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supn:item supn:product xbrli:pure iso4217:USD xbrli:shares false --12-31 FY 2017 2017-12-31 10-K 0001356576 51537138 Yes Large Accelerated Filer 2112421553 SUPERNUS PHARMACEUTICALS INC No No 4350000 6996000 1794000 726000 41943000 68343000 -900000 22336000 5600000 8900000 42921000 47696000 43021000 27089000 4162000 4548000 2200000 24000 188.7059 1000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Deferred Financing Costs</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred financing costs consist of financing costs incurred by the Company in connection with the issuance of the Company's 7.50% Convertible Senior Secured Notes (see Note&nbsp;8). The Company amortized deferred financing costs over the term of the related debt using the effective interest method. All related deferred financing costs have been written off, coincident with the conversion of all remaining Notes in 2017. The was no remaining balance at December&nbsp;31, 2017.</font> </p><div /></div> </div> 209000 287000 1501000 1149000 11223000 6377000 128000 4141000 141000 13899000 10557000 P18Y 0.03 1.00 0.50 0.60 1.00 0.02 652000 9270000 0 0 2338000 671000 295000 -2494000 -1182000 -321000 400000 500000 0 18333000 15149000 26400000 149000 144000 -274000 -589000 -448000 -76000 1582000 -2306000 3566000 804507 71537 7012 3541000 4548000 1434000 0 18400000 7100000 51000000 9789000 5122000 521000 3101000 4283000 27289000 22258000 30000000 2 2 1 2100000 200000 0 79000 400000 454000 P5Y 32100000 6700000 500000 300000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Preclinical Study and Clinical Trial Accruals</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company estimates preclinical study and clinical trial expenses based on the services performed pursuant to contracts with research institutions, clinical investigators, and clinical research organizations (CROs) that conduct activities on our behalf. In recording service fees, the Company estimates the time period over which the related services will be performed and compares the level of effort expended through the end of each period to the cumulative expenses recorded and payments made for such services. As appropriate, it accrues additional service fees or defers any non-refundable advance payments until the related services are performed. If the actual timing of the performance of services or the level of effort varies from the estimate, the Company will adjust its accrued expenses or deferred advance payments accordingly. If the Company later determines that it no longer expects the services associated with a nonrefundable advance payment to be rendered, the advance payment will be charged to expense in the period in which such determination is made.</font> </p><div /></div> </div> 30000000 3038000 4686000 5283000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Revenue from Product Sales</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Revenue from product sales is recognized when: persuasive evidence of an arrangement exists; delivery has occurred and title to the product and associated risk of loss has passed to the customer; the price is fixed or determinable; collection from the customer has been reasonably assured; all performance obligations have been met; and returns and allowances can be reasonably estimated. Product sales are recorded net of estimated rebates, chargebacks, allowances, discounts, patient copay assistance and other deductions as well as estimated product returns (collectively, "sales deductions").</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Our products are distributed through wholesalers and pharmaceutical distributors. Each of these wholesalers and distributors takes title and ownership to the product upon physical receipt of the product and then distributes our products to pharmacies.</font> </p><div /></div> </div> P12M P6M <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Property and equipment consist of the following, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Computer equipment</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,226 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,206 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Software</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,004 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,807 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Lab equipment and furniture</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,331 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,758 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Leasehold improvements</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,731 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,642 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Construction in progress</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>178 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,470 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,441 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Less accumulated depreciation and amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,346 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,097 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,124 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,344 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 4 0.05 0.05 0.00 0.00 5693062 771655 864850 205640 85694 407477 27089000 27083000 6000 4162000 4161000 1000 4548000 4547000 1000 937000 937000 557000 557000 3793000 3793000 4200000 9700000 -21000 -160000 -2565000 1004000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">7. Accrued Expenses</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued expenses are comprised of the following, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued compensation</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,279 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,145 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued professional fees</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,890 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,447 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued clinical trial and clinical supply costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,996 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,350 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued product costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>726 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,794 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued interest expense</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Other accrued expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,414 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,630 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,305 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,427 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 8055000 6844000 41527000 65586000 7000 15938000 27427000 27305000 6447000 2890000 8097000 9346000 -134000 -747000 P10Y P5Y10M24D P10Y P5Y10M24D 276127000 211000 294999000 34000 34000 4090000 4090000 5926000 5926000 8433000 8433000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Advertising Expense</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The costs of the Company's advertising efforts are expensed as incurred. The Company incurred approximately $33.8&nbsp;million, $21.9&nbsp;million and $19.3&nbsp;million in advertising costs for the years ended December&nbsp;31, 2017, 2016 and 2015, respectively. These expenses are recorded in the selling, general and administrative expense line item.</font> </p><div /></div> </div> 19300000 21900000 33800000 4090000 874000 3216000 5926000 1107000 4819000 8433000 1387000 7046000 42000 0 0 0 5429000 687000 278000 50000 50000 200000 1300000 6900000 25027 20957 22944 40009 309568000 424464000 151404000 228451000 165806000 68771000 97035000 274013000 102870000 171143000 99133000 173374000 86000 48000 440000 909000 99487000 174235000 39736000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Basis of Presentation</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company's consolidated financial statements include the accounts of Supernus Pharmaceuticals,&nbsp;Inc. and Supernus Europe&nbsp;Ltd., collectively referred to herein as "Supernus" or "the Company." All significant intercompany transactions and balances have been eliminated in consolidation. The Company's consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (U.S.&nbsp;GAAP).</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company, which is primarily located in the U.S., operates in one operating segment.</font> </p><div /></div> </div> 36396000 33498000 66398000 100304000 66398000 66398000 100304000 100304000 -2898000 32900000 33906000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Cash and Cash Equivalents</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company considers all investments in highly liquid financial instruments with an original maturity of three months or less to be cash equivalents.</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">15. Collaboration Agreements</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">In the third quarter of 2014, the Company received a $30.0&nbsp;million payment pursuant to a Royalty Interest Acquisition Agreement related to the purchase by HC Royalty of certain of the Company's rights under the agreement with United Therapeutics Corporation related to the commercialization of Orenitram (treprostinil) Extended-Release Tablets. Full ownership of the royalty rights will revert to the Company if and when a certain threshold is reached per the terms of the Agreement. We have recorded a non-recourse liability related to this transaction of $30&nbsp;million and have begun to amortize this amount to recognize non-cash royalty revenue as royalties are received by HC Royalty from United Therapeutics. We also recognized non-cash interest expense related to this liability that accrues at an effective interest rate, with that interest rate determined based on projections of HC Royalty's rate of return.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">We recognized non-cash royalty revenue of $5.3&nbsp;million, $4.7&nbsp;million and $3.0&nbsp;million for the year ended December&nbsp;31, 2017, 2016 and 2015, respectively. We recognized non-cash interest expense of $1.4&nbsp;million $4.5&nbsp;million and $3.5&nbsp;million for the years ended December&nbsp;31, 2017, 2016 and 2015, respectively.</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">13. Commitments and Contingencies</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company has concurrent leases for office and lab space that extend through April 2020. The Company may elect to extend the term of the leases for an additional five-year term. The leases provide for a tenant improvement allowance of approximately $2.1&nbsp;million in aggregate. During the year ended December&nbsp;31, 2017, approximately $79,000 of the allowance was utilized and is included in fixed assets and deferred rent. During the year ended December&nbsp;31, 2016, none of the allowance was utilized. During the year ended December&nbsp;31, 2015, approximately $0.2&nbsp;million of the allowance was utilized and is included in fixed assets and deferred rent. As of December&nbsp;31, 2017, $0.4&nbsp;million is available for tenant improvements.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Rent expense for the leased facilities and leased vehicles for the years ended December&nbsp;31, 2017, 2016 and 2015 was approximately, $2.7&nbsp;million, $2.7&nbsp;million and $2.6&nbsp;million, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Future minimum lease payments under non-cancelable operating leases as of December&nbsp;31, 2017 are as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Year ending December&nbsp;31:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2018</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,349 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2019</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,249 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Thereafter</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>454 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,052 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company has obtained exclusive licenses from third parties for proprietary rights to support the product candidates in the Company's psychiatry portfolio. Under license agreements with Afecta Pharmaceuticals,&nbsp;Inc. (Afecta), the Company has exclusive worldwide rights to selected product candidates, including an exclusive license to SPN-810. We may pay up to $300,000 upon the achievement of certain milestones, none of which is owed as of December&nbsp;31, 2017. The Company is obligated to pay royalties to Afecta as a low single digit percentage of worldwide net product sales.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company has also entered into a purchase and sale agreement with Rune HealthCare Limited (Rune), where the Company obtained the exclusive worldwide rights to a product concept from Rune. There are no future milestone payments due to Rune under this agreement. If the Company receives approval to market and sell any products based on the Rune product concept for SPN-809, the Company is obligated to pay royalties to Rune as a low single digit percentage of worldwide net product sales.</font> </p><div /></div> </div> 0.001 0.001 130000000 130000000 49971267 51314850 49971267 51314850 50000 51000 13610000 91575000 56671000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Concentration of Credit Risk</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, accounts receivable and marketable securities. The counterparties are various corporations and financial institutions of high credit standing.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Substantially all of the Company's cash and cash equivalents are maintained with U.S. government agencies and well known corporations. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and, therefore, management believes they bear minimal default risk.</font> </p><div /></div> </div> 0.97 0.96 0.30 0.30 0.37 0.46 0.22 0.28 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The table below summarizes activity related to the Notes from issuance on May&nbsp;3, 2013 through December&nbsp;31, 2017, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Gross proceeds</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,000 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Initial value of interest make-whole derivative reported as debt discount</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,270 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion option reported as debt discount and APIC</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,336 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;principal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(85,425 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,767 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,429 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">December&nbsp;31, 2016 carrying value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,165 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;principal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,575 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>360 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">December&nbsp;31, 2017 carrying value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 4165000 4165000 0 8423000 11986000 15215000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Cost of Product Sales</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The cost of product sales consists primarily of materials, third-party manufacturing costs, freight and distribution costs, allocation of labor, quality control and assurance, and other manufacturing overhead costs.</font> </p><div /></div> </div> 126621000 37757000 160787000 39981000 36971000 46078000 40788000 202697000 49762000 58056000 54091000 392000 211000 181000 624000 544000 18288000 42000 78000 3822000 17000000 700000 900000 85425000 90000000 3900000 4575000 5.30 90000000 0.075 0.075 25767000 360000 -39898000 21493000 -41787000 21224000 -1576000 -269000 1086000 480000 41729000 20843000 41729000 392000 20843000 56192000 35805000 24926000 5072000 878000 645000 706000 2073000 1581000 1613000 7119000 3795000 8128000 7090000 8449000 417000 211000 423000 264000 275000 275000 275000 335000 335000 335000 1400000 1600000 1800000 0.90 700000 1100000 1200000 921000 2399000 8132000 114000 114000 114000 484000 -416000 32000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">10. Share-Based Payments</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;">Stock Option Plans</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company has adopted the Supernus Pharmaceuticals,&nbsp;Inc. 2012 Equity Incentive Plan (the 2012 Plan), which is stockholder approved, and provides for the grant of stock options and certain other awards, including stock appreciation rights (SAR), restricted and unrestricted stock, stock units, performance awards, cash awards and other awards that are convertible into or otherwise based on the Company's common stock, to the Company's key employees, directors, consultants and advisors. The 2012 Plan is administered by the Company's Board of Directors and the Company's Compensation Committee and provides for the issuance of up to 8,000,000 shares of the Company's Common Stock. Option awards are granted with an exercise price equal to the estimated fair value of the Company's Common Stock at the grant date. Option awards granted to employees, consultants and advisors generally vest in four annual installments, starting on the first anniversary of the date of the grant and have ten-year contractual terms. Option awards granted to the directors generally vest over a one year term and have ten-year contractual terms.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Share-based compensation recognized related to the grant of employee and non-employee stock options, SAR, Employee Stock Purchase Plan (ESPP) awards and non-vested stock was as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Research and development</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,387 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,107 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>874 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Selling, general and administrative</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,046 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,819 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,216 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,433 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,926 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,090 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model and the assumptions in the following table:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Fair value of common stock</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$25.30&nbsp;-&nbsp;$41.00</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$12.98&nbsp;-&nbsp;$22.80</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$9.13&nbsp;-&nbsp;$21.21</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Expected volatility</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">53.61%&nbsp;-&nbsp;60.6%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">60.9%&nbsp;-&nbsp;64.5%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">60.9%&nbsp;-&nbsp;64.6%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Dividend yield</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Expected term</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">6.25&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Risk-free interest rate</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1.90%&nbsp;-&nbsp;2.18%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1.14%&nbsp;-&nbsp;2.15%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1.54%&nbsp;-&nbsp;1.74%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Expected forfeiture rate</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5%</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Fair Value of Common Stock</font><font style="display:inline;font-family:Times;">&#x2014;The fair value of the Common Stock underlying the option grants was determined based on observable market prices of the Company's Common Stock.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Expected Volatility</font><font style="display:inline;font-family:Times;">&#x2014;Volatility is a measure of the amount by which a financial variable such as a share price has fluctuated (historical volatility) or is expected to fluctuate (expected volatility) during a period. The Company has identified several public entities of similar size, complexity, and stage of development. Accordingly, historical volatility has been calculated using the volatility of these companies, as well as taking into consideration the Company's actual volatility since our IPO. As our historical experience is not sufficient to calculate volatility for our option grants, the Company will continue to use the guideline peer group volatility information until the historical volatility of its own Common Stock is sufficient on its own to measure expected volatility for future option grants.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Dividend Yield</font><font style="display:inline;font-family:Times;">&#x2014;The Company has never declared or paid dividends and has no plans to do so in the foreseeable future.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Expected Term</font><font style="display:inline;font-family:Times;">&#x2014;This is the period of time that the options granted are expected to remain unexercised. Options granted have a maximum term of ten years. The Company determines the average expected life of stock options according to the "simplified method" as described in Staff Accounting Bulletin 110, which is the mid-point between the vesting date and the end of the contractual term. Over time, management will track estimates of the expected life of the option term so that estimates will approximate actual experience for similar options.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Risk-Free Interest Rate</font><font style="display:inline;font-family:Times;">&#x2014;This is the U.S. Treasury note rate during the week each option grant was issued during the year, with a term that most closely resembles the expected term of the option.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Expected Forfeiture Rate</font><font style="display:inline;font-family:Times;">&#x2014;Prior to 2017, the forfeiture rate was the estimated percentage of options granted that are anticipated to be forfeited or canceled on an annual basis before becoming fully vested. Under ASU 2016-09, adopted January&nbsp;1, 2017, the forfeiture rate is zero. The Company accounts for forfeitures as they occur.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following table summarizes stock option and SAR activity:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number of<br />Options</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-<br />Average<br />Exercise Price</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-Average<br />Remaining<br />Contractual<br />Term (in years)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Outstanding, December&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,699,007 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.94 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.92 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Granted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,058,850 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13.32 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Exercised</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(85,694 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.51 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Forfeited</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28,075 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.23 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Outstanding, December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,644,088 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.25 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.59 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Granted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,130,155 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26.57 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Exercised</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(407,477 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.31 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Forfeited</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(86,096 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.24 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Outstanding, December&nbsp;31, 2017</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,280,670 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14.50 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">As of December&nbsp;31, 2017:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Vested and expected to vest</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,280,670 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14.50 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Exercisable</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,952,769 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.35 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.16 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">As of December&nbsp;31, the aggregate intrinsic value of options outstanding is $108.5&nbsp;million, $54.7&nbsp;million, and $12.6&nbsp;million for 2017, 2016, and 2015, respectively. As of December&nbsp;31, the aggregate intrinsic value of options vested and expected to vest is $108.5&nbsp;million, $54.0&nbsp;million, and $12.4&nbsp;million, for 2017, 2016, and 2015, respectively. As of December&nbsp;31, the aggregate intrinsic value of options which are exercisable is $59.6&nbsp;million, $25.0&nbsp;million, and $5.0&nbsp;million, for 2017, 2016, and 2015, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The weighted-average, grant-date, fair value of options which were granted for the years ended December&nbsp;31, 2017, 2016 and 2015 was $14.35, $7.66 and $6.05 per share, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The total fair value of the underlying Common Stock related to shares that vested during the years ended December&nbsp;31, 2017, 2016 and 2015 was approximately $5.4&nbsp;million, $3.9&nbsp;million and $2.6&nbsp;million, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The total intrinsic value of options exercised amounted to approximately $12.8&nbsp;million, $1.1&nbsp;million and $1.6&nbsp;million, respectively, during the years ended December&nbsp;31, 2017, 2016 and 2015.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">As of December&nbsp;31, 2017 and 2016, the total unrecognized compensation expense was approximately $17.6&nbsp;million and $9.8&nbsp;million, respectively, which the Company expects to recognize over a weighted-average period of 2.8 and 2.7&nbsp;years, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 0.29 0.10 1.84 0.21 1.25 0.29 0.21 1.13 0.34 0.31 0.27 0.28 0.08 1.76 0.18 1.18 0.26 0.19 1.08 0.32 0.29 0.26 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">11. Earnings per Share</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Basic earnings per common share is determined by dividing earnings attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted earnings per share is computed by dividing the earnings attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period. The treasury stock method is used to determine the dilutive effect of the Company's stock option grants, SAR, and potential ESPP awards, and the if-converted method is used to determine the dilutive effect of the Company's Notes.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following Common Stock equivalents were excluded in the calculation of diluted earnings per share because their inclusion would be anti-dilutive as applied to the earnings from continuing operations applicable to common stockholders for the years ended December&nbsp;31, 2017, 2016 and 2015:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Warrants to purchase common stock</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,957 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Stock options, stock appreciation rights, and ESPP awards</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,009 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,944 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,027 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following table sets forth the computation of basic and diluted net earnings per share for the years ended December&nbsp;31, 2017, 2016 and 2015, in thousands of dollars, except share and per share amounts:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Numerator, in thousands:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings used for calculation of basic EPS</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,284 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,221 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,944 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Interest expense on convertible debt</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>134 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>543 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,229 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Changes in fair value of derivative liabilities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(76 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(448 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(589 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Loss on extinguishment of debt</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>295 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>671 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,338 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Loss on extinguishment of outstanding debt,</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">as if converted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(321 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,182 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,494 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total adjustments</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(416 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>484 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings used for calculation of diluted EPS</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,316 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,805 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,428 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Denominator:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Weighted average shares outstanding, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,756,603 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,472,434 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,485,258 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Effect of dilutive potential common shares:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shares underlying Convertible Senior Secured Notes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285,257 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,222,363 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,459,009 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shares issuable to settle interest make-whole derivatives</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,012 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,537 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>804,507 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Stock options and stock appreciation rights</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,252,278 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>942,649 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,606 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total potential dilutive common shares</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,544,547 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,236,549 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,675,122 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Weighted average shares outstanding, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,301,150 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,708,983 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,160,380 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earings per share, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.13 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.84 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.29 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.08 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.76 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 0.35 0.21 9145000 10279000 9800000 17600000 P2Y8M12D P2Y9M18D <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company's financial assets and liabilities that are required to be measured at fair value, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements at December&nbsp;31, 2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Carrying<br />Value at<br />December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Quoted Prices<br />in Active<br />Markets<br />(Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Other<br />Observable<br />Inputs<br />(Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,304 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,304 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Marketable securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,736 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,118 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,618 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Corporate debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132,477 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>448 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132,029 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,161 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,161 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Marketable securities&#x2014;restricted (SERP)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>335 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>335 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total assets at fair value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>274,013 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,870 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>171,143 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 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<font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p 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#000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements at December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Carrying<br />Value at<br />December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Quoted Prices<br />in Active<br />Markets<br />(Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Other<br />Observable<br />Inputs<br />(Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,398 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,398 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Marketable securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,723 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>656 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Corporate debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,343 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,717 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72,626 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Marketable securities&#x2014;restricted (SERP)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total assets at fair value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,806 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,771 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,035 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Liabilities:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Derivative liabilities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p 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style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-size:12pt;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">3. Fair Value of Financial Instruments</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The fair value of an asset or liability should represent the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Such transactions to sell an asset or transfer a liability are assumed to occur in the principal or most advantageous market for the asset or liability. Accordingly, fair value is determined based on a hypothetical transaction at the measurement date, considered from the perspective of a market participant rather than from a reporting entity's perspective.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company reports assets and liabilities that are measured at fair value using a three level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;"> <tr style="CellSpacing:15;"> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Level&nbsp;1&#x2014;Inputs are unadjusted quoted prices in active markets for identical assets that the Company has the ability to access at the measurement date.&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Level&nbsp;2&#x2014;Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Level&nbsp;3&#x2014;Unobservable inputs that reflect the Company's own assumptions, based on the best information available, including the Company's own data.</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company's financial assets and liabilities that are required to be measured at fair value, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements at December&nbsp;31, 2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Carrying<br />Value at<br />December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Quoted Prices<br />in Active<br />Markets<br />(Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Other<br />Observable<br />Inputs<br />(Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,304 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,304 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Marketable securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,736 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,118 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,618 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Corporate debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132,477 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>448 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132,029 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,161 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,161 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Marketable securities&#x2014;restricted (SERP)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>335 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>335 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Total assets at fair value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>274,013 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,870 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>171,143 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements at December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Carrying<br />Value at<br />December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Quoted Prices<br />in Active<br />Markets<br />(Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Other<br />Observable<br />Inputs<br />(Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,398 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,398 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Marketable securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,723 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>656 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Corporate debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,343 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,717 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72,626 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Marketable securities&#x2014;restricted (SERP)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Total assets at fair value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,806 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,771 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,035 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Derivative liabilities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The fair value of the restricted marketable securities is included within other non-current assets in the consolidated balance sheets.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company's Level&nbsp;1 assets include cash held with banks, certificates of deposit, and money market funds.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Level&nbsp;2 assets include the SERP (Supplemental Executive Retirement Plan) assets, commercial paper and investment grade corporate and government debt securities and other fixed income securities. Level&nbsp;2 securities are valued using third-party pricing sources that apply applicable inputs and other relevant data in their models to estimate fair value.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Level&nbsp;3 liabilities include the estimated fair value of the interest make-whole liability associated with the Company's Notes, which are recorded as derivative liabilities. The "make-whole fundamental change" provision (as defined in the Indenture governing the Notes) expired on May&nbsp;1, 2017.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The carrying amounts of other financial instruments, including accounts receivable, accounts payable and accrued expenses approximate fair value due to their short-term maturities.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Unrestricted marketable securities held by the Company were as follows, in thousands of dollars:</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">At December&nbsp;31, 2017:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Available for Sale </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized<br />Cost</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Gains</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Losses</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Corporate and government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>174,235 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(909 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,374 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">At December&nbsp;31, 2016:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Available for Sale </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized<br />Cost</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Gains</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Losses</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Corporate and government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,487 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(440 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,133 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The contractual maturities of the unrestricted available for sale marketable securities held by the Company were as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Less Than 1 Year</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,736 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">1&nbsp;year to 2&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,921 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">2&nbsp;year to 3&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,021 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">3&nbsp;years to 4&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,696 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Greater Than 4 Years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,374 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company has not experienced any other-than-temporary losses on its marketable securities and restricted marketable securities. The cost of securities sold is calculated using the specific identification method.</font> </p><div /></div> </div> 74343000 1717000 72626000 132477000 448000 132029000 1067000 1067000 1161000 1161000 1283000 8166000 5200000 5200000 5200000 5200000 5200000 37633000 44185000 193000 448000 76000 -2338000 -671000 -700000 -295000 -300000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Impairment of Long-Lived Assets</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Long-lived assets consist primarily of property and equipment and patent defense costs. The Company assesses the recoverability of its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If indications of impairment exist, projected future undiscounted cash flows associated with the asset are compared to the carrying value to determine whether the asset's value is recoverable. Evaluating for impairment requires judgment, including the estimation of future cash flows, future growth rates and profitability, and the expected life over which cash flows will occur. Changes in the Company's business strategy or adverse changes in market conditions could impact impairment analyses and require the recognition of an impairment charge equal to the excess of the carrying value of the long-lived asset over its estimated fair value. There were no indicators of impairment identified for the Company's long-lived assets as of December&nbsp;31, 2017.</font> </p><div /></div> </div> 14610000 50369000 100618000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">12. Income Taxes</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">On December&nbsp;22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (Tax Act), resulting in significant modifications to existing law. The Tax Act, among other things, lowered the U.S. corporate income tax rate from 35&nbsp;percent to 21&nbsp;percent effective January&nbsp;1, 2018. The Tax Act also enhanced and extended through 2026 the option to claim accelerated depreciation on qualified property and expanded limitations on the deductibility of executive compensation.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company recognized the income tax effects of the Tax Act in accordance with Staff Accounting Bulletin No.&nbsp;118, which provides guidance for the application of ASC Topic 740,</font><font style="display:inline;font-family:Times;">&nbsp;</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Income Taxes</font><font style="display:inline;font-family:Times;font-size:10pt;">, in the reporting period in which the Tax Act was signed into law. The Company's financial results in 2017 reflect the income tax effects of the Tax Act for which the accounting under ASC Topic 740 is provisional for those specific income tax effects of the Tax Act for which the accounting under ASC Topic 740 is incomplete but a reasonable estimate could be determined. The Company did not identify items for which the income tax effects of the Tax Act have not been completed and a reasonable estimate could not be determined as of December&nbsp;31, 2017.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The changes to existing U.S. tax laws as a result of the Tax Act that have most significant impact to the Company's federal income taxes is the reduction of the U.S. corporate income tax rate. The Company's deferred tax assets and liabilities were remeasured to reflect the reduction in the U.S. corporate income tax rate from 35&nbsp;percent to 21&nbsp;percent. The Company wrote down its net deferred tax assets as of December&nbsp;31, 2017 by $9.7&nbsp;million to reflect the estimated impact of the decrease in federal statutory rates on the value of its net deferred tax asset and recorded a corresponding net one-time income tax expense of $9.7&nbsp;million, all of which was non-cash. Additionally, the provisional amount recognized by the Company in 2017 attributable to the accelerated depreciation on qualified property is not material. Based on analysis by the Company, the impact on the deductibility of executive compensation as it relates to the stock compensation is also not material.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company had substantially completed its analysis of the income tax effects of the Tax Act and does not anticipate material adjustments to the recorded amounts, however, the final results could vary from these recorded amounts. The net one-time charge related to the effects of the Tax Act may differ due to, among other things, further refinements of our calculations, changes in interpretations and assumptions that that Company has made, and related accounting policy decisions that the Company may take as a result of the Tax Act. Additionally potential further guidance, regulations, interpretations and rulings may be forthcoming from accounting and regulatory bodies and federal and state tax agencies, which could result in additional impacts. The Company will complete its analysis over a one-year measurement period ending December&nbsp;22, 2018 and any adjustments during this measurement period will be included in net earnings from continuing operations as adjustment to income tax expense in the reporting period in which such adjustments are determined.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The components of the income tax (benefit)/ expense for the years ended December&nbsp;31, 2017, 2016 and 2015 were as follow, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Current</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,288 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>544 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>624 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">State</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,822 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>78 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,493 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,898 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">State</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(269 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,576 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,334 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,852 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">A reconciliation of the expected income tax (benefit)/ expense computed using the U.S. Federal statutory income tax rate to the Company's effective income tax rate is as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Income tax expense computed at U.S. Federal statutory tax rate</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,217 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,629 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,114 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Permanent items</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,311 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>715 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>601 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">State income taxes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,714 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,523 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Change in valuation allowance</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(56,019 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,705 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Uncertain income tax position</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,137 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>533 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Research and development credits</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,196 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,902 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(979 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred rate change</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,694 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Income tax expense/ (benefit)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,334 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,852 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The significant components of the Company's deferred income tax assets (liabilities) were as follow, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">As of December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred tax assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Net operating loss carryforward</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,072 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,926 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred rent credit</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>211 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>417 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Accrued compensation and non-qualified stock options</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,090 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,128 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,073 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>706 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Research and development credits</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,795 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,119 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Capitalized overhead into inventory (UNICAP &#xA7;263A)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>480 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,086 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Nonrecourse liability related to sale of future royalties</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,377 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,223 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>645 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>878 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">AMT credit</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,613 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,581 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Accrued sales deductions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,449 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Net deferred tax asset</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,805 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,192 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:9pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred tax liability:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Debt discount on convertible notes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(141 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Infringement legal cost</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,557 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,899 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Depreciation</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(264 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(423 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Section&nbsp;481(a)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,141 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Net deferred taxes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,843 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,729 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In assessing the realizability of deferred income tax assets, management considers whether it is more-likely-than-not that some or all of the deferred income tax assets will not be realized. The ultimate realization of the deferred income tax assets is dependent upon the generation of future taxable income during the periods in which the net operating loss (NOL) and tax credit carryforwards are available. Management considers projected future taxable income, the scheduled reversal of deferred income tax liabilities, and available tax planning strategies that can be implemented by the Company in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the NOL and credit carryforwards are available to reduce income taxes payable, management had determined it is more-likely-than-not to realize such net deferred tax assets.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">As of December&nbsp;31, 2017, the U.S. Federal and state NOL carryforwards amounted to approximately $32.1&nbsp;million ($6.7&nbsp;million tax effected) and $8.1&nbsp;million ($0.5&nbsp;million tax effected), respectively, and will expire in various years beginning in 2030. As of December&nbsp;31, 2017, the Company has available research and development credit carryforwards of approximately $4.2&nbsp;million, which expire, if unused, starting in 2026. The use of the Company's U.S. Federal and State NOL carryforwards and research and development credits are restricted in annual use due to changes in the Company's ownership. For the year ended December&nbsp;31, 2017, the Company utilized NOLs of approximately $51.0&nbsp;million and expects the remaining $32.1&nbsp;million of Federal NOL carryforwards to become available over the years from 2018 to 2020, in amounts ranging from $7.1&nbsp;million to $18.4&nbsp;million per year. In addition, the Company has available research and development credits of approximately $4.2&nbsp;million, expected to become available in 2019 to 2020. The Company's state NOLs will have a similar limitation to the amount noted for the U.S. Federal NOLs. Additionally, despite the NOL carryforwards, the Company may have a future tax liability due to state and local income tax requirements. The Company paid no Federal income taxes in the years ended December&nbsp;31, 2016 or 2015.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company accounts for uncertain income tax positions pursuant to the guidance in FASB ASC Topic&nbsp;740,</font><font style="display:inline;font-family:Times;">&nbsp;</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Income Taxes</font><font style="display:inline;font-family:Times;font-size:10pt;">. The Company recognizes interest and penalties related to uncertain tax positions, if any, in income tax expense. As of December&nbsp;31, 2017, the Company accrued interest of a nominal amount and penalties of $0.1&nbsp;million related to uncertain tax positions. The Company's income taxes have not been subject to examination by any tax jurisdictions since its inception in 2005. Due to NOL and research and development credit carryforwards, all U.S. Federal and state income tax returns filed by the Company are subject to examination by the taxing jurisdictions. Some uncertain income tax position liabilities have been recorded against the Company's deferred income tax assets to offset such tax attribute carryforwards and other positions that can't be offset by tax attributes until a liability has been booked.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Balance as of January&nbsp;1</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,299 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,341 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,964 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Gross increases (decreases) related to prior-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>947 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Gross increases related to current-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,178 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>646 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Gross decreases related to prior-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(375 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Gross decreases related to current-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(169 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(243 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Change in tax rates</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,565 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(160 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Balance as of December&nbsp;31</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,859 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,299 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,341 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">As of December&nbsp;31, 2017 and 2016, the Company recorded zero and $0.5&nbsp;million of current tax expense on setting up an uncertain tax position related to the Alternative Minimum Tax. The Company also recorded a $0.4&nbsp;million expense on setting up an uncertain tax position related to state tax nexus. The Company does not anticipate a significant increase or decrease in the uncertain income tax benefits within the next 12&nbsp;months.</font> </p><div /></div> </div> 1588000 666000 -40852000 43334000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Income Taxes</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax reporting bases of assets and liabilities and are measured using tax rates and laws that are expected to be in effect when the differences are expected to reverse. When appropriate, valuation allowances are established to reduce deferred tax assets to the amounts expected to be realized.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company accounts for uncertain tax positions in its consolidated financial statements when it is more-likely-than-not that the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority, assuming full knowledge of the position and relevant facts. The Company's policy is to recognize any interest and penalties related to income taxes as income tax expense.</font> </p><div /></div> </div> -4705000 -56019000 9694000 5114000 17629000 35217000 601000 715000 -2311000 60000 105000 1353000 42000 -1523000 2714000 533000 143000 -1137000 979000 1902000 2196000 2061000 3470000 -620000 8638000 15619000 24059000 7000 15931000 507000 7539000 2888000 -854000 4214000 -497000 489000 -334000 6513000 2459009 1222363 285257 411606 942649 2252278 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">6. Intangible Assets</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Intangible assets consist of patent defense costs, which are deferred legal fees incurred in conjunction with defending patents for Oxtellar XR and Trokendi XR.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following sets forth the gross carrying amount and related accumulated amortization of the intangible assets, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-<br />Average Life</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Capitalized patent defense costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5.9&nbsp;-&nbsp;10&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,185 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,633 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Less accumulated amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,166 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,283 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,019 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,350 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">In March 2017, the Company entered into two settlements with various companies related to Trokendi XR patent litigation. The remaining unamortized aggregate capitalized patent defense cost for Trokendi XR is amortized over the remaining useful life of the patents at issue or January&nbsp;1, 2023, which is the date the Company is obligated under the settlements to grant a non-exclusive license to the patents at issue.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Amortization expense on intangible assets was approximately $6.9&nbsp;million, $1.3&nbsp;million and $0.2&nbsp;million for the years ended December&nbsp;31, 2017, 2016 and 2015, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Anticipated annual amortization expense on intangible assets for each of the next five years from 2018 to 2022, is approximately $5.2&nbsp;million per year.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">There were no indicators of impairment identified.</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Intangible Assets</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Intangible assets consist of patent defense costs, which are deferred legal fees that have been incurred in connection with legal proceedings related to the defense of patents for Oxtellar&nbsp;XR and Trokendi&nbsp;XR. Patent defense costs will be charged to expense in the event of an unsuccessful outcome of the ongoing litigation. Patents are carried at cost less accumulated amortization, which is calculated on a straight-line basis over the estimated useful lives of the patents. Amortization commences in the quarter after the costs are incurred. The amortization period is based initially upon the remaining patent life and is adjusted, if necessary, for any subsequent settlements or other changes to the expected useful life of the patent. The carrying value of the patents is assessed for impairment annually during the fourth quarter of each year, or more frequently if impairment indicators exist. There were no indicators of impairment identified at December&nbsp;31, 2017.</font> </p><div /></div> </div> 36350000 36019000 1229000 543000 134000 1229000 543000 134000 825000 493000 134000 61000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">4. Inventories</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Inventories consist of the following, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Raw materials</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,995 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,091 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Work in process</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,873 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,874 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Finished goods</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,436 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,836 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,304 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,801 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 5836000 4436000 16801000 16304000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Inventories</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Inventories, which are recorded at the lower of cost or market, include materials, labor, and other direct and indirect costs and are valued using the first-in, first-out method. The Company capitalizes inventories produced in preparation for commercial launches when it becomes probable that the related product candidates will receive regulatory approval and that the related costs will be recoverable through the commercial sale of the product.</font> </p><div /></div> </div> 2091000 2995000 8874000 8873000 681000 1467000 2864000 -61000 -242000 563000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The contractual maturities of the unrestricted available for sale marketable securities held by the Company were as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Less Than 1 Year</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,736 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1&nbsp;year to 2&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,921 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2&nbsp;year to 3&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,021 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years to 4&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,696 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Greater Than 4 Years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,374 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 2600000 2700000 2700000 117813000 156984000 309568000 424464000 80742000 123000000 901000 239000 1774000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">8. Convertible Senior Secured Notes</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">On May&nbsp;3, 2013, the Company issued $90.0&nbsp;million aggregate principal amount of Notes in a private placement offering. As of July 2017, the notes were fully converted into equity.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company issued the Notes under an Indenture, dated May&nbsp;3, 2013 (the Indenture), between the Company and U.S. Bank National Association, as Trustee and Collateral Agent. The Notes provided for 7.50% interest per annum on the principal amount of the Notes, payable semi-annually in arrears on May&nbsp;1 and November&nbsp;1 of each year. The Notes would have matured on May&nbsp;1, 2019, unless earlier converted, redeemed or repurchased by the Company. The Notes were convertible into the Company's common stock (Common Stock) as described in the Indenture. The conversion rate for the Notes was equal to 188.7059 shares of Common Stock per $1,000 principal amount of notes (which is equivalent to an initial conversion price of approximately $5.30 per share of Common Stock). All of the Notes have converted to Common Stock and as of December&nbsp;31, 2017, there were no Notes outstanding.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company incurred approximately $3.5&nbsp;million of financing costs (including the underwriters' fee) in connection with the issuance of the Notes. Approximately $0.9&nbsp;million of this amount was allocated to additional paid-in capital and the remaining $2.6&nbsp;million was recorded as a deferred cost and amortized over the term of the Notes.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The table below summarizes activity related to the Notes from issuance on May&nbsp;3, 2013 through December&nbsp;31, 2017, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Gross proceeds</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,000 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Initial value of interest make-whole derivative reported as debt discount</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,270 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion option reported as debt discount and APIC</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,336 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;principal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(85,425 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,767 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,429 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">December&nbsp;31, 2016 carrying value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,165 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;principal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,575 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Conversion of debt to equity&#x2014;accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>360 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accretion of debt discount and deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">December&nbsp;31, 2017 carrying value</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">For the year ended December&nbsp;31, 2017, approximately $4.6&nbsp;million aggregate principal amount of Notes were presented to the Company for conversion. Accordingly, the Company issued approximately 0.9&nbsp;million shares of Common Stock in conversion of the principal amount of the Notes. As a result of the conversions, the Company incurred a loss of approximately $0.3&nbsp;million on extinguishment of debt during the year ended December&nbsp;31, 2017. This amount was included as a separate component of other income (expense) on the Consolidated Statement of Earnings.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">For the year ended December&nbsp;31, 2016, approximately $3.9&nbsp;million aggregate principal amount of Notes were presented to the Company for conversion. Accordingly, the Company issued approximately 0.7&nbsp;million shares of Common Stock in conversion of the principal amount of the Notes. The Company issued an additional 24,000 shares of Common Stock in settlement of the interest make-whole provision related to the converted Notes. As a result of the 2016 conversions, the Company incurred a loss on extinguishment of debt of approximately $0.7&nbsp;million for the year ended December&nbsp;31, 2016.</font> </p><div /></div> </div> 23723000 23723000 656000 23067000 39736000 39736000 2118000 37618000 75410000 133638000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Marketable Securities</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Marketable securities consist of investments in U.S. Treasury bills and notes, certificates of deposit, various U.S. governmental agency debt securities, corporate and municipal bonds and other fixed income securities. The Company places all investments with government, industrial, or financial institutions whose debt is rated as investment grade. The Company classifies all available-for-sale marketable securities with maturities greater than one year from the balance sheet date as non-current assets.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company's investments are classified as available-for-sale and are carried at estimated fair value. Any unrealized holding gains or losses are reported, net of any reported tax effects, as accumulated other comprehensive earnings (loss), which is a separate component of stockholders' equity.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Realized gains and losses, and declines in value judged to be other-than-temporary, if any, are included in consolidated results of operations. A decline in the market value of any available-for-sale security below cost that is deemed to be other-than-temporary results in a reduction in fair value, with that reduction charged to earnings in that period. A new cost basis for the security is then established. Dividend and interest income is recognized when earned. The cost of securities sold is calculated using the specific identification method.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company established the Supernus Supplemental Executive Retirement Plan (SERP) for the sole purpose of receiving funds for executives from a previous SERP and providing a continuing deferral program under the Supernus SERP. As of December&nbsp;31, 2017 and 2016, the estimated fair value of the mutual fund investment securities within the SERP was approximately $335,000 and $275,000, respectively. The fair value of these assets is included within other non-current assets on the consolidated balance sheets. A corresponding noncurrent liability is also included in the consolidated balance sheets to reflect the Company's obligation for the SERP. The Company has not made, and has no plans to make, contributions to the SERP. The securities are restricted in nature and can only be used for purposes of paying benefits under the SERP.</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">1. Organization and Nature of Operations</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Supernus Pharmaceuticals,&nbsp;Inc. (the Company) was incorporated in Delaware and commenced operations in 2005. The Company is a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases. The Company markets two products, Oxtellar&nbsp;XR for the treatment of epilepsy and Trokendi&nbsp;XR for the prophylaxis of migraine headache and treatment of epilepsy, and has several proprietary product candidates in clinical development that address the psychiatry market.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company launched Oxtellar&nbsp;XR and Trokendi&nbsp;XR in 2013 for the treatment of epilepsy and launched Trokendi&nbsp;XR for the prophylaxis of migraine headache in adolescents and adults in April 2017.</font> </p><div /></div> </div> 1867000 2052000 5681000 -39289000 -35964000 -86415000 34524000 66812000 114640000 13944000 13944000 4825000 91221000 91221000 10251000 61826000 14320000 10297000 57284000 57284000 17368000 15961000 13658000 14428000 90805000 57316000 13944000 91221000 57284000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Recently Issued Accounting Pronouncements</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Accounting Pronouncements Adopted in 2017</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No.&nbsp;2016-09, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Compensation&#x2014;Stock Compensation (Topic&nbsp;718): Improvements to Employee Share-Based Payment Accounting</font><font style="display:inline;font-family:Times;font-size:10pt;">." The standard is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. ASU&nbsp;2016-09 is effective for fiscal years, and interim periods within those years, beginning after December&nbsp;15, 2016, and early adoption is permitted. The Company adopted ASU&nbsp;2016-09 on January&nbsp;1, 2017 using the modified retrospective approach. As a result, the Company recorded a cumulative effect adjustment of $211,000 to increase the 2017 beginning of period additional paid-in capital balance, with an offset to accumulated deficit for historical forfeiture assumptions. Additionally, the Company recorded an opening balance sheet adjustment of $392,000 to increase its deferred tax asset, with an offset to accumulated deficit, primarily to recognize excess tax benefits (i.e.&nbsp;windfalls) from stock option exercises in prior years and the impact of the $211,000 adjustment to historical forfeiture expense.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">New Accounting Pronouncements Not Yet Adopted</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In May 2014, the FASB issued ASU&nbsp;No.&nbsp;2014-09, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers,</font><font style="display:inline;font-family:Times;font-size:10pt;">" and has subsequently issued a number of amendments to ASU&nbsp;2014-09. The new standard, as amended, provides a comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard's stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASU&nbsp;2014-09 includes provisions with a five step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The new standard will be effective for the Company beginning January&nbsp;1, 2018 and permits two methods of adoption: the full retrospective method, which requires the standard to be applied to each prior period presented, or the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. The Company will adopt the standard using the modified retrospective method on January&nbsp;1, 2018.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">We have completed an analysis of existing contracts with our customers and assessed the differences in accounting for such contracts under ASU&nbsp;2014-09 compared with current revenue accounting standards. Based on our review of current customer contracts, we do not expect the implementation of ASU&nbsp;2014-09 to have a material quantitative impact on our consolidated financial statements as the timing of revenue recognition for product sales is not expected to significantly change. Under the new standard, we expect the timing of revenue recognition for upfront licensing fees from our license and collaboration agreements and royalty arrangements to be accelerated. In addition, royalties from sales of licensed products will be recognized as the underlying sales of product occur by the licensee. The Company has substantially completed its impact assessment and expects the cumulative effect adjustment to retained earnings on January&nbsp;1, 2018, reflecting the acceleration of revenue recognition, is not material. The adoption of the new standard will also result in additional revenue-related disclosures in the footnotes to our consolidated financial statements. The Company continues to evaluate the impact of the new guidance on its financial statement disclosures.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In February 2016, the FASB issued ASU No.&nbsp;2016-02, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Leases (Topic&nbsp;842)</font><font style="display:inline;font-family:Times;font-size:10pt;">." The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12&nbsp;months. ASU&nbsp;2016-02 is effective for fiscal years, and interim periods within those years, beginning after December&nbsp;15, 2018, and early adoption is permitted. We expect the ASU to have a material impact on our assets and liabilities due to the addition of previously classified operating leases, but we do not expect it to have a material impact on our cash flows or results of operations.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In August 2017, the FASB issued ASU&nbsp;2017-12, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Derivatives and Hedging (Topic&nbsp;815): Targeted Improvements to Accounting for Hedging Activities."</font><font style="display:inline;font-family:Times;">&nbsp;</font><font style="display:inline;font-family:Times;font-size:10pt;">ASU&nbsp;2017-12 provides new guidance about income statement classification and eliminates the requirement to separately measure and report hedge ineffectiveness. The entire change in fair value for qualifying hedge instruments included in the effectiveness measurement will be recorded in other comprehensive income (OCI) and amounts deferred in OCI will be reclassified to earnings in the same income statement line item in which the earnings effect of the hedged item is reported. This standard will be effective for the first annual period beginning after December&nbsp;15, 2018, including interim periods within those periods. Early adoption is permitted. The Company is currently assessing the impact that this standard will have on its consolidated financial statements, but does not expect it to have a material impact.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In May 2017, the FASB issued ASU&nbsp;2017-09, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Compensation&#x2014;Stock Compensation (Topic&nbsp;718): Scope of Modification Accounting,</font><font style="display:inline;font-family:Times;font-size:10pt;">" which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. ASU&nbsp;2017-09 is effective for all annual periods, and interim periods within those annual periods, beginning after December&nbsp;15, 2017, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In August 2016, the FASB issued ASU No.&nbsp;2016-15, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Classification of Certain Cash Receipts and Cash Payments</font><font style="display:inline;font-family:Times;font-size:10pt;">." The standard eliminates diversity in the practice of how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic&nbsp;230, Statement of Cash Flows, and other Topics. ASU&nbsp;2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December&nbsp;15, 2017. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company has evaluated all other ASUs issued through the date the consolidated financials were issued in this Annual Report on Form&nbsp;10-K and believes that no other ASU will have a material impact on the Company's consolidated financial statements.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-size:12pt;">&nbsp;</font> </p><div /></div> </div> -6234000 -3847000 1077000 1 20844000 6437000 54216000 11645000 19839000 16296000 16788000 99541000 26067000 22342000 34344000 9052000 5249000 3349000 32100000 8100000 5630000 6414000 331000 389000 -334000 354000 354000 -613000 -613000 -334000 -334000 354000 -613000 4002000 10577000 3500000 10907000 18821000 11154000 63859000 47364000 101889000 2104000 1603000 2029000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">14. Employee Benefit Plan</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">On January&nbsp;2, 2006, the Company established the Supernus Pharmaceuticals,&nbsp;Inc. 401(k) Profit Sharing Plan (the 401(k) Plan) for its employees under Section&nbsp;401(k) of the Internal Revenue Code (Code). Under the 401(k) Plan, all full-time employees who are at least 18&nbsp;years old are eligible to participate in the 401(k) Plan. Employees may participate starting on the first day of the month following employment. Employees may contribute up to the lesser of 90% of eligible compensation or the applicable limit as established by the Code.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Employees are 100% vested in their contributions to the 401(k) Plan. The Company matches 100% of a participant's contribution for the first 3% of their salary deferral and matches 50% of the next 2% of their salary deferral. As determined by the Board, the Company may elect to make a discretionary contribution not exceeding 60% of the annual compensation paid to all participating employees. The Company's contributions to the 401(k) Plan were approximately $1.8&nbsp;million, $1.6&nbsp;million, and $1.4&nbsp;million for the years ended December&nbsp;31, 2017, 2016 and 2015, respectively.</font> </p><div /></div> </div> 2955000 6521000 1867000 2052000 5681000 90000000 37581000 31824000 28657000 13944000 91221000 57284000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">5. Property and Equipment</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Property and equipment consist of the following, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Computer equipment</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,226 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,206 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Software</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,004 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,807 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Lab equipment and furniture</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,331 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,758 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Leasehold improvements</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,731 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,642 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Construction in progress</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>178 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,470 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,441 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Less accumulated depreciation and amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,346 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,097 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,124 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,344 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Depreciation and amortization expense on property and equipment was approximately $1.2&nbsp;million, $1.1&nbsp;million, and $0.7&nbsp;million for the years ended December&nbsp;31, 2017, 2016 and 2015, respectively.</font> </p><div /></div> </div> 12441000 6758000 1206000 1807000 28000 2642000 14470000 8331000 1226000 2004000 178000 2731000 4344000 5124000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Property and Equipment</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Property and equipment are stated at cost. Upon retirement or sale, the cost of assets disposed of and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is credited or charged to operations. Repairs and maintenance costs are expensed as incurred. Depreciation and amortization are computed using the straight-line method over the following useful lives:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Computer equipment</font></p> </td> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Software</font></p> </td> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Lab equipment and furniture</font></p> </td> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5&nbsp;-&nbsp;10&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Leasehold improvements</font></p> </td> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shorter of lease term or useful life</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Computer equipment</font></p> </td> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Software</font></p> </td> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Lab equipment and furniture</font></p> </td> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5&nbsp;-&nbsp;10&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Leasehold improvements</font></p> </td> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shorter of lease term or useful life</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> P3Y P3Y P10Y P5Y <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">16. Quarterly Financial Information (unaudited), see accompanying accountants' report</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Quarterly financial information for fiscal 2017 and 2016 are presented in the following table, in thousands of dollars, except per share data, unaudited:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">1</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">st</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">nd</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">3</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">rd</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">4</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">th</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2017</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Revenue</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,576 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,829 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,398 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88,435 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total costs and expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,788 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,762 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,056 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,091 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Operating earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,788 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,067 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,342 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,344 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,297 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,368 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,961 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,658 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.34 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.31 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.27 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.19 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.32 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.29 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.26 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2016</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Revenue</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,194 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,626 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,810 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,374 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total costs and expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,757 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,981 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,971 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,078 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Operating earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,437 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,645 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,839 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,296 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,825 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,251 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,826 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,320 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.25 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.29 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.18 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.18 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.26 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-size:12pt;">&nbsp;</font> </p><div /></div> </div> 29135000 42791000 49577000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Research and Development Costs</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Research and development costs are expensed as incurred. Research and development costs consist primarily of: employee-related expenses, including salaries and benefits; share-based compensation expense; expenses incurred under agreements with CROs; fees paid to clinical investigators who are participating in our clinical trials; fees paid to consultants and other vendors that conduct the Company's clinical trials; the cost of acquiring and manufacturing clinical trial materials; the cost of manufacturing materials used in process validation, but only to the extent that those materials are manufactured prior to receiving regulatory approval and are not expected to be sold commercially; facilities costs that do not have an alternative future use; related depreciation and other allocated expenses; license fees for, and milestone payments related to in-licensed products and technologies; and costs associated with animal testing activities and regulatory approvals.</font> </p><div /></div> </div> -84288000 211000 392000 -26823000 800000 0 1500000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Sales Deductions</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Allowances for estimated sales deductions are provided for the following:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;"> <tr style="CellSpacing:15;"> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Rebates</font><font style="display:inline;font-family:Times;">. Rebates include mandated discounts under the Medicaid Drug Rebate Program, the Medicare coverage gap program, as well as negotiated discounts with commercial healthcare providers. Rebates are amounts owed after the final dispensing of product to a benefit plan participant has occurred and are based upon contractual agreements or legal requirements with the public sector (e.g.,&nbsp;Medicaid) and with private sector benefit providers (e.g.,&nbsp;commercial managed care providers). The allowance for rebates is based on statutory and contractual discount rates and anticipated rebates based on a plan provider's utilization.</font></p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Rebates are generally invoiced and paid quarterly in arrears so that the accrual balance consists of an estimate of the amount expected to be incurred for the current quarter's activity, plus an accrual balance for known or estimated prior quarters' unpaid rebates. If actual rebates vary from estimates, we may need to adjust balances of such rebates to reflect the actual expenditures of the Company with respect to these programs, thereby affecting revenue in the period of adjustment.</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Co-pay assistance</font><font style="display:inline;font-family:Times;">. Patients who pay in cash or have commercial insurance and meet certain eligibility requirements may receive co-pay assistance from the Company. The intent of this program is to reduce the patient's out of pocket costs. Liabilities for co-pay assistance are based on actual program participation and estimates of program redemption using data provided by third-party administrators.&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Distributor/Wholesaler Deductions and Discounts</font><font style="display:inline;font-family:Times;">. U.S. specialty distributors and wholesalers are offered various forms of consideration including allowances, service fees and prompt payment discounts as consideration for distributing our products. Distributor allowances and service fees arise from contractual agreements with distributors and are generally a percentage of the price at which the Company sells product to distributors and wholesalers. Wholesale customers are offered a prompt pay discount for payment within a specified period.&nbsp;<br /><br /></font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Returns</font><font style="display:inline;font-family:Times;">. Sales of our products are not subject to a general right of return; however, the Company will accept product that is damaged or defective when shipped directly from our warehouse. The Company will accept expired product six months prior to and up to 12&nbsp;months subsequent to its expiry date. Product that has been used to fill patient prescriptions is no longer subject to any right of return.&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Chargebacks</font><font style="display:inline;font-family:Times;">. Chargebacks are discounts that occur when contracted customers purchase directly from an intermediary distributor or wholesaler. Contracted customers, which currently consist primarily of Public Health Service institutions and federal government entities purchasing via the Federal Supply Schedule, generally purchase our product at a discounted price. The distributor or wholesaler, in turn, charges back the difference between the price initially paid by the distributor or wholesaler and the discounted price paid to the distributor or wholesaler by the customer. The allowance for distributor/wholesaler chargebacks is based on sales to contracted customers.</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue Recognition of License Revenue</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">License and Collaboration Agreements</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">We have entered into collaboration agreements to have both Oxtellar XR and Trokendi XR commercialized outside of the U.S. These agreements generally include an up-front license fee and ongoing milestone payments upon the achievement of specific events. We believe that when milestones meet all of the necessary criteria to be considered substantive, these should be recognized as revenue when achieved. For up-front license fees, we have estimated the service period of the contract and are recognizing this revenue on a straight-line basis over the respective service period.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Milestone Payments</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Milestone payments on licensing agreements are recognized as revenue when the collaborative partner acknowledges completion of the milestone and substantive effort was necessary to achieve the milestone. Management may recognize revenue contingent upon the achievement of a milestone in its entirety in the period in which the milestone is achieved only if the milestone meets all the criteria to be considered substantive. Substantive milestone payments are recognized upon achievement of the milestone only if all of the following conditions are met:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;"> <tr style="CellSpacing:15;"> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The milestone payments are non-refundable;&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Achievement of the milestone involves a degree of risk and was not reasonably assured at the inception of the arrangement;&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Substantive effort on the partner's part is involved in achieving the milestone; and&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The amount of the milestone payment is reasonable in relation to the effort expended or the risk associated with achievement of the milestone.</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Determination as to whether a payment meets the aforementioned conditions involves management's judgment. If any of these conditions are not met, the resulting payment would not be considered a substantive milestone, and therefore the resulting payment would be considered part of the consideration for the single unit of accounting and amortized over the appropriate period.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company recorded $1.5&nbsp;million of milestone revenue during the year ended December&nbsp;31, 2017. There was no milestone revenue during the year ended December&nbsp;31, 2016 and $0.8&nbsp;million of milestone revenue for the year ended December&nbsp;31, 2015.</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Royalty Revenue</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">We recognize non-cash royalty revenue for royalty amounts earned pursuant to a royalty agreement with United Therapeutics. In 2014, the Company sold certain of these royalty rights to Healthcare Royalty Partners III,&nbsp;L.P. (HC Royalty) (see Note&nbsp;15). Accordingly, the Company records non-cash royalty revenue when payments are made from United Therapeutics to HC Royalty in connection with these agreements. Royalty revenue also includes royalty amounts received from collaboration partners, including Shire Pharmaceuticals&nbsp;Inc., based on net product sales of Mydayis.</font> </p><div /></div> </div> 147465000 215003000 302238000 3038000 4686000 6367000 143526000 44194000 210078000 51626000 56810000 62374000 57576000 294097000 75829000 80398000 88435000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued expenses are comprised of the following, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued compensation</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,279 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,145 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued professional fees</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,890 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,447 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued clinical trial and clinical supply costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,996 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,350 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued product costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>726 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,794 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued interest expense</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Other accrued expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,414 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,630 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,305 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,427 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following sets forth the gross carrying amount and related accumulated amortization of the intangible assets, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-<br />Average Life</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Capitalized patent defense costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5.9&nbsp;-&nbsp;10&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,185 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,633 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Less accumulated amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,166 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,283 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,019 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,350 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Warrants to purchase common stock</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,957 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Stock options, stock appreciation rights, and ESPP awards</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,009 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,944 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,027 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Unrestricted marketable securities held by the Company were as follows, in thousands of dollars:</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">At December&nbsp;31, 2017:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Available for Sale </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized<br />Cost</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Gains</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Losses</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Corporate and government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>174,235 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(909 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,374 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">At December&nbsp;31, 2016:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Available for Sale </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized<br />Cost</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Gains</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross<br />Unrealized<br />Losses</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Corporate and government debt securities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,487 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(440 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,133 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The components of the income tax (benefit)/ expense for the years ended December&nbsp;31, 2017, 2016 and 2015 were as follow, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Current</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Federal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,288 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>544 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>624 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">State</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,822 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>78 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Federal</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,493 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,898 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">State</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(269 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,576 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,334 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,852 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The significant components of the Company's deferred income tax assets (liabilities) were as follow, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">As of December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred tax assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net operating loss carryforward</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,072 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,926 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred rent credit</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>211 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>417 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued compensation and non-qualified stock options</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,090 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,128 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred financing costs</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,073 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>706 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Research and development credits</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,795 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,119 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Capitalized overhead into inventory (UNICAP &#xA7;263A)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>480 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,086 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Nonrecourse liability related to sale of future royalties</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,377 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,223 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Other</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>645 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>878 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">AMT credit</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,613 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,581 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accrued sales deductions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,449 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net deferred tax asset</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,805 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,192 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:9pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred tax liability:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Debt discount on convertible notes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(141 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Infringement legal cost</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,557 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,899 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Depreciation</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(264 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(423 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Section&nbsp;481(a)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,141 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net deferred taxes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,843 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,729 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following table sets forth the computation of basic and diluted net earnings per share for the years ended December&nbsp;31, 2017, 2016 and 2015, in thousands of dollars, except share and per share amounts:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Numerator, in thousands:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings used for calculation of basic EPS</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,284 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,221 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,944 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Interest expense on convertible debt</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>134 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>543 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,229 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Changes in fair value of derivative liabilities</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(76 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(448 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(589 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Loss on extinguishment of debt</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>295 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>671 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,338 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Loss on extinguishment of outstanding debt,</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">as if converted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(321 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,182 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,494 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total adjustments</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(416 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>484 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings used for calculation of diluted EPS</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,316 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,805 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,428 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Denominator:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Weighted average shares outstanding, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,756,603 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,472,434 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,485,258 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Effect of dilutive potential common shares:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shares underlying Convertible Senior Secured Notes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285,257 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,222,363 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,459,009 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shares issuable to settle interest make-whole derivatives</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,012 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,537 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>804,507 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Stock options and stock appreciation rights</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,252,278 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>942,649 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,606 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total potential dilutive common shares</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,544,547 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,236,549 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,675,122 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Weighted average shares outstanding, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,301,150 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,708,983 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,160,380 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earings per share, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.13 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.84 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.29 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.08 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.76 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">A reconciliation of the expected income tax (benefit)/ expense computed using the U.S. Federal statutory income tax rate to the Company's effective income tax rate is as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Income tax expense computed at U.S. Federal statutory tax rate</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,217 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,629 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,114 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Permanent items</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,311 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>715 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>601 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">State income taxes</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,714 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,523 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Change in valuation allowance</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(56,019 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,705 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Uncertain income tax position</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,137 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>533 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Research and development credits</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,196 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,902 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(979 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Other</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Deferred rate change</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,694 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Income tax expense/ (benefit)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,334 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,852 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Share-based compensation recognized related to the grant of employee and non-employee stock options, SAR, Employee Stock Purchase Plan (ESPP) awards and non-vested stock was as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Research and development</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,387 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,107 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>874 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Selling, general and administrative</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,046 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,819 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,216 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,433 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,926 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,090 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Future minimum lease payments under non-cancelable operating leases as of December&nbsp;31, 2017 are as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Year ending December&nbsp;31:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2018</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,349 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2019</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,249 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Thereafter</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>454 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,052 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Inventories consist of the following, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,<br />2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Raw materials</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,995 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,091 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Work in process</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,873 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,874 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Finished goods</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,436 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,836 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,304 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,801 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Quarterly financial information for fiscal 2017 and 2016 are presented in the following table, in thousands of dollars, except per share data, unaudited:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">1</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">st</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">nd</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">3</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">rd</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">4</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;font-size:4pt;top:-4pt;position:relative;line-height:100%">th</font><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;Quarter</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2017</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Revenue</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,576 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,829 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,398 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88,435 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total costs and expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,788 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,762 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,056 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,091 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Operating earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,788 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,067 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,342 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,344 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,297 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,368 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,961 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,658 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.34 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.31 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.27 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.19 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.32 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.29 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.26 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">2016</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <br /><font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Revenue</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,194 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,626 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,810 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,374 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Total costs and expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,757 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,981 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,971 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,078 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Operating earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,437 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,645 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,839 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,296 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,825 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,251 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,826 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,320 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, basic</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.25 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.29 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Net earnings per share, diluted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.18 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.18 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.26 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-size:12pt;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number of<br />Options</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-<br />Average<br />Exercise Price</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-Average<br />Remaining<br />Contractual<br />Term (in years)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Outstanding, December&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,699,007 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.94 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.92 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Granted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,058,850 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13.32 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Exercised</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(85,694 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.51 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Forfeited</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28,075 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.23 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Outstanding, December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,644,088 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.25 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.59 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Granted</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,130,155 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26.57 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Exercised</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(407,477 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.31 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Forfeited</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(86,096 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.24 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Outstanding, December&nbsp;31, 2017</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,280,670 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14.50 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">As of December&nbsp;31, 2017:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Vested and expected to vest</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,280,670 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14.50 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Exercisable</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,952,769 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.35 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.16 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Fair value of common stock</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$25.30&nbsp;-&nbsp;$41.00</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$12.98&nbsp;-&nbsp;$22.80</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$9.13&nbsp;-&nbsp;$21.21</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Expected volatility</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">53.61%&nbsp;-&nbsp;60.6%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">60.9%&nbsp;-&nbsp;64.5%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">60.9%&nbsp;-&nbsp;64.6%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Dividend yield</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Expected term</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">6.25&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Risk-free interest rate</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1.90%&nbsp;-&nbsp;2.18%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1.14%&nbsp;-&nbsp;2.15%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">1.54%&nbsp;-&nbsp;1.74%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Expected forfeiture rate</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">0%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5%</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows, in thousands of dollars:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Balance as of January&nbsp;1</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,299 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,341 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,964 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Gross increases (decreases) related to prior-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>947 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Gross increases related to current-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,178 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>646 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Gross decreases related to prior-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(375 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Gross decreases related to current-year tax positions</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(169 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(243 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Change in tax rates</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,565 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(160 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Balance as of December&nbsp;31</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,859 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,299 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,341 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Net Product<br />Sales</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Accounts<br />Receivable, net</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Customer A</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Customer B</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Customer C</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 89063000 106010000 137905000 4090000 5926000 8433000 P1Y P10Y P10Y 0.00 0.00 0.00 P6Y3M P6Y3M P6Y3M 0.646 0.645 0.606 0.609 0.609 0.5361 0.0174 0.0215 0.0218 0.0154 0.0114 0.0190 8000000 5000000 25000000 59600000 1952769 9.35 P6Y1M28D 1600000 1100000 12800000 28075 86096 1058850 1130155 6.05 7.66 14.35 12600000 54700000 108500000 2699007 3644088 4280670 8.94 10.25 14.50 P7Y11M1D P7Y7M2D P7Y4M13D 12400000 54000000 108500000 4280670 14.50 P7Y4M13D 2600000 3900000 5400000 6.51 9.31 12.23 17.24 13.32 26.57 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Share-Based Compensation</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Employee share-based compensation is measured based on the estimated fair value as of the grant date. The grant date fair value is calculated using the Black-Scholes option-pricing model, which requires the use of subjective assumptions including stock volatility, expected term, risk-free rate, and the fair value of the underlying common stock. The Company recognizes expense using the straight-line method.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company records the expense for stock option grants to non-employees based on the estimated fair value of the stock option using the Black-Scholes option pricing model. The fair value of non-employee awards is re-measured at each reporting period. As a result, stock compensation expense for non-employee awards with vesting is affected by subsequent changes in the fair value of the Company's common stock, with those changes recorded in the relevant period.</font> </p><div /></div> </div> 21.21 9.13 22.80 12.98 41.00 25.30 42974463 49004674 49971267 51314850 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">2. Summary of Significant Accounting Policies</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Basis of Presentation</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company's consolidated financial statements include the accounts of Supernus Pharmaceuticals,&nbsp;Inc. and Supernus Europe&nbsp;Ltd., collectively referred to herein as "Supernus" or "the Company." All significant intercompany transactions and balances have been eliminated in consolidation. The Company's consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (U.S.&nbsp;GAAP).</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company, which is primarily located in the U.S., operates in one operating segment.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Use of Estimates</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The preparation of the financial statements in accordance with U.S.&nbsp;GAAP requires the Company to make estimates and judgments in certain circumstances that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. In preparing these consolidated financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, future royalty revenue related to Orenitram net product sales, accrued sales deductions, fair value of financial assets and liabilities, derivative liabilities, common stock options, income taxes, preclinical study and clinical trial accruals, and other contingencies. Management bases its estimates on historical experience or on various forecasts, including information received from its service providers, which it has assessed to be reasonable under the circumstances. Actual results could differ from these estimates.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Cash and Cash Equivalents</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company considers all investments in highly liquid financial instruments with an original maturity of three months or less to be cash equivalents.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Marketable Securities</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Marketable securities consist of investments in U.S. Treasury bills and notes, certificates of deposit, various U.S. governmental agency debt securities, corporate and municipal bonds and other fixed income securities. The Company places all investments with government, industrial, or financial institutions whose debt is rated as investment grade. The Company classifies all available-for-sale marketable securities with maturities greater than one year from the balance sheet date as non-current assets.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company's investments are classified as available-for-sale and are carried at estimated fair value. Any unrealized holding gains or losses are reported, net of any reported tax effects, as accumulated other comprehensive earnings (loss), which is a separate component of stockholders' equity.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Realized gains and losses, and declines in value judged to be other-than-temporary, if any, are included in consolidated results of operations. A decline in the market value of any available-for-sale security below cost that is deemed to be other-than-temporary results in a reduction in fair value, with that reduction charged to earnings in that period. A new cost basis for the security is then established. Dividend and interest income is recognized when earned. The cost of securities sold is calculated using the specific identification method.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company established the Supernus Supplemental Executive Retirement Plan (SERP) for the sole purpose of receiving funds for executives from a previous SERP and providing a continuing deferral program under the Supernus SERP. As of December&nbsp;31, 2017 and 2016, the estimated fair value of the mutual fund investment securities within the SERP was approximately $335,000 and $275,000, respectively. The fair value of these assets is included within other non-current assets on the consolidated balance sheets. A corresponding noncurrent liability is also included in the consolidated balance sheets to reflect the Company's obligation for the SERP. The Company has not made, and has no plans to make, contributions to the SERP. The securities are restricted in nature and can only be used for purposes of paying benefits under the SERP.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Accounts Receivable, Net</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Accounts receivable are reported on the consolidated balance sheets at outstanding amounts, less an allowance for doubtful accounts and discounts. The Company extends credit without requiring collateral. The Company writes off uncollectible receivables when the likelihood of collection is remote. The Company evaluates the collectability of accounts receivable on a regular basis, but no less frequently than quarterly. An allowance, when needed, is based upon various factors, including the financial condition and payment history of customers, an overall review of collections experience on other accounts, and economic factors or events expected to affect future collections experience.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company recorded no allowance for bad debt in 2017 and approximately $42,000 allowance for bad debts as of December&nbsp;31, 2016. No accounts were written off in 2017 and 2016.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company recorded an allowance of approximately $8.9&nbsp;million and $5.6&nbsp;million for expected sales discounts as of December&nbsp;31, 2017 and December&nbsp;31, 2016, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The following table includes those customers, who are wholesalers and distributors, that represent more than 10% of total net product sales for 2017 and more than 10% of the accounts receivable balance on the consolidated balance sheet as of December&nbsp;31, 2017:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Net Product<br />Sales</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Accounts<br />Receivable, net</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Customer A</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Customer B</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Customer C</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Concentration of Credit Risk</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, accounts receivable and marketable securities. The counterparties are various corporations and financial institutions of high credit standing.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Substantially all of the Company's cash and cash equivalents are maintained with U.S. government agencies and well known corporations. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and, therefore, management believes they bear minimal default risk.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Inventories</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Inventories, which are recorded at the lower of cost or market, include materials, labor, and other direct and indirect costs and are valued using the first-in, first-out method. The Company capitalizes inventories produced in preparation for commercial launches when it becomes probable that the related product candidates will receive regulatory approval and that the related costs will be recoverable through the commercial sale of the product.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Property and Equipment</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Property and equipment are stated at cost. Upon retirement or sale, the cost of assets disposed of and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is credited or charged to operations. Repairs and maintenance costs are expensed as incurred. Depreciation and amortization are computed using the straight-line method over the following useful lives:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Computer equipment</font></p> </td> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Software</font></p> </td> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">3&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Lab equipment and furniture</font></p> </td> <td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">5&nbsp;-&nbsp;10&nbsp;years</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Leasehold improvements</font></p> </td> <td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Shorter of lease term or useful life</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Intangible Assets</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Intangible assets consist of patent defense costs, which are deferred legal fees that have been incurred in connection with legal proceedings related to the defense of patents for Oxtellar&nbsp;XR and Trokendi&nbsp;XR. Patent defense costs will be charged to expense in the event of an unsuccessful outcome of the ongoing litigation. Patents are carried at cost less accumulated amortization, which is calculated on a straight-line basis over the estimated useful lives of the patents. Amortization commences in the quarter after the costs are incurred. The amortization period is based initially upon the remaining patent life and is adjusted, if necessary, for any subsequent settlements or other changes to the expected useful life of the patent. The carrying value of the patents is assessed for impairment annually during the fourth quarter of each year, or more frequently if impairment indicators exist. There were no indicators of impairment identified at December&nbsp;31, 2017.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Impairment of Long-Lived Assets</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Long-lived assets consist primarily of property and equipment and patent defense costs. The Company assesses the recoverability of its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If indications of impairment exist, projected future undiscounted cash flows associated with the asset are compared to the carrying value to determine whether the asset's value is recoverable. Evaluating for impairment requires judgment, including the estimation of future cash flows, future growth rates and profitability, and the expected life over which cash flows will occur. Changes in the Company's business strategy or adverse changes in market conditions could impact impairment analyses and require the recognition of an impairment charge equal to the excess of the carrying value of the long-lived asset over its estimated fair value. There were no indicators of impairment identified for the Company's long-lived assets as of December&nbsp;31, 2017.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred Financing Costs</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Deferred financing costs consist of financing costs incurred by the Company in connection with the issuance of the Company's 7.50% Convertible Senior Secured Notes (see Note&nbsp;8). The Company amortized deferred financing costs over the term of the related debt using the effective interest method. All related deferred financing costs have been written off, coincident with the conversion of all remaining Notes in 2017. The was no remaining balance at December&nbsp;31, 2017.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Preclinical Study and Clinical Trial Accruals</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company estimates preclinical study and clinical trial expenses based on the services performed pursuant to contracts with research institutions, clinical investigators, and clinical research organizations (CROs) that conduct activities on our behalf. In recording service fees, the Company estimates the time period over which the related services will be performed and compares the level of effort expended through the end of each period to the cumulative expenses recorded and payments made for such services. As appropriate, it accrues additional service fees or defers any non-refundable advance payments until the related services are performed. If the actual timing of the performance of services or the level of effort varies from the estimate, the Company will adjust its accrued expenses or deferred advance payments accordingly. If the Company later determines that it no longer expects the services associated with a nonrefundable advance payment to be rendered, the advance payment will be charged to expense in the period in which such determination is made.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue from Product Sales</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Revenue from product sales is recognized when: persuasive evidence of an arrangement exists; delivery has occurred and title to the product and associated risk of loss has passed to the customer; the price is fixed or determinable; collection from the customer has been reasonably assured; all performance obligations have been met; and returns and allowances can be reasonably estimated. Product sales are recorded net of estimated rebates, chargebacks, allowances, discounts, patient copay assistance and other deductions as well as estimated product returns (collectively, "sales deductions").</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Our products are distributed through wholesalers and pharmaceutical distributors. Each of these wholesalers and distributors takes title and ownership to the product upon physical receipt of the product and then distributes our products to pharmacies.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Sales Deductions</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Allowances for estimated sales deductions are provided for the following:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;"> <tr style="CellSpacing:15;"> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Rebates</font><font style="display:inline;font-family:Times;">. Rebates include mandated discounts under the Medicaid Drug Rebate Program, the Medicare coverage gap program, as well as negotiated discounts with commercial healthcare providers. Rebates are amounts owed after the final dispensing of product to a benefit plan participant has occurred and are based upon contractual agreements or legal requirements with the public sector (e.g.,&nbsp;Medicaid) and with private sector benefit providers (e.g.,&nbsp;commercial managed care providers). The allowance for rebates is based on statutory and contractual discount rates and anticipated rebates based on a plan provider's utilization.</font></p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Rebates are generally invoiced and paid quarterly in arrears so that the accrual balance consists of an estimate of the amount expected to be incurred for the current quarter's activity, plus an accrual balance for known or estimated prior quarters' unpaid rebates. If actual rebates vary from estimates, we may need to adjust balances of such rebates to reflect the actual expenditures of the Company with respect to these programs, thereby affecting revenue in the period of adjustment.</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Co-pay assistance</font><font style="display:inline;font-family:Times;">. Patients who pay in cash or have commercial insurance and meet certain eligibility requirements may receive co-pay assistance from the Company. The intent of this program is to reduce the patient's out of pocket costs. Liabilities for co-pay assistance are based on actual program participation and estimates of program redemption using data provided by third-party administrators.&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Distributor/Wholesaler Deductions and Discounts</font><font style="display:inline;font-family:Times;">. U.S. specialty distributors and wholesalers are offered various forms of consideration including allowances, service fees and prompt payment discounts as consideration for distributing our products. Distributor allowances and service fees arise from contractual agreements with distributors and are generally a percentage of the price at which the Company sells product to distributors and wholesalers. Wholesale customers are offered a prompt pay discount for payment within a specified period.&nbsp;<br /><br /></font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Returns</font><font style="display:inline;font-family:Times;">. Sales of our products are not subject to a general right of return; however, the Company will accept product that is damaged or defective when shipped directly from our warehouse. The Company will accept expired product six months prior to and up to 12&nbsp;months subsequent to its expiry date. Product that has been used to fill patient prescriptions is no longer subject to any right of return.&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;text-decoration:underline;">Chargebacks</font><font style="display:inline;font-family:Times;">. Chargebacks are discounts that occur when contracted customers purchase directly from an intermediary distributor or wholesaler. Contracted customers, which currently consist primarily of Public Health Service institutions and federal government entities purchasing via the Federal Supply Schedule, generally purchase our product at a discounted price. The distributor or wholesaler, in turn, charges back the difference between the price initially paid by the distributor or wholesaler and the discounted price paid to the distributor or wholesaler by the customer. The allowance for distributor/wholesaler chargebacks is based on sales to contracted customers.</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue Recognition of License Revenue</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">License and Collaboration Agreements</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">We have entered into collaboration agreements to have both Oxtellar XR and Trokendi XR commercialized outside of the U.S. These agreements generally include an up-front license fee and ongoing milestone payments upon the achievement of specific events. We believe that when milestones meet all of the necessary criteria to be considered substantive, these should be recognized as revenue when achieved. For up-front license fees, we have estimated the service period of the contract and are recognizing this revenue on a straight-line basis over the respective service period.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Milestone Payments</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Milestone payments on licensing agreements are recognized as revenue when the collaborative partner acknowledges completion of the milestone and substantive effort was necessary to achieve the milestone. Management may recognize revenue contingent upon the achievement of a milestone in its entirety in the period in which the milestone is achieved only if the milestone meets all the criteria to be considered substantive. Substantive milestone payments are recognized upon achievement of the milestone only if all of the following conditions are met:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;"> <tr style="CellSpacing:15;"> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The milestone payments are non-refundable;&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Achievement of the milestone involves a degree of risk and was not reasonably assured at the inception of the arrangement;&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Substantive effort on the partner's part is involved in achieving the milestone; and&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:15;"> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&#x2022;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The amount of the milestone payment is reasonable in relation to the effort expended or the risk associated with achievement of the milestone.</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Determination as to whether a payment meets the aforementioned conditions involves management's judgment. If any of these conditions are not met, the resulting payment would not be considered a substantive milestone, and therefore the resulting payment would be considered part of the consideration for the single unit of accounting and amortized over the appropriate period.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company recorded $1.5&nbsp;million of milestone revenue during the year ended December&nbsp;31, 2017. There was no milestone revenue during the year ended December&nbsp;31, 2016 and $0.8&nbsp;million of milestone revenue for the year ended December&nbsp;31, 2015.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Royalty Revenue</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">We recognize non-cash royalty revenue for royalty amounts earned pursuant to a royalty agreement with United Therapeutics. In 2014, the Company sold certain of these royalty rights to Healthcare Royalty Partners III,&nbsp;L.P. (HC Royalty) (see Note&nbsp;15). Accordingly, the Company records non-cash royalty revenue when payments are made from United Therapeutics to HC Royalty in connection with these agreements. Royalty revenue also includes royalty amounts received from collaboration partners, including Shire Pharmaceuticals&nbsp;Inc., based on net product sales of Mydayis.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Cost of Product Sales</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The cost of product sales consists primarily of materials, third-party manufacturing costs, freight and distribution costs, allocation of labor, quality control and assurance, and other manufacturing overhead costs.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Research and Development Costs</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Research and development costs are expensed as incurred. Research and development costs consist primarily of: employee-related expenses, including salaries and benefits; share-based compensation expense; expenses incurred under agreements with CROs; fees paid to clinical investigators who are participating in our clinical trials; fees paid to consultants and other vendors that conduct the Company's clinical trials; the cost of acquiring and manufacturing clinical trial materials; the cost of manufacturing materials used in process validation, but only to the extent that those materials are manufactured prior to receiving regulatory approval and are not expected to be sold commercially; facilities costs that do not have an alternative future use; related depreciation and other allocated expenses; license fees for, and milestone payments related to in-licensed products and technologies; and costs associated with animal testing activities and regulatory approvals.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Advertising Expense</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The costs of the Company's advertising efforts are expensed as incurred. The Company incurred approximately $33.8&nbsp;million, $21.9&nbsp;million and $19.3&nbsp;million in advertising costs for the years ended December&nbsp;31, 2017, 2016 and 2015, respectively. These expenses are recorded in the selling, general and administrative expense line item.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Share-Based Compensation</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">Employee share-based compensation is measured based on the estimated fair value as of the grant date. The grant date fair value is calculated using the Black-Scholes option-pricing model, which requires the use of subjective assumptions including stock volatility, expected term, risk-free rate, and the fair value of the underlying common stock. The Company recognizes expense using the straight-line method.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company records the expense for stock option grants to non-employees based on the estimated fair value of the stock option using the Black-Scholes option pricing model. The fair value of non-employee awards is re-measured at each reporting period. As a result, stock compensation expense for non-employee awards with vesting is affected by subsequent changes in the fair value of the Company's common stock, with those changes recorded in the relevant period.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Income Taxes</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax reporting bases of assets and liabilities and are measured using tax rates and laws that are expected to be in effect when the differences are expected to reverse. When appropriate, valuation allowances are established to reduce deferred tax assets to the amounts expected to be realized.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company accounts for uncertain tax positions in its consolidated financial statements when it is more-likely-than-not that the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority, assuming full knowledge of the position and relevant facts. The Company's policy is to recognize any interest and penalties related to income taxes as income tax expense.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Recently Issued Accounting Pronouncements</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Accounting Pronouncements Adopted in 2017</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No.&nbsp;2016-09, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Compensation&#x2014;Stock Compensation (Topic&nbsp;718): Improvements to Employee Share-Based Payment Accounting</font><font style="display:inline;font-family:Times;font-size:10pt;">." The standard is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. ASU&nbsp;2016-09 is effective for fiscal years, and interim periods within those years, beginning after December&nbsp;15, 2016, and early adoption is permitted. The Company adopted ASU&nbsp;2016-09 on January&nbsp;1, 2017 using the modified retrospective approach. As a result, the Company recorded a cumulative effect adjustment of $211,000 to increase the 2017 beginning of period additional paid-in capital balance, with an offset to accumulated deficit for historical forfeiture assumptions. Additionally, the Company recorded an opening balance sheet adjustment of $392,000 to increase its deferred tax asset, with an offset to accumulated deficit, primarily to recognize excess tax benefits (i.e.&nbsp;windfalls) from stock option exercises in prior years and the impact of the $211,000 adjustment to historical forfeiture expense.</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">New Accounting Pronouncements Not Yet Adopted</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In May 2014, the FASB issued ASU&nbsp;No.&nbsp;2014-09, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers,</font><font style="display:inline;font-family:Times;font-size:10pt;">" and has subsequently issued a number of amendments to ASU&nbsp;2014-09. The new standard, as amended, provides a comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard's stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASU&nbsp;2014-09 includes provisions with a five step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The new standard will be effective for the Company beginning January&nbsp;1, 2018 and permits two methods of adoption: the full retrospective method, which requires the standard to be applied to each prior period presented, or the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. The Company will adopt the standard using the modified retrospective method on January&nbsp;1, 2018.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">We have completed an analysis of existing contracts with our customers and assessed the differences in accounting for such contracts under ASU&nbsp;2014-09 compared with current revenue accounting standards. Based on our review of current customer contracts, we do not expect the implementation of ASU&nbsp;2014-09 to have a material quantitative impact on our consolidated financial statements as the timing of revenue recognition for product sales is not expected to significantly change. Under the new standard, we expect the timing of revenue recognition for upfront licensing fees from our license and collaboration agreements and royalty arrangements to be accelerated. In addition, royalties from sales of licensed products will be recognized as the underlying sales of product occur by the licensee. The Company has substantially completed its impact assessment and expects the cumulative effect adjustment to retained earnings on January&nbsp;1, 2018, reflecting the acceleration of revenue recognition, is not material. The adoption of the new standard will also result in additional revenue-related disclosures in the footnotes to our consolidated financial statements. The Company continues to evaluate the impact of the new guidance on its financial statement disclosures.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In February 2016, the FASB issued ASU No.&nbsp;2016-02, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Leases (Topic&nbsp;842)</font><font style="display:inline;font-family:Times;font-size:10pt;">." The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12&nbsp;months. ASU&nbsp;2016-02 is effective for fiscal years, and interim periods within those years, beginning after December&nbsp;15, 2018, and early adoption is permitted. We expect the ASU to have a material impact on our assets and liabilities due to the addition of previously classified operating leases, but we do not expect it to have a material impact on our cash flows or results of operations.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In August 2017, the FASB issued ASU&nbsp;2017-12, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Derivatives and Hedging (Topic&nbsp;815): Targeted Improvements to Accounting for Hedging Activities."</font><font style="display:inline;font-family:Times;">&nbsp;</font><font style="display:inline;font-family:Times;font-size:10pt;">ASU&nbsp;2017-12 provides new guidance about income statement classification and eliminates the requirement to separately measure and report hedge ineffectiveness. The entire change in fair value for qualifying hedge instruments included in the effectiveness measurement will be recorded in other comprehensive income (OCI) and amounts deferred in OCI will be reclassified to earnings in the same income statement line item in which the earnings effect of the hedged item is reported. This standard will be effective for the first annual period beginning after December&nbsp;15, 2018, including interim periods within those periods. Early adoption is permitted. The Company is currently assessing the impact that this standard will have on its consolidated financial statements, but does not expect it to have a material impact.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In May 2017, the FASB issued ASU&nbsp;2017-09, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Compensation&#x2014;Stock Compensation (Topic&nbsp;718): Scope of Modification Accounting,</font><font style="display:inline;font-family:Times;font-size:10pt;">" which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. ASU&nbsp;2017-09 is effective for all annual periods, and interim periods within those annual periods, beginning after December&nbsp;15, 2017, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">In August 2016, the FASB issued ASU No.&nbsp;2016-15, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Classification of Certain Cash Receipts and Cash Payments</font><font style="display:inline;font-family:Times;font-size:10pt;">." The standard eliminates diversity in the practice of how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic&nbsp;230, Statement of Cash Flows, and other Topics. ASU&nbsp;2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December&nbsp;15, 2017. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-size:10pt;">The Company has evaluated all other ASUs issued through the date the consolidated financials were issued in this Annual Report on Form&nbsp;10-K and believes that no other ASU will have a material impact on the Company's consolidated financial statements.</font> </p><div /></div> </div> 40699000 -154000 230263000 43000 -189453000 88007000 -488000 263955000 49000 -175509000 191755000 -134000 276127000 50000 -84288000 267480000 -747000 294999000 51000 -26823000 192147000 -134000 276338000 50000 -84107000 <div> <div> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">9. Stockholders' Equity</font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;">Common Stock</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The holders of our Common Stock are entitled to one vote for each share of Common Stock held.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">During the period from November&nbsp;1, 2013 through December&nbsp;31, 2017, the Company issued 17.0&nbsp;million shares of Common Stock as a result of the conversion of approximately $90.0&nbsp;million aggregate principal amount of Notes. In addition, the Company issued approximately 2.2&nbsp;million shares of Common Stock in settlement of the interest-make whole provision associated with those conversions.</font> </p><div /></div> </div> 32523 98986 109244 71256 85694 407477 652000 652000 930000 930000 1494000 1494000 1888000 1888000 4200000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Accounts Receivable, Net</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Accounts receivable are reported on the consolidated balance sheets at outstanding amounts, less an allowance for doubtful accounts and discounts. The Company extends credit without requiring collateral. The Company writes off uncollectible receivables when the likelihood of collection is remote. The Company evaluates the collectability of accounts receivable on a regular basis, but no less frequently than quarterly. An allowance, when needed, is based upon various factors, including the financial condition and payment history of customers, an overall review of collections experience on other accounts, and economic factors or events expected to affect future collections experience.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company recorded no allowance for bad debt in 2017 and approximately $42,000 allowance for bad debts as of December&nbsp;31, 2016. No accounts were written off in 2017 and 2016.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The Company recorded an allowance of approximately $8.9&nbsp;million and $5.6&nbsp;million for expected sales discounts as of December&nbsp;31, 2017 and December&nbsp;31, 2016, respectively.</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The following table includes those customers, who are wholesalers and distributors, that represent more than 10% of total net product sales for 2017 and more than 10% of the accounts receivable balance on the consolidated balance sheet as of December&nbsp;31, 2017:</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Net Product<br />Sales</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Accounts<br />Receivable, net</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;"> <font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Customer A</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Customer B</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">Customer C</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;font-family:Times;font-size:12pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 2600000 193000 448000 76000 8964000 9341000 9299000 8859000 243000 169000 5000 375000 100000 646000 662000 1178000 947000 <div> <div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;font-weight:bold;">Use of Estimates</font> </p> <p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times;">The preparation of the financial statements in accordance with U.S.&nbsp;GAAP requires the Company to make estimates and judgments in certain circumstances that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. In preparing these consolidated financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, future royalty revenue related to Orenitram net product sales, accrued sales deductions, fair value of financial assets and liabilities, derivative liabilities, common stock options, income taxes, preclinical study and clinical trial accruals, and other contingencies. Management bases its estimates on historical experience or on various forecasts, including information received from its service providers, which it has assessed to be reasonable under the circumstances. Actual results could differ from these estimates.</font> </p><div /></div> </div> 3675122 2236549 2544547 51160380 51708983 53301150 47485258 49472434 50756603