from its assessment the internal control over financial reporting at the following businesses, which were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (acquired during 2017: aftermarket parts distribution businesses in Belgium and Poland, ) Tj ET Q q 0 0 0 rg BT 401.42 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 410.06 544.25 Td (arn Industries, Inc. and a wholesale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (business in North ) Tj ET Q q 0 0 0 rg BT 121.95 532.25 Td (America \(the ) Tj ET Q q 0 0 0 rg BT 180.81 532.25 Td (Acquired Businesses\). ) Tj ET Q q 0 0 0 rg BT 276.99 532.25 Td (The aggregate financial statements of the ) Tj ET Q q 0 0 0 rg BT 443.59 532.25 Td (Acquired Businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (constitute 13% and 8% of net and total assets, respectively) Tj ET Q q 0 0 0 rg BT 283.73 520.25 Td (, 2% of revenue, and less than 1% of net income of the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (financial statement amounts as of and for the year ended December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 361.28 508.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 410.62 508.25 Td (, our audit did not include the internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (control over financial reporting at the ) Tj ET Q q 0 0 0 rg BT 201.61 496.25 Td (Acquired Businesses. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (Basis for) Tj ET Q q 0 0 0 rg BT 87.32 475.25 Td ( Opinion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 454.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 145.71 454.25 Td (s management is responsible for maintaining ef) Tj ET Q q 0 0 0 rg BT 334.93 454.25 Td (fective internal control over financial reporting and for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (its assessment of the ef) Tj ET Q q 0 0 0 rg BT 142.02 442.25 Td (fectiveness of internal control over financial reporting, included in the accompanying Report of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Management on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company) Tj ET Q q 0 0 0 rg BT 529.64 430.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (internal control over financial reporting based on our audit. ) Tj ET Q q 0 0 0 rg BT 289.18 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 297.82 418.25 Td (e are a public accounting firm registered with the PCAOB and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (rules and regulations of the Securities and Exchange Commission and the PCAOB.) 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 conducted our audit in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 380.21 373.25 Td (Those standards require that we plan and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (perform the audit to obtain reasonable assurance about whether ef) Tj ET Q q 0 0 0 rg BT 313.33 361.25 Td (fective internal control over financial reporting was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (assessing the risk that a material weakness exists, testing and evaluating the design and operating ef) Tj ET Q q 0 0 0 rg BT 448.60 337.25 Td (fectiveness of internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 542.99 325.25 Td (W) Tj ET Q q 0 0 0 rg BT 551.63 325.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (believe that our audit provides a reasonable basis for our opinion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (Definition and Limitations of Internal Contr) Tj ET Q q 0 0 0 rg BT 239.55 292.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 268.53 292.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 271.25 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 271.25 Td ( company) Tj ET Q q 0 0 0 rg BT 134.60 271.25 Td (s internal control over financial reporting is a process designed to provide reasonable assurance regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (generally accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 217.43 247.25 Td (A) Tj ET Q q 0 0 0 rg BT 224.10 247.25 Td ( company) Tj ET Q q 0 0 0 rg BT 266.03 247.25 Td (s internal control over financial reporting includes those policies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (procedures that \(1\) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (and dispositions of the assets of the company; \(2\) provide reasonable assurance that transactions are recorded as necessary to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (expenditures of the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (company; and \(3\) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (disposition of the company) Tj ET Q q 0 0 0 rg BT 161.38 175.25 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 306.97 175.25 Td (fect on the financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.25 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 211.16 142.25 Td (fectiveness to future periods are subject to the risk that controls may become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 95.75 m 197.5 95.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 100.42 Td (/s/DELOITTE & ) Tj ET Q q 0 0 0 rg BT 133.36 100.42 Td (T) Tj ET Q q 0 0 0 rg BT 139.29 100.42 Td (OUCHE LLP) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.25 Td (Chicago, Illinois) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.25 Td (February27, 2018) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 239 0 obj <> endobj 240 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 (19) 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.) Tj ET Q endstream endobj 241 0 obj <> endobj 242 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 742.25 Td ( III) Tj ET Q BT /F2 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 (ITEM10. ) Tj ET Q q 0 0 0 rg BT 158.00 724.25 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 196.72 724.25 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 336.75 724.25 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 410.72 724.25 Td (TE GOVERNANCE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Dir) Tj ET Q q 0 0 0 rg BT 64.26 706.25 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.25 Td (The information appearing under the caption "Election of our Board of Directors" in our Proxy Statement for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (Annual Meeting of Stockholders to be held May7, 2018 \(the "Proxy Statement"\) is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (Executive Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 637.25 Td (Our executive of) Tj ET Q q 0 0 0 rg BT 153.01 637.25 Td (ficers, their ages at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.03 637.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.61 637.25 Td (, and their positions with us are set forth below) Tj ET Q q 0 0 0 rg BT 496.71 637.25 Td (. Our executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 625.25 Td (ficers are elected by and serve at the discretion of our Board of Directors.) 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 92 598.730078125 m 111.9921875 598.730078125 l s q 0 0 0 rg BT 92.00 599.98 Td (Name) 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 196.8 598.730078125 m 210.128125 598.730078125 l s q 0 0 0 rg BT 196.80 599.98 Td (Age) 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 221 598.730078125 m 248.55859375 598.730078125 l s q 0 0 0 rg BT 221.00 599.98 Td (Position) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 585.42 Td (Dominick Zarcone) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 585.42 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 585.42 Td (President, Chief Executive Of) Tj ET Q q 0 0 0 rg BT 340.88 585.42 Td (ficer and Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 570.42 Td (V) Tj ET Q q 0 0 0 rg BT 98.67 570.42 Td (arun Laroyia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 570.42 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 570.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 263.39 570.42 Td (V) Tj ET Q q 0 0 0 rg BT 270.22 570.42 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 415.62 570.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 555.42 Td (John S. Quinn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 555.42 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 555.42 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 298.66 555.42 Td (ficer and Managing Director) Tj ET Q q 0 0 0 rg BT 412.48 555.42 Td (, LKQ Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 540.42 Td (V) Tj ET Q q 0 0 0 rg BT 98.92 540.42 Td (ictor M. Casini) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 540.42 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 540.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 249.52 540.42 Td (V) Tj ET Q q 0 0 0 rg BT 256.35 540.42 Td (ice President, General Counsel and Corporate Secretary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 525.42 Td (W) Tj ET Q q 0 0 0 rg BT 101.04 525.42 Td (alter P) Tj ET Q q 0 0 0 rg BT 125.91 525.42 Td (. Hanley) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 525.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 525.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 249.52 525.42 Td (V) Tj ET Q q 0 0 0 rg BT 256.35 525.42 Td (ice President - Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 510.42 Td (Justin L. Jude) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 510.42 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 510.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 249.52 510.42 Td (V) Tj ET Q q 0 0 0 rg BT 256.35 510.42 Td (ice President of Operations - ) Tj ET Q q 0 0 0 rg BT 372.87 510.42 Td (Wholesale Parts Division) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 495.42 Td (Ashley ) Tj ET Q q 0 0 0 rg BT 122.74 495.42 Td (T) Tj ET Q q 0 0 0 rg BT 128.39 495.42 Td (. Brooks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 495.42 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 495.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 249.52 495.42 Td (V) Tj ET Q q 0 0 0 rg BT 256.35 495.42 Td (ice President and Chief Information Of) Tj ET Q q 0 0 0 rg BT 412.30 495.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 480.42 Td (Matthew J. McKay) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 480.42 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 480.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 249.52 480.42 Td (V) Tj ET Q q 0 0 0 rg BT 256.35 480.42 Td (ice President - Human Resources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 465.42 Td (Michael S. Clark) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 465.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 465.42 Td (V) Tj ET Q q 0 0 0 rg BT 227.62 465.42 Td (ice President - Finance and Controller) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (Dominick Zarcone) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.50 443.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 443.25 Td (became our President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 313.08 443.25 Td (ficer in May 2017. Mr) Tj ET Q q 0 0 0 rg BT 401.67 443.25 Td (. Zarcone was our Executive ) Tj ET Q q 0 0 0 rg BT 518.11 443.25 Td (V) Tj ET Q q 0 0 0 rg BT 524.73 443.25 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 181.46 431.25 Td (ficer from March 2015 to May 2017. Prior to joining our Company) Tj ET Q q 0 0 0 rg BT 449.10 431.25 Td (, he was the Managing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (Director and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 177.55 419.25 Td (ficer of Baird Financial Group, a capital markets and wealth management company) Tj ET Q q 0 0 0 rg BT 510.11 419.25 Td (, and certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (of its af) Tj ET Q q 0 0 0 rg BT 80.37 407.25 Td (filiates from ) Tj ET Q q 0 0 0 rg BT 131.46 407.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 169.70 407.25 Td (1 to March 2015. He also served from ) Tj ET Q q 0 0 0 rg BT 323.83 407.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 362.07 407.25 Td (1 to March 2015 as ) Tj ET Q q 0 0 0 rg BT 441.60 407.25 Td (T) Tj ET Q q 0 0 0 rg BT 447.35 407.25 Td (reasurer of Baird Funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (Inc., a family of fixed income and equity mutual funds managed by Robert ) Tj ET Q q 0 0 0 rg BT 351.68 395.25 Td (W) Tj ET Q q 0 0 0 rg BT 360.20 395.25 Td (. Baird & Co. Incorporated, a registered broker/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (dealer) Tj ET Q q 0 0 0 rg BT 73.87 383.25 Td (. From February 1995 to ) Tj ET Q q 0 0 0 rg BT 173.87 383.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 212.10 383.25 Td (1, Mr) Tj ET Q q 0 0 0 rg BT 233.77 383.25 Td (. Zarcone was a Managing Director of the Investment Banking department of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 79.54 371.25 Td (W) Tj ET Q q 0 0 0 rg BT 88.06 371.25 Td (. Baird & Co. Incorporated. From February 1986 to February 1995, he was with the investment banking company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (Kidder) Tj ET Q q 0 0 0 rg BT 77.37 359.25 Td (, Peabody & Co., Incorporated, most recently as Senior ) Tj ET Q q 0 0 0 rg BT 300.75 359.25 Td (V) Tj ET Q q 0 0 0 rg BT 307.37 359.25 Td (ice President of Investment Banking. Mr) Tj ET Q q 0 0 0 rg BT 469.56 359.25 Td (. Zarcone is a member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (of the Board of Directors of Generac Power Systems, Inc., a designer and manufacturer of power generation equipment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (engine-powered products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (V) Tj ET Q q 0 0 0 rg BT 55.56 317.25 Td (arun Laroyia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.29 317.25 Td ( became our Executive ) Tj ET Q q 0 0 0 rg BT 203.96 317.25 Td (V) Tj ET Q q 0 0 0 rg BT 210.58 317.25 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 356.19 317.25 Td (ficer in October 2017. Prior to joining our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 305.25 Td (, he was the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 212.74 305.25 Td (ficer of CBRE) Tj ET Q q 0 0 0 rg BT 273.29 305.25 Td (s Global ) Tj ET Q q 0 0 0 rg BT 309.21 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 317.85 305.25 Td (orkplace Solutions \("GWS"\) business since 2015, following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (CBRE) Tj ET Q q 0 0 0 rg BT 78.90 293.25 Td (s acquisition of the GWS business from Johnson Controls Inc. \(JCI\), where he was the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 511.13 293.25 Td (ficer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (V) Tj ET Q q 0 0 0 rg BT 56.62 281.25 Td (ice President of Information ) Tj ET Q q 0 0 0 rg BT 171.41 281.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.82 281.25 Td (echnology since 2013. From 2006 to 2013, Mr) Tj ET Q q 0 0 0 rg BT 362.64 281.25 Td (. Laroyia held various positions at JCI including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 77.87 269.25 Td (V) Tj ET Q q 0 0 0 rg BT 84.49 269.25 Td (ice President of Global ) Tj ET Q q 0 0 0 rg BT 178.36 269.25 Td (Audit and ) Tj ET Q q 0 0 0 rg BT 220.40 269.25 Td (V) Tj ET Q q 0 0 0 rg BT 227.02 269.25 Td (ice President of Finance and ) Tj ET Q q 0 0 0 rg BT 342.26 269.25 Td (Administration for its Building Ef) Tj ET Q q 0 0 0 rg BT 478.18 269.25 Td (ficiency business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (across Europe and ) Tj ET Q q 0 0 0 rg BT 125.25 257.25 Td (Africa. From 2000 to 2006, Mr) Tj ET Q q 0 0 0 rg BT 249.41 257.25 Td (. Laroyia held various positions at Gateway) Tj ET Q q 0 0 0 rg BT 422.88 257.25 Td (, Inc., including ) Tj ET Q q 0 0 0 rg BT 488.24 257.25 Td (V) Tj ET Q q 0 0 0 rg BT 494.86 257.25 Td (ice President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (and Controller based in the U.S. and Finance Director for the United Kingdom and Ireland. Prior to Gateway) Tj ET Q q 0 0 0 rg BT 484.79 245.25 Td (, he was with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (General Electric in the U.S. and then GE Capital in London where he served as a Manager of European Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (Development. Mr) Tj ET Q q 0 0 0 rg BT 120.54 221.25 Td (. Laroyia started his career at KPMG in London.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (John S. Quinn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.37 203.25 Td (became our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 239.80 203.25 Td (ficer and Managing Director) Tj ET Q q 0 0 0 rg BT 353.52 203.25 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 50.00 191.25 Td (was our Executive ) Tj ET Q q 0 0 0 rg BT 126.18 191.25 Td (V) Tj ET Q q 0 0 0 rg BT 132.80 191.25 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 278.41 191.25 Td (ficer from November 2009.Prior to joining our Company) Tj ET Q q 0 0 0 rg BT 508.55 191.25 Td (, he was the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.43 179.25 Td (V) Tj ET Q q 0 0 0 rg BT 85.05 179.25 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 216.22 179.25 Td (ficer and ) Tj ET Q q 0 0 0 rg BT 253.79 179.25 Td (T) Tj ET Q q 0 0 0 rg BT 259.55 179.25 Td (reasurer of Casella ) Tj ET Q q 0 0 0 rg BT 336.83 179.25 Td (W) Tj ET Q q 0 0 0 rg BT 345.47 179.25 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 50.00 167.25 Td (management services industry) Tj ET Q q 0 0 0 rg BT 170.42 167.25 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 50.00 155.25 Td (responsibility with ) Tj ET Q q 0 0 0 rg BT 126.67 155.25 Td (Allied ) Tj ET Q q 0 0 0 rg BT 153.98 155.25 Td (W) Tj ET Q q 0 0 0 rg BT 162.62 155.25 Td (aste Industries, Inc., a company also in the solid waste management services industry) Tj ET Q q 0 0 0 rg BT 502.71 155.25 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.43 143.25 Td (V) Tj ET Q q 0 0 0 rg BT 85.05 143.25 Td (ice President of Finance from January 2005 to January 2009, Controller and Chief ) Tj ET Q q 0 0 0 rg BT 415.53 143.25 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 475.05 143.25 Td (ficer from November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (2006 to September 2007 and ) Tj ET Q q 0 0 0 rg BT 167.30 131.25 Td (V) Tj ET Q q 0 0 0 rg BT 173.92 131.25 Td (ice President Financial ) Tj ET Q q 0 0 0 rg BT 266.95 131.25 Td (Analysis and Planning from January 2003 to January 2005.From) Tj ET Q q 0 0 0 rg BT 529.98 131.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (1987 to January 2001, he held various positions with ) Tj ET Q q 0 0 0 rg BT 263.69 119.25 Td (W) Tj ET Q q 0 0 0 rg BT 272.32 119.25 Td (aste Management Inc.'s foreign subsidiaries, and ) Tj ET Q q 0 0 0 rg BT 468.89 119.25 Td (W) Tj ET Q q 0 0 0 rg BT 477.52 119.25 Td (aste Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (International, plc. in Canada and the United Kingdom.Prior to working for ) Tj ET Q q 0 0 0 rg BT 352.81 107.25 Td (W) Tj ET Q q 0 0 0 rg BT 361.45 107.25 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 95.25 Td (a subsidiary of Ford Motor Company) Tj ET Q q 0 0 0 rg BT 198.51 95.25 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 83.25 Td (automotive spare parts chain in the Nordic region, of which we are a 26.5% owner) Tj ET Q q 0 0 0 rg BT 379.34 83.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (V) Tj ET Q q 0 0 0 rg BT 56.12 65.25 Td (ictor M. Casini ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.58 65.25 Td (has been our ) Tj ET Q q 0 0 0 rg BT 173.43 65.25 Td (V) Tj ET Q q 0 0 0 rg BT 180.05 65.25 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 53.25 Td (In March 2008, he was elected Senior) Tj ET Q q 0 0 0 rg BT 203.66 53.25 Td (V) Tj ET Q q 0 0 0 rg BT 210.28 53.25 Td (ice President. Mr) Tj ET Q q 0 0 0 rg BT 278.32 53.25 Td (. Casini was a member of our Board of Directors from May 2010 until ) Tj ET Q endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (May 2012. From July 1992 to December 201) Tj ET Q q 0 0 0 rg BT 230.16 742.10 Td (1, Mr) Tj ET Q q 0 0 0 rg BT 251.83 742.10 Td (.Casini was the Executive ) Tj ET Q q 0 0 0 rg BT 359.96 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 366.58 742.10 Td (ice President and General Counsel of Flynn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Enterprises, Inc., a venture capital, hedging and consulting firm. Mr) Tj ET Q q 0 0 0 rg BT 321.04 730.10 Td (.Casini served as Senior ) Tj ET Q q 0 0 0 rg BT 421.95 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 428.57 730.10 Td (ice President, General Counsel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (until May 1995. Prior to July 1992, Mr) Tj ET Q q 0 0 0 rg BT 205.28 706.10 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 50.00 694.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 67.41 694.10 Td ( \(now known as K&L) Tj ET Q q 0 0 0 rg BT 154.25 694.10 Td ( Gates LLP\) in Chicago, Illinois for more than five years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 676.10 Td (alter P) Tj ET Q q 0 0 0 rg BT 84.36 676.10 Td (. Hanley) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.35 676.10 Td ( joined us in December 2002 as our ) Tj ET Q q 0 0 0 rg BT 263.58 676.10 Td (V) Tj ET Q q 0 0 0 rg BT 270.20 676.10 Td (ice President of Development, ) Tj ET Q q 0 0 0 rg BT 393.22 676.10 Td (Associate General Counsel and ) Tj ET Q q 0 0 0 rg BT 520.41 676.10 Td (Assistant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Secretary) Tj ET Q q 0 0 0 rg BT 87.10 664.10 Td (. In December 2005, he became our Senior ) Tj ET Q q 0 0 0 rg BT 260.75 664.10 Td (V) Tj ET Q q 0 0 0 rg BT 267.37 664.10 Td (ice President of Development. Mr) Tj ET Q q 0 0 0 rg BT 402.61 664.10 Td (.Hanley served as Senior ) Tj ET Q q 0 0 0 rg BT 506.85 664.10 Td (V) Tj ET Q q 0 0 0 rg BT 513.47 664.10 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 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 50.00 640.10 Td (State of Illinois, from June 1999 until ) Tj ET Q q 0 0 0 rg BT 202.21 640.10 Td (August 2002. Mr) Tj ET Q q 0 0 0 rg BT 270.27 640.10 Td (.Hanley served as Senior ) Tj ET Q q 0 0 0 rg BT 374.51 640.10 Td (V) Tj ET Q q 0 0 0 rg BT 381.13 640.10 Td (ice President, General Counsel and Secretary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 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 432.87 628.10 Td (, Indiana, from July 1996 until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (November 1999. Mr) Tj ET Q q 0 0 0 rg BT 131.38 616.10 Td (.Hanley served as ) Tj ET Q q 0 0 0 rg BT 207.00 616.10 Td (V) Tj ET Q q 0 0 0 rg BT 213.62 616.10 Td (ice President and ) Tj ET Q q 0 0 0 rg BT 283.88 616.10 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 50.00 604.10 Td (until February 1998 and as ) Tj ET Q q 0 0 0 rg BT 159.15 604.10 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 50.00 592.10 Td (March 1993, Mr) Tj ET Q q 0 0 0 rg BT 115.27 592.10 Td (.Hanley practiced corporate and securities law with the law firm of Bell, Boyd& LloydLLP) Tj ET Q q 0 0 0 rg BT 487.57 592.10 Td ( \(now known as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (K&L) Tj ET Q q 0 0 0 rg BT 70.74 580.10 Td ( Gates LLP\) in Chicago, Illinois.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Justin L. Jude) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.18 562.10 Td ( became our Senior ) Tj ET Q q 0 0 0 rg BT 188.97 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 195.59 562.10 Td (ice President of OperationsWholesale Parts Division in July 2015. Mr) Tj ET Q q 0 0 0 rg BT 484.44 562.10 Td (. Jude has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 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 409.29 550.10 Td (1 as ) Tj ET Q q 0 0 0 rg BT 427.44 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 434.06 550.10 Td (ice President - Supply Chain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (from February 201) Tj ET Q q 0 0 0 rg BT 125.17 538.10 Td (1 to May 2014 as ) Tj ET Q q 0 0 0 rg BT 196.92 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 203.54 538.10 Td (ice President - Information Systems \(North ) Tj ET Q q 0 0 0 rg BT 377.96 538.10 Td (America\), and from June 2014 to July 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (as President of Keystone ) Tj ET Q q 0 0 0 rg BT 151.09 526.10 Td (Automotive Operations, Inc., our specialty automotive business. Mr) Tj ET Q q 0 0 0 rg BT 422.44 526.10 Td (. Jude has been in the Company) Tj ET Q q 0 0 0 rg BT 552.13 526.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (industry for over 19 years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 493.30 Td (Ashley T) Tj ET Q q 0 0 0 rg BT 85.47 493.30 Td (. Brooks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.42 493.30 Td (joined us as Senior ) Tj ET Q q 0 0 0 rg BT 200.57 493.30 Td (V) Tj ET Q q 0 0 0 rg BT 207.19 493.30 Td (ice PresidentChief Information Of) Tj ET Q q 0 0 0 rg BT 353.91 493.30 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 50.00 481.30 Td (various information technology positions from 1999 to 2016 with ) Tj ET Q q 0 0 0 rg BT 314.15 481.30 Td (Arrow Electronics, Inc., a global provider of products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.30 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 541.00 469.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.30 Td (Brooks' most recent position with ) Tj ET Q q 0 0 0 rg BT 186.52 457.30 Td (Arrow Electronics was Chief Information Of) Tj ET Q q 0 0 0 rg BT 366.01 457.30 Td (ficer) Tj ET Q q 0 0 0 rg BT 383.92 457.30 Td (, Global Components from ) Tj ET Q q 0 0 0 rg BT 493.08 457.30 Td (April 2012 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.30 Td (May 2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 424.50 Td (Matthew J. McKay) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.06 424.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.56 424.50 Td (became our Senior ) Tj ET Q q 0 0 0 rg BT 207.85 424.50 Td (V) Tj ET Q q 0 0 0 rg BT 214.47 424.50 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 50.00 412.50 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 50.00 400.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 400.50 Td (. McKay served as a law clerk for Judge ) Tj ET Q q 0 0 0 rg BT 224.76 400.50 Td (W) Tj ET Q q 0 0 0 rg BT 233.80 400.50 Td (illiam Bauer at the United States Court of ) Tj ET Q q 0 0 0 rg BT 402.10 400.50 Td (Appeals for the Seventh Circuit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.50 Td (Michael S. Clark ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.79 382.50 Td (has been our ) Tj ET Q q 0 0 0 rg BT 175.64 382.50 Td (V) Tj ET Q q 0 0 0 rg BT 182.27 382.50 Td (ice PresidentFinance and Controller since February 201) Tj ET Q q 0 0 0 rg BT 414.61 382.50 Td (1.Prior thereto, he served as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.50 Td (Assistant Controller since May 2008.Prior to joining our Company) Tj ET Q q 0 0 0 rg BT 319.33 370.50 Td (, he was the SEC Reporting Manager of FMC ) Tj ET Q q 0 0 0 rg BT 504.68 370.50 Td (T) Tj ET Q q 0 0 0 rg BT 510.09 370.50 Td (echnologies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.50 Td (Inc., a global provider of technology solutions for the ener) Tj ET Q q 0 0 0 rg BT 283.36 358.50 Td (gy industry) Tj ET Q q 0 0 0 rg BT 327.99 358.50 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 50.00 346.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 346.50 Td (echnologies, Mr) Tj ET Q q 0 0 0 rg BT 119.84 346.50 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 50.00 334.50 Td (Senior Manager in the audit practice of Deloitte& ) Tj ET Q q 0 0 0 rg BT 253.92 334.50 Td (T) Tj ET Q q 0 0 0 rg BT 259.33 334.50 Td (ouche.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.50 Td (Code of Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 295.50 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 295.50 Td ( copy of our Code of Ethics for Financial Of) Tj ET Q q 0 0 0 rg BT 269.95 295.50 Td (ficers is available free of char) Tj ET Q q 0 0 0 rg BT 388.30 295.50 Td (ge through our website at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 283.50 Td (www) Tj ET Q q 0 0 0 rg BT 69.27 283.50 Td (.lkqcorp.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.47 283.50 Td (. ) Tj ET Q q 0 0 0 rg BT 125.92 283.50 Td (Any amendments to our Code of Ethics for Financial Of) Tj ET Q q 0 0 0 rg BT 350.97 283.50 Td (ficers or waivers granted to the applicable financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.50 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 271.50 Td (ficers will be posted on our website.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.50 Td (Section16 Compliance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 232.50 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 50.00 220.50 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 50.00 199.50 Td (Audit Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 181.50 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 50.00 169.50 Td (the Proxy Statement is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 139.50 Td (ITEM1) Tj ET Q q 0 0 0 rg BT 83.62 139.50 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.00 139.50 Td (EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 240.44 139.50 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 121.50 Td (Information appearing under the captions "Director CompensationDirector Compensation ) Tj ET Q q 0 0 0 rg BT 457.58 121.50 Td (T) Tj ET Q q 0 0 0 rg BT 462.99 121.50 Td (able," "Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.50 Td (CompensationCompensation Discussion and ) Tj ET Q q 0 0 0 rg BT 240.83 109.50 Td (Analysis," "Corporate GovernanceCompensation Committee Interlocks and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.50 Td (Insider Participation" and "Executive CompensationCompensation ) Tj ET Q q 0 0 0 rg BT 329.32 97.50 Td (T) Tj ET Q q 0 0 0 rg BT 334.73 97.50 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 85.50 Td (reference.) Tj ET Q endstream endobj 245 0 obj <> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.50 742.25 Td (ITEM12. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 173.31 742.25 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 237.49 742.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 253.50 742.25 Td ( CER) Tj ET Q q 0 0 0 rg BT 276.77 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 282.69 742.25 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 365.21 742.25 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 414.11 742.25 Td (AND MANAGEMENT) Tj ET Q q 0 0 0 rg BT 513.65 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.60 742.25 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 730.25 Td (RELA) Tj ET Q q 0 0 0 rg BT 149.04 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 184.15 730.25 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 268.69 730.25 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 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 50.00 700.25 Td (incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.25 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 50.00 670.25 Td (plans as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 670.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.85 670.25 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.10 649.25 Td (Equity Compensation Plan Information ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 585.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 585.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 585.75 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 585.75 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 555.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 555.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 555.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 555.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 555.75 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 555.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 555.75 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 515.75 221.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 515.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 515.75 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 515.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 515.75 77.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 515.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 515.75 122.00 -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 49.5 585.75 m 270.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 585.75 m 354.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 585.75 m 435.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 585.75 m 561.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 540.75 m 354.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 490.75 m 354.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 476.75 m 354.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 474.75 m 354.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 490.75 m 561.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 476.75 m 561.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 474.75 m 561.5 474.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 589.98 Td (Plan Category) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.50 629.98 Td (Number) Tj ET Q q 0 0 0 rg BT 323.80 629.98 Td ( of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.20 621.98 Td (securitiestobeissued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.50 613.98 Td (upon exer) Tj ET Q q 0 0 0 rg BT 320.36 613.98 Td (cise of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.30 605.98 Td (outstanding options, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.95 597.98 Td (warrants, and rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 589.98 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.60 621.98 Td (W) Tj ET Q q 0 0 0 rg BT 373.16 621.98 Td (eighted-average ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 613.98 Td (exer) Tj ET Q q 0 0 0 rg BT 383.51 613.98 Td (cise price of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 605.98 Td (outstandingoptions, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.45 597.98 Td (warrants,andrights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.60 589.98 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.00 629.98 Td (Number) Tj ET Q q 0 0 0 rg BT 474.30 629.98 Td ( of securitiesr) Tj ET Q q 0 0 0 rg BT 522.36 629.98 Td (emaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 621.98 Td (available for) Tj ET Q q 0 0 0 rg BT 509.74 621.98 Td ( futur) Tj ET Q q 0 0 0 rg BT 529.37 621.98 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.95 613.98 Td (issuanceunder) Tj ET Q q 0 0 0 rg BT 513.70 613.98 Td (equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 605.98 Td (compensationplans \(excluding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.20 597.98 Td (securitiesr) Tj ET Q q 0 0 0 rg BT 479.59 597.98 Td (eflectedincolumn \(a\)\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.55 589.98 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 575.42 Td (Equity compensation plans approved by stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 560.42 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 560.42 Td (1,738,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 560.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 560.42 Td (9.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 545.42 Td (Restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 545.42 Td (1,624,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 545.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 545.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 530.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 530.42 Td (otal equity compensation plans approved by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 520.42 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 520.42 Td (3,362,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 520.42 Td (1) Tj ET Q q 0 0 0 rg BT 517.65 520.42 Td (1,672,41) Tj ET Q q 0 0 0 rg BT 552.65 520.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 505.42 Td (Equity compensation plans not approved by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 495.42 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 495.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 495.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 495.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 480.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 480.42 Td (3,362,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 480.42 Td (1) Tj ET Q q 0 0 0 rg BT 517.65 480.42 Td (1,672,41) Tj ET Q q 0 0 0 rg BT 552.65 480.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 458.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 458.25 Td (Note 6, "Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.78 458.25 Td (," to the consolidated financial statements in Part II, Item8 of this ) Tj ET Q q 0 0 0 rg BT 515.19 458.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 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 50.00 416.25 Td (ITEM13. ) Tj ET Q q 0 0 0 rg BT 122.00 416.25 Td (CER) Tj ET Q q 0 0 0 rg BT 142.76 416.25 Td (T) Tj ET Q q 0 0 0 rg BT 148.69 416.25 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 196.57 416.25 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 252.98 416.25 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 304.18 416.25 Td (TED ) Tj ET Q q 0 0 0 rg BT 327.06 416.25 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 410.97 416.25 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 473.86 416.25 Td (OR ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 404.25 Td (INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 386.25 Td (Information appearing under the captions "Other InformationCertain ) Tj ET Q q 0 0 0 rg BT 372.87 386.25 Td (T) Tj ET Q q 0 0 0 rg BT 378.62 386.25 Td (ransactions," "Election of our Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (Directors" and "Corporate Governance - Director Independence" in the Proxy Statement is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (ITEM14. ) Tj ET Q q 0 0 0 rg BT 122.00 344.25 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 162.92 344.25 Td (AL) Tj ET Q q 0 0 0 rg BT 176.26 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.21 344.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 228.03 344.25 Td (ANT) Tj ET Q q 0 0 0 rg BT 248.96 344.25 Td ( FEES ) Tj ET Q q 0 0 0 rg BT 278.42 344.25 Td (AND SER) Tj ET Q q 0 0 0 rg BT 321.68 344.25 Td (VICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 326.25 Td (Information appearing under the captions "Ratification of ) Tj ET Q q 0 0 0 rg BT 318.07 326.25 Td (Appointment of Our Independent Registered Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (Accounting FirmAudit Fees and Non-Audit Fees" and "Ratification of ) Tj ET Q q 0 0 0 rg BT 343.40 314.25 Td (Appointment of Our Independent Registered Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (Accounting FirmPolicy on ) Tj ET Q q 0 0 0 rg BT 168.61 302.25 Td (Audit Committee ) Tj ET Q q 0 0 0 rg BT 240.27 302.25 Td (Approval of ) Tj ET Q q 0 0 0 rg BT 290.82 302.25 Td (Audit and Non-Audit Services" in the Proxy Statement is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (incorporated herein by reference.) Tj ET Q endstream endobj 247 0 obj <> endobj 248 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (123) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 742.25 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (ITEM15. ) Tj ET Q q 0 0 0 rg BT 122.00 724.25 Td (EXHIBITS ) Tj ET Q q 0 0 0 rg BT 172.30 724.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 252.59 724.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 266.58 724.25 Td (A) Tj ET Q q 0 0 0 rg BT 273.05 724.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 316.21 724.25 Td ( SCHEDULES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (\(a\)\(1\) Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 688.25 Td (Reference is made to the information set forth in PartII, Item8 of this ) Tj ET Q q 0 0 0 rg BT 368.70 688.25 Td (Annual Report on Form 10-K, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (information is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (\(a\)\(2\)Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 637.25 Td (Other than as set forth below) Tj ET Q q 0 0 0 rg BT 201.15 637.25 Td (, all schedules for which provision is made in the applicable accounting regulations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (SEC have been omitted because they are not required under the related instructions, are not applicable, or the information has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (been provided in the consolidated financial statements or the notes thereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.55 583.25 Td (ScheduleIIV) Tj ET Q q 0 0 0 rg BT 237.48 583.25 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 341.12 583.25 Td (Accounts and Reserves ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 571.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 504.75 152.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 504.75 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 504.75 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 504.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 504.75 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 504.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 504.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 504.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 504.75 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 504.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 504.75 62.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 465.75 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 465.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 465.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 465.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 465.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 465.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 465.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 435.75 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 435.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 435.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 435.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 435.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 435.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 435.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 379.75 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 379.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 379.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 379.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 379.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 379.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 379.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 379.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 379.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 379.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 379.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 349.75 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 349.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 349.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 349.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 349.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 349.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 349.75 62.00 -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 85.5 517.75 m 237.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 517.75 m 303.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 517.75 m 366.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 517.75 m 430.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 517.75 m 495.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 517.75 m 561.5 517.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.00 521.98 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.60 537.98 Td (Balanceat) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.80 529.98 Td (Beginningof) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.15 521.98 Td (Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.80 545.98 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.25 537.98 Td (Chargedto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.70 529.98 Td (Costs and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.70 521.98 Td (Expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.85 521.98 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 537.98 Td (Acquisitions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 529.98 Td (and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.35 521.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.95 529.98 Td (BalanceatEnd) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.30 521.98 Td (of Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 495.43 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 125.79 495.43 Td (ANCE FOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 485.43 Td (DOUBTFUL) Tj ET Q q 0 0 0 rg BT 152.29 485.43 Td ( ) Tj ET Q q 0 0 0 rg BT 154.23 485.43 Td (ACCOUNTS:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 470.42 Td (Y) Tj ET Q q 0 0 0 rg BT 112.72 470.42 Td (ear ended December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 470.42 Td (45,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 470.42 Td (15,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 470.47 Td (\(13,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 470.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 470.42 Td (9,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 470.42 Td (57,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 455.42 Td (Y) Tj ET Q q 0 0 0 rg BT 112.72 455.42 Td (ear ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 455.42 Td (24,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 455.42 Td (13,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 455.47 Td (\(21,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 455.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 455.42 Td (29,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 455.42 Td (45,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 440.42 Td (Y) Tj ET Q q 0 0 0 rg BT 112.72 440.42 Td (ear ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 440.42 Td (19,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 440.42 Td (13,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.80 440.47 Td (\(9,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 440.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 440.42 Td (989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 440.42 Td (24,583) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 411.48 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 125.23 411.48 Td (ANCE FOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 401.48 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 135.71 401.48 Td (TED RETURNS,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 391.48 Td (DISCOUNTS&) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 381.53 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 134.23 381.53 Td (ANCES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 369.42 Td (Y) Tj ET Q q 0 0 0 rg BT 112.72 369.42 Td (ear ended December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 369.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 369.42 Td (38,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 369.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.60 369.42 Td (1,885,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 369.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.30 369.47 Td (\(1,884,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 369.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 369.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 369.42 Td (2,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 369.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 369.42 Td (42,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 354.42 Td (Y) Tj ET Q q 0 0 0 rg BT 112.72 354.42 Td (ear ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 354.42 Td (32,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.60 354.42 Td (1,670,91) Tj ET Q q 0 0 0 rg BT 357.60 354.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.30 354.47 Td (\(1,673,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 354.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 354.42 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 354.42 Td (38,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 339.42 Td (Y) Tj ET Q q 0 0 0 rg BT 112.22 339.42 Td (ear ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 339.42 Td (31,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.60 339.42 Td (1,387,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.30 339.47 Td (\(1,388,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 339.42 Td (2,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 339.42 Td (32,774) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 317.25 Td (ithin the disclosure of our ) Tj ET Q q 0 0 0 rg BT 199.75 317.25 Td (Allowance for Estimated Returns, Discounts and ) Tj ET Q q 0 0 0 rg BT 397.21 317.25 Td (Allowances, we have corrected the 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (and 2015 amounts under the columns "Additions Char) Tj ET Q q 0 0 0 rg BT 267.49 305.25 Td (ged to Costs and Expenses" and "Deductions," which were previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (reported as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.65 293.25 Td ($1,088,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.65 293.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.08 293.25 Td (\($1,090,555\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.74 293.25 Td ( in 2016, respectively) Tj ET Q q 0 0 0 rg BT 298.18 293.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.12 293.25 Td ($1,049,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.12 293.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.56 293.25 Td (\($1,051,439\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.22 293.25 Td ( in 2015, respectively) Tj ET Q q 0 0 0 rg BT 521.66 293.25 Td (, due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (the omission of certain returns, discounts, and allowances activity) Tj ET Q q 0 0 0 rg BT 312.62 281.25 Td (. ) Tj ET Q q 0 0 0 rg BT 317.44 281.25 Td (W) Tj ET Q q 0 0 0 rg BT 326.07 281.25 Td (e do not consider these adjustments to be material to any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (previously issued Schedule II.) Tj ET Q endstream endobj 249 0 obj <> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (124) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (\(a\)\(3\)Exhibits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 724.25 Td (The exhibits to this ) Tj ET Q q 0 0 0 rg BT 164.89 724.25 Td (Annual Report on Form 10-K are listed in Item15\(b\) of this ) Tj ET Q q 0 0 0 rg BT 407.63 724.25 Td (Annual Report on Form 10-K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Included in the exhibits listed therein are the following exhibits which constitute management contracts or compensatory plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (or arrangements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 680.32 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 680.32 Td (LKQ Corporation 401\(k\) Plus Plan dated ) Tj ET Q q 0 0 0 rg BT 270.93 680.32 Td (August1, 1999.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.32 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 665.32 Td (Amendment to LKQ Corporation 401\(k\) Plus Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.32 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 650.32 Td (T) Tj ET Q q 0 0 0 rg BT 109.93 650.32 Td (rust for LKQ Corporation 401\(k\) Plus Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.32 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 635.32 Td (LKQ Corporation 401\(k\) Plus Plan II, as amended and restated ef) Tj ET Q q 0 0 0 rg BT 366.34 635.32 Td (fective as of January 1, 201) Tj ET Q q 0 0 0 rg BT 476.03 635.32 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.32 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 620.32 Td (LKQ Corporation 1998 Equity Incentive Plan, as amended.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.32 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 605.32 Td (Form of LKQ Corporation ) Tj ET Q q 0 0 0 rg BT 212.60 605.32 Td (A) Tj ET Q q 0 0 0 rg BT 219.09 605.32 Td (ward ) Tj ET Q q 0 0 0 rg BT 240.84 605.32 Td (Agreement for options granted under the 1998 Equity Incentive Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 590.32 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 590.32 Td (Form of LKQ Corporation Restricted Stock Unit ) Tj ET Q q 0 0 0 rg BT 301.20 590.32 Td (Agreement for Non-Employee Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.32 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 575.32 Td (Form of LKQ Corporation Restricted Stock Unit ) Tj ET Q q 0 0 0 rg BT 301.20 575.32 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.32 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 560.32 Td (Form of LKQ Corporation Performance-Based Restricted Stock Unit ) Tj ET Q q 0 0 0 rg BT 382.55 560.32 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.32 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 545.32 Td (LKQ Corporation ) Tj ET Q q 0 0 0 rg BT 177.60 545.32 Td (Amended and Restated Stock Option and Compensation Plan for Non-Employee Directors, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 535.37 Td (amended.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.32 Td (10.1) Tj ET Q q 0 0 0 rg BT 70.13 524.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 524.32 Td (Form of Indemnification ) Tj ET Q q 0 0 0 rg BT 205.09 524.32 Td (Agreement between directors and of) Tj ET Q q 0 0 0 rg BT 350.22 524.32 Td (ficers of LKQ Corporation and LKQ Corporation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.32 Td (10.12) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 509.32 Td (LKQ Corporation Management Incentive Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.32 Td (10.13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 494.32 Td (Form of LKQ Corporation Executive Of) Tj ET Q q 0 0 0 rg BT 265.82 494.32 Td (ficer Management Incentive Plan ) Tj ET Q q 0 0 0 rg BT 400.95 494.32 Td (A) Tj ET Q q 0 0 0 rg BT 407.44 494.32 Td (ward Memorandum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.32 Td (10.14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 479.32 Td (Amended and Restated LKQ Corporation Long ) Tj ET Q q 0 0 0 rg BT 296.64 479.32 Td (T) Tj ET Q q 0 0 0 rg BT 302.31 479.32 Td (erm Incentive Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.32 Td (10.15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 464.32 Td (Form of LKQ Corporation Executive Of) Tj ET Q q 0 0 0 rg BT 265.82 464.32 Td (ficer Long ) Tj ET Q q 0 0 0 rg BT 310.06 464.32 Td (T) Tj ET Q q 0 0 0 rg BT 315.73 464.32 Td (erm Incentive Plan ) Tj ET Q q 0 0 0 rg BT 393.13 464.32 Td (A) Tj ET Q q 0 0 0 rg BT 399.62 464.32 Td (ward Memorandum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.32 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 449.32 Td (Consulting ) Tj ET Q q 0 0 0 rg BT 150.12 449.32 Td (Agreement, as amended and restated, dated as of May 21, 2009 between LKQ Corporation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 439.37 Td (Joseph M. Holsten.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.32 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 428.32 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 155.66 428.32 Td (Agreement dated as of January 31, 201) Tj ET Q q 0 0 0 rg BT 311.53 428.32 Td (1 to the Consulting ) Tj ET Q q 0 0 0 rg BT 389.96 428.32 Td (Agreement between LKQ Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 418.37 Td (and Joseph M. Holsten dated as of May 21, 2009.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.32 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 407.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 407.32 Td (Agreement between LKQ Corporation and John S.Quinn dated as of July 24, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.32 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 392.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 392.32 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 353.85 392.32 Td (W) Tj ET Q q 0 0 0 rg BT 362.79 392.32 Td (alter P) Tj ET Q q 0 0 0 rg BT 387.66 392.32 Td (. Hanley dated as of July 24, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.32 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 377.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 377.32 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 353.85 377.32 Td (V) Tj ET Q q 0 0 0 rg BT 360.68 377.32 Td (ictor M. Casini dated as of July 24, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.32 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 362.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 362.32 Td (Agreement between LKQ Corporation and Michael S. Clark dated as of July 24, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.32 Td (10.22) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 347.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 347.32 Td (Agreement between LKQ Corporation and Dominick P) Tj ET Q q 0 0 0 rg BT 401.44 347.32 Td (. Zarcone dated as of March 30, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 332.32 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 332.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 332.32 Td (Agreement between LKQ Corporation and Justin L. Jude dated as of May 13, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.32 Td (10.24) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 317.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 317.32 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 353.66 317.32 Td (Ashley ) Tj ET Q q 0 0 0 rg BT 384.12 317.32 Td (T) Tj ET Q q 0 0 0 rg BT 389.77 317.32 Td (. Brooks dated as of May 2, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.32 Td (10.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 302.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 302.32 Td (Agreement between LKQ Corporation and Matthew J. McKay dated as of June 1, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.32 Td (10.26) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 287.32 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 180.66 287.32 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 353.85 287.32 Td (V) Tj ET Q q 0 0 0 rg BT 360.42 287.32 Td (arun Laroyia dated as of October 1, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 272.32 Td (10.27) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 272.32 Td (LKQ Severance Policy for Key Executives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 257.32 Td (10.33) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 257.32 Td (Of) Tj ET Q q 0 0 0 rg BT 114.46 257.32 Td (fer Letter to John S. Quinn dated February 12, 2015, as amended.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.32 Td (10.34) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 242.32 Td (Services ) Tj ET Q q 0 0 0 rg BT 140.10 242.32 Td (Agreement dated as of February 26, 2015 between LKQ Corporation and John S. Quinn.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 227.32 Td (10.35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 227.32 Td (Of) Tj ET Q q 0 0 0 rg BT 114.46 227.32 Td (fer Letter to Dominick P) Tj ET Q q 0 0 0 rg BT 212.12 227.32 Td (. Zarcone dated February 12, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 212.32 Td (10.36) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 212.32 Td (Memorandum dated as of May 25, 2017 from Joseph M. Holsten to Dominick P) Tj ET Q q 0 0 0 rg BT 424.24 212.32 Td (. Zarcone.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 197.32 Td (10.39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 197.32 Td (Employee ) Tj ET Q q 0 0 0 rg BT 146.95 197.32 Td (T) Tj ET Q q 0 0 0 rg BT 152.79 197.32 Td (ransition ) Tj ET Q q 0 0 0 rg BT 189.84 197.32 Td (Agreement dated as of May 31, 2017 between LKQ Corporation and Robert L. ) Tj ET Q q 0 0 0 rg BT 508.00 197.32 Td (W) Tj ET Q q 0 0 0 rg BT 516.94 197.32 Td (agman.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.32 Td (10.40) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 182.32 Td (Of) Tj ET Q q 0 0 0 rg BT 114.46 182.32 Td (fer letter to ) Tj ET Q q 0 0 0 rg BT 161.20 182.32 Td (V) Tj ET Q q 0 0 0 rg BT 167.78 182.32 Td (arun Laroyia dated September 5, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.32 Td (10.41) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 167.32 Td (Service ) Tj ET Q q 0 0 0 rg BT 135.93 167.32 Td (Agreement between Euro Car Parts Limited and Sukhpal Singh ) Tj ET Q q 0 0 0 rg BT 391.71 167.32 Td (Ahluwalia dated as of September 7,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 157.37 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 135.25 Td (\(b\)Exhibits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 106.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 106.32 Td (Restated Certificate of Incorporation of LKQ Corporation \(incorporated herein by reference to Exhibit 3.1 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 96.37 Td (Company) Tj ET Q q 0 0 0 rg BT 144.94 96.37 Td (s report on Form 10-Q filed with the SEC on October 31, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 85.32 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 85.32 Td (Amended and Restated Bylaws of LKQ Corporation, as amended as of March 8, 2017 \(incorporated herein by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 75.32 Td (reference to Exhibit 3.1 to the Company's report on Form 8-K filed with the SEC on March 10, 2017\).) Tj ET Q endstream endobj 251 0 obj <> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 739.07 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 739.07 Td (Specimen of common stock certificate \(incorporated herein by reference to Exhibit4.1 to the Company) Tj ET Q q 0 0 0 rg BT 519.52 739.07 Td (s) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 729.07 Td (Registration Statement on FormS-1/A, Registration No.333-107417 filed with the SEC on September 12, 2003\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 712.07 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 712.07 Td (Amendment and Restatement ) Tj ET Q q 0 0 0 rg BT 223.52 712.07 Td (Agreement dated as of January 29, 2016 by and among LKQ Corporation, LKQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 702.07 Td (Delaware LLP) Tj ET Q q 0 0 0 rg BT 161.03 702.07 Td (, and certain additional subsidiaries of LKQ Corporation, as borrowers, certain financial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 692.07 Td (institutions, as lenders, and ) Tj ET Q q 0 0 0 rg BT 214.01 692.07 Td (W) Tj ET Q q 0 0 0 rg BT 222.96 692.07 Td (ells Far) Tj ET Q q 0 0 0 rg BT 252.18 692.07 Td (go Bank, National ) Tj ET Q q 0 0 0 rg BT 327.36 692.07 Td (Association, as administrative agent \(incorporated herein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 682.07 Td (by reference to Exhibit 4.1 to the Company's report on Form 8-K filed with the SEC on February 2, 2016\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 600.07 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 600.07 Td (Amendment No. 2 dated as of December 1, 2017 to the Fourth ) Tj ET Q q 0 0 0 rg BT 355.44 600.07 Td (Amended and Restated Credit ) Tj ET Q q 0 0 0 rg BT 477.64 600.07 Td (Agreement, which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 590.07 Td (is Exhibit ) Tj ET Q q 0 0 0 rg BT 143.84 590.07 Td (A) Tj ET Q q 0 0 0 rg BT 150.51 590.07 Td ( to the ) Tj ET Q q 0 0 0 rg BT 177.45 590.07 Td (Amendment and Restatement ) Tj ET Q q 0 0 0 rg BT 297.70 590.07 Td (Agreement dated as of January 29, 2016 by and among LKQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 580.07 Td (Corporation, LKQ Delaware LLP) Tj ET Q q 0 0 0 rg BT 237.41 580.07 Td (, and certain additional subsidiaries of LKQ Corporation, as borrowers, certain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 570.07 Td (financial institutions, as lenders, and ) Tj ET Q q 0 0 0 rg BT 251.49 570.07 Td (W) Tj ET Q q 0 0 0 rg BT 260.44 570.07 Td (ells Far) Tj ET Q q 0 0 0 rg BT 289.66 570.07 Td (go Bank, National ) Tj ET Q q 0 0 0 rg BT 364.84 570.07 Td (Association, as administrative agent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 555.07 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 555.07 Td (Indenture dated as of May 9, 2013 among LKQ Corporation, as Issuer) Tj ET Q q 0 0 0 rg BT 383.57 555.07 Td (, the Guarantors, and U.S. Bank National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 545.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 165.96 545.07 Td (T) Tj ET Q q 0 0 0 rg BT 171.80 545.07 Td (rustee \(incorporated herein by reference to Exhibit 4.1 to the Company's report on Form 8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 535.07 Td (filed with the SEC on May 10, 2013\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 520.07 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 520.07 Td (Supplemental Indenture dated as of May 8, 2014 among LKQ Corporation, as Issuer) Tj ET Q q 0 0 0 rg BT 441.06 520.07 Td (, the Guarantors, and U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 510.07 Td (Bank National ) Tj ET Q q 0 0 0 rg BT 163.27 510.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 225.95 510.07 Td (T) Tj ET Q q 0 0 0 rg BT 231.79 510.07 Td (rustee \(incorporated herein by reference to Exhibit 4.1 to the Company) Tj ET Q q 0 0 0 rg BT 518.18 510.07 Td (s report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 500.07 Td (on Form 10-Q filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 251.61 500.07 Td (August 1, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 485.07 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 485.07 Td (Supplemental Indenture dated as of September 9, 2016 among LKQ Corporation, as Issuer) Tj ET Q q 0 0 0 rg BT 465.49 485.07 Td (, certain subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 475.07 Td (of LKQ Corporation, as Guarantors, and U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 347.95 475.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 410.63 475.07 Td (T) Tj ET Q q 0 0 0 rg BT 416.48 475.07 Td (rustee \(incorporated herein by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 465.07 Td (reference to Exhibit 4.1) Tj ET Q q 0 0 0 rg BT 197.22 465.07 Td (1 to the Company's report on Form 10-K filed with the SEC on February 27, 2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 449.07 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 449.07 Td (Supplemental Indenture dated as of July 20, 2017 among LKQ Corporation, as Issuer) Tj ET Q q 0 0 0 rg BT 444.40 449.07 Td (, certain subsidiaries of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 439.07 Td (LKQ Corporation, as Guarantors, and U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 337.12 439.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 399.80 439.07 Td (T) Tj ET Q q 0 0 0 rg BT 405.65 439.07 Td (rustee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 424.07 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 424.07 Td (Supplemental Indenture dated as of November 29, 2017 among LKQ Corporation, as Issuer) Tj ET Q q 0 0 0 rg BT 469.93 424.07 Td (, certain subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 414.07 Td (of LKQ Corporation, as Guarantors, and U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 347.95 414.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 410.63 414.07 Td (T) Tj ET Q q 0 0 0 rg BT 416.48 414.07 Td (rustee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 399.07 Td (4.10) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 399.07 Td (Indenture dated as of ) Tj ET Q q 0 0 0 rg BT 189.35 399.07 Td (April 14, 2016 among LKQ Italia Bondco S.p.A., as Issuer) Tj ET Q q 0 0 0 rg BT 424.40 399.07 Td (, LKQ Corporation, certain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 389.07 Td (subsidiaries of LKQ Corporation, the ) Tj ET Q q 0 0 0 rg BT 254.55 389.07 Td (T) Tj ET Q q 0 0 0 rg BT 260.39 389.07 Td (rustee, and the Paying ) Tj ET Q q 0 0 0 rg BT 350.75 389.07 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 379.82 389.07 Td (T) Tj ET Q q 0 0 0 rg BT 385.67 389.07 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 415.47 389.07 Td (Agent and Registrar \(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 379.07 Td (herein by reference to Exhibit 4.1 to the Company) Tj ET Q q 0 0 0 rg BT 306.83 379.07 Td (s report on Form 8-K filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 482.92 379.07 Td (April 18, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 363.07 Td (4.1) Tj ET Q q 0 0 0 rg BT 64.13 363.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 363.07 Td (Supplemental Indenture dated as of June 13, 2016 among ) Tj ET Q q 0 0 0 rg BT 334.89 363.07 Td (Auto Kelly a.s., LKQ Corporation, LKQ Italia Bondco) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 353.07 Td (S.p.A. and the ) Tj ET Q q 0 0 0 rg BT 162.35 353.07 Td (T) Tj ET Q q 0 0 0 rg BT 168.19 353.07 Td (rustee \(incorporated herein by reference to Exhibit 4.2 to the Company) Tj ET Q q 0 0 0 rg BT 454.58 353.07 Td (s report on Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 343.07 Td (filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 191.88 343.07 Td (August 2, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 328.07 Td (4.12) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 328.07 Td (Supplemental Indenture dated as of June 13, 2016 among ELIT) Tj ET Q q 0 0 0 rg BT 356.73 328.07 Td ( CZ, spol. s r) Tj ET Q q 0 0 0 rg BT 408.04 328.07 Td (.o., LKQ Corporation, LKQ Italia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 318.07 Td (Bondco S.p.A. and the ) Tj ET Q q 0 0 0 rg BT 195.96 318.07 Td (T) Tj ET Q q 0 0 0 rg BT 201.80 318.07 Td (rustee \(incorporated herein by reference to Exhibit 4.3 to the Company) Tj ET Q q 0 0 0 rg BT 488.19 318.07 Td (s report on Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 308.07 Td (10-Q filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 214.94 308.07 Td (August 2, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 293.07 Td (4.13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 293.07 Td (Supplemental Indenture dated as of June 13, 2016 among Rhiag-Inter ) Tj ET Q q 0 0 0 rg BT 383.49 293.07 Td (Auto Parts Italia S.p.A., LKQ Corporation,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 283.07 Td (LKQ Italia Bondco S.p.A. and the ) Tj ET Q q 0 0 0 rg BT 242.05 283.07 Td (T) Tj ET Q q 0 0 0 rg BT 247.89 283.07 Td (rustee \(incorporated herein by reference to Exhibit 4.4 to the Company) Tj ET Q q 0 0 0 rg BT 534.28 283.07 Td (s) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 273.07 Td (report on Form 10-Q filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 277.98 273.07 Td (August 2, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 258.07 Td (4.14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 258.07 Td (Supplemental Indenture dated as of June 13, 2016 among Bertolotti S.p.A., LKQ Corporation, LKQ Italia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 248.07 Td (Bondco S.p.A. and the ) Tj ET Q q 0 0 0 rg BT 195.96 248.07 Td (T) Tj ET Q q 0 0 0 rg BT 201.80 248.07 Td (rustee \(incorporated herein by reference to Exhibit 4.5 to the Company) Tj ET Q q 0 0 0 rg BT 488.19 248.07 Td (s report on Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 238.07 Td (10-Q filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 214.94 238.07 Td (August 2, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 223.07 Td (4.15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 223.07 Td (Supplemental Indenture dated as of September 9, 2016 among LKQ Corporation, LKQ Italia Bondco S.p.A., as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 213.07 Td (Issuer) Tj ET Q q 0 0 0 rg BT 126.68 213.07 Td (, certain subsidiaries of LKQ Corporation, as Guarantors, and BNP) Tj ET Q q 0 0 0 rg BT 394.57 213.07 Td ( Paribas ) Tj ET Q q 0 0 0 rg BT 428.73 213.07 Td (T) Tj ET Q q 0 0 0 rg BT 434.58 213.07 Td (rust Corporation UK Limited,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 203.07 Td (as ) Tj ET Q q 0 0 0 rg BT 113.74 203.07 Td (T) Tj ET Q q 0 0 0 rg BT 119.58 203.07 Td (rustee \(incorporated herein by reference to Exhibit 4.2 to the Company) Tj ET Q q 0 0 0 rg BT 405.97 203.07 Td (s report on Form 10-Q filed with the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 193.07 Td (SEC on November 1, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 180.07 Td (4.16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 179.17 Td (Supplemental Indenture dated as of July 24, 2017 among LKQ Corporation, LKQ Italia Bondco S.p.A., as Issuer) Tj ET Q q 0 0 0 rg BT 554.18 179.17 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 169.17 Td (certain subsidiaries of LKQ Corporation, as Guarantors, and BNP) Tj ET Q q 0 0 0 rg BT 365.91 169.17 Td ( Paribas ) Tj ET Q q 0 0 0 rg BT 400.16 169.17 Td (T) Tj ET Q q 0 0 0 rg BT 405.92 169.17 Td (rust Corporation UK Limited, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 159.17 Td (T) Tj ET Q q 0 0 0 rg BT 108.76 159.17 Td (rustee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 145.07 Td (4.17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 145.07 Td (Supplemental Indenture dated as of November 29, 2017 among LKQ Corporation, LKQ Italia Bondco S.p.A., as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 135.07 Td (Issuer) Tj ET Q q 0 0 0 rg BT 126.68 135.07 Td (, certain subsidiaries of LKQ Corporation, as Guarantors, and BNP) Tj ET Q q 0 0 0 rg BT 394.57 135.07 Td ( Paribas ) Tj ET Q q 0 0 0 rg BT 428.73 135.07 Td (T) Tj ET Q q 0 0 0 rg BT 434.58 135.07 Td (rust Corporation UK Limited,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 125.07 Td (as ) Tj ET Q q 0 0 0 rg BT 113.74 125.07 Td (T) Tj ET Q q 0 0 0 rg BT 119.58 125.07 Td (rustee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 110.07 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 110.07 Td (LKQ Corporation 401\(k\) Plus Plan dated ) Tj ET Q q 0 0 0 rg BT 269.93 110.07 Td (August1, 1999 \(incorporated herein by reference to Exhibit10.23 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 100.07 Td (the Company) Tj ET Q q 0 0 0 rg BT 159.66 100.07 Td (s Registration Statement on FormS-1, Registration No.333-107417 filed with the SEC on July 28,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 90.07 Td (2003\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 75.07 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 75.07 Td (Amendment to LKQ Corporation 401\(k\) Plus Plan \(incorporated herein by reference to Exhibit10.24 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 65.07 Td (Company) Tj ET Q q 0 0 0 rg BT 144.67 65.07 Td (s Registration Statement on FormS-1, Registration No.333-107417 filed with the SEC on July 28,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 55.07 Td (2003\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 329.07 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 329.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 329.07 Td (Agreement between LKQ Corporation and John S.Quinn dated as of July 24, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 319.07 Td (\(incorporated herein by reference to Exhibit 10.3 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 319.07 Td (s report on Form 8-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 309.07 Td (July 28, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 295.07 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 295.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 295.07 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 352.85 295.07 Td (W) Tj ET Q q 0 0 0 rg BT 361.79 295.07 Td (alter P) Tj ET Q q 0 0 0 rg BT 386.66 295.07 Td (. Hanley dated as of July 24, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 285.07 Td (\(incorporated herein by reference to Exhibit 10.4 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 285.07 Td (s report on Form 8-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 275.07 Td (July 28, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 261.07 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 261.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 261.07 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 352.85 261.07 Td (V) Tj ET Q q 0 0 0 rg BT 359.68 261.07 Td (ictor M. Casini dated as of July 24, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 251.07 Td (\(incorporated herein by reference to Exhibit 10.5 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 251.07 Td (s report on Form 8-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 241.07 Td (July 28, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 227.07 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 227.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 227.07 Td (Agreement between LKQ Corporation and Michael S. Clark dated as of July 24, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 217.07 Td (\(incorporated herein by reference to Exhibit 10.8 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 217.07 Td (s report on Form 8-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 207.07 Td (July 28, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 191.07 Td (10.22) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 191.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 191.07 Td (Agreement between LKQ Corporation and Dominick P) Tj ET Q q 0 0 0 rg BT 400.44 191.07 Td (. Zarcone dated as of March 30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 181.07 Td (\(incorporated herein by reference to Exhibit 10.7 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 181.07 Td (s report on Form 10-Q filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 171.07 Td (May 1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 156.07 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 156.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 156.07 Td (Agreement between LKQ Corporation and Justin L. Jude dated as of May 13, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 146.07 Td (\(incorporated herein by reference to Exhibit 10.32 to the Company) Tj ET Q q 0 0 0 rg BT 373.19 146.07 Td (s report on Form 10-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 136.07 Td (February 25, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 121.07 Td (10.24) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 121.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.66 121.07 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 352.66 121.07 Td (Ashley ) Tj ET Q q 0 0 0 rg BT 383.12 121.07 Td (T) Tj ET Q q 0 0 0 rg BT 388.77 121.07 Td (. Brooks dated as of May 2, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 111.07 Td (\(incorporated herein by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 111.07 Td (s report on Form 10-Q filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 101.07 Td (August 2, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 86.07 Td (10.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 86.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.38 86.07 Td (Agreement between LKQ Corporation and Matthew J. McKay dated as of June 1, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 76.07 Td (\(incorporated herein by reference to Exhibit 10.34 to the Company's report on Form 10-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 66.07 Td (February 27, 2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 51.07 Td (10.26) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 51.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 179.38 51.07 Td (Agreement between LKQ Corporation and ) Tj ET Q q 0 0 0 rg BT 352.76 51.07 Td (V) Tj ET Q q 0 0 0 rg BT 358.87 51.07 Td (arun Laroyia dated as of October 1, 2017.) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 739.07 Td (10.27) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 739.07 Td (LKQ Severance Policy for Key Executives \(incorporated herein by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 0 rg BT 542.57 739.07 Td (s) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 729.07 Td (report on Form 8-K filed with the SEC on July 28, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 714.07 Td (10.28) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 714.07 Td (Receivables Sale ) Tj ET Q q 0 0 0 rg BT 173.25 714.07 Td (Agreement dated as of September 28, 2012 among Keystone ) Tj ET Q q 0 0 0 rg BT 418.19 714.07 Td (Automotive Industries, Inc., as an) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 704.07 Td (Originator) Tj ET Q q 0 0 0 rg BT 144.46 704.07 Td (, Greenleaf ) Tj ET Q q 0 0 0 rg BT 190.89 704.07 Td (Auto Recyclers, LLC, as an Originator) Tj ET Q q 0 0 0 rg BT 345.65 704.07 Td (, and LKQ Receivables Finance Company) Tj ET Q q 0 0 0 rg BT 513.97 704.07 Td (, LLC, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 694.07 Td (Buyer \(incorporated herein by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 0 rg BT 395.13 694.07 Td (s report on Form 8-K filed with the SEC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 684.07 Td (on October 4, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 669.07 Td (10.29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 669.07 Td (Receivables Purchase ) Tj ET Q q 0 0 0 rg BT 192.13 669.07 Td (Agreement dated as of September 28, 2012 among LKQ Receivables Finance Company) Tj ET Q q 0 0 0 rg BT 543.66 669.07 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 659.07 Td (LLC, as Seller) Tj ET Q q 0 0 0 rg BT 160.84 659.07 Td (, LKQ Corporation, as Servicer) Tj ET Q q 0 0 0 rg BT 285.96 659.07 Td (, ) Tj ET Q q 0 0 0 rg BT 290.67 659.07 Td (V) Tj ET Q q 0 0 0 rg BT 297.50 659.07 Td (ictory Receivables Corporation, as a Conduit and ) Tj ET Q q 0 0 0 rg BT 496.51 659.07 Td (The Bank of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 649.07 Td (T) Tj ET Q q 0 0 0 rg BT 108.76 649.07 Td (okyo-Mitsubishi UFJ, Ltd., as a Financial Institution, as ) Tj ET Q q 0 0 0 rg BT 334.24 649.07 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 396.18 649.07 Td (Agent and as a Managing ) Tj ET Q q 0 0 0 rg BT 500.32 649.07 Td (Agent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 639.07 Td (\(incorporated herein by reference to Exhibit 10.2 to the Company) Tj ET Q q 0 0 0 rg BT 368.19 639.07 Td (s report on Form 8-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 629.07 Td (October 4, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 614.07 Td (10.30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 614.07 Td (Amendment No. 1 to Receivables Purchase ) Tj ET Q q 0 0 0 rg BT 279.07 614.07 Td (Agreement dated as of September 29, 2014 among LKQ Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 604.07 Td (Finance Company) Tj ET Q q 0 0 0 rg BT 175.72 604.07 Td (, LLC, as Seller) Tj ET Q q 0 0 0 rg BT 238.23 604.07 Td (, LKQ Corporation, as Servicer) Tj ET Q q 0 0 0 rg BT 363.36 604.07 Td (, ) Tj ET Q q 0 0 0 rg BT 368.07 604.07 Td (V) Tj ET Q q 0 0 0 rg BT 374.90 604.07 Td (ictory Receivables Corporation, as a Conduit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 594.07 Td (and ) Tj ET Q q 0 0 0 rg BT 119.85 594.07 Td (The Bank of ) Tj ET Q q 0 0 0 rg BT 172.15 594.07 Td (T) Tj ET Q q 0 0 0 rg BT 177.82 594.07 Td (okyo-Mitsubishi UFJ, Ltd., as a Financial Institution, as ) Tj ET Q q 0 0 0 rg BT 403.30 594.07 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 465.24 594.07 Td (Agent and as a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 584.07 Td (Managing ) Tj ET Q q 0 0 0 rg BT 145.77 584.07 Td (Agent \(incorporated herein by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 0 rg BT 437.62 584.07 Td (s report on Form 8-K filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 574.07 Td (with the SEC on October 3, 2014\).) 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